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Corcoran Community Fund

EIN 83-2989224 · Rogers, MN

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthGood72 out of 100GovernanceGood83 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

To support the community & people of Corcoran, MN, including community events, Corcoran emergency services, & disaster & emergency relief.

Income
$452,125
Spending
$444,354
Spent on programs
99%
Reserves
1 months of spending
Largest source of income
fees for its services, 76%
Employees
0
Volunteers
140

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Good: 72 out of 100. Higher than 47% of charities in its peer group (human services, $250k to $1m).

  • Reserves

    10 of 35

    Spendable reserves would cover 1.0 months of spending.

  • Debt

    20 of 20

    It owes 0% of what it owns.

  • Living within its means

    12 of 15

    Income exceeded spending by 2% of income.

  • Income trend

    15 of 15

    Income rose 10% on the year before.

  • Spending floor

    15 of 15

    98% of spending went to programs and raising each dollar of donations cost 0 cents.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Good: 83 out of 100. Higher than 66% of charities in its peer group (human services, $250k to $1m).

  • Independent board

    18 of 25

    4 of 4 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    8 of 8

    Has a written whistleblower policy.

  • Record keeping policy

    7 of 7

    Has a written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Independent check of accounts

    6 of 15

    Its accounts were not audited or reviewed by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (1)
  1. $437,612 spent. In 2024, Corcoran Country Daze, a kid-friendly, two-day outdoor festival that brings members of the community together for great food, music & activities including an antique car & tractor show, a free kids' day, fireworks & fun. The event is run solely by volunteers from the community & is led by the Chair of the Corcoran Community Fund. The event was started as a way to create civic pride & bring Corcoran together, as the city covers 53 square miles but only has a population of approximately 9,000. The free kids' day is the cornerstone of our weekend with about 3,000 people visiting us on Saturday to spend the day with their kids. We offer educational activities for kids, as well as other activities, to let all kids play without concerns about costs. Examples of this include: a music school which brings instruments for kids to play & discover music; a karate school that does demonstrations & teaches kids basic moves; kid's bingo, which uses shapes & colors instead of numbers so all ages can play & practice their identification skills; & local handymen/construction trade members join us to help kids build birdhouses or feeders. This year our Touch A Truck area during kids' day event featured farm equipment including a combine as a way to keep in touch with our roots as well as introduce the equipment to new residents & their kids. One of our favorite parts of kids' day is our school backpack giveaway. We packed the backpacks with school supplies including: markers, pencils, colored pencils, erasers, glue & glue sticks, a pencil box, folders & a notebook. We gave away 900 bags at no cost to any child that needed one. Our goal is to help all children in our community start the school year off not worrying about having the necessary supplies for their success in the classrooms. There were 12 local businesses & organizations that had booths, providing information about their business this year during kids' day as well as 10 local artisans that were selling their crafts & cottage foods. Additionally, our concerts, which help allow us to put on our kids' day event at no cost, saw over 4,000 people in attendance during the two days of music.We also started a partnership with our local police department as they are bringing a new canine officer to the force. Once they are settled into their new roles, we will be offering to help them provide their services safely.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated September 30, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated September 10, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending December 2024.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since November 2021.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 7, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.