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Nonprofit · EIN 65-0745597

COSAC FOUNDATION INC

Also known as HELPING HANDS OF AMERICA

Tax-exempt (reinstated) · DAVIE, FL 33328

Financials

$661K$1.1M2022$671K$982K2023$869K$978K2024
Revenue Expenses · by fiscal year end
Financials of COSAC FOUNDATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$869,410$978,390-$108,980$955,796$1,045,665-$89,869
December 31, 2023990 (amended)$670,742$981,785-$311,043$1,242,687$1,223,576$19,111
December 31, 2022990$660,635$1,079,899-$419,264$980,040$947,101$32,939
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$144,540
Program service revenue
$639,870
Investment income
$0
Other revenue
$85,000

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$222,491
Salaries, compensation and benefits (total)
$239,046
Professional fundraising fees
$0
Depreciation
$5,387
Program services (functional)
$931,326
Management and general (functional)
$47,064

Balance sheet and other

Total assets, start of year
$1,242,687
Total assets, end of year
$955,796
Total liabilities, end of year
$1,045,665
Net assets, end of year
-$89,869
Land, buildings and equipment
$264,000
Publicly traded securities
$550,000
Gross receipts
$869,410
Employees
4
Volunteers
0
Year formed
1998
State of legal domicile
FL

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
MARK TARGETTCTO
Trustee or director, Officer
40$88,800
SARA TARGETTEMPLOYEE
Officer
40$78,000
SEAN CONINIEDIRECTOR
Trustee or director, Officer
40$50,400
990 for the year ended December 31, 2023: 3 people
NameTitleHours / weekCompensation
MARK TARGETTCTO
Trustee or director, Officer
40$88,800
SARA TARGETTEMPLOYEE
Officer
40$78,000
SEAN CONINIEDIRECTOR
Trustee or director, Officer
40$0
990 for the year ended December 31, 2022: 3 people
NameTitleHours / weekCompensation
MARK TARGETTCTO
Trustee or director, Officer
40$88,233
SARA TARGETTEMPLOYEE
Officer
40$77,979
SEAN CONINIEDIRECTOR
Trustee or director, Officer
40$8,000

Address and contacts

Address (IRS master file)
4611 S UNIVERSITY DR PMB 157, DAVIE, FL 33328-3817
Principal officer (990 for 2024)
SEAN CONONIE, SAME AS ABOVE, FORT LAUDERDALE, FL 33328
Signed the 990
SEAN CONONIE, DIRECTOR
Phone
(954) 924-3571
Return prepared by
RICK PETERSON PA CPA

Mission

IMPROVE THE QUALITY OF LIFE FOR THE POOR AND HOMELESS IN FLORIDA, TO PROVIDE A MODEL FOR HOMELESS FACILITIES TO HELP INDIVIDUALS AND FAMILIES IN NEED. THE LAST RESORT FOR MANY DESPERATE INDIVIDUALS IN THE STATE OF FLORIDA.

990 for the year ended December 31, 2024

Program accomplishments

  • COSAC DEVELOPED THE HOMELESS NEWSPAPER, A FUNDING TOOL, WHICH HAS BEEN RESPONSIBLE FOR EMPLOYING HOMELESS PEOPLE AND THEREFORE GIVING THEM INCOME TO SURVIVE, ENABLING VICTIMS OF ECONOMIC PLIGHT TO FIND SHELTER. THE HOMELESS VOICE NEWSPAPER IS THE MEANS BY WHICH WE ADVOCATE ON BEHALF OF THE HOMELESS POPULATION AND EDUCATE THE PUBLIC AS TO THE TRUE NATURE OF HOMELESSNESS AND WAYS WE CAN ALL WORK TO ELIMINATE THE BIAS THIS SECTOR OF OUR POPULATION AND HELP EMPOWER THOSE AFFECTED BY HOMELESSNESS TO REGAIN OR MAINTAIN THEIR SELF ESTEEM AND SENSE OF SELF WORTH DURING THEIR TRANSITION THROUGH DIFFICULT TIMES.
    Expenses $991,692 · revenue $869,410
  • COSAC ALSO INDEPENDENTLY FEEDS THE HOMELESS POPULATION IN NEED OF FOOD. THE CLIENTS RECEIVE THREE MEALS A DAY AT ARNOLDS CAFE, NAMED AFTER THE GREAT HOMELESS ADVOCATE ARNOLD ABBOTT. COSAC FOUNDATION DECIDED TO BECOME THE FLORIDA FOOD PANTY. THIS SERVICE HELPS COSAC TO PROVIDE FOOD FOR THOSE NEARLY HOMELESS FAMILIES.0

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
65-0745597
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2015
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Human services (P50)
Assets (IRS master file)
$955,796
Income (IRS master file)
$869,410

Revocation and reinstatement

Exemption revoked
May 15, 2012
Posted by the IRS
February 11, 2013
Reinstated
Effective May 15, 2012

From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$869,410$978,390$955,796XML
990December 2023$670,742$981,785$1,242,687XML
990December 2022$660,635$1,079,899$980,040XML
990December 2021$725,989$1,040,225$1,016,495IRS
990December 2020–––IRS
990December 2017–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 65-0745597).

Questions about COSAC FOUNDATION INC

What is the EIN of COSAC FOUNDATION INC?
The employer identification number (EIN) of COSAC FOUNDATION INC is 65-0745597.
Is COSAC FOUNDATION INC tax-exempt?
Yes. The IRS revoked its exemption on May 15, 2012 and reinstated it effective May 15, 2012.
Are donations to COSAC FOUNDATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does COSAC FOUNDATION INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of COSAC FOUNDATION INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did COSAC FOUNDATION INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of COSAC FOUNDATION INC?
The 990 for the year ended December 31, 2024 names SEAN CONONIE.
Who are the officers and directors of COSAC FOUNDATION INC?
The 990 for the year ended December 31, 2024 lists 3 people; 3 received compensation from the organization, the highest $88,800 (MARK TARGETT, CTO).
How much revenue does COSAC FOUNDATION INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $869,410, expenses of $978,390 and total assets of $955,796 at year end.

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