Colet Foundation Limited
- Assets
- $398.5k
- Revenue
- $84.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Austin, TX
- Founding
- 06/1991
- Data as of
- 10/2023
- EIN
- 13-3593839
Organization Overview
Colet Foundation Limited is located in Austin, TX. The organization was established in 1991. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Colet Foundation Limited is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 10/2023, Colet Foundation Limited generated $84.2k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 33.4% each year . All expenses for the organization totaled $73.8k during the year ending 10/2023. While expenses have increased by 1.4% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
"FUNDING OF "COLET FELLOWS" U.S. INSTRUCTOR PROGRAM AT ST. PAUL'S SCHOOL IN LONDON, U.K. (SERVES ~140 STUDENTS ANNUALLY)
"FUNDING OF U.S. UNIVERSITIES APPLICANT SOFTWARE AT ST. PAUL'S SCHOOL IN LONDON, U.K.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Bruder Treasurer | 0 | $0 | |
Simon Strauss President | 0 | $0 | |
Robert Engel Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $75,035 |
| Interest on Savings | $9,146 |
| Dividends & Interest | $11 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $84,192 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $21 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $1,027 |
| Printing and publications | $0 |
| Other expenses | $69,900 |
| Total operating and administrative expenses | $73,823 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $73,823 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $400,990 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | -$2,492 |
| Total assets | $398,498 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |