James J Colt Foundation Inc
- Assets
- $4.1m
- Revenue
- $109.0k
- Investments
- $2.1m
- Employees
- 0
- Location
- New York, NY
- Founding
- 01/1954
- Data as of
- 12/2022
- EIN
- 13-6112997
Organization Overview
James J Colt Foundation Inc is located in New York, NY. The organization was established in 1954. 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. James J Colt Foundation Inc 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 12/2022, James J Colt Foundation Inc generated $109.0k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 12.7% each year . All expenses for the organization totaled $361.2k during the year ending 12/2022. While expenses have increased by 4.6% per year over the past 4 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.
Since 2019, James J Colt Foundation Inc has awarded 173 individual grants totaling $1,174,500. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrew H Weiss President/secretary | 0 | $0 | |
Vaughan Heard Director | 0 | $0 | |
Karen Heard Director | 0 | $0 | |
Robert Rand Director | 0 | $0 | |
Susan Teicher Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $54,509 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $54,490 |
| Capital Gain Net Income | $54,490 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $108,999 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,076 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,700 |
| Total operating and administrative expenses | $6,276 |
| Contributions, gifts, grants paid | $354,900 |
| Total expenses and disbursements | $361,176 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,960,673 |
| 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 | $96,975 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $6,127 |
| Total assets | $4,092,986 |
| 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 |
Grants Awarded
Over the last fiscal year, James J Colt Foundation Inc has awarded $354,900 in support to 51 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN RED CROSS OF LONG ISLAND PURPOSE: TO ACHIEVE CHARITABLE PURPOSE | $3,000 |
ARDSLEY HIGH SCHOOL PURPOSE: TO ACHIEVE CHARITABLE PURPOSE | $2,000 |
BLAIR ACADEMY PURPOSE: TO ACHIEVE CHARITABLE PURPOSE | $5,000 |
ALZHEIMERS FOUNDATION OF AMERICA PURPOSE: TO ACHIEVE CHARITABLE PURPOSE | $1,000 |
BROOKLYN COLLEGE FOUNDATION PURPOSE: TO ACHIEVE CHARITABLE PURPOSE | $10,000 |
DESMOID TUMOR RESEARCH PURPOSE: TO ACHIEVE CHARITABLE PURPOSE | $2,500 |