Coretz Family Foundation
- Assets
- $59.6m
- Revenue
- $983.8k
- Investments
- $57.5m
- Employees
- 0
- Location
- Tulsa, OK
- Founding
- 12/2004
- Data as of
- 12/2023
- EIN
- 20-1813311
Organization Overview
Coretz Family Foundation is located in Tulsa, OK. The organization was established in 2004. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Coretz Family Foundation 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 12/2023, Coretz Family Foundation generated $983.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (13.6%) each year. All expenses for the organization totaled $3.7m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Coretz Family Foundation has awarded 520 individual grants totaling $19,791,297. 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 |
|---|---|---|---|
Adam M Coretz President | 0 | $0 | |
Mindy R Coretz Vice President | 0 | $0 | |
Amy M Coretz Secretary | 0 | $0 | |
Ryan J Coretz Secretary | 0 | $0 | |
Tyler L Coretz Treasurer | 0 | $0 | |
Robert K Coretz Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,774 |
| Dividends & Interest | $793,791 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $177,550 |
| Capital Gain Net Income | $177,550 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $10,699 |
| Total Revenue | $983,814 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $84,582 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $6,439 |
| Interest | $10,083 |
| Taxes | $52,815 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $9,092 |
| Printing and publications | $0 |
| Other expenses | $295,189 |
| Total operating and administrative expenses | $477,703 |
| Contributions, gifts, grants paid | $3,235,668 |
| Total expenses and disbursements | $3,713,371 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,557,590 |
| 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 | $57,514,744 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $500,730 |
| Total assets | $59,573,064 |
| 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, Coretz Family Foundation has awarded $3,235,668 in support to 58 organizations.
| Grant Recipient | Amount |
|---|---|
36 DEGREES NORTH PURPOSE: PROGRAM RELATED INVESTMENT | $500,000 |
CITY YEAR TULSA PURPOSE: GENERAL OPERATIONS | $260,000 |
ASPEN INSTITUTE PURPOSE: GENERAL OPERATIONS | $335,311 |
EQUAL JUSTICE INITIATIVE PURPOSE: GENERAL OPERATIONS | $257 |
COMMUNITY FOOD BANK PURPOSE: GENERAL OPERATIONS | $70,000 |
FRONTIER MEDIA GROUP PURPOSE: GENERAL OPERATIONS | $10,000 |