Sam L Cohen Foundation
- Assets
- $27.6m
- Revenue
- $2.9m
- Investments
- $26.5m
- Employees
- 0
- Location
- Portland, ME
- Founding
- 09/2005
- Data as of
- 12/2023
- EIN
- 20-2262822
Organization Overview
Sam L Cohen Foundation is located in Portland, ME. The organization was established in 2005. 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. Sam L Cohen 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, Sam L Cohen Foundation generated $2.9m in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $3.1m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Sam L Cohen Foundation has awarded 917 individual grants totaling $21,253,914. 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 |
|---|---|---|---|
Jerome F Goldberg ESQ Director, Chair | 10 | $18,500 | |
Edward K Simensky CPA Director, Treasurer | 2 | $15,000 | |
Jeffrey A Nathanson ESQ Director, President | 10 | $18,500 | |
Sherry P Broder ESQ Director, Secretary | 2 | $15,000 | |
John Shoos Executive Director | 40 | $150,226 | |
Dana Baldwin Senior Program Offic | 40 | $96,500 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Prime Buchholz | 12/30/15 | $75,000 |
Sanderson Asset Management Inc | 12/30/15 | $51,229 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $681,324 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $319,866 |
| Capital Gain Net Income | $319,866 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,898,260 |
| Total Revenue | $2,899,450 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $217,226 |
| Other employee salaries and wages | $153,125 |
| Pension plans, employee benefits | $45,782 |
| Interest | $44,722 |
| Taxes | $34,801 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $20,802 |
| Printing and publications | $0 |
| Other expenses | $80,089 |
| Total operating and administrative expenses | $758,207 |
| Contributions, gifts, grants paid | $2,316,223 |
| Total expenses and disbursements | $3,074,430 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $93,029 |
| Savings and temporary cash investments | $936,277 |
| 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 | $11,137,741 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $27,561,144 |
| 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, Sam L Cohen Foundation has awarded $2,316,223 in support to 112 organizations.
| Grant Recipient | Amount |
|---|---|
ACORN PRODUCTIONS PURPOSE: MAINE PLAYWRIGHT FESTIVAL YOUTH PLAYWRITING PROGRAMS | $5,000 |
AVESTA HOUSING DEVELOPMENT CORPORATION PURPOSE: HOUSING TRANSITION SUPPORT FOR HIGH NEED RESIDENTS | $15,000 |
APEX YOUTH CONNECTION PURPOSE: APEX FUTURE FOCUS CENTER | $20,000 |
CHABAD LUBAVITCH OF MAINE INC PURPOSE: OPERATION SUPPORT | $6,000 |
CONGREGATION ETZ CHAIM PURPOSE: OPERATING SUPPORT | $15,000 |
HABITAT FOR HUMANITY YORK COUNTY PURPOSE: WEATHERIZATION/AGING IN PLACE | $10,000 |