Gene R Cohen Charitable Foundation
- Assets
- $862.2k
- Revenue
- $135.1k
- Investments
- $753.9k
- Employees
- 0
- Location
- Portland, ME
- Founding
- 05/1994
- Data as of
- 12/2022
- EIN
- 22-3075611
Organization Overview
Gene R Cohen Charitable Foundation is located in Portland, ME. The organization was established in 1994. According to its NTEE Classification (G20) the organization is classified as: Birth Defects & Genetic Diseases, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gene R Cohen Charitable 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 12/2022, Gene R Cohen Charitable Foundation generated $135.1k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 15.8% each year . All expenses for the organization totaled $71.3k during the year ending 12/2022. While expenses have increased by 2.5% 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.
Since 2015, Gene R Cohen Charitable Foundation has awarded 61 individual grants totaling $223,849. 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 |
|---|---|---|---|
Charles E Miller ESQ Trustee | 0.5 | $0 | |
Jonathan S Cohen Trustee | 0.13 | $0 | |
Scott A Cohen Trustee | 0.13 | $0 | |
William S Busker Trustee | 0.13 | $0 | |
Greyson Cohen Trustee | 0.13 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $9,737 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $125,365 |
| Capital Gain Net Income | $125,365 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $135,102 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,623 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1 |
| Total operating and administrative expenses | $46,322 |
| Contributions, gifts, grants paid | $25,000 |
| Total expenses and disbursements | $71,322 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $63,242 |
| Savings and temporary cash investments | $45,000 |
| 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 | $0 |
| Total assets | $862,183 |
| 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, Gene R Cohen Charitable Foundation has awarded $25,000 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
GEORGE WASHINGTON UNIVERSITY PURPOSE: GRANT | $1,000 |
HILLEL OF SOUTHERN MAINE PURPOSE: GRANT | $1,000 |
JEWISH COMMUNITY ALLIANCE PURPOSE: GRANT | $1,000 |
MAINE COLLEGE OF ART PURPOSE: GRANT | $1,000 |
PINE TREE LEGAL ASSISTANCE INC PURPOSE: GRANT | $1,000 |
UNIVERSITY OF SOUTHERN MAINE FOUNDATION PURPOSE: GRANT | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Elmhurst Inc Bath, ME | $9,051,988 | $4,272,185 |
National Organization For Albinism And Hypopigmentation East Hampstead, NH | $687,813 | $589,541 |
Our Promise To Nicholas Foundation Bedford, NH | $216,161 | $0 |
Gene R Cohen Charitable Foundation Portland, ME | $862,183 | $135,102 |
Natalie W And Leo E Wolf Foundation Newbury, NH | $597,281 | $76,012 |
Penobscot Cerebral Palsy Foundation Bangor, ME | $0 | $95,309 |