William & Hannah Cohen Foundation
- Assets
- $214.4k
- Revenue
- $10.3k
- Investments
- $201.5k
- Employees
- 0
- Location
- Wayne, NJ
- Founding
- 02/1973
- Data as of
- 03/2023
- EIN
- 22-6085831
Organization Overview
William & Hannah Cohen Foundation is located in Wayne, NJ. The organization was established in 1973. 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. William & Hannah 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 03/2023, William & Hannah Cohen Foundation generated $10.3k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 30.1% each year . All expenses for the organization totaled $18.7k during the year ending 03/2023. While expenses have increased by 2.8% per year over the past 7 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
SCHOLARSHIPS PAID DIRECTLY TO COLLEGES ON BEHALF OF QUALIFYING STUDENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
June Veenstra Treasurer | 1 | $0 | |
Dorothy Grimm Director | 1 | $0 | |
Gwenn Levine Director | 1 | $0 | |
Linda Cohn Director | 1 | $0 | |
Liora Schwartz President & CEO | 1 | $0 | |
Ellen Karel Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $7,493 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,833 |
| Capital Gain Net Income | $2,833 |
| Net ST Capital Gain | $277 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $10,326 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $975 |
| Printing and publications | $0 |
| Other expenses | $510 |
| Total operating and administrative expenses | $3,695 |
| Contributions, gifts, grants paid | $15,000 |
| Total expenses and disbursements | $18,695 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $12,885 |
| 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 | $214,375 |
| 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, William & Hannah Cohen Foundation has awarded $15,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
DAVID FALANA PURPOSE: SCHOLARSHIP | $2,500 |
DAVID DANIELS PURPOSE: SCHOLARSHIP | $2,500 |
ANGELICA ARMSTRONG PURPOSE: SCHOLARSHIP | $2,500 |
AMY SERNA PURPOSE: SCHOLARSHIP | $2,500 |
LARKIN GARDEN PURPOSE: SCHOLARSHIP | $2,500 |
LANA PRIESTER PURPOSE: SCHOLARSHIP | $2,500 |