The Cold Heading Foundation
- Assets
- $21.9m
- Revenue
- $919.3k
- Investments
- $21.1m
- Employees
- 0
- Location
- Warren, MI
- Founding
- 10/1968
- Data as of
- 12/2023
- EIN
- 23-7005737
Organization Overview
The Cold Heading Foundation is located in Warren, MI. The organization was established in 1968. 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. Cold Heading 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, Cold Heading Foundation generated $919.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (5.3%) each year. All expenses for the organization totaled $1.4m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Cold Heading Foundation has awarded 177 individual grants totaling $4,505,500. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Derek Stevens President | 8 | $48,000 | |
Elizabeth Stevens Vice-President & Secretary | 8 | $0 | |
Gregory Stevens Treasurer | 8 | $48,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,333 |
| Dividends & Interest | $606,296 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $311,650 |
| Capital Gain Net Income | $311,650 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $919,279 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $96,000 |
| Other employee salaries and wages | $71,050 |
| Pension plans, employee benefits | $12,779 |
| Interest | $0 |
| Taxes | $19,577 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $965 |
| Total operating and administrative expenses | $244,684 |
| Contributions, gifts, grants paid | $1,128,000 |
| Total expenses and disbursements | $1,372,684 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $854,971 |
| 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 | $21,082,351 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $21,937,322 |
| 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, The Cold Heading Foundation has awarded $1,128,000 in support to 49 organizations.
| Grant Recipient | Amount |
|---|---|
ANGELS OF HOPE PURPOSE: TO SUPPORT THE ORGANIZATION'S MISSION | $2,000 |
BAYVIEW YACHT CLUB FOUNDATION PURPOSE: TO SUPPORT THE ORGANIZATION'S MISSION | $10,000 |
BEAUMONT FOUNDATION PURPOSE: TO SUPPORT THE ORGANIZATION'S MISSION | $10,000 |
BECKY WILSON HOLLOWAY FOUNDATION PURPOSE: TO SUPPORT THE ORGANIZATION'S MISSON | $5,000 |
CHILDREN'S CHARITY AT ADIOS PURPOSE: TO SUPPORT THE ORGANIZATION'S MISSION | $47,500 |
DETROIT PAL PURPOSE: TO SUPPORT THE ORGANIZATION'S MISSION | $3,000 |