Natalie Cole Foundation
- Assets
- $9.6m
- Revenue
- $661.2k
- Investments
- $7.7m
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 03/2004
- Data as of
- 12/2023
- EIN
- 27-0078993
Organization Overview
Natalie Cole Foundation is located in Los Angeles, CA. 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. Natalie Cole Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2018, Natalie Cole Foundation has awarded 32 individual grants totaling $1,443,196. 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 |
|---|---|---|---|
Howard Grossman President | 1 | $0 | |
Eduardo Pabellon Secretary/cfo | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $50,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $263,496 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$37,618 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $385,347 |
| Total Revenue | $661,225 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $10,669 |
| Depreciation | $900 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $14,728 |
| Printing and publications | $0 |
| Other expenses | $30,315 |
| Total operating and administrative expenses | $275,999 |
| Contributions, gifts, grants paid | $738,040 |
| Total expenses and disbursements | $1,014,039 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $55,395 |
| Savings and temporary cash investments | $1,895,801 |
| Net Accounts receivable | $14,665 |
| 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 | $2,106,481 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $9,375 |
| Total assets | $9,642,461 |
| 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 | $236,818 |
| Total liabilities | $236,818 |
Grants Awarded
Over the last fiscal year, Natalie Cole Foundation has awarded $738,040 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
NAT KING COLE GENERATION HOPE INC PURPOSE: PROGRAM SUPPORT OF MUSIC EDUCATION FOR CHILDREN IN NEED. | $155,000 |
CONNECTING TO CURE CROHNS AND COLITIS PURPOSE: PROGRAM SUPPORT OF RESEARCH TO CURE CROHNS DISEASE AND IRRITABLE BOWEL SYNDROME. | $10,000 |
SWEET RELIEF MUSICIANS FUND PURPOSE: PROGRAM SUPPORT OF FINANCIAL ASSISTANCE TO ALL TYPES OF CAREER MUSICIANS AND MUSIC INDUSTRY WORKERS WHO ARE STRUGGLING TO MAKE ENDS MEET WHILE FACING PHYSICAL OR MENTAL HEALTH ISSUES, DISABILITY, OR AGE-RELATED PROBLEMS. | $75,000 |
GRAMMY MUSEUM FOUNDATION INC PURPOSE: PROGRAM SUPPORT OF MISSION IS TO EXPLORE AND CELEBRATE THE ENDURING LEGACIES OF THE CREATIVE PROCESS BEHIND ALL FORMS OF MUSIC THROUGH IMMERSIVE AND INTERACTIVE EXHIBITS AND ESSENTIAL MUSIC EDUCATION PROGRAMS. | $250,000 |
CITY OF HOPE PURPOSE: PROGRAM SUPPORT OF OVARIAN CANCER INITIATIVE. | $35,500 |
THE JUDY FUNDALZHEIMER'S ASSOCIATION PURPOSE: PROGRAM SUPPORT TO END ALZHEIMER'S AND ALL OTHER DEMENTIA - BY ACCELERATING GLOBAL RESEARCH, DRIVING RISK REDUCTION AND EARLY DETECTION, AND MAXIMIZING QUALITY CARE AND SUPPORT. | $12,500 |