Coil Foundation
- Assets
- $0.0
- Revenue
- $24.7k
- Investments
- $0.0
- Employees
- 0
- Location
- San Francisco, CA
- Founding
- 04/2013
- Data as of
- 12/2020
- EIN
- 27-3360039
Organization Overview
Coil Foundation is located in San Francisco, CA. The organization was established in 2013. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Coil 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 12/2020, Coil Foundation generated $24.7k 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 (28.5%) each year. All expenses for the organization totaled $40.9k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (20.9%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Coil Foundation has awarded 48 individual grants totaling $326,710. 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 |
|---|---|---|---|
Peter Drake Executive Dir. | 10 | $0 | |
Jared Moreno Secretary | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $23,197 |
| Interest on Savings | $0 |
| Dividends & Interest | $16 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,523 |
| Capital Gain Net Income | $1,523 |
| Net ST Capital Gain | $39 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $24,736 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $596 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $206 |
| Total operating and administrative expenses | $18,260 |
| Contributions, gifts, grants paid | $22,600 |
| Total expenses and disbursements | $40,860 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| 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, Coil Foundation has awarded $22,600 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
GRACE CATHEDRAL PURPOSE: TO PROVIDE WORSHIP, CIVIL CONVERSATION AND SERVICE TO MEMBERS OF THE CATHEDRAL AND WORK TO TRANSFORM THEMSELVES AND THE GREATER COMMUNITY. | $15,500 |
SAN FRANCISCO GAY MEN'S CHORUS PURPOSE: TO SPREAD A MESSAGE OF HOPE AND PERSEVERANCE, AND TO RAISE MONEY FOR VITAL ORGANIZATIONS THAT HELP FEED, SHELTER, AND CARE FOR THE SICK. | $1,000 |
OAKLAND INTERFAITH GOSPEL CHOIR PURPOSE: TO SUPPORT PUBLIC PERFORMING ARTS | $1,000 |
TURNOUT PURPOSE: MAXIMIZING THE IMPACT OF VOLUNTEERISM TO STRENGTHEN LGBTQ+ COMMUNITIES | $5,100 |