Coffman Foundation
- Assets
- $936.0k
- Revenue
- $15.4k
- Investments
- $890.2k
- Employees
- 0
- Location
- Kildeer, IL
- Founding
- 03/1999
- Data as of
- 12/2022
- EIN
- 36-4270565
Organization Overview
Coffman Foundation is located in Kildeer, IL. The organization was established in 1999. 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. Coffman 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, Coffman Foundation generated $15.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (52.7%) each year. All expenses for the organization totaled $85.7k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Coffman Foundation has awarded 42 individual grants totaling $185,000. 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 |
|---|---|---|---|
Darrell Hammond Director, VP | 0.13 | $0 | |
Marcia Hammond Director, Pres | 0.13 | $0 | |
Melissa Rangel Director, Sec'y, Treas | 0.13 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $22,788 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$7,415 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $15,373 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,647 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $123 |
| Total operating and administrative expenses | $15,689 |
| Contributions, gifts, grants paid | $70,000 |
| Total expenses and disbursements | $85,689 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $45,822 |
| 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 | $890,218 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $936,040 |
| 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, Coffman Foundation has awarded $70,000 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
CENTER FOR ENRICHED LIVING PURPOSE: GENERAL | $2,000 |
BLUE & GRAY EDUCATIONAL SOCIETY PURPOSE: GENERALGENERAL | $4,000 |
DRAKE UNIVERSITY PURPOSE: GENERAL | $5,000 |
SUSAN G KOMEN CANCER FUND PURPOSE: GENERALGENERAL | $10,000 |
LAKE FOREST COLLEGE OFFICE OF ANNUAL GIVING PURPOSE: GENERAL | $10,000 |
NORTHERN ILLINOIS FOODBANK PURPOSE: GENERAL | $5,000 |