Peter C And Emajean Cook Foundation
- Assets
- $48.4m
- Revenue
- $5.3m
- Investments
- $36.4m
- Employees
- 0
- Location
- Grand Rapids, MI
- Founding
- 10/1987
- Data as of
- 12/2021
- EIN
- 38-2752251
Organization Overview
Peter C And Emajean Cook Foundation is located in Grand Rapids, MI. The organization was established in 1987. 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. Peter C And Emajean Cook 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 12/2021, Peter C And Emajean Cook Foundation generated $5.3m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 37.4% each year . All expenses for the organization totaled $4.5m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Peter C And Emajean Cook Foundation has awarded 578 individual grants totaling $15,987,805. 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 |
|---|---|---|---|
Thomas H Claus President/director | 30 | $81,611 | |
Robert D Brower Secretary/director | 0.5 | $0 | |
Carrie L Boer Treasurer/director | 26 | $92,635 | |
Becky J Mikowski Tax Accountant | 24 | $76,117 | |
Christina A Garland Accountant | 40 | $79,884 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Stifel Nicolaus & Companyinc | 12/30/22 | $62,922 |
Captrust Financial Advisors | 12/30/22 | $55,534 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $24,083 |
| Dividends & Interest | $658,003 |
| Net Rental Income | $1,481 |
| Net Gain on Sale of Assets | $4,274,787 |
| Capital Gain Net Income | $4,268,429 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $323,873 |
| Total Revenue | $5,299,276 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $175,350 |
| Other employee salaries and wages | $147,840 |
| Pension plans, employee benefits | $124,263 |
| Interest | $0 |
| Taxes | $45,582 |
| Depreciation | $2,028 |
| Occupancy | $39,071 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $49,766 |
| Total operating and administrative expenses | $799,817 |
| Contributions, gifts, grants paid | $3,659,270 |
| Total expenses and disbursements | $4,459,087 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $10,883,722 |
| 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 | $827,637 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,912 |
| Net Investments - land, buildings, equipment | $41,963 |
| Investments—mortgage loans | $0 |
| Investments—other | $9,318,715 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $303,661 |
| Total assets | $48,439,150 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $2,842,000 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $285,000 |
| Total liabilities | $3,127,000 |
Grants Awarded
Over the last fiscal year, Peter C And Emajean Cook Foundation has awarded $5,087,895 in support to 206 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN CANCER SOCIETY PURPOSE: MAKING STRIDES | $3,500 |
AQUINAS COLLEGE PURPOSE: SCHOLARSHIP | $1,500 |
AMERICARES PURPOSE: UKRAINE CRISIS | $2,000 |
AFTERWORD MUSIC MINISTRY PURPOSE: PRISON MINISTRY | $15,000 |
ARMED FORCES THANKSGIVING PURPOSE: EVENT SPONSOR | $2,500 |
ARTPRIZE PURPOSE: SPONSORSHIP | $25,000 |