Cosman Family Foundation
- Assets
- $8.0m
- Revenue
- $329.2k
- Investments
- $7.0m
- Employees
- 0
- Location
- Pennington, NJ
- Founding
- 03/2006
- Data as of
- 12/2022
- EIN
- 41-2193117
Organization Overview
Cosman Family Foundation is located in Pennington, NJ. The organization was established in 2006. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Cosman Family 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, Cosman Family Foundation generated $329.2k 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 (16.5%) each year. All expenses for the organization totaled $540.1k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Cosman Family Foundation has awarded 107 individual grants totaling $1,478,000. 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 |
|---|---|---|---|
Sarah Bigelow Soutter Director President | 4 | $0 | |
Michael Julian Cosman Vice President | 2 | $0 | |
Jacquelinne Watkin Cosman Secretary | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $420,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $175,353 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$266,155 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $329,198 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $45,173 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $177 |
| Total operating and administrative expenses | $148,088 |
| Contributions, gifts, grants paid | $392,000 |
| Total expenses and disbursements | $540,088 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $420,157 |
| Savings and temporary cash investments | $506,704 |
| 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 | $4,454,867 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $7,962,084 |
| 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, Cosman Family Foundation has awarded $392,000 in support to 26 organizations.
| Grant Recipient | Amount |
|---|---|
TRUSTEES OF TUFTS COLLEGE PURPOSE: SCHOLARSHIPS | $10,000 |
UNION OF CONCERNED SCIENTISTS INC PURPOSE: UNRESTRICTED GENERAL | $25,000 |
CARE INC PURPOSE: UNRESTRICTED GENERAL | $13,000 |
NATURAL RESOURCES DEFENSE COUNCIL INC PURPOSE: UNRESTRICTED GENERAL | $35,000 |
EARTH ECONOMICS PURPOSE: UNRESTRICTED GENERAL | $60,000 |
SUSTAINABLE PATH FOUNDATION PURPOSE: UNRESTRICTED GENERAL | $20,000 |