Coleman Foundation
- Assets
- $3.6k
- Revenue
- $30.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Midland City, AL
- Founding
- 04/2015
- Data as of
- 12/2021
- EIN
- 46-3980009
Organization Overview
Coleman Foundation is located in Midland City, AL. The organization was established in 2015. 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. Coleman 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, Coleman Foundation generated $30.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (8.8%) each year. All expenses for the organization totaled $98.8k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Coleman Foundation has awarded 201 individual grants totaling $995,763. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
TROY UNIVERSITY FOUNDATION IS THE GIFT RECEIVING ENTITY FOR TROY UNIVERSITY. ALL GIFTS BENEFIT UNIVERSITY PROGRAMS. THE GIFTS FROM ALUMNI, FRIENDS, BUSINESSES, CORPORATIONS, AND FOUNDATIONS PROVIDE THE FUNDS FOR SPECIAL PROGRAMS, SCHOLARSHIPS, AND EQUIPMENT.
ALABAMA-FLORIDA COUNCIL BOY SCOUTS IS THE TRADITIONAL SCOUTING EXPERIENCE FOR YOUTH IN THE FIFTH GRADE THROUGH HIGH SCHOOL. SERVICE, COMMUNITY ENGAGEMENT AND LEADERSHIP DEVELOPMENT BECOME INCREASINGLY IMPORTANT PARTS OF THE PROGRAM AS YOUTH LEAD THEIR OWN ACTIVITIES AND WORK THEIR WAY TOWARD EARNING SCOUTING'S HIGHEST RANK, EAGLE SCOUT.
WIREGRASS CHILDREN'S HOME PROVIDES A SAFE HAVEN FOR NEGLECTED AND ABUSED CHILDREN THROUGHOUT SEVEN COUNTIES IN THE WIREGRASS AREA OF SOUTHEAST ALABAMA.
WALLACE COMMUNITY COLLEGE FOUNDATION SUPPORTS THE EDUCATIONAL NEEDS OF STUDENTS ON EACH CAMPUS THROUGH SCHOLARSHIP ASSISTANCE. THROUGH THE SCHOLARSHIP PROGRAM, STUDENTS ARE ABLE TO REACH THEIR EDUCATIONAL DREAMS AND ENTER THE WORKFORCE AS PRODUCTIVE CITIZENS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John C Coleman President | 0 | $0 | |
James F Coleman Board Member | 0 | $0 | |
Jeffrey F Coleman Board Member | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $30,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $30,000 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $12 |
| Total operating and administrative expenses | $12 |
| Contributions, gifts, grants paid | $98,767 |
| Total expenses and disbursements | $98,779 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,584 |
| 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 | $3,584 |
| 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, Coleman Foundation has awarded $98,767 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
TROY UNIVERSITY FOUNDATION PURPOSE: SCHOLARSHIPS | $66,667 |
ALABAMA-FLORIDA COUNCIL BOY SCOUTS PURPOSE: PROGRAMS | $12,600 |
Dothan, AL PURPOSE: PROGRAMS | $3,000 |
SE ALABAMA COMM THEATRE PURPOSE: PROGRAMS | $2,500 |
WALLACE COMMUNITY COLLEGE PURPOSE: SCHOLARSHIPS | $2,500 |
VIRGINIA TECH PURPOSE: SCHOLARSHIPS | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Joe C Davis Foundation Nashville, TN | $101,782,891 | $6,182,733 |
Fraser-Parker Foundation Atlanta, GA | $226,420,772 | $14,099,479 |
Paces Foundation Inc Smyrna, GA | $85,397,872 | $9,603,919 |
Ds Foundation Miami, FL | $183,651,055 | $1,385,395 |
The Ma-Ran Foundation Atlanta, GA | $81,838,064 | $4,938,726 |
Day Foundation Memphis, TN | $0 | $13,711,953 |
Clayton Family Foundation Knoxville, TN | $90,913,195 | $17,391,150 |
G Harbaugh Foundation Franklin, TN | $61,708,468 | $12,393,056 |
Altec-Styslinger Foundation Inc Birmingham, AL | $128,305,509 | $25,360,360 |
Elizabeth Morse Genius Foundation Winter Park, FL | $145,557,522 | $11,233,005 |
Daniel Foundation Of Alabama Birmingham, AL | $125,925,900 | $11,135,386 |
Lyndhurst Foundation Inc Chattanooga, TN | $133,731,560 | $17,356,041 |