Coffman-Levi Charitable Trust Inc
- Assets
- $9.0m
- Revenue
- $5.4m
- Investments
- $2.6m
- Employees
- 0
- Location
- Adams, NE
- Founding
- 08/1988
- Data as of
- 06/2023
- EIN
- 47-0690851
Organization Overview
Coffman-Levi Charitable Trust Inc is located in Adams, NE. The organization was established in 1988. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Coffman-Levi Charitable Trust Inc 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 06/2023, Coffman-Levi Charitable Trust Inc generated $5.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $5.2m during the year ending 06/2023. While expenses have increased by 3.2% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATE AND MAINTAIN A FACILITY FOR THE LONG-TERM CARE, COMFORT, AND MAINTENANCE OF THE ELDERLY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Max Gramann Chairman | 2 | $1,250 | |
Wes Siefkes Board Member | 2 | $450 | |
Chris Gramann Board Member | 2 | $875 | |
Ronald Sutter Board Member | 2 | $875 | |
Julie Kealy Secretary | 2 | $875 | |
Kili Krauter Director Of Nursing | 40 | $89,010 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $105,578 |
| Interest on Savings | $35,701 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,246 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $5,274,356 |
| Total Revenue | $5,417,881 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $4,325 |
| Other employee salaries and wages | $2,794,802 |
| Pension plans, employee benefits | $278,927 |
| Interest | $0 |
| Taxes | $215,529 |
| Depreciation | $242,757 |
| Occupancy | $119,454 |
| Travel, conferences, and meetings | $17,510 |
| Printing and publications | $2,071 |
| Other expenses | $1,492,573 |
| Total operating and administrative expenses | $5,184,628 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $5,184,628 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,559,002 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $530,999 |
| 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 | $2,570,011 |
| Net Land, buildings, and equipment | $4,364,693 |
| Other assets | $3,700 |
| Total assets | $9,028,405 |
| Accounts payable and accrued expenses | $382,820 |
| 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 | $29,580 |
| Total liabilities | $412,400 |