Colfax Foundation Inc
- Assets
- $277.3k
- Revenue
- $3.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Schuyler, NE
- Founding
- 11/1991
- Data as of
- 12/2023
- EIN
- 47-0739824
Organization Overview
Colfax Foundation Inc is located in Schuyler, NE. The organization was established in 1991. 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. Colfax Foundation 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 12/2023, Colfax Foundation Inc generated $3.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (7.2%) each year. All expenses for the organization totaled $24.3k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (6.9%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Colfax Foundation Inc has awarded 18 individual grants totaling $258,636. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL SCHOLARSHIPS SEVERAL DIFFERENT SCHOLARSHIP ENDOWMENTS BENEFITING GRADUATES OF COLFAX COUNTY, NEBRASKA, HIGH SCHOOLS.
CONTRIBUTIONS TO VARIOUS CHARITABLE ORGANIZATIONS FOR SPECIFIED PURPOSES TO ASSIST IN LOCAL FUNCTIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Randall Hrouda Trustee/dire | 0 | $0 | |
Jessica L Yost Trustee/dire | 0 | $0 | |
Amy Didier Secretary | 0 | $0 | |
Fran Sobota Treasurer | 0 | $0 | |
Holly Hild President | 0 | $0 | |
Art Lindberg Vice-Preside | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $400 |
| Interest on Savings | $2,679 |
| 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 | $593 |
| Total Revenue | $3,672 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $42 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $51 |
| Total operating and administrative expenses | $1,828 |
| Contributions, gifts, grants paid | $22,500 |
| Total expenses and disbursements | $24,328 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $122,611 |
| Savings and temporary cash investments | $154,654 |
| 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 | $277,265 |
| 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, Colfax Foundation Inc has awarded $21,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
COLFAX COUNTY K-9 FUND PURPOSE: ASSIST WITH EXPENSES FOR K-9 | $1,000 |
EDUCATIONAL SCHOLARSHIPS PURPOSE: EDUCATIONAL | $18,000 |
PATHWAY FUND PURPOSE: ASSIST WITH COMMUNITY IMPROVEMENT | $2,000 |