The Cole Foundation Inc
- Assets
- $2.2m
- Revenue
- $108.3k
- Investments
- $1.8m
- Employees
- 0
- Location
- Fallston, MD
- Founding
- 08/1995
- Data as of
- 12/2023
- EIN
- 52-1907361
Organization Overview
The Cole Foundation Inc is located in Fallston, MD. The organization was established in 1995. 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. Cole 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, Cole Foundation Inc generated $108.3k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.0% each year. All expenses for the organization totaled $140.0k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Cole Foundation Inc has awarded 320 individual grants totaling $2,059,630. 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 |
|---|---|---|---|
Barbara S Ford President | 0 | $0 | |
Bette Ann Tassone Director | 0 | $0 | |
Beth L Mack Vice Preside | 0 | $0 | |
Ellen L Cole Director | 0 | $0 | |
Bonnie J Cole Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $7,684 |
| Dividends & Interest | $57,201 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $36,374 |
| Capital Gain Net Income | $36,374 |
| Net ST Capital Gain | $3,103 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $6,994 |
| Total Revenue | $108,253 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,880 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $16,329 |
| Total operating and administrative expenses | $23,959 |
| Contributions, gifts, grants paid | $116,000 |
| Total expenses and disbursements | $139,959 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $383,931 |
| 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 | $2,042 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $194,010 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,225,133 |
| Accounts payable and accrued expenses | $728 |
| 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 | $728 |
Grants Awarded
Over the last fiscal year, The Cole Foundation Inc has awarded $116,000 in support to 28 organizations.
| Grant Recipient | Amount |
|---|---|
AARONS ACRES PURPOSE: CAMP FOR DISABLED CHILDREN | $7,000 |
ADDICTION CONNECTIONS RESOURCES PURPOSE: SUPPORTS ADDICTION RECOVERY | $5,000 |
CANINE ASSISTANTS PURPOSE: TO TRAIN AND PLACE SERVICE DOGS | $1,000 |
CARE FOR ALS PURPOSE: ALS CARETAKING | $1,000 |
CENTER FOR HOPE (BALTO CHILD ABUSE PURPOSE: CARE FOR VICTIMS AND PREVENT ABUSE | $1,000 |
CHARHOPE FOUNDATION PURPOSE: SUPPORTS ADDICTION RECOVERY | $7,000 |