The Cornelius J And Ellen P Coakley Family Foundation Inc
- Assets
- $8.9m
- Revenue
- $241.6k
- Investments
- $8.7m
- Employees
- 0
- Location
- Fairfax, VA
- Founding
- 02/1998
- Data as of
- 12/2022
- EIN
- 54-1851618
Organization Overview
The Cornelius J And Ellen P Coakley Family Foundation Inc is located in Fairfax, VA. The organization was established in 1998. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Cornelius J And Ellen P Coakley Family 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 12/2022, Cornelius J And Ellen P Coakley Family Foundation Inc generated $241.6k 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 (4.7%) each year. All expenses for the organization totaled $150.3k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (12.0%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Cornelius J And Ellen P Coakley Family Foundation Inc has awarded 122 individual grants totaling $3,120,800. 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 |
|---|---|---|---|
Maria Coakley David President, Treasurer, Director | 10 | $0 | |
Cornelius J Coakley Director | 10 | $0 | |
Liam F Coakley Director | 10 | $0 | |
Michael D Coakley Director | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $165,000 |
| Interest on Savings | $2,018 |
| Dividends & Interest | $57,380 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $17,239 |
| Capital Gain Net Income | $17,239 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $241,637 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,633 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $10,980 |
| Total operating and administrative expenses | $17,613 |
| Contributions, gifts, grants paid | $132,650 |
| Total expenses and disbursements | $150,263 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $264,713 |
| 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 | $8,935,630 |
| 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, The Cornelius J And Ellen P Coakley Family Foundation Inc has awarded $132,650 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
KENNEDY CENTER PURPOSE: TO FURTHER THE CHARITABLE PURPOSES | $41,850 |
THE JENNIFER BUSH LAWSON FOUNDATION PURPOSE: TO FURTHER THE CHARITABLE PURPOSES | $5,000 |
WASHINGTON JESUIT ACADEMY PURPOSE: TO FURTHER THE CHARITABLE PURPOSES | $30,000 |
THE LAB SCHOOL PURPOSE: TO FURTHER THE CHARITABLE PURPOSES | $35,000 |
PHOENIX HOUSE PURPOSE: TO FURTHER THE CHARITABLE PURPOSES | $10,000 |
RAYMOND A WOOD FOUNDATION PURPOSE: TO FURTHER THE CHARITABLE PURPOSES | $5,000 |