Copen Family Foundation
- Assets
- $538.1k
- Revenue
- $92.0k
- Investments
- $457.2k
- Employees
- 0
- Location
- Charlotte, NC
- Founding
- 09/2001
- Data as of
- 12/2021
- EIN
- 55-0779472
Organization Overview
Copen Family Foundation is located in Charlotte, NC. The organization was established in 2001. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Copen Family 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, Copen Family Foundation generated $92.0k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 18.6% each year . All expenses for the organization totaled $62.8k during the year ending 12/2021. While expenses have increased by 6.9% per year over the past 5 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.
Since 2018, Copen Family Foundation has awarded 29 individual grants totaling $165,500. 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
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Berridge L Copen President | 0.5 | $0 | |
Noel P Copen Vice Pres. | 0.5 | $0 | |
Mark B Copen Assistant | 0.5 | $0 | |
Tiffany M Copen Assistant | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $25 |
| Interest on Savings | $0 |
| Dividends & Interest | $12,200 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $79,090 |
| Capital Gain Net Income | $79,090 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $652 |
| Total Revenue | $91,967 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $87 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $6,197 |
| Total operating and administrative expenses | $7,839 |
| Contributions, gifts, grants paid | $55,000 |
| Total expenses and disbursements | $62,839 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $80,660 |
| 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 | $251 |
| Total assets | $538,080 |
| 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, Copen Family Foundation has awarded $55,000 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
Woodberry Forest, VA PURPOSE: ANNUAL FUND GRANT AND PERSONAL DEVELOPMENT GRANT | $30,000 |
FIRST PRESBYTERIAN CHURCH OF CHARLOTTE PURPOSE: SUMMER CAMP PROGRAM AND OPERATING FUND GRANT | $6,000 |
Delray Beach, FL PURPOSE: MUSIC PROGRAM GRANT,OPERATING FUND GRANT AND CAPITAL CAMPAIGN GRANT | $6,000 |
Lexington, VA PURPOSE: LAW SCHOOL FUND | $3,000 |
West Palm Beach, FL PURPOSE: OPERATING FUND GRANT | $2,000 |
UNIVERSITY OF CINCINNATI PURPOSE: SCHOLARSHIP GRANT | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Willis And Reba Johnsons Foundation Franklin, TN | $17,058,167 | $2,077,347 |
James W And Frances Gibson Mcglothlin Foundation Bristol, VA | $55,479,136 | $5,807,937 |
John Rex Endowment Raleigh, NC | $72,005,406 | $10,264,844 |
Blake Family Foundation Inc Atlanta, GA | $54,641,915 | $13,537,530 |
St Marys United Methodist Church Foundation Inc Saint Marys, GA | $38,808,441 | $1,300,375 |
Nagrodsky Family Foundation Charleston, SC | $7,938,380 | $247,514 |
R Harold And Patsy Harrison Foundation Inc Brookhaven, GA | $31,730,871 | $2,128,634 |
National Association Of Chapter 13 Trustees Columbia, SC | $849,459 | $1,212,204 |
John Dustin Buckman Charitable Trust Memphis, TN | $21,180,469 | $1,024,757 |
W O And Ann Powers Foundation Inc Florence, SC | $6,582,081 | $44,065 |
Hugo Dixon Foundation Memphis, TN | $20,406,138 | $1,401,485 |
Om Charitable Tr Of Usa Lebanon, TN | $987,131 | $2,115,299 |