Cole Family Foundation
- Assets
- $560.7k
- Revenue
- $15.8k
- Investments
- $555.8k
- Employees
- 0
- Location
- Greensboro, NC
- Founding
- 06/2001
- Data as of
- 04/2023
- EIN
- 56-2227517
Organization Overview
Cole Family Foundation is located in Greensboro, 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. Cole 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 04/2023, Cole Family Foundation generated $15.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (18.4%) each year. All expenses for the organization totaled $26.8k during the year ending 04/2023. As we would expect to see with falling revenues, expenses have declined by (17.2%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Cole Family Foundation has awarded 33 individual grants totaling $818,310. 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
N/A
N/A
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sue W Cole President | 0.25 | $0 | |
Adrienne C Shortridge Director | 0.1 | $0 | |
Suzanne C Yavor Director | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $7,500 |
| Interest on Savings | $0 |
| Dividends & Interest | $16,974 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$8,741 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $28 |
| Total Revenue | $15,761 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,132 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $9,277 |
| Contributions, gifts, grants paid | $17,500 |
| Total expenses and disbursements | $26,777 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,867 |
| Savings and temporary cash investments | $0 |
| 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 | $57,881 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $560,705 |
| 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, Cole Family Foundation has awarded $17,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
FIGHT COLORECTAL CANCER PURPOSE: TO ASSIST IN IMPROVING INFORMED PATIENT SUPPORT, IMPACTFUL POLICY CHANGE, AND BREAKTHROUGH RESEARCH ENDEAVORS. | $10,000 |
FIRST PRESBYTERIAN CHURCH PURPOSE: TO PROVIDE RELIGIOUS SUPPORT FOR THE COMMUNITY AND OTHER RELIGIOUS EFFORTS. | $7,500 |