Cole Foundation Trust
- Assets
- $827.9k
- Revenue
- $5.5k
- Investments
- $799.9k
- Employees
- 0
- Location
- Mobile, AL
- Founding
- 06/2006
- Data as of
- 12/2022
- EIN
- 56-2547408
Organization Overview
Cole Foundation Trust is located in Mobile, AL. The organization was established in 2006. 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. Cole Foundation Trust 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, Cole Foundation Trust generated $5.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (25.4%) each year. All expenses for the organization totaled $52.0k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Cole Foundation Trust has awarded 50 individual grants totaling $276,000. 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 |
|---|---|---|---|
Katherine Vance Trustee | 0.1 | $0 | |
Laura Jc Menard Trustee | 0.1 | $0 | |
Roger E Cole Trustee | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $20,690 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$15,212 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $5,478 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,704 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $429 |
| Total operating and administrative expenses | $15,996 |
| Contributions, gifts, grants paid | $36,000 |
| Total expenses and disbursements | $51,996 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8 |
| Savings and temporary cash investments | $27,999 |
| 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 | $827,891 |
| 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 Foundation Trust has awarded $36,000 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
MEMORIAL TRUST OF THE NSCDA IN ALABAMA PURPOSE: OPERATIONS | $1,000 |
CHILD ADVOCACY CENTER PURPOSE: OPERATIONS | $3,000 |
GULF SHORES FIRE & RESCUE PURPOSE: OPEN WATER LIFEGUARD DETAIL | $500 |
NATURE CONSERVANCY IN ALABAMA PURPOSE: OPERATIONS | $9,000 |
ORANGE BEACH FIRERESCUE PURPOSE: MOLLY'S PATROL FOR SWIM FINS/EQUIPMENT | $500 |
ST BENEDICTS'S EPISCOPAL CHURCH PURPOSE: OPERATIONS | $9,000 |