The Coca-Cola Foundation Inc
- Assets
- $309.6m
- Revenue
- $128.6m
- Investments
- $224.0m
- Employees
- 0
- Location
- Atlanta, GA
- Founding
- 08/1984
- Data as of
- 12/2023
- EIN
- 58-1574705
Organization Overview
The Coca-Cola Foundation Inc is located in Atlanta, GA. The organization was established in 1984. 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. Coca-Cola 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, Coca-Cola Foundation Inc generated $128.6m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 20.5% each year . All expenses for the organization totaled $96.7m during the year ending 12/2023. While expenses have increased by 2.0% 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 2020, Coca-Cola Foundation Inc has awarded 1,724 individual grants totaling $482,593,924. 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
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Beatriz Perez Chair/director | 5 | $0 | |
John Murphy Treasurer | 1 | $0 | |
Robert J Jordan Asst Treasurer,gen Tax Counsel | 1 | $0 | |
Mark Harris Asst Treasurer,gen Tax Counsel | 1 | $0 | |
Alfredo Rivera President, North America Ou | 1 | $0 | |
Henrique Braun Secretary | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Lion's Head Global Partners Llp | 12/30/23 | $0 |
Cea Consulting | 12/30/23 | $0 |
Cea Consulting | 12/30/23 | $284,472 |
Smartsimple | 12/30/23 | $0 |
Lion's Head Global Partners Llp | 12/30/23 | $200,000 |
Smartsimple | 12/30/23 | $56,156 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $120,000,000 |
| Interest on Savings | $122,102 |
| Dividends & Interest | $10,248,887 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$1,799,405 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $128,571,584 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $210,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $849,105 |
| Contributions, gifts, grants paid | $95,888,203 |
| Total expenses and disbursements | $96,737,308 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,166,480 |
| Savings and temporary cash investments | $80,449,032 |
| Net Accounts receivable | $11,309 |
| 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 | $309,608,071 |
| 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 Coca-Cola Foundation Inc has awarded $115,134,236 in support to 281 organizations.
| Grant Recipient | Amount |
|---|---|
1001FONTAINES PURPOSE: 1001FONTAINES CAMBODIA EXPANSION | $200,000 |
ACCION INTERNATIONAL PURPOSE: FROM ACCESS TO RESILIENCE: PROMOTING THE GROWTH OF SMALL BUSINESSES | $600,000 |
ACCION OPPORTUNITY FUND PURPOSE: STRENGTHENING WOMEN'S ENTREPRENEURSHIP | $300,000 |
ACTED PURPOSE: PLASTICS: PROMOTING WASTE COLLECTION AND RECYCLING IN THE WESTERN PROVINCE OF SRI LANKA | $149,760 |
AGNES SCOTT COLLEGE PURPOSE: REMOVING THE COVID-19 HEIGHTENED BARRIERS TO THE EDUCATIONAL ATTAINMENT AND PROFESSIONAL SUCCESS OF COLLEGE-GOING WOMEN | $250,000 |
AKTI PROJECT AND RESEARCH CENTRE PURPOSE: ZERO WASTE HORECA MALTA | $170,000 |