The Coca-Cola Foundation Inc
- Assets
- $328.5m
- Revenue
- $178.4m
- Investments
- $149.0m
- Employees
- 0
- Location
- Atlanta, GA
- Founding
- 08/1984
- Data as of
- 12/2021
- 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 12/2021, Coca-Cola Foundation Inc generated $178.4m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 15.3% each year . All expenses for the organization totaled $108.3m during the year ending 12/2021. While expenses have increased by 6.2% per year over the past 4 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 1,013 individual grants totaling $266,331,958. 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
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Beatriz Perez Chair/director | 5 | $0 | |
Lori George Billingsley Director | 1 | $0 | |
John Murphy Treasurer | 1 | $0 | |
Saadia Madsbjerg President | 30 | $0 | |
Robert J Jordan Asst Treasurer,gen Tax Counsel | 1 | $0 | |
Alfredo Rivera President, North America Ou | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $175,000,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $3,362,222 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $22 |
| Capital Gain Net Income | $564,171 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $4,376 |
| Total Revenue | $178,366,620 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $101,542 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $247,636 |
| Contributions, gifts, grants paid | $108,025,885 |
| Total expenses and disbursements | $108,273,521 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,546,041 |
| Savings and temporary cash investments | $174,927,227 |
| 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 | $328,454,102 |
| 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 $120,275,942 in support to 482 organizations.
| Grant Recipient | Amount |
|---|---|
COCA-COLA FOUNDATION MATCHING GIFTS PROGRAM PURPOSE: 2021 EMPLOYEE MATCH TO CHARITABLE ORGANIZATIONS | $6,079,929 |
Atlanta, GA PURPOSE: CHILDREN'S BEHAVIORAL AND MENTAL HEALTH PREVENTION PROGRAM | $5,000,000 |
UNITED WAY OF MUMBAI PURPOSE: COVID-19 RESPONSE: STOP THE SPREAD - INDIA | $3,600,000 |
FONDS DE DOTATION WIA PHILANTHROPY PURPOSE: JAMII FEMMES - A PAN AFRICAN WOMEN'S EMPOWERMENT PROGRAMME | $2,400,000 |
Arlington, VA PURPOSE: PROJECT LAST MILE STOP THE SPREAD PHASE 2 | $2,157,415 |
Arlington, VA PURPOSE: PROJECT LAST MILE - COVID-19 VACCINE SUPPORT | $2,000,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bank Of America Charitable Foundation Inc Charlotte, NC | $249,985,331 | $549,442,310 |
Duke Endowment Charlotte, NC | $3,374,460,396 | $832,404,504 |
Marcus Foundation Inc Atlanta, GA | $0 | $247,225,335 |
Distribution Cooperative Inc Mcdonough, GA | $32,404,421 | $108,129,645 |
The Coca-Cola Foundation Inc Atlanta, GA | $328,454,102 | $178,366,620 |
Trousdale Foundation Inc Cleveland, TN | $157,578,588 | $76,137,385 |
The United Methodist Retirement Homes Inc Durham, NC | $351,992,425 | $85,120,969 |
The Murray & Sydell Rosenberg Foundation Inc Atlanta, GA | $5,561,714 | $74,985,544 |
Joseph B Whitehead Foundation Atlanta, GA | $148,285,590 | $58,163,845 |
Emergency Assistance Foundation Inc West Palm Beach, FL | $75,784,415 | $87,494,207 |
Winshape Foundation Inc Atlanta, GA | $1,733,664,901 | $22,099,572 |
A Good Name Foundation Inc Atlanta, GA | $709,299,721 | $33,917,740 |