Coca-Cola Scholars Foundation Inc

Organization Overview

Coca-Cola Scholars Foundation Inc is located in Atlanta, GA. The organization was established in 1986. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 12/2021, Coca-Cola Scholars Foundation Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Coca-Cola Scholars 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 Scholars Foundation Inc generated $31.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 25.8% each year . All expenses for the organization totaled $4.8m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO DEVELOP AN INFLUENTIAL COMMUNITY OF SERVICE-MINDED LEADERS, CONNECTED BY COCA-COLA, WHO POSITIVELY SHAPE THE WORLD.

Describe the Organization's Program Activity:

Part 3 - Line 4a

DURING 2021, THE COCA-COLA SCHOLARS FOUNDATION MADE PAYMENTS TOTALING $2,463,640 FOR THE COCA-COLA SCHOLARS FOUNDATION SCHOLARSHIPS, CRAWFORD T. JOHNSON, III SCHOLARSHIPS, AND CORINTH SCHOLARSHIP. IN 2021, THE COCA-COLA SCHOLARS FOUNDATION ALSO CONTRIBUTED $440,750 TO PHI THETA KAPPA. THESE CONTRIBUTIONS WILL BE USED BY PHI THETA KAPPA AND AACC TO PROVIDE 350 SCHOLARSHIPS TO TWO-YEAR COLLEGE STUDENTS CURRENTLY ENROLLED IN A TWO-YEAR INSTITUTION OR MAKING THE TRANSITION FROM A TWO-YEAR COLLEGE TO A FOUR-YEAR UNIVERSITY.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$25,000
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$29,197,558
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$29,222,558
Total Program Service Revenue$0
Investment income $1,260,183
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $1,116,444
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $31,599,185

Grants Awarded

Over the last fiscal year, Coca-Cola Scholars Foundation Inc has awarded $431,167 in support to 2 organizations.

Grant RecipientAmount

Jackson, MS

|

$400,000

AMERICAN ASSOCIATION OF COMMUNITY COLLEGES

Org PageRecipient Profile

Washington, DC

|

$31,167
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Coca-Cola Scholars Foundation Inc has recieved totaling $8,634.

Awarding OrganizationAmount
American Online Giving Foundation Inc

Newark, DE

PURPOSE: GENERAL SUPPORT

$8,634
View Grant Recipient Profile

Endowment Analysis

Net Contributions$27,833,316
Ending Balance$27,833,316

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