Robert H & Monica M Cole Foundation
- Assets
- $3.1m
- Revenue
- $284.4k
- Investments
- $2.6m
- Employees
- 0
- Location
- Knoxville, TN
- Founding
- 01/1978
- Data as of
- 09/2021
- EIN
- 62-6137973
Organization Overview
Robert H & Monica M Cole Foundation is located in Knoxville, TN. The organization was established in 1978. 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. Robert H & Monica M Cole 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 09/2021, Robert H & Monica M Cole Foundation generated $284.4k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.3% each year. All expenses for the organization totaled $374.2k during the year ending 09/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Robert H & Monica M Cole Foundation has awarded 187 individual grants totaling $1,986,450. 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 |
|---|---|---|---|
Home Federal Bank Trustee | 10 | $35,017 | |
Margaret Mckenry Nash Director | 5 | $20,000 | |
James R Mckenry Jr Director | 5 | $20,000 | |
Monica Cole Johnson Director | 10 | $20,000 | |
Sarah Cole Page Director | 5 | $20,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $149,077 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $135,323 |
| Capital Gain Net Income | $135,323 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $284,400 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $115,017 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,448 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $118,665 |
| Contributions, gifts, grants paid | $255,500 |
| Total expenses and disbursements | $374,165 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $489,181 |
| 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 | $3,091,840 |
| 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, Robert H & Monica M Cole Foundation has awarded $255,500 in support to 23 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF TENNESSEE MEDICAL CENTER PURPOSE: OPERATIONAL SUPPORT | $118,000 |
Warrenton, VA PURPOSE: OPERATIONAL SUPPORT | $30,000 |
Gaithersburg, MD PURPOSE: OPERATIONAL EXPENSES | $30,000 |
Flint Hill, VA PURPOSE: OPERATIONAL EXPENSES | $25,000 |
BLUE RIDGE SCHOOL PURPOSE: OPERATIONAL SUPPORT | $12,500 |
SMITHSONIAN LIBRARIES PURPOSE: OPERATIONAL SUPPORT | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Crawford Taylor Foundation St Louis, MO | $738,101,888 | $69,635,068 |
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 |
Jane Woodruff Foundation Inc Atlanta, GA | $0 | $54,999,988 |
Ups Foundation Inc Atlanta, GA | $8,317,427 | $54,799,163 |
Enterprise Holdings Foundation Saint Louis, MO | $398,583,830 | $68,157,541 |
Claws Foundation Reston, VA | $37,055,234 | $1,734,426 |
Rob And Melani Walton Foundation Bentonviille, AR | $541,056,642 | $120,568,910 |