Cowin Special Account
- Assets
- $801.3k
- Revenue
- $86.7k
- Investments
- $771.2k
- Employees
- 0
- Location
- Birmingham, AL
- Founding
- 04/1979
- Data as of
- 12/2023
- EIN
- 63-0762093
Organization Overview
Cowin Special Account is located in Birmingham, AL. The organization was established in 1979. 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. Cowin Special Account 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, Cowin Special Account generated $86.7k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 5.7% each year. All expenses for the organization totaled $62.9k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Cowin Special Account has awarded 38 individual grants totaling $221,050. 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
NO DIRECT CHARITABLE ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James P Cowin Chairman & Secretary | 0 | $0 | |
Charles T Cowin Vice-Chair | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $55,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $9,560 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $22,176 |
| Capital Gain Net Income | $22,176 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $86,736 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,175 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $58 |
| Total operating and administrative expenses | $4,158 |
| Contributions, gifts, grants paid | $58,700 |
| Total expenses and disbursements | $62,858 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $20,643 |
| Savings and temporary cash investments | $9,502 |
| 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 | $801,329 |
| 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, Cowin Special Account has awarded $58,700 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
FEEDING AMERICA PURPOSE: COMMUNITY/PUBLIC BENEFIT | $200 |
MITCHELLS PLACE PURPOSE: COMMUNITY/PUBLIC BENEFIT | $30,000 |
MAGIC MOMENTS PURPOSE: COMMUNITY/PUBLIC BENEFIT | $1,000 |
NATURE CONSERVANCY OF AL PURPOSE: COMMUNITY/PUBLIC BENEFIT | $10,000 |
TULANE UNIVERSITY PURPOSE: COMMUNITY/PUBLIC BENEFIT | $5,000 |
UNIVERSITY OF THE SOUTH PURPOSE: COMMUNITY/PUBLIC BENEFIT | $10,000 |