Owen-Coleman Family Foundation
- Assets
- $383.1k
- Revenue
- $35.8k
- Investments
- $375.2k
- Employees
- 0
- Location
- New Orleans, LA
- Founding
- 03/2003
- Data as of
- 12/2023
- EIN
- 80-0002482
Organization Overview
Owen-Coleman Family Foundation is located in New Orleans, LA. The organization was established in 2003. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Owen-Coleman Family 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 12/2023, Owen-Coleman Family Foundation generated $35.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (21.6%) each year. All expenses for the organization totaled $97.2k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Owen-Coleman Family Foundation has awarded 41 individual grants totaling $1,245,734. 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
THIS ORGANIZATION RECEIVES CONTRIBUTIONS AND DISBURSES THESE RECEIPTS TO OTHER CHARITABLE ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Owen Coleman Trustee | 0 | $0 | |
James J Coleman Jr Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $3 |
| Dividends & Interest | $21,941 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $13,881 |
| Capital Gain Net Income | $13,881 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $35,825 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $403 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $210 |
| Total operating and administrative expenses | $2,228 |
| Contributions, gifts, grants paid | $95,000 |
| Total expenses and disbursements | $97,228 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $7,854 |
| 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 | $383,087 |
| 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, Owen-Coleman Family Foundation has awarded $95,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
CROATION AMERICAN SOCIETY PURPOSE: PROMOTE AND ADVANCE CROATIAN CULTURE | $50,000 |
CATHEDRAL MONTESSORI SCHOOL PURPOSE: SCHOOL SUPPORT | $500 |
NEWPORTFILM PURPOSE: PRESENT HISTORICAL JAZZ AND FOLK FILMS | $5,000 |
AMER FRIENDS OF UNIV COLLEGE OXFORD PURPOSE: SUPPORT EDUCATIONAL ORGANIZATION | $39,500 |