Coe College
- Assets
- $26.4m
- Revenue
- $1.0m
- Investments
- $4.0m
- Employees
- 0
- Location
- Cedar Rapids, IA
- Founding
- 08/2013
- Data as of
- 06/2022
- EIN
- 80-0957275
Organization Overview
Coe College is located in Cedar Rapids, IA. The organization was established in 2013. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Coe College 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 06/2022, Coe College generated $1.0m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $678.7k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (5.2%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SERVE THE NEEDS OF COE COLLEGE AS THE SOLE ULTIMATE BENEFICIARY OF THE TRUSTS. PROVIDES FOR THE TRANSFER, USE, BENEFIT, MANAGEMENT, EXPENDITURES & DISTRIBUTION OF THIS PROPERTY AS COE COLLEGE SHALL FROM TIME TO TIME DETERMINE TO BE FOR THE BEST INTEREST AND WELFARE OF THE STUDENTS, FACULTY, STAFF PERSONNEL AND ALUMNI.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING FOR THE TRANSFER, USE, BENEFIT, MANAGEMENT, EXPENDITURES & DISTRIBUTIONS OF THE ATHLETIC FACILITIES PROPERTY AS COE COLLEGE SHALL FROM TIME TO TIME DETERMINE TO BE FOR THE BEST INTEREST AND WELFARE OF THE STUDENTS, FACULTY AND ADMINISTRATIVE PERSONNEL.
PROVIDING FOR THE TRANSFER, USE, BENEFIT, MANAGEMENT, EXPENDITURES & DISTRIBUTION OF THE ALUMNI CENTER BUILDING & PROPERTY AS COE COLLEGE SHALL FROM TIME TO TIME DETERMINE TO BE FOR THE BEST INTEREST AND WELFARE OF THE STUDENTS, FACULTY AND ADMINISTRATIVE PERSONNEL.
PROVIDING FOR THE TRANSFER, USE, BENEFIT, MANAGEMENT, EXPENDITURES & DISTRIBUTION OF THE RACQUET CENTER BUILDING & PROPERTY FOR SUCH RACQUET SPORTS, INCLUDING RACQUETBALL, SQUASH, TENNIS, PLATFORM TENNIS, AEROBICS AND JOGGING AND SUCH OTHER DISCIPLINES RELATING TO PROPER HEALTH, LIFE-STYLES AND PHYSICAL CONDITIONING, AS COE COLLEGE SHALL FROM TIME TO TIME DETERMINE TO BE FOR THE BEST INTEREST AND WELFARE OF THE STUDENTS, FACULTY, STAFF PERSONNEL AND ALUMNI.
SUPPORT OF COE COLLEGE
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Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,000 |
| Total Program Service Revenue | $37,617 |
| Investment income | $613,618 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $323,603 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,002,267 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $290,560 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $56,632 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $4,480 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $140,414 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $678,664 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,107,392 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $115,558 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,567 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $5,694,288 |
| Investments—publicly traded securities | $15,471,242 |
| Investments—other securities | $4,002,568 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $26,392,615 |
| Accounts payable and accrued expenses | $3,499 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $865,416 |
| Total liabilities | $868,915 |
| Net assets without donor restrictions | $5,076,284 |
| Net assets with donor restrictions | $20,447,416 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $26,392,615 |
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|---|---|---|
Robert B Daugherty Foundation Omaha, NE | $895,599,209 | $80,372,150 |
Big Shoulders Fund Chicago, IL | $125,993,936 | $62,883,883 |
Voluntary Interdistrict Choice Corporation Saint Louis, MO | $12,736,595 | $40,180,054 |
Wonderful Foundations Minneapolis, MN | $335,018,950 | $18,325,687 |
Foundation For Educational Services Inc Lincoln, NE | $9,496,243 | $19,971,650 |
Northern School District Tr Nsdt Ashland, WI | $7,100,055 | $19,700,380 |
Plumbers & Steamfitters H & W Trust Iowa State Bank Ttee Des Moines, IA | $75,894,378 | $21,812,028 |
Cristo Rey Network Chicago, IL | $14,102,009 | $11,695,592 |
City Colleges Of Chicago Foundation Chicago, IL | $22,678,364 | $14,327,610 |
Big Ten Academic Alliance Champaign, IL | $13,766,841 | $9,203,675 |
P E O Foundation Des Moines, IA | $140,487,423 | $16,863,604 |
Kidsmart Saint Louis, MO | $4,061,844 | $8,307,759 |