Cowart Family Charitable Foundation
- Assets
- $1.0m
- Revenue
- $302.9k
- Investments
- $340.4k
- Employees
- 0
- Location
- Nashville, TN
- Founding
- 04/2016
- Data as of
- 12/2022
- EIN
- 81-1018726
Organization Overview
Cowart Family Charitable Foundation is located in Nashville, TN. The organization was established in 2016. 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. Cowart Family Charitable 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 12/2022, Cowart Family Charitable Foundation generated $302.9k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 26.0% each year .
Since 2018, Cowart Family Charitable Foundation has awarded 26 individual grants totaling $218,350. 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 |
|---|---|---|---|
Richard Cowart Director/president | 1 | $0 | |
Claire Haltom Director/vice President | 1 | $0 | |
Rebecca Cowart Director/secretary/treasur | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $204,928 |
| Interest on Savings | $0 |
| Dividends & Interest | $8,155 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $89,796 |
| Capital Gain Net Income | $89,796 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $302,879 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,583 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,796 |
| Total operating and administrative expenses | $9,197 |
| Contributions, gifts, grants paid | $73,500 |
| Total expenses and disbursements | $82,697 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $182,706 |
| Savings and temporary cash investments | $0 |
| 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 | $500,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $340,403 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,023,109 |
| 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, Cowart Family Charitable Foundation has awarded $73,500 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
ANDREW JACKSON FOUNDATION PURPOSE: TO FURTHER EXEMPT PURPOSE | $8,500 |
LIPSCOMB UNIVERISTY PURPOSE: TO FURTHER EXEMPT PURPOSE | $40,000 |
UNIVERSITY OF MISSISSIPPI PURPOSE: TO FURTHER EXEMPT PURPOSE | $2,000 |
STEPHEN'S CHILDREN PURPOSE: TO FURTHER EXEMPT PURPOSE | $5,000 |
UNIVERSITY OF SOUTHERN MISSISSIPPI PURPOSE: TO FURTHER EXEMPT PURPOSE | $7,500 |
AMERICAN HEALTH LAW ASSOCIATION PURPOSE: TO FURTHER EXEMPT PURPOSE | $2,500 |