R & J Cope Foundation Inc
- Assets
- $428.0k
- Revenue
- $21.7k
- Investments
- $397.9k
- Employees
- 0
- Location
- Milwaukee, WI
- Founding
- 08/2017
- Data as of
- 12/2023
- EIN
- 82-1039876
Organization Overview
R & J Cope Foundation Inc is located in Milwaukee, WI. The organization was established in 2017. 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. R & J Cope Foundation Inc 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, R & J Cope Foundation Inc generated $21.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.0% each year. All expenses for the organization totaled $44.3k during the year ending 12/2023. While expenses have increased by 9.8% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Keith E Lemere President | 4 | $20,000 | |
Franchion K Lemere VP / Treasur | 0.5 | $1,250 | |
Nicholas R Lemere Secretary | 0.5 | $1,250 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $4,737 |
| Dividends & Interest | $12,677 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4,239 |
| Capital Gain Net Income | $4,239 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $21,653 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $22,500 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,934 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $290 |
| Total operating and administrative expenses | $34,307 |
| Contributions, gifts, grants paid | $10,000 |
| Total expenses and disbursements | $44,307 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $30,115 |
| 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 | $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 | $193,946 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $428,044 |
| 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, R & J Cope Foundation Inc has awarded $10,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
GUNDERSEN LUTHERAN MED FD PURPOSE: MEDICAL RESEARCH | $7,500 |
FROEDTERT HOSPITAL FD PURPOSE: MEDICAL RESEARCH | $2,500 |