Colen Family Charitable Tr
- Assets
- $208.4m
- Revenue
- $18.3m
- Investments
- $162.7m
- Employees
- 0
- Location
- Ocala, FL
- Founding
- Data as of
- 03/2023
- EIN
- 83-6802589
Organization Overview
Colen Family Charitable Tr is located in Ocala, FL. According to its NTEE Classification (T23) the organization is classified as: Private Operating 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. Colen Family Charitable Tr 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 03/2023, Colen Family Charitable Tr generated $18.3m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 21.1% each year . All expenses for the organization totaled $4.5m during the year ending 03/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
PLANNING AND CONSTRUCTION OF THE INA A. COLEN ACADEMY, A CHARTER SCHOOL LOCATED IN MARION COUNTY, FLORIDA.
OPERATION AND MANAGEMENT OF THE INA A COLEN ACADEMY PROVIDING EDUCATION SERVICES TO STUDENTS IN KINDERGARTEN- 8TH GRADE IN THE OCALA, FL AREA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kenneth D Colen Trustee | 20 | $0 | |
Rebecca Rogers Executive Dir | 25 | $80,298 | |
Ann Michelle Avery Principal | 40 | $98,957 | |
Autumn Barfield Controller | 20 | $50,087 | |
Carla Joy Mulins Teacher | 40 | $54,636 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ausley Construction Company Llc | 3/30/23 | $8,774,913 |
Circle Square Foundation | 3/30/23 | $198,171 |
Stearns Weaver Miller Weissler Alhadeff | 3/30/23 | $159,880 |
Wannemacher Jensen Architects Inc | 3/30/23 | $164,491 |
Perfection Architectural Systems Llc | 3/30/23 | $516,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $12,010,994 |
| Interest on Savings | $33,644 |
| Dividends & Interest | $4,402,726 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $441,014 |
| Capital Gain Net Income | $441,014 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,388,636 |
| Total Revenue | $18,277,014 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $84,134 |
| Other employee salaries and wages | $1,065,732 |
| Pension plans, employee benefits | $185,953 |
| Interest | $5,936 |
| Taxes | $182,824 |
| Depreciation | $864,780 |
| Occupancy | $448,187 |
| Travel, conferences, and meetings | $12,614 |
| Printing and publications | $0 |
| Other expenses | $1,289,992 |
| Total operating and administrative expenses | $4,536,104 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $4,536,104 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,096,784 |
| Savings and temporary cash investments | $42,280 |
| Net Accounts receivable | $27,556 |
| 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 | $48,316 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $160,191,205 |
| Net Land, buildings, and equipment | $44,016,460 |
| Other assets | $557,013 |
| Total assets | $208,438,791 |
| Accounts payable and accrued expenses | $2,476,062 |
| Grants payable | $0 |
| Deferred revenue | $385 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,476,447 |