John Coyne Foundation
- Assets
- $3.5m
- Revenue
- $7.4m
- Investments
- $2.9m
- Employees
- 0
- Location
- Laguna Beach, CA
- Founding
- Data as of
- 12/2023
- EIN
- 86-1938953
Organization Overview
John Coyne Foundation is located in Laguna Beach, CA. 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. John Coyne 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, John Coyne Foundation generated $7.4m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 39.8% each year . All expenses for the organization totaled $2.6m during the year ending 12/2023. While expenses have increased by 42.9% per year over the past 3 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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PDF Copies of 990 Filings
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $4,886,841 |
| Interest on Savings | $0 |
| Dividends & Interest | $75,354 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,452,484 |
| Capital Gain Net Income | $2,452,484 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $3,286 |
| Total Revenue | $7,417,965 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $26,449 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $30 |
| Total operating and administrative expenses | $54,593 |
| Contributions, gifts, grants paid | $2,586,574 |
| Total expenses and disbursements | $2,641,167 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $554,990 |
| 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 | $2,941,440 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,496,430 |
| 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, John Coyne Foundation has awarded $2,586,574 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
TEAM IRELAND MOTORSPORT FOUNDATION PURPOSE: FOSTERING AMATEUR SPORTS | $2,186,550 |
ORANGE COUNTRY UNITED WAY PURPOSE: GENERAL PURPOSE | $149,877 |
THE IRELAND FUNDS AMERICA PURPOSE: GENERAL PURPOSE | $250,147 |