Coit Family Foundation
- Assets
- $8.0m
- Revenue
- $800.5k
- Investments
- $7.7m
- Employees
- 0
- Location
- Pasadena, CA
- Founding
- 07/1997
- Data as of
- 12/2023
- EIN
- 91-1806333
Organization Overview
Coit Family Foundation is located in Pasadena, CA. The organization was established in 1997. 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. Coit Family 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, Coit Family Foundation generated $800.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (19.2%) each year. All expenses for the organization totaled $663.5k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Coit Family Foundation has awarded 88 individual grants totaling $2,969,144. 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 |
|---|---|---|---|
Ann Coit Goss President | 2 | $0 | |
Susan Coit Secretary | 2 | $0 | |
David Coit Treasurer | 2 | $0 | |
Emily Coit Director | 2 | $0 | |
Holly Coit Director | 2 | $0 | |
Pegine Grayson Executive Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $54,247 |
| Dividends & Interest | $196,013 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $543,706 |
| Capital Gain Net Income | $543,706 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $6,581 |
| Total Revenue | $800,547 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $12,784 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $125,980 |
| Total operating and administrative expenses | $143,539 |
| Contributions, gifts, grants paid | $520,000 |
| Total expenses and disbursements | $663,539 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $268,255 |
| Net Accounts receivable | $17,809 |
| 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 | $579,500 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $8,010,142 |
| Accounts payable and accrued expenses | $10,177 |
| 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 | $81,859 |
| Total liabilities | $92,036 |
Grants Awarded
Over the last fiscal year, Coit Family Foundation has awarded $520,000 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
COMMUNITY TRADITIONAL SCHOOL PURPOSE: TRANSPORTATION SUPPORT FOR THE 2023-24 SCHOOL YEAR | $35,000 |
FRIENDS OF HOPEWELL HOUSE PURPOSE: CARE ASSISTANCE FUND | $30,000 |
OPAL CREEK ANCIENT FOREST CENTER PURPOSE: GENERAL OPERATING SUPPORT | $20,000 |
HIGH DESERT MUSEUM PURPOSE: WILDLIFE CARE & EDUCATIONAL PROGRAMS | $20,000 |
OREGON COAST AQUARIUM PURPOSE: GENERAL OPERATING SUPPORT | $40,000 |
OREGON ENERGY FUND PURPOSE: GENERAL OPERATING SUPPORT | $20,000 |