Cotsen Foundation For The Art Of Teaching
- Assets
- $271.4m
- Revenue
- $25.1m
- Investments
- $262.5m
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 11/1985
- Data as of
- 06/2021
- EIN
- 95-3953038
Organization Overview
Cotsen Foundation For The Art Of Teaching is located in Los Angeles, CA. The organization was established in 1985. 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. Cotsen Foundation For The Art Of Teaching 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 06/2021, Cotsen Foundation For The Art Of Teaching generated $25.1m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 16.2% each year . All expenses for the organization totaled $10.7m during the year ending 06/2021. While expenses have increased by 7.9% per year over the past 5 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.
Since 2015, Cotsen Foundation For The Art Of Teaching has awarded 430 individual grants totaling $38,707,428. 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 |
|---|---|---|---|
Jerold Harris Executive Director | 40 | $202,420 | |
Barry Munitz President/ceo | 20 | $197,208 | |
Barbara Golding Associate Director | 40 | $132,244 | |
Christopher Quirarte Sr. Program Officer | 40 | $108,340 | |
Kamyab Hashemi-Nejad Chief Financial Officer | 40 | $108,150 | |
Angela Bae Sr. Program Officer | 40 | $107,330 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sharon D Sutton | 6/29/21 | $60,046 |
Catherine Awsumb Nelson | 6/29/21 | $63,113 |
Green Hasson & Janks Llp | 6/29/21 | $57,750 |
Cotsen Family Office Llc | 6/29/21 | $623,294 |
Jp Morgan Chase Bank Na | 6/29/21 | $324,761 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $14,784,845 |
| Interest on Savings | $2,607 |
| Dividends & Interest | $4,560,434 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $5,706,460 |
| Capital Gain Net Income | $5,107,764 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $4,651 |
| Total Revenue | $25,058,997 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $507,778 |
| Other employee salaries and wages | $1,173,559 |
| Pension plans, employee benefits | $340,193 |
| Interest | $0 |
| Taxes | $1,395,819 |
| Depreciation | $4,493 |
| Occupancy | $591,820 |
| Travel, conferences, and meetings | $11,943 |
| Printing and publications | $0 |
| Other expenses | $1,330,136 |
| Total operating and administrative expenses | $6,588,330 |
| Contributions, gifts, grants paid | $4,093,312 |
| Total expenses and disbursements | $10,681,642 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,000 |
| Savings and temporary cash investments | $7,122,672 |
| 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 | $184,504 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $60,149,416 |
| Net Land, buildings, and equipment | $13,478 |
| Other assets | $1,631,674 |
| Total assets | $271,434,245 |
| Accounts payable and accrued expenses | $327,030 |
| Grants payable | $1,757,601 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $2,607,194 |
| Total liabilities | $4,691,825 |
Grants Awarded
Over the last fiscal year, Cotsen Foundation For The Art Of Teaching has awarded $6,497,166 in support to 58 organizations.
| Grant Recipient | Amount |
|---|---|
NORWALK-LA MIRADA UNIFIED SCHOOL DISTRICT PURPOSE: MENTOR PROGRAM | $587,396 |
LOS ANGELES UNIFIED SCHOOL DISTRICT PURPOSE: MENTOR PROGRAM | $574,055 |
FULLERTON SCHOOL DISTRICT PURPOSE: MENTOR PROGRAM | $557,381 |
BUENA PARK SCHOOL DISTRICT PURPOSE: MENTOR PROGRAM | $509,100 |
ROWLAND UNIFIED SCHOOL DISTRICT PURPOSE: MENTOR PROGRAM | $462,339 |
WHITTIER CITY SCHOOL DISTRICT PURPOSE: MENTOR PROGRAM | $445,356 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Stupski Foundation San Francisco, CA | $0 | $134,835,311 |
Wayne & Gladys Valley Charitable Foundation Oakland, CA | $270,742,115 | $3,705,667 |
The Marisla Foundation Laguna Beach, CA | $26,534,095 | $36,043,209 |
Craig H Neilsen Foundation Encino, CA | $489,570,251 | $30,946,732 |
Prostate Cancer Foundation Santa Monica, CA | $62,542,873 | $53,016,750 |
L K Whittier Foundation Pasadena, CA | $0 | $1,423,590 |
Sunlight Giving Palo Alto, CA | $510,624,261 | $22,845,227 |
Ralph M Parsons Foundation Los Angeles, CA | $469,540,445 | $59,827,202 |
Aramont Charitable Foundation Los Angeles, CA | $20,309,665 | $851,850 |
Capital Group Companies Charitable Foundation Irvine, CA | $396,511,503 | $49,953,906 |
Vera R Campbell Foundation Los Angeles, CA | $7,174,886 | $467,590 |
Resnick Foundation Los Angeles, CA | $16,158,618 | $25,090,034 |