Olive A Coates Charitable Tr
- Assets
- $4.1m
- Revenue
- $404.8k
- Investments
- $3.1m
- Employees
- 0
- Location
- Portland, ME
- Founding
- 01/2000
- Data as of
- 12/2022
- EIN
- 01-6149204
Organization Overview
Olive A Coates Charitable Tr is located in Portland, ME. The organization was established in 2000. 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. Olive A Coates 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 12/2022, Olive A Coates Charitable Tr generated $404.8k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.1% each year . All expenses for the organization totaled $471.0k during the year ending 12/2022. While expenses have increased by 7.9% 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.
Since 2016, Olive A Coates Charitable Tr has awarded 48 individual grants totaling $2,236,918. 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 |
|---|---|---|---|
Hm Payson Co Trustee | 1 | $39,179 | |
Richard A Mckittrick Trustee | 1 | $9,938 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $125,456 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $279,306 |
| Capital Gain Net Income | $279,306 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $404,762 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $49,117 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $12,979 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $62,871 |
| Contributions, gifts, grants paid | $408,112 |
| Total expenses and disbursements | $470,983 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,633 |
| Savings and temporary cash investments | $916,350 |
| 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 | $557,154 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,059,833 |
| 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, Olive A Coates Charitable Tr has awarded $408,112 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
FIVE TOWN CSD PURPOSE: PROVIDE FINANCIAL ASSIST TO | $51,014 |
CAMDEN AREA DISTRICT NURSING PURPOSE: GENERAL PURPOSE | $51,014 |
QUARRY HILL PURPOSE: GENERAL PURPOSE | $51,014 |
COASTAL OPPORTUNITIES PURPOSE: GENERAL PURPOSE | $51,014 |
SELECT BOARD TOWN OF CAMDEN PURPOSE: AID SENIOR CITIZENS, | $153,042 |
PAWS ANIMAL ADOPTION CENTER PURPOSE: GENERAL PURPOSE | $51,014 |