Collings Foundation
- Assets
- $27.9m
- Revenue
- $1.0m
- Investments
- $3.7m
- Employees
- 0
- Location
- Hudson, MA
- Founding
- 01/1979
- Data as of
- 11/2023
- EIN
- 04-2658294
Organization Overview
Collings Foundation is located in Hudson, MA. The organization was established in 1979. 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. Collings 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 11/2023, Collings Foundation generated $1.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (53.2%) each year. All expenses for the organization totaled $11.8m during the year ending 11/2023. 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
THE FOUNDATION PROVIDED FUNDING FOR THE VIEWING AND DEMONSTRATION OF SEVERAL VIETNAM ERA ARTIFACTS F-4D PHANTOM UH-1E BELL HELICOPTER TA-4J SKYHAWK A-1E SKYRAIDER AND NORTH AMERICAN F-100F SUPER SABRE IN HOUSTON TEXAS.
THE FOUNDATION CONTINUED TO MAINTAIN ITS COLLECTION OF WORLD WAR II AIRPLANES WHILE PLANNING FUTURE PUBLIC ACCESS TO THE COLLECTION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert F Collings Jr Executive Director | 5.6 | $59,325 | |
Doug Birkey Trustee | 1 | $0 | |
Frank Dworak Trustee | 1 | $0 | |
Gary Lewi Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $140,364 |
| Interest on Savings | $18,287 |
| Dividends & Interest | $12,023 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $8,566 |
| Capital Gain Net Income | $8,566 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $800,050 |
| Other Income | $58,178 |
| Total Revenue | $1,037,468 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $59,325 |
| Other employee salaries and wages | $23,751 |
| Pension plans, employee benefits | $3,731 |
| Interest | $0 |
| Taxes | $1,529 |
| Depreciation | $0 |
| Occupancy | $131,624 |
| Travel, conferences, and meetings | $3,968 |
| Printing and publications | $0 |
| Other expenses | $11,443,898 |
| Total operating and administrative expenses | $11,752,453 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $11,752,453 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,673 |
| Savings and temporary cash investments | $500,000 |
| 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 | $137,611 |
| Net Land, buildings, and equipment | $340,644 |
| Other assets | $23,439,804 |
| Total assets | $27,942,802 |
| Accounts payable and accrued expenses | $3,387 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $149,900 |
| Other liabilities | $10,953,025 |
| Total liabilities | $11,106,312 |