Collis Foundation
- Assets
- $46.3m
- Revenue
- $10.9m
- Investments
- $45.3m
- Employees
- 0
- Location
- Providence, RI
- Founding
- 06/1997
- Data as of
- 12/2021
- EIN
- 06-1472006
The information for Collis Foundation is as of the organization's most recent filing in December '21. This organization is located in Providence, RI. It has been in existence for 24 years, following its founding in 1997.
Organization Classification
The IRS classifies organizations according to the National Taxonomy of Exempt Entities (NTEE) system. The NTEE system helps the IRS assign a 3-character code to each organization to describe the organization's activities.
The Collis Foundation's NTEE code is T22, which indicates that it falls under the category of Philanthropy, Voluntarism & Grantmaking Foundations. As a Private Independent Foundation, the Collis Foundation focuses on making grants based on charitable endowments. Unlike some other foundations, they do not actively raise funds or seek public financial support. Private Independent Foundations are typically endowed by a single individual or family and are considered family foundations if relatives or the original donor are still involved in the foundation's operations. The Collis Foundation is also classified as a 501(c)(3) organization under the Internal Revenue Code, indicating that it is engaged in Religious, Educational, Charitable, Scientific, Literary, Public Safety, Amateur Sports, or Prevention of Cruelty to Children or Animals work.
Grant History
Our dataset includes five years of grant history for the Collis Foundation. Over these five years, they have awarded a total of 61 grants, with an average check size of $73,866. On average, the foundation awards 12 grants each year. The majority of their grants were awarded in the Education sector, with a total of 21 grants. They have also awarded grants in the Arts, Culture & Humanities sector (4) and Medical Research sector (1). In terms of geographical distribution, the Collis Foundation has awarded the highest number of grants in Rhode Island (36), followed by Connecticut (10), Massachusetts (6), New York (4), and Florida (4). They have also awarded one grant in Washington, D.C.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Astrid C Womble Director & President | 10 | $0 | |
Elfriede A Collis Director | 0 | $0 | |
Frohman Anderson Director & Secretary | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $5,038,429 |
| Interest on Savings | $0 |
| Dividends & Interest | $486,167 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,719,735 |
| Capital Gain Net Income | $3,719,735 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,616,369 |
| Total Revenue | $10,860,700 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $128,955 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $357,906 |
| Total operating and administrative expenses | $677,316 |
| Contributions, gifts, grants paid | $933,000 |
| Total expenses and disbursements | $1,610,316 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $954,281 |
| Savings and temporary cash investments | $0 |
| 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 | $45,324,977 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $46,279,258 |
| 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, Collis Foundation has awarded $933,000 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
HASBRO CHILDREN'S HOSPITAL PURPOSE: PEDIBRIDGE CLINIC | $500,000 |
SAN MIGUEL EDUCATION CTR PURPOSE: GENERAL OPERATING SUPPORT | $180,000 |
Providence, RI PURPOSE: GENERAL OPERATING SUPPORT; MB BELIEVES CAMPAIGN | $110,000 |
Boynton Beach, FL PURPOSE: GENERAL OPERATING SUPPORT | $100,000 |
North Palm Beach, FL PURPOSE: SUPPORT FOR THE SCHOOL | $15,000 |
Providence, RI PURPOSE: SUPPORT FOR THE SCHOOL | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
High Meadows Foundation Boston, MA | $7,499,132 | $11,021,494 |
Synchrony Foundation Stamford, CT | $74,474,766 | $12,637,293 |
Gavin Foundation Inc South Boston, MA | $19,688,054 | $21,343,242 |
Jp Fletcher Foundation Inc Cambridge, MA | $29,829,221 | -$3,521,275 |
Dalio Foundation Inc Westport, CT | $1,484,061,978 | $687,569,757 |
Seedlings Foundation Branford, CT | $139,526,871 | $5,281,922 |
Allen H & Selma W Berkman Charitable Trust Boston, MA | $738,750 | $104,320 |
Hausman Family Charitable Trust Boston, MA | $21,872,992 | $4,694,416 |
George I Alden Trust Worcester, MA | $212,050,748 | $45,527,501 |
Dolphin Charitable Foundation Boston, MA | $0 | -$101,763 |
Wagner Foundation Boston, MA | $0 | $16,483,558 |
Cedar Tree Foundation Inc Boston, MA | $119,892,393 | $12,564,904 |