Steven & Alexandra Cohen Foundation Inc
- Assets
- $527.6m
- Revenue
- $138.2m
- Investments
- $515.8m
- Employees
- 0
- Location
- Stamford, CT
- Founding
- 10/2001
- Data as of
- 12/2023
- EIN
- 06-1627638
Organization Overview
Steven & Alexandra Cohen Foundation Inc is located in Stamford, CT. The organization was established in 2001. 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. Steven & Alexandra Cohen Foundation Inc 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, Steven & Alexandra Cohen Foundation Inc generated $138.2m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 11.8% each year . All expenses for the organization totaled $131.1m during the year ending 12/2023. While expenses have increased by 8.0% per year over the past 3 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 2021, Steven & Alexandra Cohen Foundation Inc has awarded 606 individual grants totaling $451,101,263. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION IS A SPONSOR OF THE LYMEX INNOVATION ACCELERATOR PROGRAM. THE PROGRAM SUPPORTS AND ADVANCES RESEARCH AND INNOVATION IN THE DIAGNOSIS OF LYME DISEASE, WITH THE GOAL OF DELIVERING TRANSFORMATIVE IMPACT ON PATIENTS' QUALITY OF LIFE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven A Cohen VP / Treasurer | 3 | $0 | |
Alexandra M Cohen President / Secretary | 15 | $0 | |
Joshua Cohen Director | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Luminary Labs Llc | 12/30/23 | $407,201 |
Patterson Belknap Webb & Tyler | 12/30/23 | $218,863 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $232,432 |
| Dividends & Interest | $138,000,000 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $138,232,432 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,740,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $47,809 |
| Total operating and administrative expenses | $2,454,209 |
| Contributions, gifts, grants paid | $128,674,204 |
| Total expenses and disbursements | $131,128,413 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $5,509,467 |
| 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 | $515,813,195 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $6,248,000 |
| Total assets | $527,570,662 |
| 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, Steven & Alexandra Cohen Foundation Inc has awarded $186,917,465 in support to 220 organizations.
| Grant Recipient | Amount |
|---|---|
ACE PROGRAMS FOR THE HOMELESS PURPOSE: WORKFORCE DEVELOPMENT | $100,000 |
ADMINISTRATORS OF THE TULANE EDUCATIONAL FUND PURPOSE: THERAPEUTICS | $435,247 |
ADVENTIST HEALTHCARE INC PURPOSE: RESEARCH | $296,971 |
ALLIANCE FOR COMMUNITY EMPOWERMENT INC PURPOSE: HUNGER RELIEF | $25,000 |
AMAZIN' METS FOUNDATION INC PURPOSE: RECREATION & SPORTS | $4,932,904 |
ASSOCIATION TO BENEFIT CHILDREN PURPOSE: YOUTH DEVELOPMENT | $70,000 |