I L Cohen Foundation Inc
- Assets
- $4.7m
- Revenue
- -$62.9k
- Investments
- $4.5m
- Employees
- 0
- Location
- Elkins Park, PA
- Founding
- 03/1980
- Data as of
- 12/2023
- EIN
- 11-2519664
Organization Overview
I L Cohen Foundation Inc is located in Elkins Park, PA. The organization was established in 1980. 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. I L 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.
Since 2020, I L Cohen Foundation Inc has awarded 257 individual grants totaling $937,392. 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
SUNFLOWER OF PEACE FOUNDATION
OSHER MARIN JCC
EARTH JUSTICE
ANTI-DEFAMATION LEAGUE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Cohen Officer | 0 | $5,000 | |
Philip Cohen Officer | 0 | $5,000 | |
Nancy Cohen Officer | 0 | $5,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,057 |
| Dividends & Interest | $217,371 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$281,310 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | -$62,882 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $15,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $939 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $49,067 |
| Contributions, gifts, grants paid | $231,300 |
| Total expenses and disbursements | $280,367 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $260,900 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,738,322 |
| 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, I L Cohen Foundation Inc has awarded $231,300 in support to 61 organizations.
| Grant Recipient | Amount |
|---|---|
AAMDS INTERNATIONAL FOUNDATION PURPOSE: CHARITABLE | $4,000 |
ACLU FOUNDATION PURPOSE: CHARITABLE | $7,500 |
SHEARITH ISRAEL PURPOSE: CHARITABLE | $5,000 |
SUNFLOWER OF PEACE FOUNDATION PURPOSE: CHARITABLE | $10,000 |
NATIONAL MS SOCIAETY PURPOSE: CHARITABLE | $5,000 |
MUSICOPIA PURPOSE: CHARITABLE | $1,500 |