Griffin-Cole Fund
- Assets
- $93.1m
- Revenue
- $57.7m
- Investments
- $89.4m
- Employees
- 0
- Location
- New York, NY
- Founding
- 11/1998
- Data as of
- 07/2023
- EIN
- 13-7109406
Organization Overview
Griffin-Cole Fund is located in New York, NY. The organization was established in 1998. 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. Griffin-Cole Fund 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 07/2023, Griffin-Cole Fund generated $57.7m in total revenue. All expenses for the organization totaled $5.2m during the year ending 07/2023. While expenses have increased by 22.8% per year over the past 4 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christopher A Cole Trustee | 1 | $0 | |
Barbara Griffin Cole Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Goldman Sachs & Co Llc | 7/30/22 | $91,032 |
Neuberger Berman Trust | 7/30/22 | $54,439 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $50,771,465 |
| Interest on Savings | $103,152 |
| Dividends & Interest | $1,152,783 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $5,378,827 |
| Capital Gain Net Income | $5,378,827 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $301,246 |
| Total Revenue | $57,707,473 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $73,512 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,250 |
| Total operating and administrative expenses | $233,245 |
| Contributions, gifts, grants paid | $5,012,650 |
| Total expenses and disbursements | $5,245,895 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $504,831 |
| Savings and temporary cash investments | $3,146,791 |
| 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 | $75,324,933 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1,797 |
| Total assets | $93,065,320 |
| 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 |