Cole Family Foundation
- Assets
- $2.4m
- Revenue
- $2.5m
- Investments
- $2.1m
- Employees
- 0
- Location
- New York, NY
- Founding
- 12/1999
- Data as of
- 04/2023
- EIN
- 13-7176155
Organization Overview
Cole Family Foundation is located in New York, NY. The organization was established in 1999. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, 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. Cole Family 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 04/2023, Cole Family Foundation generated $2.5m in total revenue. All expenses for the organization totaled $125.1k during the year ending 04/2023. While expenses have increased by 134.1% per year over the past 7 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 2015, Cole Family Foundation has awarded 48 individual grants totaling $306,000. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kenneth Cole Trustee | 1 | $0 | |
Maria Cuomo Cole Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,397,923 |
| Interest on Savings | $0 |
| Dividends & Interest | $49,067 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $59,546 |
| Capital Gain Net Income | $59,546 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,506,536 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $370 |
| Total operating and administrative expenses | $370 |
| Contributions, gifts, grants paid | $124,750 |
| Total expenses and disbursements | $125,120 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $34,709 |
| Savings and temporary cash investments | $342,405 |
| 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 | $600,000 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,448,032 |
| 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, Cole Family Foundation has awarded $124,750 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
STANFORD UNIVERSITY PURPOSE: IN SUPPORT OF THE DR. WILLIAM H. ROBINSON LAB VIROLOGY RESEARCH FUND | $10,000 |
RETRO REPORT PURPOSE: GENERAL SUPPORT | $2,000 |
UNIVERSITY OF ILLINOIS FOUNDATION PURPOSE: IN SUPPORT OF THE UIC SPH GLOBAL HEALTHY AGING RESEARCH FUND | $5,000 |
THE DOE FUND PURPOSE: IN SUPPORT OF THE MEN OF READY, WILLING & ABLE | $10,000 |
HOSPITAL FOR SPECIAL SURGERY PURPOSE: IN SUPPORT OF THE 38TH ANNUAL TRIBUTE DINNER | $7,500 |
STUDENT LEADERSHIP NETWORK PURPOSE: IN SUPPORT OF STUDENT LEADERSHIP NETWORK'S 25TH ANNIVERSARY CELEBRATION | $25,000 |