Cote Foundation
- Assets
- $556.4k
- Revenue
- $34.8k
- Investments
- $550.9k
- Employees
- 0
- Location
- Edina, MN
- Founding
- 12/2005
- Data as of
- 12/2023
- EIN
- 20-3671669
Organization Overview
Cote Foundation is located in Edina, MN. The organization was established in 2005. 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. Cote Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2014, Cote Foundation has awarded 65 individual grants totaling $393,327. 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
NOT APPLICABLE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert C Cote Executive Director | 2 | $0 | |
Carolyn Jones Trustee | 2 | $0 | |
James Randolph Cote Trustee | 2 | $0 | |
Kelly Cote Jasper Trustee | 2 | $0 | |
Samual Ruggles Cote Trustee | 2 | $0 | |
Mary C Boos Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $6,598 |
| Dividends & Interest | $12,744 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $15,490 |
| Capital Gain Net Income | $15,490 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $34,832 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $298 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $99 |
| Total operating and administrative expenses | $13,387 |
| Contributions, gifts, grants paid | $40,500 |
| Total expenses and disbursements | $53,887 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,481 |
| Savings and temporary cash investments | $2,064 |
| 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 | $556,416 |
| 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, Cote Foundation has awarded $40,500 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
BRIDGES OF HOPE PURPOSE: GENERAL ASSISTANCE | $5,000 |
GABRIELS ANGELS PURPOSE: GENERAL ASSISTANCE | $5,000 |
FRIENDS OF SAGUARO NATIONAL PARK PURPOSE: GENERAL ASSISTANCE | $3,000 |
KINSHIP PARTNERS PURPOSE: GENERAL ASSISTANCE | $10,000 |
LAKES AREA FOOD SHELF PURPOSE: GENERAL ASSISTANCE | $1,000 |
YOUTH FRONTIERS PURPOSE: GENERAL ASSISTANCE | $10,000 |