Cole Foundation Tr
- Assets
- $1.7m
- Revenue
- $50.5k
- Investments
- $1.6m
- Employees
- 0
- Location
- Wellsboro, PA
- Founding
- 06/1991
- Data as of
- 12/2022
- EIN
- 25-6339152
Organization Overview
Cole Foundation Tr is located in Wellsboro, PA. The organization was established in 1991. 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. Cole Foundation Tr 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 12/2022, Cole Foundation Tr generated $50.5k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (1.2%) each year. All expenses for the organization totaled $146.1k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Cole Foundation Tr has awarded 42 individual grants totaling $548,034. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PURPOSE OF THE FOUNDATION IS TO IMPROVE THE SPIRITUAL WELL-BEING OF INDIVIDUALS IN VARIOUS COMMUNITIES. DURING 2022, SEVEN ORGANIZATIONS HAVE BENEFITED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Trustee | 0.25 | $0 | |
Bruce F Eilenberger Trustee | 1 | $0 | |
Vicki L Eilenberger Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $6,087 |
| Dividends & Interest | $44,436 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $92,562 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $50,523 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,067 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $13,633 |
| Contributions, gifts, grants paid | $132,500 |
| Total expenses and disbursements | $146,133 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $96,341 |
| 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 | $70,000 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,742,135 |
| 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 Foundation Tr has awarded $132,500 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
REVIVAL & MISSIONS PURPOSE: SCHOLARSHIP | $20,000 |
LANCASTER COUNTY DAY SCHOOL PURPOSE: FURTHER PROGRAM | $2,500 |
JOHN HOPKINS HOSPITAL PURPOSE: FURTHER PROGRAM | $30,000 |
DAYSPRING CHRISTIAN ACADEMY PURPOSE: AUDIO/VISUAL UPGRADES | $15,000 |
CATCHING DREAMS LLC PURPOSE: FURTHER PROGRAM | $10,000 |
MENTAL HEALTH AMERICA OF EASTERN MISSOURI PURPOSE: HELP LINESUPPORT | $0 |