Coins Foundation
- Assets
- $29.3k
- Revenue
- $40.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Latham, NY
- Founding
- 08/2017
- Data as of
- 12/2021
- EIN
- 26-3749697
Organization Overview
Coins Foundation is located in Latham, NY. The organization was established in 2017. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., 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. Coins 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 12/2021, Coins Foundation generated $40.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (17.9%) each year. All expenses for the organization totaled $40.1k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Larry Sullivan President | 2 | $0 | |
Derek Leaver Vice President | 2 | $0 | |
Richard Werner Treasurer | 2 | $0 | |
Catherine Terwilliger Secretary | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $40,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $40,000 |
| 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 | $79 |
| Total operating and administrative expenses | $79 |
| Contributions, gifts, grants paid | $40,000 |
| Total expenses and disbursements | $40,079 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $29,306 |
| 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 | $29,306 |
| 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, Coins Foundation has awarded $32,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
BETHESDA HOUSE OF SCHENECTADY INC PURPOSE: SUPPORT CAPITAL IMPROVEMENTS (LAUNDRY EQUIPMENT). | $22,000 |
HABITAT FOR HUMANITY CAPITAL DISTRICT PURPOSE: IMPROVING HEALTH AND SANITATION FACILITIES UTILIZED BY THE LOCAL COMMUNITY. ALLEVIATE THE PRESSURE OF HOUSING DUE TO OVER CROWDING AND LACKING BASIC FACILITIES. | $10,000 |