The S Mason Cole Jr And Lula P Cole Charitable Trust
- Assets
- $2.6m
- Revenue
- $141.9k
- Investments
- $2.5m
- Employees
- 0
- Location
- Williamsburg, VA
- Founding
- 03/2010
- Data as of
- 12/2022
- EIN
- 26-6779458
Organization Overview
The S Mason Cole Jr And Lula P Cole Charitable Trust is located in Williamsburg, VA. The organization was established in 2010. 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. S Mason Cole Jr And Lula P Cole Charitable Trust 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, S Mason Cole Jr And Lula P Cole Charitable Trust generated $141.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (20.2%) each year. All expenses for the organization totaled $317.5k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, S Mason Cole Jr And Lula P Cole Charitable Trust has awarded 161 individual grants totaling $1,323,200. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $14,894 |
| Dividends & Interest | $66,718 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $60,306 |
| Capital Gain Net Income | $60,306 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $141,918 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $39,515 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $971 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $50,965 |
| Contributions, gifts, grants paid | $266,500 |
| Total expenses and disbursements | $317,465 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $123,741 |
| 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 | $2,611,375 |
| 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, The S Mason Cole Jr And Lula P Cole Charitable Trust has awarded $266,500 in support to 31 organizations.
| Grant Recipient | Amount |
|---|---|
PRESERVATION NORTHERN NECK PURPOSE: CHARITABLE | $5,000 |
KILMARNOCK MUSEUM INC PURPOSE: CHARITABLE | $5,000 |
HAMPDEN SYDNEY PURPOSE: SUPPORT | $10,000 |
NORTHERN NECK FAMILY YMCA PURPOSE: CHARITABLE | $4,000 |
LANCASTER VA HISTORICAL SOCIETY PURPOSE: SUPPORT | $5,500 |
FRIENDS OF THE NORTHUMBERLAND COUNTY PURPOSE: SUPPORT | $5,000 |