Cothm Foundation

Organization Overview

Cothm Foundation, operating under the name Stephen Velenchik, is located in Philadelphia, PA. The organization was established in 2006. According to its NTEE Classification (Q31) the organization is classified as: International Agricultural Development, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Stephen Velenchik 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, Stephen Velenchik generated $44.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (25.8%) each year. All expenses for the organization totaled $16.3k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (22.3%) per year over the past 3 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

ORGANIZATION INVESTS DONATIONS TO GENERATE PROFITS TO AID SUPPORT 501 C 3

Describe the Organization's Program Activity:

Part 3 - Line 4a

CONTRIBUTIONS OF GENERATED INVESTMENT INCOME MADE TO CRY OF THE HEART MINISTRIES A 501 C 3 ORGANIZATION , IN THE AMOUNT OF 15852


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$0
Investment income $16,462
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $28,340
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $44,802

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