Colette Foundation

Organization Overview

Colette Foundation is located in New London, NH. 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. Colette 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, Colette Foundation generated $73.3k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 42.5% each year . All expenses for the organization totaled $44.6k during the year ending 12/2021. While expenses have increased by 2.8% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990PF Filing

TAX YEAR

2021

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE COLETTE FOUNDATION HOLDS LAND IN ENFIELD, NEW HAMPSHIRE. THE LAND SURROUNDS THE COLETTE TRAIL WHICH IS A NATURE TRAIL ESTABLISHED BY THE BENEFACTOR OF THE FOUNDATION. THE TRAIL IS OPEN TO THE PUBLIC, AND THE FOUNDATION'S INTENT IS TO ENSURE THE CONTINUATION OF THE TRAIL FOR THE BENEFIT OF THE PUBLIC.


THE COLETTE FOUNDATION WILL ALSO MAKE GRANTS AND DONATIONS TO ORGANIZATIONS THAT ARE EXEMPT FROM FEDERAL TAXATION PURSUANT TO IRC SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED. SPECIFICALLY, GRANTS AND DONATIONS WILL BE MADE TO THE COLETTE DRAPE 1982 MEMORIAL SCHOLARSHIP FUND ESTABLISHED AT DARTMOUTH COLLEGE IN HANOVER, NEW HAMPSHIRE.


THE COLETTE FOUNDATION WILL ALSO MAKE GRANTS AND DONATIONS TO ORGANIZATIONS WHOSE MISSION IS TO FOSTER ARTS AND CRAFTS.


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Board, Officers & Key Employees

Name (title)Compensation
James J Cady
Trustee
$1,431
Michel W Drape
Trustee
$0
Benjamin T Drape
Trustee
$0

Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $0
Interest on Savings $34
Dividends & Interest $27,136
Net Rental Income$0
Net Gain on Sale of Assets $46,179
Capital Gain Net Income $46,179
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $0
Total Revenue $73,349

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