Colette Foundation
- Assets
- $797.9k
- Revenue
- $27.4k
- Investments
- $362.3k
- Employees
- 0
- Location
- Evanston, IL
- Founding
- 07/2010
- Data as of
- 12/2023
- EIN
- 27-0593512
Organization Overview
Colette Foundation is located in Evanston, IL. 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 12/2023, Colette Foundation generated $27.4k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $67.7k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE COLETTE FOUNDATION HOLDS LAND IN ENFIELD, NH. 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, NH.
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) | Role | Hours | Compensation |
|---|---|---|---|
Michel W Drape Trustee | 0.25 | $30,700 | |
Benjamin T Drape Trustee | 0 | $0 | |
Jackson T Drape Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $87 |
| Dividends & Interest | $23,685 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,872 |
| Capital Gain Net Income | $1,872 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,757 |
| Total Revenue | $27,401 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $30,700 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,539 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2 |
| Total operating and administrative expenses | $49,720 |
| Contributions, gifts, grants paid | $18,000 |
| Total expenses and disbursements | $67,720 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $90,587 |
| 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 | $345,000 |
| Other assets | $0 |
| Total assets | $797,916 |
| 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 |