Coffee Foundation Inc
- Assets
- $11.1m
- Revenue
- $1.3m
- Investments
- $10.8m
- Employees
- 0
- Location
- Oklahoma City, OK
- Founding
- 08/2012
- Data as of
- 12/2022
- EIN
- 27-1199171
Organization Overview
Coffee Foundation Inc is located in Oklahoma City, OK. The organization was established in 2012. 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. Coffee Foundation Inc 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, Coffee Foundation Inc generated $1.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (37.1%) each year. All expenses for the organization totaled $481.9k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Coffee Foundation Inc has awarded 90 individual grants totaling $1,157,862. 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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Virgil Coffee Director/president | 0.5 | $0 | |
Glenn Coffee Director/secretary | 0.5 | $0 | |
Logan Coffee Director | 0.5 | $0 | |
Justin Coffee Director | 0.5 | $0 | |
Matt Benjamin Director | 0.5 | $0 | |
Kent Melton Director/treasurer | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $87,979 |
| Interest on Savings | $1,259 |
| Dividends & Interest | $494,070 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $672,237 |
| Capital Gain Net Income | $672,237 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $7,090 |
| Total Revenue | $1,262,635 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $20,431 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $74,354 |
| Total operating and administrative expenses | $146,092 |
| Contributions, gifts, grants paid | $335,810 |
| Total expenses and disbursements | $481,902 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $294,029 |
| 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 | $11,107,073 |
| 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, Coffee Foundation Inc has awarded $335,810 in support to 35 organizations.
| Grant Recipient | Amount |
|---|---|
AVANT MINISTRIES PURPOSE: MISSIONS | $1,200 |
BILLY GRAHAM EVANGELISTIC ASSOCIATION PURPOSE: MISSIONS | $6,500 |
CHARLESTON BAPTIST ASSOCIATION PURPOSE: MISSIONS | $4,250 |
CHRISTIAN BUSINESS MEN'S CONNECTION PURPOSE: MISSIONS | $1,200 |
CHRISTIAN CHALLENGE - CA PURPOSE: MISSIONS | $12,500 |
CHRISTIAN CHALLENGE - CO PURPOSE: MISSIONS | $3,250 |