Milton And Norma Cohen Family Foundation Inc
- Assets
- $3.1m
- Revenue
- $293.1k
- Investments
- $2.7m
- Employees
- 0
- Location
- Atlantic Beach, NY
- Founding
- 07/2001
- Data as of
- 03/2023
- EIN
- 31-1781836
Organization Overview
Milton And Norma Cohen Family Foundation Inc is located in Atlantic Beach, NY. The organization was established in 2001. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Milton And Norma Cohen Family 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 03/2023, Milton And Norma Cohen Family Foundation Inc generated $293.1k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $270.4k during the year ending 03/2023. While expenses have increased by 4.8% per year over the past 8 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.
Since 2015, Milton And Norma Cohen Family Foundation Inc has awarded 297 individual grants totaling $1,265,440. 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 |
|---|---|---|---|
Norma M Cohen Vice President | 4 | $0 | |
Bruce E Cohen President | 8 | $13,500 | |
Jodie B Glickman Treasurer | 8 | $13,500 | |
Laura T Miller Secretary | 8 | $13,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $4,302 |
| Dividends & Interest | $98,184 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $180,467 |
| Capital Gain Net Income | $180,467 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $10,117 |
| Total Revenue | $293,070 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $40,500 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,810 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $36,229 |
| Total operating and administrative expenses | $89,450 |
| Contributions, gifts, grants paid | $180,995 |
| Total expenses and disbursements | $270,445 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $328,693 |
| 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 | $214,244 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,054,844 |
| 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, Milton And Norma Cohen Family Foundation Inc has awarded $180,995 in support to 31 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN CANCER SOCIETY PURPOSE: UNRESTRICTED CONTRIBUTION | $1,000 |
COLUMBIA UNIVERSITY MEDICAL CENTER PURPOSE: UNRESTRICTED CONTRIBUTION | $20,000 |
DAMON RUNYAN CANCER RESEARCH FDN PURPOSE: UNRESTRICTED CONTRIBUTION | $1,000 |
PAPANICOLAOU CORPS FOR CANCER RESEA PURPOSE: UNRESTRICTED CONTRIBUTION | $850 |
ST JUDES CHILDRENS RESEARCH HOSPITA PURPOSE: UNRESTRICTED CONTRIBUTION | $500 |
UJA FEDERATION OF NY PURPOSE: UNRESTRICTED CONTRIBUTION | $5,000 |