Coleman Foundation Inc
- Assets
- $207.7m
- Revenue
- $53.8m
- Investments
- $200.5m
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 07/1979
- Data as of
- 12/2021
- EIN
- 36-3025967
Organization Overview
Coleman Foundation Inc is located in Chicago, IL. The organization was established in 1979. 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. Coleman 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 12/2021, Coleman Foundation Inc generated $53.8m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 44.7% each year . All expenses for the organization totaled $10.7m during the year ending 12/2021. While expenses have increased by 6.5% 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.
Since 2019, Coleman Foundation Inc has awarded 540 individual grants totaling $36,424,422. 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 |
|---|---|---|---|
Shelley A Davis President | 45 | $257,616 | |
Rosa Berardi Senior Program Offic | 40 | $196,453 | |
Clark A Mccain Senior Program Offic | 40 | $159,588 | |
Thomas D Trinley CFO & Treasurer | 45 | $157,896 | |
Elizabeth M Torres Grants Manager | 40 | $91,550 | |
Erin M Fleming Executive Asst. & Of | 40 | $77,250 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Dana Investment Advisors | 12/30/21 | $245,987 |
Wcm Investment Management | 12/30/21 | $235,854 |
Pinnacle Associates Ltd | 12/30/21 | $130,832 |
Clifford Financial Consulting Inc | 12/30/21 | $124,999 |
Capacity For Change Llc | 12/30/21 | $87,434 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $2,852,370 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $49,602,984 |
| Capital Gain Net Income | $49,602,984 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,366,664 |
| Total Revenue | $53,822,018 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $613,262 |
| Other employee salaries and wages | $511,840 |
| Pension plans, employee benefits | $339,313 |
| Interest | $0 |
| Taxes | $397,699 |
| Depreciation | $48,462 |
| Occupancy | $113,996 |
| Travel, conferences, and meetings | $4,641 |
| Printing and publications | $0 |
| Other expenses | $201,828 |
| Total operating and administrative expenses | $3,522,871 |
| Contributions, gifts, grants paid | $7,214,998 |
| Total expenses and disbursements | $10,737,869 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,276,816 |
| Savings and temporary cash investments | $3,300,007 |
| 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 | $43,211 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $14,987,593 |
| Net Land, buildings, and equipment | $222,043 |
| Other assets | $322,993 |
| Total assets | $207,697,809 |
| Accounts payable and accrued expenses | $453,037 |
| Grants payable | $820,230 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $881,279 |
| Total liabilities | $2,154,546 |
Grants Awarded
Over the last fiscal year, Coleman Foundation Inc has awarded $8,746,618 in support to 169 organizations.
| Grant Recipient | Amount |
|---|---|
Chicago, IL PURPOSE: ENTREPRENEURSHIP - GENERAL OPERATING SUPPORT | $500,000 |
Forest Park, IL PURPOSE: INTELLECTUAL & DEVELOPMENTAL DISABILITIES - CAPITAL SUPPORT | $400,000 |
Arlington Heights, IL PURPOSE: INTELLECTUAL & DEVELOPMENTAL DISABILITIES - PROGRAM SUPPORT | $300,000 |
Chicago, IL PURPOSE: HEALTH AND REHABILITATION - PROGRAM SUPPORT | $276,000 |
Alsip, IL PURPOSE: INTELLECTUAL & DEVELOPMENTAL DISABILITIES - PROGRAM SUPPORT | $250,000 |
MICHAEL REESE HEALTH TRUST PURPOSE: HEALTH AND REHABILITATION - PROGRAM SUPPORT | $250,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Coleman Foundation Inc has recieved totaling $4,000.
| Awarding Organization | Amount |
|---|---|
Organization Name not Listed PURPOSE: INVESTS IN IDEAS AND INITIATIVESTHAT IMPROVE THE LIVES OF INDIVIDUALSIN THE CHICAGO METRO AREA. | | $4,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Abbvie Foundation North Chicago, IL | $72,211,109 | $4,010,058 |
Hall Family Foundation Kansas City, MO | $1,171,646,854 | $87,869,006 |
Caterpillar Foundation Peoria, IL | $93,606,659 | $54,411,827 |
Circle Of Service Foundation Chicago, IL | $697,372,085 | $55,153,209 |
Allstate Foundation Northbrook, IL | $112,475,932 | $31,277,614 |
William R Kenan Jr Charitable Trust Chicago, IL | $564,490,046 | $137,606,226 |
Polk Bros Foundation Inc Chicago, IL | $329,136,356 | $57,050,478 |
Pritzker Foundation Chicago, IL | $0 | $47,756,040 |
Trott Family Foundation Chicago, IL | $0 | $2,395,873 |
Anthem Foundation Inc Indianapolis, IN | $153,394,091 | $25,472,782 |
U S Bancorp Foundation Milwaukee, WI | $68,350,907 | $6,892,078 |
Manton Foundation Chicago, IL | $499,091,994 | $69,635,634 |