Coral Foundation Inc
- Assets
- $276.0k
- Revenue
- $98.7k
- Investments
- $9.9k
- Employees
- 0
- Location
- Spearfish, SD
- Founding
- 11/1968
- Data as of
- 12/2023
- EIN
- 36-6149159
Organization Overview
Coral Foundation Inc is located in Spearfish, SD. The organization was established in 1968. 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. Coral 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 12/2023, Coral Foundation Inc generated $98.7k in total revenue. All expenses for the organization totaled $10.1k during the year ending 12/2023.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE DETAIL ATTACHED
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Linda Schueneman Secretary/treasurer | 0 | $0 | |
John E Schueneman President | 0 | $0 | |
Shane Schueneman Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $75,000 |
| Interest on Savings | $4,151 |
| Dividends & Interest | $529 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $18,985 |
| Capital Gain Net Income | $18,985 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $98,665 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $72 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $155 |
| Total operating and administrative expenses | $2,751 |
| Contributions, gifts, grants paid | $7,300 |
| Total expenses and disbursements | $10,051 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $266,114 |
| 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 | $275,969 |
| 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, Coral Foundation Inc has awarded $7,300 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
DENISE MARIE FLAHERTY MEMORIAL FOUNDATION PURPOSE: GENERAL | $5,000 |
BOY SCOUTS OF AMERICA PURPOSE: GENERAL | $500 |
SPECIAL OLYMPICS OF SOUTH DAKOTA PURPOSE: GENERAL | $100 |
STARLIGHT SKATING CLUB PURPOSE: GENERAL | $1,000 |
RANCH A FOUNDATION PURPOSE: GENERAL | $200 |
CHUTES FOR CHARITY PURPOSE: GENERAL | $500 |