Melvin S Cohen Foundation Inc
- Assets
- $35.2m
- Revenue
- $767.9k
- Investments
- $6.0m
- Employees
- 0
- Location
- Eau Claire, WI
- Founding
- 05/1964
- Data as of
- 12/2022
- EIN
- 39-6075009
Organization Overview
Melvin S Cohen Foundation Inc is located in Eau Claire, WI. The organization was established in 1964. 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. Melvin S Cohen 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, Melvin S Cohen Foundation Inc generated $767.9k 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 (49.7%) each year. All expenses for the organization totaled $2.2m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Melvin S Cohen Foundation Inc has awarded 77 individual grants totaling $9,628,100. 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 |
|---|---|---|---|
Maryjo Cohen President | 1 | $0 | |
Randy F Lieble V Pres, Trea | 0 | $0 | |
Jeff Madson Secretary, D | 0 | $0 | |
Amy Alpine Director | 1 | $0 | |
Melissa Nyhus Asst Sec, As | 10 | $42,040 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $544,202 |
| Dividends & Interest | $223,704 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $767,906 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $42,040 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $14,219 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,010 |
| Total operating and administrative expenses | $58,269 |
| Contributions, gifts, grants paid | $2,105,500 |
| Total expenses and disbursements | $2,163,769 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,216 |
| Savings and temporary cash investments | $29,181,023 |
| 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 | $23,963 |
| Total assets | $35,218,156 |
| 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 | $791 |
| Total liabilities | $791 |
Grants Awarded
Over the last fiscal year, Melvin S Cohen Foundation Inc has awarded $2,105,500 in support to 27 organizations.
| Grant Recipient | Amount |
|---|---|
CAFE MOMENTUM PURPOSE: OPERATING FUNDS | $10,000 |
CENTER FOR INDEPENDENT THOUGHT PURPOSE: OPERATING FUNDS | $200,000 |
YMCA OF THE CHIPPEWA VALLEY PURPOSE: OPERATING FUNDS | $1,000 |
FREE TO CHOOSE NETWORK INC PURPOSE: SCHOLARSHIPS AND OPERATING FUNDS | $160,000 |
MAYO CLINIC PURPOSE: MELANOMA RESEARCH | $310,000 |
HILLSDALE COLLEGE PURPOSE: OPERATING FUNDS | $50,000 |