Coleman Family Foundation Inc
- Assets
- $11.0m
- Revenue
- $1.9m
- Investments
- $6.6m
- Employees
- 0
- Location
- Pittsburg, KS
- Founding
- 01/2002
- Data as of
- 12/2022
- EIN
- 43-1947299
Organization Overview
Coleman Family Foundation Inc is located in Pittsburg, KS. The organization was established in 2002. 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. Coleman 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 12/2022, Coleman Family Foundation Inc generated $1.9m 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 (7.5%) each year. All expenses for the organization totaled $3.2m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Coleman Family Foundation Inc has awarded 123 individual grants totaling $6,941,963. 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 |
|---|---|---|---|
H Richard Coleman President/treasurer/director | 1 | $0 | |
Faith P Coleman Vice-President/director | 0 | $0 | |
Marcia Sorrick Secretary/director | 3 | $0 | |
Lori E Altom Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,500,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $336,973 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $36,480 |
| Capital Gain Net Income | $36,480 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $127 |
| Total Revenue | $1,873,580 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $13,721 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $81,165 |
| Total operating and administrative expenses | $100,981 |
| Contributions, gifts, grants paid | $3,086,263 |
| Total expenses and disbursements | $3,187,244 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $4,389,911 |
| 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 | $10,974,578 |
| 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, Coleman Family Foundation Inc has awarded $3,086,263 in support to 49 organizations.
| Grant Recipient | Amount |
|---|---|
PITTSBURG STATE UNIVERSITY FOUNDATION INC PURPOSE: NURSING SIMULATION HOSPITAL | $1,000,000 |
UNIVERSITY OF MINNESOTA FOUNDATION PURPOSE: 3M/COLEMAN FAMILY FOUNDATION SCHOLARSHIP | $250,000 |
CLEVELAND CLINIC INDIAN RIVER FOUNDATION PURPOSE: PHILANTHROPY AT WORK FUND | $10,000 |
PITTSBURG STATE UNIVERSITY FOUNDATION INC PURPOSE: COLEMAN FAMILY MECHANICAL ENGINEERING TECHNOLOGY ENDOWED SCHOLARSHIP | $200,000 |
PITTSBURG STATE UNIVERSITY FOUNDATION PURPOSE: SILVERBACK SCHOLARSHIP AND ADMINISTRATION FUND | $16,500 |
MT CARMEL FOUNDATION PURPOSE: ANNUAL FUND RAISER | $10,000 |