Coleman Foundation
- Assets
- $3.3k
- Revenue
- $140.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Midland City, AL
- Founding
- 04/2015
- Data as of
- 12/2022
- EIN
- 46-3980009
Organization Overview
Coleman Foundation is located in Midland City, AL. The organization was established in 2015. 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 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 Foundation generated $140.0k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 11.9% each year . All expenses for the organization totaled $140.3k during the year ending 12/2022. While expenses have increased by 10.3% 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 2014, Coleman Foundation has awarded 214 individual grants totaling $1,092,596. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
TROY UNIVERSITY FOUNDATION IS THE GIFT RECEIVING ENTITY FOR TROY UNIVERSITY. ALL GIFTS BENEFIT UNIVERSITY PROGRAMS. THE GIFTS FROM ALUMNI, FRIENDS, BUSINESSES, CORPORATIONS, AND FOUNDATIONS PROVIDE THE FUNDS FOR SPECIAL PROGRAMS, SCHOLARSHIPS, AND EQUIPMENT.
UNIVERSITY OF ALABAMA IS A PUBLIC RESEARCH UNIVERSITY IN TUSCALOOSA, ALABAMA. IT WAS ESTABLISHED IN 1820 AND OPENED TO STUDENTS IN 1831. THE UNIVERSITY IS THE OLDEST AND LARGEST OF THE PUBLIC UNIVERSITIES IN ALABAMA AS WELL AS THE UNIVERSITY OF ALABAMA SYSTEM.
BOY SCOUTS OF AMERICA PROVIDES THE NATION'S FOREMOST YOUTH PROGRAM OF CHARACTER DEVELOPMENT AND VALUES-BASED LEADERSHIP TRAINING, WHICH HELPS YOUNG PEOPLE BE "PREPARED FOR LIFE". THE SCOUTING ORGANIZATION IS COMPOSED OF APPROXIMATELY 2.2 MILLION YOUTH MEMBERS BETWEEN THE AGES OF 5 AND 21 AND APPROXIMATELY 800,000 VOLUNTEERS IN LOCAL COUNCILS THROUGHTOUT THE UNITED STATES AND ITS TERRITORIES.
WIREGRASS UNITED WAY WORKS THROUGHOUT THE YEAR TO RAISE AWARENESS AND FUNDS FOR THE COMMUNITY AND AGENCIES. THEY COORDINATE WORKPLACE CAMPAIGNS WITH HUNDREDS OF EMPLOYEES AND ADVOCATE FOR POSITIVE CHANGE IN THE AREAS OF EDUCATION, INCOME AND HEALTH. THEIR GOAL IS TO CREATE LASTING CHANGES THAT PREVENT PROBELMS FROM HAPPENING IN THE FIRST PLACE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John C Coleman President | 0 | $0 | |
James F Coleman Board Member | 0 | $0 | |
Jeffrey F Coleman Board Member | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $140,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| 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 | $140,000 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $36 |
| Total operating and administrative expenses | $36 |
| Contributions, gifts, grants paid | $140,242 |
| Total expenses and disbursements | $140,278 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,306 |
| Savings and temporary cash investments | $0 |
| 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 | $3,306 |
| 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 Foundation has awarded $140,242 in support to 32 organizations.
| Grant Recipient | Amount |
|---|---|
WALLACE COMMUNITY COLLEGE PURPOSE: SCHOLARSHIPS | $3,500 |
SE ALABAMA COMM THEATRE PURPOSE: PROGRAMS | $7,500 |
ALABAMA-FLORIDA COUNCIL BOY SCOUTS PURPOSE: PROGRAMS | $11,000 |
ALAN F WHOLSTETTER SCHOLARSHIP FUND PURPOSE: SCHOLARSHIPS | $1,000 |
WIREGRASS HABITAT FOR HUMANITY PURPOSE: PROGRAMS | $1,000 |
WIREGRASS CHILDREN'S HOME PURPOSE: PROGRAMS | $3,000 |