Julie & Frank Cohen Family Foundation
- Assets
- $12.9m
- Revenue
- $769.9k
- Investments
- $12.8m
- Employees
- 0
- Location
- Boca Raton, FL
- Founding
- 02/2016
- Data as of
- 12/2022
- EIN
- 47-1174478
Organization Overview
Julie & Frank Cohen Family Foundation is located in Boca Raton, FL. The organization was established in 2016. 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. Julie & Frank Cohen Family 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, Julie & Frank Cohen Family Foundation generated $769.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (16.9%) each year. All expenses for the organization totaled $934.4k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Julie & Frank Cohen Family Foundation has awarded 54 individual grants totaling $4,380,000. 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 |
|---|---|---|---|
Frank Cohen Pres, Dir, Sec, Treas | 1 | $0 | |
Julie Cohen VP | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $400,000 |
| Interest on Savings | $987 |
| Dividends & Interest | $187,767 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $181,179 |
| Capital Gain Net Income | $181,179 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $769,933 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $7,470 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $325 |
| Total operating and administrative expenses | $100,385 |
| Contributions, gifts, grants paid | $834,000 |
| Total expenses and disbursements | $934,385 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $137,914 |
| 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 | $12,930,223 |
| 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, Julie & Frank Cohen Family Foundation has awarded $834,000 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
MEMORIAL SLOAN KETTERING CANCER CENTER PURPOSE: GENERAL OPERATING SUPPORT | $125,000 |
READING PARTNERS PURPOSE: 10 - YEAR ANNIVERSARY CELEBRATION: THE NEXT CHAPTER | $10,000 |
AMERICAN ISRAEL EDUCATION FOUNDATION INC PURPOSE: GENERAL OPERATING SUPPORT | $64,000 |
TAMPA JCC-FEDERATION INC PURPOSE: GENERAL OPERATING SUPPORT | $10,000 |
THE SEVEN HILLS SCHOOLS PURPOSE: THE SEVEN HILLS BUILD.CONNECT.INSPIRE. | $50,000 |
ST MICHAEL LEGAL CENTER FOR WOMAN AND CHILDREN INC PURPOSE: GENERAL OPERATING SUPPORT | $15,000 |