Coleman Charitable Foundation
- Assets
- $860.4k
- Revenue
- $718.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Georgetown, TX
- Founding
- 09/2017
- Data as of
- 12/2022
- EIN
- 47-3700583
Organization Overview
Coleman Charitable Foundation is located in Georgetown, TX. The organization was established in 2017. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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 Charitable 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 Charitable Foundation generated $718.9k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 30.9% each year . All expenses for the organization totaled $145.6k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Coleman Charitable Foundation has awarded 82 individual grants totaling $417,815. 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
ONE OF THE FOUNDATION'S DIRECTORS SPENDS AN AVERAGE OF 25 HOURS PER WEEK IDENTIFYING AND VISITING UNDERPRIVILEDGED COMMUNITIES IN TEXAS, NEW MEXICO, AND COLORADO IN ORDER TO IDENTIFY GRANTMAKING OPPORTUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Coleman President | 5 | $0 | |
Jason Coleman Vice President & Treasurer | 5 | $0 | |
J Kim Kramer Secretary | 25 | $60,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $718,892 |
| 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 | $718,892 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $60,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $5,952 |
| Interest | $0 |
| Taxes | $4,590 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $5,393 |
| Printing and publications | $0 |
| Other expenses | $2,951 |
| Total operating and administrative expenses | $84,629 |
| Contributions, gifts, grants paid | $60,998 |
| Total expenses and disbursements | $145,627 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $860,351 |
| 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 | $860,351 |
| 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 Charitable Foundation has awarded $60,998 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
AFRICA NEW LIFE MINISTRIES PURPOSE: EXEMPT PURPOSE | $1,272 |
AUSTIN DISASTER RELIEF PURPOSE: EXEMPT PURPOSE | $1,000 |
FLAGSTAFF SHELTER SERVICES PURPOSE: EXEMPT PURPOSE | $2,505 |
MAS COMUNIDAD PURPOSE: EXEMPT PURPOSE | $10,000 |
THE GATHERING PURPOSE: EXEMPT PURPOSE | $10,000 |
THE REFUGE FOR DMST PURPOSE: EXEMPT PURPOSE | $12,591 |