Darwin And Lorene Cole Foundation Inc
- Assets
- $0.0
- Revenue
- $161.2k
- Investments
- $2.0m
- Employees
- 0
- Location
- Phillipsburg, KS
- Founding
- 07/2003
- Data as of
- 09/2020
- EIN
- 48-1241511
Organization Overview
Darwin And Lorene Cole Foundation Inc is located in Phillipsburg, KS. The organization was established in 2003. 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. Darwin And Lorene Cole 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 09/2020, Darwin And Lorene Cole Foundation Inc generated $161.2k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.9%) each year. All expenses for the organization totaled $193.7k during the year ending 09/2020. As we would expect to see with falling revenues, expenses have declined by (9.4%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2020
Describe the Organization's Program Activity:
Part 3 - Line 4a
CITY OF PHILLIPSBURG-AIRPORT GRANT.
PL CO COMMUNITY FOUNDATION-EQUIPMENT/GRANTS.
PL/RO COUNTY EXTENSION-ROOF FOR 4-H BUILDING
PHILLIPSBURG RURAL FIRE DIST #1 - EQUIPMENT GRANT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Denis W Miller Treasurer | 2 | $4,070 | |
Sarah E Corman Secretary | 2 | $4,070 | |
Louis Beyerlein Director | 1 | $4,070 | |
Mike Gower President | 1 | $4,070 | |
Chris Davis Director | 1 | $4,070 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $663 |
| Dividends & Interest | $28,332 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,334 |
| Total Revenue | $161,229 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $20,870 |
| Pension plans, employee benefits | $0 |
| Depreciation | $13,382 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $112,102 |
| Contributions, gifts, grants paid | $81,603 |
| Total expenses and disbursements | $193,705 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,225 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,954,512 |
| Other assets | $196 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
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Brent Eley Center Inc Aurora, CO | $0 | $0 |
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The Piton Foundation Denver, CO | $212,611,882 | $13,782,087 |
Ssb Charitable Foundation Colorado Springs, CO | $10,867,168 | $21,135,487 |
Joseph W Craft Iii Foundation Tulsa, OK | $111,776,138 | $19,434,208 |
The Hagan Scholarship Foundation Columbia, MO | $259,194,852 | $64,132,818 |
The Cielo Foundation Boulder, CO | $91,518,762 | $7,665,188 |