Harry Cohen Foundation Inc
- Assets
- $2.5m
- Revenue
- $46.9k
- Investments
- $2.5m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 12/1961
- Data as of
- 12/2022
- EIN
- 51-6015783
Organization Overview
Harry Cohen Foundation Inc is located in Wilmington, DE. The organization was established in 1961. 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. Harry Cohen 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, Harry Cohen Foundation Inc generated $46.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (9.0%) each year. All expenses for the organization totaled $168.6k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Harry Cohen Foundation Inc has awarded 88 individual grants totaling $1,019,178. 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
THE HARRY COHEN FOUNDATION, INC. HAD NO DIRECT CHARITABLE ACTIVITIES DURING THE TAX YEAR 2022.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert S Cohen President | 1 | $2,000 | |
John E Mager Treasurer | 1 | $2,000 | |
James Dalle Pazze Secretary | 1 | $2,000 | |
Lindsey Cohen Trustee | 1 | $2,000 | |
Mark J Manning Trustee | 1 | $2,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $46,487 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $421 |
| Capital Gain Net Income | $421 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $46,908 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $10,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,025 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $36,300 |
| Contributions, gifts, grants paid | $132,267 |
| Total expenses and disbursements | $168,567 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $42,661 |
| Net Accounts receivable | $490 |
| 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 | $1,792 |
| Total assets | $2,510,287 |
| Accounts payable and accrued expenses | $11,000 |
| Grants payable | $132,267 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $866 |
| Total liabilities | $144,133 |
Grants Awarded
Over the last fiscal year, Harry Cohen Foundation Inc has awarded $279,249 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
ADAS KODESCH SHEL EMETH CONGREGATION PURPOSE: ALLOCATED IN ACCORDANCE WITH THE WILL OF THE LATE HARRY COHEN | $26,775 |
CHRISTIANA CARE FOUNDATION PURPOSE: ALLOCATED IN ACCORDANCE WITH THE WILL OF THE LATE HARRY COHEN | $12,604 |
ALBERT EINSTEIN ACADEMY INC PURPOSE: ALLOCATED IN ACCORDANCE WITH THE WILL OF THE LATE HARRY COHEN | $13,388 |
CONGREGATION BETH EMETH PURPOSE: ALLOCATED IN ACCORDANCE WITH THE WILL OF THE LATE HARRY COHEN | $13,388 |
JEWISH FEDERATION OF DELAWARE PURPOSE: ALLOCATED IN ACCORDANCE WITH THE WILL OF THE LATE HARRY COHEN | $20,737 |
JEWISH COMMUNITY CENTER PURPOSE: ALLOCATED IN ACCORDANCE WITH THE WILL OF THE LATE HARRY COHEN | $13,388 |