Cole Family Foundation
- Assets
- $1.7m
- Revenue
- $128.8k
- Investments
- $1.6m
- Employees
- 0
- Location
- Salisbury, MD
- Founding
- 12/1987
- Data as of
- 12/2022
- EIN
- 52-1512544
Organization Overview
Cole Family Foundation is located in Salisbury, MD. The organization was established in 1987. According to its NTEE Classification (P52) the organization is classified as: Transportation Assistance, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cole 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, Cole Family Foundation generated $128.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (4.0%) each year. All expenses for the organization totaled $204.9k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Cole Family Foundation has awarded 84 individual grants totaling $517,721. 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 |
|---|---|---|---|
William Hughlett Cole President/treasurer | 40 | $25,000 | |
Carol Cole Vp/secretary | 40 | $12,500 | |
D Eric Wiseley Board Member | 1 | $0 | |
Micah R Cole Board Member | 1 | $0 | |
Bethany Cole Saldana Board Member | 1 | $0 | |
Jacob T Cole Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1 |
| Dividends & Interest | $61,650 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $61,064 |
| Capital Gain Net Income | $61,064 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $6,118 |
| Total Revenue | $128,833 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $37,500 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $10,527 |
| Interest | $0 |
| Taxes | $5,733 |
| Depreciation | $0 |
| Occupancy | $6,972 |
| Travel, conferences, and meetings | $19,250 |
| Printing and publications | $0 |
| Other expenses | $15,196 |
| Total operating and administrative expenses | $122,402 |
| Contributions, gifts, grants paid | $82,500 |
| Total expenses and disbursements | $204,902 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $75 |
| Savings and temporary cash investments | $67,016 |
| 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 | $354 |
| Total assets | $1,684,607 |
| Accounts payable and accrued expenses | $24,139 |
| 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 | $24,139 |
Grants Awarded
Over the last fiscal year, Cole Family Foundation has awarded $82,500 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
THE CHURCH OF JESUS CHRIST OF LATTER DAY SAINTS PURPOSE: GENERAL OPERATING COSTS | $12,500 |
Provo, UT PURPOSE: SCHOLARSHIPS AND OPERATING COSTS | $10,000 |
JOHNS HOPKINS UNIVERSITY & MEDICINE PURPOSE: SCHOLARSHIPS AND OPERATING COSTS | $10,000 |
MAC INC PURPOSE: GENERAL OPERATING COSTS | $5,000 |
Mountain View, CA PURPOSE: SCHOLARSHIPS AND OPERATING COSTS | $5,000 |
Salisbury, MD PURPOSE: GENERAL OPERATING COSTS | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Suburban Transit Network Inc Blue Bell, PA | $12,707,455 | $13,173,363 |
Bucks County Transport Inc Holicong, PA | $5,704,308 | $8,953,027 |
Unified Human Services Transportation System Inc Roanoke, VA | $4,352,414 | $5,161,856 |
Vehicles For Change Inc Baltimore, MD | $4,065,796 | $5,047,572 |
Three Rivers Communities Inc Mckees Rocks, PA | $15,338,200 | $4,090,582 |
Tri River Transit Authority Hamlin, WV | $4,382,090 | $3,266,261 |
Allied Coordinated Transportation Services Inc New Castle, PA | $6,316,143 | $3,065,306 |
Honor Flight Inc Arlington, VA | $2,964,603 | $2,037,473 |
American Road And Transportation Builders Assoc Transportation Washington, DC | $1,514,565 | $1,776,845 |
Good News Mountaineer Garage Charleston, WV | $1,894,561 | $1,839,986 |
Call A Ride Service Inc Lewistown, PA | $1,281,491 | $1,582,430 |
Virginia Rides Hillsboro, VA | $112,852 | $831,292 |