George E Coleman Jr Foundation
- Assets
- $6.8m
- Revenue
- $764.5k
- Investments
- $6.6m
- Employees
- 0
- Location
- New Canaan, CT
- Founding
- 03/2000
- Data as of
- 12/2021
- EIN
- 52-7044220
Organization Overview
George E Coleman Jr Foundation is located in New Canaan, CT. The organization was established in 2000. 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. George E Coleman Jr 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 12/2021, George E Coleman Jr Foundation generated $764.5k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $762.2k during the year ending 12/2021. While expenses have increased by 4.2% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, George E Coleman Jr Foundation has awarded 413 individual grants totaling $4,565,000. 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 |
|---|---|---|---|
Daniel Oliver Trustee | 4 | $25,000 | |
Andrew Oliver Jr Trustee | 0.25 | $0 | |
Louise Oliver Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,496 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $176,154 |
| Capital Gain Net Income | $176,154 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $586,891 |
| Total Revenue | $764,541 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $25,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $24,927 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $202 |
| Total operating and administrative expenses | $64,230 |
| Contributions, gifts, grants paid | $698,000 |
| Total expenses and disbursements | $762,230 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $164,363 |
| 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 | $6,042,135 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $6,793,051 |
| 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 | $496,859 |
| Total liabilities | $496,859 |
Grants Awarded
Over the last fiscal year, George E Coleman Jr Foundation has awarded $675,600 in support to 36 organizations.
| Grant Recipient | Amount |
|---|---|
BOYLSTON PLACE FOUNDATION INC PURPOSE: GENERAL SUPPORT | $3,000 |
AMERICAN STUDIES CENTER PURPOSE: GENERAL SUPPORT | $4,000 |
DONORS TRUST PURPOSE: GENERAL SUPPORT | $130,000 |
DAILY CALLER NEWS FOUNDATION PURPOSE: GENERAL SUPPORT | $10,000 |
DONORS TRUST PURPOSE: GENERAL SUPPORT | $116,000 |
DONORS TRUST PURPOSE: GENERAL SUPPORT | $100,000 |