Thomas E Cofer Memorial Charitable Trust
- Assets
- $455.5k
- Revenue
- $10.6k
- Investments
- $347.8k
- Employees
- 0
- Location
- Smithfield, VA
- Founding
- 12/1990
- Data as of
- 06/2023
- EIN
- 54-1548158
Organization Overview
Thomas E Cofer Memorial Charitable Trust is located in Smithfield, VA. The organization was established in 1990. 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. Thomas E Cofer Memorial Charitable Trust 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 06/2023, Thomas E Cofer Memorial Charitable Trust generated $10.6k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 16.6% each year . All expenses for the organization totaled $26.5k during the year ending 06/2023. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING SCHOLARSHIP FUNDS FOR GRADUATING SENIORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wesley Brown Director | 1 | $0 | |
Linda Rice Vice Pres - Sec | 1 | $0 | |
Diana F Beale President/treas | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,074 |
| Dividends & Interest | $9,538 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $34 |
| Capital Gain Net Income | $34 |
| Net ST Capital Gain | $34 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $10,646 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $51 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $72 |
| Total operating and administrative expenses | $6,496 |
| Contributions, gifts, grants paid | $20,000 |
| Total expenses and disbursements | $26,496 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $107,691 |
| 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 | $347,835 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $455,526 |
| 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, Thomas E Cofer Memorial Charitable Trust has awarded $20,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
VA TECH FBO NEELIE KATE HARRIS PURPOSE: SCHOLARSHIP | $5,000 |
VA STATE UNIV FBO SAYONE R GREENE PURPOSE: SCHOLARSHIP | $5,000 |
BRIDGEWATER COLLEGE FBO HANNAH E SM PURPOSE: SCHOLARSHIP | $5,000 |
JAMES MADISON UNIV FBO EMILY E SHEL PURPOSE: SCHOLARSHIP | $5,000 |