Paul And Carol Cole Foundation Inc
- Assets
- $4.0m
- Revenue
- $3.7m
- Investments
- $3.9m
- Employees
- 0
- Location
- Bluefield, WV
- Founding
- 01/1998
- Data as of
- 06/2022
- EIN
- 54-1830656
Organization Overview
Paul And Carol Cole Foundation Inc is located in Bluefield, WV. The organization was established in 1998. 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. Paul And Carol 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 06/2022, Paul And Carol Cole Foundation Inc generated $3.7m in total revenue. All expenses for the organization totaled $43.1k during the year ending 06/2022. While expenses have increased by 15.3% per year over the past 4 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lea-Anne L Greene Director | 0 | $0 | |
William P Cole Vice President | 0 | $0 | |
Thomas J Cole President | 0 | $0 | |
Jason P Cole Director | 0 | $0 | |
Charles M Cole Jr Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $3,625,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $47,362 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $35,663 |
| Capital Gain Net Income | $35,663 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $3,708,025 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $879 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $25 |
| Total operating and administrative expenses | $18,261 |
| Contributions, gifts, grants paid | $24,813 |
| Total expenses and disbursements | $43,074 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $144,455 |
| 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 | $1,883,267 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,033,568 |
| 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, Paul And Carol Cole Foundation Inc has awarded $24,813 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
BLUEFIELD STATE UNIVERSITY PURPOSE: TO ASSIST WITH PURCHASING MEDICAL CENTER LOBBY FURNITURE | $10,000 |
TOWN OF BLUEFIELD VA POLICE DEPT PURPOSE: TO ASSIST WITH PURCHASING BALLISTIC SHIELD | $4,813 |
HOPE RIDGE RECOVERY INC PURPOSE: TO SUPPORT THE MISSION OF THE ORGANIZATION | $3,000 |
Bluefield, WV PURPOSE: TO ASSIST WITH FENCING | $2,000 |
THE WADE CENTER PURPOSE: TO ASSIST IN PURCHASING A LAWN MOWER | $1,500 |
Bluefield, WV PURPOSE: TO SUPPORT THE MISSION OF THE ORGANIZATION | $1,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Robins Foundation Richmond, VA | $182,936,779 | $19,761,890 |
Jacob And Hilda Blaustein Foundation Inc Baltimore, MD | $130,688,531 | $27,779,767 |
Carson-Myre Charitable Foundation Paducah, KY | $72,587,857 | $8,781,396 |
Virginia Institute Of Autism Incorporated Charlottesville, VA | $13,400,970 | $11,731,710 |
Clark-Winchcole Foundation Bethesda, MD | $197,708,650 | $12,024,655 |
The Powder Mill Foundation York, PA | $147,181,195 | $3,651,780 |
Joseph And Marion Wesley Family Foundation Philadelphia, PA | $658,173 | $9,365,078 |
Wexner Foundation New Albany, OH | $6,442,852 | $9,976,190 |
Arete Foundation Philadelphia, PA | $69,704,325 | $5,927,114 |
Affordable Housing Opportunity Fund Inc Charlottesville, VA | $703,537 | $6,974,715 |
Hcs Foundation Cleveland, OH | $105,976,263 | $7,902,405 |
Independence Blue Cross Foundation Philadelphia, PA | $149,853,954 | $24,274,350 |