George Cohee Foundation
- Assets
- $163.1k
- Revenue
- $22.1k
- Investments
- $160.4k
- Employees
- 0
- Location
- Virginia Beach, VA
- Founding
- 07/1999
- Data as of
- 12/2021
- EIN
- 54-1945051
Organization Overview
George Cohee Foundation is located in Virginia Beach, VA. The organization was established in 1999. According to its NTEE Classification (T21) the organization is classified as: Corporate 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 Cohee 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 Cohee Foundation generated $22.1k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 40.8% each year . All expenses for the organization totaled $57.6k during the year ending 12/2021. While expenses have increased by 21.9% per year over the past 7 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 2015, George Cohee Foundation has awarded 66 individual grants totaling $125,443. 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 |
|---|---|---|---|
Katherine Cohee Taylor Pres/sec/dir | 0.1 | $0 | |
Mignon Cohee Reynolds Vp/director | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $4,432 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $17,711 |
| Capital Gain Net Income | $17,711 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $22,143 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $98 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,138 |
| Total operating and administrative expenses | $5,121 |
| Contributions, gifts, grants paid | $52,500 |
| Total expenses and disbursements | $57,621 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,672 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $163,104 |
| 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, George Cohee Foundation has awarded $52,500 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
CHILDREN'S HOSPITAL OF THE KING'S DAUGHTERS PURPOSE: LIGHTING THE WAYMENTAL HEALTH INITIATIVE | $50,000 |
Virginia Beach, VA PURPOSE: GENERAL FUND | $1,000 |
EDMARC HOSPICE FOR CHILDREN PURPOSE: GENERAL FUND | $500 |
Montgomery, AL PURPOSE: GENERAL FUND | $300 |
UNDERDOG RAILROAD RESCUE PURPOSE: GENERAL FUND | $200 |
Powell, OH PURPOSE: GENERAL FUND | $200 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Brown-Forman Foundation Louisville, KY | $0 | $24,207,060 |
Carmax Foundation Richmond, VA | $6,340,369 | $9,797,991 |
Ingersoll-Rand Charitable Foundation Davidson, NC | $949,422 | $5,202,263 |
Teleios Collaborative Network Flat Rock, NC | $1,937,761 | $5,692,077 |
Berry Charitable Foundation Greensboro, NC | $66,443,887 | $19,441,279 |
Mcleod Family Foundation Inc Roanoke, VA | $24,622,922 | $3,411,070 |
Petters Family Foundation Newport News, VA | $24,802,843 | $3,836,696 |
Louisiana First Horizon Foundation Memphis, TN | $16,881,232 | $5,299 |
Richmond Community Foundation Inc Charlotte, NC | $38,277,506 | $4,248,751 |
Tamias Foundation Hunt Valley, MD | $26,017,429 | $6,201,686 |
Progressive Multiplier Fund Washington, DC | $799,490 | $1,927,337 |
Weaver Foundation Inc Greensboro, NC | $30,406,218 | $3,650,390 |