Max And Lorayne Cooper Foundation
- Assets
- $26.7m
- Revenue
- $967.2k
- Investments
- $26.4m
- Employees
- 0
- Location
- Birmingham, AL
- Founding
- 03/2013
- Data as of
- 12/2023
- EIN
- 54-6828582
Organization Overview
Max And Lorayne Cooper Foundation is located in Birmingham, AL. The organization was established in 2013. 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. Max And Lorayne Cooper 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 12/2023, Max And Lorayne Cooper Foundation generated $967.2k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.2%) each year. All expenses for the organization totaled $2.2m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Max And Lorayne Cooper Foundation has awarded 68 individual grants totaling $6,960,520. 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 |
|---|---|---|---|
Martin Solomon Trustee | 4 | $50,000 | |
Samuel A Dipiazza Jr Trustee | 4 | $50,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $705,681 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $261,518 |
| Capital Gain Net Income | $261,518 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $967,199 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $100,000 |
| Other employee salaries and wages | $111,665 |
| Pension plans, employee benefits | $10,116 |
| Interest | $0 |
| Taxes | $46,033 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $376,109 |
| Contributions, gifts, grants paid | $1,859,827 |
| Total expenses and disbursements | $2,235,936 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $54,490 |
| Savings and temporary cash investments | $225,291 |
| Net Accounts receivable | $20,158 |
| 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 | $26,690,829 |
| Accounts payable and accrued expenses | $3,009 |
| 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 | $3,009 |
Grants Awarded
Over the last fiscal year, Max And Lorayne Cooper Foundation has awarded $1,859,827 in support to 26 organizations.
| Grant Recipient | Amount |
|---|---|
BLOUNT COUNTY EDUCATION FOUNDATION INC PURPOSE: GENERAL SUPPORT | $470,000 |
CORNERSTONE SCHOOL PURPOSE: GENERAL SUPPORT | $354,000 |
NEW SCHOOLS FOR ALABAMA PURPOSE: GENERAL SUPPORT | $460,000 |
PAN-MASSACHUSETTS CHALLENGE TRUST PURPOSE: GENERAL SUPPORT | $20,000 |
RAMAH DAROM INC PURPOSE: GENERAL SUPPORT | $15,000 |
RONALD MCDONALD HOUSE CHARITIES OF ALABAMA PURPOSE: GENERAL SUPPORT | $10,000 |