Cole Family Foundation Inc
- Assets
- $133.4k
- Revenue
- $35.7k
- Investments
- $121.9k
- Employees
- 0
- Location
- Vienna, WV
- Founding
- 05/2003
- Data as of
- 12/2021
- EIN
- 55-0820931
Organization Overview
Cole Family Foundation Inc is located in Vienna, WV. The organization was established in 2003. 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. Cole Family 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 12/2021, Cole Family Foundation Inc generated $35.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (9.2%) each year. All expenses for the organization totaled $44.4k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (12.1%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Cole Family Foundation Inc has awarded 83 individual grants totaling $361,855. 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 |
|---|---|---|---|
Robert D Cole President & Treasurer | 30 | $18,000 | |
Debra Cole Vice Chairperson & Secretary | 1 | $0 | |
Jennifer Salgado Director | 1 | $0 | |
Jimmy Wilson Director | 1 | $0 | |
Patty Wilson Director | 1 | $0 | |
Alan Wong Chairperson | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $9,176 |
| Interest on Savings | $0 |
| Dividends & Interest | $5,693 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $20,827 |
| Capital Gain Net Income | $20,827 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $35,696 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $18,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,633 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $937 |
| Printing and publications | $0 |
| Other expenses | $12,212 |
| Total operating and administrative expenses | $34,577 |
| Contributions, gifts, grants paid | $9,841 |
| Total expenses and disbursements | $44,418 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,773 |
| Savings and temporary cash investments | $1,757 |
| 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 | $133,390 |
| 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 | $132 |
| Total liabilities | $132 |
Grants Awarded
Over the last fiscal year, Cole Family Foundation Inc has awarded $9,841 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
Dayton, OH PURPOSE: SUPPORT CHARITABLE PURPOSE | $5,000 |
Burnsville, MN PURPOSE: SUPPORT CHARITABLE PURPOSE | $2,400 |
PUEBLO A PUEBLO PURPOSE: SUPPORT CHARITABLE PURPOSE | $1,420 |
COMMON HOPE PURPOSE: SUPPORT CHARITABLE PURPOSE | $821 |
Nashville, TN PURPOSE: SUPPORT CHARITABLE PURPOSE | $200 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Nora Roberts Foundation Inc Glenn Dale, MD | $90,657,767 | $17,263,079 |
Linlundh Foundation Huntingdon Valley, PA | $26,974,319 | $5,576,892 |
Hamilton Family Charitable Trust Wayne, PA | $141,914,105 | $43,786,350 |
Hillier Family Foundation Akron, OH | $0 | $3,603,112 |
Daniel B And Florence E Green Foundation Conshohocken, PA | $179,390,509 | $18,946,870 |
Seed The Dream Foundation Gladwyne, PA | $47,208,358 | $1,088,502 |
Hazel Ruby Mcquain Charitable Tr Morgantown, WV | $103,286,088 | $9,092,496 |
Scripps-Howard Foundation Cincinnati, OH | $57,417,924 | $12,029,094 |
Albert J Weatherhead Estate Trust Uw Item Iv National City Bk Of Cle Mayfield Heights, OH | $171,110,624 | $12,657,241 |
Hummingbird Society Foundation Cincinnati, OH | $175,019 | $103,373 |
Fellowship Foundation Inc Arlington, VA | $7,901,984 | $7,885,643 |
Highmark Foundation Pittsburgh, PA | $137,140,319 | $19,548,694 |