Coffey Foundation Inc
- Assets
- $7.9m
- Revenue
- $569.9k
- Investments
- $7.3m
- Employees
- 0
- Location
- Lenoir, NC
- Founding
- 08/1957
- Data as of
- 11/2022
- EIN
- 56-6047501
Organization Overview
Coffey Foundation Inc is located in Lenoir, NC. The organization was established in 1957. 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. Coffey 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 11/2022, Coffey Foundation Inc generated $569.9k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 49.9% each year . All expenses for the organization totaled $526.7k during the year ending 11/2022. While expenses have increased by 2.2% 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.
Since 2020, Coffey Foundation Inc has awarded 250 individual grants totaling $1,544,905. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS- SEE ATTACHED SCHEDULE OF RECIPIENTS
CHARITABLE CONTRIBUTIONS- SEE ATTACHED SCHEDULE OF RECIPIENTS
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 |
|---|---|---|---|
Jennie Goodman Deal Trustee | 2 | $2,500 | |
Lauren Brooks Clark Trustee | 2 | $2,500 | |
Deborah Ashley Smith Trustee | 2 | $1,300 | |
Betty Lou Miller Trustee | 2 | $1,200 | |
Elizabeth Shull Fox Trustee | 2 | $1,200 | |
Bruce Vanderbloemen Trustee | 2 | $1,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $221,178 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $348,664 |
| Capital Gain Net Income | $348,664 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $50 |
| Total Revenue | $569,892 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $11,900 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $60,949 |
| Total operating and administrative expenses | $96,668 |
| Contributions, gifts, grants paid | $430,000 |
| Total expenses and disbursements | $526,668 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $574,405 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $4,752 |
| 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 | $7,339,854 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $7,919,011 |
| 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, Coffey Foundation Inc has awarded $430,000 in support to 71 organizations.
| Grant Recipient | Amount |
|---|---|
Lenoir, NC PURPOSE: THE CONTRIBUTIONS ARE NOT CONTROLLED BY THE FOUNDATION BUT BY THE RECIPIENTS | $26,350 |
Lenoir, NC PURPOSE: THE CONTRIBUTIONS ARE NOT CONTROLLED BY THE FOUNDATION BUT BY THE RECIPIENTS | $25,000 |
CALDWELL COUNTY HABITAT FOR HUMANITY PURPOSE: THE CONTRIBUTIONS ARE NOT CONTROLLED BY THE FOUNDATION BUT BY THE RECIPIENTS | $19,770 |
Lenoir, NC PURPOSE: THE CONTRIBUTIONS ARE NOT CONTROLLED BY THE FOUNDATION BUT BY THE RECIPIENTS | $13,180 |
Granite Falls, NC PURPOSE: THE CONTRIBUTIONS ARE NOT CONTROLLED BY THE FOUNDATION BUT BY THE RECIPIENTS | $13,140 |
CALDWELL COUNTY YOKEFELLOW - LEO'S PLACE PURPOSE: THE CONTRIBUTIONS ARE NOT CONTROLLED BY THE FOUNDATION BUT BY THE RECIPIENTS | $13,140 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Trousdale Foundation Inc Cleveland, TN | $157,578,588 | $76,137,385 |
The United Methodist Retirement Homes Inc Durham, NC | $351,992,425 | $85,120,969 |
The Murray & Sydell Rosenberg Foundation Inc Atlanta, GA | $5,561,714 | $74,985,544 |
Joseph B Whitehead Foundation Atlanta, GA | $148,285,590 | $58,163,845 |
Winshape Foundation Inc Atlanta, GA | $1,733,664,901 | $22,099,572 |
A Good Name Foundation Inc Atlanta, GA | $709,299,721 | $33,917,740 |
Jane Woodruff Foundation Inc Atlanta, GA | $0 | $54,999,988 |
Ups Foundation Inc Atlanta, GA | $8,317,427 | $54,799,163 |
Claws Foundation Reston, VA | $37,055,234 | $1,734,426 |
Dogwood Health Trust Asheville, NC | $1,386,374,836 | $630,200,598 |
Jack Kent Cooke Foundation Lansdowne, VA | $883,502,508 | $42,942,790 |
O Wayne Rollins Foundation Atlanta, GA | $468,654,801 | $21,609,282 |