Larry R Coffey Charitable Trust
- Assets
- $10.7m
- Revenue
- $364.8k
- Investments
- $10.5m
- Employees
- 0
- Location
- Louisville, KY
- Founding
- 02/1990
- Data as of
- 12/2023
- EIN
- 61-6168546
Organization Overview
Larry R Coffey Charitable Trust is located in Louisville, KY. The organization was established in 1990. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Larry R Coffey Charitable Trust 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, Larry R Coffey Charitable Trust generated $364.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (5.1%) each year. All expenses for the organization totaled $401.6k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (4.3%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Larry R Coffey Charitable Trust has awarded 139 individual grants totaling $1,704,600. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $4,973 |
| Dividends & Interest | $337,565 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $5,085 |
| Capital Gain Net Income | $5,085 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $17,150 |
| Total Revenue | $364,773 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| 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 | $31,991 |
| Total operating and administrative expenses | $35,241 |
| Contributions, gifts, grants paid | $366,400 |
| Total expenses and disbursements | $401,641 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $199,734 |
| 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 | $10,548,166 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $10,747,900 |
| 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, Larry R Coffey Charitable Trust has awarded $366,400 in support to 29 organizations.
| Grant Recipient | Amount |
|---|---|
FM 1878 CHURCH OF CHRIST PURPOSE: EVANGELISM | $6,000 |
GLEN SPRINGS RD CHURCH OF CHRIST PURPOSE: EVANGELISM | $3,600 |
CHESTER CHURCH OF CHRIST PURPOSE: EVANGELISM | $7,500 |
FULTONDALE CHURCH OF CHRIST PURPOSE: EVANGELISM | $7,200 |
BRONX BILINGUAL CHURCH OF CHRIST PURPOSE: EVANGELISM | $28,800 |
HELENA CHURCH OF CHRIST PURPOSE: EVANGELISM | $6,000 |