Coker Foundation
- Assets
- $4.2m
- Revenue
- $131.1k
- Investments
- $4.1m
- Employees
- 0
- Location
- Chattanooga, TN
- Founding
- 07/2019
- Data as of
- 12/2022
- EIN
- 83-2877945
Organization Overview
Coker Foundation is located in Chattanooga, TN. The organization was established in 2019. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations 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. Coker 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 12/2022, Coker Foundation generated $131.1k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (0.7%) each year. All expenses for the organization totaled $238.9k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (3.4%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Coker Foundation has awarded 18 individual grants totaling $877,500. 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 |
|---|---|---|---|
Joseph D Coker Director | 0 | $0 | |
Theresa M Coker Director | 0 | $0 | |
Casey Allisa Coker Cunningham Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $622 |
| Dividends & Interest | $141,251 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$11,399 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $581 |
| Total Revenue | $131,055 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,890 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $49,400 |
| Contributions, gifts, grants paid | $189,500 |
| Total expenses and disbursements | $238,900 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $120,040 |
| 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 | $4,076,934 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,196,974 |
| 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, Coker Foundation has awarded $189,500 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
YOUNG LIFE FOUNDATION PURPOSE: TO SUPPORT THE YOUNG LIFE INTERNSHIP PROGRAM FOR THE MINISTRY OF LAURA LIGON | $1,500 |
REVIVAL OUTSIDE THE WALLS PURPOSE: TO SUPPORT THE MISSION TO MOVE EVERYONE, EVERY DAY CLOSER TO JESUS | $10,000 |
MUSEUM OF THE BIBLE PURPOSE: TO SUPPORT AN EFFORT TO ENGAGE PEOPLE WITH THE TRANSFORMATIVE POWER OF THE BIBLE | $100,000 |
BIBLE IN THE SCHOOLS PURPOSE: GIFT FOR ENDOWMENT PROGRAM | $50,000 |
COMMUNITY FOUNDATION OF GREATER CHATTANOOGA PURPOSE: LTI POOL GIFT TO THE CORKY & THERESA COKER FAMILY FUND AT CFGC | $18,000 |
FIFTY PLUS FOUNDATION PURPOSE: TO SUPPORT THE PROMOTION OF PUBLIC AWARENESS AND EDUCATION ON ALZHEIMER'S DISEASE AND OTHER DEMENTIA DISORDERS | $10,000 |