Colen Family Charitable Tr
- Assets
- $195.6m
- Revenue
- $20.7m
- Investments
- $162.6m
- Employees
- 0
- Location
- Ocala, FL
- Founding
- Data as of
- 03/2022
- EIN
- 83-6802589
Organization Overview
Colen Family Charitable Tr is located in Ocala, FL. According to its NTEE Classification (T23) the organization is classified as: Private Operating 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. Colen Family Charitable Tr 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 03/2022, Colen Family Charitable Tr generated $20.7m in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 41.7% each year . All expenses for the organization totaled $986.7k during the year ending 03/2022. While expenses have increased by 37.8% per year over the past 2 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
PLANNING AND CONSTRUCTION OF THE INA A. COLEN ACADEMY, A CHARTER SCHOOL LOCATED IN MARION COUNTY, FLORIDA.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rebecca Rogers Executive Dir | 25 | $78,500 | |
Kenneth D Colen Trustee | 20 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
New Millennium Building Systems Llc | 3/30/22 | $506,548 |
Mitnet Llc | 3/30/22 | $195,283 |
Wannemacher Jensen Architects Inc | 3/30/22 | $280,092 |
B&h Steel Company | 3/30/22 | $730,685 |
Ausley Construction Company Llc | 3/30/22 | $17,161,324 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $17,162,095 |
| Interest on Savings | $13,173 |
| Dividends & Interest | $3,190,343 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $326,155 |
| Capital Gain Net Income | $326,155 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $20,691,766 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $81,147 |
| Other employee salaries and wages | $121,832 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $144,585 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $10,126 |
| Printing and publications | $0 |
| Other expenses | $212,739 |
| Total operating and administrative expenses | $986,718 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $986,718 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $133,023 |
| Savings and temporary cash investments | $17,371 |
| 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 | $119,090 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $160,290,905 |
| Net Land, buildings, and equipment | $2,182,000 |
| Other assets | $30,544,143 |
| Total assets | $195,561,235 |
| Accounts payable and accrued expenses | $3,219,419 |
| 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 | $4,405 |
| Total liabilities | $3,223,824 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Colen Family Charitable Tr has recieved totaling $17,162,095.
| Awarding Organization | Amount |
|---|---|
Circle Square Foundation Ocala, FL PURPOSE: CHARITABLE CONTRIBUTION | $17,162,095 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Rawlings Foundation Inc Palm Beach, FL | $157,491,316 | $53,710,829 |
Ichauway Inc Newton, GA | $38,010,143 | $29,470,336 |
Elevate Prize Foundation Inc Miami, FL | $25,599,159 | $21,836,715 |
Desai Sethi Foundation Inc miami, FL | $167,397,052 | $1,318,684 |
Mceachern Endowment Fund Inc Powder Springs, GA | $13,981,287 | $6,848,994 |
Malone Family Land Preservation Foundation Hobe Sound, FL | $131,481,954 | $946,463 |
Pebble Hill Foundation Inc Thomasville, GA | $45,568,261 | $2,596,354 |
Worthington Scholarship Foundation Naples, FL | $12,065,797 | $5,368,981 |
The Switzer Family Foundation Inc St Petersburg, FL | $0 | $574,920 |
Bangladesh American Society Of Muslim Aid For Humanity Inc Boca Raton, FL | $701,948 | $2,077,483 |
Elling O Eide Charitable Foundation Inc Sarasota, FL | $66,382,103 | $1,556,208 |
Paul Millsap Foundation Corp Atlanta, GA | $74,268 | $1,325,506 |