Collins Charitable Foundation
- Assets
- $4.9m
- Revenue
- $354.4k
- Investments
- $4.8m
- Employees
- 0
- Location
- Rehoboth Beach, DE
- Founding
- Data as of
- 12/2022
- EIN
- 84-3936382
Organization Overview
Collins Charitable Foundation is located in Rehoboth Beach, DE. 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. Collins Charitable 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, Collins Charitable Foundation generated $354.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (48.4%) each year.
Since 2020, Collins Charitable Foundation has awarded 72 individual grants totaling $834,950. 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 |
|---|---|---|---|
John R Collins President | 5 | $0 | |
Margaret P Collins Vice Preside | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $100,000 |
| Interest on Savings | $20,205 |
| Dividends & Interest | $211,164 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $12,616 |
| Capital Gain Net Income | $6,718 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $10,451 |
| Total Revenue | $354,436 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,076 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $6,226 |
| Total operating and administrative expenses | $41,170 |
| Contributions, gifts, grants paid | $287,000 |
| Total expenses and disbursements | $328,170 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $122,213 |
| 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 | $1,429,639 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,907,362 |
| Accounts payable and accrued expenses | $1,122 |
| 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 | $1,122 |
Grants Awarded
Over the last fiscal year, Collins Charitable Foundation has awarded $287,000 in support to 26 organizations.
| Grant Recipient | Amount |
|---|---|
BEEBE MEDICAL FOUNDATION PURPOSE: DONATION | $15,000 |
CHILDRENS BEACH HOUSE PURPOSE: DONATION | $10,000 |
CLEAR SPACE THEATRE PURPOSE: DONATION | $25,000 |
COMMUNITY RESOURCE CENTER PURPOSE: DONATION | $25,000 |
DELAWARE CENTER FOR THE INLAND BAYS PURPOSE: DONATION | $5,000 |
CYSTIC FIBROSIS PURPOSE: DONATION | $20,000 |