Mike And Linda Coulter Family Foundation
- Assets
- $423.9k
- Revenue
- $164.7k
- Investments
- $317.7k
- Employees
- 0
- Location
- Lapeer, MI
- Founding
- Data as of
- 12/2022
- EIN
- 84-4762785
Organization Overview
Mike And Linda Coulter Family Foundation is located in Lapeer, MI. 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. Mike And Linda Coulter Family 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, Mike And Linda Coulter Family Foundation generated $164.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (6.8%) each year. All expenses for the organization totaled $24.2k during the year ending 12/2022. 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
CONTIBUTIONS TO UNRELATED CARITABLE ORGANIZATIONS
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Coulter President | 1 | $0 | |
Linda M Coulter Vice President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $100,000 |
| Interest on Savings | $5 |
| Dividends & Interest | $14,532 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $50,164 |
| Capital Gain Net Income | $50,164 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $164,701 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $179 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,611 |
| Total operating and administrative expenses | $4,215 |
| Contributions, gifts, grants paid | $20,000 |
| Total expenses and disbursements | $24,215 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $14,865 |
| 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 | $317,690 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $91,366 |
| Total assets | $423,921 |
| 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, Mike And Linda Coulter Family Foundation has awarded $20,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
ROGEL CANCER CENTER U OF M PURPOSE: CHARITABLE CONTRIBUTION | $5,000 |
AUTISM ALLIANCE OF MICHIGAN PURPOSE: CHARITABLE CONTRIBUTION | $4,000 |
HARVEST TABERNACLE OF SARASOTA PURPOSE: CHARITABLE CONTRIBUTION | $4,000 |
DOT ORG OF WASHTENAW COUNTY PURPOSE: CHARITABLE CONTRIBUTION | $2,000 |
RUTH ELLIS CENTER PURPOSE: CHARITABLE CONTRIBUTION | $3,000 |
FORGOTTEN HARVEST PURPOSE: CHARITABLE CONTRIBUTION | $2,000 |