Gerrit And Amy Cole Foundation
- Assets
- $1.4m
- Revenue
- $439.8k
- Investments
- $1.1m
- Employees
- 0
- Location
- Newport Beach, CA
- Founding
- Data as of
- 12/2022
- EIN
- 85-0612436
Organization Overview
Gerrit And Amy Cole Foundation is located in Newport Beach, CA. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Gerrit And Amy Cole 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, Gerrit And Amy Cole Foundation generated $439.8k in total revenue. All expenses for the organization totaled $88.2k during the year ending 12/2022. While expenses have increased by 21.9% per year over the past 3 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amy Cole Dir, Pres | 1 | $0 | |
Gerrit Cole Cfo, Dir | 1 | $0 | |
Heather Hargrove Sec | 1 | $0 | |
Alexander Stimpson Dir, VP | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $500,000 |
| Interest on Savings | $4,191 |
| Dividends & Interest | $16,785 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$81,173 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $439,803 |
| 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 | $11,804 |
| Total operating and administrative expenses | $15,722 |
| Contributions, gifts, grants paid | $72,500 |
| Total expenses and disbursements | $88,222 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $286,870 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,425,789 |
| 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, Gerrit And Amy Cole Foundation has awarded $72,500 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
ARETE EDUCATION INC PURPOSE: THE LABORATORY SCHOOL OF FINANCE AND TECHNOLOGY | $15,000 |
DIRECT RELIEF PURPOSE: GENERAL & UNRESTRICTED | $10,000 |
FOOD BANK FOR NEW YORK CITY PURPOSE: GENERAL & UNRESTRICTED | $10,000 |
FUND FOR PUBLIC SCHOOLS INC PURPOSE: X223 PROGRAM | $15,000 |
MAXS LOVE PROJECT INC PURPOSE: GENERAL & UNRESTRICTED | $2,500 |
ORANGE COUNTY MUSEUM OF ART PURPOSE: GENERAL & UNRESTRICTED | $2,500 |