Colket Family Foundation
- Assets
- $11.6m
- Revenue
- $2.4m
- Investments
- $10.5m
- Employees
- 0
- Location
- Newtown Square, PA
- Founding
- Data as of
- 12/2023
- EIN
- 85-2260055
Organization Overview
Colket Family Foundation is located in Newtown Square, PA. 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. Colket 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 12/2023, Colket Family Foundation generated $2.4m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 21.6% each year . All expenses for the organization totaled $902.6k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Colket Family Foundation has awarded 322 individual grants totaling $2,294,199. 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 |
|---|---|---|---|
Ruth M Colket Trustee | 2 | $0 | |
Carolyn C Cullen Trustee | 2 | $12,565 | |
Tristram C Colket III Trustee | 2 | $12,565 | |
Bryan D Colket Trustee | 2 | $12,565 | |
Francis J Mirabello Trustee | 1 | $12,564 | |
Richard A Smolen Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,213,411 |
| Interest on Savings | $16,318 |
| Dividends & Interest | $268,948 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$52,702 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,445,975 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $50,259 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $35,072 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $14,500 |
| Total operating and administrative expenses | $116,145 |
| Contributions, gifts, grants paid | $786,431 |
| Total expenses and disbursements | $902,576 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $174,601 |
| Savings and temporary cash investments | $912,835 |
| 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 | $10,482,700 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $11,570,136 |
| 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, Colket Family Foundation has awarded $786,431 in support to 105 organizations.
| Grant Recipient | Amount |
|---|---|
1000 FRIENDS OF FLORIDA INC PURPOSE: GENERAL GIFT - UNRESTRICTED | $1,000 |
1LOVE4ANIMALS INC PURPOSE: GENERAL GIFT - UNRESTRICTED | $5,000 |
ABBE MUSEUM PURPOSE: GENERAL GIFT - UNRESTRICTED | $300 |
ACADEMY OF NATURAL SCIENCES OF DREXEL UNIVERSITY PURPOSE: GENERAL GIFT - UNRESTRICTED | $1,250 |
ACADIA FAMILY CENTER PURPOSE: GENERAL GIFT - UNRESTRICTED | $500 |
ATLANTIC SALMON FEDERATION INC PURPOSE: GENERAL GIFT - UNRESTRICTED | $2,500 |