Larry A And Edith R Cohen Foundation Inc
- Assets
- $6.8m
- Revenue
- $380.8k
- Investments
- $6.6m
- Employees
- 0
- Location
- Inlet Beach, FL
- Founding
- 04/1997
- Data as of
- 12/2022
- EIN
- 86-0856937
Organization Overview
Larry A And Edith R Cohen Foundation Inc is located in Inlet Beach, FL. The organization was established in 1997. According to its NTEE Classification (T30) the organization is classified as: Public 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. Larry A And Edith R Cohen Foundation Inc 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, Larry A And Edith R Cohen Foundation Inc generated $380.8k in total revenue. All expenses for the organization totaled $290.7k during the year ending 12/2022. While expenses have increased by 118.1% per year over the past 6 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robyn M Cohen Secretary/treasurer | 0.5 | $0 | |
Mark I Cohen President | 0.5 | $0 | |
John M Cohen Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $212,132 |
| Dividends & Interest | $168,621 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $380,753 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,988 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $40,107 |
| Printing and publications | $0 |
| Other expenses | $331 |
| Total operating and administrative expenses | $49,011 |
| Contributions, gifts, grants paid | $241,668 |
| Total expenses and disbursements | $290,679 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,732 |
| Savings and temporary cash investments | $176,265 |
| 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 | $1,381,091 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $6,810,863 |
| 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 | $5,158 |
| Total liabilities | $5,158 |
Grants Awarded
Over the last fiscal year, Larry A And Edith R Cohen Foundation Inc has awarded $400,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CONGREGATION CHILDREN OF ISRAEL PURPOSE: REMODELING SANCTUARY | $125,000 |
MEDICAL COLLEGE OF GEORGIA FDN PURPOSE: FUND SCHOLARSHIPS | $275,000 |