R C Colton Jr Foundation Inc
- Assets
- $3.6m
- Revenue
- $187.4k
- Investments
- $3.3m
- Employees
- 0
- Location
- New Orleans, LA
- Founding
- Data as of
- 12/2023
- EIN
- 87-3938295
Organization Overview
R C Colton Jr Foundation Inc is located in New Orleans, LA. 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. R C Colton Jr 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 12/2023, R C Colton Jr Foundation Inc generated $187.4k 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 (66.7%) each year.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard C Colton Jr President | 10 | $500 | |
Beverly R Nichols Treasurer | 2 | $500 | |
John F Carrere Director | 1 | $500 | |
Matthew Waldron Director | 2 | $500 | |
Betsy Laborde Secretary | 2 | $500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $12,550 |
| Interest on Savings | $0 |
| Dividends & Interest | $87,330 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $87,488 |
| Capital Gain Net Income | $87,488 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $187,368 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $2,500 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $59,939 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $95 |
| Total operating and administrative expenses | $106,281 |
| Contributions, gifts, grants paid | $415,000 |
| Total expenses and disbursements | $521,281 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $100,552 |
| Savings and temporary cash investments | $200,000 |
| 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 | $3,575,639 |
| 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, R C Colton Jr Foundation Inc has awarded $415,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
SWEET BRIAR COLLEGE PURPOSE: RIDING CENTER - AUXILIARY ARENA | $375,000 |
LOYOLA UNIVERSITY NEW ORLEANS PURPOSE: WOMEN'S BASKETBALL LOCKER ROOM | $40,000 |