Cotsen Foundation For The Art Of Teaching
- Assets
- $241.2m
- Revenue
- $12.2m
- Investments
- $234.7m
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 11/1985
- Data as of
- 06/2022
- EIN
- 95-3953038
Organization Overview
Cotsen Foundation For The Art Of Teaching is located in Los Angeles, CA. The organization was established in 1985. 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. Cotsen Foundation For The Art Of Teaching 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 06/2022, Cotsen Foundation For The Art Of Teaching generated $12.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $12.3m during the year ending 06/2022. While expenses have increased by 9.1% 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.
Since 2015, Cotsen Foundation For The Art Of Teaching has awarded 482 individual grants totaling $42,008,526. 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 |
|---|---|---|---|
Barry Munitz President/ceo | 30 | $271,763 | |
Jerold Harris Executive Director | 40 | $218,733 | |
Kamyab Hashemi-Nejad Chief Financial Officer | 40 | $255,370 | |
Jolie Godoy Chief Administrative Officer | 40 | $165,773 | |
Jonathan Victor Board Chair | 1 | $0 | |
Steven Koblik Board Member | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Jp Morgan Chase Bank Na | 6/29/22 | $388,923 |
Green Hasson & Janks Llp | 6/29/22 | $61,950 |
Seyfarth Shaw Llp | 6/29/22 | $54,576 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $192,528 |
| Interest on Savings | $6,495 |
| Dividends & Interest | $4,902,282 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $6,510,522 |
| Capital Gain Net Income | $5,691,258 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $627,449 |
| Total Revenue | $12,239,276 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $911,639 |
| Other employee salaries and wages | $1,335,268 |
| Pension plans, employee benefits | $452,115 |
| Interest | $0 |
| Taxes | $572,156 |
| Depreciation | $4,493 |
| Occupancy | $617,864 |
| Travel, conferences, and meetings | $32,705 |
| Printing and publications | $0 |
| Other expenses | $2,637,394 |
| Total operating and administrative expenses | $7,407,328 |
| Contributions, gifts, grants paid | $4,897,992 |
| Total expenses and disbursements | $12,305,320 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,000 |
| Savings and temporary cash investments | $5,941,676 |
| 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 | $162,459 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $70,412,865 |
| Net Land, buildings, and equipment | $8,985 |
| Other assets | $411,802 |
| Total assets | $241,202,173 |
| Accounts payable and accrued expenses | $447,829 |
| Grants payable | $2,232,109 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $2,356,744 |
| Total liabilities | $5,036,682 |
Grants Awarded
Over the last fiscal year, Cotsen Foundation For The Art Of Teaching has awarded $6,454,569 in support to 55 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN ACADEMY OF ARTS AND SCIENCES PURPOSE: GENERAL SUPPORT | $15,000 |
AVID CENTER PURPOSE: TEACHER ADVOCACY AWARDS | $30,000 |
BUENA PARK SCHOOL DISTRICT PURPOSE: MENTOR PROGRAM | $437,298 |
CALIFORNIA COMPETES PURPOSE: CALIFORNIA COMPETES PROJECT | $5,000 |
CHILDREN'S DEFENSE FUND PURPOSE: YOUTH PROGRAM - CALIFORNIA | $1,000 |
CALIFORNIA INSTITUTE OF THE ARTS PURPOSE: YOUTH EDUCATION PROGRAMS | $10,000 |