The Colin Higgins Foundation
- Assets
- $516.0k
- Revenue
- $93.6k
- Investments
- $423.1k
- Employees
- 0
- Location
- Sherman Oaks, CA
- Founding
- 03/1987
- Data as of
- 12/2022
- EIN
- 95-4084793
Organization Overview
The Colin Higgins Foundation is located in Sherman Oaks, CA. The organization was established in 1987. 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. Colin Higgins 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, Colin Higgins Foundation generated $93.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.0%) each year. All expenses for the organization totaled $105.0k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (8.9%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Colin Higgins Foundation has awarded 53 individual grants totaling $513,389. 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 |
|---|---|---|---|
James C Rogers President | 0.5 | $0 | |
Joel Moffett CFO | 0.5 | $0 | |
James Lescene Secretary | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $81,900 |
| Interest on Savings | $4 |
| Dividends & Interest | $8,686 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,619 |
| Capital Gain Net Income | $10,303 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $432 |
| Total Revenue | $93,641 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $3 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $2,876 |
| Printing and publications | $0 |
| Other expenses | $2,419 |
| Total operating and administrative expenses | $34,017 |
| Contributions, gifts, grants paid | $71,000 |
| Total expenses and disbursements | $105,017 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,630 |
| Savings and temporary cash investments | $87,240 |
| 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 | $2,750 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $358,354 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $332 |
| Total assets | $516,031 |
| 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 | $71 |
| Total liabilities | $71 |
Grants Awarded
Over the last fiscal year, The Colin Higgins Foundation has awarded $71,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
OUTFEST PURPOSE: OUTFEST CREATES VISIBILITY TO DIVERSE LGBTQIA+ STORIES AND EMPOWERS STORYTELLERS, BUILDING EMPATHY TO DRIVE MEANINGFUL SOCIAL CHANGE. | $51,000 |
THE CENTER FOR INDEPENDENT DOCUMENTARY INC PURPOSE: TO PRODUCE AND DISTRIBUTE SOCIALLY CONSCIOUS DOCUMENTARIES. | $20,000 |