Thomas & Bebette Coleman Foundation
- Assets
- $6.4m
- Revenue
- $522.7k
- Investments
- $5.7m
- Employees
- 0
- Location
- Temple City, CA
- Founding
- 01/1997
- Data as of
- 12/2023
- EIN
- 95-4594918
Organization Overview
Thomas & Bebette Coleman Foundation is located in Temple City, CA. The organization was established in 1997. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., 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. Thomas & Bebette Coleman 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, Thomas & Bebette Coleman Foundation generated $522.7k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 25.6% each year . All expenses for the organization totaled $205.8k during the year ending 12/2023. While expenses have increased by 18.8% per year over the past 9 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 2014, Thomas & Bebette Coleman Foundation has awarded 45 individual grants totaling $649,700. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $36,773 |
| Dividends & Interest | $218,724 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $267,177 |
| Capital Gain Net Income | $267,177 |
| Net ST Capital Gain | $93,848 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $522,674 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,436 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $30,115 |
| Total operating and administrative expenses | $34,826 |
| Contributions, gifts, grants paid | $171,000 |
| Total expenses and disbursements | $205,826 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $17,708 |
| Savings and temporary cash investments | $723,100 |
| 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 | $2,000 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $6,427,997 |
| 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, Thomas & Bebette Coleman Foundation has awarded $171,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
RAMONA CONVENT SECONDARY SCHOOL PURPOSE: TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSES. | $50,000 |
THE HUNTINGTON LIBRARY PURPOSE: TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSES. | $12,000 |
HUNTINGTON MEDICAL RESEARCH INSTITU PURPOSE: TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSES. | $10,000 |
USC ARCADIA HOSPITAL FOUNDATION PURPOSE: TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSES. | $50,000 |
PASADENA HUMANE SOCIETY PURPOSE: TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSES. | $7,000 |
JUDAISM BY CHOICE PURPOSE: TO SUPPORT THE ORGANIZATION'S EXEMPT PURPOSES. | $22,000 |