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EIN 52-1512544

The Cole Family Foundation

IRS 501(c) type
501(c)(3)
Num. employees
0
City
Salisbury
State
Maryland
Year formed
1987
Most recent tax filings
2023-12-01
NTEE code, primary
T20: Private Foundations
Description
The Cole Family Foundation is a private foundation located in Salisbury, MD that primarily funds general operating costs, scholarships and operating costs. Its purpose is to make distributions to organizations that qualify as exempt organizations under section 501(c)(3) of the internal revenue code. The foundation has made 13 grants last year to different organizations, including The Church Of Jesus Christ Of Latter Day Saints and others.
Total revenues
$143,376
2023
Total expenses
$197,873
2023
Total assets
$1,617,710
2023
Num. employees
0
2023

Program areas at The Cole Family Foundation

Distributions to organizations that qualify as exempt organizations under section 501(c)(3) of The internal revenue code

Grants made by The Cole Family Foundation

GranteeGrant descriptionAmount
Community Foundation of the Eastern Shore (CFES)General Operating Costs$7,000
Hillsdale CollegeScholarships and Operating Costs$6,000
Young Men's Christian Association of the ChesapeakeGeneral Operating Costs$6,000
...and 7 more grants made

Personnel at The Cole Family Foundation

NameTitleCompensation
William ColePresident$25,000
Carol ColeVice President and Secretary$12,500

Financials for The Cole Family Foundation

RevenuesFYE 12/2023
Total grants, contributions, etc.$0
Investment income and dividends$61,160
Net rental income$0
Net gain from sale of non-inventory assets$59,119
Gross sales of inventory$0
Miscellaneous revenues$23,097
Total revenues$143,376

Form 990s for The Cole Family Foundation

Fiscal year endingDate received by IRSFormPDF link
2023-122024-05-02990PFView PDF
2022-122023-04-19990PFView PDF
2021-122022-04-07990PFView PDF
2020-122021-03-31990PFView PDF
2019-122020-09-11990PRView PDF
...and 8 more Form 990s
Data update history
August 11, 2023
Posted financials
Added Form 990PF for fiscal year 2021
June 15, 2023
Posted financials
Added Form 990PF for fiscal year 2022
August 11, 2022
Posted financials
Added Form 990PF for fiscal year 2020
August 19, 2021
Posted financials
Added Form 990R for fiscal year 2019
November 25, 2019
Posted financials
Added Form 990PF for fiscal year 2018
Nonprofit Types
Grantmaking organizationsPrivate foundationsPrivate non-operating foundationsCharities
Issues
EducationHuman services
Characteristics
ChristianReligiousProvides grantsPartially liquidatedState / local levelTax deductible donationsNo full-time employees
General information
Address
224 Creekside Dr
Salisbury, MD 21804
Metro area
Salisbury, MD-DE
County
Wicomico County, MD
Phone
(410) 742-0404
IRS details
EIN
52-1512544
Fiscal year end
December
Taxreturn type
Form 990-PF
Year formed
1987
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
T20: Private Foundations
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Independent
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