Cole Foundation INC

Pittsburgh, PA · Supporting organization · Hospitals

✓ Tax-deductible
Revenue
$195K
-72% vs prior year
Spent
$235K
To programs
94%
Net assets
$2.0M
By yearFY2020–FY2022
Revenue
$195K
FY2022▼ -72%
Revenue by fiscal year
FY2020$124K
FY2021$693K
FY2022$195K
Expenses
$235K
FY2022▲ +8%
Expenses by fiscal year
FY2020$116K
FY2021$218K
FY2022$235K
Net assets
$2.0M
FY2022▼ -15%
Net assets by fiscal year
FY2020$1.4M
FY2021$2.3M
FY2022$2.0M

From the FY2022 Form 990 (year ending June 2022) · see the original

Status and standing

Is it real, and can you give to it?

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
No filing since FY2022 — 5 yrs
Legal name (IRS)Hdr · item CCole Foundation INC
EINHdr · item D45-5417308
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFJan 1983
Latest filingForm 990FY2022 · Form 990-T
Principal addressHdr · item CPittsburgh, PA
NTEE classificationIRS BMFHospitals (E220)

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.94 Management & general $0.06
Program services94%$220K
Management & general6%$15K
Total functional expensesLn 25$235K

Financial health

Is it on solid ground?

Summary of the Filing

Part I · fiscal year 2022 · Form 990-T
Total assets
$2.4M
FY2022▼ -8%
Total assets by fiscal year
FY2020$1.5M
FY2021$2.6M
FY2022$2.4M
Total liabilities
$366K
FY2022▲ +74%
Total liabilities by fiscal year
FY2020$100K
FY2021$211K
FY2022$366K
Revenue less expensesPt I · Ln 19−$40K
Total assetsPt X · Ln 16$2.4M
Program-expense ratioPt IX · col B94%
Voting members of governing bodyPt I · Ln 310
Independent voting membersPt I · Ln 47

Balance Sheet

Part X · end of year
CashLn 1$84K
Total assetsLn 16$2.4M
Total liabilitiesLn 26$366K
Total net assetsLn 32$2.0M
Months of cash on handcomputed4.3

Statement of Revenue

Part VIII
Contributions & grants$181K · 93%
Other revenue$14K · 7%
Contributions & grants93%$181K
Other revenue7%$14K
Investment income$135
Total revenueLn 12$195K

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Vice Chair
$0Pt VII · Sec A
Assist Secretary/Treasurer
$0Pt VII · Sec A
Assist Secretary/Treasurer
$0Pt VII · Sec A
Ex Officio
$0Pt VII · Sec A
Executive Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Cole Foundation INC executive salaries →

Are you one of these people? Claim this org to confirm your role

Governance & Policies

Part VI
  • 10Voting board membersPt VI · Ln 1a
  • 7Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aYes
  • Whistleblower policyPt VI · Ln 13Yes
  • Document retention policyPt VI · Ln 14Yes
  • Top official’s pay independently reviewedPt VI · Ln 15aNo
  • Family or business ties among leadersPt VI · Ln 2Yes

Mission and programs

What it does.

Raises funds through community events and gift shop sales to support and enhance healthcare services at the Charles Cole Memorial Hospital.

Provided by the organization

This section is blank until Cole Foundation INC claims this page.

Know this organization? Claim it to add your story

Mission & Programs · Part III

Where the work happens

1 program service account for $220K of program spending, described in the organization's own filed words · FY2021.
01

The cole foundation operates the gift shop. Net gift shop profits were approximately $1,000. In addition, the cole foundation holds several special events each year, including the annual golf tournament that raised $28,700, the annual light up a life tree lighting event that raised approximately $16,500, and operation appreciation that…

$220Kprogram expense

Run this program? Claim this org to tell your story

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Group ReturnFY2024$8K
Total grants receivedfrom 1 funder$8K
Grants paid · 5 grants · $188K · 2019–2021
Hendorn INC Cole ManorPA · FY2021$50,000
Hendorn INC Cole ManorPA · FY2020$15,000

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2022 Latest Viewing $195K$235K-72% 990 PDF
FY2021 $693K$218K+459% 990 PDF
FY2020 $124K$116K 990 PDF

Want to add your own materials alongside these filings? Claim this org

Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

Similar organizations you could support

Closest in mission — by what they do
See all organizations like Cole Foundation INC →

Run this organization? Claim this page

Compare

Search another nonprofit to view revenue, expenses, assets, key metrics, and leaders side by side

Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.
Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the peer-cohort and compensation comparisons above.