Max and Lorayne Cooper Foundation

Tax-deductible

Birmingham, AL501(c)(3)Foundations & GrantmakersEIN 54-6828582

501(c)(3) charity; gifts are tax-deductible.
$100K paid to officers and key staff.
Status: IRS Pub. 78 · Pay: Part VII

Before you give

FY2024 · Form 990-PFIndependent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990-PF
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 5
filings with a surplus
Average deficit $817K a year · 68% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
990-PF Pt I · 5 filings
Pay to officers and key staff
$100K
to officers and key staff · 3% of spending
Looks good: pay to officers and key staff is 3% of spending; 15% or less.
990-PF Pt VIII
Cash reserves
2 mo
of spending, in cash
Fine: 2.1 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$3K
0.01% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
990-PF Pt II
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.7M
+80% vs prior year
Spent
$2.9M
Net assets
$25.5M
By yearFY2020–FY2024
Revenue
$1.7M
FY2024▲ +80%
Revenue by fiscal year
FY2020$263K
FY2021$2.0M
FY2022$1.0M
FY2023$967K
FY2024$1.7M
Expenses
$2.9M
FY2024▲ +30%
Expenses by fiscal year
FY2020$773K
FY2021$1.7M
FY2022$2.5M
FY2023$2.2M
FY2024$2.9M
Net assets
$25.5M
FY2024▼ -4%
Net assets by fiscal year
FY2020$29.1M
FY2021$29.4M
FY2022$28.0M
FY2023$26.7M
FY2024$25.5M

From the FY2024 Form 990 · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 2013.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

What each dollar paid for.

Grants & contributions paid 88% · $2.6M Operating & administrative 12% · $356K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

2 people listed on the 990-PF; $100K paid to officers and key staff.

Part VII, Section A · reportable compensation
$50,000Pt VII · Sec A
$50,000Pt VII · Sec A
See Max and Lorayne Cooper Foundation executive salaries →

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Programs and updates

A private foundation based in Birmingham, AL.

Provided by the organization

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Grants and how to apply

Who it funds, and how to ask.

Who They Fund

Part XV · grants paid · 12 grants · $2.6M · 2024–2024
Blount County Education Foundation INCFY2024$630,000
I3 AcademyAL · FY2024$562,000
New Schools for AlabamaAL · FY2024$510,000
Cornerstone SchoolFY2024$189,529
Tarrant Board of EducationFY2024$154,200
Teach for America AlabamaFY2024$150,000
Foundations Early Learning CenterFY2024$77,000
Holy Family Cristo Rey Catholic SchoolFY2024$61,494
The Hope InstituteFY2024$50,000
Alabama Giving INCAL · FY2024$800

Grantmaking Profile

Patterns in foundation giving
Distinct granteesPart XV5
Average grantPart XV$213K
Median grantPart XV$154K
Largest grantPart XV$630K
Top cause focusNTEEEducation (33%)

By the numbers

The FY2024 990-PF, line by line.

1The main four
Money in
$1.7M
Investment income$1.7M
Gifts and grants$855
Money out
$2.9M
Grants paid$2.6M
Running costs$356K
Owns and owes
$25.5M
net assets
Cash and savings$501K
Total assets$25.5M
Liabilities$3K
People
2
listed
Paid2
2In more detail
Revenue in detail
Gifts and grants$855
Investment income$1.7M
Total revenue$1.7M
Assets in detailEnd of year
Cash and savings together$501K
Total assets$25.5M
Liabilities$3K
Net assets$25.5M
Operations
Fiscal year endsDecember

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $1.7M$2.9M−$1.2M$25.5M 990 PDF
FY2023 $967K$2.2M−$1.3M$26.7M 990 PDF
FY2022 $1.0M$2.5M−$1.4M$28.0M 990 PDF
FY2021 $2.0M$1.7M$294K$29.4M 990 PDF
FY2020 $263K$773K−$510K$29.1M 990 PDF

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Schedules filed Part IV

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

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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