Overview
What is Cothm Foundation?
The Cothm Foundation, located at 1848 Nandina Lane, Philadelphia, Pennsylvania, is a nonprofit organization dedicated to generating investment income. Their primary mission is to invest donations and generate profits, which they then contribute to other 501 C 3 organizations. As per their articles of organization, they aim to follow Article 4.1, with the ultimate goal of aiding and supporting various charitable causes. The Cothm Foundation makes contributions from the generated investment income to Cry of the Heart Ministries, a 501 C 3 organization, in the amount of $15,852. The organization, led by Stephen Velencik, operates with the intent to contribute positively to the nonprofit sector.
Is Cothm Foundation legitimate?
Cothm Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cothm Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
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What is the mission statement of Cothm Foundation?
The Cothm Foundation, as outlined in its articles of organization, aims to invest donations and generate profits to support and contribute to other 501 C 3 organizations. The organization follows Article 4.1 of its articles, using the income generated from investments to provide aid. Notably, a significant portion of this generated income has been contributed to Cry of the Heart Ministries, another 501 C 3 organization. This financial support is part of the Cothm Foundation's mission to provide assistance to various charitable organizations.
Who is the CEO of Cothm Foundation?
Stephen Velenchik is the President of Cothm Foundation.
What is the revenue of Cothm Foundation?
Cothm Foundation's revenue in 2021 was $44,802.
Who are the executives of Cothm Foundation and what are their salaries?
There 2 volunteers at Cothm Foundation.
Here are 5 key members and their salaries:
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Where can I find the form 990 for Cothm Foundation?
Cothm Foundation's most recent form 990 was submitted in 2021 and can be accessed here.
Mission Statement of Cothm Foundation
The Cothm Foundation, a nonprofit organization, is committed to investing donations with the aim of generating profits. This profit-generating strategy serves as a means to provide support and contribute to other 501 C 3 organizations. In accordance with Article 4.1 of its Articles of Organization, the Cothm Foundation has made contributions in the form of investment income, totaling $15,852, to Cry of the Heart Ministries, another 501 C 3 organization. Through its financial investments, the Cothm Foundation seeks to aid and support other nonprofits, contributing to their missions and causes.
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Impact
August, 2024
The Cothm Foundation's impact lies in its strategic approach to investing donations to generate profits in order to provide support to various 501(c)(3) organizations, including Cry of the Heart Ministries. By following Article 4.1 of its articles of organization, Cothm Foundation aims to make a significant contribution to the nonprofit sector by leveraging financial resources for the benefit of charitable causes. With a focus on international outreach, the Foundation's mission reflects a commitment to sustainability and growth in its philanthropic endeavors.
This information is meant to be a general summary of Cothm Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2021.
- Investment Income: $44,802
- Gross Receipts: $21,566,228
Assets and Liabilities:
- Total Assets: $399,191
- Total Liabilities: $0
- Net Assets: $399,191
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Organization Details
Founding Year
2004
Phone
(512) 309-7003Principal Officer
Stephen Velenchik
Main Address
1848 NANDINA LANE, Philadelphia, PA, 191163503
NTEE Category
Code: Q31 - International
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