Overview
What is Cole Foundation Inc?
Cole Foundation Inc, based in Coudersport, Pennsylvania, is a nonprofit organization committed to supporting and enhancing the work of UPMC Cole. The foundation raises funds through various activities, such as a golf tournament, annual tree lighting event, and Operation Appreciation, generating approximately $44,000 in total during the fiscal year 2022. Additionally, the foundation operates a gift shop, yielding approximately $1,000 in profits. The primary mission of Cole Foundation Inc is to promote awareness of community needs and connect donors to these needs, while also providing financial support to UPMC Cole, totaling $21,890 in 2022. The organization's modest staff of one person contributes to its operations.
Official website here: www.yourcolefoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97%, Four-Star out of Four Star Rating
The Cole Foundation Inc has received a high score of 97%, reflecting a strong commitment to accountability and financial health. This rating is based solely on a comprehensive evaluation of the organization's accountability and finance metrics, indicating that the foundation has established robust governance practices and effective financial management.
Notable strengths include a majority of independent board members, with 70% independence, and a well-structured board that adheres to best practices in governance. Additionally, the foundation has demonstrated excellent program expense management, channeling 95.35% of its expenses directly to its programs. These factors contribute to its strong financial integrity.
However, while the rating is impressive, it is essential for potential donors and stakeholders to consider ongoing transparency and the impact of the foundation's work. The absence of noted material diversions of assets and the presence of multiple policies for governance further enhance its credibility, but continuous monitoring of its effectiveness and outreach will be crucial for long-term success.
This AI summary has been generated from information found on Charity Navigator.
Is Cole Foundation Inc legitimate?
Cole Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cole Foundation Inc 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $69,228
For more financial information, click here
Official website here: www.yourcolefoundation.org
What is the mission statement of Cole Foundation Inc?
The Cole Foundation is a non-profit organization committed to supporting and enhancing the work of UPMC Cole. Its mission is to promote awareness of the needs and goals of UPMC Cole and identify potential donors, connecting them to these needs. The foundation operates a gift shop and organizes several special events annually, such as the golf tournament, tree lighting event, and Operation Appreciation, which raise funds to support UPMC Cole's operations. In addition, the Cole Foundation provides financial support to the Charles Cole Memorial Hospital. During the fiscal year 2022, the foundation's total support amounted to $21,890.
Official website here: www.yourcolefoundation.org
What is the revenue of Cole Foundation Inc?
Cole Foundation Inc's revenue in 2022 was $195,438.
Official website here: www.yourcolefoundation.org
Who are the executives of Cole Foundation Inc and what are their salaries?
The average compensation at Cole Foundation Inc during 2022 was $69,228. There is 1 employee and 7 volunteers at Cole Foundation Inc.
Here are 12 key members and their salaries:
- Compensation: $0
- Related: $855,027
- Other: $64,193
- Compensation: $0
- Related: $282,802
- Other: $34,303
- Compensation: $0
- Related: $292,699
- Other: $0
- Compensation: $0
- Related: $145,445
- Other: $29,668
- Compensation: $0
- Related: $67,988
- Other: $4,186
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.yourcolefoundation.org
Where can I find the form 990 for Cole Foundation Inc?
Cole Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.yourcolefoundation.org
Learn more at the official website: www.yourcolefoundation.org
Mission Statement of Cole Foundation Inc
Cole Foundation Inc, a non-profit organization, is committed to supporting and enhancing the work of UPMC Cole. Their mission is to promote awareness of the needs and goals of UPMC Cole within its communities and connect donors to these needs. The foundation operates by identifying the requirements of UPMC Cole and facilitating contributions from donors to meet these needs. In addition to this, Cole Foundation Inc contributes financially to the operation of Charles Cole Memorial Hospital, providing crucial support during fiscal year 2022 to the tune of $21,890. The foundation also engages in various activities to raise funds, such as hosting annual events like the golf tournament, the Light Up a Life tree lighting event, and Operation Appreciation, which collectively generated around $45,000 in revenues during the same fiscal year.
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Impact
October, 2024
Cole Foundation Inc plays a significant role in enhancing healthcare services and community well-being in Coudersport, PA, particularly through its support of UPMC Cole. By operating a gift shop that generates approximately $1,000 in profits, the foundation contributes directly to the funding of healthcare initiatives.
Moreover, Cole Foundation Inc organizes various special events that foster community engagement and raise substantial funds. For instance, the annual golf tournament raised $28,700, while the Light Up a Life event brought in approximately $16,500. Additionally, Operation Appreciation contributed $4,700. Through these efforts, the foundation not only raises necessary resources—totaling $21,890 in support for the year—but also promotes awareness of community health needs and goals.
By connecting donors with these needs, Cole Foundation Inc effectively enhances the operations of the Charles Cole Memorial Hospital, ultimately contributing to the overall health and vitality of the local community it serves.
This information is meant to be a general summary of Cole Foundation Inc. 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 2022.
- Investment Income: $135
- Gross Receipts: $206,571
Assets and Liabilities:
- Total Assets: $2,362,233
- Total Liabilities: $366,269
- Net Assets: $1,995,964
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Organization Details
Founding Year
2012
Principal Officer
Janie Hilfiger
Website
www.yourcolefoundation.orgNTEE Category
Code: E220 - Health
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