Coles Foundation in Ironwood, Michigan (MI)
Table of contents:
| Coles Foundation | |
| Employer Identification Number (EIN) | 264186206 |
| Name of Organization | Coles Foundation |
| Address | 460 W Cloverland Dr, Ironwood, MI 49938-1008 |
| Subsection | Charitable Organization |
| Ruling Date | 05/2009 |
| Deductibility | Contributions are deductible |
| Foundation | Organization which receives a substantial part of its support from a governmental unit or the general public |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $10,000 to $24,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $18,312 |
| Amount of Income | $54,066 |
| Form 990 Revenue Amount | $53,831 |
| National Taxonomy of Exempt Entities (NTEE) | Diseases, Disorders, Medical Disciplines: Fund Raising and/or Fund Distribution |
Non-representatives - add comments:
Amount of income in 2013: $54,066 (it was $119,533 in 2012)
| Coles Foundation: | $54,066 |
| Other organizations performing similar types of work: | $63,282 |
Assets in 2013: $18,312 (it was $32,571 in 2012)
| Coles Foundation: | $18,312 |
| Other organizations performing similar types of work: | $31,552 |
Expenses in 2013: $67,310
| This organization: | $67,310 |
| Other organizations performing similar types of work: | $40,991 |
Income to expenses ratio in 2013: 0.8
| Coles Foundation: | 0.8 |
| Other organizations performing similar types of work: | 3.3 |
Grants share in income in 2013: 94.3%
| This organization: | 94.3% |
| Other organizations performing similar types of work: | 100.0% |
Revenue for 2013
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $56,888 | $96,312 | $53,831 |
| Contributions, gifts, grants, and similar amounts received | $47,771 | $89,471 | $50,766 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $0 | $0 | $0 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $9,117 | $6,841 | $3,065 |
| Gross income from gaming | $0 | $0 | $0 |
| Gross income from fundraising events | $25,050 | $30,062 | $3,300 |
| Less: direct expenses from gaming and fundraising events | $15,933 | $23,221 | $235 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 |
| Total expenses | $58,356 | $79,315 | $67,310 |
| Total net assets | $13,794 | $30,791 | $17,312 |
| Excess/Deficit for the year | $-1,468 | $16,997 | $-13,479 |
| Net assets or fund balances at beginning of year | $15,262 | $13,794 | $30,791 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $30,791 | $17,312 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $15,822 | $32,571 | $18,312 |
| Total liabilities | $2,028 | $1,780 | $1,000 |
| Net assets or fund balances | $13,794 | $30,791 | $17,312 |
| Other Information | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No | |
| Were any significant changes made to the organizing or governing documents? | No | No | |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | No | No |
| Has the organization filed a Form 990-T for the year? | No | No | |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No | |
| Amount of political expenditures, direct or indirect | $0 | $0 | |
| Did the organization file Form 1120-POL for this year? | No | No | |
| Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return? | No | No | |
| Total amount involved | $0 | $0 | |
| Initiation fees and capital contributions | $0 | $0 | $0 |
| Gross receipts for public use of club facilities | $0 | $0 | $0 |
| Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ? | No | No | |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | No | |
| Reason for Public Charity Status (for 2013) | |
| The organization is not a private foundation because it is: | An organization that normally receives: (1) more than 33 1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975 |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Section 509(a)(2) (for 2009 - 2013) | |
| 2009 - 2013 Total | |
|---|---|
| Public support | $385,356 |
| Subtotal | $385,356 |
| Gifts, grants, contributions, and membership fees received | $385,356 |
| Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose | $0 |
| Gross receipts from activities that are not an unrelated trade or business under section 513 | $0 |
| Tax revenues levied for the organization's benefit and either paid to or expended on its behalf | $0 |
| The value of services or facilities furnished by a governmental unit to the organization without charge | $0 |
| Less | $0 |
| Amounts received from disqualified persons | $0 |
| Amounts received from other than disqualified persons that exceed the greater of $5,000 or 1% of the total support | $0 |
| Total support | $385,356 |
| Public support | $385,356 |
| Subtotal | $0 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $0 |
| Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975 | $0 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
| Other income | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Poetice | 201 W Washington Ave Ste 310, Zeeland, MI 49464-1086 | MI | 2011-05 | $1,025,962 |
| 2 | Shades Of Pink Foundation | 21805 14 Mile Road, Beverly Hills, MI 48025-2660 | MI | 2012-03 | $236,254 |
| 3 | Coles Foundation | 460 W Cloverland Dr, Ironwood, MI 49938-1008 | MI | 2009-05 | $54,066 |
| 4 | Samantha Gooley Foundation | 19900 E 9 Mile Rd, St Clr Shores, MI 48080-1756 | MI | 2007-01 | $46,123 |
| 5 | Emily Stillman Foundation | 30057 Orchard Lake Road, Farmington Hills, MI 48334-2263 | MI | 2014-10 | $41,792 |
| 6 | Knit Michigan Inc | 47 E Flint St, Lake Orion, MI 48362-3222 | MI | 2009-06 | $19,207 |
| 7 | Guiding Star Foundation | 859 Health Park Blvd, Grand Blanc, MI 48439-7383 | MI | 2014-07 | $298 |
| 8 | 60-Mile Men | 2232 S Main Street 179, Ann Arbor, MI 48103 | MI | 2008-08 | $0 |
| 9 | Battle Creek Blaze | 67 Robinson Dr, Battle Creek, MI 49017 | MI | 2008-09 | $0 |
| 10 | Befriend Eb | 40270 Ryan Road, Sterling Heights, MI 48310 | MI | 2003-12 | $0 |
| 11 | Brazenly Bold For Breast Cancer Inc, Bold For The Cure | 1500 E Medical Center Dr 2g332h, Ann Arbor, MI 48109 | MI | 2011-09 | $0 |
| 12 | Charles Cobb Foundation | 44444 Broadmoor Blvd, Northville, MI 48168 | MI | 2013-03 | $0 |
| 13 | Deandres Cause Inc | 24953 Meaddowbrook Rd, Novi, MI 48375-2853 | MI | 2013-01 | $0 |
| 14 | Embrace The Day Foundation | 756 Loggers Circle, Rochester, MI 48307 | MI | 2011-11 | $0 |
| 15 | Hope Memorial Foundation Inc | W5886 14 Lane, Wallace, MI 49893 | MI | 2013-04 | $0 |
| 16 | Jackson Asthma Coalition | 1100 E Michigan Ste 102, Jackson, MI 49201 | MI | 2007-02 | $0 |
| 17 | Jacqueline E Bayley Foundation, Jebf Jeb Foundation | 1395 Antietam Ave 40, Detroit, MI 48207 | MI | 2014-03 | $0 |
| 18 | Jordan Thomas Wachler Foundation | 210 E Third Street Suite 204, Royal Oak, MI 48067 | MI | 2013-01 | $0 |
| 19 | Kids Gala A David C Mcknight Foundation | 16771 Abby Cir, Northville, MI 48168-3462 | MI | 2014-08 | $0 |
| 20 | Michigan Health Endowment Fund | 201 Townsend St Capitol View Bldg, Lansing, MI 48913-0001 | MI | 2014-10 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 1,359 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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