Nonprofit · EIN 52-1907361
THE COLE FOUNDATION INC
Tax-exempt · FALLSTON, MD 21047
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $194,211 | $111,582 | $82,629 | $2,309,202 | $2,168 | $2,307,034 |
| December 31, 2023 | 990-PF | $108,253 | $139,959 | -$31,706 | $2,225,133 | $728 | $2,224,405 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Dividends
- $54,128
- Interest
- $10,088
- Net gain from sales of assets
- $115,082
- Other income
- $14,913
Expenses
- Grants and similar amounts paid
- $80,000
- Disbursements for charitable purposes
- $80,000
- Excise tax on investment income
- $2,171
Balance sheet and other
- Total assets, start of year
- $2,225,133
- Total assets, end of year
- $2,309,202
- Total liabilities, end of year
- $2,168
- Net assets, end of year
- $2,307,034
- Fair market value of assets
- $2,498,605
- Qualifying distributions
- $80,000
- Net investment income
- $180,024
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-PF for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BARBARA S FORD 2106 LIPPIZAN COURT, FALLSTON, MD 21047 | PRESIDENT | 0 | $0 |
| CHELSEA HEUMAN 1719 CANNONGATE ROAD, FOREST HILL, MD 21050 | DIRECTOR | 0 | $0 |
| BETH L MACK 215 E MAIN STREET, LITITZ, PA 17543 | VICE PRESIDE | 0 | $0 |
| ELLEN L COLE 1015 E WHEEL ROAD, BEL AIR, MD 21015 | DIRECTOR | 0 | $0 |
| BONNIE J COLE 340 DONALD CIRCLE, FOREST HILL, MD 21050 | DIRECTOR | 0 | $0 |
| ALISON MARCH 803 BYNUM RUN COURT, BEL AIR, MD 21015 | DIRECTOR | 0 | $0 |
| BRENDAN FORD 61 CEDAR CHIP COURT, BALTIMORE, MD 21234 | DIRECTOR | 0 | $0 |
990-PF for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BARBARA S FORD 2106 LIPPIZAN COURT, FALLSTON, MD 21047 | PRESIDENT | 0 | $0 |
| BETTE ANN TASSONE 516 YAWL DRIVE, OCEAN CITY, MD 21842 | DIRECTOR | 0 | $0 |
| BETH L MACK 215 E MAIN STREET, LITITZ, PA 17543 | VICE PRESIDE | 0 | $0 |
| ELLEN L COLE 1015 E WHEEL ROAD, BEL AIR, MD 21015 | DIRECTOR | 0 | $0 |
| BONNIE J COLE 340 DONALD CIRCLE, FOREST HILL, MD 21050 | DIRECTOR | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 2106 LIPPIZAN CT, FALLSTON, MD 21047-1627
- In care of
- % BARBARA S FORD
- Signed the 990-PF
- BARBARA S FORD, PRESIDENT
- Phone
- (410) 242-0600
- Return prepared by
- JONES ADVISORY LLC
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 52-1907361
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 1995
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T20Z)
- Assets (IRS master file)
- $2,309,202
- Income (IRS master file)
- $1,061,419
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $194,211 | $111,582 | $2,309,202 | XML |
| 990-T | December 2024 | – | – | – | IRS |
| 990-PF | December 2023 | $108,253 | $139,959 | $2,225,133 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-PF | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 52-1907361).
Questions about THE COLE FOUNDATION INC
- What is the EIN of THE COLE FOUNDATION INC?
- The employer identification number (EIN) of THE COLE FOUNDATION INC is 52-1907361.
- Is THE COLE FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1995.
- Are donations to THE COLE FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does THE COLE FOUNDATION INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of THE COLE FOUNDATION INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did THE COLE FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2024.
- Who are the officers and directors of THE COLE FOUNDATION INC?
- The 990-PF for the year ended December 31, 2024 lists 7 people; 0 received compensation from the organization.
- How much revenue does THE COLE FOUNDATION INC have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $194,211, expenses of $111,582 and total assets of $2,309,202 at year end.
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