Nonprofit · EIN 58-1686023
COCA-COLA SCHOLARS FOUNDATION INC
Tax-exempt · ATLANTA, GA 30313
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $5,973,150 | $6,870,443 | -$897,293 | $72,399,676 | $393,848 | $72,005,828 |
| December 31, 2023 | 990 | $6,166,791 | $7,245,211 | -$1,078,420 | $69,869,565 | $358,467 | $69,511,098 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $3,371,335
- Program service revenue
- $0
- Investment income
- $2,601,815
- Net gain from sales of assets
- -$41,497
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $3,054,686
- Compensation of officers, directors and key employees
- $599,677
- Other salaries and wages
- $630,988
- Salaries, compensation and benefits (total)
- $1,487,469
- Professional fundraising fees
- $8,586
- Legal fees
- $32,137
- Accounting fees
- $35,500
- Travel
- $296,462
- Depreciation
- $2,270
- Program services (functional)
- $5,773,367
- Management and general (functional)
- $911,582
- Fundraising (functional)
- $185,494
Balance sheet and other
- Total assets, start of year
- $69,869,565
- Total assets, end of year
- $72,399,676
- Total liabilities, end of year
- $393,848
- Net assets, end of year
- $72,005,828
- Land, buildings and equipment
- $1,374
- Publicly traded securities
- $71,014,977
- Net assets without donor restrictions
- $70,418,068
- Net assets with donor restrictions
- $1,587,760
- Gross receipts
- $66,943,792
- Employees
- 8
- Year formed
- 1986
- State of legal domicile
- DE
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 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JANE HOPKINS | PRESIDENT & SECRETARY Officer | 40 | $310,000 | $59,150 |
| LAQUANDA PRINCE | CFO & TREASURER Officer | 40 | $182,775 | $40,136 |
| JAMES WILLIAMS | SR. DIRECTOR SCHOLARHIP Highest-paid employee | 40 | $166,250 | $45,738 |
| LAUREN O' BRIEN | SR MANAGER, COMMUNICATIONS Highest-paid employee | 40 | $115,175 | $23,027 |
| ERICIA WARD | SR MANAGER OPERATIONS Highest-paid employee | 40 | $108,930 | $22,534 |
| CAROLYN NORTON | SR MANAGER ALUMNI COMMUNITY Highest-paid employee | 40 | $104,825 | $22,011 |
| KIRK TYLER | CHAIRMAN Trustee or director | 2 | $0 | $0 |
| JUNIOR BRIDGEMAN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MARK FRANCOEUR | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JOHN GOULD | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ANGELA HARRELL | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| CRAWFORD JONES | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| DAN WHITE | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| T MARTIN WILLIAMS | BOARD MEMBER Trustee or director | 40 | $0 | $0 |
| MORGAN EVERETT | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
2 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ALISA FISER | BOARD MEMBER Trustee or director | 1 | $0 |
| SEAN LEE | BOARD MEMBER Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 18 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JANE HOPKINS | PRESIDENT & SECRETARY Officer | 40 | $272,500 | $52,815 |
| JAMES WILLIAMS | HIGHEST COMPENSATED Highest-paid employee | 40 | $162,000 | $46,081 |
| LAQUANDA PRINCE | TREASURER Officer | 40 | $142,000 | $36,862 |
| ERICIA WARD | HIGHEST COMPENSATED Highest-paid employee | 40 | $106,500 | $22,401 |
| CAROLYN NORTON | HIGHEST COMPENSATED Highest-paid employee | 40 | $103,000 | $22,214 |
| LAUREN O' BRIEN | HIGHEST COMPENSATED Highest-paid employee | 40 | $103,000 | $20,103 |
| KIRK TYLER | CHAIRMAN Trustee or director | 2 | $0 | $0 |
| JUNIOR BRIDGEMAN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| LISA CHANG | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JOSH DORMINY | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MARK FRANCOEUR | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JOHN GOULD | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ANGELA HARRELL | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| CRAWFORD JONES | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| BEATRIZ PEREZ | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| PAMELA STEWART | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| DAN WHITE | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| T MARTIN WILLIAMS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1 COCA-COLA PLAZA NAT 9, ATLANTA, GA 30313-2420
- In care of
- % LAQUANDA PRINCE
- Principal officer (990 for 2024)
- Jane Hopkins, 1 Coca-Cola Plaza NAT 9, Atlanta, GA 30313
- Signed the 990
- Jane Hopkins, President
- Phone
- (404) 733-5434
- Website
- www.coca-colascholars.org
- Return prepared by
- SMITH & HOWARD ADVISORY LLC
Mission
BY AWARDING POST-SECONDARY SCHOLARSHIPS, THE COCA-COLA SCHOLARS FOUNDATION EXISTS TO DEVELOP AN INFLUENTIAL COMMUNITY OF SERVICE-MINDED LEADERS, CONNECTED BY COCA-COLA, WHO POSITIVELY SHAPE THE WORLD.
Program accomplishments
- DURING 2024, THE COCA-COLA SCHOLARS FOUNDATION MADE PAYMENTS TOTALING $2,611,686 FOR THE COCA-COLA SCHOLARS FOUNDATION SCHOLARSHIPS, CRAWFORD T. JOHNSON, III SCHOLARSHIPS, AND CORINTH SCHOLARSHIP. IN 2024, THE COCA-COLA SCHOLARS FOUNDATION ALSO CONTRIBUTED $443,000 TO PHI THETA KAPPA. THESE CONTRIBUTIONS WILL BE USED BY PHI THETA KAPPA AND AACC TO PROVIDE 350 SCHOLARSHIPS TO TWO-YEAR COLLEGE STUDENTS CURRENTLY ENROLLED IN A TWO-YEAR INSTITUTION OR MAKING THE TRANSITION FROM A TWO-YEAR COLLEGE TO A FOUR-YEAR UNIVERSITY.Expenses $5,773,367 · grants $3,054,686
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. 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 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 58-1686023
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1986
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B820)
- Assets (IRS master file)
- $72,399,676
- Income (IRS master file)
- $66,943,792
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $5,973,150 | $6,870,443 | $72,399,676 | XML |
| 990 | December 2023 | $6,166,791 | $7,245,211 | $69,869,565 | XML |
| 990 | December 2022 | $8,693,738 | $5,006,629 | $66,704,418 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | 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 58-1686023).
Questions about COCA-COLA SCHOLARS FOUNDATION INC
- What is the EIN of COCA-COLA SCHOLARS FOUNDATION INC?
- The employer identification number (EIN) of COCA-COLA SCHOLARS FOUNDATION INC is 58-1686023.
- Is COCA-COLA SCHOLARS FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1986.
- Are donations to COCA-COLA SCHOLARS FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does COCA-COLA SCHOLARS FOUNDATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of COCA-COLA SCHOLARS 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 COCA-COLA SCHOLARS FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of COCA-COLA SCHOLARS FOUNDATION INC?
- The 990 for the year ended December 31, 2024 names Jane Hopkins.
- Who are the officers and directors of COCA-COLA SCHOLARS FOUNDATION INC?
- The 990 for the year ended December 31, 2024 lists 17 people; 6 received compensation from the organization, the highest $310,000 (JANE HOPKINS, PRESIDENT & SECRETARY).
- How much revenue does COCA-COLA SCHOLARS FOUNDATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $5,973,150, expenses of $6,870,443 and total assets of $72,399,676 at year end.
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