Coles Foundation in Ironwood, Michigan (MI)

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Coles Foundation
Employer Identification Number (EIN)264186206
Name of OrganizationColes Foundation
Address460 W Cloverland Dr, Ironwood, MI 49938-1008
SubsectionCharitable Organization
Ruling Date05/2009
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2013
Assets$10,000 to $24,999
Income$25,000 to $99,999
Filing Requirement990 (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


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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%

Financial snapshot ($)

Revenue for 2013

Revenue, Expenses, and Changes in Net Assets or Fund Balances
201120122013
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
201120122013
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
201120122013
Did the organization engage in any significant activity not previously reported to the IRS?NoNo
Were any significant changes made to the organizing or governing documents?NoNo
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNoNoNo
Has the organization filed a Form 990-T for the year?NoNo
Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year?NoNo
Amount of political expenditures, direct or indirect$0$0
Did the organization file Form 1120-POL for this year?NoNo
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?NoNo
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?NoNo
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?NoNo
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 supported0
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
IdNameAddressStateEstablishedTotal Income
1Poetice201 W Washington Ave Ste 310, Zeeland, MI 49464-1086MI2011-05$1,025,962
2Shades Of Pink Foundation21805 14 Mile Road, Beverly Hills, MI 48025-2660MI2012-03$236,254
3Coles Foundation460 W Cloverland Dr, Ironwood, MI 49938-1008MI2009-05$54,066
4Samantha Gooley Foundation19900 E 9 Mile Rd, St Clr Shores, MI 48080-1756MI2007-01$46,123
5Emily Stillman Foundation30057 Orchard Lake Road, Farmington Hills, MI 48334-2263MI2014-10$41,792
6Knit Michigan Inc47 E Flint St, Lake Orion, MI 48362-3222MI2009-06$19,207
7Guiding Star Foundation859 Health Park Blvd, Grand Blanc, MI 48439-7383MI2014-07$298
860-Mile Men2232 S Main Street 179, Ann Arbor, MI 48103MI2008-08$0
9Battle Creek Blaze67 Robinson Dr, Battle Creek, MI 49017MI2008-09$0
10Befriend Eb40270 Ryan Road, Sterling Heights, MI 48310MI2003-12$0
11Brazenly Bold For Breast Cancer Inc, Bold For The Cure1500 E Medical Center Dr 2g332h, Ann Arbor, MI 48109MI2011-09$0
12Charles Cobb Foundation44444 Broadmoor Blvd, Northville, MI 48168MI2013-03$0
13Deandres Cause Inc24953 Meaddowbrook Rd, Novi, MI 48375-2853MI2013-01$0
14Embrace The Day Foundation756 Loggers Circle, Rochester, MI 48307MI2011-11$0
15Hope Memorial Foundation IncW5886 14 Lane, Wallace, MI 49893MI2013-04$0
16Jackson Asthma Coalition1100 E Michigan Ste 102, Jackson, MI 49201MI2007-02$0
17Jacqueline E Bayley Foundation, Jebf Jeb Foundation1395 Antietam Ave 40, Detroit, MI 48207MI2014-03$0
18Jordan Thomas Wachler Foundation210 E Third Street Suite 204, Royal Oak, MI 48067MI2013-01$0
19Kids Gala A David C Mcknight Foundation16771 Abby Cir, Northville, MI 48168-3462MI2014-08$0
20Michigan Health Endowment Fund201 Townsend St Capitol View Bldg, Lansing, MI 48913-0001MI2014-10$0
Number of organizations performing similar types of work
Alabama12
Arkansas9
Arizona30
California149
Colorado30
Connecticut25
District of Columbia2
Delaware2
Florida100
Georgia39
Hawaii2
Iowa8
Idaho2
Illinois61
Indiana16
Kansas10
Kentucky16
Louisiana16
Massachusetts42
Maryland31
Maine5
Michigan33
Minnesota34
Missouri26
Mississippi5
Montana8
North Carolina49
Nebraska10
New Hampshire6
New Jersey66
New Mexico4
Nevada7
New York108
Ohio44
Oklahoma9
Oregon12
Pennsylvania62
Rhode Island14
South Carolina12
South Dakota1
Tennessee19
Texas102
Utah10
Virginia40
Vermont6
Washington24
Wisconsin32
West Virginia3
Wyoming3
International3
Total1,359

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