Form 990 for tax year 2022
Filed by CALVIN COOLIDGE PRESIDENTIAL FOUNDATION INC.
Totals
- Total revenue
- $3,037,230
- Total expenses
- $3,989,913
- Contributions and grants received
- $2,989,048
- Grants paid
- $1,302,343
- Program service revenue
- $3,256
- Investment income
- $111,040
- Other revenue
- -$66,114
- Total assets, end of year
- $28,685,698
- Total liabilities, end of year
- $103,261
- Net assets or fund balances, end of year
- $28,582,437
- Program services expenses (Part IX)
- $3,018,953
- Management and general expenses
- $595,943
- Fundraising expenses
- $375,017
- Program service expenses (Part III)
- $3,018,953
Program services were 75.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1c · Fundraising events
$335,247
-
1f · All other contributions, gifts and grants
$2,653,801
-
1g · Noncash contributions included above
$204,946
-
2a · Program service revenue: Membership Dues & Assessments
total $3,256 · related or exempt $3,256
-
3 · Investment income
total $111,040 · related or exempt $111,040
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8a · Fundraising events: gross income
$15,170
-
8a · Fundraising events: contributions included on line 1c
$335,247
-
8b · Fundraising events: direct expenses
$89,527
-
8c · Net income from fundraising events
total -$74,357 · excluded -$74,357
-
9c · Net income from gaming
total $0
-
10a · Gross sales of inventory
$15,210
-
10b · Cost of goods sold
$6,967
-
10c · Net income from sales of inventory
total $8,243 · related or exempt $8,243
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $1,302,343 · program services $1,302,343
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $1,057,389 · program services $619,995 · management and general $196,021 · fundraising $241,373
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $297,239 · program services $174,285 · management and general $55,103 · fundraising $67,851
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $58,998 · program services $21,244 · management and general $29,500 · fundraising $8,254
-
10 · Payroll taxes
total $71,035 · program services $41,651 · management and general $13,169 · fundraising $16,215
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $62,419 · program services $62,419
-
11c · Fees: accounting
total $51,496 · management and general $51,496
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $2,816 · management and general $2,816
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $38,420 · program services $22,531 · management and general $7,117 · fundraising $8,772
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $154,698 · management and general $154,698
-
17 · Travel
total $40,630 · program services $35,510 · management and general $3,473 · fundraising $1,647
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $46,244 · management and general $46,244
-
23 · Insurance
total $13,863 · management and general $13,863
-
24a · Other expenses: PROGRAM EXPENSES
total $721,219 · program services $721,219
-
24b · Other expenses: OTHER FUNDRAISING EXPENSES
total $28,572 · fundraising $28,572
-
24c · Other expenses: DUES & SUBSCRIPTIONS
total $10,860 · management and general $10,860
-
24d · Other expenses: RESEARCH EXPENSE
total $10,072 · program services $10,072
-
24e · All other expenses
total $21,600 · program services $7,684 · management and general $11,583 · fundraising $2,333
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,200,421 · end of year $933,663
-
2 · Savings and temporary cash investments
end of year $0
-
3 · Pledges and grants receivable
beginning of year $1,444,827 · end of year $813,462
-
4 · Accounts receivable
end of year $0
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
beginning of year $21,190 · end of year $21,614
-
9 · Prepaid expenses and deferred charges
beginning of year $13,920 · end of year $42,638
-
10a · Land, buildings and equipment: cost or other basis
$1,546,686
-
10b · Land, buildings and equipment: accumulated depreciation
$965,720
-
10c · Land, buildings and equipment, net
beginning of year $591,921 · end of year $580,966
-
11 · Investments: publicly traded securities
beginning of year $14,990,467 · end of year $13,236,805
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
beginning of year $8,662 · end of year $7,134
-
15 · Other assets
beginning of year $15,310,981 · end of year $13,049,416
-
17 · Accounts payable and accrued expenses
beginning of year $67,818 · end of year $103,261
-
27 · Net assets without donor restrictions
beginning of year $4,807,145 · end of year $28,582,437
-
28 · Net assets with donor restrictions
beginning of year $28,707,426
Mission and programs · 2022
Mission
TO PERPETUATE THE MEMORY OF CALVIN COOLIDGE,THE 30TH PRESIDENT OF THE UNITED STATES THROUGH EDUCATION.
-
The Coolidge Scholarship The Foundation operates a merit scholarship program that awards full undergraduate scholarships to outstanding high school students. The scholarship program attracts thousands of students each year, each of whom learns about President Coolidge and his values through the course of applying for the scholarship. The Coolidge Foundation conducts a rigorous, multi-stage, review process that culminates with interviews with a finalist jury. Since 2016, thirty-two Coolidge Scholarships have been awarded. Finalists are also awarded a smaller one-time scholarship. The chief criterion is academic excellence. Secondary criteria include interest in policy, appreciation of the values Coolidge championed, humility, and service.
Expenses $1,292,395 · Grants $1,148,466
-
The Coolidge Foundation hosts programs around the country that seek to educate and to perpetuate the memory and legacy of President Calvin Coolidge. In addition to programs described in 4a and 4c, these programs include a national high school debate program that emphasizes Coolidge related topics, content, and instruction, a Coolidge-themed event/lecture series, the Coolidge quarterly, a bi-weekly e-newsletter, an active website with educational materials, and history education programs at the President Calvin Coolidge State Historic Site for students of all ages.
Expenses $1,218,331
-
Coolidge Senators Program -- The Coolidge Senators Program honors the top applicants to the Coolidge Scholarship by hosting them at the annual Coolidge Senators Summit in Washington, DC. While in Washington the students tour all three branches of government, attend seminars with nationally known policy experts and business leaders, and engage in formal debates on issues in public policy. The students remain engaged with the Coolidge Foundation through the Coolidge Senators Network.
Expenses $310,854 · Grants $104,515
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
AMITY SHLAES
TRUST/CHAIR&CEO
- Total calculated
- $480,762
- From this org
- $449,327
- From related orgs
- $0
- Other
- $31,435
- Hours/week
- 50 + 1 related
Schedule J breakdown matched by us
- Base
- $299,327
- Bonus
- $150,000
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- $31,435
- Filer's total
- $480,762
-
MATTHEW DENHART
President
- Total calculated
- $340,738
- From this org
- $310,000
- From related orgs
- $0
- Other
- $30,738
- Hours/week
- 50 + 1 related
Schedule J breakdown matched by us
- Base
- $200,000
- Bonus
- $110,000
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- $30,738
- Filer's total
- $340,738
-
Colleen Stamos
Dir,Coolidge House
- Total calculated
- $125,742
- From this org
- $109,154
- From related orgs
- $0
- Other
- $16,588
- Hours/week
- 40
-
Jared Rhoads
Dir, Debate
- Total calculated
- $110,149
- From this org
- $104,904
- From related orgs
- $0
- Other
- $5,245
- Hours/week
- 30
-
E DAVID COOLIDGE
Trustee/V Chair
- Total calculated
- $0
- Hours/week
- 1
-
ROBERT A CERASOLI
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
JENNIFER HARVILLE
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
JAMES H DOUGLAS
TRUST/VICECHAIR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
ROBY HARRINGTON III
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
CHRISTOPHER C JETER
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
VLAD CORIC
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
K ALAN HASSENFLU
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
CHRIS NUNN
Trustee
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
GARLAND TUCKER III
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
JOHN CHILDS
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
CHRISTOPHER COX
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
STEVE FORBES
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
SANDRA E GALE
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
ROBERT LUDDY
TRUST/Treasurer
- Total calculated
- $0
- Hours/week
- 1
-
BOYDEN GRAY
Trustee
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
KURT SCHMOKE
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
JANICE ROGERS BROWN
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
MICHAEL ARONSTEIN
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
RICHARD R HOUGH III
Trustee/Sec
- Total calculated
- $0
- Hours/week
- 1
-
JUDGE EDITH JONES
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
MICHAEL BLOCK
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
JENNIFER MCCAIN
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
JOHN COCHRANE
Trustee
- Total calculated
- $0
- Hours/week
- 1
-
ELIZABETH HEMENWAY
Trustee
- Total calculated
- $0
- Hours/week
- 1
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Independent compensation consultant
- 3 · Form 990 of other organizations
- 3 · Written employment contract
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
CALVIN COOLIDGE PRESIDENTIAL FUND INC
501C3 · SUPPORT MISSION OF CC PRESIDENTIAL FDN · DE · controlled entity
Directly controlled by CALVIN COOLIDGE PRESIDENTIAL FOUNDATION
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
CHARITABLE REMAINDER TRUST
TRUST · SPLIT INTEREST AGREEMENT · FL
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 15 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202323199349327452
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