Eugene M Cole Foundation-trust
Only null% goes to programs Strong reserves Growing revenue
Eugene M Cole Foundation-trust is a 501(c)(3) organization based in Huntersville, North Carolina, registered in 1945, with $332,695 in FY2024 revenue. CharityIndex grades it C+.
13816 Professional Ctr Dr 100, Huntersville, NC, 28078 EIN 56-6002294 Since 1945
Revenue (FY2024)
$333K
▲ 26.0% vs prior year
Religion median: $139K
Expenses (FY2024)
$249K
Net assets
$3.6M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Eugene M Cole Foundation-trust— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
B+Financial health25% of the rating172 mo reserves · +25% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Eugene M Cole Foundation-trust: 172 mo reserves · +25% margin earns a B+ on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Eugene M Cole Foundation-trust— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Eugene M Cole Foundation-trust: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- 13816 Professional Ctr Dr 100, Huntersville, NC, 28078
- City
- Huntersville
- State
- North Carolina
- Category
- Religion-Related
- Subcategory
- Christian Churches & Ministries
Financial trends
Revenue grew from $215K (FY2019) to $333K (FY2024) across 6 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $3.6M
Operating margin
25.2%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$3.6M
Total liabilities
$0
Net assets
$3.6M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $332,695▲26.0% | $248,901▲12.8% | $3,561,727▲2.4% | $3,561,727▲2.4% | 990 |
| 2023 | $264,073▲19.8% | $220,735▲0.1% | $3,477,933▲1.3% | $3,477,933▲1.3% | 990 |
| 2022 | $220,472▼21.6% | $220,599▼8.5% | $3,434,595 | $3,434,595 | 990 |
| 2021 | $281,376▲13.6% | $241,155▲15.0% | $3,434,722▲1.2% | $3,434,722▲1.2% | 990 |
| 2020 | $247,616▲15.2% | $209,643▲3.9% | $3,394,501▲1.1% | $3,394,501▲1.1% | 990 |
| 2019 | $214,931 | $201,813 | $3,356,528 | $3,356,528 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
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Frequently asked questions
- Is Eugene M Cole Foundation-trust a legitimate nonprofit?
- Yes. Eugene M Cole Foundation-trust is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 56-6002294, based in Huntersville, North Carolina. Donations are tax-deductible.
- What is Eugene M Cole Foundation-trust's EIN?
- Eugene M Cole Foundation-trust's Employer Identification Number (EIN) is 56-6002294.
- How much revenue does Eugene M Cole Foundation-trust report?
- Eugene M Cole Foundation-trust reported $332,695 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Eugene M Cole Foundation-trust have?
- CharityIndex grades Eugene M Cole Foundation-trust C+, based on financial health (reserves and operating margin).
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Data for Eugene M Cole Foundation-trust (EIN 56-6002294) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.