Richard And Susan Cote Family Foundation
EIN: 467169920 · Clearwatr Bch, FL · NTEE: T22
| Metric | Value |
|---|---|
| Total Revenue | $866K |
| Total Expenses | $162K |
| Net Assets | $3.3M |
Is Richard And Susan Cote Family Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Richard And Susan Cote Family Foundation
Richard And Susan Cote Family Foundation (EIN: 467169920) is a nonprofit organization based in Clearwatr Bch, FL, classified under NTEE code T22. The organization reported total revenue of $866K and total assets of $3.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Richard And Susan Cote Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Richard And Susan Cote Family Foundation is a small nonprofit that has been operating for 12 years, with 8 years of IRS 990 filings on record (2013–2023). Revenue has grown at a compound annual rate of 8.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $490K |
| Total Expenses | $162K |
| Surplus / Deficit | +$329K |
| Total Assets | $3.3M |
| Total Liabilities | $1 |
| Net Assets | $3.3M |
| Operating Margin | 67.0% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 242.8 months |
Financial Health Grade: A
In 2023, Richard And Susan Cote Family Foundation reported a surplus of $329K with revenue exceeding expenses, holds 242.8 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 8 years of filings (2013–2023), Richard And Susan Cote Family Foundation's revenue has grown at a compound annual growth rate (CAGR) of 8.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +274.0% | -2.0% | +11.2% |
| 2022 | -89.8% | -24.2% | -1.1% |
| 2021 | +476.0% | +110.1% | +56.1% |
| 2020 | -35.5% | +8.3% | +6.7% |
| 2019 | +28.2% | +113.2% | +311.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2014 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Richard And Susan Cote Family Foundation has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Richard And Susan Cote Family Foundation with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $329K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Frequently Asked Questions about Richard And Susan Cote Family Foundation
Is Richard And Susan Cote Family Foundation a legitimate charity?
Richard And Susan Cote Family Foundation (EIN: 467169920) is a registered tax-exempt nonprofit based in Florida. It has 8 years of IRS 990 filings on record. Total revenue: $866K. No red flags identified. Financial health grade: A.
How does Richard And Susan Cote Family Foundation spend its money?
Richard And Susan Cote Family Foundation reported $866K in total revenue in IRS 990 filings. 8 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Richard And Susan Cote Family Foundation tax-deductible?
Richard And Susan Cote Family Foundation is registered as a tax-exempt nonprofit (EIN: 467169920). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Richard And Susan Cote Family Foundation located?
Richard And Susan Cote Family Foundation is headquartered in Clearwatr Bch, Florida and files with the IRS under EIN 467169920. It is classified under NTEE code T22.
How many years of IRS 990 filings does Richard And Susan Cote Family Foundation have?
Richard And Susan Cote Family Foundation has 8 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $866K in total revenue.
Filing History
IRS 990 filing history for Richard And Susan Cote Family Foundation showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2013–2023), Richard And Susan Cote Family Foundation's revenue has grown by 121.1%, moving from $222K to $490K. Total assets increased by 1386.6% over the same period, from $220K to $3.3M. Total functional expenses rose by 32231%, from $500 to $162K. In its most recent filing year (2023), Richard And Susan Cote Family Foundation reported a surplus of $329K, with revenue exceeding expenses. The organization holds $1 in liabilities against $3.3M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $3.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $490K | $162K | $3.3M | $1 | — | View 990 |
| 2022 | $131K | $165K | $2.9M | $1 | — | View 990 |
| 2021 | $1.3M | $218K | $3.0M | $1 | — | View 990 |
| 2020 | $223K | $104K | $1.9M | $1 | — | View 990 |
| 2019 | $346K | $96K | $1.8M | $1 | — | View 990 |
| 2015 | $270K | $45K | $435K | $1 | — | View 990 |
| 2014 | $214K | $48K | $210K | $1 | — | View 990 |
| 2013 | $222K | $500 | $220K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $490K, expenses of $162K, and assets of $3.3M (revenue +274.0% year-over-year).
- 2022: Revenue of $131K, expenses of $165K, and assets of $2.9M (revenue -89.8% year-over-year).
- 2021: Revenue of $1.3M, expenses of $218K, and assets of $3.0M (revenue +476.0% year-over-year).
- 2020: Revenue of $223K, expenses of $104K, and assets of $1.9M (revenue -35.5% year-over-year).
- 2019: Revenue of $346K, expenses of $96K, and assets of $1.8M (revenue +28.2% year-over-year).
- 2015: Revenue of $270K, expenses of $45K, and assets of $435K (revenue +26.0% year-over-year).
- 2014: Revenue of $214K, expenses of $48K, and assets of $210K (revenue -3.3% year-over-year).
- 2013: Revenue of $222K, expenses of $500, and assets of $220K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Richard And Susan Cote Family Foundation:
Data Sources and Methodology
This transparency report for Richard And Susan Cote Family Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.