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Cole Family Foundation

  • Salisbury, MD
  • Tax-exempt since Dec. 1987
  • EIN: 52-1512544

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Human Services — Multipurpose and Other / Transportation, Free or Subsidized (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$164k (2024)

Expenses
$225k (2024)

Total Assets
$1.56M (2024)

Total Liabilities
$14.5k (2024)

Source: Form 990 tax filings from 2011 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$163,538
Expenses
$225,031
Net Income
-$61,493
Net Assets
$1,544,478
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $4
0.0%
Dividends $61,727
37.7%
Sales of Assets $101,807
62.3%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $119,376
53.0%
Compensation of Officers* $46,875
20.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $1,558,990
Total Liabilities $14,512
Net Assets $1,544,478
Compensation
Key Employees and Officers Compensation Other
William Hughlett Cole (President/Treasurer) $31,250 $0
Carol Cole (Vp/Secretary) $15,625 $0
D Eric Wiseley (Board Member) $0 $0
Micah R Cole (Board Member) $0 $0
Jacob T Cole (Board Member) $0 $0
Bethany Cole Saldana (Board Member) $0 $0
Erin R Cole (Board Member) $0 $0
+ View more people

Document Links

990-PF
Filed on May 6, 2025

Primary tax return for a private foundation's activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$143,376
Expenses
$197,873
Net Income
-$54,497
Net Assets
$1,605,971
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $3
0.0%
Dividends $61,157
42.7%
Sales of Assets $59,119
41.2%
Other Income $23,097
16.1%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $109,321
55.2%
Compensation of Officers* $37,500
19.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $1,617,710
Total Liabilities $11,739
Net Assets $1,605,971
Compensation
Key Employees and Officers Compensation Other
William Hughlett Cole (President/Treasurer) $25,000 $0
Carol Cole (Vp/Secretary) $12,500 $0
D Eric Wiseley (Board Member) $0 $0
Micah R Cole (Board Member) $0 $0
Jacob T Cole (Board Member) $0 $0
Bethany Cole Saldana (Board Member) $0 $0
Erin R Cole (Board Member) $0 $0
+ View more people

Document Links

990-PF
Filed on May 2, 2024

Primary tax return for a private foundation's activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$128,833
Expenses
$204,902
Net Income
-$76,069
Net Assets
$1,660,468
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $1
0.0%
Dividends $61,650
47.9%
Sales of Assets $61,064
47.4%
Other Income $6,118
4.7%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $106,348
51.9%
Compensation of Officers* $37,500
18.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $1,684,607
Total Liabilities $24,139
Net Assets $1,660,468
Compensation
Key Employees and Officers Compensation Other
William Hughlett Cole (President/Treasurer) $25,000 $0
Carol Cole (Vp/Secretary) $12,500 $0
D Eric Wiseley (Board Member) $0 $0
Micah R Cole (Board Member) $0 $0
Jacob T Cole (Board Member) $0 $0
Bethany Cole Saldana (Board Member) $0 $0
Erin R Cole (Board Member) $0 $0
+ View more people

Document Links

990-PF
Filed on April 19, 2023

Primary tax return for a private foundation's activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$225,593
Expenses
$205,838
Net Income
$19,755
Net Assets
$1,736,537
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $2
0.0%
Dividends $57,308
25.4%
Sales of Assets $149,832
66.4%
Other Income $18,451
8.2%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $111,465
54.2%
Compensation of Officers* $37,500
18.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $1,748,480
Total Liabilities $11,943
Net Assets $1,736,537
Compensation
Key Employees and Officers Compensation Other
William Hughlett Cole (President/Treasurer) $25,000 $0
Carol Cole (Vp/Secretary) $12,500 $0
D Eric Wiseley (Board Member) $0 $0
Micah R Cole (Board Member) $0 $0
Jacob T Cole (Board Member) $0 $0
Bethany Cole Saldana (Board Member) $0 $0
Erin R Cole (Board Member) $0 $0
+ View more people

Document Links

990-PF
Filed on April 7, 2022

Primary tax return for a private foundation's activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$157,249
Expenses
$176,962
Net Income
-$19,713
Net Assets
$1,716,782
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $3
0.0%
Dividends $60,219
38.3%
Sales of Assets $67,838
43.1%
Other Income $29,189
18.6%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $99,338
56.1%
Compensation of Officers* $37,500
21.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $1,737,102
Total Liabilities $20,320
Net Assets $1,716,782
Compensation
Key Employees and Officers Compensation Other
William Hughlett Cole (President/Treasurer) $25,000 $0
Carol Cole (Vp/Secretary) $12,500 $0
D Eric Wiseley (Board Member) $0 $0
Micah R Cole (Board Member) $0 $0
Jacob T Cole (Board Member) $0 $0
Bethany Cole Saldana (Board Member) $0 $0
Erin R Cole (Board Member) $0 $0
+ View more people

Document Links

990-PF
Filed on March 31, 2021

Primary tax return for a private foundation's activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$174,119
Expenses
$195,523
Net Income
-$21,404
Net Assets
$1,736,495
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $5
0.0%
Dividends $64,527
37.1%
Sales of Assets $62,712
36.0%
Other Income $46,875
26.9%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $97,120
49.7%
Compensation of Officers* $37,500
19.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $1,756,815
Total Liabilities $20,320
Net Assets $1,736,495
Compensation
Key Employees and Officers Compensation Other
William Hughlett Cole (President/Treasurer) $25,000 $0
Carol Cole (Vp/Secretary) $12,500 $0
D Eric Wiseley (Board Member) $0 $0
Micah R Cole (Board Member) $0 $0
Jacob T Cole (Board Member) $0 $0
Bethany Cole Saldana (Board Member) $0 $0
Erin R Cole (Board Member) $0 $0
+ View more people

Document Links

990-PF
Filed on April 9, 2020

Primary tax return for a private foundation's activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$174,599
Expenses
$213,597
Net Income
-$38,998
Net Assets
$1,757,899
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $8
0.0%
Dividends $61,882
35.4%
Sales of Assets $95,636
54.8%
Other Income $17,073
9.8%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $100,746
47.2%
Compensation of Officers* $37,500
17.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $1,769,519
Total Liabilities $11,620
Net Assets $1,757,899
Compensation
Key Employees and Officers Compensation Other
William Hughlett Cole (President/Treasurer) $25,000 $0
Carol Cole (Vp/Secretary) $12,500 $0
D Eric Wiseley (Board Member) $0 $0
Micah R Cole (Board Member) $0 $0
Jacob T Cole (Board Member) $0 $0
Bethany Cole Saldana (Board Member) $0 $0
Erin R Cole (Board Member) $0 $0
+ View more people

Document Links

990-PF
Filed on March 29, 2019

Primary tax return for a private foundation's activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$130,156
Expenses
$167,891
Net Income
-$37,735
Net Assets
$1,796,897
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $11
0.0%
Dividends $59,849
46.0%
Sales of Assets $51,332
39.4%
Other Income $18,964
14.6%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $91,357
54.4%
Compensation of Officers* $37,500
22.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $1,809,347
Total Liabilities $12,450
Net Assets $1,796,897
Compensation
Key Employees and Officers Compensation Other
William Hughlett Cole (President/Treasurer) $25,000 $0
Carol Cole (Vp/Secretary) $12,500 $0
D Eric Wiseley (Board Member) $0 $0
Micah R Cole (Board Member) $0 $0
Jacob T Cole (Board Member) $0 $0
Bethany Cole Saldana (Board Member) $0 $0
Erin R Cole (Board Member) $0 $0
+ View more people

Document Links

990-PF
Filed on April 13, 2018

Primary tax return for a private foundation's activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$82,521
Expenses
$170,166
Net Income
-$87,645
Net Assets
$2,383,112
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $11
0.0%
Dividends $63,027
76.4%
Sales of Assets -$5,937
Other Income $25,420
30.8%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $90,417
53.1%
Compensation of Officers* $37,500
22.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $2,395,227
Total Liabilities $12,115
Net Assets $2,383,112
Compensation
Key Employees and Officers Compensation Other
William Hughlett Cole (President/Treasurer) $25,000 $0
Carol Cole (Vp/Secretary) $12,500 $0
D Eric Wiseley (Board Member) $0 $0
Micah R Cole (Board Member) $0 $0
Jacob T Cole (Board Member) $0 $0
Bethany L Cole (Board Member) $0 $0
Erin R Cole (Board Member) $0 $0
+ View more people

Document Links

990-PF
Filed on May 12, 2017

Primary tax return for a private foundation's activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$178,031
Expenses
$168,079
Net Income
$9,952
Net Assets
$2,470,757
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $24
0.0%
Dividends $65,285
36.7%
Sales of Assets $80,390
45.2%
Other Income $32,332
18.2%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $79,789
47.5%
Compensation of Officers* $37,500
22.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $2,482,423
Total Liabilities $11,666
Net Assets $2,470,757
Compensation
Key Employees and Officers Compensation Other
William Hughlett Cole (President/Treasurer) $25,000 $0
Carol Cole (Vp/Secretary) $12,500 $0
D Eric Wiseley (Board Member) $0 $0
Micah R Cole (Board Member) $0 $0
Jacob T Cole (Board Member) $0 $0
Bethany L Cole (Board Member) $0 $0
Erin R Cole (Board Member) $0 $0
+ View more people

Document Links

990-PF
Filed on May 13, 2016

Primary tax return for a private foundation's activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$223,849
Expenses
$87,579
Net Income
$136,270
Net Assets
$2,460,805
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $9
0.0%
Dividends $60,904
27.2%
Sales of Assets $143,162
64.0%
Other Income $19,774
8.8%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $29,415
33.6%
Compensation of Officers* $12,574
14.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $2,464,766
Total Liabilities $3,961
Net Assets $2,460,805
Compensation
Key Employees and Officers Compensation Other
Carol Cole (Vp/Secretary) $12,574 $0
D Eric Wiseley (Board Member) $0 $0
Micah R Cole (Board Member) $0 $0
Jacob T Cole (Board Member) $0 $0
Bethany L Cole (Board Member) $0 $0
Erin R Cole (Board Member) $0 $0
William Hughlett Cole (President/Treasurer) $0 $0
+ View more people

Document Links

990-PF
Filed on May 14, 2015

Primary tax return for a private foundation's activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$129,515
Expenses
$83,810
Net Income
$45,705
Net Assets
$2,324,535
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $6
0.0%
Dividends $52,538
40.6%
Sales of Assets $65,059
50.2%
Other Income $11,912
9.2%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $26,887
32.1%
Compensation of Officers* $12,128
14.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $2,335,546
Total Liabilities $11,011
Net Assets $2,324,535
Compensation
Key Employees and Officers Compensation Other
Carol Cole (Vp/Secretary) $12,128 $0
D Eric Wiseley (Board Member) $0 $0
Micah R Cole (Board Member) $0 $0
Jacob T Cole (Board Member) $0 $0
Bethany L Cole (Board Member) $0 $0
Erin R Cole (Board Member) $0 $0
William Hughlett Cole (President/Treasurer) $0 $0
+ View more people

Document Links

990-PF
Filed on May 15, 2014

Primary tax return for a private foundation's activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$137,988
Expenses
$100,075
Net Income
$37,913
Net Assets
$2,278,830
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $2
0.0%
Dividends $59,899
43.4%
Sales of Assets $74,777
54.2%
Other Income $3,310
2.4%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $31,218
31.2%
Compensation of Officers* $12,253
12.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $2,283,805
Total Liabilities $4,975
Net Assets $2,278,830

Document Links

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$164,779
Expenses
$84,203
Net Income
$80,576
Net Assets
$2,240,917
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $1,927
1.2%
Interest Revenue $4
0.0%
Dividends $42,641
25.9%
Sales of Assets $120,148
72.9%
Other Income $59
0.0%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $24,836
29.5%
Compensation of Officers* $9,600
11.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $2,252,754
Total Liabilities $11,837
Net Assets $2,240,917

Document Links

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF
PDF (2 of 2)

Fiscal Year Ending June
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending June
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2003

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2002

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2001

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

About This Data

What Is This Data?

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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About Nonprofit Explorer

Nonprofit Explorer

Browse millions of annual returns filed by tax-exempt organizations with ProPublica’s Nonprofit Explorer. See details like executive compensation, revenue, expenses and more. Search for an organization or a person, or search the full text of filings.

By Andrea Suozzo, Alec Glassford, Ash Ngu and Brandon Roberts.

Design by Jeff Frankl. Additional development by Ken Schwencke, Mike Tigas, and Sisi Wei.

E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

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