2019-11-15T14:58:14-08:00 2018-12-31 030310172 OBrien Shortle Reynolds & Sabotka PC 54 North Main Street Rutland VT 05701 990 2018-01-01 036009701 CALVIN COOLIDGE PRESIDENTIAL FOUNDATION INC CALV 8026723389 BOX 97 PLYMOUTH VT 05056 AMITY SHLAES CHAIR & CEO 2019-11-15 true Gwen Flewelling P01283080 8027738344 2018 2020-03-31 21:24:44Z AMITY SHLAES BOX 97 PLYMOUTH VT 05056 10815907 false false X HTTPS://COOLIDGEFOUNDATION.ORG X 1960 VT TO PERPETUATE THE MEMORY OF CALVIN COOLIDGE,THE 30TH PRESIDENT OF THE UNITED STATES THROUGH EDUCATION. 24 23 8 150 0 10463039 10284979 11065 1638 91578 489164 -12513 -78173 10553169 10697608 219788 369586 0 564252 749514 0 188795 598974 753923 1383014 1873023 9170155 8824585 12703698 20635818 47875 31266 12655823 20604552 X TO PERPETUATE THE MEMORY OF CALVIN COOLIDGE,THE 30TH PRESIDENT OF THE UNITED STATES THROUGH EDUCATION. false false 624961 200 1638 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 4b and 4c, these programs include a Coolidge-themed event/lecture series, a Washington, DC Summit for high schoolers focused on the Coolidge presidency, the Calvin Writing Prize for Vermont youth, the Coolidge quarterly, a 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. 408668 309386 The Coolidge Scholarship The Foundation operates a merit scholarship program that awards full-ride 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 in-person interviews with a finalist jury. Since 2016, ten Coolidge Scholarships have been awarded. Finalist are also awarded a smaller one-time scholarship. The chief criterion is academic excellence. Secondary criteria include interest in policy, appreciation for the values Coolidge championed, humility, and service. 157501 20000 Debate Program The Foundation operates a high school debate program that emphasizes Coolidge-related topics and content instruction. The hallmark of the debate program is the Coolidge Cup, a national debate tournament with contests held around the country that culminate in a championship tournament held at the President Calvin Coolidge State Historic Site in Plymouth, Vermont each summer. In addition to the Cup, the Foundation also operates the Coolidge Debate League and hosts shorter debate training days for groups and schools. Hundreds participate in the debate program each year. 136436 40000 1327566 true true false false false false false true false true true false false true false true true false false false false false false false true false false true true true false false false false false false false false true false false true false false false false false false false false true 63 0 true 8 true false false false false false false false false 0 false false false false false false false false false false false false X 24 23 false false true false false false false true true false false false true true true true true true true false AK AL AR CA CO CT DC FL GA HI IL KS KY MA MD ME MI MN NC ND NH NJ NM NY OH OK PA RI SC TN UT VA WA WI WV X X MATTHEW DENHART 8026723389 PO BOX 97 PLYMOUTH VT 05056 E DAVID COOLIDGE Trustee 1.00 0.00 X 0 0 0 ROBERT A CERASOLI TRUST/VICECHAIR 1.00 0.00 X X 0 0 0 HEIDI B ELDRED Trustee 1.00 0.00 X 0 0 0 JAMES H DOUGLAS TRUST/VICECHAIR 1.00 0.00 X X 0 0 0 ROBY HARRINGTON III Trustee 1.00 0.00 X 0 0 0 CHRISTOPHER C JETER TRUST/Treasurer 1.00 0.00 X X 0 0 0 JENNIFER HARVILLE Trustee 1.00 0.00 X 0 0 0 AMBASSADOR C BOYDEN GRAY Trustee 1.00 0.00 X 0 0 0 K ALAN HASSENFLU Trustee 1.00 0.00 X 0 0 0 DR JOHN TOMASI Trustee 1.00 0.00 X 0 0 0 REBEKAH MERCER Trustee 1.00 0.00 X 0 0 0 CHRIS NUNN Trustee 1.00 0.00 X 0 0 0 GARLAND TUCKER III Trustee 1.00 0.00 X 0 0 0 DAVID C JOHNSON JR Trustee 1.00 0.00 X 0 0 0 JENNIFER L FOSTER Trustee 1.00 0.00 X 0 0 0 DAVID C JOHNSON Trustee 1.00 0.00 X 0 0 0 SANDRA E GALE Trustee 1.00 0.00 X 0 0 0 ROBERT LUDDY TRUST/Treasurer 1.00 0.00 X X 0 0 0 THOMAS COOLEY Trustee 1.00 0.00 X 0 0 0 AMITY SHLAES TRUST/CHAIR&CEO 50.00 0.00 X X 265000 0 27007 KURT SCHMOKE Trustee 1.00 0.00 X 0 0 0 ARTHUR E CROWLEY JR TRUST/Secretary 1.00 0.00 X X 0 0 0 RICHARD R HOUGH III Trustee 1.00 0.00 X 0 0 0 JUDGE EDITH JONES Trustee 1.00 0.00 X 0 0 0 THOMAS LOVETT Trustee 1.00 0.00 X 0 0 0 JENNIFER MCCAIN Trustee 1.00 0.00 X 0 0 0 MATTHEW DENHART Executive Dir. 50.00 0.00 X 199538 0 24052 464538 51059 2 false true false 0 426828 9858151 35637 10284979 HIGH SCHOOL DEBATES Membership Dues & Assessments 611710 1638 1638 1638 489164 489164 0 0 0 0 28065 426828 110181 -82116 -82116 0 12061 8118 3943 3943 0 10697608 494745 -82116 10000 10000 359586 359586 0 0 515597 299046 97963 118588 0 172914 100290 32854 39770 0 19985 11708 3712 4565 41018 23791 7793 9434 0 136852 11151 125701 24150 24150 0 0 0 1887 1368 519 0 10631 6235 1970 2426 0 0 26533 26533 40238 20120 12071 8047 0 0 0 0 38589 38589 12927 12927 PROGRAM EXPENSES 408657 408657 RESEARCH EXPENSE 11749 11749 MAINTENANCE TO HISTORIC CHURCH 11049 11049 Printing and Publications 8407 4930 1557 1920 22254 9297 8912 4045 1873023 1327566 356662 188795 531691 947729 0 3225481 2892340 93250 110500 0 0 0 10937 10937 28728 8244 1339999 804409 532506 535590 7774148 7785141 0 0 34663 22463 472294 8322874 12703698 20635818 47082 31266 793 47875 31266 X 2203800 2176330 6869971 14846170 3582052 3582052 12655823 20604552 12703698 20635818 8824585 -872367 -3489 X false true X true false X 808579 1117401 1336381 10474104 10286617 24023082 7214 8441 15117 8454 12061 51287 0 0 0 815793 1125842 1351498 10482558 10298678 24074369 409913 727152 790619 4294496 8902008 15124188 0 409913 727152 790619 4294496 8902008 15124188 8950181 39926 47008 45444 91578 211354 435310 0 39926 47008 45444 91578 211354 435310 0 0 855719 1172850 1396942 10574136 10510032 24509679 0.36520 0.54600 0.01780 0.01820 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 133342 X X X X false 4461193 -286509 1413 4018791 1186432 3000000 287259 12498 4461193 1099190 98495 11253 1186432 509765 605113 -9034 6654 1099190 488089 21676 509765 0.11000 0.89000 false false false 1208156 672850 535306 39572 39288 284 92271 92271 535590 Beneficial Interest in CRT 7583249 Coolidge Scholars Program Cash 487209 Memorabilia 133342 8322874 X 10538098 118299 118299 10419799 277809 277809 10697608 1991322 118299 118299 1873023 1873023 Part III, Line 4: Description of organization's collections and how it furthers its purpose. THE ORGANIZATION OWNS A MODEST COLLECTION OF HISTORICAL DOCUMENTS, MEMORABILIA, AND ARTWORK RELATED TO THE LIFE, CAREER, AND LEGACY OF PRESIDENT CALVIN COOLIDGE. THIS COLLECTION IS USED TO FURTHER THE FOUNDATION'S MISSION THROUGH PUBLIC EDUCATION AND PRESERVATION. ITEMS FROM THE COLLECTION, ON OCCASION, ARE LOANED TO OTHER TAX-EXEMPT AND GOVERNMENTAL ORGANIZATIONS FOR EDUCATIONAL USE. Part X : FIN48 Footnote The Foundation is tax exempt under provisions of IRS Section 501(c)(3) and as such pays no tax on its exempt function income.Accounting principles generally accepted in the United States of America require management to evaluate tax positions taken by the Foundation and recognize a tax liability (or asset) if the Foundation has taken an uncertain position that more-likely-than-not would not be sustained upon examination by the Internal Revenue Service. Management has analyzed the tax positions taken by the Foundation, and has concluded that as of December 31, 2018, there are no uncertain positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the financial statements. The Foundation is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. Management believes it is no longer subject to income tax examinations for years prior to 2015. Part XI, Line 2d: Other revenue amounts included in F/S but not included on form 990 NETTED: DIRECT FUNDRAISING EXPENSES $110181 NETTED: COST OF GOODS SOLD $8118 Part XI, Line 4b: Other revenue amounts included on 990 but not included in F/S REALIZED GAINS $277809 Part XII, Line 2d: Other expenses and losses per audited F/S NETTED: DIRECT FUNDRAISING EXPENSES $110181 NETTED: COST OF GOODS SOLD $8118 false FALL EVENT 431153 417703 13450 2050 38646 44749 AUGUST GALA DINNER 20440 9125 11315 6206 11864 2966 451593 426828 24765 8256 50510 47715 106481 -81716 Part I, Line 2b - Fundraiser Additional Information Fall Event in New York City true NEW YORK CITY URBAN DEBATE LE 25 BROADWAY 12TH FL NEW YORK NY 10004 455249743 10000 0 SPONSOR DEBATES 0 1 YOUTH WRITING PRIZES 2 2000 DEBATE AWARDS 4 10000 COOLIDGE SCHOLARSHIPS 6 269386 FINALIST AWARDS 8 40000 COOLIDGE SENATOR AWARDS 38 38000 COOLIDGE 5K RACE PRIZES 2 200 X X X X X false false false false false false false false false false AMITY SHLAES TRUST/CHAIR&CEO 265000 27007 292007 MATTHEW DENHART Executive Dir. 199538 24052 223590 FRED WAINWRIGHT FORMER TRUST 3489 INVESTMENT FEES false AMITY SHLAES CHAIRMAN & C 292007 COMP & BENEFITS false Schedule L, Part V Supplemental Information FRED WAINWRIGHT, A FORMER TRUSTEE OF THE CALVIN COOLIDGE PRESIDENTIAL FOUNDATION, SERVED AS A PORTFOLIO MANAGER MANAGING THE FOUNDATION'S INVESTMENTS AT LEDYARD BANK IN HANOVER, NH. MR WAINWRIGHT WAS PAID AS AN EMPLOYEE OF LEDYARD BANK. THE COOLIDGE FOUNDATION PAID INVESTMENT FEES TO LEDYARD BANK. THE TERMS OF THESE FEES WERE NO MORE ONEROUS THAN THE TERMS OF FEES CHARGED OTHER ORGANIZATIONS BY LEDYARD BANK. THE COOLIDGE FOUNDATION'S INVESTMENTS WERE MANAGED BY LEDYARD BANK BEGINNING IN 2008, PRIOR TO MR WAINWRIGHT JOINING THE BOARD OF TRUSTEES. MR. WAINWRIGHT RESIGNED HIS POSITION ON THE COOLIDGE FOUNDATION'S BOARD OF TRUSTEES ON JULY 30, 2014. THE COOLIDGE FOUNDATION ENDED ITS BUSINESS RELATIONSHIP WITH LEDYARD BANK IN 2018.AMITY SHLAES SERVES AS CHAIRMAN OF THE BOARD OF TRUSTEES AND AS CHIEF EXECUTIVE OFFICER. SHE IS PAID A SALARY FOR HER DUTIES AS CHIEF EXECUTIVE OFFICER. THE SALARY WAS DETERMINED BY VOTE OF THE BOARD OF TRUSTEES AND WAS DETERMINED BY THE BOARD AFTER CONSIDERING COMPENSATION FOR SIMILAR POSITIONS AT SIMILAR ORGANIZATIONS AND HAVING A COMPENSATION STUDY CONDUCTED BY AN EXPERT OUTSIDE FIRM. X 4 35637 false false false Form 990, Part III, Line 4d: Other Program Services Description OTHER PROGRAM SERVICES 4: The Coolidge Scholarship The Foundation operates a merit scholarship program that awards full-ride 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 in-person interviews with a finalist jury. Since 2016, ten Coolidge Scholarships have been awarded. Finalist are also awarded a smaller one-time scholarship. The chief criterion is academic excellence. Secondary criteria include interest in policy, appreciation for the values Coolidge championed, humility, and service. OTHER PROGRAM SERVICES 5: 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 to the Coolidge Foundation through the Coolidge Senators Network. Form 990, Part VI, Line 4: Description of Significant Changes to Organizational Documents IN 2019 THE COOLIDGE FOUNDATION RESTATED AND MODERNIZED ITS ARTICLES OF INCORPORATION. THE RESTATED ARTICLES OF INCORPORATION WERE ACCEPTED BY THE STATE OF VERMONT. A COPY OF THE COOLIDGE FOUNDATION'S CURRENT ARTICLES OF INCORPORATION ARE ATTACHED TO THIS FORM 990. Form 990, Part VI, Line 11b: Form 990 Review Process THE 990 WAS REVIEWED BY THE INVESTMENT/AUDIT COMMITTEE, MANAGEMENT, AND OUTSIDE COUNSEL. Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts TRUSTEES REQUIRED TO DISCLOSE IN WRITING ANY CONFLICTS OF INTEREST. Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management CEO's salary was determined by vote of the Board of Trustees based on comparable salaries for comparable positions at similar organizations, as determined by a compensation study conducted by a reputable expert firm. Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees Form 990, Part VI, Line 15B: Executive Director's salary was determined by vote of the Board of Trustees based on comparable salaries for comparable positions at similar organizations, as determined by a compensation study conducted by a reputable expert firm. Form 990, Part VI, Line 19: Other Organization Documents Publicly Available ORGANIZATION BYLAWS AVAILABLE VIA ORGANIZATION'S WEBSITE. FORM 990, PART VI, SECTION A, LINE 4 IN 2019 THE COOLIDGE FOUNDATION RESTATED AND MODERNIZED ITS ARTICLES OF INCORPORATION. THE RESTATED ARTICLES OF INCORPORATION WERE ACCEPTED BY THE STATE OF VERMONT. A COPY OF THE COOLIDGE FOUNDATION'S CURRENT ARTICLES OF INCORPORATION ARE ATTACHED TO THIS FORM 990.