Coffman-Levi Charitable Trust Inc

The Coffman-Levi Charitable Trust Inc is a U.S. nonprofit organization based in Adams, Nebraska. Established in 1988, it operates under the NTEE classification for nursing care.

Purpose and Activities

The primary mission of the Coffman-Levi Charitable Trust Inc is to operate and maintain a facility for the long-term care, comfort, and maintenance of the elderly[3]. The organization focuses on providing quality services to support the well-being of older adults.

Financial Overview

In recent years, the organization has reported notable financial figures:

• Revenue: The trust has diverse income streams, with contributions and other income being significant components of its revenue. For example, in a fiscal year, it reported contributions and other income totaling millions of dollars[1].
• Expenses: The majority of its expenses are dedicated to operational costs associated with maintaining its long-term care facility. In a reported fiscal year, expenses reached approximately $4.75 million[3].
• Assets and Liabilities: The trust holds substantial assets while managing liabilities, with total assets exceeding $8 million and liabilities around $372,805 in a recent fiscal year[1].

Governance and Leadership

The organization is led by a board of directors and officers, including a chairman and executive director. Key personnel receive compensation for their roles, which is generally modest compared to the overall expenses of the organization[1].

Tax Status

Donations to the Coffman-Levi Charitable Trust Inc are tax-deductible, as it is recognized by the Internal Revenue Service as a charitable organization[1][4].

This nonprofit operates using the funds it receives to support its mission of providing elder care services, emphasizing the importance of community support in maintaining its operations.