Cobb Community Foundation Inc is located in Atlanta, GA. The organization was established in 2007. According to its NTEE Classification (A12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Cobb Community Foundation Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cobb Community Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Cobb Community Foundation Inc generated $3.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.2% each year . All expenses for the organization totaled $2.8m during the year ending 12/2021. While expenses have increased by 9.3% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Cobb Community Foundation Inc has awarded 327 individual grants totaling $7,901,978. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
COBB COMMUNITY FOUNDATION IS A PUBLIC CHARITY DRIVEN TO HELP OUR COMMUNITY AND EVERYONE IN AND AROUND IT TO THRIVE, SO WE HELP THOSE WHO GIVE AND SERVE MAKE A GREATER IMPACT. WE ARE A GRANT MAKER. WE ARE A CHARITABLE FUND MANAGER. WE ARE A COMMUNITY CATALYST, FOSTERING COLLABORATION FOR LONG-TERM IMPACT. THESE ROLES ARE EMBODIED IN OUR MISSION STATEMENT: INSPIRING CHARITABLE GIVING, BUILDING RESOURCES FOR THE FUTURE, AND CONNECTING DONORS WHO CARE WITH CAUSES THAT MATTER. IN 2021, COBB COMMUNITY FOUNDATION MADE TOTAL GRANTS AND SCHOLARSHIPS OF OVER $2 MILLION, INCLUDING THE FINAL DISTRIBUTIONS FROM OUR COBB COVID-19 COMMUNITY RESPONSE FUND AND THE FIRST $25,000 IN GRANTS FOR OUR NEW CAPACITY BUILDING PROGRAM.
Describe the Organization's Program Activity:
CONNECTING DONORS AND CAUSES: DONORS CONTRIBUTED NEARLY $3.1 MILLION TO VARIOUS TYPES OF DONOR FUNDS ESTABLISHED AT COBB COMMUNITY FOUNDATION. INCLUDING EARNINGS ON INVESTMENTS, TOTAL ASSETS GREW BY OVER $3.6 MILLION. LIKEWISE, OVER $2 MILLION WAS AWARDED IN GRANTS IN 2021 TO 185 CHARITABLE ORGANIZATIONS SERVING IN THE AREAS OF HEALTH, HUMAN SERVICES, EDUCATION, COMMUNITY SERVICE AND THE ARTS. THIS YEAR, 45% OF OUR GRANTEES ARE BASED IN COBB COUNTY, AND 60% OF THE TOTAL DOLLARS GRANTED WERE TO COBB NONPROFITS.
COBB COVID-19 COMMUNITY RESPONSE FUND: OUR 2021 COMMUNITY GRANTMAKING CONTINUED TO FOCUS ON COVID RELIEF. BEGINNING IN MARCH OF 2020, WE SHIFTED ALL COMMUNITY GRANTMAKING TO FOCUS ON EXPANDING LOCAL CAPACITY BY SUPPORTING NONPROFITS THAT WERE HELPING INDIVIDUALS AND FAMILIES EXPERIENCING HARDSHIP BECAUSE OF THE OUTBREAK, RELATED CLOSURES AND DISRUPTIONS. BY THE END OF 2021, 100% OF THE $418,000+ CONTRIBUTED TO OUR COBB COVID-19 COMMUNITY RESPONSE FUND WAS DISTRIBUTED. ALL GRANTMAKING FROM THIS FUND WAS DONE IN COLLABORATION WITH THE UNITED WAY OF GREATER ATLANTA NW REGION AND THE COBB COLLABORATIVE WITH DECISIONS BEING BASED ON LOCAL AND REGIONAL DATA AROUND NEEDS AND RESOURCES AS WELL AS INFORMATION GATHERED DIRECTLY FROM THOSE SERVING THE FRONT LINE.
COBB COMMUNITY FOOD FLEET: COBB COMMUNITY FOUNDATION LEADERSHIP CONTINUED TO HELP FACILITATE DISCUSSIONS AMONG VARIOUS NONPROFITS AND GOVERNMENT AGENCIES TO ENSURE THAT COBB'S NEEDS WERE BEING MET, PARTICULARLY WITH RESPECT TO FOOD. THE COBB COMMUNITY FOOD FLEET INITIATIVE THAT BEGAN IN 2020 CONTINUED THROUGH SEPTEMBER OF 2021. THIS COLLABORATIVE EFFORT INVOLVING SEVERAL CORPORATE PARTNERS AND NUMEROUS COBB COUNTY NONPROFITS HELPED TO REMOVE KEY BARRIERS SUCH AS REFRIGERATION, STORAGE SPACE, AND VEHICLES AND EQUIPMENT TO ENSURE THE DISTRIBUTION OF USDA FARMERS TO FAMILIES FOOD BOXES THROUGHOUT THE ENTIRE COUNTY. BETWEEN JUNE 1, 2020 AND SEPTEMBER 30, 2021, MORE THAN 4.4 MILLION POUNDS OF FOOD, THE EQUIVALENT OF 168,000 MILLION MEALS, WERE DISTRIBUTED BY OVER TEN DIFFERENT NONPROFITS TO MORE THAN FIFTY LOCATIONS ON A WEEKLY BASIS THROUGHOUT THE COBB COUNTY. SIGNIFICANT LONG-TERM BENEFITS HAVE ALREADY BEGUN TO MANIFEST.
CAPACITY BUIDING PROGRAM: CCF'S 2019 NEEDS ASSESSMENT CLARIFIED THE NEED TO HELP SMALLER NONPROFITS PROVIDING SERVICES IN SOUTH COBB TO BUILD THEIR CAPACITY. IN PARTNERSHIP WITH UNITED WAY AND NETWORK FOR GOOD, CCF AWARDED 5 JUMPSTART GRANTS OF $5,000 EACH TO PROVIDE A 12-MONTH TRAINING PROGRAM FOR GRANT RECIPIENTS TO IMMEDIATELY BUILD THEIR FUNDRAISING CAPACITY, DIVERSITY REVENUE AND SUSTAIN AND GROW THEIR PROGRAMS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Shari Martin President & CEO | Officer | 55 | $110,000 |
Larry Stevens Second Vice Chair | OfficerTrustee | 1 | $0 |
Ken Harmon Secretary | OfficerTrustee | 1 | $0 |
Charlie Barnwell Treasurer | OfficerTrustee | 1 | $0 |
Todd Mcmullen Chair | OfficerTrustee | 2 | $0 |
Kim Gresh First Vice Chair | OfficerTrustee | 1.5 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $45,627 |
All other contributions, gifts, grants, and similar amounts not included above | $2,186,092 |
Noncash contributions included in lines 1a–1f | $1,572,322 |
Total Revenue from Contributions, Gifts, Grants & Similar | $2,231,719 |
Total Program Service Revenue | $53,232 |
Investment income | $1,242,444 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $52,196 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $3,579,591 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $2,035,973 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $113,000 |
Compensation of current officers, directors, key employees. | $22,600 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $151,536 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $9,289 |
Payroll taxes | $21,787 |
Fees for services: Management | $0 |
Fees for services: Legal | $7,310 |
Fees for services: Accounting | $16,650 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $52,074 |
Fees for services: Other | $3,750 |
Advertising and promotion | $76,569 |
Office expenses | $46,038 |
Information technology | $3,151 |
Royalties | $0 |
Occupancy | $37,838 |
Travel | $11,855 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $48,519 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $3,221 |
All other expenses | $8,226 |
Total functional expenses | $2,821,411 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $1,132,569 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $64,000 |
Accounts receivable, net | $30,994 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $0 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $17,197,462 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $18,425,025 |
Accounts payable and accrued expenses | $16,297 |
Grants payable | $0 |
Deferred revenue | $0 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $5,605,781 |
Total liabilities | $5,622,078 |
Net assets without donor restrictions | $11,966,061 |
Net assets with donor restrictions | $836,886 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $18,425,025 |
Over the last fiscal year, Cobb Community Foundation Inc has awarded $1,622,050 in support to 43 organizations.
Grant Recipient | Amount |
---|---|
Norcross, GA PURPOSE: EDUCATION | $300,000 |
Marietta, GA PURPOSE: SUBSTANCE ABUSE TREATMENT AND PREVENTION | $168,173 |
Kennesaw, GA PURPOSE: EDUCATION | $144,000 |
Marietta, GA PURPOSE: HEALTHCARE | $113,000 |
Alexandria, VA PURPOSE: CHARITABLE GIVING, VOLUNTEERISM & GRANTMAKING | $108,375 |
Marietta, GA PURPOSE: ARTS, CULTURE & HUMANITIES | $100,000 |
Over the last fiscal year, we have identified 14 grants that Cobb Community Foundation Inc has recieved totaling $200,936.
Awarding Organization | Amount |
---|---|
Atlanta Braves Foundation Inc Atlanta, GA PURPOSE: UNRESTICTED | $55,000 |
Marietta Educational Garden Cen Inc Marietta, GA PURPOSE: SCHOLARSHIPS | $52,040 |
Marietta Educational Garden Cen Inc Marietta, GA PURPOSE: SCHOLARSHIPS | $33,270 |
Marietta Educational Garden Cen Inc Marietta, GA PURPOSE: SCHOLARSHIPS | $10,000 |
Zeist Foundation Inc Atlanta, GA PURPOSE: HEALTH & HUMAN SERVICES | $10,000 |
Organization Name not Listed PURPOSE: GENERAL SUPPORT | | $10,000 |
Beg. Balance | $717,836 |
Earnings | $78,768 |
Grants | $34,551 |
Ending Balance | $762,053 |
Organization Name | Assets | Revenue |
---|---|---|
The Greater Charlotte Cultural Trust Charlotte, NC | $173,742,321 | $2,357,736 |
United Arts Of Central Florida Inc Orlando, FL | $7,262,760 | $11,256,012 |
Etv Endowment Of South Carolina Inc Spartanburg, SC | $31,848,009 | $11,204,274 |
Gwinnett Championship Foundation Inc Duluth, GA | $476,337 | $4,123,025 |
Digital Convergence Alliance Inc Tampa, FL | $2,233,099 | $3,394,790 |
Cobb Community Foundation Inc Atlanta, GA | $18,425,025 | $3,579,591 |
Gaillard Performance Hall Foundation Charleston, SC | $7,942,999 | $750,731 |
Memphis Museums Inc Memphis, TN | $7,243,926 | $3,293,679 |
Artsbuild Chattanooga, TN | $20,819,407 | $7,133,514 |
William R Kenan Jr Fund For The Arts Chapel Hill, NC | $30,178,263 | $1,461,510 |
Creative City Collaborative Of Delray Beach Inc Delray Beach, FL | $1,041,652 | $1,722,998 |
Fuquay-Varina Arts Foundation Inc Fuquayvarina, NC | $0 | $383,560 |