Cobb Community Foundation Inc
- Assets
- $24.8m
- Revenue
- $5.2m
- Investments
- $0.0
- Employees
- 9
- Location
- Atlanta, GA
- Founding
- 08/2007
- Data as of
- 12/2023
- EIN
- 20-5652970
Organization Overview
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 12/2023, Cobb Community Foundation Inc employed 9 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 12/2023, Cobb Community Foundation Inc generated $5.2m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 14.0% each year . All expenses for the organization totaled $5.5m during the year ending 12/2023. While expenses have increased by 17.5% per year over the past 8 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 498 individual grants totaling $12,769,218. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
COBB COMMUNITY FOUNDATION IS A PUBLIC CHARITY DRIVEN TO HELP COBB COUNTY AND THE IMMEDIATELY SURROUNDING AREA BECOME A THRIVING COMMUNITY OF ENGAGED, CHARITABLE CITIZENS WHERE ALL PEOPLE CAN ACCESS OPPORTUNITIES AND ACHIEVE THEIR GREATEST POTENTIAL. 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 RECENTLY REVISED MISSION STATEMENT: BE A CATALYST FOR A THRIVING COMMUNITY MOBILIZING PEOPLE IDEAS AND RESOURCES TO IMPROVE QUALITY OF LIFE IN AND AROUND COBB. IN 2023, COBB COMMUNITY FOUNDATION MADE TOTAL GRANTS AND SCHOLARSHIPS OF NEARLY $4.6 MILLION, 50% OF WHICH WAS AWARDED TO ORGANIZATIONS IN COBB COUNTY, GEORGIA AND 71% OF WHICH WAS AWARDED TO ORGANIZATIONS IN METRO ATLANTA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONNECTING DONORS AND CAUSES: DONOR ADVISORS CONTRIBUTED OVER $3 MILLION TO VARIOUS TYPES OF DONOR FUNDS ESTABLISHED AT COBB COMMUNITY FOUNDATION. LIKEWISE, DONOR ADVISORS AWARDED JUST UNDER $4 MILLION IN GRANTS IN 2023 TO 329 CHARITABLE ORGANIZATIONS SERVING IN THE AREAS OF HEALTH, HUMAN SERVICES, EDUCATION, COMMUNITY SERVICE AND THE ARTS. THIS YEAR, OVER 50% OF THE TOTAL DOLLARS GRANTED WERE TO COBB NONPROFITS AND NEARLY EIGHTY PERCENT OF ALL DOLLARS GRANTED WERE GRANTED TO METRO ATLANTA AREA ORGANIZATIONS.
STRATEGIC IMPACT: CCF HAS BEEN WORKING THROUGHOUT THE COMMUNITY TO DEVELOP COMMUNITY RESOURCE CENTERS ("CRCS"). A CRC IS A PHYSICAL LOCATION OWNED OR OPERATED BY A TRUSTED COMMUNITY PARTNER AT WHICH MULTIPLE SERVICES ARE PROVIDED BY MULTIPLE ORGANIZATIONS. THE SERVICES PROVIDED ARE DRIVEN BY THE NEEDS OF THE COMMUNITY. CCF IS WORKING WITH SEVERAL NONPROFIT PARTNERS TO MAKE THE NEEDED SERVICES AVAILABLE IN THE AREAS WHERE THEY ARE MOST NEEDED. THE ORGANIZATIONS RECEIVING STRATEGIC IMPACT GRANTS ARE OFFERING SERVICES IN COMMUNITY, INSTEAD OF TO COMMUNITY, AND ARE FOCUSED ON CHILDCARE AND EARLY LEARNING, TRAUMA-INFORMED CARE, MENTAL HEALTH, FOOD DISTRIBUTION, AND/OR POVERTY REDUCTION. IN ADDITION TO GRANTS MADE TO ORGANIZATIONS PROVIDING THESE SERVICES, GRANTS HAVE ALSO BEEN MADE TO NEWLY ESTABLISHED FIELD OF INTEREST FUNDS TO ENSURE THAT FUNDING IS AVAILABLE FOR THESE PURPOSES IN THE AS WELL AS TO PROVIDE VEHICLES FOR THIRD-PARTY CONTRIBUTIONS IN SUPPORT OF THESE CAUSES.
SCHOLARSHIPS: COBB COMMUNITY FOUNDATION HELD 14 SCHOLARSHIP FUNDS IN 2023. FIVE OF THESE WERE ESTABLISHED BY FAMILIES AND FRIENDS IN MEMORY OF A LOVED ONE. SEVERAL WERE CREATED BY COMPANIES FOR THEIR EMPLOYEES AND DEPENDENTS OF EMPLOYEES, AND THE REMAINING SCHOLARSHIPS WERE CREATED BY AREA SOCIAL CLUBS AND ORGANIZATIONS. FIFTY-THREE SCHOLARSHIPS RANGING FROM $1,000 TO $10,000 WERE AWARDED TO STUDENTS ATTENDING TWENTY-NINE DIFFERENT SCHOOLS IN TEN STATES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kim Gresh Chair | OfficerTrustee | 1.5 | $0 |
Chris Gruehn First Vice Chair | OfficerTrustee | 1.25 | $0 |
Joyette Holmes Second Vice Chair | OfficerTrustee | 0.75 | $0 |
Larry Stevens Second Vice Chair | OfficerTrustee | 1.25 | $0 |
Ken Harmon Secretary | OfficerTrustee | 0.75 | $0 |
Charlie Barnwell Treasurer | OfficerTrustee | 0.75 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,150,127 |
| Noncash contributions included in lines 1a–1f | $954,092 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,150,127 |
| Total Program Service Revenue | $113,897 |
| Investment income | $387,951 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $518,474 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,170,449 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,382,799 |
| Grants and other assistance to domestic individuals. | $176,227 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $136,101 |
| Compensation of current officers, directors, key employees. | $20,415 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $307,332 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $55,969 |
| Payroll taxes | $37,299 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $520 |
| Fees for services: Accounting | $16,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $57,388 |
| Fees for services: Other | $23,497 |
| Advertising and promotion | $42,490 |
| Office expenses | $80,909 |
| Information technology | $4,464 |
| Royalties | $0 |
| Occupancy | $49,646 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $122,449 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,685 |
| All other expenses | $9,916 |
| Total functional expenses | $5,507,191 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $104,038 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $91,749 |
| Accounts receivable, net | $60,886 |
| 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 | $24,361,744 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $175,195 |
| Total assets | $24,793,612 |
| Accounts payable and accrued expenses | $7,873 |
| 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 | $11,092,890 |
| Total liabilities | $11,100,763 |
| Net assets without donor restrictions | $12,919,159 |
| Net assets with donor restrictions | $773,690 |
| 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 | $24,793,612 |
Grants Awarded
Over the last fiscal year, Cobb Community Foundation Inc has awarded $3,678,759 in support to 105 organizations.
| Grant Recipient | Amount |
|---|---|
925 ATHLETIC MINISTRIES PURPOSE: FAITH BASED | $12,000 |
ACWORTH FIRST METHODIST CHURCH PURPOSE: FAITH BASED | $30,000 |
ARTSBRIDGE FOUNDATION INC PURPOSE: ARTS, CULTURE & HUMANITIES | $25,000 |
ATLANTA COMMUNITY FOOD BANK PURPOSE: FAITH BASED | $60,450 |
AUBURN UNIVERSITY PURPOSE: EDUCATION | $12,000 |
BE BROKEN MINISTRIES PURPOSE: FAITH BASED | $16,500 |