Edward Taylor Coombs Foundation
- Assets
- $310.2k
- Revenue
- $130.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Horsham, PA
- Founding
- 03/2012
- Data as of
- 08/2022
- EIN
- 45-3364492
Organization Overview
Edward Taylor Coombs Foundation is located in Horsham, PA. The organization was established in 2012. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Edward Taylor Coombs Foundation 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 08/2022, Edward Taylor Coombs Foundation generated $130.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.3% each year. All expenses for the organization totaled $82.1k during the year ending 08/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO GIVE MERIT AWARDS TO GRADUATING SENIORS WHO HAVE RECOGNIZED POTENTIAL OR ACADEMIC STRENGHT; THEY HAVE A DESIRE TO PARTICIPATE IN AND BENEFIT FROM FURTHER EDUCATION AND/OR TRAINING AND HAVE SHOWN BOTH MATURITY AND RESPONSIBILITY. THE ETC FOUNDATION WAS ESTABLISHED WITH THE INTENT OF PROVIDING OUTSTANDING SCHOLAR/ATHLETES FINANCIAL ASSISTANCE TO PURSUE THEIR HIGHER EDUCATION GOALS, SO THAT THEY CAN REACH THEIR FULL POTENTIAL. THE SCHOLARSHIPS WILL SUPPORT VISIONARY LEADERS OF TOMORROW WHO DISPLAY EXCEPTIONAL PROMISE TODAY. A SECOND GOAL OF THE FOUNDATION IS TO WORK WITH HIGH SCHOOL STUDENTS AROUND THE ISSUES OF "RESPONSIBLE DECISION MAKING" THROUGH SEMINARS, FORUMS, VIDEOS AND OTHER EDUCATION PROGRAMS. WHETHER WE ARE DISCUSSING SAFE AND HEALTHY PEER RELATIONSHIPS, APPROPRIATE USAGE OF "SOCIAL MEDIA", AS WELL AS THE CONSEQUENCES OF DRINKING AN DRIVING, THE ETC FOUNDATION HOPES TO BE ON THE FRONT LINE OF TEENAGE AND YOUG ADULT EDUCATION AND EMPOWERMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING THE CURRENT YEAR; $27,000 IN ETC FOUNDATION SCHOLARSHIPS WERE AWARDED. $15,000.00 MARIST COLLEGE FRESHMAN LACROSSE SCHOLARSHIP WAS AWARDED
ONE $2,500 CONTRIBUTION WAS MADE TO FRONTIERS INTERNATIONALONE $3,000 CONTRIBUTION WAS MADE TO ETC'S 34 LACROSSE TEAMONE $1,000 CONTRIBUTION WAS MADE TO TOUCH THERAPYONE $10,000 CONTRIBUTION WAS MADE TO MAXWELL FOOTBALL CLUBONE $3,000 CONTRIBUTION WAS MADE TO BWISONE $300 CONTRIBUTION WAS MADE TO COMMONWEALTH GROUNDS CREW - TORNADO FUNDONE $600 CONTRIBUTION WS MADE TO ADOPT A FAMILY
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Taylor Director | OfficerTrustee | 0 | $0 |
Eric Coombs President | Officer | 0 | $0 |
Erin Coombs Vice President | Officer | 0 | $0 |
Diane Rigotti Recording Secretary | Officer | 0 | $0 |
Hassan Coombs Director | Trustee | 0 | $0 |
William Donnelly Director | Trustee | 0 | $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 | $49,119 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $49,119 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $81,678 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $130,797 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $15,000 |
| Grants and other assistance to domestic individuals. | $47,400 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $984 |
| Office expenses | $1,273 |
| Information technology | $14,873 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $594 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $82,141 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $304,389 |
| Savings and temporary cash investments | $25,906 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | -$20,050 |
| Total assets | $310,245 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $310,245 |
| Net assets with donor restrictions | $0 |
| 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 | $310,245 |
Grants Awarded
Over the last fiscal year, Edward Taylor Coombs Foundation has awarded $22,100 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
HATBORO HORSHAM HIGH SCHOOL | | | $10,000 |
OTHER ORGANIZATIONS | | | $6,600 |
UNITED NEGRO COLLEGE FUND | | | $5,500 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Edward Taylor Coombs Foundation has recieved totaling $1,595.
| Awarding Organization | Amount |
|---|---|
Equitable Foundation Inc New York, NY PURPOSE: GENERAL SUPPORT | $750 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $545 |
Ppl Foundation Allentown, PA PURPOSE: PROGRAM SUPPORT | $300 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Good Nation Foundation Inc New York, NY | $2,105,948 | $9,558,970 |
New York Times Neediest Cases Fund New York, NY | $66,331,518 | $11,554,497 |
The M S Hershey Foundation Hershey, PA | $64,689,691 | $17,201,612 |
Asbury Foundation Inc Frederick, MD | $52,948,136 | $11,506,831 |
New Albany Community Foundation New Albany, OH | $19,894,351 | $7,914,986 |
Enveritas Inc New York, NY | $2,653,436 | $10,002,673 |
Rodef Chesed Brooklyn, NY | $766,824 | $8,077,248 |
Tomchai Torah Beretz Yisrael Inc Monsey, NY | $767,829 | $7,981,285 |
United Way Of Greater Stark County Inc Canton, OH | $15,976,372 | $6,358,831 |
Howard S And Deborah Jonas Foundation Inc Newark, NJ | $31,913,606 | $3,298,041 |
Virgin Unite Usa Inc New York, NY | $4,075,760 | $3,415,307 |
American Friends Of Kohelet Policy Forum Philadelphia, PA | $260,078 | $121,500 |