Edward Taylor Coombs Foundation
- Assets
- $325.4k
- Revenue
- $90.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Horsham, PA
- Founding
- 03/2012
- Data as of
- 08/2024
- 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 08/2024, Edward Taylor Coombs Foundation generated $90.1k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $137.2k during the year ending 08/2024. While expenses have increased by 5.1% per year over the past 9 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 2015, Edward Taylor Coombs Foundation has awarded 12 individual grants totaling $125,366. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING THE CURRENT YEAR; $62,990 IN ETC FOUNDATION SCHOLARSHIPS WERE AWARDED. $15,000 MARIST COLLEGE FRESHMAN LACROSSE SCHOLARSHIP WAS AWARDED.
ONE $10,000 CONTRIBUTION TO ETCS 34 LACROSSE TEAM ONE $500 CONTRIBUTION TO PERRY FOUNDATION ONE $1,000 CONTRIBUTION TO CAMP RAINBOW ONE $300 CONTRIBUTION TO UPPER MORELAND MUSIC PROGRAM ONE $812 CONTRIBUTION TO ADOPT A FAMILY
ONE $20,000 EDUCATIONAL CONTRIBUTION TO MARIST CLASSROOM NAMING RIGHTS ONE $10,000 EDUCATIONAL CONTRIBUTION TO MAXWELL 2024 LEADERSHIP CONF ONE $800 MAXWELL 2024 LEADERSHIP CONFERENCE ONE $616 MAXWELL 2024 LEADERSHIP CONFERENCE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eric Coombs President | Officer | $0 | |
Erin Coombs Vice President | Officer | $0 | |
Diane Rigotti Recording Secretary | Officer | $0 | |
Hassan Coombs Director | Trustee | $0 | |
Stuart George Director | Trustee | $0 | |
Rob Gibbs Director | Trustee | $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 | $46,629 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $46,629 |
| Total Program Service Revenue | $0 |
| Investment income | $9,269 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $34,173 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $90,071 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $44,028 |
| Grants and other assistance to domestic individuals. | $77,990 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $3,270 |
| Compensation of current officers, directors, key employees. | $1,090 |
| 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 | $4,686 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,950 |
| Office expenses | $3,789 |
| Information technology | $1,518 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $137,231 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $51,687 |
| Savings and temporary cash investments | $288,256 |
| 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 | -$14,500 |
| Total assets | $325,443 |
| 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 | $325,443 |
| 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 | $325,443 |
Grants Awarded
Over the last fiscal year, Edward Taylor Coombs Foundation has awarded $56,416 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
ETC 34S INC PURPOSE: Athletic Equipment | $10,000 |
MARIST COLLEGE PURPOSE: Scholar/Classroom | $35,000 |
ROBERT W MAXWELL FOOTBALL CLUB PURPOSE: Youth Leadership | $11,416 |