Cobb Emc Community Foundation Inc
- Assets
- $244.3k
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Marietta, GA
- Founding
- 07/2014
- Data as of
- 12/2022
- EIN
- 46-3645573
Organization Overview
Cobb Emc Community Foundation Inc is located in Marietta, GA. The organization was established in 2014. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cobb Emc 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 12/2022, Cobb Emc Community Foundation Inc generated $1.0m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $1.0m during the year ending 12/2022. While expenses have increased by 1.5% per year over the past 5 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 2018, Cobb Emc Community Foundation Inc has awarded 261 individual grants totaling $3,280,840. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSE OF THE FOUNDATION WILL BE TO ACCEPT AND DISBURSE FUNDS FOR CHARITABLE PURPOSES IN THE SERVICE AREA OF COBB ELECTRIC MEMBERSHIP CORPORATION (COBB EMC). UPON DISSOLUTION OF THE FOUNDATION, ANY REMAINING FUNDS WILL BE DISTRIBUTED ONLY FOR CHARITABLE PURPOSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY ASSISTANCE TO ENTITIES IN THE SERVICE AREA OF COBB EMC THAT ARE QUALIFIED UNDER IRC SECTION 501(C)(3) AS NON-PROFIT, CHARITABLE ORGANIZATIONS.
N/A
SCHOLARSHIPS AWARDED TO STUDENTS IN THE SERVICE AREA OF COBB EMC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marlon Longacre Chairman | OfficerTrustee | 4 | $3,000 |
Diane Parker Vice Chairma | OfficerTrustee | 3 | $3,000 |
Cathy Lane Secretary | OfficerTrustee | 3 | $3,000 |
John H Umphlett Treasurer | OfficerTrustee | 2 | $3,000 |
Mike Reckord Director | Trustee | 3.5 | $2,250 |
Paul Letalien Director | Trustee | 3 | $3,000 |
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 | $1,017,488 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,017,488 |
| Total Program Service Revenue | $0 |
| Investment income | $811 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,018,299 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $916,800 |
| Grants and other assistance to domestic individuals. | $70,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $27,750 |
| 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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| 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 | $270 |
| Total functional expenses | $1,014,820 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $100 |
| Savings and temporary cash investments | $161,357 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $82,814 |
| 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 | $0 |
| Total assets | $244,271 |
| 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 | $244,271 |
| 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 | $244,271 |
Grants Awarded
Over the last fiscal year, Cobb Emc Community Foundation Inc has awarded $683,075 in support to 63 organizations.
| Grant Recipient | Amount |
|---|---|
10 WOMEN OF HOPE INC PURPOSE: COMMUNITY ASSISTANCE | $6,750 |
ABUNDANT LIVING FOUNDATION INC PURPOSE: COMMUNITY ASSISTANCE | $7,900 |
ADULT DISABILITY MEDICAL HOME INC PURPOSE: COMMUNITY ASSISTANCE | $11,450 |
ALZHEIMER'S ASSOCIATION PURPOSE: COMMUNITY ASSISTANCE | $5,500 |
BE THE VOICE INC PURPOSE: COMMUNITY ASSISTANCE | $7,900 |
BETHANY PLACE INC PURPOSE: COMMUNITY ASSISTANCE | $8,200 |