Cobb Library Foundation
- Assets
- $171.7k
- Revenue
- $82.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Marietta, GA
- Founding
- 03/2006
- Data as of
- 09/2020
- EIN
- 54-2099875
Organization Overview
Cobb Library Foundation is located in Marietta, GA. The organization was established in 2006. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cobb Library 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 09/2020, Cobb Library Foundation generated $82.1k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 20.3% each year . All expenses for the organization totaled $97.3k during the year ending 09/2020. While expenses have increased by 5.6% per year over the past 6 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE COBB COUNTY LIBRARY FOUNDATION PROVIDES SUPPORT TO THE COBB COUNTY LIBRARY SYSTEM BY RAISING FUNDS AND SEEKING COMMUNITY CONTRIBUTIONS AND BUSINESS PARTNERSHIPS, IN ORDER TO SUPPORT THE SYSTEMS MISSION TO BUILD A STRONGER COMMUNITY THROUGH EDUCATION AND ECONOMIC GROWTH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATIONS FUNDRAISING PROGRAMS INCLUDE HOLDING PERIODIC GALAS, AS WELL AS VARIOUS AUTHOR EVENTS. THE FOUNDATION ALSO SUPPORTS THE COBB COUNTY LIBRARY SYSTEMS READING PROGRAMS, AS WELL AS OTHER RELATED COMMUNITY EDUCATIONAL INITIATIVES.
THE FOUNDATIONS FUNDRAISING PROGRAMS INCLUDE HOLDING PERIODIC GALAS, AS WELL AS VARIOUS AUTHOR EVENTS. THE FOUNDATION ALSO SUPPORTS THE COBB COUNTY LIBRARY SYSTEMS READING PROGRAMS, AS WELL AS OTHER RELATED COMMUNITY EDUCATIONAL INITIATIVES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gilles Lamarche President | Officer | 4 | $0 |
Becca Duvall Secretary | Officer | 4 | $0 |
Chuck Papandrea VP - Treasurer | Officer | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $17,634 |
| Investment income | $217 |
| 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 | $82,139 |
| Statement of Expenses | |
|---|---|
| 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. | $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 | $18,756 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,095 |
| 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 | $5,567 |
| 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 | $1,457 |
| All other expenses | $0 |
| Total functional expenses | $97,274 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $111,890 |
| Savings and temporary cash investments | $51,535 |
| 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 | $2,509 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,004 |
| Total assets | $171,653 |
| Accounts payable and accrued expenses | $595 |
| Grants payable | $0 |
| Deferred revenue | $12,350 |
| 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 | $12,945 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $158,708 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Cobb Library Foundation has recieved totaling $1,977.
| Awarding Organization | Amount |
|---|---|
Walter And Lillian Siben Foundation Inc Boca Raton, FL PURPOSE: UNRESTRICTED LIBRARY SUPPORT RELATED GRANT | $1,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $477 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jacksonville State University Foundation Jacksonville, AL | $99,989,549 | $15,547,897 |
Phoenix Academy Inc High Point, NC | $3,025,069 | $10,364,069 |
Elizabeth City State University Foundation Elizabeth City, NC | $21,052,714 | $2,780,872 |
Florida Medical Practice Plan Inc Tallahassee, FL | $6,356,277 | $9,443,720 |
Scago Educational Facilities Corporation For Pickens School Dis Easley, SC | $211,994,412 | $9,218,813 |
Alabama High School Athletic Association Montgomery, AL | $12,167,526 | $9,029,142 |
River City Education Organization Inc Jacksonville, FL | $21,815,598 | $7,864,021 |
Unc-G Excellence Foundation Greensboro, NC | $187,420,574 | $12,267,071 |
Georgia Gwinnett College Foundationinc Lawrenceville, GA | $177,329,540 | $11,526,847 |
Augusta University Foundation Inc Augusta, GA | $77,382,154 | $9,045,973 |
University Of North Carolina At Asheville Foundation Inc Asheville, NC | $61,754,429 | $7,423,002 |
Securing Assets For Education Moncks Corner, SC | $221,693,651 | $7,774,514 |