Cobb Family Foundation Inc
- Assets
- $16.0m
- Revenue
- $1.7m
- Investments
- $14.8m
- Employees
- 0
- Location
- Coral Gables, FL
- Founding
- 02/1985
- Data as of
- 09/2021
- EIN
- 59-2477459
Organization Overview
Cobb Family Foundation Inc is located in Coral Gables, FL. The organization was established in 1985. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Cobb Family 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 09/2021, Cobb Family Foundation Inc generated $1.7m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 8.3% each year. All expenses for the organization totaled $1.8m during the year ending 09/2021. While expenses have increased by 5.4% 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles E Cobb Jr President | 1 | $2,500 | |
Sue M Cobb Vice Preside | 1 | $2,500 | |
Christian M Cobb Vice Preside | 1 | $2,500 | |
Tobin T Cobb Vice Preside | 1 | $2,500 | |
Kolleen O Cobb Director | 1 | $2,500 | |
Luisa S Cobb Director | 1 | $2,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $449,707 |
| Interest on Savings | $111,736 |
| Dividends & Interest | $532,641 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $638,066 |
| Capital Gain Net Income | $956,700 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $891 |
| Total Revenue | $1,733,041 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $15,000 |
| Other employee salaries and wages | $133,637 |
| Pension plans, employee benefits | $21,961 |
| Interest | $0 |
| Taxes | $11,082 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $12,332 |
| Other expenses | $15,739 |
| Total operating and administrative expenses | $219,774 |
| Contributions, gifts, grants paid | $1,549,831 |
| Total expenses and disbursements | $1,769,605 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $108,342 |
| Savings and temporary cash investments | $1,106,739 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $548 |
| Total assets | $16,001,323 |
| Accounts payable and accrued expenses | $45,155 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $45,155 |
Grants Awarded
Over the last fiscal year, Cobb Family Foundation Inc has awarded $1,372,167 in support to 33 organizations.
| Grant Recipient | Amount |
|---|---|
COUNCIL OF AMERICAN AMBASSADORS PURPOSE: CHARITABLE | $480,000 |
Coral Gables, FL PURPOSE: CHARITABLE | $132,000 |
EISENHOWER FELLOWSHIP PURPOSE: CHARITABLE | $120,000 |
SOUTHERN METHODIST UNIVERSITY PURPOSE: CHARITABLE | $85,000 |
Stamford, CT PURPOSE: CHARITABLE | $66,667 |
GEORGE W BUSH FOUNDATION PURPOSE: CHARITABLE | $60,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bobbie Bailey Foundation Inc Tucker, GA | $24,485,053 | $1,564,197 |
Yhwh Foundation Inc Carrollton, GA | $0 | $14,288,691 |
Miriam U Hoover Foundation Vero Beach, FL | $0 | $462,542 |
Dr Herbert And Nicole Wertheim Family Foundation Inc Miami, FL | $42,831,898 | $5,245,016 |
Quality Senior Housing Foundation Of East Texas Inc Atlanta, GA | $68,762,519 | $14,924,948 |
The Mary Alice Fortin Foundation Palm Beach, FL | $167,401,142 | $8,209,363 |
Zeist Foundation Inc Atlanta, GA | $306,093,080 | $21,313,980 |
Anverse Inc Cartersville, GA | $0 | $25,436,325 |
Louis And Gloria Flanzer Philantrhopic Tr Sarasota, FL | $95,188,629 | $13,796,000 |
Uga Real Estate Foundation Inc Athens, GA | $310,229,529 | $14,839,274 |
The Gary W Rollins Foundation Atlanta, GA | $72,624,629 | $27,015,806 |
Theodore R & Vivian M Johnson Scholarship Foundation Inc West Palm Beach, FL | $0 | $7,841,898 |