Cobb Foundation Inc
- Assets
- $14.9m
- Revenue
- $571.9k
- Investments
- $13.6m
- Employees
- 0
- Location
- Garden City, NY
- Founding
- 03/1996
- Data as of
- 12/2023
- EIN
- 65-0593216
Organization Overview
Cobb Foundation Inc is located in Garden City, NY. The organization was established in 1996. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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 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 12/2023, Cobb Foundation Inc generated $571.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (14.6%) each year. All expenses for the organization totaled $1.1m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Cobb Foundation Inc has awarded 153 individual grants totaling $4,275,000. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rhoda Cobb Dir/president | 10 | $20,000 | |
Bradley Cobb Director | 10 | $20,000 | |
Rhoda Juckett Director | 10 | $20,000 | |
Jennifer Little Director | 10 | $20,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $299,543 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $271,830 |
| Capital Gain Net Income | $271,830 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $539 |
| Total Revenue | $571,912 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $80,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $22,931 |
| Taxes | $4,719 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $229,426 |
| Contributions, gifts, grants paid | $920,000 |
| Total expenses and disbursements | $1,149,426 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $152,430 |
| Net Accounts receivable | $7,372 |
| 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 | $1,098,121 |
| Total assets | $14,904,560 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
Grants Awarded
Over the last fiscal year, Cobb Foundation Inc has awarded $920,000 in support to 31 organizations.
| Grant Recipient | Amount |
|---|---|
A CHANCE TO DANCE PURPOSE: GENERAL PURPOSE | $10,000 |
ALICE LLOYD COLLEGE PURPOSE: GENERAL PURPOSE | $25,000 |
ALS GREATER NY CHAPTER PURPOSE: GENERAL PURPOSE | $10,000 |
AUTISM CHARLOTTE PURPOSE: GENERAL PURPOSE | $10,000 |
BOCA HELPING HAND PURPOSE: GENERAL PURPOSE | $30,000 |
BUCKNELL UNIVERSITY PURPOSE: GENERAL PURPOSE | $25,000 |