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Nonprofiteer
← COBB EMC COMMUNITY FOUNDATION INC

Form 990 for tax year 2022

Filed by COBB EMC COMMUNITY FOUNDATION INC.

Totals

Total revenue
$1,018,299
Total expenses
$1,014,820
Contributions and grants received
$1,017,488
Grants paid
$986,800
Program service revenue
$0
Investment income
$811
Other revenue
$0
Total assets, end of year
$244,271
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$244,271
Program services expenses (Part IX)
$1,014,820
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$1,014,820

Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $1,017,488

  • 3 · Investment income

    total $811 · related or exempt $811

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $916,800 · program services $916,800

  • 2 · Grants to domestic individuals

    total $70,000 · program services $70,000

  • 5 · Compensation of officers, directors and key employees

    total $27,750 · program services $27,750

  • 24a · Other expenses: ADMINISTRATIVE & GENERAL

    total $270 · program services $270

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $100 · end of year $100

  • 2 · Savings and temporary cash investments

    beginning of year $158,691 · end of year $161,357

  • 4 · Accounts receivable

    beginning of year $82,001 · end of year $82,814

  • 27 · Net assets without donor restrictions

    beginning of year $240,792 · end of year $244,271

Mission and programs · 2022

Mission

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.

  • 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.

    Expenses $917,070 · Grants $916,800

  • Withheld by Nonprofiteer: this text may name a private individual.

    Expenses $70,000 · Grants $70,000

  • N/A

    Expenses $27,750

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.

Listed in Part VII

  • Marlon Longacre

    CHAIRMAN

    Total calculated
    $3,000
    From this org
    $3,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Diane Parker

    VICE CHAIRMA

    Total calculated
    $3,000
    From this org
    $3,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Cathy Lane

    SECRETARY

    Total calculated
    $3,000
    From this org
    $3,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • John H Umphlett

    TREASURER

    Total calculated
    $3,000
    From this org
    $3,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Mike Reckord

    DIRECTOR

    Total calculated
    $2,250
    From this org
    $2,250
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.5

  • Paul Letalien

    DIRECTOR

    Total calculated
    $3,000
    From this org
    $3,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Michelle Sutcliffe

    DIRECTOR

    Total calculated
    $3,000
    From this org
    $3,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • David Bloomquist

    DIRECTOR

    Total calculated
    $500
    From this org
    $500
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Betsy Wade

    DIRECTOR

    Total calculated
    $1,500
    From this org
    $1,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • John Golemo

    DIRECTOR

    Total calculated
    $2,250
    From this org
    $2,250
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Heather Trainor

    DIRECTOR

    Total calculated
    $2,250
    From this org
    $2,250
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.5

  • Vickie Tardif

    DIRECTOR

    Total calculated
    $1,000
    From this org
    $1,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2022
Filed
12 May 2023
IRS schema version
2022v5.0
Source object
202311329349302071

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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