Edith H Mccobb Trust
- Assets
- $1.3m
- Revenue
- $43.6k
- Investments
- $1.2m
- Employees
- 0
- Location
- Camden, ME
- Founding
- 10/1994
- Data as of
- 12/2021
- EIN
- 01-6101113
Organization Overview
Edith H Mccobb Trust is located in Camden, ME. The organization was established in 1994. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Edith H Mccobb Trust 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 12/2021, Edith H Mccobb Trust generated $43.6k 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 (34.1%) each year. All expenses for the organization totaled $107.1k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN ACCORDANCE WITH THE WILL OF THE DECEDENT, DISTRIBUTIONS ARE MADE TO 2 LOCAL 501(C)3 PUBLIC CHARITIES: CAMDEN ROTARY CLUB FOUNDATION FOR THE PURPOSE OF AWARDING POST- SECONDARY SCHOLARSHIPS TO LOCAL HIGH SCHOOL STUDENTS; AND CAMDEN AREA DISTRICT NURSING ASSOCIATION FOR SUPPORTING GENERAL OPERATIONS OF THE ORGANIZATION.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $14,781 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $28,778 |
| Capital Gain Net Income | $28,778 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $43,559 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $16,059 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,676 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $19 |
| Total operating and administrative expenses | $18,754 |
| Contributions, gifts, grants paid | $88,300 |
| Total expenses and disbursements | $107,054 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $154,017 |
| Savings and temporary cash investments | $0 |
| 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 | $244,585 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,325,417 |
| 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, Edith H Mccobb Trust has awarded $88,300 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Camden, ME PURPOSE: SCHOLARSHIPS FOR LOCAL STUDENTS | $44,150 |
Camden, ME PURPOSE: GENERAL ASSOCIATION OPERATIONS | $44,150 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Annie Rowell Intrvs Tr Bedford, NH | $26,148,816 | $5,812,067 |
James And Betty Jacobs Fam Charitable Tr West Bath, ME | $3,857,475 | $408,478 |
Edith H Mccobb Trust Camden, ME | $1,325,417 | $43,559 |
Laurence C Campbell Memorial Tr Bedford, NH | $1,365,088 | $314,471 |
Monadnock Regional Foundation For Family Services Inc Keene, NH | $2,025,549 | $48,431 |
Pine Haven Boys Center Foundation Suncook, NH | $3,898,438 | $392,367 |
Harold And Betty Cottle Family Foundation Inc South China, ME | $0 | -$5,641 |