Edith H Mccobb Trust
- Assets
- $1.3m
- Revenue
- $104.0k
- Investments
- $851.1k
- Employees
- 0
- Location
- Camden, ME
- Founding
- 10/1994
- Data as of
- 12/2023
- 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 12/2023, Edith H Mccobb Trust generated $104.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (16.0%) each year. All expenses for the organization totaled $91.4k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Edith H Mccobb Trust has awarded 14 individual grants totaling $503,500. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
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 | $552 |
| Dividends & Interest | $32,455 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $71,030 |
| Capital Gain Net Income | $71,030 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $104,037 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $17,815 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $384 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $960 |
| Total operating and administrative expenses | $20,359 |
| Contributions, gifts, grants paid | $71,000 |
| Total expenses and disbursements | $91,359 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $409,971 |
| 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 | $118,607 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,261,114 |
| 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 $71,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CAMDEN ROTARY CLUB FOUNDATION PURPOSE: SCHOLARSHIPS FOR LOCAL STUDENTS | $35,500 |
CAMDEN AREA DISTRICT NURSING ASSOC PURPOSE: GENERAL ASSOCIATION OPERATIONS | $35,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Annie Rowell Intrvs Tr Manchester, NH | $22,977,805 | $785,289 |
James And Betty Jacobs Fam Charitable Tr West Bath, ME | $4,210,545 | $659,626 |
Monadnock Regional Foundation For Family Services Inc Keene, NH | $1,774,682 | $351,151 |
Laurence C Campbell Memorial Tr Bedford, NH | $1,308,623 | $43,356 |
Edith H Mccobb Trust Camden, ME | $1,261,114 | $104,037 |
Harold And Betty Cottle Family Foundation Inc South China, ME | $0 | -$5,641 |
Pine Haven Boys Center Foundation Suncook, NH | $4,692,837 | $748,436 |