Helen C Cobbs Foundation
- Assets
- $4.7m
- Revenue
- $285.8k
- Investments
- $4.6m
- Employees
- 0
- Location
- Roanoke, VA
- Founding
- 03/2010
- Data as of
- 12/2022
- EIN
- 27-6251236
Organization Overview
Helen C Cobbs Foundation is located in Roanoke, VA. The organization was established in 2010. 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. Helen C Cobbs Foundation 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 12/2022, Helen C Cobbs Foundation generated $285.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $359.0k during the year ending 12/2022. While expenses have increased by 2.0% per year over the past 7 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.
Since 2016, Helen C Cobbs Foundation has awarded 128 individual grants totaling $1,846,349. 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 |
|---|---|---|---|
Olin R Melchionna Jr Co Spilman Trustee | 7.5 | $25,006 | |
Elizabeth M Melchionna Co Spilman Trustee | 2.5 | $8,335 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2 |
| Dividends & Interest | $171,644 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $114,123 |
| Capital Gain Net Income | $114,123 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $285,769 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $33,341 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $9,518 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $9,062 |
| Total operating and administrative expenses | $111,982 |
| Contributions, gifts, grants paid | $246,999 |
| Total expenses and disbursements | $358,981 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $144,525 |
| 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 | $19,510 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,740,271 |
| 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, Helen C Cobbs Foundation has awarded $246,999 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
BLUE RIDGE MOUNTAINS COUNCIL BOY SCOUTS OF AMERICA PURPOSE: DONATION FOR GENERAL SUPPORT | $6,175 |
BOYS & GIRLS CLUBS OF ROANOKE VALLEY INC PURPOSE: DONATION FOR GENERAL SUPPORT | $12,350 |
CHILD HEALTH INVESTMENT PARTNERSHIP (CHIP) PURPOSE: DONATION FOR GENERAL SUPPORT | $15,643 |
FAMILY PROMISE OF GREATER ROANOKE PURPOSE: DONATION FOR GENERAL SUPPORT | $15,643 |
FAMILY SERVICE OF ROANOKE VALLEY PURPOSE: DONATION FOR GENERAL SUPPORT | $23,465 |
GIRL SCOUTS OF VIRGINIA SKYLINE COUNCIL INC PURPOSE: DONATION FOR GENERAL SUPPORT | $12,350 |