Earle M Combs & Virginia M Combs
- Assets
- $10.7m
- Revenue
- $894.6k
- Investments
- $10.2m
- Employees
- 0
- Location
- Barrington, IL
- Founding
- 04/1968
- Data as of
- 12/2023
- EIN
- 36-6168454
Organization Overview
Earle M Combs & Virginia M Combs is located in Barrington, IL. The organization was established in 1968. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Earle M Combs & Virginia M Combs 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, Earle M Combs & Virginia M Combs generated $894.6k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 12.3% each year . All expenses for the organization totaled $898.7k during the year ending 12/2023. While expenses have increased by 10.7% per year over the past 8 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, Earle M Combs & Virginia M Combs has awarded 428 individual grants totaling $4,867,953. 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 |
|---|---|---|---|
Earle M Combs III President | 10 | $0 | |
Virginia M Combs Secretary-Treasurer | 5 | $0 | |
Earle M Combs IV Trustee | 1 | $0 | |
Bonnie C Etters Trustee | 1 | $0 | |
Eric B Combs Trustee | 1 | $0 | |
Leanne C Turnquist Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $103,145 |
| Interest on Savings | $39,108 |
| Dividends & Interest | $653,449 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $109,151 |
| Capital Gain Net Income | $109,151 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$10,205 |
| Total Revenue | $894,648 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,745 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $58,802 |
| Total operating and administrative expenses | $87,622 |
| Contributions, gifts, grants paid | $811,050 |
| Total expenses and disbursements | $898,672 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $59,668 |
| Savings and temporary cash investments | $349,270 |
| 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 | $1,430,225 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $449 |
| Total assets | $10,652,889 |
| 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, Earle M Combs & Virginia M Combs has awarded $811,050 in support to 36 organizations.
| Grant Recipient | Amount |
|---|---|
222 FOUNDATION PURPOSE: GENERAL EXEMPT PURPOSE | $10,000 |
A ROCHA USA PURPOSE: GENERAL EXEMPT PURPOSE | $5,000 |
AMERICAN FRIENDS OF TYNDALE PURPOSE: GENERAL EXEMPT PURPOSE | $5,000 |
ALEXANDER LEIGH CENTER FOR AUTISM PURPOSE: GENERAL EXEMPT PURPOSE | $2,000 |
AXIA INTERNATIONAL PURPOSE: GENERAL EXEMPT PURPOSE | $5,000 |
BARRINGTON SUZUKI STRINGS PURPOSE: GENERAL EXEMPT PURPOSE | $7,800 |