Coombs Family Foundation
- Assets
- $2.0m
- Revenue
- $158.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Montgomery, TX
- Founding
- 11/2018
- Data as of
- 12/2022
- EIN
- 38-4056138
Organization Overview
Coombs Family Foundation is located in Montgomery, TX. The organization was established in 2018. 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. Coombs Family 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, Coombs Family Foundation generated $158.5k 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 (6.7%) each year. All expenses for the organization totaled $90.7k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (0.1%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Coombs Family Foundation has awarded 86 individual grants totaling $497,005. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul D Coombs President | 0 | $0 | |
Sallie D Coombs Vice-President | 0 | $0 | |
Julie Coombs Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $212 |
| Dividends & Interest | $45,218 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $107,050 |
| Capital Gain Net Income | $107,050 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $6,056 |
| Total Revenue | $158,536 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,435 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $100 |
| Total operating and administrative expenses | $23,641 |
| Contributions, gifts, grants paid | $67,040 |
| Total expenses and disbursements | $90,681 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $142,691 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1,865,195 |
| Total assets | $2,007,886 |
| 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, Coombs Family Foundation has awarded $67,040 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
12TH MAN FOUNDATION PURPOSE: FUNDING SCHOLARSHIPS & PROGRAMS THAT SUPPORT COLLEGE ATHLETICS | $25,000 |
ADAPTIVE SPORTS CENTER PURPOSE: ADAPTIVE SPORTS MEDICINE | $2,000 |
CAST FOR KIDS PURPOSE: PROVIDE FUNDING TO ENRICH THE LIVES OF CHILDREN WITH SPECIAL NEEDS AND SUPPORT THEIR FAMILIES. | $1,000 |
CASA PURPOSE: PROVIDE FUNDING FOR ADVOCATES OF CHILDREN WHO HAVE BEEN ABUSED OR NEGLECTED | $5,040 |
COMMUNITY PARTNERS OF MONTGOMERY COUNTY PURPOSE: FUNDING FOR BASIC NEED ITEMS OF ABUSED AND NEGLECTED CHILDREN AND ADULTS | $1,000 |
JUDICIAL WATCH PURPOSE: PROVIDE FUNDING TO FIGHT FOR ACCOUNTABILITY AND INTEGRITY IN LAW, POLITICS AND GOVERNMENT | $1,000 |