Committee On Better Racial Assurance
- Assets
- $295.9k
- Revenue
- $187.1k
- Investments
- $0.0
- Employees
- 3
- Location
- North Charleston, SC
- Founding
- 08/1973
- Data as of
- 06/2022
- EIN
- 57-0523813
Organization Overview
Committee On Better Racial Assurance, operating under the name Cobra, is located in North Charleston, SC. The organization was established in 1973. As of 06/2022, Cobra employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cobra 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 06/2022, Cobra generated $187.1k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.5%) each year. All expenses for the organization totaled $176.1k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (3.0%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF COBRA TO ENSURE A BETTER EQUALITY OF LIFE FOR ALL PEOPLE, BUT ESPEICALLY AFRICAN-AMERICANS, BY HELPING PEOPLE TO HELP THEMSELVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONDUCTED 1549 EDUCATION SEMINARS AND EFFECTIVELY REACHED OVER 7,200,854 MILLION RESIDENTS IN THE SURROUNDING AREAS BY CONDUCTING 4 MAJOR MEDIA PRESENTATIONS.
TESTED 3686 PERSONS FOR SICKLE CELL DISEASE AND COUNSELD OVER 344 PERSONS, AND ASSISTED RESIDENTS WITH OBTAINING SERVICES AND TREATMENT FOR THE SICKLE DISEASE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Albertha H Cook Executive Director | Officer | 20 | $61,994 |
David Mack III Assistant Director | Officer | 25 | $31,475 |
Lawrence J Huger Financial Officer | Trustee | 4 | $0 |
James Heyward Board Member | Trustee | 2 | $0 |
William Saunders Chief Eexcutive Officer | Trustee | 7 | $0 |
Oliver Addison Chairperson | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $176,412 |
| All other contributions, gifts, grants, and similar amounts not included above | $10,215 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $186,627 |
| Total Program Service Revenue | $431 |
| Investment income | $23 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $187,081 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $93,469 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $12,723 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,147 |
| Fees for services: Management | $4,768 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,264 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $2,442 |
| Information technology | $7,939 |
| Royalties | $0 |
| Occupancy | $20,267 |
| Travel | $20 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,368 |
| Interest | $703 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,499 |
| Insurance | $1,053 |
| All other expenses | $6,883 |
| Total functional expenses | $176,147 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $179,686 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,650 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $114,568 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $295,904 |
| Accounts payable and accrued expenses | $4,540 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $5,230 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $9,770 |
| Net assets without donor restrictions | $286,134 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $295,904 |
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