Cobb Family Foundation Inc
- Assets
- $13.3m
- Revenue
- $824.7k
- Investments
- $12.4m
- Employees
- 0
- Location
- Coral Gables, FL
- Founding
- 02/1985
- Data as of
- 09/2024
- EIN
- 59-2477459
Organization Overview
Cobb Family Foundation Inc is located in Coral Gables, FL. The organization was established in 1985. 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. Cobb Family Foundation Inc 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 09/2024, Cobb Family Foundation Inc generated $824.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (4.2%) each year. All expenses for the organization totaled $1.9m during the year ending 09/2024. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles E Cobb Jr President | 1 | $2,500 | |
Sue M Cobb Vice Preside | 1 | $2,500 | |
Christian M Cobb Vice Preside | 1 | $2,500 | |
Tobin T Cobb Vice Preside | 1 | $2,500 | |
Kolleen O Cobb Director | 1 | $2,500 | |
Luisa S Cobb Director | 1 | $2,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $323,280 |
| Interest on Savings | $157,195 |
| Dividends & Interest | $663,375 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$321,344 |
| Capital Gain Net Income | $140,896 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,170 |
| Total Revenue | $824,676 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $17,500 |
| Other employee salaries and wages | $144,455 |
| Pension plans, employee benefits | $33,026 |
| Interest | $0 |
| Taxes | $11,586 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $52,526 |
| Printing and publications | $0 |
| Other expenses | $7,136 |
| Total operating and administrative expenses | $276,729 |
| Contributions, gifts, grants paid | $1,612,930 |
| Total expenses and disbursements | $1,889,659 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $44,222 |
| Savings and temporary cash investments | $883,735 |
| 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 | $0 |
| Total assets | $13,307,834 |
| Accounts payable and accrued expenses | $41,511 |
| 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 | $41,511 |
Grants Awarded
Over the last fiscal year, Cobb Family Foundation Inc has awarded $1,372,167 in support to 33 organizations.
| Grant Recipient | Amount |
|---|---|
BAPTIST HEALTH FOUNDATION PURPOSE: CHARITABLE | $40,000 |
BARBARA BUSH FOUNDATION FOR FAMILY PURPOSE: CHARITABLE | $10,000 |
BIG BROTHERS BIG SISTERS OF GREATER PURPOSE: CHARITABLE | $12,000 |
BREAKTHROUGH MIAMI PURPOSE: CHARITABLE | $10,000 |
CAMILLUS HOUSE PURPOSE: CHARITABLE | $1,000 |
BRUNSWICK SCHOOL PURPOSE: CHARITABLE | $30,000 |