Cb Foundation Inc
- Assets
- $810.1k
- Revenue
- $1.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Flowood, MS
- Founding
- 02/2003
- Data as of
- 12/2022
- EIN
- 75-3052579
Organization Overview
Cb Foundation Inc is located in Flowood, MS. The organization was established in 2003. 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. Cb 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 12/2022, Cb Foundation Inc generated $1.5k 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 (21.6%) each year. All expenses for the organization totaled $218.5k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Cb Foundation Inc has awarded 27 individual grants totaling $326,957. 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 |
|---|---|---|---|
Freddie J Bagley President | 1 | $0 | |
Thomas W Colbert Chairman | 1 | $0 | |
William C Lehr Sec/treas | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,450 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,450 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $523 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $973 |
| Contributions, gifts, grants paid | $217,500 |
| Total expenses and disbursements | $218,473 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $658,945 |
| Savings and temporary cash investments | $1 |
| 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 | $151,105 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $810,051 |
| 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, Cb Foundation Inc has awarded $217,500 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF MISSISSIPPI MEDICAL CENTER FUND FOR ADVANCEMENT OF YOUTH PURPOSE: CHARITABLE | $100,000 |
FRIENDS OF MISSISSIPPI VETERANS PURPOSE: CHARITABLE | $50,000 |
Flowood, MS PURPOSE: EDUCATIONAL | $50,000 |
CENTER FOR RENEWING AMERICA INC PURPOSE: CHARITABLE | $10,000 |
Forest, MS PURPOSE: CHARITABLE | $5,000 |
Jackson, MS PURPOSE: CHARITABLE | $2,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pyramid Peak Foundation Memphis, TN | $230,284,852 | $119,724,559 |
Alice L Walton Foundation Bentonville, AR | $3,555,974,062 | $449,327,995 |
Jesus Fund Little Rock, AR | $476,522,715 | $128,635,887 |
Poplar Foundation Memphis, TN | $149,801,224 | $18,419,294 |
Builders Initiative Bentonville, AR | $992,945,696 | $530,265,880 |
Plough Foundation Memphis, TN | $29,124,366 | $7,604,937 |
Union General Hospital Farmerville, LA | $25,999,661 | $20,373,665 |
Fore Kids Foundation Inc Avondale, LA | $11,128,381 | $16,554,167 |
Willard And Pat Walker Charitable Foundation Inc Fayetteville, AR | $353,155,323 | $36,054,174 |
Haslam Family Foundation Inc Knoxville, TN | $7,594,271 | $428,205 |
Robert E And Jenny D Kirkland Foundation Union City, TN | $287,925,102 | $17,113,043 |
Speer Foundation Brentwood, TN | $160,979,713 | $8,246,449 |