Cobb Foundation
- Assets
- $1.5m
- Revenue
- $101.5k
- Investments
- $1.3m
- Employees
- 0
- Location
- Great Falls, MT
- Founding
- 03/1955
- Data as of
- 10/2023
- EIN
- 81-6009358
Organization Overview
Cobb Foundation is located in Great Falls, MT. The organization was established in 1955. 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 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 10/2023, Cobb Foundation generated $101.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.6%) each year. All expenses for the organization totaled $92.3k during the year ending 10/2023. As we would expect to see with falling revenues, expenses have declined by (0.9%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Cobb Foundation has awarded 417 individual grants totaling $654,800. 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 |
|---|---|---|---|
Colleen Calkins Director | 1 | $0 | |
Stephen C Hatch Director | 1 | $0 | |
Dorene S Badgett Director | 1 | $0 | |
Amy Forsman Secretary/treasurer | 1 | $0 | |
Michael Cobb President | 1 | $0 | |
Carol S Larson Mrs Kurt Vice President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1 |
| Dividends & Interest | $25,989 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $75,510 |
| Capital Gain Net Income | $75,510 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $101,500 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,070 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $226 |
| Total operating and administrative expenses | $22,257 |
| Contributions, gifts, grants paid | $70,000 |
| Total expenses and disbursements | $92,257 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,446 |
| Savings and temporary cash investments | $138,865 |
| 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 | $1,080 |
| Total assets | $1,468,368 |
| 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, Cobb Foundation has awarded $70,000 in support to 44 organizations.
| Grant Recipient | Amount |
|---|---|
AUGUSTA HARDEST WORKING STUDENT PURPOSE: EDUCATION | $250 |
AUGUSTA HIGH SCHOOL PURPOSE: SCHOLARSHIPS | $1,500 |
AUGUSTA MUSEUM PURPOSE: OPERATIONS | $500 |
AUGUSTA MOST IMPROVED STUDENT PURPOSE: EDUCATION | $250 |
AUGUSTA SCHOOLS FFA PROGRAM PURPOSE: PROGRAM EXPENSES | $1,000 |
BENCHMARK WRESTLING CLUB PURPOSE: OPERATIONS | $1,000 |