Cb Foundation Inc
- Assets
- $623.5k
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Mobile, AL
- Founding
- 05/2019
- Data as of
- 08/2022
- EIN
- 82-2853726
Organization Overview
Cb Foundation Inc is located in Mobile, AL. The organization was established in 2019. 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. 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 08/2022, Cb Foundation Inc generated $1.3m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 68.3% each year . All expenses for the organization totaled $662.9k during the year ending 08/2022. While expenses have increased by 54.6% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Cb Foundation Inc has awarded 45 individual grants totaling $2,294,479. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
BENEVOLENCE GIVING OUT OF CHRISTIAN LOVE TO MINISTRIES AND FAMILIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bruce R Wagner Sr Director | 0 | $0 | |
Cathy Wagner Director | 0 | $0 | |
Melissa Reynolds Director | 0 | $0 | |
Bruce R Wagner Sr Director | 0 | $0 | |
Cathy Wagner Director | 0 | $0 | |
Melissa Reynolds Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,275,100 |
| Interest on Savings | $53 |
| 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 | $1,275,153 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $60 |
| Total operating and administrative expenses | $810 |
| Contributions, gifts, grants paid | $662,100 |
| Total expenses and disbursements | $662,910 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $623,488 |
| 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 | $21,175,120 |
| Other assets | $0 |
| Total assets | $623,488 |
| 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 $2,134,979 in support to 30 organizations.
| Grant Recipient | Amount |
|---|---|
ALL OTHER SMALL DONATIONS PURPOSE: BENEVOLENCE | $210,839 |
NATHAN RACHEAL MORRIS PURPOSE: MISSIONS SUPPORT | $100,000 |
BOYS & GIRLS CLUB OF SOUTH ALABAMA PURPOSE: PROGRAM SUPPORT | $1,500 |
SUSAN MCKINNEY PURPOSE: BENEVOLENCE | $5,000 |
DOUG BENNETT PURPOSE: MISSIONS SUPPORT | $25,000 |
SHAKE THE NATIONS PURPOSE: PROGRAM SUPPORT | $400,000 |