Robert & Mary Cobb Family Foundation
- Assets
- $8.3m
- Revenue
- $248.8k
- Investments
- $8.1m
- Employees
- 0
- Location
- Birmingham, AL
- Founding
- 08/2018
- Data as of
- 12/2023
- EIN
- 82-3662305
Organization Overview
Robert & Mary Cobb Family Foundation is located in Birmingham, AL. The organization was established in 2018. 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. Robert & Mary Cobb Family 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 12/2023, Robert & Mary Cobb Family Foundation generated $248.8k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.1%) each year. All expenses for the organization totaled $602.8k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Robert & Mary Cobb Family Foundation has awarded 80 individual grants totaling $2,209,820. 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 |
|---|---|---|---|
Robert M Cobb Director | 1 | $0 | |
Mary Louise S Brooks Director | 1 | $0 | |
Bonnie S Flournoy Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $94,734 |
| Interest on Savings | $0 |
| Dividends & Interest | $150,879 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,161 |
| Capital Gain Net Income | $3,161 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $248,774 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $50,279 |
| Contributions, gifts, grants paid | $552,500 |
| Total expenses and disbursements | $602,779 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $169,700 |
| Net Accounts receivable | $418 |
| 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 | $8,141,682 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $8,311,800 |
| 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, Robert & Mary Cobb Family Foundation has awarded $552,500 in support to 28 organizations.
| Grant Recipient | Amount |
|---|---|
CHRIST EPISCOPAL CHURCH PURPOSE: RELIGIOUS | $30,000 |
ELON UNIVERSITY PURPOSE: EDUCATION | $10,000 |
HOLY INNOCENTS' EPISCOPAL SCHOOL PURPOSE: EDUCATION | $10,000 |
EMORY UNIVERSITY PURPOSE: EDUCATION | $20,000 |
PEACHTREE ROAD UNITED METHODIST CHURCH PURPOSE: RELIGIOUS | $25,000 |
TUSCALOOSA ACADEMY PURPOSE: EDUCATION | $100,000 |