Cobra Foundation
- Assets
- $195.4k
- Revenue
- $62.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Tremont, IL
- Founding
- Data as of
- 12/2022
- EIN
- 87-1484312
Organization Overview
Cobra Foundation is located in Tremont, IL. 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. Cobra 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 12/2022, Cobra Foundation generated $62.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (37.7%) each year. All expenses for the organization totaled $11.5k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Cobra Foundation has awarded 26 individual grants totaling $165,815. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $73,097 |
| Interest on Savings | $21 |
| Dividends & Interest | $599 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$11,079 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $62,638 |
| 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 | $49 |
| Printing and publications | $0 |
| Other expenses | $1,167 |
| Total operating and administrative expenses | $1,216 |
| Contributions, gifts, grants paid | $10,315 |
| Total expenses and disbursements | $11,531 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $52,416 |
| 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 | $143,000 |
| 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 | $195,416 |
| 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, Cobra Foundation has awarded $163,630 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
COMMAND POST PURPOSE: INTEGRATE & SUSTAIN EXCELLENCE THRU EDUC | $143,000 |
LEGACY CHRISTIAN ACADEMY LIBRARY FD PURPOSE: IMPROVE CHRISTIAN LIBRARY & EDUC EXCELLENCE | $5,000 |
WORLD VISION PURPOSE: TO AID IN PROVIDING FOOD & RESOURCES TO THE NEEDY | $3,315 |
THERESA TRACY TROT PURPOSE: PANCREATIC CANCER RESEARCH | $500 |
CHRISTIAN APPALACHIAN PROJECT PURPOSE: PROVIDE FOOD AND IMPROVED SHELTER FOR NEEDY | $450 |
WOUNDED WARRIOR PURPOSE: TO HELP EMPOWER INJURED AMERICAN VETERANS | $250 |