Overview
What is Cobb Community Foundation Inc?
Cobb Community Foundation Inc, based in Atlanta, Georgia, serves as a bridge between donors and causes. Acting as a grant maker, charitable fund manager, and community catalyst, the foundation encourages philanthropic giving and supports various charitable organizations. In 2022, they distributed nearly $2 million in grants and scholarships, with a majority of the recipients located in Cobb County and the surrounding Metro Atlanta area. The foundation's mission is to inspire charitable giving, build resources for the future, and connect passionate donors with causes that matter. In this role, they help donors create impactful funds and channel their contributions to organizations focused on health, human services, education, community service, and the arts, totaling over $3.7 million in donor funds and $1.5 million in grants in 2022. With a team of 7 dedicated individuals, Cobb Community Foundation actively contributes to the betterment of its community.
Official website here: www.cobbfoundation.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 97%, Four-Star out of Four Star rating
Cobb Community Foundation Inc received a high score of 97%, reflecting strong accountability and finance practices. The organization boasts an impressive financial oversight with 100% independent board members and no material diversion of assets, demonstrating commitment to transparency. Their efficient fundraising and program expense ratios further indicate a strong focus on maximizing the impact of donations.
The foundation excels in community engagement and feedback collection, achieving perfect scores in both areas. This suggests that the organization actively incorporates constituent feedback to improve its programs and strategies. Their commitment to equity is also notable, scoring 91 out of 100, which highlights their efforts to implement inclusive practices within their operations.
While the organization has strong practices in place, areas for potential growth include enhancing equity policies and processes, as indicated by their scores in that category. Overall, Cobb Community Foundation Inc appears to be a well-managed nonprofit that prioritizes accountability and community involvement.
This AI summary has been generated from information found on Charity Navigator.
Is Cobb Community Foundation Inc legitimate?
Cobb Community Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cobb Community Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $127,300
Professional Fundraising Fees: $0
Other Salaries and Wages: $204,601
For more financial information, click here
Official website here: www.cobbfoundation.org
What is the mission statement of Cobb Community Foundation Inc?
The Cobb Community Foundation's mission is centered around inspiring charitable giving, building resources for the future, and connecting donors who care with causes that matter. As a grant maker, charitable fund manager, and community catalyst, the foundation fosters collaboration for long-term impact. In 2022, the foundation made total grants and scholarships of nearly $2 million, with donor advisors contributing over $3.7 million to various types of donor funds and awarding $1.5 million in grants to 223 charitable organizations. A significant portion of the grants were given to local organizations, with over a third based in Cobb County. The foundation primarily supports causes in the areas of health, human services, education, community service, and the arts, with 80% of the funds granted going to organizations in the Metro Atlanta area.
Official website here: www.cobbfoundation.org
Who is the CEO of Cobb Community Foundation Inc?
Shari B Martin is the President & Ceo of Cobb Community Foundation Inc. The CEO's salary of Cobb Community Foundation Inc is $127,300 and their total compensation is $132,100.
Official website here: www.cobbfoundation.org
What is the revenue of Cobb Community Foundation Inc?
Cobb Community Foundation Inc's revenue in 2022 was $5,133,714.
Official website here: www.cobbfoundation.org
Who are the executives of Cobb Community Foundation Inc and what are their salaries?
The average compensation at Cobb Community Foundation Inc during 2022 was $47,414. There are 7 employees and 26 volunteers at Cobb Community Foundation Inc.
Here are 27 key members and their salaries (Cobb Community Foundation Inc's CEO's salary is $127,300 and their total compensation is $132,100):
- Compensation: $127,300
- Related: $0
- Other: $4,800
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.cobbfoundation.org
Where can I find the form 990 for Cobb Community Foundation Inc?
Cobb Community Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cobbfoundation.org
Learn more at the official website: www.cobbfoundation.org
Mission Statement of Cobb Community Foundation Inc
Cobb Community Foundation, a public charity, is driven by a mission to foster thriving communities and aid those who contribute and serve within them. As a grant maker, charitable fund manager, and community catalyst, the organization's mission is threefold: inspiring charitable giving, building resources for the future, and connecting donors who care with causes that matter. By doing so, Cobb Community Foundation aims to create lasting impact in their community.
In practice, Cobb Community Foundation serves as a bridge between donors and the causes they care about. Their donor advisors contributed over $3.7 million to various funds established at the foundation in 2022, and granted $1.5 million to 223 charitable organizations. These organizations primarily focused on health, human services, education, community service, and the arts. A significant portion of these grants, over one-third, were awarded to organizations based in Cobb County, while two-thirds were directed towards nonprofits within the Metro Atlanta area.
In summary, Cobb Community Foundation's mission is to inspire and facilitate charitable giving, build resources for future generations, and connect donors with causes that resonate with them. By playing the role of a community catalyst, the organization fosters collaboration for long-term impact and strengthens the social fabric of their community.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Cobb Community Foundation Inc significantly enhances the welfare and growth of its community by inspiring charitable giving and fostering collaboration among donors and local causes. In 2022 alone, the Foundation distributed nearly $2 million in grants and scholarships, making a tangible impact on a wide range of sectors including health, education, and the arts.
The organization plays a pivotal role as a grant maker and charitable fund manager, directly connecting those who wish to give with the causes that are essential to the community. Donor advisors contributed over $3.7 million to various funds, thus empowering over 223 charitable organizations serving Cobb County and the broader metro Atlanta area. Remarkably, about one-third of the grantees are based in Cobb County, illustrating a commitment to local initiatives.
By building resources for the future and acting as a community catalyst, Cobb Community Foundation Inc not only supports immediate needs but also invests in long-term sustainable growth, ensuring that philanthropic efforts have a lasting positive impact.
This information is meant to be a general summary of Cobb Community Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $611,246
- Program Service Revenue: $86,230
- Gross Receipts: $15,851,326
Assets and Liabilities:
- Total Assets: $22,816,588
- Total Liabilities: $9,573,748
- Net Assets: $13,242,840
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FEE INCOME
Revenue
$86,230
Organization Details
Founding Year
2005
Phone
(770) 859-2366Principal Officer
Shari B Martin
Main Address
1100 CIRCLE 75 PKWY 1000, ATLANTA, GA, 30339
Website
www.cobbfoundation.orgNTEE Category
Code: A12 - Arts
If you are a representative of Cobb Community Foundation Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.