Overview
What is Cobb Emc Foundation Inc?
Cobb Emc Foundation Inc is a charitable organization based in Marietta, Georgia, with an address at 1000 EMC Parkway, 30060. Their primary mission is to support non-profit entities in the service area of Cobb Electric Membership Corporation (Cobb EMC), which are qualified under IRC Section 501(C)(3). The foundation undertakes the task of accepting and disbursing funds for charitable purposes within this area. In the event of its dissolution, any remaining funds will be distributed solely for charitable purposes, continuing its commitment to the community.
Official website here: www.see schedule o
What are the reviews and ratings of this charity?
Charity Navigator Rating: 88%, Three-Star out of Four Star rating.
Cobb Emc Foundation Inc has earned a solid Three-Star rating on Charity Navigator, with an overall score of 88%. The rating reflects the charity's strong accountability and finance practices, particularly highlighting its 100% independent board members and a perfect score for its program expense ratio. This indicates that the majority of its funding directly supports its programs, demonstrating effective use of resources.
However, some areas for improvement have been noted. The foundation is missing key policies such as a whistleblower policy and a document retention and destruction policy, which impacts its overall accountability score. Additionally, the tax form is not posted on the nonprofit's website, which could affect transparency for potential donors and stakeholders.
Overall, while Cobb Emc Foundation Inc shows strengths in board independence and financial management, addressing the noted deficiencies in policy documentation and transparency could enhance its rating further. The organization appears committed to its mission, but embracing these improvements would bolster confidence among supporters and the community.
This AI summary has been generated from information found on Charity Navigator.
Is Cobb Emc Foundation Inc legitimate?
Cobb Emc Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cobb Emc 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: $27,750
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.see schedule o
What is the mission statement of Cobb Emc Foundation Inc?
The Cobb Emc Foundation Inc is established with the primary purpose of collecting and distributing funds for charitable causes within the service area of Cobb Electric Membership Corporation (Cobb EMC). Upon its dissolution, any remaining funds will be allocated exclusively for charitable purposes. The foundation provides community assistance to eligible non-profit, charitable organizations within its jurisdiction, as per the Internal Revenue Code Section 501(C)(3).
Official website here: www.see schedule o
Who is the CEO of Cobb Emc Foundation Inc?
Marlon Longacre is the Chairman of Cobb Emc Foundation Inc.
Official website here: www.see schedule o
What is the revenue of Cobb Emc Foundation Inc?
Cobb Emc Foundation Inc's revenue in 2022 was $1,018,299.
Official website here: www.see schedule o
Who are the executives of Cobb Emc Foundation Inc and what are their salaries?
Here are 12 key members and their salaries:
- Compensation: $3,000
- Related: $0
- Other: $0
- Compensation: $3,000
- Related: $0
- Other: $0
- Compensation: $3,000
- Related: $0
- Other: $0
- Compensation: $3,000
- Related: $0
- Other: $0
- Compensation: $2,250
- Related: $0
- Other: $0
- Compensation: $3,000
- Related: $0
- Other: $0
- Compensation: $3,000
- Related: $0
- Other: $0
- Compensation: $500
- Related: $0
- Other: $0
- Compensation: $1,500
- Related: $0
- Other: $0
- Compensation: $2,250
- Related: $0
- Other: $0
- Compensation: $2,250
- Related: $0
- Other: $0
- Compensation: $1,000
- Related: $0
- Other: $0
Official website here: www.see schedule o
Where can I find the form 990 for Cobb Emc Foundation Inc?
Cobb Emc Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.see schedule o
Learn more at the official website: www.see schedule o
Mission Statement of Cobb Emc Foundation Inc
Cobb Emc Foundation Inc, as a charitable organization, is established with the primary objective of accepting and dispensing funds for benevolent purposes within its operating region. This service area is aligned with Cobb Electric Membership Corporation (Cobb EMC). Upon the dissolution of the foundation, any residual funds will be allocated solely for charitable purposes. The foundation's role is to provide community assistance to eligible entities within its jurisdiction. These entities must adhere to the guidelines set by the Internal Revenue Code Section 501(C)(3), categorizing them as non-profit, charitable organizations. The foundation's mission is to contribute positively to its community by utilizing its resources for noble causes, ensuring that its charitable obligations are upheld even after its potential dissolution.
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Impact
July, 2024
Cobb Emc Foundation Inc makes a positive impact by providing community assistance to qualified nonprofit organizations in the service area of Cobb EMC. Their mission revolves around accepting and disbursing funds for charitable purposes, contributing to the betterment of the community. Through their support, they help enhance the quality of life for individuals and organizations within their service area in Marietta, Georgia.
This information is meant to be a general summary of Cobb Emc 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: $811
- Gross Receipts: $1,018,299
Assets and Liabilities:
- Total Assets: $244,271
- Total Liabilities: $0
- Net Assets: $244,271
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Organization Details
Founding Year
2011
Phone
(770) 429-2100Principal Officer
Marlon Longacre
Main Address
1000 EMC PARKWAY, MARIETTA, GA, 30060
Website
www.see schedule oNTEE Category
Code: Z99 - Unknown
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