Overview
What is Cobb Neck Corporation?
Cobb Neck Corporation is a nonprofit organization situated in Newburg, Maryland (specifically at PO Box 93). Their primary goal is to acquire real estate and construct a Knights of Columbus Council Hall. To achieve this mission, they meticulously monitor and safeguard their investments, aiming to expand their assets through investment income. This accumulated wealth will then be utilized to fulfill their purpose. The organization is dedicated to this mission, continually working towards its realization.
Is Cobb Neck Corporation legitimate?
Cobb Neck Corporation is a legitimate nonprofit organization registered as a 501(c)(2) entity. Cobb Neck Corporation 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:
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Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Cobb Neck Corporation?
Cobb Neck Corporation's mission is centered around acquiring real property and constructing a facility for the Knights of Columbus Council. The organization diligently safeguards its investments and increases its assets through investment income, which it then utilizes to fulfill this mission. The ultimate goal is to build a Knights of Columbus Council Hall.
Who is the CEO of Cobb Neck Corporation?
Francis P Wathen is the President of Cobb Neck Corporation.
What is the revenue of Cobb Neck Corporation?
Cobb Neck Corporation's revenue in 2022 was -$26,342.
Who are the executives of Cobb Neck Corporation and what are their salaries?
There 71 volunteers at Cobb Neck Corporation.
Here are 5 key members and their salaries:
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Where can I find the form 990 for Cobb Neck Corporation?
Cobb Neck Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Cobb Neck Corporation
Cobb Neck Corporation, a nonprofit organization, is dedicated to achieving a specific objective. Its mission revolves around the acquisition of real property and the construction of a Knights of Columbus Council Hall. This endeavor serves as the cornerstone of the organization's activities. In pursuit of this goal, Cobb Neck Corporation meticulously monitors its investments and safeguards its assets. The income generated from these investments is strategically utilized to accumulate funds for the eventual acquisition of property and the construction of the Knights of Columbus Council Hall. This mission is a testament to the organization's commitment to serving its community and providing a physical space for the Knights of Columbus Council.
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Impact
October, 2024
Cobb Neck Corporation plays a crucial role in enhancing community engagement and recreational opportunities in Newburg, Maryland. By focusing on the acquisition of real property and the construction of a Knights of Columbus Council Hall, the organization aims to create a dedicated space for community gatherings, events, and activities. This initiative not only fosters a sense of belonging among members but also promotes social interaction and collaboration within the community.
The organization's commitment to safeguarding its investments and increasing assets through strategic investment income demonstrates a proactive approach to ensuring the sustainability of its mission. By successfully managing resources, Cobb Neck Corporation is positioned to fulfill its objective of establishing a hall that serves as a hub for local activities, thereby enriching the cultural and recreational landscape of Newburg. Through this endeavor, the corporation significantly contributes to the vitality and cohesion of the community, encouraging civic participation and strengthening social ties.
This information is meant to be a general summary of Cobb Neck Corporation. 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: -$26,342
- Gross Receipts: $1,009,932
Assets and Liabilities:
- Total Assets: $227,424
- Total Liabilities: $3,089
- Net Assets: $224,335
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Organization Details
Founding Year
1999
Phone
(301) 751-4950Principal Officer
Francis P Wathen
Main Address
PO BOX 93, NEWBURG, MD, 20664
NTEE Category
Code: N50 - Recreation
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