Coserv Charitable Foundation EIN 13-4281766 Form 990 (PDF) Claim this org

Coserv Charitable Foundation FY2021 filing

Not yet claimed Claim this org →

Awards grants to local non-profit organizations and education foundations to provide critical services for families in the community. For fiscal year 2021 it reported $1.4M in revenue, $1.7M in expenses, and $371K in net assets.Pt I

Type
Public foundation / grantmaker · Foundations & Grantmakers
Location
Corinth, TX
Website
www.coserv.com/community
Filings
5 on file (2020–2021)
Revenue
$1.4MFY2021
Expenses
$1.7M
Net assets
$371K
People
4
Filings
5
Updates
0
More identity details & actions ⌄
EIN  13-4281766 Public foundation / grantmaker Corinth, TX
Form 990 (PDF)
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →
Compare with another nonprofit →
Figures match the IRS filing checked 9/11/26 · see original: IRS
Is this your organization?
Claim this profile to manage it and share your story.
Claim
Provided by the organization

This section is blank until Coserv Charitable Foundation claims this page.

Know this organization? Claim it to add your story

Size
$1–10M
What they do
Awards grants to local non-profit organizations and education foundations to provide critical services for families in the community.
Leadership
Robby Hamlin · Director
Money in and out
$1.4M revenue, $1.7M expenses
Bottom line
100% program efficiency
Grants paid & assets · FY2021
Total revenue
$1.4M
Pt VIII · Ln 12
Total expenses
$1.7M
Pt IX · Ln 25
Net assets
$371K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$221K
Where spending went · Part IX cols B–D
Program services $1.00
Program efficiency
100%
of spending reaches programs
Operating runway
4.4mo
months of highly liquid reserves at operating expense rate
Surplus margin
-15%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Revenue
$1.4M
FY2021▲ +12%
Expenses
$1.7M
FY2021▲ +43%
Total assets
$614K
FY2021▼ -2%
Total liabilities
$243K
FY2021▲ +586%
Total revenue
$1.4M
Pt VIII · Ln 12
Total expenses
$1.7M
Pt IX · Ln 25
Net assets
$371K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$221K
Total assetsPt X · Ln 16$614K
Program-expense ratioPt IX · col B100%
Voting members of governing bodyPt I · Ln 34
Independent voting membersPt I · Ln 4pending

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CCoserv Charitable Foundation
EINHdr · item D13-4281766
Principal addressHdr · item CCorinth, TX
WebsiteHdr · item Jwww.coserv.com/community
Year of formationHdr · item Lpending
State of legal domicileHdr · item MTX
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T30)
Ruling yearIRS BMFMay 2005

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a4
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary-Treasurer
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
See Coserv Charitable Foundation executive salaries →

Are you one of these people? Claim this org to confirm your role

Mission & Programs · Part III

Where the work happens

1 program service account for $1.7M of program spending, described in the organization's own filed words · FY2021.
01

The organization funded 121 grants, including 23 for education foundations. Four requests for funding were denied and 31 were partially funded. Including in the funding was support for social service agencies who were responding to the need of COVID-19 impacted members of the community.

$1.7Mprogram expense

Run this program? Claim this org to tell your story

Statement of Revenue

Part VIII
Contributions & grants100%$1.4M
Investment income$20
Total revenueLn 12$1.4M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $1.00
Program services100%$1.7M
Total functional expensesLn 25$1.7M

Balance Sheet

Part X · end of year
CashLn 1$610K
Total assetsLn 16$614K
Total liabilitiesLn 26$243K
Total net assetsLn 32$371K
Months of cash on handcomputed4.4

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $610K · Operating expenses/yr $1.7M
4.4 months
Where the money goes
Program services
Program services $1.7M · Total expenses $1.7M
100%
Management & General
Management & general $0 · Total expenses $1.7M
0%
Fundraising
Fundraising $0 · Total expenses $1.7M
0%
Cost to raise $1
Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $1.4M
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $1.4M · Total revenue $1.4M
100%
Government reliance
Government grants — · Total revenue $1.4M
Earned-income share
Program service revenue $0 · Total revenue $1.4M
0%
Investment reliance
Investment income $20 · Total revenue $1.4M
<0.01%
Program self-sufficiency
Program service revenue $0 · Total expenses $1.7M
0%
Growth & trend
Revenue growth (YoY)
This year $1.4M · Prior year $1.3M
+12%
Net-asset trend (YoY)
End of year $371K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $1.4M · Expenses $1.7M
-15%
Liabilities-to-Assets
Total liabilities — · Total assets $614K
Net-asset ratio
Net assets $371K · Total assets $614K
60%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $614K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Robby Hamlin · Reported title DIRECTOR · Highest reported compensation $0 · Total expenses $1.7M
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $1.7M
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 100%
Overhead ratio 0%
Fundraising cost ratio 0%
Revenue growth 12%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$84K
Grants paid · 322 grants · $7.1M · 2020–2024
Allen Community OutreachTX · FY2024$205,995
Community Lifeline Center INCTX · FY2024$110,000
Pediplace INCTX · FY2024$45,000
Span IncorporatedTX · FY2024$40,000
Hearts for HomesTX · FY2024$40,000
Christian Community ActionTX · FY2024$40,000
LovepacsTX · FY2024$29,000
Wilkinson CenterTX · FY2024$25,000
Texas Neighborhood ServicesTX · FY2024$25,000
Prosper Education FoundationTX · FY2024$25,000
See all 322 grants →

Similar Organizations

Closest in mission — by what they do
See all organizations like Coserv Charitable Foundation →

Compare

Search another nonprofit to view revenue, expenses, assets, key metrics, and leaders side by side

Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$1.9M revenue · ⤓ 990 PDF
FY2023$1.8M revenue · ⤓ 990 PDF
FY2022$1.7M revenue · ⤓ 990 PDF
FY2021$1.4M revenue · viewing · ⤓ 990 PDF
FY2020$1.3M revenue · ⤓ 990 PDF

Want to add your own materials alongside these filings? Claim this org

Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the peer-cohort and compensation comparisons above.