Cobb Community Foundation INC

Tax-deductible

Atlanta, GA501(c)(3)Since 2005Arts & CultureEIN 20-5652970Revenue $17.7M in FY2024

On file with the IRScobbfoundation.org1100 Circle 75 Parkway Southea, 30339-3064 · Atlanta, GATax-exempt since Aug 2007Publicly supported charity — 170(b)(1)(A)(vi)

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Cobb Community Foundation is a public charity driven to help Cobb county and the immediately surrounding area become a thriving Community of engaged, charitable citizens where all people can access opportunities and achieve their greatest potential. We are a grant maker. We are a charitable fund manager. We are a Community catalyst, fostering collaboration for long-term impact. These roles are embodied in our mission statement: be a catalyst for a thriving Community mobilizing people, ideas and resources to improve quality of life in and around Cobb. In 2024, Cobb Community Foundation made total grants and scholarships of $6.2 million, over two-thirds of which was awarded to organizations in Cobb county, georgia and 77% of which was awarded to organizations in metro atlanta.

501(c)(3) charity; gifts are tax-deductible.
93¢ of each $1 spent went to programs.
Run by 35 volunteers and 7 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $2.7M a year · 40% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
93%
of spending
Looks good: 93% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$135K
to officers and key staff · 2% of spending
Top officer’s pay lower than 94% of similar orgs
Looks good: pay to officers and key staff is 2% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
3 mo
of spending, in cash
Looks good: 3.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $14K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$9.2M
27% of total assets
Looks good: liabilities are 27% of assets; 50% or less.
Pt X · Ln 26
Independent board members
29
of 29 voting members
Looks good: 29 of 29 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$17.7M
+242% vs prior year
Spent
$7.3M
To programs
93%
Net assets
$25.0M
By yearFY2020–FY2024
Revenue
$17.7M
FY2024▲ +242%
Tap a bar for its year
Revenue by fiscal year
FY2020$2.5M
FY2021$3.6M
FY2022$5.1M
FY2023$5.2M
FY2024$17.7M
Expenses
$7.3M
FY2024▲ +32%
Tap a bar for its year
Expenses by fiscal year
FY2020$2.4M
FY2021$2.8M
FY2022$2.5M
FY2023$5.5M
FY2024$7.3M
Net assets
$25.0M
FY2024▲ +83%
Tap a bar for its year
Net assets by fiscal year
FY2020$11.1M
FY2021$12.8M
FY2022$13.2M
FY2023$13.7M
FY2024$25.0M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 2007.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

93 cents of each dollar spent went to programs.

Program services 93% · $6.8M Management & general 3% · $196K Fundraising 4% · $280K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

30 people listed on the 990; $135K paid to officers and key staff.

Part VII, Section A · reportable compensation
President & CEO
$135,282Pt VII · Sec A
$0Pt VII · Sec A
First Vice Chair
$0Pt VII · Sec A
Second Vice Chair
$0Pt VII · Sec A
Second Vice Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Immediate Past Board Chair
$0Pt VII · Sec A

Shari Martin’s $135K as President & CEO is at the 6th percentile of top reported officer pay among 749 $10–100M arts & culture nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Shari Martin$135,282$130,701$127,300$110,000$102,500

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Cobb Community Foundation INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Mobilizes resources, manages charitable funds, and awards grants to strengthen local nonprofits and improve the quality of life in Cobb County and metro Atlanta.

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Provided by the organization

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3 programs · $6.5M · in their own filed words · FY2024
01

Connecting Donors and Causes

Donor and committee advisors awarded over $4.9 million in grants in 2024 to 446 charitable organizations working to address numerous issues. Nonprofit grantees included those addressing various aspects of health and human services, education, and the arts as well as faith-based organizations.

$5.3Mprogram expense
02

Match Magic

Cobb community foundation's match magic giveathon provided 25 local nonprofits with resources to leverage their fundraising efforts during a 2-WEEK period ending on december 3, 2024. Selected from 42 applicants, 25 participating organizations received training, templates, and marketing tools to effectively share their stories and engage…

$880Kprogram expense
03

Strategic Initiatives

Cobb community foundation is focusing our discretionary community grantmaking on two key areas: nonprofit capacity building and community problem-solving. In addition to the resources and tools provided during match magic, and CCF and united way of greater atlanta NW metro region have partnered to identify, develop and fund programs that…

$285Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 2 funders$14K
Grants paid · 402 grants · $13.4M · 2020–2024
North Metro ChurchOH · FY2024$520,000
Life University INCGA · FY2024$303,000
Ser Familia INCGA · FY2024$250,284
Piedmont Baptist ChurchGA · FY2024$150,000
Oaks Ministries INCGA · FY2024$150,000
Open Bible Tabernacle INCGA · FY2024$139,000
Individual RecipientFY2024$129,000
Friends of the Strand INCGA · FY2024$118,819
Reflections of Trinity INCGA · FY2024$93,176
Livesafe Resources INCGA · FY2024$81,500
Circles Cobb INCGA · FY2024$78,192
See all 402 grants →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$17.7M
Ln 12
Gifts and grantsLn 1h$16.5M
Investment incomeLn 3$1.0M
Fees for servicesLn 2g$110K
Money outPt IX
$7.3M
Ln 25
Programscol B$6.8M
Managementcol C$196K
Fundraisingcol D$280K
Owns and owesPt X
$25.0M
net assets · Ln 32
Cash and savingsLn 1–2$1.9M
Total assetsLn 16$34.2M
LiabilitiesLn 26$9.2M
PeoplePt VI, VII
30
listed · VII A
PaidVII A1
Voting boardVI 1a29
IndependentVI 1b29
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$16.5M
Noncash giftsLn 1g$2.1M
Fees for servicesLn 2g$110K
Investment incomeLn 3$1.0M
Other incomeLn 4–11$3K
Gains on assetsLn 7$518K
Total revenueLn 12$17.7M
Assets in detailPt X, end of year
CashLn 1$1.9M
Cash and savings togetherLn 1–2$1.9M
InvestmentsLn 11–13$32.1M
Other assetsLn 15$151K
Total assetsLn 16$34.2M
LiabilitiesLn 26$9.2M
Net assetsLn 32$25.0M
OperationsPt I, VI
EmployeesI 57
VolunteersI 635
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$104K$1.9M
InvestmentsLn 11–13$24.4M$32.1M
Total assetsLn 16$24.8M$34.2M
LiabilitiesLn 26$11.1M$9.2M
Net assetsLn 32$13.7M$25.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$6.2M$6.2M
Pay of current officers, directors and key staffLn 5$137K$55K$55K$27K
Other salaries and wagesLn 7$273K$186K$59K$29K
Other employee benefitsLn 9$63K$37K$18K$9K
Payroll taxesLn 10$35K$20K$10K$5K
Accounting feesLn 11c$16K$16K
Investment management feesLn 11f$79K$79K
Other fees for servicesLn 11g$49K$49K
Advertising and promotionLn 12$146K$26K$120K
Office expensesLn 13$94K$73K$16K$5K
Information technologyLn 14$2K$1K$563$563
OccupancyLn 16$51K$30K$14K$7K
Conferences, conventions and meetingsLn 19$19K$11K$7K$1K
InsuranceLn 23$2K$470$1K$110
Other expenses (24a–d)Ln 24$89K$12K$977$76K
Total functional expensesLn 25$7.3M$6.8M$196K$280K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $17.7M$7.3M$10.4M$25.0M 990 PDF
FY2023 $5.2M$5.5M−$337K$13.7M 990 PDF
FY2022 $5.1M$2.5M$2.6M$13.2M 990 PDF
FY2021 $3.6M$2.8M$758K$12.8M 990 PDF
FY2020 $2.5M$2.4M$41K$11.1M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $17,662,764 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $4,150,127$16,520,229
I-9 Program service revenuePrior year $113,897$110,028
I-10 Investment incomePrior year $906,425$1,029,411
I-11 Other revenuePrior year $0$3,096
I-12 Total revenuePrior year $5,170,449$17,662,764
I-13 Grants and similar amounts paidPrior year $4,559,026$6,207,173
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $536,701$508,466
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $411,464$547,338
I-18 Total expensesPrior year $5,507,191$7,262,977
I-19 Revenue less expensesPrior year −$336,742$10,399,787
Part VI · Governance 29 of 29 board members independent, no flags
VI-1a Voting members of the governing body29
VI-1b Independent voting members29
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $17,662,764 across 8 lines filed
VIII-1f All other contributions, gifts and grants$16,520,229
VIII-1g Noncash contributions (included above)$2,131,270
VIII-1h Total contributions, gifts and grants$16,520,229
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $110,028$110,028
VIII-3 Investment incomeExcluded from tax $511,794$511,794
VIII-7 Net gain or loss on sales of assetsExcluded from tax $517,617$517,617
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $3,096$3,096
VIII-12 Total revenueRelated to mission $110,028 · Unrelated business $0 · Excluded from tax $1,032,507$17,662,764
Part IX · Statement of functional expenses $7,262,977 across 15 lines filed
IX-1 Grants to domestic organizationsPrograms $6,207,173$6,207,173
IX-5 Pay of current officers, directors and key staffPrograms $54,833 · Management $54,833 · Fundraising $27,416$137,082
IX-7 Other salaries and wagesPrograms $185,681 · Management $58,764 · Fundraising $28,807$273,252
IX-9 Other employee benefitsPrograms $37,206 · Management $17,574 · Fundraising $8,697$63,477
IX-10 Payroll taxesPrograms $20,313 · Management $9,594 · Fundraising $4,748$34,655
IX-11c Accounting feesManagement $15,926$15,926
IX-11f Investment management feesPrograms $79,499$79,499
IX-11g Other fees for servicesPrograms $48,856$48,856
IX-12 Advertising and promotionPrograms $25,823 · Fundraising $120,436$146,259
IX-13 Office expensesPrograms $72,682 · Management $16,263 · Fundraising $4,624$93,569
IX-14 Information technologyPrograms $1,125 · Management $563 · Fundraising $563$2,251
IX-16 OccupancyPrograms $29,833 · Management $14,089 · Fundraising $6,974$50,896
IX-19 Conferences, conventions and meetingsPrograms $11,063 · Management $6,701 · Fundraising $1,491$19,255
IX-23 InsurancePrograms $470 · Management $1,132 · Fundraising $110$1,712
IX-24 Other expenses (24a–d)Programs $11,977 · Management $977 · Fundraising $76,161$89,115
IX-25 Total functional expensesPrograms $6,786,534 · Management $196,416 · Fundraising $280,027$7,262,977
Part X · Balance sheet $34,228,701 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $104,038$1,893,309
X-3 Pledges and grants receivableStart of year $91,749$69,329
X-4 Accounts receivableStart of year $60,886$0
X-9 Prepaid expenses and deferred charges$2,447
X-11 Publicly traded securitiesStart of year $24,361,744$32,112,296
X-15 Other assetsStart of year $175,195$151,320
X-16 Total assetsStart of year $24,793,612$34,228,701
X-17 Accounts payable and accrued expensesStart of year $7,873$29,293
X-25 Other liabilitiesStart of year $11,092,890$9,187,465
X-26 Total liabilitiesStart of year $11,100,763$9,216,758
X-27 Net assets without donor restrictionsStart of year $12,919,159$24,237,604
X-28 Net assets with donor restrictionsStart of year $773,690$774,339
X-32 Total net assets or fund balancesStart of year $13,692,849$25,011,943
X-33 Total liabilities and net assetsStart of year $24,793,612$34,228,701
Part XI · Reconciliation of net assets $25,011,943 net assets at year end
XI-1 Total revenue$17,662,764
XI-2 Total expenses$7,262,977
XI-3 Revenue less expenses$10,399,787
XI-4 Net assets at start of year$13,692,849
XI-5 Net unrealized gains (losses) on investments$919,307
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$25,011,943

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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