Cobb Community Foundation INC FY2020 filing

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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.
91¢ of each $1 spent went to programs.
$102K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2020 · 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
91%
of spending
Looks good: 91% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$102K
to officers and key staff · 4% of spending
Looks good: pay to officers and key staff is 4% of spending; 15% or less.
Pt VII · Sec A
1 mo
of spending, in cash
Plus $14.4M in investments, Pt X · Ln 11–13
Fine: 1.1 months of spending in cash; 1 to 3.
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
$3.7M
25% of total assets
Looks good: liabilities are 25% of assets; 50% or less.
Pt X · Ln 26
Independent board members
24
of 24 voting members
Looks good: 24 of 24 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.5M
Spent
$2.4M
To programs
91%
Net assets
$11.1M
By yearFY2020–FY2024
Revenue
$2.5M
FY2020
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
$2.4M
FY2020
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
$11.1M
FY2020
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 FY2020 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

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

91 cents of each dollar spent went to programs.

Program services 91% · $2.2M Management & general 5% · $130K Fundraising 3% · $80K

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

25 people listed on the 990; $102K paid to officers and key staff.

Part VII, Section A · reportable compensation
President/CEO
$102,500Pt VII · Sec A
$0Pt VII · Sec A
First Vice Chair
$0Pt VII · Sec A
Second Vice Chair
$0Pt VII · Sec A
Founding Chair
$0Pt VII · Sec A
Past Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$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 · $2.2M · in their own filed words · FY2020
01

Donors contributed nearly $1.5 million to various types of donor funds established at cobb community foundation. Including earnings on investments, donor funds grew by over $2.4 million. Likewise, just under $1.6 million was awarded in grants in 2020 to 175 charitable organizations serving in the areas of health, human services…

$1.7Mprogram expense
02

Our 2020 grantmaking was originally planned to focus on addressing needs identified in those areas identified as "red zones" in our 2019 cobb county human services needs assessment and asset mapping study.

$349Kprogram expense
03

Cobb community foundation staff expended significant time and energy to facilitate discussions among various nonprofits and government agencies to ensure that cobb's needs were being met. One resulting initiative was the cobb community food fleet.

$96Kprogram 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 FY2020 990, line by line.

1The main four
Money inPt VIII
$2.5M
Ln 12
Gifts and grantsLn 1h$2.0M
Investment incomeLn 3$426K
Fees for servicesLn 2g$40K
Money outPt IX
$2.4M
Ln 25
Programscol B$2.2M
Managementcol C$130K
Fundraisingcol D$80K
Owns and owesPt X
$11.1M
net assets · Ln 32
Cash and savingsLn 1–2$234K
Total assetsLn 16$14.8M
LiabilitiesLn 26$3.7M
PeoplePt VI, VII
25
listed · VII A
PaidVII A1
Voting boardVI 1a24
IndependentVI 1b24
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.0M
Noncash giftsLn 1g$440K
Fees for servicesLn 2g$40K
Investment incomeLn 3$426K
Other incomeLn 4–11$2K
Gains on assetsLn 7$214K
Total revenueLn 12$2.5M
Assets in detailPt X, end of year
CashLn 1$234K
Cash and savings togetherLn 1–2$234K
InvestmentsLn 11–13$14.4M
Total assetsLn 16$14.8M
LiabilitiesLn 26$3.7M
Net assetsLn 32$11.1M
OperationsPt I, VI
EmployeesI 57
VolunteersI 635
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3More from this return
Abroad and in kindSch F, M
Noncash gifts receivedSch M Pt I$440K
EndowmentSch D · Pt V
LineFY20FY19FY18FY17FY16
End of yearLn 1g$718K$724K$638K$700K$622K
Given inLn 1b$6K$9K
SpentLn 1d–1f$59K$34K$36K$13K
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$408K$234K
InvestmentsLn 11–13$13.0M$14.4M
Total assetsLn 16$13.6M$14.8M
LiabilitiesLn 26$3.0M$3.7M
Net assetsLn 32$10.6M$11.1M
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$1.9M$1.9M
Pay of current officers, directors and key staffLn 5$104K$73K$21K$10K
Other salaries and wagesLn 7$112K$61K$48K$4K
Other employee benefitsLn 9$5K$3K$2K$260
Payroll taxesLn 10$18K$11K$6K$1K
Accounting feesLn 11c$18K$18K
Investment management feesLn 11f$55K$55K
Other fees for servicesLn 11g$75K$66K$9K
Advertising and promotionLn 12$33K$33K
Office expensesLn 13$43K$35K$7K$2K
Information technologyLn 14$4K$2K$1K$1K
OccupancyLn 16$25K$15K$8K$2K
Conferences, conventions and meetingsLn 19$29K$4K$5K$21K
Depreciation, depletion and amortizationLn 22$5K$5K
Other expenses (24a–d)Ln 24$25K$15K$3K$7K
All other expensesLn 24e$5K$5K
Total functional expensesLn 25$2.4M$2.2M$130K$80K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled with the IRS May 12, 2025 $17.7M$7.3M$10.4M$25.0M 990 PDF
FY2023Filed with the IRS Aug 7, 2024 $5.2M$5.5M−$337K$13.7M 990 PDF
FY2022Filed with the IRS Nov 2, 2023 $5.1M$2.5M$2.6M$13.2M 990 PDF
FY2021Filed with the IRS Sep 6, 2022 $3.6M$2.8M$758K$12.8M 990 PDF
FY2020 ViewingFiled with the IRS Sep 1, 2021 $2.5M$2.4M$41K$11.1M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support M · Noncash O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $2,489,733 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $3,041,940$2,022,778
I-9 Program service revenuePrior year $34,204$39,732
I-10 Investment incomePrior year $236,857$425,671
I-11 Other revenuePrior year −$16,328$1,552
I-12 Total revenuePrior year $3,296,673$2,489,733
I-13 Grants and similar amounts paidPrior year $963,526$1,892,606
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $208,858$239,668
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $169,423$316,157
I-18 Total expensesPrior year $1,341,807$2,448,431
I-19 Revenue less expensesPrior year $1,954,866$41,302
Part VI · Governance 24 of 24 board members independent, no flags
VI-1a Voting members of the governing body24
VI-1b Independent voting members24
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 $2,489,733 across 8 lines filed
VIII-1f All other contributions, gifts and grants$2,022,778
VIII-1g Noncash contributions (included above)$440,058
VIII-1h Total contributions, gifts and grants$2,022,778
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $39,732$39,732
VIII-3 Investment incomeExcluded from tax $211,286$211,286
VIII-7 Net gain or loss on sales of assetsExcluded from tax $214,385$214,385
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $1,552$1,552
VIII-12 Total revenueRelated to mission $39,732 · Unrelated business $0 · Excluded from tax $427,223$2,489,733
Part IX · Statement of functional expenses $2,448,431 across 16 lines filed
IX-1 Grants to domestic organizationsPrograms $1,892,606$1,892,606
IX-5 Pay of current officers, directors and key staffPrograms $73,150 · Management $20,900 · Fundraising $10,450$104,500
IX-7 Other salaries and wagesPrograms $61,252 · Management $47,604 · Fundraising $3,500$112,356
IX-9 Other employee benefitsPrograms $3,047 · Management $1,877 · Fundraising $260$5,184
IX-10 Payroll taxesPrograms $10,912 · Management $5,588 · Fundraising $1,128$17,628
IX-11c Accounting feesManagement $17,650$17,650
IX-11f Investment management feesPrograms $55,329$55,329
IX-11g Other fees for servicesPrograms $65,737 · Management $8,887$74,624
IX-12 Advertising and promotionFundraising $32,745$32,745
IX-13 Office expensesPrograms $34,547 · Management $6,714 · Fundraising $1,636$42,897
IX-14 Information technologyPrograms $2,032 · Management $1,016 · Fundraising $1,016$4,064
IX-16 OccupancyPrograms $15,194 · Management $7,781 · Fundraising $1,571$24,546
IX-19 Conferences, conventions and meetingsPrograms $3,686 · Management $4,728 · Fundraising $20,971$29,385
IX-22 Depreciation, depletion and amortizationManagement $5,221$5,221
IX-24 Other expenses (24a–d)Programs $15,117 · Management $2,530 · Fundraising $7,016$24,663
IX-24e All other expensesPrograms $5,033$5,033
IX-25 Total functional expensesPrograms $2,237,642 · Management $130,496 · Fundraising $80,293$2,448,431
Part X · Balance sheet $14,778,282 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $407,557$233,897
X-3 Pledges and grants receivableStart of year $145,250$105,250
X-4 Accounts receivableStart of year $57,067$5,700
X-9 Prepaid expenses and deferred chargesStart of year $4,000$2,500
X-11 Publicly traded securitiesStart of year $12,993,103$14,430,935
X-16 Total assetsStart of year $13,606,977$14,778,282
X-17 Accounts payable and accrued expensesStart of year $9,145$2,314
X-19 Deferred revenueStart of year $3,000$1,500
X-25 Other liabilitiesStart of year $2,969,887$3,661,514
X-26 Total liabilitiesStart of year $2,982,032$3,665,328
X-27 Net assets without donor restrictionsStart of year $9,754,281$10,259,192
X-28 Net assets with donor restrictionsStart of year $870,664$853,762
X-32 Total net assets or fund balancesStart of year $10,624,945$11,112,954
X-33 Total liabilities and net assetsStart of year $13,606,977$14,778,282
Part XI · Reconciliation of net assets $11,112,954 net assets at year end
XI-1 Total revenue$2,489,733
XI-2 Total expenses$2,448,431
XI-3 Revenue less expenses$41,302
XI-4 Net assets at start of year$10,624,945
XI-5 Net unrealized gains (losses) on investments$406,807
XI-9 Other changes in net assets$39,900
XI-10 Net assets at end of year$11,112,954

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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