Edward Taylor Coombs Foundation

Tax-deductible

Horsham, PA501(c)(3)Foundations & GrantmakersEIN 45-3364492

Our mission is to give merit awards to graduating seniors who have recognized potential or academic strenght; they have a desire to participate in and benefit from further education and/or training and have shown both maturity and responsibility. The ETC Foundation was established with the intent of providing outstanding scholar/athletes financial assistance to pursue their higher education goals, so that they can reach their full potential. The scholarships will support visionary leaders of tomorrow who display exceptional promise today. A second goal of the Foundation is to work with high school students around the issues of "responsible decision making" through seminars, forums, videos and other education programs. Whether we are discussing safe and healthy peer relationships, appropriate usage of "social media", as well as the consequences of drinking an driving, the ETC Foundation hopes to be on the front line of teenage and youg adult education and empowerment.

501(c)(3) charity; gifts are tax-deductible.
86¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2025 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $22K a year · 18% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
86%
of spending
Looks good: 86% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
34 mo
of spending, in cash
Looks good: 34.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $1K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$61K
-32% vs prior year
Spent
$104K
To programs
86%
Net assets
$282K
By yearFY2021–FY2025
Revenue
$61K
FY2025▼ -32%
Revenue by fiscal year
FY2021$151K
FY2022$131K
FY2023$157K
FY2024$90K
FY2025$61K
Expenses
$104K
FY2025▼ -24%
Expenses by fiscal year
FY2021$63K
FY2022$82K
FY2023$95K
FY2024$137K
FY2025$104K
Net assets
$282K
FY2025▼ -13%
Net assets by fiscal year
FY2021$262K
FY2022$310K
FY2023$373K
FY2024$325K
FY2025$282K

From the FY2025 Form 990 (year ending August 2025) · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 2012.

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

Where the money goes

86 cents of each dollar spent went to programs.

Program services 86% · $89K Management & general 9% · $10K Fundraising 5% · $5K

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

Who runs it and what they're paid

11 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Recording Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Edward Taylor Coombs Foundation 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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Awards scholarships to promising seniors pursuing higher education and training.

Provided by the organization

This section is blank until Edward Taylor Coombs Foundation claims this page.

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3 program services account for $89K of program spending, described in the organization's own filed words · FY2024.
01

During the current year; $55500. In etc foundation scholarships were awarded. $10,000 marist college freshman lacrosse scholarship was awarded.

$71Kprogram expense
02

One $10,000 educational contribution to maxwell 2024 leadership conf one $3,000 community shopping sponsor to philadelphia frontiers intl one $1,000 sponsor to aim academy one $933 for youth cinch bags one $48 for blue devils fundraiser one $2,500 for health and education to twin sister docs

$17Kprogram expense
03

One $750 cure AP4 one $343 upper dublin music program

$1Kprogram expense

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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 · FY2024
Total grants receivedfrom 1 funder$1K
Grants paid · 14 grants · $216K · 2020–2024
Marist UniversityNY · FY2024$10,000
Marist UniversityNY · FY2023$35,000
Etc 34 S INCDE · FY2023$10,000
Unitemized GrantFY2023$8,490
Marist UniversityNY · FY2022$10,000
Unitemized GrantFY2021$27,000
Unitemized GrantFY2021$20,400
Marist CollegeFY2021$15,000
Unitemized GrantFY2020$28,729
Marist CollegeFY2020$15,000
Unitemized GrantFY2020$5,185

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$61K
Ln 12
Other incomeLn 4–11$28K
Gifts and grantsLn 1h$24K
Investment incomeLn 3$10K
Money outPt IX
$104K
Ln 25
Programscol B$89K
Managementcol C$10K
Fundraisingcol D$5K
Owns and owesPt X
$282K
net assets · Ln 32
Cash and savingsLn 1–2$298K
Total assetsLn 16$282K
LiabilitiesLn 26$0
PeoplePt VI, VII
11
listed · VII A
PaidVII A0
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$24K
Investment incomeLn 3$10K
Other incomeLn 4–11$28K
Total revenueLn 12$61K
Assets in detailPt X, end of year
CashLn 1$20K
SavingsLn 2$278K
Cash and savings togetherLn 1–2$298K
Land, buildings, equipmentLn 10c$0
Other assetsLn 15−$16K
Total assetsLn 16$282K
LiabilitiesLn 26$0
Net assetsLn 32$282K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderAugust
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$340K$298K
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$325K$282K
LiabilitiesLn 26$0$0
Net assetsLn 32$325K$282K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$19K$19K
Grants to domestic individualsLn 2$66K$66K
Pay of current officers, directors and key staffLn 5$11K$4K$4K$4K
Accounting feesLn 11c$4K$0$4K$0
Advertising and promotionLn 12$225$113$0$112
Office expensesLn 13$2K$643$643$642
Information technologyLn 14$1K$648$0$648
TravelLn 17$515$0$515$0
Other expenses (24a–d)Ln 24$737$196$345$196
Total functional expensesLn 25$104K$89K$10K$5K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $61K$104K−$43K$282K 990 PDF
FY2024 $90K$137K−$47K$325K 990 PDF
FY2023 $157K$95K$62K$373K 990 PDF
FY2022 $131K$82K$49K$310K 990 PDF
FY2021 $151K$63K$88K$262K 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 FY2025 990 (4 parts)
Part VIII · Statement of revenue $61,098 across 5 lines filed
VIII-1f All other contributions, gifts and grants$23,577
VIII-1h Total contributions, gifts and grants$23,577
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $9,857$9,857
VIII-8 Net income from fundraising eventsUnrelated business $0 · Excluded from tax $27,664$27,664
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $37,521$61,098
Part IX · Statement of functional expenses $104,471 across 9 lines filed
IX-1 Grants to domestic organizationsPrograms $18,574$18,574
IX-2 Grants to domestic individualsPrograms $65,500$65,500
IX-5 Pay of current officers, directors and key staffPrograms $3,810 · Management $3,810 · Fundraising $3,810$11,430
IX-11c Accounting feesPrograms $0 · Management $4,266 · Fundraising $0$4,266
IX-12 Advertising and promotionPrograms $113 · Management $0 · Fundraising $112$225
IX-13 Office expensesPrograms $643 · Management $643 · Fundraising $642$1,928
IX-14 Information technologyPrograms $648 · Management $0 · Fundraising $648$1,296
IX-17 TravelPrograms $0 · Management $515 · Fundraising $0$515
IX-24 Other expenses (24a–d)Programs $196 · Management $345 · Fundraising $196$737
IX-25 Total functional expensesPrograms $89,484 · Management $9,579 · Fundraising $5,408$104,471
Part X · Balance sheet $282,117 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $51,687$20,456
X-2 Savings and temporary cash investmentsStart of year $288,256$277,613
X-4 Accounts receivable$48
X-10c Land, buildings and equipment, netStart of year $0$0
X-15 Other assetsStart of year −$14,500−$16,000
X-16 Total assetsStart of year $325,443$282,117
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $325,443$282,117
X-32 Total net assets or fund balancesStart of year $325,443$282,117
X-33 Total liabilities and net assetsStart of year $325,443$282,117
Part XI · Reconciliation of net assets $282,117 net assets at year end
XI-1 Total revenue$61,098
XI-2 Total expenses$104,471
XI-3 Revenue less expenses−$43,373
XI-4 Net assets at start of year$325,443
XI-8 Prior period adjustments$47
XI-10 Net assets at end of year$282,117

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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