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Edward Taylor Coombs Foundation FY2021 filing

Tax-deductible

Horsham, PA501(c)(3)Foundations & Grantmakers EIN 45-3364492Revenue $151K in FY2021

On file with the IRSecoombsfoundation.org731 Gregory Dr, 19044-1123 · Horsham, PATax-exempt since Mar 2012Publicly supported — 509(a)(2)

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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.
78¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · 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
78%
of spending
Looks good: 78% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
50 mo
of spending, in cash
Looks good: 50.0 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
10
of 10 voting members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$151K
Spent
$63K
To programs
78%
Net assets
$262K
By yearFY2021–FY2025
Revenue
$151K
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$151K
FY2022$131K
FY2023$157K
FY2024$90K
FY2025$61K
Expenses
$63K
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2021$63K
FY2022$82K
FY2023$95K
FY2024$137K
FY2025$104K
Net assets
$262K
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2021$262K
FY2022$310K
FY2023$373K
FY2024$325K
FY2025$282K

From the FY2021 Form 990 (year ending August 2021) · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

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

78 cents of each dollar spent went to programs.

Program services 78% · $49K Management & general 22% · $14K

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

10 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
Rob Gibbs
Director
$0Pt VII · Sec A
Marie Golson
Director
$0Pt VII · Sec A
Eric Hodges
Director
$0Pt VII · Sec A
Marcus Scott
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Eric Coombs
President
$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.

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Provided by the organization

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2 programs · $49K · in their own filed words · FY2020
01

During the current year; $28,729 in etc foundation scholarships were awarded. $15,000.00 marist college freshman lacrosse scholarship was awarded

$44Kprogram expense
02

One $750 contribution was made to frontiers internationalone $2,500 contribution was made to etc's 34 lacrosse teamone $200 contribution was made to comto 2020ONE $500 contribution was made to feed a frientone $149 contribution was made to adopt a familyone $100 contribution was made to christmas giftingone $500 contribution was made to…

$5Kprogram 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 · FY2024
Equitable Foundation INCFY2024$1K
Total grants receivedfrom 1 funder$1K
Grants paid · 14 grants · $216K · 2020–2024
Robert W Maxwell Memorial Football ClubPA · FY2024$10,000
Marist UniversityNY · FY2024$10,000
Marist UniversityNY · FY2023$35,000
Robert W Maxwell Memorial Football ClubPA · FY2023$11,416
Etc 34 S INCDE · FY2023$10,000
Unitemized GrantFY2023$8,490
Robert W Maxwell Memorial Football ClubPA · FY2022$10,000
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 FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$151K
Ln 12
Other incomeLn 4–11$80K
Gifts and grantsLn 1h$71K
Investment incomeLn 3$20
Money outPt IX
$63K
Ln 25
Programscol B$49K
Managementcol C$14K
Owns and owesPt X
$262K
net assets · Ln 32
Cash and savingsLn 1–2$262K
Total assetsLn 16$262K
LiabilitiesLn 26$0
PeoplePt VI, VII
10
listed · VII A
PaidVII A0
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$71K
Investment incomeLn 3$20
Other incomeLn 4–11$80K
Total revenueLn 12$151K
Assets in detailPt X, end of year
CashLn 1$236K
SavingsLn 2$26K
Cash and savings togetherLn 1–2$262K
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$262K
LiabilitiesLn 26$0
Net assetsLn 32$262K
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 FY21End FY21
Cash and savingsLn 1–2$171K$262K
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$174K$262K
LiabilitiesLn 26$0$0
Net assetsLn 32$174K$262K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$15K$15K
Grants to domestic individualsLn 2$34K$34K
Accounting feesLn 11c$8K$8K
Advertising and promotionLn 12$1K$1K
Office expensesLn 13$2K$2K
TravelLn 17$1K$1K
Conferences, conventions and meetingsLn 19$700$700
Depreciation, depletion and amortizationLn 22$848$848
Total functional expensesLn 25$63K$49K$14K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $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 Viewing $151K$63K$88K$262K 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 O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $151,086 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $65,733$70,800
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $55$20
I-11 Other revenuePrior year $24,095$80,266
I-12 Total revenuePrior year $89,883$151,086
I-13 Grants and similar amounts paidPrior year $49,343$48,962
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $6,972$13,858
I-18 Total expensesPrior year $56,315$62,820
I-19 Revenue less expensesPrior year $33,568$88,266
Part VI · Governance 10 of 10 board members independent, 4 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
VI-2 Family or business relationship among officers or directorsYes
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $151,086 across 5 lines filed
VIII-1f All other contributions, gifts and grants$70,800
VIII-1h Total contributions, gifts and grants$70,800
VIII-3 Investment incomeRelated to mission $20$20
VIII-8 Net income from fundraising eventsExcluded from tax $80,266$80,266
VIII-12 Total revenueRelated to mission $20 · Unrelated business $0 · Excluded from tax $80,266$151,086
Part IX · Statement of functional expenses $62,820 across 8 lines filed
IX-1 Grants to domestic organizationsPrograms $15,000$15,000
IX-2 Grants to domestic individualsPrograms $33,962$33,962
IX-11c Accounting feesManagement $8,130$8,130
IX-12 Advertising and promotionManagement $1,040$1,040
IX-13 Office expensesManagement $1,715$1,715
IX-17 TravelManagement $1,425$1,425
IX-19 Conferences, conventions and meetingsManagement $700$700
IX-22 Depreciation, depletion and amortizationManagement $848$848
IX-25 Total functional expensesPrograms $48,962 · Management $13,858 · Fundraising $0$62,820
Part X · Balance sheet $261,589 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $145,438$235,683
X-2 Savings and temporary cash investmentsStart of year $25,886$25,906
X-10c Land, buildings and equipment, netStart of year $0$0
X-15 Other assetsStart of year $0$0
X-16 Total assetsStart of year $173,502$261,589
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $173,502$261,589
X-32 Total net assets or fund balancesStart of year $173,502$261,589
X-33 Total liabilities and net assetsStart of year $173,502$261,589
Part XI · Reconciliation of net assets $261,589 net assets at year end
XI-1 Total revenue$151,086
XI-2 Total expenses$62,820
XI-3 Revenue less expenses$88,266
XI-4 Net assets at start of year$173,502
XI-8 Prior period adjustments−$179
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$261,589

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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