Cobbworks INC

Tax-deductible

Marietta, GA501(c)(3)Since 2001EmploymentEIN 58-2635833

To promote employment and education opportunities that strengthen the workforce and economic development in our community.

501(c)(3) charity; gifts are tax-deductible.
95¢ of each $1 spent went to programs.
Run by 23 volunteers and 29 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
2 of 4
filings with a surplus
Average surplus $17K a year · under 1% of revenue · last 4 filings
Worth a look: a surplus in 2 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
95%
of spending
Looks good: 95% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$162K
to officers and key staff · 2% of spending
Top officer’s pay higher than 71% of similar orgs
Looks good: pay to officers and key staff is 2% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
1 mo
of spending, in cash
Fine: 1.1 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $138K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$2.3M
96% of total assets
Concern: liabilities are 96% of assets; over 80%.
Pt X · Ln 26
Independent board members
18
of 18 voting members
Looks good: 18 of 18 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$6.8M
+37% vs prior year
Spent
$7.1M
To programs
95%
Net assets
$96K
By yearFY2021–FY2024
Revenue
$6.8M
FY2024▲ +37%
Revenue by fiscal year
FY2021$6.0M
FY2022$5.2M
FY2023$4.8M
FY2024$5.0M
FY2024$6.8M
Expenses
$7.1M
FY2024▲ +41%
Expenses by fiscal year
FY2021$6.1M
FY2022$5.1M
FY2023$4.7M
FY2024$5.0M
FY2024$7.1M
Net assets
$96K
FY2024▼ -75%
Net assets by fiscal year
FY2021$253K
FY2022$364K
FY2023$427K
FY2024$384K
FY2024$96K

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 Feb 2007.

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

Where the money goes

95 cents of each dollar spent went to programs.

Program services 95% · $6.7M Management & general 5% · $355K

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

Who runs it and what they're paid

24 people listed on the 990; $162K paid to officers and key staff.

Part VII, Section A · reportable compensation
President/CEO
$161,809Pt VII · Sec A
Youth Chair
$0Pt VII · Sec A
Finance Chair
$0Pt VII · Sec A
Literacy Chair
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Sonya Grant’s $162K as President/CEO is at the 71st percentile of top reported officer pay among 1245 $1–10M employment 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 · 3 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021
Sonya Grant$161,809————
Sonya Grant—$160,000$143,063$117,230$129,197
Sara Dimond————$48,838

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 Cobbworks 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

Connects job seekers and businesses to boost local employment and economic growth.

Provided by the organization

This section is blank until Cobbworks INC claims this page.

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3 program services account for $5.4M of program spending, described in the organization's own filed words · FY2024.
01

Worksource

See SCH o for complete description.

$2.0Mprogram expense
02

Youth Programs

See SCH o for complete description.

$1.9Mprogram expense
03

Adult Program

See SCH o for complete description

$1.5Mprogram 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 3 funders$138K
See all 3 funders →
Grants paid · 16 grants · $11.7M · 2020–2024
Unitemized GrantFY2024$2,435,967
Unitemized GrantFY2023$1,943,979
Unitemized GrantFY2022$1,680,602
Unitemized GrantFY2021$2,416,566
Cumberland Medical InstituteFY2021$23,481
Chattahoochee Technical CollegeFY2021$11,423
Unitemized GrantFY2020$2,249,387
Goodwill of North Georgia INCGA · FY2020$355,641
Marietta Board of EducationFY2020$147,839
Chattahoochee Technical CollegeFY2020$65,322
Per Scholas INCNY · FY2020$23,886

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$6.8M
Ln 12
Gifts and grantsLn 1h$6.8M
Investment incomeLn 3$1K
Money outPt IX
$7.1M
Ln 25
Programscol B$6.7M
Managementcol C$355K
Owns and owesPt X
$96K
net assets · Ln 32
Cash and savingsLn 1–2$623K
Total assetsLn 16$2.4M
LiabilitiesLn 26$2.3M
PeoplePt VI, VII
24
listed · VII A
PaidVII A1
Voting boardVI 1a18
IndependentVI 1b18
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$6.8M
Government grantsLn 1e$6.3M
Fundraising eventsLn 1c$25K
Investment incomeLn 3$1K
Total revenueLn 12$6.8M
Assets in detailPt X, end of year
CashLn 1$454K
SavingsLn 2$169K
Cash and savings togetherLn 1–2$623K
Land, buildings, equipmentLn 10c$52K
Other assetsLn 15$0
Total assetsLn 16$2.4M
LiabilitiesLn 26$2.3M
Net assetsLn 32$96K
OperationsPt I, VI
EmployeesI 529
VolunteersI 623
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$507K$623K
Land, buildings, equipmentLn 10c$2.9M$52K
Total assetsLn 16$4.5M$2.4M
LiabilitiesLn 26$4.1M$2.3M
Net assetsLn 32$384K$96K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$2.4M$2.4M
Benefits paid to or for membersLn 4$0$0
Pay of current officers, directors and key staffLn 5$180K$54K$126K
Other salaries and wagesLn 7$1.4M$1.3M$139K
Pension plan contributionsLn 8$76K$68K$8K
Other employee benefitsLn 9$185K$162K$24K
Payroll taxesLn 10$152K$141K$12K
Legal feesLn 11b$24K$24K
Accounting feesLn 11c$11K$11K
Other fees for servicesLn 11g$2.2M$2.2M$2K$0
Advertising and promotionLn 12$5K$5K$41
Office expensesLn 13$75K$71K$5K
Information technologyLn 14$29K$26K$2K
OccupancyLn 16$95K$80K$15K
TravelLn 17$40K$40K$326
Conferences, conventions and meetingsLn 19$40K$33K$7K
InterestLn 20$9K$9K
Depreciation, depletion and amortizationLn 22$9K$9K
InsuranceLn 23$84K$82K$2K
Other expenses (24a–d)Ln 24$18K$16K$2K
All other expensesLn 24e$0$0$0$0
Total functional expensesLn 25$7.1M$6.7M$355K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $5.0M$5.0M−$43K$384K 990 PDF
FY2023 $4.8M$4.7M$63K$427K 990 PDF
FY2022 $5.2M$5.1M$111K$364K 990 PDF
FY2021 $6.0M$6.1M−$63K$253K 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 (4 parts)
Part VIII · Statement of revenue $6,805,663 across 8 lines filed
Lines not itemized here account for $108 of total revenue; see the IRS return.
VIII-1c Fundraising events$25,301
VIII-1e Government grants$6,314,637
VIII-1f All other contributions, gifts and grants$484,833
VIII-1h Total contributions, gifts and grants$6,824,771
VIII-3 Investment incomeExcluded from tax $1,421$1,421
VIII-6 Net rental income or lossExcluded from tax −$9,810−$9,810
VIII-8 Net income from fundraising eventsExcluded from tax −$10,827−$10,827
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax −$19,108$6,805,663
Part IX · Statement of functional expenses $7,094,175 across 21 lines filed
IX-2 Grants to domestic individualsPrograms $2,435,967$2,435,967
IX-4 Benefits paid to or for membersPrograms $0$0
IX-5 Pay of current officers, directors and key staffPrograms $53,941 · Management $125,863$179,804
IX-7 Other salaries and wagesPrograms $1,283,817 · Management $139,036$1,422,853
IX-8 Pension plan contributionsPrograms $67,840 · Management $7,710$75,550
IX-9 Other employee benefitsPrograms $161,526 · Management $23,937$185,463
IX-10 Payroll taxesPrograms $140,688 · Management $11,536$152,224
IX-11b Legal feesPrograms $24,481$24,481
IX-11c Accounting feesManagement $11,125$11,125
IX-11g Other fees for servicesPrograms $2,200,007 · Management $2,498 · Fundraising $0$2,202,505
IX-12 Advertising and promotionPrograms $4,932 · Management $41$4,973
IX-13 Office expensesPrograms $70,764 · Management $4,614$75,378
IX-14 Information technologyPrograms $26,167 · Management $2,484$28,651
IX-16 OccupancyPrograms $80,239 · Management $15,066$95,305
IX-17 TravelPrograms $39,787 · Management $326$40,113
IX-19 Conferences, conventions and meetingsPrograms $33,252 · Management $6,513$39,765
IX-20 InterestPrograms $8,993$8,993
IX-22 Depreciation, depletion and amortizationPrograms $9,426$9,426
IX-23 InsurancePrograms $82,140 · Management $1,891$84,031
IX-24 Other expenses (24a–d)Programs $15,671 · Management $1,897$17,568
IX-24e All other expensesPrograms $0 · Management $0 · Fundraising $0$0
IX-25 Total functional expensesPrograms $6,739,638 · Management $354,537 · Fundraising $0$7,094,175
Part X · Balance sheet $2,427,603 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $340,185$453,732
X-2 Savings and temporary cash investmentsStart of year $166,857$168,880
X-3 Pledges and grants receivableStart of year $570,553$257,873
X-4 Accounts receivableStart of year $480,294$1,489,682
X-8 Inventories for sale or useStart of year $11,406$5,462
X-9 Prepaid expenses and deferred chargesStart of year $20,840$0
X-10c Land, buildings and equipment, netStart of year $2,937,093$51,974
X-15 Other assetsStart of year $0$0
X-16 Total assetsStart of year $4,527,228$2,427,603
X-17 Accounts payable and accrued expensesStart of year $2,696,653$276,244
X-18 Grants payableStart of year $1,446,254$1,555,550
X-25 Other liabilitiesStart of year $0$0
X-26 Total liabilitiesStart of year $4,142,907$2,331,794
X-27 Net assets without donor restrictionsStart of year $384,321$95,809
X-32 Total net assets or fund balancesStart of year $384,321$95,809
X-33 Total liabilities and net assetsStart of year $4,527,228$2,427,603
Part XI · Reconciliation of net assets $95,809 net assets at year end
XI-1 Total revenue$6,805,663
XI-2 Total expenses$7,094,175
XI-3 Revenue less expenses−$288,512
XI-4 Net assets at start of year$384,321
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$95,809

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

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