Civic Intelligence

Edward Taylor Coombs Foundation

990 • Fiscal year 2020 • EIN 45-3364492

Sep 01, 2019 to Aug 31, 2020 • Filed on Nov 15, 2020

731 Gregory DriveHorsham, PA 19044

(215) 896-4376

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

55th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

55th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

83rd percentile

37%

Higher net margin than 83% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

69th percentile

24%

Faster asset growth than 69% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

28th percentile

-40%

Faster revenue growth than 28% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Assets

Up

$173,502

Up $33,568 (+24%) from 2019

Net Assets

Up

$173,502

Up $33,568 (+24%) from 2019

Liabilities

Flat

$0

Flat from 2019

Revenue

Down

$89,883

Down $61,075 (-40%) from 2019

Expenses

Down

$56,315

Down $65,283 (-54%) from 2019

Net Income

Up

$33,568

Up $4,208 (+14%) from 2019

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$400K$300K$200K$100K$0Assets 2011: $55,895Liabilities 2011: $0Net Assets 2011: $55,8952011Assets 2012: $55,895Liabilities 2012: $0Net Assets 2012: $55,8952012Assets 2013: $101,242Liabilities 2013: $0Net Assets 2013: $101,2422013Assets 2014: $93,117Liabilities 2014: $0Net Assets 2014: $93,1172014Assets 2015: $133,002Liabilities 2015: $0Net Assets 2015: $133,0022015Assets 2016: $112,573Liabilities 2016: $0Net Assets 2016: $112,5732016Assets 2017: $83,676Liabilities 2017: $0Net Assets 2017: $83,6762017Assets 2018: $110,575Liabilities 2018: $0Net Assets 2018: $110,5752018Assets 2019: $139,934Liabilities 2019: $0Net Assets 2019: $139,9342019Assets 2020: $173,502Liabilities 2020: $0Net Assets 2020: $173,5022020Assets 2021: $261,589Liabilities 2021: $0Net Assets 2021: $261,5892021Assets 2022: $310,245Liabilities 2022: $0Net Assets 2022: $310,2452022Assets 2023: $372,651Liabilities 2023: $0Net Assets 2023: $372,6512023Assets 2024: $325,443Liabilities 2024: $0Net Assets 2024: $325,4432024Assets 2025: $282,117Liabilities 2025: $0Net Assets 2025: $282,1172025

Highlighted filing

2020

Assets$173,502
Liabilities$0
Net Assets$173,502

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$200K$100K$0-$100KRevenue 2011: $134,758Expenses 2011: $78,863Net Income 2011: $55,8952011Revenue 2012: $134,758Expenses 2012: $78,863Net Income 2012: $55,8952012Revenue 2013: $95,957Expenses 2013: $50,610Net Income 2013: $45,3472013Revenue 2014: $52,352Expenses 2014: $60,477Net Income 2014: -$8,1252014Revenue 2015: $91,339Expenses 2015: $51,457Net Income 2015: $39,8822015Revenue 2016: $74,840Expenses 2016: $87,544Net Income 2016: -$12,7042016Revenue 2017: $86,129Expenses 2017: $115,026Net Income 2017: -$28,8972017Revenue 2018: $142,763Expenses 2018: $115,864Net Income 2018: $26,8992018Revenue 2019: $150,958Expenses 2019: $121,598Net Income 2019: $29,3602019Revenue 2020: $89,883Expenses 2020: $56,315Net Income 2020: $33,5682020Revenue 2021: $151,086Expenses 2021: $62,820Net Income 2021: $88,2662021Revenue 2022: $130,797Expenses 2022: $82,141Net Income 2022: $48,6562022Revenue 2023: $156,958Expenses 2023: $94,553Net Income 2023: $62,4052023Revenue 2024: $90,071Expenses 2024: $137,231Net Income 2024: -$47,1602024Revenue 2025: $61,098Expenses 2025: $104,471Net Income 2025: -$43,3732025

Highlighted filing

2020

Revenue$89,883
Expenses$56,315
Net Income$33,568
Jump To
Filing Snapshot
Filing Period
Sep 1, 2019 to Aug 31, 2020
Signed
Nov 15, 2020
Return Version
2019v5.0
Gross Receipts
$100,901
Mission and Program Overview

Mission

Our mission is to give merit awards to graduating seniors who have recognized potential or academic strength; 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 and driving, the etc foundation hopes to be on the front line of teenage and young adult education and empowerment.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$113,562$145,438▲ $31,876
Savings and Temporary Cash Investments$25,831$25,886▲ $55
Prepaid Expenses and Deferred Charges-$2,000-
Accounts Receivable$178$178→ $0
Land, Buildings, and Equipment, Net$24--
Total Assets$139,934$173,502▲ $33,568
Other Assets Total$339--
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$139,934$173,502▲ $33,568
Total Net Assets Fund Balance$139,934$173,502▲ $33,568
Total Liabilities and Net Assets / Fund Balance$139,934$173,502▲ $33,568

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$3,963-$3,963
Equipment$-3,963$4,463$500
Compensation and Service Providers

Board Members and Trustees

NameTitle
Eric CoombsPresident
Eric HodgesDirector
Hassan CoombsDirector
Marcus ScottDirector
Marie GolsonDirector
Richard TaylorDirector
Rob GibbsDirector
William DonnellyDirector
Diane RigottiRecording Se
Erin CoombsVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$65,733
Program Service Revenue
$0
Investment Income
$55
Other Revenue
$24,095
All Other Contributions
$65,733
Change in Net Assets
$33,568
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$49,343
Other Expenses$6,972
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$39,500--$39,500
Grants to Domestic Orgs$9,843--$9,843
Fees for Services Accounting-$1,000-$1,000
All Other Expenses-$537-$537
Other Expenses-$424-$424
Depreciation Depletion-$24-$24
Total Functional Expenses$49,343$6,972$0$56,315
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$35,113
Fundraising Direct Expenses$11,018
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Fall Ball$24,117$24,117$9,312$14,805
Ec Rn Walk$8,705$8,705$175$8,530
Total Events$32,822$32,822$9,487$23,335
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 2

Eric coombs erin coombs president vice pres father and daughter eric coombs hassan coombs president board member step brothers

Form 990, Page 6, Part VI, Line 11B

Copy of 990 is circulated buy e-mail to members of the board for review and comment. Board members are to e-mail the president with comments. The president will discuss any comments with the outside accountant and report back to the board the results of the conversations with the outside accountant.

Form 990, Page 6, Part VI, Line 12C

No actions were required in the past year.

Form 990, Page 6, Part VI, Line 19

Upon request the public may visit the foundation office and view the governing documents

Filing and Contact Details

Filer

Filer Name
Edward Taylor Coombs Foundation
EIN
45-3364492
Phone
2158964376
Address
731 GREGORY DRIVE, HORSHAM, PA 19044

Signing Officer

Name
Eric Coombs
Title
President
Phone
2158964376
Signed
2020-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Eric Coombs
Formed
2011
Legal Domicile
Pa
Voting Board Members
10
Independent Board Members
10
Employees
0

Preparer

Firm
John T Durkin & Co
Address
263 S YORK RD, HATBORO, PA 19040-3429
Preparer
John T Durkin Jr
Phone
2154437100
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Our mission is to give merit awards to graduating seniors who have recognized potential or academic strength; 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 and driving, the etc foundation hopes to be on the front line of teenage and young adult education and empowerment.

Form 990, Part XI, Line 9

ROUNDING 0

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0OUR MISSION IS TO GIVE MERIT AWARDS TO GRADUATING SENIORS WHO HAVE RECOGNIZED POTENTIAL OR ACADEMIC STRENGTH; 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 AND DRIVING, THE ETC FOUNDATION HOPES TO BE ON THE FRONT LINE OF TEENAGE AND YOUNG ADULT EDUCATION AND EMPOWERMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ERIC COOMBS ERIN COOMBS PRESIDENT VICE PRES FATHER AND DAUGHTER ERIC COOMBS HASSAN COOMBS PRESIDENT BOARD MEMBER STEP BROTHERS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2COPY OF 990 IS CIRCULATED BUY E-MAIL TO MEMBERS OF THE BOARD FOR REVIEW AND COMMENT. BOARD MEMBERS ARE TO E-MAIL THE PRESIDENT WITH COMMENTS. THE PRESIDENT WILL DISCUSS ANY COMMENTS WITH THE OUTSIDE ACCOUNTANT AND REPORT BACK TO THE BOARD THE RESULTS OF THE CONVERSATIONS WITH THE OUTSIDE ACCOUNTANT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3NO ACTIONS WERE REQUIRED IN THE PAST YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4UPON REQUEST THE PUBLIC MAY VISIT THE FOUNDATION OFFICE AND VIEW THE GOVERNING DOCUMENTS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ROUNDING 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
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ReturnHeader/BusinessOfficerGrp/SignatureDt02020-11-15
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ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt071.175.81.3
ReturnHeader/FilingSecurityInformation/IPDt02020-12-17
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CS
ReturnHeader/FilingSecurityInformation/IPTm014:11:00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0232542436
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0JOHN T DURKIN & CO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0263 S YORK RD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0HATBORO
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ReturnHeader/PreparerPersonGrp/PhoneNum02154437100
ReturnHeader/PreparerPersonGrp/PreparationDt02020-12-03
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JOHN T DURKIN JR
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ReturnHeader/ReturnTs02020-12-17T14:11:00-06:00
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ReturnHeader/TaxPeriodBeginDt02019-09-01
ReturnHeader/TaxPeriodEndDt02020-08-31
ReturnHeader/TaxYr02019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$2.82$0.00$2.82$0.61$1.04$0.43
2024Detailed filing. Detailed filing data is available for this year.$3.25$0.00$3.25$0.90$1.37$0.47
2023Detailed filing. Detailed filing data is available for this year.$3.73$0.00$3.73$1.57$0.95$0.62
2022Detailed filing. Detailed filing data is available for this year.$3.10$0.00$3.10$1.31$0.82$0.49
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.62$0.00$2.62$1.51$0.63$0.88
2020Detailed filing. Detailed filing data is available for this year.$1.74$0.00$1.74$0.90$0.56$0.34
2019Detailed filing. Detailed filing data is available for this year.$1.40$0.00$1.40$1.51$1.22$0.29
2018Detailed filing. Detailed filing data is available for this year.$1.11$0.00$1.11$1.43$1.16$0.27
2017Detailed filing. Detailed filing data is available for this year.$0.84$0.00$0.84$0.86$1.15$0.29
2016Detailed filing. Detailed filing data is available for this year.$1.13$0.00$1.13$0.75$0.88$0.13
2015Detailed filing. Detailed filing data is available for this year.$1.33$0.00$1.33$0.91$0.51$0.40
2014Detailed filing. Detailed filing data is available for this year.$0.93$0.00$0.93$0.52$0.60$0.08
2013Summary only. Only limited summary data is available for this year.$1.01$0.00$1.01$0.96$0.51$0.45
2012Summary only. Only limited summary data is available for this year.$0.56$0.00$0.56$1.35$0.79$0.56
2011Summary only. Only limited summary data is available for this year.$0.56$0.00$0.56$1.35$0.79$0.56