Civic Intelligence

Cobb Emc Community Foundation Inc.

990 • Fiscal year 2020 • EIN 46-3645573

Jan 01, 2020 to Dec 31, 2020 • Filed on Jun 18, 2021

1000 Emc ParkwayMarietta, GA 30060

(770) 429-2100

Siviq Scores

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

Liabilities / Assets

27th percentile

0.00x

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

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

27th percentile

0.00x

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

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Net Margin

38th percentile

0.2%

Higher net margin than 38% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

51st percentile

$0

Higher top officer pay than 51% of similar nonprofits.

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

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Asset Growth

36th percentile

0.8%

Faster asset growth than 36% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Revenue Growth

53rd percentile

1.0%

Faster revenue growth than 53% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Assets

Up

$234,655

Up $1,833 (+0.8%) from 2019

Net Assets

Up

$234,655

Up $1,833 (+0.8%) from 2019

Liabilities

Flat

$0

Flat from 2019

Revenue

Up

$972,001

Up $9,909 (+1.0%) from 2019

Expenses

Down

$970,166

Down $12,725 (-1.3%) from 2019

Net Income

Up

$1,835

Up $22,634 (+109%) 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 2014: $303,699Liabilities 2014: $0Net Assets 2014: $303,6992014Assets 2015: $295,278Liabilities 2015: $0Net Assets 2015: $295,2782015Assets 2016: $258,356Liabilities 2016: $0Net Assets 2016: $258,3562016Assets 2017: $238,032Liabilities 2017: $0Net Assets 2017: $238,0322017Assets 2018: $253,621Liabilities 2018: $0Net Assets 2018: $253,6212018Assets 2019: $232,822Liabilities 2019: $0Net Assets 2019: $232,8222019Assets 2020: $234,655Liabilities 2020: $0Net Assets 2020: $234,6552020Assets 2021: $240,792Liabilities 2021: $0Net Assets 2021: $240,7922021Assets 2022: $244,271Liabilities 2022: $0Net Assets 2022: $244,2712022Assets 2023: $247,863Liabilities 2023: $0Net Assets 2023: $247,8632023Assets 2024: $337,600Liabilities 2024: $0Net Assets 2024: $337,6002024

Highlighted filing

2020

Assets$234,655
Liabilities$0
Net Assets$234,655

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2014: $807,927Expenses 2014: $539,550Net Income 2014: $268,3772014Revenue 2015: $915,359Expenses 2015: $923,780Net Income 2015: -$8,4212015Revenue 2016: $928,164Expenses 2016: $965,086Net Income 2016: -$36,9222016Revenue 2017: $943,292Expenses 2017: $963,616Net Income 2017: -$20,3242017Revenue 2018: $955,374Expenses 2018: $939,785Net Income 2018: $15,5892018Revenue 2019: $962,092Expenses 2019: $982,891Net Income 2019: -$20,7992019Revenue 2020: $972,001Expenses 2020: $970,166Net Income 2020: $1,8352020Revenue 2021: $995,187Expenses 2021: $989,050Net Income 2021: $6,1372021Revenue 2022: $1,018,299Expenses 2022: $1,014,820Net Income 2022: $3,4792022Revenue 2023: $1,032,407Expenses 2023: $1,028,815Net Income 2023: $3,5922023Revenue 2024: $1,057,835Expenses 2024: $968,098Net Income 2024: $89,7372024

Highlighted filing

2020

Revenue$972,001
Expenses$970,166
Net Income$1,835
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Jun 18, 2021
Return Version
2020v4.0
Gross Receipts
$972,001
Mission and Program Overview

Mission

The purpose of the foundation will be to accept and disburse funds for charitable purposes in the service area of cobb electric membership corporation (cobb emc). Upon dissolution of the foundation, any remaining funds will be distributed only for charitable purposes.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$152,564$152,842▲ $278
Accounts Receivable$80,156$81,643▲ $1,487
Cash and Non-Interest-Bearing Accounts$100$170▲ $70
Total Assets$232,820$234,655▲ $1,835
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$232,820$234,655▲ $1,835
Total Net Assets Fund Balance$232,820$234,655▲ $1,835
Total Liabilities and Net Assets / Fund Balance$232,820$234,655▲ $1,835
Compensation and Service Providers

Board Members and Trustees

NameTitle
Vickie TardifChairman
Diane ParkerVice-chair
John H UmphlettDirector
Marlon LongacreDirector
Mike ReckordDirector
Philip HaydenDirector
Ray YeagerDirector
Cathy LaneSecretary
Harry AbramsTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$971,583
Program Service Revenue
$0
Investment Income
$418
Other Revenue
$0
All Other Contributions
$971,583
Change in Net Assets
$1,835

Audited Revenue Reconciliation

Revenue per Audited Statements
$972,001
Revenue Not Reported on Form 990
$41,289
Total Revenue per Audited Statements
$1,013,290
Total Revenue per Form 990
$972,001
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$970,106
Other Expenses$60
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$891,606--$891,606
Grants to Domestic Individuals$78,500--$78,500
Other Expenses$60--$60
Total Functional Expenses$970,166$0$0$970,166

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,011,455
Expenses per Audited Statements$970,166
Total Expenses per Form 990$970,166
Expenses Not Reported on Form 990$41,289
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Cobb Co Public Schools FoundationMarietta, GA501c3Community Assistance$25,000
Communities in Schools of MariettaMarietta, GA501c3Community Assistance$25,000
Davis Direction Foundation IncMarietta, GA501c3Community Assistance$25,000
Nobis WorksMarietta, GA501c3Community Assistance$25,000
Sweetwater Mission IncAustell, GA501c3Community Assistance$25,000
The Center for Children & Young AduMarietta, GA501c3Community Assistance$25,000
Positive American Youth IncAustell, GA501c3Community Assistance$24,100
Must MinistriesMarietta, GA501c3Community Assistance$24,000
Goshen Valley FoundationCanton, GA501c3Community Assistance$23,700
Bethany Place IncCanton, GA501c3Community Assistance$21,800
The Center for Family ResourcesMarietta, GA501c3Community Assistance$20,100
Emmys Academy IncRoswell, GA501c3Community Assistance$19,400
Ser Familia IncAcworth, GA501c3Community Assistance$16,800
Cherokee County Educational FoundatCanton, GA501c3Community Assistance$16,008
Papas Pantry IncWoodstock, GA501c3Community Assistance$15,000
SAFEPATH CHILDREN'S ADV CTR INCMarietta, GA501c3Community Assistance$13,400
Livesafe Resources IncMarietta, GA501c3Community Assistance$12,900
Essential 2 Life IncAtlanta, GA501c3Community Assistance$12,500
Beyond Limits Therapeutic RidingEmerson, GA501c3Community Assistance$12,400
Kennesaw Musuem Foundation IncKennesaw, GA501c3Community Assistance$11,500
Foster 4 Love IncKennesaw, GA501c3Community Assistance$11,100
Cobb County Fop Charities IncMarietta, GA501c3Community Assistance$11,000
Right in the Community IncAtlanta, GA501c3Community Assistance$11,000
Hopedealers Worldwide IncCanton, GA501c3Community Assistance$10,900
Georgia Transplant FoundationRoswell, GA501c3Community Assistance$10,480
Emory University HealthcareAtlanta, GA501c3Community Assistance$10,000
Good Samaritan Health Ctr of CobbMarietta, GA501c3Community Assistance$10,000
Marietta Police Ath League IncMarietta, GA501c3Community Assistance$10,000
Salvation Scarves IncAcworth, GA501c3Community Assistance$9,700
Young Mens Christian AssociationCanton, GA501c3Community Assistance$9,600
Family Life Restoration CenterMableton, GA501c3Community Assistance$9,200
Foster Care Support FoundationRoswell, GA501c3Community Assistance$9,100
Autism Speaks IncAtlanta, GA501c3Community Assistance$8,800
Kids CubedMarietta, GA501c3Community Assistance$8,200
Cobb Community Foundation IncMarietta, GA501c3Community Assistance$8,000
Youth Empowerment Through Lls IncAtlanta, GA501c3Community Assistance$8,000
Vision Rhabilitation Services of GaSmyrna, GA501c3Community Assistance$7,000
Adult Disability Medical Home IncAtlanta, GA501c3Community Assistance$6,800
Devereux FoundationKennesaw, GA501c3Community Assistance$6,500
Revved Up Kids IncPeachtree Corners, GA501c3Community Assistance$6,300
Town Center Community Alliance IncKennesaw, GA501c3Community Assistance$6,300
Four Corners Group IncSnellville, GA501c3Community Assistance$6,200
Reflections of Trinity IncPowder Springs, GA501c3Community Assistance$6,100
Blue Thanksgiving IncMarietta, GA501c3Community Assistance$6,000
Life Learning Community CenterMarietta, GA501c3Community Assistance$6,000
Smith Gilbert Arboretum FoundationKennesaw, GA501c3Community Assistance$6,000
Skye Precious Kids IncAtlanta, GA501c3Community Assistance$5,700
10 Women of Hope IncMarietta, GA501c3Community Assistance$5,600
Families of Children Under StressAtlanta, GA501c3Community Assistance$5,600
Celebrate Life International IncKennesaw, GA501c3Community Assistance$5,500
Destiny DaughtersKennesaw, GA501c3Community Assistance$5,500
Truth in Nature IncDouglasville, GA501c3Community Assistance$5,100
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
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
Audit committee
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, Part VI

The foundation receives in-kind donations of labor and related expenses from cobb electric membership corporation (cobb emc), an affiliate of the foundation. Contributed services totaled 41,289 and 45,963 for the years ended december 31, 2020 and 2019, respectively. Since cobb electric employees provide all of the foundation's accounting and administrative functions, the foundation has not adopted whistleblower or document destruction and retention policies. Employees that provide services to the foundation follow those policies as adopted by the cobb emc board of directors.

Form 990, Page 6, Part VI, Line 7A

Bylaws article vi - selection of foundation board each member of the cobb emc board shall appoint a foundation director to the foundation board. Thereafter, when vacancies on the foundation board require filling or when individual foundation directors' terms expire, the cobb emc director who appointed such member shall fill such vacancy. The existing foundation board may make recommendations to the cobb emc board for nominees to the foundation board.

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

Form 990 is reviewed by the board with all supporting documentation made available to them.

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

The foundation regularly and consistently monitors and enforces compliance with its conflict of interest requirements as prescribed by article xvii of its bylaws and its conflict of interest policy, both of which are included as a part of this return.

Form 990, Page 6, Part VI, Line 19

The foundation makes its bylaws and financial statements available to the public as part of its form 990. The form 990 is available upon request as reflected in part vi section c line 18.

Filing and Contact Details

Filer

Filer Name
Cobb Emc Community Foundation Inc
EIN
46-3645573
Phone
7704292100
Address
1000 EMC PARKWAY, MARIETTA, GA 30060

Signing Officer

Name
Brett Stovern
Title
CFO - Cobb Emc
Phone
7704292100
Signed
2021-06-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Vickie Tardif
Formed
2011
Legal Domicile
Ga
Voting Board Members
9
Independent Board Members
9
Employees
0

Preparer

Firm
Mcnair Mclemore Middlebrooks & Co LLC
Address
POST OFFICE BOX ONE, MACON, GA 31202-0001
Preparer
William R Rountree
Phone
4787466277
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The purpose of the foundation will be to accept and disburse funds for charitable purposes in the service area of cobb electric membership corporation (cobb emc). Upon dissolution of the foundation, any remaining funds will be distributed only for charitable purposes.

Form 990

Website: https://www.cobbemc.com/content/cobb-emc-community-foundation

Form 990, Part XII

Any director listed as "director-former" retired from the board during the year and was not a part of the governing body as of december 31st.

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