Civic Intelligence

Cobb Emc Community Foundation Inc.

990 • Fiscal year 2023 • EIN 46-3645573

Jan 01, 2023 to Dec 31, 2023 • Filed on May 14, 2024

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

17th percentile

0.00x

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

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

17th percentile

0.00x

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

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

41st percentile

0.3%

Higher net margin than 41% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

40th percentile

$2,750

Higher top officer pay than 40% of similar nonprofits.

Top officer pay equals 0.3% of source-year revenue.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

41st percentile

1.5%

Faster asset growth than 41% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

40th percentile

1.4%

Faster revenue growth than 40% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Assets

Up

$247,863

Up $3,592 (+1.5%) from 2022

Net Assets

Up

$247,863

Up $3,592 (+1.5%) from 2022

Liabilities

Flat

$0

Flat from 2022

Revenue

Up

$1,032,407

Up $14,108 (+1.4%) from 2022

Expenses

Up

$1,028,815

Up $13,995 (+1.4%) from 2022

Net Income

Up

$3,592

Up $113 (+3.2%) from 2022

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

2023

Assets$247,863
Liabilities$0
Net Assets$247,863

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

2023

Revenue$1,032,407
Expenses$1,028,815
Net Income$3,592
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
May 14, 2024
Return Version
2023v5.0
Gross Receipts
$1,032,407
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.

To carefully assess the financial requests of charitable organizations, and to apply our collective wisdom to the allocation of available funds for the broadest benefit of the community and the members we serve.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$100$164,212▲ $164,112
Savings and Temporary Cash Investments$161,357--
Accounts Receivable$82,814$83,651▲ $837
Total Assets$244,271$247,863▲ $3,592
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$244,271$247,863▲ $3,592
Total Net Assets Fund Balance$244,271$247,863▲ $3,592
Total Liabilities and Net Assets / Fund Balance$244,271$247,863▲ $3,592
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Betsy WadeDirectorPT$2,750$2,750
Michelle SutcliffeDirectorPT$2,750$2,750
Cathy LaneSecretaryPT$2,750$2,750
Heather TrainorDirector-$2,750$2,750
Paul LetalienDirector-$2,750$2,750
Diane ParkerVice ChairmaPT$2,250$2,250
John H UmphlettTreasurerPT$2,250$2,250
Marlon LongacreChairman-$2,250$2,250
Mike ReckordDirector-$2,250$2,250
David BloomquistDirector-$2,000$2,000
John GolemoDirector-$1,750$1,750
David TylerDirectorPT$1,000$1,000
Maurice WalkerDirector-$200$200
Revenue and Support

Revenue Composition

Contributions and Grants
$1,031,172
Program Service Revenue
$0
Investment Income
$1,235
Other Revenue
$0
All Other Contributions
$1,031,172
Change in Net Assets
$3,592

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,032,407
Revenue Not Reported on Form 990
$48,933
Total Revenue per Audited Statements
$1,081,340
Total Revenue per Form 990
$1,032,407
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,001,115
Salaries, Compensation, and Employee Benefits$27,700
Other Expenses$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$931,115--$931,115
Grants to Domestic Individuals$70,000--$70,000
Current Officers, Directors, Trustees, and Key Employees$27,700--$27,700
Total Functional Expenses$1,028,815$0$0$1,028,815

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,077,748
Expenses per Audited Statements$1,028,815
Total Expenses per Form 990$1,028,815
Expenses Not Reported on Form 990$48,933
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Davis Direction Foundation IncMarietta, GA501c3Community Assistance$25,000
Must MinistriesMarietta, GA501c3Community Assistance$25,000
Nobis Works-501c3-$25,000
The Center for Children & Young AduMarietta, GA501c3Community Assistance$20,419
Georgia Transplant FoundationMarietta, GA501c3Community Assistance$18,345
Livesafe Resources IncRoswell, GA501c3Community Assistance$16,362
THE CHILDREN'S HAVEN INCMarietta, GA501c3Community Assistance$16,062
Right in the Community IncCanton, GA501c3Community Assistance$14,650
Communities in Schools of MariettaAtlanta, GA501c3Community Assistance$13,600
Reflections of Trinity IncMarietta, GA501c3Community Assistance$13,521
Kennesaw St Universityfoundation inPowder Springs, GA501c3Community Assistance$13,308
Power of Peace Initiative IncKennesaw, GA501c3Community Assistance$12,062
Beyond Limits Therapeutic RidingMarietta, GA501c3Community Assistance$11,900
Goshen Valley FoundationEmerson, GA501c3Community Assistance$11,619
George R Ford Memorial FundCanton, GA501c3Community Assistance$11,000
Blue Thanksgiving IncMarietta, GA501c3Community Assistance$10,700
Positive American Youth IncAustell, GA501c3Community Assistance$10,577
Kids CubedMarietta, GA501c3Community Assistance$10,250
Serenade Heights IncWoodstock, GA501c3Community Assistance$10,190
Extension IncMarietta, GA501c3Community Assistance$10,101
Adult Disability Medical Home IncAtlanta, GA501c3Community Assistance$10,075
Good Samaritan Health Ctr of CobbMarietta, GA501c3Community Assistance$10,000
Kidz 2 Leaders IncMarietta, GA501c3Community Assistance$9,769
Bethany Place IncCanton, GA501c3Community Assistance$9,750
Four Corners Group IncSnellville, GA501c3Community Assistance$9,600
SAFEPATH CHILDREN'S ADV CTR INCMarietta, GA501c3Community Assistance$9,575
Road Trip Home Animal RescueAcworth, GA501c3Community Assistance$9,550
Cherokee County Educational FoundatCanton, GA501c3Community Assistance$9,300
Smith Gilbert Arboretum FoundationKennesaw, GA501c3Community Assistance$9,200
Kos IncSmyrna, GA501c3Community Assistance$9,019
Camp Kudzu IncAtlanta, GA501c3Community Assistance$8,919
Master Gardener Volunteers of CobbMarietta, GA501c3Community Assistance$8,626
The Giving Kitchen InitiativeAtlanta, GA501c3Community Assistance$8,285
Devereux FoundationKennesaw, GA501c3Community Assistance$8,010
Loving Arms Cancer OutreachMarietta, GA501c3Community Assistance$8,000
Make-a-wish Foundation of GaAtlanta, GA501c3Community Assistance$8,000
Ucc Xv Inc - Laurels EdgeMarion, OH501c3Community Assistance$8,000
Special Needs Development GroupAcworth, GA501c3Community Assistance$7,968
Vision Rhabilitation Services of GaSmyrna, GA501c3Community Assistance$7,650
Special Needs Respite IncRoswell, GA501c3Community Assistance$7,225
Cobb Community Collaborative IncSmyrna, GA501c3Community Assistance$7,119
Brookwood Christian SchoolAcworth, GA501c3Community Assistance$7,110
Camp Twin LakesAtlanta, GA501c3Community Assistance$6,900
Great Prospects IncSandy Springs, GA501c3Community Assistance$6,500
Tahirih Justice CenterFalls Church, VA501c3Community Assistance$6,469
Mde SchoolMarietta, GA501c3Community Assistance$6,450
Boy Scouts of America Atlanta AreaAtlanta, GA501c3Community Assistance$6,400
Celebrate Life International IncKennesaw, GA501c3Community Assistance$6,400
ALZHEIMER'S ASSOCIATIONAtlanta, GA501c3Community Assistance$6,275
Henry Callis Educational FoundationMarietta, GA501c3Community Assistance$6,250
Revved Up Kids IncPeachtree Corners, GA501c3Community Assistance$6,250
Safe America FoundationMarietta, GA501c3Community Assistance$6,100
Saving Lives AmericaRoswell, GA501c3Community Assistance$5,929
Cobb Community Foundation IncMarietta, GA501c3Community Assistance$5,900
His Camp IncAcworth, GA501c3Community Assistance$5,900
Essential 2 Life IncAtlanta, GA501c3Community Assistance$5,869
Cobb County Safety Village FoundatiMarietta, GA501c3Community Assistance$5,850
Cherokee Makerspace IncAcworth, GA501c3Community Assistance$5,750
The Miracle Foundation of ArtsSmyrna, GA501c3Community Assistance$5,680
Abundant Living Foundation IncCanton, GA501c3Community Assistance$5,650
Marietta Police Ath League IncMarietta, GA501c3Community Assistance$5,550
Down 7 Up 8 IncAtlanta, GA501c3Community Assistance$5,400
Friends of Cherokee County LibraryCanton, GA501c3Community Assistance$5,400
Operation Appreciation IncHiawassee, GA501c3Community Assistance$5,400
Ser Familia IncAcworth, GA501c3Community Assistance$5,250
Marietta Cobb Museum of ArtMarietta, GA501c3Community Assistance$5,200
Aloha to Aging IncMarietta, GA501c3Community Assistance$5,150
Service League of Cherokee CountyCanton, GA501c3Community Assistance$5,069
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 48,933 and 61,347 for the years ended december 31, 2023 and 2022, 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.

Form 990, Part VII

The foundation's board of directors receive meeting per diems which are paid by cobb emc. Cobb emc reports the amounts on form 1099 under cobb emc's ein when the 1099 reporting threshold is met. The form 990 instructions require the reporting of all board members that served on the board during the year be reported as "current". As a result, 12 board members are reported for the purposes of part vii, but only 9 members were serving as of december 31, 2023, in accordane wiht the bylaws.

Filing and Contact Details

Filer

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

Signing Officer

Name
Michelle Fortner
Title
CFO-cobb Emc
Phone
7704292100
Signed
2024-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Marlon Longacre
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

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

Form 990, Page 2, Part III, Line 4D

N/A

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