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Cobb Family Foundation Inc

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Philanthropy, Voluntarism and Grantmaking Foundations / Private Independent Foundations (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$22.6k (2023)

Expenses
$50.8k (2023)

Total Assets
$774k (2023)

Total Liabilities
$0 (2023)

Source: Form 990 tax filings from 2017 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$22,649
Expenses
$50,763
Net Income
-$28,114
Net Assets
$774,178
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $96
0.4%
Dividends $22,541
99.5%
Sales of Assets $12
0.1%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $43,000
84.7%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $774,178
Total Liabilities $0
Net Assets $774,178
Compensation
Key Employees and Officers Compensation Other
Susan Cobb Underwood (Director) $0 $0
Martha Katherine Spradley (Director) $0 $0
Janice W Vaughn (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$22,870
Expenses
$57,052
Net Income
-$34,182
Net Assets
$802,292
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $25
0.1%
Dividends $19,050
83.3%
Sales of Assets $3,795
16.6%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $49,000
85.9%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $802,292
Total Liabilities $0
Net Assets $802,292
Compensation
Key Employees and Officers Compensation Other
Susan Cobb Underwood (Director) $0 $0
Martha Katherine Spradley (Director) $0 $0
Janice W Vaughn (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$86,565
Expenses
$50,272
Net Income
$36,293
Net Assets
$836,387
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $3
0.0%
Dividends $19,090
22.1%
Sales of Assets $67,472
77.9%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $42,000
83.5%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $836,387
Total Liabilities $0
Net Assets $836,387
Compensation
Key Employees and Officers Compensation Other
Susan Cobb Underwood (Director) $0 $0
Martha Katherine Spradley (Director) $0 $0
Janice W Vaughn (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$45,408
Expenses
$47,413
Net Income
-$2,005
Net Assets
$800,093
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $9
0.0%
Dividends $16,959
37.3%
Sales of Assets $28,440
62.6%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $41,000
86.5%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $800,094
Total Liabilities $1
Net Assets $800,093
Compensation
Key Employees and Officers Compensation Other
Susan Cobb Underwood (Director) $0 $0
Martha Katherine Spradley (Director) $0 $0
Janice W Vaughn (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$21,030
Expenses
$25,272
Net Income
-$4,242
Net Assets
$802,098
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $208
1.0%
Dividends $20,599
98.0%
Sales of Assets $110
0.5%
Other Income $113
0.5%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $19,000
75.2%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $802,099
Total Liabilities $1
Net Assets $802,098
Compensation
Key Employees and Officers Compensation Other
Susan Cobb Underwood (Director) $0 $0
David A Underwood (Director) $0 $0
Martha Katherine Spradley (Director) $0 $0
Janice W Vaughn (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$135,548
Expenses
$31,320
Net Income
$104,228
Net Assets
$806,341
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $1,070
0.8%
Interest Revenue $205
0.2%
Dividends $19,662
14.5%
Sales of Assets $114,475
84.5%
Other Income $136
0.1%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $12,000
38.3%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $806,341
Total Liabilities $0
Net Assets $806,341
Compensation
Key Employees and Officers Compensation Other
Susan Cobb Underwood (Director) $0 $0
David A Underwood (Director) $0 $0
Martha Katherine Spradley (Director) $0 $0
Janice W Vaughn (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$697,956
Expenses
$43,071
Net Income
$654,885
Net Assets
$702,113
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $98,615
14.1%
Interest Revenue $78
0.0%
Dividends $13,862
2.0%
Sales of Assets $585,398
83.9%
Other Income $3
0.0%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $38,000
88.2%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $702,113
Total Liabilities $0
Net Assets $702,113
Compensation
Key Employees and Officers Compensation Other
Susan Cobb Underwood (Director) $0 $0
David A Underwood (Director) $0 $0
Martha Katherine Spradley (Director) $0 $0
Janice W Vaughn (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2016

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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