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The Cobbs Creek Restoration and Community Foundation

West Conshohocken, PA · EIN 82-1942476 · 501(c)(3) · Publicly supported organization (170(b)(1)(A)(vi))
Latest filing: Form 990 for calendar year 2024 (tax year 2024) · View the filing · Correct or respond

The Cobbs Creek Restoration and Community Foundation reported $16.0 million in revenue and $3.9 million in expenses for calendar year 2024. Of every $100 it spent, $0.26 went to program services, $71.92 to management and general costs and $27.82 to fundraising. Its largest source of revenue was contributions and grants: 97.7% of the total. The highest compensation it reported for one person was $159,000 (PRESIDENT). 1 person received more than $100,000 in reportable compensation. Revenue rose 428% between 2019 and 2024. Source: Form 990, 2024.

Where $100 of spending went

Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $3.9M

For context, the median across 237 covered recreation & sports charities: $88.05 programs, $10.89 management, $1.06 fundraising (medians computed separately, so they may not sum to $100).

Where $100 of revenue came from

Calendar year 2024 · Form 990, Part VIII · total revenue $16M

The 990 scorecard · same measures for every charity, no grades

2024 filing. Median across 237 covered charities in this category, from their latest filings.
Measure2024Median
Program services
Part IX 25(B) ÷ 25(A)
0.3%84.4%
Management & general
Part IX 25(C) ÷ 25(A)
71.9%10.4%
Fundraising
Part IX 25(D) ÷ 25(A)
27.8%1.0%
Fundraising cost per $1 of contributions
Part IX 25(D) ÷ Part VIII 1h
$0.07$0.05
Contributions & grants share of revenue
Part VIII 1h ÷ 12
97.7%25.2%
Government grants share of revenue
Part VIII 1e ÷ 12
0.0%0.0%
Program service revenue share
Part VIII 2g ÷ 12
0.0%61.0%
Highest reported compensation
Part VII-A, columns D–F
$159,000$365,322
Highest compensation as share of expenses
Part VII-A ÷ Part IX 25(A)
4.12%2.14%
People paid over $100,000
Part VII, line 2
16
Net assets, in months of expenses
Part X 33(B) ÷ monthly expenses
179.614.9
Independent voting board members
Part VI 1a–1b
38 of 38100.0%

A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.

What the money paid for, in its own words

2024 · Form 990, Part III · the three largest programs by expense
$10,000 expenses · 100.0% of program spending

The foundation is entering into a long-term lease with the city of philadelphia for the rehabiliation, restoration, use, maintenance and management of the Cobbs Creek waterway and golf course. The foundation focuses on improving the lives of young people in its community, including without limitation, by teaching them life skills using the game of golf as a tool to achieve this purpose. The foundation is in the process of establishing after-school programming at the Cobbs Creek golf course

Highest reported compensation

2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here
RoleFrom this orgFrom related orgsOtherTotal
PRESIDENT
Officer, 5.0 hrs/week
$159,000$0$0$159,000

1 people received more than $100,000 in reportable compensation from The Cobbs Creek Restoration and Community Foundation (Part VII, line 2). Compensation of current officers, directors and key employees totaled $159K (Part IX, line 5).

6 years of filings

Form 990, Parts I, VII, IX and X · each row is that year's own filing, linked
RevenueExpenses
$0$5.0M$10M$15M$20M201920202021202220232024$16M$3.9M
FilingRevenueExpensesProgramsNet assetsTop pay
2024 ⓘ$16M$3.9M0.3%$58M$159,000
2023 ⓘ$9.9M$12M4.0%$39M$150,000
2022 ⓘ$18M$6.3M10.4%$41M$150,000
2021 ⓘ$6.3M$3.2M6.9%$8.9M$150,000
2020 ⓘ$3.1M$1.9M0.0%$5.8M$25,846
2019 ⓘ$3.0M$473K0.0%$3.6M$83,653

Governance answers, as filed

2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means
  • Voting board members, and how many are independent Part VI, lines 1a–1b38 · 38 independent
  • Audited financial statements Part XII 2bYes
  • Conflict-of-interest policy Part VI 12aYes
  • Whistleblower policy Part VI 13No
  • Document retention policy Part VI 14No
  • Independent process for top executive pay Part VI 15aNot answered
  • Board given the 990 before filing Part VI 11aYes
  • Family or business ties among insiders Part VI 2Yes
  • Aware of a significant diversion of assets Part VI 5No
  • Excess benefit transaction with an insider Part IV 25aNo
  • Loans to or from insiders outstanding Part IV 26No
  • Lobbying, or a 501(h) election in effect Part IV 4No
  • Over $15,000 of professional fundraising services Part IV 18No
  • Over $10,000 of activity outside the U.S. Part IV 14bNo
  • Employees Part I, line 516
  • Volunteers Part I, line 61

Private foundation grants it received

17 private foundations reported grants to The Cobbs Creek Restoration and Community Foundation totaling $2.0M on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.

Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.

Correct a figure or respond

Every number above is copied from The Cobbs Creek Restoration and Community Foundation's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for The Cobbs Creek Restoration and Community Foundation, you can publish a response that is linked from this page.

Similar-sized charities in this cause

All recreation & sports charities · Largest charities in Pennsylvania

Questions people ask

How much of The Cobbs Creek Restoration and Community Foundation's spending goes to programs?

In calendar year 2024, The Cobbs Creek Restoration and Community Foundation reported that 0.3% of its $3.9 million in expenses went to program services, 71.9% to management and general and 27.8% to fundraising (Form 990, Part IX).

How much does The Cobbs Creek Restoration and Community Foundation pay its top executive?

The largest total compensation The Cobbs Creek Restoration and Community Foundation reported for one person in calendar year 2024 was $159,000, for the role of PRESIDENT (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does The Cobbs Creek Restoration and Community Foundation get its money?

Of $16.0 million in revenue in calendar year 2024, 97.7% came from contributions and grants and 0.0% from program service revenue (Form 990, Part VIII).

Is The Cobbs Creek Restoration and Community Foundation a registered charity?

The IRS lists EIN 82-1942476 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.

Sources

  • 2024: Form 990 for calendar year 2024, object 202503219349304835 · read the filing · XML
  • 2023: Form 990 for calendar year 2023, object 202443199349314344 · read the filing
  • 2022: Form 990 for calendar year 2022, object 202312979349300631 · read the filing
  • 2021: Form 990 for calendar year 2021, object 202202519349300620 · read the filing
  • 2020: Form 990 for calendar year 2020, object 202103199349323095 · read the filing
  • 2019: Form 990 for calendar year 2019, object 202033189349301313 · read the filing

All filings for EIN 82-1942476: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.