2 Cobs Private Charitable Foundation
2 Cobs Private Charitable Foundation maintains substantial assets with zero reported officer compensation amidst volatile annual revenues and expenses.
EIN: 203738037 · Winfield, AL · NTEE: T22 · Updated: 2026-03-28
Is 2 Cobs Private Charitable Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
2 Cobs Private Charitable Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About 2 Cobs Private Charitable Foundation
2 Cobs Private Charitable Foundation (EIN: 203738037) is a nonprofit organization based in Winfield, AL, classified under NTEE code T22. The organization reported total revenue of $27K and total assets of $560K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of 2 Cobs Private Charitable Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates 2 Cobs Private Charitable Foundation with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, 2 Cobs Private Charitable Foundation allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no executive salaries are paid, which is highly favorable for maximizing funds directed towards charitable purposes.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of 2 Cobs Private Charitable Foundation's IRS 990 filings:
- Significant year-to-year revenue and expense volatility, making consistent financial planning challenging without a clear understanding of the underlying investment strategy.
Strengths
The following positive indicators were identified for 2 Cobs Private Charitable Foundation:
- Consistent reporting of 0% officer compensation, indicating high efficiency in executive overhead.
- Strong and growing asset base, increasing from $82,611 in 2011 to $619,787 in 2023, providing financial stability.
- Minimal liabilities ($1 across all filings), demonstrating excellent financial health and low debt.
- Consistent IRS 990 filing history, indicating good regulatory compliance and transparency.
Frequently Asked Questions about 2 Cobs Private Charitable Foundation
Is 2 Cobs Private Charitable Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, 2 Cobs Private Charitable Foundation (EIN: 203738037) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does 2 Cobs Private Charitable Foundation spend its money?
2 Cobs Private Charitable Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to 2 Cobs Private Charitable Foundation tax-deductible?
2 Cobs Private Charitable Foundation is registered as a tax-exempt nonprofit (EIN: 203738037). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is 2 Cobs Private Charitable Foundation a good charity?
Based on the available IRS 990 data, the foundation appears to be a well-managed private charitable entity. It maintains a strong asset base, consistently reports zero officer compensation, and has minimal liabilities. The primary consideration for 'good' would depend on the impact of its grants, which is not detailed in these filings.
How does the foundation manage its expenses given the revenue volatility?
The foundation's significant asset base (e.g., $619,787 in 2023) likely provides a buffer to manage expenses even in years with lower revenue, such as 2022 when expenses ($274,284) far exceeded revenue ($18,186). This suggests reliance on investment income or principal distributions.
What is the purpose of the 'NTEE Code: T22'?
NTEE Code T22 typically refers to 'Private Grantmaking Foundations,' indicating that 2 Cobs Private Charitable Foundation primarily functions by making grants to other organizations or individuals, rather than directly operating programs.
Filing History
IRS 990 filing history for 2 Cobs Private Charitable Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), 2 Cobs Private Charitable Foundation's revenue has declined by 1.9%, moving from $77K to $75K. Total assets increased by 650.2% over the same period, from $83K to $620K. Total functional expenses rose by 1484.6%, from $4K to $63K. In its most recent filing year (2023), 2 Cobs Private Charitable Foundation reported a surplus of $12K, with revenue exceeding expenses. The organization holds $1 in liabilities against $620K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $620K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $75K | $63K | $620K | $1 | — | — |
| 2022 | $18K | $274K | $608K | $1 | — | View 990 |
| 2021 | $42K | $27K | $864K | $1 | — | — |
| 2020 | $290K | $23K | $849K | $1 | — | — |
| 2019 | $40K | $37K | $582K | $1 | — | View 990 |
| 2015 | $209K | $3K | $528K | $1 | — | View 990 |
| 2014 | $20K | $30K | $355K | $1 | — | View 990 |
| 2013 | $273K | $8K | $365K | $1 | — | View 990 |
| 2012 | $27K | $11K | $99K | $1 | — | View 990 |
| 2011 | $77K | $4K | $83K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $75K, expenses of $63K, and assets of $620K (revenue +314.8% year-over-year).
- 2022: Revenue of $18K, expenses of $274K, and assets of $608K (revenue -56.6% year-over-year).
- 2021: Revenue of $42K, expenses of $27K, and assets of $864K (revenue -85.5% year-over-year).
- 2020: Revenue of $290K, expenses of $23K, and assets of $849K (revenue +627.0% year-over-year).
- 2019: Revenue of $40K, expenses of $37K, and assets of $582K (revenue -81.0% year-over-year).
- 2015: Revenue of $209K, expenses of $3K, and assets of $528K (revenue +946.4% year-over-year).
- 2014: Revenue of $20K, expenses of $30K, and assets of $355K (revenue -92.7% year-over-year).
- 2013: Revenue of $273K, expenses of $8K, and assets of $365K (revenue +903.9% year-over-year).
- 2012: Revenue of $27K, expenses of $11K, and assets of $99K (revenue -64.6% year-over-year).
- 2011: Revenue of $77K, expenses of $4K, and assets of $83K.
Data Sources and Methodology
This transparency report for 2 Cobs Private Charitable Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.