The Cobbs Creek Restoration and Community Foundation

Nonprofit profile at a glance

EIN
821942476
IRS 990 coverage
2019–2024
Forms available
Form 990 2024, Form 990-N 2017
Location
West Conshohocken, PA, USA
Phone
6103652529
Rating
47
Verdict
MIXED
Rating confidence
Moderate
Sector
Golf

Reported finances

Revenue
$15,993,695
Expenses
$3,863,266
Assets
$65,683,852
Liabilities
$7,873,459

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

38 people listed

Executive titles in this filing

  • JEFFREY SHANAHAN (PRESIDENT)
  • CHRIS LANGE SR (FOUNDING CEO)
  • JAMES WOODLAND (VICE PRESIDENT)

Highest reported compensation

  • JEFFREY SHANAHAN (PRESIDENT): $159,000 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The mission of the cobbs creek restoration and community foundation is to build lives and improve communities through golf and education.

What it reported doing in 2024

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.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

MIXED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 5
  • Transparency & Controls: 65
  • Accountability: 79
  • Sustainability: 89
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 0.1%; rating input score 0
  • Program expense ratio: 0.3%; rating input score 0
  • Fundraising efficiency: $14.54 raised per $1 spent on fundraising; rating input score 49; 49th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
  • Governance controls: 4 of 8 controls in place; rating input score 50
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Missing
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Fail
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 75.8%; rating input score 98; 98th percentile among comparable filings
  • Total-asset coverage ratio: 17; rating input score 95; 95th percentile among comparable filings
  • Liabilities to assets ratio: 0.12; rating input score 70; 70th percentile among comparable filings
  • Officer compensation ratio: 4.1%; rating input score 58; 58th percentile among comparable filings

Growth

  • Program expense growth: 24.1% per year; rating input score 100; 93rd percentile among comparable filings
  • Revenue growth: 29.6% per year; rating input score 100; 96th percentile among comparable filings
  • Asset growth: 45.9% per year; rating input score 100; 98th percentile among comparable filings

Details

  • Where the money goes: 0.1% of revenue deployed · 0.3% of spending went to programs
  • Governance: 38 of 38 board members independent · 4 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $10K in reported program spending
  • Leadership: top reported pay $159K · 38 people listed · 0 of 6 pay-setting controls reported
  • Highest-paid contractors: 4 contractors listed · $977K reported
  • Consistency: 27 of 27 current checks pass
  • Schedules: 6 filed schedules · includes major donors and executive pay
  • Filing history: 6 filing years from 2019 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Financial Efficiency: Mission deployment rate scored 0/100.
  • High — Financial Efficiency: Program expense ratio scored 0/100.
  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • Review — Accountability: Governance controls: 3 of 7 not reported.
  • Moderate — Financial Efficiency: Fundraising efficiency scored 49/100.
  • Review — Sustainability: Officer compensation ratio scored 58/100.