2022-06-08T07:35:01-05:00 2021-12-31 581094351 MCNAIR MCLEMORE MIDDLEBROOKS & CO LLC POST OFFICE BOX ONE MACON GA 312020001 990 2021-01-01 463645573 COBB EMC FOUNDATION INC COBB 7704292100 1000 EMC PARKWAY MARIETTA GA 30060 BRETT STOVERN CFO - COBB EMC 7704292100 2022-06-06 true BRETT STOVERN XXX-XX-XXXX WILLIAM R ROUNTREE P01231836 4787466277 2022-06-08 2021 2022-09-23 18:48:47Z X MARLON LONGACRE 1000 EMC PARKWAY MARIETTA GA 30060 995187 false X SEE SCHEDULE O X 2011 GA 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). 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A LISTING OF THE SCHOLARSHIP WINNERS CAN BE FOUND AT HTTPS://WWW.COBBEMC.COM/CONTENT/COBB-EMC-COMMUNITY-FOUNDATION-SCHOLARSHIP. FORM 990 - ORGANIZATION'S 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. FORM 990 WEBSITE: HTTPS://WWW.COBBEMC.COM/CONTENT/COBB-EMC-COMMUNITY-FOUNDATION FORM 990, PAGE 2, PART III, LINE 4D N/A 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 41,667 AND 41,289 FOR THE YEARS ENDED DECEMBER 31, 2021 AND 2020, 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. COBB EMC FOUNDATION DID NOT ISSUE ANY 1099S DURING THE YEARS ENDED DECEMBER 31, 2021 AND 2020.