CB Foundation Inc
CB Foundation Inc is a private foundation, based in Mobile, AL. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $42.2M in total assets. In 2024, it awarded 6 grants totaling $411K. Net investment income was $8K.
CB Foundation Inc at a glance
In short: CB Foundation Inc gave $411K across 6 grants in 2024 (avg $69K), mostly in Colorado. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $411,100
- -84.6% vs 2023
- Grants made (2024)
- 6
- -64.7% vs 2023
- Average grant
- $68,517
- -56.3% vs 2023
- Median grant
- $25,550
- Total assets
- $42,208,176
- +10.8% vs 2023
- Primary geography
- Colorado (61% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who CB Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2024
The largest 2024 recipient was PSMC Foundation ($250K). Together the top 6 received $411K.
Grant Size Distribution
40 grants across all recorded years
The most common grant size was under $50K: 23 grants of 40 (57%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 6 itemized grants.
States
Cities
How CB Foundation Inc gives
- Giving grew 1423% from 2021 to 2024. Method
- In 2024 it paid out well above its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2021 to 2024, annual grant giving ranged from $27K (2021) to $2.7M (2023). In 2024 it made 6 grants totaling $411K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| PSMC Foundation Pagosa Springs, CO | Benevolence | $250,000 |
| Nathan & Racheal Morris Apopka, FL | Evangelism | $100,000 |
| Various Other Small Grants Mobile, AL | Benevolence | $31,100 |
| Fathers Joy Mobile, AL | Benevolence | $20,000 |
| Blue Missions Group Miami, FL | Benevolence | $5,000 |
| Bro Wes Hall Satsuma, AL | Benevolence | $5,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $42,208,176 | $5,088,953 | $988,401 | $411,100 | 6 | $411,100 | $7,953 | $6,802 |
| 2023 | $38,107,624 | $18,460,458 | $2,928,168 | $2,664,385 | 17 | $2,664,385 | $9,458 | — |
| 2022 | $623,488 | $1,275,153 | $662,910 | $609,600 | 10 | $662,100 | $53 | — |
| 2021 | $11,245 | $27,024 | $27,019 | $27,000 | 7 | — | $24 | — |
Under IRS private-foundation payout rules, CB Foundation Inc reported a distributable amount of $7K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
CB Foundation Inc's 2024 filing lists 3 officers; none of the 3 officers listed in 2024 report compensation.
Officers on the 2024 filing
Bruce R. Wagner Sr.
Board Member
Director → Board Member, 2024
On filings since 2021
1 hr/week
No compensation reported
Cathy Wagner
Board Member
Director → Board Member, 2024
On filings since 2021
1 hr/week
No compensation reported
Melissa Reynolds Former
Board Member
New on the 2024 filing
1 hr/week
No compensation reported
Former officers (1)
- Former: Melissa Reynolds (2021–2023) — Director
Data from IRS Form 990 filings, 2021–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about CB Foundation Inc
How much does CB Foundation Inc give each year?
CB Foundation Inc gave $411K across 6 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $2.7M across 17 grants.
What is CB Foundation Inc's typical grant size?
CB Foundation Inc's median grant in 2024 was $25,550, and its average grant was $68,517, across 6 grants on its 2024 IRS Form 990-PF.
Where does CB Foundation Inc give grants?
CB Foundation Inc gives mostly in Colorado: 61% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest states were Florida (26%) and Alabama (14%). The most frequent recipient cities were Mobile, AL (2 grants).
Does CB Foundation Inc give general operating support?
Not in 2024: none of the 6 grants with a stated purpose on CB Foundation Inc's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Benevolence" (5 grants).
Who are CB Foundation Inc's largest grantees?
CB Foundation Inc's largest 2024 grantees include PSMC Foundation ($250,000), Nathan & Racheal Morris ($100,000) and Various Other Small Grants ($31,100), according to its 2024 IRS Form 990-PF. Together they received 93% of its itemized 2024 grant dollars.
How large is CB Foundation Inc?
CB Foundation Inc reported $42.2M in total assets on its 2024 IRS Form 990-PF. It paid out $411K in qualifying distributions that year, against a required minimum of $7K (roughly 5% of its investment assets).
What is CB Foundation Inc's EIN?
CB Foundation Inc's EIN (Employer Identification Number) is 82-2853726. IRS Form 990 filing data is available on this page for 2021–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2021–2024
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