The Charitable Foundation Of The
- Assets
- $1.6m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 1
- Location
- Atlanta, GA
- Founding
- 02/2005
- Data as of
- 06/2023
- EIN
- 20-2217504
Organization Overview
The Charitable Foundation Of The is located in Atlanta, GA. The organization was established in 2005. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Charitable Foundation Of The is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2023, Charitable Foundation Of The generated $1.6m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 49.8% each year . All expenses for the organization totaled $264.5k during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO RAISE FUNDS FOR CHARITABLE PROJECTS AND ACTIVITIES BOTH WITHIN THE UNITED STATES AND INTERNATIONALLY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS FOR POLIO PREVENTION PROGRAMS; SUMMER CAMP PROGRAMS FOR UNDERPRIVILEGED YOUTH; SCHOLARSHIPS FOR INTERNATIONAL STUDENTS FOR ONE YEAR OF STUDY AT GEORGIA COLLEGES AND UNIVERSITIES; CARE; USA; JORDAN PROJECT.
EARLY EDUCATION INITIATIVE: ATLANTA MAYOR ANDRE DICKENS HAS BEGUN MOBILIZING A HISTORIC $20M PUBLIC/PRIVATE INVESTMENT IN EARLY EDUCATION, CALLING ON THE PRIVATE SECTOR FOR HELP. THE ROTARY CLUB'S CHARITABLE FOUNDATION IS ANSWERING THAT CALL WITH A THREE-YEAR COMMITMENT TO INCREASE ACCESS TO AND THE QUALITY OF EARLY CHILDHOOD EDUCATION IN ATLANTA. EARLY EDUCATORS ARE AMONG THE LOWEST-PAID PROFESSIONALS IN EVERY STATE, WHICH IS WHY EDUCATION WORKFORCE INCENTIVES ARE A KEY PILLAR OF THE MAYOR'S PLAN. THE ROTARY CLUB OF ATLANTA WILL BE THE LEAD PRIVATE-SECTOR PARTNER IN THIS EFFORT, HELPING TO KEEP MORE OF OUR BIRTH-TO-FIVE TEACHERS IN THE CLASSROOM AND ENCOURAGING THEM TO PUT THE SCIENCES OF HEALTHY BRAIN DEVELOPMENT, LANGUAGE ACQUISITION AND LITERACY TO WORK FOR OUR YOUNGEST LEARNERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Doug Ellis Trustee | Trustee | 1 | $0 |
Noni Ellison Trustee | Trustee | 1 | $0 |
Blake Mcburney Trustee | Trustee | 1 | $0 |
Bill Todd Trustee | Trustee | 1 | $0 |
Tommy Holder Trustee | Trustee | 1 | $0 |
Neal Purcell Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $977,353 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $641,982 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,619,335 |
| Total Program Service Revenue | $0 |
| Investment income | $7 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,619,887 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $167,853 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $91,628 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $264,481 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $659,824 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $444,117 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $540,215 |
| Total assets | $1,644,156 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $1,644,156 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,644,156 |
Grants Awarded
Over the last fiscal year, The Charitable Foundation Of The has awarded $167,016 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
YOUTH SERVICE FUND PURPOSE: ANNUAL DONATIONS FOR UNDERPRIVILEDGED YOUTH SUMMER CAMP | $140,000 |
THE ROTARY FOUNDATION OF ROTARY INTERNATIONAL PURPOSE: DONATION TO ROTARY ANNUAL FUND | $20,700 |
GEORGIA ROTARY STUDENT PROGRAM INC PURPOSE: SPONSORSHIP OF ROTARY STUDENT | $6,316 |