German Cultural Foundation
- Assets
- $184.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Atlanta, GA
- Founding
- 07/2010
- Data as of
- 12/2023
- EIN
- 27-1489119
Organization Overview
German Cultural Foundation is located in Atlanta, GA. The organization was established in 2010. According to its NTEE Classification (A23) the organization is classified as: Cultural & Ethnic Awareness, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. German Cultural Foundation 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 12/2023, German Cultural Foundation generated $147.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (5.0%) each year. All expenses for the organization totaled $154.5k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
DONATED MONEY TO CULTIVATE GERMAN AMERICAN CULTURE IN THE U.S. INCLUDING A GRANT TO SUPPORT GOETHE ZENTRUM ATLANTA. THIS INSTITUTION PROVIDES LANGUAGE LEARNING PROGRAMS FOR CHILDREN AND ADULTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carsten Alting Asst. Secretary | 1 | $0 | |
Christian Halpaus Board Member | 1 | $0 | |
Linda Emde Board Member | 1 | $0 | |
Thierry Kartochian Board Member | 1 | $0 | |
Warren Colter Board Member | 1 | $0 | |
Senol Bayrak Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $151,053 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | -$3,783 |
| Other Revenue | $0 |
| Total Revenue | $147,270 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $8,012 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $24,790 |
| Total expenses | $154,503 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $130,755 |
| Other assets | $0 |
| Total assets | $184,907 |
| Total liabilities | $0 |
| Net assets or fund balances | $184,907 |
Grants Awarded
Over the last fiscal year, German Cultural Foundation has awarded $115,747 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
ATLANTA PUBLIC SCHOOLS PURPOSE: To support German speaking culture in U.S. | $34,247 |
GOETHE ZENTRUMGERMAN CULTURAL CENTER PURPOSE: To support German speaking culture in U.S | $75,000 |
GERMAN SCHOOL OF ATLANTA INC PURPOSE: To support German speaking culture in U.S. | $6,500 |