New Found Community Foundation Inc
- Assets
- $64.0m
- Revenue
- $4.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Atlanta, GA
- Founding
- 08/2011
- Data as of
- 12/2021
- EIN
- 45-1957153
Organization Overview
New Found Community Foundation Inc is located in Atlanta, GA. The organization was established in 2011. According to its NTEE Classification (E12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Found Community Foundation Inc 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 12/2021, New Found Community Foundation Inc generated $4.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.5% each year . All expenses for the organization totaled $1.2m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, New Found Community Foundation Inc has awarded 15 individual grants totaling $11,109,973. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO BENEFIT THE RESIDENTS OF SEMINOLE COUNTY, GEORGIA AND ITS SURROUNDING REGION BY PROVIDING MUCH NEEDED FUNDS IN A MANNER THAT WILL INCREASE THE HEALTH AND WELFARE OF THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PAID INDIGENT CARE HEALTHCARE EXPENSES OF THOSE PERSONS BELOW POVERTY LEVEL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William R Burke Sec/treas/di | OfficerTrustee | 5 | $790 |
Herman Brookins Chrm/directo | OfficerTrustee | 10 | $790 |
Diane Thomas Director | Trustee | $790 | |
Douglas E Faircloth Director | Trustee | $790 | |
Keith Pendergrass Director | Trustee | $790 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $558,225 |
| Noncash contributions included in lines 1a–1f | $532,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $558,225 |
| Total Program Service Revenue | $0 |
| Investment income | $1,144,228 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,922,999 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,625,452 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,003,581 |
| 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 | $3,950 |
| Fees for services: Legal | $3,150 |
| Fees for services: Accounting | $17,110 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $100,045 |
| Fees for services: Other | $2,456 |
| Advertising and promotion | $0 |
| Office expenses | $8 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $13,603 |
| Travel | $110 |
| 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 | $7,009 |
| All other expenses | $140 |
| Total functional expenses | $1,151,162 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,643 |
| Savings and temporary cash investments | $844,292 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $276,380 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $5,250,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,232,000 |
| Investments—publicly traded securities | $56,356,332 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $63,961,647 |
| 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 | $63,960,445 |
| Net assets with donor restrictions | $1,202 |
| 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 | $63,961,647 |
Grants Awarded
Over the last fiscal year, New Found Community Foundation Inc has awarded $1,003,581 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Donalsonville, GA PURPOSE: INDIGENT HEALTH CARE | $960,452 |
SEMINOLE CO DISASTER RELIEF FUND PURPOSE: HURRICANE MICHAEL FD | $25,570 |
SEMINOLE CO DISASTER RELIEF FUND | | | $17,559 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that New Found Community Foundation Inc has recieved totaling $3,600,000.
| Awarding Organization | Amount |
|---|---|
Donalsonville Hospital Inc Donalsonville, GA PURPOSE: OPERATIONS | $1,800,000 |
Donalsonville Hospital Inc Donalsonville, GA PURPOSE: OPERATIONS | $1,800,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hopeway Foundation Charlotte, NC | $32,563,344 | $14,897,275 |
Randolph Cancer Center Llc Asheboro, NC | $0 | $11,508,289 |
The Healing Trust Nashville, TN | $0 | $7,303,090 |
Medical Center Foundation Inc Gainesville, GA | $39,439,884 | $6,805,753 |
Methodist Healthcare Foundation Memphis, TN | $23,965,456 | $9,348,334 |
Archbold Foundation Inc Thomasville, GA | $120,664,372 | $4,326,190 |
Avow Foundation Inc Naples, FL | $44,104,234 | $9,594,342 |
A G Rhodes Health & Rehab Management Inc Atlanta, GA | $5,425,018 | $4,030,975 |
Dalton-Whitfield Additional Tr Dalton, GA | $59,216,928 | $4,019,283 |
Buoniconti Fund To Cure Paralysis Inc Miami, FL | $4,267,074 | $4,138,317 |
Community Hospice Of Northeast Florida Foundation For Caring Inc Jacksonville, FL | $23,319,207 | $6,212,516 |
Shelby County Community Health Foundation Columbiana, AL | $85,859,544 | $2,816,879 |