Community Foundation For Northeast Georgia Inc

Organization Overview

Community Foundation For Northeast Georgia Inc is located in Duluth, GA. The organization was established in 1984. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Community Foundation For Northeast Georgia Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Foundation For Northeast Georgia 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, Community Foundation For Northeast Georgia Inc generated $22.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.2% each year . All expenses for the organization totaled $11.8m during the year ending 12/2021. While expenses have increased by 10.8% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2017, Community Foundation For Northeast Georgia Inc has awarded 1,232 individual grants totaling $32,356,300. 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.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE FOUNDATION HAS THREE PRINCIPAL GOALS:1) TO BUILD A PERMANENT BASE OF CHARITABLE FUNDS THAT WILL BENEFIT NONPROFIT AGENCIES SERVING THE NORTHEAST GEORGIA REGION;2) TO IDENTIFY ESSENTIAL HUMAN NEEDS AND PROMISING OPPORTUNITIES IN THE COMMUNITY ESPECIALLY AS THEY IMPACT THE LESS FORTUNATE AND TO DEVELOP RESOURCES TO ADDRESS THEM; AND3) TO ACQUAINT DONORS WITH THE IMPORTANCE OF PRIVATE PHILANTHROPY AS IT RELATES TO IMPROVING THE QUALITY OF LIFE OF THE COMMUNITY.

Describe the Organization's Program Activity:

DISTRIBUTING INVESTMENT INCOME TO NON-PROFIT ORGANIZATIONS SERVING IN THE AREAS OF HEALTH, HUMAN SERVICES, EDUCATION, COMMUNITY SERVICE AND THE ARTS


Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.

Board, Officers & Key Employees

Name (title)Compensation
Randall Redner
President/ceo
$150,000
Margaret Bugbee
CFO
$115,697
Dick Lopresti
Chair
$0
K Clifford Bray II
Treasurer
$0
J Michael Levengood
Secretary
$0
Thomas Abernathy
Vice Chair
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$26,100
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$17,794,573
Noncash contributions included in lines 1a–1f $7,690,756
Total Revenue from Contributions, Gifts, Grants & Similar$17,820,673
Total Program Service Revenue$0
Investment income $1,240,763
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $3,244,481
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $22,483,820

Grants Awarded

Over the last fiscal year, Community Foundation For Northeast Georgia Inc has awarded $7,637,462 in support to 167 organizations.

Grant RecipientAmount

GWINNETT MEDICAL CENTER FOUNDATION

PURPOSE: SUPPORT THE CHARITABLE MISSION OF THE 501(C)(3) RECIPIENT ORGANIZATION

$625,079

AMERICAN ENDOWMENT FOUNDATION

PURPOSE: SUPPORT THE CHARITABLE MISSION OF THE 501(C)(3) RECIPIENT ORGANIZATION

$416,043

LOGANVILLE CHRISTIAN ACADEMY

PURPOSE: SUPPORT THE CHARITABLE MISSION OF THE 501(C)(3) RECIPIENT ORGANIZATION

$400,000

HOPE CLINIC INC

PURPOSE: SUPPORT THE CHARITABLE MISSION OF THE 501(C)(3) RECIPIENT ORGANIZATION

$257,083

12STONE CHURCH

PURPOSE: SUPPORT THE CHARITABLE MISSION OF THE 501(C)(3) RECIPIENT ORGANIZATION

$255,000

CEDARTOWN HUMANE SOCIETY

PURPOSE: SUPPORT THE CHARITABLE MISSION OF THE 501(C)(3) RECIPIENT ORGANIZATION

$236,540
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 8 grants that Community Foundation For Northeast Georgia Inc has recieved totaling $2,103,656.

Awarding OrganizationAmount
The Scott Hudgens Family Foundation Inc

Duluth, GA

PURPOSE: DESIG FOR THE SCOTT HUDGENS FAMILY FOUNDATION DONOR ADVISED FUND.

$1,200,000
American Endowment Foundation

Hudson, OH

PURPOSE: PHILANTHROPY

$331,124
Organization Name not Listed

PURPOSE: COMMUNITY ENRICHMENT

|

$285,000
Charles Barkley Foundation Inc

Vestavia Hills, AL

PURPOSE: CHARITABLE DONATION

$250,000
Primerica Foundation Inc

Duluth, GA

PURPOSE: NONPROFIT CAPACITY COVID FUND FOR FOOD AGENCIES IN GWINNETT COUNTY

$30,000
Georgia Power Foundation Inc In Receivership

Atlanta, GA

PURPOSE: NONPROFIT EDUCATION PROGRAMMING

$5,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$14,556,001
Earnings$2,056,482
Net Contributions$166,000
Grants$448,006
Ending Balance$16,330,477

Create an account to unlock the data you need.

or