Community Foundation For Northeast Georgia Inc
- Assets
- $80.7m
- Revenue
- $22.5m
- Investments
- $12.9m
- Employees
- 4
- Location
- Duluth, GA
- Founding
- 08/1984
- Data as of
- 12/2021
- EIN
- 58-1557995
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.
Form
990T
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
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Randall Redner President/ceo | Officer | 40 | $150,000 |
Margaret Bugbee CFO | Officer | 40 | $115,697 |
K Clifford Bray II Treasurer | OfficerTrustee | 1 | $0 |
Dick Lopresti Chair | OfficerTrustee | 1 | $0 |
Thomas Abernathy Vice Chair | OfficerTrustee | 1 | $0 |
J Michael Levengood Secretary | OfficerTrustee | 1 | $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 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $10,518,798 |
| 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. | $265,697 |
| Compensation of current officers, directors, key employees. | $225,843 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $145,490 |
| Pension plan accruals and contributions | $24,661 |
| Other employee benefits | $29,541 |
| Payroll taxes | $29,669 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $247,861 |
| Fees for services: Other | $110,823 |
| Advertising and promotion | $49,422 |
| Office expenses | $10,505 |
| Information technology | $36,270 |
| Royalties | $0 |
| Occupancy | $24,558 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $14,763 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $12,768 |
| All other expenses | $25,683 |
| Total functional expenses | $11,784,661 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,925,155 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,317 |
| 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 | $64,818,534 |
| Investments—other securities | $12,914,776 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $80,665,782 |
| Accounts payable and accrued expenses | $48,204 |
| 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 | $14,947,729 |
| Total liabilities | $14,995,933 |
| Net assets without donor restrictions | $49,558,932 |
| Net assets with donor restrictions | $16,110,917 |
| 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 | $80,665,782 |
Grants Awarded
Over the last fiscal year, Community Foundation For Northeast Georgia Inc has awarded $7,637,462 in support to 167 organizations.
| Grant Recipient | Amount |
|---|---|
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 |
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 Organization | Amount |
|---|---|
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 |
Endowment Analysis
| Beg. Balance | $14,556,001 |
| Earnings | $2,056,482 |
| Net Contributions | $166,000 |
| Grants | $448,006 |
| Ending Balance | $16,330,477 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Community Foundation For Northeast Florida Inc Jacksonville, FL | $630,367,087 | $110,893,672 |
Givewell Community Foundation Inc Lakeland, FL | $419,262,531 | $231,457,010 |
North Carolina Community Foundation Inc Raleigh, NC | $442,779,010 | $109,848,330 |
Community Foundation Of Collier County Naples, FL | $218,053,316 | $48,461,607 |
Triangle Community Foundation Durham, NC | $302,593,887 | $28,260,487 |
Coastal Community Foundation Of South Carolina Inc N Charleston, SC | $293,333,431 | $80,143,972 |
Chattanooga Christian Community Foundation Chattanooga, TN | $107,861,272 | $37,732,736 |
The Community Foundation Of Greater Birmingham Birmingham, AL | $299,631,425 | $49,687,592 |
Community Foundation Of Greater Chattanooga Inc Chattanooga, TN | $242,437,300 | $52,106,763 |
Community Foundation Of Tampa Bay Inc Tampa, FL | $288,002,169 | $39,276,460 |
East Tennessee Foundation Knoxville, TN | $333,652,631 | $23,055,951 |
The Community Foundation Of Western North Carolina Inc Asheville, NC | $422,748,745 | $38,320,270 |