Georgia Power Foundation Inc In Receivership
- Assets
- $222.3m
- Revenue
- $29.8m
- Investments
- $207.0m
- Employees
- 0
- Location
- Atlanta, GA
- Founding
- 12/1986
- Data as of
- 12/2021
- EIN
- 58-1709417
Organization Overview
Georgia Power Foundation Inc In Receivership is located in Atlanta, GA. The organization was established in 1986. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Georgia Power Foundation Inc In Receivership 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, Georgia Power Foundation Inc In Receivership generated $29.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 18.1% each year . All expenses for the organization totaled $20.7m during the year ending 12/2021. While expenses have increased by 7.5% 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 2014, Georgia Power Foundation Inc In Receivership has awarded 5,197 individual grants totaling $109,793,502. 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.
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Board, Officers & Key Employees
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mondrian | 12/30/21 | $69,837 |
Ing Clarion Lion | 12/30/21 | $71,772 |
Jp Morgan Chase Investor Services | 12/30/21 | $156,201 |
Jfl Equity Investors | 12/30/21 | $88,169 |
Blackstone | 12/30/21 | $82,176 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $13,350,000 |
| Interest on Savings | $817 |
| Dividends & Interest | $3,340,567 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $12,961,266 |
| Capital Gain Net Income | $12,961,266 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $157,256 |
| Total Revenue | $29,809,906 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $41,504 |
| Taxes | $311,106 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $261,709 |
| Total operating and administrative expenses | $1,534,495 |
| Contributions, gifts, grants paid | $19,153,248 |
| Total expenses and disbursements | $20,687,743 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,836,502 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $13,350,000 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $81,823 |
| Total assets | $222,309,509 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $9,142,116 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $236,105 |
| Total liabilities | $9,378,221 |
Grants Awarded
Over the last fiscal year, Georgia Power Foundation Inc In Receivership has awarded $20,791,567 in support to 634 organizations.
| Grant Recipient | Amount |
|---|---|
Atlanta, GA PURPOSE: PUBLIC SAFETY FIRST $750K FOR AT-PROMISE YOUTH CENTERS $750K FOR SAFETY TRAINING CENTER BENTINA TERRY ON BOARD OF TRUSTEES | $1,500,000 |
Augusta, GA PURPOSE: HUB FOR COMMUNITY INNOVATION | $1,500,000 |
COMMUNITY FOUNDATION FOR THE CENTRAL SAVANNAH RIVER AREA INC PURPOSE: HUB FOR COMMUNITY INNOVATION | $1,000,000 |
Atlanta, GA PURPOSE: FOURTH PAYMENT OF SEVEN-YEAR PLEDGE AUTHORIZED AT $7.5M TO SUPPORT CHILDREN'S HEALTHCARE OF ATLANTA NORTH DRUID HILLS CAMPUS | $1,000,000 |
BONNEVILLE ENVIRONMENTAL FOUNDATION PURPOSE: FUNDING OF WATERS FOR GEORGIA PROGRAM | $670,805 |
Atlanta, GA PURPOSE: POWERED FELLOWS PROGRAM SUPPORT 2022-2024. 3 YEAR COMMITMENT 2021, 2022, 2023 | $520,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Leslie L Alexander Foundation Delray Beach, FL | $372,501,228 | $8,282,313 |
Dogwood Health Trust Asheville, NC | $1,386,374,836 | $630,200,598 |
Publix Super Markets Charities Inc Lakeland, FL | $259,322,738 | $58,315,085 |
O Wayne Rollins Foundation Atlanta, GA | $468,654,801 | $21,609,282 |
Goizueta Foundation Inc Atlanta, GA | $444,757,286 | $34,966,270 |
The Marie-Josee And Henry R Kravis Foundation West Palm Beach, FL | $65,193,748 | $101,287,799 |
The Leon Levine Foundation Charlotte, NC | $654,368,860 | $94,686,429 |
Maclellan Foundation Inc Chattanooga, TN | $225,301,353 | $34,552,415 |
We Are Sharing Hope Sc Charleston, SC | $50,025,063 | $34,221,211 |
The Frist Foundation Nashville, TN | $198,128,014 | $36,312,656 |
The Duke Energy Foundation Charlotte, NC | $4,461,931 | $408,995 |
Smith Richardson Foundation Inc Greensboro, NC | $606,694,904 | $88,589,213 |