Athens Tech Foundation Inc

Organization Overview

Athens Tech Foundation Inc is located in Athens, GA. The organization was established in 1989. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Athens Tech 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, Athens Tech Foundation Inc generated $337.5k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $229.7k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.3%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO PARTNER WITH ATHENS TECHNICAL COLLEGE AND WITH THE COMMUNITY TO BUILD THE WORKFORCE OF TODAY AND FOR THE FUTURE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE ATHENS TECH FOUNDATION PROVIDES SCHOLARSHIPS TO STUDENTS EACH TERM BASED ON THEIR FINANCIAL NEED AND SCHOLASTIC ABILITY AS WELL AS GED VOUCHERS. THE FOUNDATION WAS ABLE TO ASSIST 174 STUDENTS WITH PAYING OFF THEIR PAST DUE BALANCES OR STUDENTS RECEIVED EMERGENCY ASSISTANCE IN 2021. THIS ALLOWED THEM TO CONTINUE THEIR STUDIES WITHOUT ANY DELAYS. THE FOUNDATION ALSO PAYS FOR PROFESSIONAL DEVELOPMENT FOR ATHENS TECHNICAL COLLEGE. DURING THE YEAR ENDED DECEMBER 31, 2021, 48 STUDENTS RECEIVED SCHOLARSHIP AWARDS OUT OF 325 INDIVIDUAL APPLICATIONS. 141 GED TESTS WERE PURCHASED FOR STUDENTS WHO WERE UNABLE TO AFFORD THE COST.


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Board, Officers & Key Employees

Name (title)Compensation
Terry Wingfield Jr
Board Chair
$0
Beth Thomas
Vice-Chair
$0
Katherine Alexander
Treasurer
$0
Beth Eavenson
Secretary
$0
Michelle Ruebush
Director
$0
Christy Terrell
Director
$0

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$197,650
Noncash contributions included in lines 1a–1f $2,646
Total Revenue from Contributions, Gifts, Grants & Similar$197,650
Total Program Service Revenue$0
Investment income $105,591
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $18,855
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $337,502

Grants Recieved

Over the last fiscal year, we have identified 5 grants that Athens Tech Foundation Inc has recieved totaling $36,777.

Awarding OrganizationAmount
North Georgia Community Foundation

Gainesville, GA

PURPOSE: EDUCATION

$23,288
Georgia Power Foundation Inc In Receivership

Atlanta, GA

PURPOSE: GEORGIA POWER EMERGENCY FUND

$10,000
Peach State Fcu Cares Foundation Inc

Lawrenceville, GA

PURPOSE: ORGANIZATIONAL SUPPORT

$2,000
Bank Of America Charitable Foundation Inc

Charlotte, NC

PURPOSE: OPERATIONAL SUPPORT

$1,350
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$139
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$594,121
Earnings$79,790
Admin Expense$6,666
Grants$12,538
Ending Balance$654,707

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