Central Georgia Technical College Foundation Inc
- Assets
- $4.9m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Macon, GA
- Founding
- 07/1991
- Data as of
- 06/2022
- EIN
- 58-1923671
Organization Overview
Central Georgia Technical College Foundation Inc is located in Macon, GA. The organization was established in 1991. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, 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. Central Georgia Technical College 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 06/2022, Central Georgia Technical College Foundation Inc generated $1.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $1.6m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE PRIVATE FUNDING FOR CAPITAL EXPANSION AND IMPROVEMENTS, EQUIPMENT, STAFF AND FACULTY DEVELOPMENT, SCHOLARSHIPS AND ENDOWMENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION EXISTS TO SUPPORT ADULT VOCATIONAL EDUCATION ACTIVITIES AS THE NEED ARISES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tonya Mcclure Executive Di | Officer | 40 | $0 |
Mr David Danzie Trustee | Trustee | $0 | |
Mr Stephen Williams Chair | Trustee | $0 | |
Mr Ed Barbee Trustee | Trustee | $0 | |
Dr Sarah Hawthorne Trustee | Trustee | $0 | |
Mr Mike O'hara Vice Chair | Trustee | $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 | $1,288,075 |
| Noncash contributions included in lines 1a–1f | $665,628 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,288,075 |
| Total Program Service Revenue | $0 |
| Investment income | $54,922 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $269,892 |
| Net Gain/Loss on Asset Sales | $35,418 |
| Net Income from Fundraising Events | $22,697 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,671,004 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $963,602 |
| Grants and other assistance to domestic individuals. | $28,879 |
| 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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,863 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $18,618 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $11,345 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $84,795 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $127,263 |
| Insurance | $17,651 |
| All other expenses | $57,321 |
| Total functional expenses | $1,578,580 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $421,791 |
| Savings and temporary cash investments | $217,822 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,980 |
| 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 | $2,820,686 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,428,331 |
| Total assets | $4,891,610 |
| Accounts payable and accrued expenses | $48,774 |
| 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 | $2,411,487 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,460,261 |
| Net assets without donor restrictions | $2,085,551 |
| Net assets with donor restrictions | $345,798 |
| 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 | $4,891,610 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Central Georgia Technical College Foundation Inc has recieved totaling $106,769.
| Awarding Organization | Amount |
|---|---|
Houston Hospitals Inc Warner Robins, GA PURPOSE: NURSING EDUCATION | $75,000 |
Americas Promise-The Alliance For Youth Washington, DC PURPOSE: YES PROJECT ACTION ROUNDTABLE GRANT | $20,000 |
Robert David Buchan Tr Uw Orlando, FL PURPOSE: GENERAL OPERATING | $7,750 |
The Peyton Anderson Foundation Inc Macon, GA PURPOSE: SCHOLARSHIPS | $3,000 |
The Peyton Anderson Foundation Inc Macon, GA PURPOSE: DISCRETIONARY | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $19 |
Endowment Analysis
| Beg. Balance | $99,496 |
| Net Contributions | $7,000 |
| Ending Balance | $106,496 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Miami Dade College Foundation Inc Miami, FL | $203,072,980 | $26,102,618 |
The Lord Foundation Of North Carolina Durham, NC | $23,094,681 | $641,441 |
Oxbridge Academy Foundation Inc West Palm Beach, FL | $65,288,192 | $19,905,008 |
University Of West Florida Foundation Inc Pensacola, FL | $164,565,433 | $23,515,652 |
University Of North Carolina At Greensboro Investment Fund Inc Greensboro, NC | $369,290,686 | $22,759,163 |
Building Equity Sooner For Tomarrow Greenville, SC | $493,697,004 | $17,744,355 |
Appalachian State University Foundation Inc Boone, NC | $159,413,962 | $18,404,104 |
Gator Boosters Inc Gainesville, FL | $35,445,358 | $17,089,938 |
University Of North Carolina Chapel Hill Arts And Sciences Foundation Chapel Hill, NC | $518,992,807 | $33,231,064 |
The University Of North Florida Foundation Inc Jacksonville, FL | $189,463,504 | $37,925,600 |
Usf Health Professions Conferencing Corporation Tampa, FL | $17,834,474 | $17,025,476 |
Florida Agricultural & Mechanical Univ Foundation Inc Tallahassee, FL | $165,576,820 | $45,594,915 |