Gwinnett Tech Foundation Inc

Organization Overview

Gwinnett Tech Foundation Inc is located in Lawrenceville, GA. The organization was established in 1994. According to its NTEE Classification (T30) the organization is classified as: Public 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. Gwinnett 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 06/2021, Gwinnett Tech Foundation Inc generated $1.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $1.6m during the year ending 06/2021. While expenses have increased by 3.5% per year over the past 6 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, Gwinnett Tech Foundation Inc has awarded 14 individual grants totaling $11,619,636. 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 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE PURPOSE OF THE GWINNETT TECH FOUNDATION IS TO AID AND SUPPORT GWINNETT TECHNICAL COLLEGE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE FOUNDATION'S EXEMPT PURPOSE IS TO GENERATE AND PROVIDE ADDITIONAL FUNDS FOR THE SUPPORT OF THE STUDENTS, PROGRAMS AND SERVICES OF GWINNETT TECHNICAL COLLEGE IN ORDER TO HELP THE COLLEGE ACHIEVE ITS STATED GOALS AND OBJECTIVES. GWINNETT TECHNICAL COLLEGE IS A TWO-YEAR TECHNICAL SCHOOL UNIT OF THE TECHNICAL COLLEGE SYSTEM OF GEORGIA WITH CAMPUSES IN LAWRENCEVILLE AND ALPHARETTA, GEORGIA THAT OFFERS OVER 140 PROGRAMS OF STUDY FOR OVER 12,000 ENROLLED STUDENTS.


THE FOUNDATION'S EXEMPT PURPOSE IS TO GENERATE AND PROVIDE ADDITIONAL FUNDS FOR THE SUPPORT OF THE STUDENTS, PROGRAMS AND SERVICES OF GWINNETT TECHNICAL COLLEGE IN ORDER TO HELP THE COLLEGE ACHIEVE ITS STATED GOALS AND OBJECTIVES. GWINNETT TECHNICAL COLLEGE IS A TWO-YEAR TECHNICAL SCHOOL UNIT OF THE TECHNICAL COLLEGE SYSTEM OF GEORGIA WITH CAMPUSES IN LAWRENCEVILLE AND ALPHARETTA, GEORGIA THAT OFFERS OVER 140 PROGRAMS OF STUDY FOR OVER 12,000 ENROLLED STUDENTS.


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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$1,103,906
Noncash contributions included in lines 1a–1f $459,847
Total Revenue from Contributions, Gifts, Grants & Similar$1,103,906
Total Program Service Revenue$0
Investment income $91,251
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $440,829
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,635,986

Grants Awarded

Over the last fiscal year, Gwinnett Tech Foundation Inc has awarded $2,912,172 in support to 4 organizations.

Grant RecipientAmount

GWINNETT TECHNICAL COLLEGE

Org PageRecipient Profile

Lawrenceville, GA

PURPOSE: TO SUPPORT THE ACADEMIC PURSUITS OF GWINNETT TECHNICAL COLLEGE

$1,307,590

GWINNETT TECHNICAL COLLEGE

Org PageRecipient Profile

Lawrenceville, GA

PURPOSE: TO SUPPORT THE ACADEMIC PURSUITS OF GWINNETT TECHNICAL COLLEGE

$1,307,590

GWINNETT TECHNICAL COLLEGE

Org PageRecipient Profile

Lawrenceville, GA

PURPOSE: NEED & MERIT BASED SCHOLARSHIPS APPROVED BY AND FOR THE STUDENTS OF GWINNETT TECHNICAL COLLEGE

$148,496

GWINNETT TECHNICAL COLLEGE

Org PageRecipient Profile

Lawrenceville, GA

PURPOSE: NEED & MERIT BASED SCHOLARSHIPS APPROVED BY AND FOR THE STUDENTS OF GWINNETT TECHNICAL COLLEGE

$148,496
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 7 grants that Gwinnett Tech Foundation Inc has recieved totaling $250,684.

Awarding OrganizationAmount
The Scott Hudgens Family Foundation Inc

Duluth, GA

PURPOSE: DESIG: $75,000 - OFFICE OF VETERANS AFFAIRS; $75.000 - GW TECH OPPORTUNITY FUND

$150,000
The Merancas Foundation Inc

Charlotte, NC

PURPOSE: STUDENT ASSISTANCE - SCHLOARSHIPS

$50,000
Kaiser Foundation Health Plan Of Georgia Inc

Oakland, CA

PURPOSE: NURSING PROGRAM SCHOLARSHIP

$25,000
Assistance League Of Atlanta Georgia

Peachtree Corners, GA

PURPOSE: SCHORARSHIP

$13,500
Peach State Fcu Cares Foundation Inc

Lawrenceville, GA

PURPOSE: ORGANIZATIONAL SUPPORT

$7,000
Georgia Power Foundation Inc In Receivership

Atlanta, GA

PURPOSE: GWINNETT TECH OPPORTUNITY FUND

$5,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$5,087,492
Earnings$1,310,178
Net Contributions$575,213
Other Expense$178,790
Ending Balance$6,794,093

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