Community Foundation Of Northwest Georgia Inc
- Assets
- $78.0m
- Revenue
- $15.8m
- Investments
- $0.0
- Employees
- 6
- Location
- Dalton, GA
- Founding
- 07/1998
- Data as of
- 12/2021
- EIN
- 58-2360356
Organization Overview
Community Foundation Of Northwest Georgia Inc is located in Dalton, GA. The organization was established in 1998. 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 Of Northwest Georgia Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Foundation Of Northwest 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 Of Northwest Georgia Inc generated $15.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.2% each year . All expenses for the organization totaled $7.2m during the year ending 12/2021. While expenses have increased by 8.7% 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 2020, Community Foundation Of Northwest Georgia Inc has awarded 803 individual grants totaling $8,029,262. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO SERVE THE NEEDS OF THE NORTHWEST GEORGIA REGION AND TO BENEFIT AND PROMOTE THE WELL BEING OF VARIOUS COMMUNITIES SERVED BY THE FOUNDATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO SERVE THE NEEDS OF THE NORTHWEST GEORGIA REGION AND TO BENEFIT AND PROMOTE THE WELL BEING OF VARIOUS COMMUNITIES SERVED BY THE FOUNDATION.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Aft President | OfficerTrustee | 40 | $163,841 |
Tom Minor IV Chair, Board Of Directors | OfficerTrustee | 1 | $0 |
Stephen Farrow Director | Trustee | 1 | $0 |
Bill Davies Director | Trustee | 1 | $0 |
Amanda Reed Director | Trustee | 1 | $0 |
Lester Tate Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $89,800 |
| All other contributions, gifts, grants, and similar amounts not included above | $10,207,718 |
| Noncash contributions included in lines 1a–1f | $4,359,907 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,297,518 |
| Total Program Service Revenue | $0 |
| Investment income | $2,633,471 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,060,872 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $15,780,742 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,797,678 |
| 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. | $186,009 |
| Compensation of current officers, directors, key employees. | $55,803 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $317,647 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $48,876 |
| Payroll taxes | $35,531 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,132 |
| Fees for services: Accounting | $32,735 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $131,676 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,840 |
| Office expenses | $7,182 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $24,803 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $67,258 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,191 |
| Insurance | $7,953 |
| All other expenses | $0 |
| Total functional expenses | $7,238,794 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $564,806 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $8,000,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $3,574 |
| Investments—publicly traded securities | $69,458,299 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $78,026,679 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $80,000 |
| 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 | $5,936,039 |
| Total liabilities | $6,016,039 |
| Net assets without donor restrictions | $62,384,355 |
| Net assets with donor restrictions | $9,626,285 |
| 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 | $78,026,679 |
Grants Awarded
Over the last fiscal year, Community Foundation Of Northwest Georgia Inc has awarded $3,900,472 in support to 96 organizations.
| Grant Recipient | Amount |
|---|---|
Indianapolis, IN PURPOSE: CIVIC & HUMAN SERVICES | $709,878 |
Dalton, GA PURPOSE: LEARNING & EDUCATION | $409,286 |
Dalton, GA PURPOSE: CIVIC & HUMAN SERVICES | $365,105 |
CATOOSA COUNTY PUBLIC SCHOOLS PURPOSE: LEARNING & EDUCATION | $250,000 |
Dalton, GA PURPOSE: FAITH & RELIGION, LEARNING AND EDUCATION | $219,700 |
Dalton, GA PURPOSE: LEARNING & EDUCATION | $186,786 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Community Foundation Of Northwest Georgia Inc has recieved totaling $566,000.
| Awarding Organization | Amount |
|---|---|
Community Foundation Of Greater Chattanooga Inc Chattanooga, TN PURPOSE: JACK MCKEE DONOR ADVISED FUND | $500,000 |
The Community Foundation For Greater Atlanta Inc Atlanta, GA PURPOSE: PHILANTHROPY/VOLUNTARISM | $50,000 |
Community Foundation Of Northwest Georgia Inc Dalton, GA PURPOSE: CIVIC & HUMAN SERVICES | $10,000 |
Winston-Salem Foundation Winstonsalem, NC PURPOSE: 1 GRANT(S) FOR VARYING PURPOSES | $6,000 |
Endowment Analysis
| Beg. Balance | $147,751 |
| Earnings | $28,902 |
| Grants | $1,201 |
| Ending Balance | $175,452 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Foundation For Palm Beach & Martin Counties Inc West Palm Beach, FL | $221,759,809 | $29,612,714 |
Community Foundation Of Greenville Inc Greenville, SC | $110,749,055 | $32,278,412 |
Pinellas Community Foundation Clearwater, FL | $142,858,566 | $23,264,951 |
Spartanburg County Foundation Spartanburg, SC | $213,613,348 | $29,550,562 |
North Georgia Community Foundation Gainesville, GA | $121,312,465 | $29,287,202 |
Central Carolina Community Foundation Columbia, SC | $200,312,368 | $26,646,536 |
Community Foundation Of The Chattahoochee Valley Inc Columbus, GA | $203,858,921 | $35,593,899 |
Community Foundation Of Broward Inc Fort Lauderdale, FL | $211,626,969 | $24,953,275 |
High Point Community Foundation High Point, NC | $114,170,503 | $14,778,667 |
Community Foundation Of Central Georgia Inc Macon, GA | $156,226,670 | $20,534,365 |
Indian River Community Foundation Vero Beach, FL | $78,791,488 | $17,472,868 |
Community Foundation For Northeast Georgia Inc Duluth, GA | $80,665,782 | $22,483,820 |