Nana Grants Inc
- Assets
- $831.7k
- Revenue
- $842.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Atlanta, GA
- Founding
- 12/2016
- Data as of
- 12/2023
- EIN
- 81-4626337
Organization Overview
Nana Grants Inc is located in Atlanta, GA. The organization was established in 2016. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nana Grants 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 12/2023, Nana Grants Inc generated $842.8k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 39.5% each year . All expenses for the organization totaled $298.0k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Nana Grants Inc has awarded 51 individual grants totaling $483,679. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
WE PAY CHILD CARE FOR LOW INCOME PARENTS SO THEY CAN ATTEND COLLEGE
Describe the Organization's Program Activity:
Part 3 - Line 4a
NANA GRANTS PAYS FOR CHLD CARE FOR LOW-INCOME, SINGLE MOTHERS SO THEY CAN ATTEND COLLEGE. IN 2023 WE HAD 28 GRANT RECIPIENTS. WE ALSO HAD 5 GRANT RECIPIENTS GRADUATE FROM COLLEGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Erica Stephens Executive Director | Officer | 40 | $77,430 |
Dan Berman Development Committee | Trustee | 1.25 | $0 |
Mary Jane Credeur Development Committee | Trustee | 1.25 | $0 |
Christa Kirk Secretary | Trustee | 1.25 | $0 |
Greg Washington Provider Relations Committee | Trustee | 1.25 | $0 |
Peggy Haines Operations Committee | Trustee | 1.25 | $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 | $842,701 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $842,701 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $842,760 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $178,616 |
| 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. | $78,262 |
| Compensation of current officers, directors, key employees. | $7,826 |
| 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 | $962 |
| Fees for services: Accounting | $6,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $5,869 |
| Office expenses | $0 |
| Information technology | $18,180 |
| Royalties | $0 |
| Occupancy | $824 |
| Travel | $5 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $150 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $510 |
| Insurance | $558 |
| All other expenses | $402 |
| Total functional expenses | $298,029 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $830,645 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $25 |
| 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 | $1,019 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $831,689 |
| Accounts payable and accrued expenses | $2,839 |
| Grants payable | $1,295 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $4,134 |
| Net assets without donor restrictions | $827,555 |
| Net assets with donor restrictions | $0 |
| 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 | $831,689 |
Grants Awarded
Over the last fiscal year, Nana Grants Inc has awarded $131,070 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
A SMART START LEARNING ACADEMY PURPOSE: ChildCare | $8,640 |
CORNERSTONE LEARNING CENTER LLC PURPOSE: ChildCare | $9,590 |
APPLETON EARLY LEARNING CENTER INC PURPOSE: ChildCare | $5,990 |
ATLANTA TECHNICAL COLLEGE EARLY EDU PURPOSE: ChildCare | $8,370 |
CHATHAMS ACADEMY OF MARTIAL ARTS PURPOSE: ChildCare | $6,285 |
KINDERCARE EDUCATION LLC PURPOSE: ChildCare | $9,579 |