Fintech Atlanta Inc is located in Atlanta, GA. The organization was established in 2018. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fintech Atlanta Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2022, Fintech Atlanta Inc generated $199.5k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (2.2%) each year. All expenses for the organization totaled $199.5k during the year ending 12/2022. 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 INFLUENCE POLICY AND INDUSTRY DEVELOPMENT TO CEMENT ATLANTA AS THE RECOGNIZED GLOBAL CAPITAL OF FINANCIAL TECHNOLOGY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ORGANIZATION-WIDE ACCOMPLISHMENTS. - ADDED THREE NEW BOARD MEMBERS, EXPANDING REACH AND DIVERSIFIED BOARD. - HELD 4 BOARD MEETINGS AND 9 EXECUTIVE COMMITTEE MEETINGS. - EMPLOYED TWO INTERNS THROUGHOUT THE COURSE OF THE YEAR WHO PROVIDED VALUE ACROSS ALL AREAS OF THE ASSOCIATION. WE'RE PLEASED TO SAY THAT BOTH YOUNG PROFESSIONALS SECURED FULL-TIME POSITIONS AFTER COMPLETING THEIR TIME WITH FINTECH ATLANTA. - FUNDRAISING FROM BOARD MEMBERS. - DEVELOPED NEW STRATEGY WITH CLARITY OF MISSION, INCREASED ENGAGEMENT, AND MEASURED IMPACT. INITIATIVE ACCOMPLISHMENTS. INNOVATE - IN NOVEMBER 2022, WE PARTNERED WITH THE GEORGIA FINTECH ACADEMY TO RELAUNCH OUR IN-PERSON STUDENT SUMMIT. HOSTED AT BLACKROCK'S INNOVATION HUB IN MIDTOWN, WE BROUGHT STUDENTS FROM THE UNIVERSITY OF GEORGIA, GEORGIA SOUTHERN UNIVERSITY, GEORGIA STATE UNIVERSITY AND KENNESAW STATE UNIVERSITY FOR A DAY OF LEARNING AND NETWORKING. - ADDITIONALLY, FINTECH ATLANTA MEMBER COMPANIES FLEETCOR, GLOBAL PAYMENTS, GARTNER, AND TRUIST BROUGHT THEIR OFFICES TO THE CLASSROOM BY PARTICIPATING IN THE GENNEXT INSIGHTS PROGRAM WITH UNIVERSITY OF GEORGIA STUDENTS WHO WORKED TO SOLVE THESE COMPANIES' REAL LIFE BUSINESS CHALLENGES. JUST THIS PAST FALL, 150 STUDENTS WORKED WITH SEVEN LEADING FINTECH COMPANIES ON PROJECTS RANGING FROM THE NEXT EVOLUTION OF EMERGING TECHNOLOGY OF PAYMENTS, TO PRACTICAL APPLICATIONS IN THE METAVERSE, TO DECENTRALIZED FINANCE. - SUPPORTED GEORGIA FINTECH ACADEMY AND THEIR INITIATIVES. TALENT - FINTECH ATLANTA HOSTED THREE OF OUR SIGNATURES RUN IT BY THE BUYER PROGRAMS. THESE EVENTS BROUGHT TOGETHER LARGE GEORGIA-BASED CORPORATIONS AND INVESTORS WITH EARLY/GROWTH STAGE FINTECHS TO DISCUSS COMMERCIAL COLLABORATION AND KEY INDUSTRY ISSUES, OPPORTUNITIES, AND CHALLENGES. IN 2022, OUR RUN IT BY THE BUYERS EVENTS SET RECORD BREAKING ATTENDANCE NUMBERS AND ENGAGEMENT. WE PACKED THE ROOMS AT ATLANTIC CAPITAL BANK (NOW SOUTHSTATE), THE HOME DEPOT, AND COMCAST, CONNECTING AUDIENCE ATTENDEES, 17 EARLIER STAGE COMPANIES, AND 15 UNIQUE BUYERS, INCLUDING BLACKROCK, COMCAST, COX, DELUXE, EQUIFAX, FIS, FLEETCOR, GLOBAL PAYMENTS, THE HOME DEPOT, INCOMM, REGIONS BANK, SOUTHSTATE BANK, TRUIST, UPS CAPITAL AND WELLS FARGO. TELLING ATLANTA'S FINTECH STORY - THIS FALL, JUST PRIOR TO GEORGIA'S TAKEOVER OF MONEY 20/20 USA, FINTECH ATLANTA LAUNCHED OUR NEW AND IMPROVED WEBSITE AND SOCIAL MEDIA PRESENCE TO BETTER TELL OUR STORY LOCALLY AND ABROAD. AS A PART OF THIS INITIATIVE, WE ROLLED OUT OUR MOBILE CONTENT STUDIO, CREATING CONTENT AT ACTIVATIONS AROUND THE GLOBE, EDITING IN REAL TIME, AND PUSHING OUT ON SOCIAL MEDIA, CREATING ADDITIONAL EXPOSURE AND CREDIBILITY FOR OUR REGION. - GREW LINKEDIN FOLLOWERS BY 283%. - CONTINUED FTA PARTNER NEWSLETTERS. - EDUCATED THE FTA COMMUNITY WITH THE AUGUST 2022 GARTNER EVENT. - THROUGHOUT THE YEAR, WE ACTIVATED AT EVENTS SUCH AS MONEY 20/20 EUROPE, MONEY 20/20 USA, AND MOST IMPORTANTLY, ATLANTA'S OWN FINTECH SOUTH. THESE ACTIVATIONS SHOWCASED AND SUPPORTED ATLANTA COMPANIES AND TOLD THE STORY GLOBALLY OF WHY OTHER FINTECHS SHOULD DO BUSINESS IN OUR REGION. - HOSTED FOREIGN TRADE AND POLITICAL DELEGATIONS FROM EIGHT KEY COUNTRIES AROUND THE GLOBE. WE USED THESE ENGAGEMENTS AS AN OPPORTUNITY TO REINFORCE ATLANTA'S POSITION AS A GLOBAL CAPITAL FOR FINANCIAL TECHNOLOGY INNOVATION AND LEADERSHIP. PUBLIC POLICY - FINTECH ATLANTA AND OUR MEMBER ORGANIZATIONS HAVE WORKED CLOSELY WITH FOUNDING PARTNER, AMERICAN TRANSACTION PROCESSORS COALITION (ATPC) TO STAY CONNECTED WITH ELECTED OFFICIALS, EDUCATING THEM ON OUR INDUSTRY'S ECONOMIC IMPACT AND ADVOCATING FOR POSITIVE LEGISLATION FOR OUR INDUSTRY. IN MARCH 2022, OUR FINTECH CONTINGENCY HELD A PAYMENTS 101 SESSION FOR THE GEORGIA SENATE BANKING COMMITTEE WHICH WILL BE CONDUCTED AGAIN IN 2023 TO EDUCATE THE MORE THAN 50 NEW MEMBERS OF GEORGIA'S GENERAL ASSEMBLY. - FINTECH ATLANTA, JOINED BY THE ATPC, GEORGIA CHAMBER, AND METRO ATLANTA CHAMBER, SENT A LETTER TO THE GEORGIA CONGRESSIONAL DELEGATION ENCOURAGING THEIR SUPPORT FOR INVESTMENT FROM CONGRESS IN THE MANUFACTURING OF SEMICONDUCTORS DOMESTICALLY. IN JULY 2022, CONGRESS PASSED THE CHIPS AND SCIENCE ACT WHICH DIRECTED APPROXIMATELY $90 BILLION TOWARDS DOMESTIC SEMICONDUCTOR MANUFACTURING.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Charles Freund Board Chair | OfficerTrustee | 0 | $0 |
Scott Anderson Director | Trustee | 0 | $0 |
Sean Banks Director | Trustee | 0 | $0 |
Amy Barbieri Director | Trustee | 0 | $0 |
Marcelo Bernal Director | Trustee | 0 | $0 |
Oliver Burns Director | Trustee | 0 | $0 |
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 | $185,700 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $185,700 |
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 | $199,457 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
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. | $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 | $12,000 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $2,160 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $146,036 |
Advertising and promotion | $0 |
Office expenses | $8,119 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $0 |
Travel | $16,142 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $0 |
All other expenses | $15,000 |
Total functional expenses | $199,457 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $121,821 |
Savings and temporary cash investments | $0 |
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 | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $0 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $121,821 |
Accounts payable and accrued expenses | $35,081 |
Grants payable | $0 |
Deferred revenue | $86,740 |
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 | $121,821 |
Net assets without donor restrictions | $0 |
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 | $121,821 |