Advance Dekalb Inc
- Assets
- $567.1k
- Revenue
- $234.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Decatur, GA
- Founding
- 04/2019
- Data as of
- 12/2021
- EIN
- 83-2190285
Organization Overview
Advance Dekalb Inc is located in Decatur, GA. The organization was established in 2019. According to its NTEE Classification (S12) the organization is classified as: Fund Raising & Fund Distribution, 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. Advance Dekalb 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, Advance Dekalb Inc generated $234.1k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 37.8% each year . All expenses for the organization totaled $127.8k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
ADVANCE DEKALB IS A 501(C)(3) NONPROFIT COMMITTED TO THE ECONOMIC STRENGTH OF DEKALB COUNTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ADVANCE DEKALB IS SUPPORTED BY PUBLIC AND PRIVATE INVESTORS AND CIVIC AND BUSINESS LEADERS TO DRIVE DECIDE DEKALB'S VISION OF GROWING OF JOBS, BUSINESSES, AND CAPITAL INVESTMENT; FOSTERING WORKFORCE DEVELOPMENT THAT INTEGRATES COMPANIES' NEEDS WITH TRAINING ORGANIZATIONS AND EDUCATIONAL INSTITUTIONS; AND IMPLEMENTING A SOUND INFRASTRUCTURE SYSTEM TO REVITALIZE THE COMMUNITY WITH CATALYTIC REDEVELOPMENT PROJECTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ryan Millsap Chair | OfficerTrustee | 1 | $0 |
Kirby Thompson Vice Chair | OfficerTrustee | 1 | $0 |
Trey Ragsdale Secretary | OfficerTrustee | 1 | $0 |
Al Edwards Treasurer | OfficerTrustee | 1 | $0 |
Theresa Austin-Gibbons Member | Trustee | 1 | $0 |
Dr Scott Boden Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $21,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $213,100 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $234,100 |
| 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 | $234,100 |
| 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 | $100,000 |
| Fees for services: Legal | $4,040 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $3,309 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Total functional expenses | $127,839 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $361,312 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $105,750 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $100,000 |
| 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 | $567,062 |
| Accounts payable and accrued expenses | $124,325 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $275,920 |
| Other liabilities | $0 |
| Total liabilities | $400,245 |
| Net assets without donor restrictions | $166,817 |
| 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 | $567,062 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Advance Dekalb Inc has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Emory University Atlanta, GA PURPOSE: DONATION | $5,000 |
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|---|---|---|
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Olympia Center Inc Miami, FL | $304,920 | $1,191,186 |
Mid-South Resource Conservation And Development Council Inc Montgomery, AL | $756,293 | $878,672 |
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Yah-Yah Girls Inc Punta Gorda, FL | $180,036 | $218,438 |
Downtown Kingsport Association Inc Kingsport, TN | $120,764 | $158,092 |
Hoover Helps Hoover, AL | $125,587 | $165,616 |
Oak Ridge Rotary Community Fund Oak Ridge, TN | $26,782 | $13,113 |
One Spark Inc Jacksonville, FL | $0 | $0 |