Georgia Resilience And Opportunity Fund Inc is located in Atlanta, GA. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 12/2022, Georgia Resilience And Opportunity Fund Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Georgia Resilience And Opportunity Fund Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
GRO BUILDS BOLD, EVIDENCE-BASED, AND COMMUNITY-INFORMED SOLUTIONS TO ADDRESS THE ROOT CAUSES OF POVERTY AND WORK TOWARD CLOSING THE RACIAL WEALTH GAP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
POLICY LEARNING:THE ORGANIZATION WILL SHARE THE FINDINGS AND RESULTS OF THE IN HER HANDS PROJECT WITH VARIOUS AGENCIES TO EDUCATE THEM ON GUARANTEE INCOME PROGRAMS AND THE RESULTS FOUND FROM THE IN HER HANDS PROJECT. THE GOAL WILL BE EDUCATION. THE ORGANIZATION MAY WRITE WHITE PAPERS OR DO LIMITED ADVOCACY FOR STATE-EARNED INCOME TAX CREDIT. THE ORGANIZATION DOES NOT CONDUCT ANY DIRECT LOBBYING ACTIVITIES, ALTHOUGH THEY WILL LIKELY SPEAK WITH VARIOUS POLITICAL FIGURES FROM TIME TO TIME. THE ORGANIZATION'S MAIN FOCUS WILL BE TO EDUCATE GEORGIA-BASED ORGANIZATIONS AND OTHER ENTITIES WHO ARE INTERESTED IN LEARNING MORE ABOUT THE IN HER HANDS PROJECT AND ITS RESULTS, AS WELL AS THE THEORY AND POLICY BEHIND A GUARANTEED INCOME PROJECT. THIS WORK WILL BE DONE BY ORGANIZATION STAFF AND VOLUNTEERS.
DIRECT SERVICE PROVISION FOR LOW-INCOME WOMEN:IN HER HANDS IS A COLLABORATIVE INITIATIVE OF BOTH THE ORGANIZATION AND GIVE DIRECTLY, AND IT PROVIDES 654 LOW-INCOME WOMEN ACROSS THREE COMMUNITIES IN GEORGIA WITH AN INCOME SUPPLEMENT BY PROVIDING AN AVERAGE OF $850 PER MONTH FOR TWO YEARS.THE PROGRAM SERVES LOW-INCOME WOMEN IN THE OLD FOURTH WARD AREA OF THE CITY OF ATLANTA, SOUTHWESTERN PART OF THE STATE OF GEORGIA, AND COLLEGE PARK. IN HER HANDS WILL NOT JUST PROVIDE A GUARANTEED INCOME FOR TWO YEARS, BUT ALSO THE FOLLOWING BENEFITS TO PARTICIPANTS: COMMUNITY ENGAGEMENT AND OUTREACH; COORDINATION WITH PUBLIC BENEFITS AGENCIES; PROVIDING BENEFITS COUNSELING; DOING EXIT INTERVIEWS TO ESTABLISH THE SUCCESS OF THE PROJECT AND HELP TRANSITION OUT OF IT.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Hope Wollensack Executive Dir. | Officer | 60 | $9,167 |
Amir Farokhi Board Chair | OfficerTrustee | 1 | $0 |
Aisha Nyandoro Board Member | Trustee | 1 | $0 |
Madeline Neighly Board Member | Trustee | 1 | $0 |
Dale Royal Board Member | Trustee | 1 | $0 |
John Simpkins Board Member | Trustee | 1 | $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 | $2,472,288 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $2,472,288 |
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 | $2,472,288 |
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. | $9,166 |
Compensation of current officers, directors, key employees. | $4,583 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $6,000 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $3,208 |
Fees for services: Management | $0 |
Fees for services: Legal | $3,506 |
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 | $8,900 |
Advertising and promotion | $0 |
Office expenses | $1,036 |
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 | $241 |
Total functional expenses | $33,012 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $970,282 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $1,480,000 |
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 | $2,450,282 |
Accounts payable and accrued expenses | $11,006 |
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 | $0 |
Other liabilities | $0 |
Total liabilities | $11,006 |
Net assets without donor restrictions | $2,439,276 |
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 | $2,450,282 |