Atlanta Committee For Progress Inc
- Assets
- $1.7m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 4
- Location
- Atlanta, GA
- Founding
- 12/2006
- Data as of
- 12/2023
- EIN
- 20-1216496
Organization Overview
Atlanta Committee For Progress Inc is located in Atlanta, GA. The organization was established in 2006. According to its NTEE Classification (S40) the organization is classified as: Business & Industry, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, Atlanta Committee For Progress Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Atlanta Committee For Progress 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 12/2023, Atlanta Committee For Progress Inc generated $1.3m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 4.6% each year. All expenses for the organization totaled $825.0k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Atlanta Committee For Progress Inc has awarded 20 individual grants totaling $2,477,270. 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
ACP IS A GROUP COMMITTED TO IDENTIFYING AND PROVIDING LEADERSHIP ON SELECTED ISSUES IMPORTANT TO DRIVING THE ECONOMIC DEVELOPMENT OF THE CITY OF ATLANTA AND FOR WHICH THE ACP'S ACTIVE INVOLVEMENT WILL MAKE A MAJOR DIFFERENCE. THE ACP HAS A BIAS FOR ACTION AND IS COMMITTED TO ACCOMPLISHING THIS MISSION IN THE MOST EFFECTIVE WAY POSSIBLE. ACCORDINGLY, THE ACP OPERATES BASED ON THE FOLLOWING PRINCIPLES:1. FOCUS PRINCIPALLY ON THE CITY OF ATLANTA BUT COORDINATE ITS ACTIVITIES WITH OTHER ORGANIZATIONS TO ENSURE MAXIMUM IMPACT FOR THE REGION AS A WHOLE.2. FOCUS ON A LIMITED NUMBER OF ISSUES CRITICAL TO ECONOMIC DEVELOPMENT.3. WORK THROUGH EXISTING ORGANIZATIONS TO ACCOMPLISH ITS GOALS WHENEVER POSSIBLE.4. ADDRESS ISSUES WITH ANALYTICAL RIGOR, INCLUDING THE USE OF CLEAR WORK PLANS, METRICS, MILESTONES, AND DEADLINES.5. MAKE DECISIONS THROUGH ITS BOARD OF DIRECTORS, A MEMBER ONLY BODY (NO SUBSTITUTES) CONSISTING OF CHIEF EXECUTIVE-LEVEL POSITION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO COLLABORATE WITH THE CITY OF ATLANTA, ATLANTA TECHNICAL COLLEGE AND ATLANTA PUBLIC SCHOOLS AND VARIOUS OTHER PUBLIC AND PRIVATE INSTITUTIONS IN ORDER TO ADVISE ON AND SUPPORT ECONOMIC DEVELOPMENT; FISCAL ACCOUNTABILITY; INFRASTRUCTURE AND TRANSPORTATION; K-12 PUBLIC EDUCATION; TECHNOLOGY AND INNOVATION; AND CULTURE/QUALITY OF LIFE FOR ALL CITIZENS OF ATLANTA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Colin Connolly Chairperson | OfficerTrustee | 2 | $0 |
David Dorton Secretary | OfficerTrustee | 2 | $0 |
Claire Arnold Treasurer | OfficerTrustee | 2 | $0 |
Ed Bastian Director | Trustee | 2 | $0 |
Dr Brian Blake Director | Trustee | 2 | $0 |
Arthur Blank Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,305,000 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $35,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,340,000 |
| 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 | $1,340,000 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $36,363 |
| 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. | $579,084 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $33,281 |
| Pension plan accruals and contributions | $8,800 |
| Other employee benefits | $542 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,560 |
| Fees for services: Accounting | $3,327 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $33,000 |
| Advertising and promotion | $6,550 |
| Office expenses | $10,846 |
| Information technology | $13,035 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $20,041 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $60,087 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $6,697 |
| All other expenses | $0 |
| Total functional expenses | $825,036 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,490,101 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $240,000 |
| 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 | $1,730,101 |
| Accounts payable and accrued expenses | $33,389 |
| 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 | $33,389 |
| Net assets without donor restrictions | $1,696,712 |
| 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 | $1,730,101 |
Grants Awarded
Over the last fiscal year, Atlanta Committee For Progress Inc has awarded $35,363 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
BELOVED BENEFIT PURPOSE: Unrestricted | $10,000 |
SOLOMONS TEMPLE PURPOSE: Unrestricted | $10,363 |
UNITED NEGRO COLLEGE FUND PURPOSE: Unrestricted | $15,000 |