North Georgia Technical College Foundation Inc

Organization Overview

North Georgia Technical College Foundation Inc is located in Clarkesville, GA. The organization was established in 2005. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. North Georgia Technical College Foundation 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, North Georgia Technical College Foundation Inc generated $758.6k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.1% each year . All expenses for the organization totaled $640.0k during the year ending 12/2021. While expenses have increased by 10.2% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

NORTH GEORGIA TECHNICAL COLLEGE FOUNDATION INC WAS FORMED TO PROVIDE SUPPORT TO NORTH GEORGIA TECHNICAL COLLEGE THROUGH SCHOLARSHIPS TO STUDENTS AND SUPPORT FOR STUDENT ACTIVITIES,SPORTS AND RECREATION. IN ADDITION, FUNDING IS PROVIDED TO UPGRADE EQUIPMENT FOR INSTRUCTIONAL PROGRAMS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE FOUNDATION PROVIDES SUPPORT TO NORTH GEORGIA TECHNICAL COLLEGE THROUGH SCHOLARSHIPS, SUPPORT OF STUDENT ACTIVITIES, SPORTS AND RECREATION FOR STUDENTS AND UPGRADES OF EQUIPMENT USED IN INSTRUCTIONAL PROGRAMS.


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Board, Officers & Key Employees

Name (title)Compensation
Jana Cheek
Chairman
$0
Jason Hogan
Vice-Chair
$0
Stewart Sayer
Treasurer
$0
Kelly Jones
Secretary
$0
Whit Diggs
Trustee
$0
Hilda Burke
Trustee
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$165,585
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$360,859
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$526,444
Total Program Service Revenue$0
Investment income $21,919
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $210,286
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $758,649

Grants Recieved

Over the last fiscal year, we have identified 6 grants that North Georgia Technical College Foundation Inc has recieved totaling $80,500.

Awarding OrganizationAmount
$50,000
Harbin Family Foundation Inc

Martin, GA

PURPOSE: PROVIDE FUNDING FOR A NEW GYM.

$10,000
Schwab Charitable Fund

San Francisco, CA

PURPOSE: EDUCATION

$5,500
Gail And Ben Cheek Foundation

Chicago, IL

PURPOSE: GENERAL

$5,000
Peach State Fcu Cares Foundation Inc

Lawrenceville, GA

PURPOSE: ORGANIZATIONAL SUPPORT

$5,000
Telford Family Foundation Inc

Wilson, NC

PURPOSE: OPERATING

$5,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$839,904
Ending Balance$902,750

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