North Georgia Electric Membershipfdn Inc
- Assets
- $311.4k
- Revenue
- $421.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Dalton, GA
- Founding
- 02/2007
- Data as of
- 06/2024
- EIN
- 20-5770279
Organization Overview
North Georgia Electric Membershipfdn Inc is located in Dalton, GA. The organization was established in 2007. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. North Georgia Electric Membershipfdn 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 06/2024, North Georgia Electric Membershipfdn Inc generated $421.6k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $411.4k during the year ending 06/2024. While expenses have increased by 0.2% per year over the past 9 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.
Since 2015, North Georgia Electric Membershipfdn Inc has awarded 153 individual grants totaling $1,181,041. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE FUNDING TO CHARITABLE AND COMMUNITY SERVICE ORGANIZATIONS WITHIN THE NORTH GEORGIA ELECTRIC COOPERATIVE SERVICE AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE FUNDING TO CHARITABLE AND COMMUNITY SERVICE ORGANIZATIONS WITHIN THE NORTH GEORGIA ELECTRIC COOPERATIVE SERVICE AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shay Love Trustee | Trustee | 1 | $0 |
Cindy Parrot Trustee | Trustee | 1 | $0 |
Mary-Margaret Whittington Trustee | Trustee | 1 | $0 |
Bill Scott Vice-Chairman | Trustee | 1 | $0 |
Tim Jones Chairman | Trustee | 1 | $0 |
Kathryn D West CEO | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $421,582 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $26,250 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $421,582 |
| 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 | $421,582 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $385,133 |
| 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 | $0 |
| Fees for services: Legal | $0 |
| 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 | $0 |
| 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 | $26,250 |
| Total functional expenses | $411,383 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $280,600 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $30,783 |
| 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 | $311,383 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $311,383 |
| 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 | $311,383 |
Grants Awarded
Over the last fiscal year, North Georgia Electric Membershipfdn Inc has awarded $225,240 in support to 25 organizations.
| Grant Recipient | Amount |
|---|---|
DOC-UP DALTON ORGANIZATION OF CHURCHES UNITED FOR PEOPLE PURPOSE: FALL GRANT CYCLE 2021 AND SPRING GRANT CYCLE 2022 | $10,000 |
WOODSTATION UNITED METHODIST CHURCH PURPOSE: FALL GRANT CYCLE 2021 AND SPRING GRANT CYCLE 2022 | $6,000 |
PLEASANT GROVE UMC PURPOSE: SPRING GRANT CYCLE 2022 | $8,000 |
UPWARD LIFE MINISTRIES PURPOSE: FALL GRANT CYCLE 2021 AND SPRING GRANT CYCLE 2022 | $10,000 |
CATOOSA COUNTY FOSTER PARENT ASSOCIATION PURPOSE: FALL GRANT CYCLE 2021 AND SPRING GRANT CYCLE 2022 | $10,000 |
CHATTANOOGA AREA FOOD BANK - NORTHWEST GEORGIA BRANCH PURPOSE: FALL GRANT CYCLE 2021 | $10,000 |