Georgia Engineering Foundation Inc
- Assets
- $1.1m
- Revenue
- $152.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Atlanta, GA
- Founding
- 12/1972
- Data as of
- 09/2023
- EIN
- 23-7193629
Organization Overview
Georgia Engineering Foundation Inc is located in Atlanta, GA. The organization was established in 1972. According to its NTEE Classification (U42) the organization is classified as: Engineering, under the broad grouping of Science & Technology and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Georgia Engineering 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 09/2023, Georgia Engineering Foundation Inc generated $152.3k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.3%) each year. All expenses for the organization totaled $103.1k during the year ending 09/2023. As we would expect to see with falling revenues, expenses have declined by (1.4%) per year over the past 6 years. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
GEF EXISTS TO SUPPORT MIDDLE AND HIGH SCHOOL STUDENTS THAT ARE INTERESTED IN ENGINEERING IN GEORGIA. THE FOUNDATION AWARDS SCHOLARSHIPS TO ENGINEERING AND ENGINEERING TECHNOLOGY STUDENTS ANNUALLY. THE MEMBERS OF GEF VOLUNTEER TO SUPPORT OUTSTANDING STEM PROGRAMS SUCH AS FUTURE CITIES COMPETITION AND EXPLORING ENGINEERING AND MORE. THIS IS ACCOMPLISHED BY PROVIDING GRANTS TO PROMOTE MATH, SCIENCE AND ENGINEERING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GEF AWARDED 56 SCHOLARSHIPS TO ENGINEERING AND ENGINEERING TECHNOLOGY STUDENTS FROM GEORGIA. GRANTS WERE PROVIDED TO PROMOTE MATH, SCIENCE AND ENGINEERING TO MIDDLE SCHOOL AND HIGH SCHOOL STUDENTS. ADDITIONALLY GEF VOLUNTEERS THEIR TIME SUPPORTING OUTSTANDING STEM PROGRAMS SUCH AS FUTURE CITIES COMPETITION, EXPLORING ENGINEERING AND MORE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrew Farmer Secretary | OfficerTrustee | 5 | $0 |
John D Prien President/ce | OfficerTrustee | 10 | $0 |
Rendy Tendean Treasurer/cf | OfficerTrustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,875 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $79,837 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $81,712 |
| Total Program Service Revenue | $0 |
| Investment income | $70,573 |
| 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 | $152,285 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $100,000 |
| 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 | $35 |
| Information technology | $3,025 |
| 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 | $103,060 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,602 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $1,051,635 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,056,237 |
| 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 | $1,056,237 |
| 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 | $1,056,237 |
Grants Awarded
Over the last fiscal year, Georgia Engineering Foundation Inc has awarded $11,380 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
BENJ E MAYS ACAD PURPOSE: ENGINEERIN | $500 |
ROCKDALE MAGNET PURPOSE: ENGINEERIN | $500 |
GA SOC PROF ENG PURPOSE: ENGINEERIN | $7,830 |
GSPE NE GA CHAP PURPOSE: ENGINEERIN | $1,550 |
GSPE AUGUSTA CHP PURPOSE: ENGINEERIN | $1,000 |