Georgia Highlands College Foundation Inc
- Assets
- $18.6m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 2
- Location
- Rome, GA
- Founding
- 09/1974
- Data as of
- 06/2023
- EIN
- 23-7332373
Organization Overview
Georgia Highlands College Foundation Inc is located in Rome, GA. The organization was established in 1974. According to its NTEE Classification (B41) the organization is classified as: Two-Year Colleges, under the broad grouping of Education and related organizations. As of 06/2023, Georgia Highlands College Foundation Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Georgia Highlands 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 06/2023, Georgia Highlands College Foundation Inc generated $1.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.9%) each year. All expenses for the organization totaled $807.4k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (5.9%) per year over the past 8 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
TO BE AN ADVOCATER FOR THE COLLEGE AND TO SEEK, RECEIVE, INVEST, ACCOUNT FOR AND ALLOCATE PRIVATE GIFTS AND CONTRIBUTIONS IN SUPPORT OF GEORGIA HIGHLANDS COLLEGE. THIS HAS BEEN ACCOMPLISHED THROUGH THE REGENTS SCHOLARSHIP GALA USG FOUNDATION, CORPORATE PARTNERSHIP DRIVE, ANNUAL LETTER CAMPAIGN, FACULTY STAFF CAMPAIGN, AND FACE TO FACE MEETINGS WITH DONORS BY THE COLLEGE AND BY GHC FOUNDATION BOARD OF TRUSTEES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE SCHOLARSHIPS AND SUPPORT GEORGIA HIGHLANDS COLLEGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Liz Jones Secretary, Executive Direc | OfficerTrustee | 10 | $62,281 |
Sarah Bradfield Executive Director Of Development | OfficerTrustee | 10 | $0 |
Randy Quick Chair / Treasurer | OfficerTrustee | 1 | $0 |
Greg Patton Past Chair | Trustee | 1 | $0 |
Luke Lester Trustee | Trustee | 1 | $0 |
Cindy Williams Trustee | Trustee | 1 | $0 |
Financial Statements
| 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 | $306,600 |
| Noncash contributions included in lines 1a–1f | $13,070 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $306,600 |
| Total Program Service Revenue | $760,191 |
| Investment income | $69,054 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$5,985 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,130,739 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $318,309 |
| Grants and other assistance to domestic individuals. | $100,406 |
| 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 | $435 |
| Fees for services: Accounting | $29,730 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $29,496 |
| Fees for services: Other | $44,037 |
| Advertising and promotion | $1,071 |
| Office expenses | $1,326 |
| 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 | $246,120 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $270 |
| Insurance | $1,448 |
| All other expenses | $1,983 |
| Total functional expenses | $807,377 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,349,316 |
| Savings and temporary cash investments | $71,363 |
| 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 | $3,378,448 |
| Investments—other securities | $0 |
| Investments—program-related | $12,922,766 |
| Intangible assets | $0 |
| Other assets | $862,385 |
| Total assets | $18,584,278 |
| 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 | $13,506,712 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $19,930 |
| Total liabilities | $13,526,642 |
| Net assets without donor restrictions | $1,089,176 |
| Net assets with donor restrictions | $3,968,460 |
| 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 | $18,584,278 |
Grants Awarded
Over the last fiscal year, Georgia Highlands College Foundation Inc has awarded $56,266 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
GHC STUDENT CENTER LLC PURPOSE: INSTITUTIONAL SUPPORT | $10,000 |
GEORGIA HIGHLANDS COLLEGE PURPOSE: INSTITUTIONAL SUPPORT, ATHLETIC PROGRAM SUPPORT, SCHOLARSHIP FUNDING, NURSING PROGRAM FUNDING, AND ALUMNI ASSOCIATION SUPPORT. | $46,266 |