German Cultural Foundation
- Assets
- $222.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Atlanta, GA
- Founding
- 07/2010
- Data as of
- 12/2021
- EIN
- 27-1489119
Organization Overview
German Cultural Foundation is located in Atlanta, GA. The organization was established in 2010. According to its NTEE Classification (A23) the organization is classified as: Cultural & Ethnic Awareness, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. German Cultural Foundation 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, German Cultural Foundation generated $121.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.7%) each year. All expenses for the organization totaled $151.0k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.3%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
DONATED MONEY TO CULTIVATE GERMAN AMERICAN CULTURE IN THE U.S.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sabine Genet Executive Director | 20 | $18,000 | |
Benedict Herbst Treasurer & CFO | 5 | $0 | |
Ben Gibson Board Member | 1 | $0 | |
Christian Bollrath Board Member | 1 | $0 | |
Josip Tomasevic Chairman | 5 | $0 | |
Dennis Wagner Vice Chairman | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $163,670 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | -$41,985 |
| Other Revenue | $150 |
| Total Revenue | $121,835 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $18,000 |
| Professional fees and other payments to independent contractors | $1,866 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $11,333 |
| Total expenses | $150,994 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $120,191 |
| Other assets | $0 |
| Total assets | $222,670 |
| Total liabilities | $35,000 |
| Net assets or fund balances | $187,670 |
Grants Awarded
Over the last fiscal year, German Cultural Foundation has awarded $231,494 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
Atlanta, GA PURPOSE: To support German speaking culture in U.S | $75,000 |
Atlanta, GA PURPOSE: To support German speaking culture in U.S | $75,000 |
ATLANTA PUBLIC SCHOOLS PURPOSE: To support German speaking culture in U.S. | $34,247 |
ATLANTA PUBLIC SCHOOLS PURPOSE: To support German speaking culture in U.S. | $34,247 |
GERMAN SCHOOL OF ATLANTA INC PURPOSE: To support German speaking culture in U.S. | $6,500 |
GERMAN SCHOOL OF ATLANTA INC PURPOSE: To support German speaking culture in U.S. | $6,500 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that German Cultural Foundation has recieved totaling $250.
| Awarding Organization | Amount |
|---|---|
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $250 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Roof Above Inc Charlotte, NC | $96,652,711 | $36,113,591 |
Shearim Corp Miami, FL | $110,292 | $3,846,481 |
Nashville International Center For Empowerment Nashville, TN | $897,200 | $2,966,739 |
New Era Culture & Education Center Inc Miramar, FL | $789,322 | $2,032,523 |
Latino Leadership Inc Orlando, FL | $711,924 | $1,637,613 |
Afro-American Cultural Center Inc Charlotte, NC | $10,610,750 | $1,926,817 |
Souls Grown Deep Community Partnership Inc Atlanta, GA | $880,696 | $744,221 |
National Black Arts Festival Inc Atlanta, GA | $1,026,989 | $1,260,210 |
Our Pride Encompasses Nashville Nashville, TN | $362,350 | $788,648 |
Grandfather Mountain Highland Games Inc Linville, NC | $1,465,874 | $680,142 |
Florida Education Association Altamonte Springs, FL | $560,283 | $488,881 |
Hola Community Arts Asheville, NC | $765,095 | $804,752 |