Sogamott Foundation Inc
- Assets
- $1.0m
- Revenue
- $56.7k
- Investments
- $879.7k
- Employees
- 0
- Location
- Atlanta, GA
- Founding
- 08/2013
- Data as of
- 12/2021
- EIN
- 46-1343688
Organization Overview
Sogamott Foundation Inc is located in Atlanta, GA. The organization was established in 2013. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sogamott 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, Sogamott Foundation Inc generated $56.7k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.9%) each year. All expenses for the organization totaled $61.5k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Sogamott Foundation Inc has awarded 98 individual grants totaling $205,350. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
GIFT TO UNIVERSITY OF GEORGIA FOUNDATION.
GIFT TO UNIVERSITY OF MISISSIPPI FOUNDATON
FAMILIES FIRST
OLD MISS WOMEN'S FOUNDATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elizabeth Wight Quirk Director | 0 | $0 | |
Neal J Quirk Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2 |
| Dividends & Interest | $18,973 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $37,759 |
| Capital Gain Net Income | $37,759 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $56,734 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $169 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $5,859 |
| Total operating and administrative expenses | $7,023 |
| Contributions, gifts, grants paid | $54,500 |
| Total expenses and disbursements | $61,523 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $129,666 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1 |
| Total assets | $1,009,378 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $5,500 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $5,500 |
Grants Awarded
Over the last fiscal year, Sogamott Foundation Inc has awarded $54,500 in support to 27 organizations.
| Grant Recipient | Amount |
|---|---|
Athens, GA PURPOSE: GENERAL SCHOLARSHIP | $29,400 |
University, MS PURPOSE: SCHOLARSHIP | $3,050 |
OLE MISS WOMEN'S COUNCIL FUND PURPOSE: SCHOLARSHIP | $2,100 |
Atlanta, GA PURPOSE: GENERAL PURPOSE | $2,000 |
Thomasville, GA PURPOSE: SCHOLARSHIP | $1,500 |
EAST TN CHILDREN'S HOSPITAL PURPOSE: MEDICAL | $1,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Gerstner Family Foundation Palm Beach, FL | $0 | $14,356,897 |
C And A Johnson Family Foundation Palm Beach, FL | $1,837,672 | $36,829,878 |
Goodnight Educational Foundation Cary, NC | $149,468,750 | $4,782,379 |
Bernard A Egan Foundation Inc Fort Pierce, FL | $114,916,843 | $8,190,041 |
Volo Foundation West Palm Beach, FL | $90,593,574 | $39,243,296 |
Lucy Gooding Charitable Foundation Trust Jacksonville, FL | $96,067,891 | $12,365,661 |
Foundation For A Better World Inc Marietta, GA | $167,606,554 | $6,349,362 |
Raether 1985 Charitable Trust West Palm Beach, FL | $51,858,010 | $28,246,620 |
Charis Foundation Knoxville, TN | $16,682,566 | $7,998,986 |
George Jenkins Foundation Inc Lakeland, FL | $24,813,802 | $4,640,014 |
Skeebo Foundation Charlotte, NC | $58,827,572 | $60,108,534 |
Darnall W Boyd Foundation Inc Columbia, SC | $0 | $6,239,520 |