5 Strong Scholarship Foundation
- Assets
- $62.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Atlanta, GA
- Founding
- 02/2015
- Data as of
- 12/2020
- EIN
- 47-1332851
Organization Overview
5 Strong Scholarship Foundation is located in Atlanta, GA. The organization was established in 2015. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 5 Strong Scholarship 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 12/2020, 5 Strong Scholarship Foundation generated $47.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (52.0%) each year. All expenses for the organization totaled $187.1k during the year ending 12/2020. 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
2020
Describe the Organization's Program Activity:
Part 3
5 STRONG SCHOLARSHIP MADE SIGNIFICANT PROGRESS IN INCREASING THE OVERALL PRESENCE IN THE SCHOLARSHIP FOUNDATION FIELD
5 STRONG SCHOLARSHIP MADE SIGNIFICANT PROGRESS IN INCREASING THE OVERALL PRESENCE IN THE SCHOLARSHIP FOUNDATION FIELD
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carolyn Hill Program Assistant | 43 | $65,894 | |
Sherida Ragland Fundraising Chairperso | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $47,840 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $47,840 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $167,775 |
| Professional fees and other payments to independent contractors | $1,595 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $25 |
| Other expenses | $14,129 |
| Total expenses | $187,124 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $61,975 |
| Other assets | $0 |
| Total assets | $61,975 |
| Total liabilities | $0 |
| Net assets or fund balances | $61,975 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that 5 Strong Scholarship Foundation has recieved totaling $55,007.
| Awarding Organization | Amount |
|---|---|
The Community Foundation For Greater Atlanta Inc Atlanta, GA PURPOSE: EDUCATION | $40,000 |
Community Foundation Of Greater Chattanooga Inc Chattanooga, TN PURPOSE: COLLEGE READY PREP SESSIONS PROGRAM | $10,000 |
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $5,007 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Education Loan Finance Inc Knoxville, TN | $2,281,627,256 | $227,234,757 |
Educational Foundation Inc Chapel Hill, NC | $193,854,804 | $63,834,996 |
Nc Student Aid Association Inc Raleigh, NC | $102,296,557 | $23,877,668 |
Georgia Goal Scholarship Program Inc Peachtree Corners, GA | $58,000,031 | $45,569,079 |
Meeting Street Schools Charleston, SC | $31,326,851 | $31,027,510 |
Georgia State University Athletic Association Inc Atlanta, GA | $12,025,331 | $28,251,593 |
The North Carolina A&t Real Estate Foundation Inc Greensboro, NC | $169,150,909 | $33,021,773 |
Hca Healthcare Foundation Nashville, TN | $97,582,102 | $44,453,527 |
Vinik Family Foundation Tampa, FL | $192,173,639 | $29,773,809 |
The Hartwell Foundation Corporation Memphis, TN | $88,595,532 | $17,280,759 |
Morehead Cain Foundation Chapel Hill, NC | $0 | $13,275,596 |
Education Foundation Scholarship Endowment Trust Chapel Hill, NC | $389,903,195 | $25,351,334 |