Westside Future Fund
- Assets
- $55.4m
- Revenue
- $4.5m
- Investments
- $0.0
- Employees
- 16
- Location
- Atlanta, GA
- Founding
- 09/2015
- Data as of
- 12/2021
- EIN
- 47-3015082
Organization Overview
Westside Future Fund is located in Atlanta, GA. The organization was established in 2015. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 12/2021, Westside Future Fund employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Westside Future Fund 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, Westside Future Fund generated $4.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 21.3% each year . All expenses for the organization totaled $9.8m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Westside Future Fund has awarded 36 individual grants totaling $9,756,047. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ADVANCE A COMPASSIONATE APPROACH TO NEIGHBORHOOD REVITALIZATION THAT CREATES A DIVERSE, MIXED-INCOME COMMUNITY, IMPROVES THE QUALITY OF LIFE FOR CURRENT AND FUTURE RESIDENTS AND ELEVATES THE HISTORIC WESTSIDE'S UNIQUE HISTORY AND CULTURE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
KEY RESEARCH INDICATES THAT THRIVING COMMUNITIES EXCEL ALONG SEVEN DIMENSIONS. OUR WORK IS FOCUSED ON FOUR: QUALITY MIXED-USE HOUSING AND INCOME, SAFETY AND SECURITY, CRADLE TO CAREER EDUCATION, AND COMMUNITY HEALTH AND WELLNESS.MIXED-INCOME COMMUNITIES: THE WESTSIDE'S NEIGHBORHOODS' RICH HISTORY LIVES WITHIN ITS RESIDENTS. TO RESTORE THE STRENGTH OF THESE HISTORIC NEIGHBORHOODS, WE MUST ENSURE THAT CURRENT RESIDENTS ARE ABLE TO STAY HERE FOR GENERATIONS TO COME. THIS WILL BE POSSIBLE THROUGH QUALITY MIXED-INCOME HOUSING, WHICH HELPS TO SUPPORT FAMILIES, NURTURE COMMUNITY, STIMULATE LOCAL BUSINESSES AND ATTRACT NEW RESIDENTS.
CRADLE TO CAREER EDUCATION: TO TRULY TRANSFORM THE WESTSIDE NEIGHBORHOODS AND ENSURE ATLANTA REMAINS COMPETITIVE AS A SOURCE OF TALENT FOR YEARS TO COME, WE MUST PREPARE THE NEXT GENERATION OF ATLANTANS FOR A BRIGHTER FUTURE THAT ALL STARTS WITH ACCESS TO HIGH-QUALITY EDUCATION AS WELL AS SUPPORT FOR CURRENT RESIDENTS THROUGH SERVICES SUCH AS SKILLS ASSESSMENTS, TRAINING AND JOB READINESS PREPARATION. TO ENSURE THAT EACH CHILD BENEFITS FROM CRADLE-TO-CAREER EDUCATION, WE HAVE PARTNERED WITH HOLLIS ACADEMY, AN ATLANTA PUBLIC SCHOOL, TO DOUBLE THE NUMBER OF TEACHERS IN ITS STEM FOCUSED CURRICULUM.
SAFETY & SECURITY: A STRONG COMMUNITY STARTS WITH RESIDENTS FEELING SAFE. NEIGHBORHOODS THRIVE WHEN RESIDENTS CAN WALK TO SCHOOL, WORK, PARKS OR STORES AND WHEN THEY KNOW AND TRUST THOSE WHO PROTECT AND SERVE THEM.COMMUNITY HEALTH & WELLNESS: THE CONNECTION BETWEEN A COMMUNITY'S ECONOMIC HEALTH AND THE HEALTH OF ITS RESIDENTS HAS BEEN PROVEN TIME AND TIME AGAIN. BY PROVIDING ACCESS TO WELLNESS FACILITIES AND QUALITY PARKS AND GREENSPACE IN WESTSIDE NEIGHBORHOODS, RESIDENTS CAN GET AND STAY HEALTHIER.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Ahmann President/ceo | Officer | 40 | $342,950 |
Rachel Carey Chief Real Estate Officer | Officer | 40 | $223,492 |
Cristel Williams Chief Development Officer | Officer | 40 | $189,000 |
Lee Harrop VP Real Estate Officer | 40 | $180,875 | |
Dr Brenda Dalton COO Thru 9/3/2021 | Officer | 40 | $174,858 |
Marni Pittman Director, Finance & Risk Management | Officer | 40 | $170,509 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Holder Construction Group Llc Construction | 12/30/21 | $2,529,309 |
Kemron Environmental Services Environmental Remediation | 12/30/21 | $1,549,270 |
Oaksatl Community Development Inc Construction | 12/30/21 | $791,467 |
Community Construction Group Llc Construction | 12/30/21 | $555,924 |
Apd Urban Planning & Mgmt Real Estate Consultant | 12/30/21 | $436,260 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $712,604 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,727,574 |
| Noncash contributions included in lines 1a–1f | $19,624 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,440,178 |
| Total Program Service Revenue | $1,038,016 |
| Investment income | $11,541 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$41,958 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,466,187 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,931,565 |
| Grants and other assistance to domestic individuals. | $405,144 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $713,718 |
| Compensation of current officers, directors, key employees. | $303,872 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $327,951 |
| Pension plan accruals and contributions | $10,345 |
| Other employee benefits | $92,429 |
| Payroll taxes | $67,194 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $45,143 |
| Fees for services: Accounting | $59,642 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $70,683 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $927,458 |
| Advertising and promotion | $489,901 |
| Office expenses | $79,117 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $623,838 |
| Travel | $23,917 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $23,038 |
| Interest | $652,283 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $880,225 |
| Insurance | $0 |
| All other expenses | $15,996 |
| Total functional expenses | $9,825,058 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $577,539 |
| Savings and temporary cash investments | $4,134,689 |
| Pledges and grants receivable | $7,654,020 |
| Accounts receivable, net | $199,044 |
| 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 | $330,071 |
| Net Land, buildings, and equipment | $39,796,205 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $2,683,370 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $55,374,938 |
| Accounts payable and accrued expenses | $1,184,267 |
| Grants payable | $0 |
| Deferred revenue | $4,426 |
| 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 | $26,440,844 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $84,719 |
| Total liabilities | $27,714,256 |
| Net assets without donor restrictions | $18,789,590 |
| Net assets with donor restrictions | $8,871,092 |
| 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 | $55,374,938 |
Grants Awarded
Over the last fiscal year, Westside Future Fund has awarded $1,902,449 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
ATLANTA PUBLIC SCHOOLS PURPOSE: EDUCATION; SUPPORT OF SCHOOLS | $841,979 |
Atlanta, GA PURPOSE: HOUSING | $566,370 |
Atlanta, GA PURPOSE: ANTI-DISPLACEMENT, RESIDENT ADVOCACY AND DOMESTIC VIOLENCE SUPPORT SERVICES FOR STUDENT FAMILIES | $165,000 |
Atlanta, GA PURPOSE: COMMUNITY OUTREACH | $158,000 |
Atlanta, GA PURPOSE: COMMUNITY OUTREACH | $75,000 |
NEW CITY US LLC PURPOSE: HOUSING | $30,000 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Westside Future Fund has recieved totaling $1,112,500.
| Awarding Organization | Amount |
|---|---|
Delta Air Lines Foundation Atlanta, GA PURPOSE: GRANT TO SUPPORT AFFORDABLE HOUSING ON THE WESTSIDE ($1.0M) AND GENERAL OPERATING SUPPORT ($0.1M)GRANT TO SUPPORT WESTSIDE FUTURE FUND | $1,100,000 |
Aec Trust Wilmington, DE PURPOSE: WFF PARTNERSHIP WITH APS WASHINGTON CLUSTER: SUPPORTING LOW-INCOME CHILDREN AND YOUTH ON ATLANTA'S HISTORIC WESTSIDE | $7,500 |
J William And Elizabeth S Robinson Foundation Inc Atlanta, GA PURPOSE: TO SUPPORT THE HOLLIS INNOVATION ACADEMY | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Montgomery Community Action Committee Montgomery, AL | $13,253,001 | $19,355,950 |
Economic Improvement Council Inc Edenton, NC | $4,246,156 | $20,948,013 |
Catholic Charities Of Tennessee Inc Nashville, TN | $6,708,389 | $19,282,106 |
Society Of St Vincent De Paul South Pinellas Inc St Petersburg, FL | $20,224,703 | $21,064,190 |
Country Club Of Landfall Wilmington, NC | $36,040,032 | $19,318,350 |
Miracle Hill Ministries Inc Greenville, SC | $35,712,614 | $22,314,976 |
Community Service Programs Of West Alabama Inc Tuscaloosa, AL | $11,169,657 | $19,088,639 |
Catholic Charities Bureau Jacksonville, FL | $12,649,665 | $19,074,889 |
Pee Dee Community Action Agency Florence, SC | $4,501,947 | $18,161,366 |
Action Pathways Inc Fayetteville, NC | $19,024,818 | $19,740,388 |
Southeast Tennessee Human Resource Agency Dunlap, TN | $24,351,699 | $17,068,562 |
Western Carolina Community Action Inc Hendersonville, NC | $8,009,014 | $16,309,816 |