Georgias Own Foundation Inc
- Assets
- $226.2k
- Revenue
- $322.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Atlanta, GA
- Founding
- 09/2016
- Data as of
- 12/2021
- EIN
- 47-4818845
Organization Overview
Georgias Own Foundation Inc is located in Atlanta, GA. The organization was established in 2016. According to its NTEE Classification (P12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Georgias Own 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, Georgias Own Foundation Inc generated $322.0k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 15.8% each year . All expenses for the organization totaled $291.1k during the year ending 12/2021. While expenses have increased by 16.3% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Georgias Own Foundation Inc has awarded 20 individual grants totaling $657,518. 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
RAISING FUNDS FOR NON-PROFIT PROGRAMS THAT HELP PEOPLE GET AHEAD, GET INVOLVED, AND OWN THEIR FUTURE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHARITABLE GIVING - TO RAISE FUNDING FOR LOCAL NON-PROFITS PROVIDING CHILDREN, YOUTH, & YOUNG ADULTS EDUCATIONAL AND HEALTH BENEFITS THAT MAKE A DIFFERENCE TO THE COMMUNITIES WE SERVE.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kelly M Garmon Vice President | OfficerTrustee | 2 | $0 |
David A Preter President & Chairperson | OfficerTrustee | 3 | $0 |
Eric S Broome Secretary | OfficerTrustee | 2 | $0 |
Teresa L Martin Treasurer | OfficerTrustee | 2 | $0 |
Marin Kraushaar Executive | Officer | 20 | $0 |
Ed Baker Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $29,600 |
| Fundraising events | $130,000 |
| Related organizations | $80,995 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $72,388 |
| Noncash contributions included in lines 1a–1f | $28,443 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $312,983 |
| Total Program Service Revenue | $0 |
| Investment income | $37 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $9,026 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $322,046 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $265,402 |
| Grants and other assistance to domestic individuals. | $0 |
| 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 | $65 |
| Fees for services: Accounting | $11,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,278 |
| Office expenses | $3,388 |
| Information technology | $4,190 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $322 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $20 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,151 |
| All other expenses | $0 |
| Total functional expenses | $291,066 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,639 |
| Savings and temporary cash investments | $207,974 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $8,000 |
| 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 | $570 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $226,183 |
| Accounts payable and accrued expenses | $300 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $300 |
| Net assets without donor restrictions | $225,883 |
| Net assets with donor restrictions | $0 |
| 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 | $226,183 |
Grants Awarded
Over the last fiscal year, Georgias Own Foundation Inc has awarded $195,691 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
LEAD INC PURPOSE: CHARITABLE CONTRIBUTION | $139,802 |
KENTUCKY STATE TREASURER PUBLIC PROTECTION CABINET PURPOSE: CHARITABLE CONTRIBUTION | $17,884 |
Atlanta, GA PURPOSE: CHARITABLE CONTRIBUTION | $13,441 |
Roswell, GA PURPOSE: CHARITABLE CONTRIBUTION | $12,564 |
Athens, GA PURPOSE: CHARITABLE CONTRIBUTION | $12,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Georgias Own Foundation Inc has recieved totaling $92,717.
| Awarding Organization | Amount |
|---|---|
Georgia's Own Credit Union Atlanta, GA PURPOSE: CHARITABLE CONTRIBUTION | $92,488 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $229 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Camber Foundation Durham, NC | $143,536,160 | $30,406,277 |
Operation Sharing Tennessee Oneida, TN | $4,077,173 | $16,068,695 |
Burger King Mclamore Foundation Inc Miami, FL | $34,345,730 | $7,130,405 |
Foundation For A Greater Opportunity Sunny Isles Beach, FL | $149,453,585 | $25,729,322 |
Foundation For Foster Children Inc Winter Park, FL | $2,698,652 | $3,146,058 |
Generations Inc Memphis, TN | $2,391,169 | $2,284,255 |
Ldg & Lpr Charitable Foundation Jupiter, FL | $11,202,189 | $2,184,628 |
Special Operation Care Fund Inc Atlanta, GA | $332,687 | $2,251,151 |
Svdp Diocesan Council Of Charleston Simpsonville, SC | $683,288 | $1,824,626 |
Boca West Community Charitable Foundation Inc Boca Raton, FL | $673,816 | $1,556,875 |
A Step Ahead Foundation Inc Memphis, TN | $3,137,526 | $2,423,176 |
Autozoner Assistance Fund Inc Memphis, TN | $1,988,697 | $1,522,560 |