Southeastern Council Of Foundations Inc
- Assets
- $2.9m
- Revenue
- $3.5m
- Investments
- $0.0
- Employees
- 9
- Location
- Atlanta, GA
- Founding
- 10/1997
- Data as of
- 12/2021
- EIN
- 56-0995114
Organization Overview
Southeastern Council Of Foundations Inc is located in Atlanta, GA. The organization was established in 1997. As of 12/2021, Southeastern Council Of Foundations Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Southeastern Council Of Foundations 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, Southeastern Council Of Foundations Inc generated $3.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.9% each year. All expenses for the organization totaled $3.0m during the year ending 12/2021. While expenses have increased by 4.0% per year over the past 7 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PHILANTHROPY SOUTHEAST STRENGTHENS SOUTHERN PHILANTHROPY, WELCOMING OUR MEMBERS TO LISTEN, LEARN AND COLLABORATE ON IDEAS AND ACTIONS TO HELP BUILD AN EQUITABLE, PROSPEROUS SOUTH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ANNUAL MEETING - INFORMATION SESSIONS TO PROVIDE PROFESSIONALDEVELOPMENT AND NETWORKING OPPORTUNITIES FOR DIRECTORS, TRUSTEES,MEMBERS, AND OFFICERS OF THE FOUNDATION.
CONSTITUENCY MEETINGS - SEMINARS AND CONFERENCES TO PROVIDEPROFESSIONAL DEVELOPMENT FOR GROUPS OF MEMBERSHIP FOUNDATION WITHCOMMON NEEDS.
THE SOUTH'S PREMIERE PHILANTHROPIC LEADERSHIP DEVELOPMENT PROGRAM-IF YOU LOOK AT TODAY'S LEADERS IN SOUTHERN PHILANTHROPY, YOU'LL SEE MEN AND WOMEN FROM ALL WALKS OF LIFE. THEY WORK AT A VARIETY OF FOUNDATIONS, ALL WITH DIFFERENT VISIONS AND MISSIONS. INCREASINGLY, HOWEVER, THESE LEADERS HAVE ONE THING IN COMMON - THEY WERE MEMBERS OF SECF'S HULL FELLOWS PROGRAM. OF THE MORE THAN 300 GRADUATES OF OUR PREMIERE LEADERSHIP DEVELOPMENT PROGRAM, DOZENS NOW SERVE AS CEOS AND SENIOR EXECUTIVES THROUGHOUT THE REGION. OVER THE COURSE OF A YEAR, THESE THREE ELEMENTS ARE DELIVERED THROUGH IN-PERSON AND VIRTUAL PROGRAMS THAT EXPLORE THE HISTORY OF THE SOUTH, THE LATEST TRENDS AND BEST PRACTICES AND THE MAJOR ISSUES FACING FOUNDATIONS TODAY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Janine Lee President & CEO | Officer | 40 | $319,699 |
Dena Chadwick Executive Vice President | Officer | 40 | $191,619 |
Regan Gruber Moffitt Board Chair | OfficerTrustee | 1.3 | $0 |
Robert Dortch Chair-Elect | OfficerTrustee | 0.8 | $0 |
Jennifer Algire Sec/treasurer | OfficerTrustee | 0.8 | $0 |
Stephanie Cooper-Lewter Governance Chair | OfficerTrustee | 0.8 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,518,281 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $253,525 |
| All other contributions, gifts, grants, and similar amounts not included above | $415,324 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,187,130 |
| Total Program Service Revenue | $1,187,002 |
| Investment income | $10,617 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $14,464 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,483,118 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $511,318 |
| Compensation of current officers, directors, key employees. | $222,273 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $855,415 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $184,554 |
| Payroll taxes | $72,216 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,028 |
| Fees for services: Accounting | $42,342 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,909 |
| Fees for services: Other | $37,955 |
| Advertising and promotion | $0 |
| Office expenses | $248,071 |
| Information technology | $44,754 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $14,733 |
| Total functional expenses | $2,994,074 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,361,830 |
| Savings and temporary cash investments | $911,570 |
| Pledges and grants receivable | $21,921 |
| Accounts receivable, net | $108,371 |
| 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 | $101,473 |
| Net Land, buildings, and equipment | $3,831 |
| Investments—publicly traded securities | $390,320 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $8,271 |
| Total assets | $2,907,587 |
| Accounts payable and accrued expenses | $191,069 |
| Grants payable | $0 |
| Deferred revenue | $204,760 |
| 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 | $239,970 |
| Other liabilities | $151,183 |
| Total liabilities | $786,982 |
| Net assets without donor restrictions | $1,565,935 |
| Net assets with donor restrictions | $554,670 |
| 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 | $2,907,587 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Southeastern Council Of Foundations Inc has recieved totaling $3,000.
| Awarding Organization | Amount |
|---|---|
Marilyn And William Young Charitable Foundation Inc Owensboro, KY PURPOSE: ASSOCIATION SUPPORT | $3,000 |
Endowment Analysis
| Beg. Balance | $370,965 |
| Earnings | $19,514 |
| Admin Expense | $159 |
| Ending Balance | $390,320 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
High Point Realty Associates Inc Durham, NC | $37,211,144 | -$111,209 |
Ewtn Religious Catalogue Inc Irondale, AL | $3,629,804 | $4,970,670 |
Southeastern Council Of Foundations Inc Atlanta, GA | $2,907,587 | $3,483,118 |
Rjjb Family Foundation Mobile, AL | $17,027,541 | $642,164 |
The Littlejohn Family Foundation Savannah, GA | $11,057,486 | $4,634,557 |
The Sexton Family Foundation Vero Beach, FL | $7,841,933 | $8,130,771 |
Sma Healthcare Foundation Inc Daytona Beach, FL | $6,729,042 | $768,502 |
Robert Trent Jones Golf Trail Foundation Birmingham, AL | $529,613 | $668,691 |
Lost Sheep Ministries Inc Knoxville, TN | $704,656 | $432,203 |
Henriksen Charitable Tr Jacksonville, FL | $8,933,847 | $1,460,365 |
Myron & Elaine Adler Private Foundation Inc Palm Beach Gardens, FL | $5,332,652 | $803,694 |
Dr Jack Widrich Foundation Inc Miami Beach, FL | $1,781,738 | $239,480 |