Georgia Independent College Association Inc

Organization Overview

Georgia Independent College Association Inc is located in Atlanta, GA. The organization was established in 1958. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. As of 12/2021, Georgia Independent College Association Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Georgia Independent College Association 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, Georgia Independent College Association Inc generated $3.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.6% each year. All expenses for the organization totaled $1.7m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, Georgia Independent College Association Inc has awarded 162 individual grants totaling $4,673,291. 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO RAISE AWARENESS OF GEORGIA'S PRIVATE, LIBERAL ARTS COLLEGES AND UNIVERSITIES; TO INFLUENCE PUBLIC POLICY IN SUPPORT OF HIGHER EDUCATION IN GEORGIA; TO SECURE FUNDS AND OTHER GIFTS FOR THE BENEFIT OF THE MEMBER INSTITUTIONS AND THEIR STUDENTS; TO PROMOTE THE MEMBER INSTITUTIONS AS DISTINCT ALTERNATIVES IN HIGHER EDUCATION.

Describe the Organization's Program Activity:

Part 3 - Line 4a

GRANTS AND ALLOCATIONS: IN ACCORDANCE WITH THE EXECUTIVE COMMITTEE APPROVED DISTRIBUTION OF FUNDS POLICY OF GICA, ALL UNDESIGNATED FUNDS ARE DISTRIBUTED 60 PERCENT EQUALLY TO THE MEMBER COLLEGES AND 40 PERCENT TO SUCH COLLEGES IN PROPORTION TO TOTAL REGULAR, FULL-TIME UNDERGRADUATE ENROLLMENT IN THE COLLEGES OF ARTS AND SCIENCES. DESIGNATED FUNDS ARE DISTRIBUTED TO THE COLLEGES SPECIFIED BY THE DONOR.


COMPLIANCE COLLABORATIVE PROGRAM: THE COMPLIANCE COLLABORATIVE PROGRAM ("CCP") IS A COLLABORATION OF 14 GICA MEMBER INSTITUTIONS TO ASSIST PARTICIPANTS BY PROVIDING TRAINING AND GUIDANCE REGARDING VARIOUS COMPLIANCE-RELATED ISSUES UNDER THE GUIDANCE OF THE COMPLIANCE PROGRAM DIRECTOR. THE IMMEDIATE AREAS OF FOCUS INCLUDE THE AMERICANS WITH DISABILITIES ACT, TITLE IX, THE CLERY ACT, AND THE VIOLENCE AGAINST WOMEN ACT. HOWEVER, THE EXACT TOPICS WILL SHIFT IN ANY GIVEN YEAR WITH THE NEEDS OF THE PARTICIPATING INSTITUTIONS.


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Board, Officers & Key Employees

Name (title)Compensation
Jenna Colvin
President
$216,688
Lisa Macke
Vice President
$93,550
Vivia Fowler
Chair
$0
Keith H Shurbutt
Treasurer
$0
Linda Buchanan
At Large
$0
John Coleman
At Large
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$871,815
Fundraising events$0
Related organizations$0
Government grants $104,300
All other contributions, gifts, grants, and similar amounts not included above$150,400
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$1,126,515
Total Program Service Revenue$119,956
Investment income $996,981
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $758,063
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $3,001,515

Grants Awarded

Over the last fiscal year, Georgia Independent College Association Inc has awarded $568,351 in support to 11 organizations.

Grant RecipientAmount

MERCER UNIVERSITY

Org PageRecipient Profile

Macon, GA

PURPOSE: TO PROVIDE SUPPORT FOR PRIVATE COLLEGES AND UNIVERSITIES IN GEORGIA

$103,938

Mount Berry, GA

PURPOSE: TO PROVIDE SUPPORT FOR PRIVATE COLLEGES AND UNIVERSITIES IN GEORGIA

$66,075

BRENAU UNIVERSITY

Org PageRecipient Profile

Gainesville, GA

PURPOSE: TO PROVIDE SUPPORT FOR PRIVATE COLLEGES AND UNIVERSITIES IN GEORGIA

$62,311

OGLETHORPE UNIVERSITY

PURPOSE: TO PROVIDE SUPPORT FOR PRIVATE COLLEGES AND UNIVERSITIES IN GEORGIA

$58,163

PIEDMONT COLLEGE

PURPOSE: TO PROVIDE SUPPORT FOR PRIVATE COLLEGES AND UNIVERSITIES IN GEORGIA

$57,347

SHORTER UNIVERSITY

Org PageRecipient Profile

Rome, GA

PURPOSE: TO PROVIDE SUPPORT FOR PRIVATE COLLEGES AND UNIVERSITIES IN GEORGIA

$56,151
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Georgia Independent College Association Inc has recieved totaling $6,000.

Awarding OrganizationAmount
William E Honey Foundation Inc

Conyers, GA

PURPOSE: UNRESTRICTED

$3,000
Colonial Foundation Inc

Savannah, GA

PURPOSE: CONTRIBUTION

$3,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$16,030,963
Earnings$2,490,544
Admin Expense$63,176
Net Contributions$95,665
Grants$551,214
Ending Balance$18,002,782

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