The Holly Lane Foundation Inc
- Assets
- $8.2m
- Revenue
- $1.2m
- Investments
- $8.2m
- Employees
- 0
- Location
- Atlanta, GA
- Founding
- 12/1972
- Data as of
- 12/2021
- EIN
- 58-0692908
Organization Overview
The Holly Lane Foundation Inc is located in Atlanta, GA. The organization was established in 1972. According to its NTEE Classification (P70) the organization is classified as: Residential Care & Adult Day Programs, 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. Holly Lane 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, Holly Lane Foundation Inc generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.6% each year . All expenses for the organization totaled $499.6k during the year ending 12/2021. While expenses have increased by 17.5% 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
NOT APPLICABLE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cathy Aronoff Exec Dir | 40 | $52,983 | |
Charles A Meriwether Presidentdirector | 5 | $0 | |
Eliot M Arnovitz Director | 1 | $0 | |
Douglas J Hertz Director | 1 | $0 | |
Harold D Berger Sectreasurer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $214,166 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $957,604 |
| Capital Gain Net Income | $957,604 |
| Net ST Capital Gain | $59,248 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $6,867 |
| Total Revenue | $1,178,637 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $52,983 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $20,070 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $35,120 |
| Total operating and administrative expenses | $167,051 |
| Contributions, gifts, grants paid | $332,500 |
| Total expenses and disbursements | $499,551 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $67,174 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $8,150,960 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $11 |
| Total assets | $8,218,145 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $9,866 |
| Total liabilities | $9,866 |
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