Central Atlanta Progress Inc
- Assets
- $5.9m
- Revenue
- $3.2m
- Investments
- $0.0
- Employees
- 23
- Location
- Atlanta, GA
- Founding
- 04/1969
- Data as of
- 12/2022
- EIN
- 58-0969893
Organization Overview
Central Atlanta Progress Inc is located in Atlanta, GA. The organization was established in 1969. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Central Atlanta Progress Inc employed 23 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Central Atlanta Progress Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2022, Central Atlanta Progress Inc generated $3.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.5%) each year. All expenses for the organization totaled $2.9m during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO BUILD A 21ST CENTURY DOWNTOWN AS THE HEART OF THE ATLANTA REGION - A VIBRANT COMMUNITY WITH STRONG LEADERSHIP AND SUSTAINABLE INFRASTRUCTURE THAT IS SAFE, LIVABLE, DIVERSE, ECONOMICALLY VIABLE, ACCESSIBLE, CLEAN, HOSPITABLE, AND ENTERTAINING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MARKETING - CAP'S MARKETING EFFORTS HELP TO SHAPE POSITIVE ATTITUDES ABOUT THE ORGANIZATION AND DOWNTOWN ATLANTA AMONG A BROAD AND DIVERSE AUDIENCE. IMPACTFUL TACTICS RANGE FROM SPECIAL EVENTS AND SOCIAL MEDIA PROGRAMMING TO VIDEO PRODUCTION AND PROMOTIONAL PARTNERSHIPS.
CAP ANNUAL MEETING - AT THE ANNUAL MEETING, CAP PRESENTS OURSELVES TO OUR MEMBERS AND POTENTIAL MEMBERS TO SHOW WHAT WE HAVE ACCOMPLISHED AND WHAT WE CAN DO FOR THEM. IT IS OUR PREMIER SHOWCASE EVENT WITH MORE THAN 1,000 ATTENDEES. IT INCLUDES AWARDS FOR DOWNTOWN ADVOCATES AND THE INSTALLATION OF NEW MEMBERS OF THE BOARD OF DIRECTORS.
AFFILIATE SUPPORT SERVICES: PROVIDES MANAGEMENT AND ADMINISTRATIVE SERVICES TO AFFILIATE ORGANIZATIONS WHOSE PURPOSE IS TO PROMOTE AND REVITALIZE DOWNTOWN ATLANTA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eddie Meyers Board Chair | Trustee | 1 | $0 |
Chris Ahrenkiel Board Member | Trustee | 0.5 | $0 |
Douglas Allen Board Member | Trustee | 0.5 | $0 |
Ambrish Baisiwala Board Member | Trustee | 0.5 | $0 |
Joselyn Baker Board Member | Trustee | 0.5 | $0 |
Jerry Banks Board Member | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $978,252 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $978,252 |
| Total Program Service Revenue | $2,193,518 |
| Investment income | $123,221 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$58,340 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,236,651 |
| 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. | $1,071,615 |
| Compensation of current officers, directors, key employees. | $1,071,615 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,034,634 |
| Pension plan accruals and contributions | $37,326 |
| Other employee benefits | $76,736 |
| Payroll taxes | $122,374 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $12,680 |
| Fees for services: Other | $80,789 |
| Advertising and promotion | $15,683 |
| Office expenses | $22,640 |
| Information technology | $50,917 |
| Royalties | $0 |
| Occupancy | $140,375 |
| Travel | $19,338 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $12,621 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $13,414 |
| Insurance | $14,552 |
| All other expenses | $20,201 |
| Total functional expenses | $2,911,580 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $4,630,054 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $715,284 |
| 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 | $38,623 |
| Net Land, buildings, and equipment | $62,793 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $442,251 |
| Total assets | $5,889,005 |
| Accounts payable and accrued expenses | $550,730 |
| Grants payable | $0 |
| Deferred revenue | $145,685 |
| 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 | $541,533 |
| Total liabilities | $1,237,948 |
| Net assets without donor restrictions | $4,651,057 |
| 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 | $5,889,005 |