Greater Atlanta Chamber Foundation Inc
- Assets
- $1.7m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Atlanta, GA
- Founding
- 05/1977
- Data as of
- 12/2021
- EIN
- 58-1285711
Organization Overview
Greater Atlanta Chamber Foundation Inc is located in Atlanta, GA. The organization was established in 1977. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greater Atlanta Chamber 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, Greater Atlanta Chamber Foundation Inc generated $2.1m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $1.7m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.8%) per year over the past 7 years. 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
THE FOUNDATION WAS ESTABLISHED TO FUND SPECIFIC CHAMBER OF COMMERCE ORIENTED PROJECTS THAT ARE DESIGNED TO PROMOTE CHARITABLE AND EDUCATIONAL PROJECTS IN THE CITY OF ATLANTA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHOOSE ATL - MARKETING CAMPAIGN 1) WORKS TO ATTRACT AND RETAIN THE NEXT GENERATION TALENT TO METRO ATLANTA. 2) ATL TOUR: PROVIDES AN OPPORTUNITY TO BRING STUDENTS FROM UNIVERSITIES ACROSS THE COUNTRY TO ATLANTA FOR A DEEP DIVE INTO CULTURE AND OUR INDUSTRIES. 3) AFTER 5: HOST MORE THAN 1000 ATLANTA-BASED INTERNS EACH SUMMER FOR A SERIES OF AFTER WORK EXPERIENCES THAT HELP ILLUSTRATE ATLANTA'S RICH SENSE OF COMMUNITY AND CULTURE. 4) ATLEADERS: OUR YOUNG PROFESSIONAL GROUP THAT PROVIDES ATLANTA'S FUTURE LEADERS WITH ACCESS TO THE BUSINESS COMMUNITY AND A NETWOR OF PEERS. 5) SUPPORT A I-NAV A DIGITAL PLATFORM FOR INTERNSHIPS AND ENTRY LEVEL JOB OPPORTUNITIES TO 38 REGIONAL COLLEGES AND UNIVERSITIES.
EDUCATION (1) FUNDED LEARN4LIFE INITIATIVE AND SUPPORT EXECUTIVE DIRECTOR. (2) FORMED A ROBUST BUSINESS & EDUCATION COALITION TO HELP SHAPE THE IMPLEMENTATION OF GEORGIA'S ESSA PLAN WHICH AFFECTS TENS OF THOUSANDS OF CHILDREN'S EDUCATION EACH YEAR. (3) OUR TEAM SUCCESSFULLY DROVE PASSAGE OF: (A) SENATE BILL (SB) 288, RESTRICTS ACCESS TO CERTAIN CRIMINAL RECORDS WHEN EMPLOYMENT BACKGROUND CHECK ARE PERFORMED WHILE ENSURING EMPLOYER LIABILITY PROTECTION, THUS PROVIDING SECOND CHANGES TO GEORGIANS. (B) SB 294, EXPANDS ALTERNATIVE INVESTMENT OPTIONS FOR THE TEACHER RETIREMENT SYSTEMS OF GEORGIA. (C) SB 367, REDUCES THE NUMBER OF STANDARDIZED TESTS REQUIRED FOR K-12 STUDENTS. (D) HOUSE BILL (HB) 444, MAKES MODEST CHANGES TO THE DUAL ENROLLMENT PROGRAM TO HELP ENSURE SUSTAINABLE GROWTH. (4) HOSTED OPPORTUNITY ATL VIRTUAL CAREER FAIR AND OFFERED PROGRAMS SUCH AS OPPORTUNITY MATCH PROGRAM AND SKILLZ TO SUCCEED. (5) HOSTED NATIONAL SKILLS COALITION. (6) DUE TO COVID-19, WE OFFERED THE PROGRAM VIRTUALLY AND FOR FREE TO INTERNS AT METRO ATLANTA-BASED COMPANIES. WE SCALED THE VIRTUAL PROGRAM BACK TO OFFER FOUR EVENTS OVER FOUR WEEKS THAT WOULD INTRODUCE INTERNS TO METRO ATLANTA'S CAREERS, COMMUNITY AND CULTURE. (7) UPDATED INTERNSHIP TOOLKIT ON MAC SITE AND CHOOSE ATL WEBSITE (8) PROVIDED 1,500 INTERNSHIP AND ENTRY-LEVEL JOB OPPORTUNITIES TO OUR 38 REGIONAL COLLEGES AND UNIVERSITIES THRU I-NAV. (9) UPDATED AND RELEASED YOURTALENTYOURFUTURE REPORT.
TRANSPORTATION (1) HOSTED REGIONAL BUSINESS COALITION OF METROPOLITAN ATLANTA (RBC) AIRPORT TOUR. (2) OUR TEAM SUCCESSFULLY DROVE PASSAGE OF (A) HB 105, SETS THE SALES TAX RATE FOR TAXIS, LIMOS AND RIDESHARES AT 50 CENTS PER RIDE, 25 CENTS FOR POOLED RIDESHARE RIDES. (B) HB 244, AUTHORIZES THE PUBLIC SERVICE COMMISSION TO SET POLE ATTACHMENT FEES CHARGED BY ELECTRIC MEMBERSHIP CORPORATIONS FOR COMMUNICATIONS EQUIPMENT, INCLUDING BROADBAND. (C) HB 511, MAKES ADMINISTRATIVE CHANGES TO GRTA AND ATL AUTHORITIES AND EXTENDS INDEXING OF MOTOR FUEL TAX TO 2025. (D) HB 820, CREATE A FREIGHT RAIL PROGRAM AT GDOT. (E) HR 935, RE-AUTHORIZES THE GEORGIA COMMISSION ON FREIGHT AND LOGISTICS THROUGH DECEMBER 31, 2022.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anna Kirkpatrick President & CEO | OfficerTrustee | 10 | $0 |
Douglas T Ray Chief Financial Officer | Officer | 0 | $0 |
Mary Carol Alexander Director | Trustee | 1 | $0 |
Chris Ahrenkiel Director | Trustee | 1 | $0 |
David Allman Director | Trustee | 1 | $0 |
Vijay Balasubramaniyan Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,075,999 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,075,999 |
| Total Program Service Revenue | $28,250 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,116,249 |
| 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. | $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 | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $26,302 |
| Advertising and promotion | $2,758 |
| Office expenses | $15,874 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $403,500 |
| Travel | $31,104 |
| 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 | $117,923 |
| Total functional expenses | $1,745,602 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,627,976 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $73,313 |
| 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 | $1,701,289 |
| Accounts payable and accrued expenses | $97,739 |
| Grants payable | $0 |
| Deferred revenue | $403,786 |
| 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 | $1,246,973 |
| Total liabilities | $1,748,498 |
| Net assets without donor restrictions | -$625,352 |
| Net assets with donor restrictions | $578,143 |
| 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 | $1,701,289 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Greater Atlanta Chamber Foundation Inc has recieved totaling $690,000.
| Awarding Organization | Amount |
|---|---|
The Arthur M Blank Family Foundation Atlanta, GA PURPOSE: FORWARD ATLANTA 2021-2023 | $400,000 |
The Arthur M Blank Family Foundation Atlanta, GA PURPOSE: FORWARD ATLANTA 2021-2023 | $200,000 |
Cousins Properties Foundation Inc Atlanta, GA PURPOSE: CHARITABLE CONTRIBUTIONS | $50,000 |
Us Chamber Of Commerce Foundation Washington, DC PURPOSE: Grant to communicate importance of data and assessments in K-12 education. | $20,000 |
Paul B And Mildred Seydel Foundation Inc Atlanta, GA PURPOSE: GENERAL FUND | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Philanthropic Impact Foundation Nashville, TN | $919,847 | $18,241,201 |
Aston Park Health Care Center Inc Asheville, NC | $17,105,214 | $12,530,764 |
New Morning Foundation Columbia, SC | $9,598,750 | $10,587,010 |
University Of South Florida Institute Of Applied Engineering I Tampa, FL | $5,205,656 | $9,587,469 |
Swim Across America Inc Charlotte, NC | $6,654,266 | $9,920,780 |
The Legacy Foundation At Shell Point Inc Fort Myers, FL | $5,518,203 | $5,863,574 |
East Lake Foundation Inc Atlanta, GA | $69,998,744 | $30,410,500 |
Schoolseed Foundation Memphis, TN | $5,107,519 | $7,793,603 |
Scintilla Charter Academy Inc Valdosta, GA | $15,718,556 | $7,823,461 |
Tampa-Orlando-Pinellas Jewish Foundation Inc Tampa, FL | $66,534,235 | $10,949,791 |
Wellstar Foundation Inc Marietta, GA | $30,643,336 | $9,116,090 |
Chapters Health Foundation Inc Temple Terrace, FL | $14,703,109 | $7,254,901 |