North Georgia Community Foundation
- Assets
- $106.9m
- Revenue
- $21.7m
- Investments
- $0.0
- Employees
- 10
- Location
- Gainesville, GA
- Founding
- 09/1985
- Data as of
- 12/2022
- EIN
- 58-1610318
Organization Overview
North Georgia Community Foundation is located in Gainesville, GA. The organization was established in 1985. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2023, North Georgia Community Foundation employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. North Georgia Community Foundation 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 12/2022, North Georgia Community Foundation generated $21.7m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 14.4% each year . All expenses for the organization totaled $13.4m during the year ending 12/2022. While expenses have increased by 10.0% per year over the past 8 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.
Since 2015, North Georgia Community Foundation has awarded 1,160 individual grants totaling $94,565,591. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE NORTH GEORGIA COMMUNITY FOUNDATION HELPS PEOPLE AND NON-PROFITS INVEST GENEROUSLY IN THE LIVES OF THOSE WHO CALL OUR COMMUNITY HOME.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS AND SCHOLARSHIPS THE NORTH GEORGIA COMMUNITY FOUNDATION OFFERS OUR DONORS THE OPPORTUNITY TO CREATE A LEGACY BY ESTABLISHING CHARITABLE FUNDS TO MAKE GRANTS TO SUPPORT NONPROFIT ORGANIZATIONS AND CAUSES IMPORTANT TO THEM. IN ADDITION, WE SUPPORT AREA NONPROFITS THROUGH OUR COMMUNITY IMPACT GRANT PROGRAM AND LOCAL STUDENTS THROUGH OUR SCHOLARSHIP PROGRAMS. DURING THE YEAR, WE AWARDED OVER 13 MILLION IN GRANTS AND SCHOLARSHIPS.
SERVICE TO NONPROFITS THE NORTH GEORGIA COMMUNITY FOUNDATION IS COMMITTED TO SUPPORTING LOCAL NONPROFIT ORGANIZATIONS. THE FOUNDATION OFFERS AFFORDABLE OFFICE SPACE TO A WIDE VARIETY OF NONPROFITS. THE NORTH GEORGIA COMMUNITY FOUNDATION NONPROFIT CENTER IS HOME TO 14 LOCAL NONPROFIT ORGANIZATIONS. THROUGH THE NGCF G.R.O.W. PROGRAM, NGCF PROVIDES PROFESSIONAL DEVELOPMENT AND EDUCATIONAL OPPORTUNITIES TO ALL NONPROFITS IN NORTH GEORGIA. THIS ALLOWS NONPROFITS TO STRENGTHEN THEIR OPERATIONS AND BETTER ACHIEVE THEIR MISSIONS.
PROMOTING PHILANTHROPY THE COMMUNITY FOUNDATION PROVIDES PROFESSIONAL ADVISORS WITH THE INFORMATION THEY NEED TO ADD CHARITABLE GIVING AND PHILANTHROPIC PLANNING TO THE DISCUSSIONS THEY HAVE WITH THEIR CLIENTS. BY ACTIVELY WORKING WITH PROFESSIONAL ADVISORS, THE COMMUNITY FOUNDATION IS PROMOTING PHILANTHROPY IN THE NORTH GEORGIA COMMUNITY. THE COMMUNITY FOUNDATION ALSO MAKES PRESENTATION TO LOCAL COMMUNITY GROUPS TO ENCOURAGE PHILANTHROPY AND WORKS CLOSELY WITH FUNDHOLDERS TO HELP THEM MEET THEIR PHILANTHROPIC GOALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michelle Prater President | OfficerTrustee | 40 | $228,159 |
Mark Bell Board Member | Trustee | 1 | $0 |
Chad Black Board Member | Trustee | 1 | $0 |
Tammy Caudell Board Member | Trustee | 1 | $0 |
Steve Cooper Board Member | Trustee | 1 | $0 |
Blair Diaz Chair | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $670,000 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $17,271,942 |
| Noncash contributions included in lines 1a–1f | $2,094,404 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $17,941,942 |
| Total Program Service Revenue | $608,244 |
| Investment income | $2,583,329 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $472,858 |
| Net Income from Fundraising Events | $128,816 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $21,735,189 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $11,042,005 |
| Grants and other assistance to domestic individuals. | $502,825 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $215,319 |
| Compensation of current officers, directors, key employees. | $21,532 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $620,913 |
| Pension plan accruals and contributions | $39,679 |
| Other employee benefits | $120,858 |
| Payroll taxes | $59,578 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $32,724 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,524 |
| Fees for services: Other | $13,897 |
| Advertising and promotion | $36,478 |
| Office expenses | $103,321 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $161,122 |
| Travel | $43,191 |
| 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 | $73,269 |
| Insurance | $27,419 |
| All other expenses | $0 |
| Total functional expenses | $13,407,696 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,342,622 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $315,667 |
| 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 | $20,034 |
| Net Land, buildings, and equipment | $2,430,088 |
| Investments—publicly traded securities | $95,841,547 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,916,081 |
| Total assets | $106,866,039 |
| Accounts payable and accrued expenses | $79,109 |
| Grants payable | $0 |
| Deferred revenue | $20,500 |
| 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 | $5,005,252 |
| Total liabilities | $5,104,861 |
| Net assets without donor restrictions | $96,073,681 |
| Net assets with donor restrictions | $5,687,497 |
| 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 | $106,866,039 |
Grants Awarded
Over the last fiscal year, North Georgia Community Foundation has awarded $12,121,375 in support to 186 organizations.
| Grant Recipient | Amount |
|---|---|
ALFRED UNIVERSITY PURPOSE: EDUCATION | $10,000 |
ALZHEIMER'S ASSOCIATION GEORGIA CHA PURPOSE: HEALTH | $14,000 |
AMERICAN HEART ASSOCIATION PURPOSE: HEALTH | $9,100 |
ALLIANT HEALTH PLANS PURPOSE: HUMAN SERVICES | $6,152 |
AMERICAN LEBANESE SYRIAN ASSOCIATED PURPOSE: HEALTH | $10,000 |
A NEW VETERAN PURPOSE: HUMAN SERVICES | $5,500 |