Atlanta Bar Foundation Inc
- Assets
- $801.5k
- Revenue
- $408.4k
- Investments
- $0.0
- Employees
- 1
- Location
- Atlanta, GA
- Founding
- 06/1986
- Data as of
- 05/2023
- EIN
- 58-1676758
Organization Overview
Atlanta Bar Foundation Inc is located in Atlanta, GA. The organization was established in 1986. According to its NTEE Classification (I03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Crime & Legal-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Atlanta Bar 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 05/2023, Atlanta Bar Foundation Inc generated $408.4k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.4%) each year. All expenses for the organization totaled $382.6k during the year ending 05/2023. As we would expect to see with falling revenues, expenses have declined by (1.8%) per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
SEE PAGE 2, PART III
Describe the Organization's Program Activity:
Part 3 - Line 4a
LAWYER REFERRAL SERVICE SECTION OF THE ATLANTA BAR ASSOCIATION PROVIDES GRANTS FOR PRO BONO LEGAL SERVICES FOR THOSE WHO CANNOT AFFORD AN ATTORNEY, BUT NEED LEGAL HELP.
OTHER GRANTS AWARDED INCLUDE MINORITY CLERKSHIP PROGRAM, SCHOLARSHIPS FOR CHILDREN OF POLICE OFFICERS SLAIN IN THE LINE OF DUTY AND VARIOUS OTHER GRANTS RELATED TO THE LEGAL PROFESSION.
GRANTS FROM VARIOUS PRACTICE SECTIONS OF THE ATLANTA BAR ASSOCIATION FOR THE BENEFIT OF RECIPIENTS AS DEEMED APPROPRIATE BY THE SECTION LEADERSHIP.
FUNDING TO THE ATLANTA BAR ASSOCIATION SUMMER LAW INTERNSHIP PROGRAM PROVIDES MENTORING AND SUMMER EMPLOYMENT TO HIGH SCHOOL STUDENTS, THE MAJORITY OF WHOM ARE MINORITIES AND FROM DISADVANTAGED BACKGROUNDS. THE PROGRAM INTRODUCES THE STUDENTS TO THE LEGAL PROFESSION AND THE PRACTICE OF LAW, PROVIDES SUMMER EMPLOYMENT AND MENTORING TO ENSURE SUCCESS IN THEIR SUMMER JOB AND IN FUTURE EMPLOYMENT, ENCOURAGES THEM TO GO TO COLLEGE TO ACHIEVE THEIR INDIVIDUAL GOALS AND PROVIDES MENTORING TO ASSIST THEM IN THIS PROCESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Antonia Roberts Executive Di | Officer | 5 | $20,000 |
Louis R Cohan President | OfficerTrustee | 0.25 | $0 |
Terrence Lee Croft Ex-Officio M | Trustee | 0.25 | $0 |
Paula J Frederick Member At La | Trustee | 0.25 | $0 |
Betsy Cross Griswold Member At La | Trustee | 0.25 | $0 |
Hannibal Heredia Member At La | Trustee | 0.25 | $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 | $355,117 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $355,117 |
| Total Program Service Revenue | $0 |
| Investment income | $21,180 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $32,109 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $408,406 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $259,410 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $20,000 |
| 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 | $1,530 |
| Fees for services: Management | $40,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,950 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,321 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $5,705 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $42,709 |
| Total functional expenses | $382,625 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $222,990 |
| Savings and temporary cash investments | $13,219 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $565,265 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $801,474 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $455,918 |
| Net assets with donor restrictions | $345,556 |
| 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 | $801,474 |
Grants Awarded
Over the last fiscal year, Atlanta Bar Foundation Inc has awarded $67,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
ATLANTA VOLUNTEER LAWYERS FDN PURPOSE: ASSISTANCE | $52,000 |
TRUANCY INTERVENTION PROJECT PURPOSE: ASSISTANCE | $15,000 |