Chattahoochee Tech Foundation Inc
- Assets
- $2.4m
- Revenue
- $629.7k
- Investments
- $1.6m
- Employees
- 0
- Location
- Marietta, GA
- Founding
- 08/1986
- Data as of
- 06/2021
- EIN
- 58-1684206
Organization Overview
Chattahoochee Tech Foundation Inc is located in Marietta, GA. The organization was established in 1986. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chattahoochee Tech 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF CHATTAHOOCHEE TECH FOUNDATION, INC. IS TO ACTIVELY PROMOTE CHATTAHOOCHEE TECHNICAL COLLEGE, SUPPORT ITS STUDENTS, FACULTY AND STAFF, AND PROVIDE SUPPLEMENTAL FUNDING FOR THE INSTITUTE BY WORKING IN PARTNERSHIP WITH INDIVIDUALS, BUSINESS AND INDUSTRY, AND THE COMMUNITY TO PROVIDE A WELL-TRAINED, HIGHLY SKILLED WORKFORCE WHICH CAN: SUPPORT NEW AND EXISTING INDUSTRY, SATISFY CONSTANTLY CHANGING ECONOMIC AND TECHNICAL NEEDS, ENRICH THE QUALITY OF LIFE, ADD VALUE TO THE ENTIRE COMMUNITY, AND ENHANCE THE ECONOMIC DEVELOPMENT OF NORTH CENTRAL GEORGIA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE FINANCIAL SUPPORT TO CHATTAHOOCHEE TECHNICAL COLLEGE AND ITS STUDENTS, FACULTY AND STAFF.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Goddard Chair | OfficerTrustee | 4 | $0 |
Jason Sleeman Treasurer | OfficerTrustee | 4 | $0 |
Allison Krache Giddens Secretary | OfficerTrustee | 4 | $0 |
Rick Kollhoff Vice Chair | OfficerTrustee | 4 | $0 |
Trey Ragsdale III Board Member | Trustee | 1 | $0 |
Susan Stephens Board Member | 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 | $318,387 |
| Noncash contributions included in lines 1a–1f | $31,124 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $318,387 |
| Total Program Service Revenue | $7,000 |
| Investment income | $12,004 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $5,700 |
| Net Gain/Loss on Asset Sales | $286,656 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $629,747 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $197,457 |
| 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 | $7,475 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $13,003 |
| 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 | $3,650 |
| All other expenses | $0 |
| Total functional expenses | $221,585 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $795,907 |
| Pledges and grants receivable | $18,500 |
| 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 | $57,420 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,574,392 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,446,219 |
| 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 | $886,876 |
| Net assets with donor restrictions | $1,559,343 |
| 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 | $2,446,219 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Chattahoochee Tech Foundation Inc has recieved totaling $30,550.
| Awarding Organization | Amount |
|---|---|
Beacon Foundation Charitable Tr Kennesaw, GA PURPOSE: FUND SCHOLARSHIPS, PROVIDE SUPPORT FOR FOUNDATION'S EMERGENCY FUND, AND SERVICES PROVIDED BY THE OFFICE OF STUDENT RESOURCES | $30,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $350 |
Georgia Power Foundation Inc In Receivership Atlanta, GA PURPOSE: 2021 CLUB OF HEARTS CONTRIBUTION- FOUNDATION MATCH | $200 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Georgia Tech Foundation Inc Atlanta, GA | $3,057,656,645 | $246,304,114 |
The University Of Tennessee Foundat Ion Inc Knoxville, TN | $742,610,209 | $198,804,674 |
University Of South Florida Foundation Inc Tampa, FL | $929,677,670 | $144,887,499 |
Auburn University Foundation Auburn, AL | $857,894,187 | $96,896,842 |
Nc State Investment Fund Inc Raleigh, NC | $1,930,063,391 | $166,344,497 |
Florida State University Foundation Inc Tallahassee, FL | $730,089,060 | $57,370,131 |
Spelman College Special Ventures Fund Inc Atlanta, GA | $236,389,415 | $26,274,154 |
University Of South Carolina Educational Foundation Columbia, SC | $607,523,681 | $89,201,263 |
Seminole Boosters Inc Tallahassee, FL | $240,991,921 | $48,392,781 |
University Of Florida Research Foundation Inc Gainesville, FL | $131,218,099 | $46,757,527 |
University Of Central Florida Foundation Inc Orlando, FL | $396,904,531 | $45,984,866 |
Florida International University Foundation Inc Miami, FL | $475,743,772 | $154,605,877 |