Georgia Power Foundation Inc In Receivership
- Assets
- $217.9m
- Revenue
- $10.7m
- Investments
- $215.0m
- Employees
- 0
- Location
- Atlanta, GA
- Founding
- 12/1986
- Data as of
- 12/2023
- EIN
- 58-1709417
Organization Overview
Georgia Power Foundation Inc In Receivership is located in Atlanta, GA. The organization was established in 1986. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Georgia Power Foundation Inc In Receivership 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 12/2023, Georgia Power Foundation Inc In Receivership generated $10.7m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $16.9m during the year ending 12/2023. While expenses have increased by 3.4% per year over the past 9 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 2014, Georgia Power Foundation Inc In Receivership has awarded 6,714 individual grants totaling $158,028,235. 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.
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Board, Officers & Key Employees
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Jp Morgan Chase Investor Services | 12/30/23 | $195,571 |
Ing Clarion | 12/30/23 | $90,970 |
Centerbridge Capital Partners | 12/30/23 | $94,412 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $30,000 |
| Interest on Savings | $466,006 |
| Dividends & Interest | $5,223,658 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4,814,467 |
| Capital Gain Net Income | $4,814,467 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $135,720 |
| Total Revenue | $10,669,851 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $90,493 |
| Taxes | $230,245 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $406,740 |
| Total operating and administrative expenses | $1,878,201 |
| Contributions, gifts, grants paid | $15,011,989 |
| Total expenses and disbursements | $16,890,190 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,571,439 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $39,394,056 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $302,643 |
| Total assets | $217,918,727 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $7,588,763 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $330,291 |
| Total liabilities | $7,919,054 |
Grants Awarded
Over the last fiscal year, Georgia Power Foundation Inc In Receivership has awarded $25,539,477 in support to 843 organizations.
| Grant Recipient | Amount |
|---|---|
100 BLACK MEN OF ATLANTA INC PURPOSE: ANTI VIOLENCE & SOCIAL MEDIA CAMPAIGN | $15,000 |
100 BLACK MEN OF MACON - MIDDLE GEORGIA INC PURPOSE: MENTORING & EDUCATION PROGRAMS | $10,000 |
100 BLACK MEN OF NORTH METRO ATLANTA INC PURPOSE: MEN OF TOMORROW MENTORING PROGRAM | $5,000 |
100 BLACK MEN OF SOUTH METRO INC PURPOSE: REAL MEN GIVING REAL TIME | $5,000 |
101 BLACK MEN OF ATLANTA INC PURPOSE: BEST ACADEMY | $35,000 |
A FRIEND'S HOUSE INC PURPOSE: A FRIEND'S HOUSE TASTE OF HENRY 2023 | $1,000 |