Cf Foundation Inc
- Assets
- $60.9m
- Revenue
- $5.1m
- Investments
- $0.0
- Employees
- 8
- Location
- Atlanta, GA
- Founding
- 05/1988
- Data as of
- 12/2020
- EIN
- 58-1743909
Organization Overview
Cf Foundation Inc is located in Atlanta, GA. The organization was established in 1988. According to its NTEE Classification (T11) the organization is classified as: Single Organization Support, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Cf Foundation Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cf 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 12/2020, Cf Foundation Inc generated $5.1m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $6.7m during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (7.2%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Cf Foundation Inc has awarded 38 individual grants totaling $9,312,675. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
ORGANIZED & OPERATED TO SUPPORT THE COMMUNITY FOUNDATION FOR GREATER ATLANTA, INC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE C F FOUNDATION, INC DONATES MONEY TO CHARITIES THAT ARE QUALIFIED TO BE SUPPORTED BY THE COMMUNITY FOUNDATION FOR GREATER ATLANTA, INC.
THE C F FOUNDATION, INC SEEKS TO INVEST IN THE DEVELOPMENT OF NEW MODELS OF SOCIAL SERVICE FOR A NEW CENTURY. THE FOUNDATION SEEKS TO SUPPORT ORGANIZATIONS AND ENCOURAGE INITIATIVES:-WHOSE MISSION IS TO CREATE AND SUSTAIN SOCIAL INNOVATION.-THAT ATTACK THE UNDERLYING CAUSES OF PROBLEMS, RATHER THAN SIMPLY TREATING SYMPTOMS SO THAT NEEDS ARE REDUCED NOT JUST MET.-WHOSE IMPACT IS SUSTAINABLE AND MEASURABLE.THE PRIMARY TARGET AREAS FOR INVESTMENT ARE: COMMUNITY DEVELOPMENT IN THE EAST LAKE NEIGHBORHOOD OF ATLANTA GEORGIA; PROGRAMS THAT SUPPORT AND ENCOURAGE INDIVIDUALS WHO HAVE COMMITTED THEMSELVES TO MINISTRY THROUGH EITHER PASTORAL OR SOCIAL WORK; THE ENCOURAGEMENT AND DEVELOPMENT OF FUTURE SOCIAL ENTREPRENEURS - THE NEXT GENERATION OF INNOVATORS WHO ARE COMMITTED TO ADDRESSING SOCIAL CONCERNS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cynthia Kuhlman Education | 40 | $241,529 | |
Rick Bent Employee | 40 | $198,628 | |
Kelly Summers Employee | 40 | $169,696 | |
Chad Medley Employee | 40 | $148,488 | |
Amy Clarke Officer | Officer | 40 | $112,258 |
Lillian C Giornelli Officer/director | OfficerTrustee | 24 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,582,640 |
| Investment income | $1,772,557 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$799,006 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,130,874 |
| Statement of Expenses | |
|---|---|
| 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 to disqualified persons | $0 |
| Other salaries and wages | $805,278 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $33,183 |
| Fees for services: Accounting | $68,571 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $178,654 |
| Fees for services: Other | $63,609 |
| Advertising and promotion | $0 |
| Office expenses | $6,528 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $51,294 |
| Travel | $957 |
| 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 | $5,598 |
| Insurance | $30,626 |
| All other expenses | $0 |
| Total functional expenses | $6,706,332 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $531,136 |
| Savings and temporary cash investments | $4,090,537 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,703,986 |
| 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 |
| Investments—publicly traded securities | $36,661,217 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $16,340,443 |
| Total assets | $60,851,215 |
| Accounts payable and accrued expenses | $47,474 |
| Grants payable | $430,000 |
| 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 | $10,610 |
| Total liabilities | $488,084 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $60,363,131 |
Grants Awarded
Over the last fiscal year, Cf Foundation Inc has awarded $5,324,851 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
Atlanta, GA PURPOSE: GENERAL SUPPORT | $1,744,988 |
Atlanta, GA PURPOSE: GENERAL SUPPORT | $850,000 |
Kennesaw, GA PURPOSE: GENERAL SUPPORT | $850,000 |
Atlanta, GA PURPOSE: GENERAL SUPPORT | $395,652 |
Atlanta, GA PURPOSE: GENERAL SUPPORT | $395,652 |
Boston, MA PURPOSE: GENERAL SUPPORT | $375,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Cf Foundation Inc has recieved totaling $4,572,000.
| Awarding Organization | Amount |
|---|---|
Pga Tour Inc Ponte Vedra Beach, FL PURPOSE: GENERAL SUPPORT | $3,346,000 |
Pga Tour Charities Inc Ponte Vedra Beach, FL PURPOSE: Covid Support | $1,226,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
A J Fletcher Foundation Raleigh, NC | $168,653,502 | $53,698,336 |
Florida Gulf Coast University Financing Corporation Fort Myers, FL | $204,897,690 | $19,327,322 |
Hollingsworth Funds Inc Greenville, SC | $393,513,843 | $12,387,637 |
Dr Phillips Inc Orlando, FL | $219,173,154 | $19,084,709 |
Cf Foundation Inc Atlanta, GA | $60,851,215 | $5,130,874 |
The David Belk Cannon Foundation Gastonia, NC | $0 | $4,765,855 |
W I H Pitts Memorial Fund Ua 1125291 Orlando, FL | $81,861,752 | $8,345,825 |
World Poultry Foundation Inc Tucker, GA | $28,014,565 | $2,601,293 |
Seymour Family Foundation Irrev Charitable Trust Uad 12-21-15 Charlotte, NC | $3,421,952 | $6,290,943 |
Disease Management Network Inc Coral Gables, FL | $1,845,694 | $4,211,323 |
Greater Orlando Childrens Miracle Network Inc Orlando, FL | $3,305,504 | $3,670,113 |
Waterfall Foundation Inc Atlanta, GA | $17,781,141 | $467,284 |