Georgia Piedmont Technical College Foundation Inc
- Assets
- $290.2k
- Revenue
- $256.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Clarkston, GA
- Founding
- 11/1987
- Data as of
- 06/2022
- EIN
- 58-1746961
Organization Overview
Georgia Piedmont Technical College Foundation Inc is located in Clarkston, GA. The organization was established in 1987. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, 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. Georgia Piedmont Technical College 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 06/2022, Georgia Piedmont Technical College Foundation Inc generated $256.6k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.0%) each year. All expenses for the organization totaled $216.9k during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE GEORGIA PIEDMONT TECHNICAL COLLEGE FOUNDATION, INC. IS: (1) TO PROMOTE THE CAUSE OF POST-SECONDARY TECHNICAL AND ADULT EDUCATION, (2) TO HELP SUPPORT EDUCATIONAL OPPORTUNITIES FOR THE CONSTITUENTS OF GEORGIA PIEDMONT TECHNICAL COLLEGE, AND (3) TO ACQUIRE AND ADMINISTER FUNDS DEVOTED TO THE MISSION OF GEORGIA PIEDMONT TECHNICAL COLLEGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE GEORGIA PIEDMONT TECHNICAL COLLEGE FOUNDATION PROVIDED SUPPORT TO 462 STUDENTS OF GEORGIA PIEDMONT TECHNICAL COLLEGE TO PROMOTE THEIR TECHNICAL EDUCATION AND EXPAND THEIR EDUCATIONAL OPPORTUNITIES. THIS SUPPORT INCLUDES SCHOLARSHIPS AND AWARDS TO RECOGNIZE AND REWARD OUTSTANDING STUDENTS, AND GRANTS TO PROVIDE ASSISTANCE IN TIMES OF DIFFICULTY IN ORDER TO CONTINUE THEIR ENDEAVORS TO FULFILL THEIR EDUCATION DREAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Valentino Bates Treasurer | OfficerTrustee | 0.5 | $0 |
Terrell Gibbs Chair | OfficerTrustee | 0.75 | $0 |
Jill Oldham Secretary | OfficerTrustee | 0.5 | $0 |
Cory Thompson Executive Director | OfficerTrustee | 30 | $0 |
Ruth Wilson Vice Chair | OfficerTrustee | 0.5 | $0 |
Norma J Johnson Trustee | Trustee | 0.5 | $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 | $253,074 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $253,074 |
| Total Program Service Revenue | $0 |
| Investment income | $633 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $256,557 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $180,879 |
| 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 | $11,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,072 |
| Office expenses | $333 |
| 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 | $1,080 |
| All other expenses | $0 |
| Total functional expenses | $216,888 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $251,592 |
| Savings and temporary cash investments | $0 |
| 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 | $38,649 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $290,241 |
| 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 | $19,649 |
| Net assets with donor restrictions | $270,592 |
| 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 | $290,241 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Georgia Piedmont Technical College Foundation Inc has recieved totaling $149,217.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $95,000 |
The Merancas Foundation Inc Charlotte, NC PURPOSE: TECHNICAL COLLEGE FOUNDATION STUDENT | $50,000 |
Georgia Power Foundation Inc In Receivership Atlanta, GA PURPOSE: STUDENT SUCCESS GRANT | $3,000 |
Charter Foundation Inc West Point, GA PURPOSE: SCHOLARSHIP | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $217 |
Endowment Analysis
| Beg. Balance | $54,058 |
| Earnings | -$7,534 |
| Net Contributions | $749 |
| Grants | $2,000 |
| Ending Balance | $45,273 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Education Loan Finance Inc Knoxville, TN | $2,281,627,256 | $227,234,757 |
Educational Foundation Inc Chapel Hill, NC | $193,854,804 | $63,834,996 |
Nc Student Aid Association Inc Raleigh, NC | $102,296,557 | $23,877,668 |
Georgia Goal Scholarship Program Inc Peachtree Corners, GA | $58,000,031 | $45,569,079 |
Meeting Street Schools Charleston, SC | $31,326,851 | $31,027,510 |
Georgia State University Athletic Association Inc Atlanta, GA | $12,025,331 | $28,251,593 |
The North Carolina A&t Real Estate Foundation Inc Greensboro, NC | $169,150,909 | $33,021,773 |
Hca Healthcare Foundation Nashville, TN | $97,582,102 | $44,453,527 |
Vinik Family Foundation Tampa, FL | $192,173,639 | $29,773,809 |
The Hartwell Foundation Corporation Memphis, TN | $88,595,532 | $17,280,759 |
Morehead Cain Foundation Chapel Hill, NC | $0 | $13,275,596 |
Education Foundation Scholarship Endowment Trust Chapel Hill, NC | $389,903,195 | $25,351,334 |