The Technical College System Of Georgia Foundation Inc
- Assets
- $3.2m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Atlanta, GA
- Founding
- 08/1989
- Data as of
- 06/2022
- EIN
- 58-1813104
Organization Overview
The Technical College System Of Georgia Foundation Inc is located in Atlanta, GA. The organization was established in 1989. According to its NTEE Classification (B60) the organization is classified as: Adult Education, 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. Technical College System Of Georgia 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, Technical College System Of Georgia Foundation Inc generated $2.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.7% each year . All expenses for the organization totaled $1.4m during the year ending 06/2022. While expenses have increased by 3.6% per year over the past 7 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 2016, Technical College System Of Georgia Foundation Inc has awarded 31 individual grants totaling $949,247. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT THE TECHNICAL COLLEGE SYSTEM OF GEORGIA THROUGH MARKETING, ADVOCACY AND FUNDRAISING TO BENEFIT COLLEGE STUDENTS, PROGRAMS, AND FACULTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE GRETCHEN K. CORBIN LAST MILE FUND PROVIDES FINANCIAL ASSISTANCE FOR STUDENTS AT RISK OF BEING UNENROLLED DUE TO OWING $500 OR LESS IN TUITION, FEES, OR OTHER ACADEMIC EXPENSES. THIS GAP FUNDING HELPS REMOVE FINANCIAL BARRIERS PREVENTING STUDENTS FROM MAKING PROGRESS TOWARDS THEIR CHOSEN TECHNICAL CERTIFICATE, DIPLOMA OR DEGREE.
VARIOUS PROGRAMS, INCLUDING OUTREACH TO HIGH SCHOOL STUDENTS AND VETERANS, SUPPORT FOR DEVELOPMENT OF COLLEGE AND CAREER ACADEMY PROGRAMS, AND ADVERTISING AND REBRANDING CAMPAIGN FOR TCSG.
THE GEORGIA OCCUPATIONAL AWARD OF LEADERSHIP (GOAL) PROGRAM FOCUSES ON EXCELLENCE IN TECHNICAL EDUCATION. DURING GOAL WEEK, AS DECLARED AND NAMED BY OUR GOVERNOR, OUTSTANDING STUDENTS ATTENDING GEORGIA TECHNICAL COLLEGES AND DIVISIONS ARE RECOGNIZED FOR ACADEMIC EXCELLENCE. FROM THIS GROUP OF STUDENTS, A PANEL OF JUDGES SELECTS ONE STUDENT, THE STATE GOAL WINNER, TO SERVE AS THE STATEWIDE STUDENT OF THE YEAR AND AMBASSADOR FOR TECHNICAL EDUCATION IN GEORGIA. GOAL IS WHERE GEORGIA BUSINESS, GOVERNMENT AND INDUSTRY LEADERS JOIN OUR TECHNICAL COLLEGES TO CELEBRATE TECHNICAL EDUCATION VITAL IMPACT ON GEORGIA'S WORKFORCE, PROSPERITY AND FUTURE. GOAL STRIVES TO STIMULATE THE COMMUNITY INTEREST IN AND KNOWLEDGE OF TECHNICAL EDUCATION BY RECOGNIZING OUTSTANDING STUDENT TALENT AS WELL AS STRENGTHENING THE ASSOCIATION BETWEEN EDUCATOR AND THE BUSINESS COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kelsey Bassett Executive Dir. | Officer | 50 | $0 |
Dan Linginfelter President | OfficerTrustee | 2 | $0 |
Sloane Evans Treasurer | OfficerTrustee | 2 | $0 |
Aleisa Howell Former Presidnt | OfficerTrustee | 1 | $0 |
Rick Douglas Trustee | Trustee | 1 | $0 |
Lindsay Bridges Trustee | 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 | $1,963,565 |
| Noncash contributions included in lines 1a–1f | $1,030 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,963,565 |
| Total Program Service Revenue | $33,000 |
| Investment income | $8,956 |
| 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 | $2,016,971 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 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 | $6,789 |
| Fees for services: Accounting | $30,065 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $10,537 |
| Advertising and promotion | $0 |
| Office expenses | $1,356 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,030 |
| Travel | $27,585 |
| 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 | $1,184 |
| All other expenses | $114,776 |
| Total functional expenses | $1,419,279 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,632,854 |
| Savings and temporary cash investments | $1,294,906 |
| 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 | $250,737 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,178,497 |
| Accounts payable and accrued expenses | $123,002 |
| 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 | $132,317 |
| Total liabilities | $255,319 |
| Net assets without donor restrictions | $770,960 |
| Net assets with donor restrictions | $2,152,218 |
| 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 | $3,178,497 |
Grants Awarded
Over the last fiscal year, The Technical College System Of Georgia Foundation Inc has awarded $174,769 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
ATHENS TECHNICAL COLLEGE PURPOSE: Achieving the DreamLast Mile Fund | $14,166 |
ALBANY TECHNICAL COLLEGE PURPOSE: Achieving the Dream Last Mile Fund | $11,631 |
CENTRAL GA TECH COLLEGE FOUND PURPOSE: Achieving the Dream Last Mile Fund | $14,337 |
CHATTAHOOCHEE TECH FOUNDATION PURPOSE: Lst Mile Fund Emerging Scholars | $6,060 |
GWINNETT TECH FOUNDATION PURPOSE: Last Mile Fund Pless Veterans | $7,572 |
AUGUSTA TECHNICAL COLLEGE FOUND PURPOSE: Last Mile Fund Pless Veterans | $5,073 |