Atlanta Resource Foundation Inc
- Assets
- $279.2k
- Revenue
- $984.2k
- Investments
- $0.0
- Employees
- 5
- Location
- Atlanta, GA
- Founding
- 08/1990
- Data as of
- 06/2022
- EIN
- 58-1895227
Organization Overview
Atlanta Resource Foundation Inc is located in Atlanta, GA. The organization was established in 1990. According to its NTEE Classification (S40) the organization is classified as: Business & Industry, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2022, Atlanta Resource Foundation Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Atlanta Resource 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, Atlanta Resource Foundation Inc generated $984.2k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 19.4% each year . All expenses for the organization totaled $1.1m during the year ending 06/2022. While expenses have increased by 20.1% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ENHANCE THE WELFARE OF ATLANTA. THE FOUNDATION ACHIEVES THIS END THROUGH DISCOVERING, ENCOURAGING, NETWORKING, AND EMPOWERING INDIVIDUALS, PROJECTS, AND ORGANIZATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ATLANTA RESOURCE FOUNDATION, INC ASSISTS NEW AND ESTABLISHED ORGANIZATIONS AND INDIVIDUALS WHOSE WORK ENHANCES THE WELFARE AND GOOD OF THE CITY OF ATLANTA, GA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
W Allen Bell Executive Di | Officer | 40 | $136,590 |
Mike Davis Board Member | Trustee | 1 | $0 |
Rob Forrester Board Member | Trustee | 1 | $0 |
Chris Gray Board Member | Trustee | 1 | $0 |
Rawson Haverty Board Chair | Trustee | 1 | $0 |
Andrew Kintz Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $72,081 |
| All other contributions, gifts, grants, and similar amounts not included above | $901,828 |
| Noncash contributions included in lines 1a–1f | $2,259 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $973,909 |
| Total Program Service Revenue | $0 |
| Investment income | $4,484 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $5,807 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $984,200 |
| 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. | $136,590 |
| Compensation of current officers, directors, key employees. | $6,829 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $360,626 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $39,885 |
| Payroll taxes | $13,820 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,125 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,687 |
| Fees for services: Other | $1,407 |
| Advertising and promotion | $0 |
| Office expenses | $9,589 |
| Information technology | $8,620 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $2,949 |
| Conferences, conventions, and meetings | $1,500 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,558 |
| Insurance | $2,303 |
| All other expenses | $54 |
| Total functional expenses | $1,143,242 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,762 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $57,406 |
| 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 | $600 |
| Net Land, buildings, and equipment | $14,469 |
| Investments—publicly traded securities | $194,998 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $279,235 |
| Accounts payable and accrued expenses | $9,502 |
| Grants payable | $0 |
| Deferred revenue | $15,000 |
| 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 | $24,502 |
| Net assets without donor restrictions | $150,684 |
| Net assets with donor restrictions | $104,049 |
| 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 | $279,235 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Atlanta Resource Foundation Inc has recieved totaling $422,438.
| Awarding Organization | Amount |
|---|---|
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: GROWTH | $392,138 |
The Community Foundation For Greater Atlanta Inc Atlanta, GA PURPOSE: COMMUNITY IMPROVEMENT | $8,200 |
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $7,100 |
Solstice Foundation Inc Wilmington, DE PURPOSE: SIMPLY STUDENTS FUND | $5,000 |
Mary E Haverty Foundation 6001100-055799 Marietta, GA PURPOSE: GENERAL PURPOSES | $5,000 |
Solstice Foundation Inc Wilmington, DE PURPOSE: SIMPLY STUDENTS FUND | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Southeast Coastal Ocean Observing Regional Association Charleston, SC | $1,939,455 | $5,560,971 |
Goodie Nation Inc Atlanta, GA | $6,929,090 | $12,181,074 |
Better Business Bureau Of Metropoliton Atlanta Inc Atlanta, GA | $4,995,221 | $6,438,546 |
Better Business Bureau Of Nashville Middle Tennessee Inc Nashville, TN | $1,542,443 | $3,414,512 |
Herman J Russell Center For Innovation And Entrepreneurship In Atlanta, GA | $21,225,162 | $9,072,660 |
Better Business Bureau Of Southern Piedmont Inc Matthews, NC | $2,483,072 | $3,109,120 |
Center For Nonprofit Management Inc Nashville, TN | $2,067,333 | $2,514,298 |
The Better Business Bureau Of Metropolitan Birmingham Incorportd Birmingham, AL | $1,159,880 | $2,115,172 |
Institute For Commercialization Of Florida Technology Inc Tampa, FL | $17,091,469 | $342,694 |
Better Business Bureau Of Eastern Nc Inc Raleigh, NC | $1,763,504 | $1,892,051 |
Atlanta Committee For Progress Inc Atlanta, GA | $1,166,579 | $1,555,000 |
First Flight Venture Center Inc Research Triangle Park, NC | $1,951,913 | $2,093,987 |