Community Foundation Of Central Georgia Inc
- Assets
- $156.2m
- Revenue
- $20.5m
- Investments
- $0.0
- Employees
- 6
- Location
- Macon, GA
- Founding
- 01/1994
- Data as of
- 06/2022
- EIN
- 58-2053465
Organization Overview
Community Foundation Of Central Georgia Inc is located in Macon, GA. The organization was established in 1994. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2022, Community Foundation Of Central Georgia Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Foundation Of Central Georgia 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, Community Foundation Of Central Georgia Inc generated $20.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.0% each year . All expenses for the organization totaled $12.6m during the year ending 06/2022. While expenses have increased by 9.4% 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 QUALITY OF LIFE FOR THE PEOPLE OF CENTRAL GEORGIA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE ARE A COMMUNITY FOUNDATION,OFFERING OUR DONORS THE OPPORTUNITY TO CREATE A LASTING LEGACY BY ESTABLISHING THEIR OWN CHARITABLE FUNDS AND TO SUPPORT THE CAUSES IN WHICH THEY BELIEVE. OUR ASSETS ARE ADMINISTERED EXCLUSIVELY FOR CHARITABLE PURPOSES,PRIMARILY FOR THE BENEFIT OF THE TWENTY-ONE COUNTIES COMPRISING THE CENTRAL GEORGIA REGION. WE SUPPORT AREA NONPROFITS THROUGH OUR NONPROFIT GRANT PROGRAM AND AREA STUDENTS THROUGH OUR SCHOLARSHIP PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathryn H Dennis Pres & Bd Memb | OfficerTrustee | 40 | $194,475 |
Harriet W Hamilton Exec Vice President | 40 | $154,734 | |
Julia Wood VP Of Devel Svcs | 40 | $108,160 | |
Robert F Hatcher Jr Board Chairman | OfficerTrustee | 2 | $0 |
Steve L Kruger Treasurer | OfficerTrustee | 1 | $0 |
Theresa L Robinson Secretary | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mason Inv Adv Svcinc Invest Mgt & Consult | 6/29/22 | $318,364 |
Merrill Lynch Invest Management | 6/29/22 | $290,841 |
Truist Invest Management | 6/29/22 | $131,238 |
Morgan Stanley Invest Management | 6/29/22 | $109,225 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,500,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $10,081,051 |
| Noncash contributions included in lines 1a–1f | $3,268,152 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,581,051 |
| Total Program Service Revenue | $0 |
| Investment income | $4,805,419 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,147,895 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $20,534,365 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $9,939,603 |
| Grants and other assistance to domestic individuals. | $400,740 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $373,834 |
| Compensation of current officers, directors, key employees. | $140,274 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $295,931 |
| Pension plan accruals and contributions | $58,585 |
| Other employee benefits | $50,476 |
| Payroll taxes | $43,753 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $11,269 |
| Fees for services: Accounting | $26,614 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $877,339 |
| Fees for services: Other | $63,537 |
| Advertising and promotion | $0 |
| Office expenses | $18,182 |
| Information technology | $89,521 |
| Royalties | $0 |
| Occupancy | $48,902 |
| Travel | $6,478 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,415 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,266 |
| Insurance | $14,222 |
| All other expenses | $51,957 |
| Total functional expenses | $12,630,940 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $76,850 |
| Savings and temporary cash investments | $10,477,744 |
| 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 | $228,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $215,117 |
| Net Land, buildings, and equipment | $4,532 |
| Investments—publicly traded securities | $118,923,375 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $26,301,052 |
| Total assets | $156,226,670 |
| Accounts payable and accrued expenses | $1,649 |
| Grants payable | $1,544,741 |
| Deferred revenue | $175,000 |
| 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 | $26,898,751 |
| Total liabilities | $28,620,141 |
| Net assets without donor restrictions | $116,139,898 |
| Net assets with donor restrictions | $11,466,631 |
| 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 | $156,226,670 |
Grants Recieved
Over the last fiscal year, we have identified 18 grants that Community Foundation Of Central Georgia Inc has recieved totaling $2,350,931.
| Awarding Organization | Amount |
|---|---|
Dechomai Foundation Inc Jacksonville, FL PURPOSE: unrestricted | $1,329,050 |
The Peyton Anderson Foundation Inc Macon, GA PURPOSE: DOWNTOWN CHALLENGE 2.0 | $375,000 |
The Pittulloch Foundation Inc Atlanta, GA PURPOSE: COMMUNITY BEHAVIORAL HEALTH | $200,000 |
Schwartz-Kruger Family Foundation Inc Macon, GA PURPOSE: CHARITYCHARITY | $138,855 |
Joe And Pat Edwards Foundation Inc Barnesville, GA PURPOSE: SUPPORT | $119,000 |
Georgia Pine Level Foundation Inc Orlando, FL PURPOSE: LEADER IN ME | $100,000 |
Endowment Analysis
| Beg. Balance | $139,934,240 |
| Earnings | -$15,794,236 |
| Admin Expense | -$1,158,236 |
| Net Contributions | $9,834,623 |
| Other Expense | -$46,101 |
| Grants | -$7,836,223 |
| Ending Balance | $124,934,067 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Community Foundation For Northeast Florida Inc Jacksonville, FL | $630,367,087 | $110,893,672 |
Givewell Community Foundation Inc Lakeland, FL | $419,262,531 | $231,457,010 |
North Carolina Community Foundation Inc Raleigh, NC | $442,779,010 | $109,848,330 |
Community Foundation Of Collier County Naples, FL | $218,053,316 | $48,461,607 |
Triangle Community Foundation Durham, NC | $302,593,887 | $28,260,487 |
Coastal Community Foundation Of South Carolina Inc N Charleston, SC | $293,333,431 | $80,143,972 |
Chattanooga Christian Community Foundation Chattanooga, TN | $107,861,272 | $37,732,736 |
The Community Foundation Of Greater Birmingham Birmingham, AL | $299,631,425 | $49,687,592 |
Community Foundation Of Greater Chattanooga Inc Chattanooga, TN | $242,437,300 | $52,106,763 |
Community Foundation Of Tampa Bay Inc Tampa, FL | $288,002,169 | $39,276,460 |
East Tennessee Foundation Knoxville, TN | $333,652,631 | $23,055,951 |
The Community Foundation Of Western North Carolina Inc Asheville, NC | $422,748,745 | $38,320,270 |