Georgia Food Industry Education Foundation Inc
- Assets
- $1.1m
- Revenue
- $240.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Smyrna, GA
- Founding
- 01/1996
- Data as of
- 12/2020
- EIN
- 58-2154292
Organization Overview
Georgia Food Industry Education Foundation Inc is located in Smyrna, GA. The organization was established in 1996. 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 Food Industry Education 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, Georgia Food Industry Education Foundation Inc generated $240.0k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.9%) each year. All expenses for the organization totaled $178.7k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (6.5%) per year over the past 6 years. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE ACADEMIC SCHOLARSHIPS TO EMPLOYEES OF MEMBER COMPANIES OF THE GEORGIA FOOD INDUSTRY ASSOCIATION, INC AND THEIR DEPENDENTS, AND TO PROVIDE EDUCATIONAL PROGRAMS BENEFITING THE FOOD INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS - THE FOUNDATION AWARDS ACADEMIC SCHOLARSHIPS TO STUDENTS SELECTED BY AN IDEPENDENT AGENCY BASED ON STUDENT ACADEMIC ACHIEVEMENTS, ESSAY SUBMISSIONS, AND COMMUNITY SERVICE REQUIREMENTS.
MEMBER EDUCATION PROGRAMS- PROGRAMS DESIGNED TO EDUCATE THE FOOD INDUSTRY ON RELEVANT FEDERAL AND STATE ISSUES AFFECTING THE FOOD INDUSTRY AND ITS MEMBERS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kerry Hitchcock Treasurer | OfficerTrustee | 1 | $0 |
Warren Brown Chairman | OfficerTrustee | 1 | $0 |
John Gehring Vice Chairman | OfficerTrustee | 1 | $0 |
Lynn Micale Secretary | OfficerTrustee | 1 | $0 |
Kathy Kuzava President | Officer | 10 | $0 |
Giselle Bynum Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $218,675 |
| Investment income | $18,097 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,352 |
| Net Income from Fundraising Events | $889 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $240,013 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $140,950 |
| 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 | $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 | $6,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $6,052 |
| Fees for services: Other | $7,131 |
| Advertising and promotion | $291 |
| Office expenses | $1,487 |
| Information technology | $960 |
| 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 | $1,446 |
| All other expenses | $0 |
| Total functional expenses | $178,714 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $277,191 |
| 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 |
| Investments—publicly traded securities | $821,883 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $9,464 |
| Total assets | $1,108,538 |
| Accounts payable and accrued expenses | $5,000 |
| 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 | $7,131 |
| Total liabilities | $12,131 |
| 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 | $1,096,407 |
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 |