The Coweta Community Foundation Inc
- Assets
- $2.3m
- Revenue
- $2.7m
- Investments
- $488.3k
- Employees
- 7
- Location
- Newnan, GA
- Founding
- 01/1998
- Data as of
- 12/2021
- EIN
- 58-2348181
Organization Overview
The Coweta Community Foundation Inc is located in Newnan, GA. The organization was established in 1998. 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 12/2021, Coweta Community Foundation Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Coweta Community 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 12/2021, Coweta Community Foundation Inc generated $2.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 22.9% each year . All expenses for the organization totaled $742.1k during the year ending 12/2021. While expenses have increased by 10.6% 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 2018, Coweta Community Foundation Inc has awarded 27 individual grants totaling $375,775. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
WE FOCUS ON LOCAL PHILANTHROPY ON OUR COMMUNITYS CHANGING NEEDS. WE MANAGE INDIVIDUAL GIFTS AND BEQUESTS AS ON ENDOWEED POOL OF ASSETS DISTRIBUTING GRANTS TO A WIDE VARIETY OF ORGANIZATIONS THAT ENHANCE AND SUPPORT THE QUALITY OF LIFE IN COWETA COUNTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE COWETA COMMUNITY FOUNDATION IS A GRANTMAKING ORGANIZATION FOR LOCAL NONPROFITS WHO PROVIDE SERVICES TO COWETA COUNTY RESIDENTS. THE ORGANIZATION ALSO PROVIDES GRANTS TO ORGANIZATIONS AND INDIVIDUALS WHO HOLD AGENCY OR INDIVIDUAL DONOR ADVISED FUNDS OR SCHOLARSHIP FUNDS.THE ORGANIZATION PROVIDES EDUCATIONAL RESOURCES AND TOOLS FOR LOCAL NON PROFITS WHO PROVIDE SERVICES TO COWETA COUNTY RESIDENTS. THIS IS TO STRENGTHEN AND RAISE THE BAR FOR THE AGENCIES SERVING OUR COMMUNITY AND ITS CITIZENS. THE COWETA COMMUNITY FOUNDATION WORKS WITH SMALLER NON PROFIT AGENCIES TO PROVIDE FISCAL SPONSORSHIP TO ASSIST IN HELPING THEM TO ESTABLISH THEMSELVES, EVENTUALLY LEADING TO THEIR APPLYING FOR AND RECEIVING THEIR OWN NON PROFIT STATUS AND FUNCTIONING ON THEIR OWN. THOSE NON PROFIT AGENCIES PROVIDE THE FOLLOWING PROGRAMS:- STEPPING STONES- AN EARLY EDUCATION INTERVENTION PROGRAM THAT PROVIDES MATERIALS AND RESOURCES TO NEW MOTHERS, WHICH LINKS THE CHILD TO THE EDUCATION SYSTEM IN OUR COUNTY.-COWETA STEM INSTITUTE- AN ORGANIZATION THAT PROMOTES INTEREST AND ENTHUSIASM IN SCIENCE AND TECHNOLOGY FOR COWETA CHILDREN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cynthia Bennett Vice Chairman | OfficerTrustee | 5 | $0 |
Dean Jackson Chairman | Trustee | 2 | $0 |
Katrina Cline Board Member | Trustee | 2 | $0 |
Barry Debrow Board Member | Trustee | 2 | $0 |
Amanda Hand Board Member | Trustee | 2 | $0 |
Kandice Bell Secretary | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $762,445 |
| Related organizations | $0 |
| Government grants | $13,927 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,884,345 |
| Noncash contributions included in lines 1a–1f | $21,727 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,660,717 |
| Total Program Service Revenue | $0 |
| Investment income | $200 |
| 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 | $2,660,917 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $492,141 |
| 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 | $74,877 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $61,195 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $22,895 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $7,722 |
| Office expenses | $0 |
| Information technology | $10,637 |
| Royalties | $0 |
| Occupancy | $5,291 |
| 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 | $2,541 |
| Insurance | $14,056 |
| All other expenses | $2,491 |
| Total functional expenses | $742,106 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,806,825 |
| 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 | $670 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $488,311 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,295,806 |
| Accounts payable and accrued expenses | $16,005 |
| 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 | $16,005 |
| Net assets without donor restrictions | $2,036,524 |
| Net assets with donor restrictions | $243,277 |
| 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 | $2,295,806 |
Grants Awarded
Over the last fiscal year, The Coweta Community Foundation Inc has awarded $295,775 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
ONE ROOF OUTREACH PURPOSE: FINANCIAL SUPPORT | $71,200 |
ST VINCENT DEPAUL PURPOSE: FINANCIAL SUPPORT | $38,889 |
YEAGER ROAD COMMUNITY RESOURCE CENTER PURPOSE: FINANCIAL SUPPORT | $27,700 |
Newnan, GA PURPOSE: FINANCIAL SUPPORT | $27,320 |
RIVERLIFE INC PURPOSE: FINANCIAL SUPPORT | $14,713 |
Newnan, GA PURPOSE: FINANCIAL SUPPORT | $11,400 |
Grants Recieved
Over the last fiscal year, we have identified 13 grants that The Coweta Community Foundation Inc has recieved totaling $114,121.
| Awarding Organization | Amount |
|---|---|
Coweta-Fayette Trust Inc Palmetto, GA PURPOSE: CHARITABLE | $25,000 |
Truist Foundation Inc Orlando, FL PURPOSE: GENERAL OPERATING | $20,000 |
Atlanta Braves Foundation Inc Atlanta, GA PURPOSE: UNRESTICTED | $20,000 |
The Community Foundation For Greater Atlanta Inc Atlanta, GA PURPOSE: PHILANTHROPY/VOLUNTARISM | $11,000 |
Ameris Bank Foundation Inc Atlanta, GA PURPOSE: OPERATIONAL SUPPORT | $10,000 |
Tyler Perry Foundation Inc Atlanta, GA PURPOSE: TO ENHANCE OUR COMMUNITY'S QUALITY OF LIFE BY ENCOURAGING PHILANTHROPIC INTERACTION IN COWETA COUNTY. | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Christian Community Foundation Of Memphis And The Mid-South Inc Memphis, TN | $205,748,037 | $85,831,682 |
Community Foundation Of Sarasota County Inc Sarasota, FL | $386,793,850 | $71,031,554 |
Gulf Coast Community Foundation Inc Venice, FL | $411,069,499 | $79,396,677 |
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 |