The Coweta Community Foundation Inc
- Assets
- $1.7m
- Revenue
- $1.2m
- Investments
- $549.9k
- Employees
- 18
- Location
- Newnan, GA
- Founding
- 01/1998
- Data as of
- 12/2022
- 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 12/2022, Coweta Community Foundation Inc employed 18 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 12/2022, Coweta Community Foundation Inc generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 17.6% each year . All expenses for the organization totaled $1.7m during the year ending 12/2022. While expenses have increased by 18.5% per year over the past 5 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 62 individual grants totaling $957,725. 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
WE FOCUS ON LOCAL PHILATHROPY ON OUR COMMUNITY'S CHANGING NEEDS. WE MANAGE INDIVIDUAL GIFTS AND BEQUESTS AS AN ENDOWED 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 FOUNDATION'S MISSION IS TO ENHANCE THE QUALITY OF LIFE IN COWETA COUNTY GEORGIA, BY FOSTERING PHILANTHROPIC ENGAGEMENT. THE FOUNDATION ENCOURAGES INDIVIDUALS, FAMILIES, CORPORATIONS, NON-PROFITS, AND COMMUNITIES TO ACTIVELY PARTICIPATE IN MAKING A POSTIVE IMPACT. THE FOUNDATION ACCEPTS CONTRIBUTIONS OF ALL SIZES, EMPOWERING DONORS TO ADDRESS EVOLVING NEEDS AND OPPORTUNITES IN THE COMMUNITY. THE FOUNDATION'S APPROACH COMBINES GRANTS, EDUCATION, DONOR ADVISED FUNDS, SCHOLARSHIP FUNDS, AND FISCAL SPONSORSHIP TO SUPPORT NON-PROFITS AND INNOVATIVE COMMUNITY PROGRAMS SUCH AS LONG-TERM DISASTER RECOVERY, THE COWETA SHERRIFF'S FUND, COMMUNITY SERVICE TEAM AND 100 WOMEN WHO CARE. GUIDED BY ITS MISSION, THE FOUNDATION HAS SET CLEAR GOALS: TO SERVE DIVERSE DONOR INTERESTS, PROVIDE LEADERSHIP IN ADDRESSING COMMUNITY NEEDS, STEWARD FUNDS RESPONSIBLY, AND PROMOTE COLLABORATION AMONG LOCAL ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cynthia Bennett Chairman | OfficerTrustee | 5 | $0 |
Brett Johnson Vice Chairman | OfficerTrustee | 5 | $0 |
Dean Jackson Immediate Past Chairman | OfficerTrustee | 5 | $0 |
Michael Nix Secretary | OfficerTrustee | 2 | $0 |
Mike Butler Treasurer | OfficerTrustee | 2 | $0 |
Laura Benz Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $253,890 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $943,905 |
| Noncash contributions included in lines 1a–1f | $2,278 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,197,795 |
| Total Program Service Revenue | $0 |
| Investment income | $428 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $3,500 |
| 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 | $1,201,723 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,113,735 |
| 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 | $240,002 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $171,943 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $46,343 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,767 |
| Office expenses | $5,313 |
| Information technology | $16,985 |
| Royalties | $0 |
| Occupancy | $23,734 |
| 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 | $191 |
| Insurance | $10,482 |
| All other expenses | $1,330 |
| Total functional expenses | $1,677,593 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,174,831 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $9,634 |
| 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 | $11,840 |
| Net Land, buildings, and equipment | $479 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $549,947 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,746,731 |
| Accounts payable and accrued expenses | $30,171 |
| 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 | $30,171 |
| Net assets without donor restrictions | $1,157,046 |
| Net assets with donor restrictions | $559,514 |
| 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 | $1,746,731 |
Grants Awarded
Over the last fiscal year, The Coweta Community Foundation Inc has awarded $301,175 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
BOYS & GIRLS CLUB OF METRO ATLANTA PURPOSE: FINANCIAL SUPPORT | $10,800 |
BRONX COMMUNITY COLLEGE FOUNDATION PURPOSE: FINANCIAL SUPPORT | $6,928 |
ELEVATE COWETA STUDENTS PURPOSE: FINANCIAL SUPPORT | $11,400 |
COMMUNITY ACTION FOR IMPROVEMENT (CAFI) PURPOSE: FINANCIAL SUPPORT | $11,000 |
FAMILY PATTERNS MATTER INC PURPOSE: FINANCIAL SUPPORT | $11,200 |
FOUNDATION CHURCH PURPOSE: FINANCIAL SUPPORT | $10,000 |