Community Enterprises Inc
- Assets
- $12.9m
- Revenue
- $783.6k
- Investments
- $12.5m
- Employees
- 0
- Location
- Thomaston, GA
- Founding
- 12/1948
- Data as of
- 06/2023
- EIN
- 58-6043415
Organization Overview
Community Enterprises Inc is located in Thomaston, GA. The organization was established in 1948. According to its NTEE Classification (S99) the organization is classified as: Community Improvement & Capacity Building N.E.C., under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Enterprises 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 06/2023, Community Enterprises Inc generated $783.6k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.8% each year . All expenses for the organization totaled $736.0k during the year ending 06/2023. While expenses have increased by 6.4% 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.
Since 2017, Community Enterprises Inc has awarded 183 individual grants totaling $3,634,290. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY ENTERPRISES, INC. WAS ESTABLISHED TO MAKE CONTRIBUTIONS FOR RELIGIOUS, EDUCATIONAL, AND CHARITABLE PURPOSES. THE FOUNDATION ALSO OFFERS EDUCATIONAL SCHOLARSHIPS TO THOSE MEETING CERTAIN REQUIREMENTS.
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 |
|---|---|---|---|
H Stewart Davis Secretary/treasurer | 0 | $0 | |
Neil Hightower Sr Pres/trustee | 0 | $0 | |
George Hightower Jr Vp/trustee | 0 | $0 | |
Neil Hightower Jr Trustee | 0 | $0 | |
William H Hightower IV Trustee | 0 | $0 | |
John S Davis Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $9,028 |
| Dividends & Interest | $389,785 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $384,822 |
| Capital Gain Net Income | $384,822 |
| Net ST Capital Gain | $106,575 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $783,635 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $38,618 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,467 |
| Depreciation | $0 |
| Occupancy | $13,200 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $9,504 |
| Total operating and administrative expenses | $77,585 |
| Contributions, gifts, grants paid | $658,422 |
| Total expenses and disbursements | $736,007 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,843 |
| Savings and temporary cash investments | $387,690 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $12,900,758 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Community Enterprises Inc has awarded $658,422 in support to 25 organizations.
| Grant Recipient | Amount |
|---|---|
AUGUSTA PREPARATORY DAY SCHOOL PURPOSE: EDUCATIONAL | $10,000 |
UPSON COUNTY SCHOOLS PURPOSE: EDUCATIONAL | $25,000 |
UPSON-LEE TOUCHDOWN CLUB PURPOSE: EDUCATIONAL | $0 |
SWEET BRIAR COLLEGE PURPOSE: EDUCATIONAL | $50,000 |
GEORGIA TECH FOUNDATION PURPOSE: EDUCATIONAL | $135,500 |
EMORY UNIVERSITY PURPOSE: EDUCATIONAL | $25,000 |