Georgia Press Educational Foundation Inc is located in Avondale Estates, GA. The organization was established in 1964. According to its NTEE Classification (A19) the organization is classified as: Support N.E.C., under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Georgia Press Educational 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 06/2021, Georgia Press Educational Foundation Inc generated $238.8k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 54.6% each year . All expenses for the organization totaled $295.3k during the year ending 06/2021. While expenses have increased by 26.5% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
A NOT-FOR-PROFIT ORGANIZATION ESTABLISHED TO PROMOTE & ADVANCE THE INTEREST OF JOURNALISM THROUGH EDUCATION INCLUDING THE GRANTING OF SCHOLARSHIPS TO STUDENTS AND INTERNSHIP PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
UNBIASED NEW BUREAU TO PROVIDE COVERAGE FOR THE GENERAL ASSEMBLY FOR 125 GEORGIA NEWSPAPER.
INTERNSHIPS FOR COLLEGE STUDENTS - PROVIDE JOURNALISM POSITIONS FOR STUDENTS MAJORING IN JOURNALISM.
SCHOLARSHIPS FOR COLLEGE STUDENTS - PROGRAM TO PROVIDE SCHOLARSHIPS TO STUDENTS MAJORING IN JOURNALISM.
UNBIASED NEW BUREAU TO PROVIDE COVERAGE FOR THE GENERAL ASSEMBLY FOR 125 GEORGIA NEWSPAPER.
INTERNSHIPS FOR COLLEGE STUDENTS - PROVIDE JOURNALISM POSITIONS FOR STUDENTS MAJORING IN JOURNALISM.
SCHOLARSHIPS FOR COLLEGE STUDENTS - PROGRAM TO PROVIDE SCHOLARSHIPS TO STUDENTS MAJORING IN JOURNALISM.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Scott Buffington Gpa Presiden Director | OfficerTrustee | 0 | $0 |
Rick Harris Chairman | OfficerTrustee | 0 | $0 |
Robin Rhodes Executive Direc | OfficerTrustee | 40 | $0 |
Eric Nesmith Director | OfficerTrustee | 0 | $0 |
Jim Wooten Director | Trustee | 0 | $0 |
Phil Kent Director | Trustee | 0 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $103,137 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $103,137 |
Total Program Service Revenue | $0 |
Investment income | $45,738 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $87,004 |
Net Income from Fundraising Events | $137 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $238,821 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $50,000 |
Grants and other assistance to domestic individuals. | $29,250 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $15,000 |
Compensation of current officers, directors, key employees. | $7,000 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $138,996 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $4,500 |
Payroll taxes | $12,000 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $11,216 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $15,939 |
Fees for services: Other | $0 |
Advertising and promotion | $0 |
Office expenses | $616 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $3,000 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $494 |
Conferences, conventions, and meetings | $1,852 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $967 |
Insurance | $10,493 |
All other expenses | $0 |
Total functional expenses | $295,335 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $56,942 |
Savings and temporary cash investments | $206,810 |
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 | $4,344 |
Net Land, buildings, and equipment | $2,109 |
Investments—publicly traded securities | $1,941,286 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $2,211,491 |
Accounts payable and accrued expenses | $0 |
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 | $26,725 |
Total liabilities | $26,725 |
Net assets without donor restrictions | $1,485,132 |
Net assets with donor restrictions | $699,634 |
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 | $2,211,491 |
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