Metropolitan Foundation Of Atlanta Inc
- Assets
- $9.0m
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Atlanta, GA
- Founding
- 08/1976
- Data as of
- 12/2022
- EIN
- 58-6044449
Organization Overview
Metropolitan Foundation Of Atlanta Inc is located in Atlanta, GA. The organization was established in 1976. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Metropolitan Foundation Of Atlanta Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
METROPOLITAN FOUNDATION OF ATLANTA, INC. WAS ORGANIZED, AND AT ALL TIMES OPERATES, TO SERVE THE NEEDS AND INTERESTS OF THE COMMUNITY FOUNDATION FOR GREATER ATLANTA, INC. AND THE METROPOLITAN ATLANTA COMMUNITY, TO BENEFIT AND PROMOTE THE WELL-BEING OF THE PEOPLE OF THE METROPOLITAN ATLANTA COMMUNITY, AND TO ACQUIRE, RECEIVE, AND ACCEPT PROPERTY TO BE ADMINISTERED EXCLUSIVELY FOR CHARITABLE PURPOSES, PRIMARILY IN, OR FOR THE BENEFIT OF THE PEOPLE OF, THE METROPOLITAN ATLANTA COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
METROPOLITAN FOUNDATION OF ATLANTA, INC. IS ORGANIZED AND OPERATED TO ACQUIRE AND HOLD REAL ESTATE FOR THE USE OF OTHER CHARITABLE ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Frank Fernandez President | Officer | 0.2 | $0 |
Mark Sutton CFO | Officer | 1 | $0 |
Susan Grant Board Chair And Officer | OfficerTrustee | 0.1 | $0 |
Ron Alston Board Member | Trustee | 0.1 | $0 |
Jennifer Bennecke Board Member | Trustee | 0.1 | $0 |
Peter Berg Board Member | Trustee | 0.1 | $0 |
Financial Statements
| 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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $0 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $447,127 |
| 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 | $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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| 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 | $376,484 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $823,611 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $7,065,827 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,971,831 |
| Total assets | $9,037,658 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $2,519,488 |
| 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 | $2,519,488 |
| Net assets without donor restrictions | $6,518,170 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $9,037,658 |
Grants Awarded
Over the last fiscal year, Metropolitan Foundation Of Atlanta Inc has awarded $447,127 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
JERUSALEM HOUSE INC PURPOSE: HEALTH CARE | $415,877 |
GEORGIA CITIZEN'S COALITION ON HUNGER PURPOSE: HUMAN SERVICES | $31,250 |