Georgia Goal Scholarship Program Inc is located in Peachtree Corners, GA. The organization was established in 2006. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Georgia Goal Scholarship Program 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 12/2023, Georgia Goal Scholarship Program Inc generated $69.7m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 16.2% each year . All expenses for the organization totaled $53.9m during the year ending 12/2023. While expenses have increased by 13.8% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
GEORGIA GOAL SCHOLARSHIP PROGRAM, INC. IS A NONPROFIT GEORGIA CORPORATION DEDICATED TO OFFERING STUDENTS FROM LOW AND MIDDLE-INCOME FAMILIES OPPORTUNITIES TO ATTEND PRIVATE K-12 SCHOOLS OF THEIR PARENTS' CHOICE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIP PROGRAM - ALLOWS STUDENTS FROM LOW AND MIDDLE INCOME FAMILIES OPPORTUNITIES TO ATTEND PRIVATE K-12 SCHOOLS OF THEIR PARENTS' CHOICE IN THE STATE OF GEORGIA.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Richard W Gilbert Chairman Emeritus | Trustee | 0.2 | $0 |
Dean S Mathison Board Member | Trustee | 0.2 | $0 |
Gerard Robinson Board Member | Trustee | 0.2 | $0 |
Pastor Dexter Rowland Board Member | Trustee | 0.2 | $0 |
Timothy J Embry Secretary | OfficerTrustee | 0.2 | $0 |
Stanley R Epperson Chairman Of The Board | OfficerTrustee | 0.2 | $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 | $66,670,147 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $66,670,147 |
Total Program Service Revenue | $0 |
Investment income | $2,947,522 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $112,517 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $69,730,186 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $49,565,172 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $225,931 |
Compensation of current officers, directors, key employees. | $66,379 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $631,241 |
Pension plan accruals and contributions | $21,018 |
Other employee benefits | $30,520 |
Payroll taxes | $52,764 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $52,732 |
Fees for services: Lobbying | $93,302 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $2,112,318 |
Advertising and promotion | $64,400 |
Office expenses | $83,741 |
Information technology | $72,403 |
Royalties | $0 |
Occupancy | $36,843 |
Travel | $20,038 |
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 | $99,016 |
Insurance | $43,401 |
All other expenses | $30 |
Total functional expenses | $53,931,983 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $371,980 |
Savings and temporary cash investments | $18,511,677 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $32,704 |
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 | $46,698 |
Net Land, buildings, and equipment | $212,963 |
Investments—publicly traded securities | $57,520,111 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $134,575 |
Total assets | $76,830,708 |
Accounts payable and accrued expenses | $72,249 |
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 | $155,809 |
Total liabilities | $228,058 |
Net assets without donor restrictions | $3,449,074 |
Net assets with donor restrictions | $73,153,576 |
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 | $76,830,708 |