Isakson Initiative Inc
- Assets
- $1.6m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Atlanta, GA
- Founding
- Data as of
- 12/2021
- EIN
- 84-4571347
Organization Overview
Isakson Initiative Inc is located in Atlanta, GA. According to its NTEE Classification (H12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Medical Research and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Isakson Initiative 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 12/2021, Isakson Initiative Inc generated $1.1m in total revenue. This represents relatively stable growth, over the past 2 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $537.2k during the year ending 12/2021. 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
RAISING AWARENESS AND FUNDING FOR RESEARCH RELATED TO NEUROCOGNITIVE DISEASES INCLUDING: PARKINSON'S, ALZHEIMER'S AND RELATED DEMENTIA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RAISING AWARENESS AND FUNDING FOR RESEARCH RELATED TO NEUROCOGNITIVE DISEASES INCLUDING: PARKINSON'S, ALZHEIMER'S AND RELATED DEMENTIA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Heath Garrett Secretary | OfficerTrustee | $0 | |
Trey Kilpatrick Vice Preside | OfficerTrustee | $0 | |
Bucky Kimsey Vice-Preside | OfficerTrustee | $0 | |
Edward Tate Vice Preside | OfficerTrustee | $0 | |
Stephanie Jones President | OfficerTrustee | $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 | $1,140,768 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,140,768 |
| Total Program Service Revenue | $0 |
| Investment income | $69 |
| 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 | $1,140,837 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $200,000 |
| 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 | $20,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $49,233 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $208,794 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $12,096 |
| Office expenses | $42,444 |
| 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 | $0 |
| Insurance | $2,487 |
| All other expenses | $0 |
| Total functional expenses | $537,197 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,617,187 |
| 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 | $0 |
| Investments—publicly traded securities | $5,125 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,622,312 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $1,622,312 |
| 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 | $1,622,312 |
Grants Awarded
Over the last fiscal year, Isakson Initiative Inc has awarded $200,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Atlanta, GA | | $50,000 |
Miami, FL | | $50,000 |
Marietta, GA | | $50,000 |
Atlanta, GA | | $50,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Isakson Initiative Inc has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
Colleen And Sam Nunn Family Foundation Atlanta, GA PURPOSE: CHARITABLE | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Research Triangle Foundation Of North Carolina Research Triangle Park, NC | $210,917,305 | $40,089,804 |
Dolphins Cycling Challenge Inc Miami Gardens, FL | $2,087,830 | $8,010,731 |
Nashville Wine Auction Nashville, TN | $1,455,016 | $3,050,154 |
Florida Breast Cancer Coalition Research Foundation North Miami, FL | $2,465,168 | $2,293,769 |
Macular Degeneration Association Sarasota, FL | $4,711,688 | $2,582,069 |
The Donna Foundation Inc Atlantic Beach, FL | $270,716 | $1,590,940 |
South Carolina Medical Association Foundation Columbia, SC | $2,934,149 | $977,722 |
Regenmed Development Organization Winstonsalem, NC | $1,918,667 | $1,082,279 |
T J Martell Foundation Nashville, TN | $1,696,815 | $381,037 |
Fore Batten Foundation Chapel Hill, NC | $1,880,374 | $1,570,342 |
Morgan Pressel Foundation Inc Boca Raton, FL | $725,542 | $823,616 |
Pipers Angels Foundation Inc North Palm Beach, FL | $478,705 | $801,520 |