Breakthrough Atlanta Inc
- Assets
- $4.9m
- Revenue
- $1.1m
- Investments
- $3.1m
- Employees
- 0
- Location
- Atlanta, GA
- Founding
- Data as of
- 06/2022
- EIN
- 84-4725498
Organization Overview
Breakthrough Atlanta Inc is located in Atlanta, GA. According to its NTEE Classification (B80) the organization is classified as: Student Services, 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. Breakthrough 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.
For the year ending 06/2022, Breakthrough Atlanta Inc generated $1.1m in total revenue. The organization has seen a slow decline revenue. Over the past 2 years, revenues have fallen by an average of (1.3%) each year. All expenses for the organization totaled $1.2m during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
OFFERING A SIX-YEAR COLLEGE PREPARATORY PROGRAM FOR UNDERSERVED STUDENTS, AND A TEACHING FELLOWSHIP FOR UNDERGRADUATE STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HIGH SCHOOL READINESS PREPARES MIDDLE SCHOOL STUDENTS FOR THE ACADEMIC RIGOR OF HIGH SCHOOL THROUGH A SIX-WEEK SUMMER LEARNING PROGRAM AND SATURDAY ENRICHMENT PROGRAMMING THROUGHOUT THE SCHOOL YEAR. THIS PROGRAMMING IS IMPLEMENTED BY A PROGRAM DIRECTOR, ASSISTED BY TWO PROGRAM MANAGERS, APPROXIMATELY 70 SEASONAL STAFF AND VOLUNTEERS, AND BUS DRIVERS. SPRING AND SUMMER 2021 PROGRAMMING WAS CONDUCTED IN A HYBRID FORMAT DUE THE ONGOING COVID-19 PANDEMIC. FULLY IN-PERSON PROGRAMMING RESUMED AT THE START OF THE 2021-2022 SCHOOL YEAR.
COLLEGE PREP PROGRAMMING HELPS HIGH SCHOOL STUDENTS AND THEIR PARENTS PREPARE FOR COLLEGE ADMISSIONS THROUGH EDUCATIONAL WORKSHOPS, COLLEGE TOURS AND FAIRS, COLLEGE ENTRANCE EXAM PREPARATION, PERSONALIZED COLLEGE COUNSELING, APPLICATION ASSISTANCE AND SCHOLARSHIP OPPORTUNITIES. THESE ACTIVITIES ARE IMPLEMENTED BY A PROGRAM DIRECTOR AND MANAGER, ASSISTED BY VENDORS. ACTIVITIES CAN OCCUR VIRTUALLY (E.G. A COUNSELING SESSION) OR IN PERSON (E.G. A COLLEGE TOUR OR FINANCIAL AID WORKSHOP).
THE TEACHING FELLOWSHIP PROGRAM PROVIDES A PAID SUMMER INTERNSHIP FOR UNDERGRADUATE STUDENTS INTERESTED IN EXPLORING A CAREER IN TEACHING. TEACHING FELLOWS SERVE AS THE INSTRUCTORS FOR MIDDLE SCHOOL STUDENTS DURING BREAKTHROUGH'S SIX-WEEK SUMMER LEARNING PROGRAM. THEY RECEIVE INTENSIVE, ONGOING TRAINING AND MENTORING FROM PROFESSIONAL EDUCATORS THROUGH THEIR FELLOWSHIPS. THIS PROGRAM IS LED BY A PROGRAM DIRECTOR, ASSISTED BY A PROGRAM MANAGER, AND 10 SEASONAL INSTRUCTIONAL COACHES. SUMMER 2021 PROGRAMMING WAS CONDUCTED IN A HYBRID FORMAT DUE TO THE ONGOING COVID-19 PANDEMIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Neysa Dillon Brown Board Chair | OfficerTrustee | 1 | $0 |
Crystal Stephens Vice Chair | OfficerTrustee | 1 | $0 |
Simone Walsh Treasurer | OfficerTrustee | 1 | $0 |
David W Ghegan Past Chair | OfficerTrustee | 0.5 | $0 |
Carol Waddy Secretary | OfficerTrustee | 0.5 | $0 |
Meredyth Cole Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $376,695 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $642,317 |
| Noncash contributions included in lines 1a–1f | $42,056 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,019,012 |
| Total Program Service Revenue | $0 |
| Investment income | $45,618 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $117,152 |
| Net Income from Fundraising Events | -$47,699 |
| Net Income from Gaming Activities | $15,700 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,149,783 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $10,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $115,025 |
| Compensation of current officers, directors, key employees. | $80,517 |
| 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 | $15,320 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $9,600 |
| Fees for services: Investment Management | $7,909 |
| Fees for services: Other | $38,731 |
| Advertising and promotion | $26,831 |
| Office expenses | $35,563 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,271 |
| Travel | $11,829 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,045 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $80,534 |
| Insurance | $4,105 |
| All other expenses | $4,092 |
| Total functional expenses | $1,172,199 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,569,838 |
| Pledges and grants receivable | $9,500 |
| Accounts receivable, net | $138,005 |
| 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 | $8,315 |
| Net Land, buildings, and equipment | $83,080 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $3,140,530 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,949,268 |
| Accounts payable and accrued expenses | $151,420 |
| 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 | $499,508 |
| Total liabilities | $650,928 |
| Net assets without donor restrictions | $1,112,868 |
| Net assets with donor restrictions | $3,185,472 |
| 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 | $4,949,268 |