Form 990 for tax year 2023
Filed by ROTARY EDUCATIONAL FOUNDATION OF ATLANTA INC.
Totals
- Total revenue
- $261,303
- Total expenses
- $15,669
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $261,303
- Other revenue
- $0
- Total assets, end of year
- $0
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $0
- Program services expenses (Part IX)
- $0
- Management and general expenses
- $15,669
- Fundraising expenses
- $0
- Program service expenses (Part III)
- not reported
Program services were 0.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
3 · Investment income
total $79,195 · excluded $79,195
-
7a · Gross sales of assets other than inventory
securities $1,506,455
-
7b · Less cost or other basis and sales expenses
securities $1,324,347
-
7c · Gain or loss
securities $182,108
-
7d · Net gain or loss
total $182,108 · excluded $182,108
Functional expenses
Part IX, the statement of functional expenses.
-
11f · Fees: investment management
total $15,669 · management and general $15,669
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
end of year $0
-
2 · Savings and temporary cash investments
beginning of year $131,167 · end of year $0
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
end of year $0
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
end of year $0
-
10c · Land, buildings and equipment, net
end of year $0
-
11 · Investments: publicly traded securities
beginning of year $2,874,181 · end of year $0
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
end of year $0
-
17 · Accounts payable and accrued expenses
end of year $0
-
25 · Other liabilities
beginning of year $320,000 · end of year $0
-
27 · Net assets without donor restrictions
beginning of year $2,685,348 · end of year $0
Mission and programs · 2023
Mission
TO PROVIDE GRANTS TO PROMOTE LITERACY PROGRAMS FOR KINDERGARTEN THROUGH FOURTH GRADE STUDENTS IN THE ATLANTA AREA.
Activities or mission (Part I)
PROVIDING GRANTS TO PROMOTE LITERACY PROGRAMS FOR ATLANTA AREA KINDERGARTEN TO 4TH GRADE PUPILS.
-
DUE TO THE COVID PANDEMIC, GRANTS TO PROMOTE LITERACY AND ADVANCE READING SKILLS OF ATLANTA-AREA CHILDREN WERE TEMPORARILY SUSPENDED WHILE OUR COUNTRY AND EDUCATIONAL SYSTEM WAS COPING WITH COVID RESTRICTIONS.THE ORGANIZATION MERGED WITH THE CHARITABLE FOUNDATION OF THE ROTARY CLUB OF ATLANTA INC. AS OF JUNE 30, 2024.
As filed on the 2023 return.
Listed in Part VII
-
Gina SimpsonGINA SIMPSON
EXECUTIVE DIRECTOR
- Total calculated
- $182,500
- From this org
- $0
- From related orgs
- $182,500
- Other
- $0
- Hours/week
- 5 + 55 related
Schedule J breakdown matched by us
- Base
- $0 + $182,500 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $0 + $182,500 related
-
Katy BarksdaleKATY BARKSDALE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Veronica BigginsVERONICA BIGGINS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Brian BlakeBRIAN BLAKE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Rodney BullardRODNEY BULLARD
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Ron CanakarisRON CANAKARIS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Chris ClevelandCHRIS CLEVELAND
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
David EidsonDAVID EIDSON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Keith EvansKEITH EVANS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Robert Bob FranklinROBERT BOB FRANKLIN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Stuart GulleySTUART GULLEY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Craig JonesCRAIG JONES
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Valerie Montgomery RiceVALERIE MONTGOMERY RICE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Marjy StagmeierMARJY STAGMEIER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Beverly TatumBEVERLY TATUM
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Bill ToddBILL TODD
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
None.
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- SCH J, PART II
- GINA SIMPSON, EXECUTIVE DIRECTOR, PERFORMS SERVICES FOR THE FILING ORGANIZATION, WHILE PAYROLL IS PROCESSED AND REPORTED BY ROTARY CLUB OF ATLANTA, EIN 58-0412250.
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
CHARITABLE FOUNDATION OF THE ROTARY CLUB OF ATLANTA
501(C)(3) · SUPPORT PROJECTS THAT POSITIVELY IMPACT ATLANTA'S YOUTH · GA
Directly controlled by ROTARY INTERNATIONAL CLUB OF ATLANTA INC
-
501(C)(4) · PROMOTE THE ADVANCEMENT OF INTERNATIONAL UNDERSTANDING, GOODWILL, AND PEACE · GA
Assets distributed on this return
Schedule N, as filed: what the organization did with its assets when it liquidated or dissolved, or disposed of more than a quarter of them, and who received them. A recipient with an EIN is usually a successor organization; filers also list expenses such as legal fees here.
-
Liquidation · CASH · Jun 30, 2024 · 501(C)(3)
-
Liquidation · INVESTMENTS · Jun 30, 2024 · 501(C)(3)
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 28 April 2025
- IRS schema version
- 2023v6.0
- Source object
- 202511209349303036
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