Form 990 for tax year 2023
Filed by CHATTAHOOCHEE TECH FOUNDATION INC.
Totals
- Total revenue
- $806,553
- Total expenses
- $303,434
- Contributions and grants received
- $528,814
- Grants paid
- $251,969
- Program service revenue
- $0
- Investment income
- $216,070
- Other revenue
- $61,669
- Total assets, end of year
- $3,191,629
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $3,191,629
- Program services expenses (Part IX)
- $280,089
- Management and general expenses
- $23,345
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $280,089
Program services were 92.3% 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.
-
1f · All other contributions, gifts and grants
$528,814
-
3 · Investment income
total $48,544 · excluded $48,544
-
6a · Gross rents
real property $6,353
-
6b · Less rental expenses
real property $0
-
6c · Rental income or loss
real property $6,353
-
6d · Net rental income or loss
total $6,353 · excluded $6,353
-
7a · Gross sales of assets other than inventory
securities $167,526
-
7b · Less cost or other basis and sales expenses
securities $0
-
7c · Gain or loss
securities $167,526
-
7d · Net gain or loss
total $167,526 · excluded $167,526
-
9a · Gaming: gross income
$69,265
-
9b · Gaming: direct expenses
$13,949
-
9c · Net income from gaming
total $55,316 · excluded $55,316
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $251,969 · program services $251,969
-
11c · Fees: accounting
total $4,500 · management and general $4,500
-
13 · Office expenses
total $10,127 · program services $8,733 · management and general $1,394
-
14 · Information technology
total $935 · program services $935
-
16 · Occupancy
total $561 · management and general $561
-
19 · Conferences, conventions and meetings
total $5,560 · program services $5,560
-
23 · Insurance
total $4,070 · management and general $4,070
-
24a · Other expenses: SIGNAGE & EQUIPMENT
total $12,892 · program services $12,892
-
24b · Other expenses: SUBSCRIPTIONS & MEMBERS
total $12,820 · management and general $12,820
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $1,120,914 · end of year $1,438,703
-
3 · Pledges and grants receivable
end of year $18,500
-
10a · Land, buildings and equipment: cost or other basis
$15,455
-
10c · Land, buildings and equipment, net
beginning of year $15,455 · end of year $15,455
-
11 · Investments: publicly traded securities
beginning of year $1,392,301 · end of year $1,677,006
-
15 · Other assets
beginning of year $7,873 · end of year $41,965
-
27 · Net assets without donor restrictions
beginning of year $857,609 · end of year $1,467,023
-
28 · Net assets with donor restrictions
beginning of year $1,678,934 · end of year $1,724,606
Mission and programs · 2023
Mission
THE MISSION OF CHATTAHOOCHEE TECH FOUNDATION, INC. IS TO ACTIVELY PROMOTE CHATTAHOOCHEE TECHNICAL COLLEGE, SUPPORT ITS STUDENTS, FACULTY AND STAFF, AND PROVIDE SUPPLEMENTAL FUNDING FOR THE INSTITUTE BY WORKING IN PARTNERSHIP WITH INDIVIDUALS, BUSINESS AND INDUSTRY, AND THE COMMUNITY TO PROVIDE A WELL-TRAINED, HIGHLY SKILLED WORKFORCE WHICH CAN: SUPPORT NEW AND EXISTING INDUSTRIES, SATISFY CONSTANTLY CHANGING ECONOMIC AND TECHNICAL NEEDS, ENRICH THE QUALITY OF LIFE, ADD VALUE TO THE ENTIRE COMMUNITY, AND ENHANCE THE ECONOMIC DEVELOPMENT OF NORTH CENTRAL GEORGIA.
-
TO PROVIDE FINANCIAL SUPPORT TO CHATTAHOOCHEE TECHNICAL COLLEGE AND ITS STUDENTS, FACULTY, AND STAFF.
Expenses $280,089 · Grants $251,969
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Rick KollhoffRICK KOLLHOFF
CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Darion DunnDARION DUNN
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Marty HughesMARTY HUGHES
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Jason SleemanJASON SLEEMAN
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Trey BenhamTREY BENHAM
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Max CaylorMAX CAYLOR
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Snehal DoshiSNEHAL DOSHI
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Shelley ElderSHELLEY ELDER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Cassy FerrellCASSY FERRELL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
John GarnerJOHN GARNER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Allison GiddensALLISON GIDDENS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Mark GoddardMARK GODDARD
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Karen HillKAREN HILL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Kenny HortonKENNY HORTON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Henry MolinetHENRY MOLINET
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Trey Ragsdale IIITREY RAGSDALE III
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Robert StephensROBERT STEPHENS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Eric WidnerERIC WIDNER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Jennifer NelsonJENNIFER NELSON
EXECUTIVE DIRECTOR
- Total calculated
- $139,880
- From this org
- $139,880
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
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.
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)
- FORM 990 PART VII LINE 1A
- LISTED ON FORM 990 PART VII LINE 1A IS EXECUTIVE DIRECTOR, JENNIFER NELSON, WHOSE COMPENSATION IS PAID BY AN UNRELATED ENTITY, CHATTAHOOCHEE TECHNICAL COLLEGE AND REPORTED UNDER EIN 58-1788754. TOTAL REPORTABLE SALARY AND BENEFITS RECEIVED IN CALENDAR YEAR 2023 WAS $139,880.
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.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 7 May 2025
- IRS schema version
- 2023v6.0
- Source object
- 202521279349303442
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