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Nonprofiteer
← GRSP FOUNDATION

Form 990 for tax year 2023

Filed by GRSP FOUNDATION.

Totals

Total revenue
$1,285,672
Total expenses
$563,702
Contributions and grants received
$137,615
Grants paid
$500,000
Program service revenue
$0
Investment income
$1,148,057
Other revenue
$0
Total assets, end of year
$16,653,277
Total liabilities, end of year
$137,109
Net assets or fund balances, end of year
$16,516,168
Program services expenses (Part IX)
$500,000
Management and general expenses
$63,702
Fundraising expenses
$0
Program service expenses (Part III)
$500,000

Program services were 88.7% 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

    $137,615

  • 3 · Investment income

    total $1,148,057 · related or exempt $1,148,057

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $500,000 · program services $500,000

  • 11f · Fees: investment management

    total $63,460 · management and general $63,460

  • 24a · Other expenses: FOREIGN INCOME TAX WITHHE

    total $242 · management and general $242

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $276,923 · end of year $177,249

  • 4 · Accounts receivable

    end of year $47,615

  • 11 · Investments: publicly traded securities

    beginning of year $15,654,384 · end of year $16,428,413

  • 17 · Accounts payable and accrued expenses

    beginning of year $137,109 · end of year $137,109

  • 27 · Net assets without donor restrictions

    beginning of year $3,136,473 · end of year $3,720,828

  • 28 · Net assets with donor restrictions

    beginning of year $12,657,725 · end of year $12,795,340

Mission and programs · 2023

Mission

ORGANIZATION'S MISSION IS TO SUPPORT AND CARRY OUT FUNCTIONS THAT ARE ESSENTIAL AND INTEGRAL TO THE ACCOMPLISHMENT OF THE EXEMPT PURPOSES OF THE GEORGIA ROTARY STUDENT PROGRAM BY ENGAGING IN FUND MANAGEMENT, FUNDRAISING, AND GRANT-MAKING.

Activities or mission (Part I)

TO SUPPORT AND CARRY OUT FUNCTIONS THAT ARE ESSENTIAL AND INTEGRAL TO THE ACCOMPLISHMENT OF THE EXEMPT PURPOSES OF ROTARY, TO SUPPORT THE GEORGIA ROTARY STUDENT PROGRAM BY ENGAGING IN FUND MANAGEMENT, FUNDRAISING, AND GRANT-MAKING, ALL TO SUPPORT ROTARY'S CHARITABLE STUDENT PROGRAMS.

  • THE ORGANIZATION SUPPORTED THE EXEMPT PURPOSES OF THE GEORGIA ROTARY STUDENT PROGRAM BY ENGAGING IN FUND MANAGEMENT, FUNDRAISING, AND GRANT- MAKING, PROVIDING FUNDING FOR APPROXIMATELY 40 INTERNATIONAL STUDENTS TO SPEND ONE ACADEMIC YEAR IN COLLEGES AND UNIVERSITIES THROUGHOUT THE STATE OF GEORGIA, AND INTERACTING WITH AMERICAN CITIZENS THROUGHOUT THE STATE.

  • THE ORGANIZATION SUPPORTED THE EXEMPT PURPOSES OF THE GEORGIA ROTARY STUDENT PROGRAM BY ENGAGING IN FUND MANAGEMENT, FUNDRAISING, AND GRANT- MAKING, PROVIDING FUNDING FOR APPROXIMATELY 40 INTERNATIONAL STUDENTS TO SPEND ONE ACADEMIC YEAR IN COLLEGES AND UNIVERSITIES THROUGHOUT THE STATE OF GEORGIA, AND INTERACTING WITH AMERICAN CITIZENS THROUGHOUT THE STATE.

    Expenses $500,000 · Grants $500,000

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Eleni Bafas

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Jim Drake

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    2

  • Joe Jones

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • William T Adkins Jr

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Blake McBurney

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Beth Sikes

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Hamsa Thota

    TREASURER

    Total calculated
    $0
    Hours/week
    2

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.

Grants on this return

Provenance

Return type
form_990
Tax year
2023
Filed
29 April 2025
IRS schema version
2023v6.0
Source object
202511199349302686

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