Form 990 for tax year 2024
Filed by COMMUNITY FOUNDATION FOR NORTHEAST GEORGIA INC.
Totals
- Total revenue
- $20,663,214
- Total expenses
- $15,278,970
- Contributions and grants received
- $16,687,694
- Grants paid
- $13,473,513
- Program service revenue
- $0
- Investment income
- $3,812,506
- Other revenue
- $163,014
- Total assets, end of year
- $91,729,727
- Total liabilities, end of year
- $18,977,890
- Net assets or fund balances, end of year
- $72,751,837
- Program services expenses (Part IX)
- $13,868,295
- Management and general expenses
- $1,015,062
- Fundraising expenses
- $395,613
- Program service expenses (Part III)
- $13,868,295
Program services were 90.8% 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.
-
1b · Membership dues
$37,748
-
1c · Fundraising events
$5,425
-
1f · All other contributions, gifts and grants
$16,644,521
-
1g · Noncash contributions included above
$3,861,314
-
3 · Investment income
total $1,887,592 · unrelated business $294,190 · excluded $1,593,402
-
7a · Gross sales of assets other than inventory
securities $20,525,156
-
7b · Less cost or other basis and sales expenses
securities $18,362,554 · other assets $237,688
-
7c · Gain or loss
securities $2,162,602 · other assets -$237,688
-
7d · Net gain or loss
total $1,924,914 · excluded $1,924,914
-
8a · Fundraising events: gross income
$49,140
-
8a · Fundraising events: contributions included on line 1c
$5,425
-
8b · Fundraising events: direct expenses
$20,240
-
8c · Net income from fundraising events
total $28,900 · excluded $28,900
-
11a · Other revenue: NET ADMINISTRATIVE FEE INCOME
total $130,604 · excluded $130,604
-
11b · Other revenue: RENTAL INCOME
total $3,510 · related or exempt $3,510
-
11e · Other revenue, total
$134,114
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $13,473,513 · program services $13,473,513
-
5 · Compensation of officers, directors and key employees
total $251,667 · management and general $213,917 · fundraising $37,750
-
7 · Other salaries and wages
total $307,910 · management and general $261,725 · fundraising $46,185
-
8 · Pension plan contributions
total $31,914 · management and general $27,127 · fundraising $4,787
-
9 · Other employee benefits
total $32,797 · management and general $27,877 · fundraising $4,920
-
10 · Payroll taxes
total $36,968 · management and general $31,423 · fundraising $5,545
-
11f · Fees: investment management
total $319,448 · program services $319,448
-
11g · Fees: other
total $251,661 · management and general $245,361 · fundraising $6,300
-
13 · Office expenses
total $20,088 · management and general $17,075 · fundraising $3,013
-
14 · Information technology
total $34,509 · management and general $29,329 · fundraising $5,180
-
16 · Occupancy
total $53,485 · management and general $45,463 · fundraising $8,022
-
19 · Conferences, conventions and meetings
total $5,524 · management and general $5,524
-
20 · Interest
total $1,307 · management and general $1,307
-
22 · Depreciation, depletion and amortization
total $7,263 · management and general $7,263
-
23 · Insurance
total $8,234 · management and general $8,234
-
24a · Other expenses: FEDERAL & STATE UNRELAT
total $75,334 · program services $75,334
-
24b · Other expenses: COMMUNICATIONS & PROMOT
total $135,792 · fundraising $135,792
-
24c · Other expenses: FUNDRAISING EXPENSE
total $119,937 · fundraising $119,937
-
24d · Other expenses: TAXES, LICENSES & FEES
total $66,017 · management and general $64,629 · fundraising $1,388
-
24e · All other expenses
total $45,602 · management and general $28,808 · fundraising $16,794
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,643,297 · end of year $2,126,204
-
4 · Accounts receivable
beginning of year $23,972 · end of year $2,575
-
7 · Other notes and loans receivable
end of year $294,801
-
11 · Investments: publicly traded securities
beginning of year $64,787,604 · end of year $76,571,185
-
12 · Investments: other securities
beginning of year $12,471,544 · end of year $12,550,560
-
15 · Other assets
beginning of year $78,261 · end of year $184,402
-
17 · Accounts payable and accrued expenses
beginning of year $68,625 · end of year $162,074
-
25 · Other liabilities
beginning of year $14,828,676 · end of year $18,815,816
-
27 · Net assets without donor restrictions
beginning of year $49,743,451 · end of year $56,496,127
-
28 · Net assets with donor restrictions
beginning of year $14,363,926 · end of year $16,255,710
Mission and programs · 2024
Mission
THE COMMUNITY FOUNDATION FOR NORTHEAST GEORGIA, INC. WAS FOUNDED TO IMPROVE THE QUALITY OF COMMUNITY LIFE THROUGH INCREASED PHILANTHROPY. THE FOUNDATION IS A PUBLIC CHARITY FORMED TO BENEFIT THE CITIZENS OF NORTHEAST GEORGIA THROUGH THE DEVELOPMENT OF ENDOWMENT FUNDS. THE FOUNDATION RECEIVES CHARITABLE CONTRIBUTIONS THAT ARE THEN INVESTED WITH THE INCOME DISBURSED TO NONPROFIT ORGANIZATIONS SERVING IN THE AREAS OF HEALTH, HUMAN SERVICES, EDUCATION, COMMUNITY SERVICE AND THE ARTS.
Activities or mission (Part I)
THE FOUNDATION HAS THREE PRINCIPAL GOALS:1) TO BUILD A PERMANENT BASE OF CHARITABLE FUNDS THAT WILL BENEFIT NONPROFIT AGENCIES SERVING THE NORTHEAST GEORGIA REGION;2) TO IDENTIFY ESSENTIAL HUMAN NEEDS AND PROMISING OPPORTUNITIES IN THE COMMUNITY ESPECIALLY AS THEY IMPACT THE LESS FORTUNATE AND TO DEVELOP RESOURCES TO ADDRESS THEM; AND3) TO ACQUAINT DONORS WITH THE IMPORTANCE OF PRIVATE PHILANTHROPY AS IT RELATES TO IMPROVING THE QUALITY OF LIFE OF THE COMMUNITY.
-
DISTRIBUTING INVESTMENT INCOME TO NON-PROFIT ORGANIZATIONS SERVING IN THE AREAS OF HEALTH, HUMAN SERVICES, EDUCATION, COMMUNITY SERVICE AND THE ARTS
Expenses $13,868,295 · Grants $13,473,513
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Scott PhelanSCOTT PHELAN
CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Kim A HartsockKIM A HARTSOCK
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Robin F SansoneROBIN F SANSONE
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Kenneth M MassaroniKENNETH M MASSARONI
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
Margaret BugbeeMARGARET BUGBEE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Adam C WilsonADAM C WILSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Sal AjaniSAL AJANI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Bin LiuBIN LIU
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Carla T CarrawayCARLA T CARRAWAY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Daniel J KingDANIEL J KING
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dave CookDAVE COOK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
David R StillDAVID R STILL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dean CollinsDEAN COLLINS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Donna BeattyDONNA BEATTY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dick LoprestiDICK LOPRESTI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Matt BenvegnaMATT BENVEGNA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dr Calvin J WattsDR CALVIN J WATTS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dr Daniel J KaufmanDR DANIEL J KAUFMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Maggie Micheals DecanMAGGIE MICHEALS DECAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Ethel D Andersen JDETHEL D ANDERSEN JD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
James D Dennard JrJAMES D DENNARD JR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jill EdwardsJILL EDWARDS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jill KershJILL KERSH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jim JoedeckeJIM JOEDECKE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Julia DavisJULIA DAVIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Julie Keeton ArnoldJULIE KEETON ARNOLD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
K Clifford Bray IIK CLIFFORD BRAY II
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Kathryn KieserKATHRYN KIESER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Peyton JamisonPEYTON JAMISON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Michael ParkMICHAEL PARK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Monty G WatsonMONTY G WATSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Nathan PowellNATHAN POWELL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Cheryl Deluca-JohnsonCHERYL DELUCA-JOHNSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Gregory E LangGREGORY E LANG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
J Michael LevengoodJ MICHAEL LEVENGOOD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Rep Sam ParkREP SAM PARK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Tim MinardTIM MINARD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Emory MorsbergerEMORY MORSBERGER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Sandra J StricklandSANDRA J STRICKLAND
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Santiago R MarquezSANTIAGO R MARQUEZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Scott JordanSCOTT JORDAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Brian PeartBRIAN PEART
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Sloan JonesSLOAN JONES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Susie CollatSUSIE COLLAT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Terry SwaimTERRY SWAIM
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mary UlichMARY ULICH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Veronica Maldonado-TorresVERONICA MALDONADO-TORRES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Wayne D EllisonWAYNE D ELLISON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
William F McCargoWILLIAM F MCCARGO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Depriest WaddyDEPRIEST WADDY
PRESIDENT/CEO
- Total calculated
- $270,967
- From this org
- $251,667
- From related orgs
- $0
- Other
- $19,300
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $251,667
- Bonus
- $0
- Other
- $0
- Deferred
- $15,100
- Nontaxable benefits
- $4,200
- Filer's total
- $270,967
-
Maria Sullivan WaldenMARIA SULLIVAN WALDEN
DIR OF DEVELOPMENT
- Total calculated
- $136,553
- From this org
- $118,064
- From related orgs
- $0
- Other
- $18,489
- 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. 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
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
-
12STONE CHURCH
$0
SUPPORT THE CHARITABLE MISSION OF THE 501(C)(3) RECIPIENT ORGANIZATION
-
GIBBS MEMORIAL BAPTIST CHURCH
$0
SUPPORT THE CHARITABLE MISSION OF THE 501(C)(3) RECIPIENT ORGANIZATION
-
PEACHTREE CORNERS ARTS INC
$0
SUPPORT THE CHARITABLE MISSION OF THE 501(C)(3) RECIPIENT ORGANIZATION
-
PEBBLE TOSSERS INC
$0
SUPPORT THE CHARITABLE MISSION OF THE 501(C)(3) RECIPIENT ORGANIZATION
-
PHILADELPHIA COLLEGE OF OSTEOPATHIC MEDICINE
$0
SUPPORT THE CHARITABLE MISSION OF THE 501(C)(3) RECIPIENT ORGANIZATION
-
PHIT WORLD FOUNDATION
$0
SUPPORT THE CHARITABLE MISSION OF THE 501(C)(3) RECIPIENT ORGANIZATION
-
PLEASANT HILL PRESBYTERIAN CHURCH
$0
SUPPORT THE CHARITABLE MISSION OF THE 501(C)(3) RECIPIENT ORGANIZATION
-
FBC LOGANVILLE
$0
SUPPORT THE CHARITABLE MISSION OF THE 501(C)(3) RECIPIENT ORGANIZATION
-
FCA FORSYTH COUNTY
$0
SUPPORT THE CHARITABLE MISSION OF THE 501(C)(3) RECIPIENT ORGANIZATION
-
FEED MY SHEEP INC
$0
SUPPORT THE CHARITABLE MISSION OF THE 501(C)(3) RECIPIENT ORGANIZATION
The 10 largest by cash amount. The API serves every itemized grant.
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.
-
THE HUDGENS SUPPORTING FOUNDATION INC
501(C)(3) · SUPPORTING ORGANIZATION OF CFNEG · GA
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 13 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202523189349301502
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.