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Nonprofiteer
← CAPACITY INC

Form 990 for tax year 2024

Filed by CAPACITY INC.

Totals

Total revenue
$33,618
Total expenses
$59,488
Contributions and grants received
$33,363
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$255
Total assets, end of year
$203,575
Total liabilities, end of year
$110
Net assets or fund balances, end of year
$203,465
Program services expenses (Part IX)
$50,090
Management and general expenses
$9,398
Fundraising expenses
$0
Program service expenses (Part III)
$50,090

Program services were 84.2% 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

    $33,363

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 11a · Other revenue: OTHER INCOME

    total $255 · excluded $255

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $255

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $2,835 · management and general $2,835

  • 11g · Fees: other

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 12 · Advertising and promotion

    total $1,500 · management and general $1,500

  • 13 · Office expenses

    total $971 · management and general $971

  • 23 · Insurance

    total $3,474 · management and general $3,474

  • 24a · Other expenses: SWEET AUBURN

    total $50,090 · program services $50,090

  • 24b · Other expenses: DUES & SUBSCRIPTIONS

    total $618 · management and general $618

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $235,448 · end of year $198,206

  • 4 · Accounts receivable

    beginning of year $450 · end of year $5,369

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 10a · Land, buildings and equipment: cost or other basis

    $0

  • 10b · Land, buildings and equipment: accumulated depreciation

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $6,563 · end of year $110

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $210,413 · end of year $184,543

  • 28 · Net assets with donor restrictions

    beginning of year $18,922 · end of year $18,922

Mission and programs · 2024

Mission

TO BUILD A 21ST CENTURY DOWNTOWN AS THE HEART OF THE ATLANTA REGION - A VIBRANT COMMUNITY WITH STRONG LEADERSHIP AND SUSTAINABLE INFRASTRUCTURE THAT IS SAFE, LIVABLE, DIVERSE, ECONOMICALLY VIABLE, ACCESSIBLE, CLEAN, HOSPITABLE, AND ENTERTAINING.

Activities or mission (Part I)

TO BUILD A 21ST CENTURY DOWNTOWN AS THE HEART OF THE ATLANTA REGION.

  • SWEET AUBURN: SWEET AUBURN TECHNICAL ASSISTANCE AND PREDEVELOPMENT ASSISTANCE FUND (SWEET AUBURN) THAT WAS CREATED TO ENCOURAGE THE REDEVELOPMENT OF THE EASTERN DOWNTOWN ATLANTA AREA, SPECIFICALLY THE SWEET AUBURN AREA. THE PROJECT IS TO PROVIDE REAL ESTATE DEVELOPMENT AND ECONOMIC VIBRANCY.

    Expenses $50,090

As filed on the 2024 return.

Listed in Part VII

  • ADAM OATES

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 0.5 related
  • AMBRISH BAISIWALA

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 0.5 related
  • ANDREA FARLEY

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 0.5 related
  • BILL HOLLETT

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 0.5 related
  • BRETT JEWKES

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 0.5 related
  • BRIAN DAVIS

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1 + 0.5 related
  • DAVID LEE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 0.5 related
  • DAVID NELSON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 0.5 related
  • DAVID TODD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 0.5 related
  • DONNA HALL

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 0.5 related
  • EDDIE MEYERS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 0.5 related
  • EGBERT PERRY

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 0.5 related
  • JEROME RUSSELL

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 0.5 related
  • LISA HARRIS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 0.5 related
  • M BRIAN BLAKE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 0.5 related
  • MARK VOLLBRECHT

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 0.5 related
  • MELISSA FRAWLEY

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 0.5 related
  • MIAO WANG

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 0.5 related
  • RICHARD ROSENBLATT

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 0.5 related
  • ROBERT MARICICH

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 0.5 related
  • RON TARSON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 0.5 related
  • SEAN LEE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 0.5 related
  • SONJI JACOBS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 0.5 related
  • STEVE LABOVITZ

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 0.5 related
  • SUSANA CHAVEZ

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 0.5 related
  • SUZANNE MAYNARD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 0.5 related
  • TAYLOR WHITE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 0.5 related
  • TERRI BLOCK

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 0.5 related
  • AJ ROBINSON

    PRESIDENT

    Total calculated
    $740,908
    From this org
    $0
    From related orgs
    $701,016
    Other
    $39,892
    Hours/week
    0.5 + 69.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $467,516 related
    Bonus
    $0 + $233,500 related
    Other
    $0
    Deferred
    $0 + $15,413 related
    Nontaxable benefits
    $0 + $24,479 related
    Filer's total
    $0 + $740,908 related
  • JENNIFER BALL

    CHIEF OPERATING OFFICER

    Total calculated
    $217,213
    From this org
    $0
    From related orgs
    $192,512
    Other
    $24,701
    Hours/week
    1 + 70 related

    Schedule J breakdown matched by us

    Base
    $0 + $142,512 related
    Bonus
    $0 + $50,000 related
    Other
    $0
    Deferred
    $0 + $5,700 related
    Nontaxable benefits
    $0 + $19,001 related
    Filer's total
    $0 + $217,213 related
  • T'SHURA JOHNSON

    CONTROLLER

    Total calculated
    $146,600
    From this org
    $0
    From related orgs
    $127,000
    Other
    $19,600
    Hours/week
    1 + 55 related

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

  • 3 · Compensation committee
  • 3 · Written employment contract
  • 3 · Approval by the board or compensation committee

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

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.

Provenance

Return type
form_990
Tax year
2024
Filed
13 November 2025
IRS schema version
2024v5.1
Source object
202513179349309511

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