Form 990 for tax year 2023
Filed by COMMUNITY FOUNDATION OF CENTRAL GEORGIA INC.
Totals
- Total revenue
- $11,032,103
- Total expenses
- $11,265,934
- Contributions and grants received
- $6,301,569
- Grants paid
- $8,815,420
- Program service revenue
- $0
- Investment income
- $4,730,534
- Other revenue
- $0
- Total assets, end of year
- $179,298,179
- Total liabilities, end of year
- $29,938,394
- Net assets or fund balances, end of year
- $149,359,785
- Program services expenses (Part IX)
- $9,439,896
- Management and general expenses
- $1,431,725
- Fundraising expenses
- $394,313
- Program service expenses (Part III)
- $9,439,896
Program services were 83.8% 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.
-
1e · Government grants (contributions)
$625,000
-
1f · All other contributions, gifts and grants
$5,676,569
-
1g · Noncash contributions included above
$1,065,681
-
3 · Investment income
total $4,296,538 · excluded $4,296,538
-
7a · Gross sales of assets other than inventory
securities $13,230,643
-
7b · Less cost or other basis and sales expenses
securities $12,796,647
-
7c · Gain or loss
securities $433,996
-
7d · Net gain or loss
total $433,996 · excluded $433,996
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $7,349,386 · program services $7,349,386
-
2 · Grants to domestic individuals
total $1,466,034 · program services $1,466,034
-
5 · Compensation of officers, directors and key employees
total $411,000 · program services $132,600 · management and general $208,321 · fundraising $70,079
-
7 · Other salaries and wages
total $368,971 · program services $189,139 · management and general $74,418 · fundraising $105,414
-
8 · Pension plan contributions
total $66,019 · program services $30,540 · management and general $20,443 · fundraising $15,036
-
9 · Other employee benefits
total $85,276 · program services $35,176 · management and general $30,913 · fundraising $19,187
-
10 · Payroll taxes
total $52,684 · program services $24,371 · management and general $16,314 · fundraising $11,999
-
11b · Fees: legal
total $130 · management and general $130
-
11c · Fees: accounting
total $27,545 · management and general $27,545
-
11f · Fees: investment management
total $837,958 · management and general $837,958
-
11g · Fees: other
total $55,947 · program services $22 · management and general $55,925
-
13 · Office expenses
total $15,592 · program services $6,432 · management and general $5,652 · fundraising $3,508
-
14 · Information technology
total $94,947 · program services $39,166 · management and general $34,418 · fundraising $21,363
-
16 · Occupancy
total $9,671 · program services $3,989 · management and general $3,506 · fundraising $2,176
-
17 · Travel
total $23,598 · program services $9,734 · management and general $8,554 · fundraising $5,310
-
19 · Conferences, conventions and meetings
total $13,907 · program services $5,737 · management and general $5,041 · fundraising $3,129
-
22 · Depreciation, depletion and amortization
total $2,266 · program services $935 · management and general $821 · fundraising $510
-
23 · Insurance
total $12,644 · program services $5,216 · management and general $4,583 · fundraising $2,845
-
24a · Other expenses: COMMUNICATIONS
total $162,601 · program services $61,163 · management and general $57,105 · fundraising $44,333
-
24b · Other expenses: DONOR DEVELOPMENT
total $63,006 · fundraising $63,006
-
24c · Other expenses: LEASE EXPENSE
total $41,875 · program services $17,273 · management and general $15,180 · fundraising $9,422
-
24d · Other expenses: DUES & PUBLICATIONS
total $41,304 · program services $17,038 · management and general $14,973 · fundraising $9,293
-
24e · All other expenses
total $63,573 · program services $45,945 · management and general $9,925 · fundraising $7,703
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $53,142 · end of year $243,395
-
2 · Savings and temporary cash investments
beginning of year $15,015,431 · end of year $8,779,228
-
9 · Prepaid expenses and deferred charges
beginning of year $179,183 · end of year $125,850
-
10a · Land, buildings and equipment: cost or other basis
$76,599
-
10b · Land, buildings and equipment: accumulated depreciation
$76,599
-
10c · Land, buildings and equipment, net
beginning of year $2,266
-
11 · Investments: publicly traded securities
beginning of year $126,755,846 · end of year $144,209,252
-
15 · Other assets
beginning of year $25,624,616 · end of year $25,940,454
-
17 · Accounts payable and accrued expenses
beginning of year $6,449 · end of year $12,485
-
18 · Grants payable
beginning of year $1,375,754 · end of year $538,741
-
19 · Deferred revenue
beginning of year $125,000 · end of year $75,000
-
25 · Other liabilities
beginning of year $28,078,418 · end of year $29,312,168
-
27 · Net assets without donor restrictions
beginning of year $126,373,371 · end of year $137,327,057
-
28 · Net assets with donor restrictions
beginning of year $11,671,492 · end of year $12,032,728
Mission and programs · 2023
Mission
TO ENHANCE THE QUALITY OF LIFE FOR THE PEOPLE OF CENTRAL GEORGIA.
-
WE ARE A COMMUNITY FOUNDATION,OFFERING OUR DONORS THE OPPORTUNITY TO CREATE A LASTING LEGACY BY ESTABLISHING THEIR OWN CHARITABLE FUNDS AND TO SUPPORT THE CAUSES IN WHICH THEY BELIEVE.OUR ASSETS ARE ADMINISTERED EXCLUSIVELY FOR CHARITABLE PURPOSES,PRIMARILY FOR THE BENEFIT OF THE TWENTY-ONE COUNTIES COMPRISING THE CENTRAL GEORGIA REGION.WE SUPPORT AREA NONPROFITS THROUGH OUR NONPROFIT GRANT PROGRAM AND AREA STUDENTS THROUGH OUR SCHOLARSHIP PROGRAMS.
Expenses $9,439,896 · Grants $8,815,420
As filed on the 2023 return.
Listed in Part VII
-
Kathryn H DennisKATHRYN H DENNIS
PRES & BD ME
- Total calculated
- $285,127
- From this org
- $245,808
- From related orgs
- $0
- Other
- $39,319
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $245,808
- Bonus
- not reported
- Other
- not reported
- Deferred
- $17,740
- Nontaxable benefits
- $21,579
- Filer's total
- $285,127
-
Harriet W HamiltonHARRIET W HAMILTON
EXEC VICE PR
- Total calculated
- $216,871
- From this org
- $179,037
- From related orgs
- $0
- Other
- $37,834
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $179,037
- Bonus
- not reported
- Other
- not reported
- Deferred
- $14,580
- Nontaxable benefits
- $23,254
- Filer's total
- $216,871
-
Julia WoodJULIA WOOD
VP OF DEVEL
- Total calculated
- $141,928
- From this org
- $116,517
- From related orgs
- $0
- Other
- $25,411
- Hours/week
- 40
-
Ivan H AllenIVAN H ALLEN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Rachel S AyersRACHEL S AYERS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Shaw BlackmonSHAW BLACKMON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Charles BriscoeCHARLES BRISCOE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Cyndey C BusbeeCYNDEY C BUSBEE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Sheddrick L ClarkSHEDDRICK L CLARK
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 5
-
Cynde M DickeyCYNDE M DICKEY
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Myrtle S HabershamMYRTLE S HABERSHAM
BOARD CHAIRM
- Total calculated
- $0
- Hours/week
- 2
-
Matthew HellerMATTHEW HELLER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Howard S HollemanHOWARD S HOLLEMAN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
W M Jennings IIIW M JENNINGS III
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 5
-
G Boone Smith IVG BOONE SMITH IV
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Dominique JohnsonDOMINIQUE JOHNSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
David A Danzie JrDAVID A DANZIE JR
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Malcolm S Burgess JrMALCOLM S BURGESS JR
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Robert F Hatcher JrROBERT F HATCHER JR
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Steve L KrugerSTEVE L KRUGER
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Karen J LambertKAREN J LAMBERT
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Julia H MadgaJULIA H MADGA
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Sylvia W McGeeSYLVIA W MCGEE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 3
-
Marlan L NicholsMARLAN L NICHOLS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Casey L PaulkCASEY L PAULK
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Jonathan PittsJONATHAN PITTS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Noris PriceNORIS PRICE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Rudell RichardsonRUDELL RICHARDSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Bruce RigginsBRUCE RIGGINS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.2
-
Shawn StaffordSHAWN STAFFORD
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
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 · Form 990 of other organizations
- 3 · Compensation survey or study
- 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
-
SCHEDULE ATTACHED
$7,349,386
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Disregarded entities
Part I: entities that legally are the filer and file no return of their own.
-
REAL ESTAT · GA
Directly controlled by CFCG INC
-
REAL ESTAT · GA · assets $680,000
Directly controlled by CFCG HOLDI
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 4 December 2024
- IRS schema version
- 2023v5.0
- Source object
- 202403399349301220
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