Form 990 for tax year 2022

Totals

Total revenue

$192,513

Total expenses

$189,893

Contributions and grants received

$150,800

Grants paid

$44,546

Program service revenue

$31,794

Investment income

$417

Other revenue

$9,502

Total assets, end of year

$320,674

Total liabilities, end of year

$10,106

Net assets or fund balances, end of year

$310,568

Program services expenses (Part IX)

$140,375

Management and general expenses

$49,518

Fundraising expenses

$0

Program service expenses (Part III)

$140,375

Program services were 73.9% 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.

Mission and programs · 2022

• COMMUNITY SPONSORSHIP: THE ORGANIZATION, THROUGH ITS FUNDRAISING ACTIVITIES, SUPPORTS THE LAKE RABUN FUND MAINTAINED BY THE NORTH GEORGIA COMMUNITY FOUNDATION, A 501(C)(3) ORGANIZATION. IN 2022, THE FUND AWARDED FIFTEEN 4-YEAR SCHOLARSHIPS ($3,500 PER YEAR) FOR RABUN COUNTY STUDENTS ATTENDING ACCREDITED HIGHER LEARNING INSTITUTIONS, FIVE TECHNICAL SCHOOL SCHOLARSHIPS ($1,000 PER YEAR), AND TWO GRADUATE SCHOOL SCHOLARSHIPS ($5,000 NONRECURRING GRANTS). DURING 2022, THE LAKE RABUN FUND SUPPORTED A TOTAL OF 54 STUDENTS ACTIVELY SHARING $156,000 IN ANNUAL SCHOLARSHIP FUNDING. IN ADDITION, THE LAKE RABUN FUND DONATED $100,050 TO OVER 40 CHARITABLE ORGANIZATIONS OPERATING IN THE RABUN COUNTY COMMUNITY DURING 2022.

  Expenses $44,546 · Grants $44,546

• SOCIAL WELFARE: THE ORGANIZATION PROMOTES SOCIAL WELFARE AND QUALITY OF LIFE FOR LAKE RESIDENTS AND VISITORS THROUGH A VARIETY OF EVENTS, INCLUDING MEMORIAL DAY, FOURTH OF JULY, LABOR DAY, AND THANKSGIVING ACTIVITIES. THE ORGANIZATION ALSO SPONSORS OTHER COMMUNITY BASED PROGRAMS SUCH AS LAKE CLEAN UP DAYS, LAKE AND BOATER SAFETY TRAINING, AND EDUCATIONAL PROGRAMS.

  Expenses $90,827 · Revenue $31,794

• CONSERVATION AND PRESERVATION: THE ORGANIZATION'S LAKE CLEAN UP DAYS, LAKE AND BOATER SAFETY TRAINING, AND EDUCATIONAL PROGRAMS, AS WELL AS THE CONTRIBUTIONS OF ORGANIZATION VOLUNTEERS INVOLVED IN HEMLOCK TREATMENT AND ADOPT A TRAIL PROGRAMS, CONTRIBUTE SIGNIFICANTLY TO PRESERVATION OF THE LAKE AND SURROUNDING COMMUNITY FOR PUBLIC ENJOYMENT. THE ORGANIZATION, BASED UPON THE 2021 COMPLETION OF A STUDY REGARDING THE PHYSICAL AND ENVIRONMENTAL IMPACT OF SIGNIFICANT INCREASES IN WAKE AND WAVE ACTIVITY ON LAKE RABUN, INCREASED ITS EDUCATIONAL EFFORTS DURING 2022 TO MAXIMIZE WATER SAFETY FOR ALL RESIDENTS AND VISITORS.

  Expenses $5,002

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

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

• NORTH GEORGIA COMMUNITY FOUNDATION INC

  $44,546

  SCHOLARSHIPS FOR GRADUATES OF RABUN COUNTY HIGH SCHOOLS AND COMMUNITY OUTREACH PROGRAMS.

Provenance

Return type

form_990

Tax year

2022

Filed

12 November 2023

IRS schema version

2022v5.0

Source object

202323179349302137

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