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Nonprofiteer
← ATLANTA METROPOLITAN COLLEGE FOUNDATION INC

Form 990 for tax year 2022

Filed by ATLANTA METROPOLITAN COLLEGE FOUNDATION INC.

Totals

Total revenue
$600,334
Total expenses
$466,687
Contributions and grants received
$274,420
Grants paid
$217,170
Program service revenue
$311,481
Investment income
$14,433
Other revenue
$0
Total assets, end of year
$9,261,103
Total liabilities, end of year
$8,126,180
Net assets or fund balances, end of year
$1,134,923
Program services expenses (Part IX)
$396,888
Management and general expenses
$63,025
Fundraising expenses
$6,774
Program service expenses (Part III)
$396,888

Program services were 85.0% 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

    $274,420

  • 2a · Program service revenue: RENTAL INCOME

    total $311,481 · related or exempt $311,481

  • 3 · Investment income

    total $15,367 · excluded $15,367

  • 7b · Less cost or other basis and sales expenses

    securities $934

  • 7c · Gain or loss

    securities -$934

  • 7d · Net gain or loss

    total -$934 · excluded -$934

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $217,170 · program services $217,170

  • 11c · Fees: accounting

    total $43,600 · management and general $43,600

  • 11f · Fees: investment management

    total $548 · management and general $548

  • 11g · Fees: other

    total $20,676 · program services $13,732 · management and general $6,944

  • 13 · Office expenses

    total $1,962 · program services $190 · management and general $1,772

  • 19 · Conferences, conventions and meetings

    total $16,935 · management and general $10,161 · fundraising $6,774

  • 20 · Interest

    total $165,796 · program services $165,796

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $339,983 · end of year $304,525

  • 12 · Investments: other securities

    beginning of year $533,698 · end of year $584,086

  • 15 · Other assets

    beginning of year $8,598,435 · end of year $8,372,492

  • 17 · Accounts payable and accrued expenses

    beginning of year $11,422 · end of year $18,362

  • 20 · Tax-exempt bond liabilities

    beginning of year $8,496,687 · end of year $8,107,818

  • 27 · Net assets without donor restrictions

    beginning of year $627,109 · end of year $727,756

  • 28 · Net assets with donor restrictions

    beginning of year $336,898 · end of year $407,167

Mission and programs · 2022

Mission

TO SUPPORT AND ENHANCE ATLANTA METROPOLITAN COLLEGE BY ENCOURAGING CHARITABLE GIFTS LEADING TO ACADEMIC PROGRAMS OF EXCELLENCE.

  • CAMPUS FACILITIES

    Expenses $179,718 · Revenue $311,481

  • ACADEMIC AND EDUCATION

    Expenses $165,717 · Grants $165,717

  • OTHER PROGRAM SUPPORT

    Expenses $51,453 · Grants $51,453

As filed on the 2022 return.

Listed in Part VII

  • Skip Vaughan

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Gita Hendessi Gardner

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Pamela D Cross

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Tita Stewart

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Ingrid N Thompson-Sellers

    DIRECTOR EX OFFICIO, PRESI

    Total calculated
    $0
    Hours/week
    1

  • Sharmen Gowens

    GOVERNANCE COMMITTEE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Dianne Wisner

    DEVELOPMENT COMM CO-CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Stacey Abrams

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Veronica Adadevoh

    DEVELOPMENT COMM CO-CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Janice Andrews

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Nick Henry

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Reginald Moore

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • John O'Callaghan

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Leisa Stafford

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Henry Hank Thomas

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Michael L Thurmond

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Willie A Watkins

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Sheila Tenney

    EXECUTIVE DIRECTOR

    Total calculated
    $19,281
    From this org
    $19,281
    From related orgs
    $0
    Other
    $0
    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.

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

The filer's explanations (Part III)

FORM 990 PART VII LINE 1A
LISTED ON FORM 990 PART VII LINE 1A IS EXECUTIVE DIRECTOR, SHEILA TENNEY, WHOSE COMPENSATION IS PAID BY AN UNRELATED ENTITY, ATLANTA METROPOLITAN STATE COLLEGE AND REPORTED UNDER EIN #58-1109222. TOTAL REPORTABLE COMPENSATION FOR CALENDAR YEAR 2022 WAS $19,281.

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

  • ATLANTA METROPOLITAN STATE COLLEGE

    $217,170

    OPERATIONAL SUPPORT, GAP SCHOLARSHIPS

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.

  • AMC CAMPUS PROJECT I LLC

    LEASING TO ATLANTA METROPOLITAN STATE COLLEGE · GA · income $347,217 · assets $8,551,547

    Directly controlled by ATLANTA METROPOLITAN COLLEGE FOUNDATION INC

Provenance

Return type
form_990
Tax year
2022
Filed
16 January 2024
IRS schema version
2022v5.0
Source object
202410179349301301

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