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Nonprofiteer
← ROI FUND INC

Form 990 for tax year 2022

Filed by ROI FUND INC.

Totals

Total revenue
$209,578
Total expenses
$902,265
Contributions and grants received
$0
Grants paid
$750,759
Program service revenue
$0
Investment income
$209,578
Other revenue
$0
Total assets, end of year
$16,089,739
Total liabilities, end of year
$200,000
Net assets or fund balances, end of year
$15,889,739
Program services expenses (Part IX)
$750,759
Management and general expenses
$151,506
Fundraising expenses
$0
Program service expenses (Part III)
$750,759

Program services were 83.2% 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.

  • 3 · Investment income

    total $209,578 · unrelated business $8,677 · excluded $200,901

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $750,759 · program services $750,759

  • 11a · Fees: management

    total $116,432 · management and general $116,432

  • 11c · Fees: accounting

    total $17,691 · management and general $17,691

  • 13 · Office expenses

    total $5 · management and general $5

  • 24a · Other expenses: CITY & COUNTY TAXES

    total $16,727 · management and general $16,727

  • 24b · Other expenses: UNRELATED BUSINESS TAX

    total $651 · management and general $651

Balance sheet

Part X, book values.

  • 11 · Investments: publicly traded securities

    beginning of year $10,295,410 · end of year $10,095,623

  • 12 · Investments: other securities

    beginning of year $7,113,083 · end of year $4,974,518

  • 15 · Other assets

    beginning of year $1,017,354 · end of year $1,019,598

  • 18 · Grants payable

    end of year $200,000

  • 27 · Net assets without donor restrictions

    beginning of year $18,425,847 · end of year $15,889,739

Mission and programs · 2022

Mission

TO CARRY OUT THE PURPOSES OF THE COMMUNITY FOUNDATION FOR GREATER ATLANTA, INC.

Activities or mission (Part I)

ROI FUND IS A SUPPORTING ORGANIZATION OF THE COMMUNITY FOUNDATION OF GREATER ATLANTA, ONE OF THE LARGEST COMMUNITY FOUNDATIONS IN THE US. ROI FUND WILL CARRY OUT ITS EXEMPT CHARITABLE PURPOSES AND FUNCTIONS BY MAKING GRANTS TO PUBLIC CHARITIES SUPPORTED BY THE COMMUNITY FOUNDATION FOR GREATER ATLANTA.

  • ROI FUND MADE GRANTS TO PUBLIC CHARITIES SUPPORTED BY THE COMMUNITY FOUNDATION.

    Expenses $750,759 · Grants $750,759

As filed on the 2022 return.

Listed in Part VII

  • SIDNEY WISE

    DIRECTOR

    Total calculated
    $71,869
    From this org
    $0
    From related orgs
    $71,801
    Other
    $68
    Hours/week
    1 + 40 related

  • MILLARD CHOATE

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • ALEX HERTZ

    TREASURER

    Total calculated
    $0
    Hours/week
    0

  • SUSAN CHOATE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ROBERT KENNEDY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

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

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
2022
Filed
2 November 2023
IRS schema version
2022v5.0
Source object
202323079349302857

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