Totals
- Total revenue
- $21,109,208
- Total expenses
- $666,562
- Contributions and grants received
- $3,986,903
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $16,722,305
- Other revenue
- $400,000
- Total assets, end of year
- $97,471,770
- Total liabilities, end of year
- $52,001,686
- Net assets or fund balances, end of year
- $45,470,084
- Program services expenses (Part IX)
- $0
- Management and general expenses
- $666,562
- Fundraising expenses
- $0
- Program service expenses (Part III)
- not reported
Program services were 0.0% 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
$3,986,903
-
3 · Investment income
total $2,042,745 · excluded $2,042,745
-
7a · Gross sales of assets other than inventory
securities $122,925,555
-
7b · Less cost or other basis and sales expenses
securities $108,245,995
-
7c · Gain or loss
securities $14,679,560
-
7d · Net gain or loss
total $14,679,560 · excluded $14,679,560
-
11a · Other revenue: INVESTMENT SERVICES
total $400,000 · related or exempt $400,000
-
11e · Other revenue, total
$400,000
Functional expenses
Part IX, the statement of functional expenses.
-
11c · Fees: accounting
total $1,500 · management and general $1,500
-
11f · Fees: investment management
total $262,204 · management and general $262,204
-
13 · Office expenses
total $2,858 · management and general $2,858
-
24a · Other expenses: ADMINISTRATIVE SERVICES
total $400,000 · management and general $400,000
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $81,266,340 · end of year $97,471,770
-
25 · Other liabilities
beginning of year $48,752,085 · end of year $52,001,686
-
29 · Capital stock, trust principal or current funds
beginning of year $0 · end of year $0
-
30 · Paid-in or capital surplus, or land, building or equipment fund
beginning of year $0 · end of year $0
-
31 · Retained earnings, endowment or other funds
beginning of year $32,514,255 · end of year $45,470,084
Mission and programs · 2024
Mission
THE ORGANIZATION'S MISSION IS TO RAISE AND INVEST FUNDS TO SUPPORT THE REACH GEORGIA PROGRAM.
Activities or mission (Part I)
TO RAISE AND INVEST FUNDS TO SUPPORT THE REACH GEORGIA PROGRAM. ACTIVITIES INCLUDE FUNDRAISING, CREATING AWARENESS AND MANAGING INVESTMENTS.
-
THE FOUNDATION RAISED MONEY THROUGH STATEWIDE PRIVATE FUNDRAISING AND CREATING AWARENESS FOR THE REACH GEORGIA PROGRAM WITHIN LOCAL SCHOOL DISTRICTS. THE PROGRAM HAS SUPPORTED MORE THAN 5,000 STUDENTS FROM LOW-INCOME HOUSEHOLDS AND HAS SERVED ALL 180 PUBLIC CITY AND COUNTY SCHOOL SYSTEMS ACROSS THE STATE OF GEORGIA. PARTICIPATING SCHOOL SYSTEMS PAIR SCHOLARS WITH MENTORS AND ACADEMIC COACHES TO ENSURE THE STUDENTS HAVE THE EDUCATIONAL, SOCIAL, AND FINANCIAL SUPPORT NEEDED TO SUCCESSFULLY GRADUATE FROM HIGH SCHOOL, ACCESS COLLEGE, AND ACHIEVE A POSTSECONDARY DEGREE.
-
THE FOUNDATION INVESTED FUNDS FROM THE ORGANIZATION'S FUNDRAISING EFFORTS AS WELL AS FUNDS THAT HAVE BEEN DONATED FROM LOCAL SCHOOL SYSTEMS AND THEIR COMMUNITIES. THOSE FUNDS ARE HELD ON BEHALF OF THE GEORGIA STUDENT FINANCE AUTHORITY TO PROVIDE FOR FUTURE SCHOLARSHIP AWARDS FOR REACH SCHOLARS AS WELL AS ADMINISTRATIVE AND SUPPORT SERVICES.
As filed on the 2024 return.
Listed in Part VII
-
Stephen BebaunSTEPHEN BEBAUN
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Lisa GarrisonLISA GARRISON
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
Kimberly KnightKIMBERLY KNIGHT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Bill GallagherBILL GALLAGHER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Tj AbramsTJ ABRAMS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Katie ChastainKATIE CHASTAIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Jamie McCurryJAMIE MCCURRY
EX-OFFICIO
- Total calculated
- $0
- Hours/week
- 0.1
-
Carl PeoplesCARL PEOPLES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Gus Pursley IIIGUS PURSLEY III
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Brad SimsBRAD SIMS
EX-OFFICIO
- Total calculated
- $0
- Hours/week
- 0.1
-
Russell SmithRUSSELL SMITH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Charles SutliveCHARLES SUTLIVE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Liz WolvertonLIZ WOLVERTON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Chris Green Gsfc PresidentCHRIS GREEN GSFC PRESIDENT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Tracy Ireland Ex-OfficioTRACY IRELAND EX-OFFICIO
CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Jenna ColvinJENNA COLVIN
VICE CHAIR
- 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
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 27 October 2025
- IRS schema version
- 2024v5.2
- Source object
- 202503039349300445
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