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← ATHENS TECH FOUNDATION INC

Form 990 for tax year 2023

Filed by ATHENS TECH FOUNDATION INC.

What the amendment changed

Compared with the return it replaced , filed 15 May 2024. matched by us Only the Part I totals and the names listed in Part VII are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Total revenue
$412,714 changed to $614,014
Contributions and grants received
$284,048 changed to $485,348
Grants paid
$119,696 changed to $315,319
Program services expenses
$415,347 changed to $514,799
Management and general expenses
$75,388 changed to $25,662
Fundraising expenses
$73,689 changed to $23,963
Program service expenses (Part III)
$415,347 changed to $514,799

Listed only on the earlier return

  • Michelle Ruebush
  • Terry Wingfield Jr

Listed only on the later return

  • Bill Bushnell
  • Dwain Evans
  • Joy Pirkel
  • Patricia Dixen

Listed under a different title

  • Jeff Petey Petrea: DIRECTOR then BOARD CHAIR
  • Leslie Friedman: VICE- CHAIR then VICE-CHAIR

Totals

Total revenue
$614,014
Total expenses
$564,424
Contributions and grants received
$485,348
Grants paid
$315,319
Program service revenue
$25,665
Investment income
$68,147
Other revenue
$34,854
Total assets, end of year
$1,979,460
Total liabilities, end of year
$53,513
Net assets or fund balances, end of year
$1,925,947
Program services expenses (Part IX)
$514,799
Management and general expenses
$25,662
Fundraising expenses
$23,963
Program service expenses (Part III)
$514,799

Program services were 91.2% 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.

  • 1c · Fundraising events

    $9,845

  • 1f · All other contributions, gifts and grants

    $475,503

  • 1g · Noncash contributions included above

    $289,272

  • 2a · Program service revenue: PROGRAM SERVICE INCOME

    total $25,665 · related or exempt $25,665

  • 3 · Investment income

    total $68,147 · related or exempt $68,147

  • 8a · Fundraising events: gross income

    $76,646

  • 8a · Fundraising events: contributions included on line 1c

    $9,845

  • 8b · Fundraising events: direct expenses

    $41,792

  • 8c · Net income from fundraising events

    total $34,854 · excluded $34,854

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $149,178 · program services $149,178

  • 2 · Grants to domestic individuals

    total $166,141 · program services $166,141

  • 7 · Other salaries and wages

    total $21,750 · program services $7,250 · management and general $7,250 · fundraising $7,250

  • 11c · Fees: accounting

    total $19,860 · program services $9,930 · management and general $9,930

  • 11g · Fees: other

    total $1,500 · program services $750 · management and general $750

  • 12 · Advertising and promotion

    total $12,886 · fundraising $12,886

  • 13 · Office expenses

    total $696 · management and general $696

  • 14 · Information technology

    total $10,235 · program services $6,985 · management and general $392 · fundraising $2,858

  • 17 · Travel

    total $547 · management and general $547

  • 19 · Conferences, conventions and meetings

    total $4,835 · program services $2,465 · management and general $1,837 · fundraising $533

  • 23 · Insurance

    total $2,931 · management and general $2,931

  • 24a · Other expenses: INSTITUTIONAL SUPPORT

    total $158,778 · program services $158,778

  • 24b · Other expenses: PROGRAM EXPENSE

    total $11,113 · program services $11,113

  • 24c · Other expenses: IN-KIND SUPPLIES

    total $1,773 · program services $1,773

  • 24d · Other expenses: BANKING FEES

    total $1,309 · program services $436 · management and general $437 · fundraising $436

  • 24e · All other expenses

    total $892 · management and general $892

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $211,331 · end of year $36,234

  • 4 · Accounts receivable

    end of year $750

  • 10a · Land, buildings and equipment: cost or other basis

    $222,688

  • 10b · Land, buildings and equipment: accumulated depreciation

    $144,561

  • 10c · Land, buildings and equipment, net

    end of year $78,127

  • 11 · Investments: publicly traded securities

    beginning of year $267,512 · end of year $299,789

  • 12 · Investments: other securities

    beginning of year $1,439,111 · end of year $1,511,047

  • 15 · Other assets

    beginning of year $61,578 · end of year $53,513

  • 25 · Other liabilities

    beginning of year $61,578 · end of year $53,513

  • 27 · Net assets without donor restrictions

    beginning of year $211,331 · end of year $115,111

  • 28 · Net assets with donor restrictions

    beginning of year $1,706,623 · end of year $1,810,836

Mission and programs · 2023

Mission

TO PARTNER WITH ATHENS TECHNICAL COLLEGE AND WITH THE COMMUNITY TO BUILD THE WORKFORCE OF TODAY AND FOR THE FUTURE.

  • THE ATHENS TECH FOUNDATION PROVIDES SCHOLARSHIPS TO STUDENTS EACH TERM BASED ON THEIR FINANCIAL NEED AND SCHOLASTIC ABILITY AS WELL AS GED VOUCHERS. THE FOUNDATION ALSO PAYS FOR PROFESSIONAL DEVELOPMENT FOR ATHENS TECHNICAL COLLEGE.

    Expenses $514,799 · Grants $315,319 · Revenue $25,665

As filed on the 2023 return.

Listed in Part VII

  • Jeff Petey Petrea

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    2
  • Leslie Friedman

    VICE-CHAIR

    Total calculated
    $0
    Hours/week
    2
  • Susan Bogardus

    SECRETARY

    Total calculated
    $0
    Hours/week
    1
  • Katherine Alexander

    TREASURER

    Total calculated
    $0
    Hours/week
    1
  • Elaine Cook

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Jean Mullis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Lori Lord

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Patricia Dixen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Teri Smiley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Michelle Morgan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Joy Pirkel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Paul Cramer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Whit Richardson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Sam Young

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Jeff Brown

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Graham Joyner

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Bill Bushnell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Dwain Evans

    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

Provenance

Return type
form_990
Tax year
2023
Filed
3 September 2024
IRS schema version
2023v5.0
Source object
202432499349301563

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