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Nonprofiteer
← GEORGIA RESILIENCE AND OPPORTUNITY FUND INC

Form 990 for tax year 2024

Filed by GEORGIA RESILIENCE AND OPPORTUNITY FUND INC.

Totals

Total revenue
$5,164,786
Total expenses
$13,126,147
Contributions and grants received
$5,117,775
Grants paid
$11,704,012
Program service revenue
$0
Investment income
$44,761
Other revenue
$2,250
Total assets, end of year
$13,926,744
Total liabilities, end of year
$6,592,044
Net assets or fund balances, end of year
$7,334,700
Program services expenses (Part IX)
$12,847,004
Management and general expenses
$217,152
Fundraising expenses
$61,991
Program service expenses (Part III)
$12,847,004

Program services were 97.9% 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.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $5,117,775

  • 3 · Investment income

    total $44,761 · excluded $44,761

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6d · Net rental income or loss

    total $0

  • 7d · Net gain or loss

    total $0

  • 8c · Net income from fundraising events

    total $0

  • 9c · Net income from gaming

    total $0

  • 10c · Net income from sales of inventory

    total $0

  • 11a · Other revenue: HONORARIUM SPEAKING ENGAGEMENT

    total $2,250 · related or exempt $2,250

  • 11e · Other revenue, total

    $2,250

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $11,704,012 · program services $11,704,012

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $153,008 · program services $107,106 · management and general $30,601 · fundraising $15,301

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $868,467 · program services $734,240 · management and general $108,451 · fundraising $25,776

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $1,616 · program services $1,417 · management and general $162 · fundraising $37

  • 10 · Payroll taxes

    total $216,601 · program services $189,940 · management and general $21,727 · fundraising $4,934

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $25,094 · program services $8,567 · management and general $16,527

  • 11c · Fees: accounting

    total $22,796 · management and general $22,796

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $38,899 · program services $29,865 · management and general $8,523 · fundraising $511

  • 12 · Advertising and promotion

    total $2,468 · program services $2,164 · management and general $248 · fundraising $56

  • 13 · Office expenses

    total $0

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $0

  • 17 · Travel

    total $21,662 · program services $10,268 · management and general $551 · fundraising $10,843

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $26,643 · program services $25,254 · management and general $643 · fundraising $746

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $0

  • 23 · Insurance

    total $2,802 · program services $2,457 · management and general $281 · fundraising $64

  • 24a · Other expenses: OTHER EXPENSES

    total $29,749 · program services $19,384 · management and general $6,642 · fundraising $3,723

  • 24b · Other expenses: SUPPLIES

    total $9,827 · program services $9,827

  • 24c · Other expenses: Postage and Shipping

    total $2,503 · program services $2,503

  • 24e · All other expenses

    total $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $5,399,491 · end of year $4,594,990

  • 2 · Savings and temporary cash investments

    end of year $0

  • 3 · Pledges and grants receivable

    end of year $0

  • 4 · Accounts receivable

    beginning of year $10,500,015 · end of year $9,330,699

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    end of year $0

  • 8 · Inventories for sale or use

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,230 · end of year $1,055

  • 10c · Land, buildings and equipment, net

    end of year $0

  • 11 · Investments: publicly traded securities

    end of year $0

  • 12 · Investments: other securities

    end of year $0

  • 13 · Investments: program-related

    end of year $0

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $34,675 · end of year $85,696

  • 25 · Other liabilities

    beginning of year $570,000 · end of year $6,506,348

  • 27 · Net assets without donor restrictions

    beginning of year $749,284 · end of year $2,064,534

  • 28 · Net assets with donor restrictions

    beginning of year $14,546,777 · end of year $5,270,166

Mission and programs · 2024

Mission

GRO BUILDS BOLD, EVIDENCE-BASED, AND COMMUNITY-INFORMED SOLUTIONS TO ADDRESS THE ROOT CAUSES OF POVERTY AND WORK TOWARD CLOSING THE RACIAL WEALTH GAP.

  • IN HER HANDS1. POLICY LEARNING: THE ORGANIZATION WILL SHARE THE FINDINGS AND RESULTS OF THE IN HER HANDS PROJECT WITH VARIOUS AGENCIES TO EDUCATE THEM ON INCOME STABILITY AND WEALTH-BUILDING PROGRAMS FOCUSED ON ECONOMICALLY MARGINALIZED/LOW-INCOME GROUPS. THE GOAL OF THESE PROGRAMS WILL BE EDUCATION. THE ORGANIZATION MAY WRITE WHITE PAPERS OR DO LIMITED ADVOCACY FOR STATE-EARNED INCOME TAX CREDIT AND SOCIAL SAFETY NET REFORM. THE ORGANIZATION CONDUCTS LIMITED LOBBYING ACTIVITIES AND SPEAKS WITH VARIOUS POLITICAL FIGURES FROM TIME TO TIME. THE ORGANIZATION'S MAIN FOCUS WILL BE TO EDUCATE GEORGIA-BASED ORGANIZATIONS AND OTHER ENTITIES WHO ARE INTERESTED IN LEARNING MORE ABOUT THE IN HER HANDS PROJECT AND ITS RESULTS, AS WELL AS THE THEORY AND POLICY BEHIND A GUARANTEED INCOME PROJECT. THIS WORK WILL BE DONE BY ORGANIZATION STAFF AND VOLUNTEERS. 2. DIRECT SERVICE PROVISION FOR LOW-INCOME WOMEN: IN HER HANDS IS A COLLABORATIVE INITIATIVE OF BOTH THE ORGANIZATION AND GIVE DIRECTLY, AND IT PROVIDES 275 LOW-INCOME WOMEN IN ATLANTAS WESTSIDE A WITH AN INCOME SUPPLEMENT BY PROVIDING AN AVERAGE OF $1000 PER MONTH FOR THREE YEARS. IN HER HANDS WILL NOT JUST PROVIDE A GUARANTEED INCOME FOR TWO YEARS, BUT ALSO THE FOLLOWING BENEFITS TO PARTICIPANTS: OPTIONAL PROGRAMMING TO CONNECT WITH OTHER COMMUNITY-BASED ORGANIZATION COMMUNITY ENGAGEMENT AND OUTREACH; COORDINATION WITH PUBLIC BENEFITS AGENCIES; PROVIDING BENEFITS COUNSELING; DOING EXIT INTERVIEWS AND OFFBOARDING ACTIVITIES TO ESTABLISH THE SUCCESS OF THE PROJECT AND HELP TRANSITION OUT OF IT.

    Expenses $12,043,089 · Grants $11,510,712

  • FREEDOM FUTURES: CASH FOR TODAY, CAPITAL FOR TOMORROW1. POLICY LEARNING: THE ORGANIZATION WILL SHARE THE FINDINGS AND RESULTS OF FREEDOM FUTURES: CASH FOR TODAY, CAPITAL FOR TOMORROW, AN ACCELERATED BABY BONDS PILOT PROGRAM, WITH VARIOUS AGENCIES TO EDUCATE THEM ON INCOME STABILITY AND WEALTH-BUILDING PROGRAMS FOCUSED ON ECONOMICALLY MARGINALIZED YOUTH AND YOUNG ADULTS. THE GOAL OF THESE PROGRAMS WILL BE GENERATING EVIDENCE ON EARLY WEALTH BUILDING AND EDUCATION. THE ORGANIZATION MAY WRITE WHITE PAPERS OR DO LIMITED ADVOCACY FOR STRATEGIES TO ADDRESS WEALTH DISPARITIES SUCH AS A STATE BABY BONDS PROGRAM. THE ORGANIZATION CONDUCTS LIMITED LOBBYING ACTIVITIES AND SPEAKS WITH VARIOUS POLITICAL FIGURES FROM TIME TO TIME. THE ORGANIZATION'S MAIN FOCUS WILL BE TO EDUCATE GEORGIA-BASED ORGANIZATIONS AND OTHER ENTITIES WHO ARE INTERESTED IN LEARNING MORE ABOUT THE BABY BONDS PILOT PROGRAM AND ITS RESULTS, AS WELL AS THE THEORY AND POLICY BEHIND DIRECT YOUTH WEALTH BUILDING STRATEGIES. THIS WORK WILL BE DONE BY ORGANIZATION STAFF AND VOLUNTEERS. 2. DIRECT SERVICE PROVISION FOR LOW-INCOME YOUTH AND YOUNG ADULTS: THE FREEDOM FUTURES: CASH FOR TODAY, CAPITAL FOR TOMORROW PROGRAM WILL PROVIDE 50 LOW-INCOME YOUNG ADULTS IN ATLANTA WITH A $500/MONTH INCOME SUPPORT FOR FOUR YEARS, FINANCIAL EDUCATION, AND A LARGE LUMP SUM OF APPROXIMATELY $40,000 FOR WEALTH BUILDING PURPOSES SUCH AS BUYING A HOME, STARTING A BUSINESS OR ENROLLING IN HIGHER EDUCATION. THE GOAL OF THE PILOT IS TO SUPPORT THE YOUNG PEOPLE ENROLLED AND TO GENERATE INSIGHT ON HOW THESE INTERVENTIONS IMPROVE YOUTH AND YOUNG PEOPLES FINANCIAL STABILITY AND WEALTH POSITION.

    Expenses $471,125 · Grants $190,000

  • COMMUNICATIONSTHE COMMUNICATIONS PROGRAM SUPPORTS GROS WORK BY ELEVATING PROGRAM LEARNINGS FROM EVALUATION AND PARTICIPANT STORIES. THE COMMUNICATIONS PROGRAM USES DATA AND EVIDENCE TO BETTER UNDERSTAND HARMFUL NARRATIVES ABOUT POVERTY AND THE RACIAL WEALTH GAP AND HOW TO CREATE NEW NARRATIVES THAT EMPHASIZE HOW THE ECONOMY CAN WORK FOR ALL OF US.

    Expenses $332,790 · Grants $3,300

As filed on the 2024 return.

Listed in Part VII

  • Hope Wollensack

    Executive Dir.

    Total calculated
    $173,172
    From this org
    $153,008
    From related orgs
    $0
    Other
    $20,164
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $153,008
    Bonus
    not reported
    Other
    not reported
    Deferred
    $9,397
    Nontaxable benefits
    $10,767
    Filer's total
    $173,172

  • Amit Khanduri

    PROGRAM DIRECTOR

    Total calculated
    $142,446
    From this org
    $107,787
    From related orgs
    $0
    Other
    $34,659
    Hours/week
    40

  • Anna Halpern

    FINANCE/OPERAT DIR

    Total calculated
    $119,481
    From this org
    $102,602
    From related orgs
    $0
    Other
    $16,879
    Hours/week
    40

  • Amir Farokhi

    Chairman

    Total calculated
    $0
    Hours/week
    5

  • Alan Essig

    Treasurer

    Total calculated
    $0
    Hours/week
    5

  • Aisha Nyandoro

    Director

    Total calculated
    $0
    Hours/week
    1

  • Dale Royal

    Director

    Total calculated
    $0
    Hours/week
    1

  • Kristie Goodman Davis

    Director

    Total calculated
    $0
    Hours/week
    1

  • John Simpkins

    Director

    Total calculated
    $0
    Hours/week
    1

  • Natalie Foster

    Director

    Total calculated
    $0
    Hours/week
    1

  • Sarah Beth Gehl

    Director

    Total calculated
    $0
    Hours/week
    1

  • Yonina Gray

    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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

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

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

Provenance

Return type
form_990
Tax year
2024
Filed
14 November 2025
IRS schema version
2024v5.2
Source object
202543189349300844

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