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Nonprofiteer
← THE CHARITABLE FOUNDATION OF THE

Form 990 for tax year 2024

Filed by THE CHARITABLE FOUNDATION OF THE.

Totals

Total revenue
$658,309
Total expenses
$657,271
Contributions and grants received
$376,600
Grants paid
$595,900
Program service revenue
$0
Investment income
$281,709
Other revenue
$0
Total assets, end of year
$5,083,751
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$5,083,751
Program services expenses (Part IX)
$597,899
Management and general expenses
$59,227
Fundraising expenses
$145
Program service expenses (Part III)
$597,899

Program services were 91.0% 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.

  • 1d · Related organizations

    $181,136

  • 1f · All other contributions, gifts and grants

    $195,464

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $76,684 · excluded $76,684

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $1,608,040

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

    securities $1,403,015

  • 7c · Gain or loss

    securities $205,025 · other assets $0

  • 7d · Net gain or loss

    total $205,025 · excluded $205,025

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $595,900 · program services $595,900

  • 11c · Fees: accounting

    total $8,460 · management and general $8,460

  • 11f · Fees: investment management

    total $17,069 · management and general $17,069

  • 11g · Fees: other

    total $17,638 · program services $0 · management and general $17,638 · fundraising $0

  • 13 · Office expenses

    total $145 · fundraising $145

  • 24a · Other expenses: Bad Debt Expense

    total $10,650 · management and general $10,650

  • 24b · Other expenses: Supplies

    total $5,410 · management and general $5,410

  • 24c · Other expenses: Books

    total $1,999 · program services $1,999

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,061,153 · end of year $1,168,760

  • 3 · Pledges and grants receivable

    beginning of year $208,054 · end of year $137,079

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

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

    $0

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $3,536,669 · end of year $3,777,912

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $454,536 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $160,000 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $160,000 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $4,297,579 · end of year $4,793,729

  • 28 · Net assets with donor restrictions

    beginning of year $642,833 · end of year $290,022

Mission and programs · 2024

Mission

To raise funds for charitable projects and activities both within the United States and internationally.

  • EARLY EDUCATION INITIATIVE: ATLANTA MAYOR ANDRE DICKENS HAS BEGUN MOBILIZING A HISTORIC $20M PUBLIC/PRIVATE INVESTMENT IN EARLY EDUCATION, CALLING ON THE PRIVATE SECTOR FOR HELP. THE ROTARY CLUB'S CHARITABLE FOUNDATION IS ANSWERING THAT CALL WITH A THREE-YEAR COMMITMENT TO INCREASE ACCESS TO AND THE QUALITY OF EARLY CHILDHOOD EDUCATION IN ATLANTA. EARLY EDUCATORS ARE AMONG THE LOWEST-PAID PROFESSIONALS IN EVERY STATE, WHICH IS WHY EDUCATION WORKFORCE INCENTIVES ARE A KEY PILLAR OF THE MAYOR'S PLAN. THE ROTARY CLUB OF ATLANTA WILL BE THE LEAD PRIVATE-SECTOR PARTNER IN THIS EFFORT, HELPING TO KEEP MORE OF OUR BIRTH-TO-FIVE TEACHERS IN THE CLASSROOM AND ENCOURAGING THEM TO PUT THE SCIENCES OF HEALTHY BRAIN DEVELOPMENT, LANGUAGE ACQUISITION AND LITERACY TO WORK FOR OUR YOUNGEST LEARNERS.

    Expenses $446,000 · Grants $446,000

  • GRANTS FOR SUMMER CAMP PROGRAMS FOR UNDERPRIVILEGED YOUTH.

    Expenses $151,899 · Grants $149,900

As filed on the 2024 return.

Listed in Part VII

  • Cannon Carr

    CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Adrian Cronje

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 10 related

  • Bill Pendleton

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Bill Vogel

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Chris Cleveland

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Clyde Tuggle

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • David Rubinger

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Gretchen Corbin

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Helene Lollis

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • John O'Neill

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Laura Lee Gentry

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Michael Russell

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Ron Canakaris

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Yum Arnold

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Gina Simpson

    EXECUTIVE DIRECTOR

    Total calculated
    $193,720
    From this org
    $0
    From related orgs
    $193,720
    Other
    $0
    Hours/week
    5 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $193,720 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $193,720 related

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

The filer's explanations (Part III)

Schedule J, Part II
Gina Simpson, Executive Director, performs services for the filing organization, while payroll is processed and reported by Rotary Club of Atlanta (EIN 58-0412250), a related organization.

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

The 10 largest by cash amount. The API serves every itemized grant.

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.

  • ROTARY CLUB OF ATLANTA

    501(c)(4) · PROMOTE ADVANCEMENT OF INTERNATIONAL UNDERSTANDING, GOODWILL, AND PEACE. · GA

    Directly controlled by NA

Provenance

Return type
form_990
Tax year
2024
Filed
20 March 2026
IRS schema version
2024v5.1
Source object
202600799349300125

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