Form 990 for tax year 2023
Filed by ATLANTA METROPOLITAN COLLEGE FOUNDATION INC.
Totals
- Total revenue
- $642,246
- Total expenses
- $378,904
- Contributions and grants received
- $159,018
- Grants paid
- $115,221
- Program service revenue
- $303,078
- Investment income
- $180,150
- Other revenue
- $0
- Total assets, end of year
- $9,028,984
- Total liabilities, end of year
- $7,725,757
- Net assets or fund balances, end of year
- $1,303,227
- Program services expenses (Part IX)
- $335,587
- Management and general expenses
- $32,458
- Fundraising expenses
- $10,859
- Program service expenses (Part III)
- $335,587
Program services were 88.6% 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
$31,799
-
1e · Government grants (contributions)
$10,000
-
1f · All other contributions, gifts and grants
$117,219
-
2a · Program service revenue: RENTAL INCOME
total $303,078 · related or exempt $303,078
-
3 · Investment income
total $17,072 · excluded $17,072
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7a · Gross sales of assets other than inventory
securities $4,172,487
-
7b · Less cost or other basis and sales expenses
securities $4,009,409
-
7c · Gain or loss
securities $163,078
-
7d · Net gain or loss
total $163,078 · excluded $163,078
-
8a · Fundraising events: gross income
$18,601
-
8a · Fundraising events: contributions included on line 1c
$31,799
-
8b · Fundraising events: direct expenses
$18,601
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $115,221 · program services $115,221
-
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 $0
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $0
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $0
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $16,968 · management and general $16,968
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $35,178 · program services $35,178
-
12 · Advertising and promotion
total $1,320 · management and general $1,320
-
13 · Office expenses
total $226 · management and general $226
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $0
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $158,552 · program services $158,552
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $0
-
24a · Other expenses: PROGRAM EXPENSES
total $24,034 · program services $24,034
-
24b · Other expenses: MEETING EXPENSE
total $19,415 · management and general $8,556 · fundraising $10,859
-
24c · Other expenses: BANK CHARGES AND FEES
total $3,723 · program services $2,602 · management and general $1,121
-
24d · Other expenses: DUES & SUBSCRIPTIONS
total $3,218 · management and general $3,218
-
24e · All other expenses
total $1,049 · management and general $1,049
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $304,525 · end of year $277,721
-
2 · Savings and temporary cash investments
end of year $0
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
end of year $0
-
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
end of year $0
-
10c · Land, buildings and equipment, net
end of year $0
-
11 · Investments: publicly traded securities
end of year $0
-
12 · Investments: other securities
beginning of year $584,086 · end of year $683,471
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
beginning of year $8,372,492 · end of year $8,067,792
-
17 · Accounts payable and accrued expenses
beginning of year $18,362 · end of year $11,026
-
20 · Tax-exempt bond liabilities
beginning of year $8,107,818 · end of year $7,714,731
-
27 · Net assets without donor restrictions
beginning of year $727,756 · end of year $869,712
-
28 · Net assets with donor restrictions
beginning of year $407,167 · end of year $433,515
Mission and programs · 2023
Mission
The Foundation operates for the express purpose of supporting Atlanta Metropolitan State College in building endowment and in addressing the academic priorities of the institution, while understanding and supporting AMSCs mission, goals, and priorities. The mission of Atlanta Metropolitan Foundation Inc. is to increase understanding and financial support among the institutions key stakeholders, including alumni, friends and government policy makers, members of the community and philanthropic entities of all types on behalf and in support of Atlanta Metropolitan State College.
-
Supporting students, faculty and staff while staying true to the mission of the Foundation. This includes scholarships.
Expenses $335,587 · Grants $115,221 · Revenue $303,078
As filed on the 2023 return.
Listed in Part VII
-
Skip VaughanSKIP VAUGHAN
Chairman
- Total calculated
- $0
- Hours/week
- 1
-
Pamela CrossPAMELA CROSS
Treasurer
- Total calculated
- $0
- Hours/week
- 1
-
Janice AndrewsJANICE ANDREWS
Secretary
- Total calculated
- $0
- Hours/week
- 1
-
Ingrid Thompson-Sellers PhDINGRID THOMPSON-SELLERS PHD
President
- Total calculated
- $0
- Hours/week
- 1
-
Stacy AbramsSTACY ABRAMS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Veronica AdadevohVERONICA ADADEVOH
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Letty AshworthLETTY ASHWORTH
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Sharmen GowensSHARMEN GOWENS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Lareese HowellLAREESE HOWELL
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Reginald MooreREGINALD MOORE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
John O'CallaghanJOHN O'CALLAGHAN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Leisa StaffordLEISA STAFFORD
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Tita StewartTITA STEWART
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Henry J ThomasHENRY J THOMAS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Michael ThurmondMICHAEL THURMOND
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Willie A WatkinsWILLIE A WATKINS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Dianne WisnerDIANNE WISNER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Sheila TenneySHEILA TENNEY
Executive Dir.
- 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
-
ATLANTA METROPOLITAN COLLEGE
$115,221
OPERATIONAL SUPPORT,GAP SCHOLARSHIP
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.
-
ATLANTA METROPOLITAN COLLEGE
501(C)(3) · EDUCATION · GA
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Disregarded entities
Part I: entities that legally are the filer and file no return of their own.
-
AMC CAMPUS PROJECT I LLC
LEASING TO ATLANTA METROPOLITAN STATE COLLEGE · GA · income $303,078 · assets $7,736,119
Directly controlled by ATLANTA METROPOLITAN COLLEGE FOUNDATION
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 31 March 2025
- IRS schema version
- 2023v6.0
- Source object
- 202520909349300232
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