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Nonprofiteer
← CENTRAL GEORGIA TECHNICAL COLLEGE FOUNDATION INC

Form 990 for tax year 2024

Filed by CENTRAL GEORGIA TECHNICAL COLLEGE FOUNDATION INC.

Totals

Total revenue
$1,849,707
Total expenses
$1,116,597
Contributions and grants received
$1,445,990
Grants paid
$640,726
Program service revenue
$0
Investment income
$92,107
Other revenue
$311,610
Total assets, end of year
$5,397,854
Total liabilities, end of year
$2,129,241
Net assets or fund balances, end of year
$3,268,613
Program services expenses (Part IX)
$1,009,306
Management and general expenses
$107,289
Fundraising expenses
$2
Program service expenses (Part III)
$1,009,306

Program services were 90.4% 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

    $1,445,990

  • 1g · Noncash contributions included above

    $82,122

  • 3 · Investment income

    total $59,612 · excluded $59,612

  • 6a · Gross rents

    real property $269,892

  • 6c · Rental income or loss

    real property $269,892

  • 6d · Net rental income or loss

    total $269,892 · excluded $269,892

  • 7a · Gross sales of assets other than inventory

    securities $50,000

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

    securities $17,505

  • 7c · Gain or loss

    securities $32,495

  • 7d · Net gain or loss

    total $32,495 · related or exempt $32,495

  • 8a · Fundraising events: gross income

    $55,000

  • 8b · Fundraising events: direct expenses

    $14,743

  • 8c · Net income from fundraising events

    total $40,257

  • 11a · Other revenue: OTHER REVENUE

    total $1,461 · related or exempt $1,461

  • 11e · Other revenue, total

    $1,461

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $572,926 · program services $572,926

  • 2 · Grants to domestic individuals

    total $67,800 · program services $67,800

  • 11c · Fees: accounting

    total $19,276 · program services $17,348 · management and general $1,928

  • 11f · Fees: investment management

    total $18,390 · management and general $18,390

  • 17 · Travel

    total $3,154 · management and general $3,154

  • 20 · Interest

    total $74,548 · program services $74,548

  • 22 · Depreciation, depletion and amortization

    total $119,117 · program services $119,117

  • 23 · Insurance

    total $31,268 · program services $28,141 · management and general $3,127

  • 24a · Other expenses: OTHER GRANTS & CONTRACT

    total $97,543 · program services $97,543

  • 24b · Other expenses: SUPPLIES

    total $33,634 · management and general $33,632 · fundraising $2

  • 24c · Other expenses: ATHLETIC EXPENSES

    total $17,221 · program services $17,221

  • 24d · Other expenses: MISCELLANEOUS

    total $14,390 · management and general $14,390

  • 24e · All other expenses

    total $47,330 · program services $14,662 · management and general $32,668

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $210,910 · end of year $229,411

  • 2 · Savings and temporary cash investments

    beginning of year $250,404 · end of year $941,948

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

    $3,914,511

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

    $1,453,554

  • 10c · Land, buildings and equipment, net

    beginning of year $2,580,074 · end of year $2,460,957

  • 15 · Other assets

    beginning of year $1,634,865 · end of year $1,765,538

  • 17 · Accounts payable and accrued expenses

    beginning of year $17,869 · end of year $25,241

  • 23 · Secured mortgages and notes payable

    beginning of year $2,210,112 · end of year $2,104,000

  • 27 · Net assets without donor restrictions

    beginning of year $2,044,056 · end of year $2,067,493

  • 28 · Net assets with donor restrictions

    beginning of year $404,216 · end of year $1,201,120

Mission and programs · 2024

Mission

TO PROVIDE PRIVATE FUNDING FOR CAPITAL EXPANSION AND IMPROVEMENTS, EQUIPMENT, STAFF AND FACULTY DEVELOPMENT, SCHOLARSHIPS AND ENDOWMENTS.

  • THE FOUNDATION EXISTS TO SUPPORT ADULT VOCATIONAL EDUCATION ACTIVITIES AS THE NEED ARISES.

    Expenses $1,009,306 · Grants $640,726

As filed on the 2024 return.

Listed in Part VII

  • Mr Ed Barbee

    TRUSTEE

    Total calculated
    $0

  • Mrs Marsha Buzzell

    TRUSTEE

    Total calculated
    $0

  • Dr Keisha Callins

    TRUSTEE

    Total calculated
    $0

  • Mr David Danzie

    CHAIR

    Total calculated
    $0

  • Ms Laura Gentry

    TREASURER

    Total calculated
    $0

  • Mr Zachary Giddens

    TRUSTEE

    Total calculated
    $0

  • Mr Hank Griffeth

    VICE CHAIR

    Total calculated
    $0

  • Tangie Herring

    TRUSTEE

    Total calculated
    $0

  • Dr Elizabeth Larkins

    TRUSTEE

    Total calculated
    $0

  • Ms Shellisa Houston Martin

    SECRETARY

    Total calculated
    $0

  • Sara Murph

    TRUSTEE

    Total calculated
    $0

  • Jeremy Nelms

    TRUSTEE

    Total calculated
    $0

  • Tonya McClure

    EXECUTIVE DI

    Total calculated
    $0

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

  • CENTRAL GEORGIA TECHNICAL COLLEGE

    $492,762

    TRAINING

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.

  • CENTRAL GEORGIA TECHNICAL COLLEGE

    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.

  • CGTCF INVESTMENTS LLC

    REAL ESTAT · GA

    Directly controlled by CGTCF INC

Provenance

Return type
form_990
Tax year
2024
Filed
4 March 2026
IRS schema version
2024v5.0
Source object
202620769349300542

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