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Nonprofiteer
← COMMUNITY FOUNDATION OF NORTHWEST GEORGIA INC

Form 990 for tax year 2024

Filed by COMMUNITY FOUNDATION OF NORTHWEST GEORGIA INC.

Totals

Total revenue
$13,476,636
Total expenses
$7,937,735
Contributions and grants received
$6,172,805
Grants paid
$6,014,900
Program service revenue
$808,356
Investment income
$6,495,475
Other revenue
$0
Total assets, end of year
$96,602,077
Total liabilities, end of year
$7,849,255
Net assets or fund balances, end of year
$88,752,822
Program services expenses (Part IX)
$6,474,873
Management and general expenses
$1,346,257
Fundraising expenses
$116,605
Program service expenses (Part III)
$6,474,873

Program services were 81.6% 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.

  • 1f · All other contributions, gifts and grants

    $6,172,805

  • 1g · Noncash contributions included above

    $504,475

  • 2a · Program service revenue: ADMINISTRATION FEES

    total $788,356 · related or exempt $788,356

  • 2b · Program service revenue: CONTRACT REVENUE

    total $20,000 · related or exempt $20,000

  • 3 · Investment income

    total $4,123,116 · excluded $4,123,116

  • 7a · Gross sales of assets other than inventory

    securities $4,781,232

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

    securities $2,408,873

  • 7c · Gain or loss

    securities $2,372,359

  • 7d · Net gain or loss

    total $2,372,359 · excluded $2,372,359

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $6,014,900 · program services $6,014,900

  • 5 · Compensation of officers, directors and key employees

    total $207,175 · program services $82,583 · management and general $62,296 · fundraising $62,296

  • 7 · Other salaries and wages

    total $410,647 · program services $235,057 · management and general $145,567 · fundraising $30,023

  • 9 · Other employee benefits

    total $80,367 · program services $42,101 · management and general $30,285 · fundraising $7,981

  • 10 · Payroll taxes

    total $31,112 · program services $9,831 · management and general $15,060 · fundraising $6,221

  • 11b · Fees: legal

    total $28,423 · program services $12,242 · management and general $15,689 · fundraising $492

  • 11c · Fees: accounting

    total $56,399 · management and general $56,399

  • 11f · Fees: investment management

    total $170,335 · management and general $170,335

  • 12 · Advertising and promotion

    total $11,121 · program services $4,956 · management and general $3,243 · fundraising $2,922

  • 13 · Office expenses

    total $16,030 · program services $12,092 · management and general $3,282 · fundraising $656

  • 16 · Occupancy

    total $29,652 · program services $15,410 · management and general $11,277 · fundraising $2,965

  • 19 · Conferences, conventions and meetings

    total $55,780 · program services $38,895 · management and general $15,698 · fundraising $1,187

  • 22 · Depreciation, depletion and amortization

    total $3,651 · program services $1,460 · management and general $1,826 · fundraising $365

  • 23 · Insurance

    total $6,281 · management and general $6,281

  • 24a · Other expenses: FOUNDATION ADMINISTRATI

    total $750,363 · management and general $750,363

  • 24b · Other expenses: MISCELLANEOUS

    total $65,499 · program services $5,346 · management and general $58,656 · fundraising $1,497

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $3,034,910 · end of year $3,358,016

  • 7 · Other notes and loans receivable

    beginning of year $8,000,000 · end of year $8,000,000

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

    $145,441

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

    $32,352

  • 10c · Land, buildings and equipment, net

    beginning of year $1,191 · end of year $113,089

  • 11 · Investments: publicly traded securities

    beginning of year $77,707,000 · end of year $84,733,198

  • 15 · Other assets

    beginning of year $0 · end of year $397,774

  • 25 · Other liabilities

    beginning of year $5,835,830 · end of year $7,849,255

  • 27 · Net assets without donor restrictions

    beginning of year $73,559,129 · end of year $77,385,431

  • 28 · Net assets with donor restrictions

    beginning of year $9,348,142 · end of year $11,367,391

Mission and programs · 2024

Mission

TO SERVE THE NEEDS OF THE NORTHWEST GEORGIA REGION AND TO BENEFIT AND PROMOTE THE WELL BEING OF VARIOUS COMMUNITIES SERVED BY THE FOUNDATION.

Activities or mission (Part I)

TO SERVE THE NEEDS OF THE N.W. GEORGIA REGION WITH IMPACTFUL & STRATEGIC PHILANTHROPY COORDINATION.

  • THE COMMUNITY FOUNDATION OF NORTHWEST GEORGIA MANAGES OVER 200 CHARITABLE FUNDS FOR INDIVIDUALS, FAMILIES, AND NONPROFIT ORGANIZATIONS. OVER $84.2 MILLION IN GRANTS HAVE BEEN MADE SINCE 1998 , AND MANAGE NEARLY $100 MILLION IN ASSETS DESTINED TO BETTER LOCAL AND FAR REACHING COMMUNITIES. THE ORGANIZATION PARTNERS WITH DONORS TO TURN CONTRIBUTION DOLLARS INTO IMPACT THROUGH GRANTS, ENDOWMENTS, FOUNDATIONS, AND DONOR ADVISED FUNDS. THE ORGANIZATION'S EXPERTISE PROVIDES GUIDANCE AND COORDINATION TO MATCH DONOR PASSIONS WITH REAL RESULTS. THE ORGANIZATION FACILITATES IMPACTFUL GIVING FOR ANY COMMUNITY, BUT ARE TRUE LOCAL EXPERTS AND PROUDLY SUPPORT NORTHWEST GEORGIA FOR HEALTHIER, HAPPIER, MORE SUCCESSFUL COMMUNITIES.

    Expenses $6,474,873 · Grants $6,014,900 · Revenue $808,356

As filed on the 2024 return.

Listed in Part VII

  • David Aft

    PRESIDENT

    Total calculated
    $207,175
    From this org
    $180,291
    From related orgs
    $0
    Other
    $26,884
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $180,291
    Bonus
    $0
    Other
    $0
    Deferred
    $8,581
    Nontaxable benefits
    $18,303
    Filer's total
    $207,175
  • Tom Minor IV

    CHAIR, BOARD OF DIRECTORS

    Total calculated
    $0
    Hours/week
    1
  • Mike Babb

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Marissa Brower

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Kristy S Brown

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Chris Brown

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Ethan Calhoun

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Becky Carr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • George Crowley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Bill Davies

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Chuck Dobbins

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Russell Dudley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Calvin Evans

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Stephen Farrow

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • John Fuchko III

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • David Gregg

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Donna Hair

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Kirk Jarrett

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Jessica Mitcham

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Matthew Moore

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Patrick Nelson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Jason Parker

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Katora Printup

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Amanda Reed

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Mitch Sanford

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Antoine Simmons

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Lester Tate

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Randy Thompson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Randell Trammell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Margaret Venable

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Dan Wright

    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

  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

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

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

Provenance

Return type
form_990
Tax year
2024
Filed
21 August 2025
IRS schema version
2024v5.2
Source object
202523019349300037

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