Form 990 for tax year 2023
Filed by GEORGIA ECONOMIC DEVELOPMENT FOUNDATION INC.
Totals
- Total revenue
- $884,237
- Total expenses
- $739,047
- Contributions and grants received
- $587,158
- Grants paid
- $0
- Program service revenue
- $286,107
- Investment income
- $8,497
- Other revenue
- $2,475
- Total assets, end of year
- $277,840
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $277,840
- Program services expenses (Part IX)
- $739,047
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $739,047
Program services were 100.0% 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.
-
1f · All other contributions, gifts and grants
$587,158
-
2a · Program service revenue: REGISTRATION
total $286,107 · related or exempt $286,107
-
3 · Investment income
total $8,497 · excluded $8,497
-
11a · Other revenue: OTHER REVENUE
total $2,475 · related or exempt $2,475
-
11e · Other revenue, total
$2,475
Functional expenses
Part IX, the statement of functional expenses.
-
17 · Travel
total $188,896 · program services $188,896
-
19 · Conferences, conventions and meetings
total $410,138 · program services $410,138
-
24a · Other expenses: MISCELLANEOUS
total $84,610 · program services $84,610
-
24b · Other expenses: REGISTRATION FEES
total $27,296 · program services $27,296
-
24c · Other expenses: EQUIPMENT RENTAL
total $17,647 · program services $17,647
-
24d · Other expenses: GIFTS
total $8,882 · program services $8,882
-
24e · All other expenses
total $1,578 · program services $1,578
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $14,709 · end of year $41,101
-
2 · Savings and temporary cash investments
beginning of year $117,941 · end of year $236,739
-
29 · Capital stock, trust principal or current funds
beginning of year $0 · end of year $0
-
30 · Paid-in or capital surplus, or land, building or equipment fund
beginning of year $0 · end of year $0
-
31 · Retained earnings, endowment or other funds
beginning of year $132,650 · end of year $277,840
Mission and programs · 2023
Mission
THE FOUNDATION FUNCTIONS AS AN ADVOCATE OF ECONOMIC DEVELOPMENT FOR THE STATE OF GEORGIA.
-
THE FOUNDATION SERVED AS CONFERENCE SPONSORS FOR SEMINARS ON DOING BUSINESS IN THE STATE OF GEORGIA. IN ADDITION, THE FOUNDATION PROVIDED FUNDS FOR RECEPTIONS AND OTHER COSTS ASSOCIATED WITH VISITING DIGNITARIES.
Expenses $739,047 · Revenue $288,582
As filed on the 2023 return.
Listed in Part VII
-
Chris CarrCHRIS CARR
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1
-
Andrew CapezzutoANDREW CAPEZZUTO
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
John MoffattJOHN MOFFATT
TREASURER
- 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
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 23 April 2025
- IRS schema version
- 2023v6.0
- Source object
- 202541139349302104
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