Form 990 for tax year 2022
Filed by COMMUNITY FOUNDATION FOR NORTHEAST GEORGIA INC.
Totals
- Total revenue
- $10,205,373
- Total expenses
- $12,211,923
- Contributions and grants received
- $9,327,116
- Grants paid
- $10,733,312
- Program service revenue
- $0
- Investment income
- $711,679
- Other revenue
- $166,578
- Total assets, end of year
- $69,557,505
- Total liabilities, end of year
- $13,254,498
- Net assets or fund balances, end of year
- $56,303,007
- Program services expenses (Part IX)
- $11,075,596
- Management and general expenses
- $724,540
- Fundraising expenses
- $411,787
- Program service expenses (Part III)
- $11,075,596
Program services were 90.7% 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.
-
1b · Membership dues
$30,523
-
1c · Fundraising events
$10,675
-
1f · All other contributions, gifts and grants
$9,285,918
-
1g · Noncash contributions included above
$1,044,758
-
3 · Investment income
total $1,324,060 · unrelated business $247,897 · excluded $1,076,163
-
7a · Gross sales of assets other than inventory
securities $23,850,463 · other assets $328,461
-
7b · Less cost or other basis and sales expenses
securities $24,379,305 · other assets $412,000
-
7c · Gain or loss
securities -$528,842 · other assets -$83,539
-
7d · Net gain or loss
total -$612,381 · excluded -$612,381
-
8a · Fundraising events: gross income
$0
-
8a · Fundraising events: contributions included on line 1c
$10,675
-
8b · Fundraising events: direct expenses
$0
-
8c · Net income from fundraising events
total $0
-
11a · Other revenue: NET ADMINISTRATIVE FEE INCOME
total $132,736 · excluded $132,736
-
11b · Other revenue: MISC./OTHER INCOME
total $33,842 · excluded $33,842
-
11e · Other revenue, total
$166,578
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $10,733,312 · program services $10,733,312
-
5 · Compensation of officers, directors and key employees
total $283,048 · management and general $240,591 · fundraising $42,457
-
7 · Other salaries and wages
total $126,814 · management and general $107,792 · fundraising $19,022
-
8 · Pension plan contributions
total $25,156 · management and general $21,383 · fundraising $3,773
-
9 · Other employee benefits
total $25,140 · management and general $21,369 · fundraising $3,771
-
10 · Payroll taxes
total $32,780 · management and general $27,863 · fundraising $4,917
-
11f · Fees: investment management
total $279,036 · program services $279,036
-
11g · Fees: other
total $170,576 · management and general $170,576
-
13 · Office expenses
total $25,570 · management and general $21,734 · fundraising $3,836
-
14 · Information technology
total $29,701 · management and general $25,243 · fundraising $4,458
-
16 · Occupancy
total $24,558 · management and general $20,874 · fundraising $3,684
-
19 · Conferences, conventions and meetings
total $13,018 · management and general $13,018
-
23 · Insurance
total $5,782 · management and general $5,782
-
24a · Other expenses: FEDERAL & STATE UNRELAT
total $63,248 · program services $63,248
-
24b · Other expenses: COMMUNICATIONS & PROMOT
total $169,235 · fundraising $169,235
-
24c · Other expenses: FUNDRAISING EXPENSE
total $97,564 · fundraising $97,564
-
24d · Other expenses: DONOR DEVELOPMENT
total $57,968 · fundraising $57,968
-
24e · All other expenses
total $49,417 · management and general $48,315 · fundraising $1,102
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $2,925,155 · end of year $410,056
-
4 · Accounts receivable
beginning of year $7,317 · end of year $7,317
-
10a · Land, buildings and equipment: cost or other basis
$105,312
-
10b · Land, buildings and equipment: accumulated depreciation
$105,312
-
10c · Land, buildings and equipment, net
beginning of year $0 · end of year $0
-
11 · Investments: publicly traded securities
beginning of year $64,818,534 · end of year $56,556,457
-
12 · Investments: other securities
beginning of year $12,914,776 · end of year $12,549,937
-
15 · Other assets
beginning of year $0 · end of year $33,738
-
17 · Accounts payable and accrued expenses
beginning of year $48,204 · end of year $14,515
-
25 · Other liabilities
beginning of year $14,947,729 · end of year $13,239,983
-
27 · Net assets without donor restrictions
beginning of year $49,558,932 · end of year $42,707,006
-
28 · Net assets with donor restrictions
beginning of year $16,110,917 · end of year $13,596,001
Mission and programs · 2022
Mission
THE COMMUNITY FOUNDATION FOR NORTHEAST GEORGIA, INC. WAS FOUNDED TO IMPROVE THE QUALITY OF COMMUNITY LIFE THROUGH INCREASED PHILANTHROPY. THE FOUNDATION IS A PUBLIC CHARITY FORMED TO BENEFIT THE CITIZENS OF NORTHEAST GEORGIA THROUGH THE DEVELOPMENT OF ENDOWMENT FUNDS. THE FOUNDATION RECEIVES CHARITABLE CONTRIBUTIONS THAT ARE THEN INVESTED WITH THE INCOME DISBURSED TO NONPROFIT ORGANIZATIONS SERVING IN THE AREAS OF HEALTH, HUMAN SERVICES, EDUCATION, COMMUNITY SERVICE AND THE ARTS.
Activities or mission (Part I)
THE FOUNDATION HAS THREE PRINCIPAL GOALS:1) TO BUILD A PERMANENT BASE OF CHARITABLE FUNDS THAT WILL BENEFIT NONPROFIT AGENCIES SERVING THE NORTHEAST GEORGIA REGION;2) TO IDENTIFY ESSENTIAL HUMAN NEEDS AND PROMISING OPPORTUNITIES IN THE COMMUNITY ESPECIALLY AS THEY IMPACT THE LESS FORTUNATE AND TO DEVELOP RESOURCES TO ADDRESS THEM; AND3) TO ACQUAINT DONORS WITH THE IMPORTANCE OF PRIVATE PHILANTHROPY AS IT RELATES TO IMPROVING THE QUALITY OF LIFE OF THE COMMUNITY.
-
DISTRIBUTING INVESTMENT INCOME TO NON-PROFIT ORGANIZATIONS SERVING IN THE AREAS OF HEALTH, HUMAN SERVICES, EDUCATION, COMMUNITY SERVICE AND THE ARTS
Expenses $11,075,596 · Grants $10,733,312
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Dick LoprestiDICK LOPRESTI
CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
J Michael LevengoodJ MICHAEL LEVENGOOD
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
K Clifford Bray IIK CLIFFORD BRAY II
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Kenneth M MassaroniKENNETH M MASSARONI
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
Thomas AbernathyTHOMAS ABERNATHY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Ethel D Andersen JDETHEL D ANDERSEN JD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Julie Keeton ArnoldJULIE KEETON ARNOLD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dr Audrey AronaDR AUDREY ARONA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Emily J BrantleyEMILY J BRANTLEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Carla T CarrawayCARLA T CARRAWAY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Rev Bryan S ChoeREV BRYAN S CHOE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dean CollinsDEAN COLLINS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dave CookDAVE COOK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Alejandro CossALEJANDRO COSS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Julia DavisJULIA DAVIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
James D Dennard JrJAMES D DENNARD JR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Wayne D EllisonWAYNE D ELLISON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Melvin EversonMELVIN EVERSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Kim HartsockKIM HARTSOCK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jim JoedeckeJIM JOEDECKE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Sloan JonesSLOAN JONES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Scott JordanSCOTT JORDAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dr Daniel J KaufmanDR DANIEL J KAUFMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jill KershJILL KERSH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Kathryn KieserKATHRYN KIESER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Daniel J KingDANIEL J KING
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Ronda Colvin LearyRONDA COLVIN LEARY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Bin LiuBIN LIU
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Santiago R MarquezSANTIAGO R MARQUEZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Scott MawdesleySCOTT MAWDESLEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
William F McCargoWILLIAM F MCCARGO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Michael ParkMICHAEL PARK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Rep Sam ParkREP SAM PARK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Debra PotterDEBRA POTTER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Nathan PowellNATHAN POWELL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Teddy RussellTEDDY RUSSELL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Robin F SansoneROBIN F SANSONE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
David R StillDAVID R STILL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Sandra J StricklandSANDRA J STRICKLAND
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
R Lee Tucker JrR LEE TUCKER JR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Monty G WatsonMONTY G WATSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Adam C WilsonADAM C WILSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Philip R WolfePHILIP R WOLFE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Depriest WaddyDEPRIEST WADDY
PRESIDENT/CEO (STRTD 2022)
- Total calculated
- $136,033
- From this org
- $128,333
- From related orgs
- $0
- Other
- $7,700
- Hours/week
- 40
-
Randall RednerRANDALL REDNER
PRESIDENT/CEO (RETRD 2022)
- Total calculated
- $128,525
- From this org
- $75,000
- From related orgs
- $0
- Other
- $53,525
- Hours/week
- 40
-
Margaret BugbeeMARGARET BUGBEE
CFO
- Total calculated
- $40,374
- From this org
- $33,465
- From related orgs
- $0
- Other
- $6,909
- Hours/week
- 40
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
-
SOUTHEAST GWINNETT COOPERATIVE MINISTRY
$0
SUPPORT THE CHARITABLE MISSION OF THE 501(C)(3) RECIPIENT ORGANIZATION
-
SOUTHERN METHODIST UNIVERSITY - OFFICE OF RECORDS
$0
SUPPORT THE CHARITABLE MISSION OF THE 501(C)(3) RECIPIENT ORGANIZATION
-
SPECIAL FORCES CHARITABLE TRUST
$0
SUPPORT THE CHARITABLE MISSION OF THE 501(C)(3) RECIPIENT ORGANIZATION
-
SPECTRUM AUTISM SUPPORT GROUP INC
$0
SUPPORT THE CHARITABLE MISSION OF THE 501(C)(3) RECIPIENT ORGANIZATION
-
ST BRIGID CATHOLIC CHURCH
$0
SUPPORT THE CHARITABLE MISSION OF THE 501(C)(3) RECIPIENT ORGANIZATION
-
ST JUDE CHILDREN'S RESEARCH HOSPITAL
$0
SUPPORT THE CHARITABLE MISSION OF THE 501(C)(3) RECIPIENT ORGANIZATION
-
ST PIUS X CATHOLIC HIGH SCHOOL
$0
SUPPORT THE CHARITABLE MISSION OF THE 501(C)(3) RECIPIENT ORGANIZATION
-
STANDUP FOR KIDS
$0
SUPPORT THE CHARITABLE MISSION OF THE 501(C)(3) RECIPIENT ORGANIZATION
-
STEPHEN SILLER TUNNEL TO TOWERS FOUNDATION
$0
SUPPORT THE CHARITABLE MISSION OF THE 501(C)(3) RECIPIENT ORGANIZATION
-
STREET GRACE
$0
SUPPORT THE CHARITABLE MISSION OF THE 501(C)(3) RECIPIENT ORGANIZATION
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.
-
THE HUDGENS SUPPORTING FOUNDATION INC
501(C)(3) · SUPPORTING ORGANIZATION OF CFNEG · GA
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 15 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202343199349313749
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.