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Nonprofiteer
← ATLANTA RESOURCE FOUNDATION INC

Form 990 for tax year 2023

Filed by ATLANTA RESOURCE FOUNDATION INC.

Totals

Total revenue
$1,035,145
Total expenses
$1,084,025
Contributions and grants received
$1,029,970
Grants paid
$0
Program service revenue
$0
Investment income
$5,175
Other revenue
$0
Total assets, end of year
$313,967
Total liabilities, end of year
$17,617
Net assets or fund balances, end of year
$296,350
Program services expenses (Part IX)
$799,630
Management and general expenses
$282,875
Fundraising expenses
$1,520
Program service expenses (Part III)
$799,630

Program services were 73.8% 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

    $1,029,970

  • 3 · Investment income

    total $5,879 · excluded $5,879

  • 7a · Gross sales of assets other than inventory

    securities $1,762

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

    other assets $2,466

  • 7c · Gain or loss

    securities $1,762 · other assets -$2,466

  • 7d · Net gain or loss

    total -$704 · related or exempt -$704

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $144,909 · management and general $144,909

  • 7 · Other salaries and wages

    total $52,847 · management and general $52,847

  • 9 · Other employee benefits

    total $46,303 · management and general $46,303

  • 10 · Payroll taxes

    total $16,459 · management and general $16,459

  • 11c · Fees: accounting

    total $6,065 · management and general $6,065

  • 11f · Fees: investment management

    total $2,600 · management and general $2,600

  • 11g · Fees: other

    total $1,552 · management and general $1,552

  • 13 · Office expenses

    total $963 · management and general $963

  • 14 · Information technology

    total $4,634 · management and general $4,634

  • 18 · Travel or entertainment for public officials

    total $1,428 · fundraising $1,428

  • 19 · Conferences, conventions and meetings

    total $790 · management and general $790

  • 22 · Depreciation, depletion and amortization

    total $9,900 · program services $9,900

  • 23 · Insurance

    total $2,688 · management and general $2,688

  • 24a · Other expenses: VARIOUS PROGRAMS

    total $789,730 · program services $789,730

  • 24b · Other expenses: DUES & SUBSCRIPTIONS

    total $1,566 · management and general $1,474 · fundraising $92

  • 24c · Other expenses: TELEPHONE

    total $1,388 · management and general $1,388

  • 24d · Other expenses: BANK CHARGES

    total $164 · management and general $164

  • 24e · All other expenses

    total $39 · management and general $39

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $79,288 · end of year $23,542

  • 4 · Accounts receivable

    beginning of year $43,266 · end of year $40,759

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

    $19,801

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

    $4,740

  • 10c · Land, buildings and equipment, net

    beginning of year $4,402 · end of year $15,061

  • 11 · Investments: publicly traded securities

    beginning of year $218,830 · end of year $234,605

  • 17 · Accounts payable and accrued expenses

    beginning of year $36,090 · end of year $17,617

  • 27 · Net assets without donor restrictions

    beginning of year $137,750 · end of year $244,147

  • 28 · Net assets with donor restrictions

    beginning of year $171,946 · end of year $52,203

Mission and programs · 2023

Mission

TO ENHANCE THE WELFARE OF ATLANTA. THE FOUNDATION ACHIEVES THIS END THROUGH DISCOVERING, ENCOURAGING, NETWORKING, AND EMPOWERING INDIVIDUALS, PROJECTS, AND ORGANIZATIONS.

  • ATLANTA RESOURCE FOUNDATION, INC ASSISTS NEW AND ESTABLISHED ORGANIZATIONS AND INDIVIDUALS WHOSE WORK ENHANCES THE WELFARE AND GOOD OF THE CITY OF ATLANTA, GA.

    Expenses $799,630

As filed on the 2023 return.

Listed in Part VII

  • W ALLEN BELL

    EXECUTIVE DI

    Total calculated
    $144,909
    From this org
    $144,909
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • MIKE DAVIS

    BOARD MEMBER

    Total calculated
    $0

  • JT EIGEL

    BOARD MEMBER

    Total calculated
    $0

  • ROB FORRESTER

    BOARD MEMBER

    Total calculated
    $0

  • CHRIS GRAY

    BOARD MEMBER

    Total calculated
    $0

  • RAWSON HAVERTY

    BOARD CHAIR

    Total calculated
    $0

  • ANDREW KINTZ

    BOARD MEMBER

    Total calculated
    $0

  • CASSADRA KIRK

    BOARD MEMBER

    Total calculated
    $0

  • WILLIAM MITCHELL

    BOARD MEMBER

    Total calculated
    $0

  • MCKITTRICK SIMMONS

    BOARD MEMBER

    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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
10 January 2025
IRS schema version
2023v6.0
Source object
202540349349300039

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