Totals
- Total revenue
- $201,061
- Total expenses
- $1,738,095
- Contributions and grants received
- $201,061
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $28,099,577
- Total liabilities, end of year
- $20,489,393
- Net assets or fund balances, end of year
- $7,610,184
- Program services expenses (Part IX)
- $1,658,153
- Management and general expenses
- $79,942
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $1,658,153
Program services were 95.4% 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.
-
1d · Related organizations
$201,061
-
3 · Investment income
total $0
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6c · Rental income or loss
real property $0 · personal property $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8a · Fundraising events: gross income
$0
-
8b · Fundraising events: direct expenses
$0
-
8c · Net income from fundraising events
total $0
-
9a · Gaming: gross income
$0
-
9b · Gaming: direct expenses
$0
-
9c · Net income from gaming
total $0
-
10a · Gross sales of inventory
$0
-
10b · Cost of goods sold
$0
-
10c · Net income from sales of inventory
total $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $0
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $0
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $0
-
11a · Fees: management
total $79,500 · management and general $79,500
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $0
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $0
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $0
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $0
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $199,500 · program services $199,500
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $1,455,595 · program services $1,455,595
-
23 · Insurance
total $0
-
24a · Other expenses: OTHER EXPENSE
total $3,058 · program services $3,058
-
24b · Other expenses: BANK CHARGES
total $442 · management and general $442
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $223,540 · end of year $142,099
-
2 · Savings and temporary cash investments
beginning of year $0 · end of year $0
-
3 · Pledges and grants receivable
beginning of year $0 · end of year $0
-
4 · Accounts receivable
beginning of year $0 · end of year $0
-
5 · Loans and receivables from officers and key people
beginning of year $0 · end of year $0
-
6 · Loans and receivables from disqualified persons
beginning of year $0 · end of year $0
-
7 · Other notes and loans receivable
beginning of year $0 · end of year $0
-
8 · Inventories for sale or use
beginning of year $0 · end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $0 · end of year $0
-
10a · Land, buildings and equipment: cost or other basis
$33,282,714
-
10b · Land, buildings and equipment: accumulated depreciation
$5,325,236
-
10c · Land, buildings and equipment, net
beginning of year $29,288,787 · end of year $27,957,478
-
11 · Investments: publicly traded securities
beginning of year $0 · end of year $0
-
12 · Investments: other securities
beginning of year $0 · end of year $0
-
13 · Investments: program-related
beginning of year $0 · end of year $0
-
14 · Intangible assets
beginning of year $0 · end of year $0
-
15 · Other assets
beginning of year $0 · end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $17,251 · end of year $17,249
-
18 · Grants payable
beginning of year $0 · end of year $0
-
19 · Deferred revenue
beginning of year $0 · end of year $0
-
20 · Tax-exempt bond liabilities
beginning of year $0 · end of year $0
-
21 · Escrow or custodial account liability
beginning of year $0 · end of year $0
-
22 · Loans and payables to officers and key people
beginning of year $0 · end of year $0
-
23 · Secured mortgages and notes payable
beginning of year $20,347,858 · end of year $20,472,144
-
24 · Unsecured notes and loans payable
beginning of year $0 · end of year $0
-
25 · Other liabilities
beginning of year $0 · end of year $0
-
27 · Net assets without donor restrictions
beginning of year $9,147,218 · end of year $7,610,184
-
28 · Net assets with donor restrictions
beginning of year $0 · end of year $0
Mission and programs · 2024
Mission
THE CORPORATION IS ORGANIZED FOR THE EXCLUSIVE PURPOSE OF HOLDING TITLE TO REAL PROPERTY LOCATED AT 1605 DONALD LEE HOLLOWELL PKWY NW, ATLANTA, GA, 30318. TURNING OVER COLLECTED INCOME, LESS EXPENSES, TO GROVE PARK FOUNDATION, INC. ("GPF") GPF IS AN ORGANIZATION EXEMPT UNDER SECTION 501(A) OF THE INTERNAL REVENUE CODE OF 1986 OR THE CORRESPONDING PROVISION OF ANY FUTURE US INTERNAL REVENUE LAW.
Activities or mission (Part I)
THE CORPORATION IS ORGANIZED FOR THE EXCLUSIVE PURPOSE OF HOLDING TITLE TO REAL PROPERTY LOCATED AT 1605 DONALD LEE HOLLOWELL PARKWAY NW, ATLANTA, GA, 30318.
-
THE ORGANIZATION'S SUPPORTED ENTITY, GROVE PARK FOUNDATION, INC. IS CONSTRUCTING A NEW SCHOOL BUILDING FOR WOODSON PARK ACADEMY, WHICH IS LOCATED WITHIN A CENSUS TRACT THAT IS ELIGIBLE FOR THE NEW MARKET TAX CREDIT ("NMTC") PROGRAM. IN OCTOBER 2019, GPF ENTERED INTO A SERIES OF AGREEMENTS AND TRANSACTIONS WITH A CERTIFIED COMMUNITY DEVELOPMENT ENTITY, ("CDE") AND AN INVESTMENT FUND AFFILIATED WITH A COMMERCIAL BANK. THE FOUNDATION FORMED GPF WOODSON PARK NMTC, INC. ("GP WP NMTC") TO FACILITATE THE TRANSACTION, BY ISSUANCE OF FOUR NOTES PAYABLE TOTALING TO $20,700,000 WITH AN INTEREST RATE OF 1.00% PAID ANNUALLY STARTING IN 2028. THE ORGANIZATION WILL CARRY DEBT AND HOLD TITLE TO REAL PROPERTY LOCATED AT 1605 DONALD LEE HOLLOWELL PARKWAY, NW ATLANTA, GA 30318. WHEN COMPLETED, THE ORGANIZATION WILL TRANSFER THE PROPERTY TO GROVE PARK FOUNDATION, INC.
Expenses $1,658,153
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
GAVIN MCGUIRE
EXECUTIVE DIRECTOR
- Total calculated
- $184,526
- From this org
- $0
- From related orgs
- $166,375
- Other
- $18,151
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- not reported + $165,000 related
- Bonus
- not reported + $1,375 related
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported + $19,570 related
- Filer's total
- not reported + $185,945 related
-
Carol Naughton
Board Member
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Julia Chandler
Board Member
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Dale Royal
Board Member
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Matthew Underwood
Board Member
- Total calculated
- $0
- Hours/week
- 1 + 1 related
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 · Form 990 of other organizations
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
No itemized grants to organizations on this return.
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.
-
501(C)(3) · COMMUNITY DEV · GA
Directly controlled by NA
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 17 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202523219349315467
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