Totals
- Total revenue
- $4,266,102
- Total expenses
- $2,239,246
- Contributions and grants received
- $2,130,893
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $1,735,209
- Other revenue
- $400,000
- Total assets, end of year
- $67,010,076
- Total liabilities, end of year
- $42,382,085
- Net assets or fund balances, end of year
- $24,627,991
- Program services expenses (Part IX)
- $1,636,343
- Management and general expenses
- $602,903
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $1,636,343
Program services were 73.1% 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
$2,130,893
-
3 · Investment income
total $1,265,718 · excluded $1,265,718
-
7a · Gross sales of assets other than inventory
securities $7,227,519
-
7b · Less cost or other basis and sales expenses
securities $6,758,028
-
7c · Gain or loss
securities $469,491
-
7d · Net gain or loss
total $469,491 · excluded $469,491
-
11a · Other revenue: INVESTMENT SERVICES
total $400,000 · related or exempt $400,000
-
11e · Other revenue, total
$400,000
Functional expenses
Part IX, the statement of functional expenses.
-
11f · Fees: investment management
total $200,999 · management and general $200,999
-
13 · Office expenses
total $1,904 · management and general $1,904
-
24a · Other expenses: SCHOLARSHIP TRANSFERS
total $1,636,343 · program services $1,636,343
-
24b · Other expenses: ADMINISTRATIVE SERVICES
total $400,000 · management and general $400,000
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $54,210,977 · end of year $67,010,076
-
25 · Other liabilities
beginning of year $36,109,661 · end of year $42,382,085
-
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 $18,101,316 · end of year $24,627,991
Mission and programs · 2022
Mission
THE ORGANIZATION'S MISSION IS TO RAISE AND INVEST FUNDS TO SUPPORT THE REACH GEORGIA PROGRAM.
Activities or mission (Part I)
TO RAISE AND INVEST FUNDS TO SUPPORT THE REACH GEORGIA PROGRAM. ACTIVITIES INCLUDE FUNDRAISING, CREATING AWARENESS AND MANAGING INVESTMENTS.
-
THE FOUNDATION RAISED MONEY THROUGH FUNDRAISING AND CREATING AWARENESS FOR THE REACH GEORGIA PROGRAM, WHICH IS AIMED TO SUPPORT OVER 2,800 LOW-INCOME STUDENTS IN ALL 180 SCHOOL SYSTEMS ACROSS THE STATE OF GEORGIA BY 2020 AND ENSURE THESE STUDENTS HAVE THE ACADEMIC, SOCIAL, AND FINANCIAL SUPPORT NEEDED TO GRADUATE FROM HIGH SCHOOL, ACCESS COLLEGE, AND ACHIEVE POSTSECONDARY SUCCESS.
-
THE FOUNDATION INVESTED FUNDS FROM THE FOUNDATION'S FUNDRAISING EFFORTS AND FUNDS HELD ON BEHALF OF THE GEORGIA STUDENT FINANCE AUTHORITY TO PROVIDE FOR FUTURE SCHOLARSHIPS FOR REACH SCHOLARS AND FOR ITS OWN ADMINISTRATIVE EXPENSES.
Expenses $1,636,343
As filed on the 2022 return.
Listed in Part VII
-
MICHAEL PATRICK
CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
CHARLIE SUTLIVE
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
TJ ABRAMS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
TOMMY BAGWELL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
JUSTIN BARBER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
JOSH CHAMPION
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
KATIE CHASTAIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
JENNA COLVIN
EX-OFFICIO
- Total calculated
- $0
- Hours/week
- 0.1
-
BUBBER EPPS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
BILL GALLAGHER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
OMARI HENDERSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
TERRY HOWELL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
TRACY IRELAND
EX-OFFICIO
- Total calculated
- $0
- Hours/week
- 0.1
-
KIMBERLY KNIGHT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
LOWERY HOUSTON MAY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
JAMIE MCCURRY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
JOHN PEMBERTON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
CARL PEOPLES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
KATHLEEN PHELPS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
GUS PURSLEY III
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
BRAD SIMS
EX-OFFICIO
- Total calculated
- $0
- Hours/week
- 0.1
-
RUSSELL SMITH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
ALEX WAYNE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
LIZ WOLVERTON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
LYNNE RILEY GSFC PRESIDENT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
STEPHEN DEBAUN
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
LISA GARRISON
TREASURER
- Total calculated
- $0
- Hours/week
- 2
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
- 2022
- Filed
- 13 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202333179349308403
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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