Form 990 for tax year 2023
Filed by GREATER ATLANTA CHRISTIAN FOUNDATION INC.
Totals
- Total revenue
- $523,841
- Total expenses
- $161,708
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $523,841
- Other revenue
- $0
- Total assets, end of year
- $75,378,212
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $75,378,212
- Program services expenses (Part IX)
- $0
- Management and general expenses
- $161,708
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $0
Program services were 0.0% 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.
-
3 · Investment income
total $1,270,955 · excluded $1,270,955
-
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
-
7a · Gross sales of assets other than inventory
securities $907,949
-
7b · Less cost or other basis and sales expenses
securities $1,655,063
-
7c · Gain or loss
securities -$747,114
-
7d · Net gain or loss
total -$747,114 · excluded -$747,114
-
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 $61,218 · management and general $61,218
-
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 $100,490 · management and general $100,490
-
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 $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $0 · end of year $0
-
2 · Savings and temporary cash investments
beginning of year $693,571 · end of year $290,190
-
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
-
10c · Land, buildings and equipment, net
beginning of year $0 · end of year $0
-
11 · Investments: publicly traded securities
beginning of year $62,518,114 · end of year $64,782,633
-
12 · Investments: other securities
beginning of year $7,738,663 · end of year $10,305,389
-
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 $0 · end of year $0
-
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 $0 · end of year $0
-
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 $49,142,398 · end of year $52,117,358
-
28 · Net assets with donor restrictions
beginning of year $21,807,950 · end of year $23,260,854
Mission and programs · 2023
Mission
THE GREATER ATLANTA CHRISTIAN FOUNDATION IS A SUPPORTING ORGANIZATION OF GREATER ATLANTA CHRISTIAN SCHOOLS, INC (FEIN 58-0960612). THE FOUNDATION IMPROVES AND EXPANDS THE MISSION OF GREATER ATLANTA CHRISTIAN SCHOOLS, INC BY SECURING FINANCIAL SUPPORT FROM A VARIETY OF SOURCES AND BY CONSIDERING AND SELECTING APPROPRIATE INVESTMENT OF THE ASSETS OF THE FOUNDATION FOR THE LONG-TERM BENEFIT OF THE FOUNDATION AND FOR GREATER ATLANTA CHRISTIAN SCHOOLS, INC.
Activities or mission (Part I)
TO IMPROVE AND EXPAND THE MISSION OF GREATER ATLANTA CHRISTIAN SCHOOLS, INC., A 501(C)(3) ORGANIZATION.
-
SELECTING APPROPRIATE INVESTMENTS AND DETERMINING APPROPRIATE EXPENDITURES FOR THE LONG-TERM BENEFIT OF THE FOUNDATION AND FOR GREATER ATLANTA CHRISTIAN SCHOOLS, INC.
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Scott HarshSCOTT HARSH
PRESIDENT OF GACS
- Total calculated
- $467,055
- From this org
- $0
- From related orgs
- $374,923
- Other
- $92,132
- Hours/week
- 5 + 55 related
Schedule J breakdown matched by us
- Base
- not reported + $374,923 related
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported + $40,847 related
- Nontaxable benefits
- not reported + $51,579 related
- Filer's total
- not reported + $467,349 related
-
Dr Joshua ThomasonDR JOSHUA THOMASON
VP OF FINANCE AND OPS OF GACS
- Total calculated
- $344,911
- From this org
- $0
- From related orgs
- $258,129
- Other
- $86,782
- Hours/week
- 5 + 55 related
Schedule J breakdown matched by us
- Base
- not reported + $258,129 related
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported + $9,298 related
- Nontaxable benefits
- not reported + $77,778 related
- Filer's total
- not reported + $345,205 related
-
Mac SchneiderMAC SCHNEIDER
BOARD CHAIR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Andy AdamsANDY ADAMS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Ed BastianED BASTIAN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Ulrich BrechbhlULRICH BRECHBHL
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
James CombeeJAMES COMBEE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Stephen EatonSTEPHEN EATON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Lee FreemanLEE FREEMAN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Bart HarperBART HARPER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Bill LongBILL LONG
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Gary LongGARY LONG
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Fernando NasmythFERNANDO NASMYTH
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Dr Todd StewartDR TODD STEWART
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Jeff StreetJEFF STREET
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Tom TaborTOM TABOR
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Jim TidwellJIM TIDWELL
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
John WoodJOHN WOOD
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
- 1a · Health or social club dues or initiation fees
- 2 · Substantiation required before reimbursing expenses
- 3 · Compensation committee
- 3 · Form 990 of other organizations
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
Answered no
- 1b · Written policy on the line-1a expenses
- 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
The filer's explanations (Part III)
- SCHEDULE J, PART I, LINE 1A
- THE SAME COMMITTEE OF THE BOARD THAT DETERMINES OFFICER COMPENSATION ALSO APPROVED THE PAYMENT OF MEMBERSHIP FEES. THE MEMBERSHIPS ARE SEEN AS NECESSARY BUSINESS EXPENSES RELATED TO THE OFFICER'S ROLE IN THE ORGANIZATION. THE BENEFITS OBTAINED THROUGH THOSE MEMBERSHIPS (FUNDRAISING AND PUBLIC RELATIONS) FAR OUTWEIGH THE COSTS.
- SCHEDULE J, PART I, LINE 1B
- THE RELATED SCHOOL PAYS MONTHLY MEMBERSHIP FEES FOR AN OFFICER TO CONDUCT VARIOUS BUSINESS MATTERS.
- SCHEDULE J, PART II
- SCOTT HARSH RECEIVES COMPENSATION FROM A RELATED ORGANIZATION, GREATER ATLANTA CHRISTIAN SCHOOLS, INC. DR. THOMASON'S COMPENSATION IS PAID ENTIRELY BY THE SCHOOL; THEY RECEIVE NO COMPENSATION FROM GREATER ATLANTA CHRISTIAN FOUNDATION, INC.
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.
-
GREATER ATLANTA CHRISTIAN SCHOOLS INC
501(C)(3) · SCHOOL · GA
Directly controlled by NA
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 15 May 2025
- IRS schema version
- 2023v6.0
- Source object
- 202531359349305513
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