philanthropy.org | 990 Resource | FAQ Verify yourself
Sign in

Krimson Community Foundation

Tax-deductible

Atlanta, GA501(c)(3)EducationEIN 01-0599770Revenue $240K in FY2024

On file with the IRSkrimsoncommunityfoundation.orgPo Box 725227, 31139-2227 · Atlanta, GATax-exempt since Oct 2002Publicly supported — 509(a)(2)

This page gets seen. Tell your story. Claim this org.

The Krimson Community Foundation is a 501(c)(3) tax-exempt organization that was formed in 2001 to support young African-American boys in grades 4-12. We offer educational programming, scholarships, mentoring opportunities, and community service programs throughout Acworth, Alpharetta, Austell, Chamblee, Doraville, Dunwoody, Kennesaw, Mableton, Marietta, Norcross, Roswell, Sandy Springs and Smyrna area. We support the growth and culture development of young men with the purpose of empowering them to achieve and excel in all facets of their lives.

501(c)(3) charity; gifts are tax-deductible.
46¢ of each $1 spent went to programs.
Run by 10 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 2
filings with a surplus
Average surplus $63K a year · 28% of revenue · last 2 filings
Looks good: a surplus in 2 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
46%
of spending
Concern: 46% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
24 mo
of spending, in cash
Looks good: 24.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $15K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
16
of 16 voting members
Looks good: 16 of 16 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$240K
+15% vs prior year
Spent
$132K
To programs
46%
Net assets
$266K
By yearFY2020–FY2024
Revenue
$240K
FY2024▲ +15%
Tap a bar for its year
Revenue by fiscal year
FY2020$52K
FY2021$66K
FY2022$88K
FY2023$209K
FY2024$240K
Expenses
$132K
FY2024▼ -31%
Tap a bar for its year
Expenses by fiscal year
FY2020Not on file
FY2021Not on file
FY2022Not on file
FY2023$191K
FY2024$132K
Net assets
$266K
FY2024▲ +48%
Tap a bar for its year
Net assets by fiscal year
FY2020$106K
FY2021$133K
FY2022$159K
FY2023$179K
FY2024$266K

From the FY2024 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Oct 2002.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

46 cents of each dollar spent went to programs.

Program services 46% · $61K Management & general 24% · $32K Fundraising 124% · $164K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? The org can add a note here. Claim this org to fix it.

Who runs it and what they're paid

6 people listed on the 990.

Part VII, Section A · reportable compensation
Cory Wheaton
Secretary
$0Pt VII · Sec A
Lamont Bates
Chairman
$0Pt VII · Sec A
Devon Thames
Treasurer
$0Pt VII · Sec A
Cory Wheaton
Secretary
$0Pt VII · Sec A
Lamont Bates
Chairman
$0Pt VII · Sec A
Devon Thames
Treasurer
$0Pt VII · Sec A
See Krimson Community Foundation executive salaries →

Are you one of these people? Claim this org to confirm your role

Something off? The org can add a note here. Claim this org to fix it.

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Empowers young African-American boys through education, scholarships, and mentoring.

Questions for Krimson Community Foundation

Tap to ask. Krimson Community Foundation sees how many people are interested.

Your first name shows with your question. Krimson Community Foundation answers here, for everyone.

Provided by the organization

Know this organization? Claim it to add your story

2 programs · $61K · in their own filed words · FY2024
01

We provided scholarship awards and direct support of high school programs

$61Kprogram expense
02

We provided scholarship awards and direct support of high school programs

Pt IX · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Fidelity Investments Charitable Gift FundFY2024$10K
American Online Giving Foundation INCFY2024$5K
Total grants receivedfrom 2 funders$15K

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$240K
Ln 12
Gifts and grantsLn 1h$240K
Other incomeLn 4–11$348
Money outPt IX
$132K
Ln 25
Programscol B$61K
Managementcol C$32K
Fundraisingcol D$164K
Owns and owesPt X
$266K
net assets · Ln 32
Cash and savingsLn 1–2$266K
Total assetsLn 16$266K
LiabilitiesLn 26$0
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a16
IndependentVI 1b16
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$240K
Other incomeLn 4–11$348
Total revenueLn 12$240K
Assets in detailPt X, end of year
Cash and savings togetherLn 1–2$266K
Total assetsLn 16$266K
LiabilitiesLn 26$0
Net assetsLn 32$266K
OperationsPt I, VI
EmployeesI 50
VolunteersI 610
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $240K$132K$108K$266K 990 PDF
FY2023 $209K$191K$18K$179K 990 PDF
FY2022 $88K$159K 990 PDF
FY2021 $66K$133K 990 PDF
FY2020 $52K$106K 990 PDF

Want to add your own materials alongside these filings? Claim this org

Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (1 part)
Part VI · Governance 16 of 16 board members independent, 4 to look at
VI-1a Voting members of the governing body16
VI-1b Independent voting members16
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.