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Capacity INC FY2023 filing

Tax-deductible

Atlanta, GA501(c)(3) EIN 23-7207598Revenue $111K in FY2023

On file with the IRS84 Walton St Nw Ste 500, 30303-2128 · Atlanta, GATax-exempt since Nov 1973Publicly supported charity — 170(b)(1)(A)(vi)

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To build a 21st century downtown as the heart of the atlanta region.

501(c)(3) charity; gifts are tax-deductible.
74¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · 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 5
filings with a surplus
Average deficit $42K a year · 12% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
74%
of spending
Fine: 74% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
12 mo
of spending, in cash
Looks good: 12.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $50K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$7K
3% of total assets
Looks good: liabilities are 3% of assets; 50% or less.
Pt X · Ln 26
Independent board members
28
of 31 voting members
Looks good: 28 of 31 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$111K
-11% vs prior year
Spent
$232K
To programs
74%
Net assets
$229K
By yearFY2020–FY2024
Revenue
$111K
FY2023▼ -11%
Tap a bar for its year
Revenue by fiscal year
FY2020$954K
FY2021$478K
FY2022$124K
FY2023$111K
FY2024$34K
Expenses
$232K
FY2023▼ -4%
Tap a bar for its year
Expenses by fiscal year
FY2020$929K
FY2021$446K
FY2022$243K
FY2023$232K
FY2024$59K
Net assets
$229K
FY2023▼ -35%
Tap a bar for its year
Net assets by fiscal year
FY2020$436K
FY2021$468K
FY2022$350K
FY2023$229K
FY2024$203K

From the FY2023 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Nov 1973.

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

Where the money goes

74 cents of each dollar spent went to programs.

Program services 74% · $171K Management & general 26% · $61K

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

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Who runs it and what they're paid

33 people listed on the 990.

Part VII, Section A · reportable compensation
Adam Oates
Board Member
$0Pt VII · Sec A
Ambrish Baisiwala
Board Member
$0Pt VII · Sec A
Andrea Farley
Board Member
$0Pt VII · Sec A
Bill Hollett
Board Member
$0Pt VII · Sec A
Brett Jewkes
Board Member
$0Pt VII · Sec A
Brian Davis
Vice Chair
$0Pt VII · Sec A
David Lee
Board Member
$0Pt VII · Sec A
David Nelson
Board Member
$0Pt VII · Sec A
See Capacity INC executive salaries →

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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

Develops a modern downtown to serve as the Atlanta region's central hub.

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Provided by the organization

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3 programs · $171K · in their own filed words · FY2023
01

Sweet Auburn

Sweet auburn technical assistance and predevelopment assistance fund (sweet auburn) that was created to encourage the redevelopment of the eastern downtown atlanta area, specifically the sweet auburn area. The project is to provide real estate development and economic vibrancy.

$85Kprogram expense
02

Prince Hall Restoration

Renovation project of the prince hall masonic lodge into approximately 16,000 square feet of multi-use space in atlanta's auburn avenue district.

$50Kprogram expense
03

Legacy makers is a tribute to the mayors allen and jackson (atlanta legacy makers). This initiative is being led by central atlanta progress in partnership with the city of atlanta. Atlanta legacy makers is a public commemoration of two atlanta mayors, ivan allen JR. And maynard jackson.

$36Kprogram expense

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 · FY2023
The Rich Foundation INCFY2023$50K
Total grants receivedfrom 1 funder$50K

By the numbers

The FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$111K
Ln 12
Gifts and grantsLn 1h$110K
Other incomeLn 4–11$2K
Money outPt IX
$232K
Ln 25
Programscol B$171K
Managementcol C$61K
Owns and owesPt X
$229K
net assets · Ln 32
Cash and savingsLn 1–2$235K
Total assetsLn 16$236K
LiabilitiesLn 26$7K
PeoplePt VI, VII
33
listed · VII A
PaidVII A0
Voting boardVI 1a31
IndependentVI 1b28
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$110K
Other incomeLn 4–11$2K
Total revenueLn 12$111K
Assets in detailPt X, end of year
CashLn 1$235K
Cash and savings togetherLn 1–2$235K
Total assetsLn 16$236K
LiabilitiesLn 26$7K
Net assetsLn 32$229K
OperationsPt I, VI
EmployeesI 50
VolunteersI 628
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$194K$235K
Total assetsLn 16$368K$236K
LiabilitiesLn 26$18K$7K
Net assetsLn 32$350K$229K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$3K$3K
Other fees for servicesLn 11g$58K$58K
Office expensesLn 13$527$527
Other expenses (24a–d)Ln 24$171K$171K
Total functional expensesLn 25$232K$171K$61K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $34K$59K−$26K$203K 990 PDF
FY2023 Viewing $111K$232K−$121K$229K 990 PDF
FY2022 $124K$243K−$118K$350K 990 PDF
FY2021 $478K$446K$32K$468K 990 PDF
FY2020 $954K$929K$25K$436K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $111,200 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $124,360$109,680
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$1,520
I-12 Total revenuePrior year $124,360$111,200
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $242,592$232,125
I-18 Total expensesPrior year $242,592$232,125
I-19 Revenue less expensesPrior year −$118,232−$120,925
Part VI · Governance 28 of 31 board members independent, 4 to look at
VI-1a Voting members of the governing body31
VI-1b Independent voting members28
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
Part VIII · Statement of revenue $111,200 across 4 lines filed
VIII-1f All other contributions, gifts and grants$109,680
VIII-1h Total contributions, gifts and grants$109,680
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $1,520$1,520
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $1,520$111,200
Part IX · Statement of functional expenses $232,125 across 4 lines filed
IX-11c Accounting feesManagement $2,575$2,575
IX-11g Other fees for servicesManagement $58,018$58,018
IX-13 Office expensesManagement $527$527
IX-24 Other expenses (24a–d)Programs $171,005$171,005
IX-25 Total functional expensesPrograms $171,005 · Management $61,120 · Fundraising $0$232,125
Part X · Balance sheet $235,898 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $193,627$235,448
X-4 Accounts receivable$450
X-16 Total assetsStart of year $367,927$235,898
X-17 Accounts payable and accrued expensesStart of year $17,667$6,563
X-26 Total liabilitiesStart of year $17,667$6,563
X-27 Net assets without donor restrictionsStart of year $281,338$210,413
X-28 Net assets with donor restrictionsStart of year $68,922$18,922
X-32 Total net assets or fund balancesStart of year $350,260$229,335
X-33 Total liabilities and net assetsStart of year $367,927$235,898
Part XI · Reconciliation of net assets $229,335 net assets at year end
XI-1 Total revenue$111,200
XI-2 Total expenses$232,125
XI-3 Revenue less expenses−$120,925
XI-4 Net assets at start of year$350,260
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$229,335

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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