Old Fourth Ward Education Foundation

Tax-deductible

Atlanta, GA501(c)(3)EducationEIN 46-3369888Revenue $142K in FY2023

On file with the IRShopehillfoundation.org112 Boulevard Ne, 30312-1610 · Atlanta, GATax-exempt since May 2014Publicly supported charity — 170(b)(1)(A)(vi)

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The organization's mission is to raise funds to provide resources for improvements to hope-hill elementary a k-5 public school located in the Old Fourth Ward neighborhood of atlanta, georgia. The schools is a part of the atlanta public school system.

501(c)(3) charity; gifts are tax-deductible.
0¢ of each $1 spent went to programs.
Run by 20 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

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
FY2023
latest Form 990
Fine: the latest return is for FY2023, 3 tax years back; within 3 tax years.
IRS e-file · Filing history
Spent on programs
0.1%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
9 mo
of spending, in cash
Looks good: 9.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $139
Fine: 1 funder names 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
12
of 12 voting members
Looks good: 12 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$142K
+101% vs prior year
Spent
$124K
To programs
0.1%
Net assets
$96K
By yearFY2021–FY2023
Revenue
$142K
FY2023▲ +101%
Tap a bar for its year
Revenue by fiscal year
FY2021$71K
FY2023$142K
Net assets
$96K
FY2023▲ +32%
Tap a bar for its year
Net assets by fiscal year
FY2021$73K
FY2023$96K

From the FY2023 Form 990 (year ending June 2023) · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2023. IRS ruling in May 2014.

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

Where the money goes

0 cents of each dollar spent went to programs.

Program services 0% · $147 Management & general 100% · $124K

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

12 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Old Fourth Ward Education Foundation 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

Fundraising for improvements to a K-5 public elementary school.

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Provided by the organization

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2 programs · $147 · in their own filed words · FY2022
01

Support for old 4TH ward 5k race.

$147program expense
02

A 107,864 grant was given to the school for various improvements to the school.

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 · FY2023
Total grants receivedfrom 1 funder$139

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$142K
Ln 12
Fees for servicesLn 2g$108K
Gifts and grantsLn 1h$82K
Money outPt IX
$124K
Ln 25
Programscol B$147
Managementcol C$124K
Owns and owesPt X
$96K
net assets · Ln 32
Cash and savingsLn 1–2$96K
Total assetsLn 16$96K
LiabilitiesLn 26$0
PeoplePt VI, VII
12
listed · VII A
PaidVII A0
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$82K
Fees for servicesLn 2g$108K
Total revenueLn 12$142K
Assets in detailPt X, end of year
CashLn 1$96K
Cash and savings togetherLn 1–2$96K
Total assetsLn 16$96K
LiabilitiesLn 26$0
Net assetsLn 32$96K
OperationsPt I, VI
EmployeesI 50
VolunteersI 620
Fiscal year endsHeaderJune
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$77K$96K
Total assetsLn 16$77K$96K
LiabilitiesLn 26$0$0
Net assetsLn 32$77K$96K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Office expensesLn 13$147$147
Information technologyLn 14$324$324
Other expenses (24a–d)Ln 24$124K$124K
Total functional expensesLn 25$124K$147$124K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 Latest Viewing $142K$124K$18K$96K 990 PDF
FY2022 Not on file
FY2021 $71K$73K 990 PDF

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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 FY2023 990 (6 parts)
Part I · Summary $142,414 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $21,685$81,865
I-9 Program service revenue$107,864
I-10 Investment income$0
I-11 Other revenuePrior year −$53−$47,315
I-12 Total revenuePrior year $21,632$142,414
I-13 Grants and similar amounts paidPrior year $15,745$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $1,068$124,208
I-18 Total expensesPrior year $16,813$124,208
I-19 Revenue less expensesPrior year $4,819$18,206
Part VI · Governance 12 of 12 board members independent, 4 to look at
VI-1a Voting members of the governing body12
VI-1b Independent voting members12
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 $142,414 across 5 lines filed
VIII-1f All other contributions, gifts and grants$81,865
VIII-1h Total contributions, gifts and grants$81,865
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $107,864$107,864
VIII-8 Net income from fundraising events−$47,315
VIII-12 Total revenueRelated to mission $107,864$142,414
Part IX · Statement of functional expenses $124,208 across 3 lines filed
IX-13 Office expensesPrograms $147$147
IX-14 Information technologyManagement $324$324
IX-24 Other expenses (24a–d)Management $123,737$123,737
IX-25 Total functional expensesPrograms $147 · Management $124,061 · Fundraising $0$124,208
Part X · Balance sheet $95,549 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $77,343$95,549
X-16 Total assetsStart of year $77,343$95,549
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $77,343$95,549
X-32 Total net assets or fund balancesStart of year $77,343$95,549
X-33 Total liabilities and net assetsStart of year $77,343$95,549
Part XI · Reconciliation of net assets $95,549 net assets at year end
XI-1 Total revenue$142,414
XI-2 Total expenses$124,208
XI-3 Revenue less expenses$18,206
XI-4 Net assets at start of year$77,343
XI-10 Net assets at end of year$95,549

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

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