Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Aug 1981.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
100 cents of each dollar spent went to programs.
Form 990 Part IX, line 25. Every line is in By the numbers.
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Who runs it and what they're paid
11 people listed on the 990; $5K paid to officers and key staff.
Compensation history total reportable pay by year · 1 named individual · Part VII
| Name | FY2023 | FY2023 | FY2021 |
|---|---|---|---|
| Michael Sims | $2,890 | $5,000 | $5,000 |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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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 15aYes
Programs and updates
Praters Mill Foundation INC is a nonprofit based in Varnell, GA.
Questions for Praters Mill Foundation INC
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Prater's mill fair (held once a year)
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2023 990, line by line.
Download 990
| Line | Start FY23 | End FY23 |
|---|---|---|
| Cash and savingsLn 1–2 | $75K | $95K |
| InvestmentsLn 11–13 | $22K | $28K |
| Land, buildings, equipmentLn 10c | $44K | $43K |
| Total assetsLn 16 | $183K | $208K |
| LiabilitiesLn 26 | $881 | $631 |
| Net assetsLn 32 | $183K | $207K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Other salaries and wagesLn 7 | $8K | $8K | ||
| Payroll taxesLn 10 | $630 | $630 | ||
| Accounting feesLn 11c | $9K | $9K | ||
| Advertising and promotionLn 12 | $12K | $12K | ||
| Office expensesLn 13 | $3K | $3K | ||
| TravelLn 17 | $2K | $2K | ||
| Depreciation, depletion and amortizationLn 22 | $3K | $3K | ||
| InsuranceLn 23 | $7K | $7K | ||
| Other expenses (24a–d)Ln 24 | $26K | $26K | ||
| All other expensesLn 24e | $22K | $22K | ||
| Total functional expensesLn 25 | $93K | $93K | $0 | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest | $57K | $34K | $24K | $245K | 990 PDF |
| FY2024 | $6K | $31K | −$24K | $221K | 990 PDF |
| FY2023 Viewing | $117K | $93K | $25K | $207K | 990 PDF |
| FY2022 | $92K | $91K | $2K | $183K | 990 PDF |
| FY2021 | $39K | $46K | −$7K | $181K | 990 PDF |
| FY2020 | $101K | $70K | $31K | $188K | 990 PDF |
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Schedules filed Part IV
See the full FY2023 990 (6 parts)
Part I · Summary $117,262 revenue, 12 lines filed
Part VI · Governance 11 of 11 board members independent, no flags
Part VIII · Statement of revenue $117,262 across 8 lines filed
Part IX · Statement of functional expenses $92,669 across 10 lines filed
Part X · Balance sheet $207,782 assets, 10 lines filed
Part XI · Reconciliation of net assets $207,151 net assets at year end
Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File
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