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

Georgia Economic Development Foundation INC FY2021 filing

Tax-deductible

Atlanta, GA501(c)(3)Since 1984Community Development EIN 58-1549902Revenue $174K in FY2021

On file with the IRS75 5th St Nw Ste 1200, 30308-1020 · Atlanta, GATax-exempt since Mar 1985Publicly supported — 509(a)(2)

Claim this org

(tell your story, add context, and more)

What claiming does How does your 990 look to donors? Take the 10-Question Audit

The Foundation functions as an advocate of Economic Development for the state of Georgia.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 6
filings with a surplus
Average surplus $23K a year · 5% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
104 mo
of spending, in cash
Looks good: 103.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $300K
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
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$174K
-76% vs prior year
Spent
$76K
To programs
100%
Net assets
$652K
By yearFY2020–FY2025
Revenue
$174K
FY2021▼ -76%
Tap a bar for its year
Revenue by fiscal year
FY2020$717K
FY2021$174K
FY2022$223K
FY2023$236K
FY2024$884K
FY2025$676K
Expenses
$76K
FY2021▼ -87%
Tap a bar for its year
Expenses by fiscal year
FY2020$575K
FY2021$76K
FY2022$441K
FY2023$537K
FY2024$739K
FY2025$406K
Net assets
$652K
FY2021▲ +18%
Tap a bar for its year
Net assets by fiscal year
FY2020$554K
FY2021$652K
FY2022$433K
FY2023$133K
FY2024$278K
FY2025$548K

From the FY2021 Form 990 (year ending June 2021) · figures checked against the IRS filing · see the original

990 PDF Claim
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 1985.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $76K

Form 990 Part IX, line 25. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

3 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Chris Carr
Chairman
$0Pt VII · Sec A
$0Pt VII · Sec A
John Moffatt
Treasurer
$0Pt VII · Sec A
See Georgia Economic Development Foundation INC executive salaries →

On this list? Claim this org

Something off? Claim to add context

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

Promotes economic growth and development across Georgia.

Questions for Georgia Economic Development Foundation INC

Tap to ask. Georgia Economic Development Foundation INC sees how many people are interested.

Your first name shows with your question. Georgia Economic Development Foundation INC answers here, for everyone.

Provided by the organization

Know this org? Add your story

1 program · $76K · in their own filed words · FY2020
01

The foundation served as conference sponsors for seminars on doing business in the state of georgia. In addition, the foundation provided funds for receptions and other costs associated with visiting dignitaries.

$76Kprogram 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 · FY2024
Georgia Corporation for Economic DevelopmentFY2024$300K
Total grants receivedfrom 1 funder$300K

By the numbers

The FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$174K
Ln 12
Gifts and grantsLn 1h$155K
Other incomeLn 4–11$18K
Fees for servicesLn 2g$705
Money outPt IX
$76K
Ln 25
Programscol B$76K
Owns and owesPt X
$652K
net assets · Ln 32
Cash and savingsLn 1–2$652K
Total assetsLn 16$652K
LiabilitiesLn 26$0
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$155K
Fees for servicesLn 2g$705
Investment incomeLn 3$114
Other incomeLn 4–11$18K
Total revenueLn 12$174K
Assets in detailPt X, end of year
CashLn 1$652K
Cash and savings togetherLn 1–2$652K
Total assetsLn 16$652K
LiabilitiesLn 26$0
Net assetsLn 32$652K
OperationsPt I, VI
EmployeesI 50
VolunteersI 63
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 FY21End FY21
Cash and savingsLn 1–2$554K$652K
Total assetsLn 16$554K$652K
LiabilitiesLn 26$0$0
Net assetsLn 32$554K$652K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$2K$2K
Office expensesLn 13$2K$2K
TravelLn 17$14K$14K
Conferences, conventions and meetingsLn 19$1K$1K
Other expenses (24a–d)Ln 24$57K$57K
All other expensesLn 24e$442$442
Total functional expensesLn 25$76K$76K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $676K$406K$270K$548K 990 PDF
FY2024 $884K$739K$145K$278K 990 PDF
FY2023 $236K$537K−$301K$133K 990 PDF
FY2022 $223K$441K−$218K$433K 990 PDF
FY2021 Viewing $174K$76K$98K$652K 990 PDF
FY2020 $717K$575K$141K$554K 990 PDF

More to add? Claim this org

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $173,644 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $567,224$155,025
I-9 Program service revenuePrior year $65,100$705
I-10 Investment incomePrior year $1,091$114
I-11 Other revenuePrior year $83,241$17,800
I-12 Total revenuePrior year $716,656$173,644
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 $575,209$75,574
I-18 Total expensesPrior year $575,209$75,574
I-19 Revenue less expensesPrior year $141,447$98,070
Part VI · Governance 3 of 3 board members independent, 4 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
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 $173,644 across 6 lines filed
VIII-1f All other contributions, gifts and grants$155,025
VIII-1h Total contributions, gifts and grants$155,025
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $705$705
VIII-3 Investment incomeExcluded from tax $114$114
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $17,800$17,800
VIII-12 Total revenueRelated to mission $18,505 · Unrelated business $0 · Excluded from tax $114$173,644
Part IX · Statement of functional expenses $75,574 across 6 lines filed
IX-11c Accounting feesPrograms $1,500$1,500
IX-13 Office expensesPrograms $1,908$1,908
IX-17 TravelPrograms $13,923$13,923
IX-19 Conferences, conventions and meetingsPrograms $1,000$1,000
IX-24 Other expenses (24a–d)Programs $56,801$56,801
IX-24e All other expensesPrograms $442$442
IX-25 Total functional expensesPrograms $75,574 · Management $0 · Fundraising $0$75,574
Part X · Balance sheet $651,909 assets, 5 lines filed
X-1 Cash, non-interest-bearingStart of year $553,839$651,909
X-16 Total assetsStart of year $553,839$651,909
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $553,839$651,909
X-33 Total liabilities and net assetsStart of year $553,839$651,909
Part XI · Reconciliation of net assets $651,909 net assets at year end
XI-1 Total revenue$173,644
XI-2 Total expenses$75,574
XI-3 Revenue less expenses$98,070
XI-4 Net assets at start of year$553,839
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$651,909

Form 990 e-file (XML) FY2021 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.

Your org? Add context

Made it to the end? Claim this org

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.