C F Foundation INC

Tax-deductible

Atlanta, GA501(c)(3)Since 1987Foundations & GrantmakersEIN 58-1743909Revenue $13.7M in FY2024

On file with the IRS830glenwoodavese 510-205, 30316-0000 · Atlanta, GATax-exempt since May 1988Supporting organization — 509(a)(3)

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Organized & operated to support the community Foundation for greater atlanta, INC.

501(c)(3) charity; gifts are tax-deductible.
91¢ of each $1 spent went to programs.
$452K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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
4 of 5
filings with a surplus
Average surplus $1.5M a year · 12% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
91%
of spending
Looks good: 91% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$452K
to officers and key staff · 4% of spending
Top officer’s pay higher than 53% of similar orgs
Looks good: pay to officers and key staff is 4% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.8 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
6
named funders · $6.3M
Looks good: 6 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$2.8M
5% of total assets
Looks good: liabilities are 5% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 5 voting members
Looks good: 3 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$13.7M
-3% vs prior year
Spent
$12.7M
To programs
91%
Net assets
$56.7M
By yearFY2020–FY2024
Revenue
$13.7M
FY2024▼ -3%
Tap a bar for its year
Revenue by fiscal year
FY2020$5.1M
FY2021$8.2M
FY2022$18.4M
FY2023$14.2M
FY2024$13.7M
Expenses
$12.7M
FY2024▼ -3%
Tap a bar for its year
Expenses by fiscal year
FY2020$6.7M
FY2021$7.6M
FY2022$12.1M
FY2023$13.2M
FY2024$12.7M
Net assets
$56.7M
FY2024▼ -16%
Tap a bar for its year
Net assets by fiscal year
FY2020$60.4M
FY2021$64.0M
FY2022$64.0M
FY2023$67.7M
FY2024$56.7M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

Form 990 (PDF) Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in May 1988.

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

Where the money goes

91 cents of each dollar spent went to programs.

Program services 91% · $11.6M Management & general 9% · $1.1M

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

10 people listed on the 990; $452K paid to officers and key staff.

Part VII, Section A · reportable compensation
$242,837Pt VII · Sec A
$105,388Pt VII · Sec A
$104,082Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Officer/Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Cynthia Kuhlman’s $243K as Education is at the 53rd percentile of top reported officer pay among 661 $10–100M philanthropy & grantmaking nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Cynthia Kuhlman$242,837$242,661$245,909$241,529$240,434
Rick Bent———$198,628$191,509
Kelly Summers—$142,909$149,902$169,696$159,820
Chad Medley—$110,179$144,633$148,488$132,477
Amy Clarke—$58,209$134,332$112,258$106,966
Sam Moss————$130,000
Sherie Ducasse$105,388$104,758$100,694——
Tiffany Padolsky$104,082$97,197$89,657——

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.

See C F Foundation 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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Supports the Community Foundation for Greater Atlanta's work.

Questions for C F Foundation INC

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Provided by the organization

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2 programs · $11.6M · in their own filed words · FY2024
01

The CF foundation, inc seeks to invest in innovative ideas and capable leaders and to sustainably grow long-term solutions that address root causes of inequity. The foundation targets investment in the following focus areas in order to contribute to a healthy ecosystem of resources within communities:- community wellness: access to…

$9.0Mprogram expense
02

The c f foundation, inc donates money to charities that are qualified to be supported by the community foundation for greater atlanta, inc.

$2.6Mprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2024
See all 6 funders →
Grants paid · 113 grants · $36.9M · 2020–2024
East Lake Foundation INCGA · FY2024$1,951,000
Grove Park Foundation INCGA · FY2024$750,000
Fcs Urban Ministries INCGA · FY2024$750,000
Cor INCGA · FY2024$310,000
Raising Expectations INCGA · FY2024$300,000
Giwayen Mata INCGA · FY2024$240,000
Restoration Atl Mission INCGA · FY2024$210,000
Fresh FilmsIL · FY2024$108,375
Chris 180 INCGA · FY2024$100,000
Morehouse CollegeGA · FY2024$75,000
Hopebound Mental HealthGA · FY2024$75,000
East Atlanta Kids Club INCGA · FY2024$60,000
See all 113 grants →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$13.7M
Ln 12
Gifts and grantsLn 1h$9.3M
Investment incomeLn 3$4.3M
Other incomeLn 4–11$130K
Money outPt IX
$12.7M
Ln 25
Programscol B$11.6M
Managementcol C$1.1M
Owns and owesPt X
$56.7M
net assets · Ln 32
Cash and savingsLn 1–2$881K
Total assetsLn 16$59.5M
LiabilitiesLn 26$2.8M
PeoplePt VI, VII
10
listed · VII A
PaidVII A3
Voting boardVI 1a5
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$9.3M
Noncash giftsLn 1g$2.0M
Investment incomeLn 3$4.3M
Other incomeLn 4–11$130K
Gains on assetsLn 7$2.1M
Total revenueLn 12$13.7M
Assets in detailPt X, end of year
CashLn 1$507K
SavingsLn 2$374K
Cash and savings togetherLn 1–2$881K
InvestmentsLn 11–13$35.4M
Land, buildings, equipmentLn 10c$318K
Other assetsLn 15$5.6M
Total assetsLn 16$59.5M
LiabilitiesLn 26$2.8M
Net assetsLn 32$56.7M
OperationsPt I, VI
EmployeesI 58
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$11.0M$881K
InvestmentsLn 11–13$44.6M$35.4M
Land, buildings, equipmentLn 10c$315K$318K
Total assetsLn 16$67.7M$59.5M
LiabilitiesLn 26$49K$2.8M
Net assetsLn 32$67.7M$56.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$10.7M$10.7M
Other salaries and wagesLn 7$297K$297K
Legal feesLn 11b$12K$12K
Accounting feesLn 11c$100K$100K
Investment management feesLn 11f$77K$77K
Other fees for servicesLn 11g$396K$396K
Office expensesLn 13$4K$4K
OccupancyLn 16$29K$29K
TravelLn 17$2K$2K
Depreciation, depletion and amortizationLn 22$1K$1K
InsuranceLn 23$85K$85K
Other expenses (24a–d)Ln 24$912K$912K
All other expensesLn 24e$95K$95K
Total functional expensesLn 25$12.7M$11.6M$1.1M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $13.7M$12.7M$979K$56.7M 990 PDF
FY2023 $14.2M$13.2M$1.1M$67.7M 990 PDF
FY2022 $18.4M$12.1M$6.3M$64.0M 990 PDF
FY2021 $8.2M$7.6M$541K$64.0M 990 PDF
FY2020 $5.1M$6.7M−$1.6M$60.4M 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 FY2024 990 (6 parts)
Part I · Summary $13,723,890 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $12,012,161$9,308,585
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $1,994,180$4,285,054
I-11 Other revenuePrior year $200,133$130,251
I-12 Total revenuePrior year $14,206,474$13,723,890
I-13 Grants and similar amounts paidPrior year $11,003,533$10,732,375
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $681,985$297,472
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,465,262$1,714,892
I-18 Total expensesPrior year $13,150,780$12,744,739
I-19 Revenue less expensesPrior year $1,055,694$979,151
Part VI · Governance 3 of 5 board members independent, 3 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members3
VI-2 Family or business relationship among officers or directorsYes
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $13,723,890 across 7 lines filed
VIII-1f All other contributions, gifts and grants$9,308,585
VIII-1g Noncash contributions (included above)$2,016,030
VIII-1h Total contributions, gifts and grants$9,308,585
VIII-3 Investment incomeExcluded from tax $2,192,634$2,192,634
VIII-7 Net gain or loss on sales of assetsExcluded from tax $2,092,420$2,092,420
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Unrelated business $59,731 · Excluded from tax $70,520$130,251
VIII-12 Total revenueRelated to mission $0 · Unrelated business $59,731 · Excluded from tax $4,355,574$13,723,890
Part IX · Statement of functional expenses $12,744,739 across 13 lines filed
IX-1 Grants to domestic organizationsPrograms $10,732,375$10,732,375
IX-7 Other salaries and wagesManagement $297,472$297,472
IX-11b Legal feesManagement $11,958$11,958
IX-11c Accounting feesManagement $100,323$100,323
IX-11f Investment management feesManagement $77,357$77,357
IX-11g Other fees for servicesManagement $396,358$396,358
IX-13 Office expensesManagement $4,476$4,476
IX-16 OccupancyManagement $29,106$29,106
IX-17 TravelManagement $1,518$1,518
IX-22 Depreciation, depletion and amortizationManagement $1,038$1,038
IX-23 InsuranceManagement $85,373$85,373
IX-24 Other expenses (24a–d)Programs $912,298$912,298
IX-24e All other expensesManagement $95,087$95,087
IX-25 Total functional expensesPrograms $11,644,673 · Management $1,100,066 · Fundraising $0$12,744,739
Part X · Balance sheet $59,479,892 assets, 14 lines filed
Asset lines not itemized here account for $17,022,793; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $512,981$507,003
X-2 Savings and temporary cash investmentsStart of year $10,459,880$374,405
X-3 Pledges and grants receivableStart of year $2,925,459$182,086
X-4 Accounts receivableStart of year $147,131$61,796
X-10c Land, buildings and equipment, netStart of year $314,520$318,213
X-11 Publicly traded securitiesStart of year $44,603,137$35,374,327
X-15 Other assetsStart of year $8,748,164$5,639,269
X-16 Total assetsStart of year $67,711,272$59,479,892
X-17 Accounts payable and accrued expensesStart of year $10,199$17,491
X-18 Grants payableStart of year $27,500$2,777,500
X-25 Other liabilitiesStart of year $11,710$15,474
X-26 Total liabilitiesStart of year $49,409$2,810,465
X-32 Total net assets or fund balancesStart of year $67,661,863$56,669,427
X-33 Total liabilities and net assetsStart of year $67,711,272$59,479,892
Part XI · Reconciliation of net assets $56,669,427 net assets at year end
XI-1 Total revenue$13,723,890
XI-2 Total expenses$12,744,739
XI-3 Revenue less expenses$979,151
XI-4 Net assets at start of year$67,661,863
XI-5 Net unrealized gains (losses) on investments$2,296,648
XI-9 Other changes in net assets−$14,268,235
XI-10 Net assets at end of year$56,669,427

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

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