C F Foundation INC FY2020 filing

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

Form 990 Part I, line 1, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 58-1743909) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
81¢ of each $1 spent went to programs.
$961K 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

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
The latest return is for FY2024, 2 tax years back.
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
A surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
81%
of spending
81% of spending went to programs.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$961K
to officers and key staff · 14% of spending
Pay to officers and key staff is 14% of spending.
Part VII, Section A
8.3 mo
of spending, in cash
Plus $36.7M in investments, Pt X · Ln 11–13
8.3 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
6
named funders · $6.3M
6 funders name it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$488K
0.8% of total assets
Liabilities are 0.8% of assets.
Pt X · Ln 26
Independent board members
3
of 5 voting members
3 of 5 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$5.1M
Spent
$6.7M
To programs
81%
Net assets
$60.4M
By yearFY2020–FY2024
Revenue
$5.1M
FY2020
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
$6.7M
FY2020
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
$60.4M
FY2020
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 FY2020 Form 990 · figures checked against the IRS filing · see the original

You’re viewing the FY2020 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 May 1988.

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

Where the money goes

81 cents of each dollar spent went to programs.

Program services 81% · $5.4M Management & general 19% · $1.3M

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

Something off? Claim to add context

Who runs it and what they're paid

12 people listed on the 990; $961K paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation
$240,434Pt VII · Sec A
Employee
$191,509Pt VII · Sec A
$159,820Pt VII · Sec A
Employee
$132,477Pt VII · Sec A
Employee
$130,000Pt VII · Sec A
Officer
$106,966Pt 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 →

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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2 programs · $5.4M · in their own filed words · FY2020
01

The c f foundation, inc seeks to invest in the development of new models of social service for a new century. The foundation seeks to support organizations and encourage initiatives:-whose mission is to create and sustain social INNOVATION.-THAT attack the underlying causes of problems, rather than simply treating symptoms so that needs…

Form 990 Part III, line 4, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 58-1743909) · Dispute this line
$4.8Mprogram 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.

Form 990 Part III, line 4, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 58-1743909) · Dispute this line
$568Kprogram 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 FY2020 990, line by line.

1The main four
Money inPt VIII
$5.1M
Ln 12
Gifts and grantsLn 1h$3.6M
Investment incomeLn 3$974K
Other incomeLn 4–11$575K
Money outPt IX
$6.7M
Ln 25
Programscol B$5.4M
Managementcol C$1.3M
Owns and owesPt X
$60.4M
net assets · Ln 32
Cash and savingsLn 1–2$4.6M
Total assetsLn 16$60.9M
LiabilitiesLn 26$488K
PeoplePt VI, VII
12
listed · VII A
PaidVII A6
Voting boardVI 1a5
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$3.6M
Investment incomeLn 3$974K
Other incomeLn 4–11$575K
Gains on assetsLn 7−$799K
Total revenueLn 12$5.1M
Assets in detailPt X, end of year
CashLn 1$531K
SavingsLn 2$4.1M
Cash and savings togetherLn 1–2$4.6M
Accounts receivableLn 4$1.7M
Land, buildings, equipmentLn 10c$1.5M
InvestmentsLn 11–13$36.7M
Other assetsLn 15$16.3M
Total assetsLn 16$60.9M
LiabilitiesLn 26$488K
Net assetsLn 32$60.4M
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 FY20End FY20
Cash and savingsLn 1–2$1.5M$4.6M
InvestmentsLn 11–13$37.8M$36.7M
Land, buildings, equipmentLn 10c$5.2M$1.5M
Total assetsLn 16$72.2M$60.9M
LiabilitiesLn 26$568K$488K
Net assetsLn 32$71.6M$60.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$4.0M$4.0M
Other salaries and wagesLn 7$805K$805K
Legal feesLn 11b$33K$33K
Accounting feesLn 11c$69K$69K
Investment management feesLn 11f$179K$179K
Other fees for servicesLn 11g$64K$64K
Office expensesLn 13$7K$7K
OccupancyLn 16$51K$51K
TravelLn 17$957$957
Depreciation, depletion and amortizationLn 22$6K$6K
InsuranceLn 23$31K$31K
Other expenses (24a–d)Ln 24$1.4M$1.4M
All other expensesLn 24e$63K$63K
Total functional expensesLn 25$6.7M$5.4M$1.3M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled with the IRS Nov 13, 2025 $13.7M$12.7M$979K$56.7M 990 PDF
FY2023Filed with the IRS Nov 6, 2024 $14.2M$13.2M$1.1M$67.7M 990 PDF
FY2022Filed with the IRS Nov 15, 2023 $18.4M$12.1M$6.3M$64.0M 990 PDF
FY2021Filed with the IRS Nov 12, 2022 $8.2M$7.6M$541K$64.0M 990 PDF
FY2020 ViewingFiled with the IRS Nov 9, 2021 $5.1M$6.7M−$1.6M$60.4M 990 PDF

Schedules filed Part IV

A · Public support I · Grants J · Pay O · Explanations
See the full FY2020 990
Part I · Summary $5,130,874 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $5,533,807$3,582,640
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $2,350,717$973,551
I-11 Other revenuePrior year $241,715$574,683
I-12 Total revenuePrior year $8,126,239$5,130,874
I-13 Grants and similar amounts paidPrior year $10,429,400$3,987,824
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $762,755$805,278
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,494,871$1,913,230
I-18 Total expensesPrior year $12,687,026$6,706,332
I-19 Revenue less expensesPrior year −$4,560,787−$1,575,458
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 $5,130,874 across 6 lines filed
VIII-1f All other contributions, gifts and grants$3,582,640
VIII-1h Total contributions, gifts and grants$3,582,640
VIII-3 Investment incomeExcluded from tax $1,772,557$1,772,557
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$799,006−$799,006
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Unrelated business $277,319 · Excluded from tax $297,364$574,683
VIII-12 Total revenueRelated to mission $0 · Unrelated business $277,319 · Excluded from tax $1,270,915$5,130,874
Part IX · Statement of functional expenses $6,706,332 across 13 lines filed
IX-1 Grants to domestic organizationsPrograms $3,987,824$3,987,824
IX-7 Other salaries and wagesManagement $805,278$805,278
IX-11b Legal feesManagement $33,183$33,183
IX-11c Accounting feesManagement $68,571$68,571
IX-11f Investment management feesManagement $178,654$178,654
IX-11g Other fees for servicesManagement $63,609$63,609
IX-13 Office expensesManagement $6,528$6,528
IX-16 OccupancyManagement $51,294$51,294
IX-17 TravelManagement $957$957
IX-22 Depreciation, depletion and amortizationManagement $5,598$5,598
IX-23 InsuranceManagement $30,626$30,626
IX-24 Other expenses (24a–d)Programs $1,410,837$1,410,837
IX-24e All other expensesManagement $63,373$63,373
IX-25 Total functional expensesPrograms $5,398,661 · Management $1,307,671 · Fundraising $0$6,706,332
Part X · Balance sheet $60,851,215 assets, 17 lines filed
X-1 Cash, non-interest-bearingStart of year $564,392$531,136
X-2 Savings and temporary cash investmentsStart of year $917,965$4,090,537
X-4 Accounts receivableStart of year $2,009,114$1,703,986
X-7 Notes and loans receivableStart of year $10,013,794$0
X-10c Land, buildings and equipment, netStart of year $5,208,512$1,523,896
X-11 Publicly traded securitiesStart of year $37,793,916$36,661,217
X-15 Other assetsStart of year $15,705,952$16,340,443
X-16 Total assetsStart of year $72,213,645$60,851,215
X-17 Accounts payable and accrued expensesStart of year $38,009$47,474
X-18 Grants payableStart of year $530,000$430,000
X-25 Other liabilitiesStart of year $0$10,610
X-26 Total liabilitiesStart of year $568,009$488,084
X-29 Capital stock or trust principalStart of year $0$0
X-30 Paid-in or capital surplusStart of year $0$0
X-31 Retained earnings or endowmentStart of year $71,645,636$60,363,131
X-32 Total net assets or fund balancesStart of year $71,645,636$60,363,131
X-33 Total liabilities and net assetsStart of year $72,213,645$60,851,215
Part XI · Reconciliation of net assets $60,363,131 net assets at year end
XI-1 Total revenue$5,130,874
XI-2 Total expenses$6,706,332
XI-3 Revenue less expenses−$1,575,458
XI-4 Net assets at start of year$71,645,636
XI-5 Net unrealized gains (losses) on investments$2,536,183
XI-9 Other changes in net assets−$12,243,230
XI-10 Net assets at end of year$60,363,131

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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