Augusta Technical College Foundation INC

Tax-deductible

Augusta, GA501(c)(3)EIN 58-1750663

To raise and appropiate resources that will support augusta technical college in carrying out its mission of excellence in workforce education that leads to career advancement of its students.

501(c)(3) charity; gifts are tax-deductible.
73¢ of each $1 spent went to programs.
Run by 16 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

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
5 of 5
filings with a surplus
Average surplus $1.7M a year · 77% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
73%
of spending
Fine: 73% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
7 mo
of spending, in cash
Looks good: 7.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
5
named funders · $390K
Looks good: 5 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$1.1M
8% of total assets
Looks good: liabilities are 8% of assets; 50% or less.
Pt X · Ln 26
Independent board members
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$3.1M
+37% vs prior year
Spent
$696K
To programs
73%
Net assets
$12.8M
By yearFY2020–FY2024
Revenue
$3.1M
FY2024▲ +37%
Revenue by fiscal year
FY2020$512K
FY2021$629K
FY2022$4.6M
FY2023$2.3M
FY2024$3.1M
Expenses
$696K
FY2024▼ -2%
Expenses by fiscal year
FY2020$232K
FY2021$231K
FY2022$719K
FY2023$710K
FY2024$696K
Net assets
$12.8M
FY2024▲ +24%
Net assets by fiscal year
FY2020$5.2M
FY2021$5.7M
FY2022$8.7M
FY2023$10.3M
FY2024$12.8M

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

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 1989.

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

Where the money goes

73 cents of each dollar spent went to programs.

Program services 73% · $509K Management & general 18% · $123K Fundraising 9% · $64K

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

Who runs it and what they're paid

15 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Augusta Technical College 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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Funds Augusta Technical College to provide excellent workforce education for student career advancement.

Provided by the organization

This section is blank until Augusta Technical College Foundation INC claims this page.

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3 program services account for $509K of program spending, described in the organization's own filed words · FY2024.
01

Providing support to augusta technical college and its students to promote its mission of excellence in workforce education.

$278Kprogram expense
02

Providing scholarships that lead to career advancement for students.

$231Kprogram expense
03

Providing awards and incentives to instructors for their excellence in advancing their students towards their career objectives.

Pt IX · col B

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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 5 funders →
Grants paid · 9 grants · $1.4M · 2020–2024
Augusta Technical CollegeFY2024$202,247
Unitemized GrantFY2024$130,724
Unitemized GrantFY2023$184,672
Augusta Technical CollegeFY2023$69,774
Augusta Technical CollegeFY2022$500,667
Unitemized GrantFY2022$108,684
Unitemized GrantFY2021$42,559
Augusta Technical CollegeFY2020$108,915
Unitemized GrantFY2020$43,805

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$3.1M
Ln 12
Gifts and grantsLn 1h$2.8M
Investment incomeLn 3$307K
Other incomeLn 4–11$31K
Money outPt IX
$696K
Ln 25
Programscol B$509K
Managementcol C$123K
Fundraisingcol D$64K
Owns and owesPt X
$12.8M
net assets · Ln 32
Cash and savingsLn 1–2$408K
Total assetsLn 16$13.9M
LiabilitiesLn 26$1.1M
PeoplePt VI, VII
15
listed · VII A
PaidVII A0
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.8M
Investment incomeLn 3$307K
Other incomeLn 4–11$31K
Gains on assetsLn 7$145K
Total revenueLn 12$3.1M
Assets in detailPt X, end of year
CashLn 1$408K
Cash and savings togetherLn 1–2$408K
InvestmentsLn 11–13$4.8M
Land, buildings, equipmentLn 10c$6.6M
Total assetsLn 16$13.9M
LiabilitiesLn 26$1.1M
Net assetsLn 32$12.8M
OperationsPt I, VI
EmployeesI 50
VolunteersI 616
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$77K$408K
InvestmentsLn 11–13$3.6M$4.8M
Land, buildings, equipmentLn 10c$6.2M$6.6M
Total assetsLn 16$11.5M$13.9M
LiabilitiesLn 26$1.2M$1.1M
Net assetsLn 32$10.3M$12.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$202K$202K
Grants to domestic individualsLn 2$131K$131K
Accounting feesLn 11c$18K$12K$6K
Other fees for servicesLn 11g$159K$103K$56K
Office expensesLn 13$4K$4K
OccupancyLn 16$51K$50K$1K$547
Depreciation, depletion and amortizationLn 22$101K$101K
InsuranceLn 23$26K$26K
Other expenses (24a–d)Ln 24$4K$3K$1K
Total functional expensesLn 25$696K$509K$123K$64K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $3.1M$696K$2.4M$12.8M 990 PDF
FY2023 $2.3M$710K$1.6M$10.3M 990 PDF
FY2022 $4.6M$719K$3.9M$8.7M 990 PDF
FY2021 $629K$231K$398K$5.7M 990 PDF
FY2020 $512K$232K$281K$5.2M 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 (4 parts)
Part VIII · Statement of revenue $3,141,011 across 6 lines filed
VIII-1f All other contributions, gifts and grants$2,802,269
VIII-1h Total contributions, gifts and grants$2,802,269
VIII-3 Investment incomeRelated to mission $162,014$162,014
VIII-7 Net gain or loss on sales of assetsRelated to mission $145,400$145,400
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $31,328$31,328
VIII-12 Total revenueRelated to mission $338,742$3,141,011
Part IX · Statement of functional expenses $695,617 across 9 lines filed
IX-1 Grants to domestic organizationsPrograms $202,247$202,247
IX-2 Grants to domestic individualsPrograms $130,724$130,724
IX-11c Accounting feesManagement $11,963 · Fundraising $6,458$18,421
IX-11g Other fees for servicesManagement $103,073 · Fundraising $55,648$158,721
IX-13 Office expensesManagement $3,985$3,985
IX-16 OccupancyPrograms $49,642 · Management $1,013 · Fundraising $547$51,202
IX-22 Depreciation, depletion and amortizationPrograms $100,591$100,591
IX-23 InsurancePrograms $25,874$25,874
IX-24 Other expenses (24a–d)Management $2,501 · Fundraising $1,351$3,852
IX-25 Total functional expensesPrograms $509,078 · Management $122,535 · Fundraising $64,004$695,617
Part X · Balance sheet $13,944,451 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $77,499$408,219
X-3 Pledges and grants receivableStart of year $1,635,415$2,104,994
X-9 Prepaid expenses and deferred chargesStart of year $18,914$23,038
X-10c Land, buildings and equipment, netStart of year $6,165,787$6,639,332
X-11 Publicly traded securitiesStart of year $3,586,081$4,768,868
X-16 Total assetsStart of year $11,483,696$13,944,451
X-17 Accounts payable and accrued expensesStart of year $53,095$229,826
X-26 Total liabilitiesStart of year $1,153,095$1,129,826
X-27 Net assets without donor restrictionsStart of year $6,618,329$6,889,985
X-28 Net assets with donor restrictionsStart of year $3,712,272$5,924,640
X-32 Total net assets or fund balancesStart of year $10,330,601$12,814,625
X-33 Total liabilities and net assetsStart of year $11,483,696$13,944,451
Part XI · Reconciliation of net assets $12,814,625 net assets at year end
XI-1 Total revenue$3,141,011
XI-2 Total expenses$695,617
XI-3 Revenue less expenses$2,445,394
XI-4 Net assets at start of year$10,330,601
XI-5 Net unrealized gains (losses) on investments$38,630
XI-10 Net assets at end of year$12,814,625

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

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