Georgia Community Foundation INC

Tax-deductible

Peachtree Cor, GA501(c)(3)Since 1991Foundations & GrantmakersEIN 58-1960821

To promote and support charitable and educational activities in georgia and to provide philanthropic advice and charitable giving services to donors and their families, emphasizing educational opportunities for children from low-income families.

501(c)(3) charity; gifts are tax-deductible.
82¢ of each $1 spent went to programs.
$663K 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
5 of 5
filings with a surplus
Average surplus $1.8M a year · 35% 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
82%
of spending
Looks good: 82% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$663K
to officers and key staff · 14% of spending
Top officer’s pay higher than 79% of similar orgs
Looks good: pay to officers and key staff is 14% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
7 mo
of spending, in cash
Looks good: 7.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $10K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$200K
0.8% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
11
of 12 voting members
Looks good: 11 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$7.6M
+68% vs prior year
Spent
$4.7M
To programs
82%
Net assets
$25.9M
By yearFY2020–FY2024
Revenue
$7.6M
FY2024▲ +68%
Revenue by fiscal year
FY2020$5.0M
FY2021$3.7M
FY2022$5.4M
FY2023$4.5M
FY2024$7.6M
Expenses
$4.7M
FY2024▲ +28%
Expenses by fiscal year
FY2020$2.5M
FY2021$2.9M
FY2022$3.3M
FY2023$3.7M
FY2024$4.7M
Net assets
$25.9M
FY2024▲ +12%
Net assets by fiscal year
FY2020$18.6M
FY2021$20.7M
FY2022$20.3M
FY2023$23.1M
FY2024$25.9M

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 May 1992.

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

Where the money goes

82 cents of each dollar spent went to programs.

Program services 82% · $3.8M Management & general 13% · $635K Fundraising 5% · $221K

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

Who runs it and what they're paid

18 people listed on the 990; $663K paid to officers and key staff.

Part VII, Section A · reportable compensation
President and CEO
$192,535Pt VII · Sec A
Senior Advisor
$170,182Pt VII · Sec A
VP of Operations
$112,980Pt VII · Sec A
General Counsel
$97,922Pt VII · Sec A
VP of Marketing & Commun
$89,507Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Benjamin Saylor’s $193K as President and CEO is at the 79th percentile of top reported officer pay among 1690 $1–10M 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 · 7 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Lisa Kelly$170,182$214,718$168,248$141,302$71,818
Benjamin Saylor$192,535$144,562$88,658——
Allison Saxby$112,980$101,567$95,577$86,409$53,890
James P Kelly$97,922$100,433$94,998$90,000—
Kate Saylor$89,507$83,673$81,295$70,284$63,222
Avery Parker Rice———$83,729$58,239
Rosalyn Merrick————$69,981

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

Programs and updates

Manages charitable giving services and rural hospital tax credit programs in Georgia, focusing on educational opportunities for low-income children and supporting local philanthropy.

Provided by the organization

This section is blank until Georgia Community Foundation INC claims this page.

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3 program services account for $3.8M of program spending, described in the organization's own filed words · FY2024.
01

Contributions to religious educational, charitable, literary or scientific organizations that qualify as 501(c)(3) organizations. Primarily in and for the benefit of the state of georgia.

$2.6Mprogram expense
02

Marketing and administration of contributions under the georgia rural hospital organization expense credit program.

$1.1Mprogram expense
03

Grants to college students from low-income families for the payment of room and board to supplement the hope scholarship.

$207Kprogram expense

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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
Total grants receivedfrom 1 funder$10K
Grants paid · 249 grants · $9.1M · 2020–2024
Unitemized GrantFY2024$207,088
I Have a Dream FoundationNY · FY2024$110,000
Family Missions CompanyLA · FY2024$100,000
Georgia Hi-Lo Trail INCGA · FY2024$90,000
Transatlantic Law & Liberty FundFY2024$65,000
The Catholic Center at UgaGA · FY2024$50,000
Boilermaker Alliance INCIN · FY2024$50,000
See all 249 grants →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$7.6M
Ln 12
Gifts and grantsLn 1h$3.2M
Fees for servicesLn 2g$2.3M
Investment incomeLn 3$2.0M
Money outPt IX
$4.7M
Ln 25
Programscol B$3.8M
Managementcol C$635K
Fundraisingcol D$221K
Owns and owesPt X
$25.9M
net assets · Ln 32
Cash and savingsLn 1–2$2.8M
Total assetsLn 16$26.1M
LiabilitiesLn 26$200K
PeoplePt VI, VII
18
listed · VII A
PaidVII A5
Voting boardVI 1a12
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$3.2M
Noncash giftsLn 1g$469K
Fees for servicesLn 2g$2.3M
Investment incomeLn 3$2.0M
Gains on assetsLn 7$1.4M
Total revenueLn 12$7.6M
Assets in detailPt X, end of year
CashLn 1$2.3M
SavingsLn 2$509K
Cash and savings togetherLn 1–2$2.8M
InvestmentsLn 11–13$22.8M
Land, buildings, equipmentLn 10c$25K
Total assetsLn 16$26.1M
LiabilitiesLn 26$200K
Net assetsLn 32$25.9M
OperationsPt I, VI
EmployeesI 510
VolunteersI 60
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$1.7M$2.8M
InvestmentsLn 11–13$21.3M$22.8M
Land, buildings, equipmentLn 10c$40K$25K
Total assetsLn 16$24.3M$26.1M
LiabilitiesLn 26$1.2M$200K
Net assetsLn 32$23.1M$25.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$2.6M$2.6M
Grants to domestic individualsLn 2$207K$207K
Pay of current officers, directors and key staffLn 5$331K$178K$113K$40K
Other salaries and wagesLn 7$597K$322K$202K$72K
Pension plan contributionsLn 8$30K$16K$10K$4K
Other employee benefitsLn 9$30K$16K$10K$4K
Payroll taxesLn 10$69K$37K$24K$8K
Legal feesLn 11b$107K$107K
Accounting feesLn 11c$47K$47K
Investment management feesLn 11f$80K$80K
Other fees for servicesLn 11g$14K$14K
Advertising and promotionLn 12$299K$228K$71K
Office expensesLn 13$16K$16K
Information technologyLn 14$100K$68K$26K$6K
OccupancyLn 16$65K$35K$21K$8K
TravelLn 17$4K$4K
Depreciation, depletion and amortizationLn 22$18K$10K$6K$2K
InsuranceLn 23$31K$16K$11K$3K
Other expenses (24a–d)Ln 24$100K$45K$54K$809
Total functional expensesLn 25$4.7M$3.8M$635K$221K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $7.6M$4.7M$2.9M$25.9M 990 PDF
FY2023 $4.5M$3.7M$832K$23.1M 990 PDF
FY2022 $5.4M$3.3M$2.2M$20.3M 990 PDF
FY2021 $3.7M$2.9M$789K$20.7M 990 PDF
FY2020 $5.0M$2.5M$2.5M$18.6M 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 $7,570,196 across 8 lines filed
Lines not itemized here account for $1,018 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$3,249,436
VIII-1g Noncash contributions (included above)$468,830
VIII-1h Total contributions, gifts and grants$3,249,436
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $2,327,953$2,327,953
VIII-3 Investment incomeExcluded from tax $613,367$613,367
VIII-7 Net gain or loss on sales of assetsExcluded from tax $1,394,981$1,394,981
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Unrelated business $4,452 · Excluded from tax −$21,011−$16,559
VIII-12 Total revenueRelated to mission $2,327,953 · Unrelated business $4,452 · Excluded from tax $1,988,355$7,570,196
Part IX · Statement of functional expenses $4,705,614 across 19 lines filed
IX-1 Grants to domestic organizationsPrograms $2,559,280$2,559,280
IX-2 Grants to domestic individualsPrograms $207,088$207,088
IX-5 Pay of current officers, directors and key staffPrograms $177,830 · Management $113,047 · Fundraising $39,957$330,834
IX-7 Other salaries and wagesPrograms $322,308 · Management $201,881 · Fundraising $72,418$596,607
IX-8 Pension plan contributionsPrograms $16,273 · Management $10,345 · Fundraising $3,657$30,275
IX-9 Other employee benefitsPrograms $16,287 · Management $10,354 · Fundraising $3,660$30,301
IX-10 Payroll taxesPrograms $37,074 · Management $23,568 · Fundraising $8,330$68,972
IX-11b Legal feesPrograms $107,190$107,190
IX-11c Accounting feesManagement $47,043$47,043
IX-11f Investment management feesManagement $80,316$80,316
IX-11g Other fees for servicesManagement $14,126$14,126
IX-12 Advertising and promotionPrograms $227,980 · Fundraising $71,481$299,461
IX-13 Office expensesManagement $16,301$16,301
IX-14 Information technologyPrograms $67,635 · Management $26,026 · Fundraising $6,126$99,787
IX-16 OccupancyPrograms $35,495 · Management $20,652 · Fundraising $8,390$64,537
IX-17 TravelPrograms $3,871$3,871
IX-22 Depreciation, depletion and amortizationPrograms $10,093 · Management $5,873 · Fundraising $2,386$18,352
IX-23 InsurancePrograms $16,364 · Management $11,430 · Fundraising $3,454$31,248
IX-24 Other expenses (24a–d)Programs $45,017 · Management $54,199 · Fundraising $809$100,025
IX-25 Total functional expensesPrograms $3,849,785 · Management $635,161 · Fundraising $220,668$4,705,614
Part X · Balance sheet $26,102,186 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $555,797$2,312,962
X-2 Savings and temporary cash investmentsStart of year $1,105,523$508,603
X-4 Accounts receivableStart of year $1,260,409$452,504
X-9 Prepaid expenses and deferred chargesStart of year $33,609$26,430
X-10c Land, buildings and equipment, netStart of year $39,693$24,541
X-11 Publicly traded securitiesStart of year $21,304,665$22,777,146
X-16 Total assetsStart of year $24,299,696$26,102,186
X-17 Accounts payable and accrued expensesStart of year $1,169,798$200,115
X-26 Total liabilitiesStart of year $1,169,798$200,115
X-27 Net assets without donor restrictions$24,632,429
X-28 Net assets with donor restrictionsStart of year $23,129,898$1,269,642
X-32 Total net assets or fund balancesStart of year $23,129,898$25,902,071
X-33 Total liabilities and net assetsStart of year $24,299,696$26,102,186
Part XI · Reconciliation of net assets $25,902,071 net assets at year end
XI-1 Total revenue$7,570,196
XI-2 Total expenses$4,705,614
XI-3 Revenue less expenses$2,864,582
XI-4 Net assets at start of year$23,129,898
XI-5 Net unrealized gains (losses) on investments$531,171
XI-8 Prior period adjustments−$623,580
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$25,902,071

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

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