Georgia Micro Enterprise Network INC

Tax-deductible

Atlanta, GA501(c)(3)Community DevelopmentEIN 80-0030897Revenue $3.3M in FY2024

On file with the IRSgmen.org504 Fair St Sw, 30313-1206 · Atlanta, GATax-exempt since Apr 2020Publicly supported charity — 170(b)(1)(A)(vi)

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The Georgia Micro Enterprise Network (gmen) is a nonprofit association that is a catalyst for economic development in Georgia. Through its Network of business development training and lending organizations (mdos), gmen serves as a resource to support andfund viable microbusinesses in an effort to create new jobs and business opportunities. Our motto is, bringing urban and rural businesses development together and our mission is to create opportunities and support for microbusiness development as an avenue for economic selfsufficiency in Georgia. This is achieved by providing support for viable businesses, driving economic growth by creating selfsufficient individuals, contributing to sustainable economic development, creating new jobs, and implementing industry standards and accreditation.

501(c)(3) charity; gifts are tax-deductible.
87¢ of each $1 spent went to programs.
$197K 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
3 of 5
filings with a surplus
Average surplus $411K a year · 3% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
87%
of spending
Looks good: 87% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$197K
to officers and key staff · 6% of spending
Top officer’s pay higher than 66% of similar orgs
Looks good: pay to officers and key staff is 6% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
3 mo
of spending, in cash
Fine: 2.6 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $155K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$868K
37% of total assets
Looks good: liabilities are 37% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$3.3M
-85% vs prior year
Spent
$3.5M
To programs
87%
Net assets
$1.5M
By yearFY2020–FY2024
Revenue
$3.3M
FY2024▼ -85%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.5M
FY2021$11.6M
FY2022$29.7M
FY2023$21.7M
FY2024$3.3M
Expenses
$3.5M
FY2024▼ -84%
Tap a bar for its year
Expenses by fiscal year
FY2020$740K
FY2021$11.0M
FY2022$28.8M
FY2023$21.7M
FY2024$3.5M
Net assets
$1.5M
FY2024▼ -11%
Tap a bar for its year
Net assets by fiscal year
FY2020$818K
FY2021$779K
FY2022$1.7M
FY2023$1.6M
FY2024$1.5M

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

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Is it real?

Yes. Exemption reinstated (2019-05-15). Per the IRS revocation list. Latest filing on record: FY2024. IRS ruling in Apr 2020.

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

Where the money goes

87 cents of each dollar spent went to programs.

Program services 87% · $3.1M Management & general 11% · $390K Fundraising 1% · $49K

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

9 people listed on the 990; $197K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Di
$197,280Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Chairperson
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Elizabeth Wilson’s $197K as Executive Di is at the 66th percentile of top reported officer pay among 2832 $1–10M community development 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 · 1 named individual · Part VII

NameFY2024FY2023FY2021
Elizabeth Wilson$197,280$197,580$147,372

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 Georgia Micro Enterprise Network 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 15aNo

Programs and updates

Supports and funds microbusinesses to create jobs and economic opportunities in Georgia.

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Provided by the organization

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3 programs · $3.1M · in their own filed words · FY2024
01

Emergency rental assistance and housing stability program (gmen housing) gmen administers the emergency rental assistance program (erap) and the broader gmen housing initiative, which provides rental, utility, and security deposit assistance to georgia residents facing financial hardship.

$2.8Mprogram expense
02

Entrepreneurship and digital empowerment (empower by godaddy, rites project, gmen women, gmen men and gmen 360) gmen's entrepreneurship and digital inclusion programs empower by godaddy, the rites project (reentry, innovation, training, entrepreneurship, and support), gmen men, gmen women and gmen 360 advance equitable access to…

$143Kprogram expense
03

Microenterprise development and small business technical assistance (gmen mdo & gmen grow) through its statewide network of microenterprise development organizations (mdos), gmen delivers training, technical assistance, and access to capital for emerging and established small businesses.

$143Kprogram 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
Total grants receivedfrom 1 funder$155K
Grants paid · 161 grants · $31.9M · 2021–2024
Unitemized GrantFY2024$1,635,770
Unitemized GrantFY2023$19,806,456
Unitemized GrantFY2023$1,025,300
Unitemized GrantFY2021$2,130,755
Ah4r Properties LLCFY2021$468,187
Colton Creek Xii LLCFY2021$441,374
Individual RecipientFY2021$289,376
St Ives LLCFY2021$283,322
The Amherst Group Fka Amherst Residential LLCFY2021$261,940
Mandalay Rock DBA Mandalay VillasFY2021$253,095
Opvhhjv LLC DBA Pathlight Property ManagementFY2021$189,169
Sable Chase Apartment LLCFY2021$181,866
Progress Residential Borrower 4 LLCFY2021$180,827
Individual RecipientFY2021$175,221
Individual RecipientFY2021$147,069
Invitation Homes Operating Partnership LPFY2021$143,142
Crossing at Eagle's Landing LLCFY2021$123,752
Crossing at McDonough LLCFY2021$116,684
See all 161 grants →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$3.3M
Ln 12
Gifts and grantsLn 1h$3.2M
Fees for servicesLn 2g$132K
Other incomeLn 4–11$5K
Money outPt IX
$3.5M
Ln 25
Programscol B$3.1M
Managementcol C$390K
Fundraisingcol D$49K
Owns and owesPt X
$1.5M
net assets · Ln 32
Cash and savingsLn 1–2$764K
Total assetsLn 16$2.3M
LiabilitiesLn 26$868K
PeoplePt VI, VII
9
listed · VII A
PaidVII A1
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$3.2M
Government grantsLn 1e$2.7M
Fees for servicesLn 2g$132K
Investment incomeLn 3$32
Other incomeLn 4–11$5K
Total revenueLn 12$3.3M
Assets in detailPt X, end of year
CashLn 1$764K
Cash and savings togetherLn 1–2$764K
Other assetsLn 15$2K
Total assetsLn 16$2.3M
LiabilitiesLn 26$868K
Net assetsLn 32$1.5M
OperationsPt I, VI
EmployeesI 53
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$753K$764K
Total assetsLn 16$1.8M$2.3M
LiabilitiesLn 26$106K$868K
Net assetsLn 32$1.6M$1.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$1.6M$1.6M
Pay of current officers, directors and key staffLn 5$197K$99K$49K$49K
Other salaries and wagesLn 7$295K$266K$30K
Other employee benefitsLn 9$59K$53K$6K
Payroll taxesLn 10$34K$31K$3K
Accounting feesLn 11c$172K$172K
Other fees for servicesLn 11g$1.0M$904K$100K
Advertising and promotionLn 12$3K$2K$269
Office expensesLn 13$32K$28K$3K
Information technologyLn 14$12K$11K$1K
OccupancyLn 16$35K$32K$4K
TravelLn 17$3K$3K$289
Conferences, conventions and meetingsLn 19$388$178$210
InsuranceLn 23$12K$12K
Other expenses (24a–d)Ln 24$12K$2K$9K
Total functional expensesLn 25$3.5M$3.1M$390K$49K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $3.3M$3.5M−$206K$1.5M 990 PDF
FY2023 $21.7M$21.7M−$33K$1.6M 990 PDF
FY2022 $29.7M$28.8M$887K$1.7M 990 PDF
FY2021 $11.6M$11.0M$615K$779K 990 PDF
FY2020 $1.5M$740K$790K$818K 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 $3,300,724 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $21,642,457$3,162,751
I-9 Program service revenuePrior year $31,893$132,500
I-10 Investment income$32
I-11 Other revenue$5,441
I-12 Total revenuePrior year $21,674,350$3,300,724
I-13 Grants and similar amounts paidPrior year $20,856,406$1,635,770
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $590,163$585,991
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $261,152$1,284,623
I-18 Total expensesPrior year $21,707,721$3,506,384
I-19 Revenue less expensesPrior year −$33,371−$205,660
Part VI · Governance 8 of 8 board members independent, 1 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $3,300,724 across 7 lines filed
VIII-1e Government grants$2,656,963
VIII-1f All other contributions, gifts and grants$505,788
VIII-1h Total contributions, gifts and grants$3,162,751
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $132,500$132,500
VIII-3 Investment incomeExcluded from tax $32$32
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $5,441$5,441
VIII-12 Total revenueRelated to mission $137,941 · Excluded from tax $32$3,300,724
Part IX · Statement of functional expenses $3,506,384 across 15 lines filed
IX-2 Grants to domestic individualsPrograms $1,635,770$1,635,770
IX-5 Pay of current officers, directors and key staffPrograms $98,640 · Management $49,320 · Fundraising $49,320$197,280
IX-7 Other salaries and wagesPrograms $265,941 · Management $29,549$295,490
IX-9 Other employee benefitsPrograms $53,152 · Management $5,906$59,058
IX-10 Payroll taxesPrograms $30,747 · Management $3,416$34,163
IX-11c Accounting feesManagement $172,070$172,070
IX-11g Other fees for servicesPrograms $904,225 · Management $100,470$1,004,695
IX-12 Advertising and promotionPrograms $2,424 · Management $269$2,693
IX-13 Office expensesPrograms $28,448 · Management $3,161$31,609
IX-14 Information technologyPrograms $10,632 · Management $1,181$11,813
IX-16 OccupancyPrograms $31,804 · Management $3,534$35,338
IX-17 TravelPrograms $2,605 · Management $289$2,894
IX-19 Conferences, conventions and meetingsPrograms $178 · Management $210$388
IX-23 InsuranceManagement $11,569$11,569
IX-24 Other expenses (24a–d)Programs $2,137 · Management $9,417$11,554
IX-25 Total functional expensesPrograms $3,066,703 · Management $390,361 · Fundraising $49,320$3,506,384
Part X · Balance sheet $2,339,347 assets, 12 lines filed
Asset lines not itemized here account for $148,706; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $753,184$764,095
X-3 Pledges and grants receivableStart of year $799,073$1,412,985
X-4 Accounts receivableStart of year $6,000$11,964
X-15 Other assets$1,597
X-16 Total assetsStart of year $1,750,524$2,339,347
X-17 Accounts payable and accrued expensesStart of year $75,694$281,875
X-18 Grants payable$270,000
X-19 Deferred revenueStart of year $30,737$316,495
X-26 Total liabilitiesStart of year $106,431$868,370
X-27 Net assets without donor restrictionsStart of year $1,644,093$1,470,977
X-32 Total net assets or fund balancesStart of year $1,644,093$1,470,977
X-33 Total liabilities and net assetsStart of year $1,750,524$2,339,347
Part XI · Reconciliation of net assets $1,470,977 net assets at year end
XI-1 Total revenue$3,300,724
XI-2 Total expenses$3,506,384
XI-3 Revenue less expenses−$205,660
XI-4 Net assets at start of year$1,644,093
XI-8 Prior period adjustments$32,544
XI-10 Net assets at end of year$1,470,977

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

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