Georgia Micro Enterprise Network INC FY2020 filing

Tax-deductible

Atlanta, GA501(c)(3)Community DevelopmentEIN 80-0030897Revenue $1.5M in FY2020

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.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78

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
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
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
13 mo
of spending, in cash
Looks good: 13.3 months of spending in cash; 3 or more.
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
$57
<0.01% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
10
of 10 voting members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.5M
Spent
$740K
To programs
0%
Net assets
$818K
By yearFY2020–FY2024
Revenue
$1.5M
FY2020
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
$740K
FY2020
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
$818K
FY2020
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 FY2020 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

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

What each dollar paid for.

Management & general 84% · $624K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

11 people listed on the 990.

Part VII, Section A · reportable compensation
Past Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$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 · $1.1M · in their own filed words · FY2020
01

City of South Fulton

COVID19 Assistance

$563Kprogram expense
02

United Way of Greater Atlanta

Technical Assistance to small businesses

$400Kprogram expense
03

Wk Kellogg Foundation

Technical assistance to Returning Citizens starting businesses

$100Kprogram 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 FY2020 990, line by line.

1The main four
Money inPt VIII
$1.5M
Ln 12
Gifts and grantsLn 1h$1.5M
Other incomeLn 4–11$22
Money outPt IX
$740K
Ln 25
Managementcol C$624K
Owns and owesPt X
$818K
net assets · Ln 32
Cash and savingsLn 1–2$818K
Total assetsLn 16$818K
LiabilitiesLn 26$57
PeoplePt VI, VII
11
listed · VII A
PaidVII A0
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.5M
Government grantsLn 1e$0
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$0
Other incomeLn 4–11$22
Gains on assetsLn 7$0
Total revenueLn 12$1.5M
Assets in detailPt X, end of year
CashLn 1$812K
SavingsLn 2$6K
Cash and savings togetherLn 1–2$818K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$818K
LiabilitiesLn 26$57
Net assetsLn 32$818K
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 FY20End FY20
Cash and savingsLn 1–2$28K$818K
InvestmentsLn 11–13$0$0
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$28K$818K
LiabilitiesLn 26$0$57
Net assetsLn 32$28K$818K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$116K$0
Grants to domestic individualsLn 2$0$0
Grants and assistance to foreign recipientsLn 3$0$0
Benefits paid to or for membersLn 4$0$0
Pay of current officers, directors and key staffLn 5$94K$0$94K$0
Pay of disqualified personsLn 6$0$0$0$0
Other salaries and wagesLn 7$0$0$0$0
Pension plan contributionsLn 8$0$0$0$0
Other employee benefitsLn 9$0$0$0$0
Payroll taxesLn 10$6K$0$6K$0
Management feesLn 11a$497K$0$497K$0
Legal feesLn 11b$0$0$0$0
Accounting feesLn 11c$0$0$0$0
Lobbying feesLn 11d$0$0$0$0
Professional fundraising feesLn 11e$0$0
Investment management feesLn 11f$0$0$0$0
Other fees for servicesLn 11g$0$0$0$0
Advertising and promotionLn 12$78$0$78$0
Office expensesLn 13$1K$0$1K$0
Information technologyLn 14$4K$0$4K$0
RoyaltiesLn 15$0$0$0$0
OccupancyLn 16$0$0$0$0
TravelLn 17$7K$0$7K$0
Travel and entertainment for public officialsLn 18$0$0$0$0
Conferences, conventions and meetingsLn 19$381$0$381$0
InterestLn 20$0$0$0$0
Payments to affiliatesLn 21$0$0$0$0
Depreciation, depletion and amortizationLn 22$0$0$0$0
InsuranceLn 23$6K$0$6K$0
Other expenses (24a–d)Ln 24$7K$0$7K$0
All other expensesLn 24e$2K$0$2K$0
Total functional expensesLn 25$740K$0$624K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $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 Viewing $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 FY2020 990 (6 parts)
Part I · Summary $1,529,945 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$1,529,923
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$22
I-12 Total revenuePrior year $0$1,529,945
I-13 Grants and similar amounts paidPrior year $0$116,083
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$99,823
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $0$523,936
I-18 Total expensesPrior year $0$739,842
I-19 Revenue less expensesPrior year $0$790,103
Part VI · Governance 10 of 10 board members independent, 1 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
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 $1,529,945 across 16 lines filed
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$0
VIII-1d Related organizations$0
VIII-1e Government grants$0
VIII-1f All other contributions, gifts and grants$0
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$1,529,923
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-3 Investment incomeRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-6 Net rental income or lossRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-7 Net gain or loss on sales of assetsRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-8 Net income from fundraising eventsUnrelated business $0 · Excluded from tax $0$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $0 · Unrelated business $22 · Excluded from tax $0$22
VIII-12 Total revenueRelated to mission $0 · Unrelated business $22 · Excluded from tax $0$1,529,945
Part IX · Statement of functional expenses $739,842 across 31 lines filed
IX-1 Grants to domestic organizationsPrograms $0$116,083
IX-2 Grants to domestic individualsPrograms $0$0
IX-3 Grants and assistance to foreign recipientsPrograms $0$0
IX-4 Benefits paid to or for membersPrograms $0$0
IX-5 Pay of current officers, directors and key staffPrograms $0 · Management $93,647 · Fundraising $0$93,647
IX-6 Pay of disqualified personsPrograms $0 · Management $0 · Fundraising $0$0
IX-7 Other salaries and wagesPrograms $0 · Management $0 · Fundraising $0$0
IX-8 Pension plan contributionsPrograms $0 · Management $0 · Fundraising $0$0
IX-9 Other employee benefitsPrograms $0 · Management $0 · Fundraising $0$0
IX-10 Payroll taxesPrograms $0 · Management $6,176 · Fundraising $0$6,176
IX-11a Management feesPrograms $0 · Management $497,131 · Fundraising $0$497,131
IX-11b Legal feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11c Accounting feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11d Lobbying feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11e Professional fundraising feesFundraising $0$0
IX-11f Investment management feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11g Other fees for servicesPrograms $0 · Management $0 · Fundraising $0$0
IX-12 Advertising and promotionPrograms $0 · Management $78 · Fundraising $0$78
IX-13 Office expensesPrograms $0 · Management $1,073 · Fundraising $0$1,073
IX-14 Information technologyPrograms $0 · Management $3,887 · Fundraising $0$3,887
IX-15 RoyaltiesPrograms $0 · Management $0 · Fundraising $0$0
IX-16 OccupancyPrograms $0 · Management $0 · Fundraising $0$0
IX-17 TravelPrograms $0 · Management $7,007 · Fundraising $0$7,007
IX-18 Travel and entertainment for public officialsPrograms $0 · Management $0 · Fundraising $0$0
IX-19 Conferences, conventions and meetingsPrograms $0 · Management $381 · Fundraising $0$381
IX-20 InterestPrograms $0 · Management $0 · Fundraising $0$0
IX-21 Payments to affiliatesPrograms $0 · Management $0 · Fundraising $0$0
IX-22 Depreciation, depletion and amortizationPrograms $0 · Management $0 · Fundraising $0$0
IX-23 InsurancePrograms $0 · Management $5,605 · Fundraising $0$5,605
IX-24 Other expenses (24a–d)Programs $0 · Management $6,520 · Fundraising $0$6,520
IX-24e All other expensesPrograms $0 · Management $2,254 · Fundraising $0$2,254
IX-25 Total functional expensesPrograms $0 · Management $623,759 · Fundraising $0$739,842
Part X · Balance sheet $817,710 assets, 22 lines filed
X-1 Cash, non-interest-bearingStart of year $23,171$811,530
X-2 Savings and temporary cash investmentsStart of year $4,379$6,180
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $0$0
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $0$0
X-10c Land, buildings and equipment, netStart of year $0$0
X-11 Publicly traded securitiesStart of year $0$0
X-12 Other securitiesStart of year $0$0
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $0$0
X-16 Total assetsStart of year $27,550$817,710
X-17 Accounts payable and accrued expensesStart of year $0$57
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $0$0
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-25 Other liabilitiesStart of year $0$0
X-26 Total liabilitiesStart of year $0$57
X-32 Total net assets or fund balancesStart of year $27,550$817,653
X-33 Total liabilities and net assetsStart of year $27,550$817,710
Part XI · Reconciliation of net assets $817,653 net assets at year end
XI-1 Total revenue$1,529,945
XI-2 Total expenses$739,842
XI-3 Revenue less expenses$790,103
XI-4 Net assets at start of year$27,550
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$817,653

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

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