Civic Intelligence

Georgia Education Foundation Inc.

990EZ • Fiscal year 2017 • EIN 45-4344273

Jan 01, 2017 to Dec 31, 2017 • Filed on Oct 21, 2018

759 W Peachtree St 107Atlanta, GA 30308-1195

(404) 589-4929

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

90th percentile

0.55x

Higher debt load relative to assets than 90% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

90th percentile

0.31x

Higher debt load relative to revenue than 90% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Net Margin

32nd percentile

-3.6%

Higher net margin than 32% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Asset Growth

87th percentile

65%

Faster asset growth than 87% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

25th percentile

-18%

Faster revenue growth than 25% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Assets

Up

$81,534

Up $32,183 (+65%) from 2016

Net Assets

Down

$36,534

Down $5,260 (-13%) from 2016

Liabilities

Up

$45,000

Up $37,443 (+495%) from 2016

Revenue

Down

$146,338

Down $32,381 (-18%) from 2016

Expenses

Down

$151,598

Down $23,013 (-13%) from 2016

Net Income

Down

-$5,260

Down $9,368 (-228%) from 2016

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$300K$200K$100K$0-$100K-$200KAssets 2012: $110,734Liabilities 2012: $0Net Assets 2012: $110,7342012Assets 2013: $99,246Liabilities 2013: $0Net Assets 2013: $99,2462013Assets 2014: $117,115Liabilities 2014: $1,776Net Assets 2014: $115,3392014Assets 2015: $63,213Liabilities 2015: $25,527Net Assets 2015: $37,6862015Assets 2016: $49,351Liabilities 2016: $7,557Net Assets 2016: $41,7942016Assets 2017: $81,534Liabilities 2017: $45,000Net Assets 2017: $36,5342017Assets 2018: $21,023Liabilities 2018: $11,202Net Assets 2018: $9,8212018Assets 2019: $26,477Liabilities 2019: $16,990Net Assets 2019: $9,4872019Assets 2020: $39,892Liabilities 2020: $17,722Net Assets 2020: $22,1702020Assets 2021: $94,884Liabilities 2021: $36,867Net Assets 2021: $58,0172021Assets 2022: $216,445Liabilities 2022: $8,121Net Assets 2022: $208,3242022Assets 2023: $67,983Liabilities 2023: $32,383Net Assets 2023: $35,6002023Assets 2024: $59,552Liabilities 2024: $215,660Net Assets 2024: -$156,1082024

Highlighted filing

2017

Assets$81,534
Liabilities$45,000
Net Assets$36,534

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$600K$400K$200K$0-$200KRevenue 2012: $180,628Expenses 2012: $69,894Net Income 2012: $110,7342012Revenue 2013: $91,788Expenses 2013: $103,276Net Income 2013: -$11,4882013Revenue 2014: $138,235Expenses 2014: $122,142Net Income 2014: $16,0932014Revenue 2015: $135,581Expenses 2015: $196,135Net Income 2015: -$60,5542015Revenue 2016: $178,719Expenses 2016: $174,611Net Income 2016: $4,1082016Revenue 2017: $146,338Expenses 2017: $151,598Net Income 2017: -$5,2602017Revenue 2018: $200,298Expenses 2018: $227,011Net Income 2018: -$26,7132018Revenue 2019: $129,965Expenses 2019: $130,299Net Income 2019: -$3342019Revenue 2020: $138,310Expenses 2020: $125,627Net Income 2020: $12,6832020Revenue 2021: $251,306Expenses 2021: $215,459Net Income 2021: $35,8472021Revenue 2022: $433,021Expenses 2022: $282,714Net Income 2022: $150,3072022Revenue 2023: $89,750Expenses 2023: $262,474Net Income 2023: -$172,7242023Revenue 2024: $73,033Expenses 2024: $264,741Net Income 2024: -$191,7082024

Highlighted filing

2017

Revenue$146,338
Expenses$151,598
Net Income-$5,260
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Oct 21, 2018
Return Version
2017v2.3
Gross Receipts
$146,338
Mission and Program Overview

Mission

To provide educational and training opportunities for small business enterprises and emerging entrepreneurial in order to develop capacity that will drive business growth and create jobs.

To provide educational and training opportunities for minority business enterprises and emerging entrepreneurial in order to develop capacity that will drive business growth and create jobs.

Program Services

DescriptionGrantsExpenses
THE GEORGIA MENTOR PROTEGE CONNECTION IS A BUSINESS DEVELOPMENT PARTNERSHIP BETWEEN THE STATE OF GEORGIA AND THE GEORGIA INSTITUTE OF TECHNOLOGY'S ENTERPRISE INNOVATION INSTITUTE ADMINISTERED BY GEORGIA MINORITY SUPPLIER DEVELOPMENT COUNCIL (GMSDC). IT PROVIDES OPPORTUNITIES FOR GEORGIA SMALL BUSINESSES TO BENEFIT FROM A PARTNERSHIP WITH A CORPORATE MENTOR FOR A PERIOD OF ONE YEAR. EMERGING FIRMS CAN BUILD RELATIONSHIPS, EXPLORE NEW TECHNOLOGIES, LEARN ABOUT BEST PRACTICES AND BENEFIT FROM THE WISDOM OF CORPORATE EXECUTIVES WHO ARE COMMITTED TO THE LONG-TERM HEALTH AND OVERALL GROWTH OF SMALL BUSINESSES IN GEORGIA. THE GOAL OF THE PROGRAM IS TO HELP SMALL BUSINESSES TO BE SUCCESSFUL OVER THE LONG HAUL, BY HELPING THEM TO DEVELOP CAPACITY, ENHANCE THEIR SKILL SETS AND BECOME MORE COMPETITIVE. RESEARCH HAS SHOWN THAT ACCESS TO THE RIGHT KIND OF COACHING AND MENTORING SIGNIFICANTLY INCREASES THE SUCCESS RATE IN SMALL BUSINESS, WHILE BOTH THE MENTOR AND THE PROTEGE BENEFIT TREMENDOUSLY FROM THEIR INTERACTION.-$139,224
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
STACEY KEYPresidentPT$0--
KEN HUFFDirectorPT$0--
MICHAEL ROBINSONDirectorPT$0--
SIDD AHMEDDirectorPT$0--
WASSEL LEWISDirectorPT$0--
DOUGLAS BURRELLDirectorPT$0--
Filing and Contact Details

Filer

Filer Name
Georgia Education Foundation Inc
EIN
45-4344273
Phone
4045894929
Address
759 W PEACHTREE ST 107, ATLANTA, GA 30308-1195

Signing Officer

Name
Stacey Key
Title
President
Phone
4045894929
Signed
2018-10-21

Preparer

Firm
Reed Quinn & Mcclure LLC
Address
2055 N BROWN RD STE 150, LAWRENCEVILLE, GA 30043-4920
Preparer
Daniel T Mcclure CPA
Phone
7704499144
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 8

Other income 295 total 295

Form 990-ez, Part I, Line 16

Expenses marketing 1,045 office 386 awards and gifts 1,026 professional development 1,161 program supplies 1,873 processing fees 1,045 social media services 269 travel 1,958 interest 237 catering 10,943 venue 18,304 non-investment depreciation 55 total 38,302

Form 990-ez, Part II, Line 24

Accounts receivable 15,200 14,875 property 1,109 1,109 less accumulated depreciation 1,054 1,109 total 15,255 14,875

Form 990-ez, Part II, Line 26

Accounts payable and accrued expenses 2,557 0 grants payable 5,000 0 deferred revenue 0 45,000

Form 990-ez, Part III

To provide educational and training opportunities for minority business enterprises and emerging entrepreneurial in order to develop capacity that will drive business growth and create jobs.

Form 990-ez, Part III, Line 28

The georgia mentor protege connection is a business development partnership between the state of georgia and the georgia institute of technology's enterprise innovation institute administered by georgia minority supplier development council (gmsdc). It provides opportunities for georgia small businesses to benefit from a partnership with a corporate mentor for a period of one year. Emerging firms can build relationships, explore new technologies, learn about best practices and benefit from the wisdom of corporate executives who are committed to the long-term health and overall growth of small businesses in georgia. The goal of the program is to help small businesses to be successful over the long haul, by helping them to develop capacity, enhance their skill sets and become more competitive. Research has shown that access to the right kind of coaching and mentoring significantly increases the success rate in small business, while both the mentor and the protege benefit tremendously from their interaction.

Raw XML Appendix169 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0OTHER INCOME 295 TOTAL 295
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EXPENSES MARKETING 1,045 OFFICE 386 AWARDS AND GIFTS 1,026 PROFESSIONAL DEVELOPMENT 1,161 PROGRAM SUPPLIES 1,873 PROCESSING FEES 1,045 SOCIAL MEDIA SERVICES 269 TRAVEL 1,958 INTEREST 237 CATERING 10,943 VENUE 18,304 NON-INVESTMENT DEPRECIATION 55 TOTAL 38,302
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ACCOUNTS RECEIVABLE 15,200 14,875 PROPERTY 1,109 1,109 LESS ACCUMULATED DEPRECIATION 1,054 1,109 TOTAL 15,255 14,875
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ACCOUNTS PAYABLE AND ACCRUED EXPENSES 2,557 0 GRANTS PAYABLE 5,000 0 DEFERRED REVENUE 0 45,000
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4TO PROVIDE EDUCATIONAL AND TRAINING OPPORTUNITIES FOR MINORITY BUSINESS ENTERPRISES AND EMERGING ENTREPRENEURIAL IN ORDER TO DEVELOP CAPACITY THAT WILL DRIVE BUSINESS GROWTH AND CREATE JOBS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE GEORGIA MENTOR PROTEGE CONNECTION IS A BUSINESS DEVELOPMENT PARTNERSHIP BETWEEN THE STATE OF GEORGIA AND THE GEORGIA INSTITUTE OF TECHNOLOGY'S ENTERPRISE INNOVATION INSTITUTE ADMINISTERED BY GEORGIA MINORITY SUPPLIER DEVELOPMENT COUNCIL (GMSDC). IT PROVIDES OPPORTUNITIES FOR GEORGIA SMALL BUSINESSES TO BENEFIT FROM A PARTNERSHIP WITH A CORPORATE MENTOR FOR A PERIOD OF ONE YEAR. EMERGING FIRMS CAN BUILD RELATIONSHIPS, EXPLORE NEW TECHNOLOGIES, LEARN ABOUT BEST PRACTICES AND BENEFIT FROM THE WISDOM OF CORPORATE EXECUTIVES WHO ARE COMMITTED TO THE LONG-TERM HEALTH AND OVERALL GROWTH OF SMALL BUSINESSES IN GEORGIA. THE GOAL OF THE PROGRAM IS TO HELP SMALL BUSINESSES TO BE SUCCESSFUL OVER THE LONG HAUL, BY HELPING THEM TO DEVELOP CAPACITY, ENHANCE THEIR SKILL SETS AND BECOME MORE COMPETITIVE. RESEARCH HAS SHOWN THAT ACCESS TO THE RIGHT KIND OF COACHING AND MENTORING SIGNIFICANTLY INCREASES THE SUCCESS RATE IN SMALL BUSINESS, WHILE BOTH THE MENTOR AND THE PROTEGE BENEFIT TREMENDOUSLY FROM THEIR INTERACTION.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 8
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART II, LINE 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990-EZ, PART III
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990-EZ, PART III, LINE 28
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0REED QUINN & MCCLURE LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02055 N BROWN RD STE 150
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ReturnHeader/PreparerPersonGrp/PreparationDt02018-10-23
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DANIEL T MCCLURE CPA
ReturnHeader/ReturnTs02018-10-30T09:24:32-04:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.60$2.16$1.56$0.73$2.65$1.92
2023Detailed filing. Detailed filing data is available for this year.$0.68$0.32$0.36$0.90$2.62$1.73
2022Detailed filing. Detailed filing data is available for this year.$2.16$0.08$2.08$4.33$2.83$1.50
2021Detailed filing. Detailed filing data is available for this year.$0.95$0.37$0.58$2.51$2.15$0.36
2020Detailed filing. Detailed filing data is available for this year.$0.40$0.18$0.22$1.38$1.26$0.13
2019Detailed filing. Detailed filing data is available for this year.$0.26$0.17$0.09$1.30$1.30$0.00
2018Detailed filing. Detailed filing data is available for this year.$0.21$0.11$0.10$2.00$2.27$0.27
2017Detailed filing. Detailed filing data is available for this year.$0.82$0.45$0.37$1.46$1.52$0.05
2016Detailed filing. Detailed filing data is available for this year.$0.49$0.08$0.42$1.79$1.75$0.04
2015Detailed filing. Detailed filing data is available for this year.$0.63$0.26$0.38$1.36$1.96$0.61
2014Detailed filing. Detailed filing data is available for this year.$1.17$0.02$1.15$1.38$1.22$0.16
2013Detailed filing. Detailed filing data is available for this year.$0.99$0.00$0.99$0.92$1.03$0.11
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.11$0.00$1.11$1.81$0.70$1.11