Civic Intelligence

Educational Holdings Foundation Inc

EIN 46-2564773 • 501(c)3 • Atlanta, GA

Profile

The educational holdings foundation operates exclusively to serve the needs and interests of drew charter school, inc., and other publicly supported organizations which promote the education and welfare of the residents of the east lake community in atlanta, ga.

3445 Peachtree Rd NE Suite 175Atlanta, GA 30326

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2021

Liabilities / Revenue

62nd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2021

Net Margin

97th percentile

94%

Higher net margin than 97% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2021

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

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

501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

10th percentile

-100%

Faster asset growth than 10% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

18th percentile

-51%

Faster revenue growth than 18% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Down

$0

Down $55,308,290 (-100%) from 2020

Liabilities

Down

$0

Down $44,635,901 (-100%) from 2020

Net Assets

Down

$0

Down $10,672,389 (-100%) from 2020

Operations
Liabilities / Revenue62nd percentileNet Margin97th percentile

Revenue

Down

$100,500

Down $106,264 (-51%) from 2020

Expenses

Down

$6,335

Down $1,859,481 (-100%) from 2020

Net Income

Up

$94,165

Up $1,753,217 (+106%) from 2020

Trend Graphs

Balance Sheet Trend

Asset Growth10th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$80M$60M$40M$20M$0Assets 2013: $69,213,074Liabilities 2013: $49,594,885Net Assets 2013: $19,618,1892013Assets 2014: $66,670,452Liabilities 2014: $46,399,218Net Assets 2014: $20,271,2342014Assets 2015: $64,259,747Liabilities 2015: $45,743,223Net Assets 2015: $18,516,5242015Assets 2016: $61,627,662Liabilities 2016: $44,603,956Net Assets 2016: $17,023,7062016Assets 2017: $60,114,769Liabilities 2017: $44,649,527Net Assets 2017: $15,465,2422017Assets 2018: $58,517,543Liabilities 2018: $44,707,098Net Assets 2018: $13,810,4452018Assets 2019: $57,096,240Liabilities 2019: $44,764,799Net Assets 2019: $12,331,4412019Assets 2020: $55,308,290Liabilities 2020: $44,635,901Net Assets 2020: $10,672,3892020Assets 2021: $0Liabilities 2021: $0Net Assets 2021: $02021

Highlighted filing

2021

Assets$0
Liabilities$0
Net Assets$0
Open 2021 Filing

Operations Trend

Revenue Growth18th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$20M$10M$0-$10MRevenue 2013: $19,627,481Expenses 2013: $9,292Net Income 2013: $19,618,1892013Revenue 2014: $1,464,796Expenses 2014: $811,751Net Income 2014: $653,0452014Revenue 2015: $161,273Expenses 2015: $1,915,983Net Income 2015: -$1,754,7102015Revenue 2016: $420,020Expenses 2016: $1,912,838Net Income 2016: -$1,492,8182016Revenue 2017: $360,020Expenses 2017: $1,918,484Net Income 2017: -$1,558,4642017Revenue 2018: $242,821Expenses 2018: $1,897,618Net Income 2018: -$1,654,7972018Revenue 2019: $430,821Expenses 2019: $1,909,825Net Income 2019: -$1,479,0042019Revenue 2020: $206,764Expenses 2020: $1,865,816Net Income 2020: -$1,659,0522020Revenue 2021: $100,500Expenses 2021: $6,335Net Income 2021: $94,1652021

Highlighted filing

2021

Revenue$100,500
Expenses$6,335
Net Income$94,165
Open 2021 Filing

Filings

Most recent year

2021 • Form 990XML pending. An XML filing is linked for this year, but detailed extraction is still pending.

Open filing
Assets
$0
Liabilities
$0
Net assets
$0
Revenue
$100,500
Expenses
$6,335
Net income
$94,165
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.00$0.00$0.00$0.10$0.01$0.09
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$55.3$44.6$10.7$0.21$1.87$1.66
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$57.1$44.8$12.3$0.43$1.91$1.48
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$58.5$44.7$13.8$0.24$1.90$1.65
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$60.1$44.6$15.5$0.36$1.92$1.56
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$61.6$44.6$17.0$0.42$1.91$1.49
2015Detailed filing. Detailed filing data is available for this year.$64.3$45.7$18.5$0.16$1.92$1.75
2014Detailed filing. Detailed filing data is available for this year.$66.7$46.4$20.3$1.46$0.81$0.65
2013Detailed filing. Detailed filing data is available for this year.$69.2$49.6$19.6$19.6$0.01$19.6
Latest Detailed Filing

The latest 2021 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2015 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Aug 5, 2016
Return Version
2015v2.1
Gross Receipts
$161,273
Mission and Program Overview

Mission

The educational holdings foundation operates exclusively to serve the needs and interests of drew charter school, inc., and other publicly supported organizations which promote the education and welfare of the residents of the east lake community in atlanta, ga.

The educational holdings foundation, operates exclusively to serve the needs and interests of drew charter school, inc., and other publicly supported organizations which promote the education and welfare of the residents of the east lake community in atlanta, ga.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$62,671,511$61,687,066▼ $984,445
Rtn Earn Endowment Incm Other Fnds$20,271,234$18,516,524▼ $1,754,710
Intangible Assets$1,233,133$1,201,276▼ $31,857
Cash and Non-Interest-Bearing Accounts$798,581$118,098▼ $680,483
Accounts Receivable$10$30▲ $20
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$66,670,452$64,259,747▼ $2,410,705
Other Assets Total$1,967,217$1,253,277▼ $713,940
Liabilities
Mortgage Notes Payable Secured by Investment Property$45,550,000$45,550,000→ $0
Accounts Payable and Accrued Expenses$849,218$193,223▼ $655,995
Total Liabilities$46,399,218$45,743,223▼ $655,995
Net Assets / Fund Balance
Total Net Assets Fund Balance$20,271,234$18,516,524▼ $1,754,710
Total Liabilities and Net Assets / Fund Balance$66,670,452$64,259,747▼ $2,410,705

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$49,682,389$1,815,918$51,498,307
Land$12,004,677-$12,004,677
Compensation and Service Providers
Top Officer Pay81st percentile

Board Members and Trustees

NameTitle
Lawrence SchallDirector & Chair
Gregory J GiornelliPresident
William C WrenVice President
Cynthia KuhlmanDirector
Lillian GiornelliDirector
Laura WhitakerSecretary
Sam MossTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Je Dunn Construction CoConstruction800 MOUNT VERNON HIGHWAY NE SUITE, Atlanta, GA 30328$815,483
Revenue and Support

Revenue Composition

Contributions and Grants
$161,253
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$20
All Other Contributions
$161,253
Change in Net Assets
$-1,754,710

Audited Revenue Reconciliation

Revenue per Audited Statements
$161,273
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$161,273
Total Revenue per Form 990
$161,273
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,915,983
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$1,314,440--$1,314,440
Interest$326,334--$326,334
Fees for Services Management$170,000--$170,000
Fees for Services Accounting$33,413$13,020-$46,433
Fees for Services Legal-$14,598-$14,598
Other Expenses$12,000--$12,000
Insurance-$5,994-$5,994
Office Expenses-$250-$250
Fees for Services Other$220--$220
Total Functional Expenses$1,882,121$33,862$0$1,915,983

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,915,983
Total Expenses per Audited Statements$1,915,983
Total Expenses per Form 990$1,915,983
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, line 2

“MR. GREGORY GIORNELLI AND MS. LILLIAN GIORNELLI ARE SPOUSES. MS. LILLIAN GIORNELLI AND MR. LAWRENCE SCHALL ARE BOARD MEMBERS OF EAST LAKE FOUNDATION. MS. LILLIAN GIORNELLI IS A BOARD MEMBER OF CF FOUNDATION. MS. LAURA WHITAKER AND MS. CYNTHIA KULMAN ARE EMPLOYEEs OF CF FOUNDATION. MS. LILLIAN GIORNELLI AND MR. WILLIAM WREN ARE OFFICERS OF NONAMI, LLC. MS. LILLIAN GIORNELLI AND MR. SAM MOSS ARE BOARD MEMBERS OF EAST LAKE HOUSING CORP.”

Form 990, Part VI, Section A, line 7A

“The foundation's board is appointed 1/3 by the east lake foundation, inc., 1/3 by cf foundation, inc., and 1/3 by the drew charter school, inc.”

Form 990, Part VI, Section B, line 11

“The return was reviewed by the Vice President of the Foundation and other key employees, and given to the organization's governing body prior to filing.”

Form 990, Part VI, Section B, line 12C

“All board members complete a questionnaire annually to ensure compliance with the conflict of interest policy.”

Form 990, Part VI, Section C, line 19

“Governing documents, conflict of interest policy, and financial statements are made available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Educational Holdings Foundation Inc
EIN
46-2564773
Phone
4042334339
Address
3445 PEACHTREE RD NE SUITE 175, ATLANTA, GA 30326

Signing Officer

Name
Gregory Giornelli
Title
President
Phone
4042334339
Signed
2016-08-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Gregory Giornelli
Formed
2013
Legal Domicile
Ga
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
0

Preparer

Firm
Warren Averett LLC
Address
Six Concourse Parkway Suite 600, Atlanta, GA 30328
Preparer
Rachel M Skypek
Phone
7703961100
Supplemental Narrative

Financial Statement Notes

Part X, Line 2:

“Management does not believe there are any uncertain tax positions as defined by FASB ASC 740, Income Taxes. The Foundation could be subject to income tax examinations for its U.S. federal tax filings for the current tax year and its previous 2014 and 2013 filings.”

Raw XML Appendix389 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.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0849218
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0193223
IRS990/AccountsReceivableGrp/BOYAmt010
IRS990/AccountsReceivableGrp/EOYAmt030
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0THE EDUCATIONAL HOLDINGS FOUNDATION, OPERATES EXCLUSIVELY TO SERVE THE NEEDS AND INTERESTS OF DREW CHARTER SCHOOL, INC., AND OTHER PUBLICLY SUPPORTED ORGANIZATIONS WHICH PROMOTE THE EDUCATION AND WELFARE OF THE RESIDENTS OF THE EAST LAKE COMMUNITY IN ATLANTA, GA.
IRS990/AllOtherContributionsAmt0161253
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd00
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0Amy Clarke
IRS990/BooksInCareOfDetail/PhoneNum04042334339
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt03445 PEACHTREE ROAD NE SUITE 175
IRS990/BooksInCareOfDetail/USAddress/CityNm0ATLANTA
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0GA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd030326
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOfficerEntInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt00
IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt00
IRS990/CashNonInterestBearingGrp/BOYAmt0798581
IRS990/CashNonInterestBearingGrp/EOYAmt0118098
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt01
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd01
IRS990/ContractorCompensationGrp/CompensationAmt0815483
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt0800 MOUNT VERNON HIGHWAY NE SUITE
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm0ATLANTA
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd0GA
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd030328
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt0JE DUNN CONSTRUCTION CO
IRS990/ContractorCompensationGrp/ServicesDesc0CONSTRUCTION
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0161253
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt00
IRS990/CYOtherExpensesAmt01915983
IRS990/CYOtherRevenueAmt020
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0-1754710
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt01915983
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0161273
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/ProgramServicesAmt01314440
IRS990/DepreciationDepletionGrp/TotalAmt01314440
IRS990/Desc0Educational Holdings Foundation, Inc. has provided critical support in the development, financing and construction of the Senior Academy, which will serve students attending grades 9-12 at Drew Charter School, a nonprofit, 501(c)(3) school in Atlanta serving primarily low income students.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd01
IRS990/DocumentRetentionPolicyInd00
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd01
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt01882121
IRS990/FamilyOrBusinessRlnInd01
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt013020
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt033413
IRS990/FeesForServicesAccountingGrp/TotalAmt046433
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt014598
IRS990/FeesForServicesLegalGrp/TotalAmt014598
IRS990/FeesForServicesManagementGrp/ProgramServicesAmt0170000
IRS990/FeesForServicesManagementGrp/TotalAmt0170000
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt0220
IRS990/FeesForServicesOtherGrp/TotalAmt0220
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/PersonNm0LAWRENCE SCHALL
IRS990/Form990PartVIISectionAGrp/PersonNm1LILLIAN GIORNELLI
IRS990/Form990PartVIISectionAGrp/PersonNm2CYNTHIA KUHLMAN
IRS990/Form990PartVIISectionAGrp/PersonNm3GREGORY J GIORNELLI
IRS990/Form990PartVIISectionAGrp/PersonNm4WILLIAM C WREN
IRS990/Form990PartVIISectionAGrp/PersonNm5LAURA WHITAKER
IRS990/Form990PartVIISectionAGrp/PersonNm6SAM MOSS
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR & CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt4VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt5SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt6TREASURER
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02013
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt03
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0161273
IRS990/GrossRentsGrp/RealAmt020
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt03
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt05994
IRS990/InsuranceGrp/TotalAmt05994
IRS990/IntangibleAssetsGrp/BOYAmt01233133
IRS990/IntangibleAssetsGrp/EOYAmt01201276
IRS990/InterestGrp/ProgramServicesAmt0326334
IRS990/InterestGrp/TotalAmt0326334
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt06
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt01815918
IRS990/LandBldgEquipBasisNetGrp/BOYAmt062671511
IRS990/LandBldgEquipBasisNetGrp/EOYAmt061687066
IRS990/LandBldgEquipCostOrOtherBssAmt063502984
IRS990/LegalDomicileStateCd0GA
IRS990/LessRentalExpensesGrp/RealAmt00
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE EDUCATIONAL HOLDINGS FOUNDATION OPERATES EXCLUSIVELY TO SERVE THE NEEDS AND INTERESTS OF DREW CHARTER SCHOOL, INC., AND OTHER PUBLICLY SUPPORTED ORGANIZATIONS WHICH PROMOTE THE EDUCATION AND WELFARE OF THE RESIDENTS OF THE EAST LAKE COMMUNITY IN ATLANTA, GA.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt045550000
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt045550000
IRS990/NetAssetsOrFundBalancesBOYAmt020271234
IRS990/NetAssetsOrFundBalancesEOYAmt018516524
IRS990/NetRentalIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt020
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt020
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0250
IRS990/OfficeExpensesGrp/TotalAmt0250
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01967217
IRS990/OtherAssetsTotalGrp/EOYAmt01253277
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0CAHEC Exit Fee
IRS990/OtherExpensesGrp/Desc1UA Expense Fees
IRS990/OtherExpensesGrp/ProgramServicesAmt025714
IRS990/OtherExpensesGrp/ProgramServicesAmt112000
IRS990/OtherExpensesGrp/TotalAmt025714
IRS990/OtherExpensesGrp/TotalAmt112000
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0GREGORY GIORNELLI
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01465806
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0-1030
IRS990/PYOtherExpensesAmt0811751
IRS990/PYOtherRevenueAmt020
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0653045
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0811751
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01464796
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-1754710
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt020
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt020271234
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt018516524
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0161253
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01465806
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt019627481
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt021254540
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportTotal170Amt021254540
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0161253
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01465806
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt019627481
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt021254540
IRS990ScheduleA/TotalSupportAmt021254540
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt049682389
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01815918
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt051498307
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01915983
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt012004677
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt012004677
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0161273
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Management does not believe there are any uncertain tax positions as defined by FASB ASC 740, Income Taxes. The Foundation could be subject to income tax examinations for its U.S. federal tax filings for the current tax year and its previous 2014 and 2013 filings.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt061687066
IRS990ScheduleD/TotalExpensesPerForm990Amt01915983
IRS990ScheduleD/TotalRevenuePerForm990Amt0161273
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0161273
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01915983
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MR. GREGORY GIORNELLI AND MS. LILLIAN GIORNELLI ARE SPOUSES. MS. LILLIAN GIORNELLI AND MR. LAWRENCE SCHALL ARE BOARD MEMBERS OF EAST LAKE FOUNDATION. MS. LILLIAN GIORNELLI IS A BOARD MEMBER OF CF FOUNDATION. MS. LAURA WHITAKER AND MS. CYNTHIA KULMAN ARE EMPLOYEEs OF CF FOUNDATION. MS. LILLIAN GIORNELLI AND MR. WILLIAM WREN ARE OFFICERS OF NONAMI, LLC. MS. LILLIAN GIORNELLI AND MR. SAM MOSS ARE BOARD MEMBERS OF EAST LAKE HOUSING CORP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FOUNDATION'S BOARD IS APPOINTED 1/3 BY THE EAST LAKE FOUNDATION, INC., 1/3 BY CF FOUNDATION, INC., AND 1/3 BY THE DREW CHARTER SCHOOL, INC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The return was reviewed by the Vice President of the Foundation and other key employees, and given to the organization's governing body prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3All board members complete a questionnaire annually to ensure compliance with the conflict of interest policy.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section C, line 19
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt0EDUCATIONAL HOLDINGS FOUNDATION INC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt1EDUCATIONAL HOLDINGS FOUNDATION INC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt0EDUCATIONAL REAL ESTATE LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt1EDUCATIONAL REAL ESTATE II LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN0461801317
IRS990ScheduleR/IdDisregardedEntitiesGrp/EndOfYearAssetsAmt064259737
IRS990ScheduleR/IdDisregardedEntitiesGrp/EndOfYearAssetsAmt110
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd0GA
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd1GA
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt0CONSTRUCTION & FINANCING OF NONPROFIT 501(C)(3) JR. AND SR. ACADEMY
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt1OVERSEE PROGRAMS & ACTIVITIES FOR EDUCATIONAL HOLDINGS FOUNDATION, INC.
IRS990ScheduleR/IdDisregardedEntitiesGrp/TotalIncomeAmt0161263
IRS990ScheduleR/IdDisregardedEntitiesGrp/TotalIncomeAmt110
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine1Txt03445 PEACHTREE ROAD NE STE 175
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine1Txt13445 PEACHTREE ROAD NE STE 175
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/CityNm0ATLANTA
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/CityNm1ATLANTA
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/StateAbbreviationCd0GA
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/StateAbbreviationCd1GA
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/ZIPCd030326
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/ZIPCd130326
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0GA
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt066670452
IRS990/TotalAssetsEOYAmt064259747
IRS990/TotalAssetsGrp/BOYAmt066670452
IRS990/TotalAssetsGrp/EOYAmt064259747
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0161253
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt033862
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01882121
IRS990/TotalFunctionalExpensesGrp/TotalAmt01915983
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt046399218
IRS990/TotalLiabilitiesEOYAmt045743223
IRS990/TotalLiabilitiesGrp/BOYAmt046399218
IRS990/TotalLiabilitiesGrp/EOYAmt045743223
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt020271234
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt018516524
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt01882121
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt020
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0161273
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt066670452
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt064259747
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt03445 PEACHTREE RD NE SUITE 175
IRS990/USAddress/CityNm0ATLANTA
IRS990/USAddress/StateAbbreviationCd0GA
IRS990/USAddress/ZIPCd030326
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02016-12-15 16:53:06Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0GREGORY GIORNELLI
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum04042334339
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-08-05
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0EDUCATIONAL HOLDINGS FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0EDUC
ReturnHeader/Filer/EIN0462564773
ReturnHeader/Filer/PhoneNum04042334339
ReturnHeader/Filer/USAddress/AddressLine1Txt03445 PEACHTREE RD NE SUITE 175
ReturnHeader/Filer/USAddress/CityNm0ATLANTA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0GA
ReturnHeader/Filer/USAddress/ZIPCd030326
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0454084437
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Warren Averett LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0Six Concourse Parkway Suite 600
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Atlanta
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0GA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd030328
ReturnHeader/PreparerPersonGrp/PhoneNum07703961100
ReturnHeader/PreparerPersonGrp/PreparationDt02016-08-05
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Rachel M Skypek
ReturnHeader/ReturnTs02016-08-08T16:50:39-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-01-01
ReturnHeader/TaxPeriodEndDt02015-12-31
ReturnHeader/TaxYr02015

Document Assets

No mirrored PDF or thumbnail assets are attached yet.