Civic Intelligence

Georgia Foumdaion for Agriculture Inc.

990 • Fiscal year 2021 • EIN 47-2035360

Jan 01, 2021 to Dec 31, 2021 • Filed on Apr 21, 2022

1620 Bass RoadMacon, GA 31210

(478) 405-3461

Siviq Scores

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

Liabilities / Assets

39th percentile

0.03x

Higher debt load relative to assets than 39% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

46th percentile

0.07x

Higher debt load relative to revenue than 46% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

39th percentile

6.5%

Higher net margin than 39% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

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

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

39th percentile

4.5%

Faster asset growth than 39% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

6th percentile

-46%

Faster revenue growth than 6% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Assets

Up

$1,824,377

Up $79,189 (+4.5%) from 2020

Net Assets

Up

$1,772,798

Up $48,818 (+2.8%) from 2020

Liabilities

Up

$51,579

Up $30,371 (+143%) from 2020

Revenue

Down

$745,734

Down $626,964 (-46%) from 2020

Expenses

Up

$696,916

Up $272,976 (+64%) from 2020

Net Income

Down

$48,818

Down $899,940 (-95%) from 2020

Historical Trend

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2015: $131,205Liabilities 2015: $0Net Assets 2015: $131,2052015Assets 2016: $234,432Liabilities 2016: $286Net Assets 2016: $234,1462016Assets 2017: $324,534Liabilities 2017: $11,005Net Assets 2017: $313,5292017Assets 2018: $1,087,278Liabilities 2018: $0Net Assets 2018: $1,087,2782018Assets 2019: $803,511Liabilities 2019: $28,289Net Assets 2019: $775,2222019Assets 2020: $1,745,188Liabilities 2020: $21,208Net Assets 2020: $1,723,9802020Assets 2021: $1,824,377Liabilities 2021: $51,579Net Assets 2021: $1,772,7982021Assets 2022: $1,925,268Liabilities 2022: $57,781Net Assets 2022: $1,867,4872022Assets 2023: $2,007,008Liabilities 2023: $57,730Net Assets 2023: $1,949,2782023Assets 2024: $3,605,650Liabilities 2024: $68,217Net Assets 2024: $3,537,4332024

Highlighted filing

2021

Assets$1,824,377
Liabilities$51,579
Net Assets$1,772,798

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2015: $214,959Expenses 2015: $83,754Net Income 2015: $131,2052015Revenue 2016: $254,764Expenses 2016: $160,232Net Income 2016: $94,5322016Revenue 2017: $255,138Expenses 2017: $175,755Net Income 2017: $79,3832017Revenue 2018: $966,806Expenses 2018: $209,299Net Income 2018: $757,5072018Revenue 2019: $760,123Expenses 2019: $1,072,179Net Income 2019: -$312,0562019Revenue 2020: $1,372,698Expenses 2020: $423,940Net Income 2020: $948,7582020Revenue 2021: $745,734Expenses 2021: $696,916Net Income 2021: $48,8182021Revenue 2022: $934,892Expenses 2022: $840,203Net Income 2022: $94,6892022Revenue 2023: $1,065,105Expenses 2023: $983,314Net Income 2023: $81,7912023Revenue 2024: $2,476,515Expenses 2024: $888,360Net Income 2024: $1,588,1552024

Highlighted filing

2021

Revenue$745,734
Expenses$696,916
Net Income$48,818
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Apr 21, 2022
Return Version
2021v4.0
Gross Receipts
$745,734
Mission and Program Overview

Mission

Initiating and financing educational activities relating to all aspects of agriculture and agricultural production. Supporting development of curriculum and other education opportunities for elementary and high school students relating to all aspects of agriculture and agricultural production.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$349,124$570,575▲ $221,451
Land, Buildings, and Equipment, Net$466,335$375,722▼ $90,613
Accounts Receivable$568$25,582▲ $25,014
Pledges and Grants Receivable-$15,686-
Prepaid Expenses and Deferred Charges-$2,392-
Total Assets$1,745,188$1,824,377▲ $79,189
Other Assets Total$929,161$834,420▼ $94,741
Liabilities
Accounts Payable and Accrued Expenses$21,208$51,579▲ $30,371
Total Liabilities$21,208$51,579▲ $30,371
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$794,819$938,378▲ $143,559
Net Assets With Donor Restrictions$929,161$834,420▼ $94,741
Total Net Assets Fund Balance$1,723,980$1,772,798▲ $48,818
Total Liabilities and Net Assets / Fund Balance$1,745,188$1,824,377▲ $79,189

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$375,722$113,751$489,473
Other Assets Org$834,420--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Tom MccallChairman
Robert Fountain JrVice Chairma
Abit MasseyDirector
Bill VernerDirector
Christa SteinkampDirector
Daniel JohnsonDirector
David JolleyDirector
Joel MckieDirector
Jon HuffmasterDirector
Lily BaucomDirector
Will BentleyDirector
Matt GreerSecretary
Wayne DanielTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$710,100
Program Service Revenue
$35,500
Investment Income
$134
Other Revenue
$0
All Other Contributions
$710,100
Change in Net Assets
$48,818

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported Amount
Other Non Cash Contri Table1$64,155
Total Noncash Contributions1$64,155

Audited Revenue Reconciliation

Revenue per Audited Statements
$745,734
Total Revenue per Audited Statements
$745,734
Total Revenue per Form 990
$745,734
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$696,916
Total Fundraising Expense$96,965
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion-$97,135-$97,135
Other Expenses$52,894$99,120$18,304$71,198
All Other Expenses$5,294$57,219$1,788$64,301
Office Expenses-$2,565$255$2,820
Total Functional Expenses$343,912$256,039$96,965$696,916

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$696,916
Total Expenses per Audited Statements$696,916
Total Expenses per Form 990$696,916
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
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
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
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

Form 990 is reviewed by the board prior to filing.

Form 990, Page 6, Part VI, Line 12C

The foundation regularly and consistently monitors and enforces compliance with thier conflict of interest policy as provided for in its poliy which is included as a part of this return.

Form 990, Page 6, Part VI, Line 15A

The foundation executive director's compensation was recommended by a independent third party (non-profit consultant) based on market data.

Form 990, Page 6, Part VI, Line 19

The foundation makes its bylaws and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Georgia Foundation
EIN
47-2035360
Address
1620 BASS ROAD, MACON, GA 31210

Signing Officer

Name
Tom Mccall
Title
Chairman
Signed
2022-04-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Tom Mccall
Formed
2014
Legal Domicile
Ga
Voting Board Members
13
Independent Board Members
13
Employees
0

Preparer

Firm
Mcnair Mclemore Middlebrooks & Co LLC
Address
POST OFFICE BOX ONE, MACON, GA 31202-0001
Preparer
H Terrell Mcmichael Jr
Phone
4787466277
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Initiating and financing educational activities relating to all aspects of agriculture and agricultural production. Supporting development of curriculum and other education opportunities for elementary and high school students relating to all aspects of agriculture and agricultural production.

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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0917495
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0158585
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IRS990ScheduleD/EquipmentGrp/DepreciationAmt0113751
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IRS990ScheduleM/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION RECEIVED ADMINISTRATIVE, ACCOUNTING, AND INSURANCE SERVICES FROM AFFILIATED ENTITIES. THESE SERVICES TOTALED 64,155 FOR THE YEAR ENDED DECEMBER 31,2021.
IRS990ScheduleM/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE M, PAGE 2, PART II
IRS990ScheduleM/ThirdPartiesUsedInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0INITIATING AND FINANCING EDUCATIONAL ACTIVITIES RELATING TO ALL ASPECTS OF AGRICULTURE AND AGRICULTURAL PRODUCTION. SUPPORTING DEVELOPMENT OF CURRICULUM AND OTHER EDUCATION OPPORTUNITIES FOR ELEMENTARY AND HIGH SCHOOL STUDENTS RELATING TO ALL ASPECTS OF AGRICULTURE AND AGRICULTURAL PRODUCTION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990 IS REVIEWED BY THE BOARD PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FOUNDATION REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH THIER CONFLICT OF INTEREST POLICY AS PROVIDED FOR IN ITS POLIY WHICH IS INCLUDED AS A PART OF THIS RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE FOUNDATION EXECUTIVE DIRECTOR'S COMPENSATION WAS RECOMMENDED BY A INDEPENDENT THIRD PARTY (NON-PROFIT CONSULTANT) BASED ON MARKET DATA.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE FOUNDATION MAKES ITS BYLAWS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/TypeOfOrganizationCorpInd0X
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IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01620 BASS ROAD
IRS990/USAddress/CityNm0MACON
IRS990/USAddress/StateAbbreviationCd0GA
IRS990/USAddress/ZIPCd031210
IRS990/VotingMembersGoverningBodyCnt013
IRS990/VotingMembersIndependentCnt013
IRS990/WebsiteAddressTxt0WWW.GFBFOUNDATION.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0TOM MCCALL
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIRMAN
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-04-21
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0GEORGIA FOUNDATION
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0FOR AGRICULTURE INC
ReturnHeader/Filer/BusinessNameControlTxt0GEOR
ReturnHeader/Filer/EIN0472035360
ReturnHeader/Filer/USAddress/AddressLine1Txt01620 BASS ROAD
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ReturnHeader/Filer/USAddress/ZIPCd031210
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0581094351
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MCNAIR MCLEMORE MIDDLEBROOKS & CO LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0POST OFFICE BOX ONE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MACON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0GA

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