Civic Intelligence

Athens Tech Foundation Inc.

990 • Fiscal year 2020 • EIN 58-1824771

Jan 01, 2020 to Dec 31, 2020 • Filed on Jun 22, 2021

Organization ProfileATHENSTECH.EDU
800 US Hwy 29 NAthens, GA 30601

(706) 355-5025

Siviq Scores

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

Liabilities / Assets

34th percentile

0.03x

Higher debt load relative to assets than 34% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

65th percentile

0.26x

Higher debt load relative to revenue than 65% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

30th percentile

-3.7%

Higher net margin than 30% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

37th percentile

$0

Higher top officer pay than 37% of similar nonprofits.

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

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

55th percentile

8.1%

Faster asset growth than 55% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

26th percentile

-17%

Faster revenue growth than 26% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets34th percentile

Assets

Up

$2,068,424

Up $154,228 (+8.1%) from 2019

Net Assets

Up

$2,008,700

Up $157,030 (+8.5%) from 2019

Liabilities

Down

$59,724

Down $2,802 (-4.5%) from 2019

Revenue And Expenses
Liabilities / Revenue65th percentileNet Margin30th percentile

Revenue

Down

$231,342

Down $46,597 (-17%) from 2019

Expenses

Up

$239,947

Up $27,738 (+13%) from 2019

Net Income

Down

-$8,605

Down $74,335 (-113%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth55th percentile

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

$3.0M$2.0M$1.0M$0Assets 2011: $2,751,811Liabilities 2011: $667,358Net Assets 2011: $2,084,4532011Assets 2012: $2,498,427Liabilities 2012: $619,084Net Assets 2012: $1,879,3432012Assets 2013: $2,560,335Liabilities 2013: $526,721Net Assets 2013: $2,033,6142013Assets 2014: $1,938,718Liabilities 2014: $302,028Net Assets 2014: $1,636,6902014Assets 2015: $1,945,935Liabilities 2015: $274,290Net Assets 2015: $1,671,6452015Assets 2016: $1,558,005Liabilities 2016: $52,456Net Assets 2016: $1,505,5492016Assets 2017: $1,685,815Liabilities 2017: $49,791Net Assets 2017: $1,636,0242017Assets 2018: $1,616,383Liabilities 2018: $49,204Net Assets 2018: $1,567,1792018Assets 2019: $1,914,196Liabilities 2019: $62,526Net Assets 2019: $1,851,6702019Assets 2020: $2,068,424Liabilities 2020: $59,724Net Assets 2020: $2,008,7002020Assets 2021: $2,313,250Liabilities 2021: $58,135Net Assets 2021: $2,255,1152021Assets 2022: $1,979,532Liabilities 2022: $61,578Net Assets 2022: $1,917,9542022Assets 2023: $1,979,460Liabilities 2023: $53,513Net Assets 2023: $1,925,9472023Assets 2024: $2,113,459Liabilities 2024: $444Net Assets 2024: $2,113,0152024

Highlighted filing

2020

Assets$2,068,424
Liabilities$59,724
Net Assets$2,008,700
Open 2020 Filing

Operations Trend

Revenue Growth26th percentile

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

$1.0M$500K$0-$500KRevenue 2011: $243,242Expenses 2011: $280,675Net Income 2011: -$37,4332011Expenses 2012: $476,3822012Revenue 2013: $352,386Expenses 2013: $312,428Net Income 2013: $39,9582013Revenue 2014: $379,696Expenses 2014: $801,599Net Income 2014: -$421,9032014Revenue 2015: $339,189Expenses 2015: $270,901Net Income 2015: $68,2882015Revenue 2016: $205,475Expenses 2016: $368,655Net Income 2016: -$163,1802016Revenue 2017: $214,939Expenses 2017: $234,794Net Income 2017: -$19,8552017Revenue 2018: $216,645Expenses 2018: $153,524Net Income 2018: $63,1212018Revenue 2019: $277,939Expenses 2019: $212,209Net Income 2019: $65,7302019Revenue 2020: $231,342Expenses 2020: $239,947Net Income 2020: -$8,6052020Revenue 2021: $337,502Expenses 2021: $229,678Net Income 2021: $107,8242021Revenue 2022: $362,910Expenses 2022: $471,145Net Income 2022: -$108,2352022Revenue 2023: $614,014Expenses 2023: $564,424Net Income 2023: $49,5902023Revenue 2024: $718,979Expenses 2024: $451,805Net Income 2024: $267,1742024

Highlighted filing

2020

Revenue$231,342
Expenses$239,947
Net Income-$8,605
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Jun 22, 2021
Return Version
2020v4.0
Gross Receipts
$484,309
Mission and Program Overview

Mission

To provide scholarships and institutional support for athens technical college based on financial need and/or scholastic ability.

To partner with athens technical college and with the community to build the workforce of today and for the future.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$1,702,350$1,523,700▼ $178,650
Cash and Non-Interest-Bearing Accounts$61,790$246,133▲ $184,343
Investments in Publicly Traded Securities-$233,654-
Savings and Temporary Cash Investments$145,293$5,404▼ $139,889
Other Notes and Loans Receivable, Net$4,763--
Total Assets$1,914,196$2,068,424▲ $154,228
Other Assets Total-$59,533-
Liabilities
Other Liabilities$61,790$59,533▼ $2,257
Accounts Payable and Accrued Expenses$736$191▼ $545
Total Liabilities$62,526$59,724▼ $2,802
Net Assets / Fund Balance
Net Assets With Donor Restrictions$1,740,245$1,805,556▲ $65,311
Net Assets Without Donor Restrictions$111,425$203,144▲ $91,719
Total Net Assets Fund Balance$1,851,670$2,008,700▲ $157,030
Total Liabilities and Net Assets / Fund Balance$1,914,196$2,068,424▲ $154,228

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$1,660$1,660
Other Securities$1,523,700--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2020$512,281-▲ $89,381-$594,121
Compensation and Service Providers
Top Officer Pay37th percentile

Board Members and Trustees

NameTitle
Terry Wingfield JrBoard Chair
Chris KubasVice-chair
Beth EavensonDirector
Beth ThomasDirector
Christy TerrellDirector
Doug BrouillardDirector
Elaine CookDirector
Lori LordDirector
Mat HuntDirector
Michele TuckerDirector
Susan BogardusDirector
Teri SmileyDirector
Andrea DanielEx-officio
Antoine BoyntonEx-officio
Jen WelbornEx-officio
Jean MullisSecretary
Katherine AlexanderTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$129,602
Program Service Revenue
$0
Investment Income
$92,715
Other Revenue
$9,025
All Other Contributions
$129,602
Change in Net Assets
$-8,605

Audited Revenue Reconciliation

Revenue per Audited Statements
$216,743
Revenue Not Reported on Financial Statements
$14,599
Revenue Not Reported on Form 990
$247,168
Total Revenue per Audited Statements
$463,911
Total Revenue per Form 990
$231,342
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$125,606
Other Expenses$64,199
Salaries, Compensation, and Employee Benefits$50,142
Total Fundraising Expense$19,473
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$125,606--$125,606
Other Salaries and Wages$16,714$16,714$16,714$50,142
Fees for Services Accounting-$16,675-$16,675
Fees for Service Investment Mgmnt Fees-$14,599-$14,599
Information Technology$5,350$300$2,189$7,839
Other Expenses$5,841$2,998-$2,998
Insurance-$2,567-$2,567
Conferences and Meetings$761$1,040$223$2,024
Office Expenses-$518-$518
Advertising--$347$347
Total Functional Expenses$165,063$55,411$19,473$239,947

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$306,881
Total Expenses per Form 990$239,947
Expenses per Audited Statements$225,348
Expenses Not Reported on Form 990$81,533
Expenses Not Reported on Financial Statements$14,599
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Student Organizations$59,533
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
No
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
No
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

“The board chair reviews and signs our form 990. The chair then informs the board our form 990 has been filed.”

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

“Any director, officer, or key employee who has an interest in a contract or other transaction presented to the board of directors or a committee thereof for authorization, approval, or ratification shall make a prompt and full disclosure or his or her interest to the board of directors or committee prior to its acting on such contract or transaction. Such disclosure shall include any relevant and material facts known to such person regarding the contract or transaction, which might reasonably be construed to be adverse to the foundation's interest.”

Form 990, Page 6, Part VI, Line 19

“Available upon request and posted on the organization's website.”

Filing and Contact Details

Filer

Filer Name
Athens Tech Foundation Inc
EIN
58-1824771
Phone
7063555025
Address
800 US HWY 29 N, ATHENS, GA 30601

Signing Officer

Name
Terry Wingfield Jr
Title
Board Chair
Phone
7063555025
Signed
2021-06-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Terry Wingfield Jr
Formed
1988
Legal Domicile
Ga
Voting Board Members
16
Independent Board Members
16
Employees
0

Preparer

Firm
Brooks Mcginnis & Company LLC
Address
5607 GLENRIDGE DR STE 650, ATLANTA, GA 30342-4959
Preparer
Jack L Mcginnis
Phone
4045314940
Supplemental Narrative

Financial Statement Notes

Schedule D, Page 3, Part X

“The foundation is exempt from federal income taxes under the provisions of section 501(c)(3) of the internal revenue code. Income from certain activities not directly related to the foundations tax-exempt purpose is subject to taxation as unrelated business income. For the year ended december 31, 2020, the foundation did not have any unrelated business income, and accordingly, no unrelated business income tax. The foundation believes it has appropriate support for any tax positions taken, and as such, does not have any uncertain tax positions that are material to the financial statements.”

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IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0true
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt016
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/FundraisingAmt02189
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt0300
IRS990/InformationTechnologyGrp/ProgramServicesAmt05350
IRS990/InformationTechnologyGrp/TotalAmt07839
IRS990/InsuranceGrp/ManagementAndGeneralAmt02567
IRS990/InsuranceGrp/TotalAmt02567
IRS990/InvestmentIncomeGrp/ExclusionAmt051753
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt051753
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt01702350
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt01523700
IRS990/InvestmentsPubTradedSecGrp/EOYAmt0233654
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt01660
IRS990/LandBldgEquipCostOrOtherBssAmt01660
IRS990/LegalDomicileStateCd0GA
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt0252967
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingOtherInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0TO PARTNER WITH ATHENS TECHNICAL COLLEGE AND WITH THE COMMUNITY TO BUILD THE WORKFORCE OF TODAY AND FOR THE FUTURE.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt01851670
IRS990/NetAssetsOrFundBalancesEOYAmt02008700
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt040962
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt040962
IRS990/NetUnrlzdGainsLossesInvstAmt0165635
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0111425
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0203144
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0518
IRS990/OfficeExpensesGrp/TotalAmt0518
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/EOYAmt059533
IRS990/OtherExpensesGrp/Desc0GED TESTING FEE & AWARDS
IRS990/OtherExpensesGrp/Desc1INSTITUTIONAL SUPPORT
IRS990/OtherExpensesGrp/Desc2MATERIALS & EQUIPMENT
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt02998
IRS990/OtherExpensesGrp/ProgramServicesAmt010791
IRS990/OtherExpensesGrp/ProgramServicesAmt15841
IRS990/OtherExpensesGrp/TotalAmt010791
IRS990/OtherExpensesGrp/TotalAmt15841
IRS990/OtherExpensesGrp/TotalAmt22998
IRS990/OtherLiabilitiesGrp/BOYAmt061790
IRS990/OtherLiabilitiesGrp/EOYAmt059533
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0OTHER INCOME
IRS990/OtherRevenueMiscGrp/ExclusionAmt09025
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt09025
IRS990/OtherRevenueTotalAmt09025
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt016714
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt016714
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt016714
IRS990/OtherSalariesAndWagesGrp/TotalAmt050142
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt04763
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0TERRY WINGFIELD JR
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgSrvcAccomActy2Grp/Desc0THE ATHENS TECH FOUNDATION PROVIDES SCHOLARSHIPS, GED VOUCHERS, ASSISTS STUDENTS WITH PAYING OFF PAST DUE BALANCES AND WITH LIMITED EMERGENCY FUNDS. THE FOUNDATION ALSO PAYS FOR PROFESSIONAL DEVELOPMENT ON BEHALF OF THE COLLEGE.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0101319
IRS990/ProgSrvcAccomActy2Grp/GrantAmt061862
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0188915
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt070961
IRS990/PYInvestmentIncomeAmt089024
IRS990/PYOtherExpensesAmt0112248
IRS990/PYRevenuesLessExpensesAmt065730
IRS990/PYSalariesCompEmpBnftPaidAmt029000
IRS990/PYTotalExpensesAmt0212209
IRS990/PYTotalRevenueAmt0277939
IRS990/ReconcilationRevenueExpnssAmt0-8605
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0true
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0145293
IRS990/SavingsAndTempCashInvstGrp/EOYAmt05404
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0129602
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0188915
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0134581
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0140466
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0144542
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0738106
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt051753
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt089024
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt082064
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt074473
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt025079
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0322393
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.67100
IRS990ScheduleA/PublicSupportPY170Pct00.72310
IRS990ScheduleA/PublicSupportTotal170Amt0717017
IRS990ScheduleA/SubstantialContributorsTotAmt021089
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0129602
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0188915
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0134581
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0140466
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0144542
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0738106
IRS990ScheduleA/TotalSupportAmt01068524
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearAmt08025
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt08025
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/ScheduleBRequiredInd0true
IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt07541
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt0512281
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt0594121
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt089381
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt081533
IRS990ScheduleD/DonatedServicesUseFcltsAmt081533
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01660
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01660
IRS990ScheduleD/ExpensesNotReportedAmt081533
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt014599
IRS990ScheduleD/ExpensesSubtotalAmt0225348
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt014599
IRS990ScheduleD/InvestmentExpensesNotIncldAmt014599
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0165635
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt059533
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO STUDENT ORGANIZATIONS
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt01523700
IRS990ScheduleD/OtherSecuritiesGrp/Desc0MUTUAL FUNDS
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.46540
IRS990ScheduleD/RevenueNotReportedAmt0247168
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt014599
IRS990ScheduleD/RevenueSubtotalAmt0216743
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. INCOME FROM CERTAIN ACTIVITIES NOT DIRECTLY RELATED TO THE FOUNDATIONS TAX-EXEMPT PURPOSE IS SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. FOR THE YEAR ENDED DECEMBER 31, 2020, THE FOUNDATION DID NOT HAVE ANY UNRELATED BUSINESS INCOME, AND ACCORDINGLY, NO UNRELATED BUSINESS INCOME TAX. THE FOUNDATION BELIEVES IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.53460
IRS990ScheduleD/TotalBookValueSecuritiesAmt01523700
IRS990ScheduleD/TotalExpensesPerForm990Amt0239947
IRS990ScheduleD/TotalLiabilityAmt059533
IRS990ScheduleD/TotalRevenuePerForm990Amt0231342
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0463911
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0306881
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt063744
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt161862
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt1EMERGENCY ASSISTANCE
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt059
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt1108
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0SCHOLARSHIPS ARE AWARDED TO QUALIFIED STUDENTS, BUT THE FUNDS ARE PAID DIRECTLY BY THE FOUNDATION TO ATHENS TECHNICAL COLLEGE. STUDENTS RECEIVING FINANCIAL AID MUST MEET MINIMUM REQUIRED STANDARDS TO BE ELIGIBLE FOR FUTURE AWARDS.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE I, PAGE 1, PART I, LINE 2
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BOARD CHAIR REVIEWS AND SIGNS OUR FORM 990. THE CHAIR THEN INFORMS THE BOARD OUR FORM 990 HAS BEEN FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ANY DIRECTOR, OFFICER, OR KEY EMPLOYEE WHO HAS AN INTEREST IN A CONTRACT OR OTHER TRANSACTION PRESENTED TO THE BOARD OF DIRECTORS OR A COMMITTEE THEREOF FOR AUTHORIZATION, APPROVAL, OR RATIFICATION SHALL MAKE A PROMPT AND FULL DISCLOSURE OR HIS OR HER INTEREST TO THE BOARD OF DIRECTORS OR COMMITTEE PRIOR TO ITS ACTING ON SUCH CONTRACT OR TRANSACTION. SUCH DISCLOSURE SHALL INCLUDE ANY RELEVANT AND MATERIAL FACTS KNOWN TO SUCH PERSON REGARDING THE CONTRACT OR TRANSACTION, WHICH MIGHT REASONABLY BE CONSTRUED TO BE ADVERSE TO THE FOUNDATION'S INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2AVAILABLE UPON REQUEST AND POSTED ON THE ORGANIZATION'S WEBSITE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 12C

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,068,424
Liabilities
$59,724
Net assets
$2,008,700
Revenue
$231,342
Expenses
$239,947
Net income
-$8,605
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.11$0.00$2.11$0.72$0.45$0.27
2023Detailed filing. Detailed filing data is available for this year.$1.98$0.05$1.93$0.61$0.56$0.05
2022Detailed filing. Detailed filing data is available for this year.$1.98$0.06$1.92$0.36$0.47$0.11
2021Detailed filing. Detailed filing data is available for this year.$2.31$0.06$2.26$0.34$0.23$0.11
2020Detailed filing. Detailed filing data is available for this year.$2.07$0.06$2.01$0.23$0.24$0.01
2019Detailed filing. Detailed filing data is available for this year.$1.91$0.06$1.85$0.28$0.21$0.07
2018Detailed filing. Detailed filing data is available for this year.$1.62$0.05$1.57$0.22$0.15$0.06
2017Detailed filing. Detailed filing data is available for this year.$1.69$0.05$1.64$0.21$0.23$0.02
2016Detailed filing. Detailed filing data is available for this year.$1.56$0.05$1.51$0.21$0.37$0.16
2015Detailed filing. Detailed filing data is available for this year.$1.95$0.27$1.67$0.34$0.27$0.07
2014Detailed filing. Detailed filing data is available for this year.$1.94$0.30$1.64$0.38$0.80$0.42
2013Detailed filing. Detailed filing data is available for this year.$2.56$0.53$2.03$0.35$0.31$0.04
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.50$0.62$1.88$0.48
2011Summary only. Only limited summary data is available for this year.$2.75$0.67$2.08$0.24$0.28$0.04