Civic Intelligence

Ferst Foundation for Childhood Literacy Inc

990 • Fiscal year 2013 • EIN 58-2489181

Jan 01, 2013 to Dec 31, 2013 • Filed on Aug 19, 2014

Organization ProfileWWW.FERSTFOUNDATION.ORG
PO Box 132730650

(706) 343-0177

Siviq Scores

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

Liabilities / Assets

29th percentile

0.02x

Higher debt load relative to assets than 29% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Liabilities / Revenue

27th percentile

0.02x

Higher debt load relative to revenue than 27% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Net Margin

33rd percentile

-2.1%

Higher net margin than 33% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Top Officer Pay

46th percentile

$40,000

Higher top officer pay than 46% of similar nonprofits.

Top officer pay equals 4.2% of source-year revenue.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Asset Growth

16th percentile

-6.9%

Faster asset growth than 16% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2012 to 2013

Revenue Growth

7th percentile

-35%

Faster revenue growth than 7% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2011 to 2013

Balance Sheet
Liabilities / Assets29th percentile

Assets

Down

$1,012,909

Down $74,986 (-6.9%) from 2012

Net Assets

Down

$991,557

Down $19,884 (-2.0%) from 2012

Liabilities

Down

$21,352

Down $55,102 (-72%) from 2012

Revenue And Expenses
Liabilities / Revenue27th percentileNet Margin33rd percentile

Revenue

$941,945

No earlier filing loaded for comparison.

Expenses

Down

$961,826

Down $191,068 (-17%) from 2012

Net Income

-$19,881

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth16th percentile

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

$3.0M$2.0M$1.0M$0Assets 2011: $1,020,187Liabilities 2011: $52,441Net Assets 2011: $967,7462011Assets 2012: $1,087,895Liabilities 2012: $76,454Net Assets 2012: $1,011,4412012Assets 2013: $1,012,909Liabilities 2013: $21,352Net Assets 2013: $991,5572013Assets 2014: $1,022,543Liabilities 2014: $38,461Net Assets 2014: $984,0822014Assets 2015: $1,019,209Liabilities 2015: $16,515Net Assets 2015: $1,002,6942015Assets 2016: $1,239,018Liabilities 2016: $66,606Net Assets 2016: $1,172,4122016Assets 2017: $1,538,542Liabilities 2017: $49,080Net Assets 2017: $1,489,4622017Assets 2018: $1,980,528Liabilities 2018: $75,862Net Assets 2018: $1,904,6662018Assets 2019: $2,030,839Liabilities 2019: $93,426Net Assets 2019: $1,937,4132019Assets 2020: $1,920,921Liabilities 2020: $10,683Net Assets 2020: $1,910,2382020Assets 2021: $2,420,121Liabilities 2021: $114,065Net Assets 2021: $2,306,0562021Assets 2022: $1,597,930Liabilities 2022: $19,468Net Assets 2022: $1,578,4622022Assets 2023: $2,103,064Liabilities 2023: $146,498Net Assets 2023: $1,956,5662023Assets 2024: $1,930,863Liabilities 2024: $194,184Net Assets 2024: $1,736,6792024

Highlighted filing

2013

Assets$1,012,909
Liabilities$21,352
Net Assets$991,557
Open 2013 Filing

Operations Trend

Revenue Growth7th percentile

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $2,247,221Expenses 2011: $2,119,322Net Income 2011: $127,8992011Expenses 2012: $1,152,8942012Revenue 2013: $941,945Expenses 2013: $961,826Net Income 2013: -$19,8812013Revenue 2014: $961,364Expenses 2014: $968,839Net Income 2014: -$7,4752014Revenue 2015: $1,042,103Expenses 2015: $1,023,490Net Income 2015: $18,6132015Revenue 2016: $1,259,427Expenses 2016: $1,089,708Net Income 2016: $169,7192016Revenue 2017: $1,590,279Expenses 2017: $1,273,230Net Income 2017: $317,0492017Revenue 2018: $2,040,796Expenses 2018: $1,625,594Net Income 2018: $415,2022018Revenue 2019: $1,879,782Expenses 2019: $1,847,037Net Income 2019: $32,7452019Revenue 2020: $1,927,302Expenses 2020: $1,954,478Net Income 2020: -$27,1762020Revenue 2021: $2,368,538Expenses 2021: $1,998,344Net Income 2021: $370,1942021Revenue 2022: $1,848,340Expenses 2022: $2,392,283Net Income 2022: -$543,9432022Revenue 2023: $2,728,942Expenses 2023: $2,478,137Net Income 2023: $250,8052023Revenue 2024: $2,191,141Expenses 2024: $2,473,378Net Income 2024: -$282,2372024

Highlighted filing

2013

Revenue$941,945
Expenses$961,826
Net Income-$19,881
Open 2013 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Aug 19, 2014
Return Version
2013v3.0
Gross Receipts
$948,248
Mission and Program Overview

Mission

Ferst readers provides books for local communities to prepare preschool children for reading and learning success. Providing literacy resources for children, birth to five, and families, ferst readers strives to improve school readiness and early learning outcomes.

Promote early childhood literacy by distributing books at no charge to pre-school age children in ga.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$659,772$662,057▲ $2,285
Cash and Non-Interest-Bearing Accounts$344,872$256,916▼ $87,956
Prepaid Expenses and Deferred Charges$22,400$29,513▲ $7,113
Land, Buildings, and Equipment, Net$26,806$19,762▼ $7,044
Accounts Receivable$14,708$3,999▼ $10,709
Total Assets$1,087,895$1,012,909▼ $74,986
Other Assets Total$19,337$40,662▲ $21,325
Liabilities
Escrow Account Liability$37,251$19,965▼ $17,286
Accounts Payable and Accrued Expenses$39,203$1,387▼ $37,816
Total Liabilities$76,454$21,352▼ $55,102
Net Assets / Fund Balance
Temporarily Rstr Net Assets$758,982$820,290▲ $61,308
Unrestricted Net Assets$252,459$171,267▼ $81,192
Total Net Assets Fund Balance$1,011,441$991,557▼ $19,884
Total Liabilities and Net Assets / Fund Balance$1,087,895$1,012,909▼ $74,986

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$13,069$42,945$56,014
Equipment$2,362$4,993$7,355
Buildings$4,331$2,169$6,500
Compensation and Service Providers
Top Officer Pay46th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Betsy WagenhauserPresidentFT$40,000$40,000

Board Members and Trustees

NameTitle
Margaret Hylton JonesChairman
Susannah BalishVice Chairman
Alicia JohnsonBoard Member
Babs JohnstonBoard Member
Charles RichardsonBoard Member
Elizabeth SprouseBoard Member
Eve GoldsteinBoard Member
Everett RoyalBoard Member
Gay VaughnBoard Member
Jason ByarsBoard Member
Margaret QuinlinBoard Member
Michelle WellsBoard Member
Nancy HallBoard Member
Robin FerstBoard Member
Stan DejarnettBoard Member
Will AcreeBoard Member
Diane McclearenSecretary
Dr William RushingTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$906,601
Program Service Revenue
$3,883
Investment Income
$66
Other Revenue
$31,395
All Other Contributions
$893,999
Change in Net Assets
$-19,881

Audited Revenue Reconciliation

Revenue per Audited Statements
$941,944
Revenue Not Reported on Financial Statements
$1
Revenue Not Reported on Form 990
$32,000
Other Revenue Adjustments
$1
Total Revenue per Audited Statements
$973,944
Total Revenue per Form 990
$941,945
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$778,195
Salaries, Compensation, and Employee Benefits$183,631
Total Fundraising Expense$22,739
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$87,138$20,567$4,177$111,882
Current Officers, Directors, Trustees, and Key Employees$30,000$4,000$6,000$40,000
Office Expenses$19,096$2,546$693$22,335
Other Employee Benefits$14,685$3,102$372$18,159
Fees for Services Accounting-$16,129-$16,129
Payroll Taxes$10,404$2,284$902$13,590
Information Technology$347$10,414$810$11,571
Depreciation Depletion$8,589$668$286$9,543
Occupancy$5,627$816$176$6,619
Travel$4,145$174$1,480$5,799
Conferences and Meetings$2,515$529$35$3,079
Advertising$2,446$30$2$2,478
Fees for Services Other--$2,020$2,020
Insurance-$875-$875
Other Expenses$426$1,154$311$737
All Other Expenses-$389-$389
Total Functional Expenses$875,410$63,677$22,739$961,826

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$993,827
Expenses per Audited Statements$961,826
Total Expenses per Form 990$961,826
Expenses Not Reported on Form 990$32,001
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$37,698
Fundraising Direct Expenses$6,303
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Event 2$7,364$7,364-$7,364
Event 1$19,162$6,945$534$6,411
Total Events$50,300$37,698$6,303$31,395
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-Entity Owned by Margaret Quinlin a Current Member of the Bod.Peachtree Publishers Is One of 3 Book Publishers the Organization Purchases Books From for Distribution. Approximately One Third of the Books Distributed Are Purchased From Peachtree Publishers. the Price of Books Purchased From Peachtree Publishers Is Consistent With the Purchase Price of Books From the Other Two Publishers. the Bod Approved Peachtree Publishers as One of the 3 Publishers From Which Books Are Purchased With the Knowledge a Board Member Was the Owner. the Owner Abstained From the Deliberations and Vote.No$73,435
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 family members
No
Business relationship with organization members
Yes
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
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, Part VI, Section B, Line 11

“Initial draft of 990 is reviewed by the chairman of the board, president, and finance committee. After any required changes are made, the second draft is sent to the entire board membership for review. After a comment period, the finance committee approves the 990 and the 990 is signed by the treasurer.”

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

“All board members and employees are subject to the conflict of interest policy. If a conflict of interest occurs, the board member is prohibited from participating in the deliberation and vote on the transaction. Due to the nature of the organization, the number of material transactions outside the "read to me" program are minimal, therefore each potential conflict is reviewed by the executive committee as needed.”

Form 990, Part VI, Section B, Line 15

“Compensation review process - a compensation study was completed by an independent ad-hoc committee using average salaries for similar size organizations obtained from the ga center for non profits. As part of the staff reorganization, a job description and salary range were approved for the positions of president and operations director by the board of directors. The executive committee was authorized to negotiate the specific salary for each employee within the approved salary range.”

Form 990, Part VI, Section C, Line 19

“Governing documents and financial statements are available on request.”

Filing and Contact Details

Filer

EIN
58-2489181
Phone
7063430177

Signing Officer

Name
William Acree
Title
Treasurer
Phone
7063430177
Signed
2014-08-19
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Betsy Wagenhauser
Formed
1999
Legal Domicile
Ga
Voting Board Members
18
Independent Board Members
17
Employees
6
Volunteers
800

Preparer

Preparer
J Ronald Bracewell Jr
Phone
7705329131
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“ROUNDING -3.”

FORM 990, PART XII, LINE 2C:

“There were no changes in oversight of the audit and selection of the independent accountant.”

Financial Statement Notes

PART IV, LINE 2B:

“Serves as administrator of the georgia rural libraries initiative which provides multi-year grants to five county libraries in rural communities in georgia to enhance the availablity of early childhood learning resources in rural communities primarily through existing public libraries. The organization serves as fiscal agent for the grants provided by an anonymous donor through the greater atlanta community foundation.”

PART X, LINE 2:

“The organization does not have a asc 740-10 (formerly fin 48) disclosure related to uncertain tax positions.”

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“ROUNDING 1.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“ROUNDING 1.”

Raw XML AppendixShowing 400 of 580 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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IRS990/Desc0CHILDREN, BIRTH TO FIVE, REGISTERED IN THE FERST FOUNDATION PROGRAM RECEIVE AN AGE-APPROPRIATE BOOK EVERY MONTH MAILED TO THEM AT HOME ALONG WITH SUPPORTIVE MATERIAL FOR PARENTS TO REINFORCE THE IMPORTANCE OF EARLY LEARNING AND ENCOURAGE THEM TO READ FREQUENTLY WITH THEIR CHILDREN. THE PROGRAM IS ADMINISTERED BY COMMUNITY ACTION TEAMS ESTABLISHED IN EACH PARTICIPATING COMMUNITY. THESE TEAMS OF DEDICATED VOLUNTEERS ARE RESPONSIBLE FOR REGISTERING CHILDREN AND RAISING THE FUNDS NEEDED FOR EACH CHILD WHO PARTICIPATES IN THE PROGRAM. BY MAILING A NEW BOOK EVERY MONTH TO REGISTERED CHILDREN FERST FOUNDATION IS COMMITTED TO PROVIDING EARLY LEARNING OPPORTUNITIES WITH THE HOPE OF BREAKING THE CYCLE OF POVERTY AND ILLITERACY. ITS VISION IS TO AFFORD THE BEST CHANCE TO EVERY CHILD TO SUCCEED IN SCHOOL, AND IN LIFE, AND TO GROW AN EDUCATED, PRODUCTIVE AND COMPETITIVE WORK FORCE. FOR 2013, 286,986 BOOKS WERE MAILED TO 32,482 CHILDREN IN OVER 69 COMMUNITIES IN GEORGIA.
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt160
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
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IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt10BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt11BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt12BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt13BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt14BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt15BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt16BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt17BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt18PRESIDENT
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IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd01
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IRS990/FundraisingDirectExpensesAmt06303
IRS990/FundraisingGrossIncomeAmt037698
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt018
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0948248
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd01
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IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
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IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InformationTechnologyGrp/FundraisingAmt0810
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt010414
IRS990/InformationTechnologyGrp/ProgramServicesAmt0347
IRS990/InformationTechnologyGrp/TotalAmt011571
IRS990/InsuranceGrp/ManagementAndGeneralAmt0875
IRS990/InsuranceGrp/TotalAmt0875
IRS990/InvestmentIncomeGrp/ExclusionAmt066
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt066
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt01
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt050107
IRS990/LandBldgEquipBasisNetGrp/BOYAmt026806
IRS990/LandBldgEquipBasisNetGrp/EOYAmt019762
IRS990/LandBldgEquipCostOrOtherBssAmt069869
IRS990/LegalDomicileStateCd0GA
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd01
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0FERST FOUNDATIONS MISSION IS TO PROVIDE BOOKS FOR LOCAL COMMUNITIES TO PREPARE ALL GEORGIA PRESCHOOL CHILDREN FOR READING AND LEARNING SUCCESS. FERST FOUNDATION STRIVES TO IMPROVE EARLY CHILDHOOD LEARNING FOR EVERY CHILD REGARDLESS OF INCOME, RACE, RELIGION OR GENDER WITH THE PHILOSOPHY THAT ANY CHILD WHO CANNOT READ IS AT-RISK.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt01011441
IRS990/NetAssetsOrFundBalancesEOYAmt0991557
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt031395
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt031395
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoncashContributionsAmt02269
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt0176
IRS990/OccupancyGrp/ManagementAndGeneralAmt0816
IRS990/OccupancyGrp/ProgramServicesAmt05627
IRS990/OccupancyGrp/TotalAmt06619
IRS990/OfficeExpensesGrp/FundraisingAmt0693
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt02546
IRS990/OfficeExpensesGrp/ProgramServicesAmt019096
IRS990/OfficeExpensesGrp/TotalAmt022335
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt019337
IRS990/OtherAssetsTotalGrp/EOYAmt040662
IRS990/OtherChangesInNetAssetsAmt0-3
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt0372
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt03102
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt014685
IRS990/OtherEmployeeBenefitsGrp/TotalAmt018159
IRS990/OtherExpensesGrp/Desc0READ TO ME LIBRARY
IRS990/OtherExpensesGrp/Desc1CAT SUPPORT
IRS990/OtherExpensesGrp/Desc2DUES AND SUBSCRIPTIONS
IRS990/OtherExpensesGrp/Desc3OTHER EXPENSES
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IRS990/OtherExpensesGrp/FundraisingAmt145
IRS990/OtherExpensesGrp/FundraisingAmt2311
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01154
IRS990/OtherExpensesGrp/ProgramServicesAmt0664633
IRS990/OtherExpensesGrp/ProgramServicesAmt125191
IRS990/OtherExpensesGrp/ProgramServicesAmt2168
IRS990/OtherExpensesGrp/ProgramServicesAmt3426
IRS990/OtherExpensesGrp/TotalAmt0664633
IRS990/OtherExpensesGrp/TotalAmt130621
IRS990/OtherExpensesGrp/TotalAmt21367
IRS990/OtherExpensesGrp/TotalAmt3737
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt04177
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt020567
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt087138
IRS990/OtherSalariesAndWagesGrp/TotalAmt0111882
IRS990/OtherWebsiteInd0X
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/FundraisingAmt0902
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt02284
IRS990/PayrollTaxesGrp/ProgramServicesAmt010404
IRS990/PayrollTaxesGrp/TotalAmt013590
IRS990/PoliciesReferenceChaptersInd01
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt022400
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt029513
IRS990/PrincipalOfficerNm0BETSY WAGENHAUSER
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0CAT SUMMIT
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt03883
IRS990/ProgSrvcAccomActy2Grp/Desc0FERST FOUNDATION ADMINISTERS THE GEORGIA RURAL LIBRARIES INITIATIVE WHICH PROVIDES MULTI-YEAR GRANTS TO FOUR COUNTY LIBRARIES IN RURAL COMMUNITIES IN GEORGIA. THESE GRANTS SERVE TO ENHANCE THE AVAILABILITY OF EARLY CHILDHOOD LEARNING RESOURCES IN RURAL COMMUNITIES PRIMARILY THROUGH EXISTING PUBLIC LIBRARIES. FERST FOUNDATION SERVES AS FISCAL AGENT FOR GRANTS PROVIDED THROUGH THE GREATER ATLANTA COMMUNITY FOUNDATION FROM AN ANONYMOUS DONOR.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01171545
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0-436
IRS990/PYOtherExpensesAmt0938788
IRS990/PYOtherRevenueAmt025258
IRS990/PYProgramServiceRevenueAmt0222
IRS990/PYRevenuesLessExpensesAmt043695
IRS990/PYSalariesCompEmpBnftPaidAmt0207681
IRS990/PYTotalExpensesAmt01152894
IRS990/PYTotalProfFndrsngExpnsAmt06425
IRS990/PYTotalRevenueAmt01196589
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-19881
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt03883
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0659772
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0662057
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt02207066
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt02006047
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt01596109
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IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearAmt012000
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus1YearAmt012000
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus2YearsAmt012000
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus3YearsAmt012000
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus4YearsAmt012000
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt060000
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt066
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0179
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt047
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0238
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0577
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt01107
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0245276
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IRS990ScheduleA/PublicSupportCY170Pct00.99970
IRS990ScheduleA/PublicSupportPY170Pct00.99890
IRS990ScheduleA/PublicSupportTotal170Amt07946338
IRS990ScheduleA/SubstantialContributorsTotAmt01030
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0918601
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01183545
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt02219066
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt02018047

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Filings

Displayed year

2013 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,012,909
Liabilities
$21,352
Net assets
$991,557
Revenue
$941,945
Expenses
$961,826
Net income
-$19,881
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.93$0.19$1.74$2.19$2.47$0.28
2023Detailed filing. Detailed filing data is available for this year.$2.10$0.15$1.96$2.73$2.48$0.25
2022Detailed filing. Detailed filing data is available for this year.$1.60$0.02$1.58$1.85$2.39$0.54
2021Detailed filing. Detailed filing data is available for this year.$2.42$0.11$2.31$2.37$2.00$0.37
2020Detailed filing. Detailed filing data is available for this year.$1.92$0.01$1.91$1.93$1.95$0.03
2019Detailed filing. Detailed filing data is available for this year.$2.03$0.09$1.94$1.88$1.85$0.03
2018Detailed filing. Detailed filing data is available for this year.$1.98$0.08$1.90$2.04$1.63$0.42
2017Summary only. Only limited summary data is available for this year.$1.54$0.05$1.49$1.59$1.27$0.32
2016Detailed filing. Detailed filing data is available for this year.$1.24$0.07$1.17$1.26$1.09$0.17
2015Detailed filing. Detailed filing data is available for this year.$1.02$0.02$1.00$1.04$1.02$0.02
2014Detailed filing. Detailed filing data is available for this year.$1.02$0.04$0.98$0.96$0.97$0.01
2013Detailed filing. Detailed filing data is available for this year.$1.01$0.02$0.99$0.94$0.96$0.02
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.09$0.08$1.01$1.15
2011Summary only. Only limited summary data is available for this year.$1.02$0.05$0.97$2.25$2.12$0.13