Civic Intelligence

Ferst Foundation for Childhood Literacy Inc

990 • Fiscal year 2016 • EIN 58-2489181

Jan 01, 2016 to Dec 31, 2016 • Filed on Sep 01, 2017

Organization ProfileWWW.FERSTFOUNDATION.ORG
PO Box 1327Madison, GA 30650

(706) 343-0177

Siviq Scores

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

Liabilities / Assets

41st percentile

0.05x

Higher debt load relative to assets than 41% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

37th percentile

0.05x

Higher debt load relative to revenue than 37% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

73rd percentile

13%

Higher net margin than 73% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

48th percentile

$60,000

Higher top officer pay than 48% of similar nonprofits.

Top officer pay equals 4.8% of source-year revenue.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

83rd percentile

22%

Faster asset growth than 83% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

77th percentile

21%

Faster revenue growth than 77% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets41st percentile

Assets

Up

$1,239,018

Up $219,809 (+22%) from 2015

Net Assets

Up

$1,172,412

Up $169,718 (+17%) from 2015

Liabilities

Up

$66,606

Up $50,091 (+303%) from 2015

Revenue And Expenses
Liabilities / Revenue37th percentileNet Margin73rd percentile

Revenue

Up

$1,259,427

Up $217,324 (+21%) from 2015

Expenses

Up

$1,089,708

Up $66,218 (+6.5%) from 2015

Net Income

Up

$169,719

Up $151,106 (+812%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth83rd 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

2016

Assets$1,239,018
Liabilities$66,606
Net Assets$1,172,412
Open 2016 Filing

Operations Trend

Revenue Growth77th 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

2016

Revenue$1,259,427
Expenses$1,089,708
Net Income$169,719
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Sep 1, 2017
Return Version
2016v3.0
Gross Receipts
$1,278,106
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.

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

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$667,213$667,297▲ $84
Cash and Non-Interest-Bearing Accounts$290,060$522,030▲ $231,970
Prepaid Expenses and Deferred Charges$51,329$36,880▼ $14,449
Land, Buildings, and Equipment, Net$6,278$5,115▼ $1,163
Accounts Receivable$4,329$4,800▲ $471
Total Assets$1,019,209$1,239,018▲ $219,809
Other Assets Total$0$2,896▲ $2,896
Liabilities
Escrow Account Liability$10,253$60,321▲ $50,068
Accounts Payable and Accrued Expenses$6,262$6,285▲ $23
Total Liabilities$16,515$66,606▲ $50,091
Net Assets / Fund Balance
Temporarily Rstr Net Assets$687,450$781,023▲ $93,573
Unrestricted Net Assets$315,244$391,389▲ $76,145
Total Net Assets Fund Balance$1,002,694$1,172,412▲ $169,718
Total Liabilities and Net Assets / Fund Balance$1,019,209$1,239,018▲ $219,809

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,309$38,583$39,892
Leasehold Improvements$3,031$3,469$6,500
Other Land Buildings$775$4,330$5,105
Compensation and Service Providers
Top Officer Pay48th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Elizabeth WagenhauserPresidentFT$60,000$60,000

Board Members and Trustees

NameTitle
Michelle WellsChair
Stacy BreesVice Chair
Bill VernerBoard Member
Brigitte PeckBoard Member
Dr Babs JohnstonBoard Member
Dr Julie SteeleBoard Member
Dr Stan DejarnettBoard Member
Elizabeth-ann WieberBoard Member
Errika MallettBoard Member
James CampbellBoard Member
Jason ByarsBoard Member
Margaret QuinlinBoard Member
Nancy HallBoard Member
Robin Ferst MarhaverBoard Member
Susannah BalishBoard Member
Ursula ReynoldsBoard Member
Will AcreeBoard Member
Zenith HoustonBoard Member
Lisa ChesterSecretary
Corley WatsonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,170,068
Program Service Revenue
$50
Investment Income
$101
Other Revenue
$89,208
All Other Contributions
$1,105,862
Change in Net Assets
$169,719

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,259,427
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$11,997
Total Revenue per Audited Statements
$1,271,424
Total Revenue per Form 990
$1,259,427
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$878,250
Salaries, Compensation, and Employee Benefits$211,458
Total Fundraising Expense$24,400
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$103,812$23,721$6,184$133,717
Current Officers, Directors, Trustees, and Key Employees$45,000$6,000$9,000$60,000
Office Expenses$14,114$2,663$824$17,601
Payroll Taxes$12,854$2,995$1,474$17,323
Fees for Services Accounting-$16,946-$16,946
Travel$8,811$712$3,192$12,715
Occupancy$4,610$347$166$5,123
Insurance-$2,311-$2,311
Information Technology$1,920$155$64$2,139
Conferences and Meetings$610$499$407$1,516
Other Expenses$509$529$337$1,375
Depreciation Depletion$1,046$81$35$1,162
Fees for Services Other$855$66$29$950
Other Employee Benefits$377$41-$418
Advertising$100$6$2$108
Total Functional Expenses$1,004,584$60,724$24,400$1,089,708

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,101,707
Expenses per Audited Statements$1,089,708
Total Expenses per Form 990$1,089,708
Expenses Not Reported on Form 990$11,999
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
Yes
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$73,577
Gaming Gross Income$33,611
Fundraising Direct Expenses$16,179
Gaming Direct Expenses$2,500
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Polk County-evening With Authors$16,363$16,363$3,798$12,565
Henry County Spring Luncheon$12,642$12,642$1,991$10,651
Total Events$73,577$73,577$16,179$57,398
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$159,177
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 11B

“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

Filer Name
Ferst Foundation for Childhood Literacy
EIN
58-2489181
Phone
7063430177
Address
PO BOX 1327, MADISON, GA 30650

Signing Officer

Name
Corey Watson
Title
Treasurer
Phone
7063430177
Signed
2017-09-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Betsy Wagenhauser
Formed
1999
Legal Domicile
Ga
Voting Board Members
20
Independent Board Members
20
Employees
9
Volunteers
800

Preparer

Firm
Bates Carter & Co Llp
Address
PO DRAWER 2396, GAINESVILLE, GA 30503
Preparer
Kristi Griffin
Phone
7705329131
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“ROUNDING -1.”

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 2D - OTHER ADJUSTMENTS:

“ROUNDING -3.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“ROUNDING -1.”

Raw XML AppendixShowing 400 of 629 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/ActivityOrMissionDesc0FERST FOUNDATION PROVIDES BOOKS FOR LOCAL COMMUNITIES TO PREPARE PRESCHOOL CHILDREN FOR READING AND LEARNING SUCCESS. PROVIDING LITERACY RESOURCES FOR CHILDREN, BIRTH TO FIVE, AND THEIR FAMILIES, FERST FOUNDATION STRIVES TO IMPROVE SCHOOL READINESS AND EARLY LEARNING OUTCOMES.
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IRS990/Desc0CHILDREN, BIRTH TO FIVE, WHO PARTICIPATE IN THE FERST FOUNDATION PROGRAM RECEIVE A FREE, AGE-APPROPRIATE BOOK EVERY MONTH IN THE MAIL ALONG WITH LITERACY SUPPORT RESOURCES FOR PARENTS THAT HELP CREATE A LANGUAGE-RICH ENVIRONMENT IN THE HOME. THE FERST FOUNDATION PROGRAM INCREASES CHILDREN'S ACCESS TO PRINT AND EARLY LANGUAGE EXPERIENCES SO THAT THEY HAVE THE BEST CHANCE OF ENTERING SCHOOL WITH THE SKILLS NECESSARY TO SUCCEED. COMMUNITY ACTION TEAMS, COMPRISED OF DEDICATED VOLUNTEERS, IMPLEMENT THE PROGRAM AT THE LOCAL LEVEL BY RAISING FUNDS, REGISTERING CHILDREN AND PARTNERING WITH OTHER ORGANIZATIONS TO RAISE AWARENESS AROUND THE EARLY LITERACY ISSUE. PARTNER ACTION TEAMS ARE DIRECT FUNDERS WHO CHOOSE TO SUPPORT A SPECIFIC GROUP OF CHILDREN FOR PROGRAM ENROLLMENT. THE FERST FOUNDATION PROGRAM CURRENTLY SERVES MORE THAN 33,000 CHILDREN EACH MONTH AND TO DATE HAS MAILED MORE THAN 4.9 MILLION BOOKS.
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IRS990/Form990PartVIISectionAGrp/PersonNm15MARGARET QUINLIN
IRS990/Form990PartVIISectionAGrp/PersonNm16URSULA REYNOLDS
IRS990/Form990PartVIISectionAGrp/PersonNm17DR JULIE STEELE
IRS990/Form990PartVIISectionAGrp/PersonNm18ELIZABETH-ANN WIEBER
IRS990/Form990PartVIISectionAGrp/PersonNm19BILL VERNER
IRS990/Form990PartVIISectionAGrp/PersonNm20ELIZABETH WAGENHAUSER
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt190
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
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IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
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/TitleTxt18BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt19BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt20PRESIDENT
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01999
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd01
IRS990/FundraisingDirectExpensesAmt016179
IRS990/FundraisingGrossIncomeAmt073577
IRS990/GamingActivitiesInd01
IRS990/GamingDirectExpensesAmt02500
IRS990/GamingGrossIncomeAmt033611
IRS990/GoverningBodyVotingMembersCnt020
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt01278106
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt020
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InformationTechnologyGrp/FundraisingAmt064
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt0155
IRS990/InformationTechnologyGrp/ProgramServicesAmt01920
IRS990/InformationTechnologyGrp/TotalAmt02139
IRS990/InsuranceGrp/ManagementAndGeneralAmt02311
IRS990/InsuranceGrp/TotalAmt02311
IRS990/InvestmentIncomeGrp/ExclusionAmt0101
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0101
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt04
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt046382
IRS990/LandBldgEquipBasisNetGrp/BOYAmt06278
IRS990/LandBldgEquipBasisNetGrp/EOYAmt05115
IRS990/LandBldgEquipCostOrOtherBssAmt051497
IRS990/LegalDomicileStateCd0GA
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd01
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0FERST FOUNDATION PROVIDES BOOKS FOR LOCAL COMMUNITIES TO PREPARE PRESCHOOL CHILDREN FOR READING AND LEARNING SUCCESS. PROVIDING LITERACY RESOURCES FOR CHILDREN, BIRTH TO FIVE, AND FAMILIES, FFCL STRIVES TO IMPROVE SCHOOL READINESS AND EARLY LEARNING OUTCOMES.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt01002694
IRS990/NetAssetsOrFundBalancesEOYAmt01172412
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt057398
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt057398
IRS990/NetIncomeFromGamingGrp/ExclusionAmt031111
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt031111
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoncashContributionsAmt02500
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt0166
IRS990/OccupancyGrp/ManagementAndGeneralAmt0347
IRS990/OccupancyGrp/ProgramServicesAmt04610
IRS990/OccupancyGrp/TotalAmt05123
IRS990/OfficeExpensesGrp/FundraisingAmt0824
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt02663
IRS990/OfficeExpensesGrp/ProgramServicesAmt014114
IRS990/OfficeExpensesGrp/TotalAmt017601
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt00
IRS990/OtherAssetsTotalGrp/EOYAmt02896
IRS990/OtherChangesInNetAssetsAmt0-1
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt041
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0377
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0418
IRS990/OtherExpensesGrp/Desc0READ TO ME LIBRARY
IRS990/OtherExpensesGrp/Desc1CAT SUPPORT
IRS990/OtherExpensesGrp/Desc2VOLUNTEER RECOGNITION
IRS990/OtherExpensesGrp/Desc3DUES AND SUBSCRIPTIONS
IRS990/OtherExpensesGrp/FundraisingAmt02686
IRS990/OtherExpensesGrp/FundraisingAmt1337
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01881
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt11771
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2529
IRS990/OtherExpensesGrp/ProgramServicesAmt0795818
IRS990/OtherExpensesGrp/ProgramServicesAmt114148
IRS990/OtherExpensesGrp/ProgramServicesAmt2509
IRS990/OtherExpensesGrp/TotalAmt0795818
IRS990/OtherExpensesGrp/TotalAmt118715
IRS990/OtherExpensesGrp/TotalAmt21771
IRS990/OtherExpensesGrp/TotalAmt31375
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0MISC. REVENUE
IRS990/OtherRevenueMiscGrp/ExclusionAmt0699
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0699
IRS990/OtherRevenueTotalAmt0699
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt06184
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt023721
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0103812
IRS990/OtherSalariesAndWagesGrp/TotalAmt0133717
IRS990/OtherWebsiteInd0X
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/FundraisingAmt01474
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt02995
IRS990/PayrollTaxesGrp/ProgramServicesAmt012854
IRS990/PayrollTaxesGrp/TotalAmt017323
IRS990/PoliciesReferenceChaptersInd01
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt051329
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt036880
IRS990/PrincipalOfficerNm0BETSY WAGENHAUSER
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt050
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/PYContributionsGrantsAmt0957667
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt021
IRS990/PYOtherExpensesAmt0836749
IRS990/PYOtherRevenueAmt084415
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt018613
IRS990/PYSalariesCompEmpBnftPaidAmt0186741
IRS990/PYTotalExpensesAmt01023490
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01042103
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0169719
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt050
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0667213
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0667297
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt01170068
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0957667
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0899285
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0906601
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt01171545
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt05105166
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearAmt012000
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus1YearAmt012000

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,239,018
Liabilities
$66,606
Net assets
$1,172,412
Revenue
$1,259,427
Expenses
$1,089,708
Net income
$169,719
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