Civic Intelligence

Atlanta Technology Angels Inc

990 • Fiscal year 2015 • EIN 58-2531944

Jan 01, 2015 to Dec 31, 2015 • Filed on Nov 15, 2016

3423 Piedmont Road NEAtlanta, GA 30305

(404) 387-8751

Siviq Scores

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

Liabilities / Assets

54th percentile

0.01x

Higher debt load relative to assets than 54% of similar nonprofits.

2015 filings • 501(c)6 • <$500k nonprofits • Source year 2015

Liabilities / Revenue

56th percentile

0.01x

Higher debt load relative to revenue than 56% of similar nonprofits.

2015 filings • 501(c)6 • <$500k nonprofits • Source year 2015

Net Margin

77th percentile

14%

Higher net margin than 77% of similar nonprofits.

2015 filings • 501(c)6 • <$500k nonprofits • Source year 2015

Top Officer Pay

93rd percentile

$75,000

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 29.2% of source-year revenue.

2015 filings • 501(c)6 • <$500k nonprofits • Source year 2015

Asset Growth

32nd percentile

-5.8%

Faster asset growth than 32% of similar nonprofits.

2015 filings • 501(c)6 • <$500k nonprofits • Annualized from 2014 to 2015

Revenue Growth

81st percentile

21%

Faster revenue growth than 81% of similar nonprofits.

2015 filings • 501(c)6 • <$500k nonprofits • Annualized from 2014 to 2015

Assets

Down

$300,431

Down $18,643 (-5.8%) from 2014

Net Assets

Down

$297,658

Down $20,358 (-6.4%) from 2014

Liabilities

Up

$2,773

Up $1,715 (+162%) from 2014

Revenue

Up

$256,743

Up $45,344 (+21%) from 2014

Expenses

Down

$219,601

Down $41,073 (-16%) from 2014

Net Income

Up

$37,142

Up $86,417 (+175%) from 2014

Historical Trend

Balance Sheet Trend

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

$400K$300K$200K$100K$0Assets 2012: $334,345Liabilities 2012: $0Net Assets 2012: $334,3452012Assets 2013: $370,862Liabilities 2013: $3,571Net Assets 2013: $367,2912013Assets 2014: $319,074Liabilities 2014: $1,058Net Assets 2014: $318,0162014Assets 2015: $300,431Liabilities 2015: $2,773Net Assets 2015: $297,6582015Assets 2016: $303,479Liabilities 2016: $13,327Net Assets 2016: $290,1522016Assets 2017: $61,647Liabilities 2017: $4242017Assets 2018: $99,907Liabilities 2018: $162Net Assets 2018: $99,7452018Assets 2019: $47,335Liabilities 2019: $180Net Assets 2019: $47,1552019Assets 2020: $71,810Liabilities 2020: $3,817Net Assets 2020: $67,9932020Assets 2021: $89,865Liabilities 2021: $0Net Assets 2021: $89,8652021Assets 2022: $85,415Net Assets 2022: $85,4152022Assets 2023: $56,409Net Assets 2023: $56,4092023Assets 2024: $39,185Net Assets 2024: $39,1852024

Highlighted filing

2015

Assets$300,431
Liabilities$2,773
Net Assets$297,658

Operations Trend

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

$600K$400K$200K$0-$200K-$400KRevenue 2012: $440,530Expenses 2012: $142,322Net Income 2012: $298,2082012Revenue 2013: $272,501Expenses 2013: $239,557Net Income 2013: $32,9442013Revenue 2014: $211,399Expenses 2014: $260,674Net Income 2014: -$49,2752014Revenue 2015: $256,743Expenses 2015: $219,601Net Income 2015: $37,1422015Revenue 2016: $197,514Expenses 2016: $205,020Net Income 2016: -$7,5062016Revenue 2017: $24,293Expenses 2017: $253,222Net Income 2017: -$228,9292017Revenue 2018: $146,470Expenses 2018: $107,948Net Income 2018: $38,5222018Revenue 2019: $26,795Expenses 2019: $79,385Net Income 2019: -$52,5902019Revenue 2020: $87,985Expenses 2020: $67,147Net Income 2020: $20,8382020Revenue 2021: $111,900Expenses 2021: $90,028Net Income 2021: $21,8722021Revenue 2022: $101,900Expenses 2022: $106,350Net Income 2022: -$4,4502022Revenue 2023: $92,500Expenses 2023: $121,506Net Income 2023: -$29,0062023Revenue 2024: $86,840Expenses 2024: $104,065Net Income 2024: -$17,2252024

Highlighted filing

2015

Revenue$256,743
Expenses$219,601
Net Income$37,142
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Nov 15, 2016
Return Version
2015v2.1
Gross Receipts
$256,743
Mission and Program Overview

Mission

Atlanta Technology Angels is a charitable organization supporting the entrepreneurial ecosystem of Atlanta and Georgia/Southeast. ATA showcases early stage companies, provides investment opportunities and educates investors and entrepreneurs.

atlanta technology angels is a group of accredited angel investors who invest in and support start-up and early-stage, high growth businesses in atlanta

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$211,250$221,000▲ $9,750
Cash and Non-Interest-Bearing Accounts$107,824$79,431▼ $28,393
Savings and Temporary Cash Investments$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Land, Buildings, and Equipment, Net$0--
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$319,074$300,431▼ $18,643
Other Assets Total$0$0→ $0
Liabilities
Deferred Revenue$57,500$0▼ $57,500
Accounts Payable and Accrued Expenses$1,058$2,773▲ $1,715
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$58,558$2,773▼ $55,785
Net Assets / Fund Balance
Unrestricted Net Assets$260,516$297,658▲ $37,142
Permanently Rstr Net Assets$0$0→ $0
Temporarily Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$260,516$297,658▲ $37,142
Total Liabilities and Net Assets / Fund Balance$319,074$300,431▼ $18,643
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Michael MaziarCOOFT$75,000$75,000

Board Members and Trustees

NameTitle
Bernice DixonChairman & President
Michael HortenEducation Chair
Mike SiavageGovernance Chair
Steve WaldenMarketing Chair
Lee WatersMembership Chair
Peter LauerMembership Chair
Glenn BachmanScreening Chair
Melanie LeethScreening Chair
Sandy PotterScreening Chair
Steve ChaddickStrategy Chair
Dan KingChapter President
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$256,743
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$37,142
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$133,465
Salaries, Compensation, and Employee Benefits$81,036
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Conferences and Meetings---$87,654
Current Officers, Directors, Trustees, and Key Employees---$75,000
Occupancy---$12,174
Fees for Services Accounting---$9,000
Office Expenses---$6,051
Payroll Taxes---$6,036
Benefits to Members---$5,100
Insurance---$3,957
Advertising---$1,621
Other Expenses---$1,542
Travel---$1,498
Information Technology---$1,272
All Other Expenses---$760
Total Functional Expenses$0$0$0$219,601
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
In-house lobbying only
Yes
Subject to proxy tax
Yes
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Part VI, Section B, Line 11

The executive committee reviews the tax return prior to filing the tax return on behalf of the entire board.

Part VI, Section B, Line 15A

The compensation of hightest paid employee is reviewed by the executive committee and is based on industry standards/comparable organizations.

Part VI, Section C, Line 19

Explanation upon request. Once obtained, ATA keeps digital and physical versions of Form 990 for the inquiring party as see fit by the board.

Filing and Contact Details

Filer

Filer Name
Atlanta Technology Angels
EIN
58-2531944
In Care Of
% SHEYDA MEHRARA
Phone
4043878751
Address
3423 Piedmont Road NE, Atlanta, GA 30305

Signing Officer

Name
Bernice Dixon
Title
President
Phone
2054928580
Signed
2016-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Bernice Dixon
Formed
2000
Legal Domicile
Ga
Voting Board Members
11
Independent Board Members
11
Employees
1
Volunteers
20

Preparer

Firm
Smith & Howard Pc
Address
271 17TH STREET SUITE 1600, ATLANTA, GA 30363
Preparer
Marc Azar
Phone
4048746244
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IRS990/OtherExpensesGrp/TotalAmt12484
IRS990/OtherExpensesGrp/TotalAmt21878
IRS990/OtherExpensesGrp/TotalAmt31542
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherLiabilitiesGrp/EOYAmt00
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/TotalAmt06036
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt00
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliciesReferenceChaptersInd0true
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0BERNICE DIXON
IRS990/PriorPeriodAdjustmentsAmt0-57500
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0523930
IRS990/ProgramServiceRevenueGrp/BusinessCd1523930
IRS990/ProgramServiceRevenueGrp/BusinessCd2523930
IRS990/ProgramServiceRevenueGrp/BusinessCd3523930
IRS990/ProgramServiceRevenueGrp/Desc0INDIVIDUAL MEMBERSHIP DUES
IRS990/ProgramServiceRevenueGrp/Desc1INSTITUTIONAL MEMBERSHIP DUES
IRS990/ProgramServiceRevenueGrp/Desc2SPONSORSHIP DUES
IRS990/ProgramServiceRevenueGrp/Desc3OTHER PROGRAM REVENUE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0174500
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt136750
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt237000
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt38493
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0174500
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt136750
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt237000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt38493
IRS990/ProgSrvcAccomActy2Grp/Desc0MONTHLY EDUCATIONAL EVENTS - CONDUCTED EIGHT MONTHS OUT OF THE YEAR TO EDUCATE ATA MEMBERS AS WELL AS THOSE THAT ARE PART OF THE START-UP ECOSYSTEM. THESE MEETINGS CONSIST OF EXPERTS IN THE ECOSYSTEM PRESENTING INFORMATION TO ATA MEMBERS AND NON-MEMBERS TO HELP EDUCATE THEM ON NEW AND UPCOMING ANGEL INVESTING TRENDS AND INFORMATION, AS WELL AS FOSTER RELATIONSHIPS BETWEEN INVESTORS, SPONSORS AND PROSPECTIVE COMPANIES.
IRS990/ProgSrvcAccomActy3Grp/Desc0MONTHLY SCREENING MEETINGS - IN AN EFFORT TO SHOWCASE ATLANTA AND GEORGIA/SOUTHEAST COMPANIES AT THE MONTHLY MEMBER MEETINGS, SCREENING MEETINGS TAKE PLACE FOR GENERAL TECHNOLOGY AND LIFE SCIENCE COMPANIES. MEMBERS GATHER TO PROVIDE FEEDBACK AND COACHING REGARDING INVESTMENTS TO STARTUP COMPANIES.
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0208405
IRS990/PYGrantsAndSimilarPaidAmt05000
IRS990/PYInvestmentIncomeAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0169255
IRS990/PYOtherRevenueAmt0205
IRS990/PYProgramServiceRevenueAmt02789
IRS990/PYRevenuesLessExpensesAmt0-49275
IRS990/PYSalariesCompEmpBnftPaidAmt086419
IRS990/PYTotalExpensesAmt0260674
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0211399
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt037142
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleC/AgreeCarryoverPriorYearInd0false
IRS990ScheduleC/OnlyInHouseLobbyingInd0true
IRS990ScheduleC/SubstantiallyAllDuesNondedInd0false
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The executive committee reviews the tax return prior to filing the tax return on behalf of the entire board.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The compensation of hightest paid employee is reviewed by the executive committee and is based on industry standards/comparable organizations.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Explanation upon request. Once obtained, ATA keeps digital and physical versions of Form 990 for the inquiring party as see fit by the board.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Part VI, Section B, Line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Part VI, Section B, Line 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Part Vi, Section C, Line 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0GA
IRS990/SubjectToProxyTaxInd0true
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondLiabilitiesGrp/BOYAmt00
IRS990/TaxExemptBondLiabilitiesGrp/EOYAmt00
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt00
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt00
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0319074
IRS990/TotalAssetsEOYAmt0300431
IRS990/TotalAssetsGrp/BOYAmt0319074
IRS990/TotalAssetsGrp/EOYAmt0300431
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/TotalAmt0219601
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt058558
IRS990/TotalLiabilitiesEOYAmt02773
IRS990/TotalLiabilitiesGrp/BOYAmt058558
IRS990/TotalLiabilitiesGrp/EOYAmt02773
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0260516
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0297658
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceRevenueAmt0256743
IRS990/TotalReportableCompFromOrgAmt075000
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0256743
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0256743
IRS990/TotalVolunteersCnt020
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0319074
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0300431
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/TotalAmt01498
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0260516
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0297658
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt00
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt03423 Piedmont Road NE
IRS990/USAddress/CityNm0Atlanta
IRS990/USAddress/StateAbbreviationCd0GA
IRS990/USAddress/ZIPCd030305
IRS990/VotingMembersGoverningBodyCnt011
IRS990/VotingMembersIndependentCnt011
IRS990/WebsiteAddressTxt0www.angelatlanta.com
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0BERNICE DIXON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum02054928580
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Atlanta Technology Angels
ReturnHeader/Filer/BusinessNameControlTxt0ATLA
ReturnHeader/Filer/EIN0582531944

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