Civic Intelligence

Grove Park Foundation Inc

EIN 82-1913260 • 501(c)3 • Atlanta, GA

Profile

The foundation is dedicated to revitalizing the grove park neighborhood and improving the quality of life by working with local partners, leaders, and residents to create a healthy, equitable, and vibrant community.

1566 Donald Lee Hollowell Pkwy 5Atlanta, GA 30318

www.groveparkfoundation.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

80th percentile

0.63x

Higher debt load relative to assets than 80% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Liabilities / Revenue

94th percentile

4.96x

Higher debt load relative to revenue than 94% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Net Margin

79th percentile

26%

Higher net margin than 79% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Top Officer Pay

33rd percentile

$190,500

Higher top officer pay than 33% of similar nonprofits.

Top officer pay equals 3.9% of source-year revenue.

501(c)3 • $25M-$50M nonprofits • Source year 2022

Asset Growth

40th percentile

3.0%

Faster asset growth than 40% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2022 to 2024

Revenue Growth

15th percentile

-14%

Faster revenue growth than 15% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2022 to 2024

Assets

Up

$28,296,589

Up $1,605,538 (+6.0%) from 2022

Liabilities

Down

$17,961,202

Down $630,839 (-3.4%) from 2022

Net Assets

Up

$10,335,387

Up $2,236,377 (+28%) from 2022

Revenue

Down

$3,622,967

Down $1,261,851 (-26%) from 2022

Expenses

Up

$2,672,075

Up $599,566 (+29%) from 2022

Net Income

Down

$950,892

Down $1,861,417 (-66%) from 2022

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$60M$40M$20M$0Assets 2017: $4,591,246Liabilities 2017: $1,165,711Net Assets 2017: $3,425,5352017Assets 2018: $9,886,292Liabilities 2018: $2,264,074Net Assets 2018: $7,622,2182018Assets 2019: $48,523,764Liabilities 2019: $31,018,451Net Assets 2019: $17,505,3132019Assets 2020: $25,173,868Liabilities 2020: $20,105,705Net Assets 2020: $5,068,1632020Assets 2021: $25,190,874Liabilities 2021: $19,856,287Net Assets 2021: $5,334,5872021Assets 2022: $26,691,051Liabilities 2022: $18,592,041Net Assets 2022: $8,099,0102022Assets 2024: $28,296,589Liabilities 2024: $17,961,202Net Assets 2024: $10,335,3872024

Highlighted filing

2024

Assets$28,296,589
Liabilities$17,961,202
Net Assets$10,335,387

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$20M$10M$0-$10M-$20MRevenue 2017: $3,636,913Expenses 2017: $211,378Net Income 2017: $3,425,5352017Revenue 2018: $5,104,964Expenses 2018: $908,281Net Income 2018: $4,196,6832018Revenue 2019: $11,634,435Expenses 2019: $1,751,340Net Income 2019: $9,883,0952019Revenue 2020: $2,175,144Expenses 2020: $14,616,922Net Income 2020: -$12,441,7782020Revenue 2021: $3,791,912Expenses 2021: $3,921,150Net Income 2021: -$129,2382021Revenue 2022: $4,884,818Expenses 2022: $2,072,509Net Income 2022: $2,812,3092022Revenue 2024: $3,622,967Expenses 2024: $2,672,075Net Income 2024: $950,8922024

Highlighted filing

2024

Revenue$3,622,967
Expenses$2,672,075
Net Income$950,892

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 17, 2025
Return Version
2024v5.2
Gross Receipts
$3,785,263
Mission and Program Overview

Mission

The foundation is dedicated to revitalizing the grove park neighborhood and improving the quality of life by working with local partners, leaders and residents to create a healthy, equitable and vibrant community.

Grove park foundation is working with the residents of the grove park neighborhood to break the generational cycle of poverty. See sch o for details.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$14,451,000$14,451,000→ $0
Land, Buildings, and Equipment, Net$8,420,852$8,841,823▲ $420,971
Cash and Non-Interest-Bearing Accounts$3,183,053$3,754,439▲ $571,386
Pledges and Grants Receivable$1,910,837$1,200,746▼ $710,091
Prepaid Expenses and Deferred Charges$54,436$17,139▼ $37,297
Savings and Temporary Cash Investments$0$0→ $0
Accounts 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
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$28,051,620$28,296,589▲ $244,969
Other Assets Total$31,442$31,442→ $0
Liabilities
Deferred Revenue$15,877,871$15,364,295▼ $513,576
Mortgage Notes Payable Secured by Investment Property$1,892,166$1,792,166▼ $100,000
Unsecured Notes Loans Payable$500,000$500,000→ $0
Accounts Payable and Accrued Expenses$292,669$304,741▲ $12,072
Grants Payable$0$0→ $0
Other Liabilities$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$18,562,706$17,961,202▼ $601,504
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$4,862,984$5,959,666▲ $1,096,682
Net Assets With Donor Restrictions$4,625,930$4,375,721▼ $250,209
Total Net Assets Fund Balance$9,488,914$10,335,387▲ $846,473
Total Liabilities and Net Assets / Fund Balance$28,051,620$28,296,589▲ $244,969

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$6,135,585$1,413,748$7,549,333
Other Land Buildings$1,415,686$25,816$1,441,502
Land$1,290,552-$1,290,552

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$4,625,930$1,643,514-$1,893,723$4,375,721
2023$3,980,408$3,006,742-$2,361,220$4,625,930
2022$4,176,198$3,580,465-$3,776,255$3,980,408
2021$4,867,663$2,196,997-$2,888,462$4,176,198
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Gavin McguireExecutive DirectorFT$165,000$20,945$185,945

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Warner Fuller ConsultingFinancial Mangement3080 HIGHLAND PKWY STE B, Smyrna, GA 30082$146,875
Choate Hertlein ArchitectsArchitectural1409 NORTH HIGHLAND AVE NE STE H, Atlanta, GA 30306$134,356
Coxe Curry AssociatesFundraising Services191 PEACHTREE ST NE STE 450, Atlanta, GA 30303$131,388
Revenue and Support

Revenue Composition

Contributions and Grants
$2,993,187
Program Service Revenue
$12,500
Investment Income
$233,016
Other Revenue
$384,264
All Other Contributions
$2,401,484
Change in Net Assets
$950,892
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,774,463
Salaries, Compensation, and Employee Benefits$565,163
Total Fundraising Expense$214,369
Grants and Similar Amounts Paid$201,061
Professional Fundraising Fees$131,388

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$278,290$163,188$67,795$509,273
Occupancy$469,051--$469,051
Depreciation Depletion$141,097$223,160-$364,257
Other Salaries and Wages$180,620$123,340-$303,960
Fees for Services Accounting-$206,317-$206,317
Grants to Domestic Orgs$201,061--$201,061
Current Officers, Directors, Trustees, and Key Employees$110,493$75,452-$185,945
Fees for Services Professional Fundraising--$131,388$131,388
Other Expenses$53,642$4,284$7,001$64,927
Advertising$36,414$838$515$37,767
Payroll Taxes$21,069$14,387-$35,456
Other Employee Benefits$20,403$13,932-$34,335
Conferences and Meetings$22,288$11,402-$33,690
Information Technology$13,792$5,791$5,660$25,243
Interest$15,647$8,604-$24,251
Insurance$11,350$10,119$550$22,019
Travel$2,028$5,657-$7,685
Office Expenses$1,311$2,805$1,460$5,576
Pension Plan Contributions$3,249$2,218-$5,467
Fees for Services Legal-$4,407-$4,407
Total Functional Expenses$1,581,805$875,901$214,369$2,672,075
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Grove Park Foundation Woodson ParkAtlanta, GA501(c)(3)Operational Support$201,061
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$162,296
Professional Fundraising Fees$131,388
Fundraising Gross Income$7,400
Gaming Direct Expenses$0
Gaming Gross Income$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
5k Event$62,171-$9,682-
Gp Heroes Event$286,932$7,400$70,713$-63,313
Total Events$349,103$7,400$162,296$-154,896
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
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
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

Adrienne White and Ashley Carson have a business relationship.

Form 990, Part VI, Section B, Line 11B

A copy of the return is reviewed by the board prior to filing.

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

Conflict of interest policy is distributed every year to board members to fill out and submit revealing any conflicts.

Form 990, Part VI, Section B, Line 15A

The executive directors's salary was established through a three step process. First, the executive committee was granted authority from the full board to conduct a salary assessment. The committee conducted a review of comparable salaries including other purpose-built community quarterback organizations, as well as from similar non-profit organizations in the atlanta market. Finally, following its review, the executive committee made a salary recommendation to the full board of directors for consideration and approval.

Form 990, Part VI, Section C, Line 19

Documents are available upon request.

Filing and Contact Details

Filer

Filer Name
Grove Park Foundation Inc
EIN
82-1913260
In Care Of
% GAVIN MCGUIRE
Phone
7709553116
Address
1566 DONALD LEE HOLLOWELL PKWY 5, ATLANTA, GA 30318

Signing Officer

Name
Gavin Mcguire
Title
Executive Director
Phone
7709553116
Signed
2025-11-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Gavin Mcguire
Formed
2017
Legal Domicile
Ga
Voting Board Members
19
Independent Board Members
18
Employees
5
Volunteers
301

Preparer

Firm
Smith & Howard Advisory LLC
Address
271 17TH STREET NW SUITE 2100, ATLANTA, GA 30363
Preparer
Nicole V Davis
Phone
4048746244
Supplemental Narrative

Additional Explanations

Form 990, Part I, Line 1

Grove park foundation is working with the residents of the grove park neighborhood to create a cradle-to-college quality education pipeline, secure and increase affordable housing for grove park residents, and improve community wellness - physical, financial, cultural, and social. The foundation accomplishes this as a "community quarterback", leveraging community assets and connecting needed partners, programs, and resources to an underserved neighborhood that is experiencing high unemployment, high poverty, low resources, and intense development pressure. The goal is to break the generational cycle of poverty by creating wide and sustainable paths out of poverty for low-income residents.

Form 990, Part XI, Line 8

-104,419 write off of prior year pledges

Form 990, Part XII, Line 2C

The audit/finance committee conducts a competitive bid search for a new cpa firm every 6 years with a mandatory change executed in year 7. One board member from the finance committee serves as the audit committee advisory role and is responsible for hiring, audit engagement, and oversight of the external cpa firm. There have been no changes to the oversight process.

Form 990 Part IX Line 11G

Description:program consultants total fees:509273

Financial Statement Notes

Schedule D Part V Line 4

Donor restricted funds are intended for specific us in the grove park neighborhood, including a health care clinic, after school care, community wellness and real estate, among other projects.

Schedule D Part X Line 2

The foundation is exempt from income taxes under section 501(c)(3) of the internal revenue code, as amended, and is classified by the internal revenue service as a charitable organization whereby only unrelated business income, as defined by section 509(a)(1) of the code, is subject to federal income tax. The foundation annually evaluates all federal and state income tax positions. This process includes an analysis of whether these income tax positions the foundation takes meet the definition of an uncertain tax position under the income taxes topic of the financial accounting standards codification. The foundation does not have uncertain tax positions as of december 31, 2024. In general, the foundation is no longer subject to tax examinations for the tax years ending before december 31, 2021.

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