Civic Intelligence

Wabe Foundation Inc.

990 • Fiscal year 2023 • EIN 84-3475573

Jul 01, 2022 to Jun 30, 2023 • Filed on May 15, 2024

740 Bismark Road NEAtlanta, GA 30324

(678) 686-0353

Siviq Scores

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

Liabilities / Assets

39th percentile

0.03x

Higher debt load relative to assets than 39% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

87th percentile

0.92x

Higher debt load relative to revenue than 87% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

1st percentile

-484%

Higher net margin than 1% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

95th percentile

$323,398

Higher top officer pay than 95% of similar nonprofits.

Top officer pay equals 417.4% of source-year revenue.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

20th percentile

-5.4%

Faster asset growth than 20% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

23rd percentile

-12%

Faster revenue growth than 23% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Assets

Down

$2,765,538

Down $157,172 (-5.4%) from 2022

Net Assets

Down

$2,694,499

Down $228,211 (-7.8%) from 2022

Liabilities

Up

$71,039

Up $71,039 from 2022

Revenue

Down

$77,475

Down $10,302 (-12%) from 2022

Expenses

Up

$452,718

Up $300,293 (+197%) from 2022

Net Income

Down

-$375,243

Down $310,595 (-480%) from 2022

Historical Trend

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2020: $2,826,349Liabilities 2020: $0Net Assets 2020: $2,826,3492020Assets 2021: $3,290,881Liabilities 2021: $0Net Assets 2021: $3,290,8812021Assets 2022: $2,922,710Liabilities 2022: $0Net Assets 2022: $2,922,7102022Assets 2023: $2,765,538Liabilities 2023: $71,039Net Assets 2023: $2,694,4992023Assets 2024: $2,706,242Liabilities 2024: $71,039Net Assets 2024: $2,635,2032024

Highlighted filing

2023

Assets$2,765,538
Liabilities$71,039
Net Assets$2,694,499

Operations Trend

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

$500K$0-$500KRevenue 2020: $86,401Expenses 2020: $138,344Net Income 2020: -$51,9432020Revenue 2021: $62,491Expenses 2021: $139,585Net Income 2021: -$77,0942021Revenue 2022: $87,777Expenses 2022: $152,425Net Income 2022: -$64,6482022Revenue 2023: $77,475Expenses 2023: $452,718Net Income 2023: -$375,2432023Revenue 2024: $81,203Expenses 2024: $378,456Net Income 2024: -$297,2532024

Highlighted filing

2023

Revenue$77,475
Expenses$452,718
Net Income-$375,243
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
May 15, 2024
Return Version
2022v5.0
Gross Receipts
$748,461
Mission and Program Overview

Mission

The public broadcasting foundation of atlanta is a supporting organization of the atlanta educational telecommunications collaborative, inc (58-2126423). The foundation promotes, preserves, supports and enhances the mission, vision, values, operations, management and further growth and development of the atlanta educational telecommunications collaborative, inc. By securing and investing support from various sources.

to promote, preserve, support and enhance the mission, vision, values, operations, management, growth & development of the atlanta educational telecommunications collabortive

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$2,824,449$2,667,087▼ $157,362
Cash and Non-Interest-Bearing Accounts$98,261$98,451▲ $190
Savings and Temporary Cash Investments$0$0→ $0
Accounts Receivable$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
Land, Buildings, and Equipment, Net$0$0→ $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$2,922,710$2,765,538▼ $157,172
Other Assets Total$0$0→ $0
Liabilities
Other Liabilities$0$71,039▲ $71,039
Accounts Payable and Accrued Expenses$0$0→ $0
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$0$71,039▲ $71,039
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,922,710$2,694,499▼ $228,211
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$2,922,710$2,694,499▼ $228,211
Total Liabilities and Net Assets / Fund Balance$2,922,710$2,765,538▼ $157,172
Compensation and Service Providers

Employees

NameTitleOtherTotal
Samuel DelaneyChief Financial Officer$104,959$104,959

Board Members and Trustees

NameTitle
Charles E TaylorChairman
Andrea MontagVice Chairman
Barry Berlinboard member
Jennifer DorianCEO
Sadie Jo DennardSecretary
Milton Jones jrTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$77,475
Other Revenue
$0
Change in Net Assets
$-375,243
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$368,539
Other Expenses$84,179
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$368,539--$368,539
Fees for Services Other-$71,039-$71,039
Fees for Service Investment Mgmnt Fees-$13,140$0$13,140
Total Functional Expenses$368,539$84,179$0$452,718
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Atlanta Educational Telecommunications CollabAtlanta, GA501(c)(3)Support$368,539
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Other Funds$71,039
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Part VI Section B Line 11B

The organization provides a copy of the draft 990 to each member of the board's finance and audit committees for review prior to finalizing the tax forms. The document is refined based upon input from the finance and audit committees and the final document is provided to each member of the board of directors prior to submission to the irs.

Part VI Section B Line 12C

The executive assistant to the president/ceo is responsible for obtaining from each board member annually a signed conflict of interest declaration and reports to the president/ceo any conflicts or issues that are noted.

Part VI Section C Line 19

The organization's financial information is available upon request.

Part VI Section B Line 15

The foundation does not compensate any employees or board members.

Filing and Contact Details

Filer

Filer Name
Wabe Foundation Inc
EIN
84-3475573
In Care Of
% SAM DELANEY
Phone
6786860353
Address
740 BISMARK ROAD NE, ATLANTA, GA 30324

Signing Officer

Name
Sam Delaney
Title
CFO
Phone
6786860353
Signed
2024-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sam Delaney
Formed
2019
Legal Domicile
Ga
Voting Board Members
7
Independent Board Members
5
Employees
0
Volunteers
5

Preparer

Firm
Smith & Howard Advisory LLC
Address
271 17TH STREET NW SUITE 1600, ATLANTA, GA 30363
Preparer
Sabre Linahan
Phone
4048746244
Supplemental Narrative

Additional Explanations

Form 990 Part IX Line 11G

Description:consulting fees total fees:71039

Financial Statement Notes

Part X LIne 2

The Organization qualifies as a tax-exempt organization under Section 501(c)(3) of the Internal Revenue Code. Accordingly, no provision for federal or state income taxes has been recorded on the accompanying combined financial statements. In addition, the Organization qualifies for the charitable contribution deduction under Section 170(b)(1)(A) and has been classified as an organization that is not a private foundation under Section 509(a)(2). GAAP requires the Organization's management to evaluate tax positions taken and recognize a tax liability (or asset) if the Organization has taken an uncertain position that more likely than not would not be sustained upon examination by the Internal Revenue Service ("IRS"). The Organization's management has analyzed the tax positions taken and has concluded that, as of June 30, 2023, there are no uncertain positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the combined financial statements. The Organization is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. In general, the Organization is no longer subject to income tax examinations for tax years ending before June 30, 2020.

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IRS990/MissionDesc0THE PUBLIC BROADCASTING FOUNDATION OF ATLANTA IS A SUPPORTING ORGANIZATION OF THE ATLANTA EDUCATIONAL TELECOMMUNICATIONS COLLABORATIVE, INC (58-2126423). THE FOUNDATION PROMOTES, PRESERVES, SUPPORTS AND ENHANCES THE MISSION, VISION, VALUES, OPERATIONS, MANAGEMENT AND FURTHER GROWTH AND DEVELOPMENT OF THE ATLANTA EDUCATIONAL TELECOMMUNICATIONS COLLABORATIVE, INC. BY SECURING AND INVESTING SUPPORT FROM VARIOUS SOURCES.
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IRS990/PYInvestmentIncomeAmt087777
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IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd07
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt0368539
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0ATLANTA EDUCATIONAL TELECOMMUNICATIONS COLLABORATIVE INC
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt0368539
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt00
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt071039
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO OTHER FUNDS
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Organization qualifies as a tax-exempt organization under Section 501(c)(3) of the Internal Revenue Code. Accordingly, no provision for federal or state income taxes has been recorded on the accompanying combined financial statements. In addition, the Organization qualifies for the charitable contribution deduction under Section 170(b)(1)(A) and has been classified as an organization that is not a private foundation under Section 509(a)(2). GAAP requires the Organization's management to evaluate tax positions taken and recognize a tax liability (or asset) if the Organization has taken an uncertain position that more likely than not would not be sustained upon examination by the Internal Revenue Service ("IRS"). The Organization's management has analyzed the tax positions taken and has concluded that, as of June 30, 2023, there are no uncertain positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the combined financial statements. The Organization is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. In general, the Organization is no longer subject to income tax examinations for tax years ending before June 30, 2020.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X LIne 2
IRS990ScheduleD/TotalLiabilityAmt071039
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/RecipientTable/CashGrantAmt0368539
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0SUPPORT
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0Atlanta Educational Telecommunications Collab
IRS990ScheduleI/RecipientTable/RecipientEIN0582126423
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0740 BISMARK ROAD NE
IRS990ScheduleI/RecipientTable/USAddress/CityNm0ATLANTA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0GA
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd030324
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc0FMV
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION IS A SUPPORTING ORGANIZATION OF ATLANTA EDUCATIONAL TELECOMMUNICATIONS COLLAB. GRANTS REPORTED ARE SUPPORT PAID TO AETC IN FURTHERANCE OF ITS MISSION AND ACTIVITIES.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART II, LINE 1
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IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/CompensationCommitteeInd0X
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0300000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt03000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt020612
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Jennifer Dorian
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0323612
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990ScheduleJ/WrittenEmploymentContractInd0X
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION PROVIDES A COPY OF THE DRAFT 990 TO EACH MEMBER OF THE BOARD'S FINANCE AND AUDIT COMMITTEES FOR REVIEW PRIOR TO FINALIZING THE TAX FORMS. THE DOCUMENT IS REFINED BASED UPON INPUT FROM THE FINANCE AND AUDIT COMMITTEES AND THE FINAL DOCUMENT IS PROVIDED TO EACH MEMBER OF THE BOARD OF DIRECTORS PRIOR TO SUBMISSION TO THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE EXECUTIVE ASSISTANT TO THE PRESIDENT/CEO IS RESPONSIBLE FOR OBTAINING FROM EACH BOARD MEMBER ANNUALLY A SIGNED CONFLICT OF INTEREST DECLARATION AND REPORTS TO THE PRESIDENT/CEO ANY CONFLICTS OR ISSUES THAT ARE NOTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The organization's financial information is available upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The foundation does not compensate any employees or board members.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DESCRIPTION:CONSULTING FEES TOTAL FEES:71039
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0PART VI SECTION B LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1PART VI SECTION B LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2PART VI SECTION C LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3PART VI SECTION B LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990 PART IX LINE 11G
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0true
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0ATLANTA EDUCATIONAL TELECOMMUNICATIONS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0582126423
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(c)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0GA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0INFORMATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt07
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0740 BISMARK ROAD NE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0ATLANTA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0GA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd030324
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
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IRS990ScheduleR/PaidEmployeesSharingInd0true
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