Civic Intelligence

Grsp Foundation

990 • Fiscal year 2023 • EIN 85-0868798

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

Organization ProfileWWW.GRSP.ORG
3006 N Patterson StValdosta, GA 31602-1711

(404) 405-6806

Siviq Scores

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

Liabilities / Assets

5th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Liabilities / Revenue

5th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Net Margin

85th percentile

35%

Higher net margin than 85% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Top Officer Pay

14th percentile

$0

Higher top officer pay than 14% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Asset Growth

37th percentile

2.1%

Faster asset growth than 37% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Revenue Growth

23rd percentile

-11%

Faster revenue growth than 23% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets5th percentile

Assets

Up

$15,931,307

Up $326,130 (+2.1%) from 2022

Net Assets

Up

$15,931,307

Up $509,724 (+3.3%) from 2022

Liabilities

Down

$0

Down $183,594 (-100%) from 2022

Revenue And Expenses
Liabilities / Revenue5th percentileNet Margin85th percentile

Revenue

Down

$941,389

Down $118,935 (-11%) from 2022

Expenses

Up

$615,259

Up $15,615 (+2.6%) from 2022

Net Income

Down

$326,130

Down $134,550 (-29%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth37th percentile

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

$20M$15M$10M$5.0M$0Assets 2021: $17,809,064Liabilities 2021: $183,594Net Assets 2021: $17,625,4702021Assets 2022: $15,605,177Liabilities 2022: $183,594Net Assets 2022: $15,421,5832022Assets 2023: $15,931,307Liabilities 2023: $0Net Assets 2023: $15,931,3072023Assets 2024: $16,653,277Liabilities 2024: $137,109Net Assets 2024: $16,516,1682024

Highlighted filing

2023

Assets$15,931,307
Liabilities$0
Net Assets$15,931,307
Open 2023 Filing

Operations Trend

Revenue Growth23rd percentile

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

$1.5M$1.0M$500K$0Revenue 2021: $1,128,818Expenses 2021: $175,500Net Income 2021: $953,3182021Revenue 2022: $1,060,324Expenses 2022: $599,644Net Income 2022: $460,6802022Revenue 2023: $941,389Expenses 2023: $615,259Net Income 2023: $326,1302023Revenue 2024: $1,285,672Expenses 2024: $563,702Net Income 2024: $721,9702024

Highlighted filing

2023

Revenue$941,389
Expenses$615,259
Net Income$326,130
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Feb 15, 2024
Return Version
2022v5.0
Gross Receipts
$941,389
Mission and Program Overview

Mission

To support and carry out funcations that are essential and integral to the accomplishment of the exempt purposes of rotary.to support the georgia rotary student program by engaging in fund management, fundraising, and grant-making, all to support the rotary's charitable student programs.

To support and carry out functions that are essential and integral to the accomplishment of the exempt purposes of rotary, to support the georgia rotary student program by engaging in fund management, fundraising, and grant-making, all to support rotary's charitable student programs.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$15,205,196$15,654,384▲ $449,188
Cash and Non-Interest-Bearing Accounts$399,981$276,923▼ $123,058
Total Assets$15,605,177$15,931,307▲ $326,130
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$15,605,177$15,931,307▲ $326,130
Total Net Assets Fund Balance$15,605,177$15,931,307▲ $326,130
Total Liabilities and Net Assets / Fund Balance$15,605,177$15,931,307▲ $326,130
Compensation and Service Providers
Top Officer Pay14th percentile

Board Members and Trustees

NameTitle
Joe JonesPresident
Beth SikesDirector
Blake McburneyDirector
Terry AdkinsDirector
Eleni BafasSecretary
Hamsa ThotaTreasurer
Jim DrakeVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$201,067
Program Service Revenue
$0
Investment Income
$740,322
Other Revenue
$0
All Other Contributions
$201,067
Change in Net Assets
$326,130
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$550,000
Other Expenses$65,259
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$550,000--$550,000
Fees for Service Investment Mgmnt Fees$65,259--$65,259
Total Functional Expenses$615,259$0$0$615,259
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Georgia Rotary Student ProgramValdosta, GA501c3Scholarships$550,000
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
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

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

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“A draft copy of form 990 is distributted to the board of directors for review and comments prior to filing.”

Form 990, Page 6, Part VI, Line 19

“Governing documents are made available upon request.”

Filing and Contact Details

Filer

Filer Name
Grsp Foundation Inc
EIN
85-0868798
Phone
4044056806
Address
3006 N PATTERSON ST, VALDOSTA, GA 31602-1711

Signing Officer

Name
Joe Jones
Title
President
Phone
4044056806
Signed
2024-02-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joe Jones
Formed
2020
Legal Domicile
Ga
Voting Board Members
7
Independent Board Members
7
Employees
0

Preparer

Firm
Brd Valdosta
Address
3006 N PATTERSON ST, VALDOSTA, GA 31602
Preparer
John K Dukes Jr
Phone
2292440327
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“Organization's mission is to support and carry out functions that are essential and integral to the accomplishment of the exempt purposes of the georgia rotary student program by engaging in fund management, fundraising, and grant-making.”

Form 990, Page 2, Part III, Line 4D

“The organization supported the exempt purposes of the georgia rotary student program by engaging in fund management, fundraising, and grant- making, providing funding for approximately 40 international students to spend one academic year in colleges and universities throughout the state of georgia, and interacting with american citizens throughout the state.”

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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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ORGANIZATION'S MISSION IS TO SUPPORT AND CARRY OUT FUNCTIONS THAT ARE ESSENTIAL AND INTEGRAL TO THE ACCOMPLISHMENT OF THE EXEMPT PURPOSES OF THE GEORGIA ROTARY STUDENT PROGRAM BY ENGAGING IN FUND MANAGEMENT, FUNDRAISING, AND GRANT-MAKING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION SUPPORTED THE EXEMPT PURPOSES OF THE GEORGIA ROTARY STUDENT PROGRAM BY ENGAGING IN FUND MANAGEMENT, FUNDRAISING, AND GRANT- MAKING, PROVIDING FUNDING FOR APPROXIMATELY 40 INTERNATIONAL STUDENTS TO SPEND ONE ACADEMIC YEAR IN COLLEGES AND UNIVERSITIES THROUGHOUT THE STATE OF GEORGIA, AND INTERACTING WITH AMERICAN CITIZENS THROUGHOUT THE STATE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A DRAFT COPY OF FORM 990 IS DISTRIBUTTED TO THE BOARD OF DIRECTORS FOR REVIEW AND COMMENTS PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3GOVERNING DOCUMENTS ARE MADE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
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IRS990ScheduleR/SupplementalInformationDetail/ExplanationTxt0THE GRSP FOUNDATION INC HOLDS INVESTMENTS IN AN ENDOWMENT IN PERPETUITY AND DISTRIBUTES THE INCOME AS NEEDED TO THE GEORGIA ROTARY STUDENT PROGRAM INC IN SUPPORT OF ITS OPERATIONS TO SPONSOR INTERNATIONAL STUDENTS TO STUDY IN COLLEGES AND UNIVERSITIES IN THE STATE OF GEORGIA FOR ONE ACADEMIC SCHOOL YEAR.
IRS990ScheduleR/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE R
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IRS990/TotalFunctionalExpensesGrp/TotalAmt0615259
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IRS990/TotalLiabilitiesEOYAmt00
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IRS990/TotalLiabilitiesGrp/EOYAmt00
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IRS990/TotalOtherProgSrvcExpenseAmt0615259
IRS990/TotalOtherProgSrvcGrantAmt0550000
IRS990/TotalProgramServiceExpensesAmt0615259
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IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0941389
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IRS990/UnrelatedBusIncmOverLimitInd0false
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IRS990/WebsiteAddressTxt0HTTPS://WWW.GRSP.ORG/
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JOE JONES
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum04044056806
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-02-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0GRSP FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0GRSP
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd031602
ReturnHeader/PreparerPersonGrp/PhoneNum02292440327
ReturnHeader/PreparerPersonGrp/PreparationDt02024-02-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JOHN K DUKES JR
ReturnHeader/ReturnTs02024-02-15T14:07:06-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0JOE
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0JONES
ReturnHeader/TaxPeriodBeginDt02022-07-01
ReturnHeader/TaxPeriodEndDt02023-06-30
ReturnHeader/TaxYr02022

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$15,931,307
Liabilities
$0
Net assets
$15,931,307
Revenue
$941,389
Expenses
$615,259
Net income
$326,130
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$16.7$0.14$16.5$1.29$0.56$0.72
2023Detailed filing. Detailed filing data is available for this year.$15.9$0.00$15.9$0.94$0.62$0.33
2022Detailed filing. Detailed filing data is available for this year.$15.6$0.18$15.4$1.06$0.60$0.46
2021Detailed filing. Detailed filing data is available for this year.$17.8$0.18$17.6$1.13$0.18$0.95