ATLANTA TECHNICAL COLLEGE FOUNDATION INC: Form 990, tax year 2022

View the entire original 990 at ProPublica ↗

Organization
ATLANTA TECHNICAL COLLEGE FOUNDATION INC (EIN 58-2582973)
Tax period
2022-07-01 to 2023-06-30
Filed
2024-05-15
IRS object ID
202431369349312428
Schema version
2022v5.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2024-05-15T14:49:45-05:00ReturnTs
Tax Period End2023-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN580692043PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1MAULDIN & JENKINS LLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1200 GALLERIA PKWY SE STE 1700AddressLine1Txt
CityATLANTACityNm
State AbbreviationGAStateAbbreviationCd
ZIP303395946ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2022-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN582582973EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1ATLANTA TECHNICAL COLLEGE FOUNDATIONBusinessNameLine1Txt
Business Name Line2INCORPORATEDBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlATLABusinessNameControlTxt
Phone4042254648PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11560 METROPOLITAN PARKWAYAddressLine1Txt
CityATLANTACityNm
State AbbreviationGAStateAbbreviationCd
ZIP30310ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonSHANNON GEORGECINKPersonNm
Person TitleEXECUTIVE DIRECTORPersonTitleTxt
Phone4042254648PhoneNum
Signature2024-05-15SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstSHANNONPersonFirstNm
Person LastGEORGECINKPersonLastNm
FieldValueIRS element (for citing)
SSNXXX-XX-XXXXSSN
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (1)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonALEISA HOWELLPreparerPersonNm
PTINP00936721PTIN
Phone7709558600PhoneNum
Preparation2024-05-15PreparationDt

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer3TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2022TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerSHANNON GEORGECINKPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line11560 METROPOLITAN PARKWAYAddressLine1Txt
CityATLANTACityNm
State AbbreviationGAStateAbbreviationCd
ZIP30310ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$1,910,674GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressN/AWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2000FormationYr
Legal Domicile StateGALegalDomicileStateCd
Activity Or MissionSEE SCHEDULE O FOR A COMPLETE DESCRIPTION.THE ATLANTA TECHNICAL COLLEGE FOUNDATION WAS FOUNDED IN 1999 UNDER THE LEADERSHIP OF CHAIRPERSONS JOSEPH JOHNSON AND CAROLYN YOUNG. A 501(C)(3) NON-PROFIT, THE ATLANTA TECHNICAL COLLEGE FOUNDATION'S MISSION IS TO PROVIDE SUPPORT TO ATLANTA TECHNICAL COLLEGE AND THE PROGRAMS AND ACTIVITIES CARRIED OUT BY THE COLLEGE. ITS PURPOSE IS TO ACQUIRE, RETAIN, INVEST AND ADMINISTER FUNDS EXCLUSIVELY FOR THE BENEFIT OF ATLANTA TECHNICAL COLLEGE. SINCE ITS INCEPTION, THE ATLANTA TECHNICAL COLLEGE FOUNDATION HAS FOCUSED ON THE MAJOR GOALS OF RESOURCE DEVELOPMENT, RELATIONSHIP BUILDING, AND FINANCIAL MANAGEMENT OF RESOURCES.ActivityOrMissionDesc
Voting Members Governing Body15VotingMembersGoverningBodyCnt
Voting Members Independent15VotingMembersIndependentCnt
Total Employee1TotalEmployeeCnt
Total Volunteers15TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$1,733,155PYContributionsGrantsAmt
CY Contributions Grants$1,693,234CYContributionsGrantsAmt
PY Program Service Revenue$0PYProgramServiceRevenueAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$89,094PYInvestmentIncomeAmt
CY Investment Income$9,319CYInvestmentIncomeAmt
PY Other Revenue-$19,585PYOtherRevenueAmt
CY Other Revenue$8,609CYOtherRevenueAmt
PY Total Revenue$1,802,664PYTotalRevenueAmt
CY Total Revenue$1,711,162CYTotalRevenueAmt
PY Grants And Similar Paid$101,005PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$1,547,461CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$0PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$0CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$16,515CYTotalFundraisingExpenseAmt
PY Other Expenses$116,130PYOtherExpensesAmt
CY Other Expenses$170,615CYOtherExpensesAmt
PY Total Expenses$217,135PYTotalExpensesAmt
CY Total Expenses$1,718,076CYTotalExpensesAmt
PY Revenues Less Expenses$1,585,529PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$6,914CYRevenuesLessExpensesAmt
Total Assets BOY$7,064,246TotalAssetsBOYAmt
Total Assets EOY$7,278,668TotalAssetsEOYAmt
Total Liabilities BOY$1,121,673TotalLiabilitiesBOYAmt
Total Liabilities EOY$1,123,117TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$5,942,573NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$6,155,551NetAssetsOrFundBalancesEOYAmt
MissionTO SUPPORT ATLANTA TECHNICAL COLLEGE STUDENTS THROUGH TUITION SCHOLARSHIPS AND OTHER CONTRIBUTIONS.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$1,629,753ExpenseAmt
Grant$1,547,461GrantAmt
DescTHE ACTIVITIES OF THE ATLANTA TECHNICAL COLLEGE FOUNDATION PROVIDED HANDS-ON TRAINING OPPORTUNITIES TO A STUDENT SIZE OF OVER 4000. NEEDS-BASED AND ACADEMIC-BASED SCHOLARSHIPS ARE GIVEN EACH QUARTER TO STUDENTS TO SUPPLEMENT EXPENSES RELATED TO THE COST OF THEIR ATTENDANCE AT ATC. THE FOUNDATION PROVIDES ATC STUDENTS WITH IMMEDIATE FUNDING TO MEET UNUSUAL AND UNEXPECTED EXPENSES BEYOND THE ORDINARY EDUCATIONAL EXPENSES MET THROUGH FINANCIAL AID. THESE TYPES OF EXPENSES (E.G. TRANSPORTATION, MEDICAL, AND CHILD CARE) OFTEN SERVE AS BARRIERS TO GRADUATION.Desc
Total Program Service Expenses$1,629,753TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi EndowmentsYes (1)DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other Liabilities0ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising ActivitiesYes (1)FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To OrganizationsYes (1)GrantsToOrganizationsInd
Grants To IndividualsYes (1)GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash ContriYes (1)DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
Info In Schedule O Part VYes (X)InfoInScheduleOPartVInd
IRP Document1IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee1EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members15GoverningBodyVotingMembersCnt
Independent Voting Member15IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEO0CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldGAStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE ORGANIZATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone4042254650PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11560 METROPOLITAN PARKWAYAddressLine1Txt
CityATLANTACityNm
State AbbreviationGAStateAbbreviationCd
ZIP30310ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (16 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorInd
SHANNON GEORGECINK
EXECUTIVE DIRECTOR8.00Yes (X)$21,000$0$7,235
CONSTANCE MACK
CHAIR8.00Yes (X)$0$0$0Yes (X)
MICHAEL WATSON II
VICE CHAIR1.00Yes (X)$0$0$0Yes (X)
ROBERT PERKINS
TREASURER4.00Yes (X)$0$0$0Yes (X)
DETRA REID
ASST. TREASURER4.00Yes (X)$0$0$0Yes (X)
ALEXIS STEWART
SECRETARY1.00Yes (X)$0$0$0Yes (X)
VICTORIA SEALS
MEMBER1.00$0$0$0Yes (X)
CHRISTY ROBINSON
MEMBER1.00$0$0$0Yes (X)
MAURICE JENKINS JR
MEMBER1.00$0$0$0Yes (X)
JEAN CHO
MEMBER1.00$0$0$0Yes (X)
KEVIN SMITH
MEMBER1.00$0$0$0Yes (X)
CHARMAINE WARD-MILLNER
MEMBER1.00$0$0$0Yes (X)
ANN CRAMER
MEMBER1.00$0$0$0Yes (X)
JOHN DEVEER
MEMBER1.00$0$0$0Yes (X)
SHELLEY LAMAR
MEMBER1.00$0$0$0Yes (X)
ERIKA M SMITH
MEMBER1.00$0$0$0Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$21,000TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$7,235TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K0TotalCompGreaterThan150KInd
Compensation From Other SrcsYes (1)CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K0CntrctRcvdGreaterThan100KCnt
Fundraising$116,432FundraisingAmt
All Other Contributions$1,576,802AllOtherContributionsAmt
Noncash Contributions$54,449NoncashContributionsAmt
Total Contributions$1,693,234TotalContributionsAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$60,213TotalRevenueColumnAmt
Exclusion$60,213ExclusionAmt

Gross Rents GrossRentsGrp

FieldValueIRS element (for citing)
Real$10,000RealAmt

Less Rental Expenses LessRentalExpensesGrp

FieldValueIRS element (for citing)
Real$0RealAmt

Rental Income Or Loss RentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Real$10,000RealAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$10,000TotalRevenueColumnAmt
Exclusion$10,000ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$107,413SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$158,307SecuritiesAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities-$50,894SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column-$50,894TotalRevenueColumnAmt
Exclusion-$50,894ExclusionAmt
FieldValueIRS element (for citing)
Fundraising Gross Income$34,500FundraisingGrossIncomeAmt
Contri Rpt Fundraising Event$116,432ContriRptFundraisingEventAmt
Fundraising Direct Expenses$41,205FundraisingDirectExpensesAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

FieldValueIRS element (for citing)
Total Revenue Column-$6,705TotalRevenueColumnAmt
Exclusion-$6,705ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp

FieldValueIRS element (for citing)
DescREFUNDS, REBATES, ETC.Desc
Business900099BusinessCd
Total Revenue Column$5,314TotalRevenueColumnAmt
Exclusion$5,314ExclusionAmt
FieldValueIRS element (for citing)
Other Revenue Total$5,314OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$1,711,162TotalRevenueColumnAmt
Related Or Exempt Func Income$0RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$17,928ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$834,121TotalAmt
Program Services$834,121ProgramServicesAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$713,340TotalAmt
Program Services$713,340ProgramServicesAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$13,637TotalAmt
Management And General$13,637ManagementAndGeneralAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$18,283TotalAmt
Program Services$9,147ProgramServicesAmt
Fundraising$9,136FundraisingAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$15,765TotalAmt
Program Services$33ProgramServicesAmt
Management And General$15,138ManagementAndGeneralAmt
Fundraising$594FundraisingAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$12,669TotalAmt
Program Services$8,868ProgramServicesAmt
Management And General$2,534ManagementAndGeneralAmt
Fundraising$1,267FundraisingAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$4,333TotalAmt
Program Services$3,037ProgramServicesAmt
Management And General$1,296ManagementAndGeneralAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$17,694TotalAmt
Program Services$11,075ProgramServicesAmt
Management And General$1,101ManagementAndGeneralAmt
Fundraising$5,518FundraisingAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$50,785TotalAmt
Program Services$24,895ProgramServicesAmt
Management And General$25,890ManagementAndGeneralAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$11,964TotalAmt
Program Services$9,157ProgramServicesAmt
Management And General$2,807ManagementAndGeneralAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$4,033TotalAmt
Management And General$4,033ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp

FieldValueIRS element (for citing)
DescDUES, FEES, AND SUBSCRIDesc
Total$21,452TotalAmt
Program Services$16,080ProgramServicesAmt
Management And General$5,372ManagementAndGeneralAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$1,718,076TotalAmt
Program Services$1,629,753ProgramServicesAmt
Management And General$71,808ManagementAndGeneralAmt
Fundraising$16,515FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$2,954,063BOYAmt
EOY$3,133,785EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$148,650BOYAmt
EOY$26,617EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$7,335BOYAmt
EOY$11,489EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$1,582,166LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$105,614LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$1,487,516BOYAmt
EOY$1,476,552EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$2,466,682BOYAmt
EOY$2,630,225EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$7,064,246BOYAmt
EOY$7,278,668EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$1,173BOYAmt
EOY$1,617EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

FieldValueIRS element (for citing)
BOY$1,120,500BOYAmt
EOY$1,121,500EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$1,121,673BOYAmt
EOY$1,123,117EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$1,346,483BOYAmt
EOY$1,767,639EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$4,596,090BOYAmt
EOY$4,387,912EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$5,942,573BOYAmt
EOY$6,155,551EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$7,064,246BOYAmt
EOY$7,278,668EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss-$6,914ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$219,892NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Info In Schedule O Part XIIYes (X)InfoInScheduleOPartXIIInd
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or ReviewYes (1)AccountantCompileOrReviewInd

Acct Compile Or Review Basis AcctCompileOrReviewBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
FS Audited0FSAuditedInd
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
College OrganizationYes (X)CollegeOrganizationInd

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$316,021CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$2,129,438CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$2,106,646CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$1,733,155CurrentTaxYearMinus1YearAmt
Current Tax Year$1,693,234CurrentTaxYearAmt
Total$7,978,494TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$316,021CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$2,129,438CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$2,106,646CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$1,733,155CurrentTaxYearMinus1YearAmt
Current Tax Year$1,693,234CurrentTaxYearAmt
Total$7,978,494TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$1,699,046SubstantialContributorsTotAmt
Public Support Total170$6,279,448PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$14,281CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$27,888CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$29,250CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$41,079CurrentTaxYearMinus1YearAmt
Current Tax Year$70,213CurrentTaxYearAmt
Total$182,711TotalAmt

Other Income170 OtherIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$70CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus2 Years$1,912CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$8,346CurrentTaxYearMinus1YearAmt
Current Tax Year$5,314CurrentTaxYearAmt
Total$15,642TotalAmt
FieldValueIRS element (for citing)
Total Support$8,176,847TotalSupportAmt
Public Support CY1700.76800PublicSupportCY170Pct
Public Support PY1700.78350PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Form990 Schedule A Part VI Form990ScheduleAPartVIGrp

FieldValueIRS element (for citing)
Form And Line ReferenceSCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME:FormAndLineReferenceDesc
ExplanationREBATES REFUNDS ETC - 2018 AMOUNT: $ 70. 2020 AMOUNT: $ 1,912. 2021 AMOUNT: $ 8,346. 2022 AMOUNT: $ 5,314.ExplanationTxt

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

CY Endwmt Fund CYEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$2,475,442BeginningYearBalanceAmt
Contributions$170,484ContributionsAmt
Investment Earnings Or Losses$221,180InvestmentEarningsOrLossesAmt
Other Expenditures$107,414OtherExpendituresAmt
End Year Balance$2,759,692EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$2,899,709BeginningYearBalanceAmt
Contributions$50,000ContributionsAmt
Investment Earnings Or Losses-$474,267InvestmentEarningsOrLossesAmt
End Year Balance$2,475,442EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$2,072,118BeginningYearBalanceAmt
Contributions$310,000ContributionsAmt
Investment Earnings Or Losses$531,603InvestmentEarningsOrLossesAmt
Other Expenditures$14,012OtherExpendituresAmt
End Year Balance$2,899,709EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$844,921BeginningYearBalanceAmt
Contributions$1,250,000ContributionsAmt
Investment Earnings Or Losses-$22,803InvestmentEarningsOrLossesAmt
End Year Balance$2,072,118EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$683,992BeginningYearBalanceAmt
Contributions$125,000ContributionsAmt
Investment Earnings Or Losses$49,929InvestmentEarningsOrLossesAmt
Other Expenditures$14,000OtherExpendituresAmt
End Year Balance$844,921EndYearBalanceAmt
FieldValueIRS element (for citing)
Board Designated Balance EOY0.00000BoardDesignatedBalanceEOYPct
Prmnnt Endowment Balance EOY0.90120PrmnntEndowmentBalanceEOYPct
Term Endowment Balance EOY0.09880TermEndowmentBalanceEOYPct
Endowments Held Unrelated OrgYes (1)EndowmentsHeldUnrelatedOrgInd
Endowments Held Related Org0EndowmentsHeldRelatedOrgInd

Land LandGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$1,402,028OtherCostOrOtherBasisAmt
Book Value$1,402,028BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$132,831OtherCostOrOtherBasisAmt
Depreciation$64,377DepreciationAmt
Book Value$68,454BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$40,606OtherCostOrOtherBasisAmt
Depreciation$36,965DepreciationAmt
Book Value$3,641BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$6,701OtherCostOrOtherBasisAmt
Depreciation$4,272DepreciationAmt
Book Value$2,429BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$1,476,552TotalBookValueLandBuildingsAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$2,372,107TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst$219,892NetUnrealizedGainsInvstAmt
Donated Services And Use Fclts$399,848DonatedServicesAndUseFcltsAmt
Revenue Not Reported$619,740RevenueNotReportedAmt
Revenue Subtotal$1,752,367RevenueSubtotalAmt
Other Revenues Not Included-$41,205OtherRevenuesNotIncludedAmt
Revenue Not Reported Fincl Stmt-$41,205RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$1,711,162TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$2,159,129TotExpnsEtcAuditedFinclStmtAmt
Donated Services Use Fclts$399,848DonatedServicesUseFcltsAmt
Other Expenses Included$41,205OtherExpensesIncludedAmt
Expenses Not Reported$441,053ExpensesNotReportedAmt
Expenses Subtotal$1,718,076ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$1,718,076TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART V, LINE 4:AS OF JUNE 30, 2023, THE FOUNDATION'S ENDOWMENT CONSISTED OF EIGHT INDIVIDUAL DONOR-RESTRICTED FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES.
PART X, LINE 2:THE FOUNDATION IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE U.S. INTERNAL REVENUE CODE AND IS CLASSIFIED AS AN ORGANIZATION WHICH IS NOT A PRIVATE FOUNDATION UNDER SECTION 509(A) OF THE U.S. INTERNAL REVENUE CODE. THE FOUNDATION ACCOUNTS FOR UNCERTAIN TAX POSITIONS IN ACCORDANCE WITH ACCOUNTING STANDARDS THAT PROVIDE GUIDANCE ON WHEN UNCERTAIN TAX POSITIONS ARE RECOGNIZED IN AN ENTITY'S FINANCIAL STATEMENTS AND HOW THE VALUES OF THESE POSITIONS ARE DETERMINED. NO LIABILITY HAS BEEN RECORDED AS OF JUNE 30, 2023 AND 2022 DUE TO UNCERTAIN TAX POSITIONS.
PART XI, LINE 4B - OTHER ADJUSTMENTS:FUNDRAISING EXPENSES -41,205.
PART XII, LINE 2D - OTHER ADJUSTMENTS:FUNDRAISING EXPENSES 41,205.

Schedule G IRS990ScheduleG

Fundraising Event Information FundraisingEventInformationGrp

FieldValueIRS element (for citing)
Event1BRIDGE BUILDEREvent1Nm
Gross Receipts Event1$150,932GrossReceiptsEvent1Amt
Charitable Contri Event1$116,432CharitableContriEvent1Amt
Gross Revenue Event1$34,500GrossRevenueEvent1Amt
Rent Facility Costs Event1$27,753RentFacilityCostsEvent1Amt
Food And Beverage Event1$3,089FoodAndBeverageEvent1Amt
Entertainment Event1$9,324EntertainmentEvent1Amt
Other Direct Expenses Event1$1,039OtherDirectExpensesEvent1Amt
Gross Receipts Total$150,932GrossReceiptsTotalAmt
Charitable Contributions Tot$116,432CharitableContributionsTotAmt
Gross Revenue Total Events$34,500GrossRevenueTotalEventsAmt
Rent Fclty Costs Total Events$27,753RentFcltyCostsTotalEventsAmt
Food And Beverage Total Events$3,089FoodAndBeverageTotalEventsAmt
Entertainment Total Events$9,324EntertainmentTotalEventsAmt
Oth Direct Expnss Total Events$1,039OthDirectExpnssTotalEventsAmt
Direct Expense Summary Events$41,205DirectExpenseSummaryEventsAmt
Net Income Summary-$6,705NetIncomeSummaryAmt

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (1)GrantRecordsMaintainedInd

Recipient Table RecipientTable

Recipient Business Name RecipientBusinessName

FieldValueIRS element (for citing)
Business Name Line1ATLANTA TECHNICAL COLLEGEBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line11560 METROPOLITAN PKWY SWAddressLine1Txt
CityATLANTACityNm
State AbbreviationGAStateAbbreviationCd
ZIP30310ZIPCd
FieldValueIRS element (for citing)
Cash Grant$834,121CashGrantAmt
Non Cash Assistance$0NonCashAssistanceAmt
Purpose Of GrantOPERATIONAL SUPPORTPurposeOfGrantTxt
FieldValueIRS element (for citing)
Total501c3 Org1Total501c3OrgCnt
Total Other Org0TotalOtherOrgCnt

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp

FieldValueIRS element (for citing)
Grant TypeSCHOLARSHIPS & EDUCATIONAL ASSISTANCEGrantTypeTxt
Recipient694RecipientCnt
Cash Grant$713,340CashGrantAmt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, LINE 2:FormAndLineReferenceDesc
ExplanationTHE ORGANIZATION MONITORS THE LIST OF QUALIFIED STUDENTS TO MAKE SURE THEY MEET THE REQUIREMENTS SET FOR ANY QUALIFYING STUDENT.ExplanationTxt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Severance Payment0SeverancePaymentInd
Supplemental Nonqual Rtr Plan0SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org0CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs0CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org0CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs0CompBsdNetEarnsRltdOrgsInd
Any Non Fixed Payments0AnyNonFixedPaymentsInd
Initial Contract Exception0InitialContractExceptionInd

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceFORM 990 PART VII OFFICER COMPENSATIONFormAndLineReferenceDesc
ExplanationSHANNON GEORGECINK, EXECUTIVE DIRECTOR, SPENDS APPROXIMATELY 20% OF TIME WORKING FOR THE ATLANTA TECHNICAL COLLEGE FOUNDATION AND IS COMPENSATED BY AN UNRELATED ENTITY, THE ATLANTA TECHNICAL COLLEGE, FOR SERVICES PROVIDED TO THE FOUNDATION. IN 2022, SHANNON GEORGECINK RECEIVED $28,235 IN COMPENSATION AND BENEFITS FOR SERVICES PROVIDED TO THE FOUNDATION.ExplanationTxt

Schedule M IRS990ScheduleM

Securities Publicly Traded SecuritiesPubliclyTradedGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
Contribution1ContributionCnt
Noncash Contributions Rpt F990$51,949NoncashContributionsRptF990Amt
Method Of Determining RevenuesFMVMethodOfDeterminingRevenuesTxt

Other Non Cash Contri Table OtherNonCashContriTableGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
DescEQUIPMENTDesc
Contribution1ContributionCnt
Noncash Contributions Rpt F990$2,500NoncashContributionsRptF990Amt
Method Of Determining RevenuesFMVMethodOfDeterminingRevenuesTxt
FieldValueIRS element (for citing)
Form8283 Received0Form8283ReceivedCnt
Any Property That Must Be Held0AnyPropertyThatMustBeHeldInd
Review Process Unusual NC Gifts0ReviewProcessUnusualNCGiftsInd
Third Parties Used0ThirdPartiesUsedInd

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, COLUMN (B):FormAndLineReferenceDesc
ExplanationNUMBER OF CONTRIBUTORS.ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (6 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990 PART I LINE 5 AND PART V LINE 2A AND 2BTHE ATLANTA TECHNICAL COLLEGE FOUNDATION INC DOES NOT HAVE ANY W-2 EMPLOYEES. ALL EMPLOYEES ARE EMPLOYED BY REPORTING AGENT ATLANTA TECHNICAL COLLEGE, AN UNRELATED ORGANIZATION.
FORM 990, PART VI, SECTION B, LINE 11BFORM 990 IS REVIEWED BY THE BOARD PRIOR TO FILING.
FORM 990, PART VI, SECTION B, LINE 12CBOARD MEMBERS MUST DISCLOSE CONFLICTS OF INTEREST.
FORM 990, PART VI, SECTION C, LINE 19DOCUMENTS AVAILABLE UPON REQUEST.
FORM 990 PART XII LINE 2CTHE ORGANIZATION PUTS OUT A REQUEST FOR PROPOSALS FOR AUDITING SERVICES AND MAKES A SELECTION OF A FIRM. THE OVERSIGHT PROCESS HAS NOT CHANGED.
FORM 990 PAGE 1 LINE 5THE ACCOUNTING AND ADVISORY SERVICES ARE PROVIDED TO THE FOUNDATION BY EMPLOYEES OF THE ATLANTA TECHNICAL COLLEGE, AN UNRELATED PARTY. THE ORGANIZATION DOES NOT HAVE ANY EMPLOYEES.

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