ATLANTA TECHNICAL COLLEGE FOUNDATION INC: Form 990, tax year 2021

View the entire original 990 at ProPublica ↗

Organization
ATLANTA TECHNICAL COLLEGE FOUNDATION INC (EIN 58-2582973)
Tax period
2021-07-01 to 2022-06-30
Filed
2023-01-13
IRS object ID
202320139349300717
Schema version
2021v4.2
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)
Return2023-01-13T09:22:52-06:00ReturnTs
Tax Period End2022-06-30TaxPeriodEndDt

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 Begin2021-07-01TaxPeriodBeginDt

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
Signature2023-01-09SignatureDt
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

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonALEISA HOWELLPreparerPersonNm
PTINP00936721PTIN
Phone7709558600PhoneNum
Preparation2023-01-09PreparationDt

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer3TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2021TaxYr
Build TS2023-03-07 01:45:13ZBuildTS

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$1,849,095GrossReceiptsAmt
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 Body13VotingMembersGoverningBodyCnt
Voting Members Independent13VotingMembersIndependentCnt
Total Employee2TotalEmployeeCnt
Total Volunteers13TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$2,106,646PYContributionsGrantsAmt
CY Contributions Grants$1,733,155CYContributionsGrantsAmt
PY Program Service Revenue$0PYProgramServiceRevenueAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$163,585PYInvestmentIncomeAmt
CY Investment Income$89,094CYInvestmentIncomeAmt
PY Other Revenue$11,912PYOtherRevenueAmt
CY Other Revenue-$19,585CYOtherRevenueAmt
PY Total Revenue$2,282,143PYTotalRevenueAmt
CY Total Revenue$1,802,664CYTotalRevenueAmt
PY Grants And Similar Paid$1,030,096PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$101,005CYGrantsAndSimilarPaidAmt
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$5,523CYTotalFundraisingExpenseAmt
PY Other Expenses$110,808PYOtherExpensesAmt
CY Other Expenses$116,130CYOtherExpensesAmt
PY Total Expenses$1,140,904PYTotalExpensesAmt
CY Total Expenses$217,135CYTotalExpensesAmt
PY Revenues Less Expenses$1,141,239PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$1,585,529CYRevenuesLessExpensesAmt
Total Assets BOY$4,945,722TotalAssetsBOYAmt
Total Assets EOY$7,064,246TotalAssetsEOYAmt
Total Liabilities BOY$26,273TotalLiabilitiesBOYAmt
Total Liabilities EOY$1,121,673TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$4,919,449NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$5,942,573NetAssetsOrFundBalancesEOYAmt
MissionTO SUPPORT ATLANTA TECHNICAL COLLEGE STUDENTS THROUGH TUITION SCHOLARSHIPS AND OTHER CONTRIBUTIONS.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$161,535ExpenseAmt
Grant$101,005GrantAmt
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$161,535TotalProgramServiceExpensesAmt
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 Stmt0IndependentAuditFinclStmtInd
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 Contri0DeductibleNonCashContriInd
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 Document2IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee2EmployeeCnt
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 Members13GoverningBodyVotingMembersCnt
Independent Voting Member13IndependentVotingMemberCnt
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 (15 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorInd
STEPHEN L MCDANIEL
EXECUTIVE DIRECTOR40.00Yes (X)$54,760$0$32,520
SHANNON GEORGECINK
EXECUTIVE DIRECTOR40.00Yes (X)$41,667$0$25,552
CONSTANCE MACK
CHAIR8.00Yes (X)$0$0$0Yes (X)
ROBERT PERKINS
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)
ERIC TANENBAUM
MEMBER1.00$0$0$0Yes (X)
CHARMAINE WARD-MILLNER
MEMBER1.00$0$0$0Yes (X)
MICHAEL WATSON II
MEMBER1.00$0$0$0Yes (X)
ANN CRAMER
MEMBER1.00$0$0$0Yes (X)
JOHN DEVEER
MEMBER1.00$0$0$0Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$96,427TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$58,072TotalOtherCompensationAmt
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$157,960FundraisingAmt
All Other Contributions$1,575,195AllOtherContributionsAmt
Noncash Contributions$2,000NoncashContributionsAmt
Total Contributions$1,733,155TotalContributionsAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$31,079TotalRevenueColumnAmt
Exclusion$31,079ExclusionAmt

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$58,015SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$0SecuritiesAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$58,015SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$58,015TotalRevenueColumnAmt
Exclusion$58,015ExclusionAmt
FieldValueIRS element (for citing)
Fundraising Gross Income$8,500FundraisingGrossIncomeAmt
Contri Rpt Fundraising Event$157,960ContriRptFundraisingEventAmt
Fundraising Direct Expenses$46,431FundraisingDirectExpensesAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

FieldValueIRS element (for citing)
Total Revenue Column-$37,931TotalRevenueColumnAmt
Exclusion-$37,931ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp

FieldValueIRS element (for citing)
DescREFUNDS, REBATES, ETC.Desc
Business900099BusinessCd
Total Revenue Column$8,346TotalRevenueColumnAmt
Exclusion$8,346ExclusionAmt
FieldValueIRS element (for citing)
Other Revenue Total$8,346OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$1,802,664TotalRevenueColumnAmt
Related Or Exempt Func Income$0RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$69,509ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$16,094TotalAmt
Program Services$16,094ProgramServicesAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$84,911TotalAmt
Program Services$84,911ProgramServicesAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$14,624TotalAmt
Management And General$14,624ManagementAndGeneralAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$9,629TotalAmt
Program Services$4,817ProgramServicesAmt
Fundraising$4,812FundraisingAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$6,966TotalAmt
Program Services$150ProgramServicesAmt
Management And General$6,687ManagementAndGeneralAmt
Fundraising$129FundraisingAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$5,823TotalAmt
Program Services$4,076ProgramServicesAmt
Management And General$1,165ManagementAndGeneralAmt
Fundraising$582FundraisingAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$5,226TotalAmt
Program Services$3,663ProgramServicesAmt
Management And General$1,563ManagementAndGeneralAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$7,298TotalAmt
Program Services$7,267ProgramServicesAmt
Management And General$31ManagementAndGeneralAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$28,578TotalAmt
Program Services$14,009ProgramServicesAmt
Management And General$14,569ManagementAndGeneralAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$14,461TotalAmt
Program Services$11,186ProgramServicesAmt
Management And General$3,275ManagementAndGeneralAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$3,031TotalAmt
Management And General$3,031ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp

FieldValueIRS element (for citing)
DescDUES, FEES, AND SUBSCRIDesc
Total$20,494TotalAmt
Program Services$15,362ProgramServicesAmt
Management And General$5,132ManagementAndGeneralAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$217,135TotalAmt
Program Services$161,535ProgramServicesAmt
Management And General$50,077ManagementAndGeneralAmt
Fundraising$5,523FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$1,680,373BOYAmt
EOY$2,954,063EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$23,873BOYAmt
EOY$148,650EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$35,993BOYAmt
EOY$7,335EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$1,582,166LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$94,650LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$264,533BOYAmt
EOY$1,487,516EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$2,940,950BOYAmt
EOY$2,466,682EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$4,945,722BOYAmt
EOY$7,064,246EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$26,273BOYAmt
EOY$1,173EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

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

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$26,273BOYAmt
EOY$1,121,673EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$1,119,838BOYAmt
EOY$1,346,483EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$3,799,611BOYAmt
EOY$4,596,090EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$4,919,449BOYAmt
EOY$5,942,573EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$4,945,722BOYAmt
EOY$7,064,246EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$1,585,529ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst-$562,405NetUnrlzdGainsLossesInvstAmt
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$375,819CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$316,021CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$2,129,438CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$2,106,646CurrentTaxYearMinus1YearAmt
Current Tax Year$1,733,155CurrentTaxYearAmt
Total$6,661,079TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$375,819CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$316,021CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$2,129,438CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$2,106,646CurrentTaxYearMinus1YearAmt
Current Tax Year$1,733,155CurrentTaxYearAmt
Total$6,661,079TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$1,189,652SubstantialContributorsTotAmt
Public Support Total170$5,471,427PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$193,547CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$14,281CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$27,888CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$29,250CurrentTaxYearMinus1YearAmt
Current Tax Year$41,079CurrentTaxYearAmt
Total$306,045TotalAmt

Other Income170 OtherIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$6,032CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$70CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus1 Year$1,912CurrentTaxYearMinus1YearAmt
Current Tax Year$8,346CurrentTaxYearAmt
Total$16,360TotalAmt
FieldValueIRS element (for citing)
Total Support$6,983,484TotalSupportAmt
Public Support CY1700.78350PublicSupportCY170Pct
Public Support PY1700.80150PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

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$2,899,709BeginningYearBalanceAmt
Contributions$50,000ContributionsAmt
Investment Earnings Or Losses-$474,267InvestmentEarningsOrLossesAmt
End Year Balance$2,475,442EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

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 Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

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 Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

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

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$659,115BeginningYearBalanceAmt
Investment Earnings Or Losses$50,877InvestmentEarningsOrLossesAmt
Other Expenditures$26,000OtherExpendituresAmt
End Year Balance$683,992EndYearBalanceAmt
FieldValueIRS element (for citing)
Prmnnt Endowment Balance EOY0.94731PrmnntEndowmentBalanceEOYPct
Term Endowment Balance EOY0.05269TermEndowmentBalanceEOYPct
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$59,172DepreciationAmt
Book Value$73,659BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$40,606OtherCostOrOtherBasisAmt
Depreciation$31,005DepreciationAmt
Book Value$9,601BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$6,701OtherCostOrOtherBasisAmt
Depreciation$4,473DepreciationAmt
Book Value$2,228BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$1,487,516TotalBookValueLandBuildingsAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$1,689,380TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst-$562,405NetUnrealizedGainsInvstAmt
Donated Services And Use Fclts$402,690DonatedServicesAndUseFcltsAmt
Other Revenue$46,431OtherRevenueAmt
Revenue Not Reported-$113,284RevenueNotReportedAmt
Revenue Subtotal$1,802,664RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt$0RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$1,802,664TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$666,256TotExpnsEtcAuditedFinclStmtAmt
Donated Services Use Fclts$402,690DonatedServicesUseFcltsAmt
Other Expenses Included$46,431OtherExpensesIncludedAmt
Expenses Not Reported$449,121ExpensesNotReportedAmt
Expenses Subtotal$217,135ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$217,135TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART V, LINE 4:AS OF JUNE 30, 2022, THE FOUNDATION'S ENDOWMENT CONSISTED OF FOUR 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, 2022 AND 2021 DUE TO UNCERTAIN TAX POSITIONS.
PART XI, LINE 2D - OTHER ADJUSTMENTS:FUNDRAISING EXPENSES 46,431.
PART XII, LINE 2D - OTHER ADJUSTMENTS:FUNDRAISING EXPENSES 46,431.

Schedule G IRS990ScheduleG

Fundraising Event Information FundraisingEventInformationGrp

FieldValueIRS element (for citing)
Event1BRIDGE BUILDEREvent1Nm
Gross Receipts Event1$166,460GrossReceiptsEvent1Amt
Charitable Contri Event1$157,960CharitableContriEvent1Amt
Gross Revenue Event1$8,500GrossRevenueEvent1Amt
Rent Facility Costs Event1$2,992RentFacilityCostsEvent1Amt
Food And Beverage Event1$22,239FoodAndBeverageEvent1Amt
Entertainment Event1$21,200EntertainmentEvent1Amt
Other Direct Expenses Event1$0OtherDirectExpensesEvent1Amt
Gross Receipts Total$166,460GrossReceiptsTotalAmt
Charitable Contributions Tot$157,960CharitableContributionsTotAmt
Gross Revenue Total Events$8,500GrossRevenueTotalEventsAmt
Rent Fclty Costs Total Events$2,992RentFcltyCostsTotalEventsAmt
Food And Beverage Total Events$22,239FoodAndBeverageTotalEventsAmt
Entertainment Total Events$21,200EntertainmentTotalEventsAmt
Direct Expense Summary Events$46,431DirectExpenseSummaryEventsAmt
Net Income Summary-$37,931NetIncomeSummaryAmt

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$16,094CashGrantAmt
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
Recipient158RecipientCnt
Cash Grant$84,911CashGrantAmt

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
ExplanationTHE EXECUTIVE DIRECTOR IS COMPENSATED BY AN UNRELATED ENTITY, THE ATLANTA TECHNICAL COLLEGE, FOR SERVICES PROVIDED TO THE FOUNDATION. DURING THE FISCAL YEAR, STEPHEN MCDANIEL LEFT THE POSITION OF EXECUTIVE DIRECTOR AND SHANNON GEORGECINK SUCCEEDED HIM. IN 2021, STEPHEN MCDANIEL RECEIVED $87,279 IN COMPENSATION AND BENEFITS AND SHANNON GEORGECINK RECEIVED $67,218 IN COMPENSATION AND BENEFITS.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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