ATLANTA TECHNICAL COLLEGE FOUNDATION INC: Form 990, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
ATLANTA TECHNICAL COLLEGE FOUNDATION INC (EIN 58-2582973)
Tax period
2023-07-01 to 2024-06-30
Filed
2025-05-14
IRS object ID
202531349349302618
Schema version
2023v6.0
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)
Return2025-05-14T08:17:55-05:00ReturnTs
Tax Period End2024-06-30TaxPeriodEndDt

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 Begin2023-07-01TaxPeriodBeginDt

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)
PersonSTAPHEA S CAMPBELLPersonNm
Person TitleEXECUTIVE DIRECTORPersonTitleTxt
Phone4042254648PhoneNum
Signature2025-05-12SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info Curr0IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonMELISSA SEWARDPreparerPersonNm
PTINP02145103PTIN
Phone7709558600PhoneNum
Preparation2025-05-12PreparationDt
FieldValueIRS element (for citing)
Tax2023TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerSTAPHEA S CAMPBELLPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line11560 METROPOLITAN PARKWAYAddressLine1Txt
CityATLANTACityNm
State AbbreviationGAStateAbbreviationCd
ZIP30310ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$2,791,956GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressATLANTATECH.EDU/FOUNDATIONWebsiteAddressTxt
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 Body14VotingMembersGoverningBodyCnt
Voting Members Independent14VotingMembersIndependentCnt
Total Employee1TotalEmployeeCnt
Total Volunteers14TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$1,693,234PYContributionsGrantsAmt
CY Contributions Grants$2,355,091CYContributionsGrantsAmt
PY Program Service Revenue$0PYProgramServiceRevenueAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$9,319PYInvestmentIncomeAmt
CY Investment Income$364,965CYInvestmentIncomeAmt
PY Other Revenue$8,609PYOtherRevenueAmt
CY Other Revenue$38,817CYOtherRevenueAmt
PY Total Revenue$1,711,162PYTotalRevenueAmt
CY Total Revenue$2,758,873CYTotalRevenueAmt
PY Grants And Similar Paid$1,547,461PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$1,832,142CYGrantsAndSimilarPaidAmt
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$16,126CYTotalFundraisingExpenseAmt
PY Other Expenses$170,615PYOtherExpensesAmt
CY Other Expenses$275,620CYOtherExpensesAmt
PY Total Expenses$1,718,076PYTotalExpensesAmt
CY Total Expenses$2,107,762CYTotalExpensesAmt
PY Revenues Less Expenses-$6,914PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$651,111CYRevenuesLessExpensesAmt
Total Assets BOY$7,278,668TotalAssetsBOYAmt
Total Assets EOY$8,054,603TotalAssetsEOYAmt
Total Liabilities BOY$1,123,117TotalLiabilitiesBOYAmt
Total Liabilities EOY$1,122,696TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$6,155,551NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$6,931,907NetAssetsOrFundBalancesEOYAmt
MissionTO SUPPORT ATLANTA TECHNICAL COLLEGE STUDENTS THROUGH TUITION SCHOLARSHIPS AND OTHER CONTRIBUTIONS.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$1,919,358ExpenseAmt
Grant$1,832,142GrantAmt
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$1,919,358TotalProgramServiceExpensesAmt
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 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 Document0IRPDocumentCnt
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 ContributionsYes (1)QuidProQuoContributionsInd
Quid Pro Quo Contri DisclYes (1)QuidProQuoContriDisclInd
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 Members14GoverningBodyVotingMembersCnt
Independent Voting Member14IndependentVotingMemberCnt
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
SHANNON GEORGECINK
EXECUTIVE DIRECTOR8.00Yes (X)$21,000$0$7,814
MICHAEL WATSON II
CHAIR8.00Yes (X)$0$0$0Yes (X)
DETRA REID
TREASURER4.00Yes (X)$0$0$0Yes (X)
MAURICE JENKINS JR
MEMBER1.00$0$0$0Yes (X)
JEAN CHO
MEMBER1.00$0$0$0Yes (X)
ANN CRAMER
MEMBER1.00$0$0$0Yes (X)
ALLISON HOWARD
MEMBER1.00$0$0$0Yes (X)
SHELLEY LAMAR
MEMBER1.00$0$0$0Yes (X)
CONSTANCE MACK-THREATT
MEMBER1.00$0$0$0Yes (X)
NICK MCCARTHY
MEMBER1.00$0$0$0Yes (X)
TAI ROBERSON
MEMBER1.00$0$0$0Yes (X)
ERIKA M SMITH
MEMBER1.00$0$0$0Yes (X)
KEVIN SMITH
MEMBER1.00$0$0$0Yes (X)
CHARMAINE WARD-MILLNER
MEMBER1.00$0$0$0Yes (X)
MALIKA REED WILKINS
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$7,814TotalOtherCompensationAmt
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$120,692FundraisingAmt
All Other Contributions$2,234,399AllOtherContributionsAmt
Total Contributions$2,355,091TotalContributionsAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$114,035TotalRevenueColumnAmt
Exclusion$114,035ExclusionAmt

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$250,930SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$0SecuritiesAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$250,930SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$250,930TotalRevenueColumnAmt
Exclusion$250,930ExclusionAmt
FieldValueIRS element (for citing)
Fundraising Gross Income$30,173FundraisingGrossIncomeAmt
Contri Rpt Fundraising Event$120,692ContriRptFundraisingEventAmt
Fundraising Direct Expenses$33,083FundraisingDirectExpensesAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

FieldValueIRS element (for citing)
Total Revenue Column-$2,910TotalRevenueColumnAmt
Exclusion-$2,910ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp

FieldValueIRS element (for citing)
DescREFUNDS, REBATES, ETC.Desc
Business900099BusinessCd
Total Revenue Column$31,727TotalRevenueColumnAmt
Exclusion$31,727ExclusionAmt
FieldValueIRS element (for citing)
Other Revenue Total$31,727OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$2,758,873TotalRevenueColumnAmt
Related Or Exempt Func Income$0RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$403,782ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$1,051,049TotalAmt
Program Services$1,051,049ProgramServicesAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$781,093TotalAmt
Program Services$781,093ProgramServicesAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$36,343TotalAmt
Management And General$36,343ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$825TotalAmt
Management And General$825ManagementAndGeneralAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$15,268TotalAmt
Program Services$7,639ProgramServicesAmt
Fundraising$7,629FundraisingAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$90,874TotalAmt
Program Services$1,556ProgramServicesAmt
Management And General$87,103ManagementAndGeneralAmt
Fundraising$2,215FundraisingAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$10,483TotalAmt
Program Services$7,338ProgramServicesAmt
Management And General$2,097ManagementAndGeneralAmt
Fundraising$1,048FundraisingAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$17,403TotalAmt
Program Services$12,198ProgramServicesAmt
Management And General$5,205ManagementAndGeneralAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$8,871TotalAmt
Program Services$2,842ProgramServicesAmt
Management And General$795ManagementAndGeneralAmt
Fundraising$5,234FundraisingAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$50,723TotalAmt
Program Services$24,864ProgramServicesAmt
Management And General$25,859ManagementAndGeneralAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$10,589TotalAmt
Program Services$8,104ProgramServicesAmt
Management And General$2,485ManagementAndGeneralAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$3,991TotalAmt
Management And General$3,991ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp

FieldValueIRS element (for citing)
DescDUES, FEES, AND SUBSCRIDesc
Total$30,250TotalAmt
Program Services$22,675ProgramServicesAmt
Management And General$7,575ManagementAndGeneralAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$2,107,762TotalAmt
Program Services$1,919,358ProgramServicesAmt
Management And General$172,278ManagementAndGeneralAmt
Fundraising$16,126FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$3,133,785BOYAmt
EOY$3,042,408EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$26,617BOYAmt
EOY$46,000EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$11,489BOYAmt
EOY$3,000EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$1,582,166LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$115,203LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$1,476,552BOYAmt
EOY$1,466,963EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$2,630,225BOYAmt
EOY$3,496,232EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$7,278,668BOYAmt
EOY$8,054,603EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$1,617BOYAmt
EOY$196EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

FieldValueIRS element (for citing)
BOY$1,121,500BOYAmt
EOY$1,122,500EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$1,123,117BOYAmt
EOY$1,122,696EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$1,767,639BOYAmt
EOY$1,337,997EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$4,387,912BOYAmt
EOY$5,593,910EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$6,155,551BOYAmt
EOY$6,931,907EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$7,278,668BOYAmt
EOY$8,054,603EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$651,111ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$125,245NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Info In Schedule O Part XIIYes (X)InfoInScheduleOPartXIIInd
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
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$2,129,438CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$2,106,646CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$1,733,155CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$1,693,234CurrentTaxYearMinus1YearAmt
Current Tax Year$2,355,091CurrentTaxYearAmt
Total$10,017,564TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$2,129,438CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$2,106,646CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$1,733,155CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$1,693,234CurrentTaxYearMinus1YearAmt
Current Tax Year$2,355,091CurrentTaxYearAmt
Total$10,017,564TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$1,402,313SubstantialContributorsTotAmt
Public Support Total170$8,615,251PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$27,888CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$29,250CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$41,079CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$70,213CurrentTaxYearMinus1YearAmt
Current Tax Year$124,035CurrentTaxYearAmt
Total$292,465TotalAmt

Other Income170 OtherIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus3 Years$1,912CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$8,346CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$5,314CurrentTaxYearMinus1YearAmt
Current Tax Year$31,727CurrentTaxYearAmt
Total$47,299TotalAmt
FieldValueIRS element (for citing)
Total Support$10,357,328TotalSupportAmt
Public Support CY1700.83180PublicSupportCY170Pct
Public Support PY1700.76800PublicSupportPY170Pct
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
ExplanationOTHER INCOME - 2020 AMOUNT: $ 1,912. 2021 AMOUNT: $ 8,346. 2022 AMOUNT: $ 5,314. 2023 AMOUNT: $ 31,727.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$2,759,692BeginningYearBalanceAmt
Contributions$535,000ContributionsAmt
Investment Earnings Or Losses$375,819InvestmentEarningsOrLossesAmt
Other Expenditures$174,276OtherExpendituresAmt
End Year Balance$3,496,235EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

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 Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

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 Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

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 Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

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
FieldValueIRS element (for citing)
Board Designated Balance EOY0.00000BoardDesignatedBalanceEOYPct
Prmnnt Endowment Balance EOY0.83570PrmnntEndowmentBalanceEOYPct
Term Endowment Balance EOY0.16430TermEndowmentBalanceEOYPct
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$69,583DepreciationAmt
Book Value$63,248BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$40,606OtherCostOrOtherBasisAmt
Depreciation$40,606DepreciationAmt
Book Value$0BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$6,701OtherCostOrOtherBasisAmt
Depreciation$5,014DepreciationAmt
Book Value$1,687BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$1,466,963TotalBookValueLandBuildingsAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$3,325,701TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst$125,245NetUnrealizedGainsInvstAmt
Donated Services And Use Fclts$408,500DonatedServicesAndUseFcltsAmt
Revenue Not Reported$533,745RevenueNotReportedAmt
Revenue Subtotal$2,791,956RevenueSubtotalAmt
Other Revenues Not Included-$33,083OtherRevenuesNotIncludedAmt
Revenue Not Reported Fincl Stmt-$33,083RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$2,758,873TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$2,549,345TotExpnsEtcAuditedFinclStmtAmt
Donated Services Use Fclts$408,500DonatedServicesUseFcltsAmt
Other Expenses Included$33,083OtherExpensesIncludedAmt
Expenses Not Reported$441,583ExpensesNotReportedAmt
Expenses Subtotal$2,107,762ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$2,107,762TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART V, LINE 4:AS OF JUNE 30, 2024, THE FOUNDATION'S ENDOWMENT CONSISTED OF NINE 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, 2024 AND 2023 DUE TO UNCERTAIN TAX POSITIONS.
PART XI, LINE 4B - OTHER ADJUSTMENTS:FUNDRAISING EXPENSES -33,083.
PART XII, LINE 2D - OTHER ADJUSTMENTS:FUNDRAISING EXPENSES 33,083.

Schedule G IRS990ScheduleG

Fundraising Event Information FundraisingEventInformationGrp

FieldValueIRS element (for citing)
Event1BRIDGE BUILDEREvent1Nm
Gross Receipts Event1$144,355GrossReceiptsEvent1Amt
Charitable Contri Event1$115,484CharitableContriEvent1Amt
Gross Revenue Event1$28,871GrossRevenueEvent1Amt
Other Direct Expenses Event1$32,325OtherDirectExpensesEvent1Amt
Event2ATC 5K RUN/WALKEvent2Nm
Gross Receipts Event2$6,510GrossReceiptsEvent2Amt
Charitable Contri Event2$5,208CharitableContriEvent2Amt
Gross Revenue Event2$1,302GrossRevenueEvent2Amt
Other Direct Expenses Event2$758OtherDirectExpensesEvent2Amt
Gross Receipts Total$150,865GrossReceiptsTotalAmt
Charitable Contributions Tot$120,692CharitableContributionsTotAmt
Gross Revenue Total Events$30,173GrossRevenueTotalEventsAmt
Oth Direct Expnss Total Events$33,083OthDirectExpnssTotalEventsAmt
Direct Expense Summary Events$33,083DirectExpenseSummaryEventsAmt
Net Income Summary-$2,910NetIncomeSummaryAmt

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$1,051,049CashGrantAmt
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
Recipient779RecipientCnt
Cash Grant$781,093CashGrantAmt

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 2023, SHANNON GEORGECINK RECEIVED $28,814 IN COMPENSATION AND BENEFITS FOR SERVICES PROVIDED TO THE FOUNDATION.ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (5 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 IN ACCORDANCE WITH THE CONFLICT OF INTEREST POLICY.
FORM 990, PART VI, SECTION C, LINE 19DOCUMENTS AVAILABLE UPON REQUEST.
FORM 990 PART XII LINE 2CAS NEEDED, THE ORGANIZATION PUTS OUT A REQUEST FOR PROPOSALS FOR AUDITING SERVICES AND MAKES A SELECTION OF A FIRM. THE OVERSIGHT PROCESS HAS NOT CHANGED.

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