Georgia Fund For Education Inc in Atlanta, Georgia (GA)
Table of contents:
- Overview
- Detailed Reports
- Analysis of Revenue and Expenses
- Balance Sheets
- Capital Gains and Losses for Tax on Investment Income
- Excise Tax Based on Investment Income
- Statements Regarding Activities
- Statements Regarding Activities for Which Form 4720 May Be Required
- Minimum Investment Return
- Distributable Amount
- Undistributed Income
- Private Operating Foundations
- Organizations performing similar types of work
| Georgia Fund For Education Inc | |
| Employer Identification Number (EIN) | 586066403 |
| Name of Organization | Georgia Fund For Education Inc |
| Address | 270 Peachtree St, Atlanta, GA 30303-1283 |
| Activities | Other school related activities |
| Subsection | Charitable Organization |
| Ruling Date | 09/1967 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2011 |
| Assets | $25,000 to $99,999 |
| Income | $1 to $9,999 |
| Filing Requirement | 990 - Not required to file (all other) (990-PF required) |
| Asset Amount | $78,585 |
| Amount of Income | $184 |
| Form 990 Revenue Amount | $184 |
| National Taxonomy of Exempt Entities (NTEE) | Educational Institutions and Related Activities: |
Non-representatives - add comments:
Amount of income in 2011: $184 (it was $241 in 2010)
| This organization: | $184 |
| Other organizations performing similar types of work: | $288,921 |
Assets in 2011: $78,585 (it was $80,437 in 2010)
| This organization: | $78,585 |
| Other organizations performing similar types of work: | $1,398,360 |
Expenses in 2011: $2,036
| This organization: | $2,036 |
| Other organizations performing similar types of work: | $212,164 |
Income to expenses ratio in 2011: 0.1
| Georgia Fund For Education Inc: | 0.1 |
| Other organizations performing similar types of work: | 1.7 |
| Analysis of Revenue and Expenses (for 2011) | ||||
| Revenue and expenses per books | Net investment income | Adjusted net income | Disbursements for charitable purposes (cash basis only) | |
|---|---|---|---|---|
| Total revenue | $184 | $184 | $184 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $184 | |||
| Dividends and interest from securities | $0 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Total expenses and disbursements | $2,036 | $0 | $0 | $0 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $2,036 | $0 | $0 | |
| Contributions, gifts, grants paid | $0 | |||
| Excess of revenue over expenses and disbursements | $-1,852 | |||
| Net investment income | $184 | |||
| Adjusted net income | $184 | |||
| Balance Sheets (for 2011) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $78,585 | $78,585 |
| Cash - non-interest-bearing | $78,585 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Total liabilities | $1 | |
| Mortgages and other notes payable | $0 | |
| Other | $1 | |
| Total liabilities and net assets/fund balances | $78,585 | |
| Capital Gains and Losses for Tax on Investment Income (for 2011) | |
| Capital gain net income | $0 |
| Net capital loss | $0 |
| Excise Tax Based on Investment Income (for 2011) | |
| Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income) | No |
| Tax based on investment income | $4 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $4 |
| Amount to be credited to 2012 estimated tax | $0 |
| Statements Regarding Activities (for 2011) | |
| During the tax year, did the foundation attempt to influence any national, state, or local legislation or did it participate or intervene in any political campaign? | No |
| Was there a liquidation, termination, dissolution, or substantial contraction during the year? | No |
| Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942(j)(5) for calendar year 2011 or the taxable year beginning in 2011? | No |
| Statements Regarding Activities for Which Form 4720 May Be Required (for 2011) | |
| During the year did the foundation (either directly or indirectly): | |
| Engage in the sale or exchange, or leasing of property with a disqualified person? | No |
| Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person? | No |
| Furnish goods, services, or facilities to (or accept them from) a disqualified person? | No |
| Pay compensation to, or pay or reimburse the expenses of, a disqualified person? | No |
| Transfer any income or assets to a disqualified person (or make any of either available for the benefit or use of a disqualified person)? | No |
| Agree to pay money or property to a government official? | No |
| At the end of tax year 2011, did the foundation have any undistributed income for tax year(s) beginning before 2011? | No |
| Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year? | No |
| Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes? | No |
| During the year did the foundation pay or incur any amount to: | |
| Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? | No |
| Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive? | No |
| Provide a grant to an individual for travel, study, or other similar purposes? | No |
| Provide a grant to an organization other than a charitable, etc., organization described in section 509(a)(1), (2), or (3), or section 4940(d)(2)? | No |
| Provide for any purpose other than religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals? | No |
| Minimum Investment Return (for 2011) | |
| Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes | $80,105 |
| Net value of noncharitable-use assets | $78,900 |
| Minimum investment return | $3,945 |
| Distributable Amount (for 2011) | |
| Distributable amount | $3,941 |
| Undistributed Income (for 2011) | |
| Distributable amount for 2011 | $3,941 |
| Undistributed income for 2011. This amount must be distributed in 2012 | $1,761 |
| Private Operating Foundations (for 2011) | |||||
| 2011 | 2010 | 2009 | 2008 | Total | |
|---|---|---|---|---|---|
| The lesser of the adjusted net income or the minimum investment return | $0 | $0 | $0 | $0 | $0 |
| Qualifying distributions made directly for active conduct of exempt activities | $0 | $0 | $0 | $0 | $0 |
| Value of all assets | $0 | $0 | $0 | $0 | $0 |
| Value of assets qualifying under section 4942(j)(3)(B)(i) | $0 | $0 | $0 | $0 | $0 |
| 2/3 of minimum investment return | $0 | $0 | $0 | $0 | $0 |
| Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) | $0 | $0 | $0 | $0 | $0 |
| Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii) | $0 | $0 | $0 | $0 | $0 |
| Gross investment income | $0 | $0 | $0 | $0 | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Kirkpatrick Jordan Foundation Inc | 1867 W 1st Ave, Columbus, OH 43212-3219 | OH | 1971-06 | $14,230,020 |
| 2 | Pricewaterhouse Coopers Charitable Foundation | 300 Madison Ave, New York, NY 10017-6232 | NY | 1949-10 | $12,934,631 |
| 3 | Archie Tonge Education Fund | PO BOX 700, Angwin, CA 94508-0700 | CA | 1968-06 | $10,060,787 |
| 4 | Results Educational Fund Inc | 1101 15th St Nw Ste 1200, Washington, DC 20005-5008 | DC | 1983-05 | $5,201,530 |
| 5 | Covenant Foundation | 1270 Ave Of The Americas, New York, NY 10020-1700 | NY | 1991-07 | $3,715,081 |
| 6 | Muessel-Ellison Memorial Trust Foundation | 1 W 4th St 4th Fl Mac D4000-041, Winston Salem, NC 27101-3818 | NC | 1968-12 | $1,259,650 |
| 7 | West Virginia Independent Colleges And Universities Inc | 1411 Virginia St E Ste 100, Charleston, WV 25301-3086 | WV | 1953-10 | $1,038,318 |
| 8 | Long Beach Education Foundation | 1515 Hughes Way, Long Beach, CA 90810-1865 | CA | 1989-09 | $968,386 |
| 9 | Healdsburg Education Foundation | PO BOX 1668, Healdsburg, CA 95448-1668 | CA | 1986-01 | $855,420 |
| 10 | South Christian High School Foundation | 160 68th St Sw, Grand Rapids, MI 49548-7114 | MI | 1990-12 | $338,411 |
| 11 | Richard Myles Johnson Foundation | 2855 E Guasti Rd Ste 600, Ontario, CA 91761-1250 | CA | 1966-10 | $291,749 |
| 12 | Washington Union Educational Fndn | 820 Park Row 473, Salinas, CA 93901-2406 | CA | 1985-01 | $282,587 |
| 13 | Waterford Foundation For Public Education | 2306 Airport Rd, Waterford, MI 48327-1209 | MI | 1984-07 | $145,266 |
| 14 | Georgia Fund For Education Inc | 270 Peachtree St, Atlanta, GA 30303-1283 | GA | 1967-09 | $184 |
| 15 | Aaron Brown Education Foundation | 250 E Liberty St Ste 610, Louisville, KY 40202-1536 | KY | 1945-06 | $0 |
| 16 | Anchorage Public Education Foundation Inc | 2500 Brown Williamson Tower, Louisville, KY 40202-3429 | KY | 1989-11 | $0 |
| 17 | Educational Research Foundation Inc | PO BOX 3424, Lafayette, LA 70502-3424 | LA | 1985-09 | $0 |
| 18 | Friends Of Nachliel Inc | 452 Ogden Avenue, Teaneck, NJ 07666 | NJ | 1983-10 | $0 |
| 19 | Great Expectations Education Project Inc | 1 Commercial Plz, Hartford, CT 06103-3509 | CT | 1992-10 | $0 |
| 20 | Stephen D Peterson Conservation Fund Co Paul E Quinn Cpa | 575 E Locust Suite 102, Fresno, CA 93720 | CA | 1987-04 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||
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| Total | 30 | ||||||||||||||||||||||||||||||||||||||||
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