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New South Foundation Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 263180594 ✦ Atlanta, GA ✦ Designated as a 501(c)(3)

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Overview

What is New South Foundation Inc?

The New South Foundation Inc, based in Atlanta, Georgia, is a charitable organization that plays a significant role in the non-profit sector. Their primary function involves distributing donations to various other non-profit entities, aligning with their mission. Additionally, they extend financial support through scholarships to deserving students, fostering post-secondary education. The foundation further contributes to other non-profits in Atlanta, sharing their vision and objectives. Overall, the New South Foundation Inc promotes philanthropy and educational advancement within its community.

Is New South Foundation Inc legitimate?

New South Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. New South Foundation Inc submitted a form 990EZ, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

What is the mission statement of New South Foundation Inc?

The New South Foundation, as a charitable organization, distributes donations to other non-profit entities that align with its mission. It also awards scholarships to deserving students to foster post-secondary education. Furthermore, the foundation supports various non-profits by donating funds in accordance with its objective. The New South Foundation's mission primarily revolves around promoting education and offering financial aid, while also contributing to other non-profit organizations that share similar objectives.

Who is the CEO of New South Foundation Inc?

Douglas C Davidson is the President of New South Foundation Inc.

What is the revenue of New South Foundation Inc?

New South Foundation Inc's revenue in 2022 was $100,252.

Who are the executives of New South Foundation Inc and what are their salaries?


Here are 3 key members and their salaries:


Dan Hobson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
James M Harris Iii (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Douglas C Davidson (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990EZ for New South Foundation Inc?

New South Foundation Inc's most recent form 990EZ was submitted in 2022 and can be accessed here.

Mission Statement of New South Foundation Inc

The New South Foundation, a charitable organization, focuses its efforts on distributing donations to various non-profit entities and granting scholarships to deserving students. By doing so, it actively supports and encourages post-secondary education. Additionally, the foundation aligns its donations with its mission, extending its philanthropic reach beyond scholarship programs.

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Impact




October, 2024

New South Foundation Inc significantly impacts the Atlanta community by supporting and promoting post-secondary education. Through the distribution of charitable donations to various nonprofit organizations, the foundation enhances educational opportunities for students who might otherwise face barriers to higher education. By awarding scholarships to selected students, it directly empowers individuals to pursue their academic goals, fostering a culture of learning and growth.

In addition to its scholarship program, New South Foundation contributes to other nonprofits that align with its mission, amplifying its reach and influence in the community. This collaborative approach not only strengthens the educational landscape in Atlanta but also creates a network of support for diverse initiatives aimed at enriching the lives of residents. The foundation's commitment to education ensures that resources are allocated to those who need them most, making a lasting difference in the lives of students and the broader community.




This information is meant to be a general summary of New South Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$100,252 (2022)
Expenses
$73,250 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $752
  • Gross Receipts: $181,938

Assets and Liabilities:

  • Total Assets: $171,414
  • Total Liabilities: $39,990
  • Net Assets: $131,424

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Organization Details

Principal Officer

Douglas C Davidson

Main Address

1180 WEST PEACHTREE STREET 700, ATLANTA, GA, 30309

NTEE Category

Code: B82 - Education

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