Overview
What is Georgia Education Foundation Inc?
Georgia Education Foundation Inc, located in Atlanta, Georgia, serves as the educational arm of the Georgia Minority Supplier Development Council Inc (GMSDC). Their primary mission is to offer educational and training opportunities for small business enterprises and emerging entrepreneurs, aiming to foster business growth and create jobs. Through the Mentor-Protege Program, they provide small businesses with a chance to partner with corporate mentors for a year, enabling them to build relationships, explore new technologies, and learn from seasoned executives. This collaboration helps small businesses develop capacity, enhance their skill sets, and become more competitive, ultimately increasing their chances of long-term success. The program has shown to significantly improve the success rate in small businesses, with both mentors and proteges benefitting from the interaction.
Is Georgia Education Foundation Inc legitimate?
Georgia Education Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Georgia Education Foundation Inc submitted a form 990, 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.
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What is the mission statement of Georgia Education Foundation Inc?
Georgia Education Foundation Inc's mission is centered around providing educational and training opportunities for small businesses and emerging entrepreneurs. This aim is to enhance their capacities, driving business growth and the creation of jobs. The foundation administers the Mentor-Protege Program, which offers small Georgia businesses the chance to form partnerships with corporate mentors for a year. This partnership allows emerging firms to build relationships, explore new technologies, learn about best practices, and gain wisdom from corporate executives committed to the long-term success and growth of small businesses. The program's ultimate goal is to help small businesses thrive in the long term by aiding in capacity development, skill enhancement, and competitive edge improvement. Research indicates that the right coaching and mentoring significantly boost the success rate in small businesses, benefiting both the mentor and the protege equally.
Who is the CEO of Georgia Education Foundation Inc?
Michael Robinson is the Board Chairm of Georgia Education Foundation Inc.
What is the revenue of Georgia Education Foundation Inc?
Georgia Education Foundation Inc's revenue in 2022 was $433,021.
Who are the executives of Georgia Education Foundation Inc and what are their salaries?
There 10 volunteers at Georgia Education Foundation Inc.
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Where can I find the form 990 for Georgia Education Foundation Inc?
Georgia Education Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Georgia Education Foundation Inc
Georgia Education Foundation Inc is dedicated to offering educational and training opportunities to small business enterprises and emerging entrepreneurs, with the ultimate goal of fostering business growth and creating job opportunities. Their mission is to help these businesses develop the necessary capacity, enhance their skill sets, and become more competitive in the market. The Foundation achieves this through their Mentor-Protege Program, a business development initiative that pairs small Georgia-based businesses with corporate mentors for a year-long partnership. This partnership allows emerging firms to build relationships, explore new technologies, learn from best practices, and gain insights from corporate executives committed to their long-term success. The program aims to assist small businesses in achieving sustainable growth by providing coaching, mentoring, and opportunities to learn from industry leaders.
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Impact
October, 2024
Georgia Education Foundation Inc significantly enhances the landscape for small businesses in Georgia through its Mentor-Protégé Program. This business development initiative pairs emerging firms with experienced corporate mentors for a one-year partnership, fostering an environment where new entrepreneurs can thrive. Participants build critical relationships, gain insights into innovative technologies, and learn industry best practices, all while benefiting from the guidance of seasoned corporate executives committed to their long-term success.
The Foundation's focus on capacity building equips small businesses with the necessary skills and tools to become more competitive in the marketplace. By prioritizing education and training, it drives business growth and aims to create job opportunities, thereby contributing to the economic vitality of the region. Research indicates that effective coaching and mentoring are essential for increasing the success rate of small businesses, and both mentors and protégés experience significant mutual benefits from their collaborative efforts.
This information is meant to be a general summary of Georgia Education 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Program Service Revenue: $23,000
- Gross Receipts: $433,021
Assets and Liabilities:
- Total Assets: $216,445
- Total Liabilities: $8,121
- Net Assets: $208,324
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM
Revenue
$23,000
Organization Details
Founding Year
2012
Phone
(404) 589-4929Principal Officer
Michael Robinson
Main Address
759 W PEACHTREE ST 107, ATLANTA, GA, 303081195
NTEE Category
Code: S02 - Community improvement
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