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Georgia Cities Foundation Inc

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

EIN: 582475939 ✦ Atlanta, GA ✦ Designated as a 501(c)(3)

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Overview

What is Georgia Cities Foundation Inc?

Georgia Cities Foundation Inc, located in Atlanta, Georgia, is a nonprofit organization dedicated to aiding city development efforts. Their primary mission is to revitalize and enhance underserved downtown areas by partnering and facilitating capital project funding. They operate through a revolving loan program, which provides loans based on leadership, accountability, long-term sustainability, and potential for private investment. The projects funded by this program encourage spin-off development, create jobs, promote downtown housing, and contribute to the cultural enrichment of the community.


Official website here: www.georgiacitiesfoundation.org

Is Georgia Cities Foundation Inc legitimate?

Georgia Cities Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Georgia Cities 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.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.georgiacitiesfoundation.org

What is the mission statement of Georgia Cities Foundation Inc?

The Georgia Cities Foundation Inc's mission revolves around assisting cities in revitalizing and enhancing underserved downtown areas. They act as a partner and facilitator, providing funding for capital projects through a revolving loan fund. The development loan program offers loans based on factors such as leadership, accountability, long-term sustainability, and potential for private investment. The projects encouraged by this foundation aim to stimulate spin-off development, create jobs, promote downtown housing, and contribute to the cultural enrichment of the community.


Official website here: www.georgiacitiesfoundation.org

Who is the CEO of Georgia Cities Foundation Inc?

Larry Hanson is the President of Georgia Cities Foundation Inc.


Official website here: www.georgiacitiesfoundation.org

What is the revenue of Georgia Cities Foundation Inc?

Georgia Cities Foundation Inc's revenue in 2022 was $329,522.


Official website here: www.georgiacitiesfoundation.org

Who are the executives of Georgia Cities Foundation Inc and what are their salaries?


Here are 16 key members and their salaries:


Pam Sessions (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Larry Hanson (Secretary/Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bo Chance (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Elyse Davis (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Christopher Nunn (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Cathy Cox (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
William Floyd (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Hardman (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Laura Heery (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Walter R Huntley Jr (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Emory Morsberger (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Paul Seefried (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jimmy Tallent (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Randy Cardoza (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brandon Riddick-Seals (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Cathryn Houchins (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.georgiacitiesfoundation.org

Where can I find the form 990 for Georgia Cities Foundation Inc?

Georgia Cities Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.georgiacitiesfoundation.org

Learn more at the official website: www.georgiacitiesfoundation.org

Mission Statement of Georgia Cities Foundation Inc

Georgia Cities Foundation Inc is committed to aiding cities in their community development endeavors. Its mission is to revitalize and enhance underserved downtown areas by serving as a partner and facilitator in funding capital projects. The organization accomplishes this through a revolving loan fund, providing loans based on factors such as leadership, accountability, long-term sustainability, and potential for private investment. The projects funded by Georgia Cities Foundation Inc encourage spin-off development, create employment opportunities, promote downtown housing, and contribute to the cultural enrichment of the community. The foundation's work is instrumental in revitalizing and enhancing urban areas, making them more vibrant and sustainable for the communities they serve.

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Impact




October, 2024

Georgia Cities Foundation Inc plays a pivotal role in revitalizing and enhancing underserved downtown areas across Georgia. By partnering with cities, it facilitates funding for critical capital projects and provides necessary training and technical assistance. The Development Revolving Loan Program, which focuses on leadership, accountability, long-term sustainability, and private investment potential, enables municipalities to access the resources they need for community development.

This approach encourages spin-off development, leading to job creation, the promotion of downtown housing, and the enrichment of local culture. Through its efforts, the foundation not only strengthens the economic landscape of Georgia's cities but also fosters vibrant community spaces that benefit residents and visitors alike. The foundation's impact resonates through improved downtown vitality, increased private investments, and enhanced quality of life for community members.




This information is meant to be a general summary of Georgia Cities 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
$329,522 (2022)
Expenses
$859,850 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $1,430
  • Program Service Revenue: $298,092
  • Gross Receipts: $329,522

Assets and Liabilities:

  • Total Assets: $17,782,499
  • Total Liabilities: $1,126,852
  • Net Assets: $16,655,647

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

LOAN INTEREST

Revenue

$285,160

CONFERENCES

Revenue

$9,500

LOAN ORIGINATION FEES

Revenue

$3,182

APPLICATION FEES

Revenue

$250

Organization Details

Founding Year

1999

Principal Officer

Larry Hanson

Main Address

201 PRYOR STREET SW, ATLANTA, GA, 303033606

NTEE Category

Code: S31 - Community improvement

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