Overview
What is Acfb Charitable Investments Inc?
Acfb Charitable Investments Inc is a nonprofit organization based in Atlanta, Georgia, specifically located at 3400 North Desert Drive. Their primary role is to support the Atlanta Community Food Bank (ACFB) by acting as the leverage lender in transactions involving New Markets Tax Credits. Additionally, they manage and hold ACFB's investment portfolio, and may extend loans, grants, and other distributions to various charitable entities to further ACFB's charitable purposes. In essence, Acfb Charitable Investments Inc operates solely for the benefit of the Atlanta Community Food Bank, carrying out its functions and activities as a nonprofit corporation.
What are the reviews and ratings of this charity?
Acfb Charitable Investments Inc is not currently rated by Charity Navigator, primarily because it lacks the necessary Accountability & Finance beacon and Impact & Measurement data required for a rating. This absence does not imply a positive or negative evaluation but reflects the need for more data. Historically, their ratings focused on an early version of Accountability and Finance scores, which are still unavailable for current assessment since the organization only has two years of electronically-filed IRS Form 990 data available.
The nonprofit demonstrates financial transparency with accessible data on total revenue, expenses, and key personnel salaries. High-level executives like Kyle Waide and Debra Shoaf have disclosed salaries, indicating practices of transparency in leadership compensation. Despite some data availability, limitations remain in evaluating the Impact & Measurement, Culture & Community, and Leadership & Adaptability due to insufficient data on organizational impact estimation and strategic planning.
There are no user reviews on GreatNonprofits for Acfb Charitable Investments Inc. Therefore, community and constituent feedback is unavailable, which limits insights into public perception and the organization's day-to-day impact on stakeholders. Additional contributions of constituent feedback data in future assessments would aid in providing a more comprehensive view of this nonprofit’s effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Acfb Charitable Investments Inc legitimate?
Acfb Charitable Investments Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Acfb Charitable Investments 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
What is the mission statement of Acfb Charitable Investments Inc?
Acfb Charitable Investments Inc operates exclusively for the benefit of Atlanta Community Food Bank (ACFB), carrying out its purposes and activities as a charitable entity. Acfb Charitable Investments supports ACFB by acting as the leverage lender in transactions involving New Markets Tax Credits, managing ACFB's investment portfolio, and providing loans, grants, and other distributions furthering ACFB's charitable objectives. The organization's role is essential in enhancing ACFB's financial resources and enabling it to effectively serve its mission of providing food and essential resources to those in need.
Who is the CEO of Acfb Charitable Investments Inc?
Debra Shoaf is the President of Acfb Charitable Investments Inc.
What is the revenue of Acfb Charitable Investments Inc?
Acfb Charitable Investments Inc's revenue in 2022 was $79,424,946.
Who are the executives of Acfb Charitable Investments Inc and what are their salaries?
There 3 volunteers at Acfb Charitable Investments Inc.
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $317,173
- Other: $37,651
- Compensation: $0
- Related: $196,041
- Other: $28,015
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Acfb Charitable Investments Inc?
Acfb Charitable Investments Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Acfb Charitable Investments Inc
ACFB Charitable Investments Inc is an essential entity that operates exclusively to support, carry out, and perform the functions of Atlanta Community Food Bank (ACFB). This charitable organization is dedicated to advancing the objectives and activities of ACFB, a renowned Georgia nonprofit corporation.
At the heart of ACFB Charitable Investments Inc's mission lies its role as a leverage lender in transactions involving New Markets Tax Credits. By extending credit to eligible projects, the organization facilitates economic growth and community development efforts, which ultimately benefits the Atlanta Community Food Bank and the greater community.
Additionally, ACFB Charitable Investments Inc holds and manages ACFB's investment portfolio. Through careful financial management, this organization helps ensure the long-term sustainability and success of Atlanta Community Food Bank's charitable endeavors. Furthermore, ACFB Charitable Investments Inc may make loans, grants, and other distributions to 501(c)(3) charitable entities, furthering ACFB's noble cause.
In summary, ACFB Charitable Investments Inc plays a crucial role in strengthening the Atlanta Community Food Bank's capacity to serve those in need. By engaging in various financial transactions and managing investments, this charitable organization enables the food bank to continue its mission of providing essential resources to individuals and families in Georgia and beyond.
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Impact
October, 2024
Acfb Charitable Investments Inc plays a crucial role in supporting the Atlanta Community Food Bank (ACFB) by enhancing its financial operations and facilitating its mission to combat hunger in the community. By acting as a leverage lender in transactions involving New Markets Tax Credits, the organization helps secure vital funding for ACFB's initiatives.
In addition to managing ACFB's investment portfolio, Acfb Charitable Investments Inc has the capacity to provide loans, grants, and other financial distributions, further strengthening the food bank's ability to serve those in need. This strategic financial support not only amplifies ACFB's operational effectiveness but also enables it to expand its reach and impact in the Atlanta area. Overall, Acfb Charitable Investments Inc is integral in ensuring that resources are available for ACFB's charitable activities, ultimately contributing to the alleviation of food insecurity in the community.
This information is meant to be a general summary of Acfb Charitable Investments 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.
- Investment Income: $428,072
- Gross Receipts: $79,424,946
Assets and Liabilities:
- Total Assets: $76,233,562
- Total Liabilities: $0
- Net Assets: $76,233,562
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Organization Details
Founding Year
2021
Phone
(404) 892-9822Principal Officer
Debra Shoaf
Main Address
3400 NORTH DESERT DRIVE, ATLANTA, GA, 30344
NTEE Category
Code: K11 - Food
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