2023-11-15T12:02:57-06:00 2022-12-31 454084437 WARREN AVERETT LLC SIX CONCOURSE PARKWAY SUITE 600 ATLANTA GA 30328 990 2022-01-01 582204306 EAST LAKE FOUNDATIONINC EAST 4043734351 2606 ALSTON DRIVE ATLANTA GA 30317 ILHAM ASKIA PRESIDENT 4043734351 2023-11-13 1 ILHAM ASKIA 999009999 0 V ALEXANDER LARSON P00784095 7703961100 2023-11-13 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z ILHAM ASKIA 2606 ALSTON DRIVE ATLANTA GA 30317 20126683 0 X WWW.EASTLAKEFOUNDATION.ORG X 1995 GA THE EAST LAKE FOUNDATION COLLABORATES WITH THE VILLAGES OF EAST LAKE RESIDENTS NEIGHBORHOOD IN ATLANTA, GEORGIA, CHARLES R. DREW CHARTER SCHOOL FAMILIES, AND OTHER KEY SERVICE PROVIDERS TO ENSURE EVERY MEMBER OF OUR COMMUNITY HAS EQUITABLE ACCESS TO THE RESOURCES, TOOLS AND SUPPORTS NEEDED TO THRIVE. 19 19 14 122 0 0 30264836 11113324 0 0 363212 -155298 -217548 894727 30410500 11852753 3766418 2121796 0 0 950538 799217 0 0 707356 2683284 9736184 7400240 12657197 23010260 -804444 69998744 68536747 1910247 1983637 68088497 66553110 X THE EAST LAKE FOUNDATION ("THE ORGANIZATION OR "ELF") PROVIDES THE TOOLS FOR FAMILIES OF THE VILLAGES OF EAST LAKE NEIGHBORHOOD IN ATLANTA, GEORGIA, AND STUDENTS OF CHARLES R. DREW CHARTER SCHOOL, LOCATED IN THE SAME NEIGHBORHOOD, TO BUILD A BETTER LIFE FOR THEMSELVES AND FUTURE GENERATIONS THROUGH EDUCATION, MIXED-INCOME HOUSING, AND COMMUNITY WELLNESS. 0 0 10792137 1824322 STUDENT SUPPORT PROGRAM - PROVIDED AFTER SCHOOL PROGRAMS AND ADMINISTRATIVE SUPPORT TO STUDENTS OF DREW CHARTER SCHOOL AND EAST LAKE COMMUNITY. 673234 297474 RESIDENT AND COMMUNITY SUPPORT PROGRAM SUPPORTS THE FAMILIES IN THE EAST LAKE COMMUNITY THROUGH ECONOMIC STABILITY AND COMMUNITY ENGAGEMENT PROGRAMMING. 11465371 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 1 0 0 0 0 0 0 1 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 1 16 0 14 1 0 0 0 0 0 0 0 0 0 0 0 0 X 19 19 1 0 1 0 0 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 GA X MEISHA WHITE 4049744513 2606 ALSTON DRIVE ATLANTA GA 30317 CATHERINE H WOODLING SECRETARY 40.00 X 166361 0 15617 MEISHA WHITE TREASURER 40.00 X 126034 0 28201 ILHAM ASKIA PRESIDENT & CEO 10.00 X 61174 0 1937 DANIEL SHOY JR IMMEDIATE PAST PRESIDENT 40.00 X 24434 0 2445 CHRIS WOMACK CHAIR 1.00 X 0 0 0 PHIL JACOBS VICE CHAIR 1.00 X 0 0 0 ALEX ROBERTSON BOARD MEMBER 1.00 X 0 0 0 CHARLES PALMER BOARD MEMBER 1.00 X 0 0 0 CHERYL LOMAX BOARD MEMBER 1.00 X 0 0 0 CURLEY DOSSMAN BOARD MEMBER 1.00 X 0 0 0 GERALD RENDER BOARD MEMBER 1.00 X 0 0 0 JOHN BREWER BOARD MEMBER 1.00 X 0 0 0 JOHN R FRAZER BOARD MEMBER 1.00 X 0 0 0 JOYCE RETO BOARD MEMBER 1.00 X 0 0 0 LILLIAN COUSINS GIORNELLI BOARD MEMBER 1.00 X 0 0 0 MARILYN MACK BOARD MEMBER 1.00 X 0 0 0 MARK LAZARUS BOARD MEMBER 1.00 X 0 0 0 MARK RAHIYA BOARD MEMBER 1.00 X 0 0 0 ONOME OKUMA BOARD MEMBER 1.00 X 0 0 0 RAY M ROBINSON BOARD MEMBER 1.00 X 0 0 0 ROBERT L JOHNSTON BOARD MEMBER 1.00 X 0 0 0 SARA PRINCE BOARD MEMBER 1.00 X 0 0 0 THOMAS G COUSINS BOARD MEMBER 1.00 X 0 0 0 378003 0 48200 2 0 1 0 0 184000 10929324 7026125 11113324 216049 216049 7578646 7949993 -371347 -371347 -371347 1218454 184000 323937 894517 894517 MISCELLANEOUS INCOME 611110 210 210 210 11852753 210 0 739219 2115245 2115245 6551 6551 378003 154199 36142 187662 228986 93410 21894 113682 27305 7108 10622 9575 100131 27649 45914 26568 64792 23082 23328 18382 43317 43317 43758 43758 231991 9395 114053 108543 11002 1276 9726 39342 3027 29694 6621 7378022 7202513 49604 125905 33829 107 33722 12239 7500 750 3989 1523889 1523769 120 38619 38619 STUDENT SUPPORT PROGRAM 251510 251510 OTHER EXPENSES 58735 20923 9348 28464 PRIZES & AWARDS 39765 5248 34517 MEALS & ENTERTAINMENT 29644 12836 16808 522 130 392 12657197 11465371 484470 707356 1634796 1645939 1075088 799921 2157272 1473000 194816 134454 500000 500000 2200 1037 58024160 4539730 55007014 53484430 9427558 10497966 69998744 68536747 271872 359011 1500000 1500000 138375 124626 1910247 1983637 X 65870047 64601588 2218450 1951522 68088497 66553110 69998744 68536747 -804444 -730943 0 X 0 1 X 1 0 X 4453166 4592018 3616039 30278030 10929324 53868577 4453166 4592018 3616039 30278030 10929324 53868577 5149410 48719167 375494 397519 413389 219863 216049 1622314 24200 56810 9247 1567 210 92034 55582925 213940 0.87650 0.80790 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 12217150 12217150 45690602 4424773 41265829 116408 114957 1451 53484430 DUE TO AFFILIATED PARTY 124626 124626 EAST LAKE INVITATIONAL 474978 184000 290978 34367 54811 53404 PARTY ON THE GREEN 927476 0 927476 96364 84991 1402454 184000 1218454 34367 151175 53404 84991 323937 894517 1 EAST LAKE FAMILY YMCA 301 EAST LAKE BOULEVARD ATLANTA GA 30317 580566253 501(C)(3) 0 805855 OPERATIONAL SUPPORT DREW CHARTER SCHOOL 301 EAST LAKE BOULEVARD ATLANTA GA 30317 582528098 501(C)(3) 0 733876 OPERATIONAL SUPPORT THE SHELTERING ARMS 385 CENTENNIAL OLYMPIC PARK DRIVE ATLANTA GA 30313 580566236 501(C)(3) 0 160000 OPERATIONAL SUPPORT FIRST TEE - METRO ATLANTA 1053 CASCADE CIRCLE SW ATLANTA GA 30311 582414794 501(C)(3) 0 154520 OPERATIONAL SUPPORT ATLANTA LAND TRUST 3445 PEACHTREE RD NE SUITE 175 ATLANTA GA 30326 880801517 501(C)(3) 0 100000 OPERATIONAL SUPPORT ATLANTA SPEECH SCHOOL 3160 NORTHSIDE PARKWAY NW ATLANTA GA 30327 580566198 501(C)(3) 0 85000 OPERATIONAL SUPPORT GEORGIA STATE UNIVERSITY PO BOX 4040 ATLANTA GA 30302 586033185 501(C)(3) 0 75994 OPERATIONAL SUPPORT PART I, LINE 2: ELF PROVIDES GRANTS TO NONPROFIT ORGANIZATIONS ACTIVELY SERVING THE EAST LAKE FOUNDATION'S TARGET POPULATION (RESIDENTS IN THE VILLAGES OF EAST LAKE AND CHILDREN ATTENDING CHARLES R. DREW CHARTER SCHOOL) IN THE EAST LAKE COMMUNITY. NONPROFIT ORGANIZATIONS INTERESTED IN PARTNERING WITH THE EAST LAKE FOUNDATION REQUEST ASSISTANCE AFTER WHICH THE ORGANIZATION'S PRESIDENT AND/OR CHIEF OPERATING OFFICER REVIEWS THE REQUEST AND APPROVES OR DECLINES IT FOR GRANT FUNDING. ALL APPROVED GRANTS ARE REGULARLY MONITORED AND THE GRANTEE ORGANIZATION PROVIDES REGULAR REPORTS THROUGHOUT THE LIFE OF THE GRANT. X X 0 0 0 0 0 0 0 1 0 CATHERINE H WOODLING SECRETARY 151161 0 15200 0 0 0 6401 0 9216 0 181978 0 0 0 MEISHA WHITE TREASURER 114576 0 11458 0 0 0 5041 0 23160 0 154235 0 0 0 PART I, LINE 7 DISCRETIONARY BONUSES ARE AWARDED TO OFFICERS BASED ON ANNUAL PERFORMANCE. THESE BONUSES ARE TREATED AS TAXABLE COMPENSATION REPORTABLE ON THE FORMS W-2 AND FORM 990. X 1 90543 FMV 0 0 1 0 FORM 990, PART VI, SECTION A, LINE 2 THOMAS G. COUSINS - BOARD MEMBER LILLIAN GIORNELLI - BOARD MEMBER FAMILY RELATIONSHIP FORM 990, PART VI, SECTION A, LINE 4 THE BYLAWS OF EAST LAKE FOUNDATION, INC, WERE AMENDED AND RESTATED IN NOVEMBER OF 2022 TO ADDRESS THE NUMBER OF DIRECTORS ON AND THE COMPOSITION OF THE ORGANIZAITON'S BOARD OF DIRECTORS, AMONG OTHER MATTERS. SCHEDULE O DISCLOSURE FOR PART VI, SECTION A, LINE 7A (BELOW) HAS BEEN UPDATED TO REFLECT THE AMENDED AND RESTATED BYLAWS OF THE ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 7A THE AMENDED AND RESTATED BYLAWS OF THE ORGANIZATION STATE THE FOLLOWING WITH RESPECT TO THE ORGANIZATION'S REGULAR BOARD OF DIRECTORS. ALL REFERENCES TO THE "CORPORATION" IN THE BYLAWS LANGUAGE BELOW ARE TO THE FILING ORGANIZATION, AND THE CF FOUNDATION, INC., MENTIONED BELOW IS ANOTHER SEC. 501(C)(3) ORGANIZATION, EIN 58-1743909. "THE REGULAR BOARD OF DIRECTORS SHALL CONSIST OF NO FEWER THAN SEVEN MEMBERS AND AS MANY AS 20 MEMBERS, EITHER ELECTED OR APPOINTED, WHO SHALL BE SELECTED IN THE MANNER PRESCRIBED IN THESE BYLAWS. AS MANY AS 50% LESS ONE (MINORITY) OF THE MEMBERS OF THE REGULAR BOARD OF DIRECTORS OF THE CORPORATION CAN BE PERSONS WHO ARE APPOINTED BY THE BOARD OF DIRECTORS OF CF FOUNDATION, INC.; AND ALL OTHER DIRECTORS SHALL BE PERSONS WHO ARE APPOINTED BY THE BOARD OF DIRECTORS OF THE CORPORATION. MEMBERS OF THE REGULAR BOARD OF DIRECTORS OF THE CORPORATION SHALL ALWAYS INCLUDE THE CHAIR OF THE CORPORATION, TOGETHER WITH SUCH OTHER DIRECTORS AS MAY BE APPOINTED FROM TIME TO TIME IN ACCORDANCE WITH THESE BYLAWS. THE BOARD OF DIRECTORS IS AUTHORIZED TO FIX THE PRECISE NUMBER OF DIRECTORS BY RESOLUTION ADOPTED FROM TIME TO TIME BY A MAJORITY OF ALL THE DIRECTORS THEN IN OFFICE. AFTER SERVING ON THE BOARD OF DIRECTORS, INDIVIDUALS MAY BE AUTHORIZED BY THE BOARD OF DIRECTORS TO TAKE THE ROLE OF BOARD MEMBER EMERITUS, A POSITION WHICH IS NOT INCLUDED IN COUNTING MEMBERS OF THE REGULAR BOARD OF DIRECTORS. A BOARD MEMBER EMERITUS MAY ATTEND THE ANNUAL MEETING AND EVENTS OF INTEREST TO HIM/HER BUT SHALL HAVE NO COMMITTEE RESPONSIBILITIES." WITH THE RESPECT TO THE MANNER OF APPOINTMENT AND THE TERM OF OFFICE, THE AMENDED AND RESTATED BYLAWS STIPULATE THAT "EACH DIRECTOR MAY SERVE TWO THREE-YEAR TERMS, AND IF INTERESTED CAN SERVE A THIRD THREE-YEAR TERM AFTER A ONE-YEAR HIATUS ON THE BOARD OF ADVISORS. EACH DIRECTOR MAY TAKE OFFICE AS OF THE EFFECTIVE DATE OF HIS OR HER APPOINTMENT AND SHALL CONTINUE IN OFFICE FOR A TERM OF NOT MORE THAN THREE YEARS, AS DETERMINED BY THE BOARD OF DIRECTORS, AND THEREAFTER UNTIL HIS OR HER SUCCESSOR SHALL HAVE BEEN ELECTED AND QUALIFIED OR UNTIL HIS OR HER EARLIER DEATH, RESIGNATION, RETIREMENT, DISQUALIFICATION, OR REMOVAL. THE TERMS OF THE DIRECTORS SHALL BE STAGGERED SO THAT THE TERMS OF NO MORE THAN APPROXIMATELY ONE-THIRD ARE EXPIRING IN ANY ONE YEAR." FINALLY, REGARDING THE REMOVAL OF DIRECTORS AND THE VACANCIES ON THE BOARD OF DIRECTORS, THE AMENDED AND RESTATED BYLAWS PROVIDE THAT "ANY DIRECTOR APPOINTED BY THE BOARD OF DIRECTORS OF CF FOUNDATION, INC. MAY BE REMOVED, EITHER FOR OR WITHOUT CAUSE, BY THE BOARD OF DIRECTORS OF CF FOUNDATION, INC.; AND ANY DIRECTOR ELECTED BY THE BOARD OF DIRECTORS OF THE CORPORATION MAY BE REMOVED, EITHER FOR OR WITHOUT CAUSE, BY THE BOARD OF DIRECTORS OF THE CORPORATION. A REMOVED DIRECTOR'S SUCCESSOR MAY BE APPOINTED AT THE SAME TIME BY THE APPOINTING AUTHORITY, THAT IS, BY THE BOARD OF DIRECTORS OF CF FOUNDATION, INC. OR BY THE BOARD OF DIRECTORS OF THE CORPORATION, AS THE CASE MAY BE." "ANY VACANCY IN THE BOARD OF DIRECTORS ARISING AT ANY TIME AND FROM ANY CAUSE, INCLUDING THE AUTHORIZATION OF AN INCREASE IN THE NUMBER OF DIRECTORS, MAY BE FILLED BY THE BOARD OF DIRECTORS OF CF FOUNDATION, INC. OR BY THE BOARD OF DIRECTORS OF THE CORPORATION, AS THE CASE MAY BE, IN ACCORDANCE WITH THE PROVISIONS... [STATED ABOVE]. EACH DIRECTOR SO APPOINTED SHALL HOLD OFFICE UNTIL HIS OR HER SUCCESSOR HAS BEEN ELECTED AND HAS QUALIFIED, OR UNTIL HIS OR HER EARLIER DEATH, RESIGNATION, RETIREMENT, REMOVAL, OR DISQUALIFICATION." FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION'S PRESIDENT AND CEO AND DIRECTOR OF FINANCE AND OPERATIONS REVIEW THE FORM 990 PREPARED BY AND IN CONSULTATION WITH WARREN AVERETT, OUR CPAS AND ADVISORS. THE FINANCE AND AUDIT COMMITTEE REVIEWS THE FORM 990 AND APPROVES IT FOR FURTHER CONSIDERATION BY AND REVIEW OF THE BOARD. ONCE THE FULL BOARD OF DIRECTORS REVIEWS THE FORM 990, IT IS FILED WITH THE IRS AND OTHER STATE AND REGULATORY AUTHORITIES. FORM 990, PART VI, SECTION B, LINE 12C AS PART OF THE ANNUAL REVIEW, EMPLOYEES ARE ASKED TO REVIEW AND ACKNOWLEDGE THAT THEY HAVE READ AND AGREE TO THE POLICY. FORM 990, PART VI, SECTION B, LINE 15 A SALARY SURVEY IS COMPLETED EACH YEAR FOR ALL OFFICERS OF THE ORGANIZATION TO ENSURE COMPENSATION IS IN LINE WITH COMPENSATION PAID BY SIMILARLY-SITUATED ORGANIZATIONS. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST AND AS REQUIRED BY THE INTERNAL REVENUE CODE OR THE TREASURY REGULATIONS. EDUCATIONAL REAL ESTATE LLC 3445 PEACHTREE ROAD NE STE 175 ATLANTA GA 30326 461801317 OWNERSHIP OF A SEC. 501(C)(3) JR. AND SR. ACADEMY GA 55165822 EAST LAKE FOUNDATION INC EDUCATIONAL REAL ESTATE II LLC 3445 PEACHTREE ROAD NE STE 175 ATLANTA GA 30326 HOLDS LEASES OF REAL PROPERTY GA 0 EAST LAKE FOUNDATION INC EAST LAKE HOUSING CORPORATION 3445 PEACHTREE RD NE STE 175 ATLANTA GA 30326 582248791 REAL ESTATE DEVELOPMENT GA 501(C)(3) LINE 10 EAST LAKE FOUNDATION INC 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 SCHEDULE R PART II ELHC BOARD IS APPOINTED BY THE BOARD OF ELF. DANIEL SHOY AND LILLIAN GIORNELLI SIT ON THE ELHC BOARD.