2024-05-15T14:49:45-05:00 2023-06-30 580692043 MAULDIN & JENKINS LLC 200 GALLERIA PKWY SE STE 1700 ATLANTA GA 303395946 990 2022-07-01 582582973 ATLANTA TECHNICAL COLLEGE FOUNDATION INCORPORATED ATLA 4042254648 1560 METROPOLITAN PARKWAY ATLANTA GA 30310 SHANNON GEORGECINK EXECUTIVE DIRECTOR 4042254648 2024-05-15 1 SHANNON GEORGECINK XXX-XX-XXXX 1 ALEISA HOWELL P00936721 7709558600 2024-05-15 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z SHANNON GEORGECINK 1560 METROPOLITAN PARKWAY ATLANTA GA 30310 1910674 0 X N/A X 2000 GA SEE SCHEDULE O FOR A COMPLETE DESCRIPTION.THE ATLANTA TECHNICAL COLLEGE FOUNDATION WAS FOUNDED IN 1999 UNDER THE LEADERSHIP OF CHAIRPERSONS JOSEPH JOHNSON AND CAROLYN YOUNG. A 501(C)(3) NON-PROFIT, THE ATLANTA TECHNICAL COLLEGE FOUNDATION'S MISSION IS TO PROVIDE SUPPORT TO ATLANTA TECHNICAL COLLEGE AND THE PROGRAMS AND ACTIVITIES CARRIED OUT BY THE COLLEGE. ITS PURPOSE IS TO ACQUIRE, RETAIN, INVEST AND ADMINISTER FUNDS EXCLUSIVELY FOR THE BENEFIT OF ATLANTA TECHNICAL COLLEGE. SINCE ITS INCEPTION, THE ATLANTA TECHNICAL COLLEGE FOUNDATION HAS FOCUSED ON THE MAJOR GOALS OF RESOURCE DEVELOPMENT, RELATIONSHIP BUILDING, AND FINANCIAL MANAGEMENT OF RESOURCES. 15 15 1 15 0 0 1733155 1693234 0 0 89094 9319 -19585 8609 1802664 1711162 101005 1547461 0 0 0 0 0 0 16515 116130 170615 217135 1718076 1585529 -6914 7064246 7278668 1121673 1123117 5942573 6155551 TO SUPPORT ATLANTA TECHNICAL COLLEGE STUDENTS THROUGH TUITION SCHOLARSHIPS AND OTHER CONTRIBUTIONS. 0 0 1629753 1547461 THE ACTIVITIES OF THE ATLANTA TECHNICAL COLLEGE FOUNDATION PROVIDED HANDS-ON TRAINING OPPORTUNITIES TO A STUDENT SIZE OF OVER 4000. NEEDS-BASED AND ACADEMIC-BASED SCHOLARSHIPS ARE GIVEN EACH QUARTER TO STUDENTS TO SUPPLEMENT EXPENSES RELATED TO THE COST OF THEIR ATTENDANCE AT ATC. THE FOUNDATION PROVIDES ATC STUDENTS WITH IMMEDIATE FUNDING TO MEET UNUSUAL AND UNEXPECTED EXPENSES BEYOND THE ORDINARY EDUCATIONAL EXPENSES MET THROUGH FINANCIAL AID. THESE TYPES OF EXPENSES (E.G. TRANSPORTATION, MEDICAL, AND CHILD CARE) OFTEN SERVE AS BARRIERS TO GRADUATION. 1629753 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 X 1 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 X 15 15 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 GA X THE ORGANIZATION 4042254650 1560 METROPOLITAN PARKWAY ATLANTA GA 30310 SHANNON GEORGECINK EXECUTIVE DIRECTOR 8.00 X 21000 0 7235 CONSTANCE MACK CHAIR 8.00 X X 0 0 0 MICHAEL WATSON II VICE CHAIR 1.00 X X 0 0 0 ROBERT PERKINS TREASURER 4.00 X X 0 0 0 DETRA REID ASST. TREASURER 4.00 X X 0 0 0 ALEXIS STEWART SECRETARY 1.00 X X 0 0 0 VICTORIA SEALS MEMBER 1.00 X 0 0 0 CHRISTY ROBINSON MEMBER 1.00 X 0 0 0 MAURICE JENKINS JR MEMBER 1.00 X 0 0 0 JEAN CHO MEMBER 1.00 X 0 0 0 KEVIN SMITH MEMBER 1.00 X 0 0 0 CHARMAINE WARD-MILLNER MEMBER 1.00 X 0 0 0 ANN CRAMER MEMBER 1.00 X 0 0 0 JOHN DEVEER MEMBER 1.00 X 0 0 0 SHELLEY LAMAR MEMBER 1.00 X 0 0 0 ERIKA M SMITH MEMBER 1.00 X 0 0 0 21000 0 7235 0 0 0 1 0 116432 1576802 54449 1693234 60213 60213 10000 0 10000 10000 10000 107413 158307 -50894 -50894 -50894 34500 116432 41205 -6705 -6705 REFUNDS, REBATES, ETC. 900099 5314 5314 5314 1711162 0 0 17928 834121 834121 713340 713340 13637 13637 18283 9147 9136 15765 33 15138 594 12669 8868 2534 1267 4333 3037 1296 17694 11075 1101 5518 50785 24895 25890 11964 9157 2807 4033 4033 DUES, FEES, AND SUBSCRI 21452 16080 5372 1718076 1629753 71808 16515 2954063 3133785 148650 26617 7335 11489 1582166 105614 1487516 1476552 2466682 2630225 7064246 7278668 1173 1617 1120500 1121500 1121673 1123117 X 1346483 1767639 4596090 4387912 5942573 6155551 7064246 7278668 -6914 219892 0 X X 1 X 0 1 0 X 316021 2129438 2106646 1733155 1693234 7978494 316021 2129438 2106646 1733155 1693234 7978494 1699046 6279448 14281 27888 29250 41079 70213 182711 70 1912 8346 5314 15642 8176847 0.76800 0.78350 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: REBATES REFUNDS ETC - 2018 AMOUNT: $ 70. 2020 AMOUNT: $ 1,912. 2021 AMOUNT: $ 8,346. 2022 AMOUNT: $ 5,314. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2475442 170484 221180 107414 2759692 2899709 50000 -474267 2475442 2072118 310000 531603 14012 2899709 844921 1250000 -22803 2072118 683992 125000 49929 14000 844921 0.00000 0.90120 0.09880 1 0 1402028 1402028 132831 64377 68454 40606 36965 3641 6701 4272 2429 1476552 X 2372107 219892 399848 619740 1752367 -41205 -41205 1711162 2159129 399848 41205 441053 1718076 0 1718076 PART V, LINE 4: AS OF JUNE 30, 2023, THE FOUNDATION'S ENDOWMENT CONSISTED OF EIGHT INDIVIDUAL DONOR-RESTRICTED FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES. PART X, LINE 2: THE FOUNDATION IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE U.S. INTERNAL REVENUE CODE AND IS CLASSIFIED AS AN ORGANIZATION WHICH IS NOT A PRIVATE FOUNDATION UNDER SECTION 509(A) OF THE U.S. INTERNAL REVENUE CODE. THE FOUNDATION ACCOUNTS FOR UNCERTAIN TAX POSITIONS IN ACCORDANCE WITH ACCOUNTING STANDARDS THAT PROVIDE GUIDANCE ON WHEN UNCERTAIN TAX POSITIONS ARE RECOGNIZED IN AN ENTITY'S FINANCIAL STATEMENTS AND HOW THE VALUES OF THESE POSITIONS ARE DETERMINED. NO LIABILITY HAS BEEN RECORDED AS OF JUNE 30, 2023 AND 2022 DUE TO UNCERTAIN TAX POSITIONS. PART XI, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES -41,205. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 41,205. BRIDGE BUILDER 150932 116432 34500 27753 3089 9324 1039 150932 116432 34500 27753 3089 9324 1039 41205 -6705 1 ATLANTA TECHNICAL COLLEGE 1560 METROPOLITAN PKWY SW ATLANTA GA 30310 834121 0 OPERATIONAL SUPPORT 1 0 SCHOLARSHIPS & EDUCATIONAL ASSISTANCE 694 713340 PART I, LINE 2: THE ORGANIZATION MONITORS THE LIST OF QUALIFIED STUDENTS TO MAKE SURE THEY MEET THE REQUIREMENTS SET FOR ANY QUALIFYING STUDENT. 0 0 0 0 0 0 0 0 0 FORM 990 PART VII OFFICER COMPENSATION SHANNON GEORGECINK, EXECUTIVE DIRECTOR, SPENDS APPROXIMATELY 20% OF TIME WORKING FOR THE ATLANTA TECHNICAL COLLEGE FOUNDATION AND IS COMPENSATED BY AN UNRELATED ENTITY, THE ATLANTA TECHNICAL COLLEGE, FOR SERVICES PROVIDED TO THE FOUNDATION. IN 2022, SHANNON GEORGECINK RECEIVED $28,235 IN COMPENSATION AND BENEFITS FOR SERVICES PROVIDED TO THE FOUNDATION. X 1 51949 FMV X EQUIPMENT 1 2500 FMV 0 0 0 0 PART I, COLUMN (B): NUMBER OF CONTRIBUTORS. FORM 990 PART I LINE 5 AND PART V LINE 2A AND 2B THE ATLANTA TECHNICAL COLLEGE FOUNDATION INC DOES NOT HAVE ANY W-2 EMPLOYEES. ALL EMPLOYEES ARE EMPLOYED BY REPORTING AGENT ATLANTA TECHNICAL COLLEGE, AN UNRELATED ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS REVIEWED BY THE BOARD PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS MUST DISCLOSE CONFLICTS OF INTEREST. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS AVAILABLE UPON REQUEST. FORM 990 PART XII LINE 2C THE ORGANIZATION PUTS OUT A REQUEST FOR PROPOSALS FOR AUDITING SERVICES AND MAKES A SELECTION OF A FIRM. THE OVERSIGHT PROCESS HAS NOT CHANGED. FORM 990 PAGE 1 LINE 5 THE ACCOUNTING AND ADVISORY SERVICES ARE PROVIDED TO THE FOUNDATION BY EMPLOYEES OF THE ATLANTA TECHNICAL COLLEGE, AN UNRELATED PARTY. THE ORGANIZATION DOES NOT HAVE ANY EMPLOYEES.