Nonprofit · EIN 45-4344273
GEORGIA EDUCATION FOUNDATION INC
Tax-exempt · ATLANTA, GA 30308
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $73,033 | $264,741 | -$191,708 | $59,552 | $215,660 | -$156,108 |
| December 31, 2023 | 990 | $89,750 | $262,474 | -$172,724 | $67,983 | $32,383 | $35,600 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $56,013
- Program service revenue
- $17,020
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $110,015
- Other salaries and wages
- $92,496
- Salaries, compensation and benefits (total)
- $229,510
- Professional fundraising fees
- $0
- Accounting fees
- $13,327
- Depreciation
- $164
- Program services (functional)
- $165,920
- Management and general (functional)
- $98,821
Balance sheet and other
- Total assets, start of year
- $67,983
- Total assets, end of year
- $59,552
- Total liabilities, end of year
- $215,660
- Net assets, end of year
- -$156,108
- Land, buildings and equipment
- $41
- Net assets without donor restrictions
- -$156,108
- Gross receipts
- $73,033
- Employees
- 2
- Volunteers
- 15
- Year formed
- 2012
- State of legal domicile
- GA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| STACEY KEY | PRESIDENT/CE Trustee or director, Officer | 5 | $0 | $300,661 | $39,295 |
| VANESSA LANE | EXECUTIVE DI Trustee or director | 40 | $104,702 | $0 | $5,312 |
| MICHAEL ROBINSON | BOARD CHAIRM Trustee or director, Officer | 2 | $0 | $0 | $0 |
| KEN HUFF | TREASURER Trustee or director, Officer | 2 | $0 | $0 | $0 |
| GLENDA STINSON | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| SIDD AHMED | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| WASSEL LEWIS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MICHAEL ROBINSON | BOARD CHAIRM Trustee or director, Officer | 5 | $0 |
| STACEY KEY | PRESIDENT Trustee or director, Officer | 5 | $0 |
| KEN HUFF | DIRECTOR Trustee or director | 5 | $0 |
| SIDD AHMED | DIRECTOR Trustee or director | 5 | $0 |
| WASSEL LEWIS | DIRECTOR Trustee or director | 5 | $0 |
| GLENDA STINSON | DIRECTOR Trustee or director | 5 | $0 |
Address and contacts
- Address (IRS master file)
- 759 W PEACHTREE ST NE STE 107, ATLANTA, GA 30308-1195
- In care of
- % STACEY KEY
- Principal officer (990 for 2024)
- MICHAEL ROBINSON, 759 W PEACHTREE ST 107, ATLANTA, GA 303081195
- Signed the 990
- STACEY KEY, PRESIDENT/CEO
- Phone
- (404) 589-4929
- Return prepared by
- REED QUINN & MCCLURE
Mission
TO PROVIDE EDUCATIONAL AND TRAINING OPPORTUNITIES FOR SMALL BUSINESS ENTERPRISES AND EMERGING ENTREPRENEURIAL IN ORDER TO DEVELOP CAPACITY THAT WILL DRIVE BUSINESS GROWTH AND CREATE JOBS.
Program accomplishments
- THE MENTOR PROTEGE PROGRAM IS A BUSINESS DEVELOPMENT PROGRAM ADMINISTERED BY THE GEORGIA EDUCATION FOUNDATION, INC, THE EDUCATIONAL ARM OF GEORGIA MINORITY SUPPLIER DEVELOPMENT COUNCIL, INC (GMSDC). IT PROVIDES OPPORTUNITIES FOR GEORGIA SMALL BUSINESSES TO BENEFIT FROM A PARTNERSHIP WITH A CORPORATE MENTOR FOR A PERIOD OF ONE YEAR. EMERGING FIRMS CAN BUILD RELATIONSHIPS, EXPLORE NEW TECHNOLOGIES, LEARN ABOUT BEST PRACTICES AND BENEFIT FROM THE WISDOM OF CORPORATE EXECUTIVES WHO ARE COMMITTED TO THE LONG-TERM HEALTH AND OVERALL GROWTH OF SMALL BUSINESSES IN GEORGIA. THE GOAL OF THE PROGRAM IS TO HELP SMALL BUSINESSES TO BE SUCCESSFUL OVER THE LONG HAUL, BY HELPING THEM TO DEVELOP CAPACITY, ENHANCE THEIR SKILL SETS AND BECOME MORE COMPETITIVE. RESEARCH HAS SHOWN THAT ACCESS TO THE RIGHT KIND OF COACHING AND MENTORING SIGNIFICANTLY INCREASES THE SUCCESS RATE IN SMALL BUSINESS, WHILE BOTH THE MENTOR AND THE PROTEGE BENEFIT TREMENDOUSLY FROM THEIR INTERACTION.Expenses $165,920 · revenue $17,020
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 45-4344273
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2013
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S02)
- Assets (IRS master file)
- $59,552
- Income (IRS master file)
- $73,033
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $73,033 | $264,741 | $59,552 | XML |
| 990 | December 2023 | $89,750 | $262,474 | $67,983 | XML |
| 990 | December 2022 | $433,021 | $282,714 | $216,445 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990-EZ | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 45-4344273).
Questions about GEORGIA EDUCATION FOUNDATION INC
- What is the EIN of GEORGIA EDUCATION FOUNDATION INC?
- The employer identification number (EIN) of GEORGIA EDUCATION FOUNDATION INC is 45-4344273.
- Is GEORGIA EDUCATION FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2013.
- Are donations to GEORGIA EDUCATION FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does GEORGIA EDUCATION FOUNDATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of GEORGIA EDUCATION FOUNDATION INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did GEORGIA EDUCATION FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of GEORGIA EDUCATION FOUNDATION INC?
- The 990 for the year ended December 31, 2024 names MICHAEL ROBINSON.
- Who are the officers and directors of GEORGIA EDUCATION FOUNDATION INC?
- The 990 for the year ended December 31, 2024 lists 7 people; 1 received compensation from the organization.
- How much revenue does GEORGIA EDUCATION FOUNDATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $73,033, expenses of $264,741 and total assets of $59,552 at year end.
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