Nonprofit · EIN 58-2475939
GEORGIA CITIES FOUNDATION INC
Tax-exempt · ATLANTA, GA 30303
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $3,601,950 | $617,526 | $2,984,424 | $21,110,417 | $1,058,212 | $20,052,205 |
| December 31, 2023 | 990 | $812,530 | $400,396 | $412,134 | $18,151,208 | $1,083,427 | $17,067,781 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $3,063,219
- of which government grants
- $3,033,219
- Program service revenue
- $523,758
- Investment income
- $14,973
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $23,203
- Travel
- $1,160
- Program services (functional)
- $575,795
- Management and general (functional)
- $41,731
Balance sheet and other
- Total assets, start of year
- $18,151,208
- Total assets, end of year
- $21,110,417
- Total liabilities, end of year
- $1,058,212
- Net assets, end of year
- $20,052,205
- Net assets without donor restrictions
- $2,984,184
- Net assets with donor restrictions
- $17,068,021
- Gross receipts
- $3,601,950
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1999
- 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 |
|---|---|---|---|
| PAM SESSIONS | PRESIDENT Trustee or director, Officer | 1 | $0 |
| LARRY HANSON | SECRETARY/TREASURER Trustee or director, Officer | 1 | $0 |
| BO CHANCE | BOARD MEMBER Trustee or director | 1 | $0 |
| ELYSE DAVIS | BOARD MEMBER Trustee or director | 1 | $0 |
| CINQUE AXAM | BOARD MEMBER Trustee or director | 1 | $0 |
| WILLIAM FLOYD | BOARD MEMBER Trustee or director | 1 | $0 |
| ROBERT REICHERT | BOARD MEMBER Trustee or director | 1 | $0 |
| LAURA HEERY | BOARD MEMBER Trustee or director | 1 | $0 |
| WALTER R HUNTLEY JR | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
| EMORY MORSBERGER | BOARD MEMBER Trustee or director | 1 | $0 |
| JIMMY TALLENT | BOARD MEMBER Trustee or director | 1 | $0 |
| RANDY CARDOZA | BOARD MEMBER Trustee or director | 1 | $0 |
| BRANDON RIDDICK-SEALS | BOARD MEMBER Trustee or director | 1 | $0 |
| CATHRYN HOUCHINS | BOARD MEMBER Trustee or director | 1 | $0 |
| CHRISTOPHER NUNN | BOARD MEMBER Trustee or director | 1 | $0 |
1 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOHN HARDMAN | BOARD MEMBER Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 16 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PAM SESSIONS | PRESIDENT Trustee or director, Officer | 1 | $0 |
| LARRY HANSON | SECRETARY/TREASURER Trustee or director, Officer | 1 | $0 |
| BO CHANCE | BOARD MEMBER Trustee or director | 1 | $0 |
| ELYSE DAVIS | BOARD MEMBER Trustee or director | 1 | $0 |
| CINQUE AXAM | BOARD MEMBER Trustee or director | 1 | $0 |
| WILLIAM FLOYD | BOARD MEMBER Trustee or director | 1 | $0 |
| ROBERT REICHERT | BOARD MEMBER Trustee or director | 1 | $0 |
| LAURA HEERY | BOARD MEMBER Trustee or director | 1 | $0 |
| WALTER R HUNTLEY JR | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
| EMORY MORSBERGER | BOARD MEMBER Trustee or director | 1 | $0 |
| JIMMY TALLENT | BOARD MEMBER Trustee or director | 1 | $0 |
| RANDY CARDOZA | BOARD MEMBER Trustee or director | 1 | $0 |
| BRANDON RIDDICK-SEALS | BOARD MEMBER Trustee or director | 1 | $0 |
| CATHRYN HOUCHINS | BOARD MEMBER Trustee or director | 1 | $0 |
| CHRISTOPHER NUNN | BOARD MEMBER Trustee or director | 1 | $0 |
| JOHN HARDMAN | BOARD MEMBER Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 201 PRYOR ST SW, ATLANTA, GA 30303-3606
- In care of
- % GEORGIA MUNICIPAL ASSOCIATION
- Principal officer (990 for 2024)
- LARRY HANSON, 201 PRYOR STREET SW, ATLANTA, GA 303033606
- Signed the 990
- LARRY HANSON, SECRETARY/TREASURER
- Phone
- (678) 651-1030
- Return prepared by
- NICHOLS CAULEY & ASSOCIATES LLC
Mission
THE ORGANIZATION'S MISSION IS TO ASSIST CITIES IN THEIR EFFORTS TO REVITALIZE AND ENHANCE DOWNTOWN AREAS BY SERVING AS A PARTNER AND FACILITATOR IN FUNDING CAPITAL PROJECTS THROUGH A REVOLVING LOAN FUND.
Program accomplishments
- THE DEVELOPMENT REVOLVING LOAN PROGRAM PROVIDES LOANS BASED ON LEADERSHIP, ACCOUNTABILITY, LONG-TERM SUSTAINABILITY, AND POTENTIAL FOR PRIVATE INVESTMENT. THE PROJECTS ENCOURAGE SPIN-OFF DEVELOPMENT, ADD JOBS, PROMOTE DOWNTOWN HOUSING, OR ADD TO CULTURAL ENRICHMENT OF THE COMMUNITY.Expenses $246,198 · revenue $520,758
- THE ENERGY REBATE PROGRAM PROVIDES REBATES FOR ENERGY EFFICIENT UPGRADES TO COMMERCIAL BUILDINGS UP TO TWENTY FIVE PERCENT OF THE COST OF THE ELIGIBLE ENERGY EFFICIENCY IMPROVEMENTS WITH A MAXIMUM OF $100,000 PER LOCATION.Expenses $237,068
- CONFERENCES TO EDUCATE AND INFORM STATE LEADERS ON THE IMPORTANCE OF SUCCESSFUL DOWNTOWN DEVELOPMENT AND ITS ROLE IN SUPPORTING OVERALL ECONOMIC DEVELOPMENT EFFORTS FOR REGIONS AND COMMUNITIES.Expenses $92,529 · revenue $3,000
- ADDITIONAL PROGRAMS TO SUPPORT THE MISSION AS STATED.
What it must file and when
IRS records say it files Not required (state instrumentality). 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
- 58-2475939
- 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
- 1999
- Accounting year ends
- December
- Files
- Not required (state instrumentality)
- Category (NTEE)
- Community improvement and capacity building (S31)
- Assets (IRS master file)
- $21,110,417
- Income (IRS master file)
- $3,601,950
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $3,601,950 | $617,526 | $21,110,417 | IRS |
| 990 | December 2023 | $812,530 | $400,396 | $18,151,208 | XML |
| 990 | December 2022 | $329,522 | $859,850 | $17,782,499 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | 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 58-2475939).
Questions about GEORGIA CITIES FOUNDATION INC
- What is the EIN of GEORGIA CITIES FOUNDATION INC?
- The employer identification number (EIN) of GEORGIA CITIES FOUNDATION INC is 58-2475939.
- Is GEORGIA CITIES FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1999.
- Are donations to GEORGIA CITIES FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does GEORGIA CITIES FOUNDATION INC file?
- Form Not required (state instrumentality).
- When is the next return of GEORGIA CITIES 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 CITIES 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 CITIES FOUNDATION INC?
- The 990 for the year ended December 31, 2024 names LARRY HANSON.
- Who are the officers and directors of GEORGIA CITIES FOUNDATION INC?
- The 990 for the year ended December 31, 2024 lists 16 people; 0 received compensation from the organization.
- How much revenue does GEORGIA CITIES FOUNDATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $3,601,950, expenses of $617,526 and total assets of $21,110,417 at year end.
Other nonprofits in ATLANTA
- GSMA LTD EIN 20-4991061 · last filed 990 for 2025
- GSMA IP LLC EIN 38-4206894 · last filed 990 for 2025
- GSMA SERVICES LLC EIN 36-5008209 · last filed 990 for 2025
- MIDTOWN BUSINESS ASSOCIATION INC EIN 58-1341100 · last filed 990 for 2025
- CORENET GLOBAL INC EIN 52-2337734 · last filed 990 for 2025
- RUSSELL INNOVATION CENTER FOR ENTREPRENEURS INC EIN 81-0727619 · last filed 990 for 2024
- NATIONAL BLACK M B A ASSOCIATION INC EIN 23-7348780 · last filed 990 for 2024
- FCS URBAN MINISTRIES INC EIN 58-1330830 · last filed 990 for 2024
All nonprofits in ATLANTA · Georgia · Community improvement and capacity building