Nonprofit · EIN 87-1811721
GEORGIA RESILIENCE AND OPPORTUNITY FUND INC
Tax-exempt · ATLANTA, GA 30302
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $5,164,786 | $13,126,147 | -$7,961,361 | $13,926,744 | $6,592,044 | $7,334,700 |
| December 31, 2023 | 990 | $15,357,750 | $2,500,965 | $12,856,785 | $15,900,736 | $604,675 | $15,296,061 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $5,117,775
- Program service revenue
- $0
- Investment income
- $44,761
- Other revenue
- $2,250
Expenses
- Grants and similar amounts paid
- $11,704,012
- Compensation of officers, directors and key employees
- $153,008
- Other salaries and wages
- $868,467
- Salaries, compensation and benefits (total)
- $1,239,692
- Professional fundraising fees
- $0
- Legal fees
- $25,094
- Accounting fees
- $22,796
- Travel
- $21,662
- Program services (functional)
- $12,847,004
- Management and general (functional)
- $217,152
- Fundraising (functional)
- $61,991
Balance sheet and other
- Total assets, start of year
- $15,900,736
- Total assets, end of year
- $13,926,744
- Total liabilities, end of year
- $6,592,044
- Net assets, end of year
- $7,334,700
- Net assets without donor restrictions
- $2,064,534
- Net assets with donor restrictions
- $5,270,166
- Gross receipts
- $5,164,786
- Employees
- 12
- Year formed
- 2021
- 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 | Other / benefits |
|---|---|---|---|---|
| HOPE WOLLENSACK | Executive Dir. Officer | 40 | $153,008 | $20,164 |
| AMIT KHANDURI | PROGRAM DIRECTOR | 40 | $107,787 | $34,659 |
| ANNA HALPERN | FINANCE/OPERAT DIR | 40 | $102,602 | $16,879 |
| AMIR FAROKHI | Chairman Trustee or director, Officer | 5 | $0 | $0 |
| ALAN ESSIG | Treasurer Trustee or director, Officer | 5 | $0 | $0 |
| AISHA NYANDORO | Director Trustee or director | 1 | $0 | $0 |
| DALE ROYAL | Director Trustee or director | 1 | $0 | $0 |
| KRISTIE GOODMAN DAVIS | Director Trustee or director | 1 | $0 | $0 |
| JOHN SIMPKINS | Director Trustee or director | 1 | $0 | $0 |
| NATALIE FOSTER | Director Trustee or director | 1 | $0 | $0 |
| SARAH BETH GEHL | Director Trustee or director | 1 | $0 | $0 |
| YONINA GRAY | Director Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 10 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| HOPE WOLLENSACK | Executive Dir. Officer | 40 | $161,956 | $11,459 |
| AMIR FAROKHI | Chairman Trustee or director, Officer | 5 | $0 | $0 |
| ALAN ESSIG | Treasurer Trustee or director, Officer | 5 | $0 | $0 |
| AISHA NYANDORO | Director Trustee or director | 1 | $0 | $0 |
| DALE ROYAL | Director Trustee or director | 1 | $0 | $0 |
| KRISTIE GOODMAN DAVIS | Director Trustee or director | 1 | $0 | $0 |
| JOHN SIMPKINS | Director Trustee or director | 1 | $0 | $0 |
| NATALIE FOSTER | Director Trustee or director | 1 | $0 | $0 |
| SARAH BETH GEHL | Director Trustee or director | 1 | $0 | $0 |
| YONINA GRAY | Director Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 4161, ATLANTA, GA 30302-4161
- In care of
- % HOPE WOLLENSACK
- Principal officer (990 for 2024)
- HOPE WOLLENSACK, 422 GLEN IRIS DRIVE, ATLANTA, GA 30308
- Signed the 990
- HOPE WOLLENSACK, Executive Dir.
- Website
- https://thegrofund.org/
- 990-N for 2021 filed under this EIN
- Most likely by a chapter, club or affiliate (it says receipts are normally $50,000 or less). Officer: HOPE WOLLENSACK, 422 GLEN IRIS DRIVE, ATLANTA GA 30308. Mailing address: 422 GLEN IRIS DRIVE, ATLANTA GA 30308.
- Return prepared by
- Blad & Hezlep LLC
Mission
GRO BUILDS BOLD, EVIDENCE-BASED, AND COMMUNITY-INFORMED SOLUTIONS TO ADDRESS THE ROOT CAUSES OF POVERTY AND WORK TOWARD CLOSING THE RACIAL WEALTH GAP.
Program accomplishments
- IN HER HANDS1. POLICY LEARNING: THE ORGANIZATION WILL SHARE THE FINDINGS AND RESULTS OF THE IN HER HANDS PROJECT WITH VARIOUS AGENCIES TO EDUCATE THEM ON INCOME STABILITY AND WEALTH-BUILDING PROGRAMS FOCUSED ON ECONOMICALLY MARGINALIZED/LOW-INCOME GROUPS. THE GOAL OF THESE PROGRAMS WILL BE EDUCATION. THE ORGANIZATION MAY WRITE WHITE PAPERS OR DO LIMITED ADVOCACY FOR STATE-EARNED INCOME TAX CREDIT AND SOCIAL SAFETY NET REFORM. THE ORGANIZATION CONDUCTS LIMITED LOBBYING ACTIVITIES AND SPEAKS WITH VARIOUS POLITICAL FIGURES FROM TIME TO TIME. THE ORGANIZATION'S MAIN FOCUS WILL BE TO EDUCATE GEORGIA-BASED ORGANIZATIONS AND OTHER ENTITIES WHO ARE INTERESTED IN LEARNING MORE ABOUT THE IN HER HANDS PROJECT AND ITS RESULTS, AS WELL AS THE THEORY AND POLICY BEHIND A GUARANTEED INCOME PROJECT. THIS WORK WILL BE DONE BY ORGANIZATION STAFF AND VOLUNTEERS. 2. DIRECT SERVICE PROVISION FOR LOW-INCOME WOMEN: IN HER HANDS IS A COLLABORATIVE INITIATIVE OF BOTH THE ORGANIZATION AND GIVE DIRECTLY, AND IT PROVIDES 275 LOW-INCOME WOMEN IN ATLANTAS WESTSIDE A WITH AN INCOME SUPPLEMENT BY PROVIDING AN AVERAGE OF $1000 PER MONTH FOR THREE YEARS. IN HER HANDS WILL NOT JUST PROVIDE A GUARANTEED INCOME FOR TWO YEARS, BUT ALSO THE FOLLOWING BENEFITS TO PARTICIPANTS: OPTIONAL PROGRAMMING TO CONNECT WITH OTHER COMMUNITY-BASED ORGANIZATION COMMUNITY ENGAGEMENT AND OUTREACH; COORDINATION WITH PUBLIC BENEFITS AGENCIES; PROVIDING BENEFITS COUNSELING; DOING EXIT INTERVIEWS AND OFFBOARDING ACTIVITIES TO ESTABLISH THE SUCCESS OF THE PROJECT AND HELP TRANSITION OUT OF IT.Expenses $12,043,089 · grants $11,510,712
- FREEDOM FUTURES: CASH FOR TODAY, CAPITAL FOR TOMORROW1. POLICY LEARNING: THE ORGANIZATION WILL SHARE THE FINDINGS AND RESULTS OF FREEDOM FUTURES: CASH FOR TODAY, CAPITAL FOR TOMORROW, AN ACCELERATED BABY BONDS PILOT PROGRAM, WITH VARIOUS AGENCIES TO EDUCATE THEM ON INCOME STABILITY AND WEALTH-BUILDING PROGRAMS FOCUSED ON ECONOMICALLY MARGINALIZED YOUTH AND YOUNG ADULTS. THE GOAL OF THESE PROGRAMS WILL BE GENERATING EVIDENCE ON EARLY WEALTH BUILDING AND EDUCATION. THE ORGANIZATION MAY WRITE WHITE PAPERS OR DO LIMITED ADVOCACY FOR STRATEGIES TO ADDRESS WEALTH DISPARITIES SUCH AS A STATE BABY BONDS PROGRAM. THE ORGANIZATION CONDUCTS LIMITED LOBBYING ACTIVITIES AND SPEAKS WITH VARIOUS POLITICAL FIGURES FROM TIME TO TIME. THE ORGANIZATION'S MAIN FOCUS WILL BE TO EDUCATE GEORGIA-BASED ORGANIZATIONS AND OTHER ENTITIES WHO ARE INTERESTED IN LEARNING MORE ABOUT THE BABY BONDS PILOT PROGRAM AND ITS RESULTS, AS WELL AS THE THEORY AND POLICY BEHIND DIRECT YOUTH WEALTH BUILDING STRATEGIES. THIS WORK WILL BE DONE BY ORGANIZATION STAFF AND VOLUNTEERS. 2. DIRECT SERVICE PROVISION FOR LOW-INCOME YOUTH AND YOUNG ADULTS: THE FREEDOM FUTURES: CASH FOR TODAY, CAPITAL FOR TOMORROW PROGRAM WILL PROVIDE 50 LOW-INCOME YOUNG ADULTS IN ATLANTA WITH A $500/MONTH INCOME SUPPORT FOR FOUR YEARS, FINANCIAL EDUCATION, AND A LARGE LUMP SUM OF APPROXIMATELY $40,000 FOR WEALTH BUILDING PURPOSES SUCH AS BUYING A HOME, STARTING A BUSINESS OR ENROLLING IN HIGHER EDUCATION. THE GOAL OF THE PILOT IS TO SUPPORT THE YOUNG PEOPLE ENROLLED AND TO GENERATE INSIGHT ON HOW THESE INTERVENTIONS IMPROVE YOUTH AND YOUNG PEOPLES FINANCIAL STABILITY AND WEALTH POSITION.Expenses $471,125 · grants $190,000
- COMMUNICATIONSTHE COMMUNICATIONS PROGRAM SUPPORTS GROS WORK BY ELEVATING PROGRAM LEARNINGS FROM EVALUATION AND PARTICIPANT STORIES. THE COMMUNICATIONS PROGRAM USES DATA AND EVIDENCE TO BETTER UNDERSTAND HARMFUL NARRATIVES ABOUT POVERTY AND THE RACIAL WEALTH GAP AND HOW TO CREATE NEW NARRATIVES THAT EMPHASIZE HOW THE ECONOMY CAN WORK FOR ALL OF US.Expenses $332,790 · grants $3,300
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
- 87-1811721
- 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
- 2022
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P20)
- Assets (IRS master file)
- $13,926,744
- Income (IRS master file)
- $5,164,786
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $5,164,786 | $13,126,147 | $13,926,744 | IRS |
| 990 | December 2023 | $15,357,750 | $2,500,965 | $15,900,736 | XML |
| 990 | December 2022 | $2,472,288 | $33,012 | $2,450,282 | IRS |
| 990-N for 2021 Officer: HOPE WOLLENSACK Filed under this EIN, most likely by a chapter or affiliate | December 31, 2021 | ≤ $50,000 receipts | – | – | e-Postcard |
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 87-1811721).
Questions about GEORGIA RESILIENCE AND OPPORTUNITY FUND INC
- What is the EIN of GEORGIA RESILIENCE AND OPPORTUNITY FUND INC?
- The employer identification number (EIN) of GEORGIA RESILIENCE AND OPPORTUNITY FUND INC is 87-1811721.
- Is GEORGIA RESILIENCE AND OPPORTUNITY FUND INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to GEORGIA RESILIENCE AND OPPORTUNITY FUND INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does GEORGIA RESILIENCE AND OPPORTUNITY FUND 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 RESILIENCE AND OPPORTUNITY FUND 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 RESILIENCE AND OPPORTUNITY FUND 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 RESILIENCE AND OPPORTUNITY FUND INC?
- The 990 for the year ended December 31, 2024 names HOPE WOLLENSACK.
- Who are the officers and directors of GEORGIA RESILIENCE AND OPPORTUNITY FUND INC?
- The 990 for the year ended December 31, 2024 lists 12 people; 3 received compensation from the organization, the highest $153,008 (HOPE WOLLENSACK, Executive Dir.).
- How much revenue does GEORGIA RESILIENCE AND OPPORTUNITY FUND INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $5,164,786, expenses of $13,126,147 and total assets of $13,926,744 at year end.
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