Economic Development Four Athens Inc

Nonprofit profile at a glance

EIN
462598459
IRS 990-EZ coverage
2017–2019
Forms available
Form 990 2016, Form 990-EZ 2019
Location
Athens, GA, USA
Phone
4153855611
Rating
78
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Business and Industry

Official website

Reported finances

Revenue
$74,464
Expenses
$88,340
Assets
$7,166
Liabilities
$6,087

Source: IRS Form 990-EZ. Selected filing: tax year 2019. Amounts in USD.

Leadership & pay

7 people listed

People named in this filing

  • ILKA MCCONNELL (Director)
  • DAVID ROWE (Director)
  • HULET SMITH (Treasurer)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2019. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To make Athens a regional startup hub in the Southeast.

What it reported doing in 2019

Four Athens was founded in 2011, and became a non-profit organization in 2014 to support the entrepreneurial ecosystem in Athens. We support this mission through our Four Pillars: Talent, Education, Community, and High growth resources.TalentWe work with our partners to connect them with talent in the Athens region and help fill opportunities at our member companies. Helping create better paying, quality jobs for Athens is one of our long term goals.EducationEducation is tied into everything that we do. From youth coding classes to monthly lunch and learns with our partners at ATDC, education in both the short and long term will have a transformative impact in the Athens region. communityfrom the early days, four Athens has been built around the community. weekly happy hours, startup stories, open houses - a diverse and inclusive community is in the lifeblood of Four Athens. When we say Athens starts here, it would be accurate to say it starts with community.High Growth ResourcesBuilding an innovative startup is challenging - we're here to bring resources to bear to address those challenges. the uga idea accelerator, connections to potential funders and partners, and in depth mentoring are just some of the tactical resources we connect with our members.

Operating model

Revenue model
Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Program spending has declined or grown slowly and revenue has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 89
  • Transparency & Controls: 82
  • Sustainability: 21
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 94.9%; rating input score 95
  • Program expense ratio: 80%; rating input score 80

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: -18.6%; rating input score 24; 24th percentile among comparable filings
  • Total-asset coverage ratio: 0.08; rating input score 9; 9th percentile among comparable filings
  • Liabilities to assets ratio: 0.85; rating input score 7; 7th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: -27% per year; rating input score 0; 15th percentile among comparable filings
  • Revenue growth: -19.1% per year; rating input score 0; 16th percentile among comparable filings
  • Asset growth: -22.7% per year; rating input score 0; 9th percentile among comparable filings

Details

  • Where the money goes: 94.9% of revenue deployed · 80% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $71K in reported program spending
  • Leadership: top reported pay $0 · 7 people listed
  • Consistency: 7 of 7 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 3 filing years from 2017 to 2019
  • Contacts: How to reach this organization
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Operating margin scored 24/100.
  • High — Sustainability: Total-asset coverage ratio scored 9/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 7/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.
  • High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.