Georgia Learning Foundation Inc
Nonprofit profile at a glance
- EIN
- 273813964
- IRS 990 coverage
- 2012–2012
- Forms available
- Form 990 2012, Form 990-N 2010
- Location
- Alpharetta, GA, USA
- Phone
- 4049654064
- Rating confidence
- Limited
- Sector
- Scholarships, Student Financial Aid Services, Awards
Reported finances
- Revenue
- $547,532
- Expenses
- $441,438
- Assets
- $402,358
- Liabilities
- $264,831
Source: IRS Form 990. Selected filing: tax year 2012. Amounts in USD.
Leadership & pay
4 people listed
Source: IRS Form 990. Selected filing: tax year 2012. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Georgia learning foundation, inc. Is a student scholarship organization ("ss0"). It's mission is to provide children from families with financial need throughout the state of Georgia with greater opportunities to secure a quality pk-12 education. As a qualified sso, the organization receives tax-deductible contributions from indiiduals and businesses and awards scholarships to eligible students in accordance with title 20, chapter 2a of the official code of Georgia.
What it reported doing in 2012
The organization received donations from the general public and provided scholarship awards to 50 eligible students in 3 different private schools in the metro atlanta area in accordance with title 20, chapter 2a of the official code of Georgia.
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: NotEnoughData
- Transparency & Controls: 100
- Accountability: 100
- Sustainability: 64
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 60th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 74th percentile among comparable filings
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
- Governance controls: 7 of 7 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 19.4%; rating input score 83; 83rd percentile among comparable filings
- Total-asset coverage ratio: 0.91; rating input score 43; 43rd percentile among comparable filings
- Liabilities to assets ratio: 0.66; rating input score 17; 17th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 86; 86th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 4 of 4 board members independent · 7 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $402K in reported program spending
- Leadership: top reported pay $0 · 4 people listed
- Consistency: 22 of 22 current checks pass
- Schedules: 4 filed schedules · includes grants
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
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.
- Moderate — Sustainability: Total-asset coverage ratio scored 43/100.
- High — Sustainability: Liabilities to assets ratio scored 17/100.
- High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.