Greater Atlanta Chamber Foundation Inc

Nonprofit profile at a glance

EIN
581285711
IRS 990 coverage
2014–2024
Forms available
Form 990 2024
Location
Atlanta, GA, USA
Phone
4048809000
Rating
75
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Public Foundations

Reported finances

Revenue
$2,927,377
Expenses
$4,794,146
Assets
$4,102,752
Liabilities
$8,269,076

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

230 people listed

Executive titles in this filing

  • ANNA KIRKPATRICK (PRESIDENT & CEO)
  • DAN CORSO (PRESIDENT ATLANTA SPORTS COUNCIL)

Highest reported compensation

  • ANNA KIRKPATRICK (PRESIDENT & CEO): $815,295 total reported compensation
  • DAVID HARTNETT (CHIEF ECONOMIC DEVELOPMENT OFFICER): $534,300 total reported compensation
  • JANICE RYS (CHIEF DEVELOPMENT OFFICER): $486,484 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The greater atlanta chamber foundation, inc. Was established to serve as a community fund, i.e., a community foundation, to fund specific atlanta chamber of commerce oriented projects that are designed to promote charitable and educational projects in the city of atlanta and its metropolitan area.

What it reported doing in 2024

PROGRAM PASS THRU'S Education/Talent: *To grow the metro Atlanta region's talent and workforce advantage. *Further develop The Atlanta Talent Collaborative, convening top HR professionals to create a robust talent pipeline for the region's most-in-demand jobs. *Place 150 individuals into jobs through Connect to Work GA. *Georgia Intern App, placing 400 interns with leading metro businesses with a focus on rural Georgia HBCU, USG School and a majority of TCSG schools. Community/Destination Downtown: *Accelerate Downtown Reimagined initiative by engaging consultants, community leaders and public officials in a coordinated effort to focus on lasting improvements for downtown Atlanta. Focusing on improvement of infrastructure, safety, cleanliness, housing, homelessness, and development, including advancing policy changes. Community/Regional Water: *Study the potential impact of advancing water policy and any lessons learned that will help to sustain or improve its use.

Operating model

Revenue model
Donor-supported. 97% of the money available for current operations came from contributions and gifts.
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. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 89
  • Transparency & Controls: 69
  • Accountability: 77
  • Sustainability: 14
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 100%; rating input score 100
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 99.6%; rating input score 100; 27th percentile among comparable filings
  • Governance controls: 4 of 9 controls in place; rating input score 44
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Fail
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -63.8%; rating input score 1; 1st percentile among comparable filings
  • Total-asset coverage ratio: 0.86; rating input score 32; 32nd percentile among comparable filings
  • Liabilities to assets ratio: 2.02; rating input score 1; 1st percentile among comparable filings
  • Officer compensation ratio: 8.1%; rating input score 37; 37th percentile among comparable filings

Growth

  • Program expense growth: 2.7% per year; rating input score 100; 26th percentile among comparable filings
  • Revenue growth: -0.3% per year; rating input score 0; 11th percentile among comparable filings
  • Asset growth: 2.5% per year; rating input score 100; 22nd percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 100% of spending went to programs
  • Governance: 223 of 224 board members independent · 4 of 9 filing controls reported
  • Programs: 9 filed program accomplishments · $4.8M in reported program spending
  • Leadership: top reported pay $815K · 230 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 18 of 18 current checks pass
  • Schedules: 6 filed schedules · includes major donors and executive pay
  • Filing history: 10 filing years from 2014 to 2024
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • Related organizations: 1 filed related-organization link
  • 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.

  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • Moderate — Accountability: Governance controls: 5 of 9 not reported.
  • High — Sustainability: Operating margin scored 1/100.
  • High — Growth: Revenue growth scored 0/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 32/100.
  • High — Sustainability: Liabilities to assets ratio scored 1/100.
  • Moderate — Sustainability: Officer compensation ratio scored 37/100.