ROWEN FOUNDATION INC: Form 990, tax year 2022
View the entire original 990 at ProPublica ↗
- Organization
- ROWEN FOUNDATION INC (EIN 85-3049933)
- Tax period
- 2022-01-01 to 2022-12-31
- Filed
- 2023-08-02
- IRS object ID
- 202312149349301811
- Schema version
- 2022v5.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2023-08-02T15:44:44-05:00 | ReturnTs |
| Tax Period End | 2022-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 580673524 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MSTILLER LLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1960 SATELLITE BLVD SUITE 3600 | AddressLine1Txt |
| City | DULUTH | CityNm |
| State Abbreviation | GA | StateAbbreviationCd |
| ZIP | 30097 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2022-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 853049933 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ROWEN FOUNDATION INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | ROWE | BusinessNameControlTxt |
| Phone | 4048210638 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 279 WEST CROGAN STREET | AddressLine1Txt |
| City | LAWRENCEVILLE | CityNm |
| State Abbreviation | GA | StateAbbreviationCd |
| ZIP | 30046 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | TREY SWALM | PersonNm |
| Person Title | CFO | PersonTitleTxt |
| Phone | 4046977473 | PhoneNum |
| Signature | 2023-08-02 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | TREY | PersonFirstNm |
| Person Last | SWALM | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | 0 | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | GREGORY W HAYES | PreparerPersonNm |
| PTIN | P00054246 | PTIN |
| Phone | 7709958800 | PhoneNum |
| Preparation | 2023-08-01 | PreparationDt |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 2 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2022 | TaxYr |
| Build TS | 2023-04-26 12:10:37Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | MASON AILSTOCK | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 279 WEST CROGAN STREET | AddressLine1Txt |
| City | LAWRENCEVILLE | CityNm |
| State Abbreviation | GA | StateAbbreviationCd |
| ZIP | 30046 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $106,398 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | HTTPS://WWW.ROWENLIFE.COM/ | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 2020 | FormationYr |
| Legal Domicile State | GA | LegalDomicileStateCd |
| Activity Or Mission | WE ARE THE INDEPENDENT, MISSION-DRIVEN, NOT-FOR-PROFIT ENTITY LEADING THE PLANNING AND VISIONING OF ROWEN, RESPONSIBLE FOR PROJECT LEADERSHIP AND OPERATIONS TO ENSURE THE LONG-TERM VISION FOR ROWEN IS NEVER COMPROMISED. ROWEN MEANS "SECOND HARVEST." ESTABLISHED ON LAND THAT HAS BEEN CAREFULLY STEWARDED FOR GENERATIONS BY LOCAL FAMILIES, ROWEN WILL BE PROGRAMMED IN A WAY THAT REMAINS TRUE TO THE FAMILIES' CONNECTIONS TO AGRICULTURE, MEDICINE AND NATURAL ENVIRONMENT. THE RESULT IS A REIMAGINATION OF THE TRADITIONAL MIXED-USE, OFFICE AND RESEARCH ENVIRONMENT THAT WILL CHANGE THE ECONOMIC AND SOCIAL TRAJECTORY OF GEORGIA, THE NATION AND WITH TIME, THE WORLD. | ActivityOrMissionDesc |
| Voting Members Governing Body | 7 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 7 | VotingMembersIndependentCnt |
| Total Employee | 0 | TotalEmployeeCnt |
| Total Volunteers | 0 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $0 | PYContributionsGrantsAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $0 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $0 | CYProgramServiceRevenueAmt |
| PY Investment Income | $5,573 | PYInvestmentIncomeAmt |
| CY Investment Income | $106,398 | CYInvestmentIncomeAmt |
| PY Other Revenue | $0 | PYOtherRevenueAmt |
| CY Other Revenue | $0 | CYOtherRevenueAmt |
| PY Total Revenue | $5,573 | PYTotalRevenueAmt |
| CY Total Revenue | $106,398 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $1,116,200 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $0 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $0 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $2,253,095 | PYOtherExpensesAmt |
| CY Other Expenses | $2,323,101 | CYOtherExpensesAmt |
| PY Total Expenses | $3,369,295 | PYTotalExpensesAmt |
| CY Total Expenses | $2,323,101 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | -$3,363,722 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$2,216,703 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $75,583,362 | TotalAssetsBOYAmt |
| Total Assets EOY | $79,016,659 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $79,271,552 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $84,921,552 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | -$3,688,190 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | -$5,904,893 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | TO BE A CATALYST FOR EDUCATION, RESEARCH, INNOVATION AND TRANSFORMATION THROUGH THE CREATION OF A GLOBAL DESTINATION WHICH RECOGNIZES STEWARDSHIP OF THE LAND AS THE CORNERSTONE OF AN INSPIRED COMMUNITY. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $1,962,821 | ExpenseAmt |
| Grant | $0 | GrantAmt |
| Revenue | $0 | RevenueAmt |
| Desc | SEE SCHEDULE O GWINNETT COUNTY, GEORGIA (THE "COUNTY OR "GWINNETT COUNTY') HAS AN OPPORTUNITY TO DEVELOP 1800 ACRES IN THE COUNTY, LOCATED CENTRALLY BETWEEN THREE MAJOR ECONOMIC CENTERS IN THE STATE OF GEORGIA (ATLANTA, ATHENS, AND GAINESVILLE) AND EQUIDISTANT FROM THREE MAJOR RESEARCH UNIVERSITIES (THE UNIVERSITY OF GEORGIA, GEORGIA INSTITUTE OF TECHNOLOGY, AND EMORY UNIVERSITY). THE COUNTY'S VISION IS TO DEVELOP THE LAND INTO A DISTRICT FOR AGRICULTURAL, MEDICAL, ENVIRONMENTAL, AND HIGH TECHNOLOGY RESEARCH AS WELL AS RESEARCH-RELATED MANUFACTURING AND SUPPORT SERVICES (THE "DISTRICT'). THE CORPORATION WILL PROMOTE SOCIAL WELFARE, INCLUDING, BUT NOT LIMITED TO: (I) ECONOMIC DEVELOPMENT BY ATTRACTING EDUCATION, TRAINING, RESEARCH, JOB CREATION, INNOVATION, AND TRANSFORMATION TO THE CORPORATION'S PROPERTY AND THE SURROUNDING AREA; (II) ADVANCING PUBLIC HEALTH FOR THE COMMUNITY AT LARGE; (III) PROVIDING A PLACE WHERE THE LAND, ITS COLLECTIVE HISTORY, AND THE DEVELOPMENT OF IT AND THE CORPORATION'S OTHER ASSETS ARE MANAGED CONSISTENTLY AND RESPECTFULLY FOR THE BENEFIT OF THE COMMUNITY; AND (IV) REDUCING THE BURDENS OF GOVERNMENT. THE CORPORATION'S ECONOMIC DEVELOPMENT ACTIVITIES ARE TWO-FOLD: REAL-ESTATE PROGRAMMING WILL ATTRACT BUSINESS TO THE DISTRICT AND TO SURROUNDING AREAS; INNOVATION PROGRAMMING DEFINES THE WAYS IN WHICH THE CORPORATION WILL CREATE VALUE FOR THE COUNTY, THE STATE OF GEORGIA, AND PRIVATE AND INSTITUTIONAL PARTNERS, DISTINGUISHING ITSELF IN A GLOBAL INNOVATION ECONOMY. ANALYSIS OF BUSINESS AND ACADEMIC RESOURCES IN GEORGIA, AS WELL AS INTERNATIONAL PRESSURES FOR INNOVATION, REVEAL THREE INTER-RELATED AREAS OF FOCUS FOR THE DISTRICT'S TENANTS AND PROPERTY OWNERS: MEDICAL RESEARCH, TECHNOLOGY, AND APPROACHES TO PREVENTATIVE CARE; AGRICULTURAL RESEARCH, TECHNOLOGY, AND ENVIRONMENTAL SENSITIVITY; AND ENVIRONMENTAL RESEARCH AND TECHNOLOGY THAT CAN REDUCE THE IMPRINT OF ALL SECTORS ON THE ENVIRONMENT. IT IS THE INTERRELATEDNESS OF THE DISTRICT'S THREE AREAS OF FOCUS THAT WILL BE THE PRIMARY DRIVERS OF ECONOMIC DEVELOPMENT. THE DISTRICT'S DESIGN, AMENITIES, AND CHARACTER WILL APPEAL TO MANY PUBLIC AND PRIVATE INSTITUTIONS, BUT THE DISTRICT'S COMPETITIVE ADVANTAGE AND ITS ABILITY TO ADD VALUE TO GWINNETT COUNTY AND GEORGIA LIE IN THE UNIQUE COLLABORATION THAT CAN TAKE PLACE THERE. THE THREE AREAS OF FOCUS FOR THE DISTRICT- MEDICAL, AGRICULTURAL, AND ENVIRONMENTAL - ARE ALL DIRECTLY CORRELATED WITH ADVANCING PUBLIC HEALTH. EACH OF THESE AREAS OF PUBLIC HEALTH CANNOT ADVANCE WITHOUT CONSIDERATION OF ALL OF THEM. FOR INSTANCE, DIGITAL MONITORING OF CHEMICALS USED IN AGRICULTURE CAN REDUCE THE IMPACT OF CHEMICALS ON THE ENVIRONMENT AND IMPROVE THE HEALTH OF COMMUNITY MEMBERS. MORE EFFICIENT PRODUCTION OF FOOD CAN DECREASE THE AMOUNT OF LAND NEEDED FOR AGRICULTURE. THE GROWTH IN WHOLISTIC APPROACHES TO HEALTH RELY ON HEALTHY EATING AND CLEAN AIR AND WATER. NOT ONLY WILL RESEARCH AND OTHER ACTIVITIES TAKING PLACE IN THE DISTRICT FOCUS ON HEALTH AND THE ENVIRONMENT, AMONG OTHER DISCIPLINES, BUT THE DISTRICT ITSELF WILL PROMOTE HEALTHY LIFESTYLES BY DEVELOPING PARKS, WALK/RUN/BIKE PATHS AND SPACES FOR SOCIAL, BUSINESS, AND EDUCATIONAL GATHERINGS. | Desc |
| Total Program Service Expenses | $1,962,821 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | 0 | DescribedInSection501c3Ind |
| Schedule B Required | 0 | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | 0 | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | Yes (1) | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | 0 | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | Yes (1) | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | 0 | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 23 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 0 | EmployeeCnt |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 7 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 7 | IndependentVotingMemberCnt |
| Family Or Business Rln | Yes (1) | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | 0 | WhistleblowerPolicyInd |
| Document Retention Policy | 0 | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | GA | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | LOCKWOOD & SWALM LLC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 4046977473 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3715 NORTHSIDE PARKWAY 4-300 | AddressLine1Txt |
| City | ATLANTA | CityNm |
| State Abbreviation | GA | StateAbbreviationCd |
| ZIP | 30327 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part VII | Yes (X) | InfoInScheduleOPartVIIInd |
| No Listed Persons Compensated | Yes (X) | NoListedPersonsCompensatedInd |
Form990 Part VII Section A Form990PartVIISectionAGrp (12 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt |
|---|---|---|---|---|---|---|
| SACHIN D SHAILENDRA | ||||||
| DIRECTOR, CHAIR | 5.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| DR DEBORAH BRUNER | ||||||
| DIRECTOR | 5.00 | Yes (X) | $0 | $0 | $0 | |
| SAMUEL H HINTON | ||||||
| DIRECTOR | 5.00 | Yes (X) | $0 | $0 | $0 | |
| DR S JACK HU | ||||||
| DIRECTOR | 5.00 | Yes (X) | $0 | $0 | $0 | |
| DR JANN L JOSEPH | ||||||
| DIRECTOR | 5.00 | Yes (X) | $0 | $0 | $0 | |
| BERT REEVES | ||||||
| DIRECTOR | 5.00 | Yes (X) | $0 | $0 | $0 | |
| ARTHUR TRIPP | ||||||
| DIRECTOR | 5.00 | Yes (X) | $0 | $0 | $0 | |
| MASON AILSTOCK | ||||||
| CEO,TREASURER,SECRETARY(EX-OFFICIO) | 1.00 | Yes (X) | $0 | $0 | $0 | |
| TREY SWALM | ||||||
| CFO | 5.00 | Yes (X) | $0 | $0 | $0 | |
| ROBERT T GEOLAS | ||||||
| DIRECTOR, SECRETARY (RETD IN 2022) | 1.00 | Yes (X) | $0 | $0 | $0 | |
| ROBERT T HUGHES | ||||||
| DIRECTOR (RETIRED IN 2022) | 1.00 | Yes (X) | $0 | $0 | $0 | |
| THOMAS D SENKBELL | ||||||
| DIRECTOR, TREASURER (RETD IN 2022) | 1.00 | Yes (X) | $0 | $0 | $0 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $0 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $0 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 0 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | 0 | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| HR&A ADVISORS INC | |||||
| 99 HUDSON STREET 3RD FLOOR | NEW YORK | NY | 10013 | DEVELOPMENT & ECONOMIC ADVISORY, ADMINIS | $1,320,000 |
| HGOR | |||||
| 3525 PIEDMONT ROAD NE BLDG B STE | ATLANTA | GA | 30305 | LANDSCAPE ARCHITECTURE & PLANNING | $583,161 |
| KIMLEY-HORN & ASSOCIATES INC | |||||
| 1200 PEACHTREE STREETNE STE 800 | ATLANTA | GA | 30309 | PLANNING AND DESIGN CONSULTING | $426,126 |
| JACKSON SPALDING | |||||
| 1100 PEACHTREE STREET NE STE 1800 | ATLANTA | GA | 30309 | MARKETING/MEDIA MANAGEMENT | $349,318 |
| DAVINCI DEVELOPMENT COLLABERATIVE | |||||
| 3355 LENOX ROAD STE 1100 | ATLANTA | GA | 30326 | REAL ESTATE DEVELOPMENT ADVISORY | $149,088 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 7 | CntrctRcvdGreaterThan100KCnt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $106,398 | TotalRevenueColumnAmt |
| Exclusion | $106,398 | ExclusionAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $106,398 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $106,398 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part IX | Yes (X) | InfoInScheduleOPartIXInd |
Fees For Services Management FeesForServicesManagementGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,320,000 | TotalAmt |
| Program Services | $1,122,000 | ProgramServicesAmt |
| Management And General | $198,000 | ManagementAndGeneralAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $19,582 | TotalAmt |
| Program Services | $9,791 | ProgramServicesAmt |
| Management And General | $9,791 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $135,791 | TotalAmt |
| Program Services | $67,896 | ProgramServicesAmt |
| Management And General | $67,895 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $561,229 | TotalAmt |
| Program Services | $538,780 | ProgramServicesAmt |
| Management And General | $22,449 | ManagementAndGeneralAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $12,695 | TotalAmt |
| Management And General | $12,695 | ManagementAndGeneralAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $24,454 | TotalAmt |
| Management And General | $24,454 | ManagementAndGeneralAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $152,597 | TotalAmt |
| Program Services | $152,597 | ProgramServicesAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $24,996 | TotalAmt |
| Management And General | $24,996 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | LAND DONATION TO COUNTY | Desc |
| Total | $71,757 | TotalAmt |
| Program Services | $71,757 | ProgramServicesAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,323,101 | TotalAmt |
| Program Services | $1,962,821 | ProgramServicesAmt |
| Management And General | $360,280 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $220,720 | BOYAmt |
| EOY | $715,172 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $19,600 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $18,630 | BOYAmt |
| EOY | $23,764 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $71,573,120 | LandBldgEquipCostOrOtherBssAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $67,367,412 | BOYAmt |
| EOY | $71,573,120 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,976,600 | BOYAmt |
| EOY | $6,685,003 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $75,583,362 | BOYAmt |
| EOY | $79,016,659 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $283,551 | BOYAmt |
| EOY | $365,355 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $77,159,812 | BOYAmt |
| EOY | $81,065,538 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,828,189 | BOYAmt |
| EOY | $3,490,659 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $79,271,552 | BOYAmt |
| EOY | $84,921,552 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | -$3,688,190 | BOYAmt |
| EOY | -$5,904,893 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | -$3,688,190 | BOYAmt |
| EOY | -$5,904,893 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $75,583,362 | BOYAmt |
| EOY | $79,016,659 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | -$2,216,703 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule D IRS990ScheduleD
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $71,573,120 | OtherCostOrOtherBasisAmt |
| Book Value | $71,573,120 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $71,573,120 | TotalBookValueLandBuildingsAmt |
Other Assets Org OtherAssetsOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | RESTRICTED CASH AS LOAN RESERVE | Desc |
| Book Value | $6,685,003 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | $6,685,003 | TotalBookValueOtherAssetsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | INTEREST EXPENSE PAYABLE | Desc |
| Amt | $3,490,659 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $3,490,659 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $106,398 | TotalRevEtcAuditedFinclStmtAmt |
| Revenue Not Reported | $0 | RevenueNotReportedAmt |
| Revenue Subtotal | $106,398 | RevenueSubtotalAmt |
| Revenue Not Reported Fincl Stmt | $0 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $106,398 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $2,323,101 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Not Reported | $0 | ExpensesNotReportedAmt |
| Expenses Subtotal | $2,323,101 | ExpensesSubtotalAmt |
| Expenses Not Rpt Fincl Stmt | $0 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $2,323,101 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART X, LINE 2: | FormAndLineReferenceDesc |
| Explanation | GAAP PROVIDES GUIDANCE FOR HOW UNCERTAIN TAX POSITIONS SHOULD BE RECOGNIZED, MEASURED, PRESENTED, AND DISCLOSED IN THE FOUNDATION'S FINANCIAL STATEMENTS. MANAGEMENT HAS EVALUATED THE IMPLICATIONS OF THESE STANDARDS AND HAS NOT IDENTIFIED ANY UNCERTAIN TAX POSITIONS FOR THE FOUNDATION; THEREFORE, NO TAX EXPENSE OR ACCRUALS ARE INCLUDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. | ExplanationTxt |
Schedule L IRS990ScheduleL
Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp (3 entries)
| Relationship DescriptionRelationshipDescriptionTxt | TransactionTransactionAmt | TransactionTransactionDesc | Sharing Of RevenuesSharingOfRevenuesInd |
|---|---|---|---|
| MASON AILSTOCK | |||
| PARTNER IN HR&A ADVISORS, INC. | $1,320,000 | HR&A PROVIDES OPERATING, MARKETING, AND ADMINISTRATIVE SERVICES | 0 |
| ROBERT T GEOLAS | |||
| PARTNER IN HR&A ADVISORS, INC. | $1,320,000 | HR&A PROVIDES OPERATING, MARKETING, AND ADMINISTRATIVE SERVICES | 0 |
| ROBERT T HUGHES | |||
| FOUNDING PRINCIPAL AT HGOR | $583,161 | LANSCAPE ARCHITECTURE & PLANNING | 0 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | FORM 990, SCHEDULE L, PART IV: | FormAndLineReferenceDesc |
| Explanation | MSSRS. AILSTOCK AND GEOLAS ARE ONLY 2 OF 20 PARTNERS AT HR&A ADVISORS, THUS MAKING UP ONLY 10% OF HR&A'S OWNERSHIP GROUP. BOTH RECUSED THEMSELVES FROM ANY AND ALL DECISIONS REGARDING HR&A.MR. HUGHES IS 1 OF 5 PRINCIPALS AT HGOR, THUS MAKING UP 20% OF HGOR'S OWNERSHIP GROUP. MR. HUGHES RECUSES HIMSELF FROM ANY AND ALL DECISIONS REGARDING HGOR. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (8 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 2 | MASON AILSTOCK, CEO (SENIOR PRINCIPAL, HR&A ADVISORS, INC.) ROBERT GEOLAS, DIRECTOR (PARTNER, HR&A ADVISORS, INC.) |
| FORM 990, PART VI, SECTION B, LINE 11B | A COPY OF THE FORM 990 IS PROVIDED EITHER IN PAPER OR ELECTRONIC FORMAT TO ALL BOARD MEMBERS BEFORE IT IS FILED. |
| FORM 990, PART VI, SECTION B, LINE 12C | ANNUAL CONFLICT OF INTEREST STATEMENTS ARE REQUIRED FROM ALL BOARD MEMBERS AND OFFICERS. IN ADDITION, ALL BOARD MEMBERS AND OFFICER ARE ASKED TO EXCUSE THEMSELVES FROM ALL DECISIONS THAT INVOLVE THEM PERSONALLY. |
| FORM 990, PART VI, SECTION B, LINE 15 | COMPENSATION FOR TOP MANAGEMENT OFFICIALS, OFFICERS, AND KEY EMPLOYEES IS HANDLED BY THE BOARD WITHOUT THE PARTICIPATION OF THE INDIVIDUAL INVOLVED. AT THIS TIME, THERE ARE NO EMPLOYEE OFFICERS OR KEY EMPLOYEES. PRESENTLY, THE MANAGEMENT FUNCTION IS HANDLED BY A TURN-KEY CONSULTANT. THE CONTRACT WITH THE CONSULTANT WAS ESTABLISHED AT COMPETITIVE MARKET PRICES. AT SUCH TIME AS THE CORPORATION DOES HIRE EMPLOYEES COMPENSATION LEVELS WILL BE ESTABLISHED BY A COMPENSATION COMMITTEE OF THE BOARD FOLLOWING INDUSTRY GUIDELINES AND MARKET DATA. |
| FORM 990, PART VI, SECTION C, LINE 19 | GOVERNING DOCUMENTS AND INTERNAL POLICIES ARE GIVEN TO EMPLOYEES WHEN THEY ARE HIRED BY THE ORGANIZATION AND ARE AVAILABLE WITHIN THE ORGANIZATION'S OFFICE TO THOSE WHO FALL UNDER THEIR COVENENTS, BUT AS PROPRIETARY INFORMATION OF THE ORGANIZATION, THEY AND THE FINANCIAL STATEMENTS ARE NOT MADE AVAILABLE TO THE GENERAL PUBLIC. |
| PART VII, SECTION A: | MSSRS. AILSTOCK, GEOLAS, AND HUGHES DO NOT RECEIVE ANY DIRECT COMPENSATION FROM THE ORGANIZATION FOR THEIR WORK AS BOARD MEMBERS OF THE ORGANIZATION. THEIR COMPENSATION IS TIED TO THE PROFITABLILITY OF THEIR EMPLOYERS WHICH ARE INDEPENDENT CONTRATORS FOR THE ORGANIZATION, BUT NOT TO THE COMPENSATION DERIVED FROM THE SPECIFIC CONTRACTS WITH THE ORGANIZATION. |
| FORM 990, PART IX, LINE 11G | OPERATIONS & COMMUNICATIONS: PROGRAM SERVICE EXPENSES 538,780. MANAGEMENT AND GENERAL EXPENSES 22,449. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 561,229. |
| FORM 990, PART XII, LINE 2C: | THE PROCESS BY WHICH THE ORGANIZATION CHOOSES AN AUDITOR AND PREPARES ITS FINANCIALS HAS NOT CHANGED FROM THE PRIOR YEAR. |