2017-05-15T09:26:10-05:00 2016-06-30 SMITH & HOWARD PC 271 17TH STREET SUITE 1600 ATLANTA GA 30363 990 2015-07-01 202178473 GREATER ATLANTA CHRISTIAN FOUNDATION INC % JOSHUA THOMASON GREA 7702432000 1575 INDIAN TRAIL ROAD NORCROSS GA 300932614 DR DAVID L FINCHER President 7702432000 2017-05-15 true MARK ABRAMS P01081549 4048746244 2017-05-15 2015 2021-01-29 14:40:06Z DR DAVID L FINCHER 1575 INDIAN TRAIL ROAD NORCROSS GA 300932614 15238075 false X N/A X 2005 GA TO IMPROVE AND EXPAND THE MISSION OF GREATER ATLANTA CHRISTIAN SCHOOLS, INC., A 501(C)(3) ORGANIZATION. 20 14 0 0 0 0 4546 0 0 4481618 1636821 0 0 4481618 1641367 0 0 0 0 0 0 0 0 0 152463 102557 152463 102557 4329155 1538810 51838228 49241071 4680 4280 51833548 49236791 X THE GREATER ATLANTA CHRISTIAN FOUNDATION IS A SUPPORTING ORGANIZATION OF GREATER ATLANTA CHRISTIAN SCHOOLS, INC (FEIN 58-0960612). THE FOUNDATION IMPROVES AND EXPANDS THE MISSION OF GREATER ATLANTA CHRISTIAN SCHOOLS, INC BY SECURING FINANCIAL SUPPORT FROM A VARIETY OF SOURCES AND BY CONSIDERING AND SELECTING APPROPRIATE INVESTMENT OF THE ASSETS OF THE FOUNDATION FOR THE LONG-TERM BENEFIT OF THE FOUNDATION AND FOR GREATER ATLANTA CHRISTIAN SCHOOLS, INC. false false 0 SELECTING APPROPRIATE INVESTMENTS AND DETERMINING APPROPRIATE EXPENDITURES FOR THE LONG-TERM BENEFIT OF THE FOUNDATION AND FOR GREATER ATLANTA CHRISTIAN SCHOOLS, INC. 0 true false false false false false false false false true false true false false true true false true false false true false false false false false false false false true false false false false false false false false false false false false false true false false false true 1 0 true 0 false false false false false false false false false false X 20 14 true false false false false false false true true false false true true true true true true true true false GA X JOSHUA THOMASON 7702432000 1575 INDIAN TRAIL ROAD NORCROSS GA 300932614 X Joe Arnold Board Member 1.0 1.0 X 0 0 0 Ed Bastian Board Member 1.0 0.0 X 0 0 0 Ulrich Brechbuhl Board Member 1.0 0.0 X 0 0 0 Gary Chamblee Board Member 1.0 0.0 X 0 0 0 Jim Combee Board Member 1.0 1.0 X 0 0 0 Jim Conkel Board Member 1.0 1.0 X 0 0 0 Brad Dinsmore Secretary/Treasurer 1.0 0.0 X 0 0 0 Steve Eaton Chair 1.0 1.0 X 0 0 0 Lee Freeman Board Member 1.0 1.0 X 0 0 0 Bart Harper Board Member 1.0 1.0 X 0 0 0 William Long Board Member 1.0 1.0 X 0 0 0 Fernando Nasmyth Vice Chair 1.0 1.0 X 0 0 0 Terry Nichols Board Member 1.0 0.0 X 0 0 0 Mac Schneider Board Member 1.0 0.0 X 0 0 0 Billy Schroer Board Member 1.0 1.0 X 0 0 0 Dr Todd Stewart Board Member 1.0 1.0 X 0 0 0 Tom Tabor Board Member 1.0 1.0 X 0 0 0 Jim Tidwell Board Member 1.0 1.0 X 0 0 0 Melanie Walton Board Member 1.0 0.0 X 0 0 0 John Wood Board Member 1.0 1.0 X 0 0 0 Dr David Fincher President 5.0 55.0 X 0 1750469 22780 Joshua Thomason Finance Officer 5.0 55.0 X 0 127669 22033 0 1878138 44813 0 false true false Raymond James 880 Carillon Parkway ST PETERSBURG FL 33716 INVESTMENT ADVISORS 130547 1 X 4546 4546 0 1372262 1372262 0 0 0 0 0 13861267 13596708 264559 264559 264559 0 0 0 0 1641367 1636821 0 0 0 0 0 0 0 0 0 0 0 4280 4280 0 0 0 98277 0 98277 0 0 0 0 0 0 0 0 0 0 0 0 0 0 102557 0 102557 0 X 0 0 3665673 4079854 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 43095364 40381069 5077191 4780148 0 0 0 0 0 0 51838228 49241071 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 4680 4280 4680 4280 X 31643103 30195573 13103965 11914943 7086480 7126275 51833548 49236791 51838228 49241071 X 1538810 -3339378 -796189 X false true X true false X X 1 GREATER ATLANTA CHRISTIAN SCHOOLS INC 580960612 2 true 892805 0 1 892805 true false false false false false false false false false false false false false false true false false false 51833548 101162 -1702556 995362 49236792 42969591 8988207 885182 1009432 51833548 37811179 212054 5867939 921581 42969591 33537968 979950 4169573 671712 204600 37811179 34993309 209558 -208542 1248385 207972 33537968 0.61330 0.14470 0.24200 false false 4578545 F MUTUAL FUNDS 201603 F 4780148 0 DUE TO GREATER ATLANTA CHRISTI 4280 4280 X INTENDED USE OF THE ORGANIZATION'S ENDOWMENT FUNDS THERE ARE CURRENTLY SIX MAJOR ENDOWMENT FUNDS OF THE GREATER ATLANTA CHRISTIAN FOUNDATION AND EACH IMPROVES OR EXPANDS THE MISSION OF GREATER ATLANTA CHRISTIAN SCHOOLS, INC. IN A SPECIFIC WAY. THE SIX MAJOR ENDOWMENT FUNDS ARE THE SUSTAINING ENDOWMENT, ACADEMIC SUPPORT ENDOWMENT, FACULTY QUALITY & GROWTH ENDOWMENT, CHRISTIAN LIFE ENDOWMENT, FINANCIAL AID ENDOWMENT, AND THE FACILITY CARE ENDOWMENT. ORGANIZATION'S LIABILITY FOR UNCERTAIN TAX POSITIONS UNDER ASC 740 GACS AND CASE ARE RECOGNIZED AS ORGANIZATIONS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE(THE "CODE"). THE FOUNDATION IS RECOGNIZED AS A SUPORRTING ORGANIZATION OF GACS AND IS ALSO EXEMPT FROM INCOME TAXES. ONLY UNRELATED BUSINESS INCOME AS DEFINED BY SECTION 512(A)(1) OF THE CODE IS SUBJECT TO INCOME TAXES. UNDER THE CODE, THE TAXABLE ACTIVITIES OF GRR AND NHR ARE ALLOWED TO BE REPORTED IN CONJUNCTION WITH ACTIVITIES OF CACS FOR TAX REPORTING PURPOSES. DURING 2016 AND 2015, ALL THE ACTIVITIES OF grr AND nhr QUALIFY AS EXEMPT ACTIVITIES AND DO NOT GIVE RISE TO UNRELATED BUSINESS INCOME. THE SCHOOL ANNUALLY EVALUATES ALL FEDERAL AND STATE INCOME TAX POSITIONS. THIS PROCESS INCLUDES AN ANALYSIS OF WHETHER THESE INCOME TAX POSITIONS THE SCHOOL TAKES MEET THE DEFINITION OF AN UNCERTAIN TAX POSITION UNDER THE INCOME TAXES TOPIC OF THE FINANCIAL ACCOUNTING STANDARDS CODIFICATION. IN THE NORMAL COURSE OF BUSINESS, THE SCHOOL IS SUBJECT TO EXAMINATION BY THE FEDERAL AND STATE TAXING AUTHORITIES. IN GENERAL, THE SCHOOL IS NO LONGER SUBJECT TO TAX EXAMINATIONS FOR TAX YEARS ENDING BEFORE JUNE 30, 2013. Central America and the Caribbean Investments false false false false false false X false true X X X X false true false false false false false false false Dr David Fincher President 0 250469 0 0 0 1500000 0 13951 0 9261 0 1773681 0 0 BENEFITS PROVIDED TO AN OFFICER, DIRECTOR, TRUSTEE OR KEY EMPLOYEE THE RELATED SCHOOL PAYS MONTHLY MEMBERSHIP FEES FOR AN OFFICER TO CONDUCT VARIOUS BUSINESS MATTERS. POLICY REGARDING PAYMENT OR REIMURSEMENT OF EXPENSES FROM LINE 1A THE SAME COMMITTEE OF THE BOARD THAT DETERMINES OFFICER COMPENSATION ALSO APPROVED THE PAYMENT OF MEMBERSHIP FEES. THE MEMBERSHIPS ARE SEEN AS NECESSARY BUSINESS EXPENSES RELATED TO THE OFFICER'S ROLE IN THE ORGANIZATION. THE BENEFITS OBTAINED THROUGH THOSE MEMBERSHIPS (FUNDRAISING AND PUBLIC RELATIONS) FAR OUTWEIGH THE COSTS. SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN DAVID L FINCHER, PRESIDENT OF GREATER ATLANTA CHRISTIAN FOUNDATION, INC. AND THE RELATED ORGANIZATION GREATER ATLANTA CHRISTIAN SCHOOLS, INC., PARTICIPATES IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN THROUGH GREATER ATLANTA CHRISTIAN SCHOOLS, INC. DURING 2007, THE GREATER ATLANTA CHRISTIAN SCHOOLS, INC. BOARD APPROVED A DEFERRED COMPENSATION PLAN FOR THE BENEFIT OF DR. FINCHER. DR. FINCHER WILL VEST IN THE PLAN UPON INVOLUNTARY SEPARATION FROM SERVICE OR ATTAINING AGE 65. THE PAYOUT FOR THE DEFERRED COMPENSATION PLAN IS A LUMP SUM AMOUNT OF $1,500,000. DR. FINCHER WILL RECEIVE THE PAYMENT UNDER THE FOLLOWING CONDITIONS: - ATTAINING AGE 65 AND STILL EMPLOYED AT THE SCHOOL - TERMINATION WITHOUT CAUSE - PERMANENTLY DISABLED, ONCE REACHING AGE 65 - UPON DEATH, HIS HEIRS ARE ENTITLED TO THE PAYMENT WHEN HE WOULD HAVE REACHED 65 YEARS OF AGE. THE SCHOOL HAS A LIFE INSURANCE POLICY ON DR. FINCHER TO PAY HIS HEIRS; THE POLICY CANCELS WHEN DR. FINCHER REACHES AGE 65. As of June 30, 2016, the deferred compensation plan has met one of the above conditions and has been paid out in its entirety to David L Fincher. COMPENSATION FROM A RELATED ORGANIZATION DAVID L FINCHER RECEIVES COMPENSATION FROM A RELATED ORGANIZATION, GREATER ATLANTA CHRISTIAN SCHOOLS, INC. DR. FINCHER'S COMPENSATION IS PAID ENTIRELY BY THE SCHOOL; HE RECEIVES NO COMPENSATION FROM GREATER ATLANTA CHRISTIAN FOUNDATION, INC. OFFICER, DIRECTOR, TRUSTEE OR KEY EMPLOYEE FAMILY/BUSINESS RELATIONSHIPS JAMES E COMBEE (DIRECTOR) AND BART HARPER (DIRECTOR) - FAMILY & BUSINESS RELATIONSHIP James E Combee (Director) and Tom Tabor (Director) - Family & Business Relationship TODD STEWART (DIRECTOR) AND JAMES J TIDWELL (DIRECTOR) - FAMILY RELATIONSHIP Bart Harper (Director) and Tom Tabor (Director) - Family & Business Relationship PROCESS THE ORGANIZATION USES TO REVIEW THE FORM 990 The Form 990 is distributed electronically to all board members of Greater Atlanta Christian Foundation for their review at least one week before the filing deadline. All questions, comments, and corrections made by the board members are addressed before the return is filed. The return is reviewed in detail by the External Reporting Committee of the board. HOW THE CONFLICT OF INTEREST POLICY IS MONITORED AND ENFORCED On an annual basis the board reviews the conflict of interest policy, completes the questionnaire, and acknowledges by signature their compliance with the policy. The questionnaires are reviewed by the board, management and auditors annually. Board members refrain from both discussion and voting on all matters related to the conflict. PROCESS FOR DETERMINING COMPENSATION NO COMPENSATION WAS PAID FROM THE GREATER ATLANTA CHRISTIAN FOUNDATION, INC. DAVID L FINCHER AND JOSHUA THOMASON RECEIVE COMPENSATION FROM A RELATED ORGANIZATION, GREATER ATLANTA CHRISTIAN SCHOOLS, INC. DR. FINCHER'S AND MR.THOMASON'S COMPENSATION IS PAID ENTIRELY BY THE SCHOOL; THEY RECEIVE NO COMPENSATION FROM GREATER ATLANTA CHRISTIAN FOUNDATION, INC. Process of Compensation review The Greater Atlanta Christian Foundation, Inc. does not compensate any officers or directors; all compensation is paid by the related school, Greater Atlanta Christan School. The External reporting and compensation (ERC) committee is made up of independent board members, and is responsible for determining and setting the annual compensation of the officers and key employees of GACS. The committee uses comparability data from MISBO, NAIS, and other applicable organizations and surveys. HOW THE ORGANIZATION MAKES DOCUMENTS AVAILABLE TO THE PUBLIC The GAC Foundation makes its governing documents, conflict of interest policy, and financial statements available to the public upon request. OTHER CHANGES IN NET ASSETS OR FUND BALANCES -796,189 Transfers to a related organization GREATER ATLANTA CHRISTIAN SCHOOLS INC 1575 INDIAN TRAIL ROAD NORCROSS GA 30093 580960612 SCHOOL GA 501(C)(3) 2 N/A false Central Africa School of Excellence 1575 Indian Trail Road Norcross GA 30093 471230312 School RW 501(c)(3) 2 NA false false false false false true false false false false false false false false true true false false true true