2022 NGCF Annual Report

ANNUAL REPORT 2022

A LETTER FROM OUR PRESIDENT & CEO and NGCF BOARD CHAIR The North Georgia Community Foundation spent 2022 on a path, alongside our fundholders, of growth and expansion in a variety of ways which you will see highlighted throughout this report. We provided enriching nonprofit educational opportunities, distributed a record-breaking amount of scholarship funding and awarded 43 nonprofit organizations a total of $618,172 through our NGCF Grant Programming!

In 2022, one of our most visible changes was moving our office a mile down the road to the 6th floor of the Pinnacle Bank building in Gainesville. This move had been carefully planned since 2019, and we were excited to see it come to fruition. In addition, we were able to create the NGCF Community Room, a meeting space for nonprofits and business organizations.

These exciting accomplishments would not have been possible without our generous fundholders, the leadership of our Board of Directors, and the tireless efforts of nonprofits who address the needs of those in our community. As we celebrate the accomplishments of the year, we continuously look to the future to find more ways to build legacies and grow our impact, For Good. For Ever.

BLAIR C. DIAZ Board Chair, 2022 - 2023

MICHELLE R. PRATER President & CEO

NGCF 2023 BOARD OF DIRECTORS EXECUTIVE COMMITTEE

Blair Diaz, Chair Randall Frost, Vice-Chair

Kristi Griffin, Treasurer Brian Steines, Secretary

BOARD MEMBERS Chad Black Tammy Caudell Linda Foster Dr. Mary Gowan Don Grimsley Linda Hughes-Hardie Brian Horton

Cal Johnson Tom Johnston Christine Jones Mary Helen McGruder Steven Mickens Tracy Moon

Ann Nixon Tate O'Rouke Lydia Sartain Robert Shippey John Vardeman Brian Whalen Mary Hart Wilheit

NUMBERS OF IMPACT Consolidated Statement of Financial Position Fiscal Year Ended December 31, 2022

ASSETS

REVENUES, GAINS & OTHER SUPPORT

Current Assets Cash and Investments

$92,670,289

Contributions

$11,196,037

Fees receivables

312,029

Rentals

133,027

Other receivables

3,638

Investment Revenue

2,674,768

Prepaid expenses and deposits

20,034

(18,886,280)

Total Current Assets

93,005,990

Net realized/unrealized gain (loss) on investments Change in value of split interest agreements

(574,581)

Special Events

258,309

Foundation Fees, net

140,414

Administrative fees and other revenues

239,147

Other

95,656

Total Revenue, Gains and Other Support

($4,723,503)

Net Assets Released from Restrictions Restrictions satisfied by payments

0

Total Revenue, Gains, Reclassifications

($4,723,503)

aa

Property and Equipment, Net

2,430,088

Operating lease right-to-use asset, net

1,916,081

Cash and Investments Held in Trust

9,513,880

TOTAL ASSETS

$106,866,039

aa

LIABILITIES AND NET ASSETS Current Liabilities Accounts Payable

$79,104

Unearned Revenue

20,500

Security Deposits

640

Operating lease liability

176,810

Liabilities under split interest agreements

590,051

Total Current Liabilities

$867,105

aa

Long Term Liabilities

and Other Support

EXPENSES AND LOSSES Program Services Grants Awarded

$11,015,869

Other Program Expense

1,323,292

General and Administrative

362,995

Fundraising

259,073

Costs of direct benefits to donors

71,336 $13,032,565

Funds Held as Agency Endowments

$23,975,425

Operating lease liability

1,739,271

Liabilities under split interest agreements

2,411,606

Annuity Liabilities

86,874

Total Expenses

Total Long Term Liabilities

28,213,176

aa

TOTAL LIABILITIES

$29,080,281

aa

Net Assets

Loss on sale of property and equipment

0

Total Expenses and Losses

$13,032,565

Undesignated

$70,930,508

aa

Board-designated-reserves

1,167,753

INCREASE (DECREASE) IN NET ASSETS

(17,756,068)

With donor restriction

5,687,497

BEGINNING NET ASSETS, (RESTATED)

95,541,826

TOTAL NET ASSETS

$77,785,758

ENDING NET ASSETS

$77,785,758

aa

TOTAL LIABILITIES AND NET ASSETS

$106,866,039

$11.5 MILLION total grants and scholarships

9.3% Since 2004, NGCF has an annualized return of 9.3% for its investment portfolio, a higher average than its peers.

$502 THOUSAND awarded through 242 scholarships

National Standards for U.S. Community Foundations: Since 2005. NGCF was the first foundation in Georgia to achieve.

Candid Platinum Seal of Transparency: Previously through GuideStar; NGCF has earned annually since 2019.

Charity Navigator 4 Star Rating: Since 2016.

NGCF GRANT PROGRAMS

in grants, awarded to

38 Nonprofits across

GRANTS

OPPORTUNITY

North Georgia

GRANTS

$468,172

COMMUNITY

The North Georgia Community Foundation Grant Programs seek to fund organizations and programs designed to improve the quality of life in North Georgia.

Rabun County Sheriff's Office $65,000 Mental Health Clinician – salary for new position

Forsyth County Senior Services $25,000* Social Worker for Elder Care – salary for a part-time position supporting elder care needs within the community

J's Place Recovery Center $25,000 Recovery Treatment Assistance – to establish a scholarship program for treatment

Reboot Jackson $20,000 Creating Lasting Family Connections Program - training for staff & volunteers

St. Paul Methodist Church $15,000* After School & Summer Enrichment Program - salary for a new part-time director *denotes that in addition to the NGCF grant listed, the organization received a matching grant from an NGCF fundholder.

NONPROFIT SUPPORT

Buildings Campus Nonprofit Tenants

94

Over hours of in-person and online education provided for nonprofit organizations.

133

Where nonprofits and community organizations can meet, grow, and thrive.

We are thankful for the donors who came alongside our vision to create this space:

The Fockele Family | The Anne & George Thomas Family Starlet & George Jones | W. Frank & Lillie Mae Green Community Fund Capstone Property Group

IN

. . .

2 2 20

WE MOVED!

Where you can find us...

340 Jesse Jewell Pkwy SE Suite 605 Gainesville, GA 30501

NGCF'S NEW OFFICE 340 Jesse Jewell Pkwy SE Gainesville, Georgia 30501 Suite 605 E JESS ELL JEW

R UTLE EE B

770-535-7880

ngcf.org

NorthGeorgiaCommunityFoundation

GAINESVILLE SQUARE

@NorthGACommunityFoundation @NorthGACommunityFoundation @NorthGACF

ST. OAK

NGCF NONPROFIT COMMUNITY CENTER 615 Oak Street Gainesville, Georgia 30501 =

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