ANNUAL REPORT 2022
ALETTERFROMOURPRESIDENT&CEO andNGCFBOARDCHAIR
The North Georgia Community Foundation spent 2022 on a path, alongside our fundholders, of growthandexpansioninavarietyofwayswhichyouwillseehighlightedthroughoutthisreport 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 GrantProgramming!
In2022,oneofourmostvisiblechangeswasmovingourofficeamiledowntheroadtothe6thfloor of the Pinnacle Bank building in Gainesville. This move had been carefully planned since 2019, and wewereexcitedtoseeitcometofruition.Inaddition,wewereabletocreatetheNGCFCommunity Room,ameetingspacefornonprofitsandbusinessorganizations.
These exciting accomplishments would not have been possible without our generous fundholders, theleadershipofourBoardofDirectors,andthetirelesseffortsofnonprofitswhoaddresstheneeds of those in our community As we celebrate the accomplishments of the year, we continuously look tothefuturetofindmorewaystobuildlegaciesandgrowourimpact,ForGood.ForEver.
NGCF2023BOARDOFDIRECTORS
EXECUTIVE COMMITTEE
Blair Diaz, Chair
Randall Frost, Vice-Chair
Chad Black
Tammy Caudell
Linda Foster
Dr Mary Gowan
Don Grimsley
Linda Hughes-Hardie
Brian Horton
Kristi Griffin, Treasurer Brian Steines, Secretary
BOARD MEMBERS
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
MICHELLE R. PRATER President & CEO BLAIR C. DIAZ Board Chair, 2022 - 2023Consolidated Statement of Financial Position
Fiscal Year Ended December 31, 2022
$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 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.
NUMBERSOFIMPACT
Charity Navigator 4 Star Rating: Since 2016.
ASSETS CurrentAssets CashandInvestments $92,670,289 Feesreceivables 312029 Otherreceivables 3,638 Prepaidexpensesanddeposits 20,034 TotalCurrentAssets 93,005,990 PropertyandEquipment,Net 2,430,088 Operatingleaseright-to-useasset,net 1,916,081 CashandInvestmentsHeldinTrust 9,513,880 TOTALASSETS $106,866,039 LIABILITIESANDNETASSETS CurrentLiabilities AccountsPayable $79,104 UnearnedRevenue 20,500 SecurityDeposits 640 Operatingleaseliability 176,810 Liabilitiesundersplitinterestagreements 590051 TotalCurrentLiabilities $867,105 LongTermLiabilities FundsHeldasAgencyEndowments $23,975,425 Operatingleaseliability 1739271 Liabilitiesundersplitinterestagreements 2,411,606 AnnuityLiabilities 86,874 TotalLongTermLiabilities 28,213,176 TOTALLIABILITIES $29,080,281 NetAssets Undesignated $70,930,508 Board-designated-reserves 1,167,753 Withdonorrestriction 5687497 TOTALNETASSETS $77,785,758 TOTALLIABILITIESANDNETASSETS $106,866,039 REVENUES,GAINS&OTHER SUPPORT Contributions $11,196,037 Rentals 133027 InvestmentRevenue 2,674,768 Netrealized/unrealized gain(loss)oninvestments (18,886,280) Changeinvalueofsplitinterestagreements (574581) SpecialEvents 258,309 FoundationFees,net 140,414 Administrativefeesandotherrevenues 239,147 Other 95,656 TotalRevenue,GainsandOther Support ($4,723,503) NetAssetsReleasedfromRestrictions Restrictionssatisfiedbypayments 0 TotalRevenue,Gains,Reclassifications ($4,723,503) andOtherSupport EXPENSESANDLOSSES ProgramServices GrantsAwarded $11,015,869 OtherProgramExpense 1,323,292 GeneralandAdministrative 362995 Fundraising 259,073 Costsofdirectbenefitstodonors 71,336 TotalExpenses $13,032,565 aa Lossonsaleofpropertyand equipment 0 TotalExpensesandLosses $13,032,565 aa INCREASE(DECREASE)INNETASSETS (17,756,068) BEGINNINGNETASSETS,(RESTATED) 95,541,826 ENDINGNETASSETS $77,785,758 242
NGCFGRANTPROGRAMS RabunCountySheriff'sOffice $65,000 G R A N T S
*denotesthatinadditiontotheNGCFgrantlisted,theorganization receivedamatchinggrantfromanNGCFfundholder Mental Health Clinician – salary for new position J'sPlaceRecoveryCenter $25,000 Recovery Treatment Assistance – to establish a scholarship program for treatment RebootJackson $20,000 Creating Lasting Family Connections Program - training for staff & volunteers St.PaulMethodistChurch $15,000* After School & Summer Enrichment Program - salary for a new part-time director ForsythCountySeniorServices $25,000* Social Worker for Elder Care – salary for a part-time position supporting elder care needs within the community 38Nonprofits across North Georgia G R A N T S C O M M U N
T
$468,172 ingrants, awarded to
O P P O R T U N I T Y
I
Y
The North Georgia Community Foundation Grant Programs seek to fund organizations and programs designed to improve the quality of life in North Georgia.
Over hours of in-person and online education provided for nonprofit organizations. Wherenonprofitsandcommunityorganizations canmeet,grow,andthrive. NONPROFITSUPPORT Buildings Campus NonprofitTenants 94 133 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
Where you can find us... OAKST. GAINESVILLE SQUARE NGCF'S NEW OFFICE 340 Jesse Jewell Pkwy SE Gainesville, Georgia 30501 Suite 605 NorthGeorgiaCommunityFoundation NGCF NONPROFIT COMMUNITY CENTER 615 Oak Street Gainesville, Georgia 30501 = EEBUTLER JJESSE EWELL ngcf.org 770-535-7880 WE MOVED! 340 Jesse Jewell Pkwy SE Suite 605 Gainesville, GA 30501 2022...IN @NorthGACommunityFoundation @NorthGACommunityFoundation @NorthGACF vimeo.com/ngcf scan to visit us on the web
