Is North Georgia Technical College…

Quick charity verification for North Georgia Technical College Foundation Inc (EIN: 201926910)

Strengths

Consistent asset growth, from $651,441 in 2014 to $1,896,009 in 2023.
Zero reported liabilities across all 14 filings, indicating a very healthy balance sheet.
0% officer compensation reported, suggesting high efficiency in leadership costs.
Consistent filing of IRS Form 990s over 14 periods, demonstrating strong transparency.
Generally positive net income in most years, such as a $19,885 surplus in 2023 ($526,224 revenue vs. $506,339 expenses).

Spending Breakdown

How North Georgia Technical College Foundation Inc allocates its funds across programs, administration, and fundraising.

85%

Program Spending

Healthy — majority goes to mission

10%

Admin Costs

Reasonable — admin costs in check

Fundraising

Within typical range

How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.

How to Interpret This Report

What Red Flags Mean

Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.

What Mission Score Measures

The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.

Using This Data for Donation Decisions

Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.

Frequently Asked Questions about North Georgia Technical College Foundation Inc

Is North Georgia Technical College Foundation Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, North Georgia Technical College Foundation Inc (EIN: 201926910) appears trustworthy. Mission Score: 90/100. 1 red flag identified, 5 strengths noted.

Is North Georgia Technical College Foundation Inc a good charity to donate to?

North Georgia Technical College Foundation Inc has a Mission Score of 90/100. Revenue: $857K. Assets: $2.2M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for North Georgia Technical College Foundation Inc?

The Employer Identification Number (EIN) for North Georgia Technical College Foundation Inc is 201926910. This is the unique tax ID assigned by the IRS.

What is a Mission Score?

The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.

How does North Georgia Technical College Foundation Inc spend its money?

North Georgia Technical College Foundation Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify North Georgia Technical College Foundation Inc's tax-exempt status?

You can verify North Georgia Technical College Foundation Inc's tax-exempt status using EIN 201926910 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.

AI Transparency Report

The North Georgia Technical College Foundation Inc. demonstrates a generally stable financial position with consistent revenue streams over the past decade, averaging around $500,000 to $700,000 annually, though with some fluctuations, such as the peak revenue of $1,010,702 in 2019. The organization's assets have shown steady growth, increasing from $651,441 in 2014 to $1,896,009 in 2023, indicating good financial management and asset accumulation. A notable strength is the consistent reporting of zero liabilities across all available filings, suggesting a very healthy balance sheet and no reliance on debt.

Spending efficiency appears strong, as evidenced by the consistent reporting of 0% officer compensation, which implies that the organization's leadership is either volunteer-based or compensated through other means not classified as officer compensation, allowing more funds to be directed towards its mission. While a detailed breakdown of program, administrative, and fundraising expenses isn't provided in the summary data, the overall expense figures are generally lower than or in line with revenue, preventing significant deficits in most years. For instance, in 2023, expenses were $506,339 against revenues of $526,224, showing a surplus.

The organization's transparency is commendable given the consistent filing of IRS Form 990s over 14 periods, providing a clear historical financial record. The absence of officer compensation is a significant positive indicator for donors concerned about executive pay. However, without a detailed functional expense breakdown (program, admin, fundraising), it's challenging to fully assess the precise allocation of funds to its core mission versus overhead. Overall, the foundation appears to be a financially sound and responsibly managed entity supporting North Georgia Technical College.

Is North Georgia Technical College Foundation Inc Legit?

Verdict: North Georgia Technical College Foundation Inc appears trustworthy

Red Flags