Georgia Gwinnett College Foundationinc
Georgia Gwinnett College Foundation consistently generates revenue exceeding expenses, maintaining substantial assets largely offset by liabilities, with no reported officer compensation.
EIN: 205107997 · Lawrenceville, GA · NTEE: B11 · Updated: 2026-03-28
Is Georgia Gwinnett College Foundationinc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Georgia Gwinnett College Foundationinc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Georgia Gwinnett College Foundationinc
Georgia Gwinnett College Foundationinc (EIN: 205107997) is a nonprofit organization based in Lawrenceville, GA, classified under NTEE code B11. The organization reported total revenue of $11.2M and total assets of $161.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Georgia Gwinnett College Foundationinc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Georgia Gwinnett College Foundationinc is a large nonprofit that has been operating for 19 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of -0.2%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $9.9M |
| Total Expenses | $6.8M |
| Surplus / Deficit | +$3.1M |
| Total Assets | $161.1M |
| Total Liabilities | $132.1M |
| Net Assets | $29.0M |
| Operating Margin | 31.3% |
| Debt-to-Asset Ratio | 82.0% |
| Months of Reserves | 283.6 months |
Financial Health Grade: A
In 2024, Georgia Gwinnett College Foundationinc reported a surplus of $3.1M with revenue exceeding expenses, holds 283.6 months of operating reserves (strong position), has a debt-to-asset ratio of 82.0% (high leverage).
Financial Trends
Over 14 years of filings (2011–2024), Georgia Gwinnett College Foundationinc's revenue has declined at a compound annual growth rate (CAGR) of -0.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +10.0% | -17.4% | -1.6% |
| 2023 | -21.7% | -3.9% | -7.7% |
| 2022 | +13.8% | +22.1% | -3.1% |
| 2021 | +1.5% | -10.2% | -2.2% |
| 2020 | -8.2% | +3.6% | -1.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2007 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Georgia Gwinnett College Foundationinc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Georgia Gwinnett College Foundationinc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $3.1M, with revenue exceeding expenses.
- Debt-to-asset ratio: 82.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that top executives are either uncompensated or compensated through mechanisms not categorized as officer compensation on the IRS Form 990, which is a positive indicator for minimizing administrative overhead.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Georgia Gwinnett College Foundationinc's IRS 990 filings:
- High ratio of liabilities to assets, consistently above 70% (e.g., $132,124,905 liabilities vs. $161,132,382 assets in 202406), which warrants further investigation into the nature of these obligations.
- Lack of detailed expense breakdown (program, admin, fundraising) in the provided summary data, making it difficult to fully assess spending efficiency.
Strengths
The following positive indicators were identified for Georgia Gwinnett College Foundationinc:
- Consistent revenue generation exceeding expenses, indicating financial stability (e.g., $9,921,420 revenue vs. $6,817,476 expenses in 202406).
- No reported officer compensation across all filings, suggesting efficient use of funds for leadership or alternative compensation structures.
- Substantial and growing asset base, indicating long-term financial capacity ($161,132,382 in 202406).
- Positive net assets (Assets - Liabilities) consistently maintained, albeit with a high liability ratio.
Frequently Asked Questions about Georgia Gwinnett College Foundationinc
Is Georgia Gwinnett College Foundationinc a legitimate charity?
Based on AI analysis of IRS 990 filings, Georgia Gwinnett College Foundationinc (EIN: 205107997) some concerns. Mission Score: 75/100. 2 red flags identified, 4 strengths noted.
How does Georgia Gwinnett College Foundationinc spend its money?
Georgia Gwinnett College Foundationinc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Georgia Gwinnett College Foundationinc tax-deductible?
Georgia Gwinnett College Foundationinc is registered as a tax-exempt nonprofit (EIN: 205107997). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What is the nature of the significant liabilities ($132,124,905 in 202406) relative to assets ($161,132,382)?
The IRS 990 filings show a consistent pattern of high liabilities relative to assets. This could indicate that a large portion of the foundation's assets are restricted endowments, funds held for the college, or other specific obligations rather than unrestricted funds available for discretionary spending. Further detail would be needed from the full financial statements to understand the composition of these liabilities.
How does the foundation allocate its expenses between program services, administration, and fundraising?
The provided data does not offer a detailed breakdown of expenses into program, administrative, and fundraising categories. While total expenses are consistently lower than revenue, a specific percentage allocation is not available from the summary data, making it difficult to precisely assess spending efficiency in these areas.
What is the specific impact of the foundation's activities on Georgia Gwinnett College?
As a college foundation, its primary mission is to support Georgia Gwinnett College. The consistent revenue generation and asset base suggest ongoing support, likely through scholarships, program funding, and capital projects. However, the specific programs and amounts directly benefiting the college are not detailed in the summary financial data.
Filing History
IRS 990 filing history for Georgia Gwinnett College Foundationinc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Georgia Gwinnett College Foundationinc's revenue has declined by 3.1%, moving from $10.2M to $9.9M. Total assets decreased by 2.4% over the same period, from $165.1M to $161.1M. Total functional expenses fell by 25%, from $9.1M to $6.8M. In its most recent filing year (2024), Georgia Gwinnett College Foundationinc reported a surplus of $3.1M, with revenue exceeding expenses. The organization holds $132.1M in liabilities against $161.1M in assets (debt-to-asset ratio: 82.0%), resulting in net assets of $29.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $9.9M | $6.8M | $161.1M | $132.1M | — | View 990 |
| 2023 | $9.0M | $8.3M | $163.7M | $138.6M | — | View 990 |
| 2022 | $11.5M | $8.6M | $177.3M | $152.8M | — | View 990 |
| 2021 | $10.1M | $7.0M | $182.9M | $159.8M | — | View 990 |
| 2020 | $10.0M | $7.8M | $187.0M | $167.7M | — | View 990 |
| 2019 | $10.9M | $7.6M | $189.9M | $172.7M | — | View 990 |
| 2018 | $14.1M | $8.2M | $192.5M | $178.6M | — | View 990 |
| 2017 | $14.5M | $10.8M | $187.8M | $181.0M | — | View 990 |
| 2016 | $13.7M | $11.4M | $182.3M | $180.9M | — | View 990 |
| 2015 | $13.0M | $10.9M | $181.3M | $181.0M | — | View 990 |
| 2014 | $13.2M | $11.3M | $179.8M | $181.4M | — | View 990 |
| 2013 | $12.4M | $13.2M | $180.5M | $183.6M | — | View 990 |
| 2012 | $11.5M | $10.5M | $184.5M | $189.1M | — | View 990 |
| 2011 | $10.2M | $9.1M | $165.1M | $167.5M | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $9.9M, expenses of $6.8M, and assets of $161.1M (revenue +10.0% year-over-year).
- 2023: Revenue of $9.0M, expenses of $8.3M, and assets of $163.7M (revenue -21.7% year-over-year).
- 2022: Revenue of $11.5M, expenses of $8.6M, and assets of $177.3M (revenue +13.8% year-over-year).
- 2021: Revenue of $10.1M, expenses of $7.0M, and assets of $182.9M (revenue +1.5% year-over-year).
- 2020: Revenue of $10.0M, expenses of $7.8M, and assets of $187.0M (revenue -8.2% year-over-year).
- 2019: Revenue of $10.9M, expenses of $7.6M, and assets of $189.9M (revenue -22.7% year-over-year).
- 2018: Revenue of $14.1M, expenses of $8.2M, and assets of $192.5M (revenue -3.1% year-over-year).
- 2017: Revenue of $14.5M, expenses of $10.8M, and assets of $187.8M (revenue +5.6% year-over-year).
- 2016: Revenue of $13.7M, expenses of $11.4M, and assets of $182.3M (revenue +5.9% year-over-year).
- 2015: Revenue of $13.0M, expenses of $10.9M, and assets of $181.3M (revenue -1.5% year-over-year).
- 2014: Revenue of $13.2M, expenses of $11.3M, and assets of $179.8M (revenue +6.3% year-over-year).
- 2013: Revenue of $12.4M, expenses of $13.2M, and assets of $180.5M (revenue +7.4% year-over-year).
- 2012: Revenue of $11.5M, expenses of $10.5M, and assets of $184.5M (revenue +12.6% year-over-year).
- 2011: Revenue of $10.2M, expenses of $9.1M, and assets of $165.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Georgia Gwinnett College Foundationinc:
Data Sources and Methodology
This transparency report for Georgia Gwinnett College Foundationinc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.