North Georgia Technical College Foundation Inc
North Georgia Technical College Foundation maintains strong asset growth and zero liabilities with no reported officer compensation.
EIN: 201926910 · Clarkesville, GA · NTEE: B12 · Updated: 2026-03-28
Is North Georgia Technical College Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
North Georgia Technical College Foundation Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About North Georgia Technical College Foundation Inc
North Georgia Technical College Foundation Inc (EIN: 201926910) is a nonprofit organization based in Clarkesville, GA, classified under NTEE code B12. The organization reported total revenue of $857K and total assets of $2.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of North Georgia Technical College Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
North Georgia Technical College Foundation Inc is a small nonprofit that has been operating for 21 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 4.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $526K |
| Total Expenses | $506K |
| Surplus / Deficit | +$20K |
| Total Assets | $1.9M |
| Net Assets | $1.9M |
| Operating Margin | 3.8% |
| Months of Reserves | 44.9 months |
Financial Health Grade: A
In 2023, North Georgia Technical College Foundation Inc reported a surplus of $20K with revenue exceeding expenses, holds 44.9 months of operating reserves (strong position).
Financial Trends
Over 14 years of filings (2010–2023), North Georgia Technical College Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 4.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +10.0% | -30.4% | +5.8% |
| 2022 | -36.9% | +13.7% | -18.0% |
| 2021 | +20.8% | -5.6% | +13.6% |
| 2020 | -37.9% | +22.0% | +1.2% |
| 2019 | +27.9% | +24.0% | +40.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 North Georgia Technical College Foundation Inc with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, North Georgia Technical College Foundation Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $20K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that officers are either uncompensated or compensated through non-officer channels, which is highly favorable for directing funds to the organization's mission.
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 North Georgia Technical College Foundation Inc's IRS 990 filings:
- Lack of detailed functional expense breakdown (program, admin, fundraising) in provided data, making precise spending efficiency analysis difficult.
Strengths
The following positive indicators were identified for North Georgia Technical College Foundation Inc:
- 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).
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) some concerns. Mission Score: 90/100. 1 red flag identified, 5 strengths noted.
How does North Georgia Technical College Foundation Inc spend its money?
North Georgia Technical College Foundation Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to North Georgia Technical College Foundation Inc tax-deductible?
North Georgia Technical College Foundation Inc is registered as a tax-exempt nonprofit (EIN: 201926910). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is North Georgia Technical College Foundation Inc. financially stable?
Yes, the foundation appears financially stable, with assets growing from $651,441 in 2014 to $1,896,009 in 2023, and consistently reporting $0 in liabilities.
How does the organization manage executive compensation?
The organization reports 0% officer compensation in all available filings, suggesting a volunteer leadership or compensation structure that minimizes overhead in this area.
Has the organization experienced significant revenue fluctuations?
While generally stable, revenue has fluctuated, peaking at $1,010,702 in 2019 and dropping to $478,333 in 2022, before recovering to $526,224 in 2023.
What is the trend in the organization's assets?
Assets have shown a strong upward trend, increasing from $651,441 in 2014 to $1,896,009 in 2023, indicating effective asset management and growth.
Filing History
IRS 990 filing history for North Georgia Technical College Foundation Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), North Georgia Technical College Foundation Inc's revenue has grown by 68.6%, moving from $312K to $526K. Total assets increased by 369.1% over the same period, from $404K to $1.9M. Total functional expenses rose by 59.3%, from $318K to $506K. In its most recent filing year (2023), North Georgia Technical College Foundation Inc reported a surplus of $20K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $526K | $506K | $1.9M | $0 | — | — |
| 2022 | $478K | $728K | $1.8M | $0 | — | View 990 |
| 2021 | $759K | $640K | $2.2M | $0 | — | View 990 |
| 2020 | $628K | $678K | $1.9M | $0 | — | View 990 |
| 2019 | $1.0M | $555K | $1.9M | $0 | — | View 990 |
| 2018 | $790K | $448K | $1.4M | $0 | — | View 990 |
| 2017 | $655K | $364K | $1.0M | $0 | — | View 990 |
| 2016 | $301K | $274K | $701K | $0 | — | View 990 |
| 2015 | $341K | $324K | $656K | $0 | — | View 990 |
| 2014 | $277K | $242K | $651K | $0 | — | View 990 |
| 2013 | $436K | $361K | $616K | $0 | — | View 990 |
| 2012 | $296K | $210K | $524K | $0 | — | View 990 |
| 2011 | $219K | $191K | $426K | $0 | — | View 990 |
| 2010 | $312K | $318K | $404K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $526K, expenses of $506K, and assets of $1.9M (revenue +10.0% year-over-year).
- 2022: Revenue of $478K, expenses of $728K, and assets of $1.8M (revenue -36.9% year-over-year).
- 2021: Revenue of $759K, expenses of $640K, and assets of $2.2M (revenue +20.8% year-over-year).
- 2020: Revenue of $628K, expenses of $678K, and assets of $1.9M (revenue -37.9% year-over-year).
- 2019: Revenue of $1.0M, expenses of $555K, and assets of $1.9M (revenue +27.9% year-over-year).
- 2018: Revenue of $790K, expenses of $448K, and assets of $1.4M (revenue +20.6% year-over-year).
- 2017: Revenue of $655K, expenses of $364K, and assets of $1.0M (revenue +117.9% year-over-year).
- 2016: Revenue of $301K, expenses of $274K, and assets of $701K (revenue -11.8% year-over-year).
- 2015: Revenue of $341K, expenses of $324K, and assets of $656K (revenue +23.0% year-over-year).
- 2014: Revenue of $277K, expenses of $242K, and assets of $651K (revenue -36.4% year-over-year).
- 2013: Revenue of $436K, expenses of $361K, and assets of $616K (revenue +47.2% year-over-year).
- 2012: Revenue of $296K, expenses of $210K, and assets of $524K (revenue +35.0% year-over-year).
- 2011: Revenue of $219K, expenses of $191K, and assets of $426K (revenue -29.7% year-over-year).
- 2010: Revenue of $312K, expenses of $318K, and assets of $404K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for North Georgia Technical College Foundation Inc:
Data Sources and Methodology
This transparency report for North Georgia Technical College Foundation Inc 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.