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Georgia Education Foundation Inc

EIN 45-4344273 · Atlanta, GA

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthWeak13 out of 100GovernanceGood82 out of 100Impact evidenceDescribes programsHow well its results are evidenced

Points to look into

  • It owes more than it owns.

These come from the organization's own tax return. There may be a good explanation; ask the charity.

What it says it does

TO PROVIDE EDUCATIONAL AND TRAINING OPPORTUNITIES FOR SMALL BUSINESS ENTERPRISES AND EMERGING ENTREPRENEURIAL IN ORDER TO DEVELOP CAPACITY THAT WILL DRIVE BUSINESS GROWTH AND CREATE JOBS.

Income
$73,033
Spending
$264,741
Spent on programs
63%
Reserves
-7.1 months of spending
Largest source of income
donations and private grants, 77%
Employees
2
Volunteers
15
Highest pay
$339,956, president/ce

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Weak: 13 out of 100. Higher than 3% of charities in its peer group (community improvement, under $250k).

  • Reserves

    0 of 35

    Spendable reserves are negative: it owes or has committed more than it holds.

  • Debt

    0 of 20

    It owes 362% of what it owns.

  • Living within its means

    0 of 15

    Spending exceeded income by 262% of income.

  • Income trend

    5 of 15

    Income fell 19% on the year before.

  • Spending floor

    8 of 15

    63% of spending went to programs and raising each dollar of donations cost 0 cents.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Good: 82 out of 100. Higher than 75% of charities in its peer group (community improvement, under $250k).

  • Independent board

    25 of 25

    6 of 6 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    8 of 8

    Has a written whistleblower policy.

  • Record keeping policy

    7 of 7

    Has a written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    0 of 10

    Did not give the board a copy of this return before filing it.

  • Pay set independently

    0 of 5

    Reports no independent review process for its chief executive's pay.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (1)
  1. $165,920 spent. THE MENTOR PROTEGE PROGRAM IS A BUSINESS DEVELOPMENT PROGRAM ADMINISTERED BY THE GEORGIA EDUCATION FOUNDATION, INC, THE EDUCATIONAL ARM OF GEORGIA MINORITY SUPPLIER DEVELOPMENT COUNCIL, INC (GMSDC). IT PROVIDES OPPORTUNITIES FOR GEORGIA SMALL BUSINESSES TO BENEFIT FROM A PARTNERSHIP WITH A CORPORATE MENTOR FOR A PERIOD OF ONE YEAR. EMERGING FIRMS CAN BUILD RELATIONSHIPS, EXPLORE NEW TECHNOLOGIES, LEARN ABOUT BEST PRACTICES AND BENEFIT FROM THE WISDOM OF CORPORATE EXECUTIVES WHO ARE COMMITTED TO THE LONG-TERM HEALTH AND OVERALL GROWTH OF SMALL BUSINESSES IN GEORGIA. THE GOAL OF THE PROGRAM IS TO HELP SMALL BUSINESSES TO BE SUCCESSFUL OVER THE LONG HAUL, BY HELPING THEM TO DEVELOP CAPACITY, ENHANCE THEIR SKILL SETS AND BECOME MORE COMPETITIVE. RESEARCH HAS SHOWN THAT ACCESS TO THE RIGHT KIND OF COACHING AND MENTORING SIGNIFICANTLY INCREASES THE SUCCESS RATE IN SMALL BUSINESS, WHILE BOTH THE MENTOR AND THE PROTEGE BENEFIT TREMENDOUSLY FROM THEIR INTERACTION. THE MENTOR PROTEGE PROGRAM IS A BUSINESS DEVELOPMENT PROGRAM ADMINISTERED BY THE GEORGIA EDUCATION FOUNDATION, INC, THE EDUCATIONAL ARM OF GEORGIA MINORITY SUPPLIER DEVELOPMENT COUNCIL, INC (GMSDC). IT PROVIDES OPPORTUNITIES FOR GEORGIA SMALL BUSINESSES TO BENEFIT FROM A PARTNERSHIP WITH A CORPORATE MENTOR FOR A PERIOD OF ONE YEAR. EMERGING FIRMS CAN BUILD RELATIONSHIPS, EXPLORE NEW TECHNOLOGIES, LEARN ABOUT BEST PRACTICES AND BENEFIT FROM THE WISDOM OF CORPORATE EXECUTIVES WHO ARE COMMITTED TO THE LONG-TERM HEALTH AND OVERALL GROWTH OF SMALL BUSINESSES IN GEORGIA. THE GOAL OF THE PROGRAM IS TO HELP SMALL BUSINESSES TO BE SUCCESSFUL OVER THE LONG HAUL, BY HELPING THEM TO DEVELOP CAPACITY, ENHANCE THEIR SKILL SETS AND BECOME MORE COMPETITIVE. RESEARCH HAS SHOWN THAT ACCESS TO THE RIGHT KIND OF COACHING AND MENTORING SIGNIFICANTLY INCREASES THE SUCCESS RATE IN SMALL BUSINESS, WHILE BOTH THE MENTOR AND THE PROTEGE BENEFIT TREMENDOUSLY FROM THEIR INTERACTION.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated September 30, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated September 10, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending December 2024.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since September 2013.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 7, 2026.

  7. Could it be confused with another charity? Worth knowing.

    A much larger organization has a similar name: Georgia Tech Foundation Inc (Atlanta, GA), EIN 58-6043294. If that is the one you meant, check the EIN before giving.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.