Georgia Business Council Inc
Public records show a registered, tax-exempt organization in good standing.
Points to look into
- Only 32% of its spending went to programs.
These come from the organization's own tax return. There may be a good explanation; ask the charity.
What it says it does
TO FOSTER AND EXPAND MUTUALLY BENEFICIAL ECONOMIC OPPORTUNITIES BETWEEN CERTIFIED MINORITY BUSINESS ENTERPRISES (MBEs) CORPORATIONS, AND GOVERNMENT ENTITIES WITHIN THE STATE OF GEORGIA; AND TO HELP BUILD A STRONGER,
- Income
- $2.2 million
- Spending
- $1.6 million
- Spent on programs
- 32%
- Reserves
- 28.8 months of spending
- Largest source of income
- fees for its services, 57%
- Employees
- 0
- Volunteers
- 25
- Highest pay
- $341,221, president & ceo
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
Good: 85 out of 100.
Reserves
35 of 35Spendable reserves would cover 28.8 months of spending.
Debt
20 of 20It owes 4% of what it owns.
Living within its means
15 of 15Income exceeded spending by 30% of income.
Income trend
15 of 15Income rose 2% on the year before.
Spending floor
0 of 1532% of spending went to programs and raising each dollar of donations cost 32 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: 84 out of 100.
Independent board
25 of 2513 of 13 voting board members are independent.
Conflict of interest policy
15 of 15Has a written conflict of interest policy.
Whistleblower policy
8 of 8Has a written whistleblower policy.
Record keeping policy
7 of 7Has a written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
0 of 10Did not give the board a copy of this return before filing it.
Pay set independently
5 of 5Sets its chief executive's pay through independent review and comparison.
Independent check of accounts
9 of 15Its accounts were reviewed or compiled by an independent accountant, but not audited.
No reported misuse
10 of 10Reports 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 (5)
- $106,853 spent. BUSINESS OPPORTUNITY EXPO (BOE)- LARGEST TRADE SHOW OF ITS KIND IN THE STATE OF GEORGIA THAT OFFERS CONCENTRATED INTERACTION BETWEEN PROCUREMENT PROFESSIONALS AND ETHNIC MINORITY SUPPLIERS, STATE-OF-THE-ART DEVELOPMENT SESSIONS AND WORKSHOPS, MBE/CORPORATE MATCHING SESSIONS, INTERNATIONALLY KNOWN SPEAKERS AND EXPERTS AND AS BUSINESS MARKETING TRADE SHOW FLOOR OF HUNDREDS OF EXHIBITORS AND PARTICIPANTS.
- $99,442 spent. DEKALB LSBE - PROVIDES BACKEND SUPPORT TO THE CERTIFICATION AND COMPLIANCE ACTIVITIES GMSDC OFFERS TECHNOLOGY TO MOVE FROM PAPER TO ONLINE APPLICATIONS, PROVIDES 24/7 ACCESS TO THE LSBE DATABASE AND REPORTS AND DEVELOPS A COMPLIANCE PROCESS TO ENSURE APPROPRIATE USE OF LSBES ON DEKALB AWARDED CONTRACTS.
- $109,003 spent. GMSDC ACADEMY - THE WORKSHOP, TRAINING AND SKILL DEVELOPMENT SIDE OF THE ORGANIZATION. FOCUSED ON FULFILLING THE DEVELOP PHASE OF THE ORGANIZTIONS MISSION, THE ACADEMY HOUSES ALL OF THE TRAINING AND EDUCATION PROGRAMS OFFERED DURING THE YEAR FOR MINORITY BUSINESS ENTERPRISE FIRMS TO CLOSE ANY SKILL GAPS THAT EXIST AND ENHANCE THEIR CHANCES FOR WINNING CONTRACTS IN CORPORATE SUPPLY CHAINS.
- $186,842 spent. MINORITY BUSINESS SUMMIT, MBEIC, INDUSTRY GROUP
- MINORITY BUSINESS SUMMIT, MBEIC, INDUSTRY GROUP 186842. 0. 106720.
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
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 October 13, 2026.
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 October 13, 2026.
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 October 13, 2026.
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 October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since June 1989.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
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 21, 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.