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Georgia Power Foundation Inc In Receivership

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$15M (2024)

Expenses
$25.9M (2024)

Total Assets
$217M (2024)

Total Liabilities
$12.3M (2024)

Source: Form 990 tax filings from 2011 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$14,988,756
Expenses
$25,898,821
Net Income
-$10,910,065
Net Assets
$204,709,769
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $54,287
0.4%
Dividends $4,693,358
31.3%
Sales of Assets $10,147,229
67.7%
Other Income $93,882
0.6%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $19,394,361
74.9%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $217,001,163
Total Liabilities $12,291,394
Net Assets $204,709,769
Compensation
Key Employees and Officers Compensation Other
Jason T Cuevas (Ceo & President/Director) $0 $0
Aaron Abramovitz (Cfo) $0 $0
Dekia M Scott (Treasurer, Non Voting) $0 $0
Brad J Gates (Asst Treasurer, Non Voting) $0 $0
Rita M Breen (Secretary, Non Voting) $0 $0
Veronica E Punch (Asst Secretary, Non Voting) $0 $0
Crystal R Ashbourne (Director) $0 $0
David E Slovensky (Director) $0 $0
Martin E Kilpatrick (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$10,669,851
Expenses
$16,890,190
Net Income
-$6,220,339
Net Assets
$209,999,673
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $30,000
0.3%
Interest Revenue $466,006
4.4%
Dividends $5,223,658
49.0%
Sales of Assets $4,814,467
45.1%
Other Income $135,720
1.3%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $17,777,539
> 100%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $217,918,727
Total Liabilities $7,919,054
Net Assets $209,999,673
Compensation
Key Employees and Officers Compensation Other
Michael K Anderson (Ceo & President/Director) $0 $0
Aaron Abramovitz (Ceo & President/Cfo/Director) $0 $0
Dekia Scott (Treasurer, Non Voting) $0 $0
Brad Gates (Asst Treasurer, Non Voting) $0 $0
Rita M Breen (Secretary, Non Voting Officer) $0 $0
Veronica E Punch (Asst Secretary,Non Voting) $0 $0
Meredith Lackey (Director) $0 $0
Sterling Spainhour (Director) $0 $0
David E Slovensky (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$34,784,370
Expenses
$19,896,724
Net Income
$14,887,646
Net Assets
$203,058,381
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $27,062,000
77.8%
Interest Revenue $11,366
0.0%
Dividends $4,637,326
13.3%
Sales of Assets $3,034,984
8.7%
Other Income $38,694
0.1%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $17,005,215
85.5%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $213,408,051
Total Liabilities $10,349,670
Net Assets $203,058,381
Compensation
Key Employees and Officers Compensation Other
Michael K Anderson (Ceo & President/Director) $0 $0
Aaron Abramovitz (Chief Financial Officer) $0 $0
Dekia Scott (Treasurer, Non Voting) $0 $0
Brad Gates (Asst Treasurer, Non Voting) $0 $0
Rita M Breen (Secretary, Non Voting Officer) $0 $0
Valerie D Searcy Jan 1 Aug 30 22 (Asst Secretary,Non Voting) $0 $0
Veronica E Punch August 30 2022 (Asst Secretary,Non Voting) $0 $0
Meredith Lackey (Director) $0 $0
Sterling Spainhour (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$29,809,906
Expenses
$20,687,743
Net Income
$9,122,163
Net Assets
$212,931,288
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $13,350,000
44.8%
Interest Revenue $817
0.0%
Dividends $3,340,567
11.2%
Sales of Assets $12,961,266
43.5%
Other Income $157,256
0.5%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $15,867,943
76.7%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $222,309,509
Total Liabilities $9,378,221
Net Assets $212,931,288
Compensation
Key Employees and Officers Compensation Other
Michael K Anderson (Ceo & President/Director) $0 $0
Dan Tucker Jan 1 Sept 1 2021 (Chief Financial Officer) $0 $0
Aaron Abramovitz November 16 2021 (Chief Financial Officer) $0 $0
Dekia Scott (Treasurer, Non Voting) $0 $0
Brad Gates (Asst Treasurer, Non Voting) $0 $0
Rita M Breen (Secretary, Non Voting Officer) $0 $0
Valerie D Searcy (Asst Secretary,Non Voting) $0 $0
Meredith Lackey (Director) $0 $0
Sterling Spainhour (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$33,080,907
Expenses
$9,502,644
Net Income
$23,578,263
Net Assets
$189,628,740
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $20,000,000
60.5%
Interest Revenue $9,508
0.0%
Dividends $6,704,108
20.3%
Sales of Assets $6,295,864
19.0%
Other Income $71,427
0.2%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $10,665,881
> 100%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $195,606,754
Total Liabilities $5,978,014
Net Assets $189,628,740
Compensation
Key Employees and Officers Compensation Other
Rita M Breen (Secretary, Non Voting Officer) $0 $0
Roger S Steffens Jan April 17 2020 (Treasurer, Non Voting Officer) $0 $0
Valerie D Searcy (Asst Secretary,Non Voting) $0 $0
Brad Gates (Asst Treasurer, Non Voting) $0 $0
Michael K Anderson (Ceo & President/Director) $0 $0
Chris Cummiskey Jan August 10 2020 (Director) $0 $0
Pedro Cherry (Director) $0 $0
David Poroch (Chief Financial Officer) $0 $0
Meredith Lackey Elected Aug 10 2020 (Director) $0 $0
Sterlin Spaihour Elected Aug 10 202 (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$11,347,149
Expenses
$18,262,953
Net Income
-$6,915,804
Net Assets
$162,420,373
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $11,081
0.1%
Dividends $4,196,061
37.0%
Sales of Assets $6,895,096
60.8%
Other Income $244,911
2.2%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $12,459,249
68.2%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $171,011,049
Total Liabilities $8,590,676
Net Assets $162,420,373
Compensation
Key Employees and Officers Compensation Other
Rita M Breen (Secretary, Non Voting Offi) $0 $0
Roger S Steffens (Treasurer, Non Voting Offi) $0 $0
Valerie D Searcy (Asst Secretary,Non Voting) $0 $0
Brad Gates (Asst Treasurer, Non Voting) $0 $0
Michael K Anderson (Ceo & President/Director) $0 $0
Chris Cummiskey (Director) $0 $0
Pedro Cherry (Director) $0 $0
Xia Liu Resigned 42019 (Cheif Financial Officer) $0 $0
David Poroch April 19 To Present (Cheif Financial Officer) $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$21,410,757
Expenses
$11,167,405
Net Income
$10,243,352
Net Assets
$151,912,497
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $12,620,000
58.9%
Interest Revenue $8,348
0.0%
Dividends $3,624,982
16.9%
Sales of Assets $5,098,755
23.8%
Other Income $58,672
0.3%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $9,565,798
85.7%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $155,875,061
Total Liabilities $3,962,564
Net Assets $151,912,497
Compensation
Key Employees and Officers Compensation Other
Rita M Breen (Secretary, Non Voting Offi) $0 $0
Roger S Steffens (Treasurer, Non Voting Offi) $0 $0
Valerie D Searcy (Asst Secretary,Non Voting) $0 $0
Brad Gates (Asst Treasurer, Non Voting) $0 $0
Michael K Anderson (Ceo & President/Director) $0 $0
Chris Cummiskey (Director) $0 $0
Pedro Cherry (Director) $0 $0
Xia Liu (Cheif Financial Officer) $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$22,532,429
Expenses
$12,078,477
Net Income
$10,453,952
Net Assets
$156,138,419
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $10,000,000
44.4%
Interest Revenue $2,811
0.0%
Dividends $3,067,335
13.6%
Sales of Assets $9,301,391
41.3%
Other Income $160,892
0.7%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $8,636,537
71.5%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $159,918,463
Total Liabilities $3,780,044
Net Assets $156,138,419
Compensation
Key Employees and Officers Compensation Other
Rita M Breen (Secretary, Non Voting Officer) $0 $0
Roger S Steffens (Treasurer, Non Voting Offi) $0 $0
Valerie D Searcy (Asst Secretary,Non Voting) $0 $0
Brad Gates (Asst Treasurer, Non Voting) $0 $0
Michael K Anderson (Ceo & President/Director) $0 $0
W Craig Barrs (Director(1.1.17 To 3.31.17)) $0 $0
Chris Cummiskey (Director(4.1.17 Forward)) $0 $0
Pedro Cherry (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$10,609,473
Expenses
$9,162,045
Net Income
$1,447,428
Net Assets
$138,323,338
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $745
0.0%
Dividends $3,025,407
28.5%
Sales of Assets $7,569,806
71.3%
Other Income $13,515
0.1%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $9,543,345
> 100%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $139,901,634
Total Liabilities $1,578,296
Net Assets $138,323,338
Compensation
Key Employees and Officers Compensation Other
Susan M Carter (Secretary) $0 $0
Roger S Steffens (Treasurer, Non Voting Officer) $0 $0
Valerie D Searcy (Asst Secretary,Non Voting Officer) $0 $0
Brad Gates (Asst Treasurer, Non Voting Officer) $0 $0
Michael K Anderson (Ceo & President/Director) $0 $0
W Craig Barrs (Director) $0 $0
W Ron Hinson (Director) $0 $0
Rita M Breen (Secretary) $0 $0
Chris Cummiskey (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$9,281,359
Expenses
$12,477,248
Net Income
-$3,195,889
Net Assets
$135,332,366
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $1,691
0.0%
Dividends $3,397,165
36.6%
Sales of Assets $5,874,760
63.3%
Other Income $7,743
0.1%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $11,978,151
96.0%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $138,155,239
Total Liabilities $2,822,873
Net Assets $135,332,366
Compensation
Key Employees and Officers Compensation Other
Susan M Carter (Secretary) $0 $0
Roger S Steffens (Treasurer) $0 $0
Valerie D Searcy (Assistant Secretary) $0 $0
Brad Gates (Assistant Treasurer) $0 $0
Michael K Anderson (Ceo & President/Director) $0 $0
W Craig Barrs (Director) $0 $0
Anthony Wilson 1115 To 5415 (Director) $0 $0
W Ron Hinson (Director) $0 $0
Chris Cummiskey Beginning 5915 (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$19,417,395
Expenses
$9,957,773
Net Income
$9,459,622
Net Assets
$146,996,473
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $9,115,000
46.9%
Interest Revenue $1,167
0.0%
Dividends $2,799,332
14.4%
Sales of Assets $7,499,541
38.6%
Other Income $2,355
0.0%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $9,865,209
99.1%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $150,482,529
Total Liabilities $3,486,056
Net Assets $146,996,473
Compensation
Key Employees and Officers Compensation Other
Susan M Carter (Secretary) $0 $0
Roger S Steffens (Treasurer) $0 $0
Valerie D Searcy (Assistant Secretary) $0 $0
Brad Gates (Assistant Treasurer) $0 $0
Michael K Anderson (Ceo & President/Director) $0 $0
W Craig Barrs (Director) $0 $0
Anthony Wilson (Director) $0 $0
W Ron Hinson (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$10,954,325
Expenses
$7,209,514
Net Income
$3,744,811
Net Assets
$139,774,656
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $867
0.0%
Dividends $2,404,574
22.0%
Sales of Assets $8,548,254
78.0%
Other Income $630
0.0%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $7,794,507
> 100%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $143,891,276
Total Liabilities $4,116,620
Net Assets $139,774,656
Compensation
Key Employees and Officers Compensation Other
Susan M Carter (Secretary) $0 $0
Roger S Steffens (Treasurer) $0 $0
Valerie D Searcy (Assistant Secretary) $0 $0
Brad Gates (Assistant Treasurer) $0 $0
Michael K Anderson (Ceo & President/Director) $0 $0
Ronnie Labrato 01 01 13 To 03 31 13 (Chief Financial Officer/Di) $0 $0
W Craig Barrs (Director) $0 $0
Anthony Wilson (Director) $0 $0
W Ron Hinson 033113 Present (Cfo/Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$15,717,478
Expenses
$7,749,550
Net Income
$7,967,928
Net Assets
$122,572,731
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $10,000,000
63.6%
Interest Revenue $802,529
5.1%
Dividends $1,756,751
11.2%
Sales of Assets $3,157,328
20.1%
Other Income $870
0.0%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $8,016,375
> 100%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $128,972,580
Total Liabilities $6,399,849
Net Assets $122,572,731

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$7,701,966
Expenses
$12,706,755
Net Income
-$5,004,789
Net Assets
$107,145,711
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $925,070
12.0%
Dividends $1,483,290
19.3%
Sales of Assets $5,292,955
68.7%
Other Income $651
0.0%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $7,981,330
62.8%
Compensation of Officers* $0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $114,268,693
Total Liabilities $7,122,982
Net Assets $107,145,711

Document Links

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2003

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2002

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2001

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

What Is This Data?

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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