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EIN 87-2725265

Acfb Charitable Investments

IRS 501(c) type
501(c)(3)
Num. employees
0
City
Atlanta
State
Georgia
Year formed
2021
Most recent tax filings
2023-06-01
NTEE code, primary
K00: Food, Agriculture, and Nutrition: General
Description
Acfb Charitable Investments operates exclusively for the benefit of Atlanta Community Food Bank, Inc. It performs functions, carries out purposes and/or activities of Acfb. The organization supports Acfb by leveraging lending as part of a transaction involving new markets tax credits and managing its investment portfolio. Additionally, it may make loans, grants, and other contributions to support Acfb's mission.
Related structure
Acfb Charitable Investments is a subordinate organization under Atlanta Community Food Bank.
Total revenues
$11,882,927
2023
Total expenses
$1,183,242
2023
Total assets
$88,248,740
2023
Num. employees
0
2023

Program areas at Acfb Charitable Investments

Acfb Charitable Investments supports the atlanta community food bank ("Acfb") by being the leverage lender as part of a transaction involving new markets tax credits, holding and managing Acfb's investment portfolio, and may also make loans, grants, and other distributions to Acfb and other 501(c)(3) Charitable entities in furtherance of Acfb's Charitable purposes.

Grants made by Acfb Charitable Investments

GranteeGrant descriptionAmount
Atlanta Community Food BankSee Part Iv$1,083,837

Personnel at Acfb Charitable Investments

NameTitleCompensation
Debra ShoafChief Financial Officer$0
Kyle WaidePresident$0

Financials for Acfb Charitable Investments

RevenuesFYE 06/2023
Total grants, contributions, etc.$11,104,500
Program services$0
Investment income and dividends$778,427
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$11,882,927

Form 990s for Acfb Charitable Investments

Fiscal year endingDate received by IRSFormPDF link
2023-062024-02-07990View PDF
2022-062023-04-10990View PDF

Organizations like Acfb Charitable Investments

OrganizationLocationRevenue
Food for Education FoundationDover, DE$25,658,814
Interfaith NeighborsAsbury Park, NJ$13,266,183
Fresh ApproachConcord, CA$3,006,594
Urban Growers CollectiveChicago, IL$3,741,933
Brighter BitesHouston, TX$15,653,626
Suncoast Haven of Rest Rescue MissionPinellas Park, FL$3,513,730
Thomas Family FoundationOklahoma City, OK$10,000,000
Tafb-Distribution CenterFort Worth, TX$5,623,500
Kansas Food Bank FoundationWichita, KS$12,706,553
ReFEDLong Island City, NY$5,483,716
Data update history
June 16, 2023
Posted financials
Added Form 990 for fiscal year 2022
June 14, 2023
Updated personnel
Identified 5 new personnel
June 10, 2023
Used new vendors
Identified 1 new vendor, including
May 21, 2023
Received grants
Identified 1 new grant, including a grant for $78,996,874 from Atlanta Community Food Bank
Nonprofit Types
Food and nutrition programsChapter / child organizationsCharities
Issues
Human servicesFood and nutritionHunger
Characteristics
Operates internationallyState / local levelTax deductible donationsNo full-time employees
General information
Address
3400 N Desert Dr
Atlanta, GA 30344
Metro area
Atlanta-Sandy Springs-Alpharetta, GA
County
Fulton County, GA
Phone
(404) 892-9822
IRS details
EIN
87-2725265
Fiscal year end
June
Taxreturn type
Form 990
Year formed
2021
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
K00: Food, Agriculture, and Nutrition: General
NAICS code, primary
522120: Savings Institutions
Parent/child status
Subordinate organization
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