NonprofitsGeorgia Resilience And Opportunity Fund Inc

Human Services

Georgia Resilience And Opportunity Fund Inc

ATLANTA, GA

Total revenue

$5.2M

Total expenses

$13.1M

Net assets

$7.3M

Grants received

$11.8M

34 grants

EIN

871811721

Tax year

2024

Mission

Gro builds bold, evidence-based, and community-informed solutions to address the root causes of poverty and work toward closing the racial wealth gap.

Programs

2 programs

Freedom futures: cash for today, capital for tomorrow1. Policy learning: the organization will share the findings and results of freedom futures: cash for today, capital for tomorrow, an accelerated baby bonds pilot program, with various agencies to educate them on income stability and wealth-building programs focused on economically marginalized youth and young adults. The goal of these programs will be generating evidence on early wealth building and education. The organization may write white papers or do limited advocacy for strategies to address wealth disparities such as a state baby bonds program. The organization conducts limited lobbying activities and speaks with various political figures from time to time. The organization's main focus will be to educate georgia-based organizations and other entities who are interested in learning more about the baby bonds pilot program and its results, as well as the theory and policy behind direct youth wealth building strategies. This work will be done by organization staff and volunteers. 2. Direct service provision for low-income youth and young adults: the freedom futures: cash for today, capital for tomorrow program will provide 50 low-income young adults in atlanta with a $500/month income support for four years, financial education, and a large lump sum of approximately $40,000 for wealth building purposes such as buying a home, starting a business or enrolling in higher education. The goal of the pilot is to support the young people enrolled and to generate insight on how these interventions improve youth and young peoples financial stability and wealth position.

Expenses: $471KGrants: $190K

Communicationsthe communications program supports gros work by elevating program learnings from evaluation and participant stories. The communications program uses data and evidence to better understand harmful narratives about poverty and the racial wealth gap and how to create new narratives that emphasize how the economy can work for all of us.

Expenses: $333KGrants: $3K

Financials

FY 2024

Revenue

Contributions & grants$5.1M
Program service revenue
Investment income$45K
Other revenue$2K
Total revenue$5.2M

Expenses

Grants paid$11.7M
Salaries & benefits$1.2M
Fundraising$62K
Other expenses$182K
Total expenses$13.1M
Total assets$13.9M
Net assets$7.3M

People

12 listed

NameRoleCompensation

HOPE WOLLENSACK

Executive Dir.

Board

$153K

40 hrs/wk

AMIR FAROKHI

Chairman

Board

5 hrs/wk

ALAN ESSIG

Treasurer

Board

5 hrs/wk

AISHA NYANDORO

Director

Board

1 hrs/wk

DALE ROYAL

Director

Board

1 hrs/wk

KRISTIE GOODMAN DAVIS

Director

Board

1 hrs/wk

JOHN SIMPKINS

Director

Board

1 hrs/wk

NATALIE FOSTER

Director

Board

1 hrs/wk

SARAH BETH GEHL

Director

Board

1 hrs/wk

YONINA GRAY

Director

Board

1 hrs/wk

AMIT KHANDURI

PROGRAM DIRECTOR

Staff

$108K

40 hrs/wk

ANNA HALPERN

FINANCE/OPERAT DIR

Staff

$103K

40 hrs/wk

Grants received

Showing 34 of 34

FromAmountPurposeYear
$1.1M
IN HER HANDS INITIATIVE
2024
$375K
PROGRAM EXPANSION
2024
$225K
Support for Seed Capital for Life: a simulated Baby Bonds pilot program
2024
$215K
82642 GENERAL OPERATING SUPPORT GRANT FOR GEORGIA RESILIENCE AND OPPORTUNITY FUND, INC.
2024
$200K
Program Grant
2024
$122K
COMMUNITY RESEARCH AND CO-DESIGN IMPLEMENTATION PARTNER.
2024
$100K
TO PROVIDE LOW-INCOME MARGINALIZED WOMEN WITH MONTHLY STIPENDS TO SUPPORT THEIR LIVING EXPENSES.
2024
$50K
Guaranteed Income Program
2024
$43K
CROSSCUTTING STRATEGIES
2024
$34K
UNRESTRICTED
2024
$25K
DISCRETIONARY
2024
$4M
For grant recipient's exempt purposes
2023
$1.1M
IN HER HANDS GUARANTEED INCOME INITIATIVE
2023
$1M
the In Her Hands initiative
2023
$674K
81201 PILOTING A BABY BONDS PROGRAM IN GEORGIA TO NARROW THE RACIAL WEALTH GAP
2023
$350K
GENERAL OPERATING SUPPORT
2023
$300K
SEED CAPITAL FOR LIFE - A BABY BONDS PILOT PROGRAM
2023
$250K
UNRESTRICTED
2023
$250K
GENERAL OPERATING
2023
$115K
GENERAL SUPPORT
2023
$50K
TO ESTABLISH AWBI'S SUPPORT OF THE REPARATIONS COLLABORATIVE IN ATLANTA. THE COLLABORATIVE IS BEING FACILITATED BY THE GEORGIA RESILIENCE AND OPPORTUNITY FUND (GRO). AWBI IS A MEMBER OF THE COLLABORATIVE, AND TOGETHER WITH OTHER COLLABORATIVE PARTNERS, WE HOPE TO ACCELERATE THE MOVEMENT TOWARDS REPARATIONS IN ATLANTA AND ACROSS THE REGION.
2023
$25K
GENERAL OPERATING SUPPORT
2023
$25K
PROVIDE GENERAL OPERATING SUPPORT
2023
$16K
General operating support
2023
$7K
UNRESTRICTED
2023
$125K
PROVIDE GENERAL OPERATING SUPPORT
2022
$50K
CHARITABLE SUPPORT
2022
$31K
SUPPORT THE COMMUNICATIONS WORK OF THE GRO FUND IN PILOTING SUPPLEMENTS TO INCOME
2022
$17K
IN HER HANDS PROJECT
2022

Funded by

$11.8M from 26 funders · 34 grants · 2022–2024

The Arthur M Blank Family Foundation

$2.2M · 2 grants · 2023–2024

The Kendeda Fund

$1M · 1 grant · 2023

The Robert Wood Johnson Foundation

$889K · 2 grants · 2023–2024

The Community Foundation For Greater

$799K · 3 grants · 2022–2024

Annie E Casey Foundation Inc

$406K · 4 grants · 2022–2024

New Profit Inc

$375K · 1 grant · 2024

Wellspring Philanthropic Fund Inc

$350K · 1 grant · 2023

Details

EIN871811721
NTEE codeP20
Subsection03
Ruling date2022-08
Formed2021
Employees12
GEORGIA RESILIENCE AND OPPORTUNITY FUND INC — Mission, Financials & Grants Received | Grantivo