SOULS GROWN DEEP FOUNDATION INC

EIN: 272457990 501(c)(3) Arts, Culture & Humanities

ATLANTA, GA

Total Revenue
$1,675,580
Total Expenses
$1,703,476
Total Assets
$4,008,049
Net Assets
$3,849,324
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2010
Legal Domicile
GA
Principal Officer
MAXWELL L ANDERSON
Phone
4044911126
Tax Period
2023-07-01 to 2024-06-30

SOULS GROWN DEEP FOUNDATION INC, founded in 2010, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.7M in total revenue in fiscal year 2023. Revenue surged 178% from the prior year, signaling strong growth momentum. Net assets of $3.8M represent 28 months of operating reserves.

Mission

SOULS GROWN DEEP FOUNDATION IS DEDICATED TO PROMOTING AFRICAN-AMERICAN ART OF THE SOUTH.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $5,241
Program Service Revenue $1,583,000
Investment Income $87,339
Other Revenue $0
TOTAL REVENUE $1,675,580

Expense Breakdown

Grants Paid $609,667
Salaries & Benefits $426,165
Fundraising Expenses $42,616
Program Expenses $1,008,311
Other Expenses $667,644
TOTAL EXPENSES $1,703,476

Year-over-Year Comparison

2023 2022 Change
Revenue $1,675,580 $601,949 +1.8%
Expenses $1,703,476 $1,088,061 +0.6%
Net Income $-27,896 $-486,112 -0.9%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
9
Independent Members
8
Employees
N/A
Volunteers
8

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$636,618
Total Directors
9
$446,624
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
AMY SHERALD TRUSTEE 1.00
Director
$0 $0 $0
BE NOEL TREASURER 1.00
Officer Director
$0 $0 $0
DIEDRICK BRACKENS TRUSTEE 1.00
Director
$0 $0 $0
KINSHASHA HOLMAN CONWILL TRUSTEE 1.00
Director
$0 $0 $0
LOLA C WEST CHAIR 1.00
Officer Director
$0 $0 $0
MARY MARGARET PETTWAY TRUSTEE 2.50
Director
$0 $0 $0
MAXWELL L ANDERSON PRESIDENT 20.00
Officer Director
$193,315 $59,994 $446,624
SANFORD BIGGERS TRUSTEE 1.00
Director
$0 $0 $0
VALARIE CASSEL OLIVER VICE CHAIR 1.00
Officer Director
$0 $0 $0
SCOTT BROWNING SECRETARY 20.00
Officer
$76,924 $36,146 $189,994
RAINA LAMPKINS-FIELDER PROGRAM OFFICER 20.00
Highest
$57,864 $5,184 $165,918
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 $1,675,580 $1,703,476 $4,008,049 $-27,896
2023 $601,949 $1,088,061 $3,860,190 $-486,112
2022 $1,963,957 $896,758 $4,133,557 $1,067,199
2021 $2,473,865 $803,895 $3,207,172 $1,669,970
2020 $1,156,651 $1,062,273 $1,487,253 $94,378
2019 $1,736,795 $1,011,838 $1,390,484 $724,957
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