Floor Covering Education Foundation Inc

DALTON, GA EIN: 84-4704174

Floor Covering Education Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in DALTON, GA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $401K in total assets. In 2024, it awarded 10 grants totaling $242K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$401K

+50.3% YoY

Annual Giving

$242K

+128.7% YoY

Grant Count

+25.0% YoY

Avg Grant Size

$24K

+83.0% YoY

Under IRS private-foundation payout rules, Floor Covering Education Foundation Inc reported a distributable amount of $15K for 2024 — the minimum it must pay out in qualifying distributions.

About Floor Covering Education Foundation Inc

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Georgia $400K (74%)

Tennessee $40K (7%)

Iowa $20K (4%)

South Carolina $17K (3%)

Kentucky $17K (3%)

Montana $15K (3%)

Virginia $15K (3%)

Missouri $11K (2%)

+1 more states

States

Georgia Iowa Kentucky Missouri Mississippi Montana South Carolina Tennessee Virginia

Cities

AlbanyAtlantaAugustaChattanoogaChesterfieldDaltonGreat FallsLouisvilleOilvillePendletonPoplarvilleRomeSenecaWaterloo

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$401,074	$266,799	$456,312
Revenue	$1,070,483	$729,665	$883,740
Expenses	$997,018	$825,236	$951,693
Qualifying Distributions	$655,080	$498,532	$577,796
Net Investment Income	—	—	—
Distributable Amount	$15,151	$15,480	$17,856

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2024

Grant Size Distribution

27 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Cfi ($132,000), Chattanooga State Community College ($40,027), Great Falls College ($15,000).

Recipient	Purpose	Amount
CERAMIC TILE EDUCATION FOUNDATION PENDLETON, SC	SCHOLARSHIPS OF $500 TO $1200 EACH TO 12 INDIVIDUALS FOR JOB TRAINING.	$10,679
CFI DALTON, GA	SCHOLARSHIPS OF $500-$2500 EACH TO 76 INDIVIDUALS FOR JOB TRAINING.	$132,000
HAWKEYE COMMUNITY COLLEGE WATERLOO, IA	SCHOLARSHIPS OF $925 TO $1725 EACH TO 10 INDIVIDUALS FOR JOB TRAINING	$13,800
NATIONAL WOOD FLOORING ASSOCIATION CHESTERFIELD, MO	SCHOLARSHIP OF $899 TO 11 INDIVIDUAL FOR JOB TRAINING.	$9,889
CHATTANOOGA STATE COMMUNITY COLLEGE CHATTANOOGA, TN	SCHOLARSHIPS OF $250 TO $750 TO 57 INDIVIDUALS	$40,027
ADVANCED FLOORING TECHNOLOGY OILVILLE, VA	SCHOLARSHIPS OF $1225 PAID TO 7 INDIVIDUALS	$14,700
ATLANTA TECHNICAL COLLEGE ATLANTA, GA	SCHOLARSHIP OF $1505 PAID TO 1 INDIVIDUAL	$1,505
GREAT FALLS COLLEGE GREAT FALLS, MT	SCHOLARSHIPS OF $2500 PAID TO 6 INDIVIDUALS	$15,000
PEARL RIVER COMMUNITY COLLEGE POPLARVILLE, MS	SCHOLARSHIPS OF $250 TO $700 PAID TO 6 INDIVIDUALS	$3,640
EAGLE INTERIORS SENECA, SC	SCHOLARSHIP OF $800 PAID TO 1 INDIVIDUAL	$800

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
JIM AARON	BOARD MEMBER	1	—
STEVE ABERNATHY	BOARD MEMBER	1	—
MIKE BEAVERS	MARKETING CHAIR	1	—
BART BETTIGA	BOARD MEMBER	1	—
BILL BLACKSTOCK	BOARD MEMBER	1	—
DEB DEGRAAF	VICE CHAIR	1	—
PIET DOSSCHE	BOARD MEMBER	1	—
GEOFF GORDON	BOARD MEMBER	1	—
RUSSEL HEADRICK	FINANCE CHAIR\TREASURER	1	—
JEFF HONKONEN	SECRETARY	1	—
SCOTT HUMPHREY	BOARD MEMBER	1	—
MICHAEL MARTIN	BOARD MEMBER	1	—
DON ROBERTS	CHAIR	1	—
BILL GADDIS	BOARD MEMBER	1	—
ROBERT VARDEN	BOARD MEMBER	1	—
KAYE WHITENER	BOARD MEMBER	1	—
HOY LANNING	BOARD MEMBER	1	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Floor Covering Education Foundation Inc?

Floor Covering Education Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in DALTON, GA. It holds $401K in total assets as of 2024.

How large is Floor Covering Education Foundation Inc?

As of 2024, Floor Covering Education Foundation Inc holds $401K in total assets with $1.1M in annual revenue. It awarded 10 grants totaling $242K in 2024.

Where does Floor Covering Education Foundation Inc operate?

Floor Covering Education Foundation Inc has awarded grants in Georgia, Iowa, Kentucky, Missouri, Mississippi, Montana, South Carolina, Tennessee, Virginia.

What size grants does Floor Covering Education Foundation Inc award?

In 2024, Floor Covering Education Foundation Inc awarded 10 grants totaling $242K — an average of about $24K per grant, based on its IRS Form 990 filings.

How much is Floor Covering Education Foundation Inc required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Floor Covering Education Foundation Inc reported a distributable amount of $15K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Floor Covering Education Foundation Inc's EIN?

Floor Covering Education Foundation Inc's EIN (Employer Identification Number) is 84-4704174. IRS Form 990 filing data is available on this page for 2020–2024.