Return of Organization Exempt From Income Tax OMB No 1545-004

Form990

Under section 501(c), 527 , or 4947(a)(1) of the Internal Revenue Code (except black lung 2004Depa rtment of the Treasury

benefit trust or private foundation ) Open to PublicInternal Revenue Service ► The organization may have to use a copy of this return to sat isfy state repo rt ing require ments. Inspection

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A For the 2004 calendar year , or tax year beginning OCT 1 2004 and

B Check i f Please C Name of organizationapplicable use IRS OMMUNITY FOUNDATION OF THE

AddTe label orchangese panto, HATTAHOOCHEE VALLEY, INC.

Oca;oe type Number and street (or P.O. box if mail is not delivered to street address)

, 2005D Employer identification number

7O-6JO17O7

Room/suite E Telephone number706-320-0027

F Accoun ti ng method Cash ® Accrual

E Andc on • Section 501 ( c)(3) organizations and 4947 ( a)(1) nonexempt charitable trusts H and I are not applicable to section 527 organizations.must attach a completed Schedule A ( Form 990 or 990 EZ). H(a) Is this a group return for affiliates? 0 Yes ® No

G Website : WWW. CFCV. COM H(b) It "Yes, enter number of affiliates 1101,J Organization type (check eniy one) 1501(c)(3 ) 14 fnsertno)04947(a(1)or [:1 527 H(c) Are all affiliates included? N/A E1 Yes No(If

"No; attach a list.)K Check here ► if the organization's gross receipts are normally not more than $25,000. The H(d)

Iss this,'a separate return filed by an or-

organization need not file a return with the IRS; but if the organization received a Form 990 Package ganization covered by a group ruling? E:1 Yes ® Noin the mail, it should file a return without financial data. Some states require a complete return . I Group Exemption Number jo,

M Check ►0 It the organization is not required to attachL Gross receipts: Add lines 6b, 8b, 9b, and 10b to line 12 ► 21,666,651.1 Sch. B (Form 990, 990-EZ, or 990-PF).Part I Revenue . Expenses . and Chances in Net Assets or Fund Balances

Initial

Specific. 0 . BOX 1620

Final Instruc-O

return�return Iona City or town, state or country, and ZIP + 4

EJAmended COLUMBUS, GA 31902 -16 2 0return

1 Contributions, gifts, grants , and similar amounts received:a Direct public support 1a 10 543 570.b Indirect public support lbc Government contributions ( grants) 1cd Total ( add lines la through 1c) (cash $ 4 , 7 4 9 , 7 3 2 . noncash $ 5,793,838.) 1 d 10, 543, 570.

2 Program se rvice revenue including government fees and contracts (from Part VII, line 93) 23 Membership dues and assessments 34__. Inter est on savings and temporary cash investments 4 55, 766.5 'a jkj rp from cuntles 5 308, 906.6 a r055Te 115 6a

pe b Less : rental expenses 6bP c FE ntaiirnnn1O8os s btract line 6b from line 6a) 8c7 »ritia aloe ( cribs ► 7

e' 8 a fro"fes of a sets other (A) Securities (B) Othero�d e�►ter, 10,740,649. ea

If Less : cost or other basis and sales expenses 10,345,879. 8bc Gain or ( loss) (a ttach schedule ) 394,770. 8cd Net gain or ( loss) (combine line 8c , columns (A) and (B )) ,$TMT 1 8d 394, 770.

9 Special events and activities ( attach schedule ). If any amount is from gaming , check here ► 0a Gross revenue ( not including $ of contributions

reported on line 1a) 9ab Less : direct expenses other than fundraising expenses 9bc Net income or (loss ) from special events (subtract line 9b from line 9a) 9c

10 a Gross sales of inventory, less returns and allowances 10ab Less : cost of goods sold 10bc Gross profit or (loss ) from sales of inventory (attach schedule ) ( subtract line 10b from line 1Oa) 10c

11 Other revenue (from Part VII, line 103) 11 17 760 .12 Total revenue (add lines 1d 2 3 4 5 6c, 7, 8d, 9c, 10c and 11) 12 11, 320 772 .13 Program services (from line 44, column ( B)) 13 3 588 650 .14 Management and general (from line 44, column (C)) 14 256 821 .15 Fundraising (from line 44, column (D)) 15 72 061 .16 Payments to aff il iates ( attach schedule) 1617 Total expenses (add lines 16 and 44, column A 17 3 917 532.18 Excess or ( deficit) for the year ( subtract line 17 from line 12) 18 7 403 240 .19 Net assets or fund balances at beginning of year (from line 73, column (A)) 19 18, 451 634 .

Z 20 Other changes in net assets or fund balances (attach explanation ) SEE $TATE ENT 2 20 1 216 509 .21 Net assets or fund balances at end of year ( combine lines 18 , 19, and 20) 21 27, 071 383 .

01.13-os LHA For Privacy Act and Paperwork Reduction Act Notice , see the separate instructions. Form 990 (2004)

1

COMMUNITY FOUNDATION OF THECHATTAHOOCHEE VALLEY INC. 58-2381589

Part ii Statement of All organizations must complete column (A). Columns ( B), (C), and ( D) are required for section 501 ( c)(3) Page 2� Functional Expenses and (4 ) organizations and section 4947( a) 1) nonexempt charitable trusts but optional for others.Do not include amounts reported on line

6b 8b, 9b, 10b or 16 of Part I. (A) Total ( B) Programse rvices

( C) Managementand general

( D) Fundraising

22 Grants and allocations (a ttach schedule)(cash $ 3, 5 5 2, 619 . noncash $ 22 3,552, 619. 3 5 5 2 619. TATEMENT 5

23 Specific assistance to individuals (attach schedule) 2324 Benefits paid to or for members (a ttach schedule) 2425 Compensation of officers, directors , etc. 25 95, 765. 9 577. 67, 035. 19 ,153.26 Other salaries and wages 26 48, 678. 4, 868. 34, 075. 9 ,735.27 Pension plan contributions 2728 Other employee benefits 28 19, 286. 1 929. 13, 500. 3 1857.29 Payroll taxes 29 11, 716. 1, 172. 8 201. 2 343.30 Professional fundraising fees 3031 Accounting fees 31 17, 675. 1, 767. 12, 373. 3 ,535.32 Legal fees 3233 Supplies 33 3, 880, 388 . 2, 717. 775.34 Telephone 34 5, 452. 545. 3, 817. 1 ,090.35 Postage and shipping 35 3, 146. 315. 2 202. 629.36 Occupancy 36 10, 358. 1-1 035. 7, 251. 2 ,072.37 Equipment rental and maintenance 37 3, 636

*364. 2, 545. 727.

38 Printing and publications 38 1 647. 165. 1 152. 330.39 Travel 39 3, 505. 350. 2, 454. 701.40 Conferences , conventions , and meetings 40 3 200. 320. 2 240. 640.41 Interest 4142 Depreciation , depletion , etc. (attach schedule ) 42 4 606. 4 606.43

aOther expenses not covered above (itemize):

43ab 43bc 43cd 43de SEE STATEMENT 3 43e 132 363. 13, 236. 92 653. 26 ,474.

44 waniu onsiampTetPnoco�um s} Brcarry t es°el Is t Ilnes 13.15 44 3, 917, 532. 3,588, 650. 1 256, 821. 1 72 ,061.Joint Costa . Check ► 0 if you are following SOP 98-2.Are any joint costs from a combined educational campaign and fundraising solicitation reported in (B) Program services? ► 0 Yes ® NoIf 'Yes, enter (i) the aggregate amount of these joint costs $ ; (ii) the amount allocated to Program services $iii the amount allocated to Management and general $ and iv the amount allocated to FundraisinPart Ui Statement of Program Service AccomplishmentsWhat is the organization's primary exempt purpose? ► SEE STATEMENT 4

Program Se rv iceEAll organizations must describe their exempt purpose achievements in a cle ar and concise manner State the number of clients served , publications issued, etc Discuss

achievements that are not measurable 501 c 3 and (4) organizations and 4047 a 1 nonexempt ch ar itable trusts must also enter the amount of grants and(Section (x) () (x)allocations to others )

xoenses(Required for 501(cX3) and(4)) orgsorgs , and 4947(aXl)

trusts , but optional for others )

a SEE ATTACHED SCHEDULE C

Grants and allocations 3,552,619.) 3,588,650.b

(Grants and allocationsC

(Grants and allocationsd

(Grants and allocationse Other program services a ttach schedule (Grants and allocations $f Total of Program Se rv ice Expenses (should equal line 44, column (B), Program services) ► 3,588,650.42301101.1305 Form 990 (2004)

COMMUNITY FOUNDATION OF THEForm 990 (2004) CHATTAHOOCHEE VALLEY, INC. 58-2381589 Page 3

Part IV Balance Sheets

Note: Where required, a ttached schedules and amounts within the descnption column (A) (B)should be for end-of-year amounts only. Begi nning of year End of year

45 Cash - non-interest-bearing 4546 Savings and temporary cash investments 929, 223. 46 795, 717.

47 a Accounts receivable 47ab Less: allowance for doubtful accounts 47b 47c

48 a Pledges receivable 48a 1 288,499.b Less: allowance for doubtful accounts 48b 5,000. 1, 221, 398. 48c 1 ,283, 499.

49 Grants receivable 4950 Receivables from officers, directors, trustees,

and key employees 5051 a Other notes and loans receivable 51a

b Less: allowance for doubtful accounts 51b 51c52 Inventories for sale or use 5253 Prepaid expenses and deferred charges 5354 Investments - securities STMT 6 STMT 8 ► LJ Cost ®FMV 16, 070, 658. 54 24 ,790, 911.55 a Investments - land, buildings, and

equipment: basis 55a 40,042.

b Less: accumulated depreciation 55b 18,903. 23, 188. 55c 21, 139.55 Investments - other 0. 56 0.57 a Land, buildings, and equipment: basis 57a

b Less: accumulated depreciation 57b 57c58 Other assets (describe ► SEE STATEMENT 7 ) 316 ,032. 58 331, 733.

59 Total assets add lines 45 throw h 58 must equal line 74 18, 560, 499. 59 27 ,222, 999.60 Accounts payable and accrued expenses 3 ,257. 60 1, 880.61 Grants payable 13 ,593. 61 42, 847.62 Deferred revenue 6263 Loans from officers, directors, trustees, and key employees 6364 a Tax-exempt bond liabilities 64a

b Mortgages and other notes payable 84b65 Other liabilities (describe ► ORGANI ZATION FUNDS ) 92 ,015. 65 106, 889.

66 Total liabilities add lines 60 through 65 108 ,865. 66 151, 616.Organizations that follow SFAS 117, check here ► ® and complete lines 67 through

69 and lines 73 and 74.67 Unrestricted 17 230 236. 67 25 787 239.

C68 Temporarily restricted 1 ,221 ,398. 66 1 ,284, 144.

M89 Permanently restricted 69

vOrganizations that do not follow SFAS 117, check here ► 0 and complete lines

LL 70 through 74.

43 70 Capital stock, trust principal, or current funds 7071 Paid-in or capital surplus, or land, building, and equipment fund 7172 Retained earnings, endowment, accumulated income, or other funds 72

Z 73 Total net assets or fund balances (add lines 67 through 69 or lines 70 through 72;column ( A) must equal line 19; column ( B) must equal line 21) 18 ,451 634., 73 27 ,071, 383.

74 Total liabilities and net assets / fund balances (add lines 66 and 73) 18 ,560_,499. 1 74 27 ,222, 999.

Form 990 is available for public inspection and, for some people, serves as the primary or sole source of information about a particular organization. How the publicperceives an organization in such cases may be determined by the information presented on its return. Therefore, please make sure the return is complete and accurateand fully describes, in Part III, the organization's programs and accomplishments.

42302101-13-05

FormCOMMUNITY FOUNDATION OF THE

Chart 1V-A rteconcuiation of rievenue per Auattea fart iv- t3 irieconcmation of r cpenses per AuafteaFinancial Statements with Revenue per Financial Statements with Expenses perReturn Return

a Total revenue, gains, and other support - a Total expenses and losses perper audited financial statements ► a 12537281. audited financial statements ► a 3,917,532.

b Amounts included on line a but not onb Amounts included on line a but not on line 17, Form 990:

line 12, Form 990: (1) Donated services(1) Net unrealized gains and use of facilities $

on investments $ 1,216, 509. (2) Prior year adjustments(2) Donated services reported on line 20,

and use of facilities $ Form 990 $(3) Recoveries of prior (3) Losses reported on

year grants $ line 20, Form 990 $(4) Other (specify): (4) Other (specify):

Add amounts on lines (1) through (4) ► b 1 216 5 0 9 . Add amounts on lines (1) through (4) ► b 0.c Linea minus line b ► c 11320772. c Linea minus line b ► c 3 917 532 .d Amounts included on line 12, Form d Amounts included on line 17, Form

990 but not on line a: 990 but not on line a:

(1) Investment expenses (1) Investment expensesnot included on not included online 6b, Form 990 $ line 6b, Form 990 $

(2) Other (specify): (2) Other (specify):

Add amounts on lines (1) and (2) ► d 0. Add amounts on lines (1) and(2) ► d 0.e Total revenue per line 12, Form 990 a Total expenses per line 17, Form 990

(line c plus line a 11320772. (line c plus line e 3 917 532.Part V List of Officers. Directors. Trustees. and Kev EmDiovees (List each one even if not compensated.)

(A) Name and address(B) Title and average hours

per week devoted toposition

C) CompensationIf not paid , enter

-0-.)

(D) Contributions toe ployee benefitplans & defertednom ensation

(E) Expenseaccount and

other allowancesBETSY COVINGTONP.O. BOX_ 1620 ---------------------COLUMBUS GA 31902

EXECUTIVE DIR

40

ECTOR

95,765. 0. 0.SEE ADDITIONAL ATTACHED-SCHEDULE-D-----------------------------------

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75 Did any officer, director, trustee, or key employee receive aggregate compensation of more than $100,000 from your organization and all relatedorganizations, of which more than $10,000 was provided by the related organizations? If 'Yes, attach schedule. ► Dyes [Y]No

423031 01-13-05 Form 990 (2004)

COMMUNITY FOUNDATION OF THEForm 990 (2004) CHATTAHOOCHEE VALLEY, INC. 58-2381589 Page ;Part VI 1 Other Information Yes No

76 Did the organization engage in any activity not previously reported to the IRS? If 'Yes,' attach a detailed description of each activity 76 X77 Were any changes made in the organizing or governing documents but not reported to the IRS? 77 X

If 'Yes; attach a conformed copy of the changes.78 a Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return? N/A 78a

b If 'Yes,' has it filed a tax return on Form 990-T for this year? N/A 78b79 Was there a liquidation, dissolution, termination, or substantial contraction during the year? 79 X

If 'Yes,' attach a statement80 a Is the organization related (other than by association with a statewide or nationwide organization) through common membership,

governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?If 'Yes' enter the name of the organization ►

81 a Enter direct or indirect political expenditures. See line 81 instructions 181a I N/Ab Did the organization file Form 1120-POL for this year? N/A

82 a Did the organization receive donated services or the use of materials, equipment, or facilities at no charge or at substantially less thanfair rental value?

b If 'Yes,' you may indicate the value of these items here. Do not include this amount as revenue in Part I or as anexpense in Part II. (See instructions in Part III.) 1 82b I N/A

83 a Did the organization comply with the public inspection requirements for returns and exemption applications?b Did the organization comply with the disclosure requirements relating to quid pro quo contributions? N/A

84 a Did the organization solicit any contributions or gifts that were not tax deductible?b If 'Yes; did the organization include with every solicitation an express statement that such contributions or gifts were not

tax deductible? N/A85 501(c)(4), (5), or (6) organizations. a Were substantially all dues nondeductible by members? N/A

b Did the organization make only in-house lobbying expenditures of $2,000 or less? N/AIf 'Yes' was answered to either 85a or 85b, do not complete 85c through 85h below unless the organization received a waiver for proxy taxowed for the prior year.

c Dues , assessments , and similar amounts from members 85c N/Ad Section 162 ( e) lobbying and political expenditures 85d N/Ae Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices 85e N/Af Taxable amount of lobbying and political expenditures ( line 85d less 85e) 85f N/Ag Does the organization elect to pay the section 6033 ( e) tax on the amount on line 85f? N/Ah If section 6033 ( e)(1)(A) dues notices were sent , does the organization agree to add the amount on line 851 to its reasonable estimate of dues

allocable to nondeductible lobbying and political expenditures for the following tax year? N/A86 501 (c)(7) organizations . Enter : a Initiation fees and capital contributions included on line 12 Bea N/A

b Gross receipts , included on line 12, for public use of club facilities 86b N/A

87 501 (c)(12) organizations . Enter: a Gross income from members or shareholders 87a N/A

b Gross income from other sources . ( Do not net amounts due or paid to other sourcesagainst amounts due or received from them.) 87b N/A

88 At any time during the year , did the organization own a 50% or greater interest in a taxable corporation or pa rtnership,or an entity disregarded as separate from the organization under Regulations sections 301 .7701-2 and 301.7701-3?If 'Yes,' complete Part IX

89 a 501 (c)(3) organizations . Enter : Amount of tax imposed on the organization during the year under:section 4911 ► 0 . ; section 4912 ► 0 . ; section 4955 ► 0.

b 501 (c)(3) and 501 (c)(4) organizations . Did the organization engage in any section 4958 excess benefittransaction during the year or did it become aware of an excess benefit transaction from a prior year?If 'Yes,' a ttach a statement explaining each transaction 189b I I X

c Enter : Amount of tax imposed on the organization managers or disqualified persons during the year undersections 4912 , 4955, and 4958 ► 0.

d Enter : Amount of tax on line 89c , above , reimbursed by the organization ► 0.90 a List the states with which a copy of this return is f il ed ► GA

b Number of employees employed in the pay period that includes March 12 , 2004 90b 391 The books are in care of ► BETSY COVINGTON Telephone no. ► 7 0 6 - 3 2 0 - 0 0 2 7

Located at ► 11 E. TENTH STREET , COLUMBUS, GA ZIP + 4 ► 31901

92 Section 4947(a)(1) nonexempt charitable trusts filing Form 990 in lieu of Form 1041- Check here ►

and check whether it is 0 exempt or 0 nonexempt.

Form 990(2004)

COMMUNITY FOUNDATION OF THEForm 990 (2004) CHATTAHOOCHEE VALLEY INC. 58-2381589 Page 6Part VII Analysis of Income-Producing Activities (See page 33 of the instructions.)

ross amounts unless otherwiseNote : Enter Unrelated business income Exclu ded by section 512, 513, or 514gindicated.

93 Program service revenue:(A)Businesscode

(B)Amount

ELI-sooncode

(D)Amount

(E)

Related or exemptfunction income

a

bcdef Medicare/Medicaid payments9 Fees and contracts from government agencies

94 Membership dues and assessments95 Interest on savings and temporary cash investments 14 55,766.96 Dividends and interest from securities 14 308,906.97 Net rental income or (loss) from real estate:

a debt-financed propertyb not debt-financed property

98 Net rental income or (loss) from personal property99 Other investment income

100 Gain or (loss) from sales of assetsother than inventory . 18 394,770.

101 Net income or (loss) from special events102 Gross profit or (loss) from sales of inventory103 Other revenue:

a (INCREASE)DECREASE- CSV 14 17 760.bcde

104 Subtotal (add columns (B), (D), and (E)) 0. 777,202. 1 0.105 Total (add line 104, columns (B), (D), and (E)) ► 777,202.Note: Line 105 plus line 1d, Part 1, should equal the amount on line 1 2, Part 1.Part VI II Helatlonsnip of Activities to the Accomplishment of Exempt Purposes (See page 34 of the instructions.)

Line No .V

Explain how each activity for which income is reported in column (E) of Part VII contributed importantly to the accomplishment of the organization'sexempt purposes (other than by providing funds for such purposes).

Part IX Information Regarding Taxable Subsidiaries and Disregarded Entities (See page 34 of the instructions.)(A)

Name, address, and EIN of corporation,partnership, or disregarded enti

BPercentage of

ownership interest

(0) (D) E1Nature of)activities Total income End-of-year

assets

N/A %

Part X Information Regardinu Transfers Associated(a) Did the organization, during the year, receive any funds, directly or indirectly, tc(b) Did the organization, during the year, pay premiums, directly or indirectly, on a

PleaseSignHere

PaidPreparer'sUse Only

SCHEDULE A(Form 990 or 990-EZ)

Department of the TreasuryInternal Revenue Serv ice

Organization Exempt Under Section 501(c)(3) OMB No 1545-0047

(Except Private Foundation ) and Section 501(e), 501(f), 501(k), �oo�501(n), or Section 4947( a)(1) Nonexempt Charitable Trust

Supplementary Information-(See separate instructions.). MUST be completed by the above organizations and attached to their Form 990 or 990-EZ

Name of the organization COMMUNITY FOUNDATION OF THE Employer identification number

Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees(bee page 1 of the instructions. List each one. If there are none, enter 'None')(a) Name and address of each employee() paid

more than $50,000(b) Title and average hours

per week devoted toposition

(c) Compensation(d) Contributions topials°aaeerredcompensation

(e) Expenseaccount and other

allowances

NONE ------------------------------

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Total number of other employees paidover $50,000 ► 0

I fart it I compensation of the Five Highest Paid Independent Contractors for Professional Services(See page 2 of the instructions. List each one (whether individuals or firms). If there are none, enter "None')

(a) Name and address of each independent contractor paid more than $50,000

NONE--------------------------------------------

(b) Type of service I (c) Compensation

Total number of others receiving over$50,000 for professional services ► 0423101/ 11-24 -04 LHA For Paperwork Reduction Act Notice , see the Instructions for Form 990 and Form 990 - EZ. Schedule A (Form 990 or 990 - EZ) 2004

COMMUNITY FOUNDATION OF THESchBduIe A (Form 990 or 990-EZ) 2004 CHATTAHOOCHEE VALLEY. INC. 58-2381589 Page2Part III Statements About Activities (See page 2 of the instructions .) Yes No

1 During the year, has the organization a ttempted to influence national , state, or local legislation , including any attempt to influencepublic opinion on a legislative matt er or referendum? 11 'Yes, enter the total expenses paid or incurred in connection with thelobbying activities ► $ $ ( Must equal amounts on line 38 , Part VI-A,or line I of Pa rt VI-B.) 1 XOrganizations that made an election under section 501 ( h) by filing Form 5768 must complete Part VI-A. Other organizations checking'Yes; must complete Part VI-B AND attach a statement giving a detailed description of the lobbying activities.

2 During the year , has the organization , either directly or indirectly , engaged in any of the following acts with any substantial contributors,trustees , directors, officers , creators , key employees , or members of their fam il ies , or with any taxable organization with which any suchperson is affiliated as an officer , director, trustee , majority owner, or principal beneficiary? (If the answer to any question is "Yes,"a ttach a detailed statement explaining the transactions ) SEE STATEMENT 9

a Sale, exchange , or leasing of property? 2a X

b Lending of money or other extension of credit? 2b X

c Furnishing of goods , services, or facilities? 2c X

d Payment of compensation ( or payment or reimbursement of expenses it more than $1,000)? 2d X

e Transfer of any pa rt of its income or assets? 2e X

3 a Do you make grants for scholarships , fellowships , student loans , etc.? (If "Yes ; attach an explanation of howXyou determine that recipients qualify to receive payments ) 9a.

b Do you have a section 403 ( b) annuity plan for your employees? 3b X

4 a Did you maintain any separate account for part icipating donors where donors have the right to provide adviceon the use or distribution of funds? 4a X

b Do you provide credit counselor debt management, credit repair, or debt negotiation services9 4b X

Part IV Reason for Non - Private Foundation Status ( See pages 3 through 6 of the instructions.)

The organization is not a private foundation because it is: (Please check only ONE applicable box.)5 A church, convention of churches , or association of churches . Section 170(b)(1)(A)(i).6 A school. Section 170( b)(1)(A)(ii). (Also complete Part V.)7 A hospital or a cooperative hospital service organization . Section 170(b)(1)(A)(ni).8 0 A Federal , state, or local government or governmental unit. Section 170(b)(1)(A)(v).9 0 A medical research organization operated in conjunction with a hospital . Section 170 ( b)(1)(A)(i i) . Enter the hospital ' s name, ci ty ,

and state ►10 fl

1118 E2j

11b 012 0

An organization operated for the benefit of a college or university owned or operated by a governmental unit. Section 170 (b)(1)(A)(iv).(Also complete the Suppo rt Schedule in Part IV-A.)An organization that normally receives a substantial part of its suppo rt from a governmental unit or from the general public.Section 170( b)(1)(A)(vi). (Also complete the Suppo rt Schedule in Part IV-A.)A community trust. Section 170(b)(1)(A)(vi). (Also complete the Suppo rt Schedule in Part IV-A.)An organization that normally receives : ( 1) more than 33 1/3% of its support from contributions , membership fees, and grossreceipts from activities related to its charitable , etc., functions - subject to ce rtain exceptions, and (2 ) no more than 33 1/3% ofits support from gross investment income and unrelated business taxable income ( less section 511 tax) from businesses acquiredby the organization after June 30, 1975. See section 509(a )( 2). (Also complete the Suppo rt Schedule in Part IV-A.)

13 0 An organization that is not controlled by any disqualified persons ( other than foundation managers) and suppo rt s organizations described in:(1) lines 5 through 12 above; or (2) section 501(c)(4 ), ( 5), or (6), if they meet the test of section 509(a )( 2). (See section 509(a)(3).)

Provide the following information about the supported organizations . (See page 5 of the instructions.)

number(a) Name (s) of supported organization(s)

I (b) fromaboveovefrom

14 0 An organization organized and operated to test for public safety. Section 509(a)(4). (See page 5 of the instructions.)

12oao4 Schedule A (Form 990 or 990- EZ) 2004

COMMUNITY FOUNDATION OF THESchedule A (Form 990 or 990-EZ) 2004 CHATTAHOOCHEE VALLEY INC. 58-2381589 Page 3

art IV-A Support Schedule (Complete only if you checked a box on line 10, 11, or 12.) Use cash method of accounting.Note : You may use the worksheet in the instructions for converting from the accrual to the cash method of accounting.

Calendar year ( or fiscal yearbeginning in ► (a) 2003 (b) 2002 c 2001 (d) 2000 (e) Total15 Gifts, grants, and contributions

received.See line

28nclude unusual6 859,872. 4,695,911. 6,373,366. 4,344,271. 22,273,420.

18 Membership fees received17 Gross receipts from admissions,

merchandise sold or servicesperformed, or furnishing offacilities in any activity that isrelated to the organization'scharitable, etc., purpose

18 Gross income from interest,dividends, amounts received frompayments on securities loans (sec-tion 512(a)(5)), rents, royalties, andunrelated business taxable income(less section 511 taxes) frombusinesses acquired by theorganization after June 30, 1975 182,949. 149,750. 280,635. 103,522. 716,856.

19 Net income from unrelated businessactivities not included in line 18

20 Tax revenues levied for theorganization's benefit and eitherpaid to it or expended on its behalf

21 The value of services or facilitiesfurnished to the organization by agovernmental unit without charge.Do not include the value of servicesor facilities generally furnished tothe public without charge

22 Other income. Attach a schedule.or (loss) from

eSEE STATEMENT 10

assetsscal eof

cap ital <13,7100 > 21,853. <3,326. > 62,174. 66,991.23 Total of lines 15 through 22 7,029,111. 4,867,514. 6,650,675. 4,509,967. 23 057 267.24 Line 23 minus line 17 7,029,111. 4,867,514. 6,650,675. 4,509,967. 23,057,267.25 Enter s%of line 23 70 291. 48 675. 66 507. 45 100.26 Organizations described on lines 10 or 11: a Enter 2% of amount in column (e), line 24 ► 28a 461,145.

b Prepare a list for your records to show the name of and amount contributed by each person (other than a governmentalunit or publicly supported organization) whose total gifts for 2000 through 2003 exceeded the amount shown in line 26a.Do not file this list with your return . Enter the total of all these excess amounts ► 26b 8 501,051.

c Total support for section 509(a)(1) test: Enter line 24, column (e) ► 26c 23, 057,267.d Add: Amounts from column (e) for lines: 18 716,856. 19

22 66,991. 26b 8,501,051. ► 26d 9 284 898.e Public support (line 26c minus line 26d total) ► 26e 13, 772,369.f Public support percentage (line 26e (numerator) divided by line 26c (denominator)) ► 26f 59.7311%

27 Organizations described on line 12: a For amounts included in lines 15, 16, and 17 that were received from a 'disqualified person, prepare a list for yourrecords to show the name of, and total amounts received in each year from, each 'disqualified person.' Do not file this list with your return . Enter the sum ofsuch amounts for each year: N/A(2003) (2002) (2001) (2000)

b For any amount included in line 17 that was received from each person (other than 'disqualified persons'), prepare a list for your records to show the name of,and amount received for each year, that was more than the larger of (1) the amount on line 25 for the year or (2) $5,000. (Include in the list organizationsdescribed in lines 5 through 11, as well as individuals.) Do not file this list with your return . After computing the difference between the amount received andthe larger amount described in (1) or (2), enter the sum of these differences (the excess amounts) for each year: N/A(2003) (2002) (2001) (2000)

c Add: Amounts from column (e) for lines: 15 1617 20 21 ► 27c N/A

d Add: Line 27a total and line 27b total ► 27d N/Ae Public support (line 27c total minus line 27d total) ► 27a N/Af Total support for section 509(a)(2) test: Enter amount on line 23, column (e) ► 27f N/Ag Public support percentage (line 27e (numerator) divided by line 27f (denominator)) ► 27 N/A %

28 Unusual Grants : For an organization described in line 10, 11, or 12 that received any unusual grants during 2000 through 2003, prepare a list for your recordsto show, for each year, the name of the contributor, the date and amount of the grant, and a brief description of the nature of the grant . Do not file this list withyour return . Do not include these grants in line 15.

423121 12-03-04 NONE Schedule A (Form 990 or 990 -E2) 2004

COMMUNITY FOUNDATION OF THESchedule A (Form 990 or 990-EZ) 2004 CHATTAHOOCHEE VALLEY INC. 58-2381589 Page 4Part V Private School Questionnaire (See page 7 of the instructions.) N/A

(To be completed ONLY by schools that checked the box on line 6 in Part IV)

29 Does the organization have a racially nondiscriminatory policy toward students by statement in its charter, bylaws, other governinginstrument, or in a resolution of its governing body?

30 Does the organization include a statement of its racially nondiscriminatory policy toward students in all its brochures, catalogues,and other written communications with the public dealing with student admissions, programs, and scholarships?

31 Has the organization publicized its racially nondiscriminatory policy through newspaper or broadcast media during the period ofsolicitation for students, or during the registration period if it has no solicitation program, in a way that makes the policy knownto all parts of the general community it serves?If 'Yes; please describe; if 'No,' please explain. (If you need more space, attach a separate statement.)

32 Does the organization maintain the following:a Records indicating the racial composition of the student body, faculty, and administrative staff?b Records documenting that scholarships and other financial assistance are awarded on a racially nondiscriminatory basis?c Copies of all catalogues, brochures, announcements, and other written communications to the public dealing with student

admissions, programs, and scholarships?d Copies of all material used by the organization or on its behalf to solicit contributions?

If you answered 'No' to any of the above, please explain. (If you need more space, attach a separate statement.)

33 Does the organization discriminate by race in any way with respect to:a Students' rights or privileges?b Admissions policies?c Employment of faculty or administrative staff?d Scholarships or other financial assistance?e Educational policies?f Use of facilities?g Athletic programs?h Other extracurricular activities?

If you answered 'Yes' to any of the above, please explain. (If you need more space, attach a separate statement.)

34 a Does the organization receive any financial aid or assistance from a governmental agency?b Has the organization's right to such aid ever been revoked or suspended?

If you answered 'Yes' to either 34a or b, please explain using an attached statement.35 Does the organization certify that it has complied with the applicable requirements of sections 4.01 through 4.05 of Rev. Proc. 75-50,

1975-2 C.B. 587, covering racial nondiscrimination? If 'No," attach an explanation

No

Schedule A (Form 990 or 990-EZ) 2004

42313111-24-04

COMMUNITY FOUNDATION OF THESchedule A (Form 990 or 990-EZ) 2004 CHATTAHOOCHEE VALLEY, INC. 58-2381589 Page 5Part VI -A Lobbying Expenditures by Electing Public Charities ( See page 9 of the instructions.) N/A

(To be completed ONLY by an eligible organization that filed Form 5768)r'.hark ► e n if the nrnanl7atinn heinnnc in an nffdinterl nrnnn r.hock ► h n if vnii chackarl ° a• anrl'hmderi cnntrnl' nrnvicinns annly

Limits on Lobbying Expenditures Affiliated)group To be completed for ALL(The term 'expenditures' means amounts paid or incurred.) totals electing organizations

N/A36 Total lobbying expenditures to influence public opinion (grassroots lobbying) 3637 Total lobbying expenditures to influence a legislative body (direct lobbying) 3738 Total lobbying expenditures (add lines 36 and 37) 3839 Other exempt purpose expenditures 3940 Total exempt purpose expenditures (add lines 38 and 39) 4041 Lobbying nontaxable amount. Enter the amount from the following table -

If the amount on line 40 is - The lobbying nontaxable amount isNot over $500,000 20% of the amount on line 40

Over $500 ,000 but not over $1 , 000,000 $ 100,000 plus 15% of the excess over $500,000

Over $ 1,000 , 000 but not over $1,500 ,000 $175,000 plus 10% of the excess over $ 1,000,000 41Over $1,500 , 000 but not over $17,000,000 $225 , 000 plus 5% of the excess over $ 1,500,000

Over $17,000, 000 $1,000,000

42 Grassroots nontaxable amount (enter 25% of line 41) 4243 Subtract line 42 from line 36. Enter -0- if line 42 is more than line 36 4344 Subtract line 41 from line 38. Enter -0- if line 41 is more than line 38 44

Caution : If there is an amount on either line 43 or line 44, you must file Form 4720.

4-Year Averaging Period Under Section 501(h)(Some organizations that made a section 501(h) election do not have to complete all of the five columns

below. See the instructions for lines 45 through 50 on page 11 of the instructions.)

Lobbying Expenditures During 4-Year Averaging PeriodN/A

Calendar year ( or (a) (b ) (c) (d) (e)fiscal year beginning in) ► 2004 2003 2002 2001 Total

45 Lobbying nontaxableamount 0.

46 Lobbying ceiling amount(150% of line 45(e)) 0.

47 Total lobbyingexpenditures 0.

48 Grassroots nontaxableamount 0.

49 Grassroots ceiling amount(150% of line 48(e)) 0.

50 Grassroots lobbyingexpenditures 0.

Part Vl-B Lobbying Activity by Nonelecting Public Charities(For reporting only by organizations that did not complete Part VI -A) (See page 11 of the instructions.) N/A

During the year, did the organization attempt to influence national, state or local legislation, including any attempt toYes No Amount

influence public opinion on a legislative matter or referendum, through the use of.a Volunteersb Paid staff or management (Include compensation in expenses reported on lines c through h )c Media advertisementsd Mailings to members, legislators, or the publice Publications, or published or broadcast statementsf Grants to other organizations for lobbying purposesg Direct contact with legislators, their staffs, government officials, or a legislative bodyh Rallies, demonstrations, seminars, conventions, speeches, lectures, or any other means

i Total lobbying expenditures (Add lines c through h.) 0.If 'Yes' to any of the above, also attach a statement giving a detailed description of the lobbying activities.

1i2a04 Schedule A (Form 990 or 990-EZ) 2004

COMMUNITY FOUNDATION OF THESchedule A (Form 990 or 990-EZ) 2004 CHATTAHOOCHEE VALLEY INC. 58-2381589 Page 6Part VII Information Regarding Transfers To and Transactions and Relationships With Noncharitable

Exempt Organizations (See page 11 of the instructions.)51 Did the reporting organization directly or indirectly engage in any of the following with any other organization described in section

501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?a Transfers from the reporting organization to a noncharitable exempt organization of: Yes No

(I) Cash 51 8 ( 1 ) X(ii) Other assets a(ii) X

b Other transactions:(i) Sales or exchanges of assets with a noncharitable exempt organization b(i) X(ii) Purchases of assets from a nonchantable exempt organization b(il) X

(iii) Rental of facilities, equipment, or other assets b(iii) X

(iv) Reimbursement arrangements b(iv) X(v) Loans or loan guarantees b(v) X(vi) Performance of services or membership or fundraising solicitations b(vi) X

c Sharing of facilities, equipment, mailing lists, other assets, or paid employees c Xd If the answer to any of the above is'Yes; complete the following schedule. Column (b) should always show the fair market value of the

goods, other assets, or services given by the reporting organization. If the organization received less than fair market value in any

52 a Is the organization directly or indirectly aff il iated with , or related to , one or more tax-exempt organizations described in section 501(c) of theCode ( other than section 501(c)(3)) or in section 527? 1 El Yes ® No

COMMUNITY FOUNDATION OF THE CHATTAHOOCHE 58-2381589

FORM 990 GAIN (LOSS) FROM PUBLICLY TRADED SECURITIES STATEMENT 1

GROSS COST OR EXPENSE NET GAINDESCRIPTION SALES PRICE OTHER BASIS OF SALE OR (LOSS)

VARIOUS SECURITIES 10,740,649. 10,345,879. 0. 394,770.

TO FORM 990, PART I, LINE 8 10,740,649. 10,345,879. 0. 394,770.

FORM 990 OTHER CHANGES IN NET ASSETS OR FUND BALANCES STATEMENT 2

DESCRIPTION

UNREALIZED GAIN

TOTAL TO FORM 990, PART I, LINE 20

FORM 990 OTHER EXPENSES STATEMENT 3

DESCRIPTION

ADMIN FEESEQUIPMENT &FURNISHINGSCUSTODIAL FEESBROKERAGE FEESSOFTWAREDUES & SUBSCRIPTIONSMISCELLANEOUSINVESTMENT &FIDUCIARY FEESDONOR DEVELOPMENTINSURANCE

TOTAL TO FM 990, LN 43

(A) (B) (C)PROGRAM MANAGEMENT

TOTAL SERVICES AND GENERAL

2,085.

925.62,980.3,241.

12,072.7,636.

17,556.

18,000.2,820.5,048.

132,363.

1,216,509.

AMOUNT

1,216,509.

(D)

FUNDRAISING

208. 1,460. 417.

92. 648. 185.6,298. 44,086. 12,596.

324. 2,269. 648.1,207. 8,450. 2,415.

764. 5,345. 1,527.1,756. 12,288. 3,512.

1,800. 12,600. 3,600.282. 1,974. 564.505. 3,533. 1,010.

13,236. 92,653. 26,474.

STATEMENT (S) 1, 2, 3

COMMUNITY FOUNDATION OF THE CHATTAHOOCHE 58-2381589

FORM 990 STATEMENT OF ORGANIZATION'S PRIMARY EXEMPT PURPOSE STATEMENT 4PART III

EXPLANATION

TO ENGAGE IN CHARITABLE FUNCTIONS AND ACTIVITIES TO DEVELOP AND COORDINATETHE PHILANTHROPIC RESOURCES OF THE METROPOLITAN COLUMBUS, GEORGIA AREA ANDTO PROMOTE AND IMPROVE PHILANTHROPY IN THE COMMUNITIES SERVED BY THECORPORATION.

FORM 990 CASH GRANTS AND ALLOCATIONS STATEMENT 5

CLASSIFICATION DONEE'S NAME DONEE 'S ADDRESS

SEE ATTACHEDSCHEDULE C

TOTAL INCLUDED ON FORM 990, PART II , LINE 22

DONEE'SRELATIONSHIP

NONE

AMOUNT

3,552,619.

3,552,619.

FORM 990 NON-GOVERNMENT SECURITIES STATEMENT 6

OTHERPUBLICLY TOTAL

CORPORATE CORPORATE TRADED NON-GOV'TSECURITY DESCRIPTION COST/FMV STOCKS BONDS SECURITIES SECURITIES

CORPORATE STOCK FMV 20022801.CORPORATE BONDS FMV 2,899,064.

TO FORM 990, LINE 54, COL B 20022801. 2,899,064.

20022801.2,899,064.

22921865.

FORM 990 OTHER ASSETS STATEMENT 7

DESCRIPTION

CSV-ARTHUR SPRINGER INS POLICY

TOTAL TO FORM 990, PART IV, LINE 58, COLUMN B

AMOUNT

331,733.

331,733.

STATEMENT(S) 4, 5, 6, 7

COMMUNITY FOUNDATION OF THE CHATTAHOOCHE

OTHERCOST/ FMV SECURITIES

FMV 1,869,046.

1,869,046.

FORM 990 OTHER SECURITIES STATEMENT 8

SECURITY DESCRIPTION

MONEY MARKET

TO FORM 990, LINE 54, COL B

SCHEDULE A STATEMENT REGARDING ACTIVITIES WITH STATEMENT 9SUBSTANTIAL CONTRIBUTORS, TRUSTEES, DIRECTORS,

CREATORS, KEY EMPLOYEES, ETC,.PART III, LINE 2

BETSY COVINGTON-SALARY $95,765

SCHEDULE A OTHER INCOME STATEMENT 10

DESCRIPTION

INCREASE-CASH SURR VALUE LIFEINSURANCE

2003 2002 2001AMOUNT AMOUNT AMOUNT

<13,710.> 21,853.

TOTAL TO SCHEDULE A, LINE 22 <13,710.> 21,853.

58-2381589

2000AMOUNT

<3,326.> 62,174.

<3,326.> 62,174.

STATEMENT(S) 8, 9, 10

Schedule C

Grantee Amount

American Red Cross 42,500American Red Cross, West Central Georgia Chap 9,000Andrew College 15,250Boy Scouts of America, Chattahoochee Council 6,600Brookstone School 17,800Carpenter's Way Ranch 7,500Chattahoochee Valley Land Trust 18,500Children's Healthcare of Atlanta Foundation 414,500Children's Miracle Network 25,678Columbus Area Habitat for Humanity, Inc. 18,260Columbus Regional Medical Foundation, Inc. 307,263Columbus South, Inc. 35,097Columbus State University 118,550Community Foundation of the Chattahoochee Valley 11,916Doctors Without Borders USA, Inc. 25,000Ellersie Volunteer Fire Department, Inc. 20,000First Presbyterian Church 12,000First Tee of Columbus Georgia, Inc. 12,500Focus on Truth 6,200Frederica Academy, Inc. 9,500Gable Sporting Goods 6,900Habitat for Humanity - Russell County 10,071Hands on Columbus 5,300Historic Chattahoochee Commission 127,190House of Heroes, Inc. 6,500House of Mercy 9,328International Friendship Ministries 7,000Johns Hopkins 326,000LaGrange College 33,000Little Blessings Nurturing Center, Inc. 10,500MAP International 9,500MP Associates, Inc. 23,364Muscogee County Library Endowment Fund 54,100Muscogee County Library Foundation 200,165Muscogee County School District 25,000Our House, a campus of the Methodist Home for 28,966Our Lady of Lourdes Catholic School 25,000P.A.W.S. Columbus 19,350Pace Academy 11,000Peachtree Presbyterian Church 30,000RiverCenter for the Performing Arts 210,885Second Harvest Food Bank of the Chattahoochee 6,000St. Paul United Methodist Church 36,600St. Simons Land Trust 9,000Sweetbriar College 12,600Teen Challenge 25,750The Boys & Girls Clubs of Columbus and Phenix 10,500The Columbus Museum 18,300The Columbus Symphony Orchestra 39,381The Dollywood Foundation 11,505

5$-23 2; IS1q

I oft

Grantee Amount

The Historic Columbus Foundation 12,174The MidTown Project 16,859The Opportunity Through Baseball Foundation 133,900The Pastoral Institute 10,000The Salvation Army 5,700The Smile Train, Inc. 7,000The Springer Opera House 18,000The Stewart Community Home 18,200Tunnell-Spangler-Walsh 169,586Twin Cedars Youth Services 6,250United Way of the Chattahoochee Valley, Inc. 127,950University of Georgia Foundation 202,250Uptown Columbus, Inc. 22,405Valley Rescue Mission 13,181Westville 6,500Wofford College 10,000World Vision, Inc. 15,000Young Life 14,000Grants less than or equal to $5,000 261,295

Grand Total 3,552,619

58- 236 I5?1

Iof2

Sc{iecfu le, D 59- 239 1 581

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hattahoothee Valley

rat rpd- Fi�t"mP.O. Box 1620. 11 I0th StreetColumbus, GA 31902-1620706-320-0027 • www.cfcv.com

PresidentD. Raines Jordan, CPAVice President/CFOAlexander Contracting Co.P.O. Box 5627453 Old Buena Vista RoadColumbus, GA 31906

Vice PresidentJ. Mike VenableEditorColumbus & the Valley MagazineP.O. Box 229Columbus, GA 31902-0229

SecretarySusan C. LawhorneDirector of Institutional AdvancementThe Columbus Museum, Inc.P.O. Box 4537Columbus , GA 31904

TreasurerGardiner W. Garrard, Jr.PresidentThe Jordan Company6001 River RoadSuite 100Columbus, GA 31904-2953

Immediate Past PresidentFrank S . Etheridge IIIPresidentSunTrust BankP.O. Box 431Columbus, GA 31902-0431

Executive DirectorBetsy Whitaker CovingtonCommunity Foundation of theChattahoochee ValleyP.O. Box 1620Columbus, GA 31902-1620

BOARD OF DIRECTORSFiscal Year 2005

BoardThomas B. Black C. Dexter Jordan, Jr.Bradley Turner Foundation Community LeaderP.O. Box 140 6003 Green Island Drive1017 Front Street Columbus, GA 31904Columbus, GA 31902

Elizabeth C. OgieOtis B. Burnham Community LeaderCommunity Leader 6940 Hilltop Court5 Bradley Park Court, Suite 102 Columbus, GA 31904Columbus, GA 31902

Virginia T. PeeblesCharles E . Clark, Sr. Executive DirectorThe Clark Companies Historic Columbus Foundation1222 Broadway, Suite 112 P O. Box 5312Columbus, GA 31901 Columbus, GA 31906-5312

F. Karl Douglass Alan F. Rothschild, Jr.Vice President Attorney at LawAFLAC Hatcher, Stubbs, Land, Hollis & Rothschild1932 Wynnton Road The Corporate CenterColumbus, GA 31999-0001 2331 12th Street, Suite 500

P.O. Box 2707J.H. Flakes, Jr. Columbus, GA 31902PastorFourth Street Baptist Church Mary W. Schley, M.D.2225 1h Street Community LeaderColumbus, GA 31901 1615 Summit Drive, #9

Columbus, GA 31906Linda U. HadleyDean, D. Abbott Turner College of Business Todd A. SchusterColumbus State University Schuster Enterprises4225 University Avenue P.O. Box 12029Columbus, GA 31907 Columbus, GA 31917-2029

Angela S . Hart W. David Varner, Jr., M.D.Senior Vice President PhysicianAFLAC 7113 Standing Boy Road1932 Wynnton Road Columbus, GA31904Columbus, GA 31999-0001

Gloria Weston-SmartChristopher D. HohIstein Executive DirectorVice President Keep Columbus BeautifulSynovus Family Asset Mngmt. P.O. Box 428P O. Box 23024 Columbus, GA 31902Columbus, GA 31902

Lula Lunsford Huff, CPATax CommissionerColumbus Consolidated Gov't.P.O. Box 1340Columbus, GA 31902-1340