In the wake of the controversial Krog Masquerade party organized by the Georgia Foundation For Public Spaces, our media affiliate CBS46 has launched an investigation into the nonprofit status of the organization.
The GFFPS and its for-profit arm, Atlanta Foundation for Public Spaces (AFFPS), hosts 10 events around the city including the popular Festival on Ponce, Chastain Park Arts & Crafts Festival, and Old Fourth Ward Park Arts Festival. GFFPS says that it provides financial assistance and scholarships to artists with proceeds from the festivals, but the organization won’t reveal details of who contributes to and benefits from the charity.
Nonprofit GFFPS benefits by paying less in-city event permit and application fees and actively solicits tax deductible contributions from sponsors. In fact, the various festivals have over 100 sponsors and yet the group claimed in three annual reports to the IRS that it generated less than $50,000 a year.
The AFFPS is listed on city permit applications as the “professional event organizer” for festivals hosted by the nonprofit group, likely making the AFFPS the largest vendor of the nonprofit GFFPS.
Mark Green, spokesman for the IRS office in Atlanta, would not confirm or deny whether the agency is investigating the GFFPS.
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