The building is currently owned by the Atlanta Grade School Friends, a 501(c)3 organization. Architectural and engineering inspections say the building is "sound" with the exception of the 4 NW rooms.
The history of the school has been researched in order to apply for listing in the National Register of Historic Places. The State of Texas recently awarded the school a state Historic Marker. Students and faculty of the school are being contact about the project. City "reunions" are taking place in order to inform the out-of-town alumni about the project.