Gem Fund-The Aauw Asheville Scholarship Endowment Inc
- Assets
- $391.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Arden, NC
- Founding
- 12/2002
- Data as of
- 06/2022
- EIN
- 33-1023655
Organization Overview
Gem Fund-The Aauw Asheville Scholarship Endowment Inc is located in Arden, NC. The organization was established in 2002. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gem Fund-The Aauw Asheville Scholarship Endowment Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Gem Fund-The Aauw Asheville Scholarship Endowment Inc generated $68.8k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 6.0% each year. All expenses for the organization totaled $33.9k during the year ending 06/2022. While expenses have increased by 4.1% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
AS OF JUNE 2022, THE GEM FUND HAS AWARDED OVER 290,000 IN SCHOLARSHIPS, ALLOWING 210 WOMEN TO ATTEND COLLEGE WHO OTHERWISE COULDN'T AFFORD IT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Pat Ashe President | 5 | $0 | |
Deborah Fulton-Helmer Treasurer | 6 | $0 | |
Susan Ikerd Vice Preside | 3 | $0 | |
Susan Grabel Secretary | 3 | $0 | |
Lina Evans Board Member | 1 | $0 | |
Tina Garrett Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $47,689 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $8,920 |
| Gain or Loss | $12,149 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $68,758 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $1,879 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $52 |
| Other expenses | $2,744 |
| Total expenses | $33,855 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $391,798 |
| Other assets | $0 |
| Total assets | $391,798 |
| Total liabilities | $0 |
| Net assets or fund balances | $391,798 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Gem Fund-The Aauw Asheville Scholarship Endowment Inc has recieved totaling $61.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $61 |
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|---|---|---|
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Golf Club Of Tennessee Kingston Springs, TN | $25,072,540 | $8,179,428 |
Watson-Brown Foundation Inc Thomson, GA | $0 | $9,697,974 |
National Consortium For Graduate Dgrs Minorities In Engineering Alexandria, VA | $15,486,907 | $10,356,249 |
Laura Holland Uzzell Foundation Morrisville, NC | $14,769,987 | $6,660,101 |
Alef Fund Inc Atlanta, GA | $10,107,377 | $6,194,898 |
Bill And Carol Latimer Charitable Foundation Union City, TN | $129,837,485 | $34,799,223 |
Chi Omega Foundation Memphis, TN | $45,483,838 | $7,373,045 |
University Of West Georgia Foundation Inc Carrollton, GA | $86,140,941 | $10,389,838 |
Memphis Teacher Residency Inc Memphis, TN | $5,540,031 | $6,575,161 |
South Carolina Educational Credit For Exceptional Needs Children Fun Columbia, SC | $1,181,238 | $5,546,279 |
Coca-Cola Scholars Foundation Inc Atlanta, GA | $71,605,468 | $31,599,185 |