Ernest G Arps Memorial Education Fund
- Assets
- $562.8k
- Revenue
- $28.1k
- Investments
- $550.5k
- Employees
- 0
- Location
- Orlando, FL
- Founding
- 12/1987
- Data as of
- 09/2022
- EIN
- 56-6228126
Organization Overview
Ernest G Arps Memorial Education Fund is located in Orlando, FL. The organization was established in 1987. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, 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. Ernest G Arps Memorial Education Fund 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 09/2022, Ernest G Arps Memorial Education Fund generated $28.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (4.5%) each year. All expenses for the organization totaled $74.8k during the year ending 09/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Ernest G Arps Memorial Education Fund has awarded 42 individual grants totaling $283,750. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $68 |
| Dividends & Interest | $16,780 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $11,212 |
| Capital Gain Net Income | $11,212 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $28,060 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $11,552 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $657 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,004 |
| Total operating and administrative expenses | $15,255 |
| Contributions, gifts, grants paid | $59,500 |
| Total expenses and disbursements | $74,755 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $12,275 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $187,736 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $562,785 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Ernest G Arps Memorial Education Fund has awarded $59,500 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
EMILY CHANDLER PURPOSE: SCHOLARSHIP | $12,750 |
KINDSEY SMALL PURPOSE: SCHOLARSHIP | $12,750 |
QUEENASIA HYMAN PURPOSE: SCHOLARSHIP | $12,750 |
HOLLEY BRABBLE PURPOSE: SCHOLARSHIP | $8,500 |
KALYNA MAI PURPOSE: SCHOLARSHIP | $8,500 |
BRINSON EDMONDSON PURPOSE: SCHOLARSHIP | $4,250 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jacksonville State University Foundation Jacksonville, AL | $99,989,549 | $15,547,897 |
Florida Medical Practice Plan Inc Tallahassee, FL | $6,356,277 | $9,443,720 |
Alabama High School Athletic Association Montgomery, AL | $12,167,526 | $9,029,142 |
River City Education Organization Inc Jacksonville, FL | $21,815,598 | $7,864,021 |
Georgia Gwinnett College Foundationinc Lawrenceville, GA | $177,329,540 | $11,526,847 |
Augusta University Foundation Inc Augusta, GA | $77,382,154 | $9,045,973 |
Hudsonalpha Foundation Huntsville, AL | $65,481,044 | $7,640,212 |
University Of North Florida Financing Corporation Jacksonville, FL | $185,430,007 | $11,542,145 |
Georgia College & State University Foundation Inc Milledgeville, GA | $66,057,685 | $10,177,448 |
Highlands Day School Foundation Birmingham, AL | $18,906,069 | $7,689,613 |
Georgia Southern University Foundation Inc Statesboro, GA | $119,816,237 | $13,421,593 |
Kennesaw State Unversity Research And Service Foundation Inc Kennesaw, GA | $5,063,329 | $7,661,519 |