Internal Medicine Associates Scholarship Fund
- Assets
- $125.4k
- Revenue
- $13.4k
- Investments
- $86.2k
- Employees
- 0
- Location
- Opelika, AL
- Founding
- 05/1989
- Data as of
- 12/2022
- EIN
- 57-0884128
Organization Overview
Internal Medicine Associates Scholarship Fund is located in Opelika, AL. The organization was established in 1989. 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. Internal Medicine Associates Scholarship 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 12/2022, Internal Medicine Associates Scholarship Fund generated $13.4k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $13.7k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (7.8%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Internal Medicine Associates Scholarship Fund has awarded 101 individual grants totaling $152,062. 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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
W Park Mcgehee Chairman | 0 | $0 | |
Joanne Smith T H Secretary/treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $3 |
| Dividends & Interest | $1,399 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $11,979 |
| Capital Gain Net Income | $11,979 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $13,381 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $90 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $98 |
| Total operating and administrative expenses | $1,519 |
| Contributions, gifts, grants paid | $12,219 |
| Total expenses and disbursements | $13,738 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,669 |
| Savings and temporary cash investments | $30,490 |
| 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 | $86,240 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $125,399 |
| 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, Internal Medicine Associates Scholarship Fund has awarded $12,219 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
BRAILYN JOHNSON PURPOSE: SCHOLARSHIP | $1,794 |
CAITLYN WOOTEN PURPOSE: SCHOLARSHIP | $361 |
CAROLINE ADAMS PURPOSE: SCHOLARSHIP | $361 |
DARRIN WILLIAMS PURPOSE: SCHOLARSHIP | $2,000 |
KARLI LASHELY PURPOSE: SCHOLARSHIP | $2,803 |
LAZARIS KELLUM PURPOSE: SCHOLARSHIP | $193 |