Louise G Wilson Education Fund
- Assets
- $3.0m
- Revenue
- $131.1k
- Investments
- $1.7m
- Employees
- 0
- Location
- Sumter, SC
- Founding
- 10/1979
- Data as of
- 06/2024
- EIN
- 57-6087020
Organization Overview
Louise G Wilson Education Fund is located in Sumter, SC. The organization was established in 1979. 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. Louise G Wilson 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 06/2024, Louise G Wilson Education Fund generated $131.1k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $215.6k during the year ending 06/2024. While expenses have increased by 1.5% per year over the past 8 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
LOANS TO STUDENTS IN LEE COUNTY, SC AND SURROUNDING COUNTIES TO PURSUE HIGHER EDUCATION IN MEDICAL FIELDS OF STUDY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Sanders Vice President | 0.25 | $0 | |
Charles Thompson Vice President | 0.25 | $0 | |
Catherine K Gardner Vice President Trust Comp | 2 | $0 | |
Elizabeth K Rodgers President Of Synovus Trust Company | 0.25 | $0 | |
Derrick K Webb Senior Portfolio Manager | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $8,050 |
| Dividends & Interest | $58,362 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $64,672 |
| Capital Gain Net Income | $64,672 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $131,084 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $807 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $38,224 |
| Total operating and administrative expenses | $43,231 |
| Contributions, gifts, grants paid | $172,406 |
| Total expenses and disbursements | $215,637 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $199,060 |
| 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 | $1,738,661 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1,025,213 |
| Total assets | $2,962,934 |
| 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 |