David Gambrell Endowment Fund Inc
- Assets
- $628.0k
- Revenue
- $8.0k
- Investments
- $464.1k
- Employees
- 0
- Location
- Greensboro, NC
- Founding
- 08/1995
- Data as of
- 12/2022
- EIN
- 58-2144847
Organization Overview
David Gambrell Endowment Fund Inc is located in Greensboro, NC. The organization was established in 1995. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. David Gambrell Endowment Fund 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 12/2022, David Gambrell Endowment Fund Inc generated $8.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (23.0%) each year. All expenses for the organization totaled $19.8k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, David Gambrell Endowment Fund Inc has awarded 84 individual grants totaling $470,250. 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 |
|---|---|---|---|
Luck Davidson Foundation Manager | 2 | $0 | |
Michael M Smith Secretary | 0 | $0 | |
G Henry Gambrell Jr President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $7,991 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $7,991 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $126 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $190 |
| Total operating and administrative expenses | $4,551 |
| Contributions, gifts, grants paid | $15,250 |
| Total expenses and disbursements | $19,801 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $163,980 |
| 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 | $174,476 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $628,036 |
| 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, David Gambrell Endowment Fund Inc has awarded $15,250 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
EAST GEORGIA STATE COLLEGE PURPOSE: GENERAL OPERATING SUPPORT | $5,000 |
OGEECHEE RIVERKEEPER PURPOSE: OPERATING GRANT | $5,000 |
THE SUNSHINE HOUSE PURPOSE: GENERAL OPERATING SUPPORT | $5,000 |
MAGNOLIA CEMETERY TRUST PURPOSE: GENERAL OPERATING SUPPORT | $250 |