Gerald E Thompson Memorial Scholarship Fund Inc
- Assets
- $38.6k
- Revenue
- $2.8k
- Investments
- $26.0k
- Employees
- 0
- Location
- Southport, NC
- Founding
- 09/2016
- Data as of
- 12/2023
- EIN
- 81-3758198
Organization Overview
Gerald E Thompson Memorial Scholarship Fund Inc is located in Southport, NC. The organization was established in 2016. According to its NTEE Classification (W12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gerald E Thompson Memorial Scholarship 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 12/2023, Gerald E Thompson Memorial Scholarship Fund Inc generated $2.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (21.4%) each year. All expenses for the organization totaled $4.2k during the year ending 12/2023. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
GERALD E THOMPSON MEMORIAL SCHOLARSHIP - THE FOUNDATION AWARDED TWO SCHOLARSHIPS DURING 2023
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Vicki Daniels President | 0.5 | $0 | |
Curtis Thompson Secretary-Treasurer | 0.5 | $0 | |
Judy Fowler Director | 0.1 | $0 | |
Donna Hanson Director | 0.25 | $0 | |
Scott Thompson Director | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,025 |
| Interest on Savings | $0 |
| Dividends & Interest | $789 |
| 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 | $2,814 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $25 |
| Total operating and administrative expenses | $199 |
| Contributions, gifts, grants paid | $4,000 |
| Total expenses and disbursements | $4,199 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $12,665 |
| 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 | $25,980 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $38,645 |
| 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, Gerald E Thompson Memorial Scholarship Fund Inc has awarded $4,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
PAYSON LANDAAL PURPOSE: COLLEGE SCHOLARSHIP | $2,000 |
ANDREW RAMTHUM PURPOSE: COLLEGE SCHOLARSHIP | $2,000 |