Wem Scholarship Inc
- Assets
- $3.0m
- Revenue
- -$175.4k
- Investments
- $3.0m
- Employees
- 0
- Location
- Larkspur, CO
- Founding
- Data as of
- 12/2023
- EIN
- 84-3929667
Organization Overview
Wem Scholarship Inc is located in Larkspur, CO. 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. Wem Scholarship Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2021, Wem Scholarship Inc has awarded 15 individual grants totaling $542,964. 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 |
|---|---|---|---|
David Garrison Director | 15 | $32,000 | |
Sonia Garrison Treasurer | 10 | $20,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $38,318 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$214,101 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $430 |
| Total Revenue | -$175,353 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $52,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,703 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $8 |
| Total operating and administrative expenses | $59,621 |
| Contributions, gifts, grants paid | $151,765 |
| Total expenses and disbursements | $211,386 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,015,650 |
| Accounts payable and accrued expenses | $158 |
| 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 | $158 |
Grants Awarded
Over the last fiscal year, Wem Scholarship Inc has awarded $151,765 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
OUACHITA BAPTIST UNIVERSITY PURPOSE: SCHOLARSHIP | $40,000 |
BERRY COLLEGE PURPOSE: SCHOLARSHP | $30,000 |
MEHARRY MEDICAL COLLEGE PURPOSE: SCHOLARSHIP | $41,765 |
UNIVERSITY OF NORTH ALABAMA PURPOSE: SCHOLARSHIP | $30,000 |
COLLINWOOD HIGH SCHOOL PURPOSE: SCHOLARSHIP | $10,000 |