Goolsby Educational Fund
- Assets
- $800.7k
- Revenue
- $75.4k
- Investments
- $272.3k
- Employees
- 0
- Location
- Marion, VA
- Founding
- 08/1967
- Data as of
- 12/2022
- EIN
- 54-6067955
Organization Overview
Goolsby Educational Fund is located in Marion, VA. The organization was established in 1967. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, 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. Goolsby Educational 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, Goolsby Educational Fund generated $75.4k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.3%) each year. All expenses for the organization totaled $60.4k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Goolsby Educational Fund has awarded 199 individual grants totaling $237,350. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
28 EDUCATIONAL GRANTS TO QUALIFIED STUDENTS BASED UPON NEED
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Js Staley Jr Trustee | 0 | $4,369 | |
Joel G Pugh Trustee | 0 | $4,369 | |
Michael A Davidson Trustee | 0 | $4,369 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2,207 |
| Dividends & Interest | $33,746 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3 |
| Capital Gain Net Income | $3 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $39,405 |
| Total Revenue | $75,361 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $13,107 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $416 |
| Depreciation | $0 |
| Occupancy | $1,200 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $7,173 |
| Total operating and administrative expenses | $25,646 |
| Contributions, gifts, grants paid | $34,750 |
| Total expenses and disbursements | $60,396 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $59,034 |
| Savings and temporary cash investments | $209,437 |
| Net Accounts receivable | $259,906 |
| 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 | $800,690 |
| 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, Goolsby Educational Fund has awarded $34,750 in support to 28 organizations.
| Grant Recipient | Amount |
|---|---|
ALEXANDER JOHNSON PURPOSE: EDUCATION | $1,500 |
EMILY WORLEY PURPOSE: EDUCATION | $1,500 |
BAILEY KING PURPOSE: EDUCATION | $1,500 |
DEVIN NORRIS PURPOSE: EDUCATION | $1,000 |
HAGAN VANDEEST PURPOSE: EDUCATION | $1,500 |
LYNSEY BLEVINS PURPOSE: EDUCATION | $1,500 |