Goolsby Educational Fund

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 12/2021, Goolsby Educational Fund generated $68.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $76.0k during the year ending 12/2021. While expenses have increased by 4.2% per year over the past 7 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.

Since 2016, Goolsby Educational Fund has awarded 171 individual grants totaling $202,600. 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.

Mission & Program ActivityExcerpts From the 990PF Filing

TAX YEAR

2021

Describe the Organization's Program Activity:

Part 3 - Line 4a

33 EDUCATIONAL GRANTS TO QUALIFIED STUDENTS BASED UPON NEED


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Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $0
Interest on Savings $2,573
Dividends & Interest $32,983
Net Rental Income$0
Net Gain on Sale of Assets $18,458
Capital Gain Net Income $0
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $14,345
Total Revenue $68,359

Grants Awarded

Over the last fiscal year, Goolsby Educational Fund has awarded $48,500 in support to 25 organizations.

Grant RecipientAmount

MICHAEL HAGA

PURPOSE: EDUCATION

$2,500

BAILEY KING

PURPOSE: EDUCATION

$2,250

CHLOE PENNINGTON

PURPOSE: EDUCATION

$2,250

CHLOE ROBINSON

PURPOSE: EDUCATION

$2,250

ABIGAIL JENNINGS

PURPOSE: EDUCATION

$2,250

ALEXANDER JOHNSON

PURPOSE: EDUCATION

$2,250
View Grant Profile

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