Itma Educational Foundation
- Assets
- $304.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- High Point, NC
- Founding
- 04/1997
- Data as of
- 08/2022
- EIN
- 56-2004758
Organization Overview
Itma Educational Foundation is located in High Point, NC. The organization was established in 1997. 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. Itma Educational Foundation 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 08/2022, Itma Educational Foundation generated $60.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.9% each year. All expenses for the organization totaled $21.7k during the year ending 08/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
TO PROVIDE SCHOLARSHIPS TO STUDENTS ENROLLED IN HOME FURNISHINGS AND TEXTILE DESIGN PROGRAMS, WHICH WILL ENCOURAGE STUDENTS TO ENTER THESE FIELDS OF STUDY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anderson Gibbons President | 0 | $0 | |
Steve Gittelson Board Member | 0 | $0 | |
Carmen Herndon Barbee Industry Lia | 0 | $0 | |
Nathan Copeland Industry Lia | 0 | $0 | |
Elise Gabrielson Board Member | 0 | $0 | |
Patrick Shelton Board Member | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $41,631 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $19,300 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $60,931 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $1,800 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $19,934 |
| Total expenses | $21,734 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $278,712 |
| Other assets | $0 |
| Total assets | $304,025 |
| Total liabilities | $0 |
| Net assets or fund balances | $304,025 |
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