Ernest G Arps Memorial Education Fund
- Assets
- $620.7k
- Revenue
- $14.5k
- Investments
- $600.3k
- Employees
- 0
- Location
- Orlando, FL
- Founding
- 12/1987
- Data as of
- 09/2024
- EIN
- 56-6228126
Organization Overview
Ernest G Arps Memorial Education Fund is located in Orlando, FL. The organization was established in 1987. 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. Ernest G Arps Memorial Education 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 09/2024, Ernest G Arps Memorial Education Fund generated $14.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (11.0%) each year. All expenses for the organization totaled $50.3k during the year ending 09/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Ernest G Arps Memorial Education Fund has awarded 45 individual grants totaling $319,250. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $16,477 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$3,288 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,324 |
| Total Revenue | $14,513 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $10,865 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,644 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $17,259 |
| Contributions, gifts, grants paid | $33,000 |
| Total expenses and disbursements | $50,259 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $20,356 |
| 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 | $485,566 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $620,676 |
| 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, Ernest G Arps Memorial Education Fund has awarded $33,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
HOLLEY BRABBLE PURPOSE: SCHOLARSHIP | $8,500 |
QUEENASIA HYMAN PURPOSE: SCHOLARSHIP | $7,500 |
KALYNA MAI PURPOSE: SCHOLARSHIP | $8,500 |
KIARA SMITH PURPOSE: SCHOLARSHIP | $8,500 |