Ira M Gambill Medical Education Trust
- Assets
- $346.6k
- Revenue
- $16.2k
- Investments
- $343.6k
- Employees
- 0
- Location
- Johnson City, TN
- Founding
- 05/1986
- Data as of
- 06/2022
- EIN
- 62-6186726
Organization Overview
Ira M Gambill Medical Education Trust is located in Johnson City, TN. The organization was established in 1986. 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. Ira M Gambill Medical Education Trust 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 06/2022, Ira M Gambill Medical Education Trust generated $16.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (9.1%) each year. All expenses for the organization totaled $33.5k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (3.9%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Ira M Gambill Medical Education Trust has awarded 23 individual grants totaling $197,500. 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
SCHOLARSHIP ASSISTANCE TO STUDENTS ATTENDING EAST TENNESSEE STATE UNIVERSITY MEDICAL SCHOOL. SCHOLARSHIPS TOTALING $25,000 WERE DISBURSED DURING THE CURRENT TAX YEAR ENDING JUNE 30, 2020. NUMBER OF STUDENTS ASSISTED - 3.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $8,574 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $7,675 |
| Capital Gain Net Income | $7,675 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $16,249 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $6,104 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $405 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $67 |
| Total operating and administrative expenses | $8,526 |
| Contributions, gifts, grants paid | $25,000 |
| Total expenses and disbursements | $33,526 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$2 |
| Savings and temporary cash investments | $2,965 |
| 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 | $173,230 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $346,581 |
| 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, Ira M Gambill Medical Education Trust has awarded $25,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
HAZLEE KLEIN PURPOSE: TUITION, TEXTBOOKS, AND HOUSING | $10,000 |
JENNA HORNER PURPOSE: TUITION, TEXTBOOKS AND HOUSING | $10,000 |
MADISON SOUTH PURPOSE: TUITION, TEXTBOOKS AND HOUSING | $5,000 |
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|---|---|---|
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Unc-G Excellence Foundation Greensboro, NC | $187,420,574 | $12,267,071 |
Georgia Gwinnett College Foundationinc Lawrenceville, GA | $177,329,540 | $11,526,847 |
Augusta University Foundation Inc Augusta, GA | $77,382,154 | $9,045,973 |
University Of North Carolina At Asheville Foundation Inc Asheville, NC | $61,754,429 | $7,423,002 |
Marshall-Wythe School Of Law Foundation Williamsburg, VA | $56,391,482 | $7,245,738 |
Horatio Alger Endowment Fund Alexandria, VA | $322,951,010 | $58,271,352 |
Hudsonalpha Foundation Huntsville, AL | $65,481,044 | $7,640,212 |