Ira M Gambill Medical Education Trust
- Assets
- $316.0k
- Revenue
- $7.6k
- Investments
- $312.8k
- Employees
- 0
- Location
- Johnson City, TN
- Founding
- 05/1986
- Data as of
- 06/2023
- 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 06/2023, Ira M Gambill Medical Education Trust generated $7.6k 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 (16.3%) each year. All expenses for the organization totaled $38.2k during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Ira M Gambill Medical Education Trust has awarded 26 individual grants totaling $227,500. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIP ASSISTANCE TO STUDENTS ATTENDING EAST TENNESSEE STATE UNIVERSITY MEDICAL SCHOOL. SCHOLARSHIPS TOTALING $30,000 WERE DISBURSED DURING THE CURRENT TAX YEAR ENDING JUNE 30, 2023. 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 | $9,305 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$1,690 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $7,615 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $6,191 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $63 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $16 |
| Total operating and administrative expenses | $8,220 |
| Contributions, gifts, grants paid | $30,000 |
| Total expenses and disbursements | $38,220 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$2 |
| Savings and temporary cash investments | $3,208 |
| 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 | $153,067 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $315,976 |
| 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 $30,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
HAZLEE KLEIN PURPOSE: TUITION, TEXTBOOKS, AND HOUSING | $10,000 |
KATIE MCCULLOUGH PURPOSE: TUITION, TEXTBOOKS AND HOUSING | $10,000 |
JENNA HORNER PURPOSE: TUITION, TEXTBOOKS AND HOUSING | $10,000 |