Nelson & Shirley Garner Scholarship Fund
- Assets
- $1.1m
- Revenue
- $59.8k
- Investments
- $935.2k
- Employees
- 0
- Location
- Galion, OH
- Founding
- Data as of
- 12/2021
- EIN
- 83-1153219
Organization Overview
Nelson & Shirley Garner Scholarship Fund is located in Galion, OH. 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. Nelson & Shirley Garner Scholarship 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, Nelson & Shirley Garner Scholarship Fund generated $59.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (57.7%) each year. All expenses for the organization totaled $42.5k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS AWARDED
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
J Sebastian Berger President | 1 | $2,813 | |
Debbe K Steinhilber Treasurer | 1 | $2,813 | |
James W Chapman Vice President | 1 | $0 | |
Gloria Mcdonald Board Member | 1 | $0 | |
Jean M Rinehart Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $13,554 |
| Dividends & Interest | $9,786 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $36,496 |
| Capital Gain Net Income | $36,496 |
| Net ST Capital Gain | $36,496 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $59,836 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $5,626 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $196 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $9,706 |
| Contributions, gifts, grants paid | $32,755 |
| Total expenses and disbursements | $42,461 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $175,049 |
| 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 | $650,037 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,110,235 |
| 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, Nelson & Shirley Garner Scholarship Fund has awarded $32,755 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
KENT STATE UNIVERSITYLEAH BRUCE PURPOSE: TUITION PAID DIRECTLY TO INSTITUTION | $5,000 |
Findlay, OH PURPOSE: TUITION PAID DIRECTLY TO INSTITUTION | $5,000 |
OHIO UNIVERSITYBRYNN CHENEY PURPOSE: TUITION PAID DIRECTLY TO INSTITUTION | $5,000 |
OHIO STATE UNIVERSITYHANNAH DELONG PURPOSE: TUITION PAID DIRECTLY TO INSTITUTION | $5,000 |
COLUMBUS STATE COMMUNITY COLLEGEV D PURPOSE: TUITION PAID DIRECTLY TO INSTITUTION | $2,195 |
KENT STATE UNIVERSITYLAURYN TADDA PURPOSE: TUITION PAID DIRECTLY TO INSTITUTION | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jewell Educational Fund Owosso, MI | $398,993,901 | $18,985,075 |
Lola G Duff & William Duff Ii Scholarship Fund Pittsburgh, PA | $108,136,539 | $9,727,539 |
Catholic Education Foundation Inc Louisville, KY | $34,954,329 | $8,681,774 |
Perkins Malo Hunter Foundation Holland, MI | $51,295,166 | -$331,905 |
Thompson Foundation Plymouth, MI | $5,518,000 | $2,844,461 |
Independence Foundation Philadelphia, PA | $78,719,217 | $2,815,934 |
The Endowment Fund Of The Phi Kappa Psi Fraternity Indianapolis, IN | $26,119,752 | $5,253,152 |
Beta Theta Pi Foundation Oxford, OH | $33,085,697 | $6,703,723 |
Addison Gibson Foundation Pittsburgh, PA | $46,529,076 | $11,633,912 |
Cardinal Health Foundation Dublin, OH | $40,394,329 | $2,713,784 |
Say Yes Cleveland Scholarship Inc Cleveland, OH | $89,649,014 | $4,775,644 |
Pittsburgh Jewish Educational Improvement Foundation Pittsburgh, PA | $252,999 | $3,355,550 |