Nelson & Shirley Garner Scholarship Fund
- Assets
- $915.0k
- Revenue
- $30.1k
- Investments
- $880.8k
- Employees
- 0
- Location
- Galion, OH
- Founding
- Data as of
- 12/2022
- 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 12/2022, Nelson & Shirley Garner Scholarship Fund generated $30.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (55.8%) each year. All expenses for the organization totaled $53.8k during the year ending 12/2022. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS AWARDED
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
J Sebastian Berger President | 1 | $4,371 | |
Debbe K Steinhilber Treasurer | 1 | $4,371 | |
Jean M Rinehart Board Member | 1 | $0 | |
James W Chapman Vice President | 1 | $0 | |
Gloria Mcdonald Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $10,371 |
| Dividends & Interest | $15,534 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4,207 |
| Capital Gain Net Income | $4,207 |
| Net ST Capital Gain | $4,207 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $30,112 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $8,743 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $876 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $55 |
| Total operating and administrative expenses | $11,314 |
| Contributions, gifts, grants paid | $42,497 |
| Total expenses and disbursements | $53,811 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $34,189 |
| 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 | $587,097 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $915,003 |
| 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 $42,497 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
OHIO ST UNIVDESIREE M NAVEJA PURPOSE: TUITION PAID DIRECTLY TO INSTITUTION | $3,869 |
KENT STATE UNIVERSITYLAURYN TADDA PURPOSE: TUITION PAID DIRECTLY TO INSTITUTION | $2,500 |
KENT STATE UNIVERSITYBROOKE REYNOLD PURPOSE: TUITION PAID DIRECTLY TO INSTITUTION | $3,000 |
COLUMBUS STATE COMMUNITY COLLEGEV D PURPOSE: TUITION PAID DIRECTLY TO INSTITUTION | $1,846 |
MARIETTA COLLEGEEMMA KIRBY PURPOSE: TUITION PAID DIRECTLY TO INSTITUTION | $7,282 |
BOWLING GREENTRISTEN LOWE PURPOSE: TUITION PAID DIRECTLY TO INSTITUTION | $7,500 |