Glory Stack Memorial Scholarship Fund
- Assets
- $247.5k
- Revenue
- $47.8k
- Investments
- $237.7k
- Employees
- 0
- Location
- Hendersonvlle, NC
- Founding
- Data as of
- 12/2023
- EIN
- 85-1064765
Organization Overview
Glory Stack Memorial Scholarship Fund is located in Hendersonvlle, NC. 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. Glory Stack Memorial 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 12/2023, Glory Stack Memorial Scholarship Fund generated $47.8k 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 (28.3%) each year. All expenses for the organization totaled $25.1k during the year ending 12/2023. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
CURRENTLY SUPPORTING FIVE SCHOLARSHIP AWARDEES
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Frederick Stack President | 3 | $0 | |
Fran Wolak Treasurer | 0.3 | $0 | |
Emily Sevier Secratary | 0.3 | $0 | |
Annie Fair Board Member | 0.3 | $0 | |
Drew Morton Board Member | 0.3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $35,162 |
| Interest on Savings | $16 |
| Dividends & Interest | $6,844 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $5,787 |
| Capital Gain Net Income | $5,787 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $47,809 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $59 |
| Total operating and administrative expenses | $1,067 |
| Contributions, gifts, grants paid | $24,000 |
| Total expenses and disbursements | $25,067 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,813 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $247,513 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $52,500 |
| 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 | $52,500 |
Grants Awarded
Over the last fiscal year, Glory Stack Memorial Scholarship Fund has awarded $24,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
UNC- CHARLOTTE PURPOSE: SCHOLARSHIP FOR JENNA PATTERSON | $4,500 |
WESTERN CAROLINA UNIVERSITY PURPOSE: SCHOLARSHIP FOR LIZBET ALVAREZ | $6,000 |
UNC-CHARLOTTE PURPOSE: SCHOLARSHIP FOR JESSICA PLATA | $4,500 |
NC STATE UNIVERSITY PURPOSE: SCHOLARSHIP FOR BLAKELY MORGAN | $4,500 |
LENOIE-RHYNE UNIVERSITY PURPOSE: SCHOLARSHIP FOR AUDRIE PRESSLEY | $4,500 |