Sherri Gilkerson Memorial Foundation
- Assets
- $158.6k
- Revenue
- $208.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Scottsdale, AZ
- Founding
- Data as of
- 12/2023
- EIN
- 92-1436515
Organization Overview
Sherri Gilkerson Memorial Foundation is located in Scottsdale, AZ. 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. Sherri Gilkerson Memorial Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION SEEKS TO ENRICH YOUTH THROUGH THE OPPORTUNITIES OF EDUCATION AND (SEE SCHEDULE O) SPORT, SPECIFICALLY HORSEMANSHIP AND COMPETITIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ESTABLISH AND OPERATE A YEARLY SCHOLARSHIP AWARD FOR STUDENTS PURSUING STUDIES AT AN ACCREDITED POST-SECONDARY EDUCATIONAL INSTITUTION. THE SCHOLARSHIP IS TO FURTHER THE EDUCATION OF THESE STUDENTS WHO HAVE ALSO DEMONSTRATED AN INTEREST IN REINED COW HORSE HORSEMANSHIP ACTIVITIES, AND THEY, OR THEIR IMMEDIATE FAMILY, ARE MEMBERS OF THE NATIONAL REINED COW HORSE ASSOCIATION. IN 2023, SCHOLARSHIPS WERE GRANTED TO 6 STUDENTS FOR A TOTAL OF $13,320.WE ALSO PROVIDE INFORMATION AND EDUCATION THROUGH DISTRIBUTION OF MATERIALS AND MEETINGS WITH PARTICIPANTS ON THE CHARACTER-BUILDING VALUE OF TRAINING HORSES AND HORSE COMPETITIONS. INFORMING AND INSTRUCTING THE PUBLIC ON THE VALUE OF HORSEMANSHIP AS A LIFE AND COMMUNITY BUILDING ACTIVITY. AND WE SUPPORT AND PROVIDE FUNDING FOR VARIOUS AMATEUR AND ASSOCIATION COMPETITIONS. IN 2023, WE PROVIDED A SPONSORSHIP FOR THE RENO SNAFFLE BIT FUTURITY (AN IRC 501(C)(3)) THAT IS USED TO SUPPLY HIGHER EDUCATION SCHOLARSHIPS AWARDED BY THE RENO SNAFFLE BIT FUTURITY HORSE SHOW WINNERS,
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Margaret Green Board Member As Of 3-2023 | Trustee | 1 | $0 |
Michael Doud Board Member As Of 3-2023 | Trustee | 1 | $0 |
Leslie Wright Board Member As Of 3-2023 | Trustee | 1 | $0 |
Gusti Buerger Board Member | Trustee | 1 | $0 |
Lisa Hampton Board Member | Trustee | 1 | $0 |
Linda Mars Board Member | Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $206,790 |
| Noncash contributions included in lines 1a–1f | $600 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $206,790 |
| Total Program Service Revenue | $0 |
| Investment income | $1,951 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $208,741 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $22,000 |
| Grants and other assistance to domestic individuals. | $13,320 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,880 |
| Fees for services: Accounting | $1,485 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $856 |
| Office expenses | $202 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,075 |
| All other expenses | $5,344 |
| Total functional expenses | $50,162 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $158,579 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $158,579 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $158,579 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $158,579 |