Educational Funding of the South Inc logo

Educational Funding of the South Inc

Grantmaker Franklin, TN EIN: 58-1757969 Website

Financial literacy services, and need-based scholarships

Key facts about Educational Funding of the South Inc

In short: Educational Funding of the South Inc gave $27K across 4 grants in 2021 (avg $7K), mostly in Tennessee. Source: 2021 IRS Form 990 filing.

EIN
58-1757969
Latest 990 filing
Form 990 filing, 2021
Annual giving (2021)
$27,000
Grants made (2021)
4
Average grant
$6,750
Median grant
$7,000
Primary geography
Tennessee (100% of itemized 2021 grant dollars)

Data from IRS Form 990 filing, 2021; updated September 2026.

Financial Overview

From 2021 IRS Form 990 filing · View filing

Total Assets

—

Annual Giving

$27K

-85.8% YoY

Grant Count

4

-82.6% YoY

Avg Grant Size

$7K

-18.3% YoY

About Educational Funding of the South Inc

Based on IRS filings

Educational Funding of the South Inc is a nonprofit organization focused on public and societal benefit, based in Franklin, TN. IRS filing data is available from 2020 through 2021. In 2021, it awarded 4 grants totaling $27K. Net investment income was $1.6M.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

1state

Share of 2021 grant dollars across all 4 itemized grants.

States

Cities

NashvilleMemphisBristolFranklinHendersonJacksonJefferson CityJohnson CityKnoxvilleLebanonMartinMaryvilleMiligan CollegeMurfreesboroPulaskiSewaneeTusculum

Giving Over Time

Total grant dollars and number of grants per year

$0$50K$100K$150K$200K23 grants2020 4 grants2021

From 2020 to 2021, annual grant giving ranged from $27K (2021) to $190K (2020). In 2021 it made 4 grants totaling $27K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 4 recipients in 2021

Belmont University: $7KBelmont University$7KLipscomb University: $7KLipscomb University$7KVanderbilt University: $7KVanderbilt University$7KUniversity of Memphis: $6KUniversity of Memphis$6K

The largest 2021 recipient was Belmont University ($7K). Together the top 4 received $27K.

Grant Size Distribution

27 grants across all recorded years

27<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 27 grants of 27 (100%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Belmont University Nashville, TNScholarships$7,000
Lipscomb University Nashville, TNScholarships$7,000
Vanderbilt University Nashville, TNScholarships$7,000
University of Memphis Memphis, TNScholarships$6,000

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Net Investment Income
$0$20M$40M$60M2020 2021
Metric20212020
Total Assets—$856,801,782
Revenue$32,440,997$44,506,189
Expenses$33,709,441$45,792,416
Net Investment Income$1,584,104$559,742

Data update history

When this profile's IRS filing data changed on Grantable

  1. IRS filings on file for fiscal years 2020–2021

Leadership & Key People

Officers and directors from IRS filings

Educational Funding of the South Inc is led by Ron Gambill, President & CEO on every filing since 2020; all 7 officers listed in 2021 are compensated.

Officers on the 2021 filing

  • Ron Gambill

    President & CEO

    On filings since 2020

    50 hrs/week

    $760K (2020) → $782K (2021)

  • Jeff Gerkin

    Director

    On filings since 2020

    1 hr/week

    $22K (2020) → $25K (2021)

  • John Mays

    Director

    On filings since 2020

    1 hr/week

    $23K (2020) → $26K (2021)

  • Mike Ragsdale

    Director

    On filings since 2020

    1 hr/week

    $23K (2020) → $26K (2021)

  • Richard Smelser

    Director

    On filings since 2020

    1 hr/week

    $22K (2020) → $25K (2021)

  • Ken Mann

    CFO

    On filings since 2020

    40 hrs/week

    $179K (2020) → $184K (2021)

  • Melissa Markis

    Assistant Vice President Loan Operations

    On filings since 2020

    40 hrs/week

    $105K (2020) → $103K (2021)

Data from IRS Form 990 filings, 2020–2021. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Compensation Overview

From 2021 IRS filing

Ron Gambill — President/CEO: $782KRon GambillPresident/CEO$782KKen Mann — CFO: $184KKen MannCFO$184KMelissa Markis — assistant VP loan operations: $103KMelissa Markisassistant VP loan operations$103KJohn Mays — Director: $26KJohn MaysDirector$26KMike Ragsdale — Director: $26KMike RagsdaleDirector$26KRichard Smelser — Director: $25KRichard SmelserDirector$25KJeff Gerkin — Director: $25KJeff GerkinDirector$25K

The highest reported compensation on the 2021 filing was $782K, to Ron Gambill (President/CEO). 7 officers or directors reported compensation on that filing.

Frequently asked questions about Educational Funding of the South Inc

How much does Educational Funding of the South Inc give each year?

Educational Funding of the South Inc gave $27K across 4 grants in 2021, according to its 2021 IRS Form 990 filing. In 2020 it gave $190K across 23 grants.

What is Educational Funding of the South Inc's typical grant size?

Educational Funding of the South Inc's median grant in 2021 was $7,000, and its average grant was $6,750, across 4 grants on its 2021 IRS Form 990 filing.

Where does Educational Funding of the South Inc give grants?

Educational Funding of the South Inc gives mostly in Tennessee: 100% of the grant dollars itemized on its 2021 IRS Form 990 filing went to recipients there. The most frequent recipient cities were Nashville, TN (3 grants).

Does Educational Funding of the South Inc give general operating support?

Not in 2021: none of the 4 grants with a stated purpose on Educational Funding of the South Inc's 2021 IRS Form 990 filing were described as general or operating support. Recurring purposes include "Scholarships" (4 grants).

What is Educational Funding of the South Inc?

Educational Funding of the South Inc is a nonprofit organization focused on public and societal benefit, based in Franklin, TN.

What is Educational Funding of the South Inc's EIN?

Educational Funding of the South Inc's EIN (Employer Identification Number) is 58-1757969. IRS Form 990 filing data is available on this page for 2020–2021.

Data last updated September 2026. Sourced from IRS Form 990 filings.

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