Wem Scholarship Inc is a private foundation focused on Education, based in Larkspur, CO. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.8M in total assets. In 2024, it awarded 5 grants totaling $155K.
Key facts about Wem Scholarship Inc
In short: Wem Scholarship Inc gave $155K across 5 grants in 2024 (avg $31K), top state Tennessee. Source: 2024 IRS Form 990-PF.
- EIN
- 84-3929667
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $154,531
- Grants made (2024)
- 5
- Average grant
- $30,906
- Median grant
- $30,000
- Total assets
- $2,821,397
- Primary geography
- Tennessee (35% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2.8M
-6.4% YoY
Annual Giving
$155K
+1.8% YoY
Grant Count
5
+0.0% YoY
Avg Grant Size
$31K
+1.8% YoY
Under IRS private-foundation payout rules, Wem Scholarship Inc reported a distributable amount of $153K for 2024 — the minimum it must pay out in qualifying distributions.
How Wem Scholarship Inc gives
- Giving held roughly steady from 2021 to 2024 (−20%). Method
- In 2024 it paid out 101% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 5 itemized grants.
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2021 to 2024, annual grant giving ranged from $152K (2023) to $198K (2022). In 2024 it made 5 grants totaling $155K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2024
The largest 2024 recipient was Ouachita Baptist University ($40K). Together the top 5 received $155K.
Grant Size Distribution
20 grants across all recorded years
The most common grant size was under $50K: 16 grants of 20 (80%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Ouachita Baptist University Arkadelphia, AR | Scholarship | $40,000 |
| Meharry Medical College Nashville, TN | Scholarship | $40,000 |
| Berry College Mount Berry, CA | Scholarshp | $30,000 |
| University of North Alabama Florence, AL | Scholarship | $30,000 |
| Collinwood High School Collin Wood, TN | Scholarship | $14,531 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $2,821,397 | $3,015,650 | $3,404,832 |
| Revenue | $152,293 | $-175,353 | $39,458 |
| Expenses | $347,806 | $211,386 | $274,516 |
| Qualifying Distributions | $154,531 | $151,765 | $198,223 |
| Distributable Amount | $152,528 | $150,407 | $172,255 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Officers and directors from IRS filings
Wem Scholarship Inc's 2024 filing lists 2 officers; all 2 officers listed in 2024 are compensated.
Officers on the 2024 filing
David Garrison
Director
On filings since 2020
15 hrs/week
$48K (2020) → $44K (2024)
Sonia Garrison
Treasurer
On filings since 2020
10 hrs/week
$20K (2020) → $20K (2024)
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $44K, to David Garrison (Director). 2 officers or directors reported compensation on that filing.
Frequently asked questions about Wem Scholarship Inc
How much does Wem Scholarship Inc give each year?
Wem Scholarship Inc gave $155K across 5 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $152K across 5 grants.
What is Wem Scholarship Inc's typical grant size?
Wem Scholarship Inc's median grant in 2024 was $30,000, and its average grant was $30,906, across 5 grants on its 2024 IRS Form 990-PF.
Where does Wem Scholarship Inc give grants?
Wem Scholarship Inc's top state is Tennessee, with 35% of the grant dollars itemized on its 2024 IRS Form 990-PF. The next largest states were Arkansas (26%) and California (19%).
Does Wem Scholarship Inc give general operating support?
Not in 2024: none of the 5 grants with a stated purpose on Wem Scholarship Inc's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Scholarship" (4 grants).
Who are Wem Scholarship Inc's largest grantees?
Wem Scholarship Inc's largest 2024 grantees include Ouachita Baptist University ($40,000), Meharry Medical College ($40,000) and Berry College ($30,000), according to its 2024 IRS Form 990-PF. Together they received 71% of its itemized 2024 grant dollars.
How large is Wem Scholarship Inc?
Wem Scholarship Inc reported $2.8M in total assets on its 2024 IRS Form 990-PF. It paid out $155K in qualifying distributions that year, against a required minimum of $153K (roughly 5% of its investment assets).
What is Wem Scholarship Inc?
Wem Scholarship Inc is a private foundation focused on Education, based in Larkspur, CO. It holds $2.8M in total assets as of 2024.
What is Wem Scholarship Inc's EIN?
Wem Scholarship Inc's EIN (Employer Identification Number) is 84-3929667. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Here's the math on researching Wem Scholarship Inc by hand.
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