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Educational Funding Of The South Inc

Organization summary

Organization summary might be incomplete or out of date

This organization is not listed in the IRS's most recent list of tax exempt organizations, but we have data associated with this Employer Identification Number.

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Public, Society Benefit — Multipurpose and Other / Financial Institutions, Services (Non-Government Related) (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$32.4M (2021)

Expenses
$33.7M (2021)

Total Assets
$0 (2021)

Total Liabilities
$0 (2021)

Source: Form 990 tax filings from 2011 to 2021

Tax Filings and Audits by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Audits are required to be submitted by nonprofit organizations that spend $750,000 or more in federal grant money in a fiscal year. "Single audits" look at the entire organization's finances and compliance, while other audits are program specific. Nonprofit Explorer has PDFs of audits for some nonprofits for fiscal year 2015 and later. Audit data is from the Federal Audit Clearinghouse.

Fiscal Year Ending July
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$32,440,997
Expenses
$33,709,441
Net Income
-$1,268,444
Net Assets
$0
Notable Sources of Revenue Percent of Total Revenue
Contributions $203,473
0.6%
Program Services $29,150,512
89.9%
Investment Income $1,588,852
4.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$4,748
Net Inventory Sales $0
Other Revenue $1,502,908
4.6%
Notable Expenses Percent of Total Expenses
Executive Compensation $1,927,100
5.7%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $0
Total Liabilities $0
Net Assets $0
Compensation
Key Employees and Officers Compensation Related Other
Ron Gambill (President/Ceo) $781,505 $0 $15,474
Ken Mann (Cfo) $183,720 $0 $11,554
Melissa Markis (Assistant Vp Loan Operations) $103,174 $0 $9,382
John Mays (Director) $26,000 $0 $0
Mike Ragsdale (Director) $26,000 $0 $0
Richard Smelser (Director) $25,000 $0 $0
Jeff Gerkin (Director) $25,000 $0 $0

Document Links

Fiscal Year Ending Sept.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$44,506,189
Expenses
$45,792,416
Net Income
-$1,286,227
Net Assets
$192,325,014
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $43,326,826
97.4%
Investment Income $2,485,826
5.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$1,926,084
Net Inventory Sales $0
Other Revenue $619,621
1.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $1,628,416
3.6%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $856,801,782
Total Liabilities $664,476,768
Net Assets $192,325,014
Compensation
Key Employees and Officers Compensation Related Other
Ron Gambill (President/Ceo) $760,377 $0 $14,446
Ken Mann (Cfo) $179,447 $0 $9,347
Melissa Markis (Assistant Vp Loan Operations) $105,374 $0 $5,358
John Mays (Director) $22,500 $0 $0
Mike Ragsdale (Director) $22,500 $0 $0
Richard Smelser (Director) $21,500 $0 $0
Jeff Gerkin (Director) $21,500 $0 $0

Document Links

Fiscal Year Ending Sept.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$55,765,627
Expenses
$58,877,514
Net Income
-$3,111,887
Net Assets
$193,611,241
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $53,900,002
96.7%
Investment Income $1,524,415
2.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$108,606
Net Inventory Sales $0
Other Revenue $449,816
0.8%
Notable Expenses Percent of Total Expenses
Executive Compensation $1,638,733
2.8%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $976,087,145
Total Liabilities $782,475,904
Net Assets $193,611,241
Compensation
Key Employees and Officers Compensation Related Other
Ron Gambill (President/Ceo) $759,840 $0 $14,308
Ken Mann (Cfo) $179,658 $0 $10,608
Mike Ragsdale (Director) $22,500 $0 $0
Richard Smelser (Director) $21,500 $0 $0
Jeff Gerkin (Director) $21,500 $0 $0
John Mays (Director) $17,000 $0 $0

Document Links

Fiscal Year Ending Sept.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$57,118,278
Expenses
$54,955,972
Net Income
$2,162,306
Net Assets
$196,723,128
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $53,421,201
93.5%
Investment Income $1,109,711
1.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $2,150,267
3.8%
Net Inventory Sales $0
Other Revenue $437,099
0.8%
Notable Expenses Percent of Total Expenses
Executive Compensation $1,694,341
3.1%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,125,274,900
Total Liabilities $928,551,772
Net Assets $196,723,128
Compensation
Key Employees and Officers Compensation Related Other
Ron Gambill (President/Ceo) $787,408 $0 $23,283
Ken Mann (Cfo) $176,108 $0 $15,142
John Mays (Director) $23,000 $0 $0
Mike Ragsdale (Director) $23,000 $0 $0
Richard Smelser (Director) $21,500 $0 $0
Jeff Gerkin (Director) $21,500 $0 $0

Document Links

Fiscal Year Ending Sept.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$63,222,189
Expenses
$61,224,171
Net Income
$1,998,018
Net Assets
$194,560,822
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $60,507,592
95.7%
Investment Income $802,955
1.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $1,283,398
2.0%
Net Inventory Sales $0
Other Revenue $628,244
1.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $1,588,470
2.6%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,305,226,561
Total Liabilities $1,110,665,739
Net Assets $194,560,822
Compensation
Key Employees and Officers Compensation Related Other
Ron Gambill (President/Ceo) $771,285 $0 $29,011
Ken Mann (Cfo) $163,989 $0 $14,947
John Mays (Director) $22,500 $0 $0
Mike Ragsdale (Director) $22,500 $0 $0
Richard Smelser (Director) $21,500 $0 $0
Jeff Gerkin (Director) $21,500 $0 $0

Document Links

Fiscal Year Ending Sept.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$76,178,289
Expenses
$73,041,709
Net Income
$3,136,580
Net Assets
$192,562,804
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $73,116,684
96.0%
Investment Income $794,792
1.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $1,556,660
2.0%
Net Inventory Sales $0
Other Revenue $710,153
0.9%
Notable Expenses Percent of Total Expenses
Executive Compensation $1,540,250
2.1%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,574,476,255
Total Liabilities $1,381,913,451
Net Assets $192,562,804
Compensation
Key Employees and Officers Compensation Related Other
Ron Gambill (President/Ceo) $737,779 $0 $19,906
Ken Mann (Cfo) $143,754 $0 $13,519
John Mays (Director) $22,000 $0 $0
Mike Ragsdale (Director) $22,000 $0 $0
Richard Smelser (Director) $21,000 $0 $0
Jeff Gerkin (Director) $21,000 $0 $0

Document Links

Fiscal Year Ending Sept.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$85,084,969
Expenses
$87,607,370
Net Income
-$2,522,401
Net Assets
$189,426,224
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $84,225,414
99.0%
Investment Income $277,821
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $581,734
0.7%
Notable Expenses Percent of Total Expenses
Executive Compensation $1,477,235
1.7%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,879,340,862
Total Liabilities $1,689,914,638
Net Assets $189,426,224
Compensation
Key Employees and Officers Compensation Related Other
Ron Gambill (Ceo/President) $722,919 $0 $20,522
Ken Mann (Cfo) $135,480 $0 $9,958
John Mays (Director) $21,000 $0 $0
Mike Ragsdale (Director) $21,000 $0 $0
Richard Smelser (Director) $20,000 $0 $0
Jeff Gerkin (Director) $20,000 $0 $0

Document Links

Fiscal Year Ending Sept.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$101,180,805
Expenses
$92,890,393
Net Income
$8,290,412
Net Assets
$191,948,625
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $100,059,008
98.9%
Investment Income $401,779
0.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $8,333
0.0%
Net Inventory Sales $0
Other Revenue $711,685
0.7%
Notable Expenses Percent of Total Expenses
Executive Compensation $794,651
0.9%
Professional Fundraising Fees $0
Other Salaries and Wages $405,849
0.4%
Assets/Debt
Total Assets $2,199,876,174
Total Liabilities $2,007,927,549
Net Assets $191,948,625
Compensation
Key Employees and Officers Compensation Related Other
Ron Gambill (Ceo/President) $689,666 $0 $23,000
Ken Mann (Cfo) $104,985 $0 $17,417
John Mays (Director) $21,000 $0 $0
John Griess (Director) $21,000 $0 $0
Mike Ragsdale (Director) $20,500 $0 $0
Richard Smelser (Director) $5,000 $0 $0
Jeff Gerkin (Director) $5,000 $0 $0

Document Links

Fiscal Year Ending Sept.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$115,491,733
Expenses
$114,657,919
Net Income
$833,814
Net Assets
$183,658,213
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $114,904,092
99.5%
Investment Income $285,093
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $16,521
0.0%
Net Inventory Sales $0
Other Revenue $286,027
0.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $990,784
0.9%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $2,574,256,153
Total Liabilities $2,390,597,940
Net Assets $183,658,213

Document Links

Fiscal Year Ending Sept.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$166,552,499
Expenses
$186,689,542
Net Income
-$20,137,043
Net Assets
$182,824,399
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $146,524,791
88.0%
Investment Income $18,538,442
11.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$440
Net Inventory Sales $0
Other Revenue $1,489,706
0.9%
Notable Expenses Percent of Total Expenses
Executive Compensation $737,920
0.4%
Professional Fundraising Fees $0
Other Salaries and Wages $62,254
0.0%
Assets/Debt
Total Assets $2,924,198,321
Total Liabilities $2,741,373,922
Net Assets $182,824,399

Document Links

Fiscal Year Ending Sept.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$204,298,632
Expenses
$195,268,791
Net Income
$9,029,841
Net Assets
$202,961,442
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $177,267,681
86.8%
Investment Income $22,769,067
11.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $4,261,884
2.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $715,394
0.4%
Professional Fundraising Fees $0
Other Salaries and Wages $59,465
0.0%
Assets/Debt
Total Assets $4,199,204,038
Total Liabilities $3,996,242,596
Net Assets $202,961,442

Document Links

Fiscal Year Ending Sept.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Sept.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2003

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2002

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2001

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
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  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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