Dartmouth Educational Loan Corp

Organization Overview

Dartmouth Educational Loan Corp is located in Hanover, NH. The organization was established in 1982. 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. Dartmouth Educational Loan Corp 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 06/2022, Dartmouth Educational Loan Corp generated $769.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (17.6%) each year. All expenses for the organization totaled $1.2m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (13.5%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

THE SOLE PURPOSE OF THE CORPORATION IS TO GRANT LOANS AND SCHOLARSHIPS TO QUALIFIED STUDENTS OF DARTMOUTH COLLEGE AND ITS PROFESSIONAL SCHOOLS TO HELP FINANCE THEIR EDUCATIONAL COSTS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

IN FISCAL YEAR 2022, THE CORPORATION PROVIDED LOANS TOTALING $1,190,130 TO 24 STUDENTS.


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Board, Officers & Key Employees

Name (title)Compensation
Name Not Listed
Member/vice President
$0
Name Not Listed
Member/secretary
$0
Name Not Listed
Member/vice President
$0
Name Not Listed
Member/president (through August 2021)
$0
Name Not Listed
Member/president (from October 2021)
$0
Name Not Listed
Member/treasurer
$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$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$103,808
Investment income $212,955
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $452,241
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $769,004

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