Manheim Central School District Student Loan Fund Association
- Assets
- $1.8m
- Revenue
- $53.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Manheim, PA
- Founding
- 10/1964
- Data as of
- 09/2023
- EIN
- 23-1663795
Organization Overview
Manheim Central School District Student Loan Fund Association, operating under the name Manheim Central Student Loan Fund, is located in Manheim, PA. The organization was established in 1964. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, 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. Manheim Central Student Loan Fund 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 09/2023, Manheim Central Student Loan Fund generated $53.3k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $1.6k during the year ending 09/2023. While expenses have increased by 5.9% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATION ASSISTANCE THROUGH PROVIDING LOANS TO MANHEIM CENTRAL HIGH SCHOOL GRADUATES 203 AS OF SEPTEMBER 30 2023 THAT PURSUE FURTHER EDUCATION ASSISTED 1,040 STUDENTS SINCE INCEPTION IN 1957. FUNDING IS THROUGH LOCAL COMMUNITY CONTRIBUTIONS AND INTEREST INCOME FROM STUDENT LOANS AND CASH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AS OF SEPTEMBER 30 2023 203 MANHEIM CENTRAL HIGH SCHOOL GRADUATES HAVE RECEIVED LOANS WITH 101 BORROWER'S ENROLLED FULL-TIME AND PURSUING UNDERGRADUATE DEGREES; 46 BORROWERS IN PAYMENT DEFERRED STATUS 2023 GRADUATE OR POST GRADUATE CONTINUING EDUCATION; AND 48 IN REPAYMENT STATUS. MANHEIM CENTRAL HIGH SCHOOL GRADUATES APPLY FOR LOANS AND IF DEMAND EXCEEDS AVAILABLE FUNDING RECIPIENTS ARE SELECTED BASED ON CRITERIA THAT INCLUDES BUT NOT LIMITED TO ACADEMIC ACHIEVEMENT COMMUNITY SERVICE SOCIAL ACTIVITIES NEED AND OTHER CONSIDERATIONS. 37 NEW LOANS WERE GRANTED DURING THE FISCAL YEAR ENDED SEPTEMBER 30 2023. TOTAL LOAN DISBURSEMENTS WERE $377,897 DURING THE FISCAL YEAR ENDED SEPTEMBER 30 2023 2ND HIGHEST IN MCSLF HISTORY. AS NOTED IN PART 1 OF THIS FORM 990 FUNDING IS RECEIVED THROUGH CONTRIBUTIONS FROM MANHEIM BUSINESSES AND COMMUNITY LEADERS AND INTEREST FROM RESTRICTED FUNDS HELD AT LOCAL FINANCIAL INSTITUTIONS OF $25,436 AND $9,443 RESPECTIVELY DURING THE FISCAL YEAR ENDED SEPTEMBER 30 2023. $294,983 OF LOAN PRINCIPAL AND INTEREST PAYMENTS WERE RECEIVED DURING THE FISCAL YEAR ENDED SEPTEMBER 30 2023. AS THE ASSOCIATION IS ALL 100% VOLUNTEERS FROM AND ASSOCIATED WITH THE MANHEIM PENNSYLVANIA COMMUNITY EXPENSES OF OPERATING THE ASSOCIATION WERE JUST $1,567 DURING THE FISCAL YEAR ENDED SEPTEMBER 30 2023 AND WERE RELATED TO SERVICES PROVIDED BY LOCAL FINANCIAL INSTITUTIONS BORROWER CORRESPONDENCE AND WEBPAGE ON-LINE HOSTING SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven Young Board Member | Trustee | 0.25 | $0 |
Claudia Zug Board Member | Trustee | 0.25 | $0 |
Nate Campbell Board - President | OfficerTrustee | 1 | $0 |
John Philips Board - Vice President | OfficerTrustee | 0.25 | $0 |
Scott Moyer Board - Treasurer | OfficerTrustee | 3 | $0 |
Tim Bruckhart Board - Assistant Treasurer | OfficerTrustee | 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 | $25,436 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $25,436 |
| Total Program Service Revenue | $18,400 |
| Investment income | $9,443 |
| 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 | $53,279 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| 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 | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $653 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $324 |
| Information technology | $440 |
| Royalties | $0 |
| Occupancy | $150 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,567 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $371,115 |
| 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 | $1,403,405 |
| 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 | $1,774,520 |
| 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 | $1,774,520 |
| 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 | $1,774,520 |