Smick Memorial Loan Fund

Organization Overview

Smick Memorial Loan Fund is located in Oberlin, KS. The organization was established in 1971. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Smick Memorial 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 12/2021, Smick Memorial Loan Fund generated $470.0 in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (7.3%) each year. All expenses for the organization totaled $341.0 during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (1.8%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990PF Filing

TAX YEAR

2021

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE FUND PROVIDES INTEREST FREE LOANS TO STUDENTS ATTENDING POST SECONDARY SCHOOLS. LOANS OF 5000 WERE MADE TO STUDENTS IN 2021.


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Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $378
Interest on Savings $92
Dividends & Interest $0
Net Rental Income$0
Net Gain on Sale of Assets $0
Capital Gain Net Income $0
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $0
Total Revenue $470

Grants Awarded

Over the last fiscal year, Smick Memorial Loan Fund has awarded $14,250 in support to 10 organizations.

Grant RecipientAmount

DEREK CHAMBERS

PURPOSE: STUDENT LOAN

$1,500

HUNTER NEDLAND

PURPOSE: STUDENT LOAN

$1,500

KARIAH CASTLE

PURPOSE: STUDENT LOAN

$1,500

ELIZABETH NEDLAND

PURPOSE: STUDENT LOAN

$1,500

MOLLY JANSONIUS

PURPOSE: STUDENT LOAN

$1,500

MAKENZIE NELSON

PURPOSE: STUDENT LOAN

$1,500
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