L Arthur Oneill Jr Educational Fund
- Assets
- $2.6m
- Revenue
- $114.2k
- Investments
- $2.1m
- Employees
- 0
- Location
- Sumter, SC
- Founding
- 09/1973
- Data as of
- 04/2024
- EIN
- 23-7227009
Organization Overview
L Arthur Oneill Jr Educational Fund is located in Sumter, SC. The organization was established in 1973. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, 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. L Arthur Oneill Jr Educational 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 04/2024, L Arthur Oneill Jr Educational Fund generated $114.2k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 5.1% each year. All expenses for the organization totaled $72.8k during the year ending 04/2024. While expenses have increased by 0.1% 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
STUDENT LOANS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Vivian Williams Consultant | 12 | $10,200 | |
Trustees 7 Trustees | 2 | $19,750 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $21,010 |
| Dividends & Interest | $68,248 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $24,171 |
| Capital Gain Net Income | $21,809 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $750 |
| Total Revenue | $114,179 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $29,950 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $16 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,200 |
| Total operating and administrative expenses | $72,846 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $72,846 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $281,019 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $258,080 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,591,183 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |