Massillon Educational Loan Foundation Inc
- Assets
- $2.1m
- Revenue
- $38.9k
- Investments
- $1.2m
- Employees
- 0
- Location
- Massillon, OH
- Founding
- 03/1977
- Data as of
- 08/2023
- EIN
- 34-1196801
Organization Overview
Massillon Educational Loan Foundation Inc is located in Massillon, OH. The organization was established in 1977. 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. Massillon Educational Loan Foundation Inc 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 08/2023, Massillon Educational Loan Foundation Inc generated $38.9k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.2% each year. All expenses for the organization totaled $19.9k during the year ending 08/2023. While expenses have increased by 0.5% per year over the past 8 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elizabeth Hersher President | 1 | $0 | |
Renee Parr Trustee | 1 | $0 | |
Rebecca Craig Trustee | 1 | $0 | |
Barbara Tscholl Trustee | 1 | $0 | |
Michelle Burch Vice President | 1 | $0 | |
Sarah Peterson Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $68,980 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$37,300 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $7,199 |
| Total Revenue | $38,879 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $211 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $50 |
| Printing and publications | $0 |
| Other expenses | $4,416 |
| Total operating and administrative expenses | $19,930 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $19,930 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $51,148 |
| Savings and temporary cash investments | $254,307 |
| Net Accounts receivable | $645,765 |
| 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 | $2,140,684 |
| 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 |