Litchfield Memorial Student Loan Fund Inc
- Assets
- $692.5k
- Revenue
- $48.6k
- Investments
- $537.7k
- Employees
- 0
- Location
- Evansville, IN
- Founding
- 09/2007
- Data as of
- 07/2022
- EIN
- 35-6772670
Organization Overview
Litchfield Memorial Student Loan Fund Inc is located in Evansville, IN. The organization was established in 2007. According to its NTEE Classification (W60) the organization is classified as: Financial Institutions, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Litchfield Memorial Student Loan Fund 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 07/2022, Litchfield Memorial Student Loan Fund Inc generated $48.6k 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 (7.6%) each year. All expenses for the organization totaled $50.5k during the year ending 07/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Litchfield Memorial Student Loan Fund Inc has awarded 58 individual grants totaling $210,750. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
H B Quinn Attorney | 0 | $0 | |
Debbie Fuller Cpa | 0 | $0 | |
Paxton Redd Pastor | 0 | $0 | |
Old National Bank Trust Office | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $915 |
| Dividends & Interest | $11,884 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $15,152 |
| Capital Gain Net Income | $15,152 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $20,607 |
| Total Revenue | $48,558 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,309 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $15 |
| Total operating and administrative expenses | $14,537 |
| Contributions, gifts, grants paid | $36,000 |
| Total expenses and disbursements | $50,537 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1 |
| Savings and temporary cash investments | $30,265 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $124,557 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $178,145 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $692,521 |
| 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 |
Grants Awarded
Over the last fiscal year, Litchfield Memorial Student Loan Fund Inc has awarded $36,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
Murray, KY PURPOSE: EDUCATION | $22,500 |
BETHAL UNIVERSITY PURPOSE: EDUCATION | $4,500 |
UNIVERSITY OF KENTUCKY PURPOSE: EDUCATION | $2,250 |
UNIVERSITY OF LOUISVILLE PURPOSE: EDUCATION | $2,250 |
HOPKINSVILLE COMMUNITY COLLEGE PURPOSE: EDUCATION | $2,250 |
Bowling Green, KY PURPOSE: EDUCATION | $2,250 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Filene Research Institute Inc Madison, WI | $14,627,615 | $8,184,489 |
American Association Of Individual Investors Chicago, IL | $3,907,493 | $7,934,060 |
Midwestern University Foundation Downers Grove, IL | $61,061,640 | $1,129,249 |
Henry Strong Educational Foundation Po Box Chicago, IL | $14,214,951 | $483,093 |
Indiana Mortgage Bankers Inc Lawrenceburg, IN | $139,506 | $269,818 |
Illinois Ventures For Community Action Springfield, IL | $7,084,723 | $38,041 |
Northwest Wisconsin Business Development Corporation Spooner, WI | $4,387,654 | $89,093 |
Kentucky Financial Services Association Inc Frankfort, KY | $45,097 | $0 |
Beyond Housing Nhs Community Lending Corporation St Louis, MO | $1,585,039 | $74,753 |
Contractor Loan Fund Inc Saint Louis, MO | $0 | $5,146 |
Litchfield Memorial Student Loan Fund Inc Evansville, IN | $692,521 | $48,558 |
Elizabeth Malick Edwards Educational Fund In Tr Creve Coeur, MO | $953,244 | $46,946 |