P E O Educational Loan Fund
- Assets
- $89.1m
- Revenue
- $3.9m
- Investments
- $3.9m
- Employees
- 0
- Location
- Des Moines, IA
- Founding
- 09/1962
- Data as of
- 06/2023
- EIN
- 42-6078059
Organization Overview
P E O Educational Loan Fund is located in Des Moines, IA. The organization was established in 1962. 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. P E O Educational 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 06/2023, P E O Educational Loan Fund generated $3.9m in total revenue. The organization has seen a slow decline revenue. Over the past 3 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $407.9k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (4.7%) per year over the past 3 years. 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
TO PROVIDE FINANCIAL ASSISTANCE IN THE FORM OF LOW INTEREST LOANS TO QUALIFIED WOMEN STUDENTS WHO ARE PURSUING HIGHER EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LOANS TOTALING $6,514,200 WERE APPROVED DURING THE YEAR FOR 457 WOMEN; 4,751 WERE OUTSTANDING AT YEAR END WITH AN AGGREGATE BALANCE OF $41,335,934. MAXIMUM LOAN FOR ANY WOMAN IS $20,000. PRINCIPAL PAYMENTS DURING THE YEAR TOTALLED $8,822,764.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Pauline Nygaard Board Of Trustees After 922 | OfficerTrustee | 6 | $0 |
Stephanie Halton Board Of Trustees | OfficerTrustee | 11 | $0 |
Harpreet Sareen Board Of Trustees After 922 | OfficerTrustee | 4 | $0 |
Kristen Cresta Board Of Trustees Until 922 | OfficerTrustee | 6 | $0 |
Ann Lambert Board Of Trustees Chair Unti | OfficerTrustee | 4 | $0 |
Marti Ramsey Board Of Trustees | OfficerTrustee | 9 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $229,123 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,487,771 |
| Noncash contributions included in lines 1a–1f | $551 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,716,894 |
| Total Program Service Revenue | $718,352 |
| Investment income | $998,272 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $512,026 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,948,036 |
| 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 | $152,034 |
| Pension plan accruals and contributions | $7,721 |
| Other employee benefits | $16,239 |
| Payroll taxes | $11,509 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,479 |
| Fees for services: Accounting | $5,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $39,606 |
| Fees for services: Other | $7,223 |
| Advertising and promotion | $0 |
| Office expenses | $148,560 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $9,200 |
| Travel | $9,062 |
| 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 | $407,883 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,938,982 |
| Savings and temporary cash investments | $5,535,435 |
| 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 | $41,335,934 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $32,447,818 |
| Investments—other securities | $3,862,292 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $89,120,461 |
| 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 | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $86,940,859 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $2,179,602 |
| Total liabilities and net assets/fund balances | $89,120,461 |