P E O Educational Loan Fund
- Assets
- $85.6m
- Revenue
- $4.1m
- Investments
- $4.1m
- Employees
- 0
- Location
- Des Moines, IA
- Founding
- 09/1962
- Data as of
- 06/2022
- 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 06/2022, P E O Educational Loan Fund generated $4.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $503.5k during the year ending 06/2022. 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
2022
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 $6,387,100 WERE APPROVED DURING THE YEAR FOR 454 WOMEN; 4,694 WERE OUTSTANDING AT YEAR END WITH AN AGGREGATE BALANCE OF $44,189,298. MAXIMUM LOAN FOR ANY WOMAN IS $20,000. PRINCIPAL PAYMENTS DURING THE YEAR TOTALLED $9,320,544.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephanie Halton Board Of Trustees | OfficerTrustee | 5 | $0 |
Laurel Andrew Board Of Trustees | OfficerTrustee | 10 | $0 |
Jan Keeley Board Of Trustees Chair Unti | OfficerTrustee | 13 | $0 |
Nanci Rosensteel Board Of Trustees | OfficerTrustee | 15 | $0 |
Kristin Cresta Board Of Trustees | OfficerTrustee | 6 | $0 |
Marti Ramsey Board Of Trustees | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $301,809 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,433,676 |
| Noncash contributions included in lines 1a–1f | $24,558 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,735,485 |
| Total Program Service Revenue | $754,206 |
| Investment income | $956,657 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $696,071 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,144,312 |
| 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 | $171,491 |
| Pension plan accruals and contributions | $11,043 |
| Other employee benefits | $9,363 |
| Payroll taxes | $12,844 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,872 |
| Fees for services: Accounting | $5,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $97,362 |
| Fees for services: Other | $4,393 |
| Advertising and promotion | $0 |
| Office expenses | $156,829 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $9,200 |
| Travel | $0 |
| 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 | $21,844 |
| Total functional expenses | $503,491 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,659,371 |
| Savings and temporary cash investments | $4,350,941 |
| 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 | $44,189,298 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $29,271,431 |
| Investments—other securities | $4,109,267 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $85,580,308 |
| 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 | $83,435,157 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $2,145,151 |
| Total liabilities and net assets/fund balances | $85,580,308 |
Grants Recieved
Over the last fiscal year, we have identified 33 grants that P E O Educational Loan Fund has recieved totaling $1,469,923.
| Awarding Organization | Amount |
|---|---|
P E O Foundation Des Moines, IA PURPOSE: Educ Loans | $373,413 |
Peo Sisterhood International Chapter Des Moines, IA PURPOSE: Education Loan | $94,500 |
Peo Sisterhood International Chapter Des Moines, IA PURPOSE: Education Loans | $72,838 |
Peo Sisterhood International Chapter Des Moines, IA PURPOSE: Educational Loans | $70,689 |
Peo Sisterhood International Chapter Des Moines, IA PURPOSE: Education Loans | $66,844 |
Peo Sisterhood International Chapter Des Moines, IA PURPOSE: Education Loans | $65,863 |
Endowment Analysis
| Beg. Balance | $2,092,903 |
| Earnings | $122,486 |
| Admin Expense | $7,097 |
| Other Expense | $63,141 |
| Ending Balance | $2,145,151 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Equity Fund Inc Chicago, IL | $118,912,735 | $59,533,345 |
Iowa Student Loan Liquidity Corp West Des Moines, IA | $1,230,053,718 | $45,688,659 |
National Merit Scholarship Corporation Evanston, IL | $183,825,978 | $50,191,294 |
Northstar Education Finance Inc Eagan, MN | $1,293,468,719 | $40,177,777 |
Evans Scholars Foundation Glenview, IL | $101,873,087 | $62,566,812 |
Northwestern Mutual Life Foundation Inc Milwaukee, WI | $106,326,341 | $38,353,841 |
Scholarship America Inc Minneapolis, MN | $219,130,905 | $29,933,482 |
Nebraska Student Loan Program Inc Lincoln, NE | $230,624,169 | $45,453,979 |
Future Leaders Of Americafoundation Inc Chicago, IL | $0 | $13,517,008 |
Kansas City Scholars Inc Kansas City, MO | $5,810,030 | $12,156,402 |
Des Moines Golf And Country Club West Des Moines, IA | $24,329,403 | $13,657,003 |
Waitt Foundation North Sioux City, SD | $157,175,219 | $6,009,824 |