Ensin Joseph Sherwood Mayo Loan Fund
- Assets
- $5.2m
- Revenue
- $268.5k
- Investments
- $4.4m
- Employees
- 3
- Location
- Bellingham, WA
- Founding
- 02/1959
- Data as of
- 06/2022
- EIN
- 94-6083198
Organization Overview
Ensin Joseph Sherwood Mayo Loan Fund is located in Bellingham, WA. The organization was established in 1959. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 06/2022, Ensin Joseph Sherwood Mayo Loan Fund employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ensin Joseph Sherwood Mayo 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, Ensin Joseph Sherwood Mayo Loan Fund generated $268.5k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.9% each year . All expenses for the organization totaled $70.8k during the year ending 06/2022. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION HAS ONLY ONE DIRECT CHARITABLE ACTIVITY. THE ENSIGN JOSEPH SERWOOD MAYO DEMOLAY LOAN FUND IS A PROVIDER OF LOW COST AND INTEREST FREE STUDENT LOANS. FOR THIS FISCAL YEAR IT PROVIDED EIGHT NEW STUDENT LOANS TOTALING $46,000.00.
THE ORGANIZATION HAS ONLY ONE DIRECT CHARITABLE ACTIVITY. THE ENSIGN JOSEPH SERWOOD MAYO DEMOLAY LOAN FUND IS A PROVIDER OF LOW COST AND INTEREST FREE STUDENT LOANS. FOR THIS FISCAL YEAR IT INCURRED PROFIT AND LOSS STATEMENT TOTAL EXPENSES TOTALING $70,849.15.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kenneth Ghiringhelli Treas & Trustee | 8 | $25,200 | |
Jerry Saville Sec & Trustee | 1 | $2,100 | |
Lynn Apcar Trustee | 0.25 | $0 | |
Teddy Hammock Trustee | 0.25 | $0 | |
W Scott Walsh Pres & Trustee | 8 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,656 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $266,821 |
| Total Revenue | $268,477 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $27,300 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,200 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $764 |
| Printing and publications | $19 |
| Other expenses | $5,461 |
| Total operating and administrative expenses | $70,849 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $70,849 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $72,924 |
| Savings and temporary cash investments | $13,441 |
| Net Accounts receivable | $738,220 |
| 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 | $5,177,272 |
| 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 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
J R Simplot Company Foundation Inc Boise, ID | $71,703,701 | $5,686,010 |
College Spark Washington Seattle, WA | $104,693,147 | $3,230,019 |
Idaho Association For The Education Of Young Children Boise, ID | $1,636,700 | $5,141,669 |
Pwh Educational Foundation Inc Spokane, WA | $62,473,304 | $11,260,767 |
Arctic Education Foundation Anchorage, AK | $36,876,877 | $4,892,952 |
College Dreams Inc Grants Pass, OR | $2,542,440 | $3,694,638 |
Calista Education And Culture Inc Anchorage, AK | $4,627,713 | $2,487,452 |
Kmr Group Foundation Vancouver, WA | $32,236,591 | $1,808,486 |
Aleut Foundation Anchorage, AK | $925,739 | $1,724,058 |
R Merle Palmer Minority Scholarship Foundation Tacoma, WA | $1,801,300 | $1,443,994 |
Greater Seattle Business Assoc Scholarship Fund Seattle, WA | $4,889,386 | $1,584,416 |
One Ummah Foundation In Memory Of Mustafa Saeed Rahman Lake Oswego, OR | $1,906,238 | $1,873,006 |