Overview
What is Connecticut Student Loan Foundation?
The Connecticut Student Loan Foundation, located in Hartford, Connecticut, is a nonprofit organization with a single employee. Their primary mission is to enhance educational opportunities by promoting loan repayment and offering relevant services. This involves administering student loan programs, aiming to improve educational prospects for individuals. The Foundation's activities encompass managing student loans and their associated interest. By providing appropriate services, they contribute to the successful administration of programs designed to boost educational opportunities.
Official website here: www.cslf.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star rating)
The Connecticut Student Loan Foundation has achieved a respectable Three-Star rating from Charity Navigator, indicating a solid performance in accountability and finance. With a score of 81% overall, the organization demonstrates strong governance, highlighted by its 88% independent board members and an effective audit and oversight committee that received full points.
Strengths include a high program expense ratio of 96.5%, suggesting that the majority of funds are directed toward its mission rather than administrative costs. The organization also adheres to best practices with a conflict of interest policy, a whistleblower policy, and clear documentation of board meeting minutes, all of which contribute to transparency and ethical management.
While the organization shows robust financial health and governance, ongoing evaluations will be important to maintain these high standards and address any potential areas for improvement. Overall, Connecticut Student Loan Foundation appears to be a reliable nonprofit committed to its mission of supporting student loans.
This AI summary has been generated from information found on Charity Navigator.
Is Connecticut Student Loan Foundation legitimate?
Connecticut Student Loan Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Connecticut Student Loan Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.cslf.org
What is the mission statement of Connecticut Student Loan Foundation?
The Connecticut Student Loan Foundation's mission is centered around enhancing educational opportunities and encouraging loan repayment. They accomplish this by offering appropriate services in the administration of programs designed to improve educational opportunities. The organization's primary focus is on student loan management and managing interest on student loan receivables. Their activities aim to provide support and resources to individuals in need, contributing to a broader goal of fostering educational advancement.
Official website here: www.cslf.org
Who is the CEO of Connecticut Student Loan Foundation?
Jeanette Weldon is the Executive Director of Connecticut Student Loan Foundation.
Official website here: www.cslf.org
What is the revenue of Connecticut Student Loan Foundation?
Connecticut Student Loan Foundation's revenue in 2023 was $6,578,182.
Official website here: www.cslf.org
Who are the executives of Connecticut Student Loan Foundation and what are their salaries?
There is 1 employee at Connecticut Student Loan Foundation.
Here are 13 key members and their salaries:
- Compensation: $0
- Related: $256,577
- Other: $56,957
- Compensation: $0
- Related: $206,898
- Other: $27,701
- Compensation: $0
- Related: $203,031
- Other: $28,419
- Compensation: $0
- Related: $187,461
- Other: $63,473
- Compensation: $0
- Related: $171,794
- Other: $25,521
- Compensation: $0
- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
Official website here: www.cslf.org
Where can I find the form 990 for Connecticut Student Loan Foundation?
Connecticut Student Loan Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.cslf.org
Learn more at the official website: www.cslf.org
Mission Statement of Connecticut Student Loan Foundation
Connecticut Student Loan Foundation is dedicated to enhancing educational opportunities and encouraging loan repayment. They accomplish this by administering various programs and providing necessary services. The organization's primary objective is to improve educational prospects for individuals, while simultaneously ensuring the repayment of loans. They play a crucial role in managing student loans and the interest associated with them. By administering programs that aim to improve educational opportunities, Connecticut Student Loan Foundation contributes significantly to the broader goal of fostering a well-educated society.
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Impact
July, 2024
Connecticut Student Loan Foundation plays a crucial role in improving educational opportunities and promoting loan repayment. Through its student loan management and interest on student loan receivables services, the foundation supports individuals in pursuing higher education and successfully managing their loan obligations. In doing so, it contributes to the overall goal of enhancing educational access and affordability for students in Connecticut and beyond.
This information is meant to be a general summary of Connecticut Student Loan Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $226,992
- Program Service Revenue: $6,219,190
- Gross Receipts: $6,578,182
Assets and Liabilities:
- Total Assets: $96,313,464
- Total Liabilities: $76,707,832
- Net Assets: $19,605,632
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN PORTFOLIO INTERES
Revenue
$6,082,760
LATE FEE INCOME
Revenue
$136,430
Organization Details
Founding Year
1967
Phone
(860) 761-8418Principal Officer
Jeanette Weldon
Main Address
10 COLUMBUS BOULEVARD 7TH FLOOR, HARTFORD, CT, 061061978
Website
www.cslf.orgNTEE Category
Code: W600 - Public benefit
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