Memorial Scholarship Loan Fund Of The College Club Of Ridgewood Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 226063186 ✦ Ridgewood, NJ ✦ Designated as a 501(c)(3)

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Overview

What is Memorial Scholarship Loan Fund Of The College Club Of Ridgewood Inc?

Memorial Scholarship Loan Fund of The College Club of Ridgewood is a nonprofit organization that offers interest-free financial aid to matriculated college students. This fund is specifically targeted towards men and women who are in their sophomore, junior, senior, or graduate level studies. Once the students have made their net repayments, they become eligible to receive further interest-free loans from this fund, thereby supporting their higher education financially. This initiative by the organization aims to alleviate some of the financial burden associated with college education.


Official website here: www.collegeclubofnorthernnj.org

Is Memorial Scholarship Loan Fund Of The College Club Of Ridgewood Inc legitimate?

Memorial Scholarship Loan Fund Of The College Club Of Ridgewood Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Memorial Scholarship Loan Fund Of The College Club Of Ridgewood Inc submitted a form 990EZ, 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.


Official website here: www.collegeclubofnorthernnj.org

What is the mission statement of Memorial Scholarship Loan Fund Of The College Club Of Ridgewood Inc?

The Memorial Scholarship Loan Fund of the College Club of Ridgewood provides interest-free loans to qualified individuals who are pursuing their education at the sophomore, junior, senior, or graduate level. The fund operates under the condition that net repayments have been made before providing further loans. The primary objective of this organization is to support students financially, ensuring they can continue their education without the burden of high-interest loans. The fund's assistance is instrumental in helping students complete their studies and secure a brighter future.


Official website here: www.collegeclubofnorthernnj.org

Who is the CEO of Memorial Scholarship Loan Fund Of The College Club Of Ridgewood Inc?

Gabriella Wilday is the President of Memorial Scholarship Loan Fund Of The College Club Of Ridgewood Inc.


Official website here: www.collegeclubofnorthernnj.org

What is the revenue of Memorial Scholarship Loan Fund Of The College Club Of Ridgewood Inc?

Memorial Scholarship Loan Fund Of The College Club Of Ridgewood Inc's revenue in 2023 was $65,596.


Official website here: www.collegeclubofnorthernnj.org

Who are the executives of Memorial Scholarship Loan Fund Of The College Club Of Ridgewood Inc and what are their salaries?


Here are 4 key members and their salaries:


Gabriella Wilday (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kathy Marshall (1St Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Maureen Kuenzler (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Carly Tudda (Mslf)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.collegeclubofnorthernnj.org

Where can I find the form 990EZ for Memorial Scholarship Loan Fund Of The College Club Of Ridgewood Inc?

Memorial Scholarship Loan Fund Of The College Club Of Ridgewood Inc's most recent form 990EZ was submitted in 2023 and can be accessed here.


Official website here: www.collegeclubofnorthernnj.org

Learn more at the official website: www.collegeclubofnorthernnj.org

Mission Statement of Memorial Scholarship Loan Fund Of The College Club Of Ridgewood Inc

The Memorial Scholarship Loan Fund of the College Club of Ridgewood is an organization that extends interest-free loans to men and women who are advanced students in their college education. This nonprofit provides financial assistance to individuals who are at the sophomore, junior, senior, or graduate level. Notably, the fund only dispenses loans once the net repayments have been accounted for. This means that once a student begins repaying their previous loans, the Memorial Scholarship Loan Fund steps in to offer additional support, ensuring that the cost of higher education does not hinder the academic progress of deserving students.

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Impact




October, 2024

The Memorial Scholarship Loan Fund of the College Club of Ridgewood Inc has a significant impact on the education landscape by providing financial support to students pursuing their academic goals. By issuing interest-free loans to fully matriculated students at the sophomore, junior, senior, or graduate level, the fund helps alleviate the financial burdens often associated with higher education.

This support enables students to focus on their studies without the stress of accruing interest on loans, fostering an environment where they can thrive academically. The loans are versatile enough to assist both undergraduate and graduate students in covering essential expenses, making it possible for them to continue their education without interruption.

Through its mission, the Fund empowers individuals to achieve their educational aspirations, contributing to a more educated community. This initiative not only facilitates personal growth and development but also strengthens the overall fabric of society by investing in the potential of future leaders and professionals. The positive ripple effects of this financial assistance can be seen in the increased opportunities for those who might otherwise face financial obstacles, ultimately benefiting the broader community in Ridgewood and beyond.




This information is meant to be a general summary of Memorial Scholarship Loan Fund Of The College Club Of Ridgewood Inc. 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.

Revenue
$65,596 (2023)
Expenses
$56,461 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $4
  • Program Service Revenue: $65,367
  • Gross Receipts: $65,596

Assets and Liabilities:

  • Total Assets: $57,546
  • Total Liabilities: $0
  • Net Assets: $57,546

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Organization Details

Principal Officer

Gabriella Wilday

Main Address

PO BOX 9, RIDGEWOOD, NJ, 07451

NTEE Category

Code: B82 - Education

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