Lancaster Dollars For Higher Learning

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

EIN: 236414300 ✦ Lancaster, PA ✦ Designated as a 501(c)(3)

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Overview

What is Lancaster Dollars For Higher Learning?

Lancaster Dollars for Higher Learning is a nonprofit organization situated in Lancaster, Pennsylvania. Its primary mission is to assist full-time college students in achieving their academic goals by providing interest-free tuition loans. During the year ending September 30, 2022, they extended 261 new loans. Based at 313 W LIBERTY ST STE 343, Lancaster Dollars for Higher Learning employs a modest team of two individuals dedicated to this cause.


Official website here: www.lancdollars.org

Is Lancaster Dollars For Higher Learning legitimate?

Lancaster Dollars For Higher Learning is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lancaster Dollars For Higher Learning 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: $57,269

For more financial information, click here


Official website here: www.lancdollars.org

What is the mission statement of Lancaster Dollars For Higher Learning?

Lancaster Dollars For Higher Learning's mission is centered around assisting full-time college students in achieving their academic goals. The organization accomplishes this by offering interest-free tuition loans to students, with the expectation that the loans will be repaid upon graduation. During the year ending September 30, 2022, 261 new loans were extended to eligible students.


Official website here: www.lancdollars.org

Who is the CEO of Lancaster Dollars For Higher Learning?

Jean Bednarski is the President of Lancaster Dollars For Higher Learning.


Official website here: www.lancdollars.org

What is the revenue of Lancaster Dollars For Higher Learning?

Lancaster Dollars For Higher Learning's revenue in 2022 was $398,162.


Official website here: www.lancdollars.org

Who are the executives of Lancaster Dollars For Higher Learning and what are their salaries?

The average compensation at Lancaster Dollars For Higher Learning during 2022 was $28,634. There are 2 employees and 26 volunteers at Lancaster Dollars For Higher Learning.


Here are 15 key members and their salaries:


Jean Bednarski (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Cathy Ketterman (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Linda Schroeder (Assistant Tr)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mikaela Bender-Rice (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bob Freund (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mark Newkirk (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Melissa Jabour (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
James Lee (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bunnie Buckwalter (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kay Brubaker (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Patrick Carney (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Cindy Ciuffo (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robin Gorini (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Andrew Stich (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Peg Ellison Wolpert (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.lancdollars.org

Where can I find the form 990 for Lancaster Dollars For Higher Learning?

Lancaster Dollars For Higher Learning's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.lancdollars.org

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

Mission Statement of Lancaster Dollars For Higher Learning

Lancaster Dollars for Higher Learning is an organization dedicated to aiding full-time college students in achieving their academic goals. It accomplishes this mission by extending interest-free tuition loans to students, with the expectation that they will repay these loans upon graduation. During the fiscal year ending September 30, 2022, the organization extended 261 such loans.

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Impact




October, 2024

Lancaster Dollars For Higher Learning significantly impacts students' educational journeys by offering interest-free tuition loans, enabling them to pursue their degrees without the burden of accruing interest. With 261 new loans extended in the year ending September 30, 2022, the organization directly supports full-time college students in Lancaster, PA, by financing their education in a more manageable and sustainable way. This support alleviates immediate financial pressures, allowing students to focus on their studies and graduate without the typical debt associated with college loans. Through this initiative, students are empowered to achieve their academic and career goals, contributing to a more educated workforce and community.




This information is meant to be a general summary of Lancaster Dollars For Higher Learning. 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
$398,162 (2022)
201120122013201420152016201720182019202020212022$0$300k$600k$900k$1.2M
Expenses
$281,840 (2022)
201120122013201420152016201720182019202020212022$0$100k$200k$300k$400k
Efficiency
2011201220132014201520162017201820192020202120220%20%40%60%84%

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $97,328
  • Program Service Revenue: $125,549
  • Gross Receipts: $2,709,382

Assets and Liabilities:

  • Total Assets: $5,692,827
  • Total Liabilities: $2,028
  • Net Assets: $5,690,799

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

LOAN ACCRETION

Revenue

$125,549

Organization Details

Founding Year

1961

Principal Officer

Jean Bednarski

Main Address

313 W LIBERTY ST STE 343, LANCASTER, PA, 17603

NTEE Category

Code: B90 - Education

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