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The Phil And Eva Loy Scholarship Fund

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

EIN: 364323117 ✦ Normal, IL ✦ Designated as a 501(c)(3)

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Overview

What is The Phil And Eva Loy Scholarship Fund?

The Phil And Eva Loy Scholarship Fund is a nonprofit organization that focuses on providing financial aid to local high school students, enabling them to pursue further education. Despite not distributing any scholarships in 2019 and 2021, the fund managed to support two deserving students with awards of 500 and 350 dollars respectively during that period. The organization's mission continues to be the provision of educational opportunities for these students.

Is The Phil And Eva Loy Scholarship Fund legitimate?

The Phil And Eva Loy Scholarship Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Phil And Eva Loy Scholarship Fund 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.

What is the mission statement of The Phil And Eva Loy Scholarship Fund?

The Phil And Eva Scholarship Fund's mission is centered around providing financial assistance to local high school students, enabling them to pursue further education. Although no scholarships were distributed in 2019 and 2021, individual students received awards of 500 and 350 respectively in other years. The fund's primary objective is to support the educational journeys of these students, contributing to their personal growth and future prospects.

Who is the CEO of The Phil And Eva Loy Scholarship Fund?

Unavailable

What is the revenue of The Phil And Eva Loy Scholarship Fund?

The Phil And Eva Loy Scholarship Fund's revenue in 2022 was $346.

Who are the executives of The Phil And Eva Loy Scholarship Fund and what are their salaries?


There is 1 key member and their salary:


Heartland Bank & Trust Co (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990EZ for The Phil And Eva Loy Scholarship Fund?

The Phil And Eva Loy Scholarship Fund's most recent form 990EZ was submitted in 2022 and can be accessed here.

Mission Statement of The Phil And Eva Loy Scholarship Fund

The Phil And Eva Loy Scholarship Fund is committed to providing financial aid to deserving local high school students, enabling them to pursue their higher education. Despite not disbursing any scholarships in 2019 and 2021, the fund managed to support two students in 2021, with one recipient receiving 500 and another receiving 350. This nonprofit organization's mission is centered around empowering young individuals by alleviating some of the financial burdens associated with pursuing higher education.

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Impact




October, 2024

The Phil And Eva Loy Scholarship Fund has had a significant impact on supporting local high school students in their pursuit of higher education. By providing scholarships, the fund aims to alleviate some of the financial burdens that students face when transitioning to college or vocational training. Although no scholarships were awarded in 2019 and 2021, the fund did grant awards to two students in other years, ensuring that they received valuable financial support—$500 to one and $350 to another. This assistance plays a crucial role in enabling students to continue their education and seek opportunities that might have otherwise been out of reach, fostering academic growth and future success within the local community of Normal, IL.




This information is meant to be a general summary of The Phil And Eva Loy Scholarship Fund. 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
$346 (2022)
Expenses
$506 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $523
  • Gross Receipts: $7,586

Assets and Liabilities:

  • Total Assets: $16,554
  • Total Liabilities: $0
  • Net Assets: $16,554

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Organization Details

Main Address

200 West College Avenue, Normal, IL, 617612577

NTEE Category

Code: T30 - Philanthropy

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