Overview
What is Peo Educational Loan Fund?
The Peo Educational Loan Fund is a nonprofit organization situated in Des Moines, Iowa. Their primary mission is to offer financial aid through low-interest loans to eligible women pursuing higher education. During the year, they approved loans amounting to $6,514,200 for 457 women. The maximum loan amount per individual is capped at $20,000. At the end of the year, there were 4,751 outstanding loans with a total balance of $41,335,934. Principal repayments during the year reached $8,822,764. The fund's objective is to empower women by providing them with the necessary financial support to further their education.
Official website here: www.peointernational.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76% (Three-Star out of Four Stars)
The Peo Educational Loan Fund has earned a Three-Star rating from Charity Navigator, reflecting a solid performance in accountability and finance metrics. The organization has achieved full marks in several areas, including having 100% independent board members and no material diversion of assets, highlighting strong governance practices.
However, the fund's program expense ratio stands at 54.28%, which suggests that a significant portion of its financial resources may not be directly allocated to its educational programs. While the organization demonstrates strong financial oversight with its audit and conflict of interest policies, the lower program expense ratio indicates potential areas for improvement in maximizing the impact of its initiatives.
Overall, the Peo Educational Loan Fund shows a commitment to financial accountability and transparency. For potential donors and beneficiaries, understanding the balance between administrative costs and program funding is crucial in evaluating the organization's effectiveness in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Peo Educational Loan Fund legitimate?
Peo Educational Loan Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Peo Educational Loan Fund 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
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Other Salaries and Wages: $152,034
For more financial information, click here
Official website here: www.peointernational.org
What is the mission statement of Peo Educational Loan Fund?
The Peo Educational Loan Fund's mission is centered around providing financial aid, specifically in the form of low-interest loans, to deserving women who are committed to furthering their education by pursuing higher studies. During the year, the fund approved loans amounting to $6,514,200 for 457 eligible students. At year-end, there were 4,751 outstanding loans with an accumulated balance of $41,335,934. The maximum loan amount for any individual is capped at $20,000. Principal repayments during the year totaled $8,822,764.
Official website here: www.peointernational.org
Who is the CEO of Peo Educational Loan Fund?
Dana Van Roekel is the Board Of Trustees After 922 of Peo Educational Loan Fund.
Official website here: www.peointernational.org
What is the revenue of Peo Educational Loan Fund?
Peo Educational Loan Fund's revenue in 2023 was $3,948,036.
Official website here: www.peointernational.org
Who are the executives of Peo Educational Loan Fund and what are their salaries?
There 56 volunteers at Peo Educational Loan Fund.
Here are 10 key members and their salaries:
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Official website here: www.peointernational.org
Where can I find the form 990 for Peo Educational Loan Fund?
Peo Educational Loan Fund's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.peointernational.org
Learn more at the official website: www.peointernational.org
Mission Statement of Peo Educational Loan Fund
The Peo Educational Loan Fund is committed to providing financial aid in the form of affordable loans to deserving women who are pursuing higher education. This nonprofit organization's mission is centered around offering low-interest loans to qualified women students, thereby enabling them to further their academic pursuits. In the past year, the Peo Educational Loan Fund approved loans totaling $6,514,200 for 457 women. At the end of the year, a total of 4,751 loans, amounting to $41,335,934, were still outstanding. The maximum loan amount that any woman can receive from this fund is set at $20,000. Additionally, throughout the year, principal payments amounting to $8,822,764 were made.
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Impact
July, 2024
Peo Educational Loan Fund's impact can be clearly seen in the numbers: during the year, loans totaling over $6.5 million were approved for 457 women who are pursuing higher education. At the end of the year, there were 4,751 outstanding loans with an aggregate balance of over $41 million. This demonstrates the significant financial assistance provided to women students in achieving their educational goals. The fund's maximum loan of $20,000 per woman and the principal payments totaling over $8.8 million during the year further highlight its substantial support for women pursuing higher education.
This information is meant to be a general summary of Peo Educational Loan 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $1,510,298
- Program Service Revenue: $718,352
- Gross Receipts: $10,932,587
Assets and Liabilities:
- Total Assets: $89,120,461
- Total Liabilities: $0
- Net Assets: $89,120,461
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Interest on loans
Revenue
$718,352
Organization Details
Founding Year
1907
Principal Officer
Dana Van Roekel
Main Address
3700 Grand Ave, Des Moines, IA, 503122806
Website
www.peointernational.orgNTEE Category
Code: B82 - Education
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