Mabel E Sherman Educational Fund C/O Citizens First National Bank

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

EIN: 426278859 ✦ Storm lake, IA ✦ Designated as a 501(c)(3)

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Overview

What is Mabel E Sherman Educational Fund C/O Citizens First National Bank?

Mabel E Sherman Educational Fund C/O Citizens First National Bank is a nonprofit organization located in Storm Lake, Iowa. Their primary mission is to support students attending Morningside College, Buena Vista University, and Cornell College by providing them with student loans, scholarships, and grants. This fund aims to empower individuals seeking higher education at these institutions, thereby contributing to their academic growth and success. The organization has a postal address for mailing purposes and operates within the specified state.

Is Mabel E Sherman Educational Fund C/O Citizens First National Bank legitimate?

Mabel E Sherman Educational Fund C/O Citizens First National Bank is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mabel E Sherman Educational Fund C/O Citizens First National Bank 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

What is the mission statement of Mabel E Sherman Educational Fund C/O Citizens First National Bank?

The Mabel E Sherman Educational Fund, managed by Citizens First National Bank, is committed to providing financial aid in the form of student loans, scholarships, and grants. This support is intended for students enrolled in Morningside College, Buena Vista University, and Cornell College. By distributing funds to these institutions, the fund aims to advance educational opportunities for these students. This mission is instrumental in helping individuals with financial needs to pursue their higher education.

Who is the CEO of Mabel E Sherman Educational Fund C/O Citizens First National Bank?

Unavailable

What is the revenue of Mabel E Sherman Educational Fund C/O Citizens First National Bank?

Mabel E Sherman Educational Fund C/O Citizens First National Bank's revenue in 2023 was $328,553.

Who are the executives of Mabel E Sherman Educational Fund C/O Citizens First National Bank and what are their salaries?


There is 1 key member and their salary:


Citizens First National Bank (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $39,702
Where can I find the form 990 for Mabel E Sherman Educational Fund C/O Citizens First National Bank?

Mabel E Sherman Educational Fund C/O Citizens First National Bank's most recent form 990 was submitted in 2023 and can be accessed here.

Mission Statement of Mabel E Sherman Educational Fund C/O Citizens First National Bank

The Mabel E Sherman Educational Fund, managed by Citizens First National Bank, is committed to supporting the educational aspirations of students. Its primary mission is to provide student loans, scholarships, and grants to individuals attending Morningside College, Buena Vista University, and Cornell College. By distributing funds to these institutions, the fund aims to advance the academic pursuits of students attending these colleges, enabling them to overcome financial barriers and pursue their higher education. The Mabel E Sherman Educational Fund plays a crucial role in fostering educational opportunities and empowering deserving students to achieve their academic goals.

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Impact




October, 2024

The Mabel E Sherman Educational Fund C/O Citizens First National Bank significantly impacts the education landscape by enabling access to higher education for students at Morningside College, Buena Vista University, and Cornell College. By providing student loans, scholarships, and grants, the fund alleviates financial burdens, empowering individuals to pursue their academic goals without the overwhelming concern of tuition costs.

Through its support, the fund directly contributes to the advancement of these institutions, ensuring that students have the resources needed to excel in their studies. This initiative not only enhances individual lives but also fosters a more educated workforce, benefiting the community and beyond. By investing in education, the fund plays a vital role in shaping future leaders and promoting lifelong learning.




This information is meant to be a general summary of Mabel E Sherman Educational Fund C/O Citizens First National Bank. 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
$328,553 (2023)
Expenses
$195,522 (2023)
Efficiency

Other financial information:

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

  • Investment Income: $328,553
  • Gross Receipts: $808,645

Assets and Liabilities:

  • Total Assets: $7,696,304
  • Total Liabilities: $0
  • Net Assets: $7,696,304

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Organization Details

Founding Year

1978

Main Address

PO BOX 1227, STORM LAKE, IA, 50588

NTEE Category

Code: B99 - Education

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