Ezra L Baker Educational Loan Fund

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

EIN: 466018786 ✦ Aberdeen, SD ✦ Designated as a 501(c)(3)

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Overview

What is Ezra L Baker Educational Loan Fund?

The Ezra L Baker Educational Loan Fund is a charitable organization specifically catering to the First Baptist Church of Aberdeen's congregation. Its primary function is to offer student loans for higher education at affordable interest rates. In 2022, the fund successfully disbursed $4,500 in new loans, demonstrating its continuous support for deserving individuals seeking college or university education. The organization's mission is centered around financial assistance, empowering members of the First Baptist Church of Aberdeen to pursue their academic goals.

Is Ezra L Baker Educational Loan Fund legitimate?

Ezra L Baker Educational Loan Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ezra L Baker Educational Loan 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 Ezra L Baker Educational Loan Fund?

The Ezra L Baker Educational Loan Fund's mission is centered around providing financial assistance for higher education. Specifically, it administers student loans to deserving individuals affiliated with the First Baptist Church of Aberdeen, enabling them to pursue college or university studies. The organization shows commitment by offering these loans at affordable interest rates, as demonstrated by issuing $4,500 in new loans in 2022. The fund's mission essentially aims to make higher education more accessible for those in need, thereby empowering them to build a better future.

Who is the CEO of Ezra L Baker Educational Loan Fund?

Mark Engelhart is the Trustee of Ezra L Baker Educational Loan Fund.

What is the revenue of Ezra L Baker Educational Loan Fund?

Ezra L Baker Educational Loan Fund's revenue in 2022 was $20,735.

Who are the executives of Ezra L Baker Educational Loan Fund and what are their salaries?


Here are 3 key members and their salaries:


Mark Engelhart (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
William O Edwards (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Pastor Gary Compton (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990EZ for Ezra L Baker Educational Loan Fund?

Ezra L Baker Educational Loan Fund's most recent form 990EZ was submitted in 2022 and can be accessed here.

Mission Statement of Ezra L Baker Educational Loan Fund

The Ezra L Baker Educational Loan Fund is committed to assisting deserving members of the First Baptist Church of Aberdeen in their pursuit of higher education. Its mission is to provide student loans for college or university training at affordable rates. In 2022, the fund issued $4,500 in new loans, demonstrating its ongoing commitment to supporting its beneficiaries. The loans offered by the Ezra L Baker Educational Loan Fund are provided at low or modest interest rates, making higher education more accessible and affordable for its recipients.

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Impact




October, 2024

The Ezra L Baker Educational Loan Fund has a significant impact on the educational opportunities available to deserving attendants of the First Baptist Church of Aberdeen. By administering student loans specifically for college or university training, the fund alleviates financial barriers that might prevent individuals from pursuing higher education. In 2022 alone, the fund issued $4,500 in new loans, enabling students to access necessary resources for their academic journeys at low or modest interest rates. This support not only facilitates personal development and growth but also contributes to the community's overall educational advancement, fostering a culture of learning and achievement.




This information is meant to be a general summary of Ezra L Baker 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.

Revenue
$20,735 (2022)
Expenses
$5,755 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $10,190
  • Program Service Revenue: $468
  • Gross Receipts: $71,338

Assets and Liabilities:

  • Total Assets: $345,760
  • Total Liabilities: $211
  • Net Assets: $345,549

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Organization Details

Principal Officer

Mark Engelhart

Main Address

1611 Maplewood Lane, Aberdeen, SD, 57401

NTEE Category

Code: B82 - Education

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