Overview
What is Lucy S Elliott Loan Fund?
The Lucy S Elliott Loan Fund is a nonprofit organization that focuses on education and religion, primarily in the realm of financial aid. It offers interest-free student loans to individuals who demonstrate financial need. In addition to this, the fund sets aside 5% of its funds to support Trinity Episcopal Church in Pine Bluff, Arkansas. The organization's mission is to contribute positively to education and religious causes through its loan program and charitable contributions.
Is Lucy S Elliott Loan Fund legitimate?
Lucy S Elliott Loan Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lucy S Elliott 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
Professional Fundraising Fees: $0
Other Salaries and Wages: $10,000
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What is the mission statement of Lucy S Elliott Loan Fund?
The Lucy S Elliott Loan Fund, an organization dedicated to educational and religious causes, provides interest-free student loans to individuals in need. It supports these pursuits by offering financial aid. Furthermore, the fund sets aside a portion of its resources (5%) for Trinity Episcopal Church, contributing to religious activities. In essence, the Lucy S Elliott Loan Fund aims to promote learning and faith by offering financial assistance.
Who is the CEO of Lucy S Elliott Loan Fund?
Tommy Palmer is the President of Lucy S Elliott Loan Fund.
What is the revenue of Lucy S Elliott Loan Fund?
Lucy S Elliott Loan Fund's revenue in 2022 was $290,978.
Who are the executives of Lucy S Elliott Loan Fund and what are their salaries?
The average compensation at Lucy S Elliott Loan Fund during 2022 was $10,000. There is 1 employee at Lucy S Elliott Loan Fund.
Here are 6 key members and their salaries:
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Where can I find the form 990 for Lucy S Elliott Loan Fund?
Lucy S Elliott Loan Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Lucy S Elliott Loan Fund
The Lucy S Elliott Loan Fund, an educational and religious organization, fulfills its mission by offering interest-free student loans to individuals in need. This funding is not a grant, but rather a loan, which is a testament to the fund's belief in the financial potential of its recipients. The fund also sets aside 5% of its corpus to support Trinity Episcopal Church in Pine Bluff, Arkansas, reflecting its dedication to both education and religion. By providing financial assistance and supporting religious institutions, the Lucy S Elliott Loan Fund seeks to contribute to the broader community and nurture the growth of its beneficiaries.
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Impact
October, 2024
The Lucy S Elliott Loan Fund significantly impacts its community by offering interest-free student loans aimed at individuals facing financial challenges. By alleviating the burden of interest payments, recipients can focus more on their education and personal development. This financial support fosters educational attainment, empowering individuals to pursue their academic goals and improve their future prospects.
In addition to aiding individuals, the Loan Fund also strengthens its local community by allocating 5% of its corpus to the Trinity Episcopal Church in Pine Bluff, Arkansas. This contribution reinforces the church's role in supporting educational and religious initiatives, creating a holistic approach to community upliftment. Overall, the Lucy S Elliott Loan Fund plays a vital role in promoting education and religious engagement, ultimately benefiting both individuals and the wider community.
This information is meant to be a general summary of Lucy S Elliott 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 2022.
- Investment Income: $290,978
- Gross Receipts: $1,647,004
Assets and Liabilities:
- Total Assets: $2,931,390
- Total Liabilities: $95,103
- Net Assets: $2,836,287
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Organization Details
Founding Year
1975
Principal Officer
Tommy Palmer
Main Address
P O BOX 8069, PINE BLUFF, AR, 716118069
NTEE Category
Code: W60Z - Public benefit
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