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Lincoln County Rotary Student Loan Fund Inc

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

EIN: 562071604 ✦ Lincolnton, NC ✦ Designated as a 501(c)(3)

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Overview

What is Lincoln County Rotary Student Loan Fund Inc?

The Lincoln County Rotary Student Loan Fund Inc is a nonprofit organization that offers affordable educational loans to eligible students, with the primary aim of facilitating their higher education opportunities. This charitable entity, situated in Lincoln County, is dedicated to fulfilling its mission of granting college loans to deserving individuals, thereby contributing to their academic growth and future success.


Official website here: www.rotarylinc.org

Is Lincoln County Rotary Student Loan Fund Inc legitimate?

Lincoln County Rotary Student Loan Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lincoln County Rotary Student Loan Fund Inc 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


Official website here: www.rotarylinc.org

What is the mission statement of Lincoln County Rotary Student Loan Fund Inc?

The Lincoln County Rotary Student Loan Fund, as an organization, is committed to providing low-cost college loans for eligible students, serving as a catalyst for their higher education opportunities. Its mission is centered around extending financial assistance, aiming to make higher education more accessible to a broader student population. The fund operates with a strong belief in the transformative power of education and strives to make this potential a reality for many students.


Official website here: www.rotarylinc.org

Who is the CEO of Lincoln County Rotary Student Loan Fund Inc?

See Attached List is the President of Lincoln County Rotary Student Loan Fund Inc.


Official website here: www.rotarylinc.org

What is the revenue of Lincoln County Rotary Student Loan Fund Inc?

Lincoln County Rotary Student Loan Fund Inc's revenue in 2023 was $106,870.


Official website here: www.rotarylinc.org

Who are the executives of Lincoln County Rotary Student Loan Fund Inc and what are their salaries?

There is 1 employee at Lincoln County Rotary Student Loan Fund Inc.


Here are 2 key members and their salaries:


Anna B Mullen (Director)
  • Compensation: $35,034
  • Related: $0
  • Other: $0
See Attached List (President)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.rotarylinc.org

Where can I find the form 990 for Lincoln County Rotary Student Loan Fund Inc?

Lincoln County Rotary Student Loan Fund Inc's most recent form 990 was submitted in 2023 and can be accessed here.


Official website here: www.rotarylinc.org

Learn more at the official website: www.rotarylinc.org

Mission Statement of Lincoln County Rotary Student Loan Fund Inc

The Lincoln County Rotary Student Loan Fund is committed to offering affordable loans to eligible students, aiming to support their higher education pursuits. This nonprofit organization's mission is centered around providing college loans, aiming to make higher education accessible for a broader range of students. By offering low-cost loans, the Lincoln County Rotary Student Loan Fund contributes to breaking down financial barriers, enabling students to seize their educational opportunities and build a solid foundation for their future.

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Impact




October, 2024

The Lincoln County Rotary Student Loan Fund Inc significantly impacts the community by facilitating access to higher education for eligible students. By offering low-cost loans, it alleviates some of the financial burdens that come with pursuing a college education. This support helps students who may otherwise be unable to afford their tuition and educational expenses, ensuring that they can attain their academic goals and improve their future career prospects. The availability of these loans fosters a more educated workforce and overall community development in Lincolnton, NC. Through its mission, the organization empowers individuals and strengthens the local economy by investing in the education of its youth.




This information is meant to be a general summary of Lincoln County Rotary Student Loan Fund Inc. 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
$106,870 (2023)
Expenses
$112,682 (2023)
Efficiency

Other financial information:

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

  • Investment Income: $4,038
  • Program Service Revenue: $75,890
  • Gross Receipts: $106,870

Assets and Liabilities:

  • Total Assets: $2,864,939
  • Total Liabilities: $503
  • Net Assets: $2,864,436

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

Interest on student loans

Revenue

$75,890

Organization Details

Founding Year

1994

Principal Officer

See Attached List

Main Address

PO Box 682, Lincolnton, NC, 28093

NTEE Category

Code: B820 - Education

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