Overview
What is Jewish Educational Loan Fund Inc?
Jewish Educational Loan Fund Inc, based in Atlanta, Georgia, serves as a supportive partner to Jewish students in need, offering last-dollar, interest-free loans for higher education within a five-state region. This nonprofit organization, with a small team of nine individuals, plays a crucial role in helping students finance their education, acting as a safety net for those who may not be able to secure other forms of financial aid. By providing these loans, Jewish Educational Loan Fund Inc contributes to the future success of Jewish students and fosters educational opportunities in their communities.
Official website here: www.jelf.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100% (Four-Star out of Four Star Rating)
The Jewish Educational Loan Fund Inc has achieved an impressive Four-Star rating from Charity Navigator, indicating exceptional performance in both accountability and financial management. The organization boasts a perfect score in Accountability & Finance, reflecting robust governance practices, including a fully independent board and comprehensive financial oversight mechanisms. Its effective management of resources is further highlighted by a low liabilities-to-assets ratio and a high program expense ratio, demonstrating a commitment to utilizing funds effectively for its mission.
In addition to its strong financial standing, JELF has also received a perfect score in Leadership & Adaptability, showcasing its strategic planning and responsive leadership. The organization reported a notable 25% increase in fundraising over the past year, which illustrates its ability to adapt and grow in an evolving financial landscape. This growth not only strengthens its operational capacity but also enhances its potential to serve the community better.
While the organization overall displays remarkable strengths, the summary does not indicate any specific weaknesses or areas for improvement. With strong governance, financial health, and effective leadership in place, the Jewish Educational Loan Fund Inc is well-positioned to continue its impactful work in providing educational loans to those in need.
This AI summary has been generated from information found on Charity Navigator.
Is Jewish Educational Loan Fund Inc legitimate?
Jewish Educational Loan Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Jewish Educational 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: $326,863
Professional Fundraising Fees: $0
Other Salaries and Wages: $372,983
For more financial information, click here
Official website here: www.jelf.org
What is the mission statement of Jewish Educational Loan Fund Inc?
The Jewish Educational Loan Fund Inc, in its mission, partners with financially struggling Jewish students in a five-state region. Their primary objective is to provide last-dollar, interest-free loans to support these students in pursuing higher education. By doing so, the organization aims to contribute to their educational journey and help them achieve their academic goals. The Jewish Educational Loan Fund Inc serves as a vital resource, providing financial assistance that can determine whether a student can afford to attend college or not.
Official website here: www.jelf.org
Who is the CEO of Jewish Educational Loan Fund Inc?
Jenna Leopold Shulman is the CEO of Jewish Educational Loan Fund Inc The CEO's salary of Jewish Educational Loan Fund Inc is $185,592 and their total compensation is $206,271.
Official website here: www.jelf.org
What is the revenue of Jewish Educational Loan Fund Inc?
Jewish Educational Loan Fund Inc's revenue in 2023 was $2,762,675.
Official website here: www.jelf.org
Who are the executives of Jewish Educational Loan Fund Inc and what are their salaries?
The average compensation at Jewish Educational Loan Fund Inc during 2023 was $69,985. There are 10 employees and 100 volunteers at Jewish Educational Loan Fund Inc.
Here are 46 key members and their salaries (Jewish Educational Loan Fund Inc's CEO's salary is $185,592 and their total compensation is $206,271):
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Official website here: www.jelf.org
Where can I find the form 990 for Jewish Educational Loan Fund Inc?
Jewish Educational Loan Fund Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.jelf.org
Learn more at the official website: www.jelf.org
Mission Statement of Jewish Educational Loan Fund Inc
Jewish Educational Loan Fund Inc, in its mission, collaborates with Jewish students in need across a five-state region. The organization's primary goal is to provide last-dollar, interest-free loans for higher education. This mission aims to alleviate the financial burden of education for eligible Jewish students, ensuring they have the opportunity to pursue their academic dreams without the added stress of burdensome interest payments. By offering these loans, Jewish Educational Loan Fund Inc is making a significant contribution to the educational journey of Jewish students, enabling them to grow personally and professionally.
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Impact
July, 2024
Jewish Educational Loan Fund Inc, through its mission of partnering with Jewish students in need in a five-state region to provide last-dollar, interest-free loans for higher education, has a significant impact on enabling these students to pursue their academic goals. By offering financial support through its loan program, JELF contributes to increasing access to higher education for Jewish students who may not have the necessary resources otherwise. This support ultimately helps empower these students to achieve their academic aspirations and build a brighter future for themselves, their families, and their communities.
This information is meant to be a general summary of Jewish Educational 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $138,994
- Program Service Revenue: $730,000
- Gross Receipts: $3,672,208
Assets and Liabilities:
- Total Assets: $15,923,172
- Total Liabilities: $871,780
- Net Assets: $15,051,392
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
STUDENT LOAN IMPUTED INTEREST
Revenue
$730,000
Organization Details
Founding Year
1899
Principal Officer
Jenna Leopold Shulman
Website
www.jelf.orgNTEE Category
Code: B12 - Education
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