Overview
What is Educational Funding Of The South Inc?
Educational Funding of the South Inc is a nonprofit organization located at 501 Corporate Centre Drive STE 320, Franklin, Tennessee, 37067. Their primary focus is the acquisition of student loans for students and parents under Title IV of the Higher Education Act of 1965. In addition to student loan services, they provide college and career counseling, financial literacy programs, and need-based scholarships. With a team of twelve employees, they aim to support individuals in furthering their education and improving their financial literacy.
Official website here: www.edsouth.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 81% (Three-Star out of Four Star rating)
Educational Funding Of The South Inc has received a solid three-star rating from Charity Navigator, indicating a generally favorable evaluation of its accountability and financial practices. With an overall score of 81%, the organization demonstrates a commitment to transparency and effective governance, as evidenced by its high marks for independent board members and a comprehensive conflict of interest policy.
The charity excels in financial management, showcasing a strong program expense ratio of 92.66%, which suggests that a significant portion of its resources is directed towards its mission. Additionally, it has established robust audit practices, with full points earned for financial statement audits and no indications of material diversion of assets. These factors contribute to a positive perception of the organization's fiscal responsibility.
However, the charity does have room for improvement, particularly regarding its liabilities to assets ratio, where it scored 0 out of 15 points. This may indicate a need for greater financial stability or management of debts. Overall, while Educational Funding Of The South Inc shows strong strengths in various governance and operational areas, addressing its financial liabilities could further enhance its sustainability and effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Educational Funding Of The South Inc legitimate?
Educational Funding Of The South Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Educational Funding Of The South 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: $1,927,100
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.edsouth.org
What is the mission statement of Educational Funding Of The South Inc?
Educational Funding Of The South Inc focuses on helping students and their families with various educational financing needs. They provide student loans, career counseling services, and financial literacy instruction. The organization's mission includes acquiring student loans under Title IV of the Higher Education Act of 1965 and offering need-based scholarships. Their financial literacy services aim to educate individuals on effective money management skills for their educational journeys.
Official website here: www.edsouth.org
Who is the CEO of Educational Funding Of The South Inc?
Ron Gambill is the President/Ceo of Educational Funding Of The South Inc. The CEO's salary of Educational Funding Of The South Inc is $781,505 and their total compensation is $796,979.
Official website here: www.edsouth.org
What is the revenue of Educational Funding Of The South Inc?
Educational Funding Of The South Inc's revenue in 2021 was $32,440,997.
Official website here: www.edsouth.org
Who are the executives of Educational Funding Of The South Inc and what are their salaries?
The average compensation at Educational Funding Of The South Inc during 2021 was $160,592. There are 12 employees at Educational Funding Of The South Inc.
Here are 7 key members and their salaries (Educational Funding Of The South Inc's CEO's salary is $781,505 and their total compensation is $796,979):
- Compensation: $781,505
- Related: $0
- Other: $15,474
- Compensation: $183,720
- Related: $0
- Other: $11,554
- Compensation: $103,174
- Related: $0
- Other: $9,382
- Compensation: $26,000
- Related: $0
- Other: $0
- Compensation: $26,000
- Related: $0
- Other: $0
- Compensation: $25,000
- Related: $0
- Other: $0
- Compensation: $25,000
- Related: $0
- Other: $0
Official website here: www.edsouth.org
Where can I find the form 990 for Educational Funding Of The South Inc?
Educational Funding Of The South Inc's most recent form 990 was submitted in 2021 and can be accessed here.
Official website here: www.edsouth.org
Learn more at the official website: www.edsouth.org
Mission Statement of Educational Funding Of The South Inc
Educational Funding of the South Inc is a dedicated organization that focuses on assisting students and their families in acquiring student loans and providing essential counseling services. With a mission deeply rooted in the Higher Education Act of 1965, the organization offers financial aid to students pursuing their education.
Beyond student loans, Educational Funding of the South Inc offers an array of valuable services designed to support students on their academic and professional journeys. These services include career counseling and financial literacy programs. By providing career guidance, the organization empowers students to make informed decisions about their future educational and vocational paths. Simultaneously, financial literacy services equip students and their families with the necessary skills and knowledge to effectively manage their student loans and personal finances.
In summary, Educational Funding of the South Inc plays a vital role in facilitating access to higher education for students through the acquisition of student loans and the provision of essential counseling services, financial literacy, and need-based scholarships. Their mission is to help students and their families navigate the complex world of education financing and make informed decisions about their financial future.
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Impact
October, 2024
Educational Funding Of The South Inc plays a significant role in enhancing educational opportunities for students and families in the region. By facilitating the acquisition of student loans, the organization helps alleviate the financial burdens associated with higher education, allowing more individuals to pursue their academic goals.
In addition to financial assistance, the organization offers college and career counseling services, which guide students in making informed decisions about their education and career paths. This support is vital in navigating the complexities of higher education and helps students align their goals with viable career options.
Furthermore, their financial literacy services empower students and families with the knowledge and skills necessary to manage personal finances effectively. Understanding financial management is crucial, especially when taking on student loans, and these services promote long-term financial well-being.
The provision of need-based scholarships further amplifies their impact, enabling access for students who may otherwise be unable to afford college. This commitment to equitable access helps to ensure that financial constraints do not hinder educational aspirations, fostering a more inclusive environment for all students in the southern region. Through these multifaceted services, Educational Funding Of The South Inc significantly contributes to the educational landscape, paving the way for a brighter future for individuals and the community as a whole.
This information is meant to be a general summary of Educational Funding Of The South 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 2021.
- Investment Income: $1,584,104
- Program Service Revenue: $29,150,512
- Gross Receipts: $32,440,997
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $0
- Net Assets: $0
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
STUDENT LOAN INTEREST INCOME
Revenue
$29,150,512
Organization Details
Founding Year
1985
Phone
(615) 771-8505Principal Officer
Ron Gambill
Main Address
501 CORPORATE CENTRE DRIVE STE 320, FRANKLIN, TN, 37067
Website
www.edsouth.orgNTEE Category
Code: W600 - Public benefit
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