Overview
What is Abeka Fund Inc?
Abeka Fund Inc, a nonprofit organization located in Pensacola, Florida, primarily focuses on providing student loans to college students. This financial assistance is designed in a way that the principal and interest are repaid once the students have graduated. Beyond its student loan program, the organization is committed to promoting various charitable, religious, educational, and literary activities, aligning with its Christian education mission.
Is Abeka Fund Inc legitimate?
Abeka Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Abeka 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
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What is the mission statement of Abeka Fund Inc?
Abeka Fund Inc, as per its mission statement, is dedicated to promoting Christian education and various charitable, religious, educational, and literary activities. The organization's primary goal is to contribute to these sectors, fostering growth and learning in a faith-based context. In addition to this, Abeka Fund Inc also provides student loans to college students, with the expectation that the principal and interest will be repaid upon graduation. This loan provision is a means to support higher education, enabling students to pursue their academic goals.
Who is the CEO of Abeka Fund Inc?
Dr Troy Shoemaker is the President of Abeka Fund Inc.
What is the revenue of Abeka Fund Inc?
Abeka Fund Inc's revenue in 2022 was $335,827.
Who are the executives of Abeka Fund Inc and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $191,102
- Other: $0
- Compensation: $0
- Related: $118,820
- Other: $0
- Compensation: $0
- Related: $107,572
- Other: $0
Where can I find the form 990 for Abeka Fund Inc?
Abeka Fund Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Abeka Fund Inc
Abeka Fund Inc is dedicated to promoting Christian education and various charitable, religious, educational, and literary activities. The organization's mission is multifaceted, encompassing a range of initiatives aimed at advancing these causes. By providing student loans to college students, Abeka Fund Inc plays a significant role in supporting the education of individuals who share its religious beliefs. Upon graduation, these students are expected to repay both the principal and interest of their loans, demonstrating their commitment to the organization's mission and their own financial responsibility. Abeka Fund Inc's mission to promote Christian education and charitable activities is a testament to its dedication to uplifting individuals and communities through education and faith.
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Impact
October, 2024
Abeka Fund Inc has a significant impact on the educational landscape by promoting Christian education and supporting students pursuing higher learning. By providing student loans to college students, it facilitates access to education for those who align with its mission. This financial assistance allows students to focus on their studies without the immediate burden of tuition costs, fostering an environment where they can thrive academically and spiritually.
Upon graduation, students are expected to repay the principal and interest of their loans, creating a sustainable model that not only supports individuals but also ensures that resources are available for future students. This approach helps cultivate a community of educated individuals who can contribute positively to society, embodying the values of charitable and religious activities as outlined in Abeka Fund Inc’s mission.
Located in Pensacola, Florida, the organization plays a crucial role in nurturing an educational framework underpinned by Christian principles, thereby enriching both the academic and moral development of its beneficiaries. Through its efforts, Abeka Fund Inc is helping to shape a generation that is equipped to engage thoughtfully and purposefully in various sectors of society.
This information is meant to be a general summary of Abeka 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 2022.
- Investment Income: $8,167
- Program Service Revenue: $228,855
- Gross Receipts: $335,827
Assets and Liabilities:
- Total Assets: $7,231,663
- Total Liabilities: $218
- Net Assets: $7,231,445
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INT ON STUDENT LOANS
Revenue
$212,767
OTHER EDUCATION/STUDENT
Revenue
$16,088
Organization Details
Founding Year
1986
Phone
(850) 478-8496Principal Officer
Dr Troy Shoemaker
Main Address
PO BOX 17100, PENSACOLA, FL, 32522
NTEE Category
Code: Z99 - Unknown
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