Overview
What is Lauer And Hazel Hieronymus Student Loan Trust?
Lauer and Hazel Hieronymus Student Loan Trust is a nonprofit entity with an emphasis on school loans for students within a specific county. Although the information provided is limited, it suggests that their mission involves supporting students in managing their educational debt. The trust may provide resources, guidance, or financial aid to help students manage their student loans. However, without more detailed information, it's challenging to specify the exact nature of their activities or services.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 40% (Zero-Star out of Four Star rating)
The Lauer And Hazel Hieronymus Student Loan Trust has received a low rating of 40%, indicating significant concerns regarding its financial accountability and transparency. While the organization benefits from a fully independent board and has no reported material diversion of assets, it lacks critical policies such as a whistleblower policy and document retention procedures, which are essential for organizational governance and protection.
Strengths include a fully independent board with five members and the presence of a conflict of interest policy, both of which contribute positively to governance. However, the organization struggles with financial efficiency, as evidenced by a program expense ratio of only 24.83%, suggesting a significant portion of its resources may not be directed towards its primary mission. Additionally, the liabilities to assets ratio stands at 0.00%, which raises questions about the financial sustainability of the organization.
Overall, while there are some governance strengths, the limitations in financial management and missing policies highlight areas for improvement. Stakeholders may want to consider these factors when evaluating the organization’s effectiveness and trustworthiness.
This AI summary has been generated from information found on Charity Navigator.
Is Lauer And Hazel Hieronymus Student Loan Trust legitimate?
Lauer And Hazel Hieronymus Student Loan Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lauer And Hazel Hieronymus Student Loan Trust 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: $19,600
For more financial information, click here
What is the mission statement of Lauer And Hazel Hieronymus Student Loan Trust?
The Lauer and Hazel Hieronymus Student Loan Trust focuses its activities primarily on school loans for county students. While the provided information does not explicitly state a mission statement, one could infer that its mission is to support students in managing and repaying their education loans, thereby enabling them to pursue their academic goals. The Trust may also aim to promote financial literacy and responsible borrowing practices among students and their families. However, without further information, this is a speculative interpretation.
Who is the CEO of Lauer And Hazel Hieronymus Student Loan Trust?
Marvin Wilkinson is the Pres of Lauer And Hazel Hieronymus Student Loan Trust.
What is the revenue of Lauer And Hazel Hieronymus Student Loan Trust?
Lauer And Hazel Hieronymus Student Loan Trust's revenue in 2022 was $75,623.
Who are the executives of Lauer And Hazel Hieronymus Student Loan Trust and what are their salaries?
The average compensation at Lauer And Hazel Hieronymus Student Loan Trust during 2022 was $9,800. There are 2 employees at Lauer And Hazel Hieronymus Student Loan Trust.
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Lauer And Hazel Hieronymus Student Loan Trust?
Lauer And Hazel Hieronymus Student Loan Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Lauer And Hazel Hieronymus Student Loan Trust
Lauer and Hazel Hieronymus Student Loan Trust is dedicated to providing school loans for county students. Their mission is centered around this primary activity, aiming to assist students in their educational pursuits by offering loans as a financial aid resource. While the provided information is limited, it suggests that this nonprofit organization plays a crucial role in facilitating access to education for students within their county through student loans.
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Impact
October, 2024
Lauer and Hazel Hieronymus Student Loan Trust provides vital financial support for students in Buffalo, Oklahoma, by facilitating school loans specifically targeted at county residents. Its contributions significantly impact the local community by enhancing educational access and opportunities. By offering loans, the trust enables students to pursue higher education, reducing financial barriers that might otherwise prevent them from succeeding academically. This support encourages educational attainment, which can lead to improved career prospects and overall community development. Ultimately, the trust plays a key role in fostering a culture of learning and empowerment within the region.
This information is meant to be a general summary of Lauer And Hazel Hieronymus Student Loan Trust. 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: $40,165
- Program Service Revenue: $14,988
- Gross Receipts: $112,474
Assets and Liabilities:
- Total Assets: $2,466,906
- Total Liabilities: $0
- Net Assets: $2,466,906
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
student loan interest
Revenue
$14,988
Organization Details
Founding Year
2001
Principal Officer
Marvin Wilkinson
Main Address
PO BOX 357, BUFFALO, OK, 73834
NTEE Category
Code: B82 - Education
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