Overview
What is Coos Bay Student Loan Fund?
The Coos Bay Student Loan Fund is a nonprofit organization situated in Coos Bay, Oregon. Its primary mission is to offer low-interest education loans to high school graduates. In 2022, around 20 students benefited from these loans, with their outstanding balances being managed by the fund. The Coos Bay Student Loan Fund plays a significant role in supporting young individuals pursuing higher education by providing them with affordable financing options.
Official website here: www.coosbaystudentloan.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83% (Three-Star out of Four Stars)
The Coos Bay Student Loan Fund has received an 83% rating from Charity Navigator, indicating a solid level of accountability and financial health. This score is derived entirely from its Accountability & Finance metrics, which demonstrates the organization's commitment to transparent management practices. The fund has achieved a perfect score in several key areas, including having an entirely independent board and no material diversion of assets.
Strengths include a high program expense ratio of 84.40%, suggesting that a significant portion of its resources is directed toward its mission. The organization also maintains comprehensive documentation, such as board meeting minutes and conflict of interest policies, contributing to its strong governance profile. These attributes reflect a solid foundation for financial integrity and operational effectiveness.
However, the Coos Bay Student Loan Fund does have some limitations, notably the absence of a whistleblower policy and a document retention and destruction policy, which both received zero points. These gaps could impact the organization's overall governance standards and may raise concerns about internal processes. Overall, while the organization demonstrates strong financial accountability, addressing these policy shortcomings could further enhance its trustworthiness.
This AI summary has been generated from information found on Charity Navigator.
Is Coos Bay Student Loan Fund legitimate?
Coos Bay Student Loan Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Coos Bay Student Loan Fund 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.
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Official website here: www.coosbaystudentloan.org
What is the mission statement of Coos Bay Student Loan Fund?
The Coos Bay Student Loan Fund's mission is centered around providing affordable education loans to high school graduates. By offering low-interest loans, the fund aims to make higher education more accessible. As of 2022, approximately 20 students had outstanding loans from the fund. The organization's purpose is to support the educational aspirations of young individuals, thereby contributing to their personal growth and future prospects.
Official website here: www.coosbaystudentloan.org
Who is the CEO of Coos Bay Student Loan Fund?
Sue Walberg is the President of Coos Bay Student Loan Fund.
Official website here: www.coosbaystudentloan.org
What is the revenue of Coos Bay Student Loan Fund?
Coos Bay Student Loan Fund's revenue in 2022 was $9,452.
Official website here: www.coosbaystudentloan.org
Who are the executives of Coos Bay Student Loan Fund and what are their salaries?
Here are 10 key members and their salaries:
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Official website here: www.coosbaystudentloan.org
Where can I find the form 990 for Coos Bay Student Loan Fund?
Coos Bay Student Loan Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.coosbaystudentloan.org
Learn more at the official website: www.coosbaystudentloan.org
Mission Statement of Coos Bay Student Loan Fund
Coos Bay Student Loan Fund is a nonprofit organization with a mission to provide low-interest loans for higher education to high school graduates. Their primary goal is to help students pursue their academic goals by offering affordable loan options. In 2022, approximately 20 students benefited from these loans, indicating the fund's active role in supporting education. The fund's mission is instrumental in making higher education more accessible to a significant number of students, thereby contributing to their personal and professional growth.
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Impact
August, 2024
The Coos Bay Student Loan Fund provides low-interest loans for higher education to high school graduates. In 2022, this organization had approximately 20 students with outstanding loans. By offering financial support to students seeking higher education, the fund helps individuals pursue their academic goals and invest in their future.
This information is meant to be a general summary of Coos Bay Student Loan Fund. 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: $295
- Program Service Revenue: $9,157
- Gross Receipts: $9,452
Assets and Liabilities:
- Total Assets: $619,030
- Total Liabilities: $0
- Net Assets: $619,030
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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
$9,157
Organization Details
Founding Year
1950
Phone
(541) 888-4190Principal Officer
Sue Walberg
Main Address
PO Box 714, Coos Bay, OR, 97420
Website
www.coosbaystudentloan.orgNTEE Category
Code: B82 - Education
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