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← P E O EDUCATIONAL LOAN FUND

Form 990 for tax year 2023

Filed by P E O EDUCATIONAL LOAN FUND.

Totals

Total revenue
$5,775,594
Total expenses
$428,812
Contributions and grants received
$2,791,949
Grants paid
$0
Program service revenue
$687,122
Investment income
$2,296,523
Other revenue
$0
Total assets, end of year
$94,467,243
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$94,467,243
Program services expenses (Part IX)
$247,173
Management and general expenses
$179,380
Fundraising expenses
$2,259
Program service expenses (Part III)
$247,173

Program services were 57.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1d · Related organizations

    $220,019

  • 1f · All other contributions, gifts and grants

    $2,571,930

  • 1g · Noncash contributions included above

    $600

  • 2a · Program service revenue: Interest on loans

    total $687,122 · related or exempt $687,122

  • 3 · Investment income

    total $1,488,090 · excluded $1,488,090

  • 7a · Gross sales of assets other than inventory

    securities $8,338,381

  • 7b · Less cost or other basis and sales expenses

    securities $7,529,948

  • 7c · Gain or loss

    securities $808,433

  • 7d · Net gain or loss

    total $808,433 · excluded $808,433

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $154,934 · program services $142,065 · management and general $10,995 · fundraising $1,874

  • 8 · Pension plan contributions

    total $8,054 · program services $7,385 · management and general $572 · fundraising $97

  • 9 · Other employee benefits

    total $11,691 · program services $10,720 · management and general $830 · fundraising $141

  • 10 · Payroll taxes

    total $12,151 · program services $11,142 · management and general $862 · fundraising $147

  • 11b · Fees: legal

    total $144 · management and general $144

  • 11c · Fees: accounting

    total $2,000 · management and general $2,000

  • 11f · Fees: investment management

    total $52,824 · management and general $52,824

  • 13 · Office expenses

    total $158,083 · program services $52,694 · management and general $105,389

  • 16 · Occupancy

    total $5,426 · program services $1,809 · management and general $3,617

  • 17 · Travel

    total $3,220 · program services $1,073 · management and general $2,147

  • 24a · Other expenses: Bad Debt Expense

    total $20,285 · program services $20,285

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $5,938,982 · end of year $8,033,012

  • 2 · Savings and temporary cash investments

    beginning of year $5,535,435 · end of year $5,686,921

  • 7 · Other notes and loans receivable

    beginning of year $41,335,934 · end of year $40,873,196

  • 11 · Investments: publicly traded securities

    beginning of year $32,447,818 · end of year $35,902,233

  • 12 · Investments: other securities

    beginning of year $3,862,292 · end of year $3,971,881

  • 29 · Capital stock, trust principal or current funds

    beginning of year $86,940,859 · end of year $92,235,617

  • 31 · Retained earnings, endowment or other funds

    beginning of year $2,179,602 · end of year $2,231,626

Mission and programs · 2023

Mission

To provide financial assistance in the form of low interest loans to qualified women students who are pursuing higher education.

  • Loans totaling $8,284,100 were approved during the year for 586 women; 4,963 were outstanding at year end with an aggregate balance of $40,873,196. Maximum loan for any woman is $20,000. Principal payments during the year totalled $8,549,561.

    Expenses $247,173

As filed on the 2023 return.

Listed in Part VII

  • Pauline Nygaard

    Board of Trustees

    Total calculated
    $0
    Hours/week
    8

  • Stephanie Halton

    Board of Trustees

    Total calculated
    $0
    Hours/week
    15

  • Sue Miller

    Board of Trustees after 923

    Total calculated
    $0
    Hours/week
    6

  • Harpreet Sareen

    Board of Trustees

    Total calculated
    $0
    Hours/week
    8

  • Laurel Andrew

    Board of Trustees Chair afte

    Total calculated
    $0
    Hours/week
    16

  • Marti Ramsey

    Board of Trustees

    Total calculated
    $0
    Hours/week
    12

  • Nanci Rosensteel

    Board of Trustees Chair unti

    Total calculated
    $0
    Hours/week
    3

  • Dana Van Roekel

    Director of FinanceTreasurer

    Total calculated
    $0
    Hours/week
    2 + 38 related

  • Kathy Soppe

    Executive Director

    Total calculated
    $0
    Hours/week
    2 + 38 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • NA

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • NA

Provenance

Return type
form_990
Tax year
2023
Filed
12 November 2024
IRS schema version
2023v5.1
Source object
202423179349304857

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