Smick Memorial Loan Fund
- Assets
- $175.0k
- Revenue
- $241.0
- Investments
- $0.0
- Employees
- 0
- Location
- Oberlin, KS
- Founding
- 08/1971
- Data as of
- 12/2023
- EIN
- 23-7121059
Organization Overview
Smick Memorial Loan Fund is located in Oberlin, KS. The organization was established in 1971. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Smick Memorial Loan Fund is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Smick Memorial Loan Fund generated $241.0 in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (22.7%) each year. All expenses for the organization totaled $297.0 during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FUND PROVIDES INTEREST FREE LOANS TO STUDENTS ATTENDING POST SECONDARY SCHOOLS. LOANS OF 10,000 WERE MADE TO STUDENTS IN 2023.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marlene Moxter Chairman | 0 | $0 | |
Robyn Rouse Director | 0 | $0 | |
Montine Alstrom Director | 0 | $0 | |
Ryan Unger Director | 0 | $0 | |
Jessica Bremer-Wasson Secretary/tr | 0 | $0 | |
Jennie Anderson Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $241 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $241 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $297 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $297 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $72,351 |
| Net Accounts receivable | $102,664 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $175,015 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Smick Memorial Loan Fund has awarded $14,250 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
NICHOLAS ASHLEY PURPOSE: STUDENT LOAN | $750 |
MORGAN JANSONIUS PURPOSE: STUDENT LOAN | $1,500 |
KARIAH CASTLE PURPOSE: STUDENT LOAN | $1,500 |
DEREK CHAMBERS PURPOSE: STUDENT LOAN | $1,500 |
MOLLY JANSONIUS PURPOSE: STUDENT LOAN | $1,500 |
ELIZABETH NEDLAND PURPOSE: STUDENT LOAN | $1,500 |