Jewish Educational Loan Fund Inc
- Assets
- $15.9m
- Revenue
- $3.0m
- Investments
- $0.0
- Employees
- 9
- Location
- Atlanta, GA
- Founding
- 11/1948
- Data as of
- 12/2022
- EIN
- 58-0568686
Organization Overview
Jewish Educational Loan Fund Inc is located in Atlanta, GA. The organization was established in 1948. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 12/2022, Jewish Educational Loan Fund Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Jewish Educational Loan Fund Inc 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 12/2022, Jewish Educational Loan Fund Inc generated $3.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.7% each year . All expenses for the organization totaled $2.1m during the year ending 12/2022. While expenses have increased by 14.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
JELF PARTNERS WITH JEWISH STUDENTS IN NEED IN A FIVE-STATE REGION TO PROVIDE LAST-DOLLAR, INTEREST FREE LOANS FOR HIGHER EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
JELF PARTNERS WITH JEWISH STUDENTS IN NEED IN A FIVE-STATE REGION TO PROVIDE LAST-DOLLAR, INTEREST FREE LOANS FOR HIGHER EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Philip Kahn Assistant Treasurer | OfficerTrustee | 1 | $0 |
Robert Rickles Board Chair | OfficerTrustee | 1 | $0 |
Andy Gross Board Member | Trustee | 1 | $0 |
Steve Kushner Board Member | Trustee | 1 | $0 |
Ross Linzer Board Member | Trustee | 1 | $0 |
Aaron Lipson Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,139,183 |
| Noncash contributions included in lines 1a–1f | $90,524 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,139,183 |
| Total Program Service Revenue | $610,000 |
| Investment income | $67,681 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $212,233 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,029,097 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $305,853 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $304,157 |
| Compensation of current officers, directors, key employees. | $30,416 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $360,476 |
| Pension plan accruals and contributions | $48,101 |
| Other employee benefits | $20,847 |
| Payroll taxes | $49,740 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $43,284 |
| Fees for services: Other | $34,550 |
| Advertising and promotion | $64,582 |
| Office expenses | $59,843 |
| Information technology | $52,259 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $6,776 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $610,000 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $19,684 |
| Insurance | $4,160 |
| All other expenses | $19,923 |
| Total functional expenses | $2,101,846 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,357,475 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $533,572 |
| Accounts receivable, net | $9,392,466 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $500 |
| Net Land, buildings, and equipment | $82,726 |
| Investments—publicly traded securities | $4,364,209 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $192,224 |
| Total assets | $15,923,172 |
| Accounts payable and accrued expenses | $63,088 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $612,487 |
| Other liabilities | $196,205 |
| Total liabilities | $871,780 |
| Net assets without donor restrictions | $14,085,677 |
| Net assets with donor restrictions | $965,715 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $15,923,172 |