Jenkins Student Loan Fund
- Assets
- $803.0k
- Revenue
- $34.9k
- Investments
- $782.5k
- Employees
- 0
- Location
- Milwaukee, WI
- Founding
- 07/1961
- Data as of
- 06/2023
- EIN
- 93-6020672
Organization Overview
Jenkins Student Loan Fund is located in Milwaukee, WI. The organization was established in 1961. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Jenkins Student 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 06/2023, Jenkins Student Loan Fund generated $34.9k 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 (8.4%) each year. All expenses for the organization totaled $60.6k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (3.4%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Jenkins Student Loan Fund has awarded 39 individual grants totaling $248,314. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $20,738 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $14,155 |
| Capital Gain Net Income | $14,155 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $25 |
| Total Revenue | $34,918 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $14,289 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $952 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $174 |
| Total operating and administrative expenses | $16,915 |
| Contributions, gifts, grants paid | $43,680 |
| Total expenses and disbursements | $60,595 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $20,508 |
| Net Accounts receivable | $0 |
| 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 | $782,481 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $802,989 |
| 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, Jenkins Student Loan Fund has awarded $25,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF OREGON PURPOSE: SCHOLARSHIPS | $12,000 |
HOWARD UNIVERSITY PURPOSE: SCHOLARSHIPS | $4,000 |
BROOKLYN COLLEGE PURPOSE: SCHOLARSHIPS | $4,500 |
GRAMBLING STATE UNIVERSITY PURPOSE: SCHOLARSHIPS | $4,500 |