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Lancaster Dollars for Higher Learning

Lancaster Dollars for Higher Learning

Lancaster, PA
Tax ID23-6414300

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Amount

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About this organization

Revenue

$1,005,843

Expenses

$392,671

Website

lancdollars.org

Mission

The mission of the organization is to help full-time college students achieve their goals by providing interest-free tuition loans.

About

Loans for college students - funds are loaned interest-free to students who are expected to repay loans after graduation. There were 600 new loans extended during the year ended September 30, 2018. The total number of outstanding loans were 1,456 at September 20, 2018.

Interesting data from their 2020 990 filing

The filing outlines the non-profit's goal as “The mission of the organization is to help full-time college students achieve their goals by providing interest-free tuition loans.”.

When explaining its purpose, the activities were outlined as: “The mission of the organization is to help full-time college students achieve their goals by providing interest-free tuition loans.”.

  • As per legal reporting requirements, the state of operation for the non-profit is PA.
  • The non-profit's address for 2020 is listed as 313 W LIBERTY ST 343, LANCASTER, PA, 17603 in the filing.
  • As per the non-profit's form, they have 3 employees as of 2020.
  • Does not operate a hospital.
  • Does not operate a school.
  • Does not collect art.
  • Does not provide credit counseling.
  • Does not have foreign activities.
  • Is not a donor advised fund.
  • Is not a private foundation.
  • Expenses are between $250,000 and $500,000.
  • Revenue is between $250,000 and $500,000.
  • Revenue less expenses is -$41,463.
  • The CEO compensation package within the organization is determined through a review and endorsement by a neutral party.
  • The organization has 11 independent voting members.
  • The organization was formed in 1961.
  • The organization is required to file Schedule O.
  • The organization's financial statements were compiled or reviewed by an accountant.
  • The organization pays $90,931 in salary, compensation, and benefits to its employees.
  • The organization pays $24,485 in fundraising expenses.
  • The organization has minutes of its meetings.

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