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Educational Funding Of The South Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 581757969 ✦ Franklin, TN ✦ Designated as a 501(c)(3)

Overview

What is Educational Funding Of The South Inc?

Educational Funding of the South Inc is a nonprofit organization located at 501 Corporate Centre Drive STE 320, Franklin, Tennessee, 37067. Their primary focus is the acquisition of student loans for students and parents under Title IV of the Higher Education Act of 1965. In addition to student loan services, they provide college and career counseling, financial literacy programs, and need-based scholarships. With a team of twelve employees, they aim to support individuals in furthering their education and improving their financial literacy.


Official website here: www.edsouth.org

Is Educational Funding Of The South Inc legitimate?

Educational Funding Of The South Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Educational Funding Of The South Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $1,927,100
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.edsouth.org

What is the mission statement of Educational Funding Of The South Inc?

Educational Funding Of The South Inc focuses on helping students and their families with various educational financing needs. They provide student loans, career counseling services, and financial literacy instruction. The organization's mission includes acquiring student loans under Title IV of the Higher Education Act of 1965 and offering need-based scholarships. Their financial literacy services aim to educate individuals on effective money management skills for their educational journeys.


Official website here: www.edsouth.org

Who is the CEO of Educational Funding Of The South Inc?

Ron Gambill is the President/Ceo of Educational Funding Of The South Inc. The CEO's salary of Educational Funding Of The South Inc is $781,505 and their total compensation is $796,979.


Official website here: www.edsouth.org

What is the revenue of Educational Funding Of The South Inc?

Educational Funding Of The South Inc's revenue in 2021 was $32,440,997.


Official website here: www.edsouth.org

Who are the executives of Educational Funding Of The South Inc and what are their salaries?

The average compensation at Educational Funding Of The South Inc during 2021 was $160,592. There are 12 employees at Educational Funding Of The South Inc.

Here are 7 key members and their salaries (Educational Funding Of The South Inc's CEO's salary is $781,505 and their total compensation is $796,979):

    Ron Gambill (President/Ceo) [Trustee/Director]
  • Compensation: $781,505
  • Related: $0
  • Other: $15,474

    • Ken Mann (Cfo)
  • Compensation: $183,720
  • Related: $0
  • Other: $11,554

    • Melissa Markis (Assistant Vp Loan Operations)
  • Compensation: $103,174
  • Related: $0
  • Other: $9,382

    • John Mays (Director)
  • Compensation: $26,000
  • Related: $0
  • Other: $0

    • Mike Ragsdale (Director)
  • Compensation: $26,000
  • Related: $0
  • Other: $0

    • Richard Smelser (Director)
  • Compensation: $25,000
  • Related: $0
  • Other: $0

    • Jeff Gerkin (Director)
  • Compensation: $25,000
  • Related: $0
  • Other: $0


  • Official website here: www.edsouth.org

    Where can I find the form 990 for Educational Funding Of The South Inc?

    The Educational Funding Of The South Inc’s most recent form 990 was submitted in 2021 and can be accessed here


    Official website here: www.edsouth.org

    Learn more at the official website: www.edsouth.org

    Mission Statement of Educational Funding Of The South Inc

    Educational Funding of the South Inc is a dedicated organization that focuses on assisting students and their families in acquiring student loans and providing essential counseling services. With a mission deeply rooted in the Higher Education Act of 1965, the organization offers financial aid to students pursuing their education.

    Beyond student loans, Educational Funding of the South Inc offers an array of valuable services designed to support students on their academic and professional journeys. These services include career counseling and financial literacy programs. By providing career guidance, the organization empowers students to make informed decisions about their future educational and vocational paths. Simultaneously, financial literacy services equip students and their families with the necessary skills and knowledge to effectively manage their student loans and personal finances.

    In summary, Educational Funding of the South Inc plays a vital role in facilitating access to higher education for students through the acquisition of student loans and the provision of essential counseling services, financial literacy, and need-based scholarships. Their mission is to help students and their families navigate the complex world of education financing and make informed decisions about their financial future.

    Impact

    This information is meant to be a general summary of Educational Funding Of The South Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Educational Funding Of The South Inc plays a crucial role in providing educational support and resources to students and parents. By acquiring student loans and offering college and career counseling services, as well as financial literacy programs and need-based scholarships, the organization actively contributes to improving access to higher education. Through its mission to enhance financial literacy and provide aid to those in need, Educational Funding Of The South Inc positively impacts individuals' educational and career pathways, ultimately helping to foster a more educated and skilled workforce.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2021.

  • Investment Income: $1,584,104
  • Program Service Revenue: $29,150,512
  • Gross Receipts: $32,440,997

    • Assets and Liabilities:
  • Total Assets: $0
  • Total Liabilities: $0
  • Net Assets: $0
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    STUDENT LOAN INTEREST INCOME

    Revenue

    $29,150,512

    Organization Details

    Founding Year

    1985

    Principal Officer

    Ron Gambill

    Main Address

    501 CORPORATE CENTRE DRIVE STE 320, FRANKLIN, TN, 37067

    NTEE Category

    Code: W600 - Public benefit

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