Overview
What is Education Loan Finance Inc?
Education Loan Finance Inc, based in Knoxville, Tennessee, operates as a charitable organization, offering funding for post-secondary student loans and various education programs. With a team of 35 employees, the organization extends its reach beyond just loans, also focusing on financial literacy and granting scholarships. This holistic approach aims to support students in their educational journeys and promote financial well-being.
Official website here: www.corp.elfi.com
Is Education Loan Finance Inc legitimate?
Education Loan Finance Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Education Loan Finance 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: $2,805,327
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,024,650
For more financial information, click here
Official website here: www.corp.elfi.com
What is the mission statement of Education Loan Finance Inc?
Education Loan Finance Inc is a charitable organization that focuses on providing funding for educational loans and programs. Through its initiatives, ELFI aims to contribute to the financial needs of students pursuing post-secondary education. In addition to loan funding, the organization provides resources for financial literacy to help individuals make informed decisions about their educational debt. Furthermore, ELFI offers grants for scholarships, offering financial relief to deserving students. By providing these essential services, ELFI plays a significant role in enabling access to education for those in need.
Official website here: www.corp.elfi.com
Who is the CEO of Education Loan Finance Inc?
John Arnold Jr is the President/Ceo of Education Loan Finance Inc. The CEO's salary of Education Loan Finance Inc is $1,162,661 and their total compensation is $2,132,882.
Official website here: www.corp.elfi.com
What is the revenue of Education Loan Finance Inc?
Education Loan Finance Inc's revenue in 2022 was $139,396,971.
Official website here: www.corp.elfi.com
Who are the executives of Education Loan Finance Inc and what are their salaries?
The average compensation at Education Loan Finance Inc during 2022 was $109,428. There are 35 employees at Education Loan Finance Inc.
Here are 20 key members and their salaries (Education Loan Finance Inc's CEO's salary is $1,162,661 and their total compensation is $2,132,882):
- John Arnold (President/Ceo) [Trustee/Director]
- Bill Thompson (Evp/Cfo) [Trustee/Director]
- Barbara Thomas (Chief Operations Officer)
- Michael O'Donnell (Executive Vice President)
- Jeff Gibbs (Chief Information Officer)
- Eric Stewart (Chief Accounting Officer)
- Wayne Hood (General Counsel)
- Joseph Littleton (Chief Info. Security Officer)
- Eva Todd (Chief Human Resources Officer)
- Brent Starling (Managing Director)
- Jason Bolin (Controller)
- David Burgett (Systems Engineer)
- Leroy Taylor (Systems Admin)
- Steven Fisher (Systems Admin)
- Robert Rosenbaum (Director)
- Christopher Simmons (Director)
- Leo Cooper (Director)
- Dwight Kessel (Director)
- Thomas Schumpert (Director)
- Stephen Clark (Director)
Official website here: www.corp.elfi.com
Where can I find the form 990 for Education Loan Finance Inc?
The Education Loan Finance Inc’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.corp.elfi.com
Learn more at the official website: www.corp.elfi.com
Mission Statement of Education Loan Finance Inc
Education Loan Finance Inc, or ELFI, is a charitable organization that plays a significant role in the educational sector. Its mission is multifaceted, encompassing the provision of funding for post-secondary student loans as well as educational programs. Financial literacy is another essential aspect of ELFI's mission, ensuring that students are well-equipped to manage their financial obligations. Additionally, ELFI grants scholarships to students in need.
ELFI's primary objective is to make higher education more accessible by offering funding solutions for both students and educational institutions. By providing student loans, ELFI enables individuals to pursue their educational goals without being hindered by financial constraints. This, in turn, leads to a more skilled and knowledgeable workforce, contributing positively to society.
Moreover, ELFI's commitment to financial literacy sets it apart from other organizations. Through its educational programs, ELFI equips students with the necessary skills and knowledge to effectively manage their finances. This empowers students not only during their academic journey but also throughout their lives. By instilling sound financial habits, ELFI aims to foster financial stability and independence among its beneficiaries.
Furthermore, ELFI's grants for scholarships provide financial assistance to deserving students who might otherwise be unable to afford higher education. These grants not only help to alleviate financial burdens but also open up opportunities for students to reach their full potential. By investing in the education of its students, ELFI is making a long-term investment in their future and that of their communities.
Impact
This information is meant to be a general summary of Education Loan Finance Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Education Loan Finance Inc's impact is significant in the education sector as it provides funding for educational loans, education programs, financial literacy initiatives, and grants for scholarships. By offering liquidity for post-secondary student loans, ELFI, Inc. plays a crucial role in enabling individuals to pursue higher education without financial barriers. This support contributes to the development of a more educated and skilled workforce, ultimately fostering economic growth and social mobility. Additionally, the organization's focus on financial literacy and scholarship grants further enhances access to education and educational opportunities for individuals in need.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INTEREST & FEES ON STUDENT LOANS
Revenue
$103,519,052
Organization Details
Founding Year
1994
Phone
(865) 824-3051
Principal Officer
John Arnold Jr
Main Address
12700 KINGSTON PIKE, KNOXVILLE, TN, 37934
Website
www.corp.elfi.com
NTEE Category
Code: B82 - Education
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