The Massillon Educational Loan Foundation
The Massillon Educational Loan Foundation is a private foundation, based in MASSILLON, OH. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.3M in total assets. In 2024, it made $63K in qualifying distributions.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2.3M
+6.8% YoY
Revenue
$55K
+42.6% YoY
Qualifying Distributions
$63K
+25.1% YoY
Expenses
$95K
+377.8% YoY
Under IRS private-foundation payout rules, The Massillon Educational Loan Foundation reported a distributable amount of $78K for 2024 — the minimum it must pay out in qualifying distributions.
About The Massillon Educational Loan Foundation
Based on IRS filings
The Massillon Educational Loan Foundation is a private foundation, based in MASSILLON, OH. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.3M in total assets. In 2024, it made $63K in qualifying distributions.
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Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $2,285,957 | $2,140,684 | $2,081,535 |
| Revenue | $55,423 | $38,879 | $-8,067 |
| Expenses | $95,229 | $19,930 | $28,247 |
| Qualifying Distributions | $62,554 | $50,000 | $40,000 |
| Net Investment Income | — | $56,249 | $45,434 |
| Distributable Amount | $77,687 | $69,927 | $72,846 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 0 recipients in 2024
Grant Size Distribution
0 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for 2024.
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Elizabeth Hersher | President | 1 | — |
| Renee Parr | Co-Treasurer | 1 | — |
| Michelle Burch | Vice President | 1 | — |
| Amy Sabino | Secretary | 1 | — |
| Marcus Simpson | Co-Treasurer | 1 | — |
Frequently Asked Questions
How large is The Massillon Educational Loan Foundation?
As of 2024, The Massillon Educational Loan Foundation holds $2.3M in total assets with $55K in annual revenue.
How much is The Massillon Educational Loan Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Massillon Educational Loan Foundation reported a distributable amount of $78K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Massillon Educational Loan Foundation's EIN?
The Massillon Educational Loan Foundation's EIN (Employer Identification Number) is 34-1196801. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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