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 2025. As of 2025, the organization holds $2.5M in total assets. In 2025, it made $42K in qualifying distributions. Net investment income was $38K.
Key facts about The Massillon Educational Loan Foundation
- EIN
- 34-1196801
- Latest 990 filing
- Form 990-PF, 2025
- Total assets
- $2,472,210
Data from IRS Form 990-PF, 2025; updated September 2026.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$2.5M
+8.1% YoY
Revenue
$85K
+52.9% YoY
Qualifying Distributions
$42K
-33.1% YoY
Expenses
$42K
-56.1% YoY
Under IRS private-foundation payout rules, The Massillon Educational Loan Foundation reported a distributable amount of $87K for 2025 — the minimum it must pay out in qualifying distributions.
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Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $2,472,210 | $2,285,957 | $2,140,684 |
| Revenue | $84,745 | $55,423 | $38,879 |
| Expenses | $41,844 | $95,229 | $19,930 |
| Qualifying Distributions | $41,844 | $62,554 | $50,000 |
| Net Investment Income | $38,393 | — | $56,249 |
| Distributable Amount | $87,396 | $77,687 | $69,927 |
Data update history
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2025 (received by the IRS June 29, 2026)
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Officers and directors from IRS filings
The Massillon Educational Loan Foundation is led by Elizabeth Hersher, President on every filing since 2020; none of the 5 officers listed in 2025 report compensation.
Officers on the 2025 filing
Elizabeth Hersher
President
On filings since 2020
1 hr/week
No compensation reported
Amy Andrews Sabino
Secretary
Trustee → Sectetary, 2021
Sectetary → Secretary, 2022
On filings since 2020
1 hr/week
No compensation reported
Marcus Simpson
Co-Treasurer
Trustee → Co-Treasurer, 2024
On filings since 2020
1 hr/week
No compensation reported
Michelle Burch
Vice President
Trustee → Vice President, 2022
On filings since 2020
1 hr/week
No compensation reported
Renee Parr
Co-Treasurer
Trustee → Co-Treasurer, 2024
On filings since 2020
1 hr/week
No compensation reported
Former officers (17)
- Former: Barbara Tscholl (2020–2023) — Trustee
- Former: Chrisann Gross (2020–2023) — Trustee
- Former: Glen Weirich (2020–2023) — Trustee
- Former: Kristi Muzi (2020–2023) — Trustee
- Former: Rebecca Craig (2021–2023) — Trustee
- Former: Suzanne Halm (2021–2023) — Trustee
- Former: Mary Jane Fahrney (2022–2023) — Trustee
- Former: Michelle Del Rio-Keller (2022–2023) — Trustee
- Former: Nadine Christie (2022–2023) — Trustee
- Former: Sarah Peterson (2022–2023) — Trustee
- Former: Gary Dietz (2023) — Treasurer
- Former: Beth Winkhart (2020–2021) — Treasurer
- Former: Kathy Schaffner (2020–2021) — Trustee
- Former: Mary Jane Farhney (2020–2021) — Trustee
- Former: Michelle Del Rio Keller (2020–2021) — Trustee
- Former: Robert C. Garver (2020) — Vice President
- Former: Sue Rohr (2020) — Secretary
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about The Massillon Educational Loan Foundation
How large is The Massillon Educational Loan Foundation?
The Massillon Educational Loan Foundation reported $2.5M in total assets on its 2025 IRS Form 990-PF. It paid out $42K in qualifying distributions that year, against a required minimum of $87K (roughly 5% of its investment assets).
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 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Here's the math on researching The Massillon Educational Loan Foundation by hand.
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