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EIN 62-1586836

Educational Loan Finance

IRS 501(c) type
501(c)(3)
Num. employees
33
City
Knoxville
State
Tennessee
Year formed
1994
Most recent tax filings
2023-12-01
NTEE code, primary
B82: Scholarships, Student Financial Aid Services
Description
Educational Loan Finance provides educational loan funding, education program funding, financial literacy resources, and grants for scholarships. eCampusTours' services support pre-college and college students on their educational journeys with virtual campus visits and free resources. The grant/scholarship program offers scholarships to qualified students who meet academic, financial need, and community involvement criteria.
Also known as...
Educational Services of America; Edsouth Services
Total revenues
$155,521,982
2023
Total expenses
$119,011,760
2023
Total assets
$2,155,671,295
2023
Num. employees
33
2023

Program areas at Educational Loan Finance

Elfi, Inc. Provides funding for post-secondary student loans.
The grant/scholarship program provides scholarships to students who demonstrate, through an application process, academic achievement, financial need, and involvement in community services.

Grants made by Educational Loan Finance

GranteeGrant descriptionAmount
The University of Tennessee FoundationScholarships$152,000
Shangri-La Therapeutic Academy of Klimas PetrCommunity Support$100,000

Personnel at Educational Loan Finance

NameTitleCompensation
John ArnoldPresident and Chief Executive Officer$1,322,153
Barbara ThomasChief Operations Officer / Executive Vice President$371,700
Bill ThompsonChief Financial Officer$466,638
Jeff GibbsChief Information Officer$58,865
Eva ToddChief Human Resources Officer / Chro$36,012
...and 4 more key personnel

Financials for Educational Loan Finance

RevenuesFYE 12/2023
Total grants, contributions, etc.$4,501,937
Program services$113,968,857
Investment income and dividends$24,497,577
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$12,553,611
Total revenues$155,521,982

Form 990s for Educational Loan Finance

Fiscal year endingDate received by IRSFormPDF link
2023-122024-11-08990View PDF
2022-122023-11-06990View PDF
2021-122022-11-08990View PDF
2020-122021-10-29990View PDF
2019-122022-01-12990View PDF
...and 10 more Form 990s
Data update history
January 23, 2024
Posted financials
Added Form 990 for fiscal year 2022
January 2, 2024
Used new vendors
Identified 1 new vendor, including
July 31, 2023
Posted financials
Added Form 990 for fiscal year 2021
February 4, 2023
Posted financials
Added Form 990 for fiscal year 2019
August 16, 2022
Posted financials
Added Form 990 for fiscal year 2020
Nonprofit Types
SchoolsCharities
Issues
Education
Characteristics
Receives government fundingTax deductible donationsAccepts online donations
General information
Address
12700 Kingston Pike
Knoxville, TN 37934
Metro area
Knoxville, TN
County
Knox County, TN
Website URL
corp.elfi.com/ 
Phone
(865) 824-3051
IRS details
EIN
62-1586836
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1994
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
B82: Scholarships, Student Financial Aid Services
NAICS code, primary
522120: Savings Institutions
Parent/child status
Independent
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