Organizations Filed Purposes:
TO PROVIDE LOANS TO MILLBURN TOWNSHIP NJ STUDENTS ATTENDING ACCREDITED COLLEGES, UNIVERSITIES AND TECHNICAL SCHOOLS.
THE STUDENT LOAN FUND WAS ESTABLISHED OVER EIGHTY YEARS AGO TO HELP MILLBURN TOWNSHIP STUDENTS FURTHER THEIR EDUCATIONAL GOALS. RENAMED IN 1974 TO HONOR DR. CHARLES T. KING, WHO RETIRED AS SUPERINTENDENT OF SCHOOLS AFTER 27 YEARS OF SERVICE IN THE SYSTEM, THE FUND IS SPONSORED BY THE MILLBURN TOWNSHIP CONFERENCE OF PARENTS AND TEACHERS. DUE TO THE TREMENDOUS INCREASE IN COLLEGE TUITION, THE FUND PLAYS AN IMPORTANT ROLE IN HELPING TO FINANCE STUDENTS' POSTSECONDARY SCHOOL EDUCATIONS. THE LOANS ARE NEED-BASED AND CURRENTLY INTEREST-FREE. MORE THAN 700 STUDENTS HAVE RECEIVED THEM TO DATE. THE FUND IS MAINTAINED BY PERSONAL AND BUSINESS CONTRIBUTIONS FROM WITHIN THE COMMUNITY. THROUGH THE GENEROSITY OF OUR RESIDENTS AND BUSINESSES, OVER 2.5 MILLION IN LOANS HAVE BEEN MADE TO STUDENTS THROUGHOUT THE YEARS. THE LOANS ARE DUE UPON GRADUATION AND BY "PAYING IT FORWARD" THE FUND IS CONTINUALLY REPLENISHED BY PAST RECIPIENTS TO SUPPORT STUDENTS IN THE FUTURE. LOANS ARE RENEWABLE FOR FOUR YEARS OF FULL TIME STUDIES AND REPAYABLE UPON COMPLETION OF ALL STUDIES. AS OF JUNE 30, 2020, THERE WERE 101 LOANS OUTSTANDING WITH AN AVERAGE BALANCE OF 6,600.
Executives Listed on Filing
Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing
| Name | Title | Hours Per Week | Total Salary |
|---|
| Sock Wang | DIRECTOR | 0 | $0 |
| Varuth Suwankosai | DIRECTOR | 0 | $0 |
| Robin Shainberg | SECRETARY | 0 | $0 |
| Marcy Schwartz | DIRECTOR | 0 | $0 |
| Robin Pollina-Finkelstein | DIRECTOR | 0 | $0 |
| Lily Lee | CHAIR | 0 | $0 |
| Brandon Haase | DIRECTOR | 0 | $0 |
| David Green | DIRECTOR | 0 | $0 |
| Jane Gomez | CHAIR | 0 | $0 |
| Conor Gilsenan | DIRECTOR | 0 | $0 |
| Tiffany Fehrenback | DIRECTOR | 0 | $0 |
| Cordelia Chan | CO-TREASURER | 0 | $0 |
| Lauren Aaron | CO-TREASURER | 0 | $0 |
Data for this page was sourced from XML published by IRS (
public 990 form dataset) from:
https://s3.amazonaws.com/irs-form-990/202043439349301109_public.xml