Educap Inc
501C3 Nonprofit Organization Information
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- Assets: $50 million +
- Income: $1 million +
- Form 990 Revenue: $1 million +
- Organization Name & Address
Educap Inc
45610 Woodland Rd Ste 440
Sterling, VA
20166-4221 - Contact Info Executive Officer Name and Phone Number
Available with membership or
data download - Activity & Mission Description
1. To Receive And Administer Funds For Religious, Scientific, Educational, And Charitable Purposes Within The Meaning Of Section 501(C)(3) Of The Internal Revenue Code Of 1986, As The Same May Be Amended From Time To Time ("The Code").2. To Carry On A Variety Of Programs Relating To, Among Other Things, The Lending Of Funds To Or For The Benefit Of Students, Faculty And Staff Of Educational Institutions And Others For Educational Purposes, Including Servicing And Administering Student Loan Portfolios.3. To Administer Programs Whereby Other Governmental Or Nongovernmental Entities Lend Funds To Or For The Benefit Of, Among Others, Students, Faculty And Staff Of Educational Institutions And Non-Profit Institutions, In Furtherance Of Religious, Scientific, Educational Or Charitable Purposes.4. To Do Any Other Act Or Thing Incidental To Or Connected With The Foregoing Purposes Or In Advancement Thereof.Exempt Purpose Achievements:A. Educap Inc. Has Provided Over $2,500,000,000 In Educational Loans To Over 350,000 Americans. These Funds Have Allowed These Individuals The Opportunity To Further Their Education And Meet The Rising Cost Of Obtaining A Higher Education.Today, Educap Inc. Administers Multiple Loan Programs And Services Approximately $111,000,000 In Educational Loans For Over 11,600 Students.In Order To Receive A Loan, The Student Must Be Accepted For Enrollment Full Time Or Part Time In An Accredited College, University Or Private Secondary School Approved By Educap Inc. For The Loan Program Under Which The Application Is Being Made.The Borrower Or Cosigner Must:Be Credit Worthy And Be A U.S. Citizen Or Permanent Resident Alien Or Have A Creditworthy Cosigner Who Is A U.S. Citizen Or Permanent Resident Alien.Be 18 Years Of Age Or Older At The Time Of Application (19 In Alabama And Nebraska, 21 In Mississippi And Puerto Rico).Have No Adverse Public Records (E.G., Collections, Tax Liens, Etc.) On Their Credit Reports.Have An Acceptable Bankruptcy Score Assigned By A Credit Reporting Agency.Have An Acceptable Credit Score (As Determined By Educap Inc.''s Credit Scoring Model) For The Loan Program Under Which The Application Is Being Made.Have Never Defaulted On A Student Loan.Submit Income Verification Documents.Maximum Loan Amounts Are Based On:School Costsincome And Debt To Income Ratio
- Employer Identification Number (EIN) / Tax ID Nine digit number assigned by the IRS to identify a company
52-1509402
- Form 990 - PDF files What is this? A form 990 is an information return filed with the IRS that shows extensive details on a nonprofit organization's income, assets,
expenses, executives, directors, salaries, compensation, investments, and more
form 990 instructionsAvailable with membership or
data download - Asset Amount
$50 million + View more asset details with membership or
data download - Income Amount
$1 million + View more income details with membership or
data download - Form 990 Revenue Amount
$1 million + View more revenue details with membership or
data download - Expenses
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data download - Liabilities
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data download - Investment Income
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data download - Total Securities Investments Investments in publicly traded securities
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data download - Executive Compensation Compensation of current officers, directors, etc
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data download - In Care Of Name The officer, director, etc. to whose attention any correspondence should be directed
n/r
- Classification(s) Categories under which an organization may be tax exempt
501(C)(3)
- Charitable Organization
- Filing Requirement The primary return(s) the organization is required to file
form 990 return form 990 instructionsForm 990 - (all other) or 990EZ return - Taxonomy Classifies an exempt Internal Revenue Code 501 (c)(3) organization
Financial Institutions, Services (Non-Government Related)
- Secondary Name Another name under which this nonprofit organization does business. Also used for trade names, chapter names, or local numbers for subordinate organizations of group rulings
CATHERINE B REYNOLDS FOUNDATION
- Affiliation Defines the organizational grouping
This organization is an independent organization or an independent auxiliary (i.e., not affiliated with a National, Regional, or Geographic grouping of organizations).
- Deductibility Status
Contributions are deductible
- Principal Activities
- Student loans
- Foundation Type
Normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes
- Tax Period The date of the latest return filed
09/2021
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