2024-09-19T13:34:01-04:00 2024-06-30 341602442 H & J CERTIFIED PUBLIC ACCOUNTANTS INC 7555 FREDLE DR STE 110 CONCORD OH 44077 990 2023-07-01 226052901 CHARLES T KING STUDENT LOAN FUND CHAR 9733763600 P O BOX 45 SHORT HILLS NJ 07078 SOCK WANG CO-TREASURER 9734675192 2024-09-15 true true ROLLAND B STANDISH P00169705 4409512997 2024-08-30 2023 2024-08-08 14:25:15Z SOCK WANG 48725 false X CHARLESTKING.ORG X 1964 NJ TO PROVIDE LOANS TO MILLBURN TOWNSHIP NJ STUDENTS ATTENDING ACCREDITED COLLEGES, UNIVERSITIES AND TECHNICAL SCHOOLS. 15 15 0 15 0 8928 10218 0 13494 38507 0 22422 48725 0 0 0 0 0 4516 8411 4516 8411 17906 40314 1593100 1633414 0 1593100 1633414 X TO PROVIDE LOANS TO MILLBURN TOWNSHIP NJ STUDENTS ATTENDING ACCREDITED COLLEGES, UNIVERSITIES AND TECHNICAL SCHOOLS. false false 6711 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, 2024, THERE WERE 98 LOANS OUTSTANDING WITH AN AVERAGE BALANCE OF 7,200. 6711 true false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false true 0 0 0 false false false false false false false false false false false false false false X 15 15 false false false false false false false true true false false true true true true false true false false false NJ X SOCK WANG 9733763600 PO BOX 45 SHORT HILLS NJ 07078 X CORDELIA CHAN CO-TREASURER 1.00 X X 0 0 0 THOMAS CHASE DIRECTOR 1.00 X 0 0 0 TIFFANY FEHRENBACK DIRECTOR 1.00 X 0 0 0 SONALI GANTI DIRECTOR 1.00 X 0 0 0 JANE GOMEZ DIRECTOR 1.00 X 0 0 0 DAVID GREEN DIRECTOR 1.00 X 0 0 0 BRANDON HAASE DIRECTOR 1.00 X 0 0 0 ATUL KULKARNI DIRECTOR 1.00 X 0 0 0 LILY LEE CHAIR 1.00 X X 0 0 0 COURTNEY MICHELSON PANTIRER SECRETARY 1.00 X X 0 0 0 ROBIN POLLINA-FINKELSTEIN DIRECTOR 1.00 X 0 0 0 MARCY SCHWARTZ DIRECTOR 1.00 X 0 0 0 ROBIN SHAINBERG DIRECTOR 1.00 X 0 0 0 VARUTH SUWANKOSAI DIRECTOR 1.00 X 0 0 0 SOCK WANG CO-TREASURER 1.00 X X 0 0 0 false false false 10218 10218 38507 38507 48725 38507 1700 1700 399 399 811 811 BAD DEBT 4650 4650 WEBSITE 399 399 MISCELLANEOUS 391 391 FILING FEES 61 61 8411 6711 1700 0 118555 110556 383254 244310 705023 664828 386268 613720 1593100 1633414 0 0 X 1593100 1633414 1593100 1633414 1593100 1633414 40314 X false false false X 16315 10522 10750 8928 10218 56733 16315 10522 10750 8928 10218 56733 56733 26073 12768 12492 13494 38507 103334 160067 5244 0.35440 0.38230 X FORM 990, PAGE 2, PART III, LINE 4A 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, 2024, THERE WERE 98 LOANS OUTSTANDING WITH AN AVERAGE BALANCE OF 7,200. FORM 990, PAGE 6, PART VI, LINE 11B PRIOR TO FILING, THE FORM 990 IS REVIEWED BY THE ORGANIZATION'S OFFICER RESPONSIBLE FOR COORDINATING THE PREPARATION OF THE FORM WITH THE PAID PREPARER. AFTER REVIEW OF THE INTIAL DRAFT OF THE RETURN, THE OFFICER FORWARDS A COPY TO THE FULL BOARD PRIOR TO FILING. A BOARD OFFICER AUTHORIZES THE PAID PREPARER TO ELECTRONICALLY FILE THE 990. FORM 990, PAGE 6, PART VI, LINE 12C BOARD MEMBERS ANNUALLY REVIEW AND SIGN OFF AS HAVING OR NOT HAVING A CONFLICT OF INTEREST. FORM 990, PAGE 6, PART VI, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS AND FORM 990 ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. THE FORM 990 CAN ALSO BE FOUND ON SEVERAL PUBLICLY-ACCESSIBLE WEBSITES.