Nonprofit · EIN 22-6052901
CHARLES T KING STUDENT LOAN FUND
Tax-exempt · SHORT HILLS, NJ 07078
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 (amended) | $43,640 | $4,272 | $39,368 | $1,672,782 | $0 | $1,672,782 |
| June 30, 2024 | 990 | $48,725 | $8,411 | $40,314 | $1,633,414 | $0 | $1,633,414 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $10,495
- Program service revenue
- $0
- Investment income
- $33,145
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $1,700
- Program services (functional)
- $2,572
- Management and general (functional)
- $1,700
Balance sheet and other
- Total assets, start of year
- $1,633,414
- Total assets, end of year
- $1,672,782
- Total liabilities, end of year
- $0
- Net assets, end of year
- $1,672,782
- Publicly traded securities
- $631,872
- Gross receipts
- $43,640
- Employees
- 0
- Volunteers
- 15
- Year formed
- 1964
- State of legal domicile
- NJ
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LILY LEE | CHAIR Trustee or director, Officer | 1 | $0 |
| ANDREA SPAAR | SECRETARY Trustee or director, Officer | 1 | $0 |
| CORDELIA CHAN | CO-TREASURER Trustee or director, Officer | 1 | $0 |
| SOCK WANG | CO-TREASURER Trustee or director, Officer | 1 | $0 |
| THOMAS CHASE | DIRECTOR Trustee or director | 1 | $0 |
| TIFFANY FEHRENBACK | DIRECTOR Trustee or director | 1 | $0 |
| SONALI GANTI | DIRECTOR Trustee or director | 1 | $0 |
| DAVID GREEN | DIRECTOR Trustee or director | 1 | $0 |
| JANE GOMEZ | DIRECTOR Trustee or director | 1 | $0 |
| BRANDON HAASE | DIRECTOR Trustee or director | 1 | $0 |
| ATUL KULKARNI | DIRECTOR Trustee or director | 1 | $0 |
| ROBIN POLLINA-FINKELSTEIN | DIRECTOR Trustee or director | 1 | $0 |
| MARCY SCHWARTZ | DIRECTOR Trustee or director | 1 | $0 |
| ROBIN SHAINBERG | DIRECTOR Trustee or director | 1 | $0 |
| NU SUWANKOSAI | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 15 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CORDELIA CHAN | CO-TREASURER Trustee or director, Officer | 1 | $0 |
| THOMAS CHASE | DIRECTOR Trustee or director | 1 | $0 |
| TIFFANY FEHRENBACK | DIRECTOR Trustee or director | 1 | $0 |
| SONALI GANTI | DIRECTOR Trustee or director | 1 | $0 |
| JANE GOMEZ | DIRECTOR Trustee or director | 1 | $0 |
| DAVID GREEN | DIRECTOR Trustee or director | 1 | $0 |
| BRANDON HAASE | DIRECTOR Trustee or director | 1 | $0 |
| ATUL KULKARNI | DIRECTOR Trustee or director | 1 | $0 |
| LILY LEE | CHAIR Trustee or director, Officer | 1 | $0 |
| COURTNEY MICHELSON PANTIRER | SECRETARY Trustee or director, Officer | 1 | $0 |
| ROBIN POLLINA-FINKELSTEIN | DIRECTOR Trustee or director | 1 | $0 |
| MARCY SCHWARTZ | DIRECTOR Trustee or director | 1 | $0 |
| ROBIN SHAINBERG | DIRECTOR Trustee or director | 1 | $0 |
| VARUTH SUWANKOSAI | DIRECTOR Trustee or director | 1 | $0 |
| SOCK WANG | CO-TREASURER Trustee or director, Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 45, SHORT HILLS, NJ 07078-0045
- Principal officer (990 for 2024)
- SOCK WANG
- Signed the 990
- SOCK WANG, CO-TREASURER
- Phone
- (973) 376-3600
- Website
- CHARLESTKING.ORG
- Return prepared by
- H & J CERTIFIED PUBLIC ACCOUNTANTS INC
Mission
TO PROVIDE LOANS TO MILLBURN TOWNSHIP NJ STUDENTS ATTENDING ACCREDITED COLLEGES, UNIVERSITIES AND TECHNICAL SCHOOLS.
Program accomplishments
- 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, 2025, THERE WERE 92 LOANS OUTSTANDING WITH AN AVERAGE BALANCE OF 7,400.Expenses $2,572
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 22-6052901
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1942
- Accounting year ends
- June
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Education (B82Z)
- Assets (IRS master file)
- $1,672,782
- Income (IRS master file)
- $43,640
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $43,640 | $4,272 | $1,672,782 | XML |
| 990 | June 2024 | $48,725 | $8,411 | $1,633,414 | XML |
| 990 | June 2023 | $22,422 | $4,516 | $1,593,100 | IRS |
| 990 | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 22-6052901).
Questions about CHARLES T KING STUDENT LOAN FUND
- What is the EIN of CHARLES T KING STUDENT LOAN FUND?
- The employer identification number (EIN) of CHARLES T KING STUDENT LOAN FUND is 22-6052901.
- Is CHARLES T KING STUDENT LOAN FUND tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1942.
- Are donations to CHARLES T KING STUDENT LOAN FUND tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CHARLES T KING STUDENT LOAN FUND file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of CHARLES T KING STUDENT LOAN FUND due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CHARLES T KING STUDENT LOAN FUND last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of CHARLES T KING STUDENT LOAN FUND?
- The 990 for the year ended June 30, 2025 names SOCK WANG.
- Who are the officers and directors of CHARLES T KING STUDENT LOAN FUND?
- The 990 for the year ended June 30, 2025 lists 15 people; 0 received compensation from the organization.
- How much revenue does CHARLES T KING STUDENT LOAN FUND have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $43,640, expenses of $4,272 and total assets of $1,672,782 at year end.
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