Nonprofit · EIN 51-0137370
LUCY S ELLIOTT LOAN FUND
Tax-exempt · PINE BLUFF, AR 71611
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $42 | $14,392 | -$14,350 | $2,946,657 | $0 | $2,946,657 |
| December 31, 2024 | 990 | $67 | $13,625 | -$13,558 | $2,961,007 | $0 | $2,961,007 |
| December 31, 2023 | 990 | $162,878 | $24,600 | $138,278 | $2,974,775 | $210 | $2,974,565 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $24
- Investment income
- $18
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $10,000
- Salaries, compensation and benefits (total)
- $10,000
- Professional fundraising fees
- $0
- Legal fees
- $115
- Accounting fees
- $980
- Management and general (functional)
- $14,392
Balance sheet and other
- Total assets, start of year
- $2,961,007
- Total assets, end of year
- $2,946,657
- Total liabilities, end of year
- $0
- Net assets, end of year
- $2,946,657
- Land, buildings and equipment
- $120
- Gross receipts
- $42
- Employees
- 1
- Year formed
- 1975
- State of legal domicile
- AR
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 December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JACK DAVIS | TRUSTEE Trustee or director | 1 | $0 |
| CHARLES MCNEW Sr | TRUSTEE Trustee or director | 0 | $0 |
| TOMMY PALMER | PRESIDENT Trustee or director | 0 | $0 |
| MERRY TOM DORRIS | TRUSTEE Trustee or director | 0 | $0 |
| DOTTIE S STRAHAN VEREEN | TRUSTEE Trustee or director | 0 | $0 |
990 for the year ended December 31, 2024: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JACK DAVIS | TRUSTEE Trustee or director | 1 | $0 |
| CHARLES MCNEW SR | TRUSTEE Trustee or director | 0 | $0 |
| TOMMY PALMER | PRESIDENT Trustee or director | 0 | $0 |
| MERRY TOM DORRIS | TRUSTEE Trustee or director | 0 | $0 |
| DOTTIE S STRAHAN VEREEN | TRUSTEE Trustee or director | 0 | $0 |
990 for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MERRY TOM DORRIS | TRUSTEE Trustee or director | 0 | $0 |
| DOTTIE S STRAHAN VEREEN | TRUSTEE Trustee or director | 0 | $0 |
| TOMMY PALMER | PRESIDENT Trustee or director | 0 | $0 |
| JACK DAVIS | TRUSTEE Trustee or director | 1 | $0 |
| CHARLES MCNEW SR | TRUSTEE Trustee or director | 0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 8069, PINE BLUFF, AR 71611-8069
- In care of
- % CHARLES MCNEW
- Signed the 990
- CHARLES MCNEW, TREASURER
- Phone
- (870) 879-2869
- Return prepared by
- Kelly and Stone PA CPAs
Mission
EDUCATIONAL AND RELIGIOUS
Program accomplishments
- PROVIDES STUDENT LOANS TO INDIVIDUALS BASED ON FINANCIAL NEED. THESE LOANS ARE INTEREST-FREE. ALSO, ALLOCATES A PORTION OF CORPUS (5%) TO TRINITY EPISCOPAL CHURCH IN PINE BLUFF, ARKANSAS.
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 51-0137370
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible (Pub 78)
- Supporting organization of unknown type
- Exempt since
- 1975
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Public and societal benefit (W60Z)
- Assets (IRS master file)
- $2,946,657
- Income (IRS master file)
- $42
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $42 | $14,392 | $2,946,657 | XML |
| 990 | December 2024 | $67 | $13,625 | $2,961,007 | XML |
| 990 | December 2023 | $162,878 | $24,600 | $2,974,775 | XML |
| 990 | December 2022 | $290,978 | $126,415 | $2,931,390 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | 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 51-0137370).
Questions about LUCY S ELLIOTT LOAN FUND
- What is the EIN of LUCY S ELLIOTT LOAN FUND?
- The employer identification number (EIN) of LUCY S ELLIOTT LOAN FUND is 51-0137370.
- Is LUCY S ELLIOTT LOAN FUND tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1975.
- Are donations to LUCY S ELLIOTT LOAN FUND tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does LUCY S ELLIOTT LOAN FUND file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of LUCY S ELLIOTT LOAN FUND due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did LUCY S ELLIOTT LOAN FUND last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who are the officers and directors of LUCY S ELLIOTT LOAN FUND?
- The 990 for the year ended December 31, 2025 lists 5 people; 0 received compensation from the organization.
- How much revenue does LUCY S ELLIOTT LOAN FUND have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $42, expenses of $14,392 and total assets of $2,946,657 at year end.
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