Military Officers Association of America Scholarship Fund
Military Officers Association of America Scholarship Fund
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About this organization
Mission
The MOAA Scholarship Fund helps Uniformed Services families with the high cost of a college education by providing interest-free loans and grants.
About
Provided approximately $9 million in interest-free loans and grants for undergraduate education to nearly 1,400 students from military families. Interest-free loans were for $7,000 each. In addition, the balance of nearly $52,207,000 in outstanding interest-free loans to 4,700-plus military children equates to over $2,600,000 in direct savings to students (based on an average interest rate of 5%). Grants ranging from $500 to $6,000 and totaling $765,600 were also awarded. All donated funds supported educational assistance. No donated funds were used for operational expenses, to include any compensation, of the organization. All personnel and overhead expenses ($678,806) were in-kind support from MOAA.
Interesting data from their 2019 990 filing
The filing clearly states the mission of the non-profit as “Provide interest-free loans and grants for undergraduate education to children of former, active, and retired commissioned or warrant officers of the seven uniformed services, and to children of active or retired enlisted members of the armed forces.”.
When outlining its functions, they were explained as: “Provide loans & grants for undergraduate education to children of military families.”.
- In compliance with legal regulations, the non-profit has reported their state of operation as VA.
- The filing records the non-profit's address for 2019 as 201 N WASHINGTON STREET, ALEXANDRIA, VA, 22314.
- As of 2019, the non-profit's form reports a total of 0 employees.
- Is not a private foundation.
- Expenses are greater than $1,000,000.
- Revenue is greater than $1,000,000.
- Revenue less expenses is $13,748,329.
- The organization has 5 independent voting members.
- The organization was formed in 1993.
- The organization pays $0 in salary, compensation, and benefits to its employees.
- The organization pays $149,404 in fundraising expenses.
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