2022-08-15T09:26:38-05:00 2021-09-30 135565207 KPMG LLP 301 MAIN STREET SUITE 2150 BATON ROUGE LA 70801 990 2020-10-01 742094204 TEXAS GUARANTEED STUDENT LOAN CORPORATION TEXA 5122195700 PO BOX 83100 ROUND ROCK TX 786833100 DAVE SCHWANKE CFO 5122195700 2022-08-12 1 DAVE SCHWANKE 999009999 RYAN HOOKS P00746825 2253444000 2022-08-11 3 AAL1 IAL1 2020 2022-09-23 18:48:47Z TRELLIS COMPANY DAVE SCHWANKE PO BOX 83100 ROUND ROCK TX 786833100 195647714 0 X WWW.TRELLISCOMPANY.ORG X 1979 TX "OUR VISION IS THAT PEOPLE RECEIVE TRUSTED GUIDANCE TO MAKE INFORMED DECISIONS AND IMPROVE THEIR LIVES." TRELLIS ADMINISTERS THE FEDERAL FAMILY EDUCATION LOAN PROGRAM (FFELP). 8 8 718 0 35714460 2909184 61507334 71089172 9824097 37176187 9278914 23481365 595199 313325 81205544 132060049 5216013 80360617 0 0 29660041 35298648 0 0 0 14187608 28211892 49063662 143871157 32141882 -11811108 834850759 787960851 465516195 415172867 369334564 372787984 X "OUR VISION IS THAT PEOPLE RECEIVE TRUSTED GUIDANCE TO MAKE INFORMED DECISIONS AND IMPROVE THEIR LIVES." 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FED RESERVE FUND 392874306 393541965 LIABILITES HELD - FED RESERVE FUND 392874306 OTHER LIABILTIES 1014547 393888853 1 ALAMO COMMUNITY COLLEGE DISTRICT FOUNDATION INC ACCD FOUNDATION 1819 N MAIN AVE SAN ANTONIO TX 78212 742422589 501(C)(3) 94487 STUDENT FUND - ALAMO COLLEGES MCMURRY UNIVERSITY FOUNDATION 1400 SAYLES BLVD ABILENE TX 79697 750855633 501(C)(3) 10000 GENERAL SUPPORT FOUNDATION COMMUNITIES 3000 S IH35 FRONTAGE RD 300 AUSTIN TX 78704 742563260 501(C)(3) 10000 GENERAL SUPPORT CENTRAL TEXAS FOOD BANK INC 6500 METROPOLIS DE AUSTIN TX 78744 742217350 501(C)(3) 10000 GENERAL SUPPORT ALABAMA A&M UNIVERSITY PATTON HALL RM 205 NORMAL AL 35762 237067600 501(C)(3) 12935 GENERAL SUPPORT ALABAMA STATE UNIVERSITY 915 S JACKSON ST MONTGOMERY AL 36104 636001101 GOVT 10403 GENERAL SUPPORT ALBANY STATE UNIVERSITY 504 COLLEGE DR ATLANTA GA 31705 586001996 GOVT 15000 STUDENT FUND FORT VALLEY STATE UNIVERSITY 1005 STATE UNIVERSITY DR FORT VALLEY GA 31030 237281905 501(C)(3) 9128 STUDENT FUND GEORGIA STATE UNIVERSITY 33 GILMER ST ATLANTA GA 30303 586002050 GOVT 30000 STUDENT FUND OAKWOOD UNIVERSITY 7000 ADVENTIST BLVD HUNTSVILLE AL 35896 630366652 501(C)(3) 7000 STUDENT FUND OUR LADY OF THE LAKE UNIVERSITY 411 SW 24TH ST SAN ANTONIO TX 78207 741109631 501(C)(3) 7000 STUDENT FUND SPELMAN COLLEGE 350 SPELMAN LANE SW ATLANTA GA 30314 580566243 501(C)(3) 10000 STUDENT FUND ST MARY'S UNIVERSITY 1 CAMINO SANTA MARIA SAN ANTONIO TX 78228 741143128 501(C)(3) 9122 STUDENT FUND TEXAS A&M INTERNATIONAL UNIVERSITY 5201 UNIVERSITY BLVD LAREDO TX 78041 742603619 GOVT 15000 STUDENT FUND TEXAS COLLEGE 2404 N GRAND AVE TYLER TX 75702 750917417 501(C)(3) 5589 STUDENT FUND TEXAS SOUTHERN UNIVERSITY 3100 CLEBURNE ST HOUSTON TX 77004 741620415 501(C)(3) 6945 STUDENT FUND LAWSON STATE COMMUNITY COLLEGE 3060 WILSON RD SW BIRMINGHAM AL 35221 630641064 GOVT 20000 STUDENT FUND DILLARD UNIVERSITY 2601 GENTILLY BLVD NEW ORLEANS LA 70122 720408929 501(C)(3) 12000 STUDENT FUND TEXAS STATE UNIVERSITY 601 UNIVERSITY DR SAN MARCOS TX 78666 746002248 GOVT 35000 STUDENT FUND TRENHOLM STATE COMMUNITY COLLEGE 1225 AIR BASE BLVD MONTGOMERY AL 36108 630510750 GOVT 15000 STUDENT FUND TRELLIS FOUNDATION 301 SUNDANCE PKWY ROUND ROCK TX 78681 814714749 501(C)(3) 79953723 CAPACITY BLDG/STUDENT FUND 21 PART I, LINE 2: ONCE APPROVED FOR FUNDING, EACH GRANTEE MUST REVIEW AND EXECUTE A GRANT AGREEMENT WITH TRELLIS. EXPECTATIONS FOR THE GRANTEES AND THEIR RESPECTIVE PROJECTS AND/OR USE OF FUNDS ARE OUTLINED IN THE GRANT AGREEMENT. REPORTING REQUIREMENTS ARE ALSO OUTLINED IN THE AGREEMENT. GRANTEES ARE INSTRUCTED TO PROVIDE PROGRESS REPORT(S), WHICH ARE REVIEWED BY GRANT MANAGEMENT STAFF TO DETERMINE IF THE GRANT EXPENDITURES ARE IN COMPLIANCE WITH REQUIREMENTS AND ARE ACHIEVING THE STATED GOALS OF THE PROGRAM. IF THERE ARE SIGNIFICANT ISSUES NOTED IN THE PROGRESS REPORT, STAFF WILL FOLLOW UP WITH THE GRANTEE. IF THERE ARE NO SIGNIFICANT ISSUES NOTED, STAFF PROCESS THE REPORT AND RECORD ACTIVITY. AT THE TERMINATION OF THE GRANT PERIOD, STAFF REVIEWS THE FINAL REPORT ON EACH PROJECT AND ACCOUNTS FOR ANY UNSPENT FUNDS AND ARRANGES FOR THE RETURN OF FUNDS OR OTHER DISPENSATION AS PROVIDED BY TRELLIS MANAGEMENT. X X X X X 0 0 0 0 0 0 0 1 0 SCOTT GILES PRESIDENT/CEO (TO 1/21) 443896 0 154820 0 21429 0 36000 0 29368 0 685513 0 0 0 JAMES E ZIMMERMAN VP/INFORMATION TECH 183701 0 42364 0 14848 0 34185 0 47891 0 322989 0 0 0 DONNA M FRITZ VP/MKTG & COMMS 181477 0 41905 0 19473 0 35564 0 29970 0 308389 0 0 0 DANEN T SHIEK VP/SALES 193735 0 8823 0 17307 0 17036 0 48907 0 285808 0 0 0 SUSAN G HIGH VP/OPERATIONS 167398 0 40132 0 17937 0 32202 0 21621 0 279290 0 0 0 GREGORY H DICKENSON GENERAL COUNSEL 163485 0 35619 0 6975 0 27565 0 29447 0 263091 0 0 0 LINDA S HACKLEMAN VP/HUMAN RESOURCES 148976 0 35969 0 12082 0 30591 0 21839 0 249457 0 0 0 AUDREY WEBB DIRECTOR/IT SHARED SERV (TO 12/21) 153759 0 32586 0 11108 0 36983 0 12660 0 247096 0 0 0 BRYAN M ASHTON VP/COMM INVST & GOVT AFFA 161687 0 36120 0 5644 0 31847 0 10097 0 245395 0 0 0 JEFF J WEBSTER DIRECTOR/RESEARCH 137672 0 30179 0 14814 0 35153 0 10816 0 228634 0 0 0 MATTHEW R STEINER DIRECTOR/CORP ANALYTICS 118764 0 28874 0 9199 0 23331 0 30476 0 210644 0 0 0 STEVEN RAY SMITH DIRECTOR/SSI 135606 0 28714 0 6997 0 24241 0 10735 0 206293 0 0 0 SHELIA DUNLAP DIRECTOR/CUSTOMER SUPPORT 131873 0 31401 0 5776 0 22519 0 13526 0 205095 0 0 0 SHARON A ALLEN DIRECTOR/HR 128949 0 29938 0 9290 0 20437 0 11460 0 200074 0 0 0 MICHAEL A CULLIGAN TECH CONSULTANT 114211 0 25599 0 4180 0 28571 0 23767 0 196328 0 0 0 KEITH A ECKELLKAMP VP/CONTROLLER (TO 9/21) 130007 0 18536 0 5104 0 23932 0 17530 0 195109 0 0 0 PART I, LINE 7 TRELLIS' BOARD OF DIRECTORS APPROVES THE CORPORATE PERFORMANCE AWARD PROGRAM WHICH IS DESIGNED TO REWARD EMPLOYEES FOR ACHIEVING FINANCIAL AND OPERATIONAL GOALS. CORPORATE GOALS ARE TYPICALLY APPROVED BY THE BOARD BEFORE THE BEGINNING OF THE FISCAL YEAR AND ARE BASED ON THE ORGANIZATION ACHIEVING ITS GOALS. ELIGIBLE EMPLOYEES INCLUDE ALL REGULAR EMPLOYEES, EMPLOYED AT THE END OF THE FISCAL YEAR, NOT PARTICIPATING IN ANOTHER DEPARTMENTAL OR INDIVIDUAL INCENTIVE PLAN, AND MEETING MINIMUM PERFORMANCE STANDARDS. EMPLOYEE ELIGIBILITY IS BASED ON PAY GRADE WITH AWARDS BASED ON COMPETITIVE MARKET BONUS RANGES. FORM 990, PART III, LINE 4A - GUARANTOR OPERATIONS: GUARANTOR OPERATIONS: TRELLIS' GUARANTOR OPERATIONS ENCOMPASSES THE ADMINISTRATION OF THE FEDERAL FAMILY EDUCATION LOAN PROGRAM (FFELP) ON BEHALF OF THE U.S. DEPARTMENT OF EDUCATION (ED). AS OF THE FISCAL YEAR END, TRELLIS' OUTSTANDING LOAN PORTFOLIO BALANCE TOTALED $5.0 BILLION AND DEFAULTED LOANS COLLECTION PORTFOLIO OF $1.0 BILLION. PROGRAM SERVICE ACCOMPLISHMENTS: PROMOTING BORROWER SUCCESS IS A LONG-TERM ENDEAVOR, STARTING BEFORE A STUDENT BORROWER ENROLLS IN COLLEGE AND LASTING THROUGH REPAYMENT. TRELLIS HAS A SET OF SPECIALIZED TEAMS - CUSTOMER ASSISTANCE, DEFAULT PREVENTION, CLAIMS AND DEFAULT RECOVERY - THAT SERVE BORROWERS THROUGHOUT THE STUDENT LOAN LIFECYCLE. THESE TEAMS EDUCATE STUDENT BORROWERS ABOUT LOANS AND THEIR REPAYMENT OPTIONS AND HELP THEM RETURN TO REPAYMENT IN THE CASE OF DELINQUENCY OR DEFAULT. DEFAULT PREVENTION - TRELLIS WORKS WITH STUDENT LOAN BORROWERS, LENDERS AND SERVICERS TO HELP PREVENT DEFAULT ON STUDENT LOANS. COUNSELORS WORK WITH BORROWERS WHO HAVE ENTERED DELINQUENCY, EDUCATING THEM ON STUDENT LOAN REPAYMENT OPTIONS, DEFERMENTS AND FORBEARANCES IN ORDER FOR BORROWERS TO SUCCESSFULLY REPAY THEIR FEDERAL STUDENT LOANS AND AVOID DEFAULT. IN FY21 THE TEAM RECEIVED 77,156 DEFAULT AVERSION ASSISTANCE REQUESTS FROM LENDERS AND SUCCESSFULLY AVERTED APPROXIMATELY $1.5 BILLION FROM DEFAULT. AS A RESULT, MORE BORROWERS RETURN TO AND MAKE PROGRESS IN REPAYMENT, WHICH ALLOWS THE BORROWERS TO AVOID THE NEGATIVE CONSEQUENCES OF DEFAULT, INCLUDING DAMAGED CREDIT, THE LOSS OF ELIGIBILITY FOR FEDERAL STUDENT AID AND THE HIGH COST OF COLLECTION FEES. CLAIMS - TRELLIS PROCESSES DEFAULT CLAIMS SUBMITTED BY LENDERS THAT HAVE BEEN UNSUCCESSFUL IN TRANSITIONING BORROWERS WITH DELINQUENT LOANS BACK INTO REPAYMENT. WHEN LENDERS SUBMIT CLAIMS ON TRELLIS -GUARANTEED LOANS, TRELLIS VERIFIES THE LENDER'S COMPLIANCE WITH FFEL PROGRAM REQUIREMENTS, AND, IF VALID, MANAGES THE PURCHASE OF THE LOAN FROM THE LENDER. IT IS AT THAT TIME THAT THE LOAN ENTERS TRELLIS' PORTFOLIO FOR COLLECTION. IN FY21, TRELLIS PROCESSED DEFAULT CLAIMS TOTALING APPROXIMATELY $129 MILLION. COLLECTIONS - UPON DEFAULT CLAIM PAYMENT, TRELLIS IS STATUTORILY REQUIRED TO PURSUE COLLECTION EFFORTS ON BEHALF OF THE FEDERAL GOVERNMENT ON ALL TRELLIS - GUARANTEED STUDENT LOANS. WHILE THE TEAM'S CORE RESPONSIBILITY IS TO RECOVER TAXPAYER ASSETS, TRELLIS WORKS WITH BORROWERS TO FIND THE BEST OPTION FOR THEM IN RESOLVING THEIR DEFAULT. THE GOAL IS TO HELP THE BORROWER RETURN TO REPAYMENT IN A WAY THAT REPAIRS THEIR CREDIT. IN FY21, TRELLIS' DEFAULT RECOVERY TEAM SET UP NEW REPAYMENT PLANS FOR 5,172 BORROWERS. OF THOSE NEW REPAYMENT PLANS, 84.8 PERCENT STARTED BORROWERS ON BENEFICIAL REHABILITATION PROGRAMS, THE BEST SOLUTION FOR BORROWERS WITH DEFAULTED LOANS. IN MARCH 2021, ED EXPANDED THE PROVISIONS FOR FEDERAL STUDENT LOAN BORROWERS WITH FFELP LOANS. FFELP GUARANTORS LIKE TRELLIS WERE ASKED TO REFUND ALL INVOLUNTARY RECOVERIES COLLECTED SINCE MARCH 2020 AND VOLUNTARY RECOVERIES COLLECTED FOR A SIMILAR PERIOD OF TIME WHEN THE BORROWERS REQUESTED A REFUND. ED REIMBURSED TRELLIS FOR THESE REFUNDS FROM THE FEDERAL FUND. IN ADDITION, ED PROVIDED FOR A LOST REVENUE PAYMENT FROM THE FEDERAL FUND TO BE BASED ON RECOVERY COLLECTIONS FORGONE DURING THE PANDEMIC THROUGH THE END OF THE PAUSE PERIOD DEFINED AS AUGUST 2022. TRELLIS DEVELOPED A LOST REVENUE METHODOLOGY BASED ON THE BUDGETARY AND HISTORICAL DATA. THESE TWO REVENUE STREAMS ARE REIMBURSEMENT FOR ACTUAL PAYMENTS MADE ON COLLECTIONS RETURNED AND THE DIFFERENCE IN PROJECTED AND ACTUAL RECOVERIES COLLECTED FOR THE LOSS REVENUE EACH QUARTER. IN FY21, TRELLIS COLLECTED APPROXIMATELY $109 MILLION IN DEFAULTED STUDENT LOANS AND RECEIVED $47.1 MILLION IN LOST REVENUE FROM ED. FORM 990, PART III, LINE 4B - NON-GUARANTOR OPERATIONS: NON-GUARANTOR OPERATIONS: TRELLIS' NON-GUARANTOR OPERATIONS INCLUDE VARIOUS ENDEAVORS RELATED TO PROMOTING ACCESS TO HIGHER EDUCATION, INCLUDING TRELLIS' PHILANTHROPIC ACTIVITIES. ADDITIONALLY, TRELLIS PROVIDES A VARIETY OF SERVICES TARGETED AT ENHANCING THE HIGHER EDUCATION COMMUNITY AND CREATING POSITIVE STUDENT OUTCOMES, INCLUDING: RESEARCH AND PUBLIC POLICY SERVICES: TRELLIS PROVIDES EXTENSIVE RESEARCH SERVICES THAT ARE TARGETED AT UNDERSTANDING THE CONSUMER EXPERIENCE RELATED TO FINANCING, PARTICIPATING AND PERSISTING IN HIGHER EDUCATION. THESE SERVICES ARE UTILIZED TO BETTER UNDERSTAND THE CHALLENGES ASSOCIATED WITH POST-SECONDARY FINANCING AND PARTICIPATION AND ARE USED TO INFORM CAMPUS ADMINISTRATORS, STUDENT SERVICE PROVIDERS AND POLICY MAKERS. TRELLIS ADMINISTERS A WIDE VARIETY OF QUALITATIVE AND QUANTITATIVE RESEARCH THROUGHOUT THE YEAR TO SUPPORT THESE GOALS. STUDENT SUPPORT SERVICES- TRELLIS PROVIDES A VARIETY OF SUPPORT SERVICES TARGETED AT ASSISTING STUDENTS IN NAVIGATING THE COLLEGE ACCESS AND COMPLETION JOURNEY. THESE SERVICES INCLUDE: - FINANCIAL COACHING SERVICES (WHICH PROVIDES IN DEPTH ONE ON ONE CONSULTATIONS REGARDING STUDENT FINANCES), - SUPPORT SERVICES FOR FILLING OUT THE FREE APPLICATION FOR FEDERAL STUDENT AID (FAFSA), - STUDENT FINANCIAL LITERACY RESOURCES, - COMMUNICATION SERVICES TO HELP STUDENTS START AND STAY IN COLLEGE, AND - A FREE, PUBLIC-ACCESS WEBSITE MOSAIEC (MOSAIEC.ORG) TO PROVIDE RESOURCES ABOUT HOW AND WHY TO PAY FOR COLLEGE, - DEFAULT PREVENTION SERVICES TO STUDENTS PRIOR TO DEFAULT, - SUPPORT TO ASSIST STUDENTS WHO HAVE STOPPED-OUT TO RETURN TO COMPLETE THE DEGREE. INSTITUTIONAL SUPPORT SERVICES: TRELLIS PROVIDES SUPPORT RESOURCES FOR COLLEGE AND UNIVERSITIES TO ASSIST IN DEVELOPING CAPACITY ON CAMPUS. THESE SERVICES SUPPORT THE DEVELOPMENT OF POLICIES, PROCEDURES AND PROGRAMS THAT ASSIST IN HELPING MORE STUDENTS OBTAIN A POSTSECONDARY DEGREE OR CREDENTIAL. FORM 990, PART VI, SECTION A, LINE 2 THE FOLLOWING TRELLIS COMPANY EMPLOYEES, AS OFFICERS/DIRECTORS OF TRELLIS HOLDINGS, HAVE A BUSINESS RELATIONSHIP: - YVONNE BATTS - RENARD JOHNSON - EDWARD ESCUDERO - DENNIS MORONEY - GREG DICKENSON THE FOLLOWING TRELLIS COMPANY EMPLOYEES, AS OFFICERS OF WAYPOINT RESOURCE GROUP, HAVE A BUSINESS RELATIONSHIP: - SCOTT GILES - GREG DICKENSON - DANEN SHIEK FORM 990, PART VI, SECTION B, LINE 11B TRELLIS' ACCOUNTING DEPARTMENT WORKS WITH ITS CPA FIRM TO PREPARE THE 990. ONCE A FINAL DRAFT IS AVAILABLE, IT IS SUBMITTED TO EXECUTIVE MANAGEMENT FOR REVIEW. ONCE ALL QUESTIONS HAVE BEEN RESOLVED, THE RETURN, IN ITS FINAL FORM, IS PROVIDED TO THE TRELLIS BOARD OF DIRECTORS FOR THEIR REVIEW. FORM 990, PART VI, SECTION B, LINE 12C TRELLIS' CODE OF BUSINESS CONDUCT IS A POLICY WHICH ALL EMPLOYEES, OFFICERS, AND DIRECTORS MUST AGREE TO. WITHIN THE CODE OF BUSINESS CONDUCT, MANAGERS, KEYS EMPLOYEES, OFFICERS AND DIRECTORS ARE REQUIRED TO DISCLOSE ANY BUSINESS INTERESTS OUTSIDE OF TRELLIS. TRELLIS' LEGAL COUNSEL PROACTIVELY REVIEWS AND ACTS ON POTENTIAL CONFLICTS. ACTUAL CONFLICTS, SHOULD THEY OCCUR, MAY RESULT IN DISCIPLINARY ACTION, UP TO AND INCLUDING TERMINATION AND POSSIBLE CRIMINAL PROSECUTION. TRELLIS TEAM MEMBERS ARE REQUIRED TO COMPLETE PERIODIC TRAINING AS IT RELATES TO TRELLIS' CODE OF BUSINESS CONDUCT. FORM 990, PART VI, SECTION B, LINE 15 TRELLIS CONTRACTS WITH A THIRD PARTY CONSULTANT TO PROVIDE BENCHMARK DATA FOR TRELLIS EMPLOYEES AND OFFICERS, INCLUDING ANNUAL COMPENSATION STUDIES WHICH ARE PRESENTED TO THE TRELLIS BOARD OF DIRECTORS FOR THEIR REVIEW. IN 2021, TRELLIS ALSO ENGAGED A THIRD PARTY CONSULTANT TO PERFORM A COMPENSATION ANALYSIS FOR THE BOARD POSITIONS AND THE BOARD ADOPTED THE CONSULTANT'S RECOMMENDATIONS. THE THIRD PARTY CONSULTANTS USE COMPENSATION DATA FOR SIMILARLY QUALIFIED PERSONS IN THE COMPARABLE POSITIONS FOR BOTH OFFICERS AND KEY EMPLOYEES IN SIMILAR ORGANIZATIONS. DOCUMENTATION TO SUPPORT BENCHMARK DECISIONS REGARDING COMPENSATION ARRANGEMENTS FOR ALL EMPLOYEES IS RETAINED. THE OFFICER AND EMPLOYEE POSITIONS FOR WHICH THE BENCHMARKING PROCESS IS USED TO ESTABLISH COMPENSATION OCCURS ANNUALLY. THE BOARD OF DIRECTORS SPECIFICALLY REVIEWS EXECUTIVE MANAGEMENT COMPENSATION BENCHMARKS AND APPROVES ANNUAL ADJUSTMENTS AND/OR MERIT INCREASES AS RECOMMENDED BY THE PRESIDENT/CEO. ANNUALLY, THE BOARD MAKES SPECIFIC DECISIONS OF THE PRESIDENT/CEO'S SALARY. DECISIONS REGARDING COMPENSATION ARE DOCUMENTED IN THE BOARD MEETING MINUTES. FORM 990, PART VI, SECTION C, LINE 19 TRELLIS' CODE OF BUSINESS CONDUCT IS AVAILABLE TO ALL EMPLOYEES AND THE GENERAL PUBLIC VIA TRELLIS' WEBSITE: WWW.TRELLISCOMPANY.ORG. TRELLIS' AUDITED FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G CONSULTING: PROGRAM SERVICE EXPENSES 756,432. MANAGEMENT AND GENERAL EXPENSES 272,272. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,028,704. HR CONSULTING/EMPLOYEE BENEFIT: PROGRAM SERVICE EXPENSES 193,818. MANAGEMENT AND GENERAL EXPENSES 69,763. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 263,581. IT OFF SIGHT RECOVERY SERVICES: PROGRAM SERVICE EXPENSES 65,096. MANAGEMENT AND GENERAL EXPENSES 23,431. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 88,527. IT PROFESSIONAL SERVICES: PROGRAM SERVICE EXPENSES 272,426. MANAGEMENT AND GENERAL EXPENSES 98,058. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 370,484. MISC SERVICES: PROGRAM SERVICE EXPENSES 54,993. MANAGEMENT AND GENERAL EXPENSES 19,795. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 74,788. RECRUITING: PROGRAM SERVICE EXPENSES 133,305. MANAGEMENT AND GENERAL EXPENSES 47,982. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 181,287. TWC-ICR SUBCONTRACT EXPENSE: PROGRAM SERVICE EXPENSES 12,941,038. MANAGEMENT AND GENERAL EXPENSES 4,658,034. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 17,599,072. COMMISSION: PROGRAM SERVICE EXPENSES 5,151. MANAGEMENT AND GENERAL EXPENSES 1,854. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 7,005. TRELLIS HOLDINGS PO BOX 6714 ROUND ROCK TX 78683 742748786 COLLECTION AG TX TX GUARANTEED STUDENT LOAN CORP C 3429224 11307746 1.00000 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 0 1 TRELLIS HOLDINGS INC Q 194167 FMV TRELLIS HOLDINGS INC N 529935 FMV TRELLIS HOLDINGS INC O 501646 FMV TRELLIS HOLDINGS INC S 72000 FMV