2019-07-30T13:39:15-05:00 2018-09-30 BDO USA LLP 8401 GREENSBORO DRIVE 800 MCLEAN VA 22102 990 2017-10-01 581757969 Educational Funding of the South Inc % KEN MANN EDUC 6157718505 501 CORPORATE CENTRE DRIVE FRANKLIN TN 37067 RON GAMBILL CHAIRMAN/CEO 8658243054 2019-07-30 true Marc Berger P01871563 7038930600 4.15.233.162 54621820192115000002 2019-07-30 P AE1883403D1B8619E13E14C3F76890C2BC7F25E7 21113678E977CF0F147E11547FB84355093581B2 2017 2019-02-21 02:37:17Z RON GAMBILL 501 CORPORATE CENTRE DRIVE FRANKLIN TN 37067 57118278 false X www.edsouth.org X 1985 TN ACQUISITION OF STUDENT loans, college and CAREER COUNSELING SERVICES, FINANCIAL LITERACY SERVICES AND NEED-BASED SCHOLARSHIPS. 5 4 13 0 0 0 0 60507592 53421201 2086353 3259978 628244 437099 63222189 57118278 215500 218500 0 0 1822055 1908723 0 0 0 59186616 52828749 61224171 54955972 1998018 2162306 1305226561 1125274900 1110665739 928551772 194560822 196723128 X SEE SCHEDULE O Financial Literacy servcies, and need-based scholarships false false 50275665 53421201 ACQUISITION OF STUDENT LOANS MADE TO STUDENTS AND PARENTS PURSUANT TO TITLE IV OF THE HIGHER EDUCATION ACT OF 1965, AS AMENDED. LOANS, IN THE AMOUNT OF $721,000, WERE ACQUIRED DURING TAX YEAR 2018. 1170863 2000 STUDENT OUTREACH SERVICES ARE OFFERED TO STUDENTS IN ELEMENTARY SCHOOL THROUGH HIGH SCHOOL TO PROMOTE COLLEGE AND CAREER COUNSELING. Financial literacy programs are offered to middle schools serving low-income families in Middle Tennessee, high schools students in grades 10-12 in East and Middle Tennessee, and postsecondary institutions in the Tennessee Board of Regents System. 216500 216500 VOLUNTEER STATE STUDENT ASSISTANCE SCHOLARSHIPS ARE OFFERED TO 4-YEAR PUBLIC AND PRIVATE POSTSECONDARY INSTITUTIONS THROUGHOUT THE STATE OF TENNESSEE TO BE AWARDED TO STUDENTS BASED ON FINANCIAL NEED. 335333 ECAMPUS TOURS 335333 51998361 true false false false false false false false false false true false false false false true false true false false false false false false false false false true false true false false false false false false false false false false false false true true false false false true 16 0 true 13 true false false false false false false false false false false X 5 4 false false false false false false false true true false false true true true true true true true true false X KEN MANN 8658243054 12700 KINGSTON PIKE KNOXVILLE TN 37934 RON GAMBILL PRESIDENT/CEO 50.0 0.0 X X 787408 0 23283 JOHN MAYS DIRECTOR 1.0 0.0 X 23000 0 0 MIKE RAGSDALE DIRECTOR 1.0 0.0 X 23000 0 0 RICHARD SMELSER DIRECTOR 1.0 0.0 X 21500 0 0 JEFF GERKIN DIRECTOR 1.0 0.0 X 21500 0 0 KEN MANN CFO 40.0 0.0 X 176108 0 15142 1052516 0 38425 2 false true false AES 1200 NORTH SEVENTH STREET HARRISBURG PA 17102 LOAN SERVICING 2883892 Educational Servicing of America I 12700 Kingston Pike KNOXVILLE TN 37934 ADMINISTRATION 2698180 EVERFI INC 3299 K STREET NW 4TH FL WASHINGTON DC 20007 STUDENT OUTREACH 345000 SOUTHEAST BANCORP 12700 KINGSTON PIKE KNOXVILLE TN 37934 RENT/OTHER 258990 BDO USA LLP 421 FAYETTEVILLE ST STE 300 RALEIGH NC 27601 AUDIT SERVICES 225586 8 0 BORROWER INTEREST 525990 53421201 53421201 53421201 1109711 1109711 0 0 0 0 0 2150267 2150267 2150267 2150267 0 0 0 0 0 0 0 0 0 MISCELLANEOUS 525990 437099 437099 437099 57118278 53421201 3697077 218500 218500 0 0 0 1694341 1355473 338868 0 0 0 48805 39044 9761 0 89436 71549 17887 0 76141 60913 15228 0 5111852 3067111 2044741 0 0 143063 0 143063 0 0 0 116486 93189 23297 0 0 50025 40020 10005 0 14955 11964 2991 0 94911 75929 18982 0 0 100057 80046 20011 0 78905 63124 15781 0 0 17051 13641 3410 0 31615701 31615701 0 0 0 901648 721318 180330 0 14890 11912 2978 0 CONSOLIDATION REBATE FEES 9067615 9067615 LARS 4950202 4950202 MISCELLANEOUS 551388 441110 110278 54955972 51998361 2957611 0 0 0 53424779 45858998 0 0 26581674 27438870 0 0 0 0 1201493593 1017462452 0 0 83896 86813 648912 204061 443930 444851 16583887 27595289 0 0 0 0 4722222 4388889 1892580 1998738 1305226561 1125274900 5703490 1377150 0 0 0 0 0 0 0 0 0 0 1104962249 927174622 0 0 0 0 1110665739 928551772 X 194560822 196723128 0 0 0 0 194560822 196723128 1305226561 1125274900 2162306 X false true X true true true X 0 0 0 0 0 0 100059008 84225414 73116684 60507592 53421201 371329899 0 0 0 100059008 84225414 73116684 60507592 53421201 371329899 0 0 0 371329899 401779 277821 794792 802955 1109711 3387058 0 401779 277821 794792 802955 1109711 3387058 0 711685 581734 710153 628244 437099 3068915 101172472 85084969 74621629 61938791 54968011 377785872 0.98291 0.98750 0.00897 0.00585 X 32500 32500 168258 4906 163352 211680 41150 170530 17973 17973 0 218501 140032 78469 444851 0 0 X PART X, LINE 2: THE COMPANY IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(A) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN MADE IN THE CONSOLIDATED FINANCIAL STATEMENTS. THE COMPANY ANALYZED ITS TAX POSITIONS FOR THE YEARS ENDED SEPTEMBER 30, 2018 AND 2017 AND DETERMINED THERE WERE NO UNCERTAIN TAX POSITIONS THAT WOULD HAVE A MATERIAL IMPACT ON THE COMPANY'S CONSOLIDATED FINANCIAL STATEMENTS. true Austin Peay State University 601 College St Clarksville TN 37044 620961836 501(c)(3) 7500 SCHOLARSHIPS Baptist College of Health Sciences 1003 Monroe Avenue Memphis TN 38104 621599670 501(c)(3) 7000 SCHOLARSHIPS Belmont University 1900 Belmont BLVVD Nashville TN 37212 620465076 501(c)(3) 14000 SCHOLARSHIPS Carson-Newman University 1646 Russell Ave jefferson City TN 37760 620479189 501(c)(3) 7000 SCHOLARSHIPS Christian Brothers University 650 East Parkway South Memphis TN 38104 620476666 501(c)(3) 7000 SCHOLARSHIPS Cumberland University One Cumberland Square Lebanon TN 37087 620599339 501(c)(3) 7000 SCHOLARSHIPS East Tennessee State University 1276 Gilbreath Drive Johnson City TN 37614 626021046 501(c)(3) 10000 SCHOLARSHIPS Freed-Hardeman University 158 East Main Street Henderson TN 38340 620518288 501(c)(3) 7000 SCHOLARSHIPS Johnson University 7900 Johnson drive Knoxville TN 37998 626001104 501(c)(3) 7000 SCHOLARSHIPS King University 1350 King College Road Bristol TN 37620 581363100 501(c)(3) 7000 SCHOLARSHIPS Lipscomb University 1 University Park Dr Nashville TN 37204 620485733 501(c)(3) 14000 SCHOLARSHIPS Martin Methodist College 433 W Madison St Pulaski TN 38478 620483210 501(c)(3) 7000 SCHOLARSHIPS Maryville College 502 E Lamar Alex pkwy Maryville TN 37804 620475691 501(c)(3) 7000 SCHOLARSHIPS Memphis College of Art 1930 Poplar Avenue Memphis TN 38104 620544854 501(c)(3) 7000 SCHOLARSHIPS Middle Tennessee State University 1301 E Main St Murfreesboro TN 37132 626005794 501(c)(3) 10000 SCHOLARSHIPS Milligan College One Blowers BLVD Miligan College TN 37682 620535755 501(c)(3) 7000 SCHOLARSHIPS Rhodes College 2000 North Parkway Memphis TN 38112 620476301 501(c)(3) 7000 SCHOLARSHIPS Trevecca Nazarene University 333 Murfreesboro Road Nashville TN 37210 620497990 501(c)(3) 7000 SCHOLARSHIPS Union University 1050 Union Univ Dr Jackson TN 38305 620516509 501(c)(3) 7000 SCHOLARSHIPS Univ of Tennessee Martin 200 Admin Building Martin TN 38238 626001636 501(c)(3) 10000 DONATION University of Memphis 3720 Alumni Ave Memphis TN 38152 621237951 501(c)(3) 12000 SCHOLARSHIPS University of the South 735 University Avenue Sewanee TN 37383 620475697 501(c)(3) 7000 SCHOLARSHIPS Vanderbilt University 2309 West End Avenue Nashville TN 37203 620476822 501(c)(3) 21000 SCHOLARSHIPS Williamson College 274 Mallary Station Road Franklin TN 37067 621669683 501(c)(3) 7000 SCHOLARSHIPS 24 FORM 990, SCHEDULE I, PART I, LINE 2: THE GRANT/SCHOLARSHIP PROGRAM PROVIDES SCHOLARSHIPS TO STUDENTS WHO DEMONSTRATE, THROUGH AN APPLICATION PROCESS AND WITH WORKING RELATIONS WITH ELIGIBLE SCHOOLS, ACADEMIC ACHIEVEMENT, FINANCIAL NEED, AND INVOLVEMENT IN COMMUNITY SERVICES. X true true X X X X X false false false false false false false false false RON GAMBILL PRESIDENT/CEO 715000 0 0 0 72408 0 13500 0 9783 0 810691 0 0 0 KEN MANN CFO 167509 0 8000 0 599 0 8775 0 6367 0 191250 0 0 0 PART 1, LINE 1A HEALTH CLUB FEES ARE PAID PER WRITTEN POLICY AND ARE PAID ONCE SUBSTANTIATED. FORM 990, PART III, LINE 1: EDUCATIONAL FUNDING OF THE SOUTH, INC (THE COMPANY) IS A NOT-FOR-PROFIT PUBLIC BENEFIT CORPORATION FORMED IN 1985. THE COMPANY ACQUIRED AND FUNDED LOANS TO STUDENTS AND PARENTS OF STUDENTS THROUGHOUT THE UNITED STATES PURSUANT TO TITLE IV OF THE HIGHER EDUCATION ACT OF 1965 UNTIL JULY 1, 2010. THE COMPANY ALSO PROVIDES COLLEGE AND CAREER COUNSELING SERVICES THROUGH THE STUDENT OUTREACH PROGRAM FOR STUDENTS IN ELEMENTARY, MIDDLE AND HIGH SCHOOL. THE COMPANY ALSO OFFERS SCHOLARSHIPS TO 4-YEAR PUBLIC AND PRIVATE POSTSECONDARY INSTITUTIONS THROUGHOUT THE STATE OF TENNEESSEE TO BE AWARDED TO STUDENTS BASED ON FINANCIAL NEED. FORM 990, PART VI, SECTION B, LINE 11: THE VP/CFO AND THE CHAIRMAN/CEO OF EDUCATIONAL FUNDING OF THE SOUTH, INC., REVIEW THE 990 PRIOR TO IT BEING FILED. A FINAL COPY OF THE 990 IS PROVIDED TO EACH BOARD MEMBER PRIOR TO IT BEING FILED. FORM 990, PART VI, SECTION B, LINE 12C: ALL EMPLOYEES OF EDUCATIONAL FUNDING OF THE SOUTH, INC., ARE REQUIRED TO SIGN A CONFLICT OF INTEREST STATEMENT EACH YEAR STATING THAT THERE ARE NO DUTIES OR RESPONSIBILITIES THAT ARE MUTUALLY INCOMPATIBLE OR THAT THERE ARE NO DIRECT OR INDIRECT FINANCIAL INTERESTS. IF A POTENTIAL ACTIVITY IS IN QUESTION OR AN EMPLOYEE IN DOUBT, THEY SHOULD DISCUSS WITH THEIR MANAGER, THE PRESIDENT, OR CHAIRMAN OF THE BOARD. IF THE BOARD OF DIRECTORS HAS REASONABLE CAUSE TO BELIEVE THAT A DIRECTOR, OFFICER, OR AN EMPLOYEE HAS FAILED TO DISCLOSE AN ACTUAL OR A POSSIBLE CONFLICT OF INTEREST, IT SHALL INFORM THE DIRECTOR OR OFFICER OF THE BASIS FOR SUCH BELIEF AND AFFORD THE DIRECTOR, OFFICER, OR EMPLOYEE AN OPPORTUNITY TO EXPLAIN THE ALLEGED FAILURE TO DISCLOSE. IF IT IS DETERMINED THAT THE DIRECTOR, OFFICER, OR EMPLOYEE HAS IN FACT FAILED TO DISCLOSE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, THE BOARD OF DIRECTORS SHALL CONSIDER APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION. IF A CONFLICT IS FOUND TO EXIST OR OTHERWISE DISCLOSED, THE RELEVANT BOARD MEMBER IS PRECLUDED FROM VOTING AND PROHIBITED FROM INFLUENCING THE VOTE ON ANY MATTER TO WHICH THE CONFLICT RELATES. FORM 990, PART VI, SECTION B, LINE 15A: THE PROCESS FOR DETERMINING COMPENSATION FOR CEO AND PRESIDENT BEGAN IN 2006. THE BOARD OF DIRECTORS USES OUTSIDE CONSULTANTS IN DETERMINING THE COMPENSATION FOR THE ABOVE POSITION BY COMPARING COMPENSATION PAID TO OTHER COMPARABLY-SIZED NON-PROFITS. A COMPENSATION COMMITTEE COMPRISED OF INDEPENDENT MEMBERS OF THE BOARD OF DIRECTORS USES THE COMPENSATION INFORMATION FROM OUTSIDE CONSULTANTS IN DETERMINING THE COMPENSATION. THERE IS AN ANNUAL REVIEW OF COMPENSATION BY THE COMMITTEE. EXECUTIVE MANAGEMENT ALSO EVALUATES THE PERFORMANCE OF OTHER OFFICERS AND KEY EMPLOYEES IN CONNECTION WITH MARKET FACTORS TO ADJUST COMPENSATION. EFS FOLLOWED THIS POLICY FOR THE YEAR. FORM 990, PART VI, SECTION C, LINE 19: EDUCATIONAL FUNDING OF THE SOUTH, INC., PROVIDES COPIES OF ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS UPON REQUEST AT ITS KNOXVILLE, TENNESSEE LOCATION. EFS VOLUNTEER LLC 501 CORPORATE CENTRE DRIVE FRANKLIN TN 37067 STUDENT LOANS DE 1836000 70456000 EFS INC EFS VOLUNTEER NO 2 LLC 501 CORPORATE CENTRE DRIVE FRANKLIN TN 37067 STUDENT LOANS DE 1122000 253097000 EFS INC EFS VOLUNTEER NO 3 LLC 501 CORPORATE CENTRE DRIVE FRANKLIN TN 37067 STUDENT LOANS DE 3015000 188887000 EFS INC EFS SERVICING 501 CORPORATE CENTRE DRIVE FRANKLIN TN 37067 450678183 INACTIVE TN UND TN LAW EFS INC false false false false false false false false false false false false false false false false false false false false