CONNECTICUT STUDENT LOAN FOUNDTION: Form 990, tax year 2017

View the entire original 990 at ProPublica ↗

Organization
CONNECTICUT STUDENT LOAN FOUNDTION (EIN 06-0812178)
Tax period
2017-07-01 to 2018-06-30
Filed
2018-11-14
IRS object ID
201803189349302175
Schema version
2017v2.3
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2018-11-14T09:09:29-06:00ReturnTs
Tax Period End2018-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN221478099PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1COHNREZNICK LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1350 CHURCH STREET 12TH FLOORAddressLine1Txt
CityHARTFORDCityNm
State AbbreviationCTStateAbbreviationCd
ZIP06103ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2017-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN060812178EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1CONNECTICUT STUDENT LOAN FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlCONNBusinessNameControlTxt
Phone8607618418PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line110 COLUMBUS BLVD 7TH FLOORAddressLine1Txt
CityHARTFORDCityNm
State AbbreviationCTStateAbbreviationCd
ZIP061061978ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonJEANETTE WELDONPersonNm
Person TitleEXECUTIVE DIRECTORPersonTitleTxt
Phone8607618418PhoneNum
Signature2018-09-26SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonKIMBERLY NARDONEPreparerPersonNm
PTINP01058771PTIN
Phone9592007000PhoneNum
Preparation2018-09-20PreparationDt

Filing Security Information FilingSecurityInformation

IP Address IPAddress

FieldValueIRS element (for citing)
I Pv4 Address209.3.217.20IPv4AddressTxt
FieldValueIRS element (for citing)
IP2018-09-26IPDt
IP Tm12:48:23IPTm
IP TimezoneEDIPTimezoneCd
Filing License TypePFilingLicenseTypeCd
At Submission Creation Device IdDA39A3EE5E6B4B0D3255BFEF95601890AFD80709AtSubmissionCreationDeviceId
At Submission Filing Device Id896C1F5B5D42EC59A37A0D46A5820AA48C1A79EDAtSubmissionFilingDeviceId
FieldValueIRS element (for citing)
Tax2017TaxYr
Build TS2019-02-21 02:37:17ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Address ChangeYes (X)AddressChangeInd
Principal OfficerJEANETTE WELDONPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line110 COLUMBUS BLVD 7TH FLOORAddressLine1Txt
CityHARTFORDCityNm
State AbbreviationCTStateAbbreviationCd
ZIP061061978ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$10,778,706GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.CSLF.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1967FormationYr
Legal Domicile StateCTLegalDomicileStateCd
Activity Or MissionTO IMPROVE EDUCATIONAL OPPORTUNITY AND PROMOTE REPAYMENT OF LOANS INCLUDING PROVIDING APPROPRIATE SERVICES INCIDENT TO THE ADMINISTRATION OF PROGRAMS WHICH ARE ESTABLISHED TO IMPROVE EDUCATIONAL OPPORTUNITIES.ActivityOrMissionDesc
Voting Members Governing Body8VotingMembersGoverningBodyCnt
Voting Members Independent7VotingMembersIndependentCnt
Total Employee1TotalEmployeeCnt
Total Volunteers0TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$0PYContributionsGrantsAmt
CY Contributions Grants$0CYContributionsGrantsAmt
PY Program Service Revenue$10,412,030PYProgramServiceRevenueAmt
CY Program Service Revenue$10,681,510CYProgramServiceRevenueAmt
PY Investment Income$36,662PYInvestmentIncomeAmt
CY Investment Income$97,196CYInvestmentIncomeAmt
PY Other Revenue$0PYOtherRevenueAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$10,448,692PYTotalRevenueAmt
CY Total Revenue$10,778,706CYTotalRevenueAmt
PY Grants And Similar Paid$2,000,000PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$4,000,000CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$0PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$0CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$7,861,045PYOtherExpensesAmt
CY Other Expenses$8,601,297CYOtherExpensesAmt
PY Total Expenses$9,861,045PYTotalExpensesAmt
CY Total Expenses$12,601,297CYTotalExpensesAmt
PY Revenues Less Expenses$587,647PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$1,822,591CYRevenuesLessExpensesAmt
Total Assets BOY$258,718,720TotalAssetsBOYAmt
Total Assets EOY$226,083,873TotalAssetsEOYAmt
Total Liabilities BOY$232,905,438TotalLiabilitiesBOYAmt
Total Liabilities EOY$202,093,182TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$25,813,282NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$23,990,691NetAssetsOrFundBalancesEOYAmt
MissionTO IMPROVE EDUCATIONAL OPPORTUNITY AND PROMOTE REPAYMENT OF LOANS INCLUDING PROVIDING APPROPRIATE SERVICES INCIDENT TO THE ADMINISTRATION OF PROGRAMS WHICH ARE ESTABLISHED TO IMPROVE EDUCATIONAL OPPORTUNITIES.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$8,175,198ExpenseAmt
Revenue$10,474,567RevenueAmt
DescSTUDENT LOAN MANAGEMENT AND INTEREST ON STUDENT LOANS RECEIVABLES.Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
Expense$4,000,000ExpenseAmt
Grant$4,000,000GrantAmt
DescCONTRIBUTIONS TO CT HIGHER EDUCATION SUPPLEMENTAL LOAN AUTHORITY (CHESLA) IN SUPPORT OF PROGRAMS TO IMPROVE EDUCATIONAL OPPORTUNITIES BY PROVIDING SCHOLARSHIPS AND REFINANCING OF EDUCATION LOANS.Desc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

FieldValueIRS element (for citing)
Revenue$206,943RevenueAmt
DescADMINISTRATIVE AGENT FEE AND INCIDENTAL EXPENSES ASSOCIATED WITH MANAGEMENT OF THE NOT FOR PROFIT SERVICING CONTRACT.Desc
FieldValueIRS element (for citing)
Total Program Service Expenses$12,175,198TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B Required0ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Temp Or Permanent Endowments0TempOrPermanentEndowmentsInd
Report Land Building Equipment0ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related InvstYes (1)ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 Footnote0IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt0IndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtYes (1)ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To OrganizationsYes (1)GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With Officer Ent0BusinessRlnWithOfficerEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related EntityYes (1)RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd OrgYes (1)TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document4IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee1EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members8GoverningBodyVotingMembersCnt
Independent Voting Member7IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesYes (1)DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board MembersYes (1)ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEO0CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldCTStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonJOANNE MACKEWICZPersonNm
Phone8607618418PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line110 COLUMBUS BLVD 7TH FLOORAddressLine1Txt
CityHARTFORDCityNm
State AbbreviationCTStateAbbreviationCd
ZIP061061978ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (12 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
DR PETER W LISI
CHAIRMAN0.502.00Yes (X)Yes (X)$0$0$0
ERIKA STEINER
DIRECTOR0.502.00Yes (X)$0$0$0
JEANETTE W WELDON
EXECUTIVE DIRECTOR5.0035.00Yes (X)Yes (X)$0$236,179$29,749
JULIE SAVINO
VICE CHAIRMAN0.502.00Yes (X)Yes (X)$0$0$0
MARTIN BUDD
DIRECTOR0.502.00Yes (X)$0$0$0
PAUL MOUNDS
DIRECTOR0.502.00Yes (X)$0$0$0
SARAH SANDERS
OUTGOING VICE CHAIRMAN0.502.00Yes (X)Yes (X)$0$0$0
SHEREE MAILHOT
DIRECTOR0.502.00Yes (X)$0$0$0
STEVEN KITOWICZ
DIRECTOR0.502.00Yes (X)$0$0$0
CYNTHIA D PEOPLES
MANAGING DIRECTOR0.1040.00Yes (X)$0$164,383$37,769
DENISE E AGUILERA
GENERAL COUNSEL2.0038.00Yes (X)$0$174,421$23,573
MICHAEL F MORRIS
MANAGING DIRECTOR0.1040.00Yes (X)$0$181,214$24,252
FieldValueIRS element (for citing)
Total Reportable Comp From Org$0TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$756,197TotReportableCompRltdOrgAmt
Total Other Compensation$115,343TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (2 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
EDFINANCIAL SERVICES LLC
298 NORTH SEVEN OAKS DRIVEKNOXVILLETN37922LOAN SERVICER$953,027
EDUCATION SOLUTION PARTNERS LLC
7271 ENGLE ROAD SUITE 101CLEVELANDOH44130ADMINISTRATIVE SERVICES$408,000
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K2CntrctRcvdGreaterThan100KCnt

Program Service Revenue ProgramServiceRevenueGrp (3 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
LOAN PORTFOLIO INTEREST900099$10,278,586$10,278,586
NOT FOR PROFIT SERVICING INCOME900099$206,943$206,943
LATE FEE INCOME900099$195,981$195,981
FieldValueIRS element (for citing)
Total Program Service Revenue$10,681,510TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$97,196TotalRevenueColumnAmt
Exclusion$97,196ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$10,778,706TotalRevenueColumnAmt
Related Or Exempt Func Income$10,681,510RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$97,196ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$4,000,000TotalAmt
Program Services$4,000,000ProgramServicesAmt

Fees For Services Management FeesForServicesManagementGrp

FieldValueIRS element (for citing)
Total$312,440TotalAmt
Management And General$312,440ManagementAndGeneralAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$10,535TotalAmt
Program Services$10,535ProgramServicesAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$36,120TotalAmt
Management And General$36,120ManagementAndGeneralAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$50,000TotalAmt
Management And General$50,000ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$551TotalAmt
Program Services$551ProgramServicesAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$6,510TotalAmt
Program Services$6,510ProgramServicesAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$1,982TotalAmt
Program Services$1,982ProgramServicesAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$510TotalAmt
Program Services$510ProgramServicesAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$5,625,640TotalAmt
Program Services$5,625,640ProgramServicesAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$27,539TotalAmt
Management And General$27,539ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmt
CONSOLIDATION FEE$1,429,576$1,429,576
LOAN SERVICE FEE$874,839$874,839
DEBT ISSUE COST$144,054$144,054
COLLECTION COSTS/FEES$80,386$80,386

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$615TotalAmt
Program Services$615ProgramServicesAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$12,601,297TotalAmt
Program Services$12,175,198ProgramServicesAmt
Management And General$426,099ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$598,287BOYAmt
EOY$891,204EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$9,623,414BOYAmt
EOY$9,073,077EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

FieldValueIRS element (for citing)
BOY$4,463,523BOYAmt
EOY$4,614,637EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$585BOYAmt
EOY$585EOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

FieldValueIRS element (for citing)
BOY$244,017,270BOYAmt
EOY$211,473,518EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$15,641BOYAmt
EOY$30,852EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$258,718,720BOYAmt
EOY$226,083,873EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$112,876BOYAmt
EOY$146,164EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$232,792,562BOYAmt
EOY$201,947,018EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$232,905,438BOYAmt
EOY$202,093,182EOYAmt
FieldValueIRS element (for citing)
Org Does Not Follow SFAS117Yes (X)OrgDoesNotFollowSFAS117Ind

Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp

FieldValueIRS element (for citing)
BOY$19,431,907BOYAmt
EOY$19,431,907EOYAmt

Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp

FieldValueIRS element (for citing)
BOY$6,381,375BOYAmt
EOY$4,558,784EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$25,813,282BOYAmt
EOY$23,990,691EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$258,718,720BOYAmt
EOY$226,083,873EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss-$1,822,591ReconcilationRevenueExpnssAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Info In Schedule O Part XIIYes (X)InfoInScheduleOPartXIIInd
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Consolidated Basis Fincl StmtYes (X)ConsolidatedBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Publicly Supported Org509a2Yes (X)PubliclySupportedOrg509a2Ind

Gross Receipts Admissions GrossReceiptsAdmissionsGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$17,256,158CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$9,359,652CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$10,925,004CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$10,351,752CurrentTaxYearMinus1YearAmt
Current Tax Year$10,681,510CurrentTaxYearAmt
Total$58,574,076TotalAmt

Total509 Total509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$17,256,158CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$9,359,652CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$10,925,004CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$10,351,752CurrentTaxYearMinus1YearAmt
Current Tax Year$10,681,510CurrentTaxYearAmt
Total$58,574,076TotalAmt

Amounts Rcvd Dsqlfy Person AmountsRcvdDsqlfyPersonGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Substantial Contributors Amt SubstantialContributorsAmtGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Subst And Dsqlfy Prsns Tot SubstAndDsqlfyPrsnsTotGrp

FieldValueIRS element (for citing)
Total$0TotalAmt
FieldValueIRS element (for citing)
Public Support Total509$58,574,076PublicSupportTotal509Amt

Gross Investment Income509 GrossInvestmentIncome509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$95,331CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$21,181CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$28,858CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$36,662CurrentTaxYearMinus1YearAmt
Current Tax Year$97,196CurrentTaxYearAmt
Total$279,228TotalAmt

Investment Income And UBTI InvestmentIncomeAndUBTIGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$95,331CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$21,181CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$28,858CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$36,662CurrentTaxYearMinus1YearAmt
Current Tax Year$97,196CurrentTaxYearAmt
Total$279,228TotalAmt

Other Income509 OtherIncome509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$8,832CurrentTaxYearMinus4YearsAmt
Total$8,832TotalAmt

Total Support Calendar Year TotalSupportCalendarYearGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$17,360,321CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$9,380,833CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$10,953,862CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$10,388,414CurrentTaxYearMinus1YearAmt
Current Tax Year$10,778,706CurrentTaxYearAmt
Total$58,862,136TotalAmt
FieldValueIRS element (for citing)
Public Support CY5090.99510PublicSupportCY509Pct
Public Support PY5090.99490PublicSupportPY509Pct
Investment Income CY0.00470InvestmentIncomeCYPct
Investment Income PY0.00370InvestmentIncomePYPct
Thirty Thr Pct Suprt Tests CY509Yes (X)ThirtyThrPctSuprtTestsCY509Ind

Form990 Schedule A Part VI Form990ScheduleAPartVIGrp

FieldValueIRS element (for citing)
Form And Line ReferenceSCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME:FormAndLineReferenceDesc
ExplanationOTHER REVENUE - 2013 AMOUNT: $ 8,832.ExplanationTxt

Schedule D IRS990ScheduleD

FieldValueIRS element (for citing)
Total Book Value Land Buildings$0TotalBookValueLandBuildingsAmt

Invst Program Related Org InvstProgramRelatedOrgGrp

FieldValueIRS element (for citing)
DescSTUDENT LOAN PORTFOLIODesc
Book Value$211,473,518BookValueAmt
Method ValuationCMethodValuationCd
FieldValueIRS element (for citing)
Total Book Value Program Rltd$211,473,518TotalBookValueProgramRltdAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (5 entries)

DescDescAmtAmt
BONDS PAYABLE$199,180,914
DUE TO DOE$436,723
OTHER PAYABLES$74,526
INTEREST PAYABLE$254,855
CURRENT LIABILITIES$2,000,000
FieldValueIRS element (for citing)
Total Liability$201,947,018TotalLiabilityAmt

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (1)GrantRecordsMaintainedInd

Recipient Table RecipientTable

Recipient Business Name RecipientBusinessName

FieldValueIRS element (for citing)
Business Name Line1CT HIGHER EDUCATION SUPPLEMENTAL LOAN AUTHORITYBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line110 COLUMBUS BLVDAddressLine1Txt
CityHARTFORDCityNm
State AbbreviationCTStateAbbreviationCd
ZIP06106ZIPCd
FieldValueIRS element (for citing)
IRC Section170(C)(1)IRCSectionDesc
Cash Grant$4,000,000CashGrantAmt
Purpose Of GrantSCHOLARSHIPS (2,000,000) REFINANCE PROGRAM (2,000,000)PurposeOfGrantTxt
FieldValueIRS element (for citing)
Total Other Org1TotalOtherOrgCnt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, LINE 2FormAndLineReferenceDesc
ExplanationAS THE BOARDS OF THE REPORTING AND RECEIVING ORGANIZATIONS ARE THE SAME, THE BOARD MONITORS THE USE OF FUNDS FOR THEIR INTENDED PURPOSES ON A ROUTINE BASIS THROUGH ATTENDANCE AT CHESLA BOARD MEETINGS AND REVIEW OF CHESLA'S FINANCIAL REPORTS.ExplanationTxt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Severance Payment0SeverancePaymentInd
Supplemental Nonqual Rtr Plan0SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org0CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs0CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org0CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs0CompBsdNetEarnsRltdOrgsInd
Any Non Fixed Payments0AnyNonFixedPaymentsInd
Initial Contract Exception0InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (4 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtCompensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmtBonus Filing OrganizationBonusFilingOrganizationAmountBonus Related OrganizationsBonusRelatedOrganizationsAmtOther Compensation Filing OrgOtherCompensationFilingOrgAmtOther Compensation Rltd OrgsOtherCompensationRltdOrgsAmtDeferred Compensation Flng OrgDeferredCompensationFlngOrgAmtDeferred Comp Rltd OrgsDeferredCompRltdOrgsAmtNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmtNontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmtTotal Compensation Rltd OrgsTotalCompensationRltdOrgsAmtComp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmtComp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
JEANETTE W WELDON
EXECUTIVE DIRECTOR$0$234,595$0$0$0$1,584$0$25,118$0$4,631$0$265,928$0$0
CYNTHIA D PEOPLES
MANAGING DIRECTOR$0$163,831$0$0$0$552$0$17,938$0$19,831$0$202,152$0$0
DENISE E AGUILERA
GENERAL COUNSEL$0$173,869$0$0$0$552$0$18,942$0$4,631$0$197,994$0$0
MICHAEL F MORRIS
MANAGING DIRECTOR$0$180,182$0$0$0$1,032$0$19,621$0$4,631$0$205,466$0$0

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, LINE 3FormAndLineReferenceDesc
ExplanationCOMPENSATION FOR THE EXECUTIVE DIRECTOR OF CSLF, AS ESTABLISHED BY CHEFA, IS A PORTION OF THE SUPPORT SERVICES EXPENSEExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (6 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 3CSLF CONTRACTED ALL ADMINISTRATION TO GOAL STRUCTURED SOLUTIONS.
FORM 990, PART VI, SECTION A, LINE 7ACSLF BOARD MEMBERS ARE APPOINTED BY STATUTE OR DESIGNATED BY THE CHEFA BOARD. CERTAIN STATUATORY BOARD MEMBERS ARE ELIGIBLE TO DESIGNATE ANOTHER INDIVIDUAL TO FILL THEIR POSITION.
FORM 990, PART VI, SECTION B, LINE 11BFORM 990 IS REVIEWED BY THE BOARD OF DIRECTORS PRIOR TO FILING THE RETURN.
FORM 990, PART VI, SECTION B, LINE 12CTHE CSLF BOARD OF DIRECTORS RECEIVES ANNUAL ETHICS TRAINING AND THE DIRECTORS AND AUTHORIZED OFFICERS FILE AN ANNUAL STATEMENT OF FINANCIAL INTERESTS WITH THE STATE OF CONNECTICUT OFFICE OF STATE ETHICS.
FORM 990, PART VI, SECTION C, LINE 19THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
FORM 990, PART XII, LINE 2CCHEFA HAS A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT. CSLF AUDIT IS PART OF CHEFA'S FINANCIAL STATEMENT AUDIT. THERE HAVE BEEN NO CHANGES TO THE ORGANIZATION'S OVERSIGHT OR SELECTION PROCESS DURING THE TAX YEAR.

Schedule R IRS990ScheduleR

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdExempt Code SectionExemptCodeSectionTxtControlled OrganizationControlledOrganizationIndBusiness Name Line1DirectControllingEntityName/BusinessNameLine1Txt
CONNECTICUT HEALTH AND EDUCATIONAL FACILITIES AUTHORITY (CHEFA)
10 COLUMBUS BLVDHARTFORDCT06106060806186CONDUIT ISSUER OF TAX EXEMPT BONDSCT170(C)(1)0
CONNECTICUT HIGHER EDUCATION SUPPLEMENTAL LOAN AUTHORITY
10 COLUMBUS BLVDHARTFORDCT06106061157755ISSUE TAX EXEMPT BONDS FOR STUDENT LOANSCT170(C)(1)0CHEFA
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts Rylts0ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth OrgYes (1)GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth Org0GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other Org0LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org0LoansOrGuaranteesFromOthOrgInd
Div Related Organization0DivRelatedOrganizationInd
Asset Sale To Other Org0AssetSaleToOtherOrgInd
Asset Purchase From Other Org0AssetPurchaseFromOtherOrgInd
Asset Exchange0AssetExchangeInd
Rental Of Facilities To Oth Org0RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org0RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth Org0PerformOfServicesForOthOrgInd
Perform Of Services By Other OrgYes (1)PerformOfServicesByOtherOrgInd
Sharing Of Facilities0SharingOfFacilitiesInd
Paid Employees Sharing0PaidEmployeesSharingInd
Reimbursement Paid To Other OrgYes (1)ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other Org0ReimbursementPaidByOtherOrgInd
Transfer To Other Org0TransferToOtherOrgInd
Transfer From Other Org0TransferFromOtherOrgInd

Transactions Related Org TransactionsRelatedOrgGrp (2 entries)

Transaction TypeTransactionTypeTxtInvolvedInvolvedAmtMethod Of Amount DeterminationMethodOfAmountDeterminationTxt
CHESLA
B$4,000,000ACTUAL
CHEFA
M$76,000ACTUAL

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