2018-08-10T13:38:50-05:00 2017-09-30 BDO USA LLP 8401 GREENSBORO DRIVE 800 MCLEAN VA 22102 990 2016-10-01 581757969 Educational Funding of the South Inc % KEN MANN EDUC 6157718505 501 CORPORATE CENTRE DRIVE FRANKLIN TN 37067 RON GAMBILL CHAIRMAN/CEO 8658243054 2018-08-07 true Marc Berger P01871563 7038930600 2018-08-07 2016 2022-09-23 18:48:47Z RON GAMBILL 12700 KINGSTON PIKE FARRAGUT TN 37934 63222189 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 12 0 0 0 0 73116684 60507592 2351452 2086353 710153 628244 76178289 63222189 241500 215500 0 0 1735493 1822055 0 0 0 71064716 59186616 73041709 61224171 3136580 1998018 1574476255 1305226561 1381913451 1110665739 192562804 194560822 X SEE SCHEDULE O Financial Literacy Services, and Need-Based Scholarships false false 55964782 60507592 ACQUISITION OF STUDENT LOANS MADE TO STUDENTS AND PARENTS PURSUANT TO TITLE IV OF THE HIGHER EDUCATION ACT OF 1965, AS AMENDED. NO LOANS WERE ACQUIRED DURING TAX YEAR 2017. 1575551 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. 213500 VOLUNTEER STATE STUDENT ASSISTANCE SCHOLARSHIPS ARE OFFERED TO STUDENTS BASED ON FINANCIAL NEED IN POST SECONDARY EDUCATION AT 4 YEAR PUBLIC COLLEGES AND PRIVATE COLLEGES THROUGHOUT THE STATE OF TENNESSEE. 57753833 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 false true true false false false false false false false false false false false false true true false false false true 16 0 true 12 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 771285 0 29011 JOHN MAYS DIRECTOR 1.0 0.0 X 22500 0 0 MIKE RAGSDALE DIRECTOR 1.0 0.0 X 22500 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 163989 0 14947 1023274 0 43958 2 false true false Educational Servicing of America I 12700 Kingston Pike KNOXVILLE TN 37934 Administration 4074790 AES 1200 NORTH SEVENTH STREET HARRISBURG PA 17102 LOAN SERVICING 3441768 Kuder Inc 302 Visions Parkway ADEL IA 50003 Student Outreach 300000 BDO USA LLP 421 Fayetteville Street Suite 300 RALEIGH NC 27601 AUDIT SERVICES 277477 EverFi Inc 3299 K Street NW 4th Floor WASHINGTON DC 20007 Student Outreach 130000 8 0 BORROWER INTEREST 525990 60507592 60507592 60507592 802955 802955 0 0 0 0 0 1283398 1283398 1283398 1283398 0 0 0 0 0 0 0 0 0 MISCELLANEOUS 525990 628244 628244 628244 63222189 60507592 2714597 0 215500 215500 0 0 1588470 1270776 317694 0 0 60810 48648 12162 0 101329 81063 20266 71446 57157 14289 6145984 3687590 2458394 8975 7180 1795 134130 134130 0 0 136004 108803 27201 0 57150 45720 11430 17337 13870 3467 110292 88234 22058 0 128080 102464 25616 77338 61870 15468 0 26167 20934 5233 26910757 26910757 0 852812 682250 170562 53525 42820 10705 LARS 12861929 12861929 CONSOLIDATION REBATE FEES 10566793 10566793 MISCELLANEOUS 1099343 879475 219868 61224171 57753833 3470338 0 0 0 66746079 53424779 0 0 29534147 26581674 0 0 0 0 1450756675 1201493593 0 0 468737 83896 663277 219347 275100 443930 25033283 16583887 0 0 0 0 0 4722222 1662234 1892580 1574476255 1305226561 7072162 5703490 0 0 0 0 0 0 0 0 0 0 1374841289 1104962249 0 0 0 0 1381913451 1110665739 X 192562804 194560822 0 0 0 0 192562804 194560822 1574476255 1305226561 1998018 X X false true X true true true X 0 0 0 0 0 0 114904092 100059008 84225414 73116684 60507592 432812790 0 0 0 114904092 100059008 84225414 73116684 60507592 432812790 0 0 0 432812790 285093 401779 277821 794792 802955 2562440 0 285093 401779 277821 794792 802955 2562440 0 286027 711685 581734 710153 628244 2917843 115475212 101172472 85084969 74621629 61938791 438293073 0.98750 0.95565 0.00585 0.03739 X 32500 32500 168258 703 167555 211680 31076 180604 17973 17664 309 232866 169904 62962 443930 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, 2017 AND 2016 AND DETERMINED THERE WERE NO UNCERTAIN TAX POSITIONS THAT WOULD HAVE A MATERIAL IMPACT ON THE COMPANY'S CONSOLIDATED FINANCIAL STATEMENTS. true scholarships 57 215500 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. During the fiscal year 2017, EFS funded scholarships that provided $215,500 to 57 students. 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 56285 0 18000 0 11011 0 800296 0 0 0 KEN MANN CFO 155737 0 0 0 8252 0 8162 0 6785 0 178936 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 AWARDS SCHOLARSHIPS TO STUDENTS IN NEED FOR PUBLIC AND PRIVATE SCHOOLS IN THE STATE OF TENNESSEE. 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 1810678 83320607 EFS INC EFS VOLUNTEER NO 2 LLC 501 CORPORATE CENTRE DRIVE FRANKLIN TN 37067 STUDENT LOANS DE 1428320 298132873 EFS INC EFS VOLUNTEER NO 3 LLC 501 CORPORATE CENTRE DRIVE FRANKLIN TN 37067 STUDENT LOANS DE 3085034 229306344 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