2017-11-14T11:05:32-06:00 2016-12-31 BDO USA LLP 421 FAYETTEVILLE ST STE 300 RALEIGH NC 27601 990 2016-01-01 621586836 Educational Services of America Inc % BILL THOMPSON EDUC 8658243051 12700 Kingston Pike Knoxville TN 37934 BILL THOMPSON CFO 8658243051 2017-11-14 true William M Owens P01435860 9197549370 2017-11-14 X 162.249.80.3 56906020173185000005 2017-11-14 P 94054B4C95E57A49C25252CF0B3A8131BF8CC5E6 94054B4C95E57A49C25252CF0B3A8131BF8CC5E6 2016 2017-02-10 21:41:12Z Edsouth Services JOHN ARNOLD 12700 Kingston Pike Knoxville TN 37934 137871262 false X www.edsouthservices.com X 1994 TN provides funding for educational loans and provides funding for student outreach programs for grades 6-12; grants for scholarships 8 5 41 0 0 0 0 140388214 113391313 8292402 6680838 13830051 17799111 162510667 137871262 455500 776850 0 0 6848240 4950956 0 0 0 124865017 107833989 132168757 113561795 30341910 24309467 2794746842 2105988187 2450756457 1737688335 343990385 368299852 PROVIDES FUNDING FOR EDUCATIONAL LOANS AND PROVIDES FUNDING FOR STUDENT OUTREACH PROGRAMS FOR GRADES 6-12; GRANTS FOR SCHOLARSHIPS. false false 107963264 490000 126017706 ESA is a fully operating charitable organization that provides liquidity for post secondary student loans. It also conducts and maintains charitable programs that provide students with the opportunity to obtain a post-secondary education, scholarship searches, grants for scholarships and financial literacy. 239635 2000 The student outreach program provides prospective and current students and their families resources and tools to assist with college and career planning. The program helps students and their families plan for the cost of higher education by explaining various options and sources for funding. 384037 284850 The grant/scholarship program provides scholarships to students who demonstrate, through an application process, academic achievement, financial need, and involvement in community services. During 2016, ESA funded grants that provided $284,850 in scholarships to 51 students. 108586936 true false false false false false false false false true true false false false true false true false false false false false false false false false true true true false false false false false false false false false false false false true true true true false false true 30 0 41 true false false false false false false false false false false X 8 5 false false false false false false false true true false false true true true true true true true true false X BILL THOMPSON 8658243051 12700 KINGSTON PIKE Knoxville TN 37934 X John Arnold President 20.0 0.0 X X X X 1334728 297822 15236 Leo Cooper Director 1.0 0.0 X 0 0 0 Dwight Kessel Director 1.0 0.0 X 0 0 0 Tommy Schumpert Director 15.0 0.0 X 90000 0 0 Bill Thompson CFO 20.0 0.0 X X X X 369524 283603 15286 John Griess Director 1.0 0.0 X 0 0 0 Jeff Smith Chief Compliance Officer 1.0 0.0 X 0 0 0 Bob Rosenbaum Director 1.0 0.0 X 0 0 0 Jeff Gibbs CIO 20.0 0.0 X X 170482 162084 27236 Eric Stewart Chief Compliance Officer 40.0 0.0 X X 245124 0 33786 Tildon Hood Chief Compliance Officer 20.0 0.0 X 108290 70000 16404 Barbara Thomas EVP 30.0 0.0 X X 195309 165575 0 Mike O'Donnell VP Finance 15.0 0.0 X X 29975 158574 22059 Eva Todd CHRO 40.0 0.0 X X 76852 77857 27671 Joe Littleton ISO 40.0 0.0 X 4773 4773 0 Darwin Jarman Facilities Manager 40.0 0.0 X 128621 0 10041 William Taylor Systems Admin 40.0 0.0 X 113213 0 6690 2866891 1220288 174409 8 false true false BDO USA LLP PO Box 642743 PITTSBURG PA 15264 AUDIT/TAX PREP 813424 American Education ServicesPHEAA PO Box 64849 BALTIMORE MD 21264 Loan Servicing 4855522 Bright Futures Financial 5100 78th Avenue N Ste 1 PINELLAS PARK FL 33781 CONSOLIDATIONS 2279355 Great Lakes PO Box 8970 MADISON WI 53708 Loan Servicing 1389333 Hatchett Fagan Direct Inc 950 22nd Street North Ste 700 BIRMINGHAM AL 35203 Marketing 654738 19 0 INTEREST & FEES ON STUDENT LOANS 522200 113391313 113391313 113391313 6680838 6680838 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 MISCELLANEOUS INCOME 900099 5172718 5172718 ADMINISTRATION FEES 900099 7339329 7339329 LOAN SERVICING FEES 900099 5287064 5287064 17799111 137871262 126017706 11853556 490000 490000 286850 286850 0 0 2720341 2679371 40970 0 1624889 709908 914981 107176 83597 23579 289108 225504 63604 209442 163365 46077 876941 541883 335058 104030 9079 94951 882704 0 882704 0 0 0 4082160 3184085 898075 872861 872861 0 101944 0 101944 539948 0 539948 0 840799 655823 184976 61215 47748 13467 0 16990 13252 3738 72508393 72508393 0 0 247369 183582 63787 178376 139133 39243 LOAN SERVICING & ADMIN FEES 22679194 22679194 0 OUTREACH COMMUNITY EDUCATION 237635 184915 52720 TRUSTEE FEES 185462 185462 0 LOAN LOSS RESERVE 431224 431224 0 2986744 2311707 675037 113561795 108586936 4974859 0 5662718 3036035 151184346 118679163 0 0 2487366367 1822995756 0 0 0 0 0 0 0 0 345656 353807 3731151 560747 2647773 3170404 0 0 87544887 107433116 0 0 0 0 59995095 50319906 2794746842 2105988187 191687051 14017938 0 0 0 0 0 0 0 0 0 0 2259069406 1723670397 0 0 0 0 2450756457 1737688335 X 343990385 368299852 0 0 0 0 343990385 368299852 2794746842 2105988187 24309467 X false true X true true true X 0 0 0 0 0 0 93931032 99775987 125144322 140388214 113391313 572630868 0 0 0 93931032 99775987 125144322 140388214 113391313 572630868 0 0 0 572630868 50038904 8875654 11243447 10726298 6680838 87565141 0 50038904 8875654 11243447 10726298 6680838 87565141 0 4548167 10019964 13341706 13475581 17799111 59184529 148518103 118671605 149729475 164590093 137871262 719380538 0.79601 0.82757 0.12172 0.13401 X false 0 0 0 0 2291541 190570 2100971 67882 46277 21605 1371729 323901 1047828 3170404 INVESTMENT IN SOUTHEAST BANCOR 107433116 F 107433116 0 0 X schedule d, part X, line 2 Accounting Standards Codification ("ASC") 740 (formerly Financial Accounting Standards Board ("FASB") issued Interpretation No. 48, Accounting for Uncertainty in Income Taxes - an Interpretation of FASB Statement No. 109) was adopted by the Company as of January 1, 2009. This interpretation clarifies the accounting for uncertainty in income taxes recognized in an enterprise's financial statements in accordance primarily with ASC 740. Under ASC 740, the impact of an uncertain income tax position on the income tax returns must be recognized at the largest amount that is more-likely-than-not to be required to be recognized upon audit by the relevant taking authority. ASC 740 also provides guidance on de-recognition, measurement, classification, interest and penalties, accounting for interim periods, and disclosure and transition issues with respect to tax positions. The Company did not have any significant uncertain tax positions as of December 31, 2016 and 2015. true The University of Tennessee-Knoxville 211 Student Serv Bldg Knoxville TN 37996 626001636 501(c)(3) 325000 Scholarships The University of Tennessee Foundation Ste 100 UT Conference Cntr Knoxville TN 37996 621844686 501(c)(3) 54000 Scholarships Cleveland State Community College PO Box 370 Cleveland TN 37320 620762876 Govt 6000 Education Assistance Junior Achievement of East Tennessee Inc 2135 N Charles G Seivers Blvd Clinton TN 37716 620810145 501(c)(3) 100000 Education Assistance Bryan College 721 Bryan Drive Dayton TN 37321 620528217 501(c)(3) 28000 Scholarships Chattanooga State Community College Foundation 4501 Amnicola Highway Chattanooga TN 37406 581311669 501(c)(3) 6000 Scholarships Cleveland State Foundation PO Box 3570 Cleveland TN 37230 620762876 Govt 6000 Scholarships Cookeville Higher Education Campus Foundation 1000 Neal Street Cookeville TN 38501 620818836 Govt 6100 Scholarships Lee University 1120 N Ocoee Street Cleveland TN 37311 620502739 501(c)(3) 28000 Scholarships Pellissippi State Foundation 10915 Hardin Valley Road Knoxville TN 37932 620938734 Govt 14000 Scholarships Southern Adventist University 5010 University Drive Collegedale TN 37315 620536733 Church 28000 Scholarships Tennessee Tech University 1000 North Dixie Avenue Cookeville TN 38501 620646806 Govt 52500 Scholarships Tennessee Weslyan College 104 E College St Athens TN 37303 620476661 501(c)(3) 28000 Scholarships UT Chattanooga Foundation 615 McCallie Avenue Chattanooga TN 37403 626001636 501(c)(3) 40000 Scholarships 14 X true true X X X false false false false false false false false false John Arnold President 655250 293867 660000 0 19478 3955 0 10000 5236 0 1339964 307822 740 23000 Bill Thompson CFO 278698 276979 80000 0 10826 6624 0 7500 7786 0 377310 291103 0 18000 Jeff Gibbs CIO 121243 119584 42500 42500 6739 0 9413 8587 9236 0 189131 170671 4593 4131 Eric Stewart COO 209615 0 28000 0 7509 0 24000 0 9786 0 278910 0 25000 0 Tildon Hood Chief Compliance Officer 96000 64000 9000 6000 3290 0 5250 3500 7654 0 121194 73500 200 0 Barbara Thomas EVP 107709 121458 87600 42400 0 1717 0 0 0 0 195309 165575 0 0 Mike O'Donnell VP Finance 24375 127292 5600 29400 0 1882 4005 13995 0 4059 33980 176628 0 0 Eva Todd CHRO 63932 63932 12500 12500 420 1425 12920 11080 0 3671 89772 92608 0 0 part vi, section b, line 11b The form 990 is reviewed by the cfo and ceo of esa prior to being filed with the irs and a final copy of the 990 is provided to each board member prior to it being filed. part vi, section b, line 12c all employees 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 department 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 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 is otherwise disclosed, the relevant board member is precluded from voting and prohibited from influencing the vote on any matter to which the conflict relates. part vi, section b, line 15a & 15b the board of directors uses outside independent consultants in determining the compensation for the executive officer. the board of directors also uses an independent consultant to determine appropriate levels of compensation for the board members. a compensation committee comprised of independent members of the board of directors uses the compensation information from outside consultants in determining compensation. The full board then receives a report from the compensation committee and approves or amends compensation based on this report. executive management also evaluates performance of other officers and key employees in connection with market factors to adjust compensation which is determined based on a comparison of the regional salary levels and following an evaluation by the ceo during the previous year. part vi, section c, line 19 esa provides copies of its governing documents, conflict of interest policy, and financial statements upon request at our office location. 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