UNITED STUDENT AID FUNDS INC: Form 990, tax year 2015
View the entire original 990 at ProPublica ↗
- Organization
- UNITED STUDENT AID FUNDS INC (EIN 94-6050341)
- Tax period
- 2015-10-01 to 2016-09-30
- Filed
- 2017-08-04
- IRS object ID
- 201722169349300927
- Schema version
- 2015v3.0
- 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
- Form 990
- Schedule A
- Schedule C
- Schedule D
- Schedule F
- Schedule I
- Schedule J
- Schedule N
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2017-08-04T15:57:39-05:00 | ReturnTs |
| Tax Period End | 2016-09-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 861065772 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | DELOITTE TAX LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 111 MONUMENT CIRCLE SUITE 4200 | AddressLine1Txt |
| City | INDIANAPOLIS | CityNm |
| State Abbreviation | IN | StateAbbreviationCd |
| ZIP | 462045108 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2015-10-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 946050341 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | UNITED STUDENT AID FUNDS INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | UNIT | BusinessNameControlTxt |
| Phone | 3178061231 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 9998 CROSSPOINT BLVD NO 400 | AddressLine1Txt |
| City | INDIANAPOLIS | CityNm |
| State Abbreviation | IN | StateAbbreviationCd |
| ZIP | 462563307 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | STEPHEN C HAM | PersonNm |
| Person Title | EVP & CFO | PersonTitleTxt |
| Phone | 3178061231 | PhoneNum |
| Signature | 2017-08-04 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | SHAWNA M JIMENEZ | PreparerPersonNm |
| PTIN | P01222873 | PTIN |
| Phone | 3174648600 | PhoneNum |
| Preparation | 2017-07-27 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2015 | TaxYr |
| Build TS | 2021-01-29 14:40:06Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | WILLIAM HANSEN | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 9998 CROSSPOINT BLVD NO 400 | AddressLine1Txt |
| City | INDIANAPOLIS | CityNm |
| State Abbreviation | IN | StateAbbreviationCd |
| ZIP | 462563307 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $615,394,047 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.LOANSOLUTIONS.USAFUNDS.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1960 | FormationYr |
| Legal Domicile State | DE | LegalDomicileStateCd |
| Activity Or Mission | TO ENHANCE POSTSECONDARY EDUCATION PREPAREDNESS, ACCESS AND SUCCESS | ActivityOrMissionDesc |
| Contract Termination | Yes (X) | ContractTerminationInd |
| Voting Members Governing Body | 12 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 11 | VotingMembersIndependentCnt |
| Total Employee | 157 | TotalEmployeeCnt |
| Total Volunteers | 0 | TotalVolunteersCnt |
| Total Gross UBI | -$4,643,771 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | -$4,940,278 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $0 | PYContributionsGrantsAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $451,734,048 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $331,228,549 | CYProgramServiceRevenueAmt |
| PY Investment Income | $92,139,112 | PYInvestmentIncomeAmt |
| CY Investment Income | $23,596,080 | CYInvestmentIncomeAmt |
| PY Other Revenue | $0 | PYOtherRevenueAmt |
| CY Other Revenue | $0 | CYOtherRevenueAmt |
| PY Total Revenue | $543,873,160 | PYTotalRevenueAmt |
| CY Total Revenue | $354,824,629 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $24,583,684 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $30,328,783 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $27,105,022 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $13,731,689 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $320,787,017 | PYOtherExpensesAmt |
| CY Other Expenses | $240,756,946 | CYOtherExpensesAmt |
| PY Total Expenses | $372,475,723 | PYTotalExpensesAmt |
| CY Total Expenses | $284,817,418 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $171,397,437 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $70,007,211 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $1,353,187,938 | TotalAssetsBOYAmt |
| Total Assets EOY | $1,126,675,694 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $279,818,814 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $252,061,077 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $1,073,369,124 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $874,614,617 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | UNITED STUDENT AID FUNDS, INC.'S MISSION IS TO ENHANCE POSTSECONDARY EDUCATION PREPAREDNESS, ACCESS AND SUCCESS BY PROVIDING AND SUPPORTING FINANCIAL AND OTHER VALUED SERVICES. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $18,763,300 | ExpenseAmt |
| Revenue | $31,275,167 | RevenueAmt |
| Desc | GUARANTEE SERVICES - UNITED STUDENT AID FUNDS, INC. MAINTAINS A PORTFOLIO OF OVER $46.6 BILLION IN OUTSTANDING EDUCATIONAL LOAN GUARANTEE IN ACCORDANCE WITH THE HIGHER EDUCATION ACT OF 1965, AS AMENDED. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $3,349,312 | ExpenseAmt |
| Revenue | $2,771,900 | RevenueAmt |
| Desc | DEFAULT AVERSION - UNITED STUDENT AID FUNDS, INC. WORKED WITH BORROWERS AND SUCCESSFULLY AVERTED DEFAULTS ON OVER $16.4 BILLION OF DELINQUENT EDUCATIONAL LOANS REPORTED BY LENDERS IN THE CURRENT YEAR. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $187,466,366 | ExpenseAmt |
| Revenue | $241,866,706 | RevenueAmt |
| Desc | COLLECTION ON DEFAULTED LOANS - UNITED STUDENT AID FUNDS, INC. SUCCESSFULLY COLLECTED OVER $1.6 BILLION ON DEFAULTED EDUCATIONAL LOANS IN THE CURRENT YEAR. | Desc |
Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $44,399,979 | ExpenseAmt |
| Grant | $30,328,783 | GrantAmt |
| Revenue | $55,314,776 | RevenueAmt |
| Desc | INCLUDES OTHER GUARANTOR REVENUES, AS DEFINED BY THE US HIGHER EDUCATION ACT AND ADMINISTRATIVE FEES CHARGED TO RELATED TAX EXEMPT ORGANIZATIONS. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Prog Srvc Expense | $44,399,979 | TotalOtherProgSrvcExpenseAmt |
| Total Other Prog Srvc Grant | $30,328,783 | TotalOtherProgSrvcGrantAmt |
| Total Other Prog Srvc Revenue | $55,314,776 | TotalOtherProgSrvcRevenueAmt |
| Total Program Service Expenses | $253,978,957 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | 0 | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | Yes (1) | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | Yes (1) | CreditCounselingInd |
| Temp Or Permanent Endowments | 0 | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | Yes (1) | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | Yes (1) | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (1) | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | Yes (1) | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | Yes (1) | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | 0 | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | Yes (1) | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (1) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | Yes (1) | TransactionWithControlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 106 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 157 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 12 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 11 | IndependentVotingMemberCnt |
| Family Or Business Rln | Yes (1) | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (1) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (1) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | Yes (1) | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | 0 | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | 0 | CompensationProcessCEOInd |
| Compensation Process Other | 0 | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | AZ | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | CA | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | IL | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | IN | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | OR | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | DEBORAH L MCCLOUD | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 3178061231 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 9998 CROSSPOINT BLVD STE 400 | AddressLine1Txt |
| City | INDIANAPOLIS | CityNm |
| State Abbreviation | IN | StateAbbreviationCd |
| ZIP | 462563307 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (33 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | OfficerOfficerInd | Key EmployeeKeyEmployeeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd | Former Ofcr Director TrusteeFormerOfcrDirectorTrusteeInd |
|---|---|---|---|---|---|---|---|---|---|---|
| EDWARD SCHMIDT | ||||||||||
| BOARD MEMBER | 2.00 | 5.00 | Yes (X) | $70,775 | $0 | $0 | ||||
| ERNEST NEWBORN II | ||||||||||
| BOARD MEMBER | 2.00 | 6.00 | Yes (X) | $65,750 | $0 | $0 | ||||
| WILLIAM NEALE | ||||||||||
| BOARD MEMBER | 1.00 | 5.00 | Yes (X) | $62,257 | $0 | $0 | ||||
| ILENE NAGEL | ||||||||||
| BOARD MEMBER | 2.00 | 5.00 | Yes (X) | $66,750 | $0 | $0 | ||||
| ERIK MORENO | ||||||||||
| BOARD MEMBER | 2.00 | 5.00 | Yes (X) | $66,750 | $0 | $0 | ||||
| MICHAEL KING | ||||||||||
| BOARD MEMBER | 1.00 | 5.00 | Yes (X) | $61,750 | $0 | $0 | ||||
| MARSHALL GRIGSBY | ||||||||||
| BOARD MEMBER | 2.00 | 5.00 | Yes (X) | $68,730 | $0 | $0 | ||||
| BLAKE DEVITT | ||||||||||
| BOARD MEMBER | 2.00 | 5.00 | Yes (X) | $69,700 | $0 | $0 | ||||
| MARLENE COULIS | ||||||||||
| BOARD MEMBER | 1.00 | 5.00 | Yes (X) | $61,750 | $0 | $0 | ||||
| REV WILLIAM BEAUCHAMP | ||||||||||
| BOARD MEMBER | 1.00 | 6.00 | Yes (X) | $64,250 | $0 | $0 | ||||
| IKE BATALIS | ||||||||||
| CHAIRMAN | 2.00 | 7.00 | Yes (X) | $80,775 | $0 | $0 | ||||
| WILLIAM HANSEN | ||||||||||
| PRESIDENT & CEO | 12.00 | 35.00 | Yes (X) | $879,954 | $0 | $124,479 | Yes (X) | |||
| DAVID SHANE | ||||||||||
| EVP & COO THRU 6/3/16 | 11.00 | 31.00 | $326,602 | $0 | $1,593 | Yes (X) | ||||
| MARK PELESH | ||||||||||
| EVP CORP & BUS DEV | 11.00 | 33.00 | $425,548 | $0 | $90,514 | Yes (X) | ||||
| SHITAL PATEL | ||||||||||
| CIO | 11.00 | 30.00 | $51,457 | $0 | $4,274 | Yes (X) | ||||
| LARRY LUTZ | ||||||||||
| SVP STUDENT FIN PROG | 11.00 | 33.00 | $359,304 | $0 | $73,590 | Yes (X) | ||||
| STEPHEN C HAM | ||||||||||
| EVP & CFO | 11.00 | 33.00 | $432,592 | $0 | $88,855 | Yes (X) | ||||
| ALISON GRIFFIN | ||||||||||
| SVP EXTERNAL & GOVT REL | 11.00 | 31.00 | $231,593 | $0 | $26,511 | Yes (X) | ||||
| SCOTT FLEMING | ||||||||||
| SR VP, STRATEGY & CORP DEV | 11.00 | 30.00 | $187,165 | $0 | $18,326 | Yes (X) | ||||
| THOMAS DAWSON | ||||||||||
| SVP & COO | 11.00 | 32.00 | $178,892 | $0 | $3,476 | Yes (X) | ||||
| CAROL D'AMICO | ||||||||||
| EVP NAT ENG & MISS ADV | 10.00 | 33.00 | $378,758 | $0 | $67,447 | Yes (X) | ||||
| CRAIG P ANDERSON | ||||||||||
| SVP BUS DEV | 11.00 | 30.00 | $340,752 | $0 | $69,982 | Yes (X) | ||||
| DAVID B BOODT | ||||||||||
| EVP & GEN COUNSEL | 11.00 | 33.00 | $387,522 | $0 | $81,363 | Yes (X) | ||||
| DEBORAH MCCLOUD | ||||||||||
| VP & CONTROLLER | 30.00 | 0.00 | $192,878 | $0 | $53,726 | Yes (X) | ||||
| LEONARD GURIN | ||||||||||
| VP CASH & INVESTMENTS | 40.00 | 0.00 | $200,564 | $0 | $54,352 | Yes (X) | ||||
| MILAN D TESANOVICH | ||||||||||
| FORMER DIR INFO MGMT THRU 12/31/15 | 40.00 | 0.00 | $194,072 | $0 | $59,024 | Yes (X) | ||||
| CEBRA GRAVES | ||||||||||
| VP, RESEARCH PLAN & INSIGHTS | 40.00 | 0.00 | $220,722 | $0 | $54,369 | Yes (X) | ||||
| VERNETTA FAIRLEY | ||||||||||
| DIR, SPECIAL PROGRAMS THRU 10/31/15 | 40.00 | 0.00 | $200,432 | $0 | $39,340 | Yes (X) | ||||
| JONI M ANDERSON | ||||||||||
| VP & SR CORP COUNSEL | 35.00 | 5.00 | $196,747 | $0 | $50,337 | Yes (X) | ||||
| ANNE CALVERT | ||||||||||
| VP FINANCIAL ANALYSIS | 40.00 | 0.00 | $191,633 | $0 | $50,873 | Yes (X) | ||||
| ROBERT BALLARD | ||||||||||
| FORMER OFFICER | 0.00 | 0.00 | $619,754 | $0 | $0 | Yes (X) | ||||
| GREGORY AYERS | ||||||||||
| FORMER OFFICER | 0.00 | 0.00 | $559,924 | $0 | $0 | Yes (X) | ||||
| KAREN L DEVILLA | ||||||||||
| FORMER HIGHEST COMPENSATED EMPLOYEE | 0.00 | 0.00 | $200,936 | $0 | $29,076 | Yes (X) | ||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $7,697,038 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $1,041,507 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 74 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | Yes (1) | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| NAVIENT | |||||
| 11100 USA PARKWAY | FISHERS | IN | 46038 | GUARANTOR SERVICES | $155,162,156 |
| MORGAN LEWIS & BROCKUS | |||||
| 1800 M STREET NW | WASHINGTON | DC | 200365869 | LEGAL FEES | $756,317 |
| LANDMARK MEDIA ENTERPRISES LLC | |||||
| 150 WEST BRAMBLETON AVENUE | NORFOLK | VA | 235102075 | DATA HOSTING | $712,209 |
| KELLY SERVICES INC | |||||
| 1212 SOLUTIONS CENTER | CHICAGO | IL | 606771002 | CONTRACTOR SERVICES | $547,685 |
| ERNST & YOUNG | |||||
| 111 MONUMENT CIR 2600 | INDIANAPOLIS | IN | 46204 | ACCOUNTING & AUDIT SERVICES | $517,888 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 29 | CntrctRcvdGreaterThan100KCnt |
Program Service Revenue ProgramServiceRevenueGrp (4 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| COLLECTIONS ON DEFAULT | 611710 | $241,866,706 | $241,866,706 |
| ADMINISTRATIVE FEES | 611710 | $55,314,776 | $55,314,776 |
| GUARANTEE SERVICES | 611710 | $31,275,167 | $31,275,167 |
| DEFAULT AVERSION FEES | 611710 | $2,771,900 | $2,771,900 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $331,228,549 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $14,067,896 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | -$4,643,771 | UnrelatedBusinessRevenueAmt |
| Exclusion | $18,711,667 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $270,097,602 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $260,569,418 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $9,528,184 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $9,528,184 | TotalRevenueColumnAmt |
| Exclusion | $9,528,184 | ExclusionAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $354,824,629 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $331,228,549 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | -$4,643,771 | UnrelatedBusinessRevenueAmt |
| Exclusion | $28,239,851 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $30,328,783 | TotalAmt |
| Program Services | $30,328,783 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,762,444 | TotalAmt |
| Management And General | $2,762,444 | ManagementAndGeneralAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $8,983,410 | TotalAmt |
| Program Services | $5,996,460 | ProgramServicesAmt |
| Management And General | $2,986,950 | ManagementAndGeneralAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $140,849 | TotalAmt |
| Program Services | $14,979 | ProgramServicesAmt |
| Management And General | $125,870 | ManagementAndGeneralAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,157,505 | TotalAmt |
| Program Services | $370,750 | ProgramServicesAmt |
| Management And General | $786,755 | ManagementAndGeneralAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $687,481 | TotalAmt |
| Program Services | $285,956 | ProgramServicesAmt |
| Management And General | $401,525 | ManagementAndGeneralAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $388,513 | TotalAmt |
| Program Services | $57,688 | ProgramServicesAmt |
| Management And General | $330,825 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $356,794 | TotalAmt |
| Management And General | $356,794 | ManagementAndGeneralAmt |
Fees For Services Lobbying FeesForServicesLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $193,262 | TotalAmt |
| Management And General | $193,262 | ManagementAndGeneralAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,098,983 | TotalAmt |
| Management And General | $2,098,983 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $22,564,186 | TotalAmt |
| Program Services | $4,817,668 | ProgramServicesAmt |
| Management And General | $17,746,518 | ManagementAndGeneralAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $393,871 | TotalAmt |
| Program Services | $39,247 | ProgramServicesAmt |
| Management And General | $354,624 | ManagementAndGeneralAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $44,244 | TotalAmt |
| Program Services | $10,975 | ProgramServicesAmt |
| Management And General | $33,269 | ManagementAndGeneralAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,247,350 | TotalAmt |
| Program Services | $2,357,843 | ProgramServicesAmt |
| Management And General | $889,507 | ManagementAndGeneralAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $284,017 | TotalAmt |
| Management And General | $284,017 | ManagementAndGeneralAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $480,981 | TotalAmt |
| Program Services | $24,679 | ProgramServicesAmt |
| Management And General | $456,302 | ManagementAndGeneralAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $391,460 | TotalAmt |
| Program Services | $2,825 | ProgramServicesAmt |
| Management And General | $388,635 | ManagementAndGeneralAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $717 | TotalAmt |
| Management And General | $717 | ManagementAndGeneralAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $92,202 | TotalAmt |
| Program Services | $225 | ProgramServicesAmt |
| Management And General | $91,977 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $102,772 | TotalAmt |
| Management And General | $102,772 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt |
|---|---|---|---|
| COLLECTION EXPENSE | $187,466,366 | $187,466,366 | |
| ACCT. MAINT. & ISSUANCE | $18,763,300 | $18,763,300 | |
| DEFAULT AVERSION FEES | $3,349,313 | $3,349,313 | |
| DUES & ASSOCIATION FEES | $479,627 | $80,190 | $399,437 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $58,988 | TotalAmt |
| Program Services | $11,710 | ProgramServicesAmt |
| Management And General | $47,278 | ManagementAndGeneralAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $284,817,418 | TotalAmt |
| Program Services | $253,978,957 | ProgramServicesAmt |
| Management And General | $30,838,461 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,806,557 | BOYAmt |
| EOY | $68,228,665 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $45,984,082 | BOYAmt |
| EOY | $36,858,920 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $18,559,075 | BOYAmt |
| EOY | $16,016,207 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $584,575 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $106,516 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $815,779 | BOYAmt |
| EOY | $478,059 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $401,955,917 | BOYAmt |
| EOY | $267,765,748 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $626,310,782 | BOYAmt |
| EOY | $567,917,582 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $251,755,746 | BOYAmt |
| EOY | $169,410,513 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,353,187,938 | BOYAmt |
| EOY | $1,126,675,694 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $81,725,590 | BOYAmt |
| EOY | $65,225,443 | EOYAmt |
Grants Payable GrantsPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $18,997,064 | BOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $22,097,448 | BOYAmt |
| EOY | $16,888,397 | EOYAmt |
Escrow Account Liability EscrowAccountLiabilityGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $129,998,712 | BOYAmt |
| EOY | $143,280,112 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $27,000,000 | BOYAmt |
| EOY | $26,667,125 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $279,818,814 | BOYAmt |
| EOY | $252,061,077 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,073,369,124 | BOYAmt |
| EOY | $874,614,617 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,073,369,124 | BOYAmt |
| EOY | $874,614,617 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,353,187,938 | BOYAmt |
| EOY | $1,126,675,694 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $70,007,211 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $66,238,282 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | -$335,000,000 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | Yes (1) | FederalGrantAuditRequiredInd |
| Federal Grant Audit Performed | Yes (1) | FederalGrantAuditPerformedInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org509a2 | Yes (X) | PubliclySupportedOrg509a2Ind |
Gifts Grants Contris Rcvd509 GiftsGrantsContrisRcvd509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus3 Years | $147,909 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $5,221 | CurrentTaxYearMinus2YearsAmt |
| Total | $153,130 | TotalAmt |
Gross Receipts Admissions GrossReceiptsAdmissionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $419,207,130 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $496,160,542 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $547,262,952 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $451,734,048 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $331,228,549 | CurrentTaxYearAmt |
| Total | $2,245,593,221 | TotalAmt |
Total509 Total509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $419,207,130 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $496,308,451 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $547,268,173 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $451,734,048 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $331,228,549 | CurrentTaxYearAmt |
| Total | $2,245,746,351 | TotalAmt |
Amounts Rcvd Dsqlfy Person AmountsRcvdDsqlfyPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus3 Years | $125,000 | CurrentTaxYearMinus3YearsAmt |
| Total | $125,000 | TotalAmt |
Substantial Contributors Amt SubstantialContributorsAmtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Subst And Dsqlfy Prsns Tot SubstAndDsqlfyPrsnsTotGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus3 Years | $125,000 | CurrentTaxYearMinus3YearsAmt |
| Total | $125,000 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total509 | $2,245,621,351 | PublicSupportTotal509Amt |
Gross Investment Income509 GrossInvestmentIncome509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $15,931,613 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $17,783,084 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $17,729,082 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $19,446,850 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $18,813,048 | CurrentTaxYearAmt |
| Total | $89,703,677 | TotalAmt |
Investment Income And UBTI InvestmentIncomeAndUBTIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $15,931,613 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $17,783,084 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $17,729,082 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $19,446,850 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $18,813,048 | CurrentTaxYearAmt |
| Total | $89,703,677 | TotalAmt |
Total Support Calendar Year TotalSupportCalendarYearGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $435,138,743 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $514,091,535 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $564,997,255 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $471,180,898 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $350,041,597 | CurrentTaxYearAmt |
| Total | $2,335,450,028 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support CY509 | 0.96150 | PublicSupportCY509Pct |
| Public Support PY509 | 0.96430 | PublicSupportPY509Pct |
| Investment Income CY | 0.03840 | InvestmentIncomeCYPct |
| Investment Income PY | 0.03560 | InvestmentIncomePYPct |
| Thirty Thr Pct Suprt Tests CY509 | Yes (X) | ThirtyThrPctSuprtTestsCY509Ind |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Volunteers | 0 | VolunteersInd |
| Paid Staff Or Management | Yes (1) | PaidStaffOrManagementInd |
| Media Advertisements | 0 | MediaAdvertisementsInd |
| Mailings Members | 0 | MailingsMembersInd |
| Publications Or Broadcast | 0 | PublicationsOrBroadcastInd |
| Grants Other Organizations | 0 | GrantsOtherOrganizationsInd |
| Direct Contact Legislators | Yes (1) | DirectContactLegislatorsInd |
| Direct Contact Legislators | $160,113 | DirectContactLegislatorsAmt |
| Rallies Demonstrations | 0 | RalliesDemonstrationsInd |
| Other Activities | Yes (1) | OtherActivitiesInd |
| Other Activities | $35,000 | OtherActivitiesAmt |
| Total Lobbying Expenditures | $195,113 | TotalLobbyingExpendituresAmt |
| Not Described Section501c3 | 0 | NotDescribedSection501c3Ind |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART II-B, LINE 1: | FormAndLineReferenceDesc |
| Explanation | UNITED STUDENT AID FUNDS, INC. PAYS DUES TO THE UNITED STATES CHAMBER OF COMMERCE - A PORTION OF WHICH IS ALLOCABLE TO LOBBYING ACTIVITIES. | ExplanationTxt |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Agent Trustee Etc | 0 | AgentTrusteeEtcInd |
| Incl Escrow Custodial Acct Liab | Yes (1) | InclEscrowCustodialAcctLiabInd |
| Explanation Provided | Yes (X) | ExplanationProvidedInd |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $240,546 | OtherCostOrOtherBasisAmt |
| Book Value | $240,546 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $250,687 | OtherCostOrOtherBasisAmt |
| Depreciation | $13,174 | DepreciationAmt |
| Book Value | $237,513 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $93,342 | OtherCostOrOtherBasisAmt |
| Depreciation | $93,342 | DepreciationAmt |
| Book Value | $0 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $478,059 | TotalBookValueLandBuildingsAmt |
Other Securities OtherSecuritiesGrp (10 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| FIXED INCOME: CORPORATE BONDS | $27,785,342 | F |
| FIXED INCOME: ASSET-BACKED SECURITIES | $30,130,116 | F |
| HEDGE FUNDS - EQUITY | $99,213,054 | F |
| HEDGE FUNDS - FIXED INCOME | $27,025,115 | F |
| LIMITED LIABILITY CORPORATIONS - EQUITY | $102,116,881 | F |
| LIMITED LIABILITY CORPORATIONS - FIXED INCOME | $55,004,109 | F |
| LIMITED LIABILITY PARTNERSHIPS - EQUITY | $55,399,224 | F |
| LIMITED LIABILITY PARTNERSHIPS - FIXED INCOME | $31,991,981 | F |
| PRIVATE EQUITIES | $115,929,797 | F |
| POOLED SEPARATE ACCOUNTS | $23,321,963 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $567,917,582 | TotalBookValueSecuritiesAmt |
Other Assets Org OtherAssetsOrgGrp (4 entries)
| DescDesc | Book ValueBookValueAmt |
|---|---|
| RECEIVABLE FROM FED FUND | $23,456,452 |
| ASSETS HELD ON BEHALF OF FED RESERVE | $143,280,112 |
| DEFAULTED LOANS PURCHASED | $36,314 |
| INSURANCE AND OTHER RECEIVABLES | $2,637,635 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | $169,410,513 | TotalBookValueOtherAssetsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)
| DescDesc | AmtAmt |
|---|---|
| CONTINGENT LIABILITY | $23,180,117 |
| DUE TO AFFILIATES | $3,487,008 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $26,667,125 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART IV, LINE 2B: | LIABILITIES INCURRED ON BEHALF OF THE FEDERAL RESERVE. |
| PART X, LINE 2: | UNITED STUDENT AID FUNDS, INC. IS INCLUDED IN THE CONSOLIDATED FINANCIAL STATEMENTS OF USA FUNDS, INC. PER THE CONSOLIDATED FINANCIAL STATEMENTS, "USA FUNDS ACCOUNTS FOR UNCERTAINTIES IN INCOME TAXES ON A MORE-LIKELY-THAN-NOT CRITERIA BASED ON THE POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THERE ARE NO UNCERTAINTIES THAT REQUIRE RECOGNITION OR DISCLOSURE AS OF SEPTEMBER 30, 2016 AND 2015." |
Schedule F IRS990ScheduleF
Account Activities Outside US AccountActivitiesOutsideUSGrp (5 entries)
| RegionRegionTxt | Type Of Activities ConductedTypeOfActivitiesConductedTxt | Region Total ExpendituresRegionTotalExpendituresAmt |
|---|---|---|
| SUB-SAHARAN AFRICA | INVESTMENTS | $963,108 |
| CENTRAL AMERICA & THE CARIBBEAN | INVESTMENTS | $99,737,039 |
| EUROPE (INCLUDING ICELAND AND GREENLAND) | INVESTMENTS | $26,513,220 |
| NORTH AMERICA | INVESTMENTS | $597,888 |
| EAST ASIA AND THE PACIFIC | INVESTMENTS | $1,301,022 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Offices | 0 | SubtotalOfficesCnt |
| Subtotal Employees | 0 | SubtotalEmployeesCnt |
| Continutation Total Office | 0 | ContinutationTotalOfficeCnt |
| Continutation Total Employee | 0 | ContinutationTotalEmployeeCnt |
| Total Office | 0 | TotalOfficeCnt |
| Total Employee | 0 | TotalEmployeeCnt |
| Subtotal Spent | $129,112,277 | SubtotalSpentAmt |
| Continuation Spent | $0 | ContinuationSpentAmt |
| Total Spent | $129,112,277 | TotalSpentAmt |
| Transfer To Foreign Corp | Yes (1) | TransferToForeignCorpInd |
| Interest In Foreign Trust | 0 | InterestInForeignTrustInd |
| Foreign Corp Ownership | Yes (1) | ForeignCorpOwnershipInd |
| Passive Foreign Investmest Co | 0 | PassiveForeignInvestmestCoInd |
| Foreign Partnership | Yes (1) | ForeignPartnershipInd |
| Boycott Countries | 0 | BoycottCountriesInd |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable (29 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Recipient EINRecipientEIN | IRC SectionIRCSectionDesc | Cash GrantCashGrantAmt | Purpose Of GrantPurposeOfGrantTxt | Address Line2USAddress/AddressLine2Txt |
|---|---|---|---|---|---|---|---|---|
| ASIAN & PACIFIC ISLANDER AMERICAN SCHOLARSHIP FUND | ||||||||
| 2025 M STREET NW SUITE 610 | WASHINGTON | DC | 20036 | 571192973 | 501(C)(3) | $19,200 | OPERATING GRANT | |
| ASSOCIATION OF PUBLIC AND LAND-GRANT UNIVERSITIES (APLU) | ||||||||
| 1307 NEW YORK AVENUE NW SUITE 400 | WASHINGTON | DC | 20005 | 530183246 | 501(C)(3) | $25,000 | OPERATING GRANT | |
| ARIZONA STATE UNIVERSITY FOUNDATION FOR A NEW AMERICAN UNIVERSITY | ||||||||
| PO BOX 2260 | TEMPE | AZ | 85280 | 866051042 | 501(C)(3) | $125,000 | OPERATING GRANT | |
| BRENTWOOD COMMUNITY FOUNDATION | ||||||||
| 13033 LANDMARK | HOUSTON | TX | 77045 | 760454399 | 501(C)(3) | $7,500 | MATCHING GIFTS | |
| CARLTHORP SCHOOL | ||||||||
| 438 SAN VICENTE BLVD | SANTA MONICA | CA | 90402 | 953512203 | 501(C)(3) | $8,250 | MATCHING GIFTS | |
| CONGREGATION OF HOLY CROSS US PROVINCE INC | ||||||||
| PO BOX 1064 | NOTRE DAME | IN | 46556 | 320344245 | 501(C)(3) | $35,000 | DIRECTED GIFT/MATCHING GIFTS | |
| FAMILY RESOURCE CENTER INC | ||||||||
| PO BOX 329 | RAYMOND | MS | 39154 | 113697689 | 501(C)(3) | $10,000 | MATCHING GIFTS | |
| FOUNDATION FOR EXCELLENCE IN EDUCATION INC | ||||||||
| 215 S MONROE STREET SUITE 420 | TALLAHASSEE | FL | 32301 | 260615175 | 501(C)(3) | $25,000 | OPERATING GRANT | |
| HAWAII P-20 | ||||||||
| 310 W KAAHUMANU AVENUE | KAHULUI | HI | 96732 | 996000354 | 501(C)(3) | $51,754 | OPERATING GRANT | |
| INDIANA UNIVERSITY FOUNDATION | ||||||||
| PO BOX 500 | BLOOMINGTON | IN | 47402 | 356018940 | 501(C)(3) | $9,600 | MATCHING GIFTS | |
| JOBS FOR AMERICA'S GRADUATES INC | ||||||||
| 1729 KING STREET SUITE 100 | ALEXANDRIA | VA | 22314 | 521194546 | 501(C)(3) | $763,000 | OPERATING GRANT | |
| MARIAN UNIVERSITY | ||||||||
| 3200 COLD SPRING ROAD | INDIANAPOLIS | IN | 46222 | 350868175 | 501(C)(3) | $20,000 | OPERATING GRANT/DIRECTED GIFT | |
| MARTIN UNIVERSITY | ||||||||
| 2171 AVONDALE PLACE | INDIANAPOLIS | IN | 46218 | 310970262 | 501(C)(3) | $11,200 | DIRECTED GIFT/MATCHING GIFTS | |
| MILLION MEAL MOVEMENT | ||||||||
| 9250 CORPORATE DRIVE SUITE 300 | INDIANAPOLIS | IN | 46256 | 208533217 | 501(C)(3) | $13,437 | OPERATING GRANT | |
| MONTANA DEPARTMENT OF LABOR AND INDUSTRY | ||||||||
| 2500 BROADWAY PO BOX 203201 | HELENA | MT | 596203201 | 810302402 | STATE OF MT | $150,000 | OPERATING GRANT | |
| NATIONAL COUNCIL FOR ADOPTION | ||||||||
| 225 N WASHINGTON STREET 2ND FLOOR | ALEXANDRIA | VA | 22314 | 751721671 | 501(C)(3) | $25,000 | OPERATING GRANT | |
| NATIONAL SKILLS COALITION | ||||||||
| 1730 RHODE ISLAND AVENUE NW SUITE | WASHINGTON | DC | 20036 | 300075580 | 501(C)(3) | $10,000 | OPERATING GRANT | 712 |
| NATIONAL URBAN LEAGUE | ||||||||
| 120 WALL STREET | NEW YORK | NY | 10005 | 131840489 | 501(C)(3) | $300,000 | OPERATING GRANT | |
| PROJECT LEAD THE WAY | ||||||||
| 3939 PRIORITY WAY SOUTH DRIVE SUITE | INDIANAPOLIS | IN | 46240 | 141816385 | 501(C)(3) | $500,000 | OPERATING GRANT | 400 |
| PURDUE FOUNDATION | ||||||||
| 403 WEST WOOD STREET | WEST LAFAYETTE | IN | 47907 | 351052049 | 501(C)(3) | $15,900 | DIRECTED GIFT | |
| STRADA EDUCATION NETWORK INC | ||||||||
| 9998 CROSSPOINT BLVD | INDIANAPOLIS | IN | 462563307 | 473044430 | 501(C)(3) | $29,200,000 | OPERATING GRANT | |
| STILTS SPIRIT - A GIVING TREE | ||||||||
| 17338 WESTFIELD PARK ROAD SUITE ONE | WESTFIELD | IN | 46074 | 464225109 | 501(C)(3) | $6,250 | OPERATING GRANT | ONE |
| THE ASPEN INSTITUTE | ||||||||
| ONE DUPONT CIRCLE NW SUITE 700 | WASHINGTON | DC | 20036 | 840399006 | 501(C)(3) | $75,000 | OPERATING GRANT | |
| THE LINKS FOUNDATION INCORPORATED | ||||||||
| 1200 MASSACHUSETTS AVE NW | WASHINGTON | DC | 20005 | 521170830 | 501(C)(3) | $18,000 | MATCHING GIFTS | |
| US CHAMBER OF COMMERCE FOUNDATION | ||||||||
| 1615 H STREET NW | WASHINGTON | DC | 20062 | 461561597 | 501(C)(3) | $25,000 | OPERATING GRANT | |
| UNITED NEGRO COLLEGE FUND | ||||||||
| 3737 N MERIDIAN STREET SUITE 203 | INDIANAPOLIS | IN | 46208 | 131624241 | 501(C)(3) | $10,000 | OPERATING GRANT | |
| UNITED STATES CONFERENCE OF MAYORS | ||||||||
| 1620 I STREET NW 4TH FLOOR | WASHINGTON | DC | 20006 | 530196642 | 501(C)(3) | $400,000 | OPERATING GRANT | |
| UNIVERSITY OF HAWAII | ||||||||
| 2444 DOLE STREET BACHMAN HALL 105 | HONOLULU | HI | 96822 | 990085260 | 501(C)(3) | $1,250,000 | OPERATING GRANT | |
| UNIVERSITY OF PORTLAND | ||||||||
| 5000 N WILLAMETTE BLVD | PORTLAND | OR | 97219 | 930401259 | 501(C)(3) | $25,000 | OPERATING GRANT | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 29 | Total501c3OrgCnt |
| Total Other Org | 0 | TotalOtherOrgCnt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | UNITED STUDENT AID FUNDS, INC.'S GRANT-MAKING IS LIMITED TO THE 50 U.S. STATES AND THE DISTRICT OF COLUMBIA. UNITED STUDENT AID FUNDS, INC. MONITORS THE USE OF GRANT FUNDS BY REQUIRING THE GRANTEE TO SEND IN A FINAL ACCOUNTING REPORT DESCRIBING HOW THE FUNDS WERE USED. THIS REPORT WILL INCLUDE ACTUAL EXPENSES THAT WOULD BE COMPARED TO THE BUDGET SENT IN WITH THE ORGINAL GRANT REQUEST. IN ADDITION, PROGRAM OFFICERS PERFORM SITE VISITS OR ATTEND EVENTS THAT UNITED STUDENT AID FUNDS, INC. HAS SPONSORED. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| First Class Or Charter Travel | Yes (X) | FirstClassOrCharterTravelInd |
| Club Dues Or Fees | Yes (X) | ClubDuesOrFeesInd |
| Written Policy Ref T And E Expnss | Yes (1) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (1) | SubstantiationRequiredInd |
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Independent Consultant | Yes (X) | IndependentConsultantInd |
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| Written Employment Contract | Yes (X) | WrittenEmploymentContractInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | Yes (1) | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | Yes (1) | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | Yes (1) | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (21 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| WILLIAM HANSEN | ||||||||||||||
| PRESIDENT & CEO | $500,601 | $0 | $355,830 | $0 | $23,523 | $0 | $97,740 | $0 | $26,739 | $0 | $1,004,433 | $0 | $0 | $0 |
| DAVID SHANE | ||||||||||||||
| EVP & COO THRU 6/3/16 | $246,346 | $0 | $71,769 | $0 | $8,487 | $0 | $1,593 | $0 | $0 | $0 | $328,195 | $0 | $0 | $0 |
| MARK PELESH | ||||||||||||||
| EVP CORP & BUS DEV | $272,601 | $0 | $121,057 | $0 | $31,890 | $0 | $63,775 | $0 | $26,739 | $0 | $516,062 | $0 | $0 | $0 |
| LARRY LUTZ | ||||||||||||||
| SVP STUDENT FIN PROG | $241,601 | $0 | $92,041 | $0 | $25,662 | $0 | $46,851 | $0 | $26,739 | $0 | $432,894 | $0 | $0 | $0 |
| STEPHEN C HAM | ||||||||||||||
| EVP & CFO | $279,339 | $0 | $124,402 | $0 | $28,851 | $0 | $65,259 | $0 | $23,596 | $0 | $521,447 | $0 | $0 | $0 |
| ALISON GRIFFIN | ||||||||||||||
| SVP EXTERNAL & GOVT REL | $172,250 | $0 | $58,656 | $0 | $687 | $0 | $25,511 | $0 | $1,000 | $0 | $258,104 | $0 | $0 | $0 |
| SCOTT FLEMING | ||||||||||||||
| SR VP, STRATEGY & CORP DEV | $152,778 | $0 | $33,433 | $0 | $954 | $0 | $0 | $0 | $18,326 | $0 | $205,491 | $0 | $0 | $0 |
| THOMAS DAWSON | ||||||||||||||
| SVP & COO | $146,678 | $0 | $31,673 | $0 | $541 | $0 | $0 | $0 | $3,476 | $0 | $182,368 | $0 | $0 | $0 |
| CAROL D'AMICO | ||||||||||||||
| EVP NAT ENG & MISS ADV | $249,262 | $0 | $109,708 | $0 | $19,788 | $0 | $57,595 | $0 | $9,852 | $0 | $446,205 | $0 | $0 | $0 |
| CRAIG P ANDERSON | ||||||||||||||
| SVP BUS DEV | $229,666 | $0 | $93,490 | $0 | $17,596 | $0 | $40,693 | $0 | $29,289 | $0 | $410,734 | $0 | $0 | $0 |
| DAVID B BOODT | ||||||||||||||
| EVP & GEN COUNSEL | $255,101 | $0 | $111,192 | $0 | $21,229 | $0 | $52,124 | $0 | $29,239 | $0 | $468,885 | $0 | $0 | $0 |
| DEBORAH MCCLOUD | ||||||||||||||
| VP & CONTROLLER | $152,889 | $0 | $37,648 | $0 | $2,341 | $0 | $29,580 | $0 | $24,146 | $0 | $246,604 | $0 | $0 | $0 |
| LEONARD GURIN | ||||||||||||||
| VP CASH & INVESTMENTS | $156,301 | $0 | $38,270 | $0 | $5,993 | $0 | $26,613 | $0 | $27,739 | $0 | $254,916 | $0 | $0 | $0 |
| MILAN D TESANOVICH | ||||||||||||||
| FORMER DIR INFO MGMT THRU 12/31/15 | $157,219 | $0 | $32,692 | $0 | $4,161 | $0 | $34,878 | $0 | $24,146 | $0 | $253,096 | $0 | $0 | $0 |
| CEBRA GRAVES | ||||||||||||||
| VP, RESEARCH PLAN & INSIGHTS | $176,649 | $0 | $43,678 | $0 | $395 | $0 | $27,630 | $0 | $26,739 | $0 | $275,091 | $0 | $0 | $0 |
| VERNETTA FAIRLEY | ||||||||||||||
| DIR, SPECIAL PROGRAMS THRU 10/31/15 | $98,925 | $0 | $19,768 | $0 | $81,739 | $0 | $20,458 | $0 | $18,882 | $0 | $239,772 | $0 | $0 | $0 |
| JONI M ANDERSON | ||||||||||||||
| VP & SR CORP COUNSEL | $156,412 | $0 | $38,412 | $0 | $1,923 | $0 | $26,341 | $0 | $23,996 | $0 | $247,084 | $0 | $0 | $0 |
| ANNE CALVERT | ||||||||||||||
| VP FINANCIAL ANALYSIS | $150,724 | $0 | $36,473 | $0 | $4,436 | $0 | $25,057 | $0 | $25,816 | $0 | $242,506 | $0 | $0 | $0 |
| ROBERT BALLARD | ||||||||||||||
| FORMER OFFICER | $0 | $0 | $0 | $0 | $619,754 | $0 | $0 | $0 | $0 | $0 | $619,754 | $0 | $0 | $0 |
| GREGORY AYERS | ||||||||||||||
| FORMER OFFICER | $0 | $0 | $0 | $0 | $559,924 | $0 | $0 | $0 | $0 | $0 | $559,924 | $0 | $0 | $0 |
| KAREN L DEVILLA | ||||||||||||||
| FORMER HIGHEST COMPENSATED EMPLOYEE | $4,983 | $0 | $7,287 | $0 | $188,666 | $0 | $2,337 | $0 | $26,739 | $0 | $230,012 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail (4 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART I, LINE 1A | FIRST CLASS TRAVEL - FIRST CLASS TRAVEL IS APPROVED FOR ALL TRUSTEES IF THE FLIGHT IS MORE THAN 2 HOURS IN DURATION OR IF A MEDICAL CONDITION EXISTS WHICH REQUIRES THE NEED FOR AN UPGRADE. THIS NON-TAXABLE BUSINESS EXPENSE IS NOT TREATED AS ADDITIONAL TAXABLE COMPENSATION TO THE TRUSTEE. FIRST CLASS TRAVEL IS APPROVED FOR EMPLOYEES, AT THE DISCRETION OF THE CEO, IF THEY TRAVEL FREQUENTLY AS PART OF THEIR POSITION OR IF A MEDICAL CONDITION EXISTS WHICH REQUIRES THE NEED FOR AN UPGRADE. EVP & CFO STEVE HAM HAS BEEN APPROVED BY WILLIAM HANSEN, CEO, FOR ONE CLASS UPGRADE, WHICH MAY RESULT IN FIRST CLASS TRAVEL, DUE TO A MEDICAL CONDITION. THIS NON-TAXABLE BUSINESS EXPENSE IS NOT TREATED AS ADDITIONAL TAXABLE COMPENSATION. HEALTH OR SOCIAL CLUB DUES - UNITED STUDENT AID FUNDS, INC. MAY REIMBURSE EACH EMPLOYEE UP TO A MAXIMUM OF $250 PER CALENDAR YEAR FOR THE COST OF (I) EXERCISE EQUIPMENT PURCHASED DURING THE APPLICABLE CALENDAR YEAR AND/OR (II) A HEALTH OR FITNESS CLUB MEMBERSHIP. ALL REIMBURSEMENTS ARE CONSIDERED TAXABLE INCOME TO THE EMPLOYEE. |
| PART I, LINE 4A: | THE FOLLOWING FORMER OFFICERS OR HIGHLY COMPENSATED EMPLOYEES RECEIVED SEVERANCE PAYMENTS FROM THE ORGANIZATION DURING CALENDAR YEAR 2015: GREGORY AYERS $559,924 ROBERT BALLARD $619,754 KAREN DEVILLA $161,938 VERNETTA FAIRLEY $60,092 |
| PART I, LINE 4B: | THE CEO OF UNITED STUDENT AID FUNDS, INC. PARTICIPATES IN A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN UNDER CODE SECTION 457(F). ANY AMOUNTS ULTIMATELY PAID UNDER THE PLAN TO THE CEO ARE REPORTED AS COMPENSATION ON FORM 990, SCHEDULE J, PART II, COLUMN B IN THE YEAR PAID. NO PAYMENTS WERE MADE UNDER THE PLAN DURING CALENDAR YEAR 2015. |
| PART I, LINE 7: | ALL OFFICERS AND ALL EMPLOYEES OF THE COMPANY PARTICIPATE IN THE "EMPLOYEE INCENTIVE PLAN." ANNUAL PAYMENTS ARE BASED ON OVERALL CORPORATE PERFORMANCE IN THE ACCOMPLISHMENT OF THE CORPORATE OBJECTIVES, AS EVALUATED BY THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES, AND INDIVIDUAL PERFORMANCE. THE AMOUNT OF THE PAYMENT IS A PERCENTAGE OF ANNUAL SALARY, VARYING BY THE SALARY GRADE OF THE INDIVIDUAL POSITION. |
Schedule N IRS990ScheduleN
Disposition Of Assets Detail DispositionOfAssetsDetail (2 entries)
| Assets Distri Or Expnss PaidAssetsDistriOrExpnssPaidDesc | DistributionDistributionDt | Fair Market Value Of AssetFairMarketValueOfAssetAmt | Method Of FMV DeterminationMethodOfFMVDeterminationTxt | EINEIN | Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | IRC SectionIRCSectionTxt |
|---|---|---|---|---|---|---|---|---|---|
| STRADA EDUCATION NETWORK INC | |||||||||
| FIXED ASSETS AND OTHER PROPERTY | 2016-01-01 | $95,000,000 | BOOK VALUE | 473044430 | 9998 CROSSPOINT BLVD STE 400 | INDIANAPOLIS | IN | 462563307 | 501(C)(3) |
| STRADA EDUCATION NETWORK INC | |||||||||
| INVESTMENT ASSETS | 2016-02-01 | $250,000,000 | BOOK VALUE | 473044430 | 9998 CROSSPOINT BLVD STE 400 | INDIANAPOLIS | IN | 462563307 | 501(C)(3) |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Director Of Successor2 | Yes (1) | DirectorOfSuccessor2Ind |
| Employee Of Successor2 | Yes (1) | EmployeeOfSuccessor2Ind |
| Owner Of Successor2 | 0 | OwnerOfSuccessor2Ind |
| Receive Compensation2 | 0 | ReceiveCompensation2Ind |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART II, LINE 2E: | FormAndLineReferenceDesc |
| Explanation | EXPLANATION OF INVOLVEMENT: STRADA EDUCATION NETWORK, INC. IS THE SOLE MEMBER OF UNITED STUDENT AID FUNDS, INC. AND APPOINTS THE BOARD OF TRUSTEES. THE DIRECTORS OF UNITED STUDENT AID FUNDS, INC. ARE ALSO THE DIRECTORS OF STRADA EDUCATION NETWORK, INC.IN ADDITION SOME EMPLOYEES OF UNITED STUDENT AID FUNDS, INC. BECAME EMPLOYEES OF STRADA EDUCATION NETWORK, INC. AS OF JANUARY 1, 2016. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (9 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 2 | PERSONS LISTED IN PART VII MAY HAVE A "BUSINESS RELATIONSHIP" WITH EACH OTHER BY VIRTUE OF SITTING ON RELATED UNITED STUDENT AID FUNDS, INC. BOARDS OR BY VIRTUE OF THEIR EMPLOYMENT WITH RELATED UNITED STUDENT AID FUNDS, INC. ENTITIES. |
| FORM 990, PART VI, SECTION A, LINE 6 | STRADA EDUCATION NETWORK, INC. IS THE SOLE MEMBER OF UNITED STUDENT AID FUNDS, INC. AND APPOINTS THE BOARD OF TRUSTEES. |
| FORM 990, PART VI, SECTION A, LINE 7A | STRADA EDUCATION NETWORK, INC. IS THE SOLE MEMBER OF UNITED STUDENT AID FUNDS, INC. AS THE SOLE MEMBER, STRADA HAS THE RIGHT TO (A) APPOINT AND REMOVE THE MEMBERS OF THE BOARD OF TRUSTEES OF UNITED STUDENT AID FUNDS, INC AND (B) FILL ANY VACANY ON THE BOARD OF TRUSTEES. |
| FORM 990, PART VI, SECTION A, LINE 7B | UNITED STUDENT AID FUNDS, INC.'S SOLE MEMBER IS STRADA EDUCATION NETWORK, INC. WHICH SHALL HAVE THE RIGHTS AND DUTIES AS PROVIDED IN THE CORPORATION'S BYLAWS. IN FURTHERANCE AND NOT IN LIMITATION OF THE POWERS CONFERRED BY LAW, THE MEMBER IS EXPRESSLY AUTHORIZED TO MAKE, ADOPT, ALTER, AMEND AND REPEAL, FROM TIME TO TIME, THE BYLAWS OF THE CORPORATION. THE MEMBER SHALL ACT THROUGH ACTION TAKEN BY ITS BOARD OF TRUSTEES. |
| FORM 990, PART VI, SECTION B, LINE 11 | THE GOVERNING BOARD WAS RESTRUCTURED AFTER YEAR END, THEREFORE, THE MAJORITY OF THE CURRENT GOVERNING BOARD WAS NOT IN PLACE DURING THE YEAR THE TAX RETURN ENCOMPASSES. IT WAS THEREFORE DETERMINED THAT SINCE THE FORM 990 WAS PREPARED AND REVIEWED BY MANAGEMENT AS WELL AS BY AN OUTSIDE ACCOUNTING FIRM THE REVIEW PROCESS PROVIDED THE NECESSARY SAFEGUARDS. |
| FORM 990, PART VI, SECTION B, LINE 12C | ANNUALLY, A CONFLICT OF INTEREST AND DISCLOSURE QUESTIONNAIRE IS REQUIRED TO BE COMPLETED BY ALL EMPLOYEES. THE PURPOSE OF THE QUESTIONNAIRE IS TO SOLICIT INFORMATION ABOUT RELATIONSHIPS THAT MAY CONSTITUTE A POTENTIAL CONFLICT OF INTEREST. EACH MEMBER OF THE BOARD OF TRUSTEES SIGNS AN ANNUAL CONFLICT OF INTERESTT DISCLOSURE STATEMENT THAT DISCLOSES ACTUAL OR POTENTIAL CONFLICTS OF INTEREST AS SET FORTH IN THE APPROVED CONFLICT OF INTEREST POLICY FOR TRUSTEES. THE DISCOLSURE STATEMENTS ARE REVIEWED BY THE GOVERANCE COMMITTEE OF THE BOARD OF TRUSTEES. WHEN ANY SUCH CONFLICT OF INTEREST IS RELEVANT TO A MATTER REQUIRING ACTION BY THE BOARD OF TRUSTEES OR ANY COMMITTEE, THE INTERESTED PERSON SHALL CALL IT TO THE ATTENTION OF THE CHAIR OF THE COMMITTEE, AND SUCH PERSON SHALL NOT VOTE ON THE MATTER. MOREOVER, THE PERSON HAVING THE CONFLICT SHALL LEAVE THE ROOM IN WHICH THE MEETING IS HELD AND NOT PARTICIPATE IN THE FINAL DELIBERATIONS OR DECISION REGARDING THE MATTER UNDER CONSIDERATION. A BOARD MEMBER SHALL ADVISE THE CHAIR OF THE GOVERANCE COMMITTEE AND THE CORPORTATE SECRETARY IN WRITING OF ANY POTENTIAL CONFLICTS OF INTEREST WHICH ARISE AFTER SIGNING THE CONFLICT OF INTEREST DISCLOSURE STATEMENT. |
| FORM 990, PART VI, SECTION B, LINE 15 | COMPENSATION DETERMINATIONS OF UNITED STUDENT AID FUNDS, INC.'S CEO AND THE OTHER OFFICERS FOR CALENDAR YEAR 2015 WERE MADE BY A COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES OF THE SOLE MEMBER, STRADA EDUCATION NETWORK, INC., WHOSE MEMBERS HAVE NO CONFLICT OF INTEREST WITHIN THE MEANING OF TREAS. REG. 53.4958-6(C)(1)(III). THE COMPENSATION COMMITTEE ESTABLISHES THE COMPENSATION PHILOSOPHY, AND WITH COMPARABILITY DATA PROVIDED BY AN INDEPENDENT COMPENSATION CONSULTANT, ANNUALLY EVALUATES THE PERFORMANCE OF THE CEO AND ALL OTHER OFFICERS, AND DETERMINES IN ADVANCE THE REASONABLENESS OF COMPENSATION PAID TO AND BENEFITS PROVIDED TO SUCH INDIVIDUALS. AS PART OF THE ANNUAL PERFORMANCE EVALUATION, THE COMPENSATION COMMITTEE SOLICITS THE VIEWS OF THE CHAIRS OF THE OTHER BOARD COMMITTEES. THE DETERMINATIONS MADE AND THE BASIS OF SUCH DETERMINATIONS ARE CONTEMPORANEOUSLY DOCUMENTED IN WRITTEN MINUTES, FINAL DETERMINATIONS ARE REPORTED TO THE FULL BOARD OF TRUSTEES. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION MAKES ANY DOCUMENT OPEN TO THE PUBLIC INSPECTION AVAILABLE UPON REQUEST. |
| FORM 990, PART XI, LINE 9: | TRANSFER OF NET ASSETS TO STRADA EDUCATION NETWORK, INC. -345,000,000. TRANSFER OF NET ASSETS FROM NORTHWEST EDUCATION LOAN ASSOCIATION 10,000,000. |
Schedule R IRS990ScheduleR
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (4 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Exempt Code SectionExemptCodeSectionTxt | Public Charity StatusPublicCharityStatusTxt | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt | Controlled OrganizationControlledOrganizationInd | Direct Controlling NADirectControllingNACd |
|---|---|---|---|---|---|---|---|---|---|---|---|
| NORTHWEST EDUCATION LOAN ASSOCIATION | |||||||||||
| 9998 CROSSPOINT BLVD STE 400 | INDIANAPOLIS | IN | 462563307 | 911068278 | STUDENT LOAN GUARANTOR | WA | 501(C)(3) | 9 | UNITED STUDENT AID FUNDS INC | Yes (1) | |
| EDUCATION AT WORK INC | |||||||||||
| 2300 WALL ST STE R | CINCINNATI | OH | 45212 | 454035038 | STUDENT EMPLOYEE OPPORTUNITIES | OH | 501(C)(3) | 11B, II | STRADA EDUCATION NETWORK INC | Yes (1) | |
| ROADTRIPNATIONORG LTD | |||||||||||
| 1626 PLACENTIA AVENUE | COSTA MESA | CA | 92627 | 263889207 | STUDENT ASSISTANCE PROGRAM | DE | 501(C)(3) | 7 | STRADA EDUCATION NETWORK INC | Yes (1) | |
| STRADA EDUCATION NETWORK INC | |||||||||||
| 9998 CROSSPOINT BLVD STE 400 | INDIANAPOLIS | IN | 462563307 | 473044430 | PARENT COMPANY | DE | 501(C)(3) | 11C, III-FI | 0 | N/A | |
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp
Related Organization Name RelatedOrganizationName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ROADTRIP PRODUCTIONS LTD | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1626 PLACENTIA AVENUE | AddressLine1Txt |
| City | COSTA MESA | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 92627 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 043615743 | EIN |
| Primary Activities | EDUCATION OUTREACH | PrimaryActivitiesTxt |
| Legal Domicile State | DE | LegalDomicileStateCd |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | STRADA EDUCATION NETWORK INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Entity Type | C | EntityTypeTxt |
| Share Of Total Income | $190,622 | ShareOfTotalIncomeAmt |
| Share Of EOY Assets | $7,076,402 | ShareOfEOYAssetsAmt |
| Ownership | 1.00000 | OwnershipPct |
| Controlled Organization | Yes (1) | ControlledOrganizationInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | Yes (1) | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | 0 | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | Yes (1) | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | Yes (1) | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | Yes (1) | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | 0 | SharingOfFacilitiesInd |
| Paid Employees Sharing | 0 | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | Yes (1) | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | Yes (1) | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | Yes (1) | TransferToOtherOrgInd |
| Transfer From Other Org | Yes (1) | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp (8 entries)
| Transaction TypeTransactionTypeTxt | InvolvedInvolvedAmt | Method Of Amount DeterminationMethodOfAmountDeterminationTxt |
|---|---|---|
| NORTHWEST EDUCATION LOAN ASSOCIATION | ||
| L | $244,513 | FMV |
| NORTHWEST EDUCATION LOAN ASSOCIATION | ||
| P | $152,455 | COST REIMBURSEMENT |
| NORTHWEST EDUCATION LOAN ASSOCIATION | ||
| S | $10,000,000 | FMV |
| STRADA EDUCATION NETWORK INC | ||
| B | $29,200,000 | FMV |
| STRADA EDUCATION NETWORK INC | ||
| I | $20,575,099 | FMV |
| STRADA EDUCATION NETWORK INC | ||
| M | $18,900,000 | FMV |
| STRADA EDUCATION NETWORK INC | ||
| R | $345,000,000 | FMV |
| STRADA EDUCATION NETWORK INC | ||
| Q | $8,533,717 | COST REIMBURSEMENT |
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