2017-09-28T15:14:57-05:00 2017-06-30 221478099 COHNREZNICK LLP 350 CHURCH STREET 12TH FLOOR HARTFORD CT 06103 990 2016-07-01 060812178 CONNECTICUT STUDENT LOAN FOUNDATION C/O EDUCATION SOLUTION PARTNERS LLC CONN 4402343250 7271 engle road suite 101 cleveland OH 44130 Jeanette Weldon executive director 4402343220 2017-09-27 1 KIMBERLY NARDONE P01058771 9592007000 209.3.217.20 2017-09-27 09:12:56 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 896C1F5B5D42EC59A37A0D46A5820AA48C1A79ED 2016 2021-01-29 14:40:06Z Jeanette Weldon 10 Columbus Blvd Hartford CT 061061978 10448692 0 X www.cslf.org X 1967 CT TO 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. 7 6 0 0 0 0 0 0 10925004 10412030 28858 36662 0 0 10953862 10448692 9888710 2000000 0 0 0 0 0 0 0 7875170 7861045 17763880 9861045 -6810018 587647 301107790 258718720 275882155 232905438 25225635 25813282 TO 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. 0 0 7308285 10224088 STUDENT LOAN MANAGEMENT AND INTEREST ON STUDENT LOANS RECEIVABLES. 2000000 2000000 CONTRIBUTIONS TO CT HIGHER EDUCATION SUPPLEMENTAL LOAN AUTHORITY (CHESLA) IN SUPPORT OF PROGRAMS TO IMPROVE EDUCATIONAL OPPORTUNITIES BY PROVIDING SCHOLARSHIPS. 26021 187942 Administrative agent fee and incidental expenses associated with management of the Not For Profit servicing contract. 9334306 1 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 4 0 1 0 0 0 0 0 0 0 0 0 0 0 X 7 6 0 1 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 0 0 0 CT X RANDALL BEHM EDUCATION SOLUTION PARTNERS 4402343220 7271 ENGLE ROAD SUITE 101 CLEVELAND OH 44130 Dr Peter Lisi CHAIRMAN 0.50 2.00 X X 0 0 0 Erika Steiner director 0.50 2.00 X 0 0 0 JEANETTE W WELDON executive director 5.00 35.00 X X 0 232889 3278 julie savino director 0.50 2.00 X 0 0 0 martin Budd director 0.50 2.00 X 0 0 0 sarah sanders Vice chairman 0.50 2.00 X X 0 0 0 Steven Kitowicz director 0.50 2.00 X 0 0 0 Cynthia D Peoples Managing Director 0.10 40.00 X 0 161394 49308 Denise E Aguilera General Counsel 2.00 38.00 X 0 84896 12671 Michael F Morris Managing Director 0.10 40.00 X 0 177732 23400 0 656911 88657 0 0 1 0 EDFINANCIAL SERVICES LLC 298 NORTH SEVEN OAKS DRIVE KNOXVILLE TN 37922 LOAN SERVICER 1107067 EDUCATION SOLUTION PARTNERS LLC 7271 ENGLE ROAD SUITE 101 CLEVELAND OH 44130 ADMINISTRATIVE SERVICES 429000 SAMUEL A RAMIREZ & CO 61 BROADWAY SUITE 2194 NEW YORK NY 10006 BROKER/DEALER FOR BONDS 144743 3 LOAN PORTFOLIO INTEREST 900099 9995164 9995164 LATE FEE INCOME 900099 228924 228924 Not for Profit Servicing Income 900099 187942 187942 10412030 36662 36662 10448692 10412030 0 36662 2000000 2000000 412705 412705 3054 3054 36886 36886 50000 50000 574 574 160 160 1164 1164 486 486 4493042 4493042 27148 27148 CONSOLIDATION FEE 1603880 1603880 LOAN SERVICE FEE 1003435 1003435 DEBT ISSUE COST 168264 168264 COLLECTION COSTS/FEES 60017 60017 230 230 9861045 9334306 526739 0 1334549 598287 10767431 9623414 4707591 4463523 25393 585 284258450 244017270 14376 15641 301107790 258718720 131122 112876 275751033 232792562 275882155 232905438 X 24144653 19431907 0 0 1080982 6381375 25225635 25813282 301107790 258718720 587647 0 X X 0 1 X 1 0 X 19921700 17256158 9359652 10925004 10351752 67814266 19921700 17256158 9359652 10925004 10351752 67814266 0 0 0 67814266 70163 95331 21181 28858 36662 252195 70163 95331 21181 28858 36662 252195 86456 8832 95288 20078319 17360321 9380833 10953862 10388414 68161749 0.99490 0.96970 0.00370 0.00270 X Schedule A, Part III, Line 12, Explanation of Other Income: Other revenue - 2012 Amount: $ 86,456. 2013 Amount: $ 8,832. 0 Student Loan Portfolio 244017270 C 244017270 BONDS PAYABLE 231507771 DUE TO DOE 874321 OTHER PAYABLES 213301 INTEREST PAYABLE 197169 232792562 1 CT HIGHER EDUCATION SUPPLEMENTAL LOAN AUTHORITY 10 COLUMBUS BLVD Hartford CT 06106 170(C)(1) 2000000 SCHOLARSHIPS 1 PART I, LINE 2 AS 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. 0 0 0 0 0 0 0 0 0 JEANETTE W WELDON executive director 0 220948 0 0 0 11941 0 1500 0 3248 0 237637 0 0 Cynthia D Peoples Managing Director 0 160842 0 0 0 552 0 17639 0 31669 0 210702 0 0 Michael F Morris Managing Director 0 176700 0 0 0 1032 0 19273 0 4127 0 201132 0 0 Part I, Line 3 compensation for the Executive Director of CSLF, as established by CHEFA, is a portion of the Support Services expense Form 990, Part VI, Section A, line 3 CSLF CONTRACTED ALL ADMINISTRATION TO EDUCATION SOLUTION PARTNERS, LLC ("ESP"). Form 990, Part VI, Section A, line 7a CSLF 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 11b form 990 is reviewed by the board of directors prior to filing the return. Form 990, Part VI, Section B, line 12c The 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 19 the organization makes its governing documents, conflict of interest policy and financial statements available to the public upon request. FORM 990, PART XII, LINE 2C CHEFA 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. Connecticut Health and Educational Facilities Authority (chefa) 10 COLUMBUS BLVD Hartford CT 06106 060806186 CONDUIT ISSUER OF TAX EXEMPT BONDS CT 170(C)(1) 0 CONNECTICUT HIGHER EDUCATION SUPPLEMENTAL LOAN AUTHORITY 10 COLUMBUS BLVD HARtford CT 06106 061157755 ISSUE TAX EXEMPT BONDS FOR STUDENT LOANS CT 170(C)(1) CHEFA 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 CHESLA B 2000000 ACTUAL CHEFA M 53000 ACTUAL