EDUCATION LOAN FINANCE INC: Form 990, tax year 2015
View the entire original 990 at ProPublica ↗
- Organization
- EDUCATION LOAN FINANCE INC (EIN 62-1586836)
- Tax period
- 2015-01-01 to 2015-12-31
- Filed
- 2016-11-15
- IRS object ID
- 201633209349300233
- Schema version
- 2015v2.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2016-11-15T06:58:15-06:00 | ReturnTs |
| Tax Period End | 2015-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BDO USA LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5430 WADE PARK BLVD SUITE 208 | AddressLine1Txt |
| City | RALEIGH | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 27606 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2015-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 621586836 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Educational Services of America Inc | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of | % BILL THOMPSON | InCareOfNm |
| Business Name Control | EDUC | BusinessNameControlTxt |
| Phone | 8658243051 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 12700 Kingston Pike | AddressLine1Txt |
| City | Knoxville | CityNm |
| State Abbreviation | TN | StateAbbreviationCd |
| ZIP | 37934 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | BILL THOMPSON | PersonNm |
| Person Title | CFO | PersonTitleTxt |
| Phone | 8658243051 | PhoneNum |
| Signature | 2016-11-15 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | William M Owens | PreparerPersonNm |
| PTIN | P01435860 | PTIN |
| Phone | 9197549370 | PhoneNum |
| Self Employed | Yes (X) | SelfEmployedInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2015 | TaxYr |
| Build TS | 2017-02-10 21:41:12Z | BuildTS |
Form 990 IRS990
Doing Business As Name DoingBusinessAsName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Edsouth Services | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | JOHN ARNOLD | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 12700 KINGSTON PIKE | AddressLine1Txt |
| City | Knoxville | CityNm |
| State Abbreviation | TN | StateAbbreviationCd |
| ZIP | 37934 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $175,640,458 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | www.edsouthservices.com | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1994 | FormationYr |
| Legal Domicile State | TN | LegalDomicileStateCd |
| Activity Or Mission | provides funding for educational loans and provides funding for student outreach programs for grades 6-12; grants for scholarships | ActivityOrMissionDesc |
| Voting Members Governing Body | 8 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 5 | VotingMembersIndependentCnt |
| Total Employee | 38 | TotalEmployeeCnt |
| Total Volunteers | 0 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| PY Contributions Grants | $0 | PYContributionsGrantsAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $125,144,322 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $140,388,214 | CYProgramServiceRevenueAmt |
| PY Investment Income | $10,143,610 | PYInvestmentIncomeAmt |
| CY Investment Income | $8,292,402 | CYInvestmentIncomeAmt |
| PY Other Revenue | $14,367,917 | PYOtherRevenueAmt |
| CY Other Revenue | $13,830,051 | CYOtherRevenueAmt |
| PY Total Revenue | $149,655,849 | PYTotalRevenueAmt |
| CY Total Revenue | $162,510,667 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $1,505,036 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $455,500 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $3,616,406 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $6,848,240 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $106,640,181 | PYOtherExpensesAmt |
| CY Other Expenses | $124,865,017 | CYOtherExpensesAmt |
| PY Total Expenses | $111,761,623 | PYTotalExpensesAmt |
| CY Total Expenses | $132,168,757 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $37,894,226 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $30,341,910 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $2,646,259,614 | TotalAssetsBOYAmt |
| Total Assets EOY | $2,794,746,842 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $2,332,611,139 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $2,450,756,457 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $313,648,475 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $343,990,385 | NetAssetsOrFundBalancesEOYAmt |
| Mission | PROVIDES FUNDING FOR EDUCATIONAL LOANS AND PROVIDES FUNDING FOR STUDENT OUTREACH PROGRAMS FOR GRADES 6-12; GRANTS FOR SCHOLARSHIPS. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Expense | $103,481,419 | ExpenseAmt |
| Grant | $136,000 | GrantAmt |
| Revenue | $140,388,214 | RevenueAmt |
| Desc | 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. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $286,718 | ExpenseAmt |
| Grant | $2,000 | GrantAmt |
| Desc | 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. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $424,198 | ExpenseAmt |
| Grant | $319,500 | GrantAmt |
| Desc | The grant/scholarship program provides scholarships to students who demonstrate, through an application process, academic achievement, financial need, and involvement in community services. During 2015, ESA funded grants that provided $319,500 in scholarships to 57 students. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $104,192,335 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (true) | DescribedInSection501c3Ind |
| Schedule B Required | false | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Lobbying Activities | false | LobbyingActivitiesInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | false | CollectionsOfArtInd |
| Credit Counseling | false | CreditCounselingInd |
| Temp Or Permanent Endowments | false | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (true) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | false | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | false | ReportProgramRelatedInvstInd |
| Report Other Assets | false | ReportOtherAssetsInd |
| Report Other Liabilities | false | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (true) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | false | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (true) | ConsolidatedAuditFinclStmtInd |
| School Operating | false | SchoolOperatingInd |
| Foreign Office | false | ForeignOfficeInd |
| Foreign Activities | false | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | false | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | Yes (true) | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (true) | GrantsToIndividualsInd |
| Schedule J Required | Yes (true) | ScheduleJRequiredInd |
| Tax Exempt Bonds | false | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | false | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | false | PYExcessBenefitTransInd |
| Loan Outstanding | false | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | false | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | false | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | false | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | Yes (true) | DisregardedEntityInd |
| Related Entity | Yes (true) | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (true) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | Yes (true) | TransactionWithControlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | false | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 39 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Employee | 38 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (true) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | false | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 8 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 5 | IndependentVotingMemberCnt |
| Family Or Business Rln | false | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | false | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | false | MembersOrStockholdersInd |
| Election Of Board Members | false | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | false | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | false | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (true) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (true) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (true) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (true) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (true) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (true) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (true) | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | BILL THOMPSON | PersonNm |
| Phone | 8658243051 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 12700 KINGSTON PIKE | AddressLine1Txt |
| City | Knoxville | CityNm |
| State Abbreviation | TN | StateAbbreviationCd |
| ZIP | 37934 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part VII | Yes (X) | InfoInScheduleOPartVIIInd |
Form990 Part VII Section A Form990PartVIISectionAGrp (12 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|
| John Arnold | ||||||||
| President | 20.0 | 0.0 | Yes (X) | Yes (X) | $630,930 | $267,497 | $23,740 | |
| Leo Cooper | ||||||||
| Director | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||
| Dwight Kessel | ||||||||
| Director | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||
| Tommy Schumpert | ||||||||
| Director | 15.0 | 0.0 | Yes (X) | $93,000 | $0 | $0 | ||
| Bill Thompson | ||||||||
| CFO | 20.0 | 0.0 | Yes (X) | Yes (X) | $275,959 | $268,744 | $20,943 | |
| John Griess | ||||||||
| Director | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||
| Greg Sawyers | ||||||||
| Compliance | 20.0 | 0.0 | Yes (X) | $47,976 | $28,201 | $1,183 | ||
| Jeff Gibbs | ||||||||
| CIO | 20.0 | 0.0 | Yes (X) | $156,329 | $137,708 | $9,249 | ||
| Eric Stewart | ||||||||
| COO | 40.0 | 0.0 | Yes (X) | $236,481 | $0 | $28,067 | ||
| Tildon Hood | ||||||||
| Compliance | 20.0 | 0.0 | Yes (X) | $22,850 | $12,567 | $236 | ||
| Darwin Jarman | ||||||||
| Facilities Manager | 40.0 | 0.0 | $120,284 | $0 | $10,249 | Yes (X) | ||
| William Taylor | ||||||||
| Systems Admin | 40.0 | 0.0 | $105,606 | $0 | $6,223 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $1,689,415 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $714,717 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $99,890 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 6 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | false | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (true) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| BDO USA LLP | |||||
| PO Box 642743 | PITTSBURG | PA | 15264 | AUDIT/TAX PREP | $974,745 |
| American Education ServicesPHEAA | |||||
| PO Box 64849 | BALTIMORE | MD | 21264 | Loan Servicing | $5,245,634 |
| Morgan Stanley Domestic Holdings L | |||||
| 1585 Broadway | NEW YORK | NY | 10036 | UNDERWRITING | $1,832,641 |
| Bright Futures Financial | |||||
| 5100 78th Avenue N Ste 1 | PINELLAS PARK | FL | 33781 | CONSOLIDATIONS | $1,771,601 |
| Great Lakes | |||||
| PO Box 8970 | MADISON | WI | 53708 | Loan Servicing | $1,843,792 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 32 | CntrctRcvdGreaterThan100KCnt |
| Info In Schedule O Part VIII | Yes (X) | InfoInScheduleOPartVIIIInd |
| Total Contributions | $0 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| INTEREST & FEES ON STUDENT LOANS | 522200 | $145,607,741 | $145,607,741 |
| GAIN/LOSS ON SALE OF STUDENT LOANS | 522200 | -$5,219,527 | -$5,219,527 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $140,388,214 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $10,298,639 | TotalRevenueColumnAmt |
| Exclusion | $10,298,639 | ExclusionAmt |
Incm From Invest Bond Proceeds IncmFromInvestBondProceedsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Royalties Revenue RoyaltiesRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $427,659 | RealAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $73,189 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $354,470 | RealAmt |
| Personal | $0 | PersonalAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $354,470 | TotalRevenueColumnAmt |
| Exclusion | $354,470 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $11,050,365 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $13,056,602 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | -$2,006,237 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$2,006,237 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | -$2,006,237 | RelatedOrExemptFuncIncomeAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Net Income From Gaming NetIncomeFromGamingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Net Income Or Loss NetIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Other Revenue Misc OtherRevenueMiscGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | ExclusionExclusionAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|---|
| MISCELLANEOUS INCOME | 900099 | $90,909 | $90,909 | |
| ADMINISTRATION FEES | 900099 | $8,328,397 | $8,328,397 | |
| LOAN SERVICING FEES | 900099 | $5,056,275 | $5,056,275 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $13,475,581 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $162,510,667 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $151,766,649 | RelatedOrExemptFuncIncomeAmt |
| Exclusion | $10,744,018 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $136,000 | TotalAmt |
| Program Services | $136,000 | ProgramServicesAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $319,500 | TotalAmt |
| Program Services | $319,500 | ProgramServicesAmt |
Foreign Grants ForeignGrantsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Benefits To Members BenefitsToMembersGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,501,812 | TotalAmt |
| Program Services | $1,171,413 | ProgramServicesAmt |
| Management And General | $330,399 | ManagementAndGeneralAmt |
Comp Disqual Persons CompDisqualPersonsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,786,417 | TotalAmt |
| Program Services | $4,473,485 | ProgramServicesAmt |
| Management And General | $312,932 | ManagementAndGeneralAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $77,203 | TotalAmt |
| Program Services | $60,218 | ProgramServicesAmt |
| Management And General | $16,985 | ManagementAndGeneralAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $312,558 | TotalAmt |
| Program Services | $243,795 | ProgramServicesAmt |
| Management And General | $68,763 | ManagementAndGeneralAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $170,250 | TotalAmt |
| Program Services | $132,795 | ProgramServicesAmt |
| Management And General | $37,455 | ManagementAndGeneralAmt |
Fees For Services Management FeesForServicesManagementGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $797,114 | TotalAmt |
| Program Services | $621,749 | ProgramServicesAmt |
| Management And General | $175,365 | ManagementAndGeneralAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $60,808 | TotalAmt |
| Program Services | $47,430 | ProgramServicesAmt |
| Management And General | $13,378 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $860,005 | TotalAmt |
| Program Services | $670,804 | ProgramServicesAmt |
| Management And General | $189,201 | ManagementAndGeneralAmt |
Fees For Services Lobbying FeesForServicesLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,456,132 | TotalAmt |
| Program Services | $3,534,025 | ProgramServicesAmt |
| Management And General | $922,107 | ManagementAndGeneralAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $231,167 | TotalAmt |
| Program Services | $180,317 | ProgramServicesAmt |
| Management And General | $50,850 | ManagementAndGeneralAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $791,075 | TotalAmt |
| Program Services | $604,713 | ProgramServicesAmt |
| Management And General | $186,362 | ManagementAndGeneralAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Royalties RoyaltiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $92,572 | TotalAmt |
| Program Services | $72,206 | ProgramServicesAmt |
| Management And General | $20,366 | ManagementAndGeneralAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $97,335 | TotalAmt |
| Program Services | $90,376 | ProgramServicesAmt |
| Management And General | $6,959 | ManagementAndGeneralAmt |
Pymt Travel Entrtnmnt Pub Ofcl PymtTravelEntrtnmntPubOfclGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $10,898 | TotalAmt |
| Program Services | $8,500 | ProgramServicesAmt |
| Management And General | $2,398 | ManagementAndGeneralAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $81,915,994 | TotalAmt |
| Program Services | $63,894,475 | ProgramServicesAmt |
| Management And General | $18,021,519 | ManagementAndGeneralAmt |
Payments To Affiliates PaymentsToAffiliatesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $589,360 | TotalAmt |
| Program Services | $461,723 | ProgramServicesAmt |
| Management And General | $127,637 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $729,815 | TotalAmt |
| Program Services | $687,646 | ProgramServicesAmt |
| Management And General | $42,169 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt |
|---|---|---|---|
| LOAN SERVICING & ADMIN FEES | $25,925,253 | $20,221,697 | $5,703,556 |
| OUTREACH COMMUNITY EDUCATION | $286,718 | $286,718 | |
| TRUSTEE FEES | $205,913 | $160,612 | $45,301 |
| LOAN LOSS RESERVE | $493,000 | $384,540 | $108,460 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,321,858 | TotalAmt |
| Program Services | $5,727,598 | ProgramServicesAmt |
| Management And General | $1,594,260 | ManagementAndGeneralAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $132,168,757 | TotalAmt |
| Program Services | $104,192,335 | ProgramServicesAmt |
| Management And General | $27,976,422 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,887,525 | BOYAmt |
| EOY | $5,662,718 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $149,862,827 | BOYAmt |
| EOY | $151,184,346 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,350,061,054 | BOYAmt |
| EOY | $2,487,366,367 | EOYAmt |
Receivables From Officers Etc ReceivablesFromOfficersEtcGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $307,169 | BOYAmt |
| EOY | $345,656 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $2,927,721 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $279,948 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $15,244,793 | BOYAmt |
| EOY | $2,647,773 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $78,734,879 | BOYAmt |
| EOY | $87,544,887 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Intangible Assets IntangibleAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $47,161,367 | BOYAmt |
| EOY | $59,995,095 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,646,259,614 | BOYAmt |
| EOY | $2,794,746,842 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $314,696,437 | BOYAmt |
| EOY | $191,687,051 | EOYAmt |
Grants Payable GrantsPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Escrow Account Liability EscrowAccountLiabilityGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Loans From Officers Directors LoansFromOfficersDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,017,914,702 | BOYAmt |
| EOY | $2,259,069,406 | EOYAmt |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,332,611,139 | BOYAmt |
| EOY | $2,450,756,457 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $313,648,475 | BOYAmt |
| EOY | $343,990,385 | EOYAmt |
Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $313,648,475 | BOYAmt |
| EOY | $343,990,385 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,646,259,614 | BOYAmt |
| EOY | $2,794,746,842 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $30,341,910 | ReconcilationRevenueExpnssAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | Yes (true) | 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 (true) | AuditCommitteeInd |
| Federal Grant Audit Required | Yes (true) | FederalGrantAuditRequiredInd |
| Federal Grant Audit Performed | Yes (true) | 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 Minus4 Years | $0 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $0 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $0 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $0 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $0 | CurrentTaxYearAmt |
| Total | $0 | TotalAmt |
Gross Receipts Admissions GrossReceiptsAdmissionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $66,530,940 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $93,931,032 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $99,775,987 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $125,144,322 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $140,388,214 | CurrentTaxYearAmt |
| Total | $525,770,495 | TotalAmt |
Gross Receipts Non Unrlt Bus GrossReceiptsNonUnrltBusGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Tax Rev Levied Orgnztnl Bnft509 TaxRevLeviedOrgnztnlBnft509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Govt Furn Srvc Fclts Vl509 GovtFurnSrvcFcltsVl509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Total509 Total509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $66,530,940 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $93,931,032 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $99,775,987 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $125,144,322 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $140,388,214 | CurrentTaxYearAmt |
| Total | $525,770,495 | TotalAmt |
Amounts Rcvd Dsqlfy Person AmountsRcvdDsqlfyPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | 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) |
|---|---|---|
| Total | $0 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total509 | $525,770,495 | PublicSupportTotal509Amt |
Gross Investment Income509 GrossInvestmentIncome509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $4,256,038 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $50,038,904 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $8,875,654 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $11,243,447 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $10,726,298 | CurrentTaxYearAmt |
| Total | $85,140,341 | TotalAmt |
Post1975 UBTI Post1975UBTIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Investment Income And UBTI InvestmentIncomeAndUBTIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $4,256,038 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $50,038,904 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $8,875,654 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $11,243,447 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $10,726,298 | CurrentTaxYearAmt |
| Total | $85,140,341 | TotalAmt |
Net Income From Other UBI NetIncomeFromOtherUBIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Other Income509 OtherIncome509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $827,506 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $1,589,169 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $5,417,216 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $8,242,421 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $8,328,397 | CurrentTaxYearAmt |
| Total | $24,404,709 | TotalAmt |
Total Support Calendar Year TotalSupportCalendarYearGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $71,614,484 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $145,559,105 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $114,068,857 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $144,630,190 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $159,442,909 | CurrentTaxYearAmt |
| Total | $635,315,545 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support CY509 | 0.82757 | PublicSupportCY509Pct |
| Public Support PY509 | 0.81923 | PublicSupportPY509Pct |
| Investment Income CY | 0.13401 | InvestmentIncomeCYPct |
| Investment Income PY | 0.14950 | InvestmentIncomePYPct |
| Thirty Thr Pct Suprt Tests CY509 | Yes (X) | ThirtyThrPctSuprtTestsCY509Ind |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Art Public Exhibition Amounts | ArtPublicExhibitionAmountsGrp | |
| Held Works Art | HeldWorksArtGrp | |
| Agent Trustee Etc | false | AgentTrusteeEtcInd |
| CY Minus3 Yr Endwmt Fund | CYMinus3YrEndwmtFundGrp | |
| CY Minus4 Yr Endwmt Fund | CYMinus4YrEndwmtFundGrp |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | $0 | InvestmentCostOrOtherBasisAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | $0 | InvestmentCostOrOtherBasisAmt |
| Depreciation | $0 | DepreciationAmt |
| Book Value | $0 | BookValueAmt |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | $0 | InvestmentCostOrOtherBasisAmt |
| Depreciation | $0 | DepreciationAmt |
| Book Value | $0 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | $48,336 | InvestmentCostOrOtherBasisAmt |
| Depreciation | $36,031 | DepreciationAmt |
| Book Value | $12,305 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | $2,973,275 | InvestmentCostOrOtherBasisAmt |
| Depreciation | $337,807 | DepreciationAmt |
| Book Value | $2,635,468 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $2,647,773 | TotalBookValueLandBuildingsAmt |
| Federal Income Tax Liability | $0 | FederalIncomeTaxLiabilityAmt |
| Total Liability | $0 | TotalLiabilityAmt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | schedule d, part xiii | FormAndLineReferenceDesc |
| Explanation | asc 740(formerly 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 taxing authority. asc 740 also provides guidance on de-recognition, measurement, classification, interest and penalties, accounting for interim periods, disclosure and transition issues with respect to tax positions. the company did not have any significant uncertain tax positions as of december 31, 2015, 2014, and 2013. | ExplanationTxt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (true) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Recipient EINRecipientEIN | IRC SectionIRCSectionDesc | Cash GrantCashGrantAmt | Purpose Of GrantPurposeOfGrantTxt |
|---|---|---|---|---|---|---|---|
| The University of Tennessee-Knoxville | |||||||
| 211 Student Services Bldg | Knoxville | TN | 37996 | 626001636 | 501(c)(3) | $100,000 | Donation |
| The University of Tennessee Foundation | |||||||
| Suite 100 UT Conference Cntr | Knoxville | TN | 37996 | 621844686 | 501(c)(3) | $36,000 | Donation |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 2 | Total501c3OrgCnt |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Type | Various Scholarships - Privacy Protected Info | GrantTypeTxt |
| Recipient | 59 | RecipientCnt |
| Cash Grant | $321,500 | CashGrantAmt |
| Valuation Method Used | N/A | ValuationMethodUsedDesc |
| Non Cash Assistance | N/A | NonCashAssistanceDesc |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | form 990, schedule i | FormAndLineReferenceDesc |
| Explanation | The grant/scholarship program provides scholarships to students who demonstrate, through an application process, academic achievement, financial need, and involvement in community services. During 2015, ESA funded grants that provided $321,500 in scholarships to 59 students. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Club Dues Or Fees | Yes (X) | ClubDuesOrFeesInd |
| Written Policy Ref T And E Expnss | Yes (true) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (true) | SubstantiationRequiredInd |
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Independent Consultant | Yes (X) | IndependentConsultantInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | false | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | false | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | false | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | false | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | false | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | false | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | false | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | false | AnyNonFixedPaymentsInd |
| Initial Contract Exception | false | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (4 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| John Arnold | ||||||||||||||
| President | $630,930 | $263,542 | $0 | $0 | $0 | $3,955 | $740 | $23,000 | $0 | $0 | $631,670 | $290,497 | $17,500 | $0 |
| Bill Thompson | ||||||||||||||
| CFO | $274,939 | $264,583 | $0 | $0 | $1,020 | $4,161 | $0 | $18,000 | $2,943 | $0 | $278,902 | $286,744 | $9,783 | $0 |
| Jeff Gibbs | ||||||||||||||
| CIO | $118,624 | $102,708 | $35,000 | $35,000 | $2,705 | $0 | $4,593 | $4,131 | $525 | $0 | $161,447 | $141,839 | $6,312 | $0 |
| Eric Stewart | ||||||||||||||
| COO | $210,635 | $0 | $25,000 | $0 | $846 | $0 | $25,000 | $0 | $3,067 | $0 | $264,548 | $0 | $23,000 | $0 |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (5 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| 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 13 | esa employee conduct and work rules (code) require directors, officers, and employees to observe high standards of business and personal conduct in their duties and responsibilities. it is the responsibility of all directors, officers, and employees to comply with the code and to report violations or suspected violations in accordance with the whistleblower policy. no director, officer, or employee who in good faith reports a violation of the code shall suffer harrassment, retaliation, or adverse employment consequence. the code addresses reporting violations and handling of reported violation. |
| part vi, section b, line 15a & 15b | 15(a) - 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. |
| part vi, section b, line 11 | 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. |
Schedule R IRS990ScheduleR
Id Disregarded Entities IdDisregardedEntitiesGrp (12 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Total IncomeTotalIncomeAmt | End Of Year AssetsEndOfYearAssetsAmt | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt |
|---|---|---|---|---|---|---|---|---|---|
| Edsouth Indenture #1 LLC | |||||||||
| 12700 Kingston Pike | Farragut | TN | 37934 | 999999999 | Student loans | TN | $3,116,226 | $77,396,673 | NA |
| North Oaks LLC | |||||||||
| 12700 Kingston Pike | Farragut | TN | 37934 | 999999999 | student loans | TN | -$14,849,485 | $183,853,735 | na |
| Edsouth Indenture #2 LLC | |||||||||
| 12700 Kingston Pike | Farragut | TN | 37934 | 999999999 | Student Loans | TN | $16,632,380 | $192,370,526 | na |
| Edsouth Indenture #3 LLC | |||||||||
| 12700 Kingston Pike | Farragut | TN | 37934 | 999999999 | Student Loans | TN | $17,876,409 | $265,535,462 | na |
| Edsouth Indenture #4 LLC | |||||||||
| 12700 Kingston Pike | Farragut | TN | 37934 | 999999999 | Student Loans | TN | $19,056,695 | $333,445,688 | na |
| Edsouth Indenture #5 LLC | |||||||||
| 12700 Kingston Pike | Farragut | TN | 37934 | 999999999 | Student loans | TN | $7,869,745 | $128,663,727 | na |
| Edsouth Indenture #6 LLC | |||||||||
| 12700 Kingston Pike | Farragut | TN | 37934 | 999999999 | Student loans | TN | $16,771,525 | $298,597,603 | na |
| Edsouth Indenture #7 LLC | |||||||||
| 12700 Kingston Pike | Farragut | TN | 37934 | 999999999 | Student loans | TN | $9,089,144 | $150,229,245 | na |
| Edsouth Indenture #8 LLC | |||||||||
| 12700 Kingston Pike | Farragut | TN | 37934 | 999999999 | Student loans | TN | $14,436,098 | $240,778,973 | na |
| Farragut LLC | |||||||||
| 12700 Kingston Pike | Farragut | TN | 37934 | 999999999 | Student loans | TN | -$15,542,434 | $0 | na |
| Edsouth Indentue #9 LLC | |||||||||
| 12700 Kingston Pike | Farragut | TN | 37934 | 999999999 | Student loans | TN | $16,774,486 | $457,703,797 | na |
| Edsouth Indenture #10 LLC | |||||||||
| 12700 Kingston Pike | Farragut | TN | 37934 | 999999999 | Student loans | TN | $823,783 | $221,365,569 | na |
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp (3 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt | Entity TypeEntityTypeTxt | Share Of Total IncomeShareOfTotalIncomeAmt | Share Of EOY AssetsShareOfEOYAssetsAmt | OwnershipOwnershipPct | Controlled OrganizationControlledOrganizationInd |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| SouthEast Bancorp Inc | ||||||||||||
| 12700 Kingston Pike | Farragut | TN | 37934 | 262930965 | Commercial Bank | TN | NA | C Corp | $11,012,942 | $91,302,769 | 1.00000 | Yes (true) |
| SouthEast Bank | ||||||||||||
| 12700 Kingston Pike | Farragut | TN | 37934 | 621859961 | Banking Investmen | TN | SouthEast Banco | C Corp | $52,358,466 | $892,972,742 | 1.00000 | Yes (true) |
| Southeast Bancshares Inc Statutory Tru | ||||||||||||
| 12700 Kingston Pike | Farragut | TN | 37934 | 376417777 | Banking Investmen | TN | SouthEast Banco | C Corp | 1.00000 | Yes (true) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | Yes (true) | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | Yes (true) | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | false | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | false | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | false | LoansOrGuaranteesFromOthOrgInd |
| Asset Sale To Other Org | Yes (true) | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | Yes (true) | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | false | AssetExchangeInd |
| Rental Of Facilities To Oth Org | false | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | Yes (true) | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | Yes (true) | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | false | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | false | SharingOfFacilitiesInd |
| Paid Employees Sharing | Yes (true) | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | Yes (true) | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | Yes (true) | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | false | TransferToOtherOrgInd |
| Transfer From Other Org | false | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp (9 entries)
| Transaction TypeTransactionTypeTxt | InvolvedInvolvedAmt | Method Of Amount DeterminationMethodOfAmountDeterminationTxt |
|---|---|---|
| SouthEast Bank | ||
| a | $93,502 | actual |
| SouthEast Bank | ||
| b | net book | |
| SouthEast Bank | ||
| g | $134,532,836 | actual |
| SouthEast Bank | ||
| h | $190,451,769 | actual |
| SouthEast Bancorp Inc | ||
| k | $457,613 | actual |
| SouthEast Bank | ||
| l, o | $1,111,299 | estimation |
| SouthEast Bancorp Inc | ||
| p | $3,251 | actual |
| SouthEast Bank | ||
| p | $130 | actual |
| SouthEast Bank | ||
| q | $317,304 | actual |