2016-11-15T06:58:15-06:00 2015-12-31 BDO USA LLP 5430 WADE PARK BLVD SUITE 208 RALEIGH NC 27606 990 2015-01-01 621586836 Educational Services of America Inc % BILL THOMPSON EDUC 8658243051 12700 Kingston Pike Knoxville TN 37934 BILL THOMPSON CFO 8658243051 2016-11-15 true William M Owens P01435860 9197549370 X 2015 2017-02-10 21:41:12Z Edsouth Services JOHN ARNOLD 12700 KINGSTON PIKE Knoxville TN 37934 175640458 false X www.edsouthservices.com X 1994 TN provides funding for educational loans and provides funding for student outreach programs for grades 6-12; grants for scholarships 8 5 38 0 0 0 0 125144322 140388214 10143610 8292402 14367917 13830051 149655849 162510667 1505036 455500 0 0 3616406 6848240 0 0 0 106640181 124865017 111761623 132168757 37894226 30341910 2646259614 2794746842 2332611139 2450756457 313648475 343990385 PROVIDES FUNDING FOR EDUCATIONAL LOANS AND PROVIDES FUNDING FOR STUDENT OUTREACH PROGRAMS FOR GRADES 6-12; GRANTS FOR SCHOLARSHIPS. false false 103481419 136000 140388214 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. 286718 2000 The student outreach program provides prospective and current students and their families resources and tools to assist with college and career planning. The program helps students and their families plan for the cost of higher education by explaining various options and sources for funding. 424198 319500 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. 104192335 true false false false false false false false false true false false false false true false true false false false false false false false false false true true true false false false false false false false false false false false false true true true true false false true 39 0 38 true false false false false false false false false false false X 8 5 false false false false false false false true true false false true true true true true true true true false X BILL THOMPSON 8658243051 12700 KINGSTON PIKE Knoxville TN 37934 X John Arnold President 20.0 0.0 X X 630930 267497 23740 Leo Cooper Director 1.0 0.0 X 0 0 0 Dwight Kessel Director 1.0 0.0 X 0 0 0 Tommy Schumpert Director 15.0 0.0 X 93000 0 0 Bill Thompson CFO 20.0 0.0 X X 275959 268744 20943 John Griess Director 1.0 0.0 X 0 0 0 Greg Sawyers Compliance 20.0 0.0 X 47976 28201 1183 Jeff Gibbs CIO 20.0 0.0 X 156329 137708 9249 Eric Stewart COO 40.0 0.0 X 236481 0 28067 Tildon Hood Compliance 20.0 0.0 X 22850 12567 236 Darwin Jarman Facilities Manager 40.0 0.0 X 120284 0 10249 William Taylor Systems Admin 40.0 0.0 X 105606 0 6223 1689415 714717 99890 6 false true false BDO USA LLP PO Box 642743 PITTSBURG PA 15264 AUDIT/TAX PREP 974745 American Education ServicesPHEAA PO Box 64849 BALTIMORE MD 21264 Loan Servicing 5245634 Morgan Stanley Domestic Holdings L 1585 Broadway NEW YORK NY 10036 UNDERWRITING 1832641 Bright Futures Financial 5100 78th Avenue N Ste 1 PINELLAS PARK FL 33781 CONSOLIDATIONS 1771601 Great Lakes PO Box 8970 MADISON WI 53708 Loan Servicing 1843792 32 X 0 INTEREST & FEES ON STUDENT LOANS 522200 145607741 145607741 GAIN/LOSS ON SALE OF STUDENT LOANS 522200 -5219527 -5219527 140388214 10298639 10298639 0 0 427659 73189 354470 0 354470 354470 11050365 13056602 -2006237 -2006237 -2006237 0 0 0 MISCELLANEOUS INCOME 900099 90909 90909 ADMINISTRATION FEES 900099 8328397 8328397 LOAN SERVICING FEES 900099 5056275 5056275 13475581 162510667 151766649 10744018 136000 136000 319500 319500 0 0 1501812 1171413 330399 0 4786417 4473485 312932 77203 60218 16985 312558 243795 68763 170250 132795 37455 797114 621749 175365 60808 47430 13378 860005 670804 189201 0 0 0 4456132 3534025 922107 231167 180317 50850 791075 604713 186362 0 0 92572 72206 20366 97335 90376 6959 0 10898 8500 2398 81915994 63894475 18021519 0 589360 461723 127637 729815 687646 42169 LOAN SERVICING & ADMIN FEES 25925253 20221697 5703556 OUTREACH COMMUNITY EDUCATION 286718 286718 TRUSTEE FEES 205913 160612 45301 LOAN LOSS RESERVE 493000 384540 108460 7321858 5727598 1594260 132168757 104192335 27976422 0 4887525 5662718 149862827 151184346 0 0 2350061054 2487366367 0 0 0 0 0 0 0 0 307169 345656 2927721 279948 15244793 2647773 0 0 78734879 87544887 0 0 0 0 47161367 59995095 2646259614 2794746842 314696437 191687051 0 0 0 0 0 0 0 0 0 0 2017914702 2259069406 0 0 0 0 2332611139 2450756457 X 313648475 343990385 0 0 0 0 313648475 343990385 2646259614 2794746842 30341910 X false true X true true true X 0 0 0 0 0 0 66530940 93931032 99775987 125144322 140388214 525770495 0 0 0 66530940 93931032 99775987 125144322 140388214 525770495 0 0 0 525770495 4256038 50038904 8875654 11243447 10726298 85140341 0 4256038 50038904 8875654 11243447 10726298 85140341 0 827506 1589169 5417216 8242421 8328397 24404709 71614484 145559105 114068857 144630190 159442909 635315545 0.82757 0.81923 0.13401 0.14950 X false 0 0 0 0 0 0 0 48336 36031 12305 2973275 337807 2635468 2647773 0 0 schedule d, part xiii 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. true The University of Tennessee-Knoxville 211 Student Services Bldg Knoxville TN 37996 626001636 501(c)(3) 100000 Donation The University of Tennessee Foundation Suite 100 UT Conference Cntr Knoxville TN 37996 621844686 501(c)(3) 36000 Donation 2 Various Scholarships - Privacy Protected Info 59 321500 N/A N/A form 990, schedule i 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. X true true X X X false false false false false false false false false John Arnold President 630930 263542 0 0 0 3955 740 23000 0 0 631670 290497 17500 0 Bill Thompson CFO 274939 264583 0 0 1020 4161 0 18000 2943 0 278902 286744 9783 0 Jeff Gibbs CIO 118624 102708 35000 35000 2705 0 4593 4131 525 0 161447 141839 6312 0 Eric Stewart COO 210635 0 25000 0 846 0 25000 0 3067 0 264548 0 23000 0 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. 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