2016-08-11T11:26:23-05:00 2015-09-30 861065772 DELOITTE TAX LLP 111 MONUMENT CIRCLE SUITE 4200 INDIANAPOLIS IN 462045108 990 2014-10-01 946050341 UNITED STUDENT AID FUNDS INC UNIT 3178061231 9998 CROSSPOINT BLVD NO 400 INDIANAPOLIS IN 462563307 STEPHEN C HAM EVP & CFO 3178061231 2016-08-11 1 SHAWNA M JIMENEZ P01222873 3174648600 2014 2016-12-15 16:53:06Z WILLIAM HANSEN 9998 CROSSPOINT BLVD NO 400 INDIANAPOLIS IN 462563307 1111986125 0 X WWW.USAFUNDS.ORG X 1960 DE TO ENHANCE POSTSECONDARY EDUCATION PREPAREDNESS, ACCESS AND SUCCESS. 12 11 192 0 62821 -96736 5221 0 547262952 451734048 46052701 92139112 0 0 593320874 543873160 24178386 24583684 0 0 29665932 27105022 0 0 0 375134025 320787017 428978343 372475723 164342531 171397437 1288047474 1353187938 256555323 279818814 1031492151 1073369124 X 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. 0 0 27753212 34228012 GUARANTEE SERVICES - UNITED STUDENT AID FUNDS, INC. MAINTAINS A PORTFOLIO OF OVER $51.8 BILLION IN OUTSTANDING EDUCATIONAL LOAN GUARANTEES IN ACCORDANCE WITH THE HIGHER EDUCATION ACT OF 1965, AS AMENDED. 8649381 9253223 DEFAULT AVERSION - UNITED STUDENT AID FUNDS, INC. WORKED WITH BORROWERS AND SUCCESSFULLY AVERTED DEFAULTS ON OVER $18.9 BILLION OF DELINQUENT EDUCATIONAL LOANS REPORTED BY LENDERS IN THE CURRENT YEAR. 268811968 347618685 COLLECTION ON DEFAULTED LOANS - UNITED STUDENT AID FUNDS, INC. SUCCESSFULLY COLLECTED OVER $1.9 BILLION ON DEFAULTED EDUCATIONAL LOANS IN THE CURRENT YEAR. 34581067 24583684 60634128 INCLUDES OTHER GUARANTOR REVENUES, AS DEFINED BY THE US HIGHER EDUCATION ACT AND ADMINISTRATIVE FEES CHARGED TO RELATED TAX EXEMPT ORGANIZATIONS. 34581067 24583684 60634128 339795628 1 0 0 1 0 0 0 0 1 0 1 1 0 1 1 1 0 1 0 0 1 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 94 0 1 192 1 1 1 0 0 0 0 0 0 0 0 0 X 12 11 0 0 1 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 AZ CA IL IN OR X DEBORAH L MCCLOUD 3178061231 9998 CROSSPOINT BLVD SUITE 400 INDIANAPOLIS IN 462563307 IKE BATALIS BOARD MEMBER 8.00 1.00 X 65120 0 0 REV WILLIAM BEAUCHAMP BOARD MEMBER 5.00 2.00 X 41000 0 0 BLAKE DEVITT BOARD MEMBER 6.00 1.00 X 51450 0 0 MARSHALL GRIGSBY BOARD MEMBER 6.00 1.00 X 69218 0 0 NORMAN LEFSTEIN BOARD MEMBER THRU 12/17/14 5.00 0.00 X 45921 0 0 ILENE NAGEL BOARD MEMBER 6.00 1.00 X 50236 0 0 WILLIAM NEALE BOARD MEMBER 5.00 1.00 X 44537 0 0 ERNEST NEWBORN II BOARD MEMBER 7.00 1.00 X 43000 0 0 EDWARD SCHMIDT BOARD MEMBER 6.00 1.00 X 67370 0 0 ERIK MORENO BOARD MEMBER 6.00 1.00 X 50500 0 0 MARLENE COULIS BOARD MEMBER 5.00 1.00 X 64236 0 0 MICHAEL KING BOARD MEMBER 5.00 0.00 X 0 0 0 WILLIAM HANSEN PRESIDENT & CEO 40.00 8.00 X X 880716 0 196539 STEPHEN C HAM EVP & CFO 40.00 4.00 X 420989 0 85629 DAVID B BOODT EVP & GENERAL COUNSEL 40.00 4.00 X 381204 0 67456 GREGORY AYERS SVP GS/ADMIN THRU 12/19/14 40.00 1.00 X 330620 0 618146 ROBERT BALLARD SVP ACC/OUT THRU 12/19/14 40.00 0.00 X 350154 0 682029 CAROL D'AMICO EVP NAT ENG & MISS ADV 40.00 3.00 X 344402 0 40230 MARK PELESH EVP CORP & BUS DEV 40.00 3.00 X 394149 0 63048 LARRY LUTZ SVP STUDENT FIN PROG 40.00 2.00 X 325494 0 40071 CRAIG P ANDERSON SVP BUS DEV 40.00 0.00 X 286659 0 28858 DEBORAH MCCLOUD VP & CONTROLLER 30.00 5.00 X 183688 0 50187 LEONARD GURIN VP CASH & INVESTMENTS 40.00 0.00 X 194398 0 52014 JONI M ANDERSON VP & SR CORP COUNSEL 30.00 10.00 X 202840 0 47652 KAREN L DEVILLA SENIOR PROGRAM OFFICER 20.00 20.00 X 187435 0 212057 HENRY L FERNANDEZ SENIOR PROGRAM OFFICER 40.00 0.00 X 214784 0 140645 DAVID C LONG VP OF SALES 40.00 0.00 X 213740 0 52134 MILAN D TESANOVICH BUSINESS DEVELOPMENT 40.00 0.00 X 190144 0 51898 CARL DALSTROM FORMER PRESIDENT & CEO 0.00 0.00 X 274881 0 0 DENISE B FESER FORMER VP SSS 0.00 0.00 X 629071 0 1559 TERRY MUILENBURG FORMER SVP GOV'T RELATIONS 0.00 0.00 X 871873 0 42617 7469829 0 2472769 69 1 1 0 NAVIENT 11100 USA PARKWAY FISHERS IN 46038 GUARANTOR SERVICES 336776126 LANDMARK MEDIA ENTERPRISES LLC 150 WEST BRAMBLETON AVENUE NORFOLK VA 235102075 DATA HOSTING 661315 ERNST & YOUNG 111 MONUMENT CIR 4000 INDIANAPOLIS IN 46204 ACCOUNTING & AUDIT SERVICES 391000 MORGAN LEWIS & BOCKIUS LLP 1800 M STREET NW WASHINGTON DC 200365869 LEGAL FEES 377750 KELLY SERVICES INC 1212 SOLUTIONS CENTER CHICAGO IL 606771002 CONTRACTOR SERVICES 375907 27 COLLECTIONS ON DEFAULT 611710 347618685 347618685 GUARANTEE SERVICES 611710 34228012 34228012 DEFAULT AVERSION FEES 611710 9253223 9253223 60634128 60634128 451734048 19509671 62821 19446850 620825050 19917356 568112965 0 52712085 19917356 72629441 72629441 543873160 451734048 62821 92076291 24333684 24333684 250000 250000 5381012 5381012 15795518 4666349 11129169 501080 144569 356511 4294635 1239066 3055569 1132777 299872 832905 1348111 467726 880385 431940 431940 174006 174006 1514394 1514394 5298243 1765928 3532315 419656 112291 307365 83585 23075 60510 2111900 597516 1514384 1155423 1155423 1105589 143121 962468 577704 64930 512774 2866 2866 361679 361679 407360 407360 COLLECTION EXPENSE 246811968 246811968 0 0 ACCT. MAINT. & ISSUANCE 27753212 27753212 0 0 CONTINGENT EXPENSE 22000000 22000000 0 0 DEFAULT AVERSION FEES 8649381 8649381 0 0 580000 472940 107060 372475723 339795628 32680095 0 31158138 7806557 47349328 45984082 23568794 18559075 3417992 2602213 921189 815779 485381213 401955917 471022131 626310782 228646681 251755746 1288047474 1353187938 57178942 81725590 14326760 18997064 27881459 22097448 157168162 129998712 0 27000000 256555323 279818814 X 1031492151 1073369124 0 0 1031492151 1073369124 1288047474 1353187938 X 171397437 -122997587 -6522877 X 0 1 X 1 1 1 X 147909 5221 153130 392137408 419207130 496160542 547262952 451734048 2306502080 392137408 419207130 496308451 547268173 451734048 2306655210 125000 125000 0 125000 125000 2306530210 14372724 15931613 17783084 17729082 19446850 85263353 14372724 15931613 17783084 17729082 19446850 85263353 44477 44477 406510132 435138743 514091535 564997255 471225375 2391963040 0.96430 0.96730 0.03560 0.03260 X 0 0 0 0 1 0 0 0 0 1 136083 0 1 40000 176083 0 PART II-B, LINE 1: UNITED STUDENT AID FUNDS, INC. PAYS DUES TO THE UNITED STATES CHAMBER OF COMMERCE - A PORTION OF WHICH IS ALLOCABLE TO LOBBYING ACTIVITIES. 0 1 X 230230 156196 74034 2210318 1606597 603721 977444 839420 138024 815779 FIXED INCOME: CORPORATE BONDS 154171228 F FIXED INCOME: ASSET-BACKED SECURITIES 46802414 F FIXED INCOME: MUNICIPAL BONDS 45164167 F DIRECT INVESTMENTS 11034770 F HEDGE FUNDS - EQUITY 88093307 F HEDGE FUNDS - FIXED INCOME 32776403 F LIMITED LIABILITY CORPORATIONS - EQUITY 91036492 F LIMITED LIABILITY CORPORATIONS - FIXED INCOME 40405017 F LIMITED LIABILITY PARTNERSHIPS - EQUITY 50734405 F LIMITED LIABILITY PARTNERSHIPS - FIXED INCOME 22908747 F PRIVATE EQUITIES 28882908 F POOLED SEPARATE ACCOUNTS 14300924 F 626310782 RECEIVABLE FROM FED FUND 114195299 ASSETS HELD ON BEHALF OF FED RESERVE 129998712 DUE FROM AFFILIATES 2516332 DEFAULTED LOANS PURCHASED 45403 INSURANCE RECEIVABLE 5000000 251755746 RESERVE FOR CONTINGENT LIABILITY 27000000 27000000 X PART IV, LINE 2B: LIABILITIES INCURRED ON BEHALF OF THE FEDERAL RESERVE FUND. PART X, LINE 2: PER THE CONSOLIDATED FINANCIAL STATEMENTS OF UNITED STUDENT AID FUNDS, INC., "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, 2015 AND 2014." CENTRAL AMERICA & THE CARIBBEAN INVESTMENTS 94390870 EUROPE (INCLUDING ICELAND & GREENLAND) INVESTMENTS 28113279 NORTH AMERICA INVESTMENTS 3395992 EAST ASIA AND THE PACIFIC INVESTMENTS 730800 SUB-SAHARAN AFRICA INVESTMENTS 873082 0 0 0 0 0 0 127504023 0 127504023 1 0 1 1 1 0 1 100 BLACK MEN OF AMERICA INC 141 AUBURN AVENUE ATLANTA GA 30303 581974429 501(C)(3) 25000 OPERATING GRANT 100 BLACK MEN OF INDIANAPOLIS 3901 N MERIDIAN ST SUITE 10 INDIANAPOLIS IN 46208 351813852 501(C)(3) 30000 OPERATING GRANT ADVANCEMENT THROUGH OPPORTUNITY AND KNOWLEDGE INCORPORATED 1200 W 37TH PL LOS ANGELES CA 90007 954415115 501(C)(3) 500000 OPERATING GRANT ALAMO COMMUNITY COLLEGE DISTRICT FOUNDATION 1801 MARTIN LUTHER KING DRIVE SAN ANTONIO TX 78203 742422589 501(C)(3) 100000 OPERATING GRANT ALASKA COMMISSION ON POSTSECONDARY EDUCATION 3030 VINTAGE BLVD JUNEAU AK 99801 926001185 STATE OF AK 15520 OPERATING GRANT AMERICAN ACTION FORUM 1747 PENNSYLVANIA AVENUE NW FIFTH FLOOR WASHINGTON DC 20006 270567765 501(C)(3) 100000 OPERATING GRANT AMERICAN ASSOCIATION OF STATE COLLEGES AND UNIVERSITIES 1307 NEW YORK AVE NW 5TH FLOOR WASHINGTON DC 20005 520747578 501(C)(3) 353000 OPERATING GRANT AMERICAN ENTERPRISE INSTITUTE FOR PUBLIC POLICY RESEARCH 1150 SEVENTEENTH STREET NW WASHINGTON DC 20036 530218495 501(C)(3) 324773 OPERATING GRANT AMERICAN INDIAN COLLEGE FUND 8333 GREENWOOD BLVD DENVER CO 80221 521573446 501(C)(3) 200000 OPERATING GRANT ARIZONA COMMISSION FOR POSTSECONDARY EDUCATION 2020 NORTH CENTRAL SUITE 650 PHOENIX AZ 85004 866004791 STATE OF AZ 25000 OPERATING GRANT ARIZONA STATE UNIVERSITY FOUNDATION FOR A NEW AMERICAN UNIVERSITY PO BOX 2260 TEMPE AZ 85280 866051042 501(C)(3) 250000 OPERATING GRANT ASIAN & PACIFIC ISLANDER AMERICAN SCHOLARSHIP FUND 2025 M ST NW SUITE 610 WASHINGTON DC 20036 571192973 501(C)(3) 325000 OPERATING GRANT ASSOCIATION OF AMERICAN COLLEGES & UNIVERSITIES 1818 R STREET NW WASHINGTON DC 20009 521945674 501(C)(3) 499798 OPERATING GRANT ASSOCIATION OF PUBLIC 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GLEANERS FOOD BANK OF INDIANA 3737 WALDEMERE AVENUE INDIANAPOLIS IN 46241 351483868 501(C)(3) 59894 OPERATING GRANT/MATCHING GIFTS GRAMBLING STATE UNIVERSITY 403 MAIN ST BOX 4279 GRAMBLING LA 71245 726000751 501(C)(3) 35500 OPERATING GRANT GRANTMAKERS FOR EDUCATION 720 SW WASHINGTON STREET SUITE 605 PORTLAND OR 97205 330919329 501(C)(3) 25000 OPERATING GRANT HEALTH AND SCIENCE INNOVATIONS INC 2060 N SHADELAND AVE SUITE 110 INDIANAPOLIS IN 46219 452836061 501(C)(3) 10000 OPERATING GRANT HISPANIC SCHOLARSHIP FUND 1411 W 19TH STREET SUITE 325 GARDENA CA 90248 521051044 501(C)(3) 200000 OPERATING GRANT HUSTON-TILLOTSON UNIVERSITY 900 CHICON ST AUSTIN TX 78702 741180151 501(C)(3) 100000 OPERATING GRANT IMANI AID INC PO BOX 40111 INDIANAPOLIS IN 46240 273473768 501(C)(3) 10000 MATCHING GIFTS INDIANA BLACK EXPO INC 3145 N MERIDIAN ST INDIANAPOLIS IN 46208 351406245 501(C)(3) 250000 OPERATING GRANT INDIANA COMMISSION FOR HIGHER EDUCATION 101 W OHIO STREET SUITE 550 INDIANAPOLIS IN 46204 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90485 OPERATING GRANT LA PLAZA INC 8902 E 38TH STREET INDIANAPOLIS IN 46226 300029575 501(C)(3) 10000 OPERATING GRANT LEADERSUP 2401 ELLIOTT AVENUE SUITE 375 SEATTLE WA 98121 462606773 501(C)(3) 235000 OPERATING GRANT LOUISIANA OFFICE OF STUDENT FINANCIAL ASSISTANCE (LOSFA) PO BOX 91202 BATON ROUGE LA 70821 720591742 STATE OF LA 14000 OPERATING GRANT MARIAN UNIVERSITY 3200 COLD SPRING ROAD INDIANAPOLIS IN 46222 350868175 501(C)(3) 65000 OPERATING GRANT/MATCHING GIFTS MARTIN UNIVERSITY 2171 AVONDALE PLACE INDIANAPOLIS IN 46218 310970262 501(C)(3) 232500 OPERATING GRANT/MATCHING GIFTS MASSACHUSETTS ASSOCIATION OF FINANCIAL AID ADMINISTRATORS PO BOX 66003 AUBURNDALE MA 02466 042792003 501(C)(3) 12000 OPERATING GRANT MENTORING WOMEN'S NETWORK FOUNDATION INC 202 EAST MARKET STREET INDIANAPOLIS IN 46204 462992450 501(C)(3) 256000 OPERATING GRANT MIAMI UNIVERSITY FOUNDATION 725 E CHESTNUT ST OXFORD OH 45056 316026014 501(C)(3) 13000 DIRECTED GIFT MID-EASTERN ASSOC OF EDUCATIONAL OPPORTUNITY PROGRAM PERSONNEL PO BOX 181 COCKEYSVILLE MD 21030 310939782 501(C)(3) 25000 OPERATING GRANT MIDWESTERN HIGHER EDUCATION COMPACT 105 5TH AVENUE SOUTH MINNEAPOLIS MN 55401 383011476 501(C)(3) 200000 OPERATING GRANT MINNESOTA MINORITY EDUCATION PARTNERSHIP INC 2233 UNIVERSITY AVENUE WEST SUITE 220 SAINT PAUL MN 55114 411699505 501(C)(3) 14000 OPERATING GRANT MISSOURI DEPARTMENT OF HIGHER EDUCATION PO BOX 1469 205 JEFFERSON STREET JEFFERSON CITY MO 65102 300249822 STATE OF MO 14050 OPERATING GRANT MONTANA DEPARTMENT OF LABOR & INDUSTRY 1315 EAST LOCKEY HELENA MT 59601 810302402 STATE OF MT 300000 OPERATING GRANT MONTANA UNIVERSITY SYSTEM 1315 EAST LOCKEY HELENA MT 59601 810302402 STATE OF MT 350000 OPERATING GRANT MURRAY STATE COLLEGE ONE MURRAY CAMPUS TISHOMINGO OK 73460 736017987 STATE OF OK 95000 OPERATING GRANT NATIONAL ALLIANCE FOR PUBLIC CHARTER SCHOOLS 1101 15TH STREET NW STE 1010 WASHINGTON DC 20005 300274709 501(C)(3) 15000 OPERATING GRANT NATIONAL CENTER FOR HIGHER EDUCATION MANAGEMENT SYSTEMS (NCHEMS) 3035 CENTER GREEN DRIVE BOULDER CO 80301 741894594 501(C)(3) 599800 OPERATING GRANT NATIONAL COLLEGE ACCESS NETWORK 1001 CONNECTICUT AVE NW SUITE 300 WASHINGTON DC 20036 311793562 501(C)(3) 581900 OPERATING GRANT NATIONAL CONFERENCE OF STATE LEGISLATURES 7700 EAST FIRST PLACE DENVER CO 80230 840772595 STATE OF CO 520926 OPERATING GRANT NATIONAL GUARD YOUTH FOUNDATION 415 N LEE STREET ALEXANDRIA VA 22314 541940978 501(C)(3) 10000 OPERATING GRANT NATIONAL SKILLS COALITION 1730 RHODE ISLAND AVENUE NW SUITE 712 WASHINGTON DC 20036 300075580 501(C)(3) 500000 OPERATING GRANT NATIONAL URBAN LEAGUE 120 WALL STREET 8TH FLOOR NEW YORK NY 10005 131840489 501(C)(3) 600000 OPERATING GRANT NEW JERSEY ASSOCIATION OF STUDENT FINANCIAL AID ADMINISTRATORS INC 4 QUAKERBRIDGE PLAZA TRENTON NJ 08625 222615338 501(C)(3) 15000 OPERATING GRANT NEW SCHOOLS VENTURE FUND 1970 BROADWAY 350 OAKLAND CA 94612 943281780 501(C)(3) 25000 OPERATING GRANT NEW YORK STATE FINANCIAL AID ADMINISTRATORS ASSOCIATION INC KINGSBOROUGH COMMUNITY COLLEGE CUNY FINANCIAL AID OFFICE 2001 ORIENTAL BROOKLYN NY 11235 132836102 501(C)(3) 8200 OPERATING GRANT OASFAA SINCLAIR COMMUNITY COLLEGE FINANCIAL AID SCHOLARSHIPS 10-324A DAYTON OH 45402 310883788 501(C)(3) 25000 OPERATING GRANT OBERLIN COLLEGE 50 W LORAIN STREET OBERLIN OH 44074 340714363 501(C)(3) 7500 MATCHING GIFTS OFFICE OF EDUCATION INNOVATION 5255 WINTHROP AVENUE INDIANAPOLIS IN 46220 352155455 501(C)(3) 35000 OPERATING GRANT OKLAHOMA STATE UNIVERSITY INSTITUTE OF TECHNOLOGY-OKMULGEE 1801 E 4TH STREET OKMULGEE OK 74447 736017987 STATE OF OK 79119 OPERATING GRANT OREGON STUDENT ACCESS COMMISSION 1500 VALLEY RIVER DRIVE SUITE 100 EUGENE OR 97401 936015581 STATE OF OR 20000 OPERATING GRANT PACIFIC FINANCIAL AID ASSOCIATION 1314 S KING STREET SUITE 1164 HONOLULU HI 96814 200429061 501(C)(3) 12000 OPERATING GRANT PARTNERSHIP FOR LEARNING EDUGUIDE 321 NORTH PINE STREET LANSING MI 48933 382955237 501(C)(3) 19400 OPERATING GRANT PAUL QUINN COLLEGE 3837 SIMPSON STUART RD DALLAS TX 75241 741238438 501(C)(3) 125000 OPERATING GRANT PEAK TO PEAK CHARTER SCHOOLS INC 800 MERLIN DR LAFAYETTE CO 80026 841462870 501(C)(3) 15000 DIRECTED GIFT PILGRIM PLACE 625 MAYFLOWER RD CLAREMONT CA 91711 951691301 501(C)(3) 20000 MATCHING GIFTS PROJECT LEAD THE WAY 3939 PRIORITY WAY SOUTH DRIVE SUITE 400 INDIANAPOLIS IN 46240 141816385 501(C)(3) 2220000 OPERATING GRANT PROVIDENCE CRISTO REY HIGH SCHOOL 75 N BELLEVIEW PLACE INDIANAPOLIS IN 46222 203585867 501(C)(3) 54500 OPERATING GRANT PURDUE UNIVERSITY PURDUE UNIVERSITY-ACCOUNTS RECEIVABLE SPONSORED PROGRAM SERVIC CHICAGO IL 606731235 356002041 501(C)(3) 15000 DIRECTED GIFT READING IS FUNDAMENTAL INC 1730 RHODE ISLAND AVE NW 11TH FLOOR FLOOR WASHINGTON DC 20036 520976257 501(C)(3) 25000 OPERATING GRANT REBUILDING TOGETHER 414 N COLLEGE AVENUE INDIANAPOLIS IN 46202 352099908 501(C)(3) 5500 OPERATING GRANT RHODE ISLAND STUDENT LOAN AUTHORITY(RISLA) 560 JEFFERSON BLVD SUITE 200 WARWICK 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COURT INDIANAPOLIS IN 46250 562442758 501(C)(3) 50000 OPERATING GRANT STATE HIGHER EDUCATION EXECUTIVE OFFICERS 3035 CENTER GREEN DR SUITE 100 BOULDER CO 80301 237167258 501(C)(3) 47446 OPERATING GRANT STATE OF NEVADA 209 E MUSSER STREET ROOM 200 CARSON CITY NV 89701 886000022 STATE OF NV 111000 OPERATING GRANT STUDENT ASSISTANCE FOUNDATION OF MONTANA 2500 BROADWAY PO BOX 203101 HELENA MT 59620 810527529 501(C)(3) 14000 OPERATING GRANT SUSQUEHANNA UNIVERSITY 514 UNIVERSITY AVENUE SELINSGROVE PA 17870 231353385 501(C)(3) 29000 DIRECTED GIFT/MATCHING GIFTS TEACH FOR AMERICA 1314 N MERIDIAN ST SUITE 200 INDIANAPOLIS IN 46202 133451913 501(C)(3) 8500 OPERATING GRANT TEENWORKS 2820 N MERIDIAN STREET SUITE 1250 INDIANAPOLIS IN 46208 462047309 501(C)(3) 25000 OPERATING GRANT TENNESSEE HIGHER EDUCATION COMMISSION SUITE 1900 PARKWAY TOWERS 404 JAMES ROBERTSON PARKWAY NASHVILLE TN 37243 626001445 STATE OF TN 10000 OPERATING GRANT THANKSUSA 1390 CHAIN BRIDGE RD 260 MCLEAN VA 22101 203973151 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20004 411750692 501(C)(3) 200000 OPERATING GRANT TRUCKEE MEADOWS COMMUNITY COLLEGE FOUNDATION ALEXANDRIA VA 22314 RENO NV 89512 880185319 501(C)(3) 100000 OPERATING GRANT US DREAM ACADEMY INC 5950 SYMPHONY WOODS RD SUITE 504 COLUMBIA MD 21044 593514841 501(C)(3) 100000 OPERATING GRANT UNITED NEGRO COLLEGE FUND 3737 N MERIDIAN STREET SUITE 203 INDIANAPOLIS IN 46208 131624241 501(C)(3) 213475 OPERATING GRANT/MATCHING GIFTS UNITED STATES CONFERENCE OF MAYORS 1620 I STREET NW 4TH FLOOR WASHINGTON DC 20006 530196642 501(C)(3) 320000 OPERATING GRANT UNITED TRIBES TECHNICAL COLLEGE 3315 UNIVERSITY DRIVE BISMARCK ND 58504 450314233 501(C)(3) 50000 OPERATING GRANT UNITED WAY OF CENTRAL INDIANA 3901 N MERIDIAN INDIANAPOLIS IN 46208 351007590 501(C)(3) 97016 MATCHING GIFTS UNIVERSITY OF HAWAII 2444 DOLE STREET BACHMAN HALL 105 HONOLULU HI 96822 990085260 501(C)(3) 4616710 OPERATING GRANT UNIVERSITY OF HAWAII MAUI COLLEGE 310 W KAAHUMANU AVENUE KAHULUI HI 96732 996000354 STATE OF HI 51754 OPERATING GRANT UNIVERSITY OF NEW MEXICO FOUNDATION INCORPORATED 700 LOMAS BLVD NE TWO WOODWARD CTR ALBUQUERQUE NM 87102 850275408 501(C)(3) 14000 OPERATING GRANT UNIVERSITY OF NOTRE DAME DU LAC 1100 GRACE HALL NOTRE DAME IN 465565612 350868188 501(C)(3) 15000 MATCHING GIFTS UNIVERSITY OF PENNSYLVANIA 601 FRANKLIN BLDG 3451 WALNUT ST PHILADELPHIA PA 191046205 231352685 501(C)(3) 22500 DIRECTED GIFT/MATCHING GIFTS UNIVERSITY OF PORTLAND 5000 N WILLAMETTE BLVD PORTLAND OR 97203 930401259 501(C)(3) 25002 MATCHING GIFTS UNIVERSITY OF TEXAS AT AUSTIN MAIN BUILDING 400 G3400 P O BOX T AUSTIN TX 787138920 746000203 501(C)(3) 25000 DIRECTED GIFT UNIVERSITY OF WISCONSIN FOUNDATION 1848 UNIVERSITY AVENUE MADISON WI 53726 390743975 501(C)(3) 24000 DIRECTED GIFT/MATCHING GIFTS URBAN ALLIANCE 2030 Q STREET NW WASHINGTON DC 20009 521938443 501(C)(3) 500000 OPERATING GRANT US CHAMBER OF COMMERCE FOUNDATION 1615 H STREET NW WASHINGTON DC 20062 461561597 501(C)(3) 2093400 OPERATING GRANT VANGUARD CHARITABLE ENDOWMENT PROGRAM 95 WELLS AVENUE SUITE 155 NEWTON MA 024593204 232888152 501(C)(3) 10000 MATCHING GIFTS VERMONT STUDENT ASSISTANCE CORP 10 EAST ALLEN STREET PO BOX 2000 WINOOSKI VT 05404 300216589 501(C)(3) 15000 OPERATING GRANT WASHINGTON STUDENT ACHIEVEMENT COUNCIL 917 LAKERIDGE WAY SW OLYMPIA WA 98504 455122913 STATE OF WA 28500 OPERATING GRANT WESLEYAN COLLEGE 4760 FORSYTH ROAD MACON GA 31210 580593438 501(C)(3) 67650 OPERATING GRANT WEST VIRGINIA HIGHER EDUCATION POLICY COMMISSION 1018 KANAWHA BOULEVARD EAST SUITE 700 CHARLESTON WV 25301 550517092 STATE OF WV 18000 OPERATING GRANT WISCONSIN ASSOCIATION OF STUDENT FINANCIAL AID ADMINISTRATORS INC 133 RIVER DRIVE WAUSAU WI 54403 396279228 501(C)(3) 16500 OPERATING GRANT WOUNDED WARRIOR PROJECT 4899 BELFORT ROAD SUITE 300 JACKSONVILLE FL 32256 202370934 501(C)(3) 50000 OPERATING GRANT YEAR UP INC 45 MILK STREET - 9TH FLOOR BOSTON MA 02109 043534407 501(C)(3) 300000 OPERATING GRANT YOUTH MENTORING INITIATIVE PO BOX 743 FISHERS IN 46038 262543447 501(C)(3) 5500 OPERATING GRANT 173 0 FASFA COMPLETION HELP 10000 250000 PART I, LINE 2: 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 ORIGINAL GRANT REQUEST. IN ADDITION, PROGRAM OFFICERS PERFORM SITE VISITS OR ATTEND EVENTS THAT UNITED STUDENT AID FUNDS, INC. HAS SPONSORED. X X X 1 1 X X X X X X 1 1 0 0 0 0 0 1 0 WILLIAM HANSEN PRESIDENT & CEO 476715 0 339500 0 64501 0 171073 0 25466 0 1077255 0 0 0 STEPHEN C HAM EVP & CFO 266818 0 127719 0 26452 0 63261 0 22368 0 506618 0 0 0 DAVID B BOODT EVP & GENERAL COUNSEL 245515 0 114653 0 21036 0 39490 0 27966 0 448660 0 0 0 GREGORY AYERS SVP GS/ADMIN THRU 12/19/14 204316 0 92830 0 33474 0 592680 0 25466 0 948766 0 0 0 ROBERT BALLARD SVP ACC/OUT THRU 12/19/14 221118 0 105898 0 23138 0 658961 0 23068 0 1032183 0 0 0 CAROL D'AMICO EVP NAT ENG & MISS ADV 230297 0 108166 0 5939 0 30847 0 9383 0 384632 0 0 0 MARK PELESH EVP CORP & BUS DEV 261715 0 123618 0 8816 0 37582 0 25466 0 457197 0 0 0 LARRY LUTZ SVP STUDENT FIN PROG 232716 0 79719 0 13059 0 14605 0 25466 0 365565 0 0 0 CRAIG P ANDERSON SVP BUS DEV 221265 0 63775 0 1619 0 892 0 27966 0 315517 0 0 0 DEBORAH MCCLOUD VP & CONTROLLER 148435 0 32999 0 2254 0 27919 0 22268 0 233875 0 0 0 LEONARD GURIN VP CASH & INVESTMENTS 150930 0 34631 0 8837 0 25548 0 26466 0 246412 0 0 0 JONI M ANDERSON VP & SR CORP COUNSEL 151887 0 34950 0 16003 0 26253 0 21399 0 250492 0 0 0 KAREN L DEVILLA SENIOR PROGRAM OFFICER 159653 0 24991 0 2791 0 186591 0 25466 0 399492 0 0 0 HENRY L FERNANDEZ SENIOR PROGRAM OFFICER 160316 0 40666 0 13802 0 113558 0 27087 0 355429 0 0 0 DAVID C LONG VP OF SALES 174253 0 38873 0 614 0 26668 0 25466 0 265874 0 0 0 MILAN D TESANOVICH BUSINESS DEVELOPMENT 151888 0 33823 0 4433 0 28830 0 23068 0 242042 0 0 0 CARL DALSTROM FORMER PRESIDENT & CEO 0 0 0 0 274881 0 0 0 0 0 274881 0 0 0 DENISE B FESER FORMER VP SSS 6119 0 0 0 622952 0 1559 0 0 0 630630 0 0 0 TERRY MUILENBURG FORMER SVP GOV'T RELATIONS 126923 0 67987 0 676963 0 27962 0 14655 0 914490 0 0 0 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. TAX INDEMNIFICATION AND GROSS-UP PAYMENTS - GROSS-UP PAYMENTS WERE MADE FOR TEMPORARY HOUSING AND COMMUTING EXPENSES FOR ONE OF THE OFFICERS LISTED IN PART VII. UNITED STUDENT AID FUNDS, INC. INCLUDED THE ABOVE APPLICABLE EXPENSES IN THE EMPLOYEE'S W-2 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 RECEIVED SEVERANCE PAYMENTS FROM THE ORGANIZATION DURING CALENDAR YEAR 2014: DENISE FESER $603,000 TERRY MUILENBURG $663,000 DURING CALENDAR YEAR 2014, SEVERANCE WAS ACCRUED FOR THE FOLLOWING OFFICERS: GREGORY AYERS $554,196 ROBERT BALLARD $609,792 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 2014. 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. FORM 990, PART VI, SECTION A, LINE 4 EFFECTIVE FEBRUARY 12, 2015, UNITED STUDENT AID FUNDS, INC. AMENDED ITS ARTICLES OF INCORPORATION AND BYLAWS. THE SIGNIFICANT CHANGES ARE AS FOLLOWS: - USA FUNDS, INC. BECAME THE SOLE CORPORATE MEMBER OF UNITED STUDENT AID FUNDS, INC. - THE NUMBER OF THE BOARD OF TRUSTEES SHALL CONSIST OF NOT LESS THAN TEN NOR MORE THAN SIXTEEN. FORM 990, PART VI, SECTION A, LINE 6 USA FUNDS, 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 USA FUNDS, INC. IS THE SOLE MEMBER OF UNITED STUDENT AID FUNDS, INC. AS THE SOLE MEMBER, USA FUNDS 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 VACANCY ON THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION A, LINE 7B UNITED STUDENT AID FUNDS, INC.'S SOLE MEMBER IS USA FUNDS, 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 ONCE THE FORM 990 IS PREPARED BY THE COMPANY, WITH ASSISTANCE FROM THE EXTERNAL TAX ACCOUNTING FIRM, THE FORM AND ALL APPLICABLE SCHEDULES ARE PROVIDED TO THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES FOR REVIEW. AFTER THE AUDIT COMMITTEE HAS COMPLETED THEIR REVIEW, THE FORM AND ALL APPLICABLE SCHEDULES ARE PROVIDED TO THE FULL BOARD IN ADVANCE OF THE FORM BEING FILED WITH THE IRS, ALLOWING TIME FOR REVIEW AND COMMENT BY THE FULL BOARD. 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 INTEREST DISCLOSURE STATEMENT THAT DISCLOSES ACTUAL OR POTENTIAL CONFLICTS OF INTEREST AS SET FORTH IN THE APPROVED CONFLICTS OF INTEREST POLICY FOR TRUSTEES. THE DISCLOSURE STATEMENTS ARE REVIEWED BY THE GOVERNANCE 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 GOVERNANCE COMMITTEE AND THE CORPORATE 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 ARE MADE BY A COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES 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 PUBLIC INSPECTION AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: NET ACTUARIAL GAIN RELATED TO EMPLOYEE BENEFIT PLANS -522,877. FUND BALANCE TRANSFERS TO EDUCATION AT WORK -6,000,000. NORTHWEST EDUCATION LOAN ASSOCIATION PO BOX 6028 INDIANAPOLIS IN 462066028 911068278 STUDENT LOAN GUARANTOR WA 501(C)(3) 9 UNITED STUDENT AID FUNDS INC 1 EDUCATION AT WORK 4850 SMITH ROAD CINCINNATI OH 45212 454035038 STUDENT EMPLOYMENT OPPORTUNITIES OH 501(C)(3) 9 UNITED STUDENT AID FUNDS INC 1 USA FUNDS INC 9998 CROSSPOINT BLVD STE 400 INDIANAPOLIS IN 462563307 473044430 PARENT COMPANY DE 501(C)(3) 11C, III-FI N/A 0 1 0 0 1 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 EDUCATION AT WORK R 6000000 FMV EDUCATION AT WORK D 1450000 FMV EDUCATION AT WORK A 10743 FMV NORTHWEST EDUCATION LOAN ASSOCIATION L 110760 FMV NORTHWEST EDUCATION LOAN ASSOCIATION Q 121535 COST REIMBURSEMENT