2015-02-13T14:40:08-06:00 2014-03-31 GRANT THORNTON LLP 2001 MARKET STREET SUITE 700 PHILADELPHIA PA 19103 990 2013-04-01 232719985 Access Group Inc % CHRISTOPHER CHAPMAN ACCE 4846533300 10 North High Street Suite 400 West Chester PA 19380 Christopher Chapman President & CEO 4846533362 2015-02-13 true Frank Giardini P00532355 4846533362 2013 2016-03-07 17:11:31Z Christopher Chapman 10 North High Street Suite 400 West Chester PA 19380 294730073 false X www.accessgroup.org X 1993 DE The organization provides affordable access to higher education through financial support, educational & other programs/services to help aspiring professionals achieve success 11 10 108 389628 313079 0 0 248472023 225100822 3360345 19990395 2350000 255651 254182368 245346868 0 0 0 0 8805091 8471460 0 0 0 193040600 172537832 201845691 181009292 52336677 64337576 7165126062 6603521195 6784497211 6154458549 380628851 449062646 The Organization provides affordable access to higher education through financial support, educational programs and other programs and services to help aspiring professionals achieve success. false false 173819207 224711194 The primary activity is in support of the organization's student loan borrowers in facilitating timely repayment through interest rate reduction incentives and providing quality customer service, counseling, issue resolution, default aversion and post default management. In addition, the organization provides continuing development activities around affordable student loan programs and maintenance of infrastructure to promote access to higher education through lending programs offered to students at member and other postsecondary institutions when needed. The organization also provides financial aid literacy services to students and administrators at member and other postsecondary institutions, and offers a needs analysis tool to assist in the efficient delivery of grant aid. 173819207 true false false false false false false false false false true false false false true true false true false false false false false false false false false false false true false false false false false false false false false false false false true true true false false false true 1697 0 true 108 true true true false false false false false false false false false X 11 10 false false false false true true true true true false false true true true true true true true true false X CHRISTOPHER CHAPMAN 4846533300 10 NORTH HIGH STREET SUITE 400 West Chester PA 19380 Hannah R Arterian Board Chair 6.0 X X 0 0 0 W H Knight Jr Board Vice Chair 6.0 X X 0 0 0 Robert K Rasmussen Board Secretary/Treasurer 6.0 X X 0 0 0 Mary Crossley Director 6.0 X 0 0 0 E Lynn Hampton Director 6.0 X 0 0 0 Rondy E Jennings Director 6.0 X 0 0 0 Richard A Matasar Director 6.0 X 0 0 0 Pauline A Schneider Director 6.0 X 0 0 0 Kent D Syverud Director (End 12/2013) 6.0 X 0 0 0 William KS Wang Director 6.0 X 0 0 0 Christopher Chapman President & CEO 50.0 X X 673659 0 32499 Charles A Albano EVP and COO (SD 7/2013) 50.0 X 116872 0 2109 Catharine Bailey VP Member Srvcs (SD 12/2013) 50.0 X 5399 0 0 Kathleen A Smith SVP Pub Affairs (SD 5/2013) 50.0 X 110717 0 14532 Debra Swartz VP legal Affairs/CCO (SD 10/13 50.0 X 27048 0 5428 Richard Sultzer VP Controller (ed 11/2013) 50.0 X 359484 0 41279 Jean M Francois SVP Loan Op (ed 2/2014) 50.0 X 267735 0 42379 Paul G Quigley VP Portfolio Mgmt (ed 3/2014) 50.0 X 253069 0 31359 Mary Chan VP IT Data & Info Management 50.0 X 223491 0 39682 Keith Coughey VP Risk Management 50.0 X 206259 0 43080 Kathleen M Majofsky Manager Compliance & Loan Ops 50.0 X 157063 0 27981 Richard L Colden Manager Portfolio Management 50.0 X 142573 0 37790 James R Cassity Manager IT 50.0 X 144949 0 19338 Christopher D Clements Manager Database Management 50.0 X 140046 0 22742 Glenn A Gabe Director Loan Administration 50.0 X 125009 0 33768 2953373 0 393966 22 false true false CAMBRIDGE ASSOCIATES LLC 100 Summer Street BOSTON MA 021102112 Investment Services 577138 KPMG LLP 1601 Market Street PHILADELPHIA PA 19103 Audit Services 407779 FOLEY LARDNER LLP 777 East Wisconsin Avenue MILWAUKEE WI 532025306 Legal Services 399429 Kirkland Ellis LLP 655 15th street NW WASHINGTON DC 20005 legal services 398157 Lewtan Technologies 410 Totten Pond Road 4th Floor WALTHAM MA 02451 IT Consulting 350756 9 0 STUDENT LOAN PROGRAM 900099 225100822 224711194 389628 225100822 4529015 4529015 0 255651 255651 0 0 0 64851003 -6418 49383205 15467798 -6418 15461380 15461380 0 0 0 0 245346868 224711194 389628 20246046 0 0 0 0 2496080 2021825 474255 0 2975462 1270947 1704515 324936 263198 61738 2181148 1234685 946463 493834 293421 200413 0 876756 291032 585724 235481 66550 168931 0 0 486576 486576 13125499 12862758 262741 131253 127355 3898 667527 216625 450902 647163 622053 25110 0 2538499 1183682 1354817 293460 255761 37699 0 161724 161724 96510670 96510670 0 759098 723967 35131 391172 391172 CONSOLIDATION LOAN REBATE FEE 25378125 25378125 PROVISION FOR LOAN LOSSES 29813051 29813051 AMORTIZATION OF FEES 492044 492044 MISC ADJUSTMENTS TO PORTFOLIO 19960 19960 9774 9774 181009292 173819207 7190085 0 1000 597473 0 0 0 0 40128340 2497884 0 0 0 0 6503599048 5934188211 0 0 31382706 32726936 5715566 4074032 2061633 1641534 309639192 393808835 0 0 0 0 0 0 278314143 238060322 7165126062 6603521195 12137962 10379876 0 0 0 0 0 0 0 0 0 0 0 0 6771156765 6142526419 1202484 1552254 6784497211 6154458549 X 380628851 449062646 0 0 0 0 380628851 449062646 7165126062 6603521195 X 64337576 3596796 499423 X false true X true false X 0 0 0 0 0 0 270241233 298737688 281396323 250246452 224711194 1325332890 0 0 0 270241233 298737688 281396323 250246452 224711194 1325332890 0 0 0 1325332890 925621 1774712 2688061 3901980 4784666 14075040 0 925621 1774712 2688061 3901980 4784666 14075040 122733 267154 428087 288790 1106764 0 271166854 300635133 284351538 254576519 229784650 1340514694 0.98867 0.99250 0.01050 0.00699 X 335798 42982 292816 5172758 3983010 1189748 207010 48040 158970 1641534 0 PAYROLL RELATED LIABILITIES 1525358 OTHER CURRENT LIABILITIES 26896 1552254 X Part X The Company accounts for uncertainties in income taxes based on a threshold of more-likely-than-not for recognition and rerecognition of tax positions taken or expected to be taken in a tax return. The Company has no uncertain tax positions meeting the threshold. X true true X X X X X true false false false false false false false false Christopher Chapman President & CEO 517625 0 153539 0 2495 0 30999 0 1500 0 706158 0 Richard Sultzer VP Controller (ed 11/2013) 167310 0 62589 0 129585 0 35046 0 6233 0 400763 0 Jean M Francois SVP Loan Op (ed 2/2014) 209596 0 55817 0 2322 0 36396 0 5983 0 310114 0 Paul G Quigley VP Portfolio Mgmt (ed 3/2014) 202308 0 49951 0 810 0 25815 0 5544 0 284428 0 Mary Chan VP IT Data & Info Management 179846 0 39881 0 3764 0 36408 0 3274 0 263173 0 Keith Coughey VP Risk Management 176257 0 26438 0 3564 0 36597 0 6483 0 249339 0 Kathleen M Majofsky Manager Compliance & Loan Ops 134500 0 19765 0 2798 0 24237 0 3744 0 185044 0 Richard L Colden Manager Portfolio Management 127219 0 14956 0 398 0 26746 0 11044 0 180363 0 James R Cassity Manager IT 129657 0 14926 0 366 0 14214 0 5124 0 164287 0 Christopher D Clements Manager Database Management 130501 0 5930 0 3615 0 14362 0 8380 0 162788 0 Glenn A Gabe Director Loan Administration 110981 0 13047 0 981 0 31829 0 1939 0 158777 0 Health or social club dues or initiation fees Schedule J, Part I, Line 1a The Organization will reimburse membership fees to health clubs up to a maximum of $200 per year for any employee who provides sufficient substantiation as required under the Organization's policy related thereto. Severance or change of control Schedule J, Part I, Line 4a Richard Sultzer - Severance Pay $98,000 Form 990, Part VI, Line 6 Members or Stockholders Access Group, Inc. is a Delaware nonprofit, non-stock corporation. It is a membership organization whose "institutional" members, as more specifically defined in its bylaws, are state-operated or otherwise federally tax-exempt law schools located in the United States that are accredited by the Council on Legal Education and Admissions to the Bar of the American Bar Association. Form 990, Part VI, Line 7a Members or Stockholders Who May Elect Pursuant to the Organization's bylaws, the Board of Directors may consist of not more than thirteen directors. The institutional members elect the minimum number of directors necessary to constitute a majority of the total number of directors (the "Class A Directors"). The remaining directors (the "Class B Directors") are elected by the Class A Directors then serving. Form 990, Part VI, Line 7b Decisions Subject to Approval The Organization's bylaws provide that the institutional members must approve the following actions of the board of directors: the revocation, repeal, amendment, or modification of certain provisions of the bylaws and the revocation, repeal, amendment or modification of Article X of its Certificate of Incorporation, regarding distributions upon liquidation of the Organization. The Delaware General Corporation Law also provides that certain actions by the Board of Directors be approved by the institutional members. Form 990, Part VI, Line 11b Form 990 Review Process This IRS Form 990 was prepared by the Organization's management, in consultation with the Organization's external tax accountants and attorneys. Pursuant to the provisions of its charter, the Audit Committee of the Board of Directors reviewed a draft of this Form 990 at a meeting prior to filing. A complete copy of this Form 990, including all required schedules, was provided to each of the Organization's directors prior to its filing with the IRS. Form 990, Part VI, Line 12c Conflict of Interest Policy Monitoring & Enforcement The Organization's conflict of interest policy requires each interested person (defined as the Organization's directors, officers, and key employees) to disclose any financial interest (certain ownership interest or compensation arrangements) they may have in connection with a proposed transaction between the Organization and a third party. The Board of Directors will determine if such financial interest constitutes a conflict of interest and will employ the policy's procedures for addressing any such conflict. All interested persons provide a written certification annually affirming that they have received and understand the policy and agree to comply with it, and listing any conflicts, business relationships or family relationships that may give rise to a conflict. The Audit Committee of the Board considers all disclosed issues and management monitors and reports any actual or potential conflicts. Form 990, Part VI, Line 15a Process for Determining Compensation The process for determining the compensation of the President and CEO of the Organization is delegated by the Board of Directors to its Compensation and Benefits Committee, with such committee comprised of outside, independent Directors. It is the practice of the Compensation and Benefits Committee to review the performance of the Organization's President and CEO periodically (generally on an annual basis) and to periodically engage a third-party, independent compensation consultant to establish the market compensation range for the position. This consultant generally establishes this range by identifying the compensation of a parallel position at comparable organizations and taking various factors into account, including but not limited to each applicable organization's industry, geographic region, size, and tax status. The Compensation and Benefits Committee reviews the information from its compensation consultant and any other relevant information, discusses such information outside of the presence of the President and CEO, and authorizes, on the record, any changes to such officer's compensation. Form 990, Part VI, Line 15b Process for Determining Compensation The process for determining the compensation of other officers of the Organization generally follows the process used for all employees, except for the CEO as described in the answer to Part VI, line 15B herein. Generally, the CEO, or such other person as may be appropriate based on management reporting lines and other relevant factors, conducts an annual performance review all other officers and key employees, and communicates the results of such review to the reviewed officer or key employee. In addition, the Organization periodically engages a third-party, independent compensation consultant to establish the market compensation range for the applicable positions. This consultant generally establishes this range by identifying the compensation of a parallel position at comparable organizations and taking various factors into account, including but not limited to each applicable organization's industry, geographic region, size, and tax status. The CEO, generally in consultation with the Human Resources division, approves the establishment of compensation levels for officers or key employees as follows: (1) directly for his/her direct reports, (2) in consultation with applicable officers, for officers and key employees who do not directly report to him/her. Form 990, Part VI, Line 19 How Documents are Made Available to the Public The Organization's Certificate of Incorporation is a public document on file with the Delaware Secretary of State. The Organization does not make its bylaws and conflict of interest policy available to the public. Its audited financial statements for the most recent three years are freely available on its website. Part XI, Line 9 Other Changes in Net Assets or Fund Balances Noninterest Income $ 1,607,374 Loan Reserve Trust Income 11,759 Loan Reserve Trust Expense (1,119,710) TOTAL................................. $ 499,423 Access Funding ABCP-I (ABCP-I) C/O ACCESS GROUP 10 N High Street West Chester PA 19380 232719985 Inactive DE 0 0 AGI Program for Educ & Access to Knwldge for C/O ACCESS GROUP 10 N High Street West Chester PA 19380 232719985 Student Loans DE 34557338 287593767 AGI Affiliated Loan Program for Students C/O ACCESS GROUP 10 N High Street West Chester PA 19380 232719985 Student Loans DE 2616446 35161864 AGI Financing Alt for Qualified Students C/O ACCESS GROUP 10 N High Street West Chester PA 19380 232719985 Inactive DE 0 0 AGI Access Funding 2013-1 C/O ACCESS GROUP 10 N High Street West Chester PA 19380 232719985 Student Loans DE 7684084 363033715 AGI Access Group Loan Reserve Trust I Rodney Sq North 1100 N Market St Wilmington DE 19890 516522917 Guarantee Fd DE 501(c)(3) 11a NA false Access Funding 2010-A LLC c/o Access Group 10 N High Street West Chester PA 19380 272762721 Student Loans DE NA related 345164 4356178 false 0 true 0.01000 Agility Loan Services Inc 10 North High Street West Chester PA 19380 371606855 Inactive DE Access Group In C 0 0 1.00000 true false false false false false false false false false false false false false false false false false false false