CONNECTICUT STUDENT LOAN FOUNDTION: Form 990, tax year 2013
View the entire original 990 at ProPublica ↗
- Organization
- CONNECTICUT STUDENT LOAN FOUNDTION (EIN 06-0812178)
- Tax period
- 2013-10-01 to 2014-09-30
- Filed
- 2015-03-23
- IRS object ID
- 201520829349300507
- Schema version
- 2013v4.0
- 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 | 2015-03-23T09:29:53-05:00 | ReturnTs |
| Tax Period End | 2014-09-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 221478099 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | COHNREZNICK LLP | BusinessNameLine1 |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 350 CHURCH STREET 12TH FLOOR | AddressLine1 |
| City | HARTFORD | City |
| State | CT | State |
| ZIP Code | 06103 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2013-10-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 060812178 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CONNECTICUT STUDENT LOAN FOUNDATION | BusinessNameLine1 |
| Business Name Line2 | C/O EDUCATION SOLUTION PARTNERS LLC | BusinessNameLine2 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | CONN | BusinessNameControlTxt |
| Phone | 4402343250 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 7271 ENGLE ROAD SUITE 101 | AddressLine1 |
| City | CLEVELAND | City |
| State | OH | State |
| ZIP Code | 44130 | ZIPCode |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | JEANETTE WELDON | PersonNm |
| Person Title | EXECUTIVE DIRECTOR | PersonTitleTxt |
| Phone | 4402343220 | PhoneNum |
| Signature | 2015-03-23 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | PATRICIA MCGOWAN | PreparerPersonNm |
| PTIN | P00184514 | PTIN |
| Phone | 9592007000 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2013 | TaxYr |
| Build TS | 2016-02-25 16:41:14Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | JEANETTE WELDON | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 10 COLUMBUS BLVD | AddressLine1 |
| City | HARTFORD | City |
| State | CT | State |
| ZIP Code | 061061978 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $80,610,321 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.CSLF.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1967 | FormationYr |
| Legal Domicile State | CT | LegalDomicileStateCd |
| Activity Or Mission | TO IMPROVE EDUCATIONAL OPPORTUNITY AND PROMOTE REPAYMENT OF LOANS INCLUDING PROVIDING APPROPRIATE SERVICES INCIDENT TO THE ADMINISTRATION OF PROGRAMS WHICH ARE ESTABLISHED TO IMPROVE EDUCATIONAL OPPORTUNITIES. | ActivityOrMissionDesc |
| Voting Members Governing Body | 9 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 9 | VotingMembersIndependentCnt |
| Total Employee | 0 | TotalEmployeeCnt |
| Total Volunteers | 0 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $0 | PYContributionsGrantsAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $19,921,700 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $17,256,158 | CYProgramServiceRevenueAmt |
| PY Investment Income | $70,163 | PYInvestmentIncomeAmt |
| CY Investment Income | $117,831 | CYInvestmentIncomeAmt |
| PY Other Revenue | $86,456 | PYOtherRevenueAmt |
| CY Other Revenue | $8,832 | CYOtherRevenueAmt |
| PY Total Revenue | $20,078,319 | PYTotalRevenueAmt |
| CY Total Revenue | $17,382,821 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $0 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $25,000,000 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $0 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $0 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $13,561,094 | PYOtherExpensesAmt |
| CY Other Expenses | $9,963,616 | CYOtherExpensesAmt |
| PY Total Expenses | $13,561,094 | PYTotalExpensesAmt |
| CY Total Expenses | $34,963,616 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $6,517,225 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$17,580,795 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $470,212,615 | TotalAssetsBOYAmt |
| Total Assets EOY | $409,029,802 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $419,117,704 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $375,525,934 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $51,094,911 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $33,503,868 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | TO IMPROVE EDUCATIONAL OPPORTUNITY AND PROMOTE REPAYMENT OF LOANS INCLUDING PROVIDING APPROPRIATE SERVICES INCIDENT TO THE ADMINISTRATION OF PROGRAMS WHICH ARE ESTABLISHED TO IMPROVE EDUCATIONAL OPPORTUNITIES. | MissionDesc |
| Significant New Program Srvc | Yes (1) | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $9,282,718 | ExpenseAmt |
| Revenue | $17,051,085 | RevenueAmt |
| Desc | STUDENT LOAN SERVICING AND INTEREST ON STUDENT LOANS RECEIVABLES. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $60,000 | ExpenseAmt |
| Revenue | $205,073 | RevenueAmt |
| Desc | NOT FOR PROFIT SERVICER PROGRAM | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $25,000,000 | ExpenseAmt |
| Grant | $25,000,000 | GrantAmt |
| Desc | LEGISLATIVE MANDATES REQUIRED BY PUBLIC ACT NO. 14-47 | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $34,342,718 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | 0 | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Temp Or Permanent Endowments | 0 | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | 0 | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | Yes (1) | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | Yes (1) | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | 0 | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | 0 | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 3 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 0 | EmployeeCnt |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 9 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 9 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | Yes (1) | DelegationOfMgmtDutiesInd |
| Change To Org Documents | Yes (1) | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | Yes (1) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | 0 | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | 0 | CompensationProcessCEOInd |
| Compensation Process Other | 0 | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | CT | StatesWhereCopyOfReturnIsFldCd |
| Own Website | Yes (X) | OwnWebsiteInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RANDALL BEHM EDUCATION SOLUTION PARTNERS | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 4402343220 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 7271 ENGLE ROAD SUITE 101 | AddressLine1 |
| City | CLEVELAND | City |
| State | OH | State |
| ZIP Code | 44130 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part VII | Yes (X) | InfoInScheduleOPartVIIInd |
| No Listed Persons Compensated | Yes (X) | NoListedPersonsCompensatedInd |
Form990 Part VII Section A Form990PartVIISectionAGrp (10 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt |
|---|---|---|---|---|---|---|
| BARBARA RUBIN | ||||||
| CHAIRMAN | 2.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| JEFFREY ASHER | ||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | |
| PAUL MUTONE | ||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | |
| MARTIN BUDD | ||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | |
| SARAH SANDERS | ||||||
| VICE CHAIRMAN | 2.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| JULIE SAVINO | ||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | |
| STEVEN KITOWICZ | ||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | |
| ERIKA STEINER | ||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | |
| DR PETER LISI | ||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | |
| JEANETTE W WELDON | ||||||
| EXECUTIVE DIRECTOR | 15.00 | Yes (X) | $0 | $0 | $0 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $0 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $0 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 0 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | 0 | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1 | CityContractorAddress/USAddress/City | StateContractorAddress/USAddress/State | ZIP CodeContractorAddress/USAddress/ZIPCode | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| US DEPARTMENT OF EDUCATION | |||||
| PO BOX 2324 | MONTGOMERY | AL | 36102 | FEDERAL FAMILY LOAN PROGRAM | $10,299,555 |
| EDFINANCIAL SERVICES LLC | |||||
| 298 NORTH SEVEN OAKS DRIVE | KNOXVILLE | TN | 37922 | LOAN SERVICER FOR STUDENT LOAN PORTFOLIO | $1,628,363 |
| EDUCATION SOLUTION PARTNERS LLC | |||||
| 7271 ENGLE ROAD SUITE 101 | CLEVELAND | OH | 44130 | ADMINISTRATIVE AGENT | $515,238 |
| SAMUEL A RAMIREZ & CO | |||||
| 61 BROADWAY SUITE 2194 | NEW YORK | NY | 10006 | INVESTMENT BANKER | $159,695 |
| PULLMAN & COMLEY LLC | |||||
| 850 MAIN STREET | BRIDGEPORT | CT | 06601 | ATTORNEY | $100,759 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 5 | CntrctRcvdGreaterThan100KCnt |
Program Service Revenue ProgramServiceRevenueGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| LOAN PORTFOLIO INTEREST | 900099 | $12,739,980 | $12,739,980 |
| GUARANTEE PROGRAM REVENUE | 900099 | $4,311,105 | $4,311,105 |
| NOT FOR PROFIT SERVICING INCOME | 900099 | $205,073 | $205,073 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $17,256,158 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $95,331 | TotalRevenueColumnAmt |
| Exclusion | $95,331 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $63,250,000 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $63,227,500 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $22,500 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $22,500 | TotalRevenueColumnAmt |
| Exclusion | $22,500 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | OTHER REVENUE | Desc |
| Business | 900099 | BusinessCd |
| Total Revenue Column | $8,832 | TotalRevenueColumnAmt |
| Exclusion | $8,832 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $8,832 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $17,382,821 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $17,256,158 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $126,663 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $25,000,000 | TotalAmt |
| Program Services | $25,000,000 | ProgramServicesAmt |
Fees For Services Management FeesForServicesManagementGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $493,991 | TotalAmt |
| Management And General | $493,991 | ManagementAndGeneralAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $106,271 | TotalAmt |
| Management And General | $106,271 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $60,000 | TotalAmt |
| Program Services | $51,000 | ProgramServicesAmt |
| Management And General | $9,000 | ManagementAndGeneralAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,840 | TotalAmt |
| Program Services | $4,964 | ProgramServicesAmt |
| Management And General | $876 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $57,995 | TotalAmt |
| Program Services | $49,296 | ProgramServicesAmt |
| Management And General | $8,699 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt |
|---|---|---|
| TRUST ESTATE/ SERVICING | $4,770,962 | $4,770,962 |
| BOND INTEREST | $4,290,279 | $4,290,279 |
| BAD DEBT EXPENSE | $150,000 | $150,000 |
| COLLECTION COSTS | $20,035 | $20,035 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $8,243 | TotalAmt |
| Program Services | $6,182 | ProgramServicesAmt |
| Management And General | $2,061 | ManagementAndGeneralAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $34,963,616 | TotalAmt |
| Program Services | $34,342,718 | ProgramServicesAmt |
| Management And General | $620,898 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,018,227 | BOYAmt |
| EOY | $1,143,917 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $27,567,117 | BOYAmt |
| EOY | $26,870,271 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $18,989 | BOYAmt |
| EOY | $32,861 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $158,846 | BOYAmt |
| EOY | $148,598 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $435,722,747 | BOYAmt |
| EOY | $375,473,095 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,726,689 | BOYAmt |
| EOY | $5,361,060 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $470,212,615 | BOYAmt |
| EOY | $409,029,802 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,467,704 | BOYAmt |
| EOY | $2,525,934 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $415,650,000 | BOYAmt |
| EOY | $373,000,000 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $419,117,704 | BOYAmt |
| EOY | $375,525,934 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Org Does Not Follow SFAS117 | Yes (X) | OrgDoesNotFollowSFAS117Ind |
Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $21,014,972 | BOYAmt |
| EOY | $24,055,282 | EOYAmt |
Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $30,079,939 | BOYAmt |
| EOY | $9,448,586 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $51,094,911 | BOYAmt |
| EOY | $33,503,868 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $470,212,615 | BOYAmt |
| EOY | $409,029,802 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | -$17,580,795 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | -$10,248 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | 0 | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
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 Minus2 Years | $22,733 | CurrentTaxYearMinus2YearsAmt |
| Total | $22,733 | TotalAmt |
Gross Receipts Admissions GrossReceiptsAdmissionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $25,353,516 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $24,607,318 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $22,709,409 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $19,921,700 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $17,256,158 | CurrentTaxYearAmt |
| Total | $109,848,101 | TotalAmt |
Total509 Total509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $25,353,516 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $24,607,318 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $22,732,142 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $19,921,700 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $17,256,158 | CurrentTaxYearAmt |
| Total | $109,870,834 | 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 | $109,870,834 | PublicSupportTotal509Amt |
Gross Investment Income509 GrossInvestmentIncome509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus3 Years | $18,337 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $11,484 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $70,163 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $95,331 | CurrentTaxYearAmt |
| Total | $195,315 | TotalAmt |
Investment Income And UBTI InvestmentIncomeAndUBTIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus3 Years | $18,337 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $11,484 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $70,163 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $95,331 | CurrentTaxYearAmt |
| Total | $195,315 | TotalAmt |
Other Income509 OtherIncome509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus3 Years | $10,897 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $62,828 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $48,956 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $8,832 | CurrentTaxYearAmt |
| Total | $131,513 | TotalAmt |
Total Support Calendar Year TotalSupportCalendarYearGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $25,353,516 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $24,636,552 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $22,806,454 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $20,040,819 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $17,360,321 | CurrentTaxYearAmt |
| Total | $110,197,662 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support CY509 | 0.99700 | PublicSupportCY509Pct |
| Public Support PY509 | 0.99810 | PublicSupportPY509Pct |
| Investment Income CY | 0.00180 | InvestmentIncomeCYPct |
| Investment Income PY | 0.00190 | InvestmentIncomePYPct |
| Thirty Thr Pct Suprt Tests CY509 | Yes (X) | ThirtyThrPctSuprtTestsCY509Ind |
Form990 Schedule A Part IV Form990ScheduleAPartIVGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: | FormAndLineReferenceDesc |
| Explanation | OTHER REVENUE - 2010 AMOUNT: $ 10,897. 2011 AMOUNT: $ 62,828. 2012 AMOUNT: $ 48,956. 2013 AMOUNT: $ 8,832. | ExplanationTxt |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $0 | TotalBookValueLandBuildingsAmt |
Invst Program Related Org InvstProgramRelatedOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | STUDENT LOAN PORTFOLIO | Desc |
| Book Value | $375,473,095 | BookValueAmt |
| Method Valuation | C | MethodValuationCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Program Rltd | $375,473,095 | TotalBookValueProgramRltdAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (3 entries)
| DescDesc | AmtAmt |
|---|---|
| BONDS PAYABLE | $352,400,000 |
| LEGISLATIVE MANDATES - DUE TO BOARD OF REGENTS | $19,000,000 |
| LEGISLATIVE MANDATES - DUE TO GOVERNOR'S SCHOLARSHIP | $1,600,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $373,000,000 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $17,372,573 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | -$10,248 | NetUnrealizedGainsInvstAmt |
| Revenue Not Reported | -$10,248 | RevenueNotReportedAmt |
| Revenue Subtotal | $17,382,821 | RevenueSubtotalAmt |
| Revenue Not Reported Fincl Stmt | $0 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $17,382,821 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $34,963,616 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Not Reported | $0 | ExpensesNotReportedAmt |
| Expenses Subtotal | $34,963,616 | ExpensesSubtotalAmt |
| Expenses Not Rpt Fincl Stmt | $0 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $34,963,616 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART X, LINE 2: | FormAndLineReferenceDesc |
| Explanation | CSLF HAS NO UNRECOGNIZED TAX BENEFITS AT SEPTEMBER 30, 2014. CSLF'S FEDERAL AND STATE INCOME TAX RETURNS PRIOR TO FISCAL YEAR 2010 ARE CLOSED AND MANAGEMENT CONTINUALLY EVALUATES EXPIRING STATUTES OF LIMITATIONS, AUDITS, PROPOSED SETTLEMENTS AND CHANGES IN TAX LAW AND NEW AUTHORITATIVE RULINGS. IF APPLICABLE, CSLF WOULD RECOGNIZE INTEREST AND PENALTIES ASSOCIATED WITH TAX MATTERS AS PART OF OTHER OPERATING EXPENSES IN THE STATEMENT OF REVENUES, EXPENSES AND CHANGES IN FUND NET POSITION AND INCLUDE ACCRUED INTEREST AND PENALTIES IN ACCRUED EXPENSES IN THE STATEMENT OF NET POSITION. CSLF DID NOT RECOGNIZE ANY INTEREST OR PENALTIES ASSOCIATED WITH TAX MATTERS FOR THE YEAR ENDED SEPTEMBER 30, 2014. | ExplanationTxt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable (3 entries)
| Address Line1USAddress/AddressLine1 | CityUSAddress/City | StateUSAddress/State | ZIP CodeUSAddress/ZIPCode | Recipient EINRecipientEIN | Cash GrantCashGrantAmt | Purpose Of GrantPurposeOfGrantTxt |
|---|---|---|---|---|---|---|
| CT BOARD OF REGENTS FOR HIGHER EDUCATION | ||||||
| 210 CAPITOL AVENUE | HARTFORD | CT | 06106 | 999999999 | $19,000,000 | HIGHER EDUCATION |
| OFFICE OF HIGHER EDUCATION | ||||||
| 210 CAPITOL AVENUE | HARTFORD | CT | 06106 | 999999999 | $1,600,000 | GOVERNORS SCHOLARSHIPS |
| CONNECTICUT HIGHER EDUCATION TRUST | ||||||
| 210 CAPITOL AVENUE | HARTFORD | CT | 06106 | 999999999 | $4,400,000 | BABY SCHOLARS PROGRAM |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 3 | Total501c3OrgCnt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | IN JULY 2014, PUBLIC ACT NO. 14-47 REQUIRED CSLF TO TRANSFER $4,400,000 TO THE CONNECTICUT HIGHER EDUCATION TRUST BABY SCHOLARS PROGRAM, $19,000,000 TO THE CT BOARD OF REGENTS FOR HIGHER EDUCATION AND $1,600,000 TO THE OFFICE OF HIGHER EDUCATION FOR GOVERNORS SCHOLARSHIPS. AS OF SEPTEMBER 30, 2014, $4,400,000 OF THE $25,000,000 LEGISLATIVE MANDATE WAS PAID. $20,600,000 WAS RECORDED AS PAYABLE AT SEPTEMBER 30, 2014. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (7 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART III, LINE 2 | IN JULY 2014, PUBLIC ACT NO. 14-47 REQUIRED CSLF TO TRANSFER $4,400,000 TO THE CONNECTICUT HIGHER EDUCATION TRUST BABY SCHOLARS PROGRAM, $19,000,000 TO THE CT BOARD OF REGENTS FOR HIGHER EDUCATION AND $1,600,000 TO THE OFFICE OF HIGHER EDUCATION FOR GOVERNORS SCHOLARSHIPS. AS OF SEPTEMBER 30, 2014, $4,400,000 OF THE $25,000,000 LEGISLATIVE MANDATE WAS PAID. $20,600,000 WAS RECORDED AS PAYABLE AT SEPTEMBER 30, 2014. |
| FORM 990, PART VI, SECTION A, LINE 3 | CSLF CONTRACTED ALL ADMINISTRATION TO EDUCATION SOLUTION PARTNERS, LLC ("ESP"). |
| FORM 990, PART VI, SECTION A, LINE 4 | IN JULY 2014, PURSUANT TO PUBLIC ACT NO. 14-217, CSLF WAS STATUTORILY CONSOLIDATED WITH THE CONNECTICUT HEALTH AND EDUCATIONAL FACILITIES AUTHORITY AS A SUBSIDIARY THEREOF AND BECAME A QUASI-PUBLIC AGENCY OF THE STATE OF CONNECTICUT. CSLF'S FISCAL YEAR END WILL CHANGE EFFECTIVE OCTOBER 1, 2014 TO A JUNE 30 FISCAL YEAR END. |
| FORM 990, PART VI, SECTION A, LINE 7A | CERTAIN STATUTORY BOARD MEMBERS ARE ELIGIBLE TO DESIGNATE ANOTHER INDIVIDUAL TO FILL THEIR POSITION. THROUGH JUNE 2014, THE GOVENOR AND VARIOUS LEGISLATORS ARE ELIGIBLE TO APPOINT BOARD MEMBERS. AFTER JULY 2014, CSLF BOARD MEMBERS ARE APPOINTED BY STATUTE OR DESIGNATED BY THE CHEFA BOARD. |
| FORM 990, PART VI, SECTION B, LINE 11 | FORM 990 IS REVIEWED BY THE BOARD OF DIRECTORS PRIOR TO FILING THE RETURN. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. |
| FORM 990 PART VII | JEANETTE WELDON, THE EXECUTIVE DIRECTOR, AND JEFFREY ASHER, A DIRECTOR, ARE COMPENSATED BY CONNECTICUT HEALTH AND EDUCATIONAL FACILITIES AUTHORITY (CHEFA). CHEFA BECAME THE CONTROLLING ENTITY ON 7/1/14 WHICH IS WHEN THEY WERE APPOINTED AS EXECUTIVE DIRECTOR AND DIRECTOR OF CSLF. THEREFORE, THERE WAS NO COMPENSATION ON THE 2013 W-2 THAT RELATED TO CSLF. |
Schedule R IRS990ScheduleR
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp
Disregarded Entity Name DisregardedEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CONNECTICUT HEALTH AND EDUCATIONAL FACILITIES AUTHORITY | BusinessNameLine1 |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 210 CAPITOL AVENUE | AddressLine1 |
| City | HARTFORD | City |
| State | CT | State |
| ZIP Code | 06106 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 999999999 | EIN |
| Legal Domicile State | CT | LegalDomicileStateCd |
| Controlled Organization | 0 | ControlledOrganizationInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | 0 | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | 0 | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | 0 | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | 0 | SharingOfFacilitiesInd |
| Paid Employees Sharing | 0 | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | FORM 990, SCHEDULE R | FormAndLineReferenceDesc |
| Explanation | IN JULY 2014, PURSUANT TO PUBLIC ACT NO. 14-217, CSLF WAS STATUTORILY CONSOLIDATED WITH THE CONNECTICUT HEALTH AND EDUCATIONAL FACILITIES AUTHORITY AS A SUBSIDIARY THEREOF AND BECAME A QUASI-PUBLIC AGENCY OF THE STATE OF CONNECTICUT. CSLF'S FISCAL YEAR END WILL CHANGE EFFECTIVE OCTOBER 1, 2014 TO A JUNE 30 FISCAL YEAR END. | ExplanationTxt |
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