2014-01-23T15:36:18-06:00 2013-09-30 221478099 COHNREZNICK LLP 76 BATTERSON PARK ROAD FARMINGTON CT 06032 990 2012-10-01 060812178 CONNECTICUT STUDENT LOAN FOUNDATION C/O EDUCATION SOLUTION PARTNERS LLC CONN 4402343250 7271 ENGLE ROAD SUITE 101 CLEVELAND OH 44130 RANDALL BEHM 4402343220 2014-01-23 1 8606786000 2012 2015-11-30 17:44:51Z SARAH SANDERS 7271 ENGLE ROAD SUITE 101 CLEVELAND OH 44130 20078319 0 X WWW.CSLF.ORG X 1967 CT 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. 3 3 0 0 0 0 22733 0 22709409 19921700 11484 70163 2180483 86456 24924109 20078319 0 0 0 0 215 0 0 0 0 17236666 13561094 17236881 13561094 7687228 6517225 573720886 470212615 528380812 419117704 45340074 51094911 X 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. 1 0 12695039 19285547 STUDENT LOAN SERVICING AND INTEREST ON STUDENT LOANS RECEIVABLES. 116111 636153 NOT FOR PROFIT SERVICER PROGRAM 12811150 1 0 0 0 0 0 0 0 0 0 0 0 1 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 3 0 1 0 0 0 0 0 0 0 0 0 0 0 X 3 3 0 1 0 0 0 1 0 1 0 0 0 1 1 0 0 1 1 0 0 0 CT X RANDALL BEHM EDUCATION SOLUTION PARTNERS 4402343220 7271 ENGLE ROAD SUITE 101 CLEVELAND OH 44130 X SARAH SANDERS 2.00 X X 0 0 0 JAMES HOWARTH 2.00 X X 0 0 0 CRAIG LAPPEN 2.00 X X 0 0 0 0 0 0 0 0 0 0 US DEPARTMENT OF EDUCATION PO BOX 2324 MONTGOMERY AL 36102 FEDERAL FAMILY LOAN PROGRAM 11329585 EDFINANCIAL SERVICES LLC 298 NORTH SEVEN OAKS DRIVE KNOXVILLE TN 37922 LOAN SERVICER FOR STUDENT LOAN PORTFOLIO 2135526 EDUCATION SOLUTION PARTNERS LLC 7271 ENGLE ROAD SUITE 101 CLEVELAND OH 44130 ADMINISTRATIVE AGENT 540922 SAMUEL A RAMIREZ & CO 61 BROADWAY SUITE 2194 NEW YORK NY 10006 INVESTMENT BANKER 197905 PULLMAN & COMLEY LLC 850 MAIN STREET BRIDGEPORT CT 06601 ATTORNEY 161611 5 LOAN PORTFOLIO INTEREST 900099 14814133 14814133 GUARANTEE PROGRAM REVENUE 900099 4471414 4471414 NOT FOR PROFIT SERVICING INCOME 900099 636153 636153 19921700 70163 70163 OTHER REVENUE 900099 48956 48956 GAIN ON REDEMPTION OF BONDS 900099 37500 37500 86456 20078319 19921700 0 156619 549084 549084 182393 182393 58793 49974 8819 2065 1755 310 5013 4262 751 52734 44824 7910 TRUST ESTATE/ SERVICING 5596530 5596530 BOND INTEREST 5592715 5592715 BAD DEBT EXPENSE 1500000 1500000 COLLECTION COSTS 19081 19081 2686 2009 677 13561094 12811150 749944 0 827981 1018227 61550012 27567117 14755 18989 144739 158846 503483940 435722747 7699459 5726689 573720886 470212615 3380812 3467704 525000000 415650000 528380812 419117704 X 22549834 21014972 0 0 22790240 30079939 45340074 51094911 573720886 470212615 6517225 14107 -776495 0 X 0 1 X 0 0 X 22733 22733 44841902 25353516 24607318 22709409 19921700 137433845 44841902 25353516 24607318 22732142 19921700 137456578 0 0 0 137456578 160327 18337 11484 70163 260311 160327 18337 11484 70163 260311 45002229 25353516 24625655 22743626 19991863 137716889 0.99810 0.99650 0.00190 0.00350 X 0 STUDENT LOAN PORTFOLIO 435722747 C 435722747 BONDS PAYABLE 415650000 415650000 X 20078319 0 20078319 0 20078319 13546987 -14107 -14107 13561094 0 13561094 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: CSLF IS A NONPROFIT ORGANIZATION EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(C)(3). ACCORDINGLY, NO PROVISION FOR INCOME TAXES IS PROVIDED IN THE FINANCIAL STATEMENTS. CSLF HAS NO UNRECOGNIZED TAX BENEFITS AT SEPTEMBER 30, 2013. CSLF'S FEDERAL AND STATE INCOME TAX RETURNS PRIOR TO FISCAL YEAR 2009 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, 2013. PART XII, LINE 2D - OTHER ADJUSTMENTS: UNREALIZED GAIN ON INVESTMENTS NEW PROGRAM SERVICES FORM 990, PART III, LINE 2 DURING 2013, CSLF PARTNERED WITH EDUCATIONAL SERVICES OF AMERICA AND ENTERED INTO AN AGREEMENT TO PARTICIPATE IN THE NOT-FOR-PROFIT SERVICER PROGRAM ESTABLISHED UNDER THE HEALTH CARE AND EDUCATION RECONCILIATION ACT OF 2010 ("HCERA"), PUBLIC LAW 111-152 SET FORTH IN SOLICITATION NUMBER NFP-RFP-2010. 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 7A CERTAIN STATUTORY BOARD MEMBERS ARE ELIGIBLE TO DESIGNATE ANOTHER INDIVIDUAL TO FILL THEIR POSITION. IN ADDITION, THE GOVENOR AND VARIOUS LEGISLATORS ARE ELIGIBLE TO APPOINT BOARD MEMBERS. FORM 990, PART VI, SECTION A, LINE 8B THERE ARE NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. 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.