2013-02-14T14:53:39-06:00 2012-09-30 221478099 COHNREZNICK LLP 76 BATTERSON PARK ROAD FARMINGTON CT 06032 990 2011-10-01 060812178 CONNECTICUT STUDENT LOAN FOUNDATION C/O EDUCATION SOLUTION PARTNERS LLC CONN 4402343250 7271 ENGLE ROAD SUITE 101 CLEVELAND OH 44130 RANDALL BEHM 4402343220 2013-02-11 1 8606786000 2011 2016-03-07 17:11:31Z RANDALL BEHM 7271 ENGLE ROAD SUITE 101 CLEVELAND OH 44130 24924109 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 0 22733 24607318 22709409 18337 11484 3173896 2180483 27799551 24924109 0 0 0 0 564 215 0 0 0 17911993 17236666 17912557 17236881 9886994 7687228 677843238 573720886 641609650 528380812 36233588 45340074 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. 0 0 16568379 22709409 STUDENT LOAN SERVICING AND INTEREST ON STUDENT LOANS RECEIVABLES. 16568379 1 0 0 0 0 0 0 0 0 0 0 0 1 1 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 0 1 5 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 MICHAEL MEOTTI 2.00 X X 0 0 0 SARAH SANDERS 2.00 X X 0 0 0 LEWIS ROBINSON 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 13401932 EDFINANCIAL SERVICES LLC 298 NORTH SEVEN OAKS DRIVE KNOXVILLE TN 37922 LOAN SERVICER FOR STUDENT LOAN PORTFOLIO 2826830 SAMUEL A RAMIREZ & CO 61 BROADWAY SUITE 2194 NEW YORK NY 10006 INVESTMENT BANKER 537195 EDUCATION SOLUTION PARTNERS LLC 7271 ENGLE ROAD SUITE 101 CLEVELAND OH 44130 ADMINISTRATIVE AGENT 476445 PULLMAN & COMLEY LLC 850 MAIN STREET BRIDGEPORT CT 06601 ATTORNEY 125794 5 22733 22733 LOAN PORTFOLIO INTERES 900099 17888266 17888266 GUARANTEE PROGRAM REVE 900099 4821143 4821143 22709409 11484 11484 GAIN ON REDEMPTION OF 900099 2138500 2138500 GAIN ON SALE OF LOANS 900099 41983 41983 2180483 24924109 22709409 0 2191967 215 215 491082 491082 160930 160930 36372 30916 5456 12000 10200 1800 3394 2885 509 54285 46142 8143 BOND INTEREST 8320640 8320640 TRUST ESTATE 6743430 6743430 BAD DEBT EXPENSE 1400000 1400000 COLLECTION COSTS 12089 12089 2444 2077 367 17236881 16568379 668502 0 883864 827981 55664345 61550012 4039342 14755 144739 615244735 503483940 2010952 7699459 677843238 573720886 4009650 3380812 637600000 525000000 641609650 528380812 X 14118221 22549834 0 0 22115367 22790240 36233588 45340074 677843238 573720886 X 7687228 1419258 X 0 1 0 X 0 X 22733 22733 65865259 44841902 25353516 24607318 22709409 183377404 65865259 44841902 25353516 24607318 22732142 183400137 0 0 0 183400137 446636 160327 18337 11484 636784 446636 160327 18337 11484 636784 66311895 45002229 25353516 24625655 22743626 184036921 0.99650 0.90220 0.00350 0.00600 X 0 STUDENT LOAN PORTFOLIO 503483940 C 503483940 BONDS PAYABLE 525000000 525000000 24924109 17236881 7687228 20845 1398413 1419258 9106486 24944954 20845 20845 24924109 0 24924109 17236881 0 17236881 0 17236881 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: 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, 2012. 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 STATEMENTS OF REVENUES, EXPENSES AND CHANGES IN NET ASSETS AND INCLUDE ACCRUED INTEREST AND PENALTIES IN ACCRUED EXPENSES IN THE STATEMENT OF FINANCIAL POSITION. CSLF DID NOT RECOGNIZE ANY INTEREST OR PENALTIES ASSOCIATED WITH TAX MATTERS FOR THE YEAR ENDED SEPTEMBER 30, 2012. 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. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 20,845. PRIOR PERIOD ADJUSTMENTS: 1,398,413. TOTAL TO FORM 990, PART XI, LINE 5: 1,419,258.