THE EDUCATION RESOURCES INSTITUTE INC: Form 990, tax year 2009
View the entire original 990 at ProPublica ↗
- Organization
- THE EDUCATION RESOURCES INSTITUTE INC (EIN 04-2875329)
- Tax period
- 2009-07-01 to 2010-06-30
- Filed
- 2011-02-14
- IRS object ID
- 201100469349300440
- Schema version
- 2009v1.2
- 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) |
|---|---|---|
| Timestamp | 2011-02-14T10:55:28-07:00 | Timestamp |
| Tax Period End Date | 2010-06-30 | TaxPeriodEndDate |
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2009-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 042875329 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE EDUCATION RESOURCES INSTITUTE INC | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | EDUC | NameControl |
| Phone | 6175356834 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 31 Saint James Avenue Suite 950 | AddressLine1 |
| City | Boston | City |
| State | MA | State |
| ZIP Code | 02116 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | William Davidson | Name |
| Title | SVP & CFO | Title |
| Phone | 6175356835 | Phone |
| Date Signed | 2011-02-14 | DateSigned |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2009 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
Doing Business As DoingBusinessAs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | TERI | BusinessNameLine1 |
Name Of Principal Officer Business NameOfPrincipalOfficerBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | The Education Resources Institute Inc | BusinessNameLine1 |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 31 Saint James Avenue Suite 950 | AddressLine1 |
| City | Boston | City |
| State | MA | State |
| ZIP Code | 02116 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 11565300 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c | X | Organization501c |
| Web Site | www.teri.org | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1985 | YearFormation |
| State Legal Domicile | MA | StateLegalDomicile |
| Activity Or Mission Description | TERI's principal purpose is to promote programs that provide support for financing and other initiatives to assist students and their families in obtaining greater access to educational opportunities and acheive their educational goals. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 8 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 7 | NbrIndependentVotingMembers |
| Total Nbr Employees | 83 | TotalNbrEmployees |
| Total Nbr Volunteers | 0 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 2378125 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 1545196 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 19324984 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 6158981 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 13621561 | InvestmentIncomePriorYear |
| Investment Income Current Year | 3861123 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 0 | OtherRevenuePriorYear |
| Other Revenue Current Year | 0 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 35324670 | TotalRevenuePriorYear |
| Total Revenue Current Year | 11565300 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 0 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 0 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 8086902 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 6355118 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 0 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 149637391 | OtherExpensePriorYear |
| Other Expenses Current Year | 19478525 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 157724293 | TotalExpensesPriorYear |
| Total Expenses Current Year | 25833643 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -122399623 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | -14268343 | RevenuesLessExpensesCY |
| Total Assets BOY | 697746226 | TotalAssetsBOY |
| Total Assets EOY | 678219490 | TotalAssetsEOY |
| Total Liabilities BOY | 692469616 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 689606907 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 5276610 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | -11387417 | NetAssetsOrFundBalancesEOY |
| Mission Description | TERI's principal purpose is to promote programs that provide support for financing and other intiatives to assist students and their families in obtaining greater access to educational opportunities and acheive their educational goals. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 2862688 | Expense |
| Grants | 0 | Grants |
| Revenue | 174028 | Revenue |
| Description | College Access and Success Programs: TERI offers comprehensive information, guidance and practical help to assist underserved indivduals achieve their post-secondary educational goals through College Planning Centers (CPCs) and school-based programs in urban communities. Achievements: TERI's CPCs served an estimated 25,000 individuals through outreach, Center visits, phone calls and email. TERI's school-based activities served 2,600 students; 556 were high school seniors and roughly 84% of those seniors enrolled in programs of post-secondary education. The remaining 2,044 students were in grades 7-11 and participated in college campus tours, summer programs, academic support, test preparation, assistance with college preparatory course selection and researching colleges and scholarships. College transition support services were provided to 51 high school graduates who were at risk of not enrolling and persisting in programs of post-secondary education. | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 11016160 | Expense |
| Grants | 0 | Grants |
| Revenue | 9846076 | Revenue |
| Description | Education Finance Program: TERI's education finance program provided guarantees on private student loans. These loan guarantees enabled students with little or no credit history to obtain loans to help close the gap between education costs and other resources such as financial aid, savings and family support. Through these loan guarantees, TERI brought together lenders, schools, students and families to make available low-cost, high quality financing for post-secondary education. | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Other Program Service Exp | 0 | TotalOfOtherProgramServiceExp |
| Total Of Other Program Service Grnt | 0 | TotalOfOtherProgramServiceGrnt |
| Total Of Other Program Service Rev | 0 | TotalOfOtherProgramServiceRev |
| Total Program Service Expense | 13878848 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 1 | TermOrPermanentEndowments |
| Balance Sheet Amounts Reported | 1 | BalanceSheetAmountsReported |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 1 | ConsolidatedAuditFinancialStmt |
| School | 0 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 0 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 0 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 1 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 2857 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 83 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 0 | UnrelatedBusinessIncome |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributions |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Nbr Voting Governing Body Members | 8 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 7 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 0 | MembersOrStockholders |
| Election Of Board Members | 0 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | MA | StatesWhereCopyOfReturnIsFiled |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | Amy Bizar | NamePerson |
| Telephone Number | 6175356843 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 31 Saint James Avenue Suite 950 | AddressLine1 |
| City | Boston | City |
| State | MA | State |
| ZIP Code | 02116 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (17 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer | Key EmployeeKeyEmployee | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|---|
| Barbara Tornow | ||||||||
| Director | 7 | X | 21500 | 1000 | 0 | |||
| Edward Piana | ||||||||
| Director | 7 | X | 22000 | 1000 | 0 | |||
| Grace Fey | ||||||||
| Director | 7 | X | 16000 | 0 | 0 | |||
| Howard Jacobson | ||||||||
| Director | 7 | X | 20000 | 1000 | 0 | |||
| Neal Finnegan | ||||||||
| Director | 7 | X | 15500 | 0 | 0 | |||
| Sherry Penney | ||||||||
| Director | 7 | X | 29000 | 1000 | 0 | |||
| Sylvia Simmons | ||||||||
| Director | 7 | X | 20000 | 0 | 0 | |||
| Willis Hulings III | ||||||||
| President, CEO and Director | 37.5 | X | 411250 | 0 | 38966 | X | ||
| William G Davidson | ||||||||
| SVP and CFO | 37.5 | 263702 | 0 | 17481 | X | |||
| Amy Bizar | ||||||||
| SVP and General Counsel | 37.5 | 233804 | 0 | 7310 | X | |||
| Jane Dixon | ||||||||
| VP Administration | 37.5 | 160746 | 0 | 11605 | X | |||
| Eileen Morris | ||||||||
| Controller | 37.5 | 189441 | 0 | 17023 | X | |||
| Alan Blair | ||||||||
| Director of Collections | 37.5 | 193453 | 0 | 17041 | X | |||
| Michael Gambee | ||||||||
| Director of Loan Programs | 37.5 | 191552 | 0 | 17064 | X | |||
| Samuel Corrigan | ||||||||
| Collections Manager | 37.5 | 121559 | 0 | 6753 | X | |||
| Kristi Pierce | ||||||||
| Director of College Access | 37.5 | 96106 | 0 | 14960 | X | |||
| Sheryl Asnes | ||||||||
| Treasury Manager | 37.5 | 111685 | 0 | 16230 | X | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 2117298 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 4000 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 164433 | TotalOtherCompensation |
| Number Individuals GT100 K | 9 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| Goodwin Procter LLP | |||||
| Exchange Place | Boston | MA | 02109 | Legal Counsel | 2239478 |
| VanRu Credit Corporation | |||||
| 1350 E Touhy Ave | Les Plaines | IL | 60018 | Collection Agency | 1433619 |
| Grant Thornton LLP | |||||
| 666 Third Avenue 13th Floor | New York | NY | 10017 | Financial Advisor | 1382322 |
| Posternak Blankstein | |||||
| 800 Boylston St | Boston | MA | 02199 | Legal Counsel | 1128641 |
| FTI Consulting | |||||
| 3 Times Sq 11th Floor | New York | NY | 10036 | Financial Advisor | 1095376 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 18 | NumberOfContractorsGT100K |
| Federated Campaigns | 0 | FederatedCampaigns |
| Membership Dues | 0 | MembershipDues |
| Fundraising Events | 0 | FundraisingEvents |
| Related Organizations | 0 | RelatedOrganizations |
| Government Grants | 1388509 | GovernmentGrants |
| All Other Contributions | 156687 | AllOtherContributions |
| Noncash Contributions | 0 | NoncashContributions |
| Total Contributions | 1545196 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (4 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome | Unrelated Business RevenueUnrelatedBusinessRevenue | ExclusionExclusionAmount |
|---|---|---|---|---|---|
| Guarantee Fees | 900099 | 5836253 | 5836253 | 0 | $0 |
| Program service Revenue | 900099 | 172309 | 172309 | 0 | $0 |
| Interest: Student Loans | 900099 | 15917 | 15917 | 0 | $0 |
| Collection Management & Other Fees | 900099 | 134502 | 134502 | 0 | $0 |
Total Oth Program Service Revenue TotalOthProgramServiceRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
| Related Or Exempt Function Income | 0 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $0 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 6158981 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 3861123 | TotalRevenueColumn |
| Related Or Exempt Function Income | 3861123 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $0 | ExclusionAmount |
Income From Invest Bond Proceeds IncomeFromInvestBondProceeds
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
| Related Or Exempt Function Income | 0 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $0 | ExclusionAmount |
Royalties Revenue RoyaltiesRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
| Related Or Exempt Function Income | 0 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $0 | ExclusionAmount |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 0 | Real |
| Personal | 0 | Personal |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 0 | Securities |
| Other | 0 | Other |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrbtns Rprtd Fundraising Events | 0 | CntrbtnsRprtdFundraisingEvents |
| Total Other Revenue | 0 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 11565300 | TotalRevenueColumn |
| Related Or Exempt Function Income | 10020104 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $0 | ExclusionAmount |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1524169 | Total |
| Management And General | 1524169 | ManagementAndGeneral |
Comp Disqual Persons CompDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3098497 | Total |
| Program Services | 1957690 | ProgramServices |
| Management And General | 1140807 | ManagementAndGeneral |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 934991 | Total |
| Program Services | 411174 | ProgramServices |
| Management And General | 523817 | ManagementAndGeneral |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 482079 | Total |
| Program Services | 331793 | ProgramServices |
| Management And General | 150286 | ManagementAndGeneral |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 315382 | Total |
| Program Services | 170500 | ProgramServices |
| Management And General | 144882 | ManagementAndGeneral |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3165195 | Total |
| Program Services | 688191 | ProgramServices |
| Management And General | 2477004 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 353106 | Total |
| Management And General | 353106 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 10055401 | Total |
| Program Services | 5016893 | ProgramServices |
| Management And General | 5038508 | ManagementAndGeneral |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 35639 | Total |
| Program Services | 14837 | ProgramServices |
| Management And General | 20802 | ManagementAndGeneral |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 263473 | Total |
| Program Services | 185450 | ProgramServices |
| Management And General | 78023 | ManagementAndGeneral |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 163015 | Total |
| Program Services | 127494 | ProgramServices |
| Management And General | 35521 | ManagementAndGeneral |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 473475 | Total |
| Program Services | 322753 | ProgramServices |
| Management And General | 150722 | ManagementAndGeneral |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 103494 | Total |
| Program Services | 53931 | ProgramServices |
| Management And General | 49563 | ManagementAndGeneral |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 12666 | Total |
| Program Services | 6431 | ProgramServices |
| Management And General | 6235 | ManagementAndGeneral |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 211677 | Total |
| Program Services | 136638 | ProgramServices |
| Management And General | 75039 | ManagementAndGeneral |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 151497 | Total |
| Management And General | 151497 | ManagementAndGeneral |
Other Expenses OtherExpenses (5 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|---|
| Provision for Loan Loss | 2975835 | 2975835 | 0 | 0 |
| Chapter 11 Settlements (Loss) | 1257737 | 1257737 | 0 | 0 |
| Miscellaneous Expense | 122827 | 106281 | 16546 | 0 |
| Dues and Subscriptions | 57375 | 46041 | 11334 | 0 |
| All Other Expenses | 76113 | 69179 | 6934 | 0 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 0 | ManagementAndGeneral |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 25833643 | Total |
| Program Services | 13878848 | ProgramServices |
| Management And General | 11954795 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3163477 | BOY |
| EOY | 2439645 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 304754119 | BOY |
| EOY | 320152483 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 271289 | BOY |
| EOY | 149584 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 34986937 | BOY |
| EOY | 33974023 | EOY |
Receivables From Officers Etc ReceivablesFromOfficersEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
Receivables From Disqual Persons ReceivablesFromDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 247375228 | BOY |
| EOY | 228328529 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 215753 | BOY |
| EOY | 177800 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 1110587 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 822387 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 500878 | BOY |
| EOY | 288200 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 106478545 | BOY |
| EOY | 92709226 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 0 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 697746226 | BOY |
| EOY | 678219490 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 23291142 | BOY |
| EOY | 23452455 | EOY |
Grants Payable GrantsPayable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 22299056 | BOY |
| EOY | 16525214 | EOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
Escrow Account Liability EscrowAccountLiability
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
Loans From Officers Directors LoansFromOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 646879418 | BOY |
| EOY | 649629238 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 692469616 | BOY |
| EOY | 689606907 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | -10016618 | BOY |
| EOY | -26680645 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 13293228 | BOY |
| EOY | 13293228 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2000000 | BOY |
| EOY | 2000000 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5276610 | BOY |
| EOY | -11387417 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 697746226 | BOY |
| EOY | 678219490 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Consolidated | X | FinancialStatementConsolidated |
| Federal Grant Audit Required | 1 | FederalGrantAuditRequired |
| Federal Grant Audit Performed | 1 | FederalGrantAuditPerformed |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org509a2 | X | PubliclySupportedOrg509a2 |
Gifts Grants Contrib Received509 GiftsGrantsContribReceived509
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 2471990 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 2714135 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 2321221 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 2378125 | CurrentTaxYearMinus1Year |
| Current Tax Year | 1545196 | CurrentTaxYear |
| Total | 11430667 | Total |
Gross Receipts From Admissions GrossReceiptsFromAdmissions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 298996803 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 466394946 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 298295128 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 19324984 | CurrentTaxYearMinus1Year |
| Current Tax Year | 6158981 | CurrentTaxYear |
| Total | 1089170842 | Total |
Total509 Total509
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 301468793 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 469109081 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 300616349 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 21703109 | CurrentTaxYearMinus1Year |
| Current Tax Year | 7704177 | CurrentTaxYear |
| Total | 1100601509 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total509 | 1100601509 | PublicSupportTotal509 |
Gross Investment Income509 GrossInvestmentIncome509
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 16865222 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 29713625 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 36656235 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 13621561 | CurrentTaxYearMinus1Year |
| Current Tax Year | 3861123 | CurrentTaxYear |
| Total | 100717766 | Total |
Investment Income And UBTI InvestmentIncomeAndUBTI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 16865222 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 29713625 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 36656235 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 13621561 | CurrentTaxYearMinus1Year |
| Current Tax Year | 3861123 | CurrentTaxYear |
| Total | 100717766 | Total |
Total Support Total TotalSupportTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 318334015 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 498822706 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 337272584 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 35324670 | CurrentTaxYearMinus1Year |
| Current Tax Year | 11565300 | CurrentTaxYear |
| Total | 1201319275 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Percentage509 | 0.91616 | PublicSupportPercentage509 |
| Prior Year Support Percentage | 0.9276 | PriorYearSupportPercentage |
| Investment Income Percentage | 0.08384 | InvestmentIncomePercentage |
| Prior Yr Invest Income Percentage | 0.0724 | PriorYrInvestIncomePercentage |
| Thirty Three Percnt Tests CY509 | X | ThirtyThreePercntTestsCY509 |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 15293228 | BeginningOfYearBalance |
| Contributions | 0 | Contributions |
| Investment Earnings Or Losses | 0 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 0 | GrantsOrScholarships |
| Other Expenditures | 0 | OtherExpenditures |
| Administrative Expenses | 0 | AdministrativeExpenses |
| End Of Year Balance | 15293228 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 15293228 | BeginningOfYearBalance |
| Contributions | 0 | Contributions |
| Investment Earnings Or Losses | 0 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 0 | GrantsOrScholarships |
| Other Expenditures | 0 | OtherExpenditures |
| Administrative Expenses | 0 | AdministrativeExpenses |
| End Of Year Balance | 15293228 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 0.87 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.13 | PermanentEndowmentEOYBalance |
| Term Endowment EOY Balance | 0 | TermEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | 0 | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | 0 | EndowmentsHeldByRelatedOrgs |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 0 | InvestmentCostOrOtherBasis |
| Other Cost Or Other Basis | 0 | OtherCostOrOtherBasis |
| Book Value | 0 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 0 | InvestmentCostOrOtherBasis |
| Other Cost Or Other Basis | 0 | OtherCostOrOtherBasis |
| Depreciation | 0 | Depreciation |
| Book Value | 0 | BookValue |
Leasehold Improvements LeaseholdImprovements
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 63674 | InvestmentCostOrOtherBasis |
| Other Cost Or Other Basis | 0 | OtherCostOrOtherBasis |
| Depreciation | 27802 | Depreciation |
| Book Value | 35872 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 1046913 | InvestmentCostOrOtherBasis |
| Other Cost Or Other Basis | 0 | OtherCostOrOtherBasis |
| Depreciation | 794585 | Depreciation |
| Book Value | 252328 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 0 | InvestmentCostOrOtherBasis |
| Other Cost Or Other Basis | 0 | OtherCostOrOtherBasis |
| Depreciation | 0 | Depreciation |
| Book Value | 0 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 288200 | TotalOfBookValueLandBuildings |
Financial Derivatives FinancialDerivatives
| Field | Value | IRS element (for citing) |
|---|---|---|
| Book Value | 0 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Securities | 0 | TotalOfBookValueSecurities |
| Federal Income Tax Liability | 0 | FederalIncomeTaxLiability |
Other Liabilities OtherLiabilities (4 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| Loan Loss Liability | $645,650,650 |
| Accrued Pension Liability | $1,870,828 |
| Bankruptcy Settlement Payable | $3,865,667 |
| Investment in TFSI | -$1,757,907 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 649629238 | TotalOfAmounts |
| Total Revenue | 11565300 | TotalRevenue |
| Total Expenses | 25833643 | TotalExpenses |
| Excess Or Deficit For Year | -14268343 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | -2198850 | NetUnrealizedGLOnInvestments |
| Donated Services And Facilities | 0 | DonatedServicesAndFacilities |
| Investment Expenses | 0 | InvestmentExpenses |
| Prior Period Adjustments | 0 | PriorPeriodAdjustments |
| Other | -$196,833 | OtherAmount |
| Total Adjustments | -2395683 | TotalAdjustments |
| Excess Or Deficit Per FS | -16664026 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 6232616 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | -2198850 | NetUnrealizedGainsInvestments |
| Donated Srvc And Use Of Facilities | 0 | DonatedSrvcAndUseOfFacilities |
| Recoveries Of Prior Year Grants | 0 | RecoveriesOfPriorYearGrants |
| Other Revenues | -3133834 | OtherRevenues |
| Revenue Not Rptd F990 | -5332684 | RevenueNotRptdF990 |
| Revenue Subtotal | 11565300 | RevenueSubtotal |
| Investment Expenses Not Included | 0 | InvestmentExpensesNotIncluded |
| Other Revenues Not Included | 0 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | 0 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 11565300 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 17663944 | TotExpensesEtcAuditedFinclStmt |
| Donated Services Use Of Facilities | 0 | DonatedServicesUseOfFacilities |
| Prior Year Adjustments | 0 | PriorYearAdjustments |
| Losses Reported | 0 | LossesReported |
| Other Expenses Included | -8169699 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | -8169699 | ExpensesNotRptdF990 |
| Expenses Subtotal | 25833643 | ExpensesSubtotal |
| Investment Expenses Not Included2 | 0 | InvestmentExpensesNotIncluded2 |
| Other Expenses Not Included | 0 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 0 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 25833643 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (5 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| SchD_P05_S00_L04 | Schedule D, Part V, Line 4 | TERI's endowment funds are intended to be used for purposes of the furtherance of higher education through improvements in the administration of and access to financial aid and support of higher education information centers. |
| SchD_P10_S00_L00 | Schedule D, Part X | N/A |
| SchD_P11_S00_L08 | Schedule D, Part XI, Line 8 | Investment in subsidiary, -196,833 |
| SchD_P12_S00_L02d | Schedule D, Part XII, Line 2d | Investment in Subsidiary, -196,833. Reorganization expense item from financial statements included in total revenue, interest earned on accumulated cash resulting from Chapter 11 proceedings $2,937,001. |
| SchD_P13_S00_L02d | Schedule D, Part XIII, Line 2d | Reorganization expense items from financial statements included in total expense, Professional Fees 6,911,962 amd Loss on Settled Transactions 1,257,737. |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Committee | X | CompensationCommittee |
| Independent Consultant | X | IndependentConsultant |
| Form990 Of Other Organizations | X | Form990OfOtherOrganizations |
| Written Employment Contract | X | WrittenEmploymentContract |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 1 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | 0 | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | 0 | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | 0 | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | 0 | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | 0 | AnyNonFixedPayments |
| Initial Contract Exception | 0 | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII (7 entries)
| Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Willis Hulings III | |||||||||||||
| 411250 | 0 | 0 | 0 | 0 | 0 | 14668 | 0 | 24298 | 0 | 450216 | 0 | 0 | 0 |
| William G Davidson | |||||||||||||
| 263702 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 17481 | 0 | 281183 | 0 | 0 | |
| Amy Bizar | |||||||||||||
| 233804 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 7310 | 0 | 241114 | 0 | 0 | 0 |
| Jane Dixon | |||||||||||||
| 160746 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 11605 | 0 | 172351 | 0 | 0 | |
| Eileen Morris | |||||||||||||
| 189441 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 17023 | 0 | 206464 | 0 | 0 | |
| Michael Gambee | |||||||||||||
| 191552 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 17064 | 0 | 208616 | 0 | 0 | 0 |
| Alan Blair | |||||||||||||
| 193453 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 17041 | 0 | 210494 | 0 | 0 | |
Form990 Schedule J Part III Form990ScheduleJPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | SchJ_P01_S00_L04 | Identifier |
| Return Reference | Schedule J, Part I, Line 4 | ReturnReference |
| Explanation | Willis J Hulings III, CEO and President, participated in a SERP, calendar year 2009 accrued benefits totalled $14,668. | Explanation |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (5 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| F990_P06_S0B_L11 | Form 990, Part VI, Section B, Line 11 | Before the Form 990 is finalized, TERI's Finance Department prepares a draft, presents it to senior management and counsel for review and comment, and then provides it to its Board of Directors for their comments. When all comments have been reviewed and the form is finalized, the Finance Department files the form. |
| F990_P06_S0B_L12c | Form 990, Part VI, Section B, Line 12c | TERI's Board of Directors has adopted a Conflicts of Interest Policy. Each January, all TERI officers and directors are required to read the policy and affirm their understanding, agreement and commitment to the policy by signing an Acknowledgement and Disclosure Form. The responses to questions of outside interests and potential conflicts of interest provided by TERI officers are reviewed by the Vice President, Administration and the responses from directors are reviewed by the chair of the Audit Committee. If necessary, follow-up action is then taken. |
| F990_P06_S0B_L15 | Form 990, Part VI, Section B, Line 15 | The compensation for TERI's chief executive officer and other officers is determined by the Board of Directors, based on a comparability study prepared by independent consultants. TERI's Board or Executive Committee makes all decisions relating to the compensation of the CEO and TERI's other officers. |
| F990_P06_S0C_L19 | Form 990, Part VI, Section C, Line 19 | TERI makes its governing documents, conflicts of interest policy and financial statements available to the public upon request, written or oral. |
| SchR_P02_S00_L00 | Schedule R, Part II | Primary Activity: TERI Financial Services, Inc. fosters and supports educational programs which aid and assist students, parents, and educational institutions in seeking or providing educational opportunities. |
Schedule R IRS990ScheduleR
Form990 Schedule R Part II Form990ScheduleRPartII
Name Of Disregarded Entity NameOfDisregardedEntity
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | TERI Financial Services Inc | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 31 Saint James Avenue Suite 950 | AddressLine1 |
| City | Boston | City |
| State | MA | State |
| ZIP Code | 02116 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 043247228 | EIN |
| Primary Activities | See schedule O | PrimaryActivities |
| Legal Domicile State | MA | LegalDomicileState |
| Exempt Code Section | 501(c)(3) | ExemptCodeSection |
| Direct Controlling Entity NA | N/A | DirectControllingEntityNA |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | 1 | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | 0 | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | 0 | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | 0 | LoansOrGuaranteesFromOtherOrg |
| Sale Of Assets To Other Org | 0 | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | 0 | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | 0 | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | 0 | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | 0 | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | 0 | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | 0 | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | 0 | SharingOfFacilities |
| Sharing Of Paid Employees | 1 | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | 0 | OtherTransferToOtherOrg |
| Other Transfer From Other Org | 0 | OtherTransferFromOtherOrg |