2011-02-14T08:43:27-06:00 2010-03-31 GRANT THORNTON LLP 2001 MARKET STREET SUITE 3100 PHILADELPHIA PA 19103 990 2009-04-01 232719985 ACCESS GROUP INC ACCE 3024774162 5500 BRANDYWINE PARKWAY PO BOX 7430 WILMINGTON DE 198030430 CHRISTOPHER P CHAPMAN 3024774162 2011-02-03 true 2155614200 2009 2016-02-24 21:20:13Z CHRISTOPHER CHAPMAN 5500 BRANDYWINE PKWY WILMINGTON DE 19803 271190014 false X www.accessgroup.org X 1993 DE The organization's most significant activities are to provide financial aid services, programs, and affordable loans for students attending post-secondary educational institutions. 11 11 483 0 202353 -102343 0 0 483699710 270241233 1868170 943589 0 0 485567880 271184822 0 0 0 0 28770975 31266067 0 0 0 437121808 240519917 465892783 271785984 19675097 -601162 10330093192 10316114624 10130309486 10118848178 199783706 197266446 The organization's most significant activities are to provide financial aid services, programs, and affordable loans for students attending post-secondary educational institutions. false false 265221055 0 270241233 The primary activity of Access Group, Inc. is to develop and provide financial aid services, programs, and affordable loans for students attending post-secondary educational institutions. During the year loans were made to 43,900 borrowers. 265221055 true false false true false false false false false true false true false false false false false false false false false false false true false false false false false false false false false false false false true true true false false true 99455 0 true 483 true true true false false false false false false false false 11 11 false false false false true true true true true false false true true true true true true true true false DE X CHRISTOPHER CHAPMAN 3024774162 5500 BRANDYWINE PKWY PO BOX 7430 WILMINGTON DE 19803 HANNAH R ARTERIAN 4.0 X 0 0 0 JANICE C EBERLY 4.0 X X 0 0 0 E LYNN HAMPTON 4.0 X X 0 0 0 JOSEPH D HARBAUGH 4.0 X 0 0 0 RONDY E JENNINGS 4.0 X 0 0 0 W H KNIGHT JR 4.0 X 0 0 0 LEO P MARTINEZ 4.0 X 0 0 0 RICHARD A MATASAR 4.0 X X 0 0 0 PAULINE A SCHNEIDER 4.0 X 0 0 0 KENT D SYVERUD 4.0 X 0 0 0 SUSAN E WOODWARD 4.0 X 0 0 0 LEONADE D JONES 4.0 X 0 0 0 CHRISTOPHER CHAPMAN 50.0 X X 690618 0 42568 VIVIAN BOWDEN 50.0 X X 312575 0 28079 DAVID CLARK 50.0 X X 235231 0 33786 JEAN FRANCOIS 50.0 X X 232757 0 37818 FRANK DELUCA 50.0 X X 234469 0 36601 JENNIFER BROWN 50.0 X X 232740 0 38151 PAUL QUIGLEY 50.0 X X 212475 0 35781 EILEEN SANTOS 50.0 X X 205536 0 22189 MARY CHAN 50.0 X X 211080 0 22961 DAVID FOX 50.0 X X 207623 0 39236 RICHARD SULTZER 50.0 X X 189760 0 35139 TIMOTHY BALFOUR 50.0 X X 189401 0 27531 KEITH COUGHEY 50.0 X X 199637 0 24530 ERICA FAIR 50.0 X X 160467 0 23995 DEBORAH GAWRYLOWICZ 50.0 X X 162725 0 33811 JOHN KOLLA 50.0 X X 399287 0 41106 PATRICIA CURRY 50.0 X X 242793 0 10717 MARTIN BOHLEY 50.0 X X 225243 0 12375 DAVID SNOW 40.0 X 151745 0 21102 CHRIS PIETRAFITTA 40.0 X 148325 0 22412 ROBERT GOODMAN 40.0 X 146782 0 32292 ANGELA O'BRIEN 40.0 X 143912 0 31501 LARRY CASEY 40.0 X 141879 0 31300 5277060 0 684981 55 false true false KENTUCKY HIGHER EDUCATION PO BOX 24266 LOUISVILLE KY 402240266 Student Loan Service 6867095 PROVIDE LLC 100 PENCADER DRIVE NEWARK DE 19702 Mailings 1836941 V TEK SYSTEMS CORP 1315 S VALLEY VISTA DRIVE DIAMOND BAR CA 91765 IT Consulting 994094 REDHEAD COMPANIES INC 6011 UNIVERSITY BLVD SUITE 210 ELLICOTT CITY MD 21043 Marketing Consulting 951238 5280 SOLUTIONS 8470 LUCENT BLVD SUITE 400 HIGHLANDS RANCH CO 80129 IT Consulting 842552 31 0 STUDENT LOAN PRGM 900099 270241233 270038880 202353 270241233 925621 925621 0 0 23160 0 4733 459 18427 -459 17968 17968 0 0 0 0 271184822 270038880 202353 943589 0 0 0 0 4028991 2530823 1498168 0 0 17430414 15783248 1647166 0 1376187 1183015 193172 0 6697335 5521999 1175336 0 1733140 1461386 271754 0 0 491370 376711 114659 0 573558 315751 257807 0 102114 102114 0 0 54636 54636 0 10041121 9861675 179446 0 1430004 1425254 4750 0 3121587 2923789 197798 0 2933931 2893411 40520 0 0 2230967 2009210 221757 0 693205 526623 166582 0 0 286766 286766 0 117370963 117370963 0 0 4695601 4570199 125402 0 313862 313862 0 PROVISION FOR LOAN LOSSES 59838700 59838700 CONSOLIDATION OF LOAN REBATE 32839501 32839501 FAS 91 LOAN ORIG FEE DEFERRAL -1651293 -1651293 PROGRAM MATERIALS 588040 588040 AMORTIZATION OF FEES 4489764 4489764 75520 75520 271785984 265221055 6564929 0 1712 3181253 372522 2519844 9672933976 9460180215 24435212 21462777 38286897 24293793 15950983 13993104 30905997 93659412 585492790 721118019 10330093192 10316114624 24925470 40194325 10089786170 10064580236 15597846 14073617 10130309486 10118848178 X 199783706 197266446 199783706 197266446 10330093192 10316114624 X false true true X false X 411302398 629238077 730284016 483699710 270241233 2524765434 411302398 629238077 730284016 483699710 270241233 2524765434 2524765434 3945198 4940049 5185374 1868170 925621 16864412 3945198 4940049 5185374 1868170 925621 16864412 415247596 634178126 735469390 485567880 271166854 2541629846 0.99337 0.99280 0.00664 0.00720 X false true false false false false true 100408 false false 100408 false 0 2419465 1070092 1349373 0 34995928 23051283 11944645 0 871504 172418 699086 13993104 RESTRICTED CASH AND CASH 557082255 ACCRUED INTEREST RECEIVABLE 163037055 PRIVATE LOAN FEES RECEIVABLE 998709 721118019 0 LOAN ORIGINATION FEES PAYABLE 9507125 PAYROLL RELATED LIABILITIES 3690626 OTHER CURRENT LIABILITIES 875866 14073617 271184822 271785984 -601162 3226587 -5142687 -1916100 -2517262 237198809 3226587 116206 3342793 233856016 37328806 37328806 271184822 239716071 5258893 5258893 234457178 37328806 37328806 271785984 Fin 48 Statement Part X The Company accounts for uncertainties in income taxes based on a threshold of more-likely-than-not for recognition and derecognition of tax positions taken or expected to be taken in a tax return. The Company has no uncertain tax positions meeting the threshold. Reconciliation of Net Assets Part XI, Line 8 Loan Reserve Trust Income 116,206 Loan Reserve Trust Expense (5,258,893) --------- Net Loan Reserve Trust excess (5,142,687) ========= Reconciliation of Revenue Part XII Line 2d - Other Revenue Included on Books but not on Return Loan Reserve Trust Income 116,206 --------- Total Line 2d 116,206 ========= Line 4b - Other Revenue Included on Return but not on Books Gain on sale of Fixed Assets orig incl in expense (459) Amortization of Fees 4,489,764 Consolidation Loan Rebate Fee 32,839,501 ---------- Total Line 4b 37,328,806 ========== Reconciliation of Expenses Part XIII Line 2d - Other Expenses Included on Books but not on Return Loan Reserve Trust Expenses 5,258,893 --------- Total Line 2d 5,258,893 ========= Line 4b - Other Expenses Included on Return but not on Books Gain on sale of Fixed Assets orig incl in expense (459) Amortization of Fees 4,489,764 Consolidation Loan Rebate Fee 32,839,501 ---------- Total Line 4b 37,328,806 ========== X true true X X X X X true false false false false false false false true true CHRISTOPHER CHAPMAN 438848 0 233003 0 18767 0 19584 0 22984 0 733186 0 0 0 VIVIAN BOWDEN 219370 0 75817 0 17388 0 18961 0 9118 0 340654 0 0 0 DAVID CLARK 162157 0 48528 0 24546 0 15060 0 18726 0 269017 0 0 0 JEAN FRANCOIS 166369 0 48526 0 17862 0 15131 0 22687 0 270575 0 0 0 FRANK DELUCA 156755 0 47168 0 30546 0 14683 0 21918 0 271070 0 0 0 JENNIFER BROWN 167136 0 48522 0 17082 0 15171 0 22980 0 270891 0 0 0 PAUL QUIGLEY 157138 0 44178 0 11159 0 13799 0 21982 0 248256 0 0 0 EILEEN SANTOS 159119 0 42618 0 3799 0 13083 0 9106 0 227725 0 0 0 MARY CHAN 142313 0 42826 0 25941 0 13278 0 9683 0 234041 0 0 0 DAVID FOX 157642 0 42688 0 7293 0 13236 0 26000 0 246859 0 0 0 RICHARD SULTZER 125292 0 41279 0 23189 0 12264 0 22875 0 224899 0 0 0 TIMOTHY BALFOUR 133026 0 39151 0 17224 0 12054 0 15477 0 216932 0 0 0 KEITH COUGHEY 134634 0 40780 0 24223 0 12830 0 11700 0 224167 0 0 0 ERICA FAIR 126653 0 24749 0 9065 0 10976 0 13019 0 184462 0 0 0 DEBORAH GAWRYLOWICZ 134615 0 18714 0 9396 0 11895 0 21916 0 196536 0 0 0 DAVID SNOW 133546 0 17536 0 663 0 8152 0 12950 0 172847 0 0 0 CHRIS PIETRAFITTA 113504 0 17417 0 17404 0 10732 0 11680 0 170737 0 0 0 ROBERT GOODMAN 122877 0 10268 0 13637 0 10990 0 21302 0 179074 0 0 0 ANGELA O'BRIEN 110231 0 16769 0 16912 0 10498 0 21003 0 175413 0 0 0 LARRY CASEY 118240 0 16774 0 6865 0 10336 0 20964 0 173179 0 0 0 JOHN KOLLA 272202 0 97643 0 29442 0 19600 0 21506 0 440393 0 0 0 PATRICIA CURRY 47852 0 38459 0 156482 0 4266 0 6451 0 253510 0 0 0 MARTIN BOHLEY 50657 0 40312 0 134274 0 5750 0 6625 0 237618 0 0 0 HEALTH CLUB REIMBURSEMENT SCHEDULE J, PART I, LINE 1A The organization's policy is to reimburse membership fees to health clubs up to a maximum of $200 per year and applies to all employees. Prior to 2009, the maximum amount was $400. SEVERANCE PAY SCHEDULE J, PART I, LINE 4A PATRICIA CURRY - SEVERANCE PAY $124,000 MARTIN BOHLEY - SEVERANCE PAY $107,812 CONTRACT TERMS SCHEDULE J, PART I, LINE 8 Prior to the acceptance of the employment contract by the CEO, the terms of the contract, including base pay and benefits, were negotiated at arms length. THE CONTRACT IS FOR THREE YEARS, EXPIRING ON JANUARY 28, 2011, FOLLOWED BY AN ANNUALLY RECURRING ONE YEAR RENEWAL OPTION AT THE DISCRETION OF THE COMPANY. The final contract was reviewed by the board of directors and the compensation was determined to be reasonable based on comparable salary market data for the organization's industry, geographic region, size, and non-profit status provided by an external compensation consultant. Part VI, Line 6 Acces Group, Inc. is a Delaware nonstock corporation. It is a membership organization whose members are state-operated or tax-exempt American Bar Association-approved law schools located in the United States. Part VI, Line 7A Pursuant to Section 3.2 of the organization's by-laws, the Board of Directors shall consist of no more than thirteen directors. The members shall elect the minimum number of directors necessary to constitute a majority of the total number of directors (the "Class A Directors"). The remaining directors (the "Class B Directors") are elected by the directors then serving. Part VI, Line 7B Section 2.6.C of the bylaws provides that the members must approve the following actions of the board of directors: the revocation, repeal, amendment, or modification of Section 2.6.C of the bylaws and the revocation, repeal, amendment, or modification of Article X of the certificate of incorporation regarding distributions upon liquidation of the organization. The Delaware General Corporation law also contains provisions requiring that certain actions by the board of directors be approved by the voting members. Part VI, Line 11A Form 990 was prepared by management in consultation with the organization's tax accountants and attorneys. Pursuant to its charter, the audit committee of the board of directors reviewed a draft at a meeting prior to filing. A copy of the final Form 990, including all required schedules, was provided to each of the organization's directors prior to filing with the IRS. Part VI, Line 12C Monitoring of conflict of interest policy - The organization's conflict of interest policy requires each interested person (defined as the organization's directors, officers and key employees) to disclose any financial interest (certain ownership interest or compensation arrangements) they may have in connection with a proposed transaction between the organization and a third party. The board of directors will determine if such financial interest constitutes a conflict of interest and will employ the policy's procedures for addressing any such conflict. All interested persons provide a written certification annually affirming that they have received and understand the policy and agree to comply with it. The organization's audit department conducts periodic reviews as required by the organization's conflict of interest policy. Part VI, Line 15A The Board instructs the Senior Vice President-Administration to engage a compensation consultant to review the CEO's compensation to establish the range of comparable market rate compensation for the organization's industry, geographic region, size, and non-profit status. The compensation consultant issues an opinion based on salary market data. The Senior Vice President-Administration provides this information to the compensation and benefits committee of the board, and the CEO's salary is determined by the board committee using the comparable market ranges. Part VI, Line 15B Compensation of the organization's other officers and key employees is determined in the same manner used for employees in general. The organization develops a chart of salary ranges based on market pay data and a merit increase matrix. Employees receive annual performance reviews. The performance review rating for each employee is correlated with the employee's salary range and the merit increase matrix. Part VI, Line 19 The organization's certificate of incorporation is a public document on file with the Delaware Secretary of State. The organization does not make its bylaws and conflict of interest policy available to the public. Its audited financial statements for the past three years are available on its website. Access Funding ABCP-I (ABCP-I) C/O ACCESS GROUP 5500 BRANDYWINE P WILMINGTON DE 19803 232719985 STUDENT LOANS DE Program for Educ & Access to Knwldge for C/O ACCESS GROUP 5500 BRANDYWINE P WILMINGTON DE 19803 232719985 STUDENT LOANS DE Affiliated Loan Program for Students C/O ACCES GROUP 5500 BRANDYWINE PK WILMINGTON DE 19803 232719985 STUDENT LOANS DE Access Group Loan Reserve Trust I Rodney Sq North 1100 N Market St Wilmington DE 19890 516522917 guarantee Fun DE 501(c)(3) 11A na Access Grp Ecasla Participation Pshp I c/o Access Group 5500 Brandywine Wilmington DE 19803 270663838 student loans DE na related 2515310 0 false 0 true Access Grp Ecasla Participation Pshp II c/o Access Group 5500 Brandywine Wilmington DE 19803 272152283 student loans DE na related 1579436 71605569 false 0 true false true false false true false false false false false false false false false false false true true Access Group Ecasla Participation Pshp I B, Q 21395298 Access Group Ecasla Participation Pshp I R 31727699 Access Group Ecasla Participation Pshp II B, Q 65579058