2021-08-15T09:05:56-05:00 2020-09-30 KPMG LLP 1212 NORTH 96TH ST STE 300 OMAHA NE 68114 990 2019-10-01 742094204 TEXAS GUARANTEED STUDENT LOAN CORPORATION % KEITH ECKELKAMP TEXA 5122195700 PO BOX 83100 ROUND ROCK TX 786833100 KEITH ECKELKAMP VP/CONTROLLER 5122195700 2021-08-14 true Donald Neal Jr P00798244 4023481450 2021-08-13 2019 2022-09-23 18:48:47Z TRELLIS COMPANY Scott Giles PO BOX 83100 ROUND ROCK TX 786833100 153382044 false X WWW.TRELLISCOMPANY.ORG X 1979 TX OUR VISION IS THAT PEOPLE RECEIVE TRUSTED GUIDANCE TO MAKE INFORMED DECISIONS AND IMPROVE THEIR LIVES. 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FED RESERVE FUND 443991297 444433696 0 LIABILITES HELD - FED RESERVE FUND 443991297 443991297 true Austin Community College 5930 Middle Fiskville Rd Austin TX 78752 742639966 501(c)(3) 38827 Capacity Bldg Fund Alabama State University 915 S Jackson St Montgomery AL 36104 636001101 501(C)(3) 6915 Capacity Bldg Fund Albany State University 504 College Dr Atlanta GA 31705 586001996 501(C)(3) 6915 Capacity Bldg Fund Texas Southern University 3100 Cleburne St Houston TX 77004 741620415 501(C)(3) 6915 Capacity Bldg Fund Trellis Foundation 301 Sundance Pkwy Round Rock TX 78681 814714749 501(C)(3) 4909343 GENERAL SUPPORT Hope Alliance 1011 Gattis School Rd Round Rock TX 78664 742277114 501(c)(3) 10000 General Support Central Texas Food Bank Inc 6500 Metropolis Dr Austin TX 78744 742217350 501(c)(3) 10000 General Support Round Rock Independent School District 1311 Round Rock Ave Round Rock TX 78681 746002018 Gov't 10000 General Support Round Rock Area Serving Center 1099 E Main St Round Rock TX 78683 742454410 501(c)(3) 10000 General Support El Paso Collaborative for Academic Excellence 500 W University Ave El Paso TX 79968 746000813 Gov't 20000 General Support Alabama A&M University Patton Hall Rm 205 Normal AL 35762 237067600 501(c)(3) 6915 Capacity Bldg Fund Atlanta Metropolitan State College 630 Metropolitan Pkwy SW Atlanta GA 30310 581727943 501(c)(3) 6915 Capacity Bldg Fund Fort Valley State University 1005 State University Dr Fort Valley GA 31030 237281905 501(c)(3) 6277 Capacity Bldg Fund Georgia State University 33 Gilmer St Atlanta GA 30303 586002050 501(c)(3) 8827 Capacity Bldg Fund Huston-Tillotson University 900 Chicon St Austin TX 78702 741180151 501(c)(3) 5894 Capacity Bldg Fund Jarvis Christian College PO Box 1470 Hawkins TX 75765 750995027 501(c)(3) 10916 Capacity Bldg Fund Langston University PO Box 608 Langston OK 73050 736017987 501(c)(3) 6277 Capacity Bldg Fund Miles College 5500 Myron Massey Blvd Fairfield AL 35064 630400608 501(c)(3) 11553 Capacity Bldg Fund Morehouse College 830 Westview Dr SW Atlanta GA 30314 580566205 501(c)(3) 6277 Capacity Bldg Fund Northwest Vista College 3535 N Ellison Dr San Antonio TX 78251 742422589 501(c)(3) 8189 Capacity Bldg Fund Oakwood University 7000 Adventist Blvd Huntsville AL 35896 630366652 501(c)(3) 6277 Capacity Bldg Fund Our Lady of the Lake University 411 SW 24th St San Antonio TX 78207 741109631 501(c)(3) 5894 Capacity Bldg Fund Palo Alto College 1400 W Villaret Blvd San Antonio TX 78224 742422589 501(c)(3) 7550 Capacity Bldg Fund Paul Quinn College 3837 Simpson Stuart Rd Dallas TX 75241 741238438 501(c)(3) 5894 Capacity Bldg Fund San Antonio College 1819 N Main San Antonio TX 78212 742422589 501(c)(3) 8827 Capacity Bldg Fund Spelman College 350 Spelman Lane SW Atlanta GA 30314 580566243 501(c)(3) 6277 Capacity Bldg Fund St Mary's University 1 Camino Santa Maria San Antonio TX 78228 741143128 501(c)(3) 6277 Capacity Bldg Fund St Philip's College 1801 Martin Luther King Dr San Antonio TX 78203 742422589 501(c)(3) 8189 Capacity Bldg Fund Stillman College 3601 Stillman Blvd Tuscaloosa AL 35401 630315935 501(c)(3) 5894 Capacity Bldg Fund Talladega College 627 W Battle St Talladega AL 35160 630288870 501(c)(3) 5894 Capacity Bldg Fund Texas A & M International University 5201 University Blvd Laredo TX 78041 742603619 501(c)(3) 6915 Capacity Bldg Fund Texas College 2404 N Grand Ave Tyler TX 75702 750917417 501(c)(3) 5894 Capacity Bldg Fund Xavier University 1 Drexel Dr New Orleans LA 70125 720635884 501(c)(3) 6277 Capacity Bldg Fund JF Drake State Comm & Tech College 3421 Meridian St N Huntsville AL 35811 631002142 501(c)(3) 7000 Emergency Grant 34 PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS FORM 990, SCHEDULE I, PART I, LINE 2 Once approved for funding, each grantee must review and execute a grant agreement with Trellis. Expectations for the grantees and their respective projects and/or use of funds are outlined in the grant agreement. Reporting requirements are also outlined in the agreement. Grantees are instructed to provide progress report(s), which are reviewed by grant management staff to determine if the grant expenditures are in compliance with requirements and are achieving the stated goals of the program. If there are significant issues noted in the progress report, staff will follow up with the grantee. If there are no significant issues noted, staff process the report and record activity. At the termination of the grant period, staff reviews the final report on each project and accounts for any unspent funds and arranges for the return of funds or other dispensation as provided by Trellis management. X X X X X true false false false false false false true false SCOTT D GILES PRESIDENT/CEO 386053 0 143150 0 38157 0 35500 0 23397 0 626257 0 0 0 GREGORY H DICKENSON GENERAL COUNSEL 165154 0 34836 0 12462 0 27265 0 24604 0 264321 0 0 0 LINDA S HACKLEMAN VP/HUMAN RESOURCES 148653 0 36036 0 14870 0 29818 0 15766 0 245143 0 0 0 JEFF J WEBSTER DIRECTOR/RESEARCH 133987 0 29301 0 15779 0 34867 0 10353 0 224287 0 0 0 SHELIA DUNLAP DIRECTOR/OPERATIONS 126262 0 30444 0 16337 0 20672 0 9758 0 203473 0 0 0 DONNA M FRITZ VP/MARKETING 186054 0 42744 0 13427 0 31389 0 15689 0 289303 0 0 0 JAMES E ZIMMERMAN VP/INFORMATION TECH 180706 0 42904 0 15832 0 31027 0 28653 0 299122 0 0 0 SUSAN G HIGH VP/OPERATIONS 161821 0 40316 0 21442 0 28648 0 20446 0 272673 0 0 0 AUDREY WEBB DIRECTOR/IT SHARED SERV 152433 0 31709 0 10415 0 35556 0 10815 0 240928 0 0 0 BRYAN M ASHTON VP/COMM INVEST & GOVT AFFAIRS 152666 0 34386 0 11129 0 30690 0 10516 0 239387 0 0 0 NICOLE S GILGER VP, Controller (To 1/20) 156411 0 32318 0 5178 0 23247 0 16145 0 233299 0 0 0 SELMA PERALEZ Director/Compliance (To 2/20) 133702 0 30734 0 10717 0 22669 0 17761 0 215583 0 0 0 SHARON ALLEN Director/hR 126390 0 31221 0 11306 0 15505 0 19259 0 203681 0 0 0 STEVEN RAY SMITH Director/SSI 131592 0 27171 0 7166 0 21470 0 10427 0 197826 0 0 0 Mark J Zarsky Former Officer (to 01/18) 0 0 0 0 174264 0 0 0 0 0 174264 0 0 0 Mary O Negrete Former Officer (to 01/18) 0 0 0 0 158661 0 0 0 0 0 158661 0 0 0 Form 990, Schedule J, Part I: Compensation Information Line 4a: Severance Mark Zarsky, Chief Financial Officer and Mary Negrete, Chief HR Officer, left Trellis Company effective January 17, 2018. They received payments of $348,527 and $317,222, respectively, in accordance with the terms and conditions of their settlement agreements. Of these amounts, $174,264 and $158,611, respectively, were paid in 2018 and $174,263 and $158,611, respectively, were paid in 2019. Form 990, Schedule J, Part I: Compensation Information Line 7: Non-Fixed Payments Trellis' Board of Directors' approves the corporate performance award program which is designed to award a share of profits to employees, and compensates eligible employees based on corporate results, ensuring minimum profit levels are attained. Corporate goals are typically approved by the Board before the beginning of the fiscal year and are based on the organization achieving its goals. Eligible employees include all regular employees, employed at the end of the fiscal year, not participating in another departmental or individual incentive plan, and meeting minimum performance standards. Employee eligibility is based on specific position and awards are determined by respective management utilizing competitive market bonus ranges. GENERAL STATEMENT 1 FORM 990, PART III, MISSION STATEMENT "Our vision is that people receive trusted guidance to make informed decisions and improve their lives." Trellis administers the Federal Family Education Loan Program (FFELP). GENERAL STATEMENT 2 FORM 990, PART III, LINE 4A - Guarantor Operations: Trellis' guarantor operation encompasses the administration of the Federal Family Education Loan Program (FFELP) on behalf of the U.S. Department of Education. As of fiscal year end, Trellis' outstanding loan portfolio balance totaled $5.8 billion and defaulted loans collection portfolio of $1.1 billion. Program Service Accomplishments: Promoting borrower success is a long-term endeavor, starting before a student borrower enrolls in college and lasting through repayment. Trellis has a set of specialized teams - Customer Assistance, Default Prevention, Claims and Default Recovery - that serve borrowers throughout the student loan lifecycle. These teams educate student borrowers about loans and their repayment options and help them return to repayment in the case of delinquency or default. Default Prevention - Trellis works with student loan borrowers, lenders and servicers to help prevent default on student loans. Counselors work with borrowers who have entered delinquency, educating them on student loan repayment options, deferments and forbearances in order for borrowers to successfully repay their federal student loans and avoid default. In FY20 the team received 65,597 Default Aversion Assistance Requests from lenders and successfully averted approximately $1.6 billion from default. As a result, more borrowers return to and make progress in repayment, which allows the borrowers to avoid the negative consequences of default, including damaged credit, the loss of eligibility for federal student aid and the high cost of collection fees. Claims - Trellis processes default claims submitted by lenders that have been unsuccessful in transitioning borrowers with delinquent loans back into repayment. When lenders submit claims on Trellis -guaranteed loans, Trellis verifies the lender's compliance with FFEL program requirements, and, if valid, manages the purchase of the loan from the lender. It is at that time that the loan enters Trellis' portfolio for collection. In FY20, Trellis processed claims totaling approximately $256 million. Collections - Upon default claim payment, Trellis is statutorily required to pursue collection efforts on behalf of the federal government on all Trellis -guaranteed student loans. While the team's core responsibility is to recover taxpayer assets, Trellis works with borrowers to find the best option for them in resolving their default. The goal is to help the borrower return to repayment in a way that repairs their credit. In FY20, Trellis' Default Recovery team set up new repayment plans for 6,890 borrowers. Of those new repayment plans, 85.1 percent started borrowers on beneficial rehabilitation programs, the best solution for borrowers with defaulted loans. In FY20, Trellis collected approximately $388 million in defaulted student loans. GENERAL STATEMENT 3 FORM 990, PART III, Line 4b - Non-Guarantor Operations: Trellis' non-guarantor operations include various endeavors related to promoting access to higher education, including Trellis' philanthropic activities. Additionally, Trellis provides a variety of services targeted at enhancing the higher education community and creating positive student outcomes, including: Research and Public Policy Services: Trellis provides extensive research services that are targeted at understanding the consumer experience related to financing, participating and persisting in higher education. These services are utilized to better understand the challenges associated with post-secondary financing and participation and are used to inform campus administrators, student service providers and policy makers. Trellis administers a wide variety of qualitative and quantitative research throughout the year to support these goals. Student Support Services - Trellis provides a variety of support services targeted at assisting students in navigating the college access and completion journey. These services include: 1. Financial coaching services (which provides in depth one on one consultations regarding student finances), 2. Support services for filling out the Free Application for Federal Student Aid (FAFSA), 3. Student financial literacy resources, 4. Communication services to help students start and stay in college, 5. A free, public-access website Mosaiec (mosaiec.org) to provide resources about how and why to pay for college, 6. Default prevention services to students prior to default, and 7. Support to assist students who have stopped-out to return to complete the degree. Institutional Support Services: Trellis provides support resources for college and universities to assist in developing capacity on campus. These services support the development of policies, procedures and programs that assist in helping more student obtain a postsecondary degree or credential. GENERAL STATEMENT 4 FORM 990, PART VI, SECTION A, LINE 2: The following Trellis Company employees, as officers/directors of Trellis Holdings, have a business relationship: Yvonne Batts Renard Johnson Edward Escudero Dennis Moroney Greg Dickenson The following Trellis Company employees, as officers of Waypoint Resource Group, have a business relationship: Scott Giles Greg Dickenson Danen Shiek GENERAL STATEMENT 5 PROCESS OF REVIEWING THE 990 FORM 990, PART VI, Section B, Line 11b: Trellis' Accounting Department works with its CPA firm to prepare the 990. Once a final draft is available, it is submitted to executive management for review. Once all questions have been resolved, the return, in its final form, is provided to the Trellis Board of Directors for their review. GENERAL STATEMENT 6 ENFORCEMENT OF CONFLICT OF INTEREST POLICY Form 990, PART VI, Section B, Line 12c: Trellis' Code of Business Conduct is a policy which all employees, officers, and directors must agree to. Within the Code of Business Conduct, managers, keys employees, officers and directors are required to disclose any business interests outside of Trellis. Trellis' legal counsel proactively reviews and acts on potential conflicts. Actual conflicts, should they occur, may result in disciplinary action, up to and including termination and possible criminal prosecution. Trellis team members are required to complete periodic training as it relates to Trellis' Code of Business Conduct. GENERAL STATEMENT 7 COMPENSATION DETERMINATION Form 990, Part VI, Section B, Line 15a and 15b: Trellis contracts with a third party consultant to provide benchmark data for Trellis employees and officers, including annual compensation studies which are presented to the Trellis Board of Directors for their review. In 2020, Trellis also engaged a third party consultant to perform a compensation analysis for the board positions and the Board adopted the consultant's recommendations. The third party consultants use compensation data for similarly qualified persons in the comparable positions for both officers and key employees in similar organizations. Documentation to support benchmark decisions regarding compensation arrangements for all employees is retained. The officer and employee positions for which the benchmarking process is used to establish compensation occurs annually. The Board of Directors specifically reviews executive management compensation benchmarks and approves annual adjustments and/or merit increases as recommended by the President/CEO. Annually, the Board makes specific decisions of the President/CEO's salary. Decisions regarding compensation are documented in the board meeting minutes. GENERAL STATEMENT 8 DISCLOSURE OF DOCUMENTS Form 990, Part VI, Section C, Line 19: Trellis' Code of Business Conduct is available to all employees and the general public via Trellis' website: www.trelliscompany.org. Trellis' audited financial statements are available upon request. GENERAL STATEMENT 9 FORM 990, PART XI, LINE 9: In the fiscal year ended September 30, 2020, Trellis Company adopted ASU 2018-08, Not-for-profit Entities (Topic 958): Clarifying the Scope and the Accounting Guidance for Contributions Received and Contributions Made. Trellis determined that the funds held in the Federal Fund were conditional grants and recognizable when the conditions are met. The funds are now accounted for as a refundable advance until the conditions have been substantially met or explicitly waived by the Department of Education. The beginning fund balance as of September 30, 2019 of $424,495,246 has been reclassified to Other Assets and Other Liabilities. Back A Boiler - ISA Fund II, LLC - Loss not recorded on books: $ (9,451) FORM 990 PART IX LINE 11G DESCRIPTION:CONSULTING TOTAL FEES:1147132 FORM 990 PART IX LINE 11G DESCRIPTION:HR CONSULTING/EMPLOYEE BENEFIT TOTAL FEES:364007 FORM 990 PART IX LINE 11G DESCRIPTION:INSURANCE TOTAL FEES:13658 FORM 990 PART IX LINE 11G DESCRIPTION:IT OFF SIGHT RECOVERY SERVICES TOTAL FEES:100946 FORM 990 PART IX LINE 11G DESCRIPTION:IT PROFESSIONAL SERVICES TOTAL FEES:195235 FORM 990 PART IX LINE 11G DESCRIPTION:MISC SERVICES TOTAL FEES:102096 FORM 990 PART IX LINE 11G DESCRIPTION:RECRUITING TOTAL FEES:10782 FORM 990 PART IX LINE 11G DESCRIPTION:SKIP TRACE TOTAL FEES:12285 FORM 990 PART IX LINE 11G DESCRIPTION:TWC-ICR SUBCONTRACT EXPENSE TOTAL FEES:4106718 FORM 990 PART IX LINE 11G DESCRIPTION:COMMISSION TOTAL FEES:16605 TRELLIS HOLDINGS INC PO BOX 6714 ROUND ROCK TX 78683 742748786 COLLECTION AG TX TRELLIS CO C CORP 5555830 9932042 1.00000 true false false false false false false false false false false false false false true true false true false true TRELLIS HOLDINGS INC S 2790000 FMV TRELLIS HOLDINGS INC Q 237328 FMV TRELLIS HOLDINGS INC O 670199 FMV TRELLIS HOLDINGS INC N 395799 FMV