STUDENT LOAN GUARANTEE FOUNDATION OF ARKANSAS: Form 990, tax year 2014

View the entire original 990 at ProPublica ↗

Organization: STUDENT LOAN GUARANTEE FOUNDATION OF ARKANSAS (EIN 71-0394768)
Tax period: 2014-10-01 to 2015-09-30
Filed: 2016-05-12
IRS object ID: 201631339349303808
Schema version: 2014v6.0
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
Form 990
Schedule A
Schedule D
Schedule J
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2016-05-12T13:42:52-05:00	ReturnTs
Tax Period End	2015-09-30	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	710271741	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	Thomas & Thomas LLP	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	201 E Markham Suite 500	AddressLine1Txt
City	Little Rock	CityNm
State Abbreviation	AR	StateAbbreviationCd
ZIP	72201	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990	ReturnTypeCd
Tax Period Begin	2014-10-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	710394768	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	Student Loan Guarantee Foundation of	BusinessNameLine1Txt
Business Name Line2	Arkansas Inc	BusinessNameLine2Txt

Field	Value	IRS element (for citing)
Business Name Control	STUD	BusinessNameControlTxt
Phone	5016887616	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	10 Turtle Creek Lane	AddressLine1Txt
City	Little Rock	CityNm
State Abbreviation	AR	StateAbbreviationCd
ZIP	72202	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	Susan Balest	PersonNm
Person Title	Executive Director	PersonTitleTxt
Phone	5016887624	PhoneNum
Signature	2016-05-06	SignatureDt
Discuss With Paid Preparer	Yes (1)	DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	Sherry Chesser CPA	PreparerPersonNm
PTIN	P00174819	PTIN
Phone	5013752025	PhoneNum

Field	Value	IRS element (for citing)
Tax	2014	TaxYr
Build TS	2016-08-17 19:52:53Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Principal Officer	Susan Balest	PrincipalOfficerNm

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	10 Turtle Creek Lane	AddressLine1Txt
City	Little Rock	CityNm
State Abbreviation	AR	StateAbbreviationCd
ZIP	72202	ZIPCd

Field	Value	IRS element (for citing)
Gross Receipts	$112,268	GrossReceiptsAmt
Group Return For Affiliates	0	GroupReturnForAffiliatesInd
Organization501c3	Yes (X)	Organization501c3Ind
Website Address	www.slgfa.org	WebsiteAddressTxt
Type Of Organization Corp	Yes (X)	TypeOfOrganizationCorpInd
Formation	1966	FormationYr
Legal Domicile State	AR	LegalDomicileStateCd
Activity Or Mission	To provide support to colleges and universities in the area of student debt management.	ActivityOrMissionDesc
Voting Members Governing Body	8	VotingMembersGoverningBodyCnt
Voting Members Independent	7	VotingMembersIndependentCnt
Total Employee	39	TotalEmployeeCnt
Total Volunteers	0	TotalVolunteersCnt
Total Gross UBI	$0	TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm	$0	NetUnrelatedBusTxblIncmAmt
PY Contributions Grants	$0	PYContributionsGrantsAmt
CY Contributions Grants	$0	CYContributionsGrantsAmt
PY Program Service Revenue	$20,563,991	PYProgramServiceRevenueAmt
CY Program Service Revenue	$3,976	CYProgramServiceRevenueAmt
PY Investment Income	$5,573	PYInvestmentIncomeAmt
CY Investment Income	$101,742	CYInvestmentIncomeAmt
PY Other Revenue	$0	PYOtherRevenueAmt
CY Other Revenue	$6,550	CYOtherRevenueAmt
PY Total Revenue	$20,569,564	PYTotalRevenueAmt
CY Total Revenue	$112,268	CYTotalRevenueAmt
PY Grants And Similar Paid	$0	PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid	$0	CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members	$0	PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members	$0	CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid	$2,661,908	PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid	$2,094,549	CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns	$0	PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns	$0	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$0	CYTotalFundraisingExpenseAmt
PY Other Expenses	$16,060,404	PYOtherExpensesAmt
CY Other Expenses	$823,163	CYOtherExpensesAmt
PY Total Expenses	$18,722,312	PYTotalExpensesAmt
CY Total Expenses	$2,917,712	CYTotalExpensesAmt
PY Revenues Less Expenses	$1,847,252	PYRevenuesLessExpensesAmt
CY Revenues Less Expenses	-$2,805,444	CYRevenuesLessExpensesAmt
Total Assets BOY	$20,551,826	TotalAssetsBOYAmt
Total Assets EOY	$14,803,241	TotalAssetsEOYAmt
Total Liabilities BOY	$2,988,938	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$189,128	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	$17,562,888	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	$14,614,113	NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part III	Yes (X)	InfoInScheduleOPartIIIInd
Mission	To provide support to colleges and universities in the area of student debt management and other supporting services for the administration of financial aid programs.	MissionDesc
Significant New Program Srvc	Yes (1)	SignificantNewProgramSrvcInd
Significant Change	Yes (1)	SignificantChangeInd
Expense	$2,480,055	ExpenseAmt
Revenue	$3,976	RevenueAmt
Desc	GuidEd Services - Provided support to colleges and universities in the area of student debt management and other supporting services for the administration of financial aid programs.	Desc
Total Program Service Expenses	$2,480,055	TotalProgramServiceExpensesAmt
Described In Section501c3	Yes (1)	DescribedInSection501c3Ind
Schedule B Required	0	ScheduleBRequiredInd
Political Campaign Acty	0	PoliticalCampaignActyInd
Lobbying Activities	0	LobbyingActivitiesInd
Subject To Proxy Tax	0	SubjectToProxyTaxInd
Donor Advised Fund	0	DonorAdvisedFundInd
Conservation Easements	0	ConservationEasementsInd
Collections Of Art	0	CollectionsOfArtInd
Credit Counseling	Yes (1)	CreditCounselingInd
Temp Or Permanent Endowments	0	TempOrPermanentEndowmentsInd
Report Land Building Equipment	Yes (1)	ReportLandBuildingEquipmentInd
Report Investments Other Sec	0	ReportInvestmentsOtherSecInd
Report Program Related Invst	0	ReportProgramRelatedInvstInd
Report Other Assets	0	ReportOtherAssetsInd
Report Other Liabilities	0	ReportOtherLiabilitiesInd
Include FIN48 Footnote	Yes (1)	IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt	Yes (1)	IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt	0	ConsolidatedAuditFinclStmtInd
School Operating	0	SchoolOperatingInd
Foreign Office	0	ForeignOfficeInd
Foreign Activities	0	ForeignActivitiesInd
More Than5000 K To Org	0	MoreThan5000KToOrgInd
More Than5000 K To Individuals	0	MoreThan5000KToIndividualsInd
Professional Fundraising	0	ProfessionalFundraisingInd
Fundraising Activities	0	FundraisingActivitiesInd
Gaming Activities	0	GamingActivitiesInd
Operate Hospital	0	OperateHospitalInd
Grants To Organizations	0	GrantsToOrganizationsInd
Grants To Individuals	0	GrantsToIndividualsInd
Schedule J Required	Yes (1)	ScheduleJRequiredInd
Tax Exempt Bonds	0	TaxExemptBondsInd
Engaged In Excess Benefit Trans	0	EngagedInExcessBenefitTransInd
PY Excess Benefit Trans	0	PYExcessBenefitTransInd
Loan Outstanding	0	LoanOutstandingInd
Grant To Related Person	0	GrantToRelatedPersonInd
Business Rln With Org Mem	0	BusinessRlnWithOrgMemInd
Business Rln With Fam Mem	0	BusinessRlnWithFamMemInd
Business Rln With Officer Ent	0	BusinessRlnWithOfficerEntInd
Deductible Non Cash Contri	0	DeductibleNonCashContriInd
Deductible Art Contribution	0	DeductibleArtContributionInd
Terminate Operations	0	TerminateOperationsInd
Partial Liquidation	0	PartialLiquidationInd
Disregarded Entity	0	DisregardedEntityInd
Related Entity	0	RelatedEntityInd
Related Organization Ctrl Ent	0	RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org	0	TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp	0	ActivitiesConductedPrtshpInd
Schedule O Required	Yes (1)	ScheduleORequiredInd
IRP Document	10	IRPDocumentCnt
IRP Document W2 G	0	IRPDocumentW2GCnt
Backup Wthld Compliance	Yes (1)	BackupWthldComplianceInd
Employee	39	EmployeeCnt
Employment Tax Returns Filed	Yes (1)	EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit	0	UnrelatedBusIncmOverLimitInd
Foreign Financial Account	0	ForeignFinancialAccountInd
Prohibited Tax Shelter Trans	0	ProhibitedTaxShelterTransInd
Taxable Party Notification	0	TaxablePartyNotificationInd
Nondeductible Contributions	0	NondeductibleContributionsInd
Quid Pro Quo Contributions	0	QuidProQuoContributionsInd
Form8282 Property Disposed Of	0	Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct	0	RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct	0	PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services	0	IndoorTanningServicesInd
Info In Schedule O Part VI	Yes (X)	InfoInScheduleOPartVIInd
Governing Body Voting Members	8	GoverningBodyVotingMembersCnt
Independent Voting Member	7	IndependentVotingMemberCnt
Family Or Business Rln	0	FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties	0	DelegationOfMgmtDutiesInd
Change To Org Documents	Yes (1)	ChangeToOrgDocumentsInd
Material Diversion Or Misuse	0	MaterialDiversionOrMisuseInd
Members Or Stockholders	0	MembersOrStockholdersInd
Election Of Board Members	0	ElectionOfBoardMembersInd
Decisions Subject To Approva	0	DecisionsSubjectToApprovaInd
Minutes Of Governing Body	Yes (1)	MinutesOfGoverningBodyInd
Minutes Of Committees	Yes (1)	MinutesOfCommitteesInd
Officer Mailing Address	0	OfficerMailingAddressInd
Local Chapters	0	LocalChaptersInd
Form990 Provided To Gvrn Body	Yes (1)	Form990ProvidedToGvrnBodyInd
Conflict Of Interest Policy	Yes (1)	ConflictOfInterestPolicyInd
Annual Disclosure Covered Prsn	Yes (1)	AnnualDisclosureCoveredPrsnInd
Regular Monitoring Enfrc	Yes (1)	RegularMonitoringEnfrcInd
Whistleblower Policy	0	WhistleblowerPolicyInd
Document Retention Policy	Yes (1)	DocumentRetentionPolicyInd
Compensation Process CEO	Yes (1)	CompensationProcessCEOInd
Compensation Process Other	Yes (1)	CompensationProcessOtherInd
Investment In Joint Venture	0	InvestmentInJointVentureInd
Upon Request	Yes (X)	UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	The Organization	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Phone	5016887616	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	10 Turtle Creek Lane	AddressLine1Txt
City	Little Rock	CityNm
State Abbreviation	AR	StateAbbreviationCd
ZIP	72202	ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (8 entries)

TitleTitleTxt	Average Hours Per WeekAverageHoursPerWeekRt	Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd	Reportable Comp From OrgReportableCompFromOrgAmt	Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt	Other CompensationOtherCompensationAmt	OfficerOfficerInd
Dr Tom Bishop
Director	1.00	Yes (X)	$1,525	$0	$0
Mr Gary Greene
Director	1.00	Yes (X)	$1,525	$0	$0
Dr Samuel Howell
Director	1.00	Yes (X)	$1,950	$0	$0
Ms Cheryl Lyons
Director	1.00	Yes (X)	$0	$0	$0
Mr Harold McDonald
Director	1.00	Yes (X)	$1,950	$0	$0
Mr Bert Mullens
Director	1.00	Yes (X)	$1,425	$0	$0
Mr Mark Ryan
Director	1.00	Yes (X)	$1,250	$0	$0
Ms Susan Balest
Executive Director/CFO	40.00	Yes (X)	$180,559	$0	$26,916	Yes (X)

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	$190,184	TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org	$0	TotReportableCompRltdOrgAmt
Total Other Compensation	$26,916	TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K	1	IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed	0	FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K	Yes (1)	TotalCompGreaterThan150KInd
Compensation From Other Srcs	0	CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp

Contractor Name ContractorName

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	Navient Solutions Inc	BusinessNameLine1Txt

Contractor Address ContractorAddress

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	PO Box 8003	AddressLine1Txt
City	Fishers	CityNm
State Abbreviation	IN	StateAbbreviationCd
ZIP	46038	ZIPCd

Field	Value	IRS element (for citing)
Services	Portfolio Management & Collection	ServicesDesc
Compensation	$5,300,814	CompensationAmt

Field	Value	IRS element (for citing)
Cntrct Rcvd Greater Than100 K	1	CntrctRcvdGreaterThan100KCnt

Program Service Revenue ProgramServiceRevenueGrp

Field	Value	IRS element (for citing)
Desc	GuidEd Services	Desc
Business	900099	BusinessCd
Total Revenue Column	$3,976	TotalRevenueColumnAmt
Related Or Exempt Func Income	$3,976	RelatedOrExemptFuncIncomeAmt

Field	Value	IRS element (for citing)
Total Program Service Revenue	$3,976	TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$101,742	TotalRevenueColumnAmt
Exclusion	$101,742	ExclusionAmt

Gross Rents GrossRentsGrp

Field	Value	IRS element (for citing)
Real	$6,550	RealAmt

Less Rental Expenses LessRentalExpensesGrp

Field	Value	IRS element (for citing)
Real	$0	RealAmt

Rental Income Or Loss RentalIncomeOrLossGrp

Field	Value	IRS element (for citing)
Real	$6,550	RealAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$6,550	TotalRevenueColumnAmt
Exclusion	$6,550	ExclusionAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$112,268	TotalRevenueColumnAmt
Related Or Exempt Func Income	$3,976	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$0	UnrelatedBusinessRevenueAmt
Exclusion	$108,292	ExclusionAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

Field	Value	IRS element (for citing)
Total	$235,421	TotalAmt
Program Services	$200,108	ProgramServicesAmt
Management And General	$35,313	ManagementAndGeneralAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

Field	Value	IRS element (for citing)
Total	$1,376,188	TotalAmt
Program Services	$1,169,760	ProgramServicesAmt
Management And General	$206,428	ManagementAndGeneralAmt

Pension Plan Contributions PensionPlanContributionsGrp

Field	Value	IRS element (for citing)
Total	$97,992	TotalAmt
Program Services	$83,293	ProgramServicesAmt
Management And General	$14,699	ManagementAndGeneralAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

Field	Value	IRS element (for citing)
Total	$190,472	TotalAmt
Program Services	$161,901	ProgramServicesAmt
Management And General	$28,571	ManagementAndGeneralAmt

Payroll Taxes PayrollTaxesGrp

Field	Value	IRS element (for citing)
Total	$194,476	TotalAmt
Program Services	$165,305	ProgramServicesAmt
Management And General	$29,171	ManagementAndGeneralAmt

Fees For Services Legal FeesForServicesLegalGrp

Field	Value	IRS element (for citing)
Total	$122,579	TotalAmt
Program Services	$104,192	ProgramServicesAmt
Management And General	$18,387	ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

Field	Value	IRS element (for citing)
Total	$73,760	TotalAmt
Program Services	$62,696	ProgramServicesAmt
Management And General	$11,064	ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

Field	Value	IRS element (for citing)
Total	$85,813	TotalAmt
Program Services	$72,941	ProgramServicesAmt
Management And General	$12,872	ManagementAndGeneralAmt

Information Technology InformationTechnologyGrp

Field	Value	IRS element (for citing)
Total	$86,867	TotalAmt
Program Services	$73,837	ProgramServicesAmt
Management And General	$13,030	ManagementAndGeneralAmt

Occupancy OccupancyGrp

Field	Value	IRS element (for citing)
Total	$186,405	TotalAmt
Program Services	$158,444	ProgramServicesAmt
Management And General	$27,961	ManagementAndGeneralAmt

Travel TravelGrp

Field	Value	IRS element (for citing)
Total	$12,790	TotalAmt
Program Services	$10,872	ProgramServicesAmt
Management And General	$1,918	ManagementAndGeneralAmt

Conferences Meetings ConferencesMeetingsGrp

Field	Value	IRS element (for citing)
Total	$16,337	TotalAmt
Program Services	$13,886	ProgramServicesAmt
Management And General	$2,451	ManagementAndGeneralAmt

Depreciation Depletion DepreciationDepletionGrp

Field	Value	IRS element (for citing)
Total	$171,537	TotalAmt
Program Services	$145,806	ProgramServicesAmt
Management And General	$25,731	ManagementAndGeneralAmt

Insurance InsuranceGrp

Field	Value	IRS element (for citing)
Total	$55,354	TotalAmt
Program Services	$47,051	ProgramServicesAmt
Management And General	$8,303	ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (3 entries)

DescDesc	TotalTotalAmt	Program ServicesProgramServicesAmt	Management And GeneralManagementAndGeneralAmt
Dues/Publications	$9,732	$8,272	$1,460
Public Relations	$1,289	$1,096	$193
Sponsorship	$700	$595	$105

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$2,917,712	TotalAmt
Program Services	$2,480,055	ProgramServicesAmt
Management And General	$437,657	ManagementAndGeneralAmt
Fundraising	$0	FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

Field	Value	IRS element (for citing)
BOY	$250	BOYAmt
EOY	$250	EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

Field	Value	IRS element (for citing)
BOY	$14,805,793	BOYAmt
EOY	$9,472,356	EOYAmt

Accounts Receivable AccountsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$243,999	BOYAmt
EOY	$2,060	EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

Field	Value	IRS element (for citing)
BOY	$16,689	BOYAmt
EOY	$12,568	EOYAmt

Field	Value	IRS element (for citing)
Land Bldg Equip Cost Or Other Bss	$7,680,442	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$2,364,435	LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

Field	Value	IRS element (for citing)
BOY	$5,485,095	BOYAmt
EOY	$5,316,007	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$20,551,826	BOYAmt
EOY	$14,803,241	EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

Field	Value	IRS element (for citing)
BOY	$2,988,938	BOYAmt
EOY	$189,128	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$2,988,938	BOYAmt
EOY	$189,128	EOYAmt

Field	Value	IRS element (for citing)
Organization Follows SFAS117	Yes (X)	OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$17,562,888	BOYAmt
EOY	$14,614,113	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$17,562,888	BOYAmt
EOY	$14,614,113	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$20,551,826	BOYAmt
EOY	$14,803,241	EOYAmt

Field	Value	IRS element (for citing)
Reconcilation Revenue Expnss	-$2,805,444	ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst	-$143,331	NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets	$0	OtherChangesInNetAssetsAmt
Method Of Accounting Accrual	Yes (X)	MethodOfAccountingAccrualInd
Accountant Compile Or Review	0	AccountantCompileOrReviewInd
FS Audited	Yes (1)	FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

Field	Value	IRS element (for citing)
Separate Basis Fincl Stmt	Yes (X)	SeparateBasisFinclStmtInd

Field	Value	IRS element (for citing)
Audit Committee	Yes (1)	AuditCommitteeInd
Federal Grant Audit Required	0	FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

Field	Value	IRS element (for citing)
Publicly Supported Org509a2	Yes (X)	PubliclySupportedOrg509a2Ind

Gross Receipts Admissions GrossReceiptsAdmissionsGrp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$17,190,032	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$19,469,130	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$20,143,583	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$20,563,991	CurrentTaxYearMinus1YearAmt
Current Tax Year	$3,976	CurrentTaxYearAmt
Total	$77,370,712	TotalAmt

Total509 Total509Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$17,190,032	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$19,469,130	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$20,143,583	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$20,563,991	CurrentTaxYearMinus1YearAmt
Current Tax Year	$3,976	CurrentTaxYearAmt
Total	$77,370,712	TotalAmt

Amounts Rcvd Dsqlfy Person AmountsRcvdDsqlfyPersonGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Substantial Contributors Amt SubstantialContributorsAmtGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Subst And Dsqlfy Prsns Tot SubstAndDsqlfyPrsnsTotGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Field	Value	IRS element (for citing)
Public Support Total509	$77,370,712	PublicSupportTotal509Amt

Gross Investment Income509 GrossInvestmentIncome509Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$6,307	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$9,180	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$6,829	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$5,573	CurrentTaxYearMinus1YearAmt
Current Tax Year	$108,292	CurrentTaxYearAmt
Total	$136,181	TotalAmt

Investment Income And UBTI InvestmentIncomeAndUBTIGrp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$6,307	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$9,180	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$6,829	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$5,573	CurrentTaxYearMinus1YearAmt
Current Tax Year	$108,292	CurrentTaxYearAmt
Total	$136,181	TotalAmt

Total Support Calendar Year TotalSupportCalendarYearGrp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$17,196,339	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$19,478,310	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$20,150,412	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$20,569,564	CurrentTaxYearMinus1YearAmt
Current Tax Year	$112,268	CurrentTaxYearAmt
Total	$77,506,893	TotalAmt

Field	Value	IRS element (for citing)
Public Support CY509	0.99820	PublicSupportCY509Pct
Public Support PY509	0.99960	PublicSupportPY509Pct
Investment Income CY	0.00180	InvestmentIncomeCYPct
Investment Income PY	0.00040	InvestmentIncomePYPct
Thirty Thr Pct Suprt Tests CY509	Yes (X)	ThirtyThrPctSuprtTestsCY509Ind

Schedule D IRS990ScheduleD

Field	Value	IRS element (for citing)
Agent Trustee Etc	0	AgentTrusteeEtcInd
Incl Escrow Custodial Acct Liab	0	InclEscrowCustodialAcctLiabInd

Land LandGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$1,563,132	OtherCostOrOtherBasisAmt
Book Value	$1,563,132	BookValueAmt

Buildings BuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$4,941,303	OtherCostOrOtherBasisAmt
Depreciation	$1,226,104	DepreciationAmt
Book Value	$3,715,199	BookValueAmt

Equipment EquipmentGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$970,565	OtherCostOrOtherBasisAmt
Depreciation	$945,645	DepreciationAmt
Book Value	$24,920	BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$205,442	OtherCostOrOtherBasisAmt
Depreciation	$192,686	DepreciationAmt
Book Value	$12,756	BookValueAmt

Field	Value	IRS element (for citing)
Total Book Value Land Buildings	$5,316,007	TotalBookValueLandBuildingsAmt
Footnote Text	Yes (X)	FootnoteTextInd
Total Rev Etc Audited Fincl Stmt	-$31,063	TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst	-$143,331	NetUnrealizedGainsInvstAmt
Revenue Not Reported	-$143,331	RevenueNotReportedAmt
Revenue Subtotal	$112,268	RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt	$0	RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990	$112,268	TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt	$2,917,712	TotExpnsEtcAuditedFinclStmtAmt
Expenses Not Reported	$0	ExpensesNotReportedAmt
Expenses Subtotal	$2,917,712	ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt	$0	ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990	$2,917,712	TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	Part X, Line 2:	FormAndLineReferenceDesc
Explanation	The Foundation is a tax-exempt organization under the provisions of Section 501(c)(3) of the Internal Revenue Code. Accordingly, no provision for income taxes has been made in the accompanying financial statements. The Foundation has also been classified as an entity that is not a private foundation within the meaning of Internal Revenue Code Section 509(a). Accounting standards require the Foundation to evaluate tax positions and recognize a tax liability (or asset) if the Foundation has taken an uncertain position that more likely than not would not be sustained upon examination by the Internal Revenue Service. The Foundation has analyzed the tax positions taken and has concluded that as of September 30, 2015, there are no uncertain positions taken or expected to be taken that would require the recognition of a liability (or asset) or disclosure in the financial statements. The Foundation may be subject to audit by the Internal Revenue Service; however there are currently no audits for any tax periods in progress.	ExplanationTxt

Schedule J IRS990ScheduleJ

Field	Value	IRS element (for citing)
Substantiation Required	Yes (1)	SubstantiationRequiredInd
Written Employment Contract	Yes (X)	WrittenEmploymentContractInd
Compensation Survey	Yes (X)	CompensationSurveyInd
Board Or Committee Approval	Yes (X)	BoardOrCommitteeApprovalInd
Severance Payment	0	SeverancePaymentInd
Supplemental Nonqual Rtr Plan	0	SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm	0	EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org	0	CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs	0	CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org	0	CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs	0	CompBsdNetEarnsRltdOrgsInd
Any Non Fixed Payments	0	AnyNonFixedPaymentsInd
Initial Contract Exception	0	InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp

Field	Value	IRS element (for citing)
Person	Ms Susan Balest	PersonNm
Title	Executive Director/CFO	TitleTxt
Base Compensation Filing Org	$180,559	BaseCompensationFilingOrgAmt
Compensation Based On Rltd Orgs	$0	CompensationBasedOnRltdOrgsAmt
Bonus Filing Organization	$0	BonusFilingOrganizationAmount
Bonus Related Organizations	$0	BonusRelatedOrganizationsAmt
Other Compensation Filing Org	$0	OtherCompensationFilingOrgAmt
Other Compensation Rltd Orgs	$0	OtherCompensationRltdOrgsAmt
Deferred Compensation Flng Org	$13,367	DeferredCompensationFlngOrgAmt
Deferred Comp Rltd Orgs	$0	DeferredCompRltdOrgsAmt
Nontaxable Benefits Filing Org	$13,549	NontaxableBenefitsFilingOrgAmt
Nontaxable Benefits Rltd Orgs	$0	NontaxableBenefitsRltdOrgsAmt
Total Compensation Filing Org	$207,475	TotalCompensationFilingOrgAmt
Total Compensation Rltd Orgs	$0	TotalCompensationRltdOrgsAmt
Comp Report Prior990 Filing Org	$0	CompReportPrior990FilingOrgAmt
Comp Report Prior990 Rltd Orgs	$0	CompReportPrior990RltdOrgsAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (7 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
Form 990, Part III, line 2	On February 18, 2015 SLGFA completed the transfer of all of its student loan guarantee responsibilities to Great Lakes Higher Education Guaranty Corporation. Pursuant to 20 USC Section 1072b (d)(1) SLGFA was allowed to keep certain funds for post secondary educational use. SLGFA is currently using these funds to develop default management services, and support services for post secondary institutions.
Form 990, Part III, line 3	On February 18, 2015 SLGFA completed the transfer of all of its student loan guarantee responsibilities to Great Lakes Higher Education Guaranty Corporation. The Foundation has discontinued all services related to the issuance of loan guarantees.
Form 990, Part VI, Section A, line 4	On June 4, 2015 the bylaws were amended to allow membership on the board by any interested person selected by the board, without regard to their Arkansas residency; to clarify the process for removing of a board member; allow notice of meetings by electronic means; and to allow the preparation of board minutes by non-board members, so long as they are approved by the board.
Form 990, Part VI, Section B, line 11	Prior to being filed, the Form 990 is reviewed by the Executive Director, the Finance Committee, and then by the full Board of Directors.
Form 990, Part VI, Section B, line 12c	The conflict of interest policy is set forth in the Organization's Bylaws, and is based on 34 CFR Section 682.410(b)(1). A copy of this policy is provided to each board member and officer. In addition, each employee is provided a copy of the "prohibited inducement" policy and required to acknowledge in writing that they have read and understand the requirements of the policy. Although an annual report is not required of board members or key employees, to ensure compliance with these policies legal counsel is made aware of all significant transactions and attends board meetings to ensure that any conflict is considered, disclosed and resolved in accordance with policy. Board members are required to recuse themselves from any vote or deliberation which might result in a violation of the conflict of interest policy.
Form 990, Part VI, Section B, line 15	The compensation of all employees is determined by vote of the Board of Directors based on recommendations of the Personnel Committee. The compensation packages are established based on performance evaluations, comparisons to similar organizations, and salary surveys.
Form 990, Part VI, Section C, line 19	Copies of the Organization's governing documents, policies, and financial statements are available to the public at the Organization's physical location listed on Page 1, Box C.