IOWA STUDENT LOAN LIQUIDITY CORP: Form 990, tax year 2012
View the entire original 990 at ProPublica ↗
- Organization
- IOWA STUDENT LOAN LIQUIDITY CORP (EIN 42-1137531)
- Tax period
- 2012-07-01 to 2013-06-30
- Filed
- 2014-05-14
- IRS object ID
- 201411349349300626
- Schema version
- 2012v2.3
- Note
- A later return for the same period supersedes this one.
- 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 | 2014-05-14T09:14:45-05:00 | Timestamp |
| Tax Period End Date | 2013-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | KPMG LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 666 Grand Avenue Suite 2500 | AddressLine1 |
| City | Des Moines | City |
| State | IA | State |
| ZIP Code | 503092578 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2012-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 421137531 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Iowa Student Loan Liquidity Corporation | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of Name | % RON W FORESMAN | InCareOfName |
| Name Control | IOWA | NameControl |
| Phone | 5152737210 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 6805 VISTA DRIVE | AddressLine1 |
| Address Line2 | Suite | AddressLine2 |
| City | WEST DES MOINES | City |
| State | IA | State |
| ZIP Code | 502669307 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Erin Lacey | Name |
| Title | CFO | Title |
| Phone | 5152737210 | Phone |
| Date Signed | 2014-05-13 | DateSigned |
| Authorize Third Party | true | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 5152887465 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2012 | TaxYear |
| Build TS | 2016-02-25 16:41:14Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 82762681 | GrossReceipts |
| Group Return For Affiliates | false | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | www.studentloan.org | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1979 | YearFormation |
| State Legal Domicile | IA | StateLegalDomicile |
| Activity Or Mission Description | To Help Iowa Students and Families obtain the resources necessary to succeed in postsecondary eduction. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 11 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 5 | NbrIndependentVotingMembers |
| Total Nbr Employees | 322 | TotalNbrEmployees |
| Total Gross UBI | 1200 | TotalGrossUBI |
| Contributions Grants Prior Year | 0 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 0 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 70026566 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 82730268 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 28783 | InvestmentIncomePriorYear |
| Investment Income Current Year | 31554 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 0 | OtherRevenuePriorYear |
| Other Revenue Current Year | 808 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 70055349 | TotalRevenuePriorYear |
| Total Revenue Current Year | 82762630 | 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 | 15283094 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 12146596 | 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 | 106496052 | OtherExpensePriorYear |
| Other Expenses Current Year | 80884261 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 121779146 | TotalExpensesPriorYear |
| Total Expenses Current Year | 93030857 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -51723797 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | -10268227 | RevenuesLessExpensesCY |
| Total Assets BOY | 2395521113 | TotalAssetsBOY |
| Total Assets EOY | 2195691978 | TotalAssetsEOY |
| Total Liabilities BOY | 1948145694 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 1700529284 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 447375419 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 495162694 | NetAssetsOrFundBalancesEOY |
| Mission Description | To help Iowa students and families obtain the resources necessary to succeed in postsecondary education. | MissionDescription |
| Significant New Program Services | false | SignificantNewProgramServices |
| Significant Change | false | SignificantChange |
| Expense | 88639430 | Expense |
| Revenue | 82761430 | Revenue |
| Description | IOWA STUDENT LOAN LIQUIDITY CORPORATION provides funds for the acquisition and servicing of student loans under the U.S. Higher Education Act of 1965, as amended, and other non-Higher Education Act student loan programs. As of June 30, 2013, the Corporation serviced borrower loans totaling 477,106 with an outstanding balance of $2,880,765,613. | Description |
| Total Program Service Expense | 88639430 | TotalProgramServiceExpense |
| Described In501 C3 | true | DescribedIn501C3 |
| Schedule B Required | false | ScheduleBRequired |
| Political Activities | false | PoliticalActivities |
| Lobbying Activities | true | LobbyingActivities |
| Subject To Proxy Tax | false | SubjectToProxyTax |
| Donor Advised Funds | false | DonorAdvisedFunds |
| Conservation Easements | false | ConservationEasements |
| Collections Of Art | false | CollectionsOfArt |
| Credit Counseling | false | CreditCounseling |
| Term Or Permanent Endowments | false | TermOrPermanentEndowments |
| Report Land Bldg Equip | true | ReportLandBldgEquip |
| Report Invest Oth Securities | false | ReportInvestOthSecurities |
| Report Prog Rel Invest | false | ReportProgRelInvest |
| Report Other Assets | false | ReportOtherAssets |
| Report Other Liabilities | true | ReportOtherLiabilities |
| Report Fin48 Footnote | false | ReportFin48Footnote |
| Independent Audit Financial Stmt | true | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | true | ConsolidatedAuditFinancialStmt |
| School | false | School |
| Foreign Office | false | ForeignOffice |
| Foreign Activities | false | ForeignActivities |
| More Than5000 K To Organizations | false | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividuals |
| Professional Fundraising | false | ProfessionalFundraising |
| Fundraising Activities | false | FundraisingActivities |
| Gaming | false | Gaming |
| Hospital | false | Hospital |
| Grants To Organizations | false | GrantsToOrganizations |
| Grants To Individuals | false | GrantsToIndividuals |
| Schedule J Required | true | ScheduleJRequired |
| Tax Exempt Bonds | true | TaxExemptBonds |
| Invest Tax Exempt Bonds | false | InvestTaxExemptBonds |
| Escrow Account | false | EscrowAccount |
| On Behalf Of Issuer | false | OnBehalfOfIssuer |
| Excess Benefit Transaction | false | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | false | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | false | LoanToOfficerOrDQP |
| Grant To Related Person | false | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | false | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | false | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | false | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | false | DeductibleNonCashContributions |
| Deductible Contributions Of Art | false | DeductibleContributionsOfArt |
| Terminated | false | Terminated |
| Partial Liquidation | false | PartialLiquidation |
| Disregarded Entity | false | DisregardedEntity |
| Related Entity | true | RelatedEntity |
| Related Org Controlled Entity | false | RelatedOrgControlledEntity |
| Transfers To Exempt Non Chrtbl Org | false | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | false | ActivitiesConductedPartnership |
| Schedule O Required | true | ScheduleORequired |
| Number Forms Transmitted With1096 | 388 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Number Of Employees | 322 | NumberOfEmployees |
| Employment Tax Returns Filed | true | EmploymentTaxReturnsFiled |
| Unrelated Business Income | true | UnrelatedBusinessIncome |
| Form990-T Filed | true | Form990-TFiled |
| Foreign Financial Account | false | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTrans |
| Taxable Party Notification | false | TaxablePartyNotification |
| Non Deductible Contributions | false | NonDeductibleContributions |
| Quid Pro Quo Contributions | false | QuidProQuoContributions |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | false | FundsToPayPremiums |
| Premiums Paid | false | PremiumsPaid |
| Indoor Tanning Services | false | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 11 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 5 | NumberIndependentVotingMembers |
| Family Or Business Relationship | false | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | false | DelegationOfManagementDuties |
| Changes To Organizing Docs | false | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuse |
| Members Or Stockholders | false | MembersOrStockholders |
| Election Of Board Members | false | ElectionOfBoardMembers |
| Decisions Subject To Approval | false | DecisionsSubjectToApproval |
| Minutes Of Governing Body | true | MinutesOfGoverningBody |
| Minutes Of Committees | true | MinutesOfCommittees |
| Officer Mailing Address | false | OfficerMailingAddress |
| Local Chapters | false | LocalChapters |
| Form990 Provided To Governing Body | true | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | true | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | true | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | true | RegularMonitoringEnforcement |
| Whistleblower Policy | true | WhistleblowerPolicy |
| Document Retention Policy | true | DocumentRetentionPolicy |
| Compensation Process CEO | true | CompensationProcessCEO |
| Compensation Process Other | false | CompensationProcessOther |
| Investment In Joint Venture | false | InvestmentInJointVenture |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | RON W FORESMAN | NamePerson |
| Telephone Number | 5152737210 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 6805 VISTA DRIVE | AddressLine1 |
| City | West Des Moines | City |
| State | IA | State |
| ZIP Code | 50266 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (19 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|
| ROBERT W SACKETT | |||||||
| BOARD MEMBER | 1.0 | X | 10658 | 0 | 0 | ||
| JOHN O'BYRNE | |||||||
| BOARD MEMBER | 1.0 | X | 10685 | 0 | 0 | ||
| CATHERINE BEYERINK | |||||||
| BOARD MEMBER | 1.0 | X | 12113 | 0 | 0 | ||
| Laurie Hempin | |||||||
| Board Member | 1.0 | X | 9033 | 0 | 0 | ||
| Tammy Bramley | |||||||
| Board Member | 1.0 | X | 12113 | 0 | 0 | ||
| Dan Clute | |||||||
| Board Member | 1.0 | X | 4579 | 0 | 0 | ||
| Adam Voigts | |||||||
| Board Member | 1.0 | X | 3529 | 0 | 0 | ||
| Dr Tahira K Hira | |||||||
| Board Member | 1.0 | X | 0 | 0 | 0 | ||
| Dr Debra Derr | |||||||
| Board Member | 1.0 | X | 0 | 0 | 0 | ||
| Christine Hensley | |||||||
| Board Chairperson | 1.0 | X | 15978 | 0 | 0 | ||
| STEVE MCCULLOUGH | |||||||
| PRESIDENT & CEO | 40.0 | 320005 | 0 | 43334 | X | ||
| MARY KAY DEBOLT | |||||||
| VP of Operations & Secretary | 40.0 | 177046 | 0 | 30303 | X | ||
| WALTER C WITTHOFF | |||||||
| VICE PRESIDENT | 40.0 | 159777 | 30001 | X | |||
| Erin Lacey | |||||||
| CFO & Treasurer | 40.0 | 162229 | 0 | 33292 | X | ||
| RON FORESMAN | |||||||
| Controller | 40.0 | 142170 | 0 | 28150 | X | ||
| GREG NICHOLS | |||||||
| Senior VP of Public Affairs | 40.0 | 156234 | 0 | 33575 | X | ||
| Cindy Bartz | |||||||
| CIO & VP of Project Management | 40.0 | 156959 | 0 | 35201 | X | ||
| Marc Hendel | |||||||
| Senior Research Analyst | 40.0 | 188495 | 0 | 36543 | X | ||
| Chi-Ming J Lin | |||||||
| Chief Technical Architect | 40.0 | 168172 | 0 | 30523 | X | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 1709775 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 300922 | TotalOtherCompensation |
| Number Individuals GT100 K | 34 | NumberIndividualsGT100K |
| Formers Listed | false | FormersListed |
| Total Comp GT150 K | true | TotalCompGT150K |
| Compensation From Other Sources | false | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| Ahlers Cooney PC | |||||
| 100 Court Ave Suite 600 | DES MOINES | IA | 50309 | Legal | 741666 |
| Fitch Ratings Inc | |||||
| PO Box 26858 | NEW YORK | NY | 10087 | Bond Rating Services | 300000 |
| KPMG LLP | |||||
| 666 GRAND AVE STE 2500 | DES MOINES | IA | 50309 | ACCT, AUDIT, TAX | 217521 |
| Moody's Analytics Inc | |||||
| PO Box 116714 | ATLANTA | GA | 30368 | Bond Rating Services | 108675 |
| NAI Ruhl Ruhl Commercial Company | |||||
| 1701 48th Street Suite 111 | WEST DES MOINES | IA | 50309 | Real Estate Services | 130700 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 6 | NumberOfContractorsGT100K |
| Total Contributions | 0 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (3 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome | Unrelated Business RevenueUnrelatedBusinessRevenue |
|---|---|---|---|---|
| STUDENT LOAN INTEREST INCOME | 522291 | 78801972 | 78801972 | |
| OTHER STUDENT LOAN REVENUE | 522291 | 3927096 | 3927096 | |
| LOAN SERVICING REVENUE | 522291 | 1200 | 1200 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 82730268 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 31236 | TotalRevenueColumn |
| Related Or Exempt Function Income | 31236 | RelatedOrExemptFunctionIncome |
Income From Invest Bond Proceeds IncomeFromInvestBondProceeds
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Royalties Revenue RoyaltiesRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 0 | Real |
| Personal | 0 | Personal |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | 369 | Other |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | 51 | Other |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | 318 | Other |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 318 | TotalRevenueColumn |
| Related Or Exempt Function Income | 318 | RelatedOrExemptFunctionIncome |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Net Income From Gaming NetIncomeFromGaming
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Net Income Or Loss NetIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Other Revenue Misc OtherRevenueMisc
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | MISCELLANEOUS INCOME | Description |
| Business Code | 522291 | BusinessCode |
| Total Revenue Column | 808 | TotalRevenueColumn |
| Related Or Exempt Function Income | 808 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 808 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 82762630 | TotalRevenueColumn |
| Related Or Exempt Function Income | 82761430 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 1200 | UnrelatedBusinessRevenue |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Foreign Grants ForeignGrants
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Benefits To Members BenefitsToMembers
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 897745 | Total |
| Management And General | 897745 | ManagementAndGeneral |
Comp Disqual Persons CompDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 7189975 | Total |
| Program Services | 7189975 | ProgramServices |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1294499 | Total |
| Program Services | 1236959 | ProgramServices |
| Management And General | 57540 | ManagementAndGeneral |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1702988 | Total |
| Program Services | 1623598 | ProgramServices |
| Management And General | 79390 | ManagementAndGeneral |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1061389 | Total |
| Program Services | 940479 | ProgramServices |
| Management And General | 120910 | ManagementAndGeneral |
Fees For Services Management FeesForServicesManagement
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 637239 | Total |
| Management And General | 637239 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 235161 | Total |
| Management And General | 235161 | ManagementAndGeneral |
Fees For Services Lobbying FeesForServicesLobbying
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 139575 | Total |
| Program Services | 139575 | ProgramServices |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 93174 | Total |
| Program Services | 93174 | ProgramServices |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1612017 | Total |
| Program Services | 1612017 | ProgramServices |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 998498 | Total |
| Program Services | 998498 | ProgramServices |
Royalties Royalties
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1356473 | Total |
| Program Services | 1356473 | ProgramServices |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 131573 | Total |
| Program Services | 131573 | ProgramServices |
Travel Entrtnmnt Public Officials TravelEntrtnmntPublicOfficials
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 97722 | Total |
| Program Services | 97722 | ProgramServices |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 40234166 | Total |
| Program Services | 40234166 | ProgramServices |
Payments To Affiliates PaymentsToAffiliates
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1915649 | Total |
| Management And General | 1915649 | ManagementAndGeneral |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices |
|---|---|---|
| DEBT RELATED EXPENSES | 2531313 | 2531313 |
| PROVISION FOR LOAN LOSSES | 9385887 | 9385887 |
| CONSOLIDATED REBATE FEES | 5631931 | 5631931 |
| AMORTIZATION | 8162550 | 8162550 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 7721333 | Total |
| Program Services | 7273540 | ProgramServices |
| Management And General | 447793 | ManagementAndGeneral |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 93030857 | Total |
| Program Services | 88639430 | ProgramServices |
| Management And General | 4391427 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2103300 | BOY |
| EOY | 2262590 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 214136460 | BOY |
| EOY | 187806260 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2110232670 | BOY |
| EOY | 1906265024 | EOY |
Receivables From Officers Etc ReceivablesFromOfficersEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Receivables From Disqual Persons ReceivablesFromDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 14350989 | BOY |
| EOY | 10762514 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 33595587 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 21322395 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3213544 | BOY |
| EOY | 12273192 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 9644171 | BOY |
| EOY | 29502028 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4756849 | BOY |
| EOY | 961458 | EOY |
Investments Program Related InvestmentsProgramRelated
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Intangible Assets IntangibleAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 37083130 | BOY |
| EOY | 45858912 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2395521113 | BOY |
| EOY | 2195691978 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3565506 | BOY |
| EOY | 13316451 | EOY |
Grants Payable GrantsPayable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 16903390 | BOY |
| EOY | 12968928 | EOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 658201150 | BOY |
| EOY | 594541822 | EOY |
Escrow Account Liability EscrowAccountLiability
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Loans From Officers Directors LoansFromOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1245726827 | BOY |
| EOY | 1077173788 | EOY |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 23748821 | BOY |
| EOY | 2528295 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1948145694 | BOY |
| EOY | 1700529284 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 201795195 | BOY |
| EOY | 272491838 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 245580224 | BOY |
| EOY | 222670856 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 447375419 | BOY |
| EOY | 495162694 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2395521113 | BOY |
| EOY | 2195691978 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | -10268227 | ReconcilationRevenueExpenses |
| Reconciliation Unrealized Invest | 16321020 | ReconciliationUnrealizedInvest |
| Reconcilation Other Changes | 41734482 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | false | AccountantCompileOrReview |
| FS Audited | true | FSAudited |
FS Audited Basis FSAuditedBasis
| Field | Value | IRS element (for citing) |
|---|---|---|
| Financial Statement Consolidated | X | FinancialStatementConsolidated |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | true | AuditCommittee |
| Federal Grant Audit Required | true | FederalGrantAuditRequired |
| Federal Grant Audit Performed | true | 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 | 500 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 35139 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 0 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 0 | CurrentTaxYearMinus1Year |
| Current Tax Year | 0 | CurrentTaxYear |
| Total | 35639 | Total |
Gross Receipts From Admissions GrossReceiptsFromAdmissions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 179440731 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 114486755 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 105200952 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 70025366 | CurrentTaxYearMinus1Year |
| Current Tax Year | 82729068 | CurrentTaxYear |
| Total | 551882872 | Total |
Gross Receipts From Non UBI GrossReceiptsFromNonUBI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Tax Rev Levied For Org Benefit509 TaxRevLeviedForOrgBenefit509
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Value Of Svcs Fclts Furnishd By Govt ValueOfSvcsFcltsFurnishdByGovt
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Total509 Total509
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 179441231 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 114521894 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 105200952 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 70025366 | CurrentTaxYearMinus1Year |
| Current Tax Year | 82729068 | CurrentTaxYear |
| Total | 551918511 | Total |
Amts Recd From Disqual Persons AmtsRecdFromDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Amts From Subst Contributors AmtsFromSubstContributors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Support From DQ Ps Etc SupportFromDQPsEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total509 | 551918511 | PublicSupportTotal509 |
Gross Investment Income509 GrossInvestmentIncome509
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 1771855 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 561360 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 90316 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 28783 | CurrentTaxYearMinus1Year |
| Current Tax Year | 31236 | CurrentTaxYear |
| Total | 2483550 | Total |
Post1975 UBTI Post1975UBTI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Investment Income And UBTI InvestmentIncomeAndUBTI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 1771855 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 561360 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 90316 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 28783 | CurrentTaxYearMinus1Year |
| Current Tax Year | 31236 | CurrentTaxYear |
| Total | 2483550 | Total |
Net Income From Other UBI NetIncomeFromOtherUBI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Other Income509 OtherIncome509
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 21187 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 61664 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 228696 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 1200 | CurrentTaxYearMinus1Year |
| Current Tax Year | 2326 | CurrentTaxYear |
| Total | 315073 | Total |
Total Support Total TotalSupportTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 181234273 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 115144918 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 105519964 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 70055349 | CurrentTaxYearMinus1Year |
| Current Tax Year | 82762630 | CurrentTaxYear |
| Total | 554717134 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Percentage509 | 0.99496 | PublicSupportPercentage509 |
| Prior Year Support Percentage | 0.97650 | PriorYearSupportPercentage |
| Investment Income Percentage | 0.00448 | InvestmentIncomePercentage |
| Prior Yr Invest Income Percentage | 0.02190 | PriorYrInvestIncomePercentage |
| Thirty Three Percnt Tests CY509 | X | ThirtyThreePercntTestsCY509 |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grassroots Lobbying | TotalGrassrootsLobbying |
Total Direct Lobbying TotalDirectLobbying
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Totals | 139575 | FilingOrganizationsTotals |
Total Lobbying Expenditures TotalLobbyingExpenditures
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Totals | 139575 | FilingOrganizationsTotals |
Other Exempt Purpose Expenditures OtherExemptPurposeExpenditures
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Totals | 92891282 | FilingOrganizationsTotals |
Total Exempt Purpose Expenditures TotalExemptPurposeExpenditures
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Totals | 93030857 | FilingOrganizationsTotals |
Lobbying Nontaxable LobbyingNontaxableAmount
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Totals | 1000000 | FilingOrganizationsTotals |
Grassroots Nontaxable GrassrootsNontaxableAmount
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Totals | 250000 | FilingOrganizationsTotals |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Lobbying Grassroot Minus Non Tx | TotLobbyingGrassrootMinusNonTx | |
| Tot Lobby Expend Mns Lobbying Nontx | TotLobbyExpendMnsLobbyingNontx |
Lobbying Nontaxable Amount2 LobbyingNontaxableAmount2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year Minus3 | 1000000 | CurrentYearMinus3 |
| Current Year Minus2 | 1000000 | CurrentYearMinus2 |
| Current Year Minus1 | 1000000 | CurrentYearMinus1 |
| Current Year | 1000000 | CurrentYear |
| Total | 4000000 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Lobbying Ceiling | $6,000,000 | LobbyingCeilingAmount |
Total Lobbying Expenditures2 TotalLobbyingExpenditures2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year Minus3 | 123269 | CurrentYearMinus3 |
| Current Year Minus2 | 130330 | CurrentYearMinus2 |
| Current Year Minus1 | 124356 | CurrentYearMinus1 |
| Current Year | 139575 | CurrentYear |
| Total | 517530 | Total |
Grassroots Nontaxable Amount2 GrassrootsNontaxableAmount2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year Minus3 | 250000 | CurrentYearMinus3 |
| Current Year Minus2 | 250000 | CurrentYearMinus2 |
| Current Year Minus1 | 250000 | CurrentYearMinus1 |
| Current Year | 250000 | CurrentYear |
| Total | 1000000 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grassroots Ceiling | $1,500,000 | GrassrootsCeilingAmount |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Art Public Exhibition Amts | ArtPublicExhibitionAmts | |
| Held Works Of Art Amts | HeldWorksOfArtAmts | |
| Current Year Minus3 Years | CurrentYearMinus3Years | |
| Current Year Minus4 Years | CurrentYearMinus4Years |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 3129449 | OtherCostOrOtherBasis |
| Book Value | 3129449 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 5727557 | OtherCostOrOtherBasis |
| Depreciation | 166682 | Depreciation |
| Book Value | 5560875 | BookValue |
Leasehold Improvements LeaseholdImprovements
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 1492358 | OtherCostOrOtherBasis |
| Depreciation | 1182988 | Depreciation |
| Book Value | 309370 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 7331343 | OtherCostOrOtherBasis |
| Depreciation | 6507474 | Depreciation |
| Book Value | 823869 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 15914881 | OtherCostOrOtherBasis |
| Depreciation | 13465252 | Depreciation |
| Book Value | 2449629 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 12273192 | TotalOfBookValueLandBuildings |
| Federal Income Tax Liability | 0 | FederalIncomeTaxLiability |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | ACCRUED INTEREST PAYABLE | Description |
| Amount | $2,528,295 | Amount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 2528295 | TotalOfAmounts |
| Tot Revenue Etc Audited Fincl Stmt | 123125072 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | 16321020 | NetUnrealizedGainsInvestments |
| Other Revenues | 24041422 | OtherRevenues |
| Revenue Not Rptd F990 | 40362442 | RevenueNotRptdF990 |
| Revenue Subtotal | 82762630 | RevenueSubtotal |
| Total Revenue Per Form990 | 82762630 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 73050573 | TotExpensesEtcAuditedFinclStmt |
| Other Expenses Included | -19980284 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | -19980284 | ExpensesNotRptdF990 |
| Expenses Subtotal | 93030857 | ExpensesSubtotal |
| Total Expenses Per Form990 | 93030857 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIII Form990ScheduleDPartXIII (2 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| Other Adjustments To Revenue | Part XI, Line 2D | Financial Statement Elimination -2,715,020 Gain on Extinguishment of Bonds 2,428,885 GAAP Valuation Loss Recovery 7,262,698 Revenue of Taxable Subsidiary 17,064,859 |
| Other Adjustments to Expenses | Part XII, Line 2d | Financial Statement Elimination -2,715,020 Amortization of Bonds Extinguishment Gain -38,125,514 Expenses of Taxable Subsidiary 20,860,250 |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Independent Consultant | X | IndependentConsultant |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | false | SeverancePayment |
| Supplemental Nonqual Retire Plan | false | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | false | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | false | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | false | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | false | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | false | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | false | AnyNonFixedPayments |
| Initial Contract Exception | false | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII (9 entries)
| TitleTitle | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| STEVE MCCULLOUGH | ||||||||||||||
| PRESIDENT & CEO | 320005 | 0 | 0 | 0 | 0 | 0 | 26950 | 0 | 16384 | 0 | 363339 | 0 | 0 | 0 |
| RON FORESMAN | ||||||||||||||
| Controller | 142170 | 0 | 0 | 0 | 0 | 0 | 12274 | 0 | 15876 | 0 | 170320 | 0 | 0 | 0 |
| MARY KAY DEBOLT | ||||||||||||||
| VP of Operations & Secretary | 177046 | 0 | 0 | 0 | 0 | 0 | 19659 | 0 | 10644 | 0 | 207349 | 0 | 0 | 0 |
| WALTER C WITTHOFF | ||||||||||||||
| VICE PRESIDENT | 159777 | 0 | 0 | 18380 | 11621 | 189778 | 0 | |||||||
| GREG NICHOLS | ||||||||||||||
| Senior VP of Public Affairs | 156234 | 0 | 0 | 0 | 0 | 0 | 17659 | 0 | 15916 | 0 | 189809 | 0 | 0 | 0 |
| Erin Lacey | ||||||||||||||
| CFO & Treasurer | 162229 | 0 | 0 | 0 | 0 | 0 | 17359 | 0 | 15933 | 0 | 195521 | 0 | 0 | 0 |
| Cindy Bartz | ||||||||||||||
| CIO & VP of Project Management | 156959 | 0 | 0 | 0 | 0 | 0 | 17730 | 0 | 17471 | 0 | 192160 | 0 | 0 | 0 |
| Marc Hendel | ||||||||||||||
| Senior Research Analyst | 188495 | 0 | 0 | 0 | 0 | 0 | 20500 | 0 | 16043 | 0 | 225038 | 0 | 0 | 0 |
| Chi-Ming J Lin | ||||||||||||||
| Chief Technical Architect | 168172 | 0 | 0 | 0 | 0 | 0 | 18802 | 0 | 11721 | 0 | 198695 | 0 | 0 | 0 |
Schedule K IRS990ScheduleK
Form990 Schedule K Part I Form990ScheduleKPartI (2 entries)
| Bond ReferenceBondReferenceCd | Issuer EINIssuerEIN | CUSIP NumberCUSIPNumber | Date IssuedDateIssued | Issue PriceIssuePrice | Description Of PurposeDescriptionOfPurpose | DefeasedDefeased | On Behalf Of IssuerOnBehalfOfIssuer | Pool FinancingPoolFinancing |
|---|---|---|---|---|---|---|---|---|
| Iowa Student Loan Liquidity Corporation | ||||||||
| A | 421137531 | 462590HV5 | 2009-11-24 | 231848004 | Provide funds for the acqusition o | false | false | false |
| Iowa Student Loan Liquidity Corporation | ||||||||
| B | 421137531 | 462590JQ4 | 2011-11-10 | 419500000 | Provide funds for the acqusition o | false | false | false |
Form990 Schedule K Part II Form990ScheduleKPartII (2 entries)
| Bond ReferenceBondReferenceCd | Amount RetiredAmountRetired | Amount Bond DefeasedAmountBondDefeased | Total ProceedsTotalProceeds | Amount In Reserve FundAmountInReserveFund | Capitalized InterestCapitalizedInterest | Refunding EscrowRefundingEscrow | Issuance Costs From ProceedsIssuanceCostsFromProceeds | Credit EnhancementCreditEnhancement | Working Capital ExpendituresWorkingCapitalExpenditures | Capital ExpendituresCapitalExpenditures | Other Spent ProceedsOtherSpentProceeds | Amount UnspentAmountUnspent | Year Of Subst CompletionYearOfSubstCompletion | Current RefundingCurrentRefunding | Advance RefundingAdvanceRefunding | Final Allocation MadeFinalAllocationMade | Adequate Books And Recds MaintaindAdequateBooksAndRecdsMaintaind |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| A | 74650000 | 0 | 231848004 | 3110400 | 0 | 0 | 2452123 | 0 | 0 | 0 | 0 | 0 | 2010 | true | false | true | true |
| B | 39925000 | 0 | 419500000 | 7591500 | 0 | 0 | 2418906 | 0 | 0 | 0 | 0 | 0 | 2012 | true | false | true | true |
Form990 Schedule K Part III Form990ScheduleKPartIII (2 entries)
| Bond ReferenceBondReferenceCd | Owning Bond Financed PropertyOwningBondFinancedProperty | Any Lease ArrangementsAnyLeaseArrangements | Mngment Cntrct Bond Financd PrprtyMngmentCntrctBondFinancdPrprty | Any Research AgreementsAnyResearchAgreements | Prcntge Prvt Business Use By OthersPrcntgePrvtBusinessUseByOthers | Percentage Of Prvt Business Re UBIPercentageOfPrvtBusinessReUBI | Total Private Business UseTotalPrivateBusinessUse | Bond Iss Meet Prvt Security Pay TestBondIssMeetPrvtSecurityPayTest | Change In Use Bond Financed PropChangeInUseBondFinancedProp | Remedial Action TakenRemedialActionTaken | Non Qualified Bond Remed ProcdrsNonQualifiedBondRemedProcdrs |
|---|---|---|---|---|---|---|---|---|---|---|---|
| A | false | false | false | false | 0.00000 | 0.00000 | 0.00000 | false | false | false | true |
| B | false | false | false | false | 0.00000 | 0.00000 | 0.00000 | false | false | false | true |
Form990 Schedule K Part IV Form990ScheduleKPartIV (2 entries)
| Bond ReferenceBondReferenceCd | Form8038 T FiledForm8038TFiled | Rebate Not Due YetRebateNotDueYet | Variable Rate IssueVariableRateIssue | Hedge Identified In Books And RecdsHedgeIdentifiedInBooksAndRecds | Gross Proceeds Invested In GICGrossProceedsInvestedInGIC | Business Name Line1NameOfGICProvider/BusinessNameLine1 | Gross Proceeds InvestedGrossProceedsInvested | Written Proc To Monitor ReqsWrittenProcToMonitorReqs | Term Of HedgeTermOfHedge | Superintegrated HedgeSuperintegratedHedge | Hedge TerminatedHedgeTerminated |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 0 | |||||||||||
| A | false | true | false | false | false | 0 | false | true | |||
| Morgan Stnaley | |||||||||||
| B | false | true | false | true | false | 0 | false | true | 19. | false | false |
Form990 Schedule K Part V Form990ScheduleKPartV (2 entries)
| Bond ReferenceBondReferenceCd | Proc To Undertk Corrective ActionProcToUndertkCorrectiveAction |
|---|---|
| A | true |
| B | true |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (5 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| Conflict Policy | Form 990, Part VI, Section B, Line 12B & 12C | Directors may have interests that at times conflict with those of the Corporation. The duty of loyalty requires that a director be conscious of the potential of such conflict and act with candor and care in dealing with such situations. Conflicts of interest involving a director are not inherently illegal, nor are they to be regarded as a reflection on the integrity of the Board or the director. It is the manner in which the director and the Board deal with the conflict that determines the propriety of the transaction. A director should be sensitive to any interest and potential conflict he or she may have in a decision to be made by the Board of Directors and, as far as possible, recognize such interest and potential conflict prior to the discussion or presentation of such a matter before the Board. When a director has an interest in a transaction being considered by the Board of Directors, the director should disclose the conflict before the Board takes action on the matter. Upon disclosure by the director, the Board should take appropriate protective steps. On an annual basis, all directors are asked to disclose any conflicts of interest in conjunction with the annual audit of the Corporation's financial statements by the Corporation's outside auditing firm. If it becomes apparent that a director's conflicts preclude him or her from a significant portion of the Board's activities so as to impair the ability to function as a director, the Board may ask such director to resign. |
| Review Process | Form 990, Part VI, Question 11A | All completed forms to be filed are presented to and reviewed with the Board of Directors. |
| Compensation Review | FORM 990, PART VI, SECTION B, LINE 15 | The ISL Board of Directors conducts a performance review of the CEO annually. The salary range for the CEO is established with the help of an outside independent compensation expert. Several salary surveys are conducted to make sure we are compensating the CEO at a competitive yet reasonable rate. |
| Making Documents Public | FORM 990, PART VI, Section C, LINE 19 | THE ORGANIZATION MAKES ITS DOCUMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. |
| Other changes in net assets or fund balances | FORM 990, PART XI, LINE 9 | AMORTIZATION OF BOND EXTINGUISHMENT GAIN 38,125,514 REVENUE OF TAXABLE SUBSIDIARY 17,064,859 GAAP VALUATION LOSS RECOVERY 7,262,698 GAIN ON EXTINGUISHMENT OF BONDS 2,428,885 EXPENSES OF TAXABLE SUBSIDIARY -20,860,250 Financial Statement Items Prior Year Reconciling Item -2,287,224 |
Schedule R IRS990ScheduleR
Form990 Schedule R Part IV Form990ScheduleRPartIV
Name Of Related Org NameOfRelatedOrg
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Aspire Resources Inc | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 6805 Vista Drive | AddressLine1 |
| City | West Des Moines | City |
| State | IA | State |
| ZIP Code | 50266 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 421520183 | EIN |
| Primary Activity | Loan Servicing | PrimaryActivity |
| Legal Domicile State | IA | LegalDomicileState |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ISLLC | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Type Of Entity | C Corporation | TypeOfEntity |
| Share Of Total Income | -3795391 | ShareOfTotalIncome |
| Share Of EOY Assets | 3044444 | ShareOfEOYAssets |
| Percentage Ownership | 1.00000 | PercentageOwnership |
| Controlled Org | false | ControlledOrg |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | false | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | false | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | false | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | false | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | false | LoansOrGuaranteesFromOtherOrg |
| Dividends Related Organization | false | DividendsRelatedOrganization |
| Sale Of Assets To Other Org | false | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | false | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | false | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | false | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | false | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | false | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | false | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | true | SharingOfFacilities |
| Sharing Of Paid Employees | true | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | true | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | true | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | false | OtherTransferToOtherOrg |
| Other Transfer From Other Org | false | OtherTransferFromOtherOrg |
Transactions Related Orgs Table TransactionsRelatedOrgsTable (4 entries)
| Transaction TypeTransactionType | Amount InvolvedAmountInvolved | Method Of Amt DeterminationMethodOfAmtDetermination |
|---|---|---|
| Aspire Resources Inc | ||
| P | 2638868 | GAAP |
| Aspire Resources Inc | ||
| Q | 5470320 | GAAP |
| Aspire Resources Inc | ||
| N | ||
| Aspire Resources Inc | ||
| O | ||