ASCENDIUM EDUCATION SOLUTIONS INC: Form 990, tax year 2013
View the entire original 990 at ProPublica ↗
- Organization
- ASCENDIUM EDUCATION SOLUTIONS INC (EIN 39-1853833)
- Tax period
- 2013-01-01 to 2013-12-31
- Filed
- 2014-08-26
- IRS object ID
- 201432389349300718
- Schema version
- 2013v3.1
- 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 B
- Schedule D
- Schedule I
- Schedule J
- Schedule L
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2014-08-26T13:50:37-05:00 | ReturnTs |
| Tax Period End | 2013-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ERNST & YOUNG US LLP | BusinessNameLine1 |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 111 MONUMENT CIRCLE SUITE 4000 | AddressLine1 |
| City | INDIANAPOLIS | City |
| State | IN | State |
| ZIP Code | 46204 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2013-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 391853833 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Great Lakes Higher Education Guaranty Corp | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of | % NANCY SEIFERT | InCareOfNm |
| Business Name Control | GREA | BusinessNameControlTxt |
| Phone | 6082461410 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2401 International Lane | AddressLine1 |
| Address Line2 | Suite | AddressLine2 |
| City | Madison | City |
| State | WI | State |
| ZIP Code | 53704 | ZIPCode |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | RICHARD D GEORGE | PersonNm |
| Person Title | President & CEO | PersonTitleTxt |
| Signature | 2014-08-26 | SignatureDt |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Jennifer L Lynch | PreparerPersonNm |
| Phone | 3176817000 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2013 | TaxYr |
| Build TS | 2015-11-30 17:44:51Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | Richard D George | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2401 International Lane | AddressLine1 |
| City | Madison | City |
| State | WI | State |
| ZIP Code | 53704 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $265,232,404 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | www.mygreatlakes.org | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1996 | FormationYr |
| Legal Domicile State | WI | LegalDomicileStateCd |
| Activity Or Mission | OPERATES TO PROVIDE COST EFFECTIVE ACCESS TO POST-SECONDARY EDUCATION BY PROVIDING GUARANTY SERVICES TO BROADEN FEDERALLY GUARANTEED LOAN AVAILABILITY. | ActivityOrMissionDesc |
| Voting Members Governing Body | 7 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 6 | VotingMembersIndependentCnt |
| Total Employee | 226 | TotalEmployeeCnt |
| Total Volunteers | 0 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $2,125,064 | PYContributionsGrantsAmt |
| CY Contributions Grants | $38,389,965 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $167,860,113 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $223,964,710 | CYProgramServiceRevenueAmt |
| PY Investment Income | $530,022 | PYInvestmentIncomeAmt |
| CY Investment Income | $738,961 | CYInvestmentIncomeAmt |
| PY Other Revenue | $127,612 | PYOtherRevenueAmt |
| CY Other Revenue | $192,278 | CYOtherRevenueAmt |
| PY Total Revenue | $170,642,811 | PYTotalRevenueAmt |
| CY Total Revenue | $263,285,914 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $6,648,560 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $14,226,840 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $11,976,368 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $12,391,404 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $65,157,348 | PYOtherExpensesAmt |
| CY Other Expenses | $63,455,279 | CYOtherExpensesAmt |
| PY Total Expenses | $83,782,276 | PYTotalExpensesAmt |
| CY Total Expenses | $90,073,523 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $86,860,535 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $173,212,391 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $308,567,435 | TotalAssetsBOYAmt |
| Total Assets EOY | $476,849,055 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $38,416,290 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $33,631,206 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $270,151,145 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $443,217,849 | NetAssetsOrFundBalancesEOYAmt |
| Mission | GREAT LAKES HIGHER EDUCATION CORPORATION OPERATES TO PROVIDE FOR PHILANTHROPIC SUPPORT AND COST EFFECTIVE ENABLEMENT OF ACCESS TO AND PERSISTENCE IN POST-SECONDARY EDUCATION BY PROVIDING FULL-RANGE GUARANTY AGENCY SERVICES AND GRANT SUPPORT TO FUNDING SOURCES, EDUCATIONAL INSTITUTIONS, CHARITABLE ORGANIZATIONS, AND OTHERS TO BROADEN FEDERALLY GUARANTEED LOAN AVAILABILITY AND PURSUIT OF AND PARTICIPATION IN POST-SECONDARY EDUCATION IN ACCORDANCE WITH THE FEDERAL HIGHER EDUCATION ACT OF 1965, AS AMENDED. THIS MISSION STATEMENT HAS BEEN REVIEWED, ACKNOWLEDGED AND INFORMALLY APPROVED BY THE BOARD. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Expense | $86,652,463 | ExpenseAmt |
| Grant | $14,226,840 | GrantAmt |
| Revenue | $223,964,710 | RevenueAmt |
| Desc | Great Lakes Higher Education Guaranty Corporation operates to provide for philanthropic support and cost effective enablement of access to and persistence in post-secondary education by providing full-range guaranty agency services and grant support to funding sources, educational institutions, charitable organizations, and others to broaden federally guaranteed loan availability and pursuit of and participation in post-secondary education in accordance with the Federal Higher Education Act of 1965, as amended. | Desc |
| Total Program Service Expenses | $86,652,463 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (true) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (true) | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Lobbying Activities | false | LobbyingActivitiesInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | false | CollectionsOfArtInd |
| Credit Counseling | Yes (true) | CreditCounselingInd |
| Temp Or Permanent Endowments | false | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (true) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | false | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | false | ReportProgramRelatedInvstInd |
| Report Other Assets | false | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (true) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | false | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | false | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (true) | ConsolidatedAuditFinclStmtInd |
| School Operating | false | SchoolOperatingInd |
| Foreign Office | false | ForeignOfficeInd |
| Foreign Activities | false | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | false | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | Yes (true) | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (true) | GrantsToIndividualsInd |
| Schedule J Required | Yes (true) | ScheduleJRequiredInd |
| Tax Exempt Bonds | false | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | false | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | false | PYExcessBenefitTransInd |
| Loan Outstanding | false | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | false | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | Yes (true) | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | false | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | false | DisregardedEntityInd |
| Related Entity | Yes (true) | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (true) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | Yes (true) | TransactionWithControlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | false | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 113307 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (true) | BackupWthldComplianceInd |
| Employee | 226 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (true) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | false | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 7 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 6 | IndependentVotingMemberCnt |
| Family Or Business Rln | false | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | false | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (true) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (true) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | Yes (true) | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | false | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (true) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (true) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (true) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (true) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (true) | DocumentRetentionPolicyInd |
| Compensation Process CEO | false | CompensationProcessCEOInd |
| Compensation Process Other | Yes (true) | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | NANCY SEIFERT | PersonNm |
| Phone | 6082461410 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2401 INTERNATIONAL LANE | AddressLine1 |
| City | Madison | City |
| State | WI | State |
| ZIP Code | 53704 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part VII | Yes (X) | InfoInScheduleOPartVIIInd |
Form990 Part VII Section A Form990PartVIISectionAGrp (14 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | OfficerOfficerInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|
| Emerson L Brumback 1 | ||||||||
| Director/Committee Chairman | 1.0 | 2.0 | Yes (X) | $7,450 | $7,450 | $0 | ||
| David J Hanson 14 | ||||||||
| Director/Secretary | 1.0 | 2.0 | Yes (X) | $0 | $0 | $0 | ||
| Janice Hesalroad 1 | ||||||||
| Director | 1.0 | 2.0 | Yes (X) | $6,067 | $12,133 | $0 | ||
| Thomas A Scarlett 1 | ||||||||
| Director | 3.0 | 0.0 | Yes (X) | $14,900 | $0 | $0 | ||
| Cynthia Walsh 1 | ||||||||
| Director | 3.0 | 0.0 | Yes (X) | $16,550 | $0 | $0 | ||
| Richard A Weiss 1 | ||||||||
| Director | 1.0 | 2.0 | Yes (X) | $6,066 | $12,134 | $0 | ||
| Richard D George 23 | ||||||||
| Chairman/Pres/Ceo/Treasurer | 1.0 | 59.0 | Yes (X) | $0 | $598,832 | $97,393 | Yes (X) | |
| Nancy Seifert 3 | ||||||||
| CFO/Asst Secretary | 1.0 | 54.0 | $0 | $347,147 | $56,639 | Yes (X) | ||
| Amy Kobishop | ||||||||
| Chief Educational Officer | 50.0 | 0.0 | $250,937 | $0 | $33,061 | Yes (X) | ||
| Beth Erickson | ||||||||
| VP - Repayment Solutions | 50.0 | 0.0 | $238,002 | $0 | $45,994 | Yes (X) | ||
| Jacqueline Fairbairn | ||||||||
| VP - Policy/Regul Compliance | 50.0 | 0.0 | $229,031 | $0 | $54,956 | Yes (X) | ||
| Clark J Wold | ||||||||
| VP & Chief Operating Officer | 25.0 | 0.0 | $55,320 | $0 | $1,765 | Yes (X) | ||
| Ellen Welke | ||||||||
| Director - Default Collections | 45.0 | 0.0 | $122,426 | $0 | $33,498 | Yes (X) | ||
| Steven A Schmidt | ||||||||
| Communication Team Lead | 45.0 | 0.0 | $121,148 | $0 | $33,977 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $1,067,897 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $977,696 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $357,283 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 5 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | false | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (true) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
| Cntrct Rcvd Greater Than100 K | 0 | CntrctRcvdGreaterThan100KCnt |
| Government Grants | $1,660,230 | GovernmentGrantsAmt |
| All Other Contributions | $36,729,735 | AllOtherContributionsAmt |
| Total Contributions | $38,389,965 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (4 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| COLLECTIONS & REHABILITATIONS | 900099 | $192,550,479 | $192,550,479 |
| ACCOUNT MAINTENANCE FEES | 900099 | $21,836,192 | $21,836,192 |
| DEFAULT AVERSION FEES | 900099 | $9,476,839 | $9,476,839 |
| RENTAL INCOME OR (LOSS) | 532000 | $101,200 | $101,200 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $223,964,710 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $739,774 | TotalRevenueColumnAmt |
| Exclusion | $739,774 | ExclusionAmt |
Incm From Invest Bond Proceeds IncmFromInvestBondProceedsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Royalties Revenue RoyaltiesRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $2,137,300 | RealAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $1,945,677 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $191,623 | RealAmt |
| Personal | $0 | PersonalAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $191,623 | TotalRevenueColumnAmt |
| Exclusion | $191,623 | ExclusionAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $813 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | -$813 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$813 | TotalRevenueColumnAmt |
| Exclusion | -$813 | ExclusionAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Net Income From Gaming NetIncomeFromGamingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Net Income Or Loss NetIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | ALL OTHER REVENUE | Desc |
| Business | 900099 | BusinessCd |
| Total Revenue Column | $655 | TotalRevenueColumnAmt |
| Exclusion | $655 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $655 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $263,285,914 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $223,964,710 | RelatedOrExemptFuncIncomeAmt |
| Exclusion | $931,239 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $12,371,203 | TotalAmt |
| Program Services | $12,371,203 | ProgramServicesAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,855,637 | TotalAmt |
| Program Services | $1,855,637 | ProgramServicesAmt |
Foreign Grants ForeignGrantsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Benefits To Members BenefitsToMembersGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,120,984 | TotalAmt |
| Program Services | $921,363 | ProgramServicesAmt |
| Management And General | $199,621 | ManagementAndGeneralAmt |
Comp Disqual Persons CompDisqualPersonsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $8,774,090 | TotalAmt |
| Program Services | $8,591,624 | ProgramServicesAmt |
| Management And General | $182,466 | ManagementAndGeneralAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $765,184 | TotalAmt |
| Program Services | $740,869 | ProgramServicesAmt |
| Management And General | $24,315 | ManagementAndGeneralAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,172,696 | TotalAmt |
| Program Services | $1,140,250 | ProgramServicesAmt |
| Management And General | $32,446 | ManagementAndGeneralAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $558,450 | TotalAmt |
| Program Services | $543,210 | ProgramServicesAmt |
| Management And General | $15,240 | ManagementAndGeneralAmt |
Fees For Services Management FeesForServicesManagementGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $12,919 | TotalAmt |
| Management And General | $12,919 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $8,700 | TotalAmt |
| Management And General | $8,700 | ManagementAndGeneralAmt |
Fees For Services Lobbying FeesForServicesLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $202,804 | TotalAmt |
| Program Services | $202,804 | ProgramServicesAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $293,598 | TotalAmt |
| Program Services | $293,598 | ProgramServicesAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,416,831 | TotalAmt |
| Program Services | $1,416,831 | ProgramServicesAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Royalties RoyaltiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $393,178 | TotalAmt |
| Program Services | $393,178 | ProgramServicesAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $204,502 | TotalAmt |
| Program Services | $196,229 | ProgramServicesAmt |
| Management And General | $8,273 | ManagementAndGeneralAmt |
Pymt Travel Entrtnmnt Pub Ofcl PymtTravelEntrtnmntPubOfclGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $33,129 | TotalAmt |
| Program Services | $33,129 | ProgramServicesAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Payments To Affiliates PaymentsToAffiliatesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $95,988 | TotalAmt |
| Program Services | $95,988 | ProgramServicesAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt |
|---|---|---|---|
| BORROWER SKIP TRACING | $126,255 | $126,255 | |
| COLLECTION FEES | $37,446,996 | $37,446,996 | |
| CORP SUPPORT FUNC ALLOCATION | $15,415,643 | $12,478,563 | $2,937,080 |
| DISCOUNT-REHAB LOANS | $1,774,094 | $1,774,094 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,030,642 | TotalAmt |
| Program Services | $6,030,642 | ProgramServicesAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $90,073,523 | TotalAmt |
| Program Services | $86,652,463 | ProgramServicesAmt |
| Management And General | $3,421,060 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,511,535 | BOYAmt |
| EOY | $7,116,831 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $177,187,040 | BOYAmt |
| EOY | $222,605,807 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,904,787 | BOYAmt |
| EOY | $5,363,221 | EOYAmt |
Receivables From Officers Etc ReceivablesFromOfficersEtcGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $45,460 | BOYAmt |
| EOY | $2,184,643 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $17,534,306 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $3,424,035 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $14,461,489 | BOYAmt |
| EOY | $14,110,271 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $90,487,733 | BOYAmt |
| EOY | $208,870,960 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Intangible Assets IntangibleAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $12,969,391 | BOYAmt |
| EOY | $16,597,322 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $308,567,435 | BOYAmt |
| EOY | $476,849,055 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,910,402 | BOYAmt |
| EOY | $6,270,119 | EOYAmt |
Grants Payable GrantsPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,744,327 | BOYAmt |
| EOY | $5,863,910 | EOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Escrow Account Liability EscrowAccountLiabilityGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Loans From Officers Directors LoansFromOfficersDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $23,761,561 | BOYAmt |
| EOY | $21,497,177 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $38,416,290 | BOYAmt |
| EOY | $33,631,206 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $270,151,145 | BOYAmt |
| EOY | $443,217,849 | EOYAmt |
Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $270,151,145 | BOYAmt |
| EOY | $443,217,849 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $308,567,435 | BOYAmt |
| EOY | $476,849,055 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $173,212,391 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | -$145,687 | NetUnrlzdGainsLossesInvstAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | Yes (true) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (true) | AuditCommitteeInd |
| Federal Grant Audit Required | Yes (true) | FederalGrantAuditRequiredInd |
| Federal Grant Audit Performed | Yes (true) | FederalGrantAuditPerformedInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org509a2 | Yes (X) | PubliclySupportedOrg509a2Ind |
Gifts Grants Contris Rcvd509 GiftsGrantsContrisRcvd509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $913,068 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $1,317,329 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $1,700,576 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $2,125,064 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $38,389,965 | CurrentTaxYearAmt |
| Total | $44,446,002 | TotalAmt |
Gross Receipts Admissions GrossReceiptsAdmissionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $117,872,136 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $115,613,140 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $149,383,595 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $167,860,113 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $223,964,710 | CurrentTaxYearAmt |
| Total | $774,693,694 | TotalAmt |
Gross Receipts Non Unrlt Bus GrossReceiptsNonUnrltBusGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Tax Rev Levied Orgnztnl Bnft509 TaxRevLeviedOrgnztnlBnft509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Govt Furn Srvc Fclts Vl509 GovtFurnSrvcFcltsVl509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Total509 Total509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $118,785,204 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $116,930,469 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $151,084,171 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $169,985,177 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $262,354,675 | CurrentTaxYearAmt |
| Total | $819,139,696 | TotalAmt |
Amounts Rcvd Dsqlfy Person AmountsRcvdDsqlfyPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $0 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $0 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $0 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $0 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $0 | CurrentTaxYearAmt |
| 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) |
|---|---|---|
| Current Tax Year Minus4 Years | $0 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $0 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $0 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $0 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $0 | CurrentTaxYearAmt |
| Total | $0 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total509 | $819,139,696 | PublicSupportTotal509Amt |
Gross Investment Income509 GrossInvestmentIncome509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $2,199,624 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $2,158,910 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $2,391,989 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $2,583,544 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $2,877,074 | CurrentTaxYearAmt |
| Total | $12,211,141 | TotalAmt |
Post1975 UBTI Post1975UBTIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Investment Income And UBTI InvestmentIncomeAndUBTIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $2,199,624 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $2,158,910 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $2,391,989 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $2,583,544 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $2,877,074 | CurrentTaxYearAmt |
| Total | $12,211,141 | TotalAmt |
Net Income From Other UBI NetIncomeFromOtherUBIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Other Income509 OtherIncome509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $325,404 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $146,192 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $67,605 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $7,689 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $655 | CurrentTaxYearAmt |
| Total | $547,545 | TotalAmt |
Total Support Calendar Year TotalSupportCalendarYearGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $121,310,232 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $119,235,571 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $153,543,765 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $172,576,410 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $265,232,404 | CurrentTaxYearAmt |
| Total | $831,898,382 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support CY509 | 0.98466 | PublicSupportCY509Pct |
| Public Support PY509 | 0.98156 | PublicSupportPY509Pct |
| Investment Income CY | 0.01468 | InvestmentIncomeCYPct |
| Investment Income PY | 0.01765 | InvestmentIncomePYPct |
| Thirty Thr Pct Suprt Tests CY509 | Yes (X) | ThirtyThrPctSuprtTestsCY509Ind |
Form990 Schedule A Part IV Form990ScheduleAPartIVGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Part III, Line 12 | FormAndLineReferenceDesc |
| Explanation | *2009 - $324,041 - Affiliation earnings adjustment *2010 - $100,000 - EAC ELM Redemption *2010 - $38,000 - Dakota Corp Administrative Services Fee *2011 - $47,500 - EAC ELM Redemption *2011 - $12,000 - Dakota Corp Administrative Services Fee | ExplanationTxt |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Art Public Exhibition Amounts | ArtPublicExhibitionAmountsGrp | |
| Held Works Art | HeldWorksArtGrp | |
| Agent Trustee Etc | Yes (true) | AgentTrusteeEtcInd |
| Beginning Balance | $187,403,988 | BeginningBalanceAmt |
| Additions During Year | $20,135,615 | AdditionsDuringYearAmt |
| Distributions During Year | $59,417,521 | DistributionsDuringYearAmt |
| Ending Balance | $148,122,082 | EndingBalanceAmt |
| Incl Escrow Custodial Acct Liab | false | InclEscrowCustodialAcctLiabInd |
| CY Minus3 Yr Endwmt Fund | CYMinus3YrEndwmtFundGrp | |
| CY Minus4 Yr Endwmt Fund | CYMinus4YrEndwmtFundGrp |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $542,660 | OtherCostOrOtherBasisAmt |
| Book Value | $542,660 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $15,341,265 | OtherCostOrOtherBasisAmt |
| Depreciation | $2,524,227 | DepreciationAmt |
| Book Value | $12,817,038 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Leasehold Improvements | LeaseholdImprovementsGrp |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $935,555 | OtherCostOrOtherBasisAmt |
| Depreciation | $713,083 | DepreciationAmt |
| Book Value | $222,472 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $714,826 | OtherCostOrOtherBasisAmt |
| Depreciation | $186,725 | DepreciationAmt |
| Book Value | $528,101 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $14,110,271 | TotalBookValueLandBuildingsAmt |
| Federal Income Tax Liability | $0 | FederalIncomeTaxLiabilityAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (3 entries)
| DescDesc | AmtAmt |
|---|---|
| RESERVE-DEFAULT AVERSION FEES | $15,129,613 |
| INTERCOMPANY & MISC. PAYABLES | $4,628,243 |
| COMPENSATION PLAN PAYABLE | $1,739,321 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $21,497,177 | TotalLiabilityAmt |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Form 990 Part IV, Line 9 and Schedule D, Part IV | One aspect of the full-range guaranty services is to provide collection assistance to lenders for delinquent loans. This includes contacting the borrower to attempt to restore the loan to a current status through various options. This contact also involves educating and/or counseling borrowers. In addition, GLHEGC provides direct support of personal financial management education, financial aid awareness and college access initiatives, and guidance and counsel on consolidation loans and loan rehabilitation under the Federal Higher Education Act of 1965, as amended. |
| Schedule D, Part IV, Line 1B | CUSTODIAL ACCOUNT: GREAT LAKES HIGHER EDUCATION GUARANTY CORPORATION (GLHEGC) CONDUCTS ACTIVITY RELATED TO THE GUARANTEE OF STUDENT LOANS MADE TO POST-SECONDARY EDUCATION STUDENTS AND TO THEIR PARENTS IN ACCORDANCE WITH THE FEDERAL FAMILY EDUCATION LOAN PROGRAM (PROGRAM) ESTABLISHED BY TITLE IV, PART B OF THE FEDERAL HIGHER EDUCATION ACT OF 1965, AS AMENDED, AND THE ADMINISTRATION OF CERTAIN NET ASSETS OF THE PROGRAM. THE HIGHER EDUCATION AMENDMENTS OF 1998 (1998 AMENDMENTS) WERE ENACTED ON OCTOBER 7, 1998, WITH AN EFFECTIVE DATE OF OCTOBER 1, 1998. PURSUANT TO THE 1998 AMENDMENTS, GLHEGC ESTABLISHED A FEDERAL STUDENT LOAN RESERVE FUND (FSLRF) TO ACCOUNT FOR PROGRAM ACTIVITIES. THE FSLRF ASSETS AND EARNINGS ON THOSE ASSETS ARE THE PROPERTY OF THE FEDERAL GOVERNMENT. SINCE THE FSLRF ASSETS ARE THE PROPERTY OF THE UNITED STATES GOVERNMENT, THE ACCOUNTS AND ACTIVITIES OF THE FSLRF ARE NOT INCLUDED IN THE GLHEGC FORM 990, PART X. GLHEGC EXERCISES THE LEVEL OF CARE REQUIRED OF A FIDUCIARY CHARGED WITH THE DUTY OF PROTECTING, INVESTING AND ADMINISTERING THESE ASSETS. |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (true) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable (75 entries)
| Address Line1USAddress/AddressLine1 | CityUSAddress/City | StateUSAddress/State | ZIP CodeUSAddress/ZIPCode | Recipient EINRecipientEIN | IRC SectionIRCSectionDesc | Cash GrantCashGrantAmt | Purpose Of GrantPurposeOfGrantTxt | Address Line2USAddress/AddressLine2 |
|---|---|---|---|---|---|---|---|---|
| Edgewood College | ||||||||
| 1000 Edgewood College Dr Madison W | Madison | WI | 53711 | 390806202 | 501(c)(3) | $27,100 | Committed to College Program | |
| OASFAA | ||||||||
| Ohio Northwestern University | Ada | OH | 45810 | 310883788 | 501(c)(3) | $15,000 | College Goal Sunday | 525 South Main Street |
| UW-Eau Claire | ||||||||
| 105 Garfield Avenue | Eau Claire | WI | 54702 | 396006492 | 501(c)(3) | $381,920 | Commanding English Grant Blugold Beginnings Grant | |
| Wisconsin Covenant Foundation Inc | ||||||||
| 2401 International Lane | Madison | WI | 53704 | 261550326 | 501(c)(3) | $69,787 | Contributed Organizations Costs | |
| UW-Green Bay | ||||||||
| 2420 Nicolet Drive | Green Bay | WI | 54311 | 391805963 | Govt | $167,429 | Phuture Phoenix Program | |
| UW-Parkside | ||||||||
| 900 Wood Road | Kenosha | WI | 53141 | 391805963 | Govt | $46,778 | Stepping Stones|PreCollege Program & Project Success | |
| UW-Whitewater | ||||||||
| 800 West Main Street | Whitewater | WI | 53190 | 391805963 | Govt | $129,388 | Academic Excellence Program | |
| Alverno College | ||||||||
| 3400 South 43rd Street | Milwaukee | WI | 53234 | 390806263 | 501(c)(3) | $266,584 | Promise Scholars Program | |
| Boys and Girls Club of Dane County | ||||||||
| 2001 Taft Street | Madison | WI | 53713 | 391925617 | 501(c)(3) | $470,800 | AVID/TOPS Program | |
| Carroll University | ||||||||
| 100 N East Avenue | Waukesha | WI | 531863103 | 390806325 | 501(c)(3) | $36,424 | Success Project Grant | |
| Council for Opportunity in Education | ||||||||
| 1025 Vermont Avenue | WASHINGTON | DC | 20005 | 521221301 | 501(c)(3) | $15,000 | Opportunity in Education | NW Suite 900 |
| Chippewa Valley Technical College | ||||||||
| 620 W Clairemont Ave | Eau Claire | WI | 54701 | 391233557 | 501(C)(3) | $23,778 | CAPS Program Grant | |
| Forward Service Corporation | ||||||||
| 1402 Pankratz Street | Madison | WI | 53704 | 391342890 | 501(c)(3) | $82,654 | Upward Bound Summer Residential Program | Suite 101 |
| Marquette University | ||||||||
| 1324 W Wisconsin Ave | Milwaukee | WI | 53233 | 390806251 | 501(c)(3) | $64,164 | Urban Scholars Program | Suite 341 |
| Madison Area Technical College | ||||||||
| 3550 Anderson Street | Madison | WI | 53704 | 391086718 | Govt | $51,711 | Grant for Mentoring Minority male Scholars Program (3MSP) | |
| Mid-State Technical College | ||||||||
| 500 32nd St N | Wisconsin Rapids | WI | 54494 | 391333783 | 501(c)(3) | $55,846 | Pre-Program Preparation Project Grant | |
| Mount Mary College | ||||||||
| 2900 N Menomonee River | Milwaukee | WI | 53222 | 380806154 | 501(c)(3) | $260,842 | Promise Plus Project Grant | |
| Pathways to College Inc | ||||||||
| 8800 West Bluemound Rd | Milwaukee | WI | 53226 | 451539053 | 501(c)(3) | $103,080 | Pathways PreCollege Grant | |
| Scholarship America | ||||||||
| One Scholarship Way | St Peter | MN | 56082 | 042296967 | 501(c)(3) | $508,834 | Dreamkeepers Program Grant | |
| St Norbert College | ||||||||
| 100 Grant Street | De Pere | WI | 54115 | 391399196 | 501(c)(3) | $185,625 | STAR Program Grant | |
| United Community Center | ||||||||
| 1028 South 9th Street | Milwaukee | WI | 53204 | 391146191 | 501(c)(3) | $179,229 | Abriendo Puertas Program Grant | |
| Urban League of Greater Madison | ||||||||
| 2222 S Park St No 200 | Madison | WI | 53713 | 391098146 | 501(c)(3) | $107,580 | Scholars Academy Grant | |
| UW Foundation | ||||||||
| 1848 University Avenue | Madison | WI | 53726 | 390743975 | 501(c)(3) | $2,500,000 | Harvesting Opportunities for Postsecondary Education (HOPE) | |
| UW-Marathon County | ||||||||
| 518 South 7th Avenue | Wausau | WI | 54401 | 391805963 | Govt | $113,032 | Student Support Services Grant | |
| UW-Milwaukee Foundation Inc | ||||||||
| 1440 E North Ave | Milwaukee | WI | 53202 | 237337744 | 501(c)(3) | $261,310 | Life Impact Program & Gear Up Focus Summer Academy | |
| UW-Oshkosh | ||||||||
| 800 Algoma Blvd | Oshkosh | WI | 54901 | 391805963 | Govt | $236,641 | Student Support Services Program | |
| UW-Superior | ||||||||
| 780 Regent St | Madison | WI | 53715 | 391805963 | Govt | $113,451 | GEARS and College Ready Initiative | Suite 255 |
| Wisconsin Indianhead Technical College | ||||||||
| 505 Pine Ridge Drive | Shell Lake | WI | 54871 | 391176625 | 501(c)(3) | $336,933 | Wisconsin Workforce Partnership Grant | |
| Milwaukee Public Schools | ||||||||
| 5225 W Vliet Street | Milwaukee | WI | 53201 | 396003457 | Govt | $99,071 | The Degree Project | PO Box 2181 |
| Wisconsin Department of Administration | ||||||||
| PO Box 7932 | Madison | WI | 537077932 | Govt | $701,799 | College Access Challenge Grant (CACG) match funds | ||
| Milwaukee Area Technical College | ||||||||
| 700 West State Street | Milwaukee | WI | 53233 | 391341603 | 501(c)(3) | $225,952 | Grant for Student Support Retention Pathway | |
| Beloit College | ||||||||
| 700 College Street | Beloit | WI | 535115509 | 390808497 | 501(c)(3) | $27,585 | ACT Ready Program | |
| Cardinal Stritch University | ||||||||
| 6801 N Yates Road | Milwaukee | WI | 53217 | 390806196 | 501(c)(3) | $75,989 | LDRS Program/Career Ready | |
| Carthage College | ||||||||
| 2001 Alford Park Drive | Kenosha | WI | 53140 | 370661496 | 501(c)(3) | $46,225 | Career Ready Grant | |
| Central Minnesota Jobs & Training Services | ||||||||
| 406 E 7th Street | Monticello | MN | 553620720 | 411484048 | 501(c)(3) | $75,986 | Academic Improvement Grant | |
| Century College Foundation | ||||||||
| 3300 Century Ave N | White Bear | MN | 55110 | 237401534 | 501(c)(3) | $330,574 | College Success Grant | |
| College of St Benedict | ||||||||
| 37 College Ave S | St Joseph | MN | 563742001 | 410969244 | 501(c)(3) | $7,133 | Upward Bound Program | |
| College Possible | ||||||||
| 540 Fairview Ave N | St Paul | MN | 55104 | 411968798 | 501(c)(3) | $884,862 | College Possible Program | |
| Community Action Center of Northfield | ||||||||
| 1400 Division Street | Northfield | MN | 55057 | 410970984 | 501(c)(3) | $75,807 | TORCH Program Grant | |
| Donors Forum of Wisconsin | ||||||||
| 759 N Milwaukee Street | Milwaukee | WI | 53202 | 396236498 | 501(c)(3) | $10,250 | Sponsorship of statewide conference | Suite 512 |
| Fox Valley Technical College | ||||||||
| PO Box 2277 | Appleton | WI | 549122277 | 391264389 | 501(c)(3) | $66,084 | Brother to Brother Program | |
| Grantmakers for Education | ||||||||
| 720 SW Washington Street | Portland | OR | 97205 | 330919329 | 501(c)(3) | $26,110 | Conference Sponsorship | Suite 605 |
| Hibbing Community College | ||||||||
| 1515 E 25th Street | Hibbing | MN | 557463354 | 411687554 | 501(c)(3) | $30,000 | Climb Upward Bound Program | |
| Inver Hills Community College Foundation | ||||||||
| 2500 80th St E | Inver Grove Height | MN | 55076 | 411410445 | 501(c)(3) | $48,223 | Support Services Program | |
| Iowa Western Community College | ||||||||
| 2700 College Rd | Council Bluffs | IA | 51503 | 421224333 | 501(c)(3) | $128,514 | Be First Program Grant | |
| Lakeland College | ||||||||
| PO Box 359 | Sheboygan | WI | 530820359 | 390821861 | 501(c)(3) | $33,584 | Career Ready Initiative | |
| Lawrence University | ||||||||
| 115 South Drew | Appleton | WI | 54912 | 390806297 | 501(c)(3) | $15,000 | Career Ready Initiative Grant | |
| Mercy College of Health Sciences | ||||||||
| 928 6th Avenue | Des Moines | IA | 503091225 | 421511682 | 501(c)(3) | $106,798 | Steps to Success Program | |
| Milwaukee School of Engineering | ||||||||
| 1121 N Milwaukee St | Milwaukee | WI | 53202 | 390477970 | 501(c)(3) | $62,730 | Career Ready Initiative Grant | |
| Minneapolis Community and Technical College | ||||||||
| 1501 Hennepin Ave | Minneapolis | MN | 55403 | 411687554 | Govt | $69,877 | Starting Point Program Grant | |
| National College Access Network | ||||||||
| 1001 Connecticut Ave | Washington | DC | 20036 | 311793562 | 501(c)(3) | $56,256 | National Conference Sponsorship Grant | |
| Neighborhood House | ||||||||
| 179 Robie Street E | St Paul | MN | 551072360 | 410693916 | 501(c)(3) | $15,900 | Adult College Readiness Grant | |
| Normandale Community College Foundation | ||||||||
| 9700 Frances Ave S | Bloomington | MN | 55431 | 411295802 | 501(c)(3) | $13,905 | Upward Bound Program Grant | |
| Northstar Education Services LLC | ||||||||
| 2401 International Lane | Madison | WI | 53704 | 461047811 | LLC-DISREGARDED | $150,000 | GradReady Financial Grant | |
| Ohio College Access Network | ||||||||
| One W Fourth Street | Cincinnati | OH | 45202 | 311677604 | 501(c)(3) | $83,999 | Achieving Evalution Coaching/Training Grant | Suite 350 |
| Regents - University of Minnesota | ||||||||
| 56 E River Road | Minneapolis | MN | 554550364 | 416007513 | 501(c)(3) | $254,962 | College Ready Grant | |
| Ripon College | ||||||||
| 300 W Seward Street | Ripon | WI | 549711477 | 390826049 | 501(c)(3) | $73,007 | Career Ready Initiative Grant | |
| Saint Paul College | ||||||||
| 235 Marshall Avenue | Saint Paul | MN | 55102 | 411687554 | Govt | $75,000 | Below the Midpoint Grant Program | |
| Silver Lake College | ||||||||
| 2406 S Alverno Road | Manitowoc | WI | 54220 | 390980974 | 501(c)(3) | $65,613 | Career Ready Initiative Grant | |
| South Central College | ||||||||
| PO Box 1920 | North Mankato | MN | 560021920 | 411649572 | 501(c)(3) | $58,654 | Pre-College Bridge Program | |
| St Cloud State University | ||||||||
| 720 4th Avenue S | St Cloud | MN | 56301 | 411687554 | Govt | $179,999 | FREE Program Grant | |
| St Olaf College | ||||||||
| 1520 St Olaf Ave | Northfield | MN | 55057 | 410693979 | 501(c)(3) | $54,160 | Student Support Services Grant | |
| UW-Madison | ||||||||
| 432 N Murray Street | Madison | WI | 53706 | 391805963 | Govt | $39,659 | Odyssey Project Program Grant | |
| UW-Milwaukee School of Continuing Education | ||||||||
| Drawer No 491 | Milwaukee | WI | 532930491 | 391805963 | Govt | $25,000 | Career Ready Initiative Grant | |
| UW-River Falls | ||||||||
| 315 North Hall | River Falls | WI | 540225001 | 391805963 | Govt | $6,600 | Career Ready Initiative Grant | 410 S Third Street |
| UW-Stevens Point | ||||||||
| Stdt Services Ctr | Stevens Point | WI | 54481 | 391805963 | Govt | $20,000 | Career Ready Initiative Grant | |
| UW-Stout | ||||||||
| 103 Administration Bldg | Menomonie | WI | 54751 | 391805963 | Govt | $36,959 | TEACH Precollege Program Grant | |
| Vera Court Neighborood Center | ||||||||
| 614 Vera Court | Madison | WI | 537041938 | 391945609 | 501(c)(3) | $22,585 | Rise Program Grant | |
| Vermillion Community College | ||||||||
| 1900 E Camp Street | Ely | MN | 557311918 | 411351691 | 501(c)(3) | $77,209 | College Success Program Grant | |
| Viterbo University | ||||||||
| 900 Viterbo Drive | La Crosse | WI | 546018804 | 390978445 | 501(c)(3) | $26,856 | Career Ready Initiative Grant | |
| Wartburg College | ||||||||
| 10 Wartburg Blvd | Waverly | IA | 506772215 | 420680351 | 501(c)(3) | $38,235 | College Achievement Program Grant | |
| YMCA of the Greater Twin Cities | ||||||||
| 2125 E Hennepin Ave | Minneapolis | MN | 55413 | 452563299 | 501(c)(3) | $48,000 | Beacons School Success Grant | |
| Moraine Park Technical College | ||||||||
| 235 N National Ave | Fond du Lac | WI | 54935 | 391088212 | 501(c)(3) | $250,928 | Wisconsin Workforce Partnership Grant | |
| Nicolet Area Technical College | ||||||||
| 5364 College Drive | Rhinelander | WI | 54501 | 391086910 | 501(c)(3) | $179,716 | Wisconsin Workforce Parnership Grant | |
| Southwest Wisconsin Technical College | ||||||||
| 1800 Bronson Blvd | Fennimore | WI | 53809 | 391828080 | 501(c)(3) | $213,508 | Wisconsin Workforce Parnership Grant | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 74 | Total501c3OrgCnt |
| Total Other Org | 1 | TotalOtherOrgCnt |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Type | Wisconsin Covenant Scholar Program | GrantTypeTxt |
| Recipient | 3191 | RecipientCnt |
| Cash Grant | $1,855,637 | CashGrantAmt |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Description of Organization's Procedures for Monitoring the Use of Grants | In The United States: Great Lakes Higher Education Guaranty Corporation (GLHEGC) receives periodic reports from funded programs to determine whether the program is successfully meeting its goals and objectives, and whether the provided funds were appropriately expended. GLHEGC's staff conducts site visits to college access supported programs to observe the program. Where practicable, the disbursements are scheduled to coincide with program activities. |
| Explanation of Wisconsin Covenant Scholar Program | Great Lakes Higher Education Guaranty Corporation (GLHEGC) received periodic reports detailing the distribution of the Wisconsin Covenant Scholar grant funds to postsecondary schools (who disbursed the grants directly to the recipients). The recipients were determined based on criteria defined by the Program and no individual recipient receives more than $1,500 per year. |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Severance Payment | false | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | Yes (true) | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | false | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | false | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | false | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | false | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | false | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | false | AnyNonFixedPaymentsInd |
| Initial Contract Exception | false | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (7 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Richard D George 23 | ||||||||||||||
| Chairman/Pres/Ceo/Treasurer | $0 | $294,350 | $0 | $300,596 | $0 | $3,886 | $0 | $76,759 | $0 | $20,634 | $0 | $696,225 | $0 | $0 |
| Nancy Seifert 3 | ||||||||||||||
| CFO/Asst Secretary | $0 | $179,585 | $0 | $165,523 | $0 | $2,039 | $0 | $35,928 | $0 | $20,711 | $0 | $403,786 | $0 | $0 |
| Amy Kobishop | ||||||||||||||
| Chief Educational Officer | $135,000 | $0 | $115,530 | $0 | $407 | $0 | $30,101 | $0 | $2,960 | $0 | $283,998 | $0 | $0 | $0 |
| Beth Erickson | ||||||||||||||
| VP - Repayment Solutions | $132,276 | $0 | $100,529 | $0 | $5,197 | $0 | $28,737 | $0 | $17,257 | $0 | $283,996 | $0 | $0 | $0 |
| Jacqueline Fairbairn | ||||||||||||||
| VP - Policy/Regul Compliance | $128,045 | $0 | $100,570 | $0 | $416 | $0 | $29,306 | $0 | $25,650 | $0 | $283,987 | $0 | $0 | $0 |
| Ellen Welke | ||||||||||||||
| Director - Default Collections | $95,715 | $0 | $25,507 | $0 | $1,204 | $0 | $14,826 | $0 | $18,672 | $0 | $155,924 | $0 | $0 | $0 |
| Steven A Schmidt | ||||||||||||||
| Communication Team Lead | $106,321 | $0 | $14,498 | $0 | $329 | $0 | $15,163 | $0 | $18,814 | $0 | $155,125 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Schedule J, Part I, Line 4b | FormAndLineReferenceDesc |
| Explanation | The Following individuals participated in a supplemental nonqualified retirement plan: Richard George, Nancy Seifert, and Jacqueline Fairbairn. There were no new payments into and no payments out of the plan. The supplemental nonqualified plan (OptionIt Plan) was in effect for four years (1998-2001) and was offered by the employer to management and staff for retention purposes. | ExplanationTxt |
Schedule L IRS990ScheduleL
Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp (2 entries)
| Relationship DescriptionRelationshipDescriptionTxt | TransactionTransactionAmt | TransactionTransactionDesc | Sharing Of RevenuesSharingOfRevenuesInd |
|---|---|---|---|
| Great Lakes Educational Loan Svcs | |||
| Contrl Ent/officer ovrlap | $2,137,300 | GLELSI Bldg Rent Pd to GLHEGC | false |
| Great Lakes Educational Loan Svcs | |||
| Contrl Ent/officer ovrlap | $3,149,365 | Intercompany Reimb. to GLELSI | false |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Schedule L, Part IV | FormAndLineReferenceDesc |
| Explanation | Great Lakes Educational Loan Services, Inc. is a for-profit subsidiary of Great Lakes Higher Education Corporation. Richard D. George serves as the Chairman & Treasurer and the President & CEO of Great Lakes Higher Education Guaranty Corporation. He also serves as the Chairman of Great Lakes Educational Loan Services, Inc. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (8 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Form 990, Part VI, Question 6 & 7A | Great Lakes Higher Education Corporation, a nonprofit 501(c)(3) corporation, is the sole member of Great Lakes Higher Education Guaranty Corporation (GLHEGC) and has the authority to appoint the GLHEGC board. |
| Form 990, Part VI, Question 7b | Great Lakes Higher Education Corporation, a nonprofit 501(c)(3) corporation, as sole member of Great Lakes Higher Education Guaranty Corporation (GLHEGC), has the authority provided by Wis. Stats. Chapter 181 to approve certain actions related to merger, conversion, sale of assets and dissolution. |
| Form 990, Part VI, Question 11B | On an annual basis, the Chairman of the Board, CEO, General Counsel, the Audit Committee and Board review the Form 990 prior to filing. The conflicts of interest questionnaires are completed by each director and reviewed prior to filing the Form 990. |
| Form 990, Part VI, Question 12c | Annually, directors and officers sign a conflict of interest document which discloses any conflicts. The signed documents are reviewed annually by the chairman of the board. If a disclosed conflict occurs, the individual abstains from discussion and voting on topics where a conflict of interest exists. All directors, officers and employees are subject to the Human Resources Code of Ethics to maintain the highest ethical and legal standards of business conduct. |
| Form 990, Part VI, Question 15b | The compensation of all of the officers is determined annually by the Personnel Policy Committee of the Board of Directors. The Personnel Policy Committee's report is submitted to the Board of Directors for approval. The decisions are documented in the Board minutes. Every two to three years, an independent compensation study is performed. |
| Financial Statements to General Public: | Form 990, Part VI, Question 19 Federal tax law does not require that such documents be made publicly available. Documents are available upon specific request. |
| Part VII, Section A | (1) Directors normally attend 3-4 board meetings and 3-4 committee meetings per year in addition to telephonic conferences and individual meetings with officers. Directors devote an average of 1-3 hours per week to their position(s). (2) Inside directors are not eligible for Board compensation. (3) Non-operating officer position not separately compensated. (4) Board compensation is applied to firm retainer for outside counsel services. |
| Form 990, Part IX, Line 24c | Allocated expenses include salaries, fringe benefits, supplies and services allocated from Great Lakes Higher Education Corporation for management and administrative services; and the GLHEC/GLELSI agreement expenses for guaranty service activities, technology support and administrative support. |
Schedule R IRS990ScheduleR
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (2 entries)
| Address Line1USAddress/AddressLine1 | CityUSAddress/City | StateUSAddress/State | ZIP CodeUSAddress/ZIPCode | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Exempt Code SectionExemptCodeSectionTxt | Public Charity StatusPublicCharityStatusTxt | Business Name Line1DirectControllingEntityName/BusinessNameLine1 | Controlled OrganizationControlledOrganizationInd |
|---|---|---|---|---|---|---|---|---|---|---|
| Great Lakes Higher Education Corporation | ||||||||||
| 2401 International Lane | Madison | WI | 53704 | 391090394 | Stdnt Ln Svcs | WI | 501(c)(3) | 11B Type 2 | NA | false |
| Northstar Guarantee Inc | ||||||||||
| 2401 International Lane | Madison | WI | 53704 | 411689095 | Stdt Rehab Ln | MN | 501(C)(3) | 9 | GLHEC | Yes (true) |
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp
Related Organization Name RelatedOrganizationName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Great Lakes Educational Loan Svcs Inc | BusinessNameLine1 |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2401 International Lane | AddressLine1 |
| City | Madison | City |
| State | WI | State |
| ZIP Code | 53704 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 391864035 | EIN |
| Primary Activities | Student Loan | PrimaryActivitiesTxt |
| Legal Domicile State | WI | LegalDomicileStateCd |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NA | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Entity Type | C Corp | EntityTypeTxt |
| Share Of Total Income | $0 | ShareOfTotalIncomeAmt |
| Share Of EOY Assets | $0 | ShareOfEOYAssetsAmt |
| Controlled Organization | Yes (true) | ControlledOrganizationInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | Yes (true) | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | Yes (true) | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | false | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | false | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | false | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | false | DivRelatedOrganizationInd |
| Asset Sale To Other Org | false | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | false | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | false | AssetExchangeInd |
| Rental Of Facilities To Oth Org | Yes (true) | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | false | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | false | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | false | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | false | SharingOfFacilitiesInd |
| Paid Employees Sharing | false | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | Yes (true) | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | false | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | false | TransferToOtherOrgInd |
| Transfer From Other Org | false | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp (3 entries)
| Transaction TypeTransactionTypeTxt | InvolvedInvolvedAmt | Method Of Amount DeterminationMethodOfAmountDeterminationTxt |
|---|---|---|
| Great Lakes Educational Loan Services Inc | ||
| a | $2,137,300 | FMV |
| Great Lakes Educational Loan Services Inc | ||
| p | $3,149,365 | ACTUAL COST |
| Northstar Education Services LLC | ||
| b | $150,000 | ACTUAL COST |