2013-02-14T07:55:59-06:00 2012-03-31 GRANT THORNTON LLP 2001 MARKET STREET SUITE 3100 PHILADELPHIA PA 19103 990 2011-04-01 232719985 Access Group Inc % CHRISTOPHER CHAPMAN ACCE 4846533311 10 North High Street Suite 400 West Chester PA 19380 Christopher Chapman 4846533311 2013-02-07 true A Ronald Taxin 2155614200 2013-02-14 2011 2016-03-07 17:11:31Z X Christopher Chapman 10 North High Street Suite 400 West Chester PA 19380 285508027 false X www.accessgroup.org X 1993 DE The organization's most significant activities are to provide financial aid services, programs, and affordable loans for students attending post-secondary educational institutions. 10 10 302 0 1096560 267154 0 0 299709909 282492883 1988470 -2980821 0 0 301698379 279512062 0 0 0 0 27827318 26655782 0 0 0 215782738 189597400 243610056 216253182 58088323 63258880 8767838300 8078337621 8512782778 7758534609 255055522 319803012 THE ORGANIZATION'S MOST SIGNIFICANT ACTIVITIES ARE TO PROVIDE FINANCIAL AID SERVICES, PROGRAMS, AND AFFORDABLE LOANS FOR STUDENTS ATTENDING POST-SECONDARY EDUCATIONAL INSTITUTIONS. false false 205664718 281396323 The primary activity of Access Group, Inc. is to develop and provide financial aid services, programs, and affordable loans for students attending post-secondary educational institutions. During the year loans were made to 9,500 borrowers. 205664718 true false false false false false false false false true false false false true true false true false false false false false false false false false false false true false false false false false false false false false false false false true true true false false false true 105655 0 true 302 true true true false false false false false false false false false X 10 10 false false false false true true true true true false false true true true true true true true true false X CHRISTOPHER CHAPMAN 4846533311 10 NORTH HIGH STREET SUITE 400 West Chester PA 19380 X HANNAH R ARTERIAN 4.0 X X 0 0 0 JANICE C EBERLY 4.0 X X 0 0 0 E LYNN HAMPTON 4.0 X X 0 0 0 JOSEPH D HARBAUGH 4.0 X 0 0 0 RONDY E JENNINGS 4.0 X 0 0 0 W H KNIGHT JR 4.0 X X 0 0 0 LEO P MARTINEZ 4.0 X 0 0 0 RICHARD A MATASAR 4.0 X X 0 0 0 PAULINE A SCHNEIDER 4.0 X 0 0 0 KENT D SYVERUD 4.0 X X 0 0 0 SUSAN E WOODWARD 4.0 X 0 0 0 CHRISTOPHER CHAPMAN 50.0 X 710478 0 47240 GREG SHISHKO 50.0 X 383409 0 26326 VIVIAN BOWDEN 50.0 X 366765 0 29111 DAVID CLARK 50.0 X 274830 0 35983 JEAN FRANCOIS 50.0 X 282777 0 36993 FRANK DELUCA 50.0 X 276393 0 38772 JENNIFER BROWN 50.0 X 322782 0 12447 PAUL QUIGLEY 50.0 X 251461 0 37220 RICHARD SULTZER 50.0 X 233684 0 37652 EILEEN SANTOS 50.0 X 204611 0 22979 MARY CHAN 50.0 X 213734 0 24408 DAVID FOX 50.0 X 209500 0 41397 KEITH COUGHEY 50.0 X 208601 0 28108 ERICA FAIR 50.0 X 180874 0 24035 HEATHER DROMGOOLE 50.0 X 169836 0 20770 CHRIS PIETRAFITTA 40.0 X 156187 0 20747 LARRY CASEY 40.0 X 149151 0 33336 ANGELA O'BRIEN 40.0 X 148294 0 33209 ANDREA GREENWOOD 40.0 X 141826 0 19367 CHRIS CLEMENTS 40.0 X 137899 0 32999 TIMOTHY BALFOUR 50.0 X 164904 0 3787 5187996 0 606886 46 true true false Debevoise Plimpton LLP 919 Third Avenue NEW YORK NY 10022 Attorney Services 1411681 Modern Mail 100 Pencader Drive NEWARK DE 19702 Mailings 1339979 Integrant Inc 5405 Oberlin Drive Suite 200 SAN DIEGO CA 92121 IT Consulting 924428 V Tek Systems Corp 1315 S Valley Vista Drive DIAMOND CA 91765 IT Consulting 432835 KPMG LLP 1601 Market Street PHILADELPHIA PA 19103 Audit Services 408358 21 0 STUDENT LOAN PROGRAM 900099 282492883 281396323 1096560 282492883 2688061 2688061 0 0 327083 0 15429 5980536 311654 -5980536 -5668882 -5668882 0 0 0 0 279512062 281396323 1096560 -2980821 0 0 0 0 2873306 2327378 545928 0 13635288 11014504 2620784 1180529 953067 227462 7443924 4745474 2698450 1522735 1201042 321693 0 1580195 195394 1384801 506349 197031 309318 0 0 72889 72889 7649167 6403107 1246060 336828 301665 35163 2327581 2083901 243680 2423464 2423464 0 2046036 1792596 253440 249922 211282 38640 0 225209 225209 117855495 117855495 0 6141580 5889111 252469 337687 337687 CONSOLIDATION LOAN REBATE FEE 29397647 29397647 PROVISION FOR LOAN LOSSES 16891599 16891599 AMORTIZATION OF FEES 1539776 1539776 PROGRAM MATERIALS 389858 389858 -373882 -373882 216253182 205664718 10588464 0 1723921 2218 0 0 0 0 971200 16696246 0 0 0 0 8116910429 7471996979 0 0 32130223 32671184 22354657 18078759 15250118 4275898 180045751 244326451 0 0 0 0 0 0 420806658 308368645 8767838300 8078337621 17959172 14900163 0 0 0 0 0 0 0 0 0 0 0 0 8490814330 7739415293 4009276 4219153 8512782778 7758534609 X 255055522 319803012 0 0 0 0 255055522 319803012 8767838300 8078337621 X 63258880 1488610 X false true true X true true X 730284016 483699710 270241233 298737688 281396323 2064358970 730284016 483699710 270241233 298737688 281396323 2064358970 2064358970 5185374 1868170 925621 1774712 2688061 12441938 5185374 1868170 925621 1774712 2688061 12441938 122733 267154 389887 735469390 485567880 271166854 300635133 284351538 2077190795 0.99382 0.99389 0.00599 0.00605 X 2435405 1597743 837662 19744501 16341531 3402970 174751 139485 35266 4275898 0 PAYROLL RELATED LIABILITIES 4147525 OTHER CURRENT LIABILITIES 71628 4219153 279512062 216253182 63258880 4031453 -2542844 1488609 64747489 248114170 4031453 17768 4049221 244064949 35447113 35447113 279512062 183366680 2560612 2560612 180806068 35447114 35447114 216253182 Schedule D Reconciliation of Net Assets Schedule D, Part XI, Line 8 Loan Reserve Trust Income 17,768 Loan Reserve Trust Expense 2,560,614 ----------- Net Loan Reserve Trust Excess (2,542,854) =========== Reconciliation of Revenue Schedule D, Part XII, Line 2d Loan Reserve Trust income 17,768 -------- Total Line 2D 17,768 ======== Other Revenue Included on Return but not on books Schedule D, Part XII, Line 4b Gain on sale of fixed assets orig incl in expense (5,980,536) Amortization of fees 1,539,776 Consolidation Loan Rebate Fee 29,397,647 PEAKS - deconsolidated interest income 10,629,552 PEAKS - noninterest income (139,326) ----------- Total Line 4B 35,447,113 =========== Reconciliation of Expenses Schedule D, Part XIII, Line 2d Loan Reserve Trust Expenses 2,560,612 --------- Total Line 2D 2,560,612 ========= Other Expenses Included on Return but Not on Books Schedule D, Part XIII, Line 4b Gain on sale of fixed assets orig incl in expense (5,980,536) Amortization of fees 1,539,776 Consolidation Loan Rebate Fee 29,397,647 PEAKS - deconsolidated interest expense 4,834,429 PEAKS - deconsolidated provision 4,820,932 PEAKS - deconsolidated noninterest expense 834,865 ----------- Total Line 4B 35,447,113 =========== FIN 48 Statement Part X The Company accounts for uncertainties in income taxes based on a threshold of more-likely-than-not for recognition and rerecognition of tax positions taken or expected to be taken in a tax return. The Company has no uncertain tax positions meeting the threshold. X true true X X X X X true false false false false false false false false CHRISTOPHER CHAPMAN 484843 0 206770 0 18865 0 19600 0 27640 0 757718 0 0 0 GREG SHISHKO 321158 0 55681 0 6570 0 11327 0 14999 0 409735 0 0 0 VIVIAN BOWDEN 229321 0 114202 0 23242 0 19600 0 9511 0 395876 0 0 0 DAVID CLARK 170977 0 79531 0 24322 0 15861 0 20122 0 310813 0 0 0 JEAN FRANCOIS 177324 0 82211 0 23242 0 16409 0 20584 0 319770 0 0 0 FRANK DELUCA 167605 0 78332 0 30456 0 15633 0 23139 0 315165 0 0 0 JENNIFER BROWN 83755 0 91530 0 147497 0 4720 0 7727 0 335229 0 0 0 PAUL QUIGLEY 166813 0 72853 0 11795 0 14647 0 22573 0 288681 0 0 0 RICHARD SULTZER 136326 0 68117 0 29241 0 13235 0 24417 0 271336 0 0 0 EILEEN SANTOS 164950 0 35457 0 4204 0 13576 0 9403 0 227590 0 0 0 MARY CHAN 151731 0 36033 0 25970 0 14035 0 10373 0 238142 0 0 0 DAVID FOX 162778 0 35918 0 10804 0 13752 0 27645 0 250897 0 0 0 KEITH COUGHEY 148222 0 34817 0 25562 0 13885 0 14223 0 236709 0 0 0 ERICA FAIR 140312 0 30942 0 9620 0 12128 0 11907 0 204909 0 0 0 HEATHER DROMGOOLE 116621 0 46518 0 6697 0 10056 0 10714 0 190606 0 0 0 CHRIS PIETRAFITTA 118586 0 14562 0 23039 0 11371 0 9376 0 176934 0 0 0 LARRY CASEY 127413 0 14090 0 7648 0 11175 0 22161 0 182487 0 0 0 ANGELA O'BRIEN 116633 0 14408 0 17253 0 11073 0 22136 0 181503 0 0 0 ANDREA GREENWOOD 111834 0 12882 0 17110 0 10375 0 8992 0 161193 0 0 0 CHRIS CLEMENTS 115185 0 18566 0 4148 0 10019 0 22980 0 170898 0 0 0 TIMOTHY BALFOUR 29023 0 12864 0 123017 0 1400 0 2387 0 168691 0 0 0 Health or social club dues or initiation fees Schedule J, Part I, Line 1a THE ORGANIZATION'S POLICY IS TO REIMBURSE MEMBERSHIP FEES TO HEALTH CLUBS UP TO A MAXIMUM OF $200 PER YEAR AND APPLIES TO ALL EMPLOYEES. Severance or change of control Schedule J, Part I, Line 4a JENNIFER BROWN - SEVERANCE PAY $141,584 TIM BALFOUR - SEVERANCE PAY $108,534 Members or Stockholders Form 990, Part VI, Line 6 Access Group, Inc. is a Delaware nonstock corporation. It is a membership organization whose members are state-operated or tax-exempt American Bar Association-approved law schools located in the United States. Members or Stockholders Who May Elect Form 990, Part VI, Line 7a Pursuant to Section 3.2 of the organization's by-laws, the Board of Directors shall consist of no more than thirteen directors. The members shall elect the minimum number of directors necessary to constitute a majority of the total number of directors (the "Class A Directors"). The remaining directors (the "Class B Directors") are elected by the directors then serving. Decisions Subject to Approval Form 990, Part VI, Line 7b Section 2.6.C of the bylaws provides that the members must approve the following actions of the board of directors: the revocation, repeal, amendment, or modification of Section 2.6.C of the bylaws and the revocation, repeal, amendment, or modification of Article X of the certificate of incorporation regarding distributions upon liquidation of the organization. The Delaware General Corporation law also contains provisions requiring that certain actions by the board of directors be approved by the voting members. Form 990 Review Process Form 990, Part VI, Line 11b Form 990 was prepared by management in consultation with the organization's tax accountants and attorneys. Pursuant to its charter, the audit committee of the board of directors reviewed a draft at a meeting prior to filing. A copy of the final Form 990, including all required schedules, was provided to each of the organization's directors prior to filing with the IRS. Conflict of Interest Policy Monitoring & Enforcement Form 990, Part VI, Line 12c Monitoring of conflict of interest policy - The organization's conflict of interest policy requires each interested person (defined as the organization's directors, officers and key employees) to disclose any financial interest (certain ownership interest or compensation arrangements) they may have in connection with a proposed transaction between the organization and a third party. The board of directors will determine if such financial interest constitutes a conflict of interest and will employ the policy's procedures for addressing any such conflict. All interested persons provide a written certification annually affirming that they have received and understand the policy and agree to comply with it. The organization's internal audit department conducts periodic reviews as required by the organization's conflict of interest policy. Process for Determining Compensation Form 990, Part VI, Line 15a The process for determining the compensation of President and Chief Executive Officer of the Corporation is delegated by the Board of Directors to its Compensation and Benefits Committee, with such committee comprised of outside, independent directors. It is the practice of the Compensation and Benefits Committee to review the performance of the Corporation's President and CEO periodically (generally on an annual basis) and to periodically engage a third-party, independent compensation consultant to establish the market compensation range for the position. This consultant generally establishes this range by identifying the compensation of a parallel position at comparable organizations and taking various factors into account, including but not limited to each applicable organization's industry, geographic region, size and tax status. The Compensation and Benefits Committee reviews the information from its compensation consultant and any other relevant information, discusses such information outside of the presence of the President and Chief Executive Officer, and authorizes, on the record, any changes to such Officer's compensation. Process for Determining Compensation Form 990, Part VI, Line 15b Compensation of the organization's other officers and key employees is determined in the same manner used for employees in general. The organization develops a chart of salary ranges based on market pay data and a merit increase matrix. Employees receive annual performance reviews. The performance review rating for each employee is correlated with the employee's salary range and the merit increase matrix. How Documents are Made Available to the Public Form 990, Part VI, Line 19 The organization's certificate of incorporation is a public document on file with the Delaware Secretary of State. The organization does not make its bylaws and conflict of interest policy available to the public. Its audited financial statements for the past three years are available on its website. PART XI, LINE 5 OTHER CHANGES IN NET ASSETS OR FUND BALANCES UNREALIZED GAINS 4,031,453 Loan Reserve Trust Income 17,768 Loan Reserve Trust Expense (2,560,612) ----------- TOTAL 1,488,609 Access Funding ABCP-I (ABCP-I) C/O ACCESS GROUP 10 N High Street West Chester PA 19380 232719985 Student Loans DE 12469247 589860705 NA Program for Educ & Access to Knwldge for C/O ACCESS GROUP 10 N High Street West Chester PA 19380 232719985 Student Loans DE 41142376 364126406 NA Affiliated Loan Program for Students C/O ACCESS GROUP 10 N High Street West Chester PA 19380 232719985 Student Loans DE 3263997 56111814 NA Financing Alt for Qualified Students C/O ACCESS GROUP 10 N High Street West Chester PA 19380 232719985 Student Loans DE 47511 2719708 NA Access Group Loan Reserve Trust I Rodney Sq North 1100 N Market St Wilmington DE 19890 516522917 Guarantee Fd DE 501(c)(3) 11a NA false Access Funding 2010-A LLC c/o Access Group 10 N High Street West Chester PA 19380 272762721 Student Loans DE NA Related 344714 5194167 false 0 true 0.01000 Agility Loan Services Inc 10 North High Street West Chester PA 19380 371606855 Inactive DE Access Group In C 0 0 1.00000 false false false false true false false false false false false false false false false false true true