EDFUND: Form 990, tax year 2009
View the entire original 990 at ProPublica ↗
- Organization
- EDFUND (EIN 68-0396383)
- Tax period
- 2009-10-01 to 2010-09-30
- Filed
- 2011-08-03
- IRS object ID
- 201112229349301016
- Schema version
- 2009v1.2
- 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 C
- Schedule D
- Schedule G
- Schedule I
- Schedule J
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2011-08-03T14:00:15-07:00 | Timestamp |
| Tax Period End Date | 2010-09-30 | TaxPeriodEndDate |
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2009-10-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 680396383 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | EdFund | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | EDFU | NameControl |
| Phone | 9164648135 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | California Student Aid Commission | AddressLine1 |
| Address Line2 | PO Box 419026 | AddressLine2 |
| City | Rancho Cordova | City |
| State | CA | State |
| ZIP Code | 957419026 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Enrique Murillo | Name |
| Title | President | Title |
| Phone | 9164646439 | Phone |
| Date Signed | 2011-08-03 | DateSigned |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2009 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Change | X | AddressChange |
Name Of Principal Officer Business NameOfPrincipalOfficerBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Enrique Murillo | BusinessNameLine1 |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO Box 419026 | AddressLine1 |
| City | Rancho Cordova | City |
| State | CA | State |
| ZIP Code | 957419026 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 78671189 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c | X | Organization501c |
| Type Of Organization Other | X | TypeOfOrganizationOther |
| Type Of Org Other Description | Auxiliary | TypeOfOrgOtherDescription |
| Year Formation | 1997 | YearFormation |
| State Legal Domicile | CA | StateLegalDomicile |
| Activity Or Mission Description | EdFund, an auxiliary organization of the California Student Aid Commission (Commission), administers the services essential to the Commission's participation as a designated guaranty agency in the Federal Family Education (FFEL) Loan Program. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 6 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 6 | NbrIndependentVotingMembers |
| Total Nbr Employees | 577 | TotalNbrEmployees |
| Total Nbr Volunteers | 0 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 25265 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 41480 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 90209207 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 78159110 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 261257 | InvestmentIncomePriorYear |
| Investment Income Current Year | 22794 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 293272 | OtherRevenuePriorYear |
| Other Revenue Current Year | 434584 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 90789001 | TotalRevenuePriorYear |
| Total Revenue Current Year | 78657968 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 27900 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 49000 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 51359548 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 43929670 | 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 | 39452369 | OtherExpensePriorYear |
| Other Expenses Current Year | 35166702 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 90839817 | TotalExpensesPriorYear |
| Total Expenses Current Year | 79145372 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -50816 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | -487404 | RevenuesLessExpensesCY |
| Total Assets BOY | 134006210 | TotalAssetsBOY |
| Total Assets EOY | 133830025 | TotalAssetsEOY |
| Total Liabilities BOY | 112088336 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 112381616 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 21917874 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 21448409 | NetAssetsOrFundBalancesEOY |
| Mission Description | On behalf of the Commission, EdFund is one of the nation's leading guaranty agency service providers of student loan services under the FFEL Program. These services include student loan guarantee functions, default prevention and aversion efforts, and default management and collection activities. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 1 | SignificantChange |
| Expense | 13650864 | Expense |
| Grants | 0 | Grants |
| Revenue | 16135716 | Revenue |
| Description | Guarantee Services: Services include providing loan guarantee processing and support services to schools and lenders who participate in the FFEL Program. For the year ending September 30, 2010, EdFund administered the loan guarantee for nearly $4.1 billion in FFEL Program Stafford and PLUS loans, a 60.6 percent decrease from the $10.4 billion loans guaranteed in 2009. This loan volume decrease reflects the mandatory shift from the FFEL Program to Federal Direct lending resulting from passage of the Health Care and Education Affordability Reconciliation Act of 2010 (H.R. 4872) on March 30, 2010. Under H.R. 4872, student loan funding was removed from lending institutions as of July 1, 2010 eliminating the need for guarantee services. | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 14261196 | Expense |
| Grants | 0 | Grants |
| Revenue | 16857144 | Revenue |
| Description | Default Prevention: EdFund engages in default prevention and aversion programs dedicated to educating and assisting borrowers in successful repayment of their student loan debt through a cooperative effort with schools and lenders. Default prevention counselors work directly with borrowers to increase awareness in a variety of repayment options, as well as the potential consequences of defaulting on a student loan. If a loan becomes seriously delinquent and a lender default claim is pending, the counselor acts as liaison between the borrower and lender in an effort to help the borrower avoid defaulting on their student loan. EdFund also provides early withdrawal counseling to borrowers who have withdrawn from school before guaduating. Borrowers are encouraged to return to school, or helped with planning for repayment to avoid becoming delinquent or defaulting on their student loans. In 2010, EdFund's default aversion efforts helped over 495,000 delinquent borrowers resolve payment difficulties which prevented nearly $5.8 billion in student loan defaults. Many borrowers resolve their delinquency at this stage by returning their loans to good standing. | Description |
Activity3 Activity3
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 37457818 | Expense |
| Grants | 0 | Grants |
| Revenue | 44276220 | Revenue |
| Description | Default Management: Despite various efforts counseling borrowers to stay current on their student loans, a number of loans enter default after 270 days of delinquency. In 2010, a total of $1.4 billion in claims were paid to lenders on defaulted loans. After a claim is paid, EdFund works with the defaulted borrowers to help establish a voluntary loan repayment agreement based on their financial situation. Borrowers that participate in the loan rehabilitation program receive the benefit of an improved credit history and restored eligibility for financial aid. EdFund currently manages a defaulted loan portfolio of approximately $3.2 billion. In 2010 EdFund successfully collected $670.8 million of defaulted loans including $335 million in rehabilitation loans. | Description |
Activity Other ActivityOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 752969 | Expense |
| Grants | 0 | Grants |
| Revenue | 890030 | Revenue |
| Description | Borrower Counseling Services. In February 2010, EdFund entered into a contract with a post-secondary educational institution to provide borrower counseling (delinquency prevention and default aversion) services to its students for loans not covered by the traditional FFEL guarantor model. This fee for service pilot program worked delinquent loans that were less than 60 days in arrears in an attempt to improve the return-to-school rate for students who withdrew before completing their program of study; reduce student loan delinquency rates for all borrowers in repayment; and lower loan defaults. The contract terminated effective November 2010. | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Other Program Service Exp | 752969 | TotalOfOtherProgramServiceExp |
| Total Of Other Program Service Grnt | 0 | TotalOfOtherProgramServiceGrnt |
| Total Of Other Program Service Rev | 890030 | TotalOfOtherProgramServiceRev |
| Total Program Service Expense | 66122847 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 1 | LobbyingActivities |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 1 | CreditCounseling |
| Term Or Permanent Endowments | 0 | TermOrPermanentEndowments |
| Balance Sheet Amounts Reported | 1 | BalanceSheetAmountsReported |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 0 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 1 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 1 | GrantsToOrganizations |
| Grants To Individuals | 0 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 0 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 1 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 48345 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 577 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 0 | UnrelatedBusinessIncome |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 1 | QuidProQuoContributions |
| Quid Pro Quo Disclosure | 1 | QuidProQuoDisclosure |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Form8899 Filed | 0 | Form8899Filed |
| Form1098 C Filed | 0 | Form1098CFiled |
| Nbr Voting Governing Body Members | 6 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 6 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 0 | MembersOrStockholders |
| Election Of Board Members | 0 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 1 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | CA | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | IL | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | OR | StatesWhereCopyOfReturnIsFiled |
| Other Website | X | OtherWebsite |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | California Student Aid Commission | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 9164648040 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 10834 International Drive | AddressLine1 |
| City | Rancho Cordova | City |
| State | CA | State |
| ZIP Code | 95670 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (21 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | Key EmployeeKeyEmployee | FormerFormer | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|---|---|
| Sally Furay | |||||||||
| Chair | 8 | X | X | 1830 | 0 | 0 | |||
| C Michael Cooney | |||||||||
| Treasurer | 8 | X | X | 1503 | 0 | 0 | |||
| Frederick M Weis | |||||||||
| Secretary | 8 | X | X | 1000 | 0 | 0 | |||
| Carlene Moore Ellis | |||||||||
| Vice Chair | 8 | X | X | 0 | 0 | 0 | |||
| Conny Jamison | |||||||||
| Board Member | 5 | X | 1441 | 0 | 0 | ||||
| Dale Rogers Marshall | |||||||||
| Board Member | 5 | X | 1100 | 0 | 0 | ||||
| Diana Fuentes-Michel | |||||||||
| Ex-Officio Board | 0 | X | 0 | 0 | 0 | ||||
| Sam M Kipp III | |||||||||
| Pres/Ex-Officio | 40 | X | X | 334636 | 0 | 31748 | X | ||
| Molly A Greek | |||||||||
| AVP - Emp. Board Member (Term) | 40 | X | 142683 | 0 | 18950 | X | |||
| Martin A Scanlon | |||||||||
| VP-CFO | 40 | X | 218265 | 0 | 37624 | X | |||
| Therese B Bickler | |||||||||
| VP-Loan Operations | 40 | 183824 | 0 | 34410 | X | ||||
| Len B Hyde | |||||||||
| VP-Default Management | 40 | 176107 | 0 | 33523 | X | ||||
| Patrick C Pendleton | |||||||||
| VP-Technology (Term) | 40 | 175204 | 0 | 33007 | X | X | |||
| Diane E Manning | |||||||||
| VP-Audit Services | 40 | 176003 | 0 | 30361 | X | ||||
| David E Reid | |||||||||
| VP-Legal | 40 | 210171 | 0 | 39588 | X | ||||
| John R Hancock | |||||||||
| VP-Technology | 40 | 164750 | 0 | 27722 | X | ||||
| Teresa R Freedman | |||||||||
| Assistant Vice President | 40 | 139074 | 0 | 33355 | X | ||||
| Rhonda J Mohr | |||||||||
| Assistant Vice President | 40 | 144659 | 0 | 22485 | X | ||||
| Margit K Miller | |||||||||
| AVP-Controller | 40 | 143452 | 0 | 18913 | X | ||||
| Sean A Cordero | |||||||||
| Chief Security Officer | 40 | 152940 | 0 | 34316 | X | ||||
| Tina L Kilgore-Goodwin | |||||||||
| Assistant Vice President | 40 | 137400 | 0 | 28451 | X | ||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 2506042 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 424453 | TotalOtherCompensation |
| Number Individuals GT100 K | 92 | NumberIndividualsGT100K |
| Formers Listed | 1 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| Premiere Credit of North America LLC | |||||
| 2002 Wellesley Blvd | Indianapolis | IN | 46219 | Collection Agency | 1108473 |
| Randstad | |||||
| 8430 West Brynmawr | Chicago | IL | 60631 | Temporary Staffing | 517168 |
| GC Services LP | |||||
| 6330 Gulfton St | Houston | TX | 77081 | Collection Agency | 433271 |
| Dell Marketing LP | |||||
| One Dell Way | Round Rock | TX | 78682 | Computer Sales & Service | 307780 |
| Perry-Smith LLP | |||||
| 400 Capitol Mall Ste 1200 | Sacramento | CA | 95814 | Accounting Firm | 271980 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 8 | NumberOfContractorsGT100K |
| Federated Campaigns | 0 | FederatedCampaigns |
| Membership Dues | 0 | MembershipDues |
| Fundraising Events | 29760 | FundraisingEvents |
| Related Organizations | 0 | RelatedOrganizations |
| Government Grants | 0 | GovernmentGrants |
| All Other Contributions | 11720 | AllOtherContributions |
| Noncash Contributions | 3700 | NoncashContributions |
| Total Contributions | 41480 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (4 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome | Unrelated Business RevenueUnrelatedBusinessRevenue | ExclusionExclusionAmount |
|---|---|---|---|---|---|
| Guarantee Services | 900099 | 16135716 | 16135716 | 0 | $0 |
| Default Prevention | 900099 | 16857144 | 16857144 | 0 | $0 |
| Default Management | 900099 | 44276220 | 44276220 | 0 | $0 |
| Borrower Counseling | 900099 | 890030 | 890030 | 0 | $0 |
Total Oth Program Service Revenue TotalOthProgramServiceRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
| Related Or Exempt Function Income | 0 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $0 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 78159110 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 19182 | TotalRevenueColumn |
| Related Or Exempt Function Income | 0 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $19,182 | ExclusionAmount |
Income From Invest Bond Proceeds IncomeFromInvestBondProceeds
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
| Related Or Exempt Function Income | 0 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $0 | ExclusionAmount |
Royalties Revenue RoyaltiesRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
| Related Or Exempt Function Income | 0 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $0 | ExclusionAmount |
Gross Rents GrossRents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 0 | Real |
| Personal | 0 | Personal |
Less Rental Expenses LessRentalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 0 | Real |
| Personal | 0 | Personal |
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 |
| Related Or Exempt Function Income | 0 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $0 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 0 | Securities |
| Other | 3612 | Other |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 0 | Securities |
| Other | 0 | Other |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 0 | Securities |
| Other | 3612 | Other |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 3612 | TotalRevenueColumn |
| Related Or Exempt Function Income | 3612 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $0 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Income Fundraising Events | 7635 | GrossIncomeFundraisingEvents |
| Cntrbtns Rprtd Fundraising Events | 29760 | CntrbtnsRprtdFundraisingEvents |
| Fundraising Direct Expenses | 9463 | FundraisingDirectExpenses |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -1828 | TotalRevenueColumn |
| Related Or Exempt Function Income | 0 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | -$1,828 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Income Gaming | 6887 | GrossIncomeGaming |
| Gaming Direct Expenses | 3758 | GamingDirectExpenses |
Net Income From Gaming NetIncomeFromGaming
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 3129 | TotalRevenueColumn |
| Related Or Exempt Function Income | 0 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $3,129 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | 0 | GrossSalesOfInventory |
| Cost Of Goods Sold | 0 | CostOfGoodsSold |
Net Income Or Loss NetIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
| Related Or Exempt Function Income | 0 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $0 | ExclusionAmount |
Other Revenue Misc OtherRevenueMisc
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | Grant adminstrative fees | Description |
| Business Code | 900099 | BusinessCode |
| Total Revenue Column | 433283 | TotalRevenueColumn |
| Related Or Exempt Function Income | 433283 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $0 | ExclusionAmount |
Miscellaneous Revenue MiscellaneousRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
| Related Or Exempt Function Income | 0 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $0 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 433283 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 78657968 | TotalRevenueColumn |
| Related Or Exempt Function Income | 78596005 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $20,483 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 44000 | Total |
| Program Services | 44000 | ProgramServices |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 5000 | Total |
| Program Services | 5000 | ProgramServices |
Foreign Grants ForeignGrants
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
| Program Services | 0 | ProgramServices |
Benefits To Members BenefitsToMembers
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
| Program Services | 0 | ProgramServices |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1593930 | Total |
| Program Services | 421429 | ProgramServices |
| Management And General | 1172501 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Comp Disqual Persons CompDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 0 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 29752026 | Total |
| Program Services | 24991702 | ProgramServices |
| Management And General | 4760324 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3439358 | Total |
| Program Services | 2870150 | ProgramServices |
| Management And General | 569208 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 6578473 | Total |
| Program Services | 5671672 | ProgramServices |
| Management And General | 906801 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2565883 | Total |
| Program Services | 2167089 | ProgramServices |
| Management And General | 398794 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Fees For Services Management FeesForServicesManagement
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 0 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 90585 | Total |
| Program Services | 54665 | ProgramServices |
| Management And General | 35920 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 255844 | Total |
| Program Services | 7999 | ProgramServices |
| Management And General | 247845 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Fees For Services Lobbying FeesForServicesLobbying
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 0 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
| Fundraising | 0 | Fundraising |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 0 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 0 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 52432 | Total |
| Program Services | 49219 | ProgramServices |
| Management And General | 3213 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4482575 | Total |
| Program Services | 3691592 | ProgramServices |
| Management And General | 790983 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3312507 | Total |
| Program Services | 2552921 | ProgramServices |
| Management And General | 759586 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Royalties Royalties
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 0 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 5841915 | Total |
| Program Services | 3632709 | ProgramServices |
| Management And General | 2209206 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 464362 | Total |
| Program Services | 383471 | ProgramServices |
| Management And General | 80891 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Travel Entrtnmnt Public Officials TravelEntrtnmntPublicOfficials
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 0 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 27523 | Total |
| Program Services | 23674 | ProgramServices |
| Management And General | 3849 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 0 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Payments To Affiliates PaymentsToAffiliates
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 0 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2203848 | Total |
| Program Services | 1692521 | ProgramServices |
| Management And General | 511327 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 421675 | Total |
| Program Services | 221380 | ProgramServices |
| Management And General | 200295 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Other Expenses OtherExpenses (3 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|---|
| Collection agency fees | 15360442 | 15360442 | 0 | 0 |
| Consulting and professional fees | 2563993 | 2244814 | 319179 | 0 |
| Other operating expenses | 89001 | 36398 | 52603 | 0 |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 79145372 | Total |
| Program Services | 66122847 | ProgramServices |
| Management And General | 13022525 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 112015464 | BOY |
| EOY | 122075546 | 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 | 15437779 | BOY |
| EOY | 7415024 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1260140 | BOY |
| EOY | 1042084 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 16373855 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 13076484 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5292827 | BOY |
| EOY | 3297371 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
Investments Program Related InvestmentsProgramRelated
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 134006210 | BOY |
| EOY | 133830025 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 86524106 | BOY |
| EOY | 86418404 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 25564230 | BOY |
| EOY | 25963212 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 112088336 | BOY |
| EOY | 112381616 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Do Not Follow SFAS117 | X | DoNotFollowSFAS117 |
Cap Stck Trst Prin Current Funds CapStckTrstPrinCurrentFunds
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Paid In Cap Srpls Land Bldg Eqp Fund PaidInCapSrplsLandBldgEqpFund
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5292827 | BOY |
| EOY | 3297371 | EOY |
Retained Earnings Endowment Etc RetainedEarningsEndowmentEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 16625047 | BOY |
| EOY | 18151038 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 21917874 | BOY |
| EOY | 21448409 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 134006210 | BOY |
| EOY | 133830025 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Separate | X | FinancialStatementSeparate |
| Federal Grant Audit Required | 1 | FederalGrantAuditRequired |
| Federal Grant Audit Performed | 1 | FederalGrantAuditPerformed |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Supporting Organization509a3 | X | SupportingOrganization509a3 |
| Supporting Org509a3 Type2 | X | SupportingOrg509a3Type2 |
| Certification Checkbox | X | CertificationCheckbox |
| Contrib By Controlling Individual | 0 | ContribByControllingIndividual |
| Contribution By Related Party | 0 | ContributionByRelatedParty |
| Contrib By35 Controlled Entity | 0 | ContribBy35ControlledEntity |
Supported Org Information SupportedOrgInformation
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | California Student Aid Commission | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 680317676 | EIN |
| Type Of Organization | Line 6 | TypeOfOrganization |
| Listed In Governing Doc | 1 | ListedInGoverningDoc |
| Supported Organization Notified | 1 | SupportedOrganizationNotified |
| Organized In US | 1 | OrganizedInUS |
| Amount | $0 | Amount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Number Of Supported Orgs | 1 | TotalNumberOfSupportedOrgs |
| Sum Of Amounts | 0 | SumOfAmounts |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| 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) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule C IRS990ScheduleC
Total Grassroots Lobbying TotalGrassrootsLobbying
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Totals | 0 | FilingOrganizationsTotals |
Total Direct Lobbying TotalDirectLobbying
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Totals | 222299 | FilingOrganizationsTotals |
Total Lobbying Expenditures TotalLobbyingExpenditures
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Totals | 222299 | FilingOrganizationsTotals |
Other Exempt Purpose Expenditures OtherExemptPurposeExpenditures
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Totals | 78923073 | FilingOrganizationsTotals |
Total Exempt Purpose Expenditures TotalExemptPurposeExpenditures
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Totals | 79145372 | 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 |
Tot Lobbying Grassroot Minus Non Tx TotLobbyingGrassrootMinusNonTx
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Totals | 0 | FilingOrganizationsTotals |
Tot Lobby Expend Mns Lobbying Nontx TotLobbyExpendMnsLobbyingNontx
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Totals | 0 | FilingOrganizationsTotals |
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 | 0 | CurrentYearMinus3 |
| Current Year Minus2 | 0 | CurrentYearMinus2 |
| Current Year Minus1 | 174260 | CurrentYearMinus1 |
| Current Year | 222299 | CurrentYear |
| Total | 396559 | 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 |
Grassroots Lobbying Expenditures GrassrootsLobbyingExpenditures
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year Minus3 | 0 | CurrentYearMinus3 |
| Current Year Minus2 | 0 | CurrentYearMinus2 |
| Current Year Minus1 | 0 | CurrentYearMinus1 |
| Current Year | 0 | CurrentYear |
| Total | 0 | Total |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Agent Trustee Etc | 0 | AgentTrusteeEtc |
| Included On FS | 0 | IncludedOnFS |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 0 | InvestmentCostOrOtherBasis |
| Other Cost Or Other Basis | 0 | OtherCostOrOtherBasis |
| Book Value | 0 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 0 | InvestmentCostOrOtherBasis |
| Other Cost Or Other Basis | 0 | OtherCostOrOtherBasis |
| Depreciation | 0 | Depreciation |
| Book Value | 0 | BookValue |
Leasehold Improvements LeaseholdImprovements
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 452518 | InvestmentCostOrOtherBasis |
| Other Cost Or Other Basis | 0 | OtherCostOrOtherBasis |
| Depreciation | 130358 | Depreciation |
| Book Value | 322160 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 15921337 | InvestmentCostOrOtherBasis |
| Other Cost Or Other Basis | 0 | OtherCostOrOtherBasis |
| Depreciation | 12946126 | Depreciation |
| Book Value | 2975211 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 0 | InvestmentCostOrOtherBasis |
| Other Cost Or Other Basis | 0 | OtherCostOrOtherBasis |
| Depreciation | 0 | Depreciation |
| Book Value | 0 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 3297371 | TotalOfBookValueLandBuildings |
| Federal Income Tax Liability | 0 | FederalIncomeTaxLiability |
Other Liabilities OtherLiabilities (3 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| Advance from California Student Aid Commission | $20,000,000 |
| Post-retirement Benefits | $5,549,484 |
| Deferred Compensation Obligation (457 Plan) | $413,728 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 25963212 | TotalOfAmounts |
| Total Revenue | 78657968 | TotalRevenue |
| Total Expenses | 79145372 | TotalExpenses |
| Excess Or Deficit For Year | -487404 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | 0 | NetUnrealizedGLOnInvestments |
| Donated Services And Facilities | 0 | DonatedServicesAndFacilities |
| Investment Expenses | 0 | InvestmentExpenses |
| Prior Period Adjustments | 0 | PriorPeriodAdjustments |
| Other | $0 | OtherAmount |
| Total Adjustments | 0 | TotalAdjustments |
| Excess Or Deficit Per FS | -487404 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 78626907 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | 0 | NetUnrealizedGainsInvestments |
| Donated Srvc And Use Of Facilities | 0 | DonatedSrvcAndUseOfFacilities |
| Recoveries Of Prior Year Grants | 0 | RecoveriesOfPriorYearGrants |
| Other Revenues | 0 | OtherRevenues |
| Revenue Not Rptd F990 | 0 | RevenueNotRptdF990 |
| Revenue Subtotal | 78626907 | RevenueSubtotal |
| Investment Expenses Not Included | 0 | InvestmentExpensesNotIncluded |
| Other Revenues Not Included | 31061 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | 31061 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 78657968 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 79096372 | TotExpensesEtcAuditedFinclStmt |
| Donated Services Use Of Facilities | 0 | DonatedServicesUseOfFacilities |
| Prior Year Adjustments | 0 | PriorYearAdjustments |
| Losses Reported | 0 | LossesReported |
| Other Expenses Included | 0 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | 0 | ExpensesNotRptdF990 |
| Expenses Subtotal | 79096372 | ExpensesSubtotal |
| Investment Expenses Not Included2 | 0 | InvestmentExpensesNotIncluded2 |
| Other Expenses Not Included | 49000 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 49000 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 79145372 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (3 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| SchD_P10_S00_L00 | Schedule D, Part X | Tax-exempt status: EdFund qualifies as a tax-exempt organization under section 501(c)(3) of the United States Internal Revenue Code and corresponding provisions of California law and, accordingly, is not subject to federal or state income taxes. |
| SchD_P12_S00_L04b | Schedule D, Part XII, Line 4b | Golf tournament $31,061 |
| SchD_P13_S00_L04b | Schedule D, Part XIII, Line 4b | Golf tournament grants and other recipients $49,000 |
Schedule G IRS990ScheduleG
Events Information EventsInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Event1 | Golf tournament | NameOfEvent1 |
| Gross Receipts Event1 | 37395 | GrossReceiptsEvent1 |
| Charitable Contributions Event1 | 0 | CharitableContributionsEvent1 |
| Gross Revenue Event1 | 37395 | GrossRevenueEvent1 |
| Cash Prizes Event1 | 0 | CashPrizesEvent1 |
| Non Cash Prizes Event1 | 0 | NonCashPrizesEvent1 |
| Rent Facility Costs Event1 | 4320 | RentFacilityCostsEvent1 |
| Food And Beverage Event1 | 0 | FoodAndBeverageEvent1 |
| Entertainment Event1 | 0 | EntertainmentEvent1 |
| Other Direct Expenses Event1 | 5143 | OtherDirectExpensesEvent1 |
| Food And Beverage Other Events | 0 | FoodAndBeverageOtherEvents |
| Entertainment Other Events | 0 | EntertainmentOtherEvents |
| Gross Receipts Total | 37395 | GrossReceiptsTotal |
| Charitable Contributions Total | 0 | CharitableContributionsTotal |
| Gross Revenue Total Events | 37395 | GrossRevenueTotalEvents |
| Cash Prizes Total Events | 0 | CashPrizesTotalEvents |
| Non Cash Prizes Total Events | 0 | NonCashPrizesTotalEvents |
| Rent Facility Costs Total Events | 4320 | RentFacilityCostsTotalEvents |
| Food And Beverage Total Events | 0 | FoodAndBeverageTotalEvents |
| Entertainment Total Events | 0 | EntertainmentTotalEvents |
| Other Direct Expenses Total Events | 5143 | OtherDirectExpensesTotalEvents |
| Direct Expense Summary Events | 9463 | DirectExpenseSummaryEvents |
| Net Income Summary | 27932 | NetIncomeSummary |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 1 | RecordsMaintained |
Recipient Table RecipientTable
Recipient Name Business RecipientNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Orphan Foundation of America | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 12020 D North Shore Drive | AddressLine1 |
| City | Reston | City |
| State | VA | State |
| ZIP Code | 201904977 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN Of Recipient | 521238437 | EINOfRecipient |
| IRC Section | 501(c)(3) | IRCSection |
| Amount Of Cash Grant | 44000 | AmountOfCashGrant |
| Amount Of Non Cash Assistance | 0 | AmountOfNonCashAssistance |
| Purpose Of Grant | Proceeds benefit the Orphan Foundation of America, a nationwide program that provides assistance to orphan and foster youth as they transition from foster care to young adulthood, helping them attend college and vocational school. During fiscal year ending September 30, 2010, EdFund contributed $44,000 to support the college aspirations of 12 foster youth. | PurposeOfGrant |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Nbr Of501 C3 And Govt Grants | 1 | TotalNbrOf501C3AndGovtGrants |
| Total Nbr Of Other Organizations | 0 | TotalNbrOfOtherOrganizations |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | SchI_P01_S00_L02 | Identifier |
| Return Reference | Schedule I, Part I, Line 2 | ReturnReference |
| Explanation | EdFund Charities contributed $44,000 in grant funds for education scholarships for twelve orphan and foster youth. EdFund monitors the use of the funds disbursed by being actively involved in the selection process of each scholarship recipient. EdFund selects from a group of eligible students affiliated with the receiving organization based on a series of criteria. Once the scholarship winners are selected, in addition to receiving acknowledgment/acceptance letters from each of the students, EdFund continues to receive the scholarship winners' academic and other information to confirm continued eligibility. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 1 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 0 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | 0 | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | 0 | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | 0 | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | 1 | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | 0 | AnyNonFixedPayments |
| Initial Contract Exception | 0 | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII (14 entries)
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sam M Kipp III | |||||||||||||
| 330905 | 0 | 0 | 0 | 3731 | 0 | 0 | 0 | 31748 | 0 | 366384 | 0 | 0 | 0 |
| Molly A Greek | |||||||||||||
| 115021 | 0 | 17928 | 0 | 9734 | 0 | 0 | 0 | 18950 | 0 | 161633 | 0 | 0 | 0 |
| Martin A Scanlon | |||||||||||||
| 218265 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 37624 | 0 | 255889 | 0 | 0 | 0 |
| Therese B Bickler | |||||||||||||
| 183824 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 34410 | 0 | 218234 | 0 | 0 | 0 |
| Len B Hyde | |||||||||||||
| 176107 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 33523 | 0 | 209630 | 0 | 0 | 0 |
| Patrick C Pendleton | |||||||||||||
| 135998 | 0 | 0 | 0 | 39206 | 0 | 0 | 0 | 33007 | 0 | 208211 | 0 | 0 | 0 |
| Diane E Manning | |||||||||||||
| 153616 | 0 | 22387 | 0 | 0 | 0 | 0 | 0 | 30361 | 0 | 206364 | 0 | 0 | 0 |
| David E Reid | |||||||||||||
| 210171 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 39588 | 0 | 249759 | 0 | 0 | 0 |
| John R Hancock | |||||||||||||
| 144275 | 0 | 20435 | 0 | 40 | 0 | 0 | 0 | 27722 | 0 | 192472 | 0 | 0 | 0 |
| Teresa R Freedman | |||||||||||||
| 115619 | 0 | 17875 | 0 | 5580 | 0 | 0 | 0 | 33355 | 0 | 172429 | 0 | 0 | 0 |
| Rhonda J Mohr | |||||||||||||
| 123155 | 0 | 19027 | 0 | 2477 | 0 | 0 | 0 | 22485 | 0 | 167144 | 0 | 0 | 0 |
| Margit K Miller | |||||||||||||
| 124715 | 0 | 18737 | 0 | 0 | 0 | 0 | 0 | 18913 | 0 | 162365 | 0 | 0 | 0 |
| Sean A Cordero | |||||||||||||
| 132933 | 0 | 20007 | 0 | 0 | 0 | 0 | 0 | 34316 | 0 | 187256 | 0 | 0 | 0 |
| Tina L Kilgore-Goodwin | |||||||||||||
| 118665 | 0 | 18735 | 0 | 0 | 0 | 0 | 0 | 28451 | 0 | 165851 | 0 | 0 | 0 |
Form990 Schedule J Part III Form990ScheduleJPartIII (2 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| SchJ_P01_S00_L04 | Schedule J, Part I, Line 4 | a. Patrick C Pendleton received $27,668 separation payment. |
| SchJ_P01_S00_L06 | Schedule J, Part I, Line 6 | EdFund employees, including members of the Executive Mangement Team, are eligible for an incentive compensation program that is contingent on numerous factors including individual performance, FFEL Program net earnings, other performance as measured by high-level organizational metrics and Commission approval. |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (6 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| F990_P03_S00_L03 | Form 990, Part III, Line 3 | H.R. 4872 The Health Care & Education Affordablity Reconciliation Act of 2010, Title II A-Education, Part II-Student Loan Reform, terminates the Federal Family Loan Program appropriation after June 30, 2010. This change eliminates the Guarantee Services segment of EdFund's business. |
| F990_P06_S0A_L07b | Form 990, Part VI, Section A, Line 7b | EdFund is an auxiliary organization of the California Student Aid Commission (Commission) pursuant to Section 69522(a) of the California Education Code. Additionally, EdFund is a component unit of the Commission and EdFund operates under the terms and conditions set forth in an annual operating agreement between the Commission and EdFund. |
| F990_P06_S0B_L11 | Form 990, Part VI, Section B, Line 11 | A copy of the Form 990 was issued to each EdFund Board Member for review prior to its presentation by the external accounting firm at the EdFund Board meeting held June 16, 2011. The Form 990 was reviewed by EdFund's external accounting firm. |
| F990_P06_S0B_L12c | Form 990, Part VI, Section B, Line 12c | Annually, EdFund's Executive Management Team and other key personnel are required to disclose all conflict of interest(s) to the state of California. This information is used by EdFund's legal department and reviewed periodically throughout the year prior to entering into contracts with new vendors to ensure there are no conflicts of interest. |
| F990_P06_S0B_L15 | Form 990, Part VI, Section B, Line 15 | The process for determining compensation of EdFund's Executive Management Team (EMT) is performed by the Human Resources Department. Compensation for each EMT position is based on numerous factors including, but not limited to, market information utilizing internal and external equity measures, geographic location, positions with similiar roles and responsibilities, comparable company size, not-for-profit structure and similiar lines of business. Based on these factors each position is assigned a pay grade. Finally, based on each EMT member's level of experience and expertise, each position is assigned a compensation figure within the applicable pay grade range. |
| F990_P06_S0C_L19 | Form 990, Part VI, Section C, Line 19 | EdFund's governing documents, conflict of interest policy, and audited financial statements are available for public inspection upon request. Additionally, the IRS Form 990 is published and available to the public on the Guidestar website and on the State of California, Department of Justice on-line charity research tool. |
Schedule R IRS990ScheduleR
Form990 Schedule R Part II Form990ScheduleRPartII
Name Of Disregarded Entity NameOfDisregardedEntity
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | California Student Aid Commission | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO Box 419026 | AddressLine1 |
| City | Rancho Cordova | City |
| State | CA | State |
| ZIP Code | 957419026 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 680317676 | EIN |
| Primary Activities | Guaranty agency and grant administrator | PrimaryActivities |
| Legal Domicile State | CA | LegalDomicileState |
| Exempt Code Section | Governmental | ExemptCodeSection |
| Direct Controlling Entity NA | N/A | DirectControllingEntityNA |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | 0 | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | 0 | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | 0 | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | 1 | LoansOrGuaranteesFromOtherOrg |
| Sale Of Assets To Other Org | 0 | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | 0 | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | 0 | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | 0 | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | 0 | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | 1 | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | 0 | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | 0 | SharingOfFacilities |
| Sharing Of Paid Employees | 0 | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | 1 | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | 0 | OtherTransferToOtherOrg |
| Other Transfer From Other Org | 0 | OtherTransferFromOtherOrg |
Transactions Related Orgs Table TransactionsRelatedOrgsTable (3 entries)
| Transaction TypeTransactionType | Amount InvolvedAmountInvolved |
|---|---|
| California Student Aid Commission | |
| k | 6960351 |
| California Student Aid Commission | |
| p | 78170830 |
| California Student Aid Commission | |
| e | 20000000 |