THE CATHERINE B REYNOLDS FOUNDATION INC: Form 990, tax year 2009
View the entire original 990 at ProPublica ↗
- Organization
- THE CATHERINE B REYNOLDS FOUNDATION INC (EIN 52-1509402)
- Tax period
- 2009-10-01 to 2010-09-30
- Filed
- 2011-08-10
- IRS object ID
- 201122229349301417
- Schema version
- 2009v1.7
- 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 C
- Schedule D
- Schedule I
- Schedule J
- Schedule L
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2011-08-10T18:19:45-05:00 | Timestamp |
| Tax Period End Date | 2010-09-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SQUAR MILNER PETERSON ET AL LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 14455 VENTURA BLVD SECOND FLOOR | AddressLine1 |
| City | SHERMAN OAKS | City |
| State | CA | State |
| ZIP Code | 91423 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2009-10-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 521509402 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | EDUCAP INC | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | EDUC | NameControl |
| Phone | 7036744718 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 21680 RIDGETOP CIRCLE | AddressLine1 |
| City | STERLING | City |
| State | VA | State |
| ZIP Code | 20166 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | MATTHEW MURRAY | Name |
| Title | CHIEF FINANCIAL OFFICER | Title |
| Phone | 7036744718 | Phone |
| Date Signed | 2011-08-10 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | William F Wolf | Name |
| Phone | 8189812600 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2009 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
Doing Business As DoingBusinessAs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CATHERINE B REYNOLDS FOUNDATION | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | CATHERINE B REYNOLDS | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 21680 RIDGETOP CIRCLE | AddressLine1 |
| City | STERLING | City |
| State | VA | State |
| ZIP Code | 20166 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 20745777 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c | X | Organization501c |
| Web Site | www.educap.ORG | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1986 | YearFormation |
| State Legal Domicile | MD | StateLegalDomicile |
| Activity Or Mission Description | SEE PART III, LINE 1 AND 4A. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 6 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 4 | NbrIndependentVotingMembers |
| Total Nbr Employees | 35 | TotalNbrEmployees |
| Total Nbr Volunteers | 0 | TotalNbrVolunteers |
| Total Gross UBI | -41890 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | -41890 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 0 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 0 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 23890046 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 18236842 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 2432954 | InvestmentIncomePriorYear |
| Investment Income Current Year | 2250938 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 269975 | OtherRevenuePriorYear |
| Other Revenue Current Year | 257997 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 26592975 | TotalRevenuePriorYear |
| Total Revenue Current Year | 20745777 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 1527495 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 3382777 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 3651102 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 3596902 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 0 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 14257364 | OtherExpensePriorYear |
| Other Expenses Current Year | 12132462 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 19435961 | TotalExpensesPriorYear |
| Total Expenses Current Year | 19112141 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 7157014 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 1633636 | RevenuesLessExpensesCY |
| Total Assets BOY | 291030608 | TotalAssetsBOY |
| Total Assets EOY | 262660642 | TotalAssetsEOY |
| Total Liabilities BOY | 251573572 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 221634523 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 39457036 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 41026119 | NetAssetsOrFundBalancesEOY |
| Mission Description | TO HELP STUDENTS GAIN ACCESS TO FUNDS TO PAY FOR COLLEGE COSTS AND TO SUPPORT A VARIETY OF PHILANTHROPIC PROGRAMS. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 13389394 | Expense |
| Description | 1. TO RECEIVE AND ADMINISTER FUNDS FOR RELIGIOUS, SCIENTIFIC, EDUCATIONAL, AND CHARITABLE PURPOSES WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986, AS THE SAME MAY BE AMENDED FROM TIME TO TIME ("THE CODE").2. TO CARRY ON A VARIETY OF PROGRAMS RELATING TO, AMONG OTHER THINGS, THE LENDING OF FUNDS TO OR FOR THE BENEFIT OF STUDENTS, FACULTY AND STAFF OF EDUCATIONAL INSTITUTIONS AND OTHERS FOR EDUCATIONAL PURPOSES, INCLUDING SERVICING AND ADMINISTERING STUDENT LOAN PORTFOLIOS.3. TO ADMINISTER PROGRAMS WHEREBY OTHER GOVERNMENTAL OR NONGOVERNMENTAL ENTITIES LEND FUNDS TO OR FOR THE BENEFIT OF, AMONG OTHERS, STUDENTS, FACULTY AND STAFF OF EDUCATIONAL INSTITUTIONS AND NON-PROFIT INSTITUTIONS, IN FURTHERANCE OF RELIGIOUS, SCIENTIFIC, EDUCATIONAL OR CHARITABLE PURPOSES.4. TO DO ANY OTHER ACT OR THING INCIDENTAL TO OR CONNECTED WITH THE FOREGOING PURPOSES OR IN ADVANCEMENT THEREOF.EXEMPT PURPOSE ACHIEVEMENTS:A. EDUCAP INC. HAS PROVIDED OVER $2,500,000,000 IN EDUCATIONAL LOANS TO OVER 350,000 AMERICANS. THESE FUNDS HAVE ALLOWED THESE INDIVUDIALS THE OPPORTUNITY TO FURTHER THEIR EDUCATION AND MEET THE RISING COST OF OBTAINING A HIGHER EDUCATION.TODAY, EDUCAP INC. ADMINISTERS MULTIPLE LOAN PROGRAMS AND SERVICES APPROXIMATELY $435,000,000 IN EDUCATIONAL LOANS FOR OVER 40,000 STUDENTS.IN ORDER TO RECEIVE A LOAN, THE STUDENT MUST BE ACCEPTED FOR ENROLLMENT FULL TIME OR PART TIME IN AN ACCREDITED COLLEGE, UNIVERSITY OR PRIVATE SECONDARY SCHOOL APPROVED BY EDUCAP INC. FOR THE LOAN PROGRAM UNDER WHICH THE APPLICATION IS BEING MADE.THE BORROWER OR COSIGNER MUST:BE CREDIT WORTHY AND BE A U.S. CITIZEN OR PERMANENT RESIDENT ALIEN OR HAVE A CREDITWORTHY COSIGNER WHO IS A U.S. CITIZEN OR PERMANENT RESIDENT ALIEN.BE 18 YEARS OF AGE OR OLDER AT THE TIME OF APPLICATION (19 IN ALABAMA AND NEBRASKA, 21 IN MISSISSIPPI AND PUERTO RICO).HAVE NO ADVERSE PUBLIC RECORDS (E.G. COLLECTIONS, TAX LIENS, ETC.) ON THEIR CREDIT REPORTS.HAVE AN ACCEPTABLE BANKRUPTCY SCORE ASSIGNED BY A CREDIT REPORTING AGENCY.HAVE AN ACCEPTABLE CREDIT SCORE (AS DETERMINED BY EDUCAP INC.'S CREDIT SCORING MODEL) FOR THE LOAN PROGRAM UNDER WHICH THE APPLICATION IS BEING MADE.HAVE NEVER DEFAULTED ON A STUDENT LOAN.SUBMIT INCOME VERIFICATION DOCUMENTS.MAXIMUM LOAN AMOUNTS ARE BASED ON:SCHOOL COSTSINCOME AND DEBT TO INCOME RATIOB. DURING ITS FISCAL YEAR ENDING SEPTEMBER 30, 2010, EDUCAP INC. HAS MADE GRANTS TOTALING $3,382,777 AND HAS PAID OUT $4,904,525 IN CASH CONTRIBUTIONS TO 31 DIFFERENT CHARITABLE ORGANIZATIONS EXEMPT FROM FEDERAL INCOME TAXATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 3382777 | Expense |
| Grants | 3382777 | Grants |
| Description | TO MAKE GRANTS TO OTHER 501(C)(3) ORGANIZATIONS IN FURTHERANCE OF ITS MISSION, FOCUSED UPON FOSTERING AN EDUCATED CITIZENRY THROUGH SUPPORT OF EDUCATION, THE ARTS, RESEARCH AND A VARIETY OF OTHER CHARITABLE AND EDUCATIONAL ACTIVITIES. | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expense | 16772171 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 0 | 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 | 0 | 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 | 0 | 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 | 1 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 1 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 1 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 0 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 1 | DisregardedEntity |
| Related Entity | 0 | 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 | 83 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 35 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 0 | UnrelatedBusinessIncome |
| Foreign Financial Account | 1 | ForeignFinancialAccount |
| Name Of Foreign Country | CJ | NameOfForeignCountry |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributions |
| 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 | 4 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 1 | 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 | 0 | 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 |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | EDUCAP INC | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 7036744718 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 21680 RIDGETOP CIRCLE | AddressLine1 |
| City | STERLING | City |
| State | VA | State |
| ZIP Code | 20166 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (13 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|
| CATHERINE REYNOLDS | |||||||
| CHAIRMAN, Director & CEO | 50.00 | X | X | 491311 | 0 | 42473 | |
| WAYNE REYNOLDS | |||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | ||
| JOSEPH RALSTON | |||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | ||
| WILLIAM SESSIONS | |||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | ||
| STEPHEN GLOVER | |||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | ||
| MARGERY KRAUS | |||||||
| DIRECTOR | 2.00 | X | 0 | 0 | 0 | ||
| MATTHEW MURRAY | |||||||
| CHIEF FINANCIAL OFFICER | 50.00 | X | 254788 | 0 | 32600 | ||
| ALI ERSHEID | |||||||
| CHIEF OPERATING OFFICER | 50.00 | X | 244238 | 0 | 32600 | ||
| STEVEN GOLSCH | |||||||
| SVP HUMAN RESOURCES | 40.00 | 180963 | 0 | 16202 | X | ||
| JOHN EGNER | |||||||
| SENIOR SYSTEMS ADMINISTRATOR | 40.00 | 107720 | 0 | 6941 | X | ||
| PATRICIA JEAVONS | |||||||
| CONTROLLER | 40.00 | 130471 | 0 | 15729 | X | ||
| MARK MAIORCA | |||||||
| DIRECTOR OF DEFAULT MANAGEMENT | 40.00 | 106317 | 0 | 680 | X | ||
| VANESSA MOORE | |||||||
| EXECUTIVE ASSISTANT | 40.00 | 98968 | 0 | 23010 | X | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 1515808 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 147225 | TotalOtherCompensation |
| Number Individuals GT100 K | 7 | NumberIndividualsGT100K |
| Formers Listed | 0 | 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 |
|---|---|---|---|---|---|
| FISERV | |||||
| 75 REMITTANCE DR STE 6955 | CHICAGO | IL | 606756955 | PROCESSING SERVICES | 930661 |
| WHITE ZUCKERMAN WARSAVSY LUNA WOLF & | |||||
| 14455 VENTURA BLVD THIRD FLOOR | SHERMAN OAKS | CA | 94123 | AUDIT AND TAX SERVICES | 258636 |
| JAFFE RAITT HEUER & WEISS | |||||
| 27777 FRANKLIN RD STE 2500 | SOUTHFIELD | MI | 48034 | LEGAL SERVICES | 247959 |
| NCO | |||||
| PO BOX 73518 | CLEVELAND | OH | 44193 | COLLECTION SERVICES | 191016 |
| CREDIT CONTROL LLC | |||||
| 5757 PHANTOM DR STE 330 | HAZELWOOD | MO | 63042 | COLLECTION SERVICES | 182799 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 7 | NumberOfContractorsGT100K |
Program Service Revenue ProgramServiceRevenue (2 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| INTEREST ON LOANS | 525990 | 14719738 | 14719738 |
| ADMINISTRATION FEES | 525990 | 3517104 | 3517104 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 18236842 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 2250938 | TotalRevenueColumn |
| Unrelated Business Revenue | -41890 | UnrelatedBusinessRevenue |
| Exclusion | $2,292,828 | ExclusionAmount |
Other Revenue Misc OtherRevenueMisc
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | REIMBURSED EXPENSES | Description |
| Business Code | 541900 | BusinessCode |
| Total Revenue Column | 257997 | TotalRevenueColumn |
| Exclusion | $257,997 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 257997 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 20745777 | TotalRevenueColumn |
| Related Or Exempt Function Income | 18236842 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | -41890 | UnrelatedBusinessRevenue |
| Exclusion | $2,550,825 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3382777 | Total |
| Program Services | 3382777 | ProgramServices |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1142920 | Total |
| Program Services | 914335 | ProgramServices |
| Management And General | 228585 | ManagementAndGeneral |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1774842 | Total |
| Program Services | 1440783 | ProgramServices |
| Management And General | 334059 | ManagementAndGeneral |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 115410 | Total |
| Program Services | 93697 | ProgramServices |
| Management And General | 21713 | ManagementAndGeneral |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 362809 | Total |
| Program Services | 294550 | ProgramServices |
| Management And General | 68259 | ManagementAndGeneral |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 200921 | Total |
| Program Services | 163120 | ProgramServices |
| Management And General | 37801 | ManagementAndGeneral |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1047362 | Total |
| Program Services | 615977 | ProgramServices |
| Management And General | 431385 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 319542 | Total |
| Management And General | 319542 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 385244 | Total |
| Program Services | 9576 | ProgramServices |
| Management And General | 375668 | ManagementAndGeneral |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 258959 | Total |
| Program Services | 124664 | ProgramServices |
| Management And General | 134295 | ManagementAndGeneral |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 31503 | Total |
| Program Services | 25576 | ProgramServices |
| Management And General | 5927 | ManagementAndGeneral |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 433028 | Total |
| Program Services | 351558 | ProgramServices |
| Management And General | 81470 | ManagementAndGeneral |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 75551 | Total |
| Program Services | 61337 | ProgramServices |
| Management And General | 14214 | ManagementAndGeneral |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3264 | Total |
| Program Services | 2650 | ProgramServices |
| Management And General | 614 | ManagementAndGeneral |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2220203 | Total |
| Program Services | 2220203 | ProgramServices |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 9642 | Total |
| Program Services | 7828 | ProgramServices |
| Management And General | 1814 | ManagementAndGeneral |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 271172 | Total |
| Management And General | 271172 | ManagementAndGeneral |
Other Expenses OtherExpenses (5 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral |
|---|---|---|---|
| PROVISION FOR CREDIT LO | 4384484 | 4384484 | |
| SERVICING FEES | 1774128 | 1774128 | |
| COLLECTION FEES | 406764 | 406764 | |
| BANK CHARGES | 129112 | 125497 | 3615 |
| REPAIRS & MAINTENANCE | 52286 | 42449 | 9837 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 330218 | Total |
| Program Services | 330218 | ProgramServices |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 19112141 | Total |
| Program Services | 16772171 | ProgramServices |
| Management And General | 2339970 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2857627 | BOY |
| EOY | 1805120 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 21875653 | BOY |
| EOY | 15717498 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 467116 | BOY |
| EOY | 849603 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 241722632 | BOY |
| EOY | 220103572 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1692306 | BOY |
| EOY | 1564689 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 20755872 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 20410705 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 354809 | BOY |
| EOY | 345167 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4979725 | BOY |
| EOY | 5360576 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 17080740 | BOY |
| EOY | 16914417 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 291030608 | BOY |
| EOY | 262660642 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2620021 | BOY |
| EOY | 2335980 | EOY |
Grants Payable GrantsPayable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 7014904 | BOY |
| EOY | 5483156 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 237424406 | BOY |
| EOY | 210437506 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4514241 | BOY |
| EOY | 3377881 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 251573572 | BOY |
| EOY | 221634523 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 39457036 | BOY |
| EOY | 41026119 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 39457036 | BOY |
| EOY | 41026119 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 291030608 | BOY |
| EOY | 262660642 | 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 Consolidated | X | FinancialStatementConsolidated |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org509a2 | X | PubliclySupportedOrg509a2 |
Gross Receipts From Admissions GrossReceiptsFromAdmissions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 30132989 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 44805765 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 34985601 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 23890046 | CurrentTaxYearMinus1Year |
| Current Tax Year | 18236842 | CurrentTaxYear |
| Total | 152051243 | Total |
Total509 Total509
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 30132989 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 44805765 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 34985601 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 23890046 | CurrentTaxYearMinus1Year |
| Current Tax Year | 18236842 | CurrentTaxYear |
| Total | 152051243 | Total |
Amts Recd From Disqual Persons AmtsRecdFromDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Amts From Subst Contributors AmtsFromSubstContributors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Support From DQ Ps Etc SupportFromDQPsEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total509 | 152051243 | PublicSupportTotal509 |
Gross Investment Income509 GrossInvestmentIncome509
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 821119 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 827092 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 791415 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 296156 | CurrentTaxYearMinus1Year |
| Current Tax Year | 319257 | CurrentTaxYear |
| Total | 3055039 | Total |
Investment Income And UBTI InvestmentIncomeAndUBTI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 821119 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 827092 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 791415 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 296156 | CurrentTaxYearMinus1Year |
| Current Tax Year | 319257 | CurrentTaxYear |
| Total | 3055039 | Total |
Net Income From Other UBI NetIncomeFromOtherUBI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 48530 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 30758 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 18922 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | -5698 | CurrentTaxYearMinus1Year |
| Current Tax Year | -41890 | CurrentTaxYear |
| Total | 50622 | Total |
Other Income509 OtherIncome509
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 126925 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 236556 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 367330 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 269975 | CurrentTaxYearMinus1Year |
| Current Tax Year | 257997 | CurrentTaxYear |
| Total | 1258783 | Total |
Total Support Total TotalSupportTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 31129563 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 45900171 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 36163268 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 24450479 | CurrentTaxYearMinus1Year |
| Current Tax Year | 18772206 | CurrentTaxYear |
| Total | 156415687 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Percentage509 | 0.97210 | PublicSupportPercentage509 |
| Prior Year Support Percentage | 0.96330 | PriorYearSupportPercentage |
| Investment Income Percentage | 0.01950 | InvestmentIncomePercentage |
| Prior Yr Invest Income Percentage | 0.02890 | PriorYrInvestIncomePercentage |
| Thirty Three Percnt Tests CY509 | X | ThirtyThreePercntTestsCY509 |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Volunteers | 0 | Volunteers |
| Paid Staff Or Management | 0 | PaidStaffOrManagement |
| Media Advertisements | 0 | MediaAdvertisements |
| Mailings Members | 0 | MailingsMembers |
| Publications Or Broadcast | 0 | PublicationsOrBroadcast |
| Grants Other Organizations | 0 | GrantsOtherOrganizations |
| Direct Contact Legislators | 1 | DirectContactLegislators |
| Direct Contact Legislators | $150,000 | DirectContactLegislatorsAmount |
| Rallies Demonstrations | 0 | RalliesDemonstrations |
| Other Activities | 0 | OtherActivities |
| Total Lobbying Expenditures IIB | 150000 | TotalLobbyingExpendituresIIB |
| Not Described In501c3 | 0 | NotDescribedIn501c3 |
Form990 Schedule C Part IV Form990ScheduleCPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Part IV, Supplemental Information: | Identifier |
| Explanation | EDUCAP INC. CONTACTED FEDERAL LEGISLATORS AND THEIR STAFF MEMBERS REGARDING LEGISLATION AFFECTING STUDENT LOANS FOR HIGHER EDUCATION. EDUCAP INC. ALSO CONTACTED FEDERAL LEGISLATORS AND THEIR STAFF MEMBERS TO EDUCATE THEM ON PRIVATE STUDENT LOANS AND EDUCAP'S HISTORY OF FULFILLING THE NEEDS OF STUDENTS AND THEIR FAMILIES TO PAY FOR HIGHER EDUCATION. EDUCAP INC. ENGAGED A THIRD-PARTY SERVICE PROVIDER TO ASSIST WITH THESE LEGISLATIVE ACTIVITIES. | Explanation |
Schedule D IRS990ScheduleD
Leasehold Improvements LeaseholdImprovements
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 3579735 | OtherCostOrOtherBasis |
| Depreciation | 3579735 | Depreciation |
| Book Value | 0 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 6836156 | OtherCostOrOtherBasis |
| Depreciation | 6490989 | Depreciation |
| Book Value | 345167 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 10339981 | OtherCostOrOtherBasis |
| Depreciation | 10339981 | Depreciation |
| Book Value | 0 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 345167 | TotalOfBookValueLandBuildings |
Other Securities OtherSecurities (4 entries)
| DescriptionDescription | Book ValueBookValue | Method Of ValuationMethodOfValuation |
|---|---|---|
| HEDGED EQUITY | 4466364 | F |
| INVESTMENTS IN PRIVATE EQUITY PARTNERSHIPS | 10511596 | F |
| INVESTMENTS IN REAL ESTATE LIMITED PARTNERSHIP | 1295582 | F |
| ABSOLUTE RETURN | 640875 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Securities | 16914417 | TotalOfBookValueSecurities |
Other Liabilities OtherLiabilities (3 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| RESERVE FOR PURCHASE OF DEFAULTED LOANS | $2,172,866 |
| RESTRUCTURING RESERVE | $915,272 |
| PROGRAM RELATED INTEREST RATE SWAP INSTRUMENT | $289,743 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 3377881 | TotalOfAmounts |
| Total Revenue | 20745777 | TotalRevenue |
| Total Expenses | 19112141 | TotalExpenses |
| Excess Or Deficit For Year | 1633636 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | 795622 | NetUnrealizedGLOnInvestments |
| Other | -$860,174 | OtherAmount |
| Total Adjustments | -64552 | TotalAdjustments |
| Excess Or Deficit Per FS | 1569084 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 20423348 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | 795622 | NetUnrealizedGainsInvestments |
| Other Revenues | 109035 | OtherRevenues |
| Revenue Not Rptd F990 | 904657 | RevenueNotRptdF990 |
| Revenue Subtotal | 19518691 | RevenueSubtotal |
| Other Revenues Not Included | 1227086 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | 1227086 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 20745777 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 18854144 | TotExpensesEtcAuditedFinclStmt |
| Expenses Not Rptd F990 | 0 | ExpensesNotRptdF990 |
| Expenses Subtotal | 18854144 | ExpensesSubtotal |
| Other Expenses Not Included | 257997 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 257997 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 19112141 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Explanation | PART X, LINE 2: FIN 48 FOOTNOTE THE COMPANY ACCOUNTS FOR UNCERTAINTIES IN INCOME TAXES BASED ON THRESHOLD OF MORE-LIKELY THAN-NOT FOR RECOGNITION AND DERECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE COMPANY HAS NO UNCERTAIN TAX POSITIONS MEETING THIS THRESHOLD. PART XI, LINE 8: THE BOOK TO TAX DIFFERENCE FROM PASS-THROUGH ACTIVITIES IN THE AMOUNT OF $969,089 AROSE DUE TO THE PASS THROUGH ENTITIES HAVING A CALENDAR YEAR END OF DECEMBER 31, 2009 AND THE ORGANIZATION HAVING A FISCAL YEAR END OF SEPTEMBER 30, 2010. THE AMOUNT OF $109,035 IS THE UNREALIZED GAIN DUE TO THE RISE OF THE FAIR VALUE OF THE DERIVATIVE INSTRUMENT. PART XII, LINE 2D: THE AMOUNT OF $109,035 IS THE UNREALIZED GAIN DUE TO THE RISE OF THE FAIR VALUE OF THE DERIVATIVE INSTRUMENT. PART XII, LINE 4B: THE BOOK TO TAX DIFFERENCE FROM PASS-THROUGH ACTIVITIES IN THE AMOUNT OF $969,089 AROSE DUE TO THE PASS THROUGH ENTITIES HAVING A CALENDAR YEAR END OF DECEMBER 31, 2009 AND THE ORGANIZATION HAVING A FISCAL YEAR END OF SEPTEMBER 30, 2010. THE AMOUNT OF $257,997 IS MISCELLANEOUS INCOME THAT WAS TREATED AS A CONTRA EXPENSE ON THE AUDITED FINANCIAL STATEMENTS. PART XIII, LINE 4B: THE AMOUNT OF $257,997 IS MISCELLANEOUS INCOME THAT WAS TREATED AS A CONTRA EXPENSE ON THE AUDITED FINANCIAL STATEMENTS. | Explanation |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 1 | RecordsMaintained |
Recipient Table RecipientTable (24 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EIN Of RecipientEINOfRecipient | IRC SectionIRCSection | Amount Of Cash GrantAmountOfCashGrant | Purpose Of GrantPurposeOfGrant | Address Line2AddressUS/AddressLine2 |
|---|---|---|---|---|---|---|---|---|
| American Academy of Achievement | ||||||||
| 1222 16th Street NW | Washington | DC | 20036 | 756042129 | 501(c)(3) | 2650000 | 2010 ACHIEVEMENT SUMMIT FOR SOCIAL ENTREPRENEURSHIP | |
| Close Up Foundation | ||||||||
| 44 Canal Center Plaza | Alexandria | VA | 22314 | 237122882 | 501(c)(3) | 10000 | GENERAL SUPPORT | |
| Ford's Theatre Society | ||||||||
| 511 Tenth Street NW | Washington | DC | 20004 | 526073157 | 501(c)(3) | 100000 | SUPPORT OF HISTORIC FORD'S THEATRE EDUCATION INITIATIVES | |
| Foundation Fighting Blindness | ||||||||
| 11435 Cronhill Drive | Owings Mills | MD | 21117 | 237135845 | 501(c)(3) | 10000 | GENERAL SUPPORT | |
| HARVARD UNIVERSITY | ||||||||
| 124 MOUNT AUBURN STREET | CAMBRIDGE | MA | 02138 | 042103580 | 501(c)(3) | 517239 | CATHERINE B REYNOLDS FOUNDATION FELLOWSHIPS IN SOCIAL ENTREPRENEURSHIP | |
| NATIONAL GEOGRAPHIC SOCIETY | ||||||||
| 1145 17TH STREET NW | Washington | DC | 20036 | 530193519 | 501(c)(3) | 50000 | GENERAL SUPPORT | |
| THE John F Kennedy Center for the Performing Arts | ||||||||
| 2700 F Street NW | WAshington | DC | 20566 | 530245017 | 501(c)(3) | 500000 | CATHERINE B REYNOLDS FOUNDATION PLEDGE FOR ARTISTIC EXCELLENCE SERIES | |
| THE John F Kennedy Center for the Performing Arts | ||||||||
| 2700 F Street NW | Washington | DC | 20566 | 530245017 | 501(c)(3) | 40000 | GENERAL SUPPORT | |
| Teach For America | ||||||||
| 315 West 36th Street 6TH FLOOR | New York | NY | 10018 | 133541913 | 501(c)(3) | 50000 | SUPPORTING YOUNG LEADERS TO BECOME TEACHERS IN THE LOWEST-INCOME COMMUNITIES | |
| INOVA HEALTH SYSTEM FOUNDATION | ||||||||
| 8110 GATEHOUSE RD SUITE 200E | FALLS CHURCH | VA | 22042 | 541071867 | 501(c)(3) | 25000 | INOVA KELLER CENTER PLEDGE | |
| PANETTA INSTITUTE FOR PUBLIC POLICY | ||||||||
| 100 CAMPUS CENTER BLDG 86-E CSU | SEASIDE | CA | 93955 | 770495799 | 501(c)(3) | 7000 | GENERAL SUPPORT | MONTEREY BAY |
| DC CAP | ||||||||
| 1029 VERMONT AVENUE NW SUITE 400 | WAshington | DC | 20005 | 522132835 | 501(c)(3) | 50000 | GENERAL SUPPORT | |
| NEW YORK UNIVERSITY | ||||||||
| 726 BROADWAY 2ND FLOOR | NEW York | NY | 10003 | 135562308 | 501(c)(3) | 500000 | CATHERINE B. REYNOLDS FOUNDATION FELLOWSHIPS IN SOCIAL ENTREPRENEURSHIP | |
| DC CAP | ||||||||
| 1029 VERMONT AVENUE NW SUITE 400 | Washington | DC | 20005 | 522132835 | 501(c)(3) | 100000 | SCHOLARSHIPS FOR DC STUDENTS | |
| NEW YORK UNIVERSITY | ||||||||
| 25 WEST 4TH STREET ROOM 301 | NEW York | NY | 10012 | 135562308 | 501(c)(3) | 4286 | GENERAL SUPPORT | |
| CENTER FOR AMERICAN PROGRESS | ||||||||
| 1333 H STREET NW 10TH FLOOR | Washington | DC | 20005 | 300126510 | 501(c)(3) | 100000 | A WOMEN'S NATION PROJECT | |
| DC PUBLIC EDUCATION FUND | ||||||||
| 1534 14TH STREET NW | Washington | DC | 20005 | 261607955 | 501(c)(3) | 25000 | GENERAL SUPPORT | |
| ELIE WIESEL FOUNDATION FOR HUMANITY | ||||||||
| 555 MADISON AVE 20TH FLOOR | NEW York | NY | 10022 | 133398151 | 501(c)(3) | 25000 | GENERAL SUPPORT | |
| INTERNATIONAL PARTNERS CASSIE STERN MEMORIAL INC | ||||||||
| 1320 FINWICK LANE SUITE 400 | SILVER SPRINGS | MD | 20910 | 550888960 | 501(c)(3) | 25000 | GENERAL SUPPORT | |
| KUWAIT AMERICA FOUNDATION | ||||||||
| 910 17TH STREET NW SUITE 200 | WAshington | DC | 20006 | 521730454 | 501(c)(3) | 25000 | TO ESTABLISH SCHOOLS AND PROMOTE GIRL'S EDUCATION IN REMOTE REGIONS OF PAKISTAN AND AFGHANISTAN | |
| WOODROW WILSON INTERNATIONAL CENTER FOR SCHOLARS | ||||||||
| 2150 WISCONSIN AVE NW | Washington | DC | 20007 | 521067541 | 501(c)(3) | 15000 | GENERAL SUPPORT | |
| ANCHORAGE MUSEUM | ||||||||
| 121 WEST SEVENTH AVE | ANCHORAGE | AK | 99501 | 926009317 | 501(c)(3) | 10000 | GENERAL SUPPORT | |
| CENTER FOR THE STUDY OF RESPONSIVE LAW | ||||||||
| 1530 P STREET NW | WAshington | DC | 20005 | 526082290 | 501(c)(3) | 10000 | GENERAL SUPPORT | |
| CENTRO NIA | ||||||||
| 1420 COLUMBIA ROAD NW | WAShington | DC | 20009 | 251689720 | 501(c)(3) | 10000 | YOUTH EDUCATION FUND | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Nbr Of501 C3 And Govt Grants | 21 | TotalNbrOf501C3AndGovtGrants |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Procedure for Monitoring Grants in the U.S.: | Identifier |
| Return Reference | Part I, Line 2: | ReturnReference |
| Explanation | Schedule I, Part I, Line 2: EDUCAP INC. MONITORS THE USE OF FUNDS IT GRANTS TO OTHER NON-PROFIT ORGANIZATIONS IN A VARIETY OF WAYS, INCLUDING FIRST-HAND MONITORING, BOARD AFFILIATIONS, AND REPUTATIONAL AND OTHER FEEDBACK. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| First Class Or Charter Travel | X | FirstClassOrCharterTravel |
| Written Policy Re T And E Expenses | 1 | WrittenPolicyReTAndEExpenses |
| Substantiation Required | 1 | SubstantiationRequired |
| Compensation Committee | X | CompensationCommittee |
| Independent Consultant | X | IndependentConsultant |
| Form990 Of Other Organizations | X | Form990OfOtherOrganizations |
| Written Employment Contract | X | WrittenEmploymentContract |
| Compensation Survey | X | CompensationSurvey |
| 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 | 0 | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | 0 | AnyNonFixedPayments |
| Initial Contract Exception | 0 | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII (7 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| CATHERINE REYNOLDS | |||||||||||||
| 468750 | 0 | 0 | 0 | 22561 | 0 | 22000 | 0 | 20473 | 0 | 533784 | 0 | 532468 | 0 |
| MATTHEW MURRAY | |||||||||||||
| 200000 | 0 | 0 | 0 | 54788 | 0 | 11539 | 0 | 21061 | 0 | 287388 | 0 | 431051 | 0 |
| ALI ERSHEID | |||||||||||||
| 200000 | 0 | 0 | 0 | 44238 | 0 | 11539 | 0 | 21061 | 0 | 276838 | 0 | 394039 | 0 |
| STEVEN GOLSCH | |||||||||||||
| 150833 | 0 | 0 | 0 | 30130 | 0 | 8888 | 0 | 7314 | 0 | 197165 | 0 | 289084 | 0 |
| JOHN EGNER | |||||||||||||
| 107000 | 0 | 523 | 0 | 197 | 0 | 5350 | 0 | 1591 | 0 | 114661 | 0 | 0 | 0 |
| PATRICIA JEAVONS | |||||||||||||
| 129375 | 0 | 519 | 0 | 577 | 0 | 6469 | 0 | 9260 | 0 | 146200 | 0 | 0 | 0 |
| MARK MAIORCA | |||||||||||||
| 105577 | 0 | 556 | 0 | 184 | 0 | 0 | 0 | 680 | 0 | 106997 | 0 | 0 | 0 |
Form990 Schedule J Part III Form990ScheduleJPartIII (2 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| Part I, Line 1a | EDUCAP INC. PROVIDES FIRST CLASS TRAVEL FOR ITS SENIOR EXECUTIVES WHEN APPROPRIATE PURSUANT TO EDUCAP INC.'S TRAVEL POLICY. | |
| Part III | PART II, COLUMN F: COMPENSATION REPORTED IN PRIOR FORM 990: THE AMOUNTS REPORTED IN COLUMN F FOR MATTHEW MURRAY, ALI ERSHEID, AND STEVEN GOLSCH INCLUDE THE RETENTION PAYMENTS AND SEVERANCE PAYMENTS THAT WERE REPORTED ON THE INDIVIDUALS' FORM W-2 FOR THE CALENDAR YEAR ENDING DECEMBER 31, 2009. | Supplemental Information |
Schedule L IRS990ScheduleL
Form990 Schedule L Part IV Form990ScheduleLPartIV (3 entries)
| RelationshipRelationship | Amount Of TransactionAmountOfTransaction | Description Of TransactionDescriptionOfTransaction | Sharing Of RevenuesSharingOfRevenues |
|---|---|---|---|
| WAYNE REYNOLDS | |||
| THE AMERICAN ACADEMY OF ACHIEVEMENT'S PRESIDENT & CHAIRMAN IS MR. REYNOLDS | 2650000 | GRANTS ARE PROVIDED FROM EDUCAP INC. TO THE AMERICAN ACADEMY OF ACHIEVEMENT. | 0 |
| WAYNE REYNOLDS | |||
| THE AMERICAN ACADEMY OF ACHIEVEMENT'S PRESIDENT & CHAIRMAN IS MR. REYNOLDS | 76568 | OFFICE RENT IS PAID BY EDUCAP INC. TO THE AMERICAN ACADEMY OF ACHIEVEMENT. | 0 |
| WAYNE REYNOLDS | |||
| THE AMERICAN ACADEMY OF ACHIEVEMENT'S PRESIDENT & CHAIRMAN IS MR. REYNOLDS | 257997 | ACCOUNTING AND ADMINISTRATIVE SERVICES ARE PROVIDED BY EDUCAP INC. TO THE AMERICAN ACADEMY OF ACHIEVEMENT. | 0 |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (9 entries)
| IdentifierIdentifier | ExplanationExplanation | Return ReferenceReturnReference |
|---|---|---|
| Form 990, Part VI, Section A, line 2 | CATHERINE REYNOLDS AND WAYNE REYNOLDS, FAMILY RELATIONSHIP. | |
| Form 990, Part VI, Section B, line 11 | EduCap INC.'s Form 990 Review Policy is as follows: 1. EduCap INC. provides its Board of Directors with EduCap inc.'s Form 990 each year prior to filing the Form 990 with the IRS. 2. The Audit Committee or a special committee of the Board of Directors reviews and approves the Form 990 prior to its filing with the IRS. To assist the Audit Committee or a Special Committee with its review of the Form 990, the Audit Committee or a Special Committee may, among other things, speak with the accountant who prepared the Form 990 and counsel who reviewed the form 990. | |
| Form 990, Part VI, Section B, line 12c | MONITORING, COMPLIANCE ENFORCEMENT, AND Procedures for Addressing the Conflict of Interest MONITORING AND COMPLIANCE ENFORCEMENT - EACH DIRECTOR, PRINCIPAL OFFICER, KEY EMPLOYEE, AND MEMBER OF A COMMITTEE WITH BOARD-DELEGATED POWERS SHALL ANNUALLY SIGN A STATEMENT WHICH AFFIRMS THAT SUCH PERSON: A. HAS RECEIVED A COPY OF THE CONFLICTS OF INTEREST POLICY. B. HAS READ AND UNDERSTANDS THE POLICY. C. HAS AGREED TO COMPLY WITH THE POLICY. D. UNDERSTANDS THAT EDUCAP Inc. IS A TAX-EXEMPT ORGANIZATION AND IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION, IT MUST ENGAGE IN PRIMARILY ACTVITIES THAT ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES. TO ENSURE THAT EDUCAP OPERATES IN A MANNER CONSISTENT WITH TAX-EXEMPT PURPOSES AND DOES NOT ENGAGE IN ACTIVITIES THAT COULD JEOPARDIZE ITS TAX-EXEMPT STATUS, PERIODIC REVIEWS SHALL BE CONDUCTED. THE PERIODIC REVIEWS SHALL, AT A MINIMUM, INCLUDE THE FOLLOWING SUBJECTS: A. WHETHER COMPENSATION ARRANGEMENTS AND BENEFITS ARE REASONABLE, BASED ON COMPETENT SURVEY INFORMATION, AND THE RESULT OF ARM'S LENGTH BARGAINING. B. WHETHER PARTNERSHIPS, JOINT VENTURES, AND ARRANGEMENTS WITH MANAGEMENT ORGANIZATIONS CONFORM TO EDUCAP Inc.'S WRITTEN POLICIES, ARE PROPERLY RECORDED, REFLECT REASONABLE INVESTMENT OR PAYMENTS FOR GOODS AND SERVICES, FURTHER TAX-EXEMPT PURPOSES AND DO NOT RESULT IN INUREMENT, IMPERMISSABLE PRIVATE BENEFIT OR IN AN EXCESS BENEFIT TRANSACTION. PROCEDURES FOR ADDRESSING THE CONFLICT OF INTEREST: a. An interested person may make a presentation at the board or committee meeting, but after the presentation, he/she shall leave the meeting during the discussion of, and the vote on, the transaction or arrangement involving the possible conflict of interest. b. The chairperson of the board or committee shall, if appropriate, appoint a disinterested person or committee to investigate alternatives to the proposed transaction or arrangement. c. After exercising due diligence, the board or committee shall determine whether EduCap can obtain with reasonable efforts a more advantageous transaction or arrangement from a person or entity that would not give rise to a conflict of interest. d. If a more advantageous transaction or arrangement is not reasonably possible under circumstances not producing a conflict of interest, the board or committee shall determine by a majority vote of the disinterested directors whether the transaction or arrangement is in EduCap's best interest, for its own benefit, and whether it is fair and reasonable. In conformity with the above determination it shall make its decision as to whether to enter into the transaction or arrangement. Violations of the Conflicts of Interest Policy a. If the board or committee has reasonable cause to believe that a member has failed to disclose actual or possible conflicts of interest, it shall inform the member of the basis for such belief and afford the member an opportunity to explain the alleged failure to disclose. b. If, after hearing the member's response and after making further investigation as warranted by the circumstances, the board or committee determines the member has failed to disclose an actual or possible conflict of interest, it shall take appropriate disciplinary and corrective action. | |
| Form 990, Part VI, Section B, line 15 | THE COMPENSATION FOR OFFICERS AND KEY EMPLOYEES IS APPROVED ANNUALLY BY INDEPENDENT MEMBERS OF EDUCAP INC.'S BOARD OF DIRECTORS AND THE SPECIAL COMMITTEE OF THE BOARD OF DIRECTORS. ADDITIONALLY, THE INDEPENDENT MEMBERS UTILIZE THE EXPERTISE OF AN INDEPENDENT COMPENSATION EXPERT WHO MEETS WITH THE INDEPENDENT MEMBERS AND PROVIDES AND REVIEWS A COMPENSATION COMPARABILITY REPORT. | |
| Form 990, Part VI, Section C, line 19 | TO THE EXTENT REQUIRED BY LAW, THE FORM 990 AND FINANCIAL STATEMENTS ARE AVAILABLE BY REQUEST. | |
| EDUCAP INC. HAS AN AUDIT COMMITTEE THAT ASSUMES OVERSIGHT OF THE AUDIT. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR FISCAL YEAR. | ||
| FORM 990, PART I, DOING BUSINESS AS: | EDUCAP INC. ALSO DOES BUSINESS USING THE NAME LOAN TO LEARN. | |
| FORM 990, PART X, LINE 7 | STUDENT LOANS RECEIVABLE AS OF SEPTEMBER 30, 2010, CONSISTED OF THE FOLLOWING: PRIVATE STUDENT LOANS 219,825,487 FEDERALLY GUARANTEED STUDENT LOANS 34,947,569 ------------ STUDENT LOAN PRINCIPAL RECEIVABLE 254,773,056 DEFERRED LOAN ORIGINATION INCOME -5,665,408 UNAMORTIZED PREMIUMS ON PURCHASE 926,110 ------------ 250,033,758 LESS: ALLOWANCE FOR LOAN LOSSES -30,777,785 ------------ 219,255,973 STUDENT LOAN INTEREST RECEIVABLE 922,887 LESS: ALLOWANCE FOR UNCOLLECTABLE INTEREST -75,288 ------------ STUDENT LOANS RECEIVABLE 220,103,572 ============ | DETAIL OF OTHER NOTES AND LOANS RECEIVABLE |
| FORM 990, PART X, LINE 23 | EDUCATION LOAN NOTES PAYABLE AS OF SEPTEMBER 30, 2010, CONSISTED OF THE FOLLOWING: SENIOR NOTES SERIES 2004A, DUE 2019 10,402,570 SERIES 2006 AB, DUE 2031 159,100,836 SUBORDINATE NOTES: SERIES 2004B, DUE 2038 25,750,000 SERIES 2006C, DUE 2027 15,420,000 LESS ORIGINAL ISSUE DISCOUNT -235,900 ------------ TOTAL EDUCATION LOAN NOTES PAYABLE 210,437,506 ============ | DETAIL OF MORTGAGES AND OTHER NOTES PAYABLE |
Schedule R IRS990ScheduleR
Form990 Schedule R Part I Form990ScheduleRPartI (3 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EINEIN | Primary ActivitiesPrimaryActivities | Legal Domicile StateLegalDomicileState | Total IncomeTotalIncome | EOY AssetsEOYAssets | Business Name Line1DirectControllingEntityName/BusinessNameLine1 |
|---|---|---|---|---|---|---|---|---|---|
| L2L Funding LLC | |||||||||
| 21680 RIDGETOP CIRCLE | STERLING | VA | 20166 | 203957613 | FINANCING THE PURCHASE OF STUDENT LOANS | VA | -300 | 0 | EDUCAP INC |
| L2L education Loan Trust 2006-1 | |||||||||
| 21680 RIDGETOP CIRCLE | STERLING | VA | 20166 | 026182050 | FINANCING THE PURCHASE OF STUDENT LOANS | VA | 4140211 | 181197417 | EDUCAP INC |
| L2l education Loan Funding LLC | |||||||||
| 21680 RIDGETOP CIRCLE | STERLING | VA | 20166 | 205944194 | FINANCING THE PURCHASE OF STUDENT LOANS | VA | -8950 | -170093 | EDUCAP INC |