2011-08-12T10:18:41-05:00 2010-09-30 KPMG LLP 210 Park Ave Suite 2850 Oklahoma City OK 73102 990 2009-10-01 742094204 TEXAS GUARANTEED STUDENT LOAN CORP TEXA 5122195700 PO BOX 83100 ROUND ROCK TX 786833100 JAMES PATTERSON 2011-08-11 true 405-239-6411 4052396411 2009 2016-02-24 21:20:13Z SUE MCMILLIN PO BOX 83100 ROUND ROCK TX 786833100 323410362 false X www.tgslc.org X 1979 TX "TO BE THE PREMIER SOURCE OF INFORMATION, FINANCING AND ASSISTANCE TO HELP ALL FAMILIES AND STUDENTS REALIZE THEIR EDUCATION AND CAREER DREAMS." TG ADMINISTERS THE FEDERAL FAMILIY EDUCATION LOAN PROGRAM. 11 11 731 0 37887 8706 117767683 132728600 82889241 57378997 25611142 23395341 280367 143601 226548433 213646539 9556662 10045744 0 0 55366873 53718463 0 0 0 131056628 147029228 195980163 210793435 30568270 2853104 821940599 846128246 368627844 383060543 453312755 463067703 SEE SCHEDULE O, GENERAL STATEMENT 1 false true 61149764 0 57378997 SEE SCHEDULE O, GENERAL STATEMENT 2 54387480 0 0 SEE SCHEDULE O, GENERAL STATEMENT 2 29336492 10045744 0 SEE SCHEDULE O, GENERAL STATEMENT 2 46936891 0 0 191810627 true false false true false false false true false true false true false false false false false false false false false true false true false false false false false false false false false false false false false true true false false true 63 0 true 731 true true true false false false false false false false false 11 11 false false false false false true false true true false false true true true true true true true true false X X MARK ZARSKY 5122195700 301 SUNDANCE PARKWAY ROUND ROCK TX 786818004 IVAN ANDARZA 2.0 X 0 0 0 YVONNE BATTS 2.0 X 0 0 0 WROE JACKSON 2.0 X 0 0 0 FH LANDIS 2.0 X 0 0 0 RICHARDS RHODES 2.0 X 0 0 0 MICHAEL SAVOIE 2.0 X 0 0 0 CONNIE SITTERLY 2.0 X 0 0 0 STEVEN TAYS 2.0 X 0 0 0 DORA ANN VERDE 2.0 X 0 0 0 WELCOME WILSON 2.0 X 0 0 0 PHIL WORLEY 2.0 X 0 0 0 STATE OF TEXAS COMPTROLLER 2.0 X 0 0 0 SUE C MCMILLIN 53.0 X 367418 0 52403 JAMES PATTERSON 45.0 X 241030 0 51283 LLOYD DODGE 40.0 X 241217 0 36215 DEANNE VARNER 51.0 X 238033 0 39264 KIM M ALEXANDER 49.0 X 180278 0 31537 PHILIP E FLORA 45.0 X 158722 0 28468 JOHN R ZANOT 42.0 X 152908 0 33965 RINN D HARPER 42.0 X 151629 0 33274 CAROL N LINDSEY 49.0 X 147928 0 27654 PHILLIP E CERVIN 51.0 X 141002 0 37523 CALVIN H ABBOTT 40.0 X 152740 0 31591 JAMES E ZIMMERMAN 41.0 X 146423 0 27423 MARY O NEGRETE 43.0 X 145464 0 24882 PAUL B DIAZ 45.0 X 146985 0 23067 MARK J ZARSKY 42.0 X 146034 0 27806 2757811 0 506355 56 false true false SEE SCHEDULE O GENERAL STATEMENT 3 13 132728600 132728600 FEDERAL DEFAULT FEE 900099 56213300 56213300 EFT 900099 1165697 1165697 57378997 23395341 23395341 0 0 37887 0 37887 37887 37887 109762443 1380 109762443 1380 0 0 0 0 0 0 0 0 MISC. 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BUILDING DENVER SCHOLARSHIP FOUNDATION 303 E 17TH AVE STE 200 DENVER CO 80203 205143175 501(C)(3) 100000 SERVICES TO STUDENTS EDUCATION EQUALS ECONOMICS ALLIANCE 5930 MIDDLE FISKVILLE RD AUSTIN TX 78752 640963235 501(C)(3) 100000 ORGNIZTNL. BUILDING EDUCATION IS FREEDOM FOUNDATION 2711 N HASKELL AVE DALLAS TX 752042966 043643313 501(C)(3) 128100 SERVICES TO STUDENTS EDUCATIONAL POLICY INSTITUTE INC 801 N QUINCY ST ARLINGTON VA 22203 830564426 501(C)(3) 100000 EDUCATIONAL RESEARCH EXCELENCIA IN EDUCATION 1717 N ST NW 2ND FL WASHINGTON DC 20036 200927912 501(C)(3) 38210 EDUCATIONAL RESEARCH FORT WORTH CHAMBER DEVELOPMENT FOUNDATION 777 TAYLOR STREET SUITE 900 FORT WORTH TX 76102 202354924 501(C)(3) 102997 SERVICES TO STUDENTS FRANKLIN & MARSHALL COLLEGE PO BOX 3003 LANCASTER PA 176043003 231352635 501(C)(3) 152914 SERVICES TO STUDENTS GRADUATE PHILADELPHIA 1601 MARKET STREET PHILADELPHIA PA 19103 233048942 501(C)(3) 97325 SERVICES TO STUDENTS HISPANIC SCHOLARSHIP FUNDS CONSORTIUM 1107 S 8TH ST AUSTIN TX 78704 830409721 501(C)(3) 10500 ORGNIZTNL. BUILDING HOUSTON A CHALLENGE 2700 SW FWY STE B HOUSTON TX 77098 760513493 501(C)(3) 90000 SERVICES TO STUDENTS I KNOW I CAN 3798 E BROAD ST COLUMBUS OH 432131142 311229135 501(C)(3) 100000 SERVICES TO STUDENTS INSTITUTE FOR HIGHER EDUCATION POLICY 1320 19TH ST NW WASHINGTON DC 20036 521818907 501(C)(3) 11763 EDUCATIONAL RESEARCH NATIONAL ASSOCIATION FOR COLLEGE ADMISSION COUNSEL 1050 N HIGHLAND ST ARLINGTON VA 22201 362464680 501(C)(3) 52268 SERVICES TO STUDENTS NATIONAL COLLEGE ACCESS NETWORK INC 1001 CONNECTICUT AVE WASHINGTON DC 20036 311793562 501(C)(3) 147710 SERVICES TO STUDENTS NATIONAL SCHOLARSHIP PROVIDERS ASSOCIATION 2222 14TH ST BOULDER CO 80302 364280502 501(C)(3) 75000 ORGNIZTNL. BUILDING NEWARK CITY SCHOOLS 314 GRANVILLE RD NEWARK OH 43055 316400796 PUBLIC SCHOOL 66275 SERVICES TO STUDENTS ON POINT FOR COLLEGE INC 1654 W ONONDAGA ST SYRACUSE NY 132043310 161569356 501(C)(3) 78870 SERVICES TO STUDENTS OREGON STUDENT ASSISTANCE COMMISSION 1500 VALLEY RIVER DR EUGENE OR 97401 936015581 PUBLIC AGENCY 100000 SERVICES TO STUDENTS OTTERBEIN UNIVERSITY 1 OTTERBEIN COLLEGE COLUMBUS OH 430812006 314379532 501(C)(3) 90444 SERVICES TO STUDENTS QUALITY OF LIFE FOUNDATION OF AUSTIN 210 BARTON SPGS RD STE 400 AUSTIN TX 78704 742394827 501(C)(3) 121666 EDUCATIONAL RESEARCH ROUND ROCK INDEPENDENT SCHOOL DISTRICT 1311 ROUND ROCK AVE ROUND ROCK TX 78681 746002018 PUBLIC SCHOOL 96996 SERVICES TO STUDENTS SAM HOUSTON STATE UNIVERSITY BOX 2419 HUNTSVILLE TX 77341 746001430 STATE COLLEGE 80520 SERVICES TO STUDENTS SAN ANTONIO EDUCATION FUND 206 SAN PEDRO SAN ANTONIO TX 782051133 742547643 501(C)(3) 52542 SERVICES TO STUDENTS SAN JACINTO ELEMENTARY SCHOOL 3400 W 4TH ST AMARILLO TX 79106 756000036 PUBLIC SCHOOL 7388 SERVICES TO STUDENTS SHAWNEE STATE UNIVERSITY 940 2ND ST PORTSMOUTH OH 456624344 310864917 STATE COLLEGE 81043 SERVICES TO STUDENTS SPRING HILL COLLEGE 4000 DAUPHIN ST MOBILE AL 366081791 630302179 501(C)(3) 50000 SERVICES TO STUDENTS ST CATHERINE UNIVERSITY 2004 RANDOLPH AVE ST PAUL MN 551051750 410695509 501(C)(3) 26470 SERVICES TO STUDENTS ST EDWARD'S UNIVERSITY INC 3001 S CONGRESS AVE AUSTIN TX 78704 741109641 501(C)(3) 105000 SERVICES TO STUDENTS STARK EDUCATION PARTNERSHIP INC 400 MARKET AVE CANTON OH 44702 341625250 501(C)(3) 24795 ORGNIZTNL. BUILDING TAKE STOCK IN CHILDREN INC 600 SE 3RD AVE FORT LAUDERDALE FL 33301 593331584 501(C)(3) 99280 SERVICES TO STUDENTS TALLAHASSEE COMMUNITY COLLEGE FOUNDATION 444 APPLEYARD DR TALLAHASSEE FL 323042895 592091480 501(C)(3) 124425 SERVICES TO STUDENTS TARLETON STATE UNIVERSITY PO BOX T0700 STEPHENVILLE TX 76402 756001870 STATE COLLEGE 108875 SERVICES TO STUDENTS TEXAS TECH FOUNDATION INC PO BOX 41081 LUBBOCK TX 794091081 756043842 501(C)(3) 74800 SERVICES TO STUDENTS TEXAS WOMAN'S UNIVERSITY 304 ADMINISTRATION DRIVE DENTON TX 76204 756002618 STATE COLLEGE 81400 SERVICES TO STUDENTS THE COLLEGE CRUSADE OF RHODE ISLAND 134 THURBERS AVE PROVIDENCE RI 029054754 223031765 501(C)(3) 212850 SERVICES TO STUDENTS THE SCHOLARSHIP FOUNDATION OF ST LOUIS 8215 CLAYTON RD ST LOUIS MO 631171107 436031234 501(C)(3) 75000 SERVICES TO STUDENTS UNITED WAY OF EL PASO COUNTY 1918 TEXAS AVE EL PASO TX 799011917 741291051 501(C)(3) 109545 SERVICES TO STUDENTS UNIVERSITY OF FLORIDA PO BOX 14425 GAINESVILLE FL 32604 596002052 STATE COLLEGE 100000 EDUCATIONAL RESEARCH UNIVERSITY OF MICHIGAN 610 E UNIVERSITY AVE ANN ARBOR MI 48109 386006309 STATE COLLEGE 100000 EDUCATIONAL RESEARCH UNIVERSITY OF NORTH TEXAS 1155 UNION CIRCLE DENTON TX 762035017 756002149 STATE COLLEGE 47906 EDUCATIONAL RESEARCH UNIVERSITY OF TEXAS AT EL PASO 500 W UNIVERSITY AVE EL PASO TX 79968 746000813 STATE COLLEGE 103549 SERVICES TO STUDENTS UNIVERSITY OF TEXAS AT SAN ANTONIO 1 UTSA CIR SAN ANTONIO TX 782491644 741717115 STATE COLLEGE 129600 SERVICES TO STUDENTS UNIVERSITY OF TEXAS SYSTEM (UT-SYSTEM) 601 COLORADO ST AUSTIN TX 787012982 746000203 STATE COLLEGE 102851 SERVICES TO STUDENTS UNIVERSITY OF UTAH 201 S PRESIDENTS CIRCLE SLC UT 84 SALT LAKE CITY UT 84112 876000525 STATE COLLEGE 76411 SERVICES TO STUDENTS UPLIFT EDUCATION 1750 VICEROY DR DALLAS TX 75235 752659683 PUBLIC SCHOOL 25000 SERVICES TO STUDENTS VERNON COLLEGE 4400 COLLEGE DRIVE VERNON TX 763844005 751325933 STATE COLLEGE 54575 Services to Students WYMAN CENTER 600 KIWANIS DR EUREKA MO 630252212 430653263 501(C)(3) 100000 SERVICES TO STUDENTS YOUTH OPPORTUNITIES UPHELD 27 SEVER ST WORCESTER MA 016092129 237112665 501(C)(3) 140000 SERVICES TO STUDENTS SCHOLARSHIP AMERICA PO BOX 240 ST PETER MN 56082 042296967 501(C)(3) 4639950 SCHOLARSHIP AWARDS 64 0 PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS FORM 990, SCHEDULE I, PART I, LINE 2 ONCE APPROVED FOR FUNDING, EACH GRANTEE MUST REVIEW AND EXECUTE A GRANT AGREEMENT DOCUMENT WITH TG. IN THIS DOCUMENT, THE EXPECTATIONS ARE OUTLINED FOR THE GRANTEES AND THEIR RESPECTIVE PROJECTS, INCLUDING THE REPORTING REQUIREMENTS FOR THE MIDPOINT (PROGRESS) REPORT AND THE FINAL REPORT. EACH OF THE PROJECT DELIVERABLES IS IDENTIFIED IN THE GRANT AGREEMENT DOCUMENT. GRANTEES ARE INSTRUCTED TO PROVIDE A PROGRESS REPORT ON EACH OF THE ITEMS LISTED AND TO PROVIDE A REPORT OF EXPENDITURES TO-DATE COMPARED TO THE ORIGINAL BUDGET SUBMITTED WITH THE APPLICATION. GRANTEES THEN PROVIDE A FINAL ACCOUNT ON THE DELIVERABLES AND BUDGET AT THE CONCLUSION OF THE GRANT PERIOD. GRANT MANAGEMENT STAFF REVIEWS EACH MIDPOINT REPORT TO DETERMINE IF THE GRANT PROJECTS ARE PROGRESSING AS ANTICIPATED. SPECIFICALLY, STAFF LOOKS TO SEE IF ANY OF THE FOLLOWING CONDITIONS EXIST: A) BUDGET LINE ITEMS THAT SEEM TO BE FALLING SHORT OF ANTICIPATED COSTS B) ANY CHANGES IN KEY PERSONNEL ASSOCIATED WITH THE PROJECT C) ANY OBSTACLES IDENTIFIED BY THE GRANTEE AS IMPEDING PROGESS TOWARD GOALS D) ANY REQUESTS FROM THE GRANTEE TO ADJUST THE BUDGET, DELIVERABLES OR PROGRAM ACTIVITIES. IF THERE ARE SIGNIFICANT ISSUES NOTED IN THE MIDPOINT REPORT, STAFF WILL FOLLOW UP WITH THE GRANTEE BY PHONE OR WILL SCHEDULE A SITE VISIT TO DETERMINE THE BEST COURSE OF ACTION TO ADDRESS ANY CONCERNS. IF THERE ARE NO SIGNIFICANT ISSUES NOTED, STAFF ACKNOWLEDGES THE RECEIPT OF THE REPORT AND SCHEDULES THE SECOND DISBURSEMENT OF THE FUNDING (IF APPLICABLE). AT THE TERMINATION OF THE GRANT PERIOD, STAFF REVIEWS THE FINAL REPORT ON EACH PROJECT AND COMPLETES A CLOSE OUT REPORT. THIS REPORT SUMMARIZES THE FOLLOWING: A) PROJECT OBJECTIVES AND THE DEGREE TO WHICH THEY WERE ACHIEVED B) OBSERVATIONS ABOUT THE PROJECT'S SUCCESS OR LACK THEREOF C) FINANCIAL STATUS OF THE PROJECT THE CLOSE OUT REPORT ALSO PROVIDES AN OPPORTUNITY FOR GRANT MANAGEMENT STAFF TO ASSIGN A LETTER GRADE TO THE PROJECT AND INDICATE WHETHER THE GRANTEE IS A GOOD CANDIDATE FOR FUTHER FUNDING. IF THERE ARE ANY REMAINING FUNDS AT THE END OF THE GRANT PERIOD, GRANT MANAGEMENT STAFF WORKS WITH THE GRANTEE TO ENSURE THE RETURN OF THESE FUNDS TO TG. UNEXPENDED GRANT FUNDS FORM 990, SCHEDULE I, PART IV GRANT REFUNDS - UNEXPENDED GRANT FUNDS AWARDED IN PREVIOUS YEARS RETURNED ARE REPORTED AS FOLLOWS: UNIVERSITY OF TEXAS AT AUSTIN $6,448 UNIVERSITY OF TEXAS-PAN AMERICAN $1,156 NORTHEAST LAKEVIEW COLLEGE / ALAMO COMMUNITY COLLEGE DISTRICT $1,000 UNIVERSITY OF TEXAS AT AUSTIN $1,604 MCCLENNAN COUNTY JUNIOR COLLEGE DISTRICT $7,990 SAM HOUSTON STATE UNIVERSITY $20,531 UNIVERSITY OF NORTH TEXAS HEALTH SCIENCE CENTER AT FORT WORTH $5,517 AUSTIN COMMUNITY COLLEGE DISTRICT $10,130 SAM HOUSTON STATE UNIVERSITY $123 WALSH UNIVERSITY $5,852 COMMUNITIES IN SCHOOLS OF SAN ANTONIO $6,915 NORTHEAST LAKEVIEW COLLEGE/ALAMO COMMUNITY COLLEGE DISTRICT $17,405 BREVARD COMMUNITY COLLEGE $13,607 UNIVERSITY OF TEXAS AT AUSTIN $1,144 UNIVERSITY OF NORTH TEXAS $40,685 COASTAL BEND COLLEGE $5,950 ABILENE INDEPENDENT SCHOOL DISTRICT $180 MOTT COMMUNITY COLLEGE $3,020 SCHOLARSHIP AMERICA $28,721 ADDITIONAL INFORMATION FORM 990, SCHEDULE I, PART IV TG AWARDED COMPETITIVE GRANTS THROUGH ITS PUBLIC BENEFITS GRANT PROGRAM FOR THE 6TH CONSECUTIVE YEAR. FOR THE FISCAL YEAR 2010, TG AWARDED APPROXIMATELY $10 MILLION IN GRANTS TO ORGANIZATIONS TO ADVANCE COLLEGE ACCESS, STUDENT RETENTION AND EDUCATIONAL RESEARCH, INCLUDING 4.6 MILLION IN GRANTS THROUGH ITS CHARLEY WOOTAN SCHOLARSHIP PROGRAM. X X X X X false false false false false true false false false SUE C MCMILLIN 252902 0 102402 0 12114 0 46967 0 5436 0 419821 0 0 0 JAMES PATTERSON 183356 0 57260 0 414 0 31442 0 19841 0 292313 0 0 0 LLOYD DODGE 183543 0 57260 0 414 0 30894 0 5321 0 277432 0 0 0 DEANNE VARNER 180815 0 56444 0 774 0 29999 0 9265 0 277297 0 0 0 KIM M ALEXANDER 151541 0 28323 0 414 0 20782 0 10755 0 211815 0 0 0 PHILIP E FLORA 129625 0 28323 0 774 0 18884 0 9584 0 187190 0 0 0 JOHN R ZANOT 126737 0 25901 0 270 0 16298 0 17667 0 186873 0 0 0 RINN D HARPER 123006 0 28353 0 270 0 18631 0 14643 0 184903 0 0 0 CAROL N LINDSEY 123555 0 24103 0 270 0 17239 0 10415 0 175582 0 0 0 PHILLIP E CERVIN 116592 0 24140 0 270 0 16878 0 20645 0 178525 0 0 0 CALVIN H ABBOTT 129924 0 22042 0 774 0 15897 0 15694 0 184331 0 0 0 JAMES E ZIMMERMAN 122050 0 24103 0 270 0 17036 0 10387 0 173846 0 0 0 MARY O NEGRETE 120587 0 24103 0 774 0 17009 0 7873 0 170346 0 0 0 PAUL B DIAZ 122468 0 24103 0 414 0 16894 0 6173 0 170052 0 0 0 MARK J ZARSKY 121661 0 24103 0 270 0 16990 0 10816 0 173840 0 0 0 COMPENSATION CONTINGENT UPON NET EARNINGS OF ORGANIZATION FORM 990, SCHEDULE J, PART I, LINE 6A TG'S BOARD OF DIRECTORS' APPROVED CORPORATE PERFORMANCE AWARD PROGRAM COMPENSATES ELIGIBLE EMPLOYEES BASED UPON PREDETERMINED FORMULAS. THE BOARD APPROVES THE TOTAL AWARD POOL FORMULA BEFORE THE BEGINNING OF THE FISCAL YEAR BASED ON THE ORGANIZATION ACHIEVING ITS CORPORATE GOALS, ONLY ONE OF WHICH IS NET EARNINGS. THE TOTAL AWARD POOL IS APPORTIONED TO EACH CORPORATE GOAL. THE PAYOUT RESULTING FROM ACHIEVING AT LEAST 85% OF EACH GOAL MAY INCREASE DEPENDING ON THE EXTENT TO WHICH THE GOAL IS EXCEEDED; HOWEVER, THE INCREASE IS CAPPED WHEN 120% OF GOAL IS ACHIEVED. ELIGIBLE EMPLOYEES INCLUDE ALL REGULAR EMPLOYEES WORKING A MINIMUM OF 20 HOURS PER WEEK, EMPLOYED AT THE END OF THE FISCAL YEAR, NOT PARTICIPATING IN ANOTHER DEPARTMENTAL INCENTIVE PLAN, AND MEETING MINIMUM PERFORMANCE STANDARDS. EACH EMPLOYEE'S PAYOUT IS BASED ON A FORMULA WHICH TAKES THE SALARY MIDPOINT FOR THAT INDIVIDUAL'S PAY GRADE INTO ACCOUNT. EVERYONE AT A PARTICULAR PAY GRADE WILL GET THE SAME AWARD AS LONG AS THEY ARE ELIGIBLE TO RECEIVE THE AWARD. GENERAL STATEMENT 1 FORM 990, PART III, MISSION STATEMENT "TO BE THE PREMIER SOURCE OF INFORMATION, FINANCING AND ASSISTANCE TO HELP ALL FAMILIES AND STUDENTS REALIZE THEIR EDUCATION AND CAREER DREAMS." TEXAS GUARANTEED STUDENT LOAN CORP (TG) ADMINISTERS THE FEDERAL FAMILY LOAN PROGRAM (FFELP). SIGNIFICANT CHANGES TO PROGRAM SERVICES FORM 990, PART III, LINE 3 UPON ITS ENACTMENT ON MARCH 2010, THE HEALTH CARE AND EDUCATION ACT (2010 ACT) AMENDED THE HIGHER EDUCATION ACT OF 1965, DISCONTINUING THE ORIGINATION OF FEDERAL STUDENT LOANS UNDER THE FEDERAL FAMILY EDUCATION LOAN PROGRAM (FFELP) AFTER JUNE 30, 2010 LEAVING THE WILLIAM D FORD FEDERAL DIRECT LOAN PROGRAM (FDLP) AS THE PRIMARY FEDERAL LOAN PROGRAM. HOWEVER, GUARANTY AGENCIES, INCLUDING TEXAS GUARANTEED STUDENT LOAN CORP (TG) WILL CONTINUE SERVICING THEIR RESPECTIVE RESIDUAL FFELP PORTFOLIOS. GENERAL STATEMENT 2 FORM 990, PART III, LINE 4A, 4B, 4C, & 4D, DESCRIPTION OF PROGRAM SERVICES FORM 990, PART III, LINE 4A: LOAN GUARANTEE, SUPPORT AND REPORTING - TG DELIVERS FAST AND ACCURATE GUARANTEES ON LOAN APPLICATIONS; MANAGES AND DELIVERS LOAN DATA TO INDUSTRY PARTICIPANTS, INCLUDING LENDERS AND SERVICERS, TO MEET FEDERAL REPORTING REQUIREMENTS; AND PROVIDES SUPPORT AND TRAINING ON TG'S WEB-BASED LOAN MANAGEMENT SOLUTIONS FOR PROGRAM PARTICIPANTS. EVEN WITH THE ENDING OF FFELP ORIGINATIONS IN JUNE OF 2010, TG SUCCESSFULLY GUARANTEED 620 THOUSAND LOANS, REPRESENTING MORE THAN $2.4 BILLION. ALSO IN FY10, TG VOLUNTARILY FUNDED $56 MILLION IN MANDATORY ONE PERCENT FEDERAL DEFAULT FEES (FDF) OTHERWISE DUE FROM THE STUDENT BORROWERS, BRINGING THE TOTAL FUNDED BY TG ON BEHALF OF ITS BORROWERS SINCE FDF'S IMPOSITION BY THE FEDERAL GOVERNMENT IN 2006 TO $235 MILLION. FORM 990, PART III, LINE 4B: CLAIMS - TG PROCESSES DEFAULT CLAIMS SUBMITTED BY LENDERS THAT HAVE BEEN UNSUCCESSFUL IN TRANSITIONING BORROWERS WITH DELINQUENT LOANS BACK INTO REPAYMENT. WHEN LENDERS MAKE CLAIMS ON TG-GUARANTEED LOANS, TG VERIFIES THE LENDER'S COMPLIANCE WITH FFEL PROGRAM REQUIREMENTS, AND, IF VALID, MANAGES THE PURCHASE OF THE LOAN FROM THE LENDER. IT IS AT THAT TIME THAT THE LOAN ENTERS TG'S PORTFOLIO FOR COLLECTION. IN FY10, TG PROCESSED A RECORD NUMBER, 124,000 CLAIMS TOTALING APPROXIMATELY $818 MILLION. FORM 990, PART III, LINE 4C: CUSTOMER SERVICE - TG PROVIDES SERVICES TO ASSIST STUDENTS AND FAMILIES AT ALL STAGES IN THE HIGHER EDUCATION EXPERIENCE. TG DELIVERS SOLUTIONS TO THOSE WHO ARE CONSIDERING THE HIGHER EDUCATION PATH, ATTENDING COLLEGE AND MANAGING LOAN REPAYMENT. TG STRIVES TO CONNECT STUDENTS WITH SUCCESS AT EVERY TURN. TO ACCOMPLISH THIS, TG HAS PARTNERED WITH STATE AGENCIES TO PROMOTE THE VALUE OF HIGHER EDUCATION AND TO INFORM STUDENTS AND FAMILIES ON AVAILABLE FINANCIAL AID OPTIONS. TG IS AN ACTIVE PLAYER IN THE HIGHER EDUCATION COMMUNITY'S EFFORTS TO CLOSE THE GAPS IN STUDENT AWARENESS, PARTICIPATION AND SUCCESS. IN FY10 TG LAUNCHED A FINANCIAL LITERACY PROGRAM THAT STATE EDUCATORS CAN USE TO DELIVER MONEY MANAGEMENT INSTRUCTION TO SECONDARY AND POSTSECONDARY STUDENTS IN TEXAS AND ELSEWHERE IN THE NATION. EACH YEAR, TG PROVIDES ASSISTANCE UNDER THE CHARLEY WOOTAN GRANT PROGRAM TO STUDENTS WHO HAVE DIFFICULTY PURSUING THEIR HIGHER EDUCATION DREAMS BECAUSE OF FINANCIAL NEED. IN ADDITION TO THE $4.6 MILLION DISTRIBUTED IN WOOTAN GRANTS, TG AWARDED $5.6 MILLION IN COMPETITIVE GRANTS TO 50 INSTITUTIONS AND NON-PROFITS TO ADVANCE ACCESS TO COLLEGE, STUDENT RETENTION, AND EDUCATIONAL RESEARCH. TG ALSO ASSISTS SCHOOLS, LENDERS AND SERVICERS IN MANAGING THEIR FFELP PORTFOLIOS BY SHARING ITS KNOWLEDGE AND EXPERTISE IN POLICY AND PROGRAM COMPLIANCE AS WELL AS ASSISTING IN THE TRANSITION TO THE DIRECT LOAN PROGRAM BY DEVELOPING INDUSTRY-LEADING TRAINING AND TRANSITION SUPPORT MATERIALS. FORM 990, PART III, LINE 4D: OTHER PROGRAMS CONSIST OF COLLECTIONS AND DEFAULT PREVENTION, WHICH ARE SIGNIFICANT COMPONENTS OF TG'S BUSINESS. COLLECTIONS - UPON DEFAULT CLAIM PAYMENT, TG IS STATUTORILY REQUIRED TO PURSUE COLLECTION EFFORTS ON BEHALF OF THE FEDERAL GOVERNMENT ON ALL TG-GUARANTEED STUDENT LOANS. TG WORKS WITH BORROWERS TO FIND THE BEST OPTION FOR THEM IN RESOLVING THEIR DEFAULT. OF PARTICULAR SUCCESS IS THE REHABILITATION PROGRAM IN WHICH BORROWERS HAVE THE OPPORTUNITY TO RESTORE THEIR CREDIT BY MAKING NINE RECURRING, SCHEDULED MONTHLY PAYMENTS ON THEIR STUDENT LOAN. WITH THE ASSISTANCE OF TG'S COLLECTIONS DIVISION, 72.5% OF BORROWERS ENTERING REHABILITATION DURING THE YEAR WERE ABLE TO SUCCESSFULLY COMPLETE THE PROGRAM. IN FY10, TG COLLECTED APPROXIMATELY $556 MILLION ON DEFAULTED STUDENT LOANS. DEFAULT PREVENTION - TG WORKS WITH STUDENT LOAN BORROWERS, LENDERS, SERVICERS, AND SCHOOLS TO HELP PREVENT DEFAULT THROUGHOUT THE STUDENT LOAN INDUSTRY. CONSISTING OF DEFAULT PREVENTION COUNSELORS AND OTHER SUPPORT STAFF, TG WORKS TO HELP BORROWERS RESOLVE LOANS THAT HAVE ENTERED DELINQUENCY, AND; HELPS HIGHER EDUCATION INSTITUTIONS MANAGE DEFAULT, A CONSIDERATION FOR MAINTAINING ELIGIBILITY TO PARTICIPATE IN FEDERAL STUDENT LOAN PROGRAMS. IN FY10, TG AVERTED $4.8 BILLION IN POTENTIAL STUDENT LOAN DEFAULTS AND PROVIDED DEFAULT PREVENTION AND FINANCIAL LITERACY TRAINING AND RELATED SERVICES TO OVER 5,000 STUDENTS AND 1,500 CAMPUS ADMINISTRATORS. ELECTION OF MEMEBERS OF THE GOVERNING BODY FORM 990, PART VI, SECTION A, LINE 7A THE BOARD OF DIRECTORS IS APPOINTED BY THE GOVERNOR OF THE STATE OF TEXAS. PROCESS OF REVIEWING THE 990 FORM 990, PART VI, SECTION B, LINE 11A TG'S ACCOUNTING DEPARTMENT WORKS WITH ITS CPA FIRM TO PREPARE THE 990. ONCE A FINAL DRAFT IS AVAILABLE, IT IS SUBMITTED TO EXECUTIVE MANAGEMENT (INCLUDING THE CFO) FOR REVIEW. ONCE ALL QUESTIONS HAVE BEEN RESOLVED, THE RETURN, IN ITS FINAL FORM, IS PRESENTED TO THE TG BOARD OF DIRECTORS; AT WHICH TIME MANAGEMENT WILL HIGHLIGHT SIGNIFICANT SECTIONS OF THE RETURN AND ANSWER ANY QUESTIONS THAT MAY ARISE. ENFORCEMENT OF CONFLICT OF INTERST POLICY FORM 990, PART VI, SECTION B, LINE 12C TG'S CODE OF BUSINESS CONDUCT IS A POLICY WHICH ALL EMPLOYEES, OFFICERS AND DIRECTORS MUST AGREE TO. WITHIN THE CODE OF BUSINESS CONDUCT, MANAGERS, KEY EMPLOYEES, OFFICERS AND DIRECTORS ARE REQUIRED TO DISCLOSE ANY BUSINESS INTERESTS OUTSIDE OF TG, AND REAFFIRM EACH YEAR. TG'S LEGAL COUNSEL PROACTIVELY REVIEWS AND ACTS ON POTENTIAL CONFLICTS. ACTUAL CONFLICTS, SHOULD THEY OCCUR, MAY RESULT IN DISCIPLINARY ACTION, UP TO AND INCLUDING TERMINATION AND POSSIBLE CRIMINAL PROSECUTION. TG TEAM MEMBERS ARE REQUIRED TO COMPLETE PERIODIC TRAINING AS IT RELATES TO TG'S CODE OF BUSINESS CONDUCT. COMPENSATION DETERMINATION PROCESS FORM 990, PART VI, SECTION B, LINE 15A & 15B PART VI, LINE 15A: TEXAS GUARANTEED STUDENT LOAN CORP (TG) CONTRACTS WITH A THIRD PARTY CONSULTANT TO PROVIDE BENCHMARK DATA FOR TG EMPLOYEES AND OFFICERS, INCLUDING ANNUAL COMPENSATION STUDIES WHICH ARE PRESENTED TO THE TG BOARD OF DIRECTORS FOR THEIR REVIEW. THE THIRD PARTY COMPENSATION CONSULTANTS USE COMPENSATION DATA FOR SIMILARLY QUALIFIED PERSONS IN COMPARABLE POSITIONS FOR BOTH OFFICERS AND KEY EMPLOYEES AT SIMILAR ORGANIZATIONS. DOCUMENTATION TO SUPPORT BENCHMARK DECISIONS REGARDING COMPENSATION ARRANGEMENTS FOR ALL EMPLOYEES IS RETAINED. THE OFFICER AND EMPLOYEE POSITIONS FOR WHICH THE BENCHMARKING PROCESS IS USED TO ESTABLISH COMPENSATION OCCURS ANNUALLY. PART VI, LINE 15B: COMPENSATION PROCESS FOR OFFICERS TG FOLLOWS THE SAME PROCEDURE AS LISTED IN FORM 990, PART VI, SECTION B, LINE 15A. DISCLOSURE OF DOCUMENTS Form 990, Part VI, Section C, line 18 TG'S CODE OF BUSINESS CONDUCT, AS WELL AS ITS ANNUAL REPORT, IS AVAILABLE TO ALL EMPLOYEES AND THE GENERAL PUBLIC VIA TG'S WEBSITE, WWW.TGSLC.ORG, OR UPON REQUEST. GENERAL STATEMENT 3 FORM 990, PART VII, SECTION B: INDEPENDENT CONTRACTORS NAME AND ADDRESS DESCRIPTION OF SERVICES COMPENSATION ----------------------------------------------------------------- ACCOUNT CONTROL TECH. DEBT COLLECTOR 3,097,123. 6918 OWENSMOUTH AVE. CANOGA PARK, CA 91309 C&T CONSULTING IT PROGRAMMING 2,514,073. 8140 N MOPAC AUSTIN, TX 78759 GENERAL REVENUE CORP DEBT COLLECTOR 2,005,261. 11501 NORTHLAKE PL CINCINNATI, OH 45249 WINDHAM PROFESSIONALS DEBT COLLECTOR 1,696,884. 380 MAIN ST SALEM, NH 03079 ALLIED CONSULTANTS IT PROGRAMMING 1,053,297. 1304 W AVE AUSTIN, TX 78701 ---------------- TOTAL COMPENSATION 10,366,638. ---------------- EDUCATION ASSISTANCE SERVICES INC PO BOX 6714 ROUND ROCK TX 78683 742748786 COLLECTION AGENCY TX C 620365 772644 1.00000 true true false false false true false false true false true false false true false false false false EDUCATION ASSISTANCE SERVICES INC A, I 37887 EDUCATION ASSISTANCE SERVICES INC B 1642475 EDUCATION ASSISTANCE SERVICES INC F 6625 EDUCATION ASSISTANCE SERVICES INC K, N 238973