2011-11-14T14:31:12-06:00 2010-12-31 BDO USA LLP 1001 Morehead Square Drive Ste 300 Charlotte NC 28203 990 2010-01-01 621586836 Educational Services of America Inc EDUC 8653425120 104 N Seven Oaks Drive Knoxville TN 37922 Bill Thompson 2011-11-15 true Ralph A Boscia 7048874236 2010 2016-02-24 21:20:13Z JOHN ARNOLD 104 N SEVEN OAKS DRIVE KNOXVILLE TN 37922 65991405 false X www.edsouthservices.org X 1994 TN Provides Funding For Educational Loans 4 2 24 0 0 0 0 60269419 57519184 4207299 5245860 2337531 3122699 66814249 65887743 1927745 1310874 0 0 813602 1532779 0 0 0 54638205 63089410 57379552 65933063 9434697 -45320 1292720616 1253729318 1058274566 1055691139 234446050 198038179 PROVIDES FUNDING FOR EDUCATIONAL LOANS false false 49774040 57519184 ESA IS A FULLY OPERATING CHARITABLE ORGANIZATION THAT OBTAINS STUDENT LOANS FOR STUDENTS. IT ALSO CONDUCTS AND MAINTAINS CHARITABLE PROGRAMS THAT PROVIDE STUDENTS WITH THE OPPORTUNITY TO OBTAIN A POST-SECONDARY EDUCATION, SCHOLARHIP SEARCHES, AND FINANCIAL LITERACY. 809319 THE STUDENT OUTREACH PROGRAM PROVIDES MIDDLE SCHOOL AND HIGH SCHOOL STUDENTS AND THEIR FAMILIES RESOURCES AND TOOLS TO ASSIST WITH COLLEGE AND CAREER PLANNING. THE PROGRAM HELPS STUDENTS AND THEIR FAMILIES PLAN FOR THE COST OF HIGHER EDUCATION BY EXPLAINING VARIOUS OPTIONS AND SOURCES FOR FUNDING. STUDENTS IN MIDDLE SCHOOL THROUGH THEIR SOPHOMORE YEAR IN COLLEGE ARE ELIGIBLE IN TENNESSEE FOR TESTING TO DETERMINE POST SECONDARY EDUCATION PROGRAMS. 1310874 THE EDSCHOLAR PROGRAM PROVIDES SCHOLARSHIPS TO STUDENTS WHO DEMONSTRATE, THROUGH AN APPLICATION PROCESS, ACADEMIC ACHIEVEMENT, FINANCIAL NEED, AND INVOLVEMENT IN COMMUNITY SERVICES. DURING 2010, THE EDSCHOLAR PROGRAM AWARDED $1,310,874 IN SCHOLARSHIPS TO 328 STUDENTS. 51894233 true false false false false false false false false false true false false false false false false true false false false false false false false false false false true true false false false false false false false false false false false false true true true false false false true 0 0 24 true false false false false false false false false false false X 4 2 false false false false false false false true true false false true true true true false false true true false X X BILL THOMPSON 8653425119 104 N SEVEN OAKS DRIVE KNOXVILLE TN 37922 John Arnold 60.0 X X 473375 0 16500 Leo Cooper 1.0 X 0 0 0 Dwight Kessel 1.0 X 0 0 0 Tommy Schumpert 15.0 X 87500 0 0 Connie Gibson 50.0 X 113311 0 5089 Bill Thompson 50.0 X X 244650 0 9743 Greg Sawyers 40.0 X 28105 0 0 946941 0 31332 3 false true false BDO USA LLP 1001 Morehead Square Drive Suite 3 CHARLOTTE NC 28203 Accounting services 590358 Kuder Inc 302 Visions Pky ADEL IA 50003 Software Support 426000 Edfinancial Services LLC Loan Servicing 1476511 Blue Cross Blue Shield PO Box 180172 CHATTANOOGA TN 37401 Insurance 206594 K Williams Coley 4 Bradford Square JACKSON TN 38305 Consulting services 209328 5 0 INTEREST & FEES ON STUDENT LOANS 522200 68511135 68511135 GAIN ON SALE OF STUDENT LOANS 522200 -10991951 -10991951 57519184 315800 315800 0 0 1151669 103662 1048007 1048007 4930060 0 0 0 MISCELLANEOUS INCOME 900099 2074692 2074692 2074692 65887743 57519184 2390492 0 1310874 1310874 0 0 978272 763052 215220 0 337278 263077 74201 42377 33054 9323 106226 82856 23370 68626 53528 15098 237328 185116 52212 54345 42389 11956 615564 480141 135423 0 0 0 0 433533 338156 95377 51993 40555 11438 0 0 152016 118572 33444 83189 64887 18302 0 8497 6628 1869 57564418 44900246 12664172 0 581820 453820 128000 102478 79933 22545 LOAN SERVICING & P&A FEES 1469382 1146118 323264 OUTREACH COMMUNITY EDUCATION 809319 809319 FINANCIAL ADVISORY FEES 29338 22884 6454 LOAN LOSS RESERVE 80000 62400 17600 TRUSTEE FEES 21250 16575 4675 794940 620053 174887 65933063 51894233 14038830 0 105000 35707 82564664 143206546 1056781671 1049149011 37014259 1532807 244222 233328 18504101 3333190 15286358 15170911 51091677 15053737 49632765 29347271 1292720616 1253729318 6208117 27888773 1052066449 1027802366 1058274566 1055691139 X 234446050 198038179 234446050 198038179 1292720616 1253729318 X -45320 -36362551 X X false true true X false X false false false 2897641 84311896 94345258 60269419 57519184 299343398 2897641 84311896 94345258 60269419 57519184 299343398 299343398 4741623 9477671 12501237 5557953 6410029 38688513 4741623 9477671 12501237 5557953 6410029 38688513 135411 129408 120374 1076149 827461 2288803 7774675 93918975 106966869 66903521 64756674 340320714 0.87959 0.89163 0.11368 0.10338 X 2702054 2702054 13053945 2074642 10979303 1890637 891043 999594 857465 367505 489960 15170911 schedule d, part x the organization adopted FIN 48 as of January 1, 2009. the organization did not have any significant uncertain tax positions as of December 31, 2010 and adoption of the accounting standard did not have a material impact on the consolidated financial statements. true Various Scholarships - Privacy Protected Info 328 1310874 0 N/A N/A form 990, schedule i description of organization's procedures for monitoring the use of grants: the edscholar program provides scholarships to students who demonstrate, through an application process, academic achievement, financial need, and involvement in community service. during 2010, the edscholar program awarded $1,310,874 in scholarships. X true true X X X X X false false false false false false false false false John Arnold 379843 0 93532 0 0 0 16500 0 0 0 489875 0 0 0 Bill Thompson 203650 0 41000 0 0 0 9743 0 0 0 254393 0 0 0 part vi, section b, line 12c all employees are required to sign a conflict of interest statement each year stating that there are no duties or responsibilities that are mutually incompatible or that there are no direct or indirect financial interests. if a potential activity is in question or an employee in doubt, they should discuss with their department manager, the president, or chairman of the board. if the board of directors has reasonable cause to believe that a director, officer, or an employee has failed to disclose an actual or possible conflict of interest, it shall inform the director or officer of the basis for such belief and afford the director, officer, or employee an opportunity to explain the alleged failure to disclose. if it is determined that the director, officer, or employee has in fact failed to disclose an actual or possible conflict of interest, the board of directors shall consider appropriate disciplinary and corrective action. if a conflict is found to exist or is otherwise disclosed, the relevant board member is precluded from voting and prohibited from influencing the vote on any matter to which the conflict relates. part vi, section b, line 13 esa employee conduct and work rules (code) require directors, officers, and employees to observe high standards of business and personal conduct in their duties and responsibilities. it is the responsibility of all directors, officers, and employees to comply with the code and to report violations or suspected violations in accordance with the whistleblower policy. no director, officer, or employee who in good faith reports a violation of the code shall suffer harrassment, retaliation, or adverse employment consequence. the code addresses reporting violations and handling of reported violation. part vi, section b, line 15a & 15b 15(a) - the board of directors uses outside independent consultants in determining the compensation for the executive officers. a compensation committee comprised of independent members of the board of directors uses the compensation information from outside consultants in determining compensation. The full board then receives a report from the compensation committee and approves or amends compensation based on this report. executive management also evaluates performance of other officers and key employees in connection with market factors to adjust compensation. 15(b) - Controller - compensation is determined based on a comparison of the regional salary levels and following an evaluation by the ceo based on performance during the previous year. part vi, section c, line 19 esa provides copies of its governing documents, conflict of interest policy, and financial statements upon request at our office location. part vi, section b, line 11 The form 990 is reviewed by the cfo and ceo of esa prior to being filed with the irs. a final copy of the 990 is provided to each board member prior to it being filed. part xi, line 5 Elimination of SMLLC net assets that were included in prior year net assets. Edsouth Funding LLC 104 N Seven Oaks Drive Knoxville TN 37922 999999999 Student loans TN -13101489 8473834 NA Edsouth Conduit Funding LLC 104 N Seven Oaks Drive Knoxville TN 37922 999999999 Student loans TN 8641699 829620699 NA Edsouth Indenture #1 LLC 104 N Seven Oaks Drive Knoxville TN 37922 999999999 Student loans TN 2377299 226830269 NA Edbancorp Inc 104 N Seven Oaks Drive Knoxville TN 37922 262930965 Commercial bank TN NA C Corp 1591202 15127501 1.00000 The Community Bank of the Cumberlands I PO box 696 jamestown TN 38556 621834541 Commercial bank TN Edbancorp Inc C Corp -692358 121751067 1.00000 Community Investments of the Cumberlands 744 south willow avenue cookeville TN 38501 205618849 Banking investmen TN Edbancorp Inc C Corp 0 0 1.00000 false false false false false false false false false false false false false false false false false false