Civic Intelligence

Granite State Management and Resources

990 • Fiscal year 2015 • EIN 02-0404239

Oct 01, 2014 to Sep 30, 2015 • Filed on Feb 10, 2016

Organization Profilewww.gsmr.org

View Organization Page

4 Barrell Court PO Box 2087Concord, NH 03302-2087

(603) 225-5867

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

31st percentile

0.10x

Higher debt load relative to assets than 31% of similar nonprofits.

2015 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2015

Liabilities / Revenue

43rd percentile

0.25x

Higher debt load relative to revenue than 43% of similar nonprofits.

2015 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2015

Net Margin

11th percentile

-14%

Higher net margin than 11% of similar nonprofits.

2015 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2015

Top Officer Pay

87th percentile

$601,667

Higher top officer pay than 87% of similar nonprofits.

Top officer pay equals 3.4% of source-year revenue.

2015 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2015

Asset Growth

12th percentile

-6.7%

Faster asset growth than 12% of similar nonprofits.

2015 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2014 to 2015

Revenue Growth

21st percentile

-7.0%

Faster revenue growth than 21% of similar nonprofits.

2015 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets31st percentile

Assets

Down

$43,471,799

Down $3,142,538 (-6.7%) from 2014

Net Assets

Down

$39,059,310

Down $4,100,441 (-9.5%) from 2014

Liabilities

Up

$4,412,489

Up $957,903 (+28%) from 2014

Revenue And Expenses
Liabilities / Revenue43rd percentileNet Margin11th percentile

Revenue

Down

$17,649,631

Down $1,329,609 (-7.0%) from 2014

Expenses

Up

$20,075,662

Up $768,217 (+4.0%) from 2014

Net Income

Down

-$2,426,031

Down $2,097,826 (-639%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth12th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$60M$40M$20M$0Assets 2010: $45,670,412Liabilities 2010: $5,850,847Net Assets 2010: $39,819,5652010Assets 2011: $43,821,545Liabilities 2011: $3,982,136Net Assets 2011: $39,839,4092011Assets 2012: $47,053,579Liabilities 2012: $4,202,426Net Assets 2012: $42,851,1532012Assets 2013: $47,698,308Liabilities 2013: $4,389,687Net Assets 2013: $43,308,6212013Assets 2014: $46,614,337Liabilities 2014: $3,454,586Net Assets 2014: $43,159,7512014Assets 2015: $43,471,799Liabilities 2015: $4,412,489Net Assets 2015: $39,059,3102015Assets 2016: $43,195,666Liabilities 2016: $5,051,160Net Assets 2016: $38,144,5062016Assets 2017: $44,601,259Liabilities 2017: $5,498,575Net Assets 2017: $39,102,6842017Assets 2018: $44,165,455Liabilities 2018: $5,483,669Net Assets 2018: $38,681,7862018Assets 2019: $46,001,608Liabilities 2019: $5,253,590Net Assets 2019: $40,748,0182019Assets 2020: $0Liabilities 2020: $0Net Assets 2020: $02020

Highlighted filing

2015

Assets$43,471,799
Liabilities$4,412,489
Net Assets$39,059,310
Open 2015 Filing

Operations Trend

Revenue Growth21st percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$30M$20M$10M$0-$10MExpenses 2010: $21,517,9702010Expenses 2011: $17,323,4252011Expenses 2012: $15,956,9782012Revenue 2013: $20,586,505Expenses 2013: $20,550,594Net Income 2013: $35,9112013Revenue 2014: $18,979,240Expenses 2014: $19,307,445Net Income 2014: -$328,2052014Revenue 2015: $17,649,631Expenses 2015: $20,075,662Net Income 2015: -$2,426,0312015Revenue 2016: $17,456,150Expenses 2016: $20,021,276Net Income 2016: -$2,565,1262016Revenue 2017: $20,187,218Expenses 2017: $20,819,029Net Income 2017: -$631,8112017Revenue 2018: $27,601,298Expenses 2018: $22,851,118Net Income 2018: $4,750,1802018Revenue 2019: $27,392,450Expenses 2019: $25,009,344Net Income 2019: $2,383,1062019Revenue 2020: $15,096,637Expenses 2020: $14,117,900Net Income 2020: $978,7372020

Highlighted filing

2015

Revenue$17,649,631
Expenses$20,075,662
Net Income-$2,426,031
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2014 to Sep 30, 2015
Signed
Feb 10, 2016
Return Version
2014v6.0
Gross Receipts
$28,446,371
Mission and Program Overview

Mission

Administrator/servicer of student loans

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$38,573,911$36,343,680▼ $2,230,231
Land, Buildings, and Equipment, Net$5,252,848$4,809,557▼ $443,291
Accounts Receivable$1,211,964$1,190,440▼ $21,524
Savings and Temporary Cash Investments$1,180,094$868,830▼ $311,264
Prepaid Expenses and Deferred Charges$254,472$140,648▼ $113,824
Total Assets$46,614,337$43,471,799▼ $3,142,538
Other Assets Total$141,048$118,644▼ $22,404
Liabilities
Accounts Payable and Accrued Expenses$2,454,586$3,412,489▲ $957,903
Other Liabilities$1,000,000$1,000,000→ $0
Total Liabilities$3,454,586$4,412,489▲ $957,903
Net Assets / Fund Balance
Unrestricted Net Assets$43,159,751$39,059,310▼ $4,100,441
Total Net Assets Fund Balance$43,159,751$39,059,310▼ $4,100,441
Total Liabilities and Net Assets / Fund Balance$46,614,337$43,471,799▼ $3,142,538

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,124,434$5,809,616$8,934,050
Equipment$997,536$3,413,708$4,411,244
Land$687,587-$687,587
Compensation and Service Providers
Top Officer Pay87th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Rene A DrouinPresident & CEOPT$360,430$172,331$532,761
Dean A GrondinVice President & CFOPT$195,923$37,299$233,222
Jason GoldenVP & CIO/COOFT$175,879$42,735$218,614
Christine B WilliamsSVP, Servicing OperationsFT$155,679$24,991$180,670
Kristine J BelleroseVP, Human ResourcesFT$121,703$35,821$157,524
Robert D WoodburnVP Information ServicesFT$121,548$21,634$143,182
Tony J McBeeVP, Info ServicesFT$120,458$15,616$136,074
Michael D LevasseurVP ComplianceFT$119,016$6,730$125,746

Board Members and Trustees

NameTitle
Cornelius JoyceChair
Anthony ChismarkVice Chair
Brad PoznanskiTrustee
Clinton Hanson JrTrustee
Gerald LittleTrustee
Robert TuvesonTrustee
Thomas HorganSecretary
Charles RolecekTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Nelnet ServicingLoan servicingPO Box 82561, Lincoln, NE 68501$1,683,884
Baker Newman NoyesAuditing/Tax servicesPO Box 507, Portland, ME 04112$245,403
FH Cann & Associates IncCollections ServicesSuite 2/120 1600 Osgood Street, North Andover, MA 01845$107,288
Sungard Availability ServicesDisaster recovery services9123 Collection Center Drive, Chicago, IL 60693$102,000
Revenue and Support

Revenue Composition

Contributions and Grants
$25,500
Program Service Revenue
$15,614,788
Investment Income
$1,690,463
Other Revenue
$318,880
All Other Contributions
$25,500
Change in Net Assets
$-2,426,031

Audited Revenue Reconciliation

Revenue per Audited Statements
$17,649,631
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$-1,674,410
Total Revenue per Audited Statements
$15,975,221
Total Revenue per Form 990
$17,649,631
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$13,151,163
Other Expenses$6,861,999
Grants and Similar Amounts Paid$62,500
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$8,817,710$367,405-$9,185,115
Information Technology$1,972,624$57,728-$2,030,352
Other Employee Benefits$1,686,812$297,673-$1,984,485
Office Expenses$1,345,179$149,463-$1,494,642
Depreciation Depletion$882,001$220,500-$1,102,501
Current Officers, Directors, Trustees, and Key Employees-$984,598-$984,598
Payroll Taxes$620,648$109,526-$730,174
Occupancy$465,569$116,392-$581,961
All Other Expenses$479,084$101,196-$580,280
Fees for Services Accounting-$288,403-$288,403
Pension Plan Contributions$213,433$53,358-$266,791
Advertising$197,208$17,148-$214,356
Insurance$134,303$57,559-$191,862
Fees for Services Legal-$140,776-$140,776
Fees for Service Investment Mgmnt Fees$82,876$55,251-$138,127
Travel$78,991$19,748-$98,739
Grants to Domestic Individuals$62,500--$62,500
Total Functional Expenses$17,038,938$3,036,724$0$20,075,662

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$20,075,662
Total Expenses per Audited Statements$20,075,662
Total Expenses per Form 990$20,075,662
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Reserve for loan losses$1,000,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, line 11

“A copy of the Form 990 was emailed to the board before filing. Board members had the opportunity to review the form and ask questions or request clarifications.”

Form 990, Part VI, Section B, line 12C

“Any conflicts of interest revealed in the annual survey or at any time throughout the year are addressed promptly and appropriately.”

Form 990, Part VI, Section B, line 15

“An on-going internal review of salaries is conducted by Human Resources Management using salary surveys from local and national resources to compare salaries for positions in the organization to local market data. The compensation structure is adjusted based on the results of these reviews. An independent consultant completed the Affirmative Action Plan, which included a review of salary and hiring practices to ensure nondiscrimination. For CEO compensation, the independent compensation consultant conducted an independent review of CEO salaries as it relates to organizations of GSM&R's size, structure, and composition of assets. The firm then indicated its opinion of the CEO's compensation package to the Chairman of the Board of GSM&R as well as the Chairman of the Compensation committee.”

Form 990, Part VI, Section C, line 19

“The organization will make its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Granite State Management and Resources
EIN
02-0404239
Phone
6032255867
Address
4 Barrell Court PO Box 2087, Concord, NH 03302-2087

Signing Officer

Name
Rene a Drouin
Title
President & CEO
Phone
6032255867
Signed
2016-02-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Rene A Drouin
Formed
1986
Legal Domicile
Nh
Voting Board Members
8
Independent Board Members
8
Employees
225
Volunteers
8

Preparer

Firm
Baker Newman & Noyes
Address
PO Box 507, Portland, ME 04112
Preparer
E Drew Cheney
Phone
2078792100
Supplemental Narrative

Financial Statement Notes

Part X, Line 2:

“The Company has received a determination letter from the Internal Revenue Service (IRS) stating that it qualifies for tax-exempt status under Section 501(c)(3) of the Internal Revenue Code (the Code). Accordingly, no provision for income taxes has been included in the financial statements. Tax-exempt organizations could be required to record an obligation for income taxes as the result of a tax position they have historically taken on various tax exposure items including unrelated business income or tax status. Under guidance issued by the Financial Accounting Standards Board, assets and liabilities are established for uncertain tax positions taken or positions expected to be taken in income tax returns when such positions are judged to not meet the "more-likely-than-not" threshold, based upon the technical merits of the position. Estimated interest and penalties, if applicable, related to uncertain tax positions are included as a component of income tax expense. The Company has evaluated the positions taken on its filed tax returns. The Company has concluded no uncertain income tax positions exist at September 30, 2015 or 2014. The Company's tax years after 2011 are open and subject to examination.”

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10181511
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt11162896
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt12124803
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt13120458
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt14121548
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt15119016
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt868906
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/TitleTxt0Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt1Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt2Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt3Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt4Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt5Vice Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt6Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt7Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt8President & CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt9Vice President & CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt10VP & CIO/COO
IRS990/Form990PartVIISectionAGrp/TitleTxt11SVP, Servicing Operations
IRS990/Form990PartVIISectionAGrp/TitleTxt12VP, Human Resources
IRS990/Form990PartVIISectionAGrp/TitleTxt13VP, Info Services
IRS990/Form990PartVIISectionAGrp/TitleTxt14VP Information Services
IRS990/Form990PartVIISectionAGrp/TitleTxt15VP Compliance
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01986
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/SecuritiesAmt0743678
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt08
IRS990/GrantAmt062500
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt062500
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt062500
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt011540418
IRS990/GrossReceiptsAmt028446371
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt08
IRS990/IndivRcvdGreaterThan100KCnt018
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt057728
IRS990/InformationTechnologyGrp/ProgramServicesAmt01972624
IRS990/InformationTechnologyGrp/TotalAmt02030352
IRS990/InsuranceGrp/ManagementAndGeneralAmt057559
IRS990/InsuranceGrp/ProgramServicesAmt0134303
IRS990/InsuranceGrp/TotalAmt0191862
IRS990/InvestmentIncomeGrp/ExclusionAmt0946785
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0946785
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt038573911
IRS990/InvestmentsPubTradedSecGrp/EOYAmt036343680
IRS990/IRPDocumentCnt047792
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt09223324
IRS990/LandBldgEquipBasisNetGrp/BOYAmt05252848
IRS990/LandBldgEquipBasisNetGrp/EOYAmt04809557
IRS990/LandBldgEquipCostOrOtherBssAmt014032881
IRS990/LegalDomicileStateCd0NH
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt010796740
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MiscellaneousRevenueGrp/RelatedOrExemptFuncIncomeAmt0318880
IRS990/MiscellaneousRevenueGrp/TotalRevenueColumnAmt0318880
IRS990/MissionDesc0Administrator/servicer of student loans
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt043159751
IRS990/NetAssetsOrFundBalancesEOYAmt039059310
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0743678
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0743678
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-1674410
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt0116392
IRS990/OccupancyGrp/ProgramServicesAmt0465569
IRS990/OccupancyGrp/TotalAmt0581961
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0149463
IRS990/OfficeExpensesGrp/ProgramServicesAmt01345179
IRS990/OfficeExpensesGrp/TotalAmt01494642
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0141048
IRS990/OtherAssetsTotalGrp/EOYAmt0118644
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0297673
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt01686812
IRS990/OtherEmployeeBenefitsGrp/TotalAmt01984485
IRS990/OtherLiabilitiesGrp/BOYAmt01000000
IRS990/OtherLiabilitiesGrp/EOYAmt01000000
IRS990/OtherRevenueTotalAmt0318880
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0367405
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt08817710
IRS990/OtherSalariesAndWagesGrp/TotalAmt09185115
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0109526
IRS990/PayrollTaxesGrp/ProgramServicesAmt0620648
IRS990/PayrollTaxesGrp/TotalAmt0730174
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt053358
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0213433
IRS990/PensionPlanContributionsGrp/TotalAmt0266791
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0254472
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0140648
IRS990/PrincipalOfficerNm0Rene A Drouin
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0561000
IRS990/ProgramServiceRevenueGrp/BusinessCd1561000
IRS990/ProgramServiceRevenueGrp/Desc0Service fees
IRS990/ProgramServiceRevenueGrp/Desc1Contracted services
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt012698888
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt12915900
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt012698888
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt12915900
IRS990/ProgSrvcAccomActy2Grp/Desc0Service education loan programs
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt013869696
IRS990/ProgSrvcAccomActy2Grp/GrantAmt00
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt012746934
IRS990/ProgSrvcAccomActy3Grp/Desc0Administer the loan origination program for NH Higher Education Loan Corporation
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt01039375
IRS990/ProgSrvcAccomActy3Grp/GrantAmt00
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt01115357
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt022000
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt085250
IRS990/PYInvestmentIncomeAmt02965409
IRS990/PYOtherExpensesAmt06408208
IRS990/PYOtherRevenueAmt010121
IRS990/PYProgramServiceRevenueAmt015981710
IRS990/PYRevenuesLessExpensesAmt0-328205
IRS990/PYSalariesCompEmpBnftPaidAmt012813987
IRS990/PYTotalExpensesAmt019307445
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt018979240
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-2426031
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt02071377
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01180094
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0868830
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt025500
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt022000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0870737
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0920115
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0829568
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt02667920
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0946785
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt01029084
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt01112887
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt01145874
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt01062729
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt05297359
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt015993668
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt015991831
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt018051282
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt014802965
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt015927088
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt080766834
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0946785
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt01029084
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt01112887
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt01145874
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt01062729
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt05297359
IRS990ScheduleA/InvestmentIncomeCYPct00.05970
IRS990ScheduleA/InvestmentIncomePYPct00.05730
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.94030

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Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$43,471,799
Liabilities
$4,412,489
Net assets
$39,059,310
Revenue
$17,649,631
Expenses
$20,075,662
Net income
-$2,426,031
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2020Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$15.1$14.1$0.98
2019Detailed filing. Detailed filing data is available for this year.$46.0$5.25$40.7$27.4$25.0$2.38
2018Detailed filing. Detailed filing data is available for this year.$44.2$5.48$38.7$27.6$22.9$4.75
2017Detailed filing. Detailed filing data is available for this year.$44.6$5.50$39.1$20.2$20.8$0.63
2016Detailed filing. Detailed filing data is available for this year.$43.2$5.05$38.1$17.5$20.0$2.57
2015Detailed filing. Detailed filing data is available for this year.$43.5$4.41$39.1$17.6$20.1$2.43
2014Detailed filing. Detailed filing data is available for this year.$46.6$3.45$43.2$19.0$19.3$0.33
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$47.7$4.39$43.3$20.6$20.6$0.04
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$47.1$4.20$42.9$16.0
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$43.8$3.98$39.8$17.3
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$45.7$5.85$39.8$21.5