Civic Intelligence

Massachusetts Higher Education Assistance Corporation

990 • Fiscal year 2018 • EIN 04-2254705

Jul 01, 2017 to Jun 30, 2018 • Filed on Jan 29, 2019

Organization ProfileWWW.ASA.ORG

View Organization Page

33 Arch Street No 2100Boston, MA 02110

(617) 728-4549

Siviq Scores

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

Liabilities / Assets

14th percentile

0.05x

Higher debt load relative to assets than 14% of similar nonprofits.

2018 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2018

Liabilities / Revenue

27th percentile

0.28x

Higher debt load relative to revenue than 27% of similar nonprofits.

2018 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2018

Net Margin

87th percentile

30%

Higher net margin than 87% of similar nonprofits.

2018 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2018

Top Officer Pay

19th percentile

$418,449

Higher top officer pay than 19% of similar nonprofits.

Top officer pay equals 0.3% of source-year revenue.

2018 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2018

Asset Growth

75th percentile

8.8%

Faster asset growth than 75% of similar nonprofits.

2018 filings • 501(c)3 • $250M-$1B nonprofits • Annualized from 2017 to 2018

Revenue Growth

9th percentile

-16%

Faster revenue growth than 9% of similar nonprofits.

2018 filings • 501(c)3 • $250M-$1B nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets14th percentile

Assets

Up

$638,276,258

Up $51,632,816 (+8.8%) from 2017

Net Assets

Up

$604,014,418

Up $68,192,883 (+13%) from 2017

Liabilities

Down

$34,261,840

Down $16,560,067 (-33%) from 2017

Revenue And Expenses
Liabilities / Revenue27th percentileNet Margin87th percentile

Revenue

Down

$124,045,497

Down $23,641,261 (-16%) from 2017

Expenses

Down

$86,528,850

Down $47,264,798 (-35%) from 2017

Net Income

Up

$37,516,647

Up $23,623,537 (+170%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth75th percentile

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

$1.5B$1.0B$500M$0Assets 2010: $170,423,324Liabilities 2010: $50,488,132Net Assets 2010: $119,935,1922010Assets 2011: $235,276,009Liabilities 2011: $41,098,609Net Assets 2011: $194,177,4002011Assets 2012: $319,114,168Liabilities 2012: $57,281,543Net Assets 2012: $261,832,6252012Assets 2013: $375,475,421Liabilities 2013: $49,861,337Net Assets 2013: $325,614,0842013Assets 2014: $438,151,601Liabilities 2014: $50,151,465Net Assets 2014: $388,000,1362014Assets 2015: $471,225,108Liabilities 2015: $40,624,726Net Assets 2015: $430,600,3822015Assets 2016: $511,519,912Liabilities 2016: $55,504,324Net Assets 2016: $456,015,5882016Assets 2017: $586,643,442Liabilities 2017: $50,821,907Net Assets 2017: $535,821,5352017Assets 2018: $638,276,258Liabilities 2018: $34,261,840Net Assets 2018: $604,014,4182018Assets 2019: $751,861,840Liabilities 2019: $20,131,198Net Assets 2019: $731,730,6422019Assets 2020: $828,363,737Liabilities 2020: $18,155,690Net Assets 2020: $810,208,0472020Assets 2021: $1,090,709,677Liabilities 2021: $145,522,363Net Assets 2021: $945,187,3142021Assets 2022: $945,178,364Liabilities 2022: $125,579,526Net Assets 2022: $819,598,8382022Assets 2023: $1,045,185,472Liabilities 2023: $131,181,242Net Assets 2023: $914,004,2302023Assets 2024: $1,113,821,909Liabilities 2024: $127,150,763Net Assets 2024: $986,671,1462024

Highlighted filing

2018

Assets$638,276,258
Liabilities$34,261,840
Net Assets$604,014,418
Open 2018 Filing

Operations Trend

Revenue Growth9th percentile

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

$300M$200M$100M$0Expenses 2010: $119,512,1242010Expenses 2011: $124,185,4292011Expenses 2012: $173,126,1022012Revenue 2013: $233,562,352Expenses 2013: $184,982,412Net Income 2013: $48,579,9402013Revenue 2014: $265,705,373Expenses 2014: $169,255,963Net Income 2014: $96,449,4102014Revenue 2015: $176,374,512Expenses 2015: $138,603,816Net Income 2015: $37,770,6962015Revenue 2016: $164,797,110Expenses 2016: $124,142,289Net Income 2016: $40,654,8212016Revenue 2017: $147,686,758Expenses 2017: $133,793,648Net Income 2017: $13,893,1102017Revenue 2018: $124,045,497Expenses 2018: $86,528,850Net Income 2018: $37,516,6472018Revenue 2019: $127,223,003Expenses 2019: $85,562,817Net Income 2019: $41,660,1862019Revenue 2020: $83,119,077Expenses 2020: $70,563,660Net Income 2020: $12,555,4172020Revenue 2021: $124,087,298Expenses 2021: $79,908,993Net Income 2021: $44,178,3052021Revenue 2022: $81,920,356Expenses 2022: $69,303,434Net Income 2022: $12,616,9222022Revenue 2023: $113,123,004Expenses 2023: $95,095,168Net Income 2023: $18,027,8362023Revenue 2024: $153,640,929Expenses 2024: $114,855,624Net Income 2024: $38,785,3052024

Highlighted filing

2018

Revenue$124,045,497
Expenses$86,528,850
Net Income$37,516,647
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Jan 29, 2019
Return Version
2017v2.3
Gross Receipts
$370,557,134
Mission and Program Overview

Mission

The organization's primary exempt purpose is to provide access to and conduct activities in furtherance of higher education.

Provide access to and conduct activities in furtherance of higher education.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$494,540,887$591,480,110▲ $96,939,223
Savings and Temporary Cash Investments$72,077,448$17,136,696▼ $54,940,752
Accounts Receivable$6,938,887$13,364,622▲ $6,425,735
Cash and Non-Interest-Bearing Accounts$8,114,951$11,663,128▲ $3,548,177
Land, Buildings, and Equipment, Net$2,156,752$2,528,420▲ $371,668
Prepaid Expenses and Deferred Charges$2,814,517$2,103,282▼ $711,235
Total Assets$586,643,442$638,276,258▲ $51,632,816
Liabilities
Accounts Payable and Accrued Expenses$33,308,224$23,363,150▼ $9,945,074
Other Liabilities$17,513,683$10,898,690▼ $6,614,993
Total Liabilities$50,821,907$34,261,840▼ $16,560,067
Net Assets / Fund Balance
Unrestricted Net Assets$535,821,535$604,014,418▲ $68,192,883
Total Net Assets Fund Balance$535,821,535$604,014,418▲ $68,192,883
Total Liabilities and Net Assets / Fund Balance$586,643,442$638,276,258▲ $51,632,816

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$1,640,003$2,311,939$3,951,942
Equipment$652,102$2,315,695$2,967,797
Leasehold Improvements$236,315$1,741,761$1,978,076

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2017$111,048,682-▲ $9,455,512-$120,498,681
2016$97,933,428-▲ $13,123,262-$111,048,682
2015$102,195,793-▲ $745,643$5,000,000$97,933,428
2014$100,006,667-▲ $2,198,423-$102,195,793
2013-$100,000,000▲ $6,667-$100,006,667
Compensation and Service Providers
Top Officer Pay19th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Barbara MatezEvp & CFOFT$268,885$149,564$418,449
John ZurickFormer Salt President/evp-$417,250$417,250$417,250
Robert MoranM.d. Risk Mgmt (until 11/24/17)FT$183,134$215,623$398,757
John Christopher SheehanVP & General CounselFT$236,990$152,227$389,217
Jean EddyPresident/CEOFT$379,671$4,303$383,974
Susan NathanSVP & COO (until 9/29/17)FT$185,278$196,836$382,114
Michael RyanVP Borrower Svces (until 12/29/17)FT$203,558$172,480$376,038
Brian CurtisVP of Isd & CIO (until 11/24/17)FT$221,913$134,327$356,240
Michael KradasM.d. Human Res. (until 8/31/17)FT$130,392$154,874$285,266
Frederick ArchibaldM.d. Shared Tech SvcsFT$179,141$95,410$274,551
Alisa WilkeM.d. Product DevelopmentFT$184,885$84,656$269,541
Daniel ScottDirector Corp. Fin Plan & AnalysisFT$150,070$108,404$258,474
Julie LammersVP of Cons. & Govt Rels.FT$169,103$76,963$246,066
Brenda StazinskiDirector Ops & Facilities (until 10/17)FT$131,839$110,268$242,107
Clay ColarussoM.d. MarketingFT$163,727$74,534$238,261
Alan BravermanM.d. Human ResourcesFT$166,935$67,525$234,460
Robin CheM.d. of Borr. Svces (until 10/17)FT$130,590$99,059$229,649
Gregory PakhladzhyanDirector of Legal Affairs (until 12/17)FT$168,123$55,267$223,390
Robert ColeDirector Community Impact (until 11/17FT$138,364$84,035$222,399
Kristi PierceM.d. CA ProgramsFT$140,752$74,686$215,438
Philip ImbresciaDirector Internal Audit/risk (until 9/17)FT$195,902$17,600$213,502
Philip ImbresciaDirector Internal Audit/risk (until 9/17-$124,625$88,877$213,502
David SnowM.d. Strategic AlliancesFT$184,131$17,320$201,451
Donald ReavesDir./chair of Executive Cmte-$60,500-$60,500
Dione KenyonDir./chair of Governance-$45,083-$45,083
Andy GomezDir./chair of Audit Cmte-$41,750-$41,750
Peter SegallDirector-$38,750-$38,750
Lawrence GennariDir./chair of Fin Plng. Cmte.-$36,750-$36,750
Thomas GrafDir./chair of Inv. Cmte-$36,750-$36,750
Carol FulpDirector/chair of Comp.-$34,500-$34,500
John CurrierDirector-$32,500-$32,500
Randall BehmDirector-$32,500-$32,500

Highest Paid Contractors

ContractorServicesLocationCompensation
Delta Management AssociatesDebt Collection Assistance100 EVERETT AVE STE 6, Chelsea, MA 02150$12,389,651
Performant RecoveryDebt Collection Assistance333 NORTH CANYONS PARKWAY SUITE 10, Livermore, CA 94551$10,847,485
IqorDebt Collection AssistancePO BOX 951503, Cleveland, OH 44193$6,362,325
EcmcDebt Collection Assistance111 WASHINGTON AVENUE SOUTH, Minneapolis, MN 55401$5,858,586
F H Cann & AssociatesDebt Collection Assistance1600 OSGOOD STREET, North Andover, MA 01845$4,425,338
Revenue and Support

Revenue Composition

Contributions and Grants
$2,006,498
Program Service Revenue
$108,814,613
Investment Income
$13,054,245
Other Revenue
$170,141
Change in Net Assets
$37,516,647

Audited Revenue Reconciliation

Revenue per Audited Statements
$124,045,497
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$25,842,180
Total Revenue per Audited Statements
$149,887,677
Total Revenue per Form 990
$124,045,497
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$58,186,707
Salaries, Compensation, and Employee Benefits$28,156,367
Grants and Similar Amounts Paid$185,776
Total Fundraising Expense$121,937
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$15,103,996$2,852,814$78,932$18,035,742
Current Officers, Directors, Trustees, and Key Employees$2,023,865$2,574,639$43,005$4,641,509
Occupancy$3,174,529$994,975-$4,169,504
Other Employee Benefits$2,830,498$246,038-$3,076,536
Office Expenses$1,322,120$526,739-$1,848,859
Payroll Taxes$1,339,716$508,604-$1,848,320
Information Technology$1,263,054$479,718-$1,742,772
Other Expenses$468,090$1,030,876-$1,498,966
Advertising$1,481,974--$1,481,974
Depreciation Depletion$490,131$397,008-$887,139
All Other Expenses$552,658$173,497-$726,155
Insurance-$611,722-$611,722
Pension Plan Contributions$52,818$501,442-$554,260
Conferences and Meetings$196,595$45,070-$241,665
Travel$195,877$39,788-$235,665
Grants to Domestic Orgs$185,776--$185,776
Fees for Services Accounting-$185,250-$185,250
Fees for Services Legal-$149,665-$149,665
Fees for Service Investment Mgmnt Fees-$127,760-$127,760
Fees for Services Lobbying-$52,984-$52,984
Total Functional Expenses$74,237,316$12,169,597$121,937$86,528,850

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$86,528,850
Expenses per Audited Statements$86,401,090
Total Expenses per Audited Statements$81,226,753
Expenses Not Reported on Financial Statements$127,760
Expenses Not Reported on Form 990$-5,174,337
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Consortium of Universities of the Washington Metropolitan AreaWashington, DC501(c)(3)TO COLLABORATE WITH THE AGENCY TO PROMOTE ACCESS TO HIGHER EDUCATION IN THE WASHINGTON DC METRO AREA THROUGH THE DELIVERY OF DIRECT SERVICES, INCLUDING THE PROVISION OF ADMISSIONS, FINANCIAL AID, ACADEMIC, AND CAREER ADVISING SERVICES TO INDIVIDUALS IN THE WASHINGTON, DC METRO AREA, ESPECIALLY THOSE FROM LOW-INCOME (WITHIN 150% OF POVERTY LEVEL) AND FIRST-GENERATION FAMILIES (NEITHER PARENT HAS GRADUATED FROM A FOUR YEAR COLLEGE).$185,776
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
Yes
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Pension$7,614,610
Reserve for Contingencies$2,406,658
Other$845,022
Deferred Income$31,000
Scholarships$1,400
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“The form 990 is prepared by cbiz mhm, llc our national tax services firm with information provided by the controller and chief financial officer. The form 990 is reviewed by the controller, vice president general counsel, executive vice president and cfo, and president/ceo. The fully completed form 990 is then provided to the entire board of directors for review and approval before it is electronically submitted to the internal revenue service.”

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

“All officers, board members and key employees shall annually sign a statement which affirms that the person; has received a copy of the conflicts of interest policy, has read and understands the policy, and has agreed to comply with the policy. In addition, each director, principal officer and member of a committee with board-assigned powers shall list his or her business affiliations, including memberships on boards of other non-profit institutions, and shall also disclose any business relationships that members of his or her family have or are seeking with american student assistance. He or she shall also update the statement as appropriate during the year.”

Form 990, Part VI, Section B, Line 15

“Compensation reviews for the top management officials (president/ceo, executive vice president and cfo) and members of senior management staff are conducted annually by the compensation committee of the board of directors. Senior management staff consists of all vice presidents and managing directors of the organization. Periodically, an in-depth market benchmarking study is compiled for each senior staff position, including the ceo and cfo, utilizing published, independent, third-party compensation surveys to compare current base salaries and total compensation with the same or similar positions in the boston geographic area, in similar-sized organizations, primarily in the financial services, education and not-for-profit sectors. On a bi-annual basis, the human resources department also examines form 990 data from similar organizations and also obtains a separate compensation analysis with comparative market data from an independent compensation consultant. This comparability data is synthesized into a detailed report with the market ranges and each incumbent's position in the range and includes comparative base salary and total compensation market data. This report is presented to the president/ceo and the cfo who consider the data and make decisions regarding individual senior management merit salary increases. The ceo presents the full report along with their performance reviews and salary recommendations to the members of the compensation committee comprised of independent board members. The compensation committee discusses the ceo's decisions for senior management staff. The ceo also reviews and makes a merit salary increase recommendation for the cfo, which is also presented to the compensation committee for their review and approval. The full board of directors uses the comparative market data to review and establish the compensation of the president/ceo. Any annual incentive bonus plans, though discretionary, are also approved in advance by the compensation committee and any payouts are determined by the compensation committee based on the results of previously established goals and criteria, overall company performance, comparison to market data, and subject to an annual cap. The deliberations and decisions of the compensation committee are recorded contemporaneously in the meeting minutes which are recorded and preserved by the special assistant to the president, along with the analysis data. Key employees are not included in the above-described compensation approval process. They are included in the overall process which includes employees under their management.”

Form 990, Part VI, Section C, Line 19

“The governing documents, conflict of interest policy and financial statements are available upon request.”

Filing and Contact Details

Filer

Filer Name
Massachusetts Higher Education
EIN
04-2254705
Phone
6177284549
Address
33 ARCH STREET NO 2100, BOSTON, MA 02110
Doing Business As
American Student Assistance

Signing Officer

Name
Barbara Matez
Title
Evp & CFO
Phone
6177284549
Signed
2019-01-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jean Eddy
Formed
1956
Legal Domicile
Ma
Voting Board Members
10
Independent Board Members
9
Employees
419
Volunteers
0

Preparer

Firm
Cbiz Mhm LLC
Address
500 BOYLSTON STREET, BOSTON, MA 02116
Preparer
Craig Klein
Phone
6177610600
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Pension plan fas 158 gain 5,004,197.”

Financial Statement Notes

PART V, LINE 4:

“Asa established asa fund llc ("asa fund", also referred to as "salt sponsorship fund"), a single member llc established to hold funds designated by the board as a quasi-endowment for the benefit of the salt program.”

PART X, LINE 2:

“Asa accounts for the effect of any uncertain tax positions based on a "more likely than not" threshold to the recognition of the tax positions being sustained based on the technical merits of the position under scrutiny by the applicable taxing authority. If a tax position or positions are deemed to result in uncertainties of those positions, the unrecognized tax benefit is estimated based on a "cumulative probability assessment" that aggregates the estimated tax liability for all uncertain tax positions. Asa has identified its tax status as a tax-exempt entity, its determination of which activities are related and unrelated and its presentation of certain net operating loss carryforwards as its only significant tax positions. Asa, however, has determined that its position relative to tax status or determination of which activities are related and unrelated does not result in an uncertainty requiring recognition. The position on loss carryforwards is uncertain and thus such carryforwards have not been recognized as tax assets. Asa is not currently under examination by any taxing jurisdiction. Asa's federal and state tax returns are generally open for examination for three years following the date filed.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Sub-lease rental income netted against rent expense for financial statement purposes. 500,079. Rental gain -329,938.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Sub-lease rental income netted against rent expense for financial statement purposes. -500,079. Rental expenses 329,939. Pension plan fas 158 gain -5,004,197.”

Raw XML AppendixShowing 400 of 1,160 raw XML fields

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/ActivityOrMissionDesc0PROVIDE ACCESS TO AND CONDUCT ACTIVITIES IN FURTHERANCE OF HIGHER EDUCATION.
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IRS990/Desc0MASSACHUSETTS HIGHER EDUCATION ASSISTANCE CORPORATION (MHEAC) RELIEVES THE BURDENS OF GOVERNMENT AND ASSISTS STUDENTS AND PARENTS IN SUCCESSFULLY COMPLETING A PROGRAM OF HIGHER EDUCATION BY CONTINUING TO ACT AS A GUARANTOR OF STUDENT LOANS MADE BY LENDERS, IN CONNECTION WITH THE FEDERAL HIGHER EDUCATION ACT OF 1965. IN ADDITION, MHEAC ENGAGES IN A VARIETY OF ACTIVITIES IN FURTHERANCE OF HIGHER EDUCATION, INCLUDING HELPING STUDENTS EXPLORE ALTERNATIVE EDUCATION PATHWAYS IN PURSUIT OF SUCCESSFUL AND FULFILLING CAREERS.
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IRS990/Form990PartVIISectionAGrp/PersonNm3CAROL FULP
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IRS990/Form990PartVIISectionAGrp/PersonNm10BRIAN CURTIS
IRS990/Form990PartVIISectionAGrp/PersonNm11JOHN CHRISTOPHER SHEEHAN
IRS990/Form990PartVIISectionAGrp/PersonNm12BARBARA MATEZ
IRS990/Form990PartVIISectionAGrp/PersonNm13SUSAN NATHAN
IRS990/Form990PartVIISectionAGrp/PersonNm14MICHAEL RYAN
IRS990/Form990PartVIISectionAGrp/PersonNm15JULIE LAMMERS
IRS990/Form990PartVIISectionAGrp/PersonNm16ALAN BRAVERMAN
IRS990/Form990PartVIISectionAGrp/PersonNm17ROBERT MORAN
IRS990/Form990PartVIISectionAGrp/PersonNm18ALISA WILKE
IRS990/Form990PartVIISectionAGrp/PersonNm19MICHAEL KRADAS
IRS990/Form990PartVIISectionAGrp/PersonNm20DAVID SNOW
IRS990/Form990PartVIISectionAGrp/PersonNm21FREDERICK ARCHIBALD
IRS990/Form990PartVIISectionAGrp/PersonNm22CLAY COLARUSSO
IRS990/Form990PartVIISectionAGrp/PersonNm23ROBIN CHE
IRS990/Form990PartVIISectionAGrp/PersonNm24KRISTI PIERCE
IRS990/Form990PartVIISectionAGrp/PersonNm25GREGORY PAKHLADZHYAN
IRS990/Form990PartVIISectionAGrp/PersonNm26PHILIP IMBRESCIA
IRS990/Form990PartVIISectionAGrp/PersonNm27DANIEL SCOTT
IRS990/Form990PartVIISectionAGrp/PersonNm28BRENDA STAZINSKI
IRS990/Form990PartVIISectionAGrp/PersonNm29ROBERT COLE
IRS990/Form990PartVIISectionAGrp/PersonNm30JOHN ZURICK
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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT/CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR/CHAIR OF COMP.
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIR./CHAIR OF FIN PLNG. CMTE.
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIR./CHAIR OF AUDIT CMTE
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIR./CHAIR OF INV. CMTE
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIR./CHAIR OF GOVERNANCE
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIR./CHAIR OF EXECUTIVE CMTE
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10VP OF ISD & CIO (UNTIL 11/24/17)
IRS990/Form990PartVIISectionAGrp/TitleTxt11VP & GENERAL COUNSEL
IRS990/Form990PartVIISectionAGrp/TitleTxt12EVP & CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt13SVP & COO (UNTIL 9/29/17)
IRS990/Form990PartVIISectionAGrp/TitleTxt14VP BORROWER SVCES (UNTIL 12/29/17)
IRS990/Form990PartVIISectionAGrp/TitleTxt15VP OF CONS. & GOVT RELS.
IRS990/Form990PartVIISectionAGrp/TitleTxt16M.D. HUMAN RESOURCES
IRS990/Form990PartVIISectionAGrp/TitleTxt17M.D. RISK MGMT (UNTIL 11/24/17)
IRS990/Form990PartVIISectionAGrp/TitleTxt18M.D. PRODUCT DEVELOPMENT
IRS990/Form990PartVIISectionAGrp/TitleTxt19M.D. HUMAN RES. (UNTIL 8/31/17)
IRS990/Form990PartVIISectionAGrp/TitleTxt20M.D. STRATEGIC ALLIANCES
IRS990/Form990PartVIISectionAGrp/TitleTxt21M.D. SHARED TECH SVCS
IRS990/Form990PartVIISectionAGrp/TitleTxt22M.D. MARKETING
IRS990/Form990PartVIISectionAGrp/TitleTxt23M.D. OF BORR. SVCES (UNTIL 10/17)
IRS990/Form990PartVIISectionAGrp/TitleTxt24M.D. CA PROGRAMS
IRS990/Form990PartVIISectionAGrp/TitleTxt25DIR. OF LEGAL AFFAIRS (UNTIL 12/17)
IRS990/Form990PartVIISectionAGrp/TitleTxt26DIR. INTERNAL AUDIT/RISK (UNTIL 9/17)
IRS990/Form990PartVIISectionAGrp/TitleTxt27DIR. CORP. FIN PLAN & ANALYSIS
IRS990/Form990PartVIISectionAGrp/TitleTxt28DIR. OPS & FACILITIES (UNTIL 10/17)
IRS990/Form990PartVIISectionAGrp/TitleTxt29DIR. COMMUNITY IMPACT (UNTIL 11/17
IRS990/Form990PartVIISectionAGrp/TitleTxt30FORMER SALT PRESIDENT/EVP
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IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE ORGANIZATION'S PRIMARY EXEMPT PURPOSE IS TO PROVIDE ACCESS TO AND CONDUCT ACTIVITIES IN FURTHERANCE OF HIGHER EDUCATION.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$638,276,258
Liabilities
$34,261,840
Net assets
$604,014,418
Revenue
$124,045,497
Expenses
$86,528,850
Net income
$37,516,647
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1,114$127$987$154$115$38.8
2023Detailed filing. Detailed filing data is available for this year.$1,045$131$914$113$95.1$18.0
2022Detailed filing. Detailed filing data is available for this year.$945$126$820$81.9$69.3$12.6
2021Detailed filing. Detailed filing data is available for this year.$1,091$146$945$124$79.9$44.2
2020Detailed filing. Detailed filing data is available for this year.$828$18.2$810$83.1$70.6$12.6
2019Detailed filing. Detailed filing data is available for this year.$752$20.1$732$127$85.6$41.7
2018Detailed filing. Detailed filing data is available for this year.$638$34.3$604$124$86.5$37.5
2017Detailed filing. Detailed filing data is available for this year.$587$50.8$536$148$134$13.9
2016Detailed filing. Detailed filing data is available for this year.$512$55.5$456$165$124$40.7
2015Detailed filing. Detailed filing data is available for this year.$471$40.6$431$176$139$37.8
2014Detailed filing. Detailed filing data is available for this year.$438$50.2$388$266$169$96.4
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$375$49.9$326$234$185$48.6
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$319$57.3$262$173
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$235$41.1$194$124
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$170$50.5$120$120