Civic Intelligence

Connecticut Student Loan Foundation C/O Education Solution Partners LLC

990 • Fiscal year 2017 • EIN 06-0812178

Jul 01, 2016 to Jun 30, 2017 • Filed on Sep 27, 2017

Organization Profilewww.cslf.org
7271 engle road suite 101cleveland, OH 44130

(440) 234-3250

Siviq Scores

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

Liabilities / Assets

89th percentile

0.90x

Higher debt load relative to assets than 89% of similar nonprofits.

2017 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2017

Liabilities / Revenue

98th percentile

22.29x

Higher debt load relative to revenue than 98% of similar nonprofits.

2017 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2017

Net Margin

54th percentile

5.6%

Higher net margin than 54% of similar nonprofits.

2017 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2017

Top Officer Pay

6th percentile

$236,167

Higher top officer pay than 6% of similar nonprofits.

Top officer pay equals 2.3% of source-year revenue.

2017 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2017

Asset Growth

3rd percentile

-14%

Faster asset growth than 3% of similar nonprofits.

2017 filings • 501(c)3 • $250M-$1B nonprofits • Annualized from 2016 to 2017

Revenue Growth

15th percentile

-4.6%

Faster revenue growth than 15% of similar nonprofits.

2017 filings • 501(c)3 • $250M-$1B nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets89th percentile

Assets

Down

$258,718,720

Down $42,389,070 (-14%) from 2016

Net Assets

Up

$25,813,282

Up $587,647 (+2.3%) from 2016

Liabilities

Down

$232,905,438

Down $42,976,717 (-16%) from 2016

Revenue And Expenses
Liabilities / Revenue98th percentileNet Margin54th percentile

Revenue

Down

$10,448,692

Down $505,170 (-4.6%) from 2016

Expenses

Down

$9,861,045

Down $7,902,835 (-44%) from 2016

Net Income

Up

$587,647

Up $7,397,665 (+109%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth3rd percentile

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

$800M$600M$400M$200M$0Assets 2010: $735,662,956Liabilities 2010: $709,316,362Net Assets 2010: $26,346,5942010Assets 2011: $677,843,238Liabilities 2011: $641,609,650Net Assets 2011: $36,233,5882011Assets 2012: $573,720,886Liabilities 2012: $528,380,812Net Assets 2012: $45,340,0742012Assets 2013: $470,212,615Liabilities 2013: $419,117,704Net Assets 2013: $51,094,9112013Assets 2014: $409,029,802Liabilities 2014: $375,525,934Net Assets 2014: $33,503,8682014Assets 2015: $347,571,647Liabilities 2015: $315,535,994Net Assets 2015: $32,035,6532015Assets 2016: $301,107,790Liabilities 2016: $275,882,155Net Assets 2016: $25,225,6352016Assets 2017: $258,718,720Liabilities 2017: $232,905,438Net Assets 2017: $25,813,2822017Assets 2018: $226,083,873Liabilities 2018: $202,093,182Net Assets 2018: $23,990,6912018Assets 2019: $193,791,940Liabilities 2019: $172,036,161Net Assets 2019: $21,755,7792019Assets 2020: $167,603,066Liabilities 2020: $144,526,626Net Assets 2020: $23,076,4402020Assets 2021: $146,981,907Liabilities 2021: $122,780,174Net Assets 2021: $24,201,7332021Assets 2022: $126,010,687Liabilities 2022: $103,025,996Net Assets 2022: $22,984,6912022Assets 2023: $96,313,464Liabilities 2023: $76,707,832Net Assets 2023: $19,605,6322023Assets 2024: $76,625,198Liabilities 2024: $55,744,963Net Assets 2024: $20,880,2352024Assets 2025: $57,846,276Liabilities 2025: $36,513,553Net Assets 2025: $21,332,7232025

Highlighted filing

2017

Assets$258,718,720
Liabilities$232,905,438
Net Assets$25,813,282
Open 2017 Filing

Operations Trend

Revenue Growth15th percentile

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

$40M$20M$0-$20MExpenses 2010: $32,916,1402010Expenses 2011: $17,912,5572011Expenses 2012: $17,236,8812012Revenue 2013: $20,078,319Expenses 2013: $13,561,094Net Income 2013: $6,517,2252013Revenue 2014: $17,382,821Expenses 2014: $34,963,616Net Income 2014: -$17,580,7952014Revenue 2015: $9,407,525Expenses 2015: $10,875,740Net Income 2015: -$1,468,2152015Revenue 2016: $10,953,862Expenses 2016: $17,763,880Net Income 2016: -$6,810,0182016Revenue 2017: $10,448,692Expenses 2017: $9,861,045Net Income 2017: $587,6472017Revenue 2018: $10,778,706Expenses 2018: $12,601,297Net Income 2018: -$1,822,5912018Revenue 2019: $10,761,716Expenses 2019: $12,996,628Net Income 2019: -$2,234,9122019Revenue 2020: $8,163,038Expenses 2020: $6,842,377Net Income 2020: $1,320,6612020Revenue 2021: $5,152,125Expenses 2021: $4,026,832Net Income 2021: $1,125,2932021Revenue 2022: $4,816,146Expenses 2022: $6,033,188Net Income 2022: -$1,217,0422022Revenue 2023: $6,578,182Expenses 2023: $9,957,241Net Income 2023: -$3,379,0592023Revenue 2024: $7,439,089Expenses 2024: $6,164,486Net Income 2024: $1,274,6032024Revenue 2025: $4,517,130Expenses 2025: $4,064,642Net Income 2025: $452,4882025

Highlighted filing

2017

Revenue$10,448,692
Expenses$9,861,045
Net Income$587,647
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Sep 27, 2017
Return Version
2016v3.0
Gross Receipts
$10,448,692
Mission and Program Overview

Mission

To improve educational opportunity and promote repayment of loans including providing appropriate services incident to the administration of programs which are established to improve educational opportunities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Program Related$284,258,450$244,017,270▼ $40,241,180
Cap Stk Tr Prin Current Funds$24,144,653$19,431,907▼ $4,712,746
Savings and Temporary Cash Investments$10,767,431$9,623,414▼ $1,144,017
Rtn Earn Endowment Incm Other Fnds$1,080,982$6,381,375▲ $5,300,393
Other Notes and Loans Receivable, Net$4,707,591$4,463,523▼ $244,068
Cash and Non-Interest-Bearing Accounts$1,334,549$598,287▼ $736,262
Prepaid Expenses and Deferred Charges$25,393$585▼ $24,808
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Total Assets$301,107,790$258,718,720▼ $42,389,070
Other Assets Total$14,376$15,641▲ $1,265
Liabilities
Other Liabilities$275,751,033$232,792,562▼ $42,958,471
Accounts Payable and Accrued Expenses$131,122$112,876▼ $18,246
Total Liabilities$275,882,155$232,905,438▼ $42,976,717
Net Assets / Fund Balance
Total Net Assets Fund Balance$25,225,635$25,813,282▲ $587,647
Total Liabilities and Net Assets / Fund Balance$301,107,790$258,718,720▼ $42,389,070

Asset Categories

AssetBook ValueDepreciationBasis
Investment Program Related Org$244,017,270--
Compensation and Service Providers
Top Officer Pay6th percentile

Employees

NameTitleOtherTotal
Denise E AguileraGeneral Counsel$97,567$97,567

Board Members and Trustees

NameTitle
Dr Peter LisiChairman
sarah sandersVice chairman
Erika Steinerdirector
Steven Kitowiczdirector
julie savinodirector
martin Budddirector
Jeanette W Weldonexecutive director
Cynthia D PeoplesManaging Director
Michael F MorrisManaging Director

Highest Paid Contractors

ContractorServicesLocationCompensation
Edfinancial Services LLCLoan Servicer298 NORTH SEVEN OAKS DRIVE, Knoxville, TN 37922$1,107,067
Education Solution Partners LLCAdministrative Services7271 ENGLE ROAD SUITE 101, Cleveland, OH 44130$429,000
Samuel A Ramirez & CoBroker/dealer For Bonds61 BROADWAY SUITE 2194, New York, NY 10006$144,743
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$10,412,030
Investment Income
$36,662
Other Revenue
$0
Change in Net Assets
$587,647
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$7,861,045
Grants and Similar Amounts Paid$2,000,000
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$4,493,042--$4,493,042
Grants to Domestic Orgs$2,000,000--$2,000,000
Fees for Services Management-$412,705-$412,705
Other Expenses$60,017--$60,017
Fees for Service Investment Mgmnt Fees-$50,000-$50,000
Fees for Services Accounting-$36,886-$36,886
Insurance-$27,148-$27,148
Fees for Services Legal$3,054--$3,054
Travel$1,164--$1,164
Office Expenses$574--$574
Conferences and Meetings$486--$486
All Other Expenses$230--$230
Information Technology$160--$160
Total Functional Expenses$9,334,306$526,739$0$9,861,045
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Ct Higher Education Supplemental Loan AuthorityHartford, CT170(c)(1)Scholarships$2,000,000
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
Bonds Payable$231,507,771
Due to Doe$874,321
Other Payables$213,301
Interest Payable$197,169
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, line 3

“Cslf contracted all administration to education solution partners, llc ("esp").”

Form 990, Part VI, Section A, line 7A

“Cslf board members are appointed by statute or designated by the chefa board. Certain statuatory board members are eligible to designate another individual to fill their position.”

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

“form 990 is reviewed by the board of directors prior to filing the return.”

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

“The CSLF Board of Directors receives annual ethics training and the Directors and Authorized Officers file an Annual Statement of Financial Interests with the State of Connecticut Office of State Ethics.”

Form 990, Part VI, Section C, line 19

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

Filing and Contact Details

Filer

Filer Name
Connecticut Student Loan Foundation
EIN
06-0812178
Phone
4402343250
Address
7271 engle road suite 101, cleveland, OH 44130

Signing Officer

Name
Jeanette Weldon
Title
executive director
Phone
4402343220
Signed
2017-09-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jeanette Weldon
Formed
1967
Legal Domicile
Ct
Voting Board Members
7
Independent Board Members
6
Employees
0
Volunteers
0

Preparer

Firm
Cohnreznick Llp
Address
350 CHURCH STREET 12TH FLOOR, HARTFORD, CT 06103
Preparer
Kimberly Nardone
Phone
9592007000
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

“Chefa has a committee that assumes responsibility for the oversight of the audit. Cslf audit is part of chefa's financial statement audit. There have been no changes to the organization's oversight or selection process during the tax year.”

Raw XML AppendixShowing 400 of 592 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/Form990PartVIISectionAGrp/TitleTxt8General Counsel
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IRS990/InvestmentIncomeGrp/ExclusionAmt036662
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt036662
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsProgramRelatedGrp/BOYAmt0284258450
IRS990/InvestmentsProgramRelatedGrp/EOYAmt0244017270
IRS990/IRPDocumentCnt04
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0CT
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO IMPROVE EDUCATIONAL OPPORTUNITY AND PROMOTE REPAYMENT OF LOANS INCLUDING providing APPROPRIATE SERVICES INCIDENT TO THE ADMINISTRATION OF PROGRAMS WHICH ARE ESTABLISHED TO IMPROVE EDUCATIONAL OPPORTUNITIES.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt025225635
IRS990/NetAssetsOrFundBalancesEOYAmt025813282
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ProgramServicesAmt0574
IRS990/OfficeExpensesGrp/TotalAmt0574
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt014376
IRS990/OtherAssetsTotalGrp/EOYAmt015641
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0CONSOLIDATION FEE
IRS990/OtherExpensesGrp/Desc1LOAN SERVICE FEE
IRS990/OtherExpensesGrp/Desc2DEBT ISSUE COST
IRS990/OtherExpensesGrp/Desc3COLLECTION COSTS/FEES
IRS990/OtherExpensesGrp/ProgramServicesAmt01603880
IRS990/OtherExpensesGrp/ProgramServicesAmt11003435
IRS990/OtherExpensesGrp/ProgramServicesAmt2168264
IRS990/OtherExpensesGrp/ProgramServicesAmt360017
IRS990/OtherExpensesGrp/TotalAmt01603880
IRS990/OtherExpensesGrp/TotalAmt11003435
IRS990/OtherExpensesGrp/TotalAmt2168264
IRS990/OtherExpensesGrp/TotalAmt360017
IRS990/OtherLiabilitiesGrp/BOYAmt0275751033
IRS990/OtherLiabilitiesGrp/EOYAmt0232792562
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt04707591
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt04463523
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt025393
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0585
IRS990/PrincipalOfficerNm0Jeanette Weldon
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/BusinessCd2900099
IRS990/ProgramServiceRevenueGrp/Desc0LOAN PORTFOLIO INTEREST
IRS990/ProgramServiceRevenueGrp/Desc1LATE FEE INCOME
IRS990/ProgramServiceRevenueGrp/Desc2Not for Profit Servicing Income
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt09995164
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1228924
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2187942
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt09995164
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1228924
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2187942
IRS990/ProgSrvcAccomActy2Grp/Desc0CONTRIBUTIONS TO CT HIGHER EDUCATION SUPPLEMENTAL LOAN AUTHORITY (CHESLA) IN SUPPORT OF PROGRAMS TO IMPROVE EDUCATIONAL OPPORTUNITIES BY PROVIDING SCHOLARSHIPS.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt02000000
IRS990/ProgSrvcAccomActy2Grp/GrantAmt02000000
IRS990/ProgSrvcAccomActy3Grp/Desc0Administrative agent fee and incidental expenses associated with management of the Not For Profit servicing contract.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt026021
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt0187942
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt09888710
IRS990/PYInvestmentIncomeAmt028858
IRS990/PYOtherExpensesAmt07875170
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt010925004
IRS990/PYRevenuesLessExpensesAmt0-6810018
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt017763880
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt010953862
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0587647
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd01
IRS990/RevenueAmt010224088
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt01080982
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt06381375
IRS990/SavingsAndTempCashInvstGrp/BOYAmt010767431
IRS990/SavingsAndTempCashInvstGrp/EOYAmt09623414
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0Other revenue - 2012 Amount: $ 86,456. 2013 Amount: $ 8,832.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Schedule A, Part III, Line 12, Explanation of Other Income:
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt036662
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt028858
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt021181
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt095331
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt070163
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0252195
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt010351752
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt010925004
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt09359652
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt017256158
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt019921700
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt067814266
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt036662
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt028858
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt021181
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt095331
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt070163
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0252195
IRS990ScheduleA/InvestmentIncomeCYPct00.00370
IRS990ScheduleA/InvestmentIncomePYPct00.00270
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt08832
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt086456
IRS990ScheduleA/OtherIncome509Grp/TotalAmt095288
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99490
IRS990ScheduleA/PublicSupportPY509Pct00.96970
IRS990ScheduleA/PublicSupportTotal509Amt067814266
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt010351752
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt010925004
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt09359652
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt017256158
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt019921700
IRS990ScheduleA/Total509Grp/TotalAmt067814266
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt010388414
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt010953862
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt09380833
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt017360321
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt020078319
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt068161749
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt0244017270
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0Student Loan Portfolio
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0231507771
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1874321
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2213301
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt3197169
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0BONDS PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DUE TO DOE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2OTHER PAYABLES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3INTEREST PAYABLE
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueProgramRltdAmt0244017270
IRS990ScheduleD/TotalLiabilityAmt0232792562
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt02000000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0170(C)(1)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0SCHOLARSHIPS
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0CT HIGHER EDUCATION SUPPLEMENTAL LOAN AUTHORITY
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt010 COLUMBUS BLVD
IRS990ScheduleI/RecipientTable/USAddress/CityNm0Hartford
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0CT
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd006106
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0AS THE BOARDS OF THE REPORTING AND RECEIVING ORGANIZATIONS ARE THE SAME, THE BOARD MONITORS THE USE OF FUNDS FOR THEIR INTENDED PURPOSES ON A ROUTINE BASIS THROUGH ATTENDANCE AT CHESLA BOARD MEETINGS AND REVIEW OF CHESLA'S FINANCIAL REPORTS.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2
IRS990ScheduleI/TotalOtherOrgCnt01
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt10

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$258,718,720
Liabilities
$232,905,438
Net assets
$25,813,282
Revenue
$10,448,692
Expenses
$9,861,045
Net income
$587,647
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$57.8$36.5$21.3$4.52$4.06$0.45
2024Detailed filing. Detailed filing data is available for this year.$76.6$55.7$20.9$7.44$6.16$1.27
2023Detailed filing. Detailed filing data is available for this year.$96.3$76.7$19.6$6.58$9.96$3.38
2022Detailed filing. Detailed filing data is available for this year.$126$103$23.0$4.82$6.03$1.22
2021Detailed filing. Detailed filing data is available for this year.$147$123$24.2$5.15$4.03$1.13
2020Detailed filing. Detailed filing data is available for this year.$168$145$23.1$8.16$6.84$1.32
2019Detailed filing. Detailed filing data is available for this year.$194$172$21.8$10.8$13.0$2.23
2018Detailed filing. Detailed filing data is available for this year.$226$202$24.0$10.8$12.6$1.82
2017Detailed filing. Detailed filing data is available for this year.$259$233$25.8$10.4$9.86$0.59
2016Detailed filing. Detailed filing data is available for this year.$301$276$25.2$11.0$17.8$6.81
2015Summary only. Only limited summary data is available for this year.$348$316$32.0$9.41$10.9$1.47
2014Detailed filing. Detailed filing data is available for this year.$409$376$33.5$17.4$35.0$17.6
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$470$419$51.1$20.1$13.6$6.52
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$574$528$45.3$17.2
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$678$642$36.2$17.9
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$736$709$26.3$32.9