Civic Intelligence

Connecticut Student Loan Foundation C/O Education Solution Partners LLC

990 • Fiscal year 2018 • EIN 06-0812178

Jul 01, 2017 to Jun 30, 2018 • Filed on Sep 26, 2018

Organization ProfileWWW.CSLF.ORG
10 Columbus Blvd 7th FloorHartford, CT 06106-1978

(860) 761-8418

Siviq Scores

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

Liabilities / Assets

87th percentile

0.89x

Higher debt load relative to assets than 87% of similar nonprofits.

2018 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2018

Liabilities / Revenue

98th percentile

18.75x

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

2018 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2018

Net Margin

8th percentile

-17%

Higher net margin than 8% of similar nonprofits.

2018 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2018

Top Officer Pay

21st percentile

$265,928

Higher top officer pay than 21% of similar nonprofits.

Top officer pay equals 2.5% of source-year revenue.

2018 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2018

Asset Growth

4th percentile

-13%

Faster asset growth than 4% of similar nonprofits.

2018 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2017 to 2018

Revenue Growth

41st percentile

3.2%

Faster revenue growth than 41% of similar nonprofits.

2018 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets87th percentile

Assets

Down

$226,083,873

Down $32,634,847 (-13%) from 2017

Net Assets

Down

$23,990,691

Down $1,822,591 (-7.1%) from 2017

Liabilities

Down

$202,093,182

Down $30,812,256 (-13%) from 2017

Revenue And Expenses
Liabilities / Revenue98th percentileNet Margin8th percentile

Revenue

Up

$10,778,706

Up $330,014 (+3.2%) from 2017

Expenses

Up

$12,601,297

Up $2,740,252 (+28%) from 2017

Net Income

Down

-$1,822,591

Down $2,410,238 (-410%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth4th 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

2018

Assets$226,083,873
Liabilities$202,093,182
Net Assets$23,990,691
Open 2018 Filing

Operations Trend

Revenue Growth41st 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

2018

Revenue$10,778,706
Expenses$12,601,297
Net Income-$1,822,591
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Sep 26, 2018
Return Version
2017v2.3
Gross Receipts
$10,778,706
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$244,017,270$211,473,518▼ $32,543,752
Cap Stk Tr Prin Current Funds$19,431,907$19,431,907→ $0
Savings and Temporary Cash Investments$9,623,414$9,073,077▼ $550,337
Other Notes and Loans Receivable, Net$4,463,523$4,614,637▲ $151,114
Rtn Earn Endowment Incm Other Fnds$6,381,375$4,558,784▼ $1,822,591
Cash and Non-Interest-Bearing Accounts$598,287$891,204▲ $292,917
Prepaid Expenses and Deferred Charges$585$585→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Total Assets$258,718,720$226,083,873▼ $32,634,847
Other Assets Total$15,641$30,852▲ $15,211
Liabilities
Other Liabilities$232,792,562$201,947,018▼ $30,845,544
Accounts Payable and Accrued Expenses$112,876$146,164▲ $33,288
Total Liabilities$232,905,438$202,093,182▼ $30,812,256
Net Assets / Fund Balance
Total Net Assets Fund Balance$25,813,282$23,990,691▼ $1,822,591
Total Liabilities and Net Assets / Fund Balance$258,718,720$226,083,873▼ $32,634,847

Asset Categories

AssetBook ValueDepreciationBasis
Investment Program Related Org$211,473,518--
Compensation and Service Providers
Top Officer Pay21st percentile

Board Members and Trustees

NameTitle
Dr Peter W LisiChairman
Sarah SandersOutgoing Vice Chairman
Julie SavinoVice Chairman
Erika SteinerDirector
Martin BuddDirector
Paul MoundsDirector
Sheree MailhotDirector
Steven KitowiczDirector
Jeanette W WeldonExecutive Director
Cynthia D PeoplesManaging Director
Michael F MorrisManaging Director
Denise E AguileraGeneral Counsel

Highest Paid Contractors

ContractorServicesLocationCompensation
Edfinancial Services LLCLoan Servicer298 NORTH SEVEN OAKS DRIVE, Knoxville, TN 37922$953,027
Education Solution Partners LLCAdministrative Services7271 ENGLE ROAD SUITE 101, Cleveland, OH 44130$408,000
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$10,681,510
Investment Income
$97,196
Other Revenue
$0
Change in Net Assets
$-1,822,591
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$8,601,297
Grants and Similar Amounts Paid$4,000,000
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$5,625,640--$5,625,640
Grants to Domestic Orgs$4,000,000--$4,000,000
Fees for Services Management-$312,440-$312,440
Other Expenses$80,386--$80,386
Fees for Service Investment Mgmnt Fees-$50,000-$50,000
Fees for Services Accounting-$36,120-$36,120
Insurance-$27,539-$27,539
Fees for Services Legal$10,535--$10,535
Information Technology$6,510--$6,510
Travel$1,982--$1,982
All Other Expenses$615--$615
Office Expenses$551--$551
Conferences and Meetings$510--$510
Total Functional Expenses$12,175,198$426,099$0$12,601,297
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Ct Higher Education Supplemental Loan AuthorityHartford, CT170(c)(1)Scholarships (2,000,000) Refinance Program (2,000,000)$4,000,000
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$199,180,914
Current Liabilities$2,000,000
Due to Doe$436,723
Interest Payable$254,855
Other Payables$74,526
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 goal structured solutions.”

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
8607618418
Address
10 COLUMBUS BLVD 7TH FLOOR, HARTFORD, CT 06106-1978

Signing Officer

Name
Jeanette Weldon
Title
Executive Director
Phone
8607618418
Signed
2018-09-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jeanette Weldon
Formed
1967
Legal Domicile
Ct
Voting Board Members
8
Independent Board Members
7
Employees
1
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 620 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/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt010778706
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt07
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/ProgramServicesAmt06510
IRS990/InformationTechnologyGrp/TotalAmt06510
IRS990/InsuranceGrp/ManagementAndGeneralAmt027539
IRS990/InsuranceGrp/TotalAmt027539
IRS990/InterestGrp/ProgramServicesAmt05625640
IRS990/InterestGrp/TotalAmt05625640
IRS990/InvestmentIncomeGrp/ExclusionAmt097196
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt097196
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsProgramRelatedGrp/BOYAmt0244017270
IRS990/InvestmentsProgramRelatedGrp/EOYAmt0211473518
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/NetAssetsOrFundBalancesBOYAmt025813282
IRS990/NetAssetsOrFundBalancesEOYAmt023990691
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ProgramServicesAmt0551
IRS990/OfficeExpensesGrp/TotalAmt0551
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt015641
IRS990/OtherAssetsTotalGrp/EOYAmt030852
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0CONSOLIDATION FEE
IRS990/OtherExpensesGrp/Desc1LOAN SERVICE FEE
IRS990/OtherExpensesGrp/Desc2DEBT ISSUE COST
IRS990/OtherExpensesGrp/Desc3COLLECTION COSTS/FEES
IRS990/OtherExpensesGrp/ProgramServicesAmt01429576
IRS990/OtherExpensesGrp/ProgramServicesAmt1874839
IRS990/OtherExpensesGrp/ProgramServicesAmt2144054
IRS990/OtherExpensesGrp/ProgramServicesAmt380386
IRS990/OtherExpensesGrp/TotalAmt01429576
IRS990/OtherExpensesGrp/TotalAmt1874839
IRS990/OtherExpensesGrp/TotalAmt2144054
IRS990/OtherExpensesGrp/TotalAmt380386
IRS990/OtherLiabilitiesGrp/BOYAmt0232792562
IRS990/OtherLiabilitiesGrp/EOYAmt0201947018
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt04463523
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt04614637
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0585
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0585
IRS990/PrincipalOfficerNm0JEANETTE WELDON
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/BusinessCd2900099
IRS990/ProgramServiceRevenueGrp/Desc0LOAN PORTFOLIO INTEREST
IRS990/ProgramServiceRevenueGrp/Desc1NOT FOR PROFIT SERVICING INCOME
IRS990/ProgramServiceRevenueGrp/Desc2LATE FEE INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt010278586
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1206943
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2195981
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt010278586
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1206943
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2195981
IRS990/ProgSrvcAccomActy2Grp/Desc0CONTRIBUTIONS TO CT HIGHER EDUCATION SUPPLEMENTAL LOAN AUTHORITY (CHESLA) IN SUPPORT OF PROGRAMS TO IMPROVE EDUCATIONAL OPPORTUNITIES BY PROVIDING SCHOLARSHIPS AND REFINANCING OF EDUCATION LOANS.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt04000000
IRS990/ProgSrvcAccomActy2Grp/GrantAmt04000000
IRS990/ProgSrvcAccomActy3Grp/Desc0ADMINISTRATIVE AGENT FEE AND INCIDENTAL EXPENSES ASSOCIATED WITH MANAGEMENT OF THE NOT FOR PROFIT SERVICING CONTRACT.
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt0206943
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt02000000
IRS990/PYInvestmentIncomeAmt036662
IRS990/PYOtherExpensesAmt07861045
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt010412030
IRS990/PYRevenuesLessExpensesAmt0587647
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt09861045
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt010448692
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-1822591
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd01
IRS990/RevenueAmt010474567
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt06381375
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt04558784
IRS990/SavingsAndTempCashInvstGrp/BOYAmt09623414
IRS990/SavingsAndTempCashInvstGrp/EOYAmt09073077
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0OTHER REVENUE - 2013 AMOUNT: $ 8,832.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME:
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt097196
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt036662
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt028858
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt021181
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt095331
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0279228
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt010681510
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt010351752
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt010925004
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt09359652
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt017256158
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt058574076
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt097196
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt036662
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt028858
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt021181
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt095331
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0279228
IRS990ScheduleA/InvestmentIncomeCYPct00.00470
IRS990ScheduleA/InvestmentIncomePYPct00.00370
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt08832
IRS990ScheduleA/OtherIncome509Grp/TotalAmt08832
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99510
IRS990ScheduleA/PublicSupportPY509Pct00.99490
IRS990ScheduleA/PublicSupportTotal509Amt058574076
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt010681510
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt010351752
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt010925004
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt09359652
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt017256158
IRS990ScheduleA/Total509Grp/TotalAmt058574076
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt010778706
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt010388414
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt010953862
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt09380833
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt017360321
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt058862136
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt0211473518
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0STUDENT LOAN PORTFOLIO
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0199180914
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1436723
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt274526
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt3254855
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt42000000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0BONDS PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DUE TO DOE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2OTHER PAYABLES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3INTEREST PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4CURRENT LIABILITIES
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueProgramRltdAmt0211473518
IRS990ScheduleD/TotalLiabilityAmt0201947018
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt04000000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0170(C)(1)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0SCHOLARSHIPS (2,000,000) REFINANCE PROGRAM (2,000,000)
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

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Filings

Displayed year

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

Open filing
Assets
$226,083,873
Liabilities
$202,093,182
Net assets
$23,990,691
Revenue
$10,778,706
Expenses
$12,601,297
Net income
-$1,822,591
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