Liabilities / Assets
92nd percentile
Higher debt load relative to assets than 92% of similar nonprofits.
990 • Fiscal year 2014 • EIN 06-0812178
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
Liabilities / Assets
92nd percentile
Higher debt load relative to assets than 92% of similar nonprofits.
Liabilities / Revenue
99th percentile
Higher debt load relative to revenue than 99% of similar nonprofits.
Net Margin
1st percentile
Higher net margin than 1% of similar nonprofits.
Top Officer Pay
2nd percentile
Higher top officer pay than 2% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
3rd percentile
Faster asset growth than 3% of similar nonprofits.
Revenue Growth
8th percentile
Faster revenue growth than 8% of similar nonprofits.
Assets
Down$409,029,802
Down $61,182,813 (-13%) from 2013
Net Assets
Down$33,503,868
Down $17,591,043 (-34%) from 2013
Liabilities
Down$375,525,934
Down $43,591,770 (-10%) from 2013
Revenue
Down$17,382,821
Down $2,695,498 (-13%) from 2013
Expenses
Up$34,963,616
Up $21,402,522 (+158%) from 2013
Net Income
Down-$17,580,795
Down $24,098,020 (-370%) from 2013
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.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Investments Program Related | $435,722,747 | $375,473,095 | ▼ $60,249,652 |
| Savings and Temporary Cash Investments | $27,567,117 | $26,870,271 | ▼ $696,846 |
| Cap Stk Tr Prin Current Funds | $21,014,972 | $24,055,282 | ▲ $3,040,310 |
| Rtn Earn Endowment Incm Other Fnds | $30,079,939 | $9,448,586 | ▼ $20,631,353 |
| Cash and Non-Interest-Bearing Accounts | $1,018,227 | $1,143,917 | ▲ $125,690 |
| Investments in Publicly Traded Securities | $158,846 | $148,598 | ▼ $10,248 |
| Prepaid Expenses and Deferred Charges | $18,989 | $32,861 | ▲ $13,872 |
| Pd in Cap Srpls Land Bldg Eqp Fund | $0 | $0 | → $0 |
| Total Assets | $470,212,615 | $409,029,802 | ▼ $61,182,813 |
| Other Assets Total | $5,726,689 | $5,361,060 | ▼ $365,629 |
| Liabilities | |||
| Other Liabilities | $415,650,000 | $373,000,000 | ▼ $42,650,000 |
| Accounts Payable and Accrued Expenses | $3,467,704 | $2,525,934 | ▼ $941,770 |
| Total Liabilities | $419,117,704 | $375,525,934 | ▼ $43,591,770 |
| Net Assets / Fund Balance | |||
| Total Net Assets Fund Balance | $51,094,911 | $33,503,868 | ▼ $17,591,043 |
| Total Liabilities and Net Assets / Fund Balance | $470,212,615 | $409,029,802 | ▼ $61,182,813 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Investment Program Related Org | $375,473,095 | - | - |
| Name | Title |
|---|---|
| Barbara Rubin | Chairman |
| Sarah Sanders | Vice Chairman |
| Dr Peter Lisi | Director |
| Erika Steiner | Director |
| Jeffrey Asher | Director |
| Julie Savino | Director |
| Martin Budd | Director |
| Paul Mutone | Director |
| Steven Kitowicz | Director |
| Jeanette W Weldon | Executive Director |
| Contractor | Services | Location | Compensation |
|---|---|---|---|
| US Department Of Education | Federal Family Loan Program | - | $10,299,555 |
| Edfinancial Services LLC | Loan Servicer For Student Loan Portfolio | - | $1,628,363 |
| Education Solution Partners LLC | Administrative Agent | - | $515,238 |
| Samuel A Ramirez & Co | Investment Banker | - | $159,695 |
| Pullman & Comley LLC | Attorney | - | $100,759 |
| Line Item | Amount |
|---|---|
| Grants and Similar Amounts Paid | $25,000,000 |
| Other Expenses | $9,963,616 |
| Professional Fundraising Fees | $0 |
| Salaries, Compensation, and Employee Benefits | $0 |
| Total Fundraising Expense | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Grants to Domestic Orgs | $25,000,000 | - | - | $25,000,000 |
| Fees for Services Management | - | $493,991 | - | $493,991 |
| Fees for Services Legal | - | $106,271 | - | $106,271 |
| Fees for Services Accounting | $51,000 | $9,000 | - | $60,000 |
| Insurance | $49,296 | $8,699 | - | $57,995 |
| Other Expenses | $20,035 | - | - | $20,035 |
| All Other Expenses | $6,182 | $2,061 | - | $8,243 |
| Travel | $4,964 | $876 | - | $5,840 |
| Total Functional Expenses | $34,342,718 | $620,898 | $0 | $34,963,616 |
| Line Item | Amount |
|---|---|
| Expenses per Audited Statements | $34,963,616 |
| Total Expenses per Audited Statements | $34,963,616 |
| Total Expenses per Form 990 | $34,963,616 |
| Expenses Not Reported on Financial Statements | $0 |
| Expenses Not Reported on Form 990 | $0 |
| Recipient | Location | Category | Purpose | Amount |
|---|---|---|---|---|
| 99-9999999 | - | - | Higher Education | $19,000,000 |
| 99-9999999 | - | - | Baby Scholars Program | $4,400,000 |
| 99-9999999 | - | - | Governors Scholarships | $1,600,000 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
| Liability | Amount |
|---|---|
| Bonds Payable | $352,400,000 |
| Legislative Mandates - Due to Board of Regents | $19,000,000 |
| LEGISLATIVE MANDATES - DUE TO GOVERNOR'S SCHOLARSHIP | $1,600,000 |
“Cslf contracted all administration to education solution partners, llc ("esp").”
“In july 2014, pursuant to public act no. 14-217, cslf was statutorily consolidated with the connecticut health and educational facilities authority as a subsidiary thereof and became a quasi-public agency of the state of connecticut. Cslf's fiscal year end will change effective october 1, 2014 to a june 30 fiscal year end.”
“Certain statutory board members are eligible to designate another individual to fill their position. Through june 2014, the govenor and various legislators are eligible to appoint board members. After july 2014, cslf board members are appointed by statute or designated by the chefa board.”
“Form 990 is reviewed by the board of directors prior to filing the return.”
“The organization makes its governing documents, conflict of interest policy and financial statements available to the public upon request.”
“Jeanette weldon, the executive director, and jeffrey asher, a director, are compensated by connecticut health and educational facilities authority (chefa). Chefa became the controlling entity on 7/1/14 which is when they were appointed as executive director and director of cslf. Therefore, there was no compensation on the 2013 w-2 that related to cslf.”
“In july 2014, public act no. 14-47 required cslf to transfer $4,400,000 to the connecticut higher education trust baby scholars program, $19,000,000 to the ct board of regents for higher education and $1,600,000 to the office of higher education for governors scholarships. As of september 30, 2014, $4,400,000 of the $25,000,000 legislative mandate was paid. $20,600,000 was recorded as payable at september 30, 2014.”
“Cslf has no unrecognized tax benefits at september 30, 2014. Cslf's federal and state income tax returns prior to fiscal year 2010 are closed and management continually evaluates expiring statutes of limitations, audits, proposed settlements and changes in tax law and new authoritative rulings. If applicable, cslf would recognize interest and penalties associated with tax matters as part of other operating expenses in the statement of revenues, expenses and changes in fund net position and include accrued interest and penalties in accrued expenses in the statement of net position. Cslf did not recognize any interest or penalties associated with tax matters for the year ended september 30, 2014.”
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
| Path | # | Value |
|---|---|---|
| IRS990/AccountantCompileOrReviewInd | 0 | 0 |
| IRS990/AccountsPayableAccrExpnssGrp/BOYAmt | 0 | 3467704 |
| IRS990/AccountsPayableAccrExpnssGrp/EOYAmt | 0 | 2525934 |
| IRS990/ActivitiesConductedPrtshpInd | 0 | 0 |
| IRS990/ActivityOrMissionDesc | 0 | 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. |
| IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt | 0 | 2061 |
| IRS990/AllOtherExpensesGrp/ProgramServicesAmt | 0 | 6182 |
| IRS990/AllOtherExpensesGrp/TotalAmt | 0 | 8243 |
| IRS990/AnnualDisclosureCoveredPrsnInd | 0 | 1 |
| IRS990/AuditCommitteeInd | 0 | 0 |
| IRS990/BackupWthldComplianceInd | 0 | 1 |
| IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1 | 0 | RANDALL BEHM EDUCATION SOLUTION PARTNERS |
| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 4402343220 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1 | 0 | 7271 ENGLE ROAD SUITE 101 |
| IRS990/BooksInCareOfDetail/USAddress/City | 0 | CLEVELAND |
| IRS990/BooksInCareOfDetail/USAddress/State | 0 | OH |
| IRS990/BooksInCareOfDetail/USAddress/ZIPCode | 0 | 44130 |
| IRS990/BusinessRlnWithFamMemInd | 0 | 0 |
| IRS990/BusinessRlnWithOfficerEntInd | 0 | 0 |
| IRS990/BusinessRlnWithOrgMemInd | 0 | 0 |
| IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt | 0 | 21014972 |
| IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt | 0 | 24055282 |
| IRS990/CashNonInterestBearingGrp/BOYAmt | 0 | 1018227 |
| IRS990/CashNonInterestBearingGrp/EOYAmt | 0 | 1143917 |
| IRS990/ChangeToOrgDocumentsInd | 0 | 1 |
| IRS990/CntrctRcvdGreaterThan100KCnt | 0 | 5 |
| IRS990/CollectionsOfArtInd | 0 | 0 |
| IRS990/CompensationFromOtherSrcsInd | 0 | 0 |
| IRS990/CompensationProcessCEOInd | 0 | 0 |
| IRS990/CompensationProcessOtherInd | 0 | 0 |
| IRS990/ConflictOfInterestPolicyInd | 0 | 1 |
| IRS990/ConservationEasementsInd | 0 | 0 |
| IRS990/ConsolidatedAuditFinclStmtInd | 0 | 0 |
| IRS990/ContractorCompensationGrp/CompensationAmt | 0 | 10299555 |
| IRS990/ContractorCompensationGrp/CompensationAmt | 1 | 1628363 |
| IRS990/ContractorCompensationGrp/CompensationAmt | 2 | 515238 |
| IRS990/ContractorCompensationGrp/CompensationAmt | 3 | 159695 |
| IRS990/ContractorCompensationGrp/CompensationAmt | 4 | 100759 |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1 | 0 | PO BOX 2324 |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1 | 1 | 298 NORTH SEVEN OAKS DRIVE |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1 | 2 | 7271 ENGLE ROAD SUITE 101 |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1 | 3 | 61 BROADWAY SUITE 2194 |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1 | 4 | 850 MAIN STREET |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/City | 0 | MONTGOMERY |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/City | 1 | KNOXVILLE |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/City | 2 | CLEVELAND |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/City | 3 | NEW YORK |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/City | 4 | BRIDGEPORT |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/State | 0 | AL |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/State | 1 | TN |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/State | 2 | OH |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/State | 3 | NY |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/State | 4 | CT |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCode | 0 | 36102 |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCode | 1 | 37922 |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCode | 2 | 44130 |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCode | 3 | 10006 |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCode | 4 | 06601 |
| IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1 | 0 | US DEPARTMENT OF EDUCATION |
| IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1 | 1 | EDFINANCIAL SERVICES LLC |
| IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1 | 2 | EDUCATION SOLUTION PARTNERS LLC |
| IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1 | 3 | SAMUEL A RAMIREZ & CO |
| IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1 | 4 | PULLMAN & COMLEY LLC |
| IRS990/ContractorCompensationGrp/ServicesDesc | 0 | FEDERAL FAMILY LOAN PROGRAM |
| IRS990/ContractorCompensationGrp/ServicesDesc | 1 | LOAN SERVICER FOR STUDENT LOAN PORTFOLIO |
| IRS990/ContractorCompensationGrp/ServicesDesc | 2 | ADMINISTRATIVE AGENT |
| IRS990/ContractorCompensationGrp/ServicesDesc | 3 | INVESTMENT BANKER |
| IRS990/ContractorCompensationGrp/ServicesDesc | 4 | ATTORNEY |
| IRS990/CreditCounselingInd | 0 | 0 |
| IRS990/CYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/CYContributionsGrantsAmt | 0 | 0 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 25000000 |
| IRS990/CYInvestmentIncomeAmt | 0 | 117831 |
| IRS990/CYOtherExpensesAmt | 0 | 9963616 |
| IRS990/CYOtherRevenueAmt | 0 | 8832 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 17256158 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | -17580795 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 0 |
| IRS990/CYTotalExpensesAmt | 0 | 34963616 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 0 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 17382821 |
| IRS990/DecisionsSubjectToApprovaInd | 0 | 0 |
| IRS990/DeductibleArtContributionInd | 0 | 0 |
| IRS990/DeductibleNonCashContriInd | 0 | 0 |
| IRS990/DelegationOfMgmtDutiesInd | 0 | 1 |
| IRS990/Desc | 0 | STUDENT LOAN SERVICING AND INTEREST ON STUDENT LOANS RECEIVABLES. |
| IRS990/DescribedInSection501c3Ind | 0 | 1 |
| IRS990/DisregardedEntityInd | 0 | 0 |
| IRS990/DocumentRetentionPolicyInd | 0 | 1 |
| IRS990/DonorAdvisedFundInd | 0 | 0 |
| IRS990/ElectionOfBoardMembersInd | 0 | 1 |
| IRS990/EmployeeCnt | 0 | 0 |
| IRS990/EngagedInExcessBenefitTransInd | 0 | 0 |
| IRS990/ExpenseAmt | 0 | 9282718 |
| IRS990/FamilyOrBusinessRlnInd | 0 | 0 |
| IRS990/FederalGrantAuditRequiredInd | 0 | 0 |
| IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt | 0 | 9000 |
| IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt | 0 | 51000 |
| IRS990/FeesForServicesAccountingGrp/TotalAmt | 0 | 60000 |
| IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt | 0 | 106271 |
| IRS990/FeesForServicesLegalGrp/TotalAmt | 0 | 106271 |
| IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt | 0 | 493991 |
| IRS990/FeesForServicesManagementGrp/TotalAmt | 0 | 493991 |
| IRS990/ForeignActivitiesInd | 0 | 0 |
| IRS990/ForeignFinancialAccountInd | 0 | 0 |
| IRS990/ForeignOfficeInd | 0 | 0 |
| IRS990/Form8282PropertyDisposedOfInd | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 0 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 1 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 2 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 3 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 4 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 5 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 6 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 7 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 8 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 9 | 15.00 |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 4 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 5 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 6 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 7 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 8 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 9 | 0 |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 0 | BARBARA RUBIN |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 1 | JEFFREY ASHER |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 2 | PAUL MUTONE |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 3 | MARTIN BUDD |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 4 | SARAH SANDERS |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 5 | JULIE SAVINO |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 6 | STEVEN KITOWICZ |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 7 | ERIKA STEINER |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 8 | DR PETER LISI |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 9 | JEANETTE W WELDON |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 9 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 9 | 0 |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 0 | CHAIRMAN |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | VICE CHAIRMAN |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 5 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 6 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 7 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 8 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 9 | EXECUTIVE DIRECTOR |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | 1 |
| IRS990/FormationYr | 0 | 1967 |
| IRS990/FormerOfcrEmployeesListedInd | 0 | 0 |
| IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd | 0 | X |
| IRS990/FSAuditedInd | 0 | 1 |
| IRS990/FundraisingActivitiesInd | 0 | 0 |
| IRS990/GainOrLossGrp/SecuritiesAmt | 0 | 22500 |
| IRS990/GamingActivitiesInd | 0 | 0 |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 9 |
| IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt | 0 | 25000000 |
| IRS990/GrantsToDomesticOrgsGrp/TotalAmt | 0 | 25000000 |
| IRS990/GrantsToIndividualsInd | 0 | 0 |
| IRS990/GrantsToOrganizationsInd | 0 | 1 |
| IRS990/GrantToRelatedPersonInd | 0 | 0 |
| IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt | 0 | 63250000 |
| IRS990/GrossReceiptsAmt | 0 | 80610321 |
| IRS990/GroupReturnForAffiliatesInd | 0 | 0 |
| IRS990/IncludeFIN48FootnoteInd | 0 | 1 |
| IRS990/IndependentAuditFinclStmtInd | 0 | 1 |
| IRS990/IndependentVotingMemberCnt | 0 | 9 |
| IRS990/IndivRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990/IndoorTanningServicesInd | 0 | 0 |
| IRS990/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990/InfoInScheduleOPartVIIInd | 0 | X |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InsuranceGrp/ManagementAndGeneralAmt | 0 | 8699 |
| IRS990/InsuranceGrp/ProgramServicesAmt | 0 | 49296 |
| IRS990/InsuranceGrp/TotalAmt | 0 | 57995 |
| IRS990/InvestmentIncomeGrp/ExclusionAmt | 0 | 95331 |
| IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt | 0 | 95331 |
| IRS990/InvestmentInJointVentureInd | 0 | 0 |
| IRS990/InvestmentsProgramRelatedGrp/BOYAmt | 0 | 435722747 |
| IRS990/InvestmentsProgramRelatedGrp/EOYAmt | 0 | 375473095 |
| IRS990/InvestmentsPubTradedSecGrp/BOYAmt | 0 | 158846 |
| IRS990/InvestmentsPubTradedSecGrp/EOYAmt | 0 | 148598 |
| IRS990/IRPDocumentCnt | 0 | 3 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LegalDomicileStateCd | 0 | CT |
| IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt | 0 | 63227500 |
| IRS990/LoanOutstandingInd | 0 | 0 |
| IRS990/LobbyingActivitiesInd | 0 | 0 |
| IRS990/LocalChaptersInd | 0 | 0 |
| IRS990/MaterialDiversionOrMisuseInd | 0 | 0 |
| IRS990/MembersOrStockholdersInd | 0 | 0 |
| IRS990/MethodOfAccountingAccrualInd | 0 | X |
| IRS990/MinutesOfCommitteesInd | 0 | 1 |
| IRS990/MinutesOfGoverningBodyInd | 0 | 1 |
| IRS990/MissionDesc | 0 | 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. |
| IRS990/MoreThan5000KToIndividualsInd | 0 | 0 |
| IRS990/MoreThan5000KToOrgInd | 0 | 0 |
| IRS990/NetAssetsOrFundBalancesBOYAmt | 0 | 51094911 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 33503868 |
| IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt | 0 | 22500 |
| IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt | 0 | 22500 |
| IRS990/NetUnrelatedBusTxblIncmAmt | 0 | 0 |
| IRS990/NetUnrlzdGainsLossesInvstAmt | 0 | -10248 |
| IRS990/NoListedPersonsCompensatedInd | 0 | X |
| IRS990/NondeductibleContributionsInd | 0 | 0 |
| IRS990/OfficerMailingAddressInd | 0 | 0 |
| IRS990/OperateHospitalInd | 0 | 0 |
| IRS990/Organization501c3Ind | 0 | X |
| IRS990/OrgDoesNotFollowSFAS117Ind | 0 | X |
| IRS990/OtherAssetsTotalGrp/BOYAmt | 0 | 5726689 |
| IRS990/OtherAssetsTotalGrp/EOYAmt | 0 | 5361060 |
| IRS990/OtherChangesInNetAssetsAmt | 0 | 0 |
| IRS990/OtherExpensesGrp/Desc | 0 | TRUST ESTATE/ SERVICING |
| IRS990/OtherExpensesGrp/Desc | 1 | BOND INTEREST |
| IRS990/OtherExpensesGrp/Desc | 2 | BAD DEBT EXPENSE |
| IRS990/OtherExpensesGrp/Desc | 3 | COLLECTION COSTS |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 0 | 4770962 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 1 | 4290279 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 2 | 150000 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 3 | 20035 |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 4770962 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | 4290279 |
| IRS990/OtherExpensesGrp/TotalAmt | 2 | 150000 |
| IRS990/OtherExpensesGrp/TotalAmt | 3 | 20035 |
| IRS990/OtherLiabilitiesGrp/BOYAmt | 0 | 415650000 |
| IRS990/OtherLiabilitiesGrp/EOYAmt | 0 | 373000000 |
| IRS990/OtherRevenueMiscGrp/BusinessCd | 0 | 900099 |
| IRS990/OtherRevenueMiscGrp/Desc | 0 | OTHER REVENUE |
| IRS990/OtherRevenueMiscGrp/ExclusionAmt | 0 | 8832 |
| IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt | 0 | 8832 |
| IRS990/OtherRevenueTotalAmt | 0 | 8832 |
| IRS990/OwnWebsiteInd | 0 | X |
| IRS990/PartialLiquidationInd | 0 | 0 |
| IRS990/PayPremiumsPrsnlBnftCntrctInd | 0 | 0 |
| IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt | 0 | 0 |
| IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt | 0 | 0 |
| IRS990/PoliticalCampaignActyInd | 0 | 0 |
| IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt | 0 | 18989 |
| IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt | 0 | 32861 |
| IRS990/PrincipalOfficerNm | 0 | JEANETTE WELDON |
| IRS990/ProfessionalFundraisingInd | 0 | 0 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 0 | 900099 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 1 | 900099 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 2 | 900099 |
| IRS990/ProgramServiceRevenueGrp/Desc | 0 | LOAN PORTFOLIO INTEREST |
| IRS990/ProgramServiceRevenueGrp/Desc | 1 | GUARANTEE PROGRAM REVENUE |
| IRS990/ProgramServiceRevenueGrp/Desc | 2 | NOT FOR PROFIT SERVICING INCOME |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 12739980 |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 1 | 4311105 |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 2 | 205073 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 0 | 12739980 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 1 | 4311105 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 2 | 205073 |
| IRS990/ProgSrvcAccomActy2Grp/Desc | 0 | NOT FOR PROFIT SERVICER PROGRAM |
| IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt | 0 | 60000 |
| IRS990/ProgSrvcAccomActy2Grp/RevenueAmt | 0 | 205073 |
| IRS990/ProgSrvcAccomActy3Grp/Desc | 0 | LEGISLATIVE MANDATES REQUIRED BY PUBLIC ACT NO. 14-47 |
| IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt | 0 | 25000000 |
| IRS990/ProgSrvcAccomActy3Grp/GrantAmt | 0 | 25000000 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990/PYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/PYContributionsGrantsAmt | 0 | 0 |
| IRS990/PYExcessBenefitTransInd | 0 | 0 |
| IRS990/PYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/PYInvestmentIncomeAmt | 0 | 70163 |
| IRS990/PYOtherExpensesAmt | 0 | 13561094 |
| IRS990/PYOtherRevenueAmt | 0 | 86456 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 19921700 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | 6517225 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 0 |
| IRS990/PYTotalExpensesAmt | 0 | 13561094 |
| IRS990/PYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/PYTotalRevenueAmt | 0 | 20078319 |
| IRS990/QuidProQuoContributionsInd | 0 | 0 |
| IRS990/RcvFndsToPayPrsnlBnftCntrctInd | 0 | 0 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | -17580795 |
| IRS990/RegularMonitoringEnfrcInd | 0 | 0 |
| IRS990/RelatedEntityInd | 0 | 1 |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990/ReportInvestmentsOtherSecInd | 0 | 0 |
| IRS990/ReportLandBuildingEquipmentInd | 0 | 0 |
| IRS990/ReportOtherAssetsInd | 0 | 0 |
| IRS990/ReportOtherLiabilitiesInd | 0 | 1 |
| IRS990/ReportProgramRelatedInvstInd | 0 | 1 |
| IRS990/RevenueAmt | 0 | 17051085 |
| IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt | 0 | 30079939 |
| IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt | 0 | 9448586 |
| IRS990/SavingsAndTempCashInvstGrp/BOYAmt | 0 | 27567117 |
| IRS990/SavingsAndTempCashInvstGrp/EOYAmt | 0 | 26870271 |
| IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/Form990ScheduleAPartIVGrp/ExplanationTxt | 0 | OTHER REVENUE - 2010 AMOUNT: $ 10,897. 2011 AMOUNT: $ 62,828. 2012 AMOUNT: $ 48,956. 2013 AMOUNT: $ 8,832. |
| IRS990ScheduleA/Form990ScheduleAPartIVGrp/FormAndLineReferenceDesc | 0 | SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 22733 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt | 0 | 22733 |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt | 0 | 95331 |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt | 0 | 70163 |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 11484 |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt | 0 | 18337 |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt | 0 | 195315 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt | 0 | 17256158 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt | 0 | 19921700 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt | 0 | 22709409 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt | 0 | 24607318 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt | 0 | 25353516 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt | 0 | 109848101 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt | 0 | 95331 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt | 0 | 70163 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt | 0 | 11484 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt | 0 | 18337 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt | 0 | 195315 |
| IRS990ScheduleA/InvestmentIncomeCYPct | 0 | 0.00180 |
| IRS990ScheduleA/InvestmentIncomePYPct | 0 | 0.00190 |
| IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt | 0 | 8832 |
| IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt | 0 | 48956 |
| IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 62828 |
| IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt | 0 | 10897 |
| IRS990ScheduleA/OtherIncome509Grp/TotalAmt | 0 | 131513 |
| IRS990ScheduleA/PubliclySupportedOrg509a2Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY509Pct | 0 | 0.99700 |
| IRS990ScheduleA/PublicSupportPY509Pct | 0 | 0.99810 |
| IRS990ScheduleA/PublicSupportTotal509Amt | 0 | 109870834 |
| IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind | 0 | X |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt | 0 | 17256158 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt | 0 | 19921700 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 22732142 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt | 0 | 24607318 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt | 0 | 25353516 |
| IRS990ScheduleA/Total509Grp/TotalAmt | 0 | 109870834 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt | 0 | 17360321 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt | 0 | 20040819 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt | 0 | 22806454 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt | 0 | 24636552 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt | 0 | 25353516 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt | 0 | 110197662 |
| IRS990/ScheduleBRequiredInd | 0 | 0 |
| IRS990ScheduleD/ExpensesNotReportedAmt | 0 | 0 |
| IRS990ScheduleD/ExpensesNotRptFinclStmtAmt | 0 | 0 |
| IRS990ScheduleD/ExpensesSubtotalAmt | 0 | 34963616 |
| IRS990ScheduleD/FootnoteTextInd | 0 | X |
| IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt | 0 | 375473095 |
| IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc | 0 | STUDENT LOAN PORTFOLIO |
| IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd | 0 | C |
| IRS990ScheduleD/NetUnrealizedGainsInvstAmt | 0 | -10248 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 0 | 352400000 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 1 | 19000000 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 2 | 1600000 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 0 | BONDS PAYABLE |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 1 | LEGISLATIVE MANDATES - DUE TO BOARD OF REGENTS |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 2 | LEGISLATIVE MANDATES - DUE TO GOVERNOR'S SCHOLARSHIP |
| IRS990ScheduleD/RevenueNotReportedAmt | 0 | -10248 |
| IRS990ScheduleD/RevenueNotReportedFinclStmtAmt | 0 | 0 |
| IRS990ScheduleD/RevenueSubtotalAmt | 0 | 17382821 |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 0 | CSLF HAS NO UNRECOGNIZED TAX BENEFITS AT SEPTEMBER 30, 2014. CSLF'S FEDERAL AND STATE INCOME TAX RETURNS PRIOR TO FISCAL YEAR 2010 ARE CLOSED AND MANAGEMENT CONTINUALLY EVALUATES EXPIRING STATUTES OF LIMITATIONS, AUDITS, PROPOSED SETTLEMENTS AND CHANGES IN TAX LAW AND NEW AUTHORITATIVE RULINGS. IF APPLICABLE, CSLF WOULD RECOGNIZE INTEREST AND PENALTIES ASSOCIATED WITH TAX MATTERS AS PART OF OTHER OPERATING EXPENSES IN THE STATEMENT OF REVENUES, EXPENSES AND CHANGES IN FUND NET POSITION AND INCLUDE ACCRUED INTEREST AND PENALTIES IN ACCRUED EXPENSES IN THE STATEMENT OF NET POSITION. CSLF DID NOT RECOGNIZE ANY INTEREST OR PENALTIES ASSOCIATED WITH TAX MATTERS FOR THE YEAR ENDED SEPTEMBER 30, 2014. |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | PART X, LINE 2: |
| IRS990ScheduleD/TotalBookValueLandBuildingsAmt | 0 | 0 |
| IRS990ScheduleD/TotalBookValueProgramRltdAmt | 0 | 375473095 |
| IRS990ScheduleD/TotalExpensesPerForm990Amt | 0 | 34963616 |
| IRS990ScheduleD/TotalLiabilityAmt | 0 | 373000000 |
| IRS990ScheduleD/TotalRevenuePerForm990Amt | 0 | 17382821 |
| IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt | 0 | 17372573 |
| IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt | 0 | 34963616 |
| IRS990ScheduleI/GrantRecordsMaintainedInd | 0 | 1 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 0 | 19000000 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 1 | 1600000 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 2 | 4400000 |
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Displayed year
2014 • Form 990Detailed filing. Detailed filing data is available for this year.