Civic Intelligence

Connecticut Student Loan Foundation C/O Education Solution Partners LLC

990 • Fiscal year 2014 • EIN 06-0812178

Oct 01, 2013 to Sep 30, 2014 • Filed on Mar 23, 2015

7271 Engle Road Suite 101Hartford, CT 44130

(440) 234-3250

Siviq Scores

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

Liabilities / Assets

92nd percentile

0.92x

Higher debt load relative to assets than 92% of similar nonprofits.

2014 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2014

Liabilities / Revenue

99th percentile

21.60x

Higher debt load relative to revenue than 99% of similar nonprofits.

2014 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2014

Net Margin

1st percentile

-101%

Higher net margin than 1% of similar nonprofits.

2014 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2014

Top Officer Pay

2nd percentile

$0

Higher top officer pay than 2% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2014 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2014

Asset Growth

3rd percentile

-13%

Faster asset growth than 3% of similar nonprofits.

2014 filings • 501(c)3 • $250M-$1B nonprofits • Annualized from 2013 to 2014

Revenue Growth

8th percentile

-13%

Faster revenue growth than 8% of similar nonprofits.

2014 filings • 501(c)3 • $250M-$1B nonprofits • Annualized from 2013 to 2014

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

Historical Trend

Balance Sheet Trend

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

2014

Assets$409,029,802
Liabilities$375,525,934
Net Assets$33,503,868

Operations Trend

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

2014

Revenue$17,382,821
Expenses$34,963,616
Net Income-$17,580,795
Jump To
Filing Snapshot
Filing Period
Oct 1, 2013 to Sep 30, 2014
Signed
Mar 23, 2015
Return Version
2013v4.0
Gross Receipts
$80,610,321
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$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 Categories

AssetBook ValueDepreciationBasis
Investment Program Related Org$375,473,095--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Barbara RubinChairman
Sarah SandersVice Chairman
Dr Peter LisiDirector
Erika SteinerDirector
Jeffrey AsherDirector
Julie SavinoDirector
Martin BuddDirector
Paul MutoneDirector
Steven KitowiczDirector
Jeanette W WeldonExecutive Director

Highest Paid Contractors

ContractorServicesLocationCompensation
US Department Of EducationFederal Family Loan Program-$10,299,555
Edfinancial Services LLCLoan Servicer For Student Loan Portfolio-$1,628,363
Education Solution Partners LLCAdministrative Agent-$515,238
Samuel A Ramirez & CoInvestment Banker-$159,695
Pullman & Comley LLCAttorney-$100,759
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$17,256,158
Investment Income
$117,831
Other Revenue
$8,832
Change in Net Assets
$-17,580,795

Audited Revenue Reconciliation

Revenue per Audited Statements
$17,382,821
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$-10,248
Total Revenue per Audited Statements
$17,372,573
Total Revenue per Form 990
$17,382,821
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
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

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
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

Audited Expense Reconciliation

Line ItemAmount
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
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
99-9999999--Higher Education$19,000,000
99-9999999--Baby Scholars Program$4,400,000
99-9999999--Governors Scholarships$1,600,000
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$352,400,000
Legislative Mandates - Due to Board of Regents$19,000,000
LEGISLATIVE MANDATES - DUE TO GOVERNOR'S SCHOLARSHIP$1,600,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
Yes
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
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 4

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.

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

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, Part VI, Section B, Line 11

Form 990 is reviewed by the board of directors prior to filing the return.

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.

Form 990 Part VII

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.

Filing and Contact Details

Filer

EIN
06-0812178
Phone
4402343250

Signing Officer

Name
Jeanette Weldon
Title
Executive Director
Phone
4402343220
Signed
2015-03-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jeanette Weldon
Formed
1967
Legal Domicile
Ct
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
0

Preparer

Preparer
Patricia Mcgowan
Phone
9592007000
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 2

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.

Financial Statement Notes

PART X, LINE 2:

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.

Raw XML AppendixShowing 400 of 550 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/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt09
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt025000000
IRS990/GrantsToDomesticOrgsGrp/TotalAmt025000000
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt063250000
IRS990/GrossReceiptsAmt080610321
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt09
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt08699
IRS990/InsuranceGrp/ProgramServicesAmt049296
IRS990/InsuranceGrp/TotalAmt057995
IRS990/InvestmentIncomeGrp/ExclusionAmt095331
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt095331
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsProgramRelatedGrp/BOYAmt0435722747
IRS990/InvestmentsProgramRelatedGrp/EOYAmt0375473095
IRS990/InvestmentsPubTradedSecGrp/BOYAmt0158846
IRS990/InvestmentsPubTradedSecGrp/EOYAmt0148598
IRS990/IRPDocumentCnt03
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0CT
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt063227500
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/NetAssetsOrFundBalancesBOYAmt051094911
IRS990/NetAssetsOrFundBalancesEOYAmt033503868
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt022500
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt022500
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-10248
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt05726689
IRS990/OtherAssetsTotalGrp/EOYAmt05361060
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0TRUST ESTATE/ SERVICING
IRS990/OtherExpensesGrp/Desc1BOND INTEREST
IRS990/OtherExpensesGrp/Desc2BAD DEBT EXPENSE
IRS990/OtherExpensesGrp/Desc3COLLECTION COSTS
IRS990/OtherExpensesGrp/ProgramServicesAmt04770962
IRS990/OtherExpensesGrp/ProgramServicesAmt14290279
IRS990/OtherExpensesGrp/ProgramServicesAmt2150000
IRS990/OtherExpensesGrp/ProgramServicesAmt320035
IRS990/OtherExpensesGrp/TotalAmt04770962
IRS990/OtherExpensesGrp/TotalAmt14290279
IRS990/OtherExpensesGrp/TotalAmt2150000
IRS990/OtherExpensesGrp/TotalAmt320035
IRS990/OtherLiabilitiesGrp/BOYAmt0415650000
IRS990/OtherLiabilitiesGrp/EOYAmt0373000000
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0OTHER REVENUE
IRS990/OtherRevenueMiscGrp/ExclusionAmt08832
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt08832
IRS990/OtherRevenueTotalAmt08832
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt018989
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt032861
IRS990/PrincipalOfficerNm0JEANETTE WELDON
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/BusinessCd2900099
IRS990/ProgramServiceRevenueGrp/Desc0LOAN PORTFOLIO INTEREST
IRS990/ProgramServiceRevenueGrp/Desc1GUARANTEE PROGRAM REVENUE
IRS990/ProgramServiceRevenueGrp/Desc2NOT FOR PROFIT SERVICING INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt012739980
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt14311105
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2205073
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt012739980
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt14311105
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2205073
IRS990/ProgSrvcAccomActy2Grp/Desc0NOT FOR PROFIT SERVICER PROGRAM
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt060000
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0205073
IRS990/ProgSrvcAccomActy3Grp/Desc0LEGISLATIVE MANDATES REQUIRED BY PUBLIC ACT NO. 14-47
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt025000000
IRS990/ProgSrvcAccomActy3Grp/GrantAmt025000000
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt070163
IRS990/PYOtherExpensesAmt013561094
IRS990/PYOtherRevenueAmt086456
IRS990/PYProgramServiceRevenueAmt019921700
IRS990/PYRevenuesLessExpensesAmt06517225
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt013561094
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt020078319
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-17580795
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd01
IRS990/RevenueAmt017051085
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt030079939
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt09448586
IRS990/SavingsAndTempCashInvstGrp/BOYAmt027567117
IRS990/SavingsAndTempCashInvstGrp/EOYAmt026870271
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/Form990ScheduleAPartIVGrp/ExplanationTxt0OTHER REVENUE - 2010 AMOUNT: $ 10,897. 2011 AMOUNT: $ 62,828. 2012 AMOUNT: $ 48,956. 2013 AMOUNT: $ 8,832.
IRS990ScheduleA/Form990ScheduleAPartIVGrp/FormAndLineReferenceDesc0SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME:
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt022733
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt022733
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt095331
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt070163
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt011484
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt018337
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0195315
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt017256158
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt019921700
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt022709409
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt024607318
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt025353516
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0109848101
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt095331
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt070163
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt011484
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt018337
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0195315
IRS990ScheduleA/InvestmentIncomeCYPct00.00180
IRS990ScheduleA/InvestmentIncomePYPct00.00190
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt08832
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt048956
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt062828
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt010897
IRS990ScheduleA/OtherIncome509Grp/TotalAmt0131513
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99700
IRS990ScheduleA/PublicSupportPY509Pct00.99810
IRS990ScheduleA/PublicSupportTotal509Amt0109870834
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt017256158
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt019921700
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt022732142
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt024607318
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt025353516
IRS990ScheduleA/Total509Grp/TotalAmt0109870834
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt017360321
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt020040819
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt022806454
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt024636552
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt025353516
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0110197662
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt034963616
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt0375473095
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0STUDENT LOAN PORTFOLIO
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-10248
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0352400000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt119000000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt21600000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0BONDS PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1LEGISLATIVE MANDATES - DUE TO BOARD OF REGENTS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2LEGISLATIVE MANDATES - DUE TO GOVERNOR'S SCHOLARSHIP
IRS990ScheduleD/RevenueNotReportedAmt0-10248
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt017382821
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0CSLF 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/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueProgramRltdAmt0375473095
IRS990ScheduleD/TotalExpensesPerForm990Amt034963616
IRS990ScheduleD/TotalLiabilityAmt0373000000
IRS990ScheduleD/TotalRevenuePerForm990Amt017382821
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt017372573
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt034963616
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt019000000
IRS990ScheduleI/RecipientTable/CashGrantAmt11600000
IRS990ScheduleI/RecipientTable/CashGrantAmt24400000

Document Assets

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Filings

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