Civic Intelligence

Pheaa Student Loan Foundation Inc.

990 • Fiscal year 2018 • EIN 51-0423553

Jul 01, 2017 to Jun 30, 2018 • Filed on Jan 24, 2019

Organization ProfileN/A
1200 North Seventh StreetHarrisburg, PA 17102

(717) 720-2023

Siviq Scores

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

Liabilities / Assets

93rd percentile

0.94x

Higher debt load relative to assets than 93% of similar nonprofits.

2018 filings • 501(c)3 • $1B+ nonprofits • Source year 2018

Liabilities / Revenue

98th percentile

21.17x

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

2018 filings • 501(c)3 • $1B+ nonprofits • Source year 2018

Net Margin

86th percentile

30%

Higher net margin than 86% of similar nonprofits.

2018 filings • 501(c)3 • $1B+ nonprofits • Source year 2018

Top Officer Pay

3rd percentile

$257,180

Higher top officer pay than 3% of similar nonprofits.

Top officer pay equals 0.1% of source-year revenue.

2018 filings • 501(c)3 • $1B+ nonprofits • Source year 2018

Asset Growth

3rd percentile

-13%

Faster asset growth than 3% of similar nonprofits.

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

Revenue Growth

17th percentile

-0.2%

Faster revenue growth than 17% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets93rd percentile

Assets

Down

$3,891,721,776

Down $571,689,649 (-13%) from 2017

Net Assets

Up

$246,504,075

Up $29,562,206 (+14%) from 2017

Liabilities

Down

$3,645,217,701

Down $601,251,855 (-14%) from 2017

Revenue And Expenses
Liabilities / Revenue98th percentileNet Margin86th percentile

Revenue

Down

$172,185,925

Down $368,630 (-0.2%) from 2017

Expenses

Up

$121,363,208

Up $8,441,142 (+7.5%) from 2017

Net Income

Down

$50,822,717

Down $8,809,772 (-15%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth3rd percentile

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

$6.0B$4.0B$2.0B$0-$2.0BAssets 2011: $1,699,569,222Liabilities 2011: $1,613,849,571Net Assets 2011: $85,719,6512011Assets 2012: $3,055,592,954Liabilities 2012: $3,067,965,596Net Assets 2012: -$12,372,6422012Assets 2013: $3,247,184,170Liabilities 2013: $3,251,011,017Net Assets 2013: -$3,826,8472013Assets 2014: $4,493,587,660Liabilities 2014: $4,476,947,657Net Assets 2014: $16,640,0032014Assets 2015: $5,765,471,009Liabilities 2015: $5,622,433,989Net Assets 2015: $143,037,0202015Assets 2016: $4,891,740,041Liabilities 2016: $4,703,476,149Net Assets 2016: $188,263,8922016Assets 2017: $4,463,411,425Liabilities 2017: $4,246,469,556Net Assets 2017: $216,941,8692017Assets 2018: $3,891,721,776Liabilities 2018: $3,645,217,701Net Assets 2018: $246,504,0752018Assets 2019: $3,504,450,278Liabilities 2019: $3,242,524,953Net Assets 2019: $261,925,3252019Assets 2020: $3,029,973,651Liabilities 2020: $2,758,199,510Net Assets 2020: $271,774,1412020Assets 2021: $2,561,941,161Liabilities 2021: $2,343,337,053Net Assets 2021: $218,604,1082021Assets 2022: $2,204,662,034Liabilities 2022: $2,022,543,011Net Assets 2022: $182,119,0232022Assets 2023: $1,729,101,883Liabilities 2023: $1,551,837,389Net Assets 2023: $177,264,4942023Assets 2024: $1,394,931,633Liabilities 2024: $1,236,940,919Net Assets 2024: $157,990,7142024Assets 2025: $1,052,214,630Liabilities 2025: $919,851,350Net Assets 2025: $132,363,2802025

Highlighted filing

2018

Assets$3,891,721,776
Liabilities$3,645,217,701
Net Assets$246,504,075
Open 2018 Filing

Operations Trend

Revenue Growth17th percentile

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

$200M$150M$100M$50M$0Expenses 2011: $30,159,5482011Revenue 2012: $185,161,112Expenses 2012: $64,792,659Net Income 2012: $120,368,4532012Expenses 2013: $60,711,3582013Revenue 2014: $106,067,073Expenses 2014: $86,649,514Net Income 2014: $19,417,5592014Revenue 2015: $137,826,612Expenses 2015: $100,492,751Net Income 2015: $37,333,8612015Revenue 2016: $153,655,863Expenses 2016: $95,919,719Net Income 2016: $57,736,1442016Revenue 2017: $172,554,555Expenses 2017: $112,922,066Net Income 2017: $59,632,4892017Revenue 2018: $172,185,925Expenses 2018: $121,363,208Net Income 2018: $50,822,7172018Revenue 2019: $174,319,994Expenses 2019: $140,200,416Net Income 2019: $34,119,5782019Revenue 2020: $118,674,188Expenses 2020: $94,067,743Net Income 2020: $24,606,4452020Revenue 2021: $62,263,468Expenses 2021: $43,063,987Net Income 2021: $19,199,4812021Revenue 2022: $55,394,256Expenses 2022: $41,474,609Net Income 2022: $13,919,6472022Revenue 2023: $104,214,880Expenses 2023: $92,848,038Net Income 2023: $11,366,8422023Revenue 2024: $108,947,435Expenses 2024: $100,456,887Net Income 2024: $8,490,5482024Revenue 2025: $71,037,628Expenses 2025: $65,646,345Net Income 2025: $5,391,2832025

Highlighted filing

2018

Revenue$172,185,925
Expenses$121,363,208
Net Income$50,822,717
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Jan 24, 2019
Return Version
2017v2.3
Gross Receipts
$172,185,925
Mission and Program Overview

Mission

The foundation, a non-stock, nonprofit corporation incorporated under pennsylvania's nonprofit corporation law of 1988, as amended, is organized to carry out student loan securitization transactions for the benefit of, or to carry out the purposes of, the pennsylvania higher education assistance agency ('pheaa'), a state agency of the commonwealth of pennsylvania ('commonwealth'), created and controlled by the commonwealth's legislature. The foundation's exempt purpose is to facilitate the securitization of student loans in order to raise funds for pheaa so that pheaa may continue to make, service and buy student loans and to otherwise improve higher educational opportunities for students, and for any of pheaas statutory purposes, thereby lessening pheaas burdens of government.

See Schedule O

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$4,251,641,953$3,709,784,790▼ $541,857,163
Savings and Temporary Cash Investments$137,691,021$93,703,689▼ $43,987,332
Accounts Receivable$65,086,426$79,349,863▲ $14,263,437
Cash and Non-Interest-Bearing Accounts$8,986,173$8,883,434▼ $102,739
Prepaid Expenses and Deferred Charges$5,852$0▼ $5,852
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Land, Buildings, and Equipment, Net$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$4,463,411,425$3,891,721,776▼ $571,689,649
Other Assets Total$0$0→ $0
Liabilities
Mortgage Notes Payable Secured by Investment Property$4,229,808,288$3,638,269,940▼ $591,538,348
Accounts Payable and Accrued Expenses$16,661,268$6,947,761▼ $9,713,507
Grants Payable$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$4,246,469,556$3,645,217,701▼ $601,251,855
Net Assets / Fund Balance
Unrestricted Net Assets$216,941,869$246,504,075▲ $29,562,206
Permanently Rstr Net Assets$0$0→ $0
Temporarily Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$216,941,869$246,504,075▲ $29,562,206
Total Liabilities and Net Assets / Fund Balance$4,463,411,425$3,891,721,776▼ $571,689,649
Compensation and Service Providers
Top Officer Pay3rd percentile

Employees

NameTitleOtherTotal
Jeffrey R EverhartDirector$3,000$3,000
Raye D GoldsboroughDirector (through 06/2018)$1,500$1,500
Ruth Bradleydirector$1,500$1,500

Board Members and Trustees

NameTitle
Nathaniel D HenchPresident and Director
Andrew D MehalkoSecretary and Director
James H SteelyTreasurer & Director

Highest Paid Contractors

ContractorServicesLocationCompensation
PheaaLoan Servicing1200 N 7th Street, Harrisburg, PA 17102$21,542,125
BMO Capital MarketsBroker/Dealer115 S Lasalle St 25th Floor West, Chicago, IL 60603$2,153,168
MT BankTrustee213 Market St 2nd Floor, Harrisburg, PA 17101$708,180
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$130,456,556
Investment Income
$1,520,753
Other Revenue
$40,208,616
Change in Net Assets
$50,822,717
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$121,363,208
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$94,587,953--$94,587,953
Other Expenses$1,853,168--$1,853,168
All Other Expenses$1,056,645--$1,056,645
Fees for Services Accounting$28,500--$28,500
Total Functional Expenses$121,363,208$0$0$121,363,208
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
No
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
No
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 7A

“All directors shall be appointed by resolution of the executive committee of the pennsylvania higher education assistance agency ("pheaa"). If pheaa's executive committee fails to appoint directors, the president judge of the commonwealth court of pennsylvania shall have the power to appoint the directors.”

Form 990, Part VI, Line 8B

“The foundation does not have any committees.”

Form 990, Part VI, Line 9

“ADDRESS OF DIRECTORS THAT CANNOT BE REACHED AT THE FOUNDATION'S MAILING ADDRESS: JEFFREY R. EVERHART 500 Delaware Avenue, 11th Floor WILMINGTON, DE 19801 Raye D. Goldsborough (July 1, 2017-May 15, 2018) 500 Delaware Avenue, 11th Floor Wilmington, DE 19801 Ruth Bradley (May 16, 2018-June 30, 2018) 500 Delaware Avenue, 11th Floor Wilmington, DE 19801”

Form 990, Part VI, Line 11B

“THE PHEAA STUDENT LOAN FOUNDATION ENGAGES AN INDEPENDENT ACCOUNTING FIRM TO ASSIST IN THE COMPILATION AND COMPLETION OF FORM 990. IT IS REVIEWED BY OUTSIDE LEGAL COUNSEL, WHO PROVIDED COMMENTS AND ADVIce AS TO POTENTIAL FACTUAL ISSUES. THE 990 IS THEN PROVIDED TO EACH DIRECTOR FOR THEIR REVIEW PRIOR TO SUBMISSION TO THE IRS.”

Form 990, Part VI, Line 15

“The pheaa student loan foundation (the "foundation") has two (2) independent directors whose compensation is determined based upon the market rate of compensation paid to independent directors of similarly situated bankruptcy-remote special purpose entities. The officers of the foundation receive compensation from the pennsylvania higher education assistance agency.”

Form 990, Part VI, Line 19

“The foundation makes its governing documents and financial statements available to the general public upon request.”

Filing and Contact Details

Filer

Filer Name
Pheaa Student Loan Foundation Inc
EIN
51-0423553
In Care Of
% JAMES H STEELEY
Phone
7177202023
Address
1200 North Seventh Street, Harrisburg, PA 17102

Signing Officer

Name
James H Steeley
Title
Treasurer
Phone
7177202023
Signed
2019-01-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Nathaniel Hench
Formed
2002
Legal Domicile
Pa
Voting Board Members
5
Independent Board Members
2
Employees
0
Volunteers
0

Preparer

Firm
Ernst & Young US Llp
Address
5 TIMES SQUARE, NEW YORK, NY 10036
Preparer
Nicole M Sokolowski
Phone
2127733000
Supplemental Narrative

Additional Explanations

FORM 990, PART I, Line 1

“The Foundation is organized to carry out student loan securitization transactions for the benefit of PHEAA so PHEAA can improve higher education opportunities for students and facilitate its other governmental purposes. FORM 990, PART IV, LINE 12 & PART XII, LINE 2 THE FINANCIAL STATEMENTS OF THE FOUNDATION ARE NOT COMPILED OR REVIEWED BY AN INDEPENDENT ACCOUNTANT, NOR ARE THEY AUDITED BY AN INDEPENDENT ACCOUNTANT. HOWEVER, THE PHEAA STUDENT LOAN TRUST I, TRUST 2011-1, TRUST 2012-1, TRUST 2013-1, TRUST 2013-2, WAREHOUSE TRUST 2013-1, TRUST 2013-3, TRUST 2014-1, TRUST 2014-2, TRUST 2014-3 AND TRUST 2015-1, TRUST 2016-1 AND TRUST 2016-2 HAVE ANNUAL INDEPENDENT AUDITS OF THEIR RESPECTIVE FINANCIAL STATEMENTS PREPARED ANNUALLY, AND ARE INCLUDED IN PHEAAS ANNUAL AUDITED FINANCIAL STATEMENTS.”

Form 990, Part V, Line 1A

“1099s are not issued by the organization for the independent contractors reported in part vii, section b because the payments are made to corporations and therefore are not required to be reported to the payee on a form 1099, per the irs instructions.”

Form 990, Part XI, Line 9

“Equity contribution ($10,636,756) residual transfer to pheaa ($10,623,755) ============== total ($21,260,511)”

Form 990, Part XII, Line 1

“Cash basis - the pheaa student loan foundation (the "foundation") uses the cash method of accounting. As of the end of the reporting period, the foundation had formed special purpose trusts known as the pheaa student loan trust i ( "trust i"), pheaa student loan trust 2011-1 ("trust 2011-1"), pheaa student loan trust 2012-1 ("trust 2012-1), pheaa student loan trust 2013-1 ("trust 2013-1"),pheaa student loan trust 2013-2 ("trust 2013-2"), pheaa warehouse facility trust ("warehouse trust 2013-1"), pheaa student loan trust 2013-3 ("trust 2013-3"), pheaa student loan trust 2014-1 ("trust 2014-1"), pheaa student loan trust 2014-2 ("trust 2014-2"), pheaa student loan trust 2014-3 ("trust 2014-3"), pheaa student loan trust 2015-1 ("trust 2015-1"), pheaa student loan trust 2016-1("trust 2016-1")and pheaa student loan trust 2016-2 ("trust 2016-2"), and collectively with trust i, trust 2011-1, trust 2012-1 trust 2013-1, trust 2013-2, warehouse trust 2013-1, trust 2013-3, trust 2014-1, trust 2014-2, trust 2014-3, trust 2015-1, trust 2016-1 and trust 2016-2, (the "trusts").”

Raw XML AppendixShowing 400 of 711 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.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt016661268
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt06947761
IRS990/AccountsReceivableGrp/BOYAmt065086426
IRS990/AccountsReceivableGrp/EOYAmt079349863
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0See Schedule O
IRS990/AdvertisingGrp/TotalAmt00
IRS990/AllOtherExpensesGrp/ProgramServicesAmt01056645
IRS990/AllOtherExpensesGrp/TotalAmt01056645
IRS990/AuditCommitteeInd0false
IRS990/BenefitsToMembersGrp/TotalAmt00
IRS990/BooksInCareOfDetail/PersonNm0JAMES H STEELEY
IRS990/BooksInCareOfDetail/PhoneNum07177202023
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt01200 N 7TH STREET
IRS990/BooksInCareOfDetail/USAddress/CityNm0Harrisburg
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0PA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd017102
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt08986173
IRS990/CashNonInterestBearingGrp/EOYAmt08883434
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CntrctRcvdGreaterThan100KCnt03
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt00
IRS990/CompDisqualPersonsGrp/TotalAmt00
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConferencesMeetingsGrp/TotalAmt00
IRS990/ConflictOfInterestPolicyInd0false
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0true
IRS990/ContractorCompensationGrp/CompensationAmt021542125
IRS990/ContractorCompensationGrp/CompensationAmt12153168
IRS990/ContractorCompensationGrp/CompensationAmt2708180
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt01200 N 7th Street
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt1115 S Lasalle St 25th Floor West
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt2213 Market St 2nd Floor
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm0HARRISBURG
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm1CHICAGO
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm2HARRISBURG
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd0PA
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd1IL
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd2PA
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd017102
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd160603
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd217101
IRS990/ContractorCompensationGrp/ContractorName/PersonNm0PHEAA
IRS990/ContractorCompensationGrp/ContractorName/PersonNm1BMO Capital Markets
IRS990/ContractorCompensationGrp/ContractorName/PersonNm2MT Bank
IRS990/ContractorCompensationGrp/ServicesDesc0Loan Servicing
IRS990/ContractorCompensationGrp/ServicesDesc1Broker/Dealer
IRS990/ContractorCompensationGrp/ServicesDesc2Trustee
IRS990/CostOfGoodsSoldAmt00
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt01520753
IRS990/CYOtherExpensesAmt0121363208
IRS990/CYOtherRevenueAmt040208616
IRS990/CYProgramServiceRevenueAmt0130456556
IRS990/CYRevenuesLessExpensesAmt050822717
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt0121363208
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0172185925
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DeferredRevenueGrp/BOYAmt00
IRS990/DeferredRevenueGrp/EOYAmt00
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/TotalAmt00
IRS990/Desc0THE PHEAA STUDENT LOAN FOUNDATION, INC., A NON-STOCK, NONPROFIT CORPORATION INCORPORATED UNDER PENNSYLVANIA'S NONPROFIT CORPORATION LAW OF 1988, AS AMENDED (THE 'FOUNDATION') IS ORGANIZED TO CARRY OUT STUDENT LOAN SECURITIZATION TRANSACTIONS FOR THE BENEFIT OF, OR TO CARRY OUT THE PURPOSES OF, THE PENNSYLVANIA HIGHER EDUCATION ASSISTANCE AGENCY ('PHEAA'), A STATE AGENCY OF THE COMMONWEALTH OF PENNSYLVANIA ('COMMONWEALTH'),CREATED AND CONTROLLED BY THE COMMONWEALTH'S LEGISLATURE. THE FOUNDATION'S EXEMPT PURPOSE IS TO FACILITATE THE SECURITIZATION OF STUDENT LOANS IN ORDER TO RAISE FUNDS FOR PHEAA SO THAT PHEAA MAY CONTINUE TO MAKE, SERVICE AND BUY STUDENT LOANS AND TO OTHERWISE IMPROVE HIGHER EDUCATIONAL OPPORTUNITIES FOR STUDENTS, THEREBY LESSENING PHEAAS BURDENS OF GOVERNMENT. AS OF THE END OF THE REPORTING PERIOD, THE FOUNDATION HAD FORMED THIRTEEN SPECIAL PURPOSE TRUSTS KNOWN AS THE PHEAA STUDENT LOAN TRUST I ( 'TRUST I'), PHEAA STUDENT LOAN TRUST 2011-1 ("TRUST 2011-1"), PHEAA STUDENT LOAN TRUST 2012-1 ("TRUST 2012-1"), PHEAA STUDENT LOAN TRUST 2013-1 ("TRUST 2013-1"), PHEAA STUDENT LOAN TRUST 2013-2 ("TRUST 2013-2"), PHEAA WAREHOUSE FACILITY TRUST ("WAREHOUSE TRUST 2013-1"), PHEAA STUDENT LOAN TRUST 2013-3 ("TRUST 2013-3"), PHEAA STUDENT LOAN TRUST 2014-1 ("TRUST 2014-1"), PHEAA STUDENT LOAN TRUST 2014-2 ("TRUST 2014-2"), PHEAA STUDENT LOAN TRUST 2014-3 ("TRUST 2014-3"), PHEAA STUDENT LOAN TRUST 2015-1 ("TRUST 2015-1"), PHEAA STUDENT LOAN TRUST 2016-1 ("TRUST 2016-1")AND PHEAA STUDENT LOAN TRUST 2016-2 ("TRUST 2016-2"), AND COLLECTIVELY WITH TRUST I, TRUST 2011-1, TRUST 2012-1, TRUST 2013-1, TRUST 2013-2, WAREHOUSE TRUST 2013-1, TRUST 2013-3, TRUST 2014-1, TRUST 2014-2, TRUST 2014-3, TRUST 2015-1, TRUST 2016-1 AND TRUST 2016-2, THE "TRUSTS"). ON JULY 14, 2011 TRUST 2011-1 ISSUED NOTES IN THE AMOUNT OF $1,676,400,000 AND USED SUBSTANTIALLY ALL OF THE PROCEEDS OF THE NOTES TO PURCHASE CERTAIN STUDENT LOANS. ON NOVEMBER 14, 2012, TRUST 2012-1 ISSUED NOTES IN THE AMOUNT OF $536,400,000 AND USED SUBSTANTIALLY ALL OF THE PROCEEDS OF THE NOTES TO PURCHASE CERTAIN STUDENT LOANS. ON JUNE 12, 2013, TRUST 2013-1 ISSUED NOTES IN THE AMOUNT OF $583,950,000 AND USED SUBSTANTIALLY ALL OF THE PROCEEDS OF THE NOTES TO PURCHASE CERTAIN STUDENT LOANS. ON JULY 30, 2013, TRUST 2013-2 ISSUED NOTES IN THE AMOUNT OF $331,300,000 AND USED SUBSTANTIALLY ALL OF THE PROCEEDS OF THE NOTES TO PURCHASE CERTAIN STUDENT LOANS. ON NOVEMBER 20, 2013, TRUST 2013-3 ISSUED NOTES IN THE AMOUNT OF $517,850,000 AND USED SUBSTANTIALLY ALL OF THE PROCEEDS OF THE NOTES TO PURCHASE CERTAIN STUDENT LOANS. ON MARCH 14, 2014, TRUST 2014-1 ISSUED NOTES IN THE AMOUNT OF $573,800,000 AND USED SUBSTANTIALLY ALL OF THE PROCEEDS OF THE NOTES TO PURCHASE CERTAIN STUDENT LOANS. ON JUNE 17, 2014, TRUST 2014-2 ISSUED NOTES IN THE AMOUNT OF $573,800,000 AND USED SUBSTANTIALLY ALL OF THE PROCEEDS OF THE NOTES TO PURCHASE CERTAIN STUDENT LOANS. ON SEPTEMBER 18, 2014, TRUST 2014-3 ISSUED NOTES IN THE AMOUNT OF $646,700,000, AND USED SUBSTANTIALLY ALL OF THE PROCEEDS OF THE NOTES TO PURCHASE CERTAIN STUDENT LOANS. ON APRIL 22, 2015, TRUST 2015-1 ISSUED NOTES IN THE AMOUNT OF $636,900,000 AND USED SUBSTANTIALLY ALL OF THE PROCEEDS OF THE NOTES TO PURCHASE CERTAIN STUDENT LOANS. ON SEPTEMBER 14, 2016, TRUST 2016-1 ISSUED NOTES IN THE AMOUNT OF $543,523,000 AND USED SUBSTANTIALLY ALL OF THE PROCEEDS OF THE NOTES TO PURCHASE CERTAIN STUDENT LOANS. ON NOVEMBER 22, 2016, TRUST 2016-2 ISSUED NOTES IN THE AMOUNT OF $382,700,000 AND USED SUBSTANTIALLY ALL OF THE PROCEEDS OF THE NOTES TO PURCHASE CERTAIN STUDENT LOANS. HOWEVER, AS A CASH BASIS TAXPAYER, THE FOUNDATION DOES NOT HAVE TO RECOGNIZE ITS RESIDUAL INTEREST AS REVENUE UNTIL THE CASH FLOWS BECOME AVAILABLE. THE FOUNDATION INTENDS TO DISTRIBUTE TO PHEAA, FROM TIME TO TIME, ALL OF THE CASH FLOWS DERIVED FROM THE STUDENT LOANS, NET OF EXPENSES (OPERATING EXPENSES AND PRINCIPAL, AND INTEREST PAYMENT TO INVESTORS). PHEAA INTENDS TO USE GRAN
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0true
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0true
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/EscrowAccountLiabilityGrp/BOYAmt00
IRS990/EscrowAccountLiabilityGrp/EOYAmt00
IRS990/ExpenseAmt0121363208
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt028500
IRS990/FeesForServicesAccountingGrp/TotalAmt028500
IRS990/FeesForServicesLegalGrp/TotalAmt00
IRS990/FeesForServicesLobbyingGrp/TotalAmt00
IRS990/FeesForServicesManagementGrp/TotalAmt00
IRS990/FeesForServicesOtherGrp/TotalAmt00
IRS990/FeesForServicesProfFundraising/TotalAmt00
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt00
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignGrantsGrp/TotalAmt00
IRS990/ForeignOfficeInd0false
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt040.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt140.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt20.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt30.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt440.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt50.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.0
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt010024
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt115459
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt411875
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/PersonNm0Andrew D Mehalko
IRS990/Form990PartVIISectionAGrp/PersonNm1James H Steely
IRS990/Form990PartVIISectionAGrp/PersonNm2Jeffrey R Everhart
IRS990/Form990PartVIISectionAGrp/PersonNm3Raye D Goldsborough
IRS990/Form990PartVIISectionAGrp/PersonNm4Nathaniel D Hench
IRS990/Form990PartVIISectionAGrp/PersonNm5Ruth Bradley
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt0156988
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt1241721
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt23000
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt31500
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt4184443
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt51500
IRS990/Form990PartVIISectionAGrp/TitleTxt0Secretary and Director
IRS990/Form990PartVIISectionAGrp/TitleTxt1Treasurer & Director
IRS990/Form990PartVIISectionAGrp/TitleTxt2Director
IRS990/Form990PartVIISectionAGrp/TitleTxt3Director (through 06/2018)
IRS990/Form990PartVIISectionAGrp/TitleTxt4President and Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5director
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr02002
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/FundraisingDirectExpensesAmt00
IRS990/FundraisingGrossIncomeAmt00
IRS990/GamingActivitiesInd0false
IRS990/GamingDirectExpensesAmt00
IRS990/GamingGrossIncomeAmt00
IRS990/GoverningBodyVotingMembersCnt05
IRS990/GrantsPayableGrp/BOYAmt00
IRS990/GrantsPayableGrp/EOYAmt00
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0172185925
IRS990/GrossSalesOfInventoryAmt00
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt02
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartVInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InsuranceGrp/TotalAmt00
IRS990/IntangibleAssetsGrp/BOYAmt00
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/ProgramServicesAmt094587953
IRS990/InterestGrp/TotalAmt094587953
IRS990/InventoriesForSaleOrUseGrp/BOYAmt00
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/ExclusionAmt01520753
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt01520753
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt00
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/BOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipBasisNetGrp/BOYAmt00
IRS990/LandBldgEquipBasisNetGrp/EOYAmt00
IRS990/LegalDomicileStateCd0PA
IRS990/LoanOutstandingInd0false
IRS990/LoansFromOfficersDirectorsGrp/BOYAmt00
IRS990/LoansFromOfficersDirectorsGrp/EOYAmt00
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd0false
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0THE PHEAA STUDENT LOAN FOUNDATION, INC., A NON-STOCK, NONPROFIT CORPORATION INCORPORATED UNDER PENNSYLVANIA'S NONPROFIT CORPORATION LAW OF 1988, AS AMENDED (THE 'FOUNDATION'), IS ORGANIZED TO CARRY OUT STUDENT LOAN SECURITIZATION TRANSACTIONS FOR THE BENEFIT OF, OR TO CARRY OUT THE PURPOSES OF, THE PENNSYLVANIA HIGHER EDUCATION ASSISTANCE AGENCY ('PHEAA'), A STATE AGENCY OF THE COMMONWEALTH OF PENNSYLVANIA ('COMMONWEALTH'), CREATED AND CONTROLLED BY THE COMMONWEALTH'S LEGISLATURE. THE FOUNDATION'S EXEMPT PURPOSE IS TO FACILITATE THE SECURITIZATION OF STUDENT LOANS IN ORDER TO RAISE FUNDS FOR PHEAA SO THAT PHEAA MAY CONTINUE TO MAKE, SERVICE AND BUY STUDENT LOANS AND TO OTHERWISE IMPROVE HIGHER EDUCATIONAL OPPORTUNITIES FOR STUDENTS, AND FOR ANY OF PHEAAS STATUTORY PURPOSES, THEREBY LESSENING PHEAAS BURDENS OF GOVERNMENT.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt04229808288
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt03638269940
IRS990/NetAssetsOrFundBalancesBOYAmt0216941869
IRS990/NetAssetsOrFundBalancesEOYAmt0246504075
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt00
IRS990/OfficeExpensesGrp/TotalAmt00
IRS990/OfficerMailingAddressInd0true
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt00
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherChangesInNetAssetsAmt0-21260511
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0LOAN SERVICING FEES
IRS990/OtherExpensesGrp/Desc1ADMINISTRATIVE FEES
IRS990/OtherExpensesGrp/Desc2RISK SHARE WRITE OFF
IRS990/OtherExpensesGrp/Desc3COMMITMENT FEES
IRS990/OtherExpensesGrp/ProgramServicesAmt013066520
IRS990/OtherExpensesGrp/ProgramServicesAmt18475604
IRS990/OtherExpensesGrp/ProgramServicesAmt22294818
IRS990/OtherExpensesGrp/ProgramServicesAmt31853168
IRS990/OtherExpensesGrp/TotalAmt013066520
IRS990/OtherExpensesGrp/TotalAmt18475604
IRS990/OtherExpensesGrp/TotalAmt22294818
IRS990/OtherExpensesGrp/TotalAmt31853168
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherLiabilitiesGrp/EOYAmt00
IRS990/OtherRevenueMiscGrp/BusinessCd0522291
IRS990/OtherRevenueMiscGrp/Desc0BOND REFUNDING
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt040208616
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt040208616
IRS990/OtherRevenueTotalAmt040208616
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt04251641953
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt03709784790
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt00
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt05852
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0Nathaniel Hench
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0522291
IRS990/ProgramServiceRevenueGrp/Desc0STUDENT LOAN INTEREST
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0130456556
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0130456556
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0587880
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0112922066
IRS990/PYOtherRevenueAmt051787497
IRS990/PYProgramServiceRevenueAmt0120179178
IRS990/PYRevenuesLessExpensesAmt059632489
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0112922066
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0172554555
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt050822717
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0170665172
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0137691021
IRS990/SavingsAndTempCashInvstGrp/EOYAmt093703689
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd0true
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd0true
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd0false
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd0true
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0The supported organization is the Pennsylvania Higher Education Assistance Agency, an integral part and arm of the Commonwealth of Pennsylvania.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Form 990, Schedule A, Part IV, Section A, Line 2
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0231693362
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd0true
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd06
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt0121363208
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0PENNSYLVANIA HIGHER EDUCATION ASSISTANCE AGENCY
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt0121363208
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0156988
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt1241721
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt2184443
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt010024
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt115459
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt211875
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Andrew D Mehalko
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1James H Steely
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm2Nathaniel D Hench
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0Secretary and Director
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1Treasurer & Director

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$3,891,721,776
Liabilities
$3,645,217,701
Net assets
$246,504,075
Revenue
$172,185,925
Expenses
$121,363,208
Net income
$50,822,717
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1,052$920$132$71.0$65.6$5.39
2024Summary only. Only limited summary data is available for this year.$1,395$1,237$158$109$100$8.49
2023Facts available. Structured filing facts are available, but richer extracted sections are limited.$1,729$1,552$177$104$92.8$11.4
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$2,205$2,023$182$55.4$41.5$13.9
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2,562$2,343$219$62.3$43.1$19.2
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3,030$2,758$272$119$94.1$24.6
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3,504$3,243$262$174$140$34.1
2018Detailed filing. Detailed filing data is available for this year.$3,892$3,645$247$172$121$50.8
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4,463$4,246$217$173$113$59.6
2016Detailed filing. Detailed filing data is available for this year.$4,892$4,703$188$154$95.9$57.7
2015Detailed filing. Detailed filing data is available for this year.$5,765$5,622$143$138$100$37.3
2014Detailed filing. Detailed filing data is available for this year.$4,494$4,477$16.6$106$86.6$19.4
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$3,247$3,251$3.83$60.7
2012Summary only. Only limited summary data is available for this year.$3,056$3,068$12.4$185$64.8$120
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1,700$1,614$85.7$30.2