Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: DEPT OF ED TRANSITION

  total $11,426,783 · related or exempt $11,426,783

• 2b · Program service revenue: ACCT MAINTENANCE FEE

  total $837,697 · related or exempt $837,697

• 2c · Program service revenue: RECOVERY REVENUE

  total $35,334 · related or exempt $35,334

• 2d · Program service revenue: OTHER INCOME

  total $3,975 · related or exempt $3,975

• 3 · Investment income

  total $2,631,276 · excluded $2,631,276

• 7a · Gross sales of assets other than inventory

  securities $249,721

• 7b · Less cost or other basis and sales expenses

  securities $195,293

• 7c · Gain or loss

  securities $54,428

• 7d · Net gain or loss

  total $54,428 · excluded $54,428

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $40,008,683 · program services $40,008,683

• 5 · Compensation of officers, directors and key employees

  total $612,748 · program services $134,851 · management and general $477,897

• 11b · Fees: legal

  total $31,941 · management and general $31,941

• 11c · Fees: accounting

  total $48,672 · management and general $48,672

• 11g · Fees: other

  total $225,553 · program services $225,553

• 13 · Office expenses

  total $55,687 · program services $44,398 · management and general $11,289

• 14 · Information technology

  total $1,517,573 · program services $1,150,440 · management and general $367,133

• 16 · Occupancy

  total $243,274 · program services $144,758 · management and general $98,516

• 17 · Travel

  total $8,766 · program services $1,363 · management and general $7,403

• 19 · Conferences, conventions and meetings

  total $4,109 · program services $641 · management and general $3,468

• 21 · Payments to affiliates

  total $477,080 · program services $283,883 · management and general $193,197

• 22 · Depreciation, depletion and amortization

  total $142,667 · program services $84,893 · management and general $57,774

• 24a · Other expenses: LEASED EMPLOYEES

  total $1,674,027 · program services $1,147,627 · management and general $526,400

• 24b · Other expenses: SERVICING FEES

  total $1,616,046 · program services $1,616,046

• 24c · Other expenses: DEFAULT AVERSION FEE

  total $454,613 · program services $454,613

• 24d · Other expenses: POST-DEFAULT FEES

  total $10,512 · program services $10,512

• 24e · All other expenses

  total $319,357 · program services $92,197 · management and general $227,160

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $2,490,159 · end of year $3,018,781

• 2 · Savings and temporary cash investments

  beginning of year $48,162,793 · end of year $15,805,006

• 4 · Accounts receivable

  beginning of year $2,179,604 · end of year $868,963

• 7 · Other notes and loans receivable

  beginning of year $64,940 · end of year $0

• 9 · Prepaid expenses and deferred charges

  beginning of year $1,011,477 · end of year $1,309,676

• 11 · Investments: publicly traded securities

  beginning of year $746,371 · end of year $478,402

• 15 · Other assets

  beginning of year $5,452,705 · end of year $7,311,215

• 17 · Accounts payable and accrued expenses

  beginning of year $1,090,701 · end of year $1,060,016

• 19 · Deferred revenue

  beginning of year $123,859 · end of year $70,433

• 25 · Other liabilities

  beginning of year $5,355,919 · end of year $6,556,265

• 27 · Net assets without donor restrictions

  beginning of year $53,537,570 · end of year $21,105,329

The filer's explanations (Part III)

PART I, LINE 4A

ON OCTOBER 9, 2023, PAMELA SUE BECKMANN ENTERED INTO A VOLUNTARY SEPARATION AGREEMENT WITH NSLP. SHE RECEIVED $72,000 IN SEVERANCE PAYMENTS.