Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: STUDENT LOAN INTEREST

  total $44,374,601 · related or exempt $44,374,601

• 2b · Program service revenue: SPECIAL ALLOWANCE

  total $6,024,522 · related or exempt $6,024,522

• 2c · Program service revenue: US DOE SUBSIDIZED INTEREST

  total $1,409,019 · related or exempt $1,409,019

• 2d · Program service revenue: LATE CHARGES

  total $929,985 · related or exempt $929,985

• 2e · Program service revenue: SCEAA REMITTANCE

  total $501,087 · related or exempt $501,087

• 2f · All other program service revenue

  total $7,985 · related or exempt $7,985

• 3 · Investment income

  total $5,666,432 · excluded $5,666,432

• 7a · Gross sales of assets other than inventory

  other assets $3,000

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

  securities $817,064 · other assets $0

• 7c · Gain or loss

  securities -$817,064 · other assets $3,000

• 7d · Net gain or loss

  total -$814,064 · excluded -$814,064

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $1,185,142 · program services $1,066,628 · management and general $118,514

• 7 · Other salaries and wages

  total $2,302,075 · program services $2,071,867 · management and general $230,208

• 9 · Other employee benefits

  total $259,148 · program services $233,233 · management and general $25,915

• 10 · Payroll taxes

  total $232,434 · program services $209,191 · management and general $23,243

• 11g · Fees: other

  total $3,061,180 · program services $3,016,072 · management and general $45,108

• 12 · Advertising and promotion

  total $1,076,639 · program services $968,975 · management and general $107,664

• 13 · Office expenses

  total $564,938 · program services $508,444 · management and general $56,494

• 14 · Information technology

  total $1,116,959 · program services $1,005,263 · management and general $111,696

• 19 · Conferences, conventions and meetings

  total $251,000 · program services $225,900 · management and general $25,100

• 20 · Interest

  total $26,203,923 · program services $26,203,923

• 22 · Depreciation, depletion and amortization

  total $660,205 · program services $594,185 · management and general $66,020

• 23 · Insurance

  total $546,926 · program services $546,926

• 24a · Other expenses: LOAN LOSS RESERVE

  total $4,560,743 · program services $4,560,743

• 24b · Other expenses: ORIGINATION FEES

  total $2,654,611 · program services $2,654,611

• 24c · Other expenses: BORROWER INCENTIVE

  total $1,778,811 · program services $1,778,811

• 24d · Other expenses: OTHER OPERATING EXPENSE

  total $900,000 · program services $810,000 · management and general $90,000

• 24e · All other expenses

  total $180,826 · program services $162,743 · management and general $18,083

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $6,822,523 · end of year $6,522,099

• 2 · Savings and temporary cash investments

  beginning of year $59,776,628 · end of year $32,018,580

• 4 · Accounts receivable

  beginning of year $40,824,338 · end of year $37,590,141

• 7 · Other notes and loans receivable

  beginning of year $857,581,147 · end of year $708,007,276

• 9 · Prepaid expenses and deferred charges

  beginning of year $868,147 · end of year $942,407

• 10a · Land, buildings and equipment: cost or other basis

  $5,064,082

• 10b · Land, buildings and equipment: accumulated depreciation

  $3,934,086

• 10c · Land, buildings and equipment, net

  beginning of year $903,171 · end of year $1,129,996

• 12 · Investments: other securities

  beginning of year $258,272,754 · end of year $258,823,554

• 15 · Other assets

  beginning of year $1,872,306 · end of year $3,729,336

• 17 · Accounts payable and accrued expenses

  beginning of year $2,829,465 · end of year $4,998,540

• 19 · Deferred revenue

  beginning of year $60,896 · end of year $22,397

• 23 · Secured mortgages and notes payable

  beginning of year $606,357,557 · end of year $405,683,275

• 25 · Other liabilities

  beginning of year $42,381,238 · end of year $41,547,169

• 27 · Net assets without donor restrictions

  beginning of year $338,953,112 · end of year $425,874,580

• 28 · Net assets with donor restrictions

  beginning of year $236,338,746 · end of year $170,637,428

The filer's explanations (Part III)

PART I, LINE 7

THE BOARD PROVIDES DISCRETIONARY BONUSES FOR CERTAIN EXECUTIVES BASED ON THE ACHIEVEMENT OF CERTAIN INDIVIDUAL AND CORPORATE GOALS ESTABLISHED AT THE BEGINNING OF THE FISCAL YEAR.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

• EDUCATIONAL LOAN SERVICING LLC (DBA CAMPUS PARTNERS)

  LOAN SERVICING · SC · income $0 · assets $0

  Directly controlled by SC STUDENT LOAN CORPORATION