Form 990 for tax year 2022

2a · Program service revenue: RECOVERY REVENUE

total $21,123,581 · related or exempt $21,123,581

2b · Program service revenue: OTHER INCOME

total $1,039,578 · related or exempt $1,039,578

2c · Program service revenue: ACCT MAINTENANCE FEE

total $1,037,136 · related or exempt $1,037,136

2d · Program service revenue: DEPT OF ED TRANSITION

total $946,443 · related or exempt $946,443

2e · Program service revenue: DAF REBATE PROVISION

total $910,181 · related or exempt $910,181

3 · Investment income

total $8,681,908 · excluded $8,681,908

7a · Gross sales of assets other than inventory

securities $39,039,217

7b · Less cost or other basis and sales expenses

securities $35,729,504

7c · Gain or loss

securities $3,309,713

7d · Net gain or loss

total $3,309,713 · excluded $3,309,713

1 · Grants to domestic organizations and governments

total $202,962,628 · program services $202,962,628

5 · Compensation of officers, directors and key employees

total $1,447,462 · program services $481,505 · management and general $965,957

9 · Other employee benefits

total $74,527 · program services $27,535 · management and general $46,992

11b · Fees: legal

total $126,867 · management and general $126,867

11c · Fees: accounting

total $93,565 · program services $19,200 · management and general $74,365

11f · Fees: investment management

total $391,695 · management and general $391,695

11g · Fees: other

total $494,124 · program services $278,057 · management and general $216,067

12 · Advertising and promotion

total $83,077 · program services $26 · management and general $83,051

13 · Office expenses

total $147,336 · program services $120,019 · management and general $27,317

14 · Information technology

total $3,917,132 · program services $3,171,992 · management and general $745,140

16 · Occupancy

total $514,177 · program services $339,790 · management and general $174,387

17 · Travel

total $75,351 · program services $70,091 · management and general $5,260

19 · Conferences, conventions and meetings

total $98,051 · program services $2,594 · management and general $95,457

21 · Payments to affiliates

total $1,336,022 · program services $882,900 · management and general $453,122

22 · Depreciation, depletion and amortization

total $1,043,631 · program services $986,829 · management and general $56,802

24a · Other expenses: LEASED EMPLOYEES

total $5,424,112 · program services $4,037,014 · management and general $1,387,098

24b · Other expenses: SERVICING FEES

total $1,599,996 · program services $1,599,996

24c · Other expenses: DEFAULT AVERSION FEE

total $487,437 · program services $487,437

24d · Other expenses: POST-DEFAULT FEES

total $27,398 · program services $27,398

24e · All other expenses

total $352,844 · program services $253,875 · management and general $98,969

1 · Cash, non-interest-bearing

beginning of year $1,478,336 · end of year $2,490,159

2 · Savings and temporary cash investments

beginning of year $70,510,573 · end of year $48,162,793

4 · Accounts receivable

beginning of year $4,509,942 · end of year $2,179,604

7 · Other notes and loans receivable

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

9 · Prepaid expenses and deferred charges

beginning of year $809,378 · end of year $1,011,477

11 · Investments: publicly traded securities

beginning of year $144,144,807 · end of year $746,371

15 · Other assets

beginning of year $9,106,193 · end of year $5,452,705

17 · Accounts payable and accrued expenses

beginning of year $1,589,752 · end of year $1,090,701

19 · Deferred revenue

beginning of year $193,965 · end of year $123,859

25 · Other liabilities

beginning of year $6,091,377 · end of year $5,355,919

27 · Net assets without donor restrictions

beginning of year $222,749,075 · end of year $53,537,570