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Nonprofiteer
← TEXAS GUARANTEED STUDENT LOAN CORPORATION

Form 990 for tax year 2024

Filed by TEXAS GUARANTEED STUDENT LOAN CORPORATION.

Totals

Total revenue
$72,856,424
Total expenses
$42,539,891
Contributions and grants received
$63,178,699
Grants paid
$10,110,000
Program service revenue
$937,063
Investment income
$8,740,662
Other revenue
$0
Total assets, end of year
$620,810,061
Total liabilities, end of year
$315,523,927
Net assets or fund balances, end of year
$305,286,134
Program services expenses (Part IX)
$30,318,878
Management and general expenses
$12,221,013
Fundraising expenses
$0
Program service expenses (Part III)
$30,318,878

Program services were 71.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • ESCUDERO EDWARD

    BOARD MEMBER

    Total calculated
    $40,340
    From this org
    $40,340
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • RHODES RICHARD

    BOARD MEMBER

    Total calculated
    $38,731
    From this org
    $38,731
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • BATTS YVONNE

    BOARD MEMBER

    Total calculated
    $48,414
    From this org
    $48,414
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • ANDARZA IVAN

    BOARD MEMBER

    Total calculated
    $38,731
    From this org
    $38,731
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • WILSON WELCOME JR

    BOARD MEMBER

    Total calculated
    $38,731
    From this org
    $38,731
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • VERDE DORA ANN

    BOARD MEMBER

    Total calculated
    $45,169
    From this org
    $45,169
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • JOHNSON RENARD

    BOARD MEMBER

    Total calculated
    $58,096
    From this org
    $58,096
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • CHROMY DEBRA J

    PRESIDENT/CEO

    Total calculated
    $710,138
    From this org
    $678,084
    From related orgs
    $0
    Other
    $32,054
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $440,801
    Bonus
    $200,368
    Other
    $36,915
    Deferred
    $18,300
    Nontaxable benefits
    $13,754
    Filer's total
    $710,138

  • SCHWANKE DAVID SCOTT

    CHIEF FINANCIAL OFFICER

    Total calculated
    $443,168
    From this org
    $401,807
    From related orgs
    $0
    Other
    $41,361
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $284,574
    Bonus
    $95,921
    Other
    $21,312
    Deferred
    $17,340
    Nontaxable benefits
    $24,021
    Filer's total
    $443,168

  • ASHTON BRYAN M

    CHIEF STRATEGY AND GROWTH OFFICER

    Total calculated
    $414,464
    From this org
    $366,560
    From related orgs
    $0
    Other
    $47,904
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $246,340
    Bonus
    $87,500
    Other
    $32,720
    Deferred
    $18,300
    Nontaxable benefits
    $29,604
    Filer's total
    $414,464

  • HACKLEMAN LINDA S

    VP, HUMAN RESOURCES

    Total calculated
    $320,052
    From this org
    $277,680
    From related orgs
    $0
    Other
    $42,372
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $195,481
    Bonus
    $57,763
    Other
    $24,436
    Deferred
    $17,163
    Nontaxable benefits
    $25,209
    Filer's total
    $320,052

  • PADAKI CHANDRIKA MURALI

    VP, INFORMATION TECHNOLOGY

    Total calculated
    $308,994
    From this org
    $269,146
    From related orgs
    $0
    Other
    $39,848
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $187,576
    Bonus
    $54,792
    Other
    $26,778
    Deferred
    $16,653
    Nontaxable benefits
    $23,195
    Filer's total
    $308,994

  • HIGH SUSAN G

    VP, OPERATIONS

    Total calculated
    $315,217
    From this org
    $275,809
    From related orgs
    $0
    Other
    $39,408
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $187,086
    Bonus
    $56,702
    Other
    $32,021
    Deferred
    $15,582
    Nontaxable benefits
    $23,826
    Filer's total
    $315,217

  • SWEENEY JASON M

    DIRECTOR - SALES AND MARKE

    Total calculated
    $280,571
    From this org
    $253,053
    From related orgs
    $0
    Other
    $27,518
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $194,164
    Bonus
    $43,422
    Other
    $15,467
    Deferred
    $11,763
    Nontaxable benefits
    $15,755
    Filer's total
    $280,571

  • BRANDT WALTER SCOTT

    DIRECTOR, IT INFRASTRUCTURE AND SECURITY

    Total calculated
    $245,217
    From this org
    $229,857
    From related orgs
    $0
    Other
    $15,360
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $178,774
    Bonus
    $36,249
    Other
    $14,834
    Deferred
    $13,689
    Nontaxable benefits
    $1,671
    Filer's total
    $245,217

  • ASHER RHONDA A

    CONTROLLER

    Total calculated
    $251,476
    From this org
    $210,802
    From related orgs
    $0
    Other
    $40,674
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $163,555
    Bonus
    $37,162
    Other
    $10,085
    Deferred
    $13,296
    Nontaxable benefits
    $27,378
    Filer's total
    $251,476

  • RAMBIKUR SARA T

    DIR. CORP. COMM & GOV ETHICS OFFICER CORP SEC

    Total calculated
    $224,770
    From this org
    $212,451
    From related orgs
    $0
    Other
    $12,319
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $169,373
    Bonus
    $37,969
    Other
    $5,109
    Deferred
    $11,755
    Nontaxable benefits
    $564
    Filer's total
    $224,770

  • POLAVARAM SURENDRA B

    DIRECTOR, IT APPLICATION MANAGEMENT

    Total calculated
    $224,386
    From this org
    $201,469
    From related orgs
    $0
    Other
    $22,917
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $154,089
    Bonus
    $33,731
    Other
    $13,649
    Deferred
    $6,582
    Nontaxable benefits
    $16,335
    Filer's total
    $224,386

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

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

  • TRELLIS STRATEGIES

    CONSULTING · TX · income $0 · assets $0

    Directly controlled by TEXAS GUAR

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • TRELLIS HOLDINGS

    C · COLLECTION AG · TX · 100% owned · controlled entity

    Directly controlled by TX GUARANTEED STUDENT LOAN CORP

Provenance

Return type
form_990
Tax year
2024
IRS schema version
2024v5.5
Source object
202612239349302101

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