ACCESS GROUP LOAN RESERVE TRUST I 51529-000

As filed

Subsection

03

NTEE code

B820

Classification

2000

Street

RODNEY SQUARE N 1100 N MARKET ST

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Mission and programs · 2024

• SEE SCHEDULE O.THE PURPOSE OF THIS TRUST IS TO AID LAW SCHOOL STUDENTS, LAW SCHOOL GRADUATES WHO ARE PREPARING FOR THE BAR EXAMINATION, OTHER GRADUATE AND PROFESSIONAL SCHOOL STUDENTS AND CERTAIN UNDERGRADUATE STUDENTS IN ATTAINING AN EDUCATION. THE TRUST IS A SUPPORTING ORGANIZATION FOR POST-SECONDARY EDUCATIONAL INSTITUTIONS DESCRIBED IN SECTION 509(A)(1) OR (2) OF THE INTERNAL REVENUE CODE. THE TRUST CARRIES OUT ITS PURPOSE BY SERVING AS A SOURCE OF GUARANTEE FUNDS FOR STUDENT LOAN PROGRAMS CONDUCTED BY ACCESSLEX INSTITUTE, WHICH IS EXEMPT UNDER SECTION 501(C)(3). THE TRUST PROVIDES A RESERVE FOR SUPPLEMENTAL LOANS MADE BY ACCESSLEX INSTITUTE THAT ARE NOT PART OF THE FEDERAL FAMILY EDUCATIONAL LOAN PROGRAM (FFELP), COVERING THE DEFAULT OF SUCH LOANS. SUPPLEMENTAL LOANS ARE TYPICALLY NEEDED BY STUDENTS WHOSE EDUCATION IS MORE EXPENSIVE THAN THE LIMITS SET UNDER FEDERAL PROGRAMS. WITHOUT THE EXISTENCE OF A GUARANTEE, COMMERCIAL LENDERS WOULD NOT HAVE BEEN WILLING TO MAKE LOANS TO MANY BORROWERS OF SUPPLEMENTAL LOANS UNDER THE ACCESSLEX INSTITUTE PROGRAMS, BECAUSE SUCH STUDENTS TYPICALLY DO NOT HAVE THE CREDIT RECORD, CURRENT ASSETS OR CURRENT INCOME GENERALLY REQUIRED BY COMMERCIAL LENDERS FOR UNGUARANTEED LOANS. THUS, BY MAKING THE GUARANTEES REFERENCED ABOVE, THE TRUST DIRECTLY AND MATERIALLY AIDED STUDENTS IN ATTAINING AN EDUCATION. THE TRUST RECEIVED STUDENT LOAN NET RECOVERIES IN THE AMOUNT OF $346,191.

  Revenue $346,191

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Officers and directors · 2024

As listed in Part VII of the 2024 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

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. Earlier years are each on their own filing page.

Filings

• 2024

  Revenue

  $453,203

  Expenses

  $17,500

  Contributions

  $0

  Grants paid

  $0

• 2023

  Revenue

  $482,049

  Expenses

  $17,500

  Contributions

  $0

  Grants paid

  $0

• 2022

  Revenue

  $428,957

  Expenses

  $17,500

  Contributions

  $0

  Grants paid

  $0

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Other returns filed

• 2021 · 990

  Revenue

  $589,905

  Expenses

  $17,500

  Assets (EOY)

  $1,143,709

• 2020 · 990

  Revenue

  $489,293

  Expenses

  $17,500

  Assets (EOY)

  $571,304

• 2020 · 990-T

  Revenue

  — not reported

  Expenses

  — not reported

  Assets (EOY)

  — not reported

• 2019 · 990

  Revenue

  $2,207

  Expenses

  $79,495

  Assets (EOY)

  $99,511

• 2018 · 990

  Revenue

  $3,104

  Expenses

  $254,794

  Assets (EOY)

  $176,799

• 2017 · 990

  Revenue

  $338,803

  Expenses

  $17,500

  Assets (EOY)

  $428,489

• 2016 · 990

  Revenue

  $13

  Expenses

  $83,145

  Assets (EOY)

  $107,186

• 2015 · 990

  Revenue

  $128,284

  Expenses

  $17,500

  Assets (EOY)

  $190,318

• 2014 · 990

  Revenue

  $2,572

  Expenses

  $55,940

  Assets (EOY)

  $79,534

• 2013 · 990

  Revenue

  $5,741

  Expenses

  $39,679

  Assets (EOY)

  $217,662

Nonprofiteer parses Forms 990, 990-EZ and 990-PF, in a window of recent tax years. These returns are recorded from the IRS e-file index, so their figures were extracted by that index rather than read from the return here — treat them as a different source from the filings above, not as more of the same record. A dash means the index carries no figure; Form 990-T listings carry none at all. Showing the 10 most recent; the API carries the rest.

Grants made

No itemized grants to organizations. Schedule I is filed only by organizations that granted more than $5,000 to a recipient, so most filers have none.

Grants received

No itemized grant names this organization as a recipient. Only grants over $5,000 are itemized, and only by filers of the full Form 990.

Related organizations

From Schedule R Part II, where a filer lists the tax-exempt organizations it is related to by control. It does not record shared board members or money.

Taxable family

From Schedule R Parts I, III and IV: entities that legally are the filer, and taxable partnerships, corporations and trusts it is related to. These record ownership and control, not shared board members or money.

Other IRS files