Overview
What is Iowa Student Loan Liquidity Corporation?
The Iowa Student Loan Liquidity Corporation is a West Des Moines, Iowa-based nonprofit organization. With a workforce of 84 individuals, they provide financial resources for the acquisition and servicing of student loans under the U.S. Higher Education Act of 1965 and other non-Higher Education Act student loan programs. As of June 30, 2022, they owned and serviced a total of 241,266 loans, amounting to an outstanding balance of over $1.7 billion. Their mission revolves around helping Iowa students and families access the essential resources needed to succeed in postsecondary education.
Official website here: www.studentloan.org
Is Iowa Student Loan Liquidity Corporation legitimate?
Iowa Student Loan Liquidity Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Iowa Student Loan Liquidity Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $2,275,939
Professional Fundraising Fees: $0
Other Salaries and Wages: $6,317,748
For more financial information, click here
What is the mission statement of Iowa Student Loan Liquidity Corporation?
The Iowa Student Loan Liquidity Corporation is dedicated to assisting Iowa students and their families in obtaining the vital resources required for success in post-secondary education. Through its activities, the corporation provides funds for the acquisition and servicing of student loans under various programs, including those governed by the U.S. Higher Education Act of 1965 and other non-Higher Education Act student loan programs. As of June 30, 2022, the corporation managed loans with a total count of 241,266 and an outstanding balance of $1,726,144,574. By offering these financial services, the Iowa Student Loan Liquidity Corporation aims to contribute significantly to the educational journeys of numerous students.
Official website here: www.studentloan.org
Who is the CEO of Iowa Student Loan Liquidity Corporation?
Erin Lacey is the Board Chairperson of Iowa Student Loan Liquidity Corporation. The CEO's salary of Iowa Student Loan Liquidity Corporation is $423,741 and their total compensation is $477,139.
Official website here: www.studentloan.org
What is the revenue of Iowa Student Loan Liquidity Corporation?
Iowa Student Loan Liquidity Corporation's revenue in 2022 was $50,621,901.
Official website here: www.studentloan.org
Who are the executives of Iowa Student Loan Liquidity Corporation and what are their salaries?
The average compensation at Iowa Student Loan Liquidity Corporation during 2022 was $102,306. There are 84 employees at Iowa Student Loan Liquidity Corporation.
Here are 22 key members and their salaries (Iowa Student Loan Liquidity Corporation's CEO's salary is $423,741 and their total compensation is $477,139):
- Steve Mccullough (President & Ceo)
- Erin Lacey (Evp & Treasurer)
- Cindy Bartz (Cio & Proj Mgmt Vp)
- Ron Foresman (Accounting & Risk Mgmt Vp)
- Mary Kay Debolt (Sr. Operations Vp & Secretary)
- Greg Nichols (Sr. Pub Affairs & Comm Rel Vp)
- Marc Hendel (Sr. Researcher & Data Mgr)
- Marsha Boender (Dir, Lender & School Serv.)
- Chris Hammerstrom (Prod. Dev. Director)
- Shawn Smith (Lead Database Administrator)
- Chi-Ming J Lin (Chief Technical Architect)
- Christine Hensley (Board Chairperson) [Trustee/Director]
- Tammy Bramley (Board Vice Chairperson) [Trustee/Director]
- Daniel Clute (Board Member) [Trustee/Director]
- Adam Voigts (Board Member) [Trustee/Director]
- Scott Schneidermann (Board Member) [Trustee/Director]
- Marcia Rogers (Board Member) [Trustee/Director]
- Laurie Hempin (Board Member) [Trustee/Director]
- Jim Schipper (Board Member) [Trustee/Director]
- Rob Denson (Board Member) [Trustee/Director]
- Nancy Dunkel (Board Member) [Trustee/Director]
- Julie Pingel (Board Member) [Trustee/Director]
Official website here: www.studentloan.org
Where can I find the form 990 for Iowa Student Loan Liquidity Corporation?
The Iowa Student Loan Liquidity Corporation’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.studentloan.org
Learn more at the official website: www.studentloan.org
Mission Statement of Iowa Student Loan Liquidity Corporation
Iowa Student Loan Liquidity Corporation, a vital organization, is dedicated to assisting Iowa students and their families in gaining access to the essential resources required for post-secondary education. By providing funds for the acquisition and servicing of student loans under the U.S. Higher Education Act of 1965 and other non-Higher Education Act student loan programs, this corporation plays a significant role in making education more accessible.
As of June 30, 2022, Iowa Student Loan Liquidity Corporation owned and serviced loans totaling 241,266, with a remarkable outstanding balance of $1,726,144,574. This substantial financial commitment speaks to the organization's unwavering commitment to helping students in Iowa and their families navigate the complexities of higher education financing. By offering the necessary resources to manage student loans, Iowa Student Loan Liquidity Corporation enables students to focus on their academic pursuits, ultimately increasing their chances of success.
In summary, Iowa Student Loan Liquidity Corporation serves as a crucial ally to Iowa students and their families in their educational journey. By providing funds for student loans and offering servicing solutions, this corporation enables students to concentrate on their studies and reach their academic potential. With a substantial commitment to student success, Iowa Student Loan Liquidity Corporation continues to make a difference in the lives of thousands of students across the state.
Impact
This information is meant to be a general summary of Iowa Student Loan Liquidity Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Iowa Student Loan Liquidity Corporation plays a crucial role in helping Iowa students and families access the resources they need to succeed in postsecondary education. By providing funds for the acquisition and servicing of student loans under various programs, the corporation enables thousands of individuals to pursue higher education. As of June 30, 2022, it owned and serviced a significant number of loans, totaling over $1.7 billion. Through its efforts, the corporation contributes to the educational attainment and future prospects of students in Iowa, making a tangible impact on their lives and the state's workforce.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
STUDENT LOAN INTEREST
Revenue
$45,400,638
OTHER STUDENT LOAN REV
Revenue
$4,945,371
Organization Details
Founding Year
1979
Phone
(515) 273-7210
Principal Officer
Erin Lacey
Main Address
6805 VISTA DRIVE, WEST DES MOINES, IA, 502669307
Website
www.studentloan.org
NTEE Category
Code: B82 - Education
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