Overview
What is Texas Guaranteed Student Loan Corporation?
The Texas Guaranteed Student Loan Corporation is a nonprofit organization geared towards helping students and their families plan for higher education and manage their student loan debts. By offering resources and educational opportunities, they aim to promote individual economic mobility and enhance community prosperity. The Corporation's mission includes developing and advancing initiatives that cater to both personal financial growth and broader community development.
Official website here: www.trelliscompany.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 84% (Three-Star out of Four Stars)
The Texas Guaranteed Student Loan Corporation has earned an 84% rating from Charity Navigator, reflecting a solid performance in accountability and finance. This score is derived entirely from their accountability metrics, demonstrating that the organization adheres to good governance practices, such as having a fully independent board and maintaining comprehensive financial oversight.
Strengths of the organization include its excellent performance in ensuring that the majority of its board members are independent, as well as its strong policies regarding conflict of interest, whistleblower protections, and document retention. Furthermore, their program expense ratio indicates a high level of funds directed towards their mission, with 87.17% of expenses allocated to programs.
However, the organization does have room for improvement, particularly in its liabilities to assets ratio, which scored lower at 66.14%. This could suggest concerns about financial stability that may warrant attention. Overall, while the Texas Guaranteed Student Loan Corporation demonstrates a commendable level of accountability and effective use of funds, addressing its financial liabilities may enhance its operational resilience.
This AI summary has been generated from information found on Charity Navigator.
Is Texas Guaranteed Student Loan Corporation legitimate?
Texas Guaranteed Student Loan Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Texas Guaranteed Student Loan 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $3,023,975
Professional Fundraising Fees: $0
Other Salaries and Wages: $24,267,804
For more financial information, click here
Official website here: www.trelliscompany.org
What is the mission statement of Texas Guaranteed Student Loan Corporation?
The Texas Guaranteed Student Loan Corporation is committed to fostering individual economic mobility and enhancing community prosperity. To achieve this goal, the organization develops and advances initiatives. In the realm of education, it assists students and families in planning and preparing for college, as well as learning essential money management skills. Furthermore, the corporation assists borrowers in repaying their federal student loans. By offering these resources, Texas Guaranteed Student Loan Corporation aims to empower individuals and contribute to the expansion of community prosperity.
Official website here: www.trelliscompany.org
Who is the CEO of Texas Guaranteed Student Loan Corporation?
Dave Schwanke is the Board Member/Evp - 2021 of Texas Guaranteed Student Loan Corporation. The CEO's salary of Texas Guaranteed Student Loan Corporation is $339,780 and their total compensation is $376,601.
Official website here: www.trelliscompany.org
What is the revenue of Texas Guaranteed Student Loan Corporation?
Texas Guaranteed Student Loan Corporation's revenue in 2022 was $75,038,315.
Official website here: www.trelliscompany.org
Who are the executives of Texas Guaranteed Student Loan Corporation and what are their salaries?
The average compensation at Texas Guaranteed Student Loan Corporation during 2022 was $36,831. There are 741 employees at Texas Guaranteed Student Loan Corporation.
Here are 24 key members and their salaries (Texas Guaranteed Student Loan Corporation's CEO's salary is $339,780 and their total compensation is $376,601):
- Compensation: $388,414
- Related: $0
- Other: $0
- Compensation: $45,169
- Related: $0
- Other: $0
- Compensation: $58,096
- Related: $0
- Other: $0
- Compensation: $45,169
- Related: $0
- Other: $0
- Compensation: $38,731
- Related: $0
- Other: $0
- Compensation: $38,731
- Related: $0
- Other: $0
- Compensation: $45,169
- Related: $0
- Other: $0
- Compensation: $38,731
- Related: $0
- Other: $0
- Compensation: $339,780
- Related: $0
- Other: $36,821
- Compensation: $218,036
- Related: $0
- Other: $52,969
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $219,136
- Related: $0
- Other: $59,007
- Compensation: $253,086
- Related: $0
- Other: $62,931
- Compensation: $251,113
- Related: $0
- Other: $57,232
- Compensation: $233,791
- Related: $0
- Other: $57,014
- Compensation: $214,712
- Related: $0
- Other: $37,261
- Compensation: $193,048
- Related: $0
- Other: $26,343
- Compensation: $204,427
- Related: $0
- Other: $54,384
- Compensation: $222,392
- Related: $0
- Other: $47,926
- Compensation: $176,012
- Related: $0
- Other: $30,105
- Compensation: $189,461
- Related: $0
- Other: $46,153
- Compensation: $179,315
- Related: $0
- Other: $39,092
- Compensation: $161,266
- Related: $0
- Other: $44,064
- Compensation: $173,884
- Related: $0
- Other: $38,648
Official website here: www.trelliscompany.org
Where can I find the form 990 for Texas Guaranteed Student Loan Corporation?
Texas Guaranteed Student Loan Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.trelliscompany.org
Learn more at the official website: www.trelliscompany.org
Mission Statement of Texas Guaranteed Student Loan Corporation
The Texas Guaranteed Student Loan Corporation, or TG, is a mission-driven organization that strives to expand individual economic mobility and build thriving communities. This nonprofit corporation focuses on developing and advancing initiatives that help students and families navigate the college planning process and master money management skills. In addition, TG aids in the repayment of federal student loans.
By offering a range of resources, TG empowers students and families to make informed decisions about higher education and financial planning. These resources include assistance with college planning, instruction on financial fundamentals, and guidance on loan repayment. In doing so, TG aims to provide opportunities for economic growth and prosperity for individuals and their communities.
The Texas Guaranteed Student Loan Corporation plays a crucial role in supporting students as they work towards achieving their educational goals. Their commitment to developing and advancing initiatives in individual economic mobility and community prosperity is essential in helping students and families overcome financial barriers and secure a brighter future.
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Impact
October, 2024
Texas Guaranteed Student Loan Corporation (TG) plays a crucial role in enhancing individual economic mobility and fostering community prosperity. By providing essential resources, TG supports students and families in planning and preparing for college, thereby enabling access to higher education. Their initiatives include financial education that equips individuals with fundamental money management skills, ensuring they are better prepared to handle their finances responsibly.
Additionally, TG offers guidance on repaying federal student loans, which is vital for helping borrowers navigate the complexities of student debt. This educational approach not only empowers individuals but also strengthens the overall economic landscape by promoting financial literacy and awareness.
Through these efforts, TG contributes to building a more educated workforce, ultimately uplifting communities in Round Rock, Texas, and beyond. Their mission to advance economic mobility ties directly to broader societal benefits, as increased education and financial well-being can lead to enhanced job opportunities and improved quality of life for families and communities.
This information is meant to be a general summary of Texas Guaranteed Student Loan Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
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.
- Investment Income: $12,024,573
- Program Service Revenue: $11,890,367
- Gross Receipts: $109,348,654
Assets and Liabilities:
- Total Assets: $494,410,449
- Total Liabilities: $327,030,294
- Net Assets: $167,380,155
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CALL CENTER REVENUE
Revenue
$11,753,155
COLLECTIONS REVENUE
Revenue
$95,367
CONSULTING SERVICES
Revenue
$41,845
Organization Details
Founding Year
1979
Phone
(512) 219-5700Principal Officer
Dave Schwanke
Main Address
PO BOX 83100, ROUND ROCK, TX, 786833100
Website
www.trelliscompany.orgNTEE Category
Code: W600 - Public benefit
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