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EIN 42-1137531

Iowa Student Loan

IRS 501(c) type
501(c)(3)
Num. employees
88
City
West Des Moines
State
Iowa
Year formed
1979
Most recent tax filings
2023-06-01
NTEE code, primary
B82: Scholarships, Student Financial Aid Services
Description
Established in 1979 as a private, nonprofit corporation, Iowa Student Loan helps Iowa students and families obtain the resources necessary to succeed in postsecondary education.
Also known as...
Iowa Student Loan Liquidity Corporation
Total revenues
$101,452,446
2023
Total expenses
$103,486,049
2023
Total assets
$1,743,077,766
2023
Num. employees
88
2023

Program areas at Iowa Student Loan

Iowa Student Loan Liquidity Corporation provides funds for the acquisition and servicing of Student loans under the u.s. higher education act of 1965, as amended, and other non-higher education act Student Loan programs. As of june 30, 2023, the Corporation owned and serviced loans totaling 204,347 with an outstanding balance of $1,577,879,350.

Grants made by Iowa Student Loan

GranteeGrant descriptionAmount
Iowa College Access NetworkGeneral Support$685,000

Personnel at Iowa Student Loan

NameTitleCompensation
Steve McCulloughPresident and Chief Executive Officer$483,370
Cindy BartzChief Information Officer and Project Management Vice President / Vice President of Project Management and Chief Information Officer / Chief Information Officer and Projects Management Vice President$237,020
Mary Kay DeboltSenior Vice President of Operations and Corporate Secretary / Senior Operations Vice President and Secretary$0
Joe BirdVice President of Business Development
Ron ForesmanVice President of Accounting and Risk Management$240,889
...and 7 more key personnel

Financials for Iowa Student Loan

RevenuesFYE 06/2023
Total grants, contributions, etc.$0
Program services$95,379,910
Investment income and dividends$6,203,424
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$-130,914
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$26
Total revenues$101,452,446

Form 990s for Iowa Student Loan

Fiscal year endingDate received by IRSFormPDF link
2023-062024-05-14990View PDF
2022-062023-05-15990View PDF
2021-062022-05-10990View PDF
2020-062021-04-27990View PDF
2019-062020-09-25990View PDF
...and 12 more Form 990s

Organizations like Iowa Student Loan

OrganizationLocationRevenue
Educational Credit Management CorporationMinneapolis, MN$361,979,726
Granite Edvance Corporation (NHHEAF)Concord, NH$61,725,667
South Carolina Student Loan Corporation (SCSL)Columbia, SC$58,099,567
Mississippi State University FoundationMississippi State, MS$194,265,395
American Student Assistance (ASA)Boston, MA$81,920,356
University System of Maryland Foundation (USMF)Adelphi, MD$46,875,365
Georgia Tech FoundationAtlanta, GA$238,958,217
Miami Dade College FoundationMiami, FL$35,719,937
University of Maine FoundationOrono, ME$64,724,867
Ascendium Education SolutionsMadison, WI$298,192,646
Data update history
July 16, 2024
Updated personnel
Identified 2 new personnel
July 9, 2024
Posted financials
Added Form 990 for fiscal year 2023
July 8, 2024
Used new vendors
Identified 1 new vendor, including
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 7, 2023
Posted financials
Added Form 990 for fiscal year 2022
Nonprofit Types
SchoolsCharities
Issues
Education
Characteristics
LobbyingState / local levelReceives government fundingTax deductible donationsAccepts online donations
General information
Address
6805 Vista Dr
West Des Moines, IA 50266
Metro area
Des Moines-West Des Moines, IA
County
Dallas County, IA
Website URL
iowastudentloan.org/ 
Phone
(855) 811-9849
Facebook page
IowaStudentLoan 
IRS details
EIN
42-1137531
Fiscal year end
June
Taxreturn type
Form 990
Year formed
1979
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
B82: Scholarships, Student Financial Aid Services
NAICS code, primary
522120: Savings Institutions
Parent/child status
Independent
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