Student Loan Servicing Alliance Inc
- Assets
- $171.0k
- Revenue
- $358.4k
- Investments
- $0.0
- Employees
- 1
- Location
- Alexandria, VA
- Founding
- 02/1996
- Data as of
- 07/2024
- EIN
- 36-4023700
Organization Overview
Student Loan Servicing Alliance Inc is located in Alexandria, VA. The organization was established in 1996. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Student Loan Servicing Alliance Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 07/2024, Student Loan Servicing Alliance Inc generated $358.4k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $338.6k during the year ending 07/2024. While expenses have increased by 3.1% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
REPRESENTATION OF FEDERAL AND PRIVATE EDUCATION LOAN SERVICERS IN CONNECTION WITH LAWS AND REGULATIONS AFFECTING STUDENT LOANS AND PROMOTION OF INDUSTRY BEST PRACTICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DEVELOPED CONSENSUS POSITIONS AMONG APPROXIMATELY 40 FEDERAL AND PRIVATE EDUCATION LOAN SERVICING ORGANIZATIONS AND PARTNERS ON ISSUES TO PRESENT TO THE US CONGRESS, THE US DEPARTMENT OF EDUCATION (ED), AND OTHER FEDERAL AND STATE AGENCIES, INCLUDING THE CONSUMER FINANCIAL PROTECTION BUREAU (CFPB, THE FEDERAL COMMUNICATIONS COMMISSION (FCC), AND THE DEPARTMENT OF TREASURY, WITH RESPECT TO BOTH FEDERAL STUDENT LOANS AND PRIVATE EDUCATION LOANS IN CONNECTION WITH: ED NEGOTIATED RULEMAKING PROCESS; INDUSTRY IMPLEMENTATION GUIDANCE IN CONNECTION WITH INCOME-DRIVEN REPAYMENT PLANS AND THE SCRA; MEETINGS WITH ED, CFPB, THE DEPARTMENT OF TREASURY AND THE CONSUMER DATA INDUSTRY ASSOCIATION (CDIA) IN CONNECTION WITH CREDIT REPORTING BY STUDENT LOAN SERVICERS; COMMENTS IN RESPONSE TO VARIOUS REQUESTS FOR INFORMATION/COMMENT FROM THE CFPB IN CONNECTION WITH FEDERAL AND PRIVATE EDUCATION LOANS, COMPLAINTS ON FEDERAL AND PRIVATE EDUCATION LOANS, AND STUDENT LOAN SERVICING; CONTINUED IMPLEMENTATION OF THE DODD-FRANK WALL STREET REFORM AND CONSUMER PROTECTION ACT (PL111-203); RESPONSES TO REQUESTS FOR INFORMATION FROM CONGRESSIONAL STAFF ON STUDENT LOAN SERVICING ISSUES; ANALYSIS OF LEGISLATIVE PROVISIONS AFFECTING FEDERAL STUDENT LOANS AND PRIVATE EDUCATION LOANS IN CONNECTION WITH THE REAUTHORIZATION OF THE HIGHER EDUCATION ACT; COMMENTS ON VARIOUS ED FORMS FOR THE FFELP AND DIRECT LOAN PROGRAMS; STATE LEGISLATION/REGULATION REQUIRING LICENSURE OF STUDENT LOAN SERVICERS, INCLUDING COMMENTS ON LEGISLATIVE AND REGULATORY PROPOSALS, MEETINGS WITH STATE LEGISLATORS AND TESTIMONY BEFORE VARIOUS STATE LEGISLATIVE COMMITTEES; AND EFFORTS TO EDUCATE LEGISLATORS AND REGUALTORS ON THE FEDERAL PREEMPTION OF STATE LICENSING AND REGULATORY SCHEMES WITH RESPECT TO FEDERAL STUDENT LOANS.
IDENTIFIED AND COORDINATED STANDARDIZATION AND SIMPLIFICATION PROJECTS AND RECOMMENDATIONS FOR EDUCATION LOAN SERVICING. THIS ACCOMPLISHMENT ACHIEVED THROUGH WEEKLY AND MONTHLY MEMBERSHIP CALLS, PRESENTATIONS AND DISCUSSIONS AT MEMBERSHIP MEETINGS EACH YEAR, AND THE CREATION OF SMALL WORKGROUPS TO DEVELOP POSITIONS AND RECOMMENDATIONS FOR THE LARGER GROUP.
ANALYZED AND REPORTED ON INDUSTRY TRENDS FOR EDUCATION LOAN SERVICING. THIS ACCOMPLISHMENT ACHIEVED THROUGH WEEKLY AND MONTHLY MEMBERSHIP CALLS, AS WELL AS PRESENTATIONS AND DISCUSSIONS AT MEMBERSHIP MEETINGS EACH YEAR. COMMUNICATED THIS INFORMATION EXTERNALLY TO POLICY STAKEHOLDERS, MEDIA, AND CONSUMERS THROUGH MEDIA OUTREACH AND SOCIAL MEDIA EFFORTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joe Grieco President-Elect | OfficerTrustee | 1 | $0 |
Jay O'connell Director | Trustee | 1 | $0 |
Phillip Kinman Treasurer | OfficerTrustee | 1 | $0 |
Matt Meyers Director | Trustee | 1 | $0 |
Jen Earyes Director | Trustee | 1 | $0 |
Jill Leitl Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $358,404 |
| Investment income | $32 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $358,436 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $252,762 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $15,644 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,466 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $47,838 |
| Office expenses | $4,778 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $10,335 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,105 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,691 |
| All other expenses | $0 |
| Total functional expenses | $338,619 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $92,169 |
| Savings and temporary cash investments | $78,791 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $170,960 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $170,960 |
| Total liabilities and net assets/fund balances | $170,960 |