Iowa Student Loan Liquidity Corp

Organization Overview

Iowa Student Loan Liquidity Corp is located in West Des Moines, IA. The organization was established in 1981. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 06/2021, Iowa Student Loan Liquidity Corp employed 94 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Iowa Student Loan Liquidity Corp is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 06/2021, Iowa Student Loan Liquidity Corp generated $45.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (4.9%) each year. All expenses for the organization totaled $60.7m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (2.6%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO HELP IOWA STUDENTS AND FAMILIES OBTAIN THE RESOURCES NECESSARY TO SUCCEED IN POSTSECONDARY EDUCATION.

Describe the Organization's Program Activity:

Part 3 - Line 4a

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, 2021, THE CORPORATION OWNED AND SERVICED LOANS TOTALING 148,437 WITH AN OUTSTANDING BALANCE OF $1,056,917,530.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Jason Gladfelder
Consulting - It
$114,984
Ahlers & Cooney Pc
Legal
$373,507
Kpmg Llp
Audit & Tax Services
$307,260
View All Vendors

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$45,328,558
Investment income $512,120
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$164,519
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $45,688,659

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Iowa Student Loan Liquidity Corp has recieved totaling $125,000.

Awarding OrganizationAmount
Strada Education Network Inc

Indianapolis, IN

PURPOSE: OPERATING GRANT

$125,000
View Grant Recipient Profile

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