Pheaa Student Loan Foundation Inc

Organization Overview

Pheaa Student Loan Foundation Inc is located in Harrisburg, PA. The organization was established in 2003. According to its NTEE Classification (W60) the organization is classified as: Financial Institutions, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pheaa Student Loan Foundation Inc 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 06/2022, Pheaa Student Loan Foundation Inc generated $55.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (13.6%) each year. All expenses for the organization totaled $41.5m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (11.3%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing



Describe the Organization's Mission:

Part 3 - Line 1


Describe the Organization's Program Activity:

Part 3 - Line 4a


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Bank Of America - Merrill Lynch
Investment Banking
M&t Bank
Credit Suisse
Investment Banking
Bmo Capital Markets
Loan Servicing
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$55,252,677
Investment income $141,579
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 $55,394,256

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