Education Loan Finance Inc

Organization Overview

Education Loan Finance Inc, operating under the name Edsouth Services, is located in Knoxville, TN. 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. As of 12/2021, Edsouth Services employed 36 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Edsouth Services 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 12/2021, Edsouth Services generated $227.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $79.9m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Since 2014, Edsouth Services has awarded 42 individual grants totaling $2,676,606. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

PROVIDES FUNDING FOR EDUCATIONAL LOANS AND PROVIDES FUNDING FOR EDUCATION PROGRAMS; FINANCIAL LITERACY; AND GRANTS FOR SCHOLARSHIPS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

ELFI, INC. IS A FULLY OPERATING CHARITABLE ORGANIZATION THAT PROVIDES LIQUIDITY FOR POST-SECONDARY STUDENT LOANS.


FROM VIRTUAL CAMPUS VISITS TO FREE RESOURCES FOR STUDENTS AND PARENTS, ECAMPUSTOURS' CUTTING-EDGE SERVICES ARE DESIGNED TO SUPPORT PRE-COLLEGE AND COLLEGE STUDENTS ALONG THEIR EDUCATIONAL JOURNEYS.


THE GRANT/SCHOLARSHIP PROGRAM PROVIDES SCHOLARSHIPS TO STUDENTS WHO DEMONSTRATE, THROUGH AN APPLICATION PROCESS, ACADEMIC ACHIEVEMENT, FINANCIAL NEED, AND INVOLVEMENT IN COMMUNITY SERVICES.


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Board, Officers & Key Employees

Name (title)Compensation
John Arnold
President/ceo
$1,175,205
Bill Thompson
Evp/cfo
$471,844
Barbara Thomas
Chief Operations Officer
$340,000
Eric Stewart
Chief Accounting Officer
$294,491
Michael O'donnell
Executive Vice President
$223,067
Jeff Gibbs
Chief Information Officer
$178,521

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Tavant Technologies
Programming & Devel.
$1,374,850
Bmo Capital Markets Corp
U/w And Loc Ser.
$1,195,120
Bdo Usa Llp
Audit/tax Prep Serv.
$603,788
American Education Services
Loan Servicing
$2,903,471
Bright Futures Financial
Loan Conso. Services
$893,491
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$124,686,675
Noncash contributions included in lines 1a–1f $111,146,727
Total Revenue from Contributions, Gifts, Grants & Similar$124,686,675
Total Program Service Revenue$75,297,370
Investment income $10,694,008
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 $227,234,757

Grants Awarded

Over the last fiscal year, Education Loan Finance Inc has awarded $252,000 in support to 2 organizations.

Grant RecipientAmount

THE UNIVERSITY OF TENNESSEE FOUNDATION INC

Org PageRecipient Profile

Knoxville, TN

PURPOSE: SCHOLARSHIPS

$152,000

SHANGRI-LA THERAPEUTIC ACADEMY RIDING INC

Org PageRecipient Profile

Lenoir City, TN

PURPOSE: Community Support

$100,000
View Grant Profile

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