NonprofitsEducation Loan Finance Inc

Education

Education Loan Finance Inc

KNOXVILLE, TN

Total revenue

$152.8M

Total expenses

$135.0M

Net assets

$673.0M

Grants received

EIN

621586836

Tax year

2024

Mission

Provides funding for postsecondary student loans and grants for scholarships through its subsidiary.

Programs

1 program

The grant/scholarship program provides scholarships to students who demonstrate, through an application process, academic achievement, financial need, and involvement in community services.

0

Financials

FY 2024

Revenue

Contributions & grants$11.1M
Program service revenue$102.4M
Investment income$21.5M
Other revenue$17.7M
Total revenue$152.8M

Expenses

Grants paid
Salaries & benefits$5.6M
Fundraising
Other expenses$129.3M
Total expenses$135.0M
Total assets$2.0B
Net assets$673.0M

People

19 listed

NameRoleCompensation

JOHN ARNOLD

PRESIDENT/CEO

Board

$1.4M

20 hrs/wk

BILL THOMPSON

EVP/CFO

Board

$525K

18 hrs/wk

BARBARA THOMAS

CHIEF OPERATIONS OFFICER

Board

$487K

16 hrs/wk

MICHAEL O'DONNELL

EXECUTIVE VICE PRESIDENT

Board

$324K

16 hrs/wk

ERIC STEWART

CHIEF ACCOUNTING OFFICER

Board

$305K

40 hrs/wk

JOSEPH LITTLETON

CHIEF INFORMATION SECURITY OFFICER

Board

$109K

19.2 hrs/wk

ROBERT ROSENBAUM

DIRECTOR

Board

$82K

1 hrs/wk

STEPHEN CLARK

DIRECTOR

Board

$72K

1 hrs/wk

CHRISTOPHER SIMMONS

DIRECTOR

Board

$72K

1 hrs/wk

JEFF GIBBS

CHIEF INFORMATION OFFICER

Board

$62K

4 hrs/wk

VICKI WEAVER

CHIEF HUMAN RESOURCES OFFICER (AS OF 03/2024)

Board

$17K

4 hrs/wk

EVA CHAMPION

CHIEF HUMAN RESOURCES OFFICER (THRU 01/2024)

Board

$6K

4 hrs/wk

BRENT STARLING

MANAGING DIRECTOR

Staff

$215K

40 hrs/wk

JASON BOLIN

CONTROLLER

Staff

$189K

40 hrs/wk

CHRISTOPHER KIRK

ACCOUNTING MANAGER

Staff

$106K

40 hrs/wk

MELISSA MARKIS

AVP SERVICER COMPLIANCE

Staff

$58K

20 hrs/wk

STEVEN FISHER

SYSTEMS ADMIN

Staff

$38K

10 hrs/wk

DAVID BURGETT

SYSTEMS ENGINEER

Staff

$34K

8 hrs/wk

WILLIAM LEROY TAYLOR

SYSTEMS ENGINEER

Staff

$33K

8 hrs/wk

Independent contractors

AMERICAN EDUCATION SERVICES

LOAN SERVICING

$2.1M

TAVANT

SOFTWARE DEVELOP./LICENSING

$1.2M

BANK OF AMERICA NA

BANKING/FINANCIAL SERVICES

$1.1M

BDO USA

AUDIT/TAX PREP SERVICES

$778K

CITIGROUP

BANKING/FINANCIAL SERVICES

$660K

Details

EIN621586836
NTEE codeB82
Subsection03
Ruling date1996-06
Formed1994
Employees34
Volunteers0
EDUCATION LOAN FINANCE INC — Mission, Financials & Grants Received | Grantivo