Form990
Click to see attachment
Department of the Treasury
Internal Revenue Service
Return of Organization Exempt From Income Tax
Under section 501(c), 527, or 4947(a)(1) of the Internal Revenue Code (except black lung benefit trust or private foundation)

MediumBullet The organization may have to use a copy of this return to satisfy state reporting requirements.
OMB No. 1545-0047
2010
Open to Public Inspection
A For the calendar year, or tax year beginning 10-01-2010 and ending 09-30-2011
BCheck if applicable:
CName of organization
TEXAS GUARANTEED STUDENT LOAN CORP
 
Doing Business As
 
 
Number and street (or P.O. box if mail is not delivered to street address)
PO BOX 83100
 
Room/suite
City or town, state or country, and ZIP + 4
ROUND ROCK, TX786833100
D Employer identification number

74-2094204
E Telephone number

G Gross receipts $ 321,421,176
F Name and address of principal officer:
SUE MCMILLIN
PO BOX 83100
ROUND ROCK,TX786833100
I
Tax-exempt status: (   ) LeftBullet (insert no.) or
J
Website:MediumBullet
www.tgslc.org
H(a)
Is this a group return for
affiliates?
H(b)
Are all affiliates included?
If "No," attach a list. (see instructions)
H(c)
Group exemption number MediumBullet  
K Form of organization:
 
L Year of formation: 1979
M State of legal domicile: TX
Part I
Summary
Activities & Governance 1 Briefly describe the organization’s mission or most significant activities: "TO BE THE PREMIER SOURCE OF INFORMATION, FINANCING AND ASSISTANCE TO HELP ALL FAMILIES AND STUDENTS REALIZE THEIR EDUCATION AND CAREER DREAMS." TG ADMINISTERS THE FEDERAL FAMILIY EDUCATION LOAN PROGRAM.
2 Check this box MediumBullet
3 Number of voting members of the governing body (Part VI, line 1a) .... 3 9
4 Number of independent voting members of the governing body (Part VI, line 1b) .... 4 9
5 Total number of individuals employed in calendar year 2010 (Part V, line 2a) ... 5 745
6 Total number of volunteers (estimate if necessary) .... 6 0
7a Total unrelated business revenue from Part VIII, column (C), line 12 .. 7a 14,990
b Net unrelated business taxable income from Form 990-T, line 34 .. 7b 12,591
Revenues; Prior Year Current Year
8 Contributions and grants (Part VIII, line 1h) ......... 132,728,600 114,076,833
9 Program service revenue (Part VIII, line 2g) ......... 57,378,997 854,453
10 Investment income (Part VIII, column (A), lines 3, 4, and 7d ) .... 23,395,341 24,564,562
11 Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11e) 143,601 232,895
12 Total revenue—add lines 8 through 11 (must equal Part VIII, column (A), line 12)................... 213,646,539 139,728,743
Expenses; 13 Grants and similar amounts paid (Part IX, column (A), lines 1–3 )... 10,045,744 21,939,539
14 Benefits paid to or for members (Part IX, column (A), line 4) .... 0 0
15 Salaries, other compensation, employee benefits (Part IX, column (A), lines 5–10) 53,718,463 51,703,864
16a Professional fundraising fees (Part IX, column (A), line 11e).... 0 0
b Total fundraising expenses (Part IX, column (D), line 25) MediumBullet0    
17 Other expenses (Part IX, column (A), lines 11a–11d, 11f–24f).... 147,029,228 43,878,153
18 Total expenses. Add lines 13–17 (must equal Part IX, column (A), line 25) 210,793,435 117,521,556
19 Revenue less expenses. Subtract line 18 from line 12...... 2,853,104 22,207,187
Net Assets or Fund Balances; Beginning of Current Year End of Year
20 Total assets (Part X, line 16)............ 846,128,246 835,486,221
21 Total liabilities (Part X, line 26)............ 383,060,543 356,953,275
22 Net assets or fund balances. Subtract line 21 from line 20 ..... 463,067,703 478,532,946
Part II
Signature Block
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than officer) is based on all information of which preparer has any knowledge.
Sign Here
JumboBullet
Signature of officer Date
JumboBullet
Type or print name and title.
Paid Preparer's Use Only Preparer's
signatureBig Right Arrow 		Date
right pointing bullet image Preparer’s taxpayer identification number
(see instructions)
Firm’s name (or yours
if self-employed),
address, and ZIP + 4Big Right Arrow




 		EIN right pointing bullet image
Phone no. right pointing bullet image
May the IRS discuss this return with the preparer shown above? (see instructions) .........
For Privacy Act and Paperwork Reduction Act Notice, see the separate instructions.
Cat. No. 11282Y
Form 990 (2010)
Form 990 (2010)
Page 2
Part III
Statement of Program Service Accomplishments
Check if Schedule O contains a response to any question in this Part III . . . . . . . . . .
1
Briefly describe the organization’s mission: SEE SCHEDULE O, GENERAL STATEMENT 1
2
Did the organization undertake any significant program services during the year which were not listed on
the prior Form 990 or 990-EZ? ....................
If “Yes,” describe these new services on Schedule O.
3
Did the organization cease conducting, or make significant changes in how it conducts, any program services? ..........................
If “Yes,” describe these changes on Schedule O.
4
Describe the exempt purpose achievements for each of the organization’s three largest program services by expenses.
Section 501(c)(3) and 501(c)(4) organizations and section 4947(a)(1) trusts are required to report the amount of grants and allocations to others, the total expenses, and revenue, if any, for each program service reported.
4a (Code:   ) (Expenses $ 35,582,942 including grants of $ 21,939,538 ) (Revenue $ 854,453 )
SEE SCHEDULE O, GENERAL STATEMENT 2
4b (Code:   ) (Expenses $ 33,968,577 including grants of $   ) (Revenue $   )
SEE SCHEDULE O, GENERAL STATEMENT 2
4c (Code:   ) (Expenses $ 18,522,554 including grants of $   ) (Revenue $   )
SEE SCHEDULE O, GENERAL STATEMENT 2
4d Other program services. (Describe in Schedule O.)
(Expenses $ 12,280,978 including grants of $   ) (Revenue $   )
4e Total program service expensesMediumBullet$ 100,355,051
Form 990 (2010)
Form 990 (2010)
Page 3
Part IV
Checklist of Required Schedules
Yes
No
1
Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)? If “Yes,” complete Schedule AClick to see attachment.....................
1
Yes
 
2
Is the organization required to complete Schedule B, Schedule of Contributors? ........
2
 
No
3
Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office? If “Yes,” complete Schedule C, Part IClick to see attachment..........
3
 
No
4
Section 501(c)(3) organizations. Did the organization engage in lobbying activities? If “Yes,” complete Schedule C,
Part IIClick to see attachment.........................
4
Yes
 
5
Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Revenue Procedure 98-19? If “Yes,” complete Schedule C, Part III........................
5
 
 
6
Did the organization maintain any donor advised funds or any similar funds or accounts where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts? If “Yes,” complete
Schedule D, Part IClick to see attachment.......................
6
 
No
7
Did the organization receive or hold a conservation easement, including easements to preserve open space,
the environment, historic land areas or historic structures? If “Yes,” complete Schedule D, Part IIClick to see attachment...
7
 
No
8
Did the organization maintain collections of works of art, historical treasures, or other similar assets? If “Yes,” complete Schedule D, Part III Click to see attachment....................
8
 
No
9
Did the organization report an amount in Part X, line 21; serve as a custodian for amounts not listed in Part X; or provide credit counseling, debt management, credit repair, or debt negotiation services? If “Yes,”
complete Schedule D, Part IVClick to see attachment...................
9
Yes
 
10
Did the organization, directly or through a related organization, hold assets in term, permanent,or quasi-endowments? If “Yes,” complete Schedule D, Part VClick to see attachment
10
 
No
11
If the organization’s answer to any of the following questions is ‘Yes,’ then complete Schedule D, Parts VI, VII, VIII, IX, or X as applicable:
a
Did the organization report an amount for land, buildings, and equipment in Part X, line10? If “Yes,” complete Schedule D, Part VI.Click to see attachment
11a
Yes
 
b
Did the organization report an amount for investments—other securities in Part X, line 12 that is 5% or more of its total assets reported in Part X, line 16? If “Yes,” complete Schedule D, Part VII.Click to see attachment
11b
 
No
c
Did the organization report an amount for investments—program related in Part X, line 13 that is 5% or more of its total assets reported in Part X, line 16? If “Yes,” complete Schedule D, Part VIII.Click to see attachment
11c
 
No
d
Did the organization report an amount for other assets in Part X, line 15 that is 5% or more of its total assets reported in Part X, line 16? If “Yes,” complete Schedule D, Part IX.Click to see attachment
11d
 
No
e
Did the organization report an amount for other liabilities in Part X, line 25? If “Yes,” complete Schedule D, Part X.Click to see attachment
11e
Yes
 
f
Did the organization’s separate or consolidated financial statements for the tax year include a footnote that addresses the organization’s liability for uncertain tax positions under FIN 48 (ASC 740)? If “Yes,” complete Schedule D, Part X.Click to see attachment
11f
 
No
12a
Did the organization obtain separate, independent audited financial statements for the tax year? If “Yes,” complete Schedule D, Parts XI, XII, and XIII Click to see attachment
12a
 
No
b
Was the organization included in consolidated, independent audited financial statements for the tax year? If “Yes,” and if the organization answered ‘No’ to line 12a, then completing Schedule D, Parts XI, XII, and XIII is optional Click to see attachment
12b
Yes
 
13
Is the organization a school described in section 170(b)(1)(A)(ii)? If “Yes,” complete Schedule E
13
 
No
14a
Did the organization maintain an office, employees, or agents outside of the United States?....
14a
 
No
b
Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, and program service activities outside the United States? If “Yes,” complete Schedule F, Part I.........
14b
 
No
15
Did the organization report on Part IX, column (A), line 3, more than $5,000 of grants or assistance to any organization or entity located outside the U.S.? If “Yes,” complete Schedule F, Part II..
15
 
No
16
Did the organization report on Part IX, column (A), line 3, more than $5,000 of aggregate grants or assistance to individuals located outside the U.S.? If “Yes,” complete Schedule F, Part III..
16
 
No
17
Did the organization report a total of more than $15,000, of expenses for professional fundraising services on Part IX, column (A), lines 6 and 11e? If “Yes,” complete Schedule G, Part I
17
 
No
18
Did the organization report more than $15,000 total of fundraising event gross income and contributions on Part VIII, lines 1c and 8a? If “Yes,” complete Schedule G, Part II..........
18
 
No
19
Did the organization report more than $15,000 of gross income from gaming activities on Part VIII, line 9a? If “Yes,” complete Schedule G, Part III...................
19
 
No
Form 990 (2010)
Form 990 (2010)
Page 4
Part IV
Checklist of Required Schedules (continued)
20a
Did the organization operate one or more hospitals? If “Yes,” complete Schedule H.....
20a
 
No
b
Did the organization attach its audited financial statement to this return? Note: All Form 990 filers that operate one or more hospitals must attach audited financial statements. .....
20b
 
 
21
Did the organization report more than $5,000 of grants and other assistance to governments and organizations in the United States on Part IX, column (A), line 1? If “Yes,” complete Schedule I, Parts I and II.. Click to see attachment
21
Yes
 
22
Did the organization report more than $5,000 of grants and other assistance to individuals in the United States on Part IX, column (A), line 2? If “Yes,” complete Schedule I, Parts I and III..... Click to see attachment
22
 
No
23
Did the organization answer “Yes” to Part VII, Section A, questions 3, 4, or 5, about compensation of the organization’s current and former officers, directors, trustees, key employees, and highest compensated employees? If “Yes,” complete Schedule J................ Click to see attachment
23
Yes
 
24a
Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002? If “Yes,” answer questions 24b–24d and complete Schedule K. If “No,” go to line 25................
24a
 
No
b
Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?...
24b
 
 
c
Did the organization maintain an escrow account other than a refunding escrow at any time during the year
to defease any tax-exempt bonds?......................
24c
 
 
d
Did the organization act as an “on behalf of” issuer for bonds outstanding at any time during the year?...
24d
 
 
25a
Section 501(c)(3) and 501(c)(4) organizations. Did the organization engage in an excess benefit transaction with a disqualified person during the year? If “Yes,” complete Schedule L, Part I......
25a
 
No
b
Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization’s prior Forms 990 or 990-EZ? If “Yes,” complete Schedule L, Part I................
25b
 
No
26
Was a loan to or by a current or former officer, director, trustee, key employee, highly compensated employee, or disqualified person outstanding as of the end of the organization’s tax year? If “Yes,” complete Schedule L,
Part II...........................
26
 
No
27
Did the organization provide a grant or other assistance to an officer, director, trustee, key employee, substantial contributor, or a grant selection committee member, or to a person related to such an individual? If “Yes,” complete Schedule L, Part III...............
27
 
No
28
Was the organization a party to a business transaction with one of the following parties? (see Schedule L, Part IV instructions for applicable filing thresholds, conditions, and exceptions):
a
A current or former officer, director, trustee, or key employee? If “Yes,” complete Schedule L, Part IV .........................
28a
 
No
b
A family member of a current or former officer, director, trustee, or key employee? If “Yes,”
complete Schedule L, Part IV...................
28b
 
No
c
An entity of which a current or former officer, director, trustee, or key employee (or a family member thereof) was an officer, director, trustee, or owner? If “Yes,” complete Schedule L, Part IV..
28c
 
No
29
Did the organization receive more than $25,000 in non-cash contributions? If “Yes,” complete Schedule M
29
 
No
30
Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions? If “Yes,” complete Schedule M............
30
 
No
31
Did the organization liquidate, terminate, or dissolve and cease operations? If “Yes,” complete Schedule N,
Part I...........................
31
 
No
32
Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets? If “Yes,” complete Schedule N, Part II.......................
32
 
No
33
Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3? If “Yes,” complete Schedule R, Part I........ Click to see attachment
33
 
No
34
Was the organization related to any tax-exempt or taxable entity? If “Yes,” complete Schedule R, Parts II, III, IV, and V, line 1..................... Click to see attachment
34
Yes
 
35
Is any related organization a controlled entity within the meaning of section 512(b)(13)? .....
35
Yes
 
a
Did the organization receive any payment from or engage in any transaction with a controlled entity within the meaning of section 512(b)(13)? If “Yes,” complete Schedule R, Part V, line 2... Click to see attachment
36
Section 501(c)(3) organizations. Did the organization make any transfers to an exempt non-charitable related organization? If “Yes,” complete Schedule R, Part V, line 2........... Click to see attachment
36
 
No
37
Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes? If “Yes,” complete Schedule R, Part VIClick to see attachment
37
 
No
38
Did the organization complete Schedule O and provide explanations in Schedule O for Part VI, lines 11 and 19? Note. All Form 990 filers are required to complete Schedule O. ............
38
Yes
 
Form 990 (2010)
Form 990 (2010)
Page 5
Part V
Statements Regarding Other IRS Filings and Tax Compliance
Check if Schedule O contains a response to any question in this Part V . . . . . . . . . .
Yes
No
1a
Enter the number reported in Box 3 of Form 1096. Enter -0- if not applicable. .......
1a
126
b
Enter the number of Forms W-2G included in line 1a. Enter -0- if not applicable.
1b
0
c
Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners? ..................
1c
Yes
 
2a
Enter the number of employees reported on Form W-3, Transmittal of Wage and Tax Statements filed for the calendar year ending with or within the year covered by this return .....................
2a
745
b
If at least one is reported on line 2a, did the organization file all required federal employment tax returns?

Note. If the sum of lines 1a and 2a is greater than 250, you may be required to e-file. (see instructions)
2b
Yes
 
3a
Did the organization have unrelated business gross income of $1,000 or more during the year?.............................
3a
Yes
 
b
If “Yes,” has it filed a Form 990-T for this year? If “No,” provide an explanation in Schedule O.....
3b
Yes
 
4a
At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account or securities account)?.......................
4a
 
No
b
If "Yes," enter the name of the foreign country: MediumBullet
See instructions for filing requirements for Form TD F 90-22.1, Report of Foreign Bank and Financial Accounts.
5a
Was the organization a party to a prohibited tax shelter transaction at any time during the tax year?..
5a
 
No
b
Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?
5b
 
No
c
If “Yes” to line 5a or 5b, did the organization file Form 8886-T? ........
5c
 
 
6a
Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible?..........
6a
 
No
b
If “Yes,” did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible?........................
6b
 
 
7
Organizations that may receive deductible contributions under section 170(c).
a
Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor?....................
7a
 
No
b
If “Yes,” did the organization notify the donor of the value of the goods or services provided?.....
7b
 
 
c
Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282?...........................
7c
 
No
d
If “Yes,” indicate the number of Forms 8282 filed during the year ....
7d
 
e
Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?..........................
7e
 
No
f
Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract?..
7f
 
No
g
If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required?...................
7g
 
 
h
If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C?...............
7h
 
 
8
Sponsoring organizations maintaining donor advised funds and section 509(a)(3) supporting organizations. Did the supporting organization, or a donor advised fund maintained by a sponsoring organization, have excess business holdings at any time during the year?................
8
 
 
9
Sponsoring organizations maintaining donor advised funds.
a
Did the organization make any taxable distributions under section 4966?.........
9a
 
 
b
Did the organization make a distribution to a donor, donor advisor, or related person?......
9b
 
 
10
Section 501(c)(7) organizations. Enter:
a
Initiation fees and capital contributions included on Part VIII, line 12 ...
10a
 
b
Gross receipts, included on Form 990, Part VIII, line 12, for public use of club facilities
10b
 
11
Section 501(c)(12) organizations. Enter:
a
Gross income from members or shareholders .........
11a
 
b
Gross income from other sources (Do not net amounts due or paid to other sources against amounts due or received from them.) ........
11b
 
12a
Section 4947(a)(1) non-exempt charitable trusts. Is the organization filing Form 990 in lieu of Form 1041?
12a
 
 
b
If “Yes,” enter the amount of tax-exempt interest received or accrued during the year.
12b
 
13
Section 501(c)(29) qualified nonprofit health insurance issuers.
a
Is the organization licensed to issue qualified health plans in more than one state?
Note. All 501(c)(29) organizations must list in Schedule O each state in which they are licensed to issue qualified health plans, the amount of reserves required by each state, and the amount of reserves the organization allocated to each state.
13a
 
 
b
Enter the aggregate amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans.
13b
 
c
Enter the aggregate amount of reserves on hand.
13c
 
14a
Did the organization receive any payments for indoor tanning services during the tax year?.....
14a
 
 
b
If "Yes," has it filed a Form 720 to report these payments? If “No,” provide an explanation in Schedule O..
14b
 
 
Form 990 (2010)
Form 990 (2010)
Page 6
Part VI
Governance, Management, and Disclosure For each “Yes” response to lines 2 through 7b below, and for a “No” response to lines 8a, 8b, or 10b below, describe the circumstances, processes, or changes in Schedule O. See instructions.
Check if Schedule O contains a response to any question in this Part VI . . . . . . . . . .
Section A. Governing Body and Management
Yes
No
1a
Enter the number of voting members of the governing body at the end of the tax year ..............
1a
9
b
Enter the number of voting members included in line 1a, above, who are independent .................
1b
9
2
Did any officer, director, trustee, or key employee have a family relationship or a business relationship with any other officer, director, trustee, or key employee? .................
2
 
No
3
Did the organization delegate control over management duties customarily performed by or under the direct supervision of officers, directors or trustees, or key employees to a management company or other person? ..
3
 
No
4
Did the organization make any significant changes to its governing documents since the prior Form 990 was filed?
4
Yes
 
5
Did the organization become aware during the year of a significant diversion of the organization’s assets? .
5
 
No
6
Does the organization have members or stockholders? ................
6
 
No
7a
Does the organization have members, stockholders, or other persons who may elect one or more members of the governing body? .........................
7a
Yes
 
b
Are any decisions of the governing body subject to approval by members, stockholders, or other persons? ..
7b
 
No
8
Did the organization contemporaneously document the meetings held or written actions undertaken during the year by the following:
a
The governing body? .........................
8a
Yes
 
b
Each committee with authority to act on behalf of the governing body? ............
8b
Yes
 
9
Is there any officer, director, trustee, or key employee listed in Part VII, Section A, who cannot be reached at the organization’s mailing address? If “Yes,” provide the names and addresses in Schedule O .....
9
 
No
Section B. Policies (This Section B requests information about policies not required by the Internal
Revenue Code.)
Yes
No
10a
Does the organization have local chapters, branches, or affiliates? ............
10a
 
No
b
If “Yes,” does the organization have written policies and procedures governing the activities of such chapters, affiliates, and branches to ensure their operations are consistent with those of the organization? ....
10b
 
 
11a
Has the organization provided a copy of this Form 990 to all members of its governing body before filing the form?
11a
Yes
 
b
Describe in Schedule O the process, if any, used by the organization to review the Form 990. .....
12a
Does the organization have a written conflict of interest policy? If “No,” go to line 13.......
12a
Yes
 
b
Are officers, directors or trustees, and key employees required to disclose annually interests that could give rise to conflicts? ...........................
12b
Yes
 
c
Does the organization regularly and consistently monitor and enforce compliance with the policy? If “Yes,” describe in Schedule O how this is done ....................
12c
Yes
 
13
Does the organization have a written whistleblower policy? ...............
13
Yes
 
14
Does the organization have a written document retention and destruction policy? .........
14
Yes
 
15
Did the process for determining compensation of the following persons include a review and approval by independent persons, comparability data, and contemporaneous substantiation of the deliberation and decision?
a
The organization’s CEO, Executive Director, or top management official ...........
15a
Yes
 
b
Other officers or key employees of the organization ................
15b
Yes
 
If "Yes" to line a or b, describe the process in Schedule O. (See instructions.)
16a
Did the organization invest in, contribute assets to, or participate in a joint venture or similar arrangement with a taxable entity during the year? ......................
16a
 
No
b
If “Yes,” has the organization adopted a written policy or procedure requiring the organization to evaluate its participation in joint venture arrangements under applicable federal tax law, and taken steps to safeguard the organization’s exempt status with respect to such arrangements? ............
16b
 
 
Section C. Disclosure
17
List the States with which a copy of this Form 990 is required to be filedMediumBullet
18
Section 6104 requires an organization to make its Form 1023 (or 1024 if applicable), 990, and 990-T (501(c)(3)s only) available for public inspection. Indicate how you make these available. Check all that apply.
19
Describe in Schedule O whether (and if so, how), the organization makes its governing documents, conflict of interest policy, and financial statements available to the public.
20
State the name, physical address, and telephone number of the person who possesses the books and records of the organization: MediumBullet
MARK ZARSKY
301 SUNDANCE PARKWAY
ROUND ROCK,TX786818004
(512) 219-5700
Form 990 (2010)
Form 990 (2010)
Page 7
Part VII
Compensation of Officers, Directors,Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors
Check if Schedule O contains a response to any question in this Part VII . . . . . . . . . .
Section A. Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees
1a Complete this table for all persons required to be listed. Report compensation for the calendar year ending with or within the organization’s tax year.
RoundBullet List all of the organization’s current officers, directors, trustees (whether individuals or organizations), regardless of amount
of compensation, and current key employees. Enter -0- in columns (D), (E), and (F) if no compensation was paid.

RoundBullet List all of the organization’s current key employees, if any. See instructions for definition of "key employee."
RoundBullet List the organization’s five current highest compensated employees (other than an officer, director, trustee or key employee)
who received reportable compensation (Box 5 of Form W-2 and/or Box 7 of Form 1099-MISC) of more than $100,000 from the
organization and any related organizations.

RoundBullet List all of the organization’s former officers, key employees, or highest compensated employees who received more than $100,000
of reportable compensation from the organization and any related organizations.

RoundBullet List all of the organization’s former directors or trustees that received, in the capacity as a former director or trustee of the
organization, more than $10,000 of reportable compensation from the organization and any related organizations.

List persons in the following order: individual trustees or directors; institutional trustees; officers; key employees; highest
compensated employees; and former such persons.
Check this box if neither the organization nor any related organizations compensated any current or former officer, director, or trustee.
(A)
Name and Title 		(B)
Average hours per week (describe hours for related organizations in Schedule O) 		(C)
Position (check all that apply) 		(D)
Reportable compensation from the organization (W- 2/1099-MISC) 		(E)
Reportable compensation from related organizations (W- 2/1099-MISC) 		(F)
Estimated amount of other compensation from the organization and related organizations
Individual Trustee or Director; Institutional Trustee; Officer; Key Employee; Highest compensated employee; Former;
(1) IVAN ANDARZA
BOARD MEMBER
 8.0 X           0 0 0
(2) YVONNE BATTS
BOARD MEMBER
 2.0 X           0 0 0
(3) FH LANDIS
BOARD MEMBER
 2.0 X           0 0 0
(4) RICHARD RHODES
BOARD MEMBER
 2.0 X           0 0 0
(5) MICHAEL SAVOIE
BOARD MEMBER
 2.0 X           0 0 0
(6) CONNIE SITTERLY
BOARD MEMBER
 2.0 X           0 0 0
(7) STEVEN TAYS
BOARD MEMBER
 2.0 X           0 0 0
(8) DORA ANN VERDE
BOARD MEMBER
 2.0 X           0 0 0
(9) WELCOME WILSON JR
BOARD MEMBER
 2.0 X           0 0 0
(10) PHIL WORLEY
BOARD MEMBER
 2.0 X           0 0 0
(11) STATE OF TEXAS COMPTROLLER
BOARD MEMBER
 2.0   X         0 0 0
(12) SUE C MCMILLIN
PRESIDENT/CEO
 57.57     X       363,827 0 27,823
(13) JAMES PATTERSON
SVP/CFO
 44.89     X       251,440 0 39,925
(14) LLOYD DODGE
SVP/INFORMATION TECHNOLOGY
 40.44     X       242,247 0 22,665
(15) DEANNE VARNER
GEN COUNSEL/ETHICS OFFICER
 51.68     X       248,399 0 25,723
(16) KIM M ALEXANDER
VP CUSTOMER SERVICE
 45.21     X       183,059 0 26,731
(17) PHILIP E FLORA
CAE/AUDITOR
 43.24     X       145,816 0 18,575
Form 990 (2010)
Form 990 (2010)
Page 8
Part VII
Section A. Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees (continued)
(A)
Name and Title 		(B)
Average hours per week (describe hours for related organizations in Schedule O) 		(C)
Position (check all that apply) 		(D)
Reportable compensation from the organization (W- 2/1099-MISC) 		(E)
Reportable compensation from related organizations (W- 2/1099-MISC) 		(F)
Estimated amount of other compensation from the organization and related organizations
Individual Trustee or Director; Institutional Trustee; Officer; Key Employee; Highest compensated employee; Former;
(18) JOHN R ZANOT
VP MARKETING
 47.67     X       156,397 0 33,782
(19) RINN D HARPER
VP OPERATIONS
 41.62     X       155,725 0 28,439
(20) CAROL N LINDSEY
VP POLICY
 51.35     X       150,653 0 23,736
(21) PHILLIP E CERVIN
VP COLLECTIONS
 51.55     X       154,538 0 30,852
(22) JACOB FRAIRE
VP SIS
 44.0     X       134,510 0 29,322
(23) CHANCE WATSON
CAE/AUDITOR
 41.42     X       86,845 0 13,911
(24) CALVIN H ABBOTT
AVP PORTFOLIO MANAGER
 40.41       X     157,994 0 26,863
(25) MARY O NEGRETE
AVP/HR
 42.96       X     152,545 0 19,598
(26) PAUL B DIAZ
AVP/TECH SVCS
 43.25       X     152,247 0 18,604
(27) MARK J ZARSKY
AVP/CONTROLLER
 41.53       X     152,766 0 23,746
(28) BONNIE BRINKLEY
AVP/GSR
 40.69       X     154,835 0 18,677
(29) JAMES E ZIMMERMAN
AVP /EPMO
 40.66         X   147,165 0 29,932
(30) WILLIAM LOVEALL
AVP/EPMO
 42.04         X   139,927 0 21,325
(31) ANGEL CRUZ
AVP/CISO
 40.15         X   135,173 0 29,717
(32) KARA THOMPSON
AVP/STRATEGIC PLANNING
 40.15         X   129,562 0 21,966
(33) GEORGE TORRES
AVP/SAP-CLR
 40.15         X   121,452 0 27,250
1b Sub-Total................MediumBullet
c Total from continuation sheets to Part VII, Section A....MediumBullet
d Total (add lines 1b and 1c)............MediumBullet 3,717,122 0 559,162
2
Total number of individuals (including but not limited to those listed above) who received more than $100,000 in reportable compensation from the organizationMediumBullet21
Yes
No
3
Did the organization list any former officer, director or trustee, key employee, or highest compensated employee on line 1a? If “Yes,” complete Schedule J for such individual .............
3
 
No
4
For any individual listed on line 1a, is the sum of reportable compensation and other compensation from the organization and related organizations greater than $150,000? If “Yes,” complete Schedule J for such individual...........................
4
Yes
 
5
Did any person listed on line 1a receive or accrue compensation from any unrelated organization or individual for services rendered to the organization? If “Yes,” complete Schedule J for such person .....
5
 
No
Section B. Independent Contractors
1
Complete this table for your five highest compensated independent contractors that received more than $100,000 of compensation from the organization.
(A)
Name and business address 		(B)
Description of services 		(C)
Compensation
SEE SCHEDULE O GENERAL STATEMENT 3
 
  		   
2
Total number of independent contractors (including but not limited to those listed above) who received more than $100,000 in compensation from the organization MediumBullet9
Form 990 (2010)
Form 990 (2010)
Page 9
Part VIII
Statement of Revenue
(A)
Total revenue 		(B)
Related or
exempt
function
revenue 		(C)
Unrelated
business
revenue 		(D)
Revenue
excluded from
tax under sections
512, 513, or 514
Contributions, gifts, grants and other similar amounts 1a Federated campaigns..1a  
b Membership dues....1b  
c Fundraising events....1c  
d Related organizations...1d  
e Government grants (contributions)1e 114,076,833
f All other contributions, gifts, grants, and
similar amounts not included above1f 		 
g Noncash contributions included in lines 1a-1f:$ 0
h Total. Add lines 1a-1f.......MediumBullet 114,076,833
Program Service Revenue Business Code
2a FEDERAL DEFAULT FEE 900,099 94,100 94,100    
b REPUR INTEREST 900,099 444,255 444,255    
c DAS 900,099 316,098 316,098    
d
e
f All other program service revenue .        
g Total. Add lines 2a–2f........MediumBullet 854,453
Other Revenue 3 Investment income (including dividends, interest
and other similar amounts).....MediumBullet 24,570,213     24,570,213
4 Income from investment of tax-exempt bond proceeds..MediumBullet 0      
5 Royalties............MediumBullet 0      
(i) Real (ii) Personal
6a Gross Rents 44,963  
b Less: rental expenses 29,973  
c Rental income or (loss) 14,990  
d Net rental income or (loss).......MediumBullet 14,990   14,990  
(i) Securities (ii) Other
7a Gross amount from sales of assets other than inventory 181,411,115 245,694
b Less: cost or other basis and sales expenses 181,411,115 251,345
c Gain or (loss)   -5,651
d Net gain or (loss)..........MediumBullet -5,651 -5,651   0
8a Gross income from fundraising events (not including
$  
of contributions reported on line 1c). See Part IV, line 18 ...
a  
b Less: direct expenses ...b  
c Net income or (loss) from fundraising events..MediumBullet 0   0
9a Gross income from gaming activities.
See Part IV, line 19 ...
a  
b Less: direct expenses ...b  
c Net income or (loss) from gaming activities...MediumBullet 0     0
10a Gross sales of inventory, less
returns and allowances .
a  
b Less: cost of goods sold ..b  
c Net income or (loss) from sales of inventory..MediumBullet 0     0
Miscellaneous Revenue Business Code
11a MISC. INCOME 900,099 217,905 217,905    
b            
c            
d All other revenue ....        
e Total. Add lines 11a–11d ......MediumBullet 217,905
12 Total revenue. See Instructions....MediumBullet 139,728,743 1,066,707 14,990 24,570,213
Form 990 (2010)
Form 990 (2010)
Page 10
Part IX
Statement of Functional Expenses
Section 501(c)(3) and 501(c)(4) organizations must complete all columns. All other organizations must complete column (A) but are not required to complete columns (B), (C), and (D).
Do not include amounts reported on lines 6b,
7b, 8b, 9b, and 10b of Part VIII. 		(A)
Total expenses 		(B)
Program service expenses 		(C)
Management and general expenses 		(D)
Fundraising expenses
1 Grants and other assistance to governments and organizations in the U.S. See Part IV, line 21 21,939,539 21,939,539
2 Grants and other assistance to individuals in the U.S. See Part IV, line 22 0  
3 Grants and other assistance to governments, organizations, and individuals outside the U.S. See Part IV, lines 15 and 16 0  
4 Benefits paid to or for members 0  
5 Compensation of current officers, directors, trustees, and key employees .... 2,270,629 1,938,461 332,168  
6 Compensation not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B) .... 0   0  
7 Other salaries and wages 37,036,651 29,013,497 8,023,154  
8 Pension plan contributions (include section 401(k) and section 403(b) employer contributions) .... 3,002,562 2,361,223 641,339  
9 Other employee benefits ....... 6,201,697 4,883,438 1,318,259  
10 Payroll taxes ........... 3,192,325 2,513,751 678,574  
11 Fees for services (non-employees):        
a Management ...... 0   0  
b Legal ......... 249,409 103,218 146,191  
c Accounting ........... 192,927 0 192,927  
d Lobbying ........... 39,600 39,600 0  
e Professional fundraising. See Part IV, line 17.. 0  
f Investment management fees ...... 0   0  
g Other .......... 878,957 509,622 369,335  
12 Advertising and promotion .... 233,704 233,704    
13 Office expenses ....... 2,883,377 2,689,960 193,417  
14 Information technology ...... 3,350,553 2,681,001 669,552  
15 Royalties .. 0   0  
16 Occupancy ........... 1,312,608 569,545 743,063  
17 Travel ............ 1,170,182 973,440 196,742  
18 Payments of travel or entertainment expenses for any federal, state, or local public officials ...... 0   0  
19 Conferences, conventions, and meetings .... 557,941 263,051 294,890  
20 Interest ........... 0   0  
21 Payments to affiliates ....... 0   0  
22 Depreciation, depletion, and amortization ..... 4,572,717 2,939,752 1,632,965  
23 Insurance .............. 330,301 191,509 138,792  
24 Other expenses. Itemize expenses not covered above. (Expenses grouped together and labeled miscellaneous may not exceed 5% of total expenses shown on line 25 below.)
a COLL AGNCY 11,071,520 11,071,520 0  
b LOAN LOSS 7,763,290 7,763,290 0  
c DAF 4,442,045 4,442,045 0  
d OTHER PROFESSIONAL SVCS 3,507,029 2,347,035 1,159,994  
e UBI TAX EXPENSES 6,346 0 6,346  
f All other expenses 1,315,647 886,850 428,797 0
25 Total functional expenses. Add lines 1 through 24f 117,521,556 100,355,051 17,166,505 0
26 Joint costs. Check here MediumBullet if following
SOP 98-2 (ASC 958-720). Complete this line only if the organization reported in column (B) joint costs from a combined educational campaign and fundraising solicitation 		       
Form 990 (2010)
Form 990 (2010)
Page 11
Part X Balance Sheet
(A)
Beginning of year 		(B)
End of year
Assets 1 Cash—non-interest-bearing .......... 752,195 1 22,705,180
2 Savings and temporary cash investments ....... 3,265,082 2 4,599,179
3 Pledges and grants receivable, net .........   3  
4 Accounts receivable, net ......... 65,501,934 4 72,737,709
5 Receivables from current and former officers, directors, trustees, key employees, and highest compensated employees. Complete Part II of
Schedule L ..........   5  
6 Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B). Complete Part II of
Schedule L ..........   6  
7 Notes and loans receivable, net .............   7  
8 Inventories for sale or use ..............   8  
9 Prepaid expenses and deferred charges ............ 1,930,154 9 1,749,526
10a Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D 10a 71,221,300
b Less: accumulated depreciation. ..... 10b 27,882,981 42,803,755 10c 43,338,319
11 Investments—publicly traded securities .......... 717,846,089 11 682,881,388
12 Investments—other securities. See Part IV, line 11 ...... 6,947,676 12 7,287,452
13 Investments—program-related. See Part IV, line 11 ..   13  
14 Intangible assets .........   14  
15 Other assets. See Part IV, line 11 ........... 7,081,361 15 187,468
16 Total assets. Add lines 1 through 15 (must equal line 34)... 846,128,246 16 835,486,221
Liabilities 17 Accounts payable and accrued expenses . 69,403,267 17 83,456,814
18 Grants payable ..........   18  
19 Deferred revenue ..........   19  
20 Tax-exempt bond liabilities ..........   20  
21 Escrow or custodial account liability. Complete Part IV of Schedule D..   21  
22 Payables to current and former officers, directors, trustees, key
employees, highest compensated employees, and disqualified
persons. Complete Part II of Schedule L..........   22  
23 Secured mortgages and notes payable to unrelated third parties .. 4,507,276 23 2,636,460
24 Unsecured notes and loans payable to unrelated third parties ....   24  
25 Other liabilities. Complete Part X of Schedule D..... 309,150,000 25 270,860,001
26 Total liabilities. Add lines 17 through 25..... 383,060,543 26 356,953,275
Net Assets or Fund Balance Organizations that follow SFAS 117, check here MediumBullet and complete lines 27 through 29, and lines 33 and 34.
27 Unrestricted net assets .....   27  
28 Temporarily restricted net assets .....   28  
29 Permanently restricted net assets .....   29  
Organizations that do not follow SFAS 117, check here MediumBullet and complete lines 30 through 34.
30 Capital stock or trust principal, or current funds .....   30  
31 Paid-in or capital surplus, or land, building or equipment fund ..... 38,296,480 31 40,701,859
32 Retained earnings, endowment, accumulated income, or other funds 424,771,223 32 437,831,087
33 Total net assets or fund balances ..... 463,067,703 33 478,532,946
34 Total liabilities and net assets/fund balances ..... 846,128,246 34 835,486,221
Form 990 (2010)
Form 990 (2010)
Page 12
Part XI
Reconcilliation of Net Assets
Check if Schedule O contains a response to any question in this Part XI . . . . . . . . . .
1
Total revenue (must equal Part VIII, column (A), line 12) . . .
1
139,728,743
2
Total expenses (must equal Part IX, column (A), line 25) . . . . .
2
117,521,556
3
Revenue less expenses. Subtract line 2 from line 1 . . . .
3
22,207,187
4
Net assets or fund balances at beginning of year (must equal Part X, line 33, column (A)) . .
4
463,067,703
5
Other changes in net assets or fund balances (explain in Schedule O) . . . .
5
-6,741,944
6
Net assets or fund balances at end of year. Combine lines 3, 4, and 5 (must equal Part X, line 33, column (B)) . . . . . .
6
478,532,946
Part XII
Financial Statements and Reporting
Check if Schedule O contains a response to any question in this Part XII . . . . . . . . . .
Yes
No
1
Accounting method used to prepare the Form 990:  
If the organization changed its method of accounting from a prior year or checked "Other," explain in
Schedule O.
2a
Were the organization’s financial statements compiled or reviewed by an independent accountant?..
2a
 
No
b
Were the organization’s financial statements audited by an independent accountant?........
2b
Yes
 
c
If “Yes,” to 2a or 2b, does the organization have a committee that assumes responsibility for oversight of the audit, review, or compilation of its financial statements and selection of an independent accountant?
If the organization changed either its oversight process or selection process during the tax year, explain in Schedule O............................
2c
Yes
 
d
If “Yes” to line 2a or 2b, check a box below to indicate whether the financial statements for the year were issued on a separate basis, consolidated basis, or both:
3a
As a result of a federal award, was the organization required to undergo an audit or audits as set forth in the Single Audit Act and OMB Circular A-133? ................
3a
Yes
 
b
If “Yes,” did the organization undergo the required audit or audits? If the organization did not undergo the required audit or audits, explain why in Schedule O and describe any steps taken to undergo such audits. ..
3b
Yes
 
Form 990 (2010)
Additional Data


Software ID:  
Software Version:  
Form 990, Special Condition Description:
Special Condition Description
SCHEDULE A
(Form 990 or 990EZ)

Department of the Treasury
Internal Revenue Service
Public Charity Status and Public Support

Complete if the organization is a section 501(c)(3) organization or a section
4947(a)(1) nonexempt charitable trust.
right arrow Attach to Form 990 or Form 990-EZ. right arrow See separate instructions.
OMB No. 1545-0047
2010
Open to Public
Inspection
Name of the organization
TEXAS GUARANTEED STUDENT LOAN CORP
 
Employer identification number

74-2094204
Part I
Reason for Public Charity Status (All organizations must complete this part.) See instructions
The organization is not a private foundation because it is: (For lines 1 through 11, check only one box.)
1
2
3
4
5
section 170(b)(1)(A)(iv). (Complete Part II.)
6
7
8
9
receipts from activities related to its exempt functions—subject to certain exceptions, and (2) no more than 331/3% of
its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses
acquired by the organization after June 30, 1975. See section 509(a)(2). (Complete Part III.)
10
11
e
f
g
(i) a person who directly or indirectly controls, either alone or together with persons described in (ii)
Yes
No
and (iii) below, the governing body of the the supported organization? ................
11g(i)
 
 
(ii) a family member of a person described in (i) above? ......................
11g(ii)
 
 
(iii) a 35% controlled entity of a person described in (i) or (ii) above? ................
11g(iii)
 
 
h
(i)
Name of supported organization 		(ii)
EIN 		(iii)
Type of organization (described on lines 1- 9 above or IRC section (see instructions)) 		(iv)
Is the organization in col. (i) listed in your governing document? 		(v)
Did you notify the organization in col. (i) of your support? 		(vi)
Is the organization in col. (i) organized in the U.S.? 		(vii)
Amount of support?
Yes No Yes No Yes No
Total                  

For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 11285F
Schedule A (Form 990 or 990-EZ) 2010
Schedule A (Form 990 or 990-EZ) 2010
Page 2
Part II
Support Schedule for Organizations Described in IRC 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi)
(Complete only if you checked the box on line 5, 7, or 8 of Part I or if the organization failed to qualify under Part III. If the organization fails to qualify under the tests listed below, please complete Part III.)
Section A. Public Support
Calendar year(or fiscal year beginning in) (a) 2006 (b) 2007 (c) 2008 (d) 2009 (e) 2010 (f) Total
1 Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") .... 158,218,887 133,020,788 117,767,682 132,728,600 114,076,833 655,812,790
2 Tax revenues levied for the organization's benefit and either paid to or expended on its behalf.......            
3 The value of services or facilities furnished by a governmental unit to the organization without charge..            
4 Total. Add lines 1 through 3.. 158,218,887 133,020,788 117,767,682 132,728,600 114,076,833 655,812,790
5 The portion of total contributions by each person (other than a governmental unit or publicly supported organization) included on line 1 that exceeds 2% of the amount shown on line 11, column (f)..            
6 Public Support. Subtract line 5 from line 4.           655,812,790
Section B. Total Support
Calendar year(or fiscal year beginning in) (a) 2006 (b) 2007 (c) 2008 (d) 2009 (e) 2010 (f) Total
7 Amounts from line 4.. 158,218,887 133,020,788 117,767,682 132,728,600 114,076,833 655,812,790
8 Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources.. 17,480,692 28,558,446 25,609,451 23,395,341 24,570,213 119,614,143
9 Net income from unrelated business activities, whether or not the business is regularly carried on..       9,706 13,591 23,297
10 Other income. (Explain in Part IV.) Do not include gain or loss from the sale of capital assets.. 110,415 293,801 280,369 105,715 217,904 1,008,204
11 Total support (Add lines 7 through 10).           776,458,434
12
12
241,534,560
13
Section C. Computation of Public Support Percentage
14
14
84.462 %
15
15
86.091 %
16a
b
17a
b
18
Schedule A (Form 990 or 990-EZ) 2010
Schedule A (Form 990 or 990-EZ) 2010
Page 3
Part III
Support Schedule for Organizations Described in IRC 509(a)(2)
(Complete only if you checked the box on line 9 of Part I or if the organization failed to qualify under Part II. If the organization fails to qualify under the tests listed below, please complete Part II.)
Section A. Public Support
Calendar year(or fiscal year beginning in) (a) 2006 (b) 2007 (c) 2008 (d) 2009 (e) 2010 (f) Total
1 Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") .            
2 Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose......            
3 Gross receipts from activities that are not an unrelated trade or business under section 513..            
4 Tax revenues levied for the organization's benefit and either paid to or expended on its behalf...            
5 The value of services or facilities furnished by a governmental unit to the organization without charge..            
6 Total. Add lines 1 through 5.            
7a Amounts included on lines 1, 2, and 3 received from disqualified persons...            
b Amounts included on lines 2 and 3 received from other than disqualified persons that exceed the greater of $5,000 or 1% of the amount on line 13 for the year.            
c Add lines 7a and 7b..            
8 Public Support (Subtract line 7c from line 6.)            
Section B. Total Support
Calendar year (or fiscal year beginning in) (a) 2006 (b) 2007 (c) 2008 (d) 2009 (e) 2010 (f) Total
9 Amounts from line 6...            
10a Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources..            
b Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975.            
c Add lines 10a and 10b.            
11 Net income from unrelated business activities not included in line 10b, whether or not the business is regularly carried on.            
12 Other income. Do not include gain or loss from the sale of capital assets (Explain in Part IV.)            
13 Total support (Add lines 9, 10c, 11 and 12.).            
14
Section C. Computation of Public Support Percentage
15
15
 
16
16
 
Section D. Computation of Investment Income Percentage
17
17
 
18
18
 
19a
b
20
Schedule A (Form 990 or 990-EZ) 2010
Schedule A (Form 990 or 990-EZ) 2010
Page 4
Part IV
Supplemental Information. Supplemental Information. Complete this part to provide the explanation required by Part II, line 10; Part II, line 17a or 17b; or Part III, line 12. Also complete this part for any additional information. (See instructions).
Facts And Circumstances Test
 
Explanation
 
 
 
 
Schedule A (Form 990 or 990-EZ) 2010

Additional Data


Software ID:  
Software Version:  
SCHEDULE C
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service
Political Campaign and Lobbying Activities

For Organizations Exempt From Income Tax Under section 501(c) and section 527
SchCMd Bullet Complete if the organization is described below.
SchCMd Bullet Attach to Form 990 or Form 990-EZ. SchCMd Bullet See separate instructions.
OMB No. 1545-0047
2010
Open to Public
Inspection
If the organization answered “Yes,” to Form 990, Part IV, Line 3, or Form 990-EZ, Part V, line 46 (Political Campaign Activities), then
Round Bullet Section 501(c)(3) organizations: Complete Parts I-A and B. Do not complete Part I-C.
Round Bullet Section 501(c) (other than section 501(c)(3)) organizations: Complete Parts I-A and C below. Do not complete Part I-B.
Round Bullet Section 527 organizations: Complete Part I-A only.
If the organization answered “Yes,” to Form 990, Part IV, Line 4, or Form 990-EZ, Part VI, line 47 (Lobbying Activities), then
Round Bullet Section 501(c)(3) organizations that have filed Form 5768 (election under section 501(h)) Complete Part II-A. Do not complete Part II-B.
Round Bullet Section 501(c)(3) organizations that have NOT filed Form 5768 (election under section 501(h)): Complete Part II-B. Do not complete Part II-A.
If the organization answered “Yes,” to Form 990, Part IV, Line 5 (Proxy Tax) or Form 990-EZ, Part V, line 35a (Proxy Tax), then
Round Bullet Section 501(c)(4), (5), or (6) organizations: Complete Part III.
Name of the organization
TEXAS GUARANTEED STUDENT LOAN CORP
 
Employer identification number

74-2094204
Part I-A
Complete if the organization is exempt under section 501(c) or is a section 527 organization.

1
Provide a description of the organization's direct and indirect political campaign activities on behalf of or in opposition to candidates for public office in Part IV.
2
Political expenditures ....................................SchCMd Bullet
$  
3
Volunteer hours ........................................
 

Part I-B
Complete if the organization is exempt under section 501(c)(3).
1
Enter the amount of any excise tax incurred by the organization under section 4955 .........SchCMd Bullet
$  
2
Enter the amount of any excise tax incurred by organization managers under section 4955 ......SchCMd Bullet
$  
3
If the organization incurred a section 4955 tax, did it file Form 4720 for this year? ..............
4a
Was a correction made? .........................................
b
If "Yes," describe in Part IV.
Part I-C
Complete if the organization is exempt under section 501(c) except section 501(c)(3).
1
Enter the amount directly expended by the filing organization for section 527 exempt function activities SchCMd Bullet
$  
2
Enter the amount of the filing organization's funds contributed to other organizations for section 527 exempt funtion activities ....................................SchCMd Bullet

$  
3
Total exempt function expenditures. Add lines 1 and 2. Enter here and on Form 1120-POL, line 17b..SchCMd Bullet

$  
4
Did the filing organization file Form 1120-POL for this year? ..........................
5
Enter the names, addresses and employer identification number (EIN) of all section 527 political organizations to which the filing
organization made payments. For each organization listed, enter the amount paid from the filing organization’s funds. Also enter the amount of political contributions received that were promptly and directly delivered to a separate political organization, such as a separate segregated fund or a political action committee (PAC). If additional space is needed, provide information in Part IV.
(a) Name (b) Address (c) EIN (d) Amount paid from filing organization's funds. If none, enter -0-. (e) Amount of political contributions received and promptly and directly delivered to a separate political organization. If none, enter -0-.










For Privacy Act and Paperwork Reduction Act Notice, see the instructions for Form 990.
Cat. No. 50084S
Schedule C (Form 990 or 990-EZ) 2010

Schedule C (Form 990 or 990-EZ) 2010
Page 2
Part II-A
Complete if the organization is exempt under section 501(c)(3) and filed Form 5768 (election under section 501(h)).
A Check
B Check
Limits on Lobbying Expenditures
(The term "expenditures" means amounts paid or incurred.) 		(a) Filing
Organization's
Totals 		(b) Affiliated Group
Totals
1a Total lobbying expenditures to influence public opinion (grass roots lobbying) ...... 0  
b Total lobbying expenditures to influence a legislative body (direct lobbying) ....... 110,361  
c Total lobbying expenditures (add lines 1a and 1b) ................... 110,361  
d Other exempt purpose expenditures ........................ 100,244,690  
e Total exempt purpose expenditures (add lines 1c and 1d) ............... 100,355,051  
f Lobbying nontaxable amount. Enter the amount from the following table in both
columns.		 1,000,000  
  If the amount on line 1e, column (a) or (b) is:The lobbying nontaxable amount is:    
  Not over $500,00020% of the amount on line 1e.    
  Over $500,000 but not over $1,000,000$100,000 plus 15% of the excess over $500,000.    
  Over $1,000,000 but not over $1,500,000$175,000 plus 10% of the excess over $1,000,000.    
  Over $1,500,000 but not over $17,000,000$225,000 plus 5% of the excess over $1,500,000.    
  Over $17,000,000$1,000,000.    
       
g Grassroots nontaxable amount (enter 25% of line 1f) ................. 250,000  
h Subtract line 1g from line 1a. If zero or less, enter -0-. ................ 0  
i Subtract line 1f from line 1c. If zero or less, enter -0-. ................ 0  
j If there is an amount other than zero on either line 1h or line 1i, did the organization file Form 4720 reporting
section 4911 tax for this year? ......................................

4-Year Averaging Period Under Section 501(h)
(Some organizations that made a section 501(h) election do not have to complete all of the five
columns below. See the instructions for lines 2a through 2f on page 4.)
Lobbying Expenditures During 4-Year Averaging Period
  Calendar year (or fiscal year
beginning in) 		(a) 2007 (b) 2008 (c) 2009 (d) 2010 (e) Total
             
2a Lobbying non-taxable amount     1,000,000 1,000,000 2,000,000
             
b Lobbying ceiling amount
(150% of line 2a, column(e)) 		        3,000,000
             
c Total lobbying expenditures     73,448 110,361 183,809
             
d Grassroots non-taxable amount     250,000 250,000 500,000
             
e Grassroots ceiling amount
(150% of line 2d, column (e))		         750,000
             
f Grassroots lobbying expenditures     0 0 0
Schedule C (Form 990 or 990-EZ) 2010


Schedule C (Form 990 or 990-EZ) 2010
Page 3
Part II-B
Complete if the organization is exempt under section 501(c)(3) and has NOT filed Form 5768 (election under section 501(h)).
(a)
Yes
No
(b)
Amount
1
During the year, did the filing organization attempt to influence foreign, national, state or local legislation, including any attempt to influence public opinion on a legislative matter or referendum, through the use of:
a
Volunteers? .........................................
 
 
b
Paid staff or management (include compensation in expenses reported on lines 1c through 1i)? ....
 
 
c
Media advertisements? ....................................
 
 
 
d
Mailings to members, legislators, or the public? .........................
 
 
 
e
Publications, or published or broadcast statements? .......................
 
 
 
f
Grants to other organizations for lobbying purposes? .......................
 
 
 
g
Direct contact with legislators, their staffs, government officials, or a legislative body? ........
 
 
 
h
Rallies, demonstrations, seminars, conventions, speeches, lectures, or any similar means? ......
 
 
 
i
Other activities? If "Yes," describe in Part IV ..........................
 
 
 
j
Total. lines 1c through 1i ...................................
 
2a
Did the activities in line 1 cause the organization to be not described in section 501(c)(3)? .....
 
 
b
If "Yes," enter the amount of any tax incurred under section 4912 .................
 
c
If "Yes," enter the amount of any tax incurred by organization managers under section 4912 .....
 
d
If the filing organization incurred a section 4912 tax, did it file Form 4720 for this year? .......
 
 
Part III-A
Complete if the organization is exempt under section 501(c)(4), section 501(c)(5), or section 501(c)(6).
Yes
No
1
Were substantially all (90% or more) dues received nondeductible by members? ................
1
 
 
2
Did the organization make only in-house lobbying expenditures of $2,000 or less? ................
2
 
 
3
Did the organization agree to carryover lobbying and political expenditures from the prior year? ..........
3
 
 
Part III-B
Complete if the organization is exempt under section 501(c)(4), section 501(c)(5), or section 501(c)(6) if BOTH Part III-A, lines 1 and 2 are answered “No” OR if Part III-A, line 3 is answered “Yes”.
1
Dues, assessments and similar amounts from members .....................
1
 
2
Section 162(e) non-deductible lobbying and political expenditures (do not include amounts of political
expenses for which the section 527(f) tax was paid).
a
Current year .........................................
2a
 
b
Carryover from last year ....................................
2b
 
c
Total ...........................................
2c
 
3
Aggregate amount reported in section 6033(e)(1)(A) notices of nondeductible section 162(e) dues .
3
 
4
If notices were sent and the amount on line 2c exceeds the amount on line 3, what portion of the excess does the organization agree to carryover to the reasonable estimate of nondeductible lobbying and political expenditure next year? ................................
4
 
5
Taxable amount of lobbying and political expenditures (see instructions) ..............
5
 
Part IV
Supplemental Information
Complete this part to provide the descriptions required for Part l-A, line 1; Part l-B, line 4; Part l-C, line 5; and Part ll-B, line 1i.
Also, complete this part for any additional information.
Identifier Return Reference Explanation
Schedule C (Form 990 or 990EZ) 2010

Additional Data


Software ID:  
Software Version:  

SCHEDULE D
(Form 990)
Department of the Treasury
Internal Revenue Service
Supplemental Financial Statements
SchDMd Bullet Complete if the organization answered "Yes," to Form 990,
Part IV, line 6, 7, 8, 9, 10, 11, or 12.
SchDMd Bullet Attach to Form 990. SchDMd Bullet See separate instructions.
OMB No. 1545-0047
2010
Open to Public Inspection
Name of the organization
TEXAS GUARANTEED STUDENT LOAN CORP
 
Employer identification number

74-2094204
Part I
Organizations Maintaining Donor Advised Funds or Other Similar Funds or Accounts. Complete if the organization answered "Yes" to Form 990, Part IV, line 6.
(a) Donor advised funds (b) Funds and other accounts
1 Total number at end of year .......    
2 Aggregate contributions to (during year) ...    
3 Aggregate grants from (during year) ...    
4 Aggregate value at end of year .......    
5
Did the organization inform all donors and donor advisors in writing that the assets held in donor advised
funds are the organization's property, subject to the organization's exclusive legal control? ............
6
Did the organization inform all grantees, donors, and donor advisors in writing that grant funds may be
used only for charitable purposes and not for the benefit of the donor or donor advisor, or for any other purpose conferring impermissible private benefit. ...................................
Part II
Conservation Easements. Complete if the organization answered "Yes" to Form 990, Part IV, line 7.
1
Purpose(s) of conservation easements held by the organization (check all that apply).
2
Complete lines 2a–2d if the organization held a qualified conservation contribution in the form of a conservation easement on the last day of the tax year.
Held at the End of the Year
a Total number of conservation easements ....................... 2a  
b Total acreage restricted by conservation easements .................. 2b  
c Number of conservation easements on a certified historic structure included in (a) ..... 2c  
d Number of conservation easements included in (c) acquired after 8/17/06 ........ 2d  
3
Number of conservation easements modified, transferred, released, extinguished, or terminated by the organization during
the taxable year SchDMd Bullet  
4
Number of states where property subject to conservation easement is located SchDMd Bullet  
5
Does the organization have a written policy regarding the periodic monitoring, inspection, handling of violations, and
enforcement of the conservation easements it holds? .............................
6
Staff and volunteer hours devoted to monitoring, inspecting and enforcing conservation easements during the year SchDMd Bullet  
7
Amount of expenses incurred in monitoring, inspecting, and enforcing conservation easements during the year SchDMd Bullet $  
8
Does each conservation easement reported on line 2(d) above satisfy the requirements of section
170(h)(4)(B)(i) and 170(h)(4)(B)(ii)? ....................................
9
In Part XIV, describe how the organization reports conservation easements in its revenue and expense statement, and
balance sheet, and include, if applicable, the text of the footnote to the organization’s financial statements that describes
the organization’s accounting for conservation easements.
Part III
Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets.
Complete if the organization answered "Yes" to Form 990, Part IV, line 8.
1a
If the organization elected, as permitted under SFAS 116, not to report in its revenue statement and balance sheet works of
art, historical treasures, or other similar assets held for public exhibition, education or research in furtherance of public service,
provide, in Part XIV, the text of the footnote to its financial statements that describes these items.
b
If the organization elected, as permitted under SFAS 116, to report in its revenue statement and balance sheet works of art,
historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service,
provide the following amounts relating to these items:
(i)
Revenues included in Form 990, Part VIII, line 1 ........................SchDMd Bullet $  
(ii)
Assets included in Form 990, Part X ..............................SchDMd Bullet $  
2
If the organization received or held works of art, historical treasures, or other similar assets for financial gain, provide the
following amounts required to be reported under SFAS 116 relating to these items:
a
Revenues included in Form 990, Part VIII, line 1 ..........................SchDMd Bullet $  
b
Assets included in Form 990, Part X ...............................SchDMd Bullet $  
For Privacy Act and Paperwork Reduction Act Notice, see the Intructions for Form 990
Cat. No. 52283D
Schedule D (Form 990) 2010

Schedule D (Form 990) 2010
Page 2
Part III
Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets (continued)
3
Using the organization’s accession and other records, check any of the following that are a significant use of its collection
items (check all that apply):
a
d
b
e
 
c
4
Provide a description of the organization’s collections and explain how they further the organization’s exempt purpose in
Part XIV.
5
During the year, did the organization solicit or receive donations of art, historical treasures or other similar
assets to be sold to raise funds rather than to be maintained as part of the organization’s collection?........
Part IV
Escrow and Custodial Arrangements. Complete if the organization answered "Yes" to Form 990,
Part IV, line 9, or reported an amount on Form 990, Part X, line 21.
1a
Is the organization an agent, trustee, custodian or other intermediary for contributions or other assets not
included on Form 990, Part X? ....................................
b
If "Yes," explain the arrangement in Part XIV and complete the following table:
Amount
c Beginning balance ................................. 1c  
d Additions during the year .............................. 1d  
e Distributions during the year ............................. 1e  
f Ending balance ................................... 1f  
2a
Did the organization include an amount on Form 990, Part X, line 21? .....................
b
If “Yes,” explain the arrangement in Part XIV.
Part V
Endowment Funds. Complete if the organization answered "Yes" to Form 990, Part IV, line 10.
(a)Current Year (b)Prior Year (c)Two Years Back (d)Three Years Back (e)Four Years Back
1a Beginning of year balance ....      
b Contributions ........      
c Investment earnings or losses ...      
d Grants or scholarships .....      
e Other expenditures for facilities
and programs ........ 		     
f Administrative expenses ....      
g End of year balance ......      
2
Provide the estimated percentage of the year end balance held as:
a
Board designated or quasi-endowment: SchDMd Bullet  
b
Permanent endowment: SchDMd Bullet  
c
Term endowment: SchDMd Bullet  
3a
Are there endowment funds not in the possession of the organization that are held and administered for the
organization by:

Yes
No
(i) unrelated organizations ........................
3a(i)
 
 
(ii) related organizations ........................
3a(ii)
 
 
b
If "Yes" to 3a(ii), are the related organizations listed as required on Schedule R? .........
3b
 
 
4
Describe in Part XIV the intended uses of the organization's endowment funds.
Part VI
Investments—Land, Buildings, and Equipment. See Form 990, Part X, line 10.
Description of investment (a) Cost or other basis (investment) (b)Cost or other basis (other) (c) Accumulated depreciation (d) Book value
1a Land .................   3,315,000 3,315,000
b Buildings ................   34,112,640 6,315,317 27,797,323
c Leasehold improvements ............   2,605 2,605 0
d Equipment ................   14,035,641 11,167,904 2,867,737
e Other .................   19,755,415 10,397,155 9,358,260
Total. Add lines 1a-1e. (Column (d) should equal Form 990, Part X, column (B), line 10(c).)........SchDMdBullet 43,338,320
Schedule D (Form 990) 2010

Schedule D (Form 990) 2010
Page 3
Part VII
Investments—Other Securities. See Form 990, Part X, line 12.
(a) Description of security or category
(including name of security)		 (b)Book value (c) Method of valuation:
Cost or end-of-year market value
(1)Financial derivatives    
(2)Closely-held equity interests    
Other








Total. (Column (b) should equal Form 990, Part X, col.(B) line 12.)Small Bullet  
Part VIII
Investments—Program Related. See Form 990, Part X, line 13.
(a) Description of investment type (b) Book value (c) Method of valuation:
Cost or end-of-year market value








Total. (Column (b) should equal Form 990, Part X, col.(B) line 13.)Small Bullet  
Part IX
Other Assets. See Form 990, Part X, line 15.
(a) Description (b) Book value








Total. (Column (b) should equal Form 990, Part X, col.(B) line 15.)...........Small Bullet  
Part X
Other Liabilities. See Form 990, Part X, line 25.
1.(a) Description of Liability (b) Amount
Federal Income Taxes 0
ALLOWANCE FOR NON-REINSURED LOAN 220,780,000
DUE TO DEPARTMENT OF EDUCATION 50,080,001







Total. (Column (b) should equal Form 990, Part X, col.(B) line 25.)Small Bullet 270,860,001
2. Fin 48 (ASC 740) Footnote. In Part XIV, provide the text of the footnote to the organization's financial statements that reports the organization's liability for uncertain tax positions under FIN 48 (ASC740).
Schedule D (Form 990) 2010

Schedule D (Form 990) 2010
Page 4
Part XI Reconciliation of Change in Net Assets from Form 990 to Financial Statements
1 Total revenue (Form 990, Part VIII, column (A), line 12) .................... 1  
2 Total expenses (Form 990, Part IX, column (A), line 25) ..................... 2  
3 Excess or (deficit) for the year. Subtract line 2 from line 1 ............. 3  
4 Net unrealized gains (losses) on investments .......................... 4  
5 Donated services and use of facilities ............................. 5  
6 Investment expenses ................................... 6  
7 Prior period adjustments .................................. 7  
8 Other (Describe in Part XIV) ................................. 8  
9 Total adjustments (net). Add lines 4 - 8 ............................. 9  
10 Excess or (deficit) for the year per financial statements. Combine lines 3 and 9 ......... 10  
Part XII Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
1 Total revenue, gains, and other support per audited financial statements ....... 1  
2 Amounts included on line 1 but not on Form 990, Part VIII, line 12:
a Net unrealized gains on investments .......... 2a  
b Donated services and use of facilities ......... 2b  
c Recoveries of prior year grants ........... 2c  
d Other (Describe in Part XIV): ............ 2d  
e Add lines 2a through 2d ..................... 2e  
3 Subtract line 2e from line 1..................... 3  
4 Amounts included on Form 990, Part VIII, line 12, but not on line 1:
a Investment expenses not included on Form 990, Part VIII, line 7b . 4a  
b Other (Describe in Part XIV): ........... 4b  
c Add lines 4a and 4b....................... 4c  
5 Total Revenue. Add lines 3 and 4c. (This should equal Form 990, Part I, line 12.) ...... 5  
Part XIII Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
1 Total expenses and losses per audited financial statements ............. 1  
2 Amounts included on line 1 but not on Form 990, Part IX, line 25:
a Donated services and use of facilities .......... 2a  
b Prior year adjustments .............. 2b  
c Other losses ................ 2c  
d Other (Describe in Part XIV): ............ 2d  
e Add lines 2a through 2d...................... 2e  
3 Subtract line 2e from line 1..................... 3  
4 Amounts included on Form 990, Part IX, line 25, but not on line 1:
a Investment expenses not included on Form 990, Part VIII, line 7b .. 4a  
b Other (Describe in Part XIV): ............ 4b  
c Add lines 4a and 4b....................... 4c  
5 Total expenses. Add lines 3 and 4c. (This should equal Form 990, Part I, line 18.) ...... 5  
Part XIV
Supplemental Information
Complete this part to provide the descriptions required for Part II, lines 3, 5, and 9; Part III, lines 1a and 4; Part lV, lines 1b and 2b;
Part V, line 4; Part X; Part XI, line 8; Part XII, lines 2d and 4b; and Part XIII, lines 2d and 4b. Also complete this part to provide any additional information.
Identifier Return Reference Explanation
Schedule D (Form 990) 2010

Additional Data


Software ID:  
Software Version:  




Schedule I
(Form 990)
Department of the Treasury
Internal Revenue Service
Grants and Other Assistance to Organizations,
Governments and Individuals in the United States
Complete if the organization answered "Yes," to Form 990, Part IV, line 21 or 22.
lBullet Attach to Form 990
OMB No. 1545-0047
2010
Open to Public
Inspection
Name of the organization
TEXAS GUARANTEED STUDENT LOAN CORP
 
Employer identification number
74-2094204
Part I
General Information on Grants and Assistance
1
Does the organization maintain records to substantiate the amount of the grants or assistance, the grantees' eligibility for the grants or assistance, and
the selection criteria used to award the grants or assistance? ....................................
2
Describe in Part IV the organization's procedures for monitoring the use of grant funds in the United States.
Part II
Grants and Other Assistance to Governments and Organizations in the United States. Complete if the organization answered "Yes" to
Form 990, Part IV, line 21 for any recipient that received more than $5,000. Check this box if no one recipient received more than $5,000. Use
Part IV and Schedule I-1 (Form 990) if additional space is needed ......................... lBullet
(a) Name and address of organization
or government		 (b) EIN (c) IRC Code section
if applicable		 (d) Amount of cash grant (e) Amount of non-cash
assistance		 (f) Method of valuation
(book, FMV, appraisal,
other)		 (g) Description of
non-cash assistance		 (h) Purpose of grant
or assistance
(1) 10000 DEGREES (MARIN EDUCATION FUND)781 LINCOLN AVESTE 140
SAN RAFAEL,CA94960 		95-3667812 501(c)(3) 49,505       ORGANIZTNL. CAPACITY
(2) ABILENE INDEPENDENT SCHOOL DISTRICT1 AISD CTR 241 PINE ST
ABILENE,TX79601 		75-0000004 public school 51,572       SERVICES TO STUDENTS
(3) ADMISSION POSSIBLE450 N SYNDICATE ST 200
ST PAUL,MN55104 		41-1968798 501(c)(3) 147,225       ORGANIZTNL. CAPACITY
(4) AMARILLO INDEPENDENT SCHOOL DISTRICT3400 W 4TH ST
AMARILLO,TX79106 		75-6000036 public school 77,708       SERVICES TO STUDENTS
(5) ANN RICHARDS SCHOOL FOUNDATION2206 PRATHER LANE
AUSTIN,TX79704 		26-4231160 501(c)(3) 100,000       SERVICES TO STUDENTS
(6) ASSN OF AMERICAN COLLEGES & UNIVERSITIES1818 R ST NW
WASHINGTON,DC20009 		52-1945674 503(c)(3) 129,331       EDUCATIONAL RESEARCH
(7) BOARD OF TRUSTEES OF UNIVERSITY of ILLINOIS809 S MARSHFIELD AVE M/C 557 ROO
CHICAGO,IL60612 		37-6006007 501(c)(3) 170,000       SERVICES TO STUDENTS
(8) BOTTOM LINE500 AMORY ST STE 3
JAMAICA PLAIN,MA02130 		04-3351427 501(c)(3) 170,000       SERVICES TO STUDENTS
(9) CAPITAL IDEA504 LAVACA STE 1008
AUSTIN,TX78701 		74-2893041 501(c)(3) 170,000       SERVICES TO STUDENTS
(10) A MILLION STARS INC110 N JEFFERSON
ST LOUIS,MO63103 		20-4768985 501(c)(3) 170,000       SERVICES TO STUDENTS
(11) COLLEGE FORWARDPO BOX 142308
AUSTIN,TX78714 		43-2003552 501(C)(3) 80,500       SERVICES TO STUDENTS
(12) COLLEGE HORIZONS INCPO BOX 1262
PENA BLANCA,NM87041 		20-1730126 501(c)(3) 80,000       SERVICES TO STUDENTS
(13) COLLEGETRACKS5126 MANNING DRIVE
BETHESDA,MD20814 		20-4499806 501(c)(3) 150,000       SERVICES TO STUDENTS
(14) COMER SCIENCE & EDUCATION FOUNDATION7200 S INGLESIDE AVE
CHICAGO,IL60619 		36-4244783 501(c)(3) 100,000       SERVICES TO STUDENTS
(15) CON MI MADRE1925 SAN JACINTO BLVD RM 3116A
AUSTIN,TX78712 		74-1934031 501(c)(3) 170,000       SERVICES TO STUDENTS
(16) COUNCIL FOR OPPORTUNITY IN EDUCATION1025 VERMONT AVE NW STE 900
WASHINGTON,DC20005 		52-1221301 501(c)(3) 51,800       EDUCATIONAL RESEARCH
(17) CREATIVE KIDS504 SAN FRANCISCO ST
SL PASO,TX79901 		74-2910251 501(c)(3) 170,000       SERVICES TO STUDENTS
(18) CURATORS OF THE UNIVERSITY OF MISSOURI310 JESSE HALL
COLUMBIA,MO65211 		43-6003859 public school 39,210       SERVICES TO STUDENTS
(19) DEACONESS FOUNDATION211 N BROADWAY STE 1260
ST LOUIS,MO63102 		43-1295389 501(c)(3) 49,900       ORGANIZTNL. CAPACITY
(20) DENVER SCHOLARSHIP FOUNDATION303 E 17TH AVE STE 200
DENVER,CO80203 		20-5143175 501(c)(3) 200,800       SERVICES TO STUDENTS
(21) EDUCATION EQUALS ECONOMICS ALL5930 MIDDLE FISKVILLE RD
AUSTIN,TX78752 		64-0963235 501(c)(3) 143,489       ORGANIZTNL. CAPACITY
(22) EDUCATION IS FREEDOM FOUNDATION2711 N HASKELL AVE STE 2070 LB 18
DALLAS,TX75204 		04-3643313 501(c)(3) 70,000       SERVICES TO STUDENTS
(23) EDUCATIONAL POLICY INSTITUTE801 N QUINCY ST STE 700
ARLINGTON,VA22203 		83-0564426 501(c)(3) 18,110       EDUCATIONAL RESEARCH
(24) EL PASO COMMUNITY COLLEGE FOUNDATIONPO BOX 20500
EL PASO,TX79998 		74-2452971 public school 170,000       SERVICES TO STUDENTS
(25) FLORIDA STATE COLLEGE AT JACKSONVILLE501 W STATE STREET STE 203
JACKSONVILLE,FL32202 		23-7168438 PUBLIC SCHOOL 122,873       SERVICES TO STUDENTS
(26) FRANKLIN & MARSHALL COLLEGEPO BOX 3003
LANCASTER,PA17604 		23-1352635 PUBLIC SCHOOL 15,571       SERVICES TO STUDENTS
(27) FULFILLMENT FUND6100 WILSHIRE BLVD STE 600
LOS ANGELES,CA90048 		95-3180934 501(c)(3) 100,000       SERVICES TO STUDENTS
(28) HOUSING AUTHORITY OF THE CITY1124 S IH-35
AUSTIN,TX78704 		74-6000117 501(C)(3) 140,500       SERVICES TO STUDENTS
(29) I KNOW I CAN3798 E BROAD ST
COLUMBUS,OH43213 		31-1229135 501(c)(3) 189,630       SERVICES TO STUDENTS
(30) INSTITUTE FOR HIGHER EDUCATION1320 19TH ST NW STE 400
WASHINGTON,DC20036 		52-1818907 501(c)(3) 13,375       EDUCATIONAL RESEARCH
(31) INTERCULTURAL DEVELOPMENT RESEARCH ASSN5815 CALLAGHAN RD STE 101
SAN ANTONIO,TX78228 		74-1804539 501(c)(3) 120,521       ORGANIZTNL. CAPACITY
(32) LLANO GRANDE CTR FOR RESEARCHPO BOX 340
EDCOUCH,TX78538 		74-2977974 501(c)(3) 170,000       SERVICES TO STUDENTS
(33) MCALLEN INDEPENDENT SCHOOL DISTRICT2000 N 23RD ST
MC ALLEN,TX78501 		74-6001658 PUBLIC SCHOOL 170,000       SERVICES TO STUDENTS
(34) NATIONAL COLLEGE ACCESS NETWORK1001 CONNECTICUT AVE NW STE 632
WASHINGTON,DC20036 		31-1793562 501(c)(3) 247,480       SERVICES TO STUDENTS
(35) OREGON STUDENT ASSISTANCE COMMISSION1500 VALLEY RIVER DR STE 100
EUGENE,OR97401 		93-6015581 Public Agency 19,624       SERVICES TO STUDENTS
(36) OUR LADY OF THE LAKE UNIVERSITY411 SW 24TH ST
SAN ANTONIO,TX78207 		74-1109631 STATE COLLEGE 174,320       SERVICES TO STUDENTS
(37) POSSE FOUNDATION14 WALL ST STE 8A-60
NEW YORK,NY10005 		13-3840394 501(C)(3) 100,000       SERVICES TO STUDENTS
(38) SAN ANTONIO EDUCATION PARTNERS131 EL PASO ST
78204
SAN ANTONIO,TX78204 		74-2547643 501(C)(3) 170,000       SERVICES TO STUDENTS
(39) SCHOLARSHIP AMERICA1550 AMERICAN BLVD E
MINNEAPOLIS,MN55425 		04-2296967 501(C)(3) 5,840,838       STUDENT FIN. AID
(40) SUNNYSIDE UNIFIED SCHOOL DISTRICT2238 E GINTER RD
TUSCON,AZ85706 		86-6000792 PUBLIC SCHOOL 100,000       SERVICES TO STUDENTS
(41) TEXAS STATE UNIVERSITY601 UNIVERSITY DR
SAN MARCOS,TX78666 		74-1982979 STATE COLLEGE 90,067       SERVICES TO STUDENTS
(42) THE COLLEGE CRUSADE OF RHODE ISLAND134 THURBERS AVE
PROVIDENCE,RI02905 		22-3031765 501(C)(3) 18,360       SERVICES TO STUDENTS
(43) THE UNIVERSITY OF TEXAS AT AUSTINPO BOX 7458
AUSTIN,TX78713 		74-6000203 STATE COLLEGE 238,742       SERVICES TO STUDENTS
(44) THE UNIVERSITY OF TEXAS AT DALLAS800 W CAMPBELL RD MP13
RICHARDSON,TX75081 		75-1305566 STATE COLLEGE 170,000       SERVICES TO STUDENTS
(45) UNIV OF TEXAS MEDICAL BRANCH300 UNIVERSITY BLVD
GALVESTON,TX77555 		74-6000949 STATE COLLEGE 272,571       SERVICES TO STUDENTS
(46) UNIVERSITY OF FLORIDAPO BOX 14425
GAINSVILLE,FL32604 		59-6002052 STATE COLLEGE 79,499       EDUCATIONAL RESEARCH
(47) UNIVERSITY OF HOUSTON1 MAIN ST STE 990S
HOUSTON,TX77002 		74-6041411 STATE COLLEGE 170,000       SERVICES TO STUDENTS
(48) UNIVERSITY OF MICHIGAN610 E UNIVERSITY AVE SUITE 2339
ANN ARBOR,MI48109 		38-6006309 STATE COLLEGE 56,986       EDUCATIONAL RESEARCH
(49) UNIVERSITY OF NORTH CAROLINACHAPEL HILL JACKSON HALL CB 2200
CHAPEL HILL,NC27599 		56-6001393 STATE COLLEGE 100,000       ORGANIZTNL. CAPACITY
(50) UNIVERSITY OF NORTH TEXAS1155 UNION CIR 305250
DENTON,TX76203 		75-6002149 STATE COLLEGE 139,234       EDUCATIONAL RESEARCH
(51) UNIVERSITY OF SOUTHERN CALIFORNIA837 DOWNEY WAY RM 130
LOS ANGELES,CA90089 		95-1642394 STATE COLLEGE 103,281       EDUCATIONAL RESEARCH
(52) UNIVERSITY OF TEXAS - PAN AMERICAN1201 W UNIVERSITY DR
EDINBURG,TX78539 		74-6002942 STATE COLLEGE 170,000       SERVICES TO STUDENTS
(53) WYMAN CENTER600 KIWANIS DR
EUREKA,MO63025 		43-0653263 501(C)(3) 190,000       SERVICES TO STUDENTS
(54) COLLEGE FOR ALL TEXANS FOUNDATIONPO BOX 12788
AUSTIN,TX78711 		74-3017895 501(C)(3) 10,000,000       STUDENT FIN. AID
2
Enter total number of section 501(c)(3) and government organizations ......................... Bullet Image
54
3
Enter total number of other organizations ................................ . Bullet Image
 
For Privacy Act and Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50055P
Schedule I (Form 990) 2010

Schedule I (Form 990) 2010
Page 2
Part III
Grants and Other Assistance to Individuals in the United States. Complete if the organization answered "Yes" to Form 990, Part IV, line 22.
Use Schedule I-1 (Form 990) if additional space is needed.
(a)Type of grant or assistance (b)Number of
recipients		 (c)Amount of
cash grant		 (d)Amount of
non-cash assistance		 (e)Method of valuation (book,
FMV, appraisal, other)		 (f)Description of non-cash assistance













Part IV
Supplemental Information. Complete this part to provide the information required in Part I, line 2, and any other additional information.
Identifier Return Reference Explanation
PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS FORM 990, SCHEDULE I, PART I, LINE 2 ONCE APPROVED FOR FUNDING, EACH GRANTEE MUST REVIEW AND EXECUTE A GRANT AGREEMENT DOCUMENT WITH TG. IN THIS DOCUMENT, THE EXPECTATIONS ARE OUTLINED FOR THE GRANTEES AND THEIR RESPECTIVE PROJECTS, INCLUDING THE REPORTING REQUIREMENTS FOR THE MIDPOINT (PROGRESS) REPORT AND THE FINAL REPORT. EACH OF THE PROJECT DELIVERABLES IS IDENTIFIED IN THE GRANT AGREEMENT DOCUMENT. GRANTEES ARE INSTRUCTED TO PROVIDE A PROGRESS REPORT ON EACH OF THE ITEMS LISTED AND TO PROVIDE A REPORT OF EXPENDITURES TO-DATE COMPARED TO THE ORIGINAL BUDGET SUBMITTED WITH THE APPLICATION. GRANTEES THEN PROVIDE A FINAL ACCOUNT ON THE DELIVERABLES AND BUDGET AT THE CONCLUSION OF THE GRANT PERIOD. GRANT MANAGEMENT STAFF REVIEWS EACH MIDPOINT REPORT TO DETERMINE IF THE GRANT PROJECTS ARE PROGRESSING AS ANTICIPATED. SPECIFICALLY, STAFF LOOKS TO SEE IF ANY OF THE FOLLOWING CONDITIONS EXIST: A) BUDGET LINE ITEMS THAT SEEM TO BE FALLING SHORT OF ANTICIPATED COSTS B) ANY CHANGES IN KEY PERSONNEL ASSOCIATED WITH THE PROJECT C) ANY OBSTACLES IDENTIFIED BY THE GRANTEE AS IMPEDING PROGESS TOWARD GOALS D) ANY REQUESTS FROM THE GRANTEE TO ADJUST THE BUDGET, DELIVERABLES OR PROGRAM ACTIVITIES. IF THERE ARE SIGNIFICANT ISSUES NOTED IN THE PROGRESS REPORT, STAFF WILL FOLLOW UP WITH THE GRANTEE BY PHONE OR WILL SCHEDULE A SITE VISIT TO DETERMINE THE BEST COURSE OF ACTION TO ADDRESS ANY CONCERNS. IF THERE ARE NO SIGNIFICANT ISSUES NOTED, STAFF ACKNOWLEDGES THE RECEIPT OF THE REPORT AND SCHEDULES THE SECOND DISBURSEMENT OF THE FUNDING (IF APPLICABLE). AT THE TERMINATION OF THE GRANT PERIOD, STAFF REVIEWS THE FINAL REPORT ON EACH PROJECT AND COMPLETES A CLOSE OUT REPORT. THIS REPORT SUMMARIZES THE FOLLOWING: A) PROJECT OBJECTIVES AND THE DEGREE TO WHICH THEY WERE ACHIEVED B) OBSERVATIONS ABOUT THE PROJECT'S SUCCESS OR LACK THEREOF C) FINANCIAL STATUS OF THE PROJECT THE CLOSE OUT REPORT ALSO PROVIDES AN OPPORTUNITY FOR GRANT MANAGEMENT STAFF TO ASSIGN A LETTER GRADE TO THE PROJECT AND INDICATE WHETHER THE GRANTEE IS A GOOD CANDIDATE FOR FUTHER FUNDING. IF THERE ARE ANY REMAINING FUNDS AT THE END OF THE GRANT PERIOD, GRANT MANAGEMENT STAFF WORKS WITH THE GRANTEE TO ENSURE THE RETURN OF THESE FUNDS TO TG.
UNEXPENDED GRANT FUNDS FORM 990, SCHEDULE I, PART IV GRANT REFUNDS - UNEXPENDED GRANT FUNDS AWARDED IN PREVIOUS YEARS RETURNED ARE REPORTED AS FOLLOWS: FRANKLIN & MARSHALL COLLEGE $84 McLennan Community College $29,389 Aims Community College $1,684 College Forward $51,459 Georgia Foundation for Independent Colleges $11,577 University of Utah $33 Newark City Schools $3,553 UNIVERSITY OF TEXAS AT SAN ANTONIO $5,818 University of the Incarnate Word $10,352 Tarleton State University $34,831 Scholarship America $111,636 Kent State University $736 NATIONAL COLLEGE ACCESS NETWOR $21,933
ADDITIONAL INFORMATION FORM 990, SCHEDULE I, PART IV TG AWARDED COMPETITIVE GRANTS THROUGH ITS PUBLIC BENEFITS GRANT PROGRAM FOR THE 6TH CONSECUTIVE YEAR. FOR THE FISCAL YEAR 2011, TG AWARDED APPROXIMATELY $22 MILLION IN GRANTS TO ORGANIZATIONS TO ADVANCE COLLEGE ACCESS, STUDENT RETENTION AND EDUCATIONAL RESEARCH, INCLUDING NEARLY $5.9 MILLION IN GRANTS THROUGH ITS CHARLEY WOOTAN SCHOLARSHIP PROGRAM (SCHOLARSHIP AMERICA).
Schedule I (Form 990) 2010


Additional Data


Software ID:  
Software Version:  


Schedule J
(Form 990)
Department of the Treasury
Internal Revenue Service
Compensation Information
For certain Officers, Directors, Trustees, Key Employees, and Highest
Compensated Employees
SchJMediumBullet Complete if the organization answered "Yes" to Form 990,
Part IV, question 23.
SchJMediumBullet Attach to Form 990. SchJMediumBullet See separate instructions.
OMB No. 1545-0047
2010
Open to Public Inspection
Name of the organization
TEXAS GUARANTEED STUDENT LOAN CORP
 
Employer identification number

74-2094204
Part I
Questions Regarding Compensation
Yes
No
1a
Check the appropiate box(es) if the organization provided any of the following to or for a person listed in Form
990, Part VII, Section A, line 1a. Complete Part III to provide any relevant information regarding these items.
b
If any of the boxes in line 1a are checked, did the organization follow a written policy regarding payment or reimbursement orprovision of all the expenses described above? If "No," complete Part III to explain....
1b
 
 
2
Did the organization require substantiation prior to reimbursing or allowing expenses incurred by all
officers, directors, trustees, and the CEO/Executive Director, regarding the items checked in line 1a? ....
2
 
 
3
Indicate which, if any, of the following the organization uses to establish the compensation of the
organization's CEO/Executive Director. Check all that apply.
4
During the year, did any person listed in Form 990, Part VII, Section A, line 1a with respect to the filing organization or a related organization:
a
Receive a severance payment or change-of-control payment? ...............
4a
Yes
 
b
Participate in, or receive payment from, a supplemental nonqualified retirement plan? ........
4b
 
No
c
Participate in, or receive payment from, an equity-based compensation arrangement? ........
4c
 
No
If "Yes" to any of lines 4a-c, list the persons and provide the applicable amounts for each item in Part III.
Only 501(c)(3) and 501(c)(4) organizations only must complete lines 5-9.
5
For persons listed in form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the revenues of:
a
The organization? ...........................
5a
 
No
b
Any related organization? .........................
5b
 
No
If "Yes," to line 5a or 5b, describe in Part III.
6
For persons listed in form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the net earnings of:
a
The organization? ...........................
6a
Yes
 
b
Any related organization? .........................
6b
 
No
If "Yes," to line 6a or 6b, describe in Part III.
7
For persons listed in Form 990, Part VII, Section A, line 1a, did the organization provide any non-fixed
payments not described in lines 5 and 6? If "Yes," describe in Part III ............
7
 
No
8
Were any amounts reported in Form 990, Part VII, paid or accured pursuant to a contract that was
subject to the initial contract exception described in Regs. section 53.4958-4(a)(3)? If "Yes," describe
in Part III .............................
8
 
No
9
If "Yes" to line 8, did the organization also follow the rebuttable presumption procedure described in Regulations section 53.4958-6(c)? .........................
9
 
 
For Privacy Act and Paperwork Reduction Act Notice, see the Intructions for Form 990
Cat. No. 50053T
Schedule J (Form 990) 2010

Schedule J (Form 990) 2010
Page 2
Part II
Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees. Use Schedule J-1 if additional space needed.
For each individual whose compensation must be reported in Schedule J, report compensation from the organization on row (i) and from related organizations, described in the
instructions on row (ii). Do not list any individuals that are not listed on Form 990, Part VII.

Note. The sum of columns (B)(i)-(iii) must equal the applicable column (D) or column (E) amounts on Form 990, Part VII, line 1a.
(A) Name (B) Breakdown of W-2 and/or 1099-MISC compensation (C) Retirement and other deferred compensation (D) Nontaxable
benefits		 (E) Total of columns
(B)(i)-(D) 		(F) Compensation
reported in prior
Form 990 or
Form 990-EZ
(i) Base compensation (ii) Bonus & incentive compensation (iii) Other reportable compensation
(1) SUE C MCMILLIN (i)
(ii)		 263,192
0 		88,521
0 		12,114
0 		22,050
0 		5,773
0 		391,650
0 		26,267
0
(2) JAMES PATTERSON (i)
(ii)		 194,046
0 		56,980
0 		414
0 		17,648
0 		22,277
0 		291,365
0 		14,688
0
(3) LLOYD DODGE (i)
(ii)		 190,369
0 		51,464
0 		414
0 		16,904
0 		5,761
0 		264,912
0 		14,688
0
(4) DEANNE VARNER (i)
(ii)		 191,461
0 		56,164
0 		774
0 		16,967
0 		8,756
0 		274,122
0 		13,872
0
(5) KIM M ALEXANDER (i)
(ii)		 154,743
0 		27,902
0 		414
0 		14,029
0 		12,702
0 		209,790
0 		7,265
0
(6) PHILIP E FLORA (i)
(ii)		 101,055
0 		27,902
0 		16,859
0 		12,091
0 		6,484
0 		164,391
0 		7,265
0
(7) JOHN R ZANOT (i)
(ii)		 130,647
0 		25,480
0 		270
0 		12,144
0 		21,638
0 		190,179
0 		4,843
0
(8) RINN D HARPER (i)
(ii)		 127,553
0 		27,902
0 		270
0 		11,810
0 		16,629
0 		184,164
0 		7,265
0
(9) CAROL N LINDSEY (i)
(ii)		 126,255
0 		24,128
0 		270
0 		11,421
0 		12,315
0 		174,389
0 		6,183
0
(10) PHILLIP E CERVIN (i)
(ii)		 127,304
0 		26,820
0 		414
0 		11,343
0 		19,509
0 		185,390
0 		6,183
0
(11) CALVIN H ABBOTT (i)
(ii)		 134,739
0 		22,067
0 		1,188
0 		12,219
0 		14,644
0 		184,857
0 		4,122
0
(12) JAMES E ZIMMERMAN (i)
(ii)		 122,767
0 		24,128
0 		270
0 		11,271
0 		18,661
0 		177,097
0 		6,183
0
(13) MARY O NEGRETE (i)
(ii)		 127,643
0 		24,128
0 		774
0 		11,299
0 		8,299
0 		172,143
0 		6,183
0
(14) PAUL B DIAZ (i)
(ii)		 127,345
0 		24,128
0 		774
0 		11,303
0 		7,301
0 		170,851
0 		6,183
0
(15) MARK J ZARSKY (i)
(ii)		 128,368
0 		24,128
0 		270
0 		11,327
0 		12,419
0 		176,512
0 		6,183
0
(16) JACOB FRAIRE (i)
(ii)		 111,022
0 		23,218
0 		270
0 		9,776
0 		19,546
0 		163,832
0 		5,273
0
(17) WILLIAM LOVEALL (i)
(ii)		 122,443
0 		17,070
0 		414
0 		10,910
0 		10,415
0 		161,252
0 		1,465
0
(18) ANGEL CRUZ (i)
(ii)		 117,836
0 		16,923
0 		414
0 		10,013
0 		19,704
0 		164,890
0 		1,318
0
(19) KARA THOMPSON (i)
(ii)		 108,414
0 		20,878
0 		270
0 		9,622
0 		12,344
0 		151,528
0 		5,273
0
(20) BONNIE BRINKLEY (i)
(ii)		 77,196
0 		19,304
0 		58,335
0 		8,329
0 		10,348
0 		173,512
0 		3,662
0
Schedule J (Form 990) 2010

Schedule J (Form 990) 2010
Page 3
Part III
Supplemental Information
Complete this part to provide the information, explanation, or descriptions required for Part I, lines 1a, 1b, 4c, 5a, 5b, 6a, 6b, 7, and 8. Also complete this part for any additional information.
Identifier Return Reference Explanation
FORM 990, SCHEDULE J, PART I: QUESTIONS REGARDING COMPENSATION   PART I, LINE 4A: TG MADE A SEVERANCE PAYMENT IN THE AMOUNT OF $53,391 TO BONNIE BRINKLEY DURING FISCAL YEAR 2011. PART I, LINE 6A: TG'S BOARD OF DIRECTORS' APPROVED CORPORATE PERFORMANCE AWARD PROGRAM COMPENSATES ELIGIBLE EMPLOYEES BASED UPON PREDETERMINED FORMULAS. THE BOARD APPROVES THE TOTAL AWARD POOL FORMULA BEFORE THE BEGINNING OF THE FISCAL YEAR BASED ON THE ORGANIZATION ACHIEVING ITS CORPORATE GOALS, ONLY ONE OF WHICH IS NET EARNINGS. THE TOTAL AWARD POOL IS APPORTIONED TO EACH CORPORATE GOAL. THE PAYOUT RESULTING FROM ACHIEVING AT LEAST 85% OF EACH GOAL MAY INCREASE DEPENDING ON THE EXTENT TO WHICH THE GOAL IS EXCEEDED; HOWEVER, THE INCREASE IS CAPPED WHEN 120% OF GOAL IS ACHIEVED. ELIGIBLE EMPLOYEES INCLUDE ALL REGULAR EMPLOYEES WORKING A MINIMUM OF 20 HOURS PER WEEK, EMPLOYED AT THE END OF THE FISCAL YEAR, NOT PARTICIPATING IN ANOTHER DEPARTMENTAL INCENTIVE PLAN, AND MEETING MINIMUM PERFORMANCE STANDARDS. EACH EMPLOYEE'S PAYOUT IS BASED ON A FORMULA WHICH TAKES THE SALARY MIDPOINT FOR THAT INDIVIDUAL'S PAY GRADE INTO ACCOUNT. EVERYONE AT A PARTICULAR PAY GRADE WILL GET THE SAME AWARD AS LONG AS THEY ARE ELIGIBLE TO RECEIVE THE AWARD.
Schedule J (Form 990) 2010

Additional Data


Software ID:  
Software Version:  
SCHEDULE O
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service
Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or to provide any additional information.
MediumBullet Attach to Form 990 or 990-EZ.
OMB No. 1545-0047
2010
Open to Public
Inspection
Name of the organization
TEXAS GUARANTEED STUDENT LOAN CORP
 
Employer identification number

74-2094204
Identifier Return Reference Explanation
GENERAL STATEMENT 1 FORM 990, PART III, MISSION STATEMENT "TO BE THE PREMIER SOURCE OF INFORMATION, FINANCING AND ASSISTANCE TO HELP ALL FAMILIES AND STUDENTS REALIZE THEIR EDUCATION AND CAREER DREAMS." TEXAS GUARANTEED STUDENT LOAN CORP (TG) ADMINISTERS THE FEDERAL FAMILY LOAN PROGRAM (FFELP).
GENERAL STATEMENT 2 FORM 990, PART III, LINE 4A, 4B, 4C, & 4D, DESCRIPTION OF PROGRAM SERVICES FORM 990, PART III, LINE 4A: CUSTOMER SERVICE - TG PROVIDES SERVICES TO ASSIST STUDENTS AND FAMILIES AT ALL STAGES IN THE HIGHER EDUCATION EXPERIENCE. TG DELIVERS SOLUTIONS TO THOSE WHO ARE CONSIDERING THE HIGHER EDUCATION PATH, ATTENDING COLLEGE AND MANAGING LOAN REPAYMENT. TG STRIVES TO CONNECT STUDENTS WITH SUCCESS AT EVERY TURN. TO ACCOMPLISH THIS, TG HAS PARTNERED WITH STATE AGENCIES TO PROMOTE THE VALUE OF HIGHER EDUCATION AND TO INFORM STUDENTS AND FAMILIES ON AVAILABLE FINANCIAL AID OPTIONS. TG IS AN ACTIVE PLAYER IN THE HIGHER EDUCATION COMMUNITY'S EFFORTS TO CLOSE THE GAPS IN STUDENT AWARENESS, PARTICIPATION AND SUCCESS. EACH YEAR, TG PROVIDES ASSISTANCE UNDER THE CHARLEY WOOTAN GRANT PROGRAM TO STUDENTS WHO HAVE DIFFICULTY PURSUING THEIR HIGHER EDUCATION DREAMS BECAUSE OF FINANCIAL NEED. IN ADDITION TO THE NEARLY $5.9 MILLION AWARDED IN WOOTAN GRANTS, TG AWARDED $6.4 MILLION IN COMPETITIVE GRANTS TO 49 INSTITUTIONS AND NON-PROFITS TO ADVANCE ACCESS TO COLLEGE, STUDENT RETENTION, AND EDUCATIONAL RESEARCH. PURSUANT TO GRANT AGREEMENTS, AWARDS MAY BE DISBURSED ACROSS FISCAL YEARS. IN ADDITION, TG CONTRIBUTED $10 MILLION IN FISCAL YEAR 2011 FOR THE PURPOSE OF SUPPORTING THE TEXAS GRANT PROGRAM TO ASSIST IN MEETING QUALIFIED TEXAS STUDENTS' FINANCIAL NEEDS. TG ALSO ASSISTS SCHOOLS, LENDERS AND SERVICERS IN MANAGING THEIR FFELP PORTFOLIOS BY SHARING ITS KNOWLEDGE AND EXPERTISE IN POLICY AND PROGRAM COMPLIANCE AS WELL AS ASSISTING IN THE TRANSITION TO THE DIRECT LOAN PROGRAM BY DEVELOPING INDUSTRY-LEADING TRAINING AND TRANSITION SUPPORT MATERIALS. FORM 990, PART III, LINE 4B: COLLECTIONS - UPON DEFAULT CLAIM PAYMENT, TG IS STATUTORILY REQUIRED TO PURSUE COLLECTION EFFORTS ON BEHALF OF THE FEDERAL GOVERNMENT ON ALL TG-GUARANTEED STUDENT LOANS. TG WORKS WITH BORROWERS TO FIND THE BEST OPTION FOR THEM IN RESOLVING THEIR DEFAULT. OF PARTICULAR SUCCESS IS THE REHABILITATION PROGRAM IN WHICH BORROWERS HAVE THE OPPORTUNITY TO RESTORE THEIR CREDIT BY MAKING NINE RECURRING, SCHEDULED MONTHLY PAYMENTS ON THEIR STUDENT LOAN. WITH THE ASSISTANCE OF TG'S COLLECTIONS DIVISION, TG FACILITATED THE REHABILITATION OF OVER $202 MILLION IN DEFAULTED STUDENT LOANS IN FY11. TG RECOVERED APPROXIMATELY $630 MILLION ON DEFAULTED STUDENT LOANS. FORM 990, PART III, LINE 4C: DEFAULT PREVENTION - TG WORKS WITH STUDENT LOAN BORROWERS, LENDERS, SERVICERS, AND SCHOOLS TO HELP PREVENT DEFAULT THROUGHOUT THE STUDENT LOAN INDUSTRY. CONSISTING OF DEFAULT PREVENTION COUNSELORS AND OTHER SUPPORT STAFF, TG WORKS TO HELP BORROWERS RESOLVE LOANS THAT HAVE ENTERED DELINQUENCY, AND; HELPS HIGHER EDUCATION INSTITUTIONS MANAGE DEFAULT, A CONSIDERATION FOR MAINTAINING ELIGIBILITY TO PARTICIPATE IN FEDERAL STUDENT LOAN PROGRAMS. IN FY 11, TG AVERTED OVER $5 BILLION IN POTENTIAL STUDENT LOAN DEFAULTS - A RECORD AMOUNT. TG'S DEFAULT AVERSION CONSULTANTS PROVIDED TRAINING AND CONSULTING TO OVER 750 CAMPUS ADMINISTRATORS, AND PRESENTED DIRECT STUDENT-FACING SESSIONS TO CUMULATIVE AUDIENCES OF OVER 1000 STUDENTS. FORM 990, PART III, LINE 4D: CLAIMS - TG PROCESSES DEFAULT CLAIMS SUBMITTED BY LENDERS THAT HAVE BEEN UNSUCCESSFUL IN TRANSITIONING BORROWERS WITH DELINQUENT LOANS BACK INTO REPAYMENT. WHEN LENDERS MAKE CLAIMS ON TG-GUARANTEED LOANS, TG VERIFIES THE LENDER'S COMPLIANCE WITH FFEL PROGRAM REQUIREMENTS, AND, IF VALID, MANAGES THE PURCHASE OF THE LOAN FROM THE LENDER. IT IS AT THAT TIME THAT THE LOAN ENTERS TG'S PORTFOLIO FOR COLLECTION. IN FY11, TG PROCESSED CLAIMS TOTALING APPROXIMATELY $948 MILLION. LOAN GUARANTEE, SUPPORT AND REPORTING - TG MANAGES AND DELIVERS LOAN DATA TO INDUSTRY PARTICIPANTS, INCLUDING LENDERS AND SERVICERS, TO MEET FEDERAL REPORTING REQUIREMENTS; AND PROVIDES SUPPORT AND TRAINING ON TG'S WEB-BASED LOAN MANAGEMENT SOLUTIONS FOR PROGRAM PARTICIPANTS.
GOVERNING BODY AND MANAGEMENT FORM 990, PART VI, SECTION A: LINE 4, SIGNIFICANT CHANGES TO ORGANIZATIONAL DOCUMENTS: TG WAS ESTABLISHED BY THE TEXAS LEGISLATURE. TG HAS NO ARTICLES OF INCORPORATION; THE ENABLING STATUTE SERVES AS THE GOVERNING DOCUMENT. TG'S ENABLING STATUTE WAS AMENDED BY SB 1, 82ND LEGISLATURE, 1ST CALLED SESSION, EFFECTIVE SEPTEMBER 1, 2011, TO REDUCE THE NUMBER OF BOARD MEMBERS FROM 11 TO 9 AND TO MAKE THE BOARD CHAIRMAN A POSITION APPOINTED BY THE GOVERNOR RATHER THAN SELECTED BY THE BOARD. TG'S BYLAWS ARE CURRENTLY BEING AMENDED TO REFLECT THE CHANGE. LINE 7A, ELECTION OF MEMBERS OF THE GOVERNING BODY: THE BOARD OF DIRECTORS IS APPOINTED BY THE GOVERNOR OF THE STATE OF TEXAS AND APPROVED BY THE STATE OF TEXAS SENATE.
PROCESS OF REVIEWING THE 990 FORM 990, PART VI, SECTION B, LINE 11A: TG'S ACCOUNTING DEPARTMENT WORKS WITH ITS CPA FIRM TO PREPARE THE 990. ONCE A FINAL DRAFT IS AVAILABLE, IT IS SUBMITTED TO EXECUTIVE MANAGEMENT (INCLUDING THE CFO) FOR REVIEW. ONCE ALL QUESTIONS HAVE BEEN RESOLVED, THE RETURN, IN ITS FINAL FORM, IS PRESENTED TO THE TG BOARD OF DIRECTORS; AT WHICH TIME MANAGEMENT WILL HIGHLIGHT SIGNIFICANT SECTIONS OF THE RETURN AND ANSWER ANY QUESTIONS THAT MAY ARISE.
ENFORCEMENT OF CONFLICT OF INTERST POLICY FORM 990, PART VI, SECTION B, LINE 12C: TG'S CODE OF BUSINESS CONDUCT IS A POLICY WHICH ALL EMPLOYEES, OFFICERS AND DIRECTORS MUST AGREE TO. WITHIN THE CODE OF BUSINESS CONDUCT, MANAGERS, KEY EMPLOYEES, OFFICERS AND DIRECTORS ARE REQUIRED TO DISCLOSE ANY BUSINESS INTERESTS OUTSIDE OF TG, AND REAFFIRM EACH YEAR. TG'S LEGAL COUNSEL PROACTIVELY REVIEWS AND ACTS ON POTENTIAL CONFLICTS. ACTUAL CONFLICTS, SHOULD THEY OCCUR, MAY RESULT IN DISCIPLINARY ACTION, UP TO AND INCLUDING TERMINATION AND POSSIBLE CRIMINAL PROSECUTION. TG TEAM MEMBERS ARE REQUIRED TO COMPLETE PERIODIC TRAINING AS IT RELATES TO TG'S CODE OF BUSINESS CONDUCT.
COMPENSATION DETERMINATION PROCESS FORM 990, PART VI, SECTION B, LINE 15A & 15B PART VI, LINE 15A: TEXAS GUARANTEED STUDENT LOAN CORP (TG) CONTRACTS WITH A THIRD PARTY CONSULTANT TO PROVIDE BENCHMARK DATA FOR TG EMPLOYEES AND OFFICERS, INCLUDING ANNUAL COMPENSATION STUDIES WHICH ARE PRESENTED TO THE TG BOARD OF DIRECTORS FOR THEIR REVIEW. THE THIRD PARTY COMPENSATION CONSULTANTS USE COMPENSATION DATA FOR SIMILARLY QUALIFIED PERSONS IN COMPARABLE POSITIONS FOR BOTH OFFICERS AND KEY EMPLOYEES AT SIMILAR ORGANIZATIONS. DOCUMENTATION TO SUPPORT BENCHMARK DECISIONS REGARDING COMPENSATION ARRANGEMENTS FOR ALL EMPLOYEES IS RETAINED. THE OFFICER AND EMPLOYEE POSITIONS FOR WHICH THE BENCHMARKING PROCESS IS USED TO ESTABLISH COMPENSATION OCCURS ANNUALLY. PART VI, LINE 15B: COMPENSATION PROCESS FOR OFFICERS TG FOLLOWS THE SAME PROCEDURE AS LISTED IN FORM 990, PART VI, SECTION B, LINE 15A.
DISCLOSURE OF DOCUMENTS Form 990, Part VI, Section C, line 18: TG'S CODE OF BUSINESS CONDUCT, AS WELL AS ITS ANNUAL REPORT, IS AVAILABLE TO ALL EMPLOYEES AND THE GENERAL PUBLIC VIA TG'S WEBSITE, WWW.TGSLC.ORG, OR UPON REQUEST.
GENERAL STATEMENT 3 FORM 990, PART VII, SECTION B: INDEPENDENT CONTRACTORS NAME AND ADDRESS DESCRIPTION OF SERVICES COMPENSATION -------------------------------------------------------------------- ACCOUNT CONTROL TECH. DEBT COLLECTOR 2,940,906. 6918 OWENSMOUTH AVE. CANOGA PARK, CA 91309 GENERAL REVENUE CORP DEBT COLLECTOR 2,321,040. 11501 NORTHLAKE PL CINCINNATI, OH 45249 REGIONAL ADJUSTMENT BUREAU DEBT COLLECTOR 1,829,195. 3009 Davis Plantation Arlington, TN 38002 Education Assistance SVCS DEBT COLLECTOR 2,519,936. 3500 C Wadley PL STE 301 Austin, TX 78728 C&T CONSULTING IT PROGRAMMING 1,510,481. 8140 N MOPAC AUSTIN, TX 78759 ---------------- TOTAL COMPENSATION 11,121,558. ----------------
GENERAL STATEMENT 4 FORM 990, PART XI, LINE 5 OTHER CHANGES IN NET ASSETS OR FUND BALANCES DURING THE YEAR. UNREALIZED GAIN ON INVESTMENTS $6,741,944
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 51056K
Schedule O (Form 990 or 990-EZ) 2010

Additional Data


Software ID:  
Software Version:  
SCHEDULE R
(Form 990)
Department of the Treasury
Internal Revenue Service
Related Organizations and Unrelated Partnerships
MediumBulletComplete if the organization answered "Yes" to Form 990, Part IV, line 33, 34, 35, 36, or 37.
MediumBulletAttach to Form 990. MediumBullet See separate instructions.

OMB No. 1545-0047
2010
Open to Public Inspection
Name of the organization
TEXAS GUARANTEED STUDENT LOAN CORP
 
Employer identification number

74-2094204
Part I
Identification of Disregarded Entities (Complete if the organization answered "Yes" on Form 990, Part IV, line 33.)
(a)
Name, address, and EIN of disregarded entity


(b)
Primary activity


 		(c)
Legal domicile (state
or foreign country)

 		(d)
Total income
(e)
End-of-year assets


 		(f)
Direct controlling
entity

















Part II
Identification of Related Tax-Exempt Organizations (Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related tax-exempt organizations during the tax year.)
(a)
Name, address, and EIN of related organization


(b)
Primary activity


 		(c)
Legal domicile (state
or foreign country)

 		(d)
Exempt Code section
(e)
Public charity status
(if section 501(c)(3))

 		(f)
Direct controlling
entity

 		(g)
Section 512(b)(13) controlled organization
Yes No












For Privacy Act and Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50135Y
Schedule R (Form 990) 2010
Schedule R (Form 990) 2010
Page 2
Part III
Identification of Related Organizations Taxable as a Partnership (Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related organizations treated as a partnership during the tax year.)
(a)
Name, address, and EIN of
related organization



 		(b)
Primary activity




 		(c)
Legal
domicile
(state or foreign
country)


 		(d)
Direct controlling
entity



 		(e)
Predominant income(related, unrelated, excluded from tax under sections 512-514)

(f)
Share of total income




 		(g)
Share of end-of-year
assets



 		(h)
Disproprtionate allocations?




 		(i)
Code V—UBI
amount in box 20 of
Schedule K-1
(Form 1065)
 		(j)
General or
managing
partner?



 		(k)
Percentage
ownership
Yes No Yes No












Part IV
Identification of Related Organizations Taxable as a Corporation or Trust (Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related organizations treated as a corporation or trust during the tax year.)
(a)
Name, address, and EIN of related organization



 		(b)
Primary activity



 		(c)
Legal domicile
(state or
foreign
country)
 		(d)
Direct controlling
entity


 		(e)
Type of entity
(C corp, S corp,
or trust)

 		(f)
Share of total income



 		(g)
Share of
end-of-year
assets

 		(h)
Percentage
ownership
(1) EDUCATION ASSISTANCE SERVICES INC
PO BOX 6714
ROUND ROCK,TX78683
74-2748786 		COLLECTION AG TX  
C 2,485,699 522,417 100.000 %












Schedule R (Form 990) 2010
Schedule R (Form 990) 2010
Page 3
Part V
Transactions With Related Organizations (Complete if the organization answered "Yes" on Form 990, Part IV, line 34, 35, 35A, or 36.)
Note. Complete line 1 if any entity is listed in Parts II, III or IV.
Yes
No
1 During the tax year, did the orgranization engage in any of the following transactions with one or more related organizations listed in Parts II-IV?
a Receipt of (i) interest (ii) annuities (iii) royalties (iv) rent from a controlled entity . . . . . . . . . . . . . . . . . . . . . . .
1a
Yes
 
b Gift, grant, or capital contribution to other organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1b
 
No
c Gift, grant, or capital contribution from other organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1c
Yes
 
d Loans or loan guarantees to or for other organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1d
 
No
e Loans or loan guarantees by other organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1e
 
No
f Sale of assets to other organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1f
Yes
 
g Purchase of assets from other organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1g
 
No
h Exchange of assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1h
 
No
i Lease of facilities, equipment, or other assets to other organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1i
Yes
 
j Lease of facilities, equipment, or other assets from other organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . .
1j
 
No
k Performance of services or membership or fundraising solicitations for other organization(s) . . . . . . . . . . . . . . . . . . . . . .
1k
Yes
 
l Performance of services or membership or fundraising solicitations by other organization(s) . . . . . . . . . . . . . . . . . . . . . .
1l
Yes
 
m Sharing of facilities, equipment, mailing lists, or other assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1m
 
No
n Sharing of paid employees . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1n
Yes
 
o Reimbursement paid to other organization for expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1o
 
No
p Reimbursement paid by other organization for expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1p
 
No
q Other transfer of cash or property to other organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1q
 
No
r Other transfer of cash or property from other organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1r
 
No
2
If the answer to any of the above is "Yes," see the instructions for information on who must complete this line, including covered relationships and transaction thresholds.
(a)
Name of other organization 		(b)
Transaction
type(a-r) 		(c)
Amount involved 		(d)
Method of determining amount involved
(1) EDUCATION ASSISTANCE SERVICES INC

 A, I 44,963  
(2) EDUCATION ASSISTANCE SERVICES INC

 F 505  
(3) EDUCATION ASSISTANCE SERVICES INC

 C, L, 339,766  
(4) EDUCATION ASSISTANCE SERVICES INC

 K 2,519,936  
(5)
(6)
Schedule R (Form 990) 2010
Schedule R (Form 990) 2010
Page 4
Part VI
Unrelated Organizations Taxable as a Partnership (Complete if the organization answered "Yes" on Form 990, Part IV, line 37.)
Provide the following information for each entity taxed as a partnership through which the organization conducted more than five percent of its activities (measured by total assets or gross revenue) that was not a related organization. See instructions regarding exclusion for certain investment partnerships.
(a)
Name, address, and EIN of entity 		(b)
Primary activity 		(c)
Legal domicile
(state or foreign
country) 		(d)
Are all
partners
section
501(c)(3)
organizations? 		(e)
Share of
end-of-year
assets 		(f)
Disproprtionate allocations? 		(g)
Code V—UBI
amount in box
20 of Schedule K-1
(Form 1065) 		(h)
General or
managing
partner?
Yes No Yes No Yes No






























Schedule R (Form 990) 2010
Schedule R (Form 990) 2010
Page 5
Part VII
Supplemental Information
Complete this part to provide additional information for responses to questions on Schedule R (see instructions).
Identifier Return Reference Explanation
Additional Data


Software ID:  
Software Version: