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
2011
Open to Public Inspection
A For the calendar year, or tax year beginning 10-01-2011 and ending 09-30-2012
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 $ 254,485,937
F Name and address of principal officer:
SUE C 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 FAMILY 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 2011 (Part V, line 2a) ... 5 701
6 Total number of volunteers (estimate if necessary) .... 6 0
7a Total unrelated business revenue from Part VIII, column (C), line 12 .. 7a 14,501
b Net unrelated business taxable income from Form 990-T, line 34 .. 7b 12,151
Revenues; Prior Year Current Year
8 Contributions and grants (Part VIII, line 1h) ......... 114,076,833 230,031,273
9 Program service revenue (Part VIII, line 2g) ......... 854,453 1,926,242
10 Investment income (Part VIII, column (A), lines 3, 4, and 7d ) .... 24,564,562 22,472,348
11 Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11e) 232,895 27,633
12 Total revenue—add lines 8 through 11 (must equal Part VIII, column (A), line 12)................... 139,728,743 254,457,496
Expenses; 13 Grants and similar amounts paid (Part IX, column (A), lines 1–3 )... 21,939,539 21,419,662
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) 51,703,864 53,507,453
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).... 43,878,153 91,012,970
18 Total expenses. Add lines 13–17 (must equal Part IX, column (A), line 25) 117,521,556 165,940,085
19 Revenue less expenses. Subtract line 18 from line 12....... 22,207,187 88,517,411
Net Assets or Fund Balances; Beginning of Current Year End of Year
20 Total assets (Part X, line 16)............. 835,486,221 839,348,071
21 Total liabilities (Part X, line 26)............. 356,953,275 280,986,080
22 Net assets or fund balances. Subtract line 21 from line 20..... 478,532,946 558,361,991
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 use only
Print/type preparer's name
 
Preparer's signature
Date
PTIN
Firm's name Right pointing arrowhead image

Firm's EIN Right pointing arrowhead image
Firm's address Right pointing arrowhead image



Phone no.
May the IRS discuss this return with the preparer shown above? See instructions .........bullet
For Paperwork Reduction Act Notice, see the separate instructions.
Cat. No. 11282Y
Form 990 (2011)
Form 990 (2011)
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 organization’s program service accomplishments for each of its three largest program services, as measured 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 $ 57,629,122 including grants of $   ) (Revenue $   )
SEE SCHEDULE O, GENERAL STATEMENT 2
4b (Code:   ) (Expenses $ 37,048,972 including grants of $   ) (Revenue $   )
SEE SCHEDULE O, GENERAL STATEMENT 2
4c (Code:   ) (Expenses $ 33,102,121 including grants of $ 21,419,662 ) (Revenue $ 1,926,242 )
SEE SCHEDULE O, GENERAL STATEMENT 2
4d Other program services (Describe in Schedule O.)
(Expenses $ 17,724,396 including grants of $   ) (Revenue $   )
4e Total program service expensesMediumBullet$ 145,504,611
Form 990 (2011)
Form 990 (2011)
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? Click to see attachment........
2
Yes
 
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 IIIClick to see attachment........................
5
 
No
6
Did the organization maintain any donor advised funds or any similar funds or accounts for which 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 temporarily restricted endowments, permanent endowments, 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, investment, and program service activities outside the United States or aggregate foreign investments valued at $100,000 or more? 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
20a
Did the organization operate one or more hospitals? If “Yes,” complete Schedule H.....
20a
 
No
b
If “Yes” to line 20a, did the organization attach a copy of its audited financial statement to this return? Note. All Form 990 filers that operated one or more hospitals must attach audited financial statements.
20b
 
 
Form 990 (2011)
Form 990 (2011)
Page 4
Part IV
Checklist of Required Schedules (continued)
21
Did the organization report more than $5,000 of grants and other assistance to any government or organization 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 employee thereof, a grant selection committee member, or to a 35% controlled entity or family member of any of these persons? 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
 
35a
Did the organization have a controlled entity within the meaning of section 512(b)(13)?
35a
Yes
 
b
If ‘Yes’ to line 35a, 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
35b
Yes
 
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 (2011)
Form 990 (2011)
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
75
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
701
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 (2011)
Form 990 (2011)
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
If the governing body delegated broad authority to an executive committee or similar committee, explain in Schedule O.
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
 
No
5
Did the organization become aware during the year of a significant diversion of the organization’s assets? .
5
 
No
6
Did the organization have members or stockholders? ................
6
 
No
7a
Did the organization have members, stockholders, or other persons who had the power to elect or appoint one or more members of the governing body? .................
7a
Yes
 
b
Are any governance decisions of the organization reserved to (or subject to approval by) members, stockholders, or persons other than the governing body? ............
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
Did the organization have local chapters, branches, or affiliates? ............
10a
 
No
b
If “Yes,” did the organization have written policies and procedures governing the activities of such chapters, affiliates, and branches to ensure their operations are consistent with the organization's exempt purposes? ....
10b
 
 
11a
Has the organization provided a complete 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
Did the organization have a written conflict of interest policy? If “No,” go to line 13.......
12a
Yes
 
b
Were officers, directors or trustees, and key employees required to disclose annually interests that could give rise to conflicts? ........................
12b
Yes
 
c
Did the organization regularly and consistently monitor and enforce compliance with the policy? If “Yes,” describe in Schedule O how this was done ....................
12c
Yes
 
13
Did the organization have a written whistleblower policy? ...............
13
Yes
 
14
Did 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 15a or 15b, 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,” did the organization follow a written policy or procedure requiring the organization to evaluate its participation in joint venture arrangements under applicable federal tax law, and take 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 made these available. Check all that apply.
19
Describe in Schedule O whether (and if so, how), the organization made its governing documents, conflict of interest policy, and financial statements available to the public during the tax year.
20
State the name, physical address, and telephone number of the person who possesses the books and records of the organization: MediumBullet
MARK J ZARSKY
301 SUNDANCE PARKWAY
ROUND ROCK,TX786818004
(512) 219-5700
Form 990 (2011)
Form 990 (2011)
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 (do not check more than one box, unless person is both an officer and a director/trustee) 		(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
 2.0 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) DORA ANN VERDE
BOARD MEMBER
 2.0 X           0 0 0
(8) PHIL WORLEY
BOARD MEMBER
 2.0 X           0 0 0
(9) FERNANADO TREVINO
BOARD MEMBER
 2.0 X           0 0 0
(10) STEVEN TAYS
BOARD MEMBER TERM ENDED 5/12
 2.0 X           0 0 0
(11) SUE C MCMILLIN
PRESIDENT/CEO
 54.0     X       355,195 0 45,012
(12) JAMES PATTERSON
SVP/FINANCE & ADMIN.
 44.0     X       254,105 0 45,865
(13) LLOYD DODGE
SVP/INFORMATION TECHNOLOGY
 40.0     X       237,303 0 33,438
(14) DEANNE VARNER
SVP/GEN.COUN/CHIEF ETHICS
 50.0     X       247,770 0 38,326
(15) KIM M ALEXANDER
VP/CUSTOMER RELATIONS
 44.0     X       182,377 0 32,280
(16) JOHN R ZANOT
VP/MARKETING & PROD. MGMT
 46.0     X       157,651 0 39,171
(17) RINN D HARPER
VP OPERATIONS
 41.0     X       156,370 0 34,166
Form 990 (2011)
Form 990 (2011)
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 (do not check more than one box, unless person is both an officer and a director/trustee) 		(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) CAROL N LINDSEY
VP/POLICY & COMPLIANCE
 40.0     X       163,716 0 29,784
(19) PHILLIP E CERVIN
VP COLLECTIONS
 50.0     X       158,446 0 36,921
(20) JACOB FRAIRE
VP/STUDENT INST. SUCCESS
 45.0     X       145,248 0 36,491
(21) CALVIN H ABBOTT
AVP/PORTFOLIO MANAGER
 40.0       X     160,444 0 31,689
(22) JAMES E ZIMMERMAN
AVP/TECHNOLOGY SERVICES
 40.0       X     147,641 0 36,061
(23) MARY O NEGRETE
AVP/HUMAN RESOURCES
 42.0       X     163,657 0 25,830
(24) PAUL B DIAZ
AVP/TECH SVCS TERM ENDED 11/11
 44.0       X     153,501 0 18,142
(25) MARK J ZARSKY
AVP/CONTROLLER
 41.0       X     159,248 0 29,575
(26) WILLIAM LOVEALL
AVP/APMO
 42.0         X   142,675 0 27,233
(27) ANGEL L CRUZ
AVP/CISO TERM ENDED 11/11
 41.0         X   139,461 0 28,820
(28) KARA J THOMPSON
AVP/STRATEGIC PLANNING
 40.0         X   130,946 0 26,756
(29) KEVIN G STRUCKHOFF
AVP/RELATIONSHIP MGMT CON
 50.0         X   123,962 0 34,865
(30) SUSAN G HIGH
AVP/COLLECTIONS
 41.0         X   124,120 0 29,053
1b Sub-Total................MediumBullet
c Total from continuation sheets to Part VII, Section A....MediumBullet
d Total (add lines 1b and 1c)............MediumBullet 3,503,836 0 659,478
2
Total number of individuals (including but not limited to those listed above) who received more than $100,000 of reportable compensation from the organizationMediumBullet82
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. Report compensation for the calendar year ending with or within the organization’s tax year.
(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 $100,000 of compensation from the organization MediumBullet11
Form 990 (2011)
Form 990 (2011)
Page 9
Part VIII
Statement of Revenue
(A)
Total revenue 		(B)
Related or
exempt
function
revenue 		(C)
Unrelated
business
revenue 		(D)
Revenue
excluded from
tax under sections
512, 513, or 514
Contributions, Gifts, Grants and Other Similar Amounts 1a Federated campaigns..1a  
b Membership dues....1b  
c Fundraising events....1c  
d Related organizations...1d  
e Government grants (contributions)1e 230,031,273
f All other contributions, gifts, grants, and
similar amounts not included above1f 		 
g Noncash contributions included in lines 1a-1f:$  
h Total. Add lines 1a-1f.......MediumBullet 230,031,273
Program Service Revenue Business Code
2a REPURCHASE INTEREST 900,099 919,551 919,551    
b DEFAULT AVERSION SOLUTIONS 900,099 1,006,691 1,006,691    
c
d
e
f All other program service revenue .        
g Total. Add lines 2a–2f........MediumBullet 1,926,242
Other Revenue 3 Investment income (including dividends, interest
and other similar amounts).....MediumBullet 22,472,348     22,472,348
4 Income from investment of tax-exempt bond proceeds..MediumBullet 0      
5 Royalties............MediumBullet 0      
(i) Real (ii) Personal
6a Gross rents 42,942  
b Less: rental expenses 28,441  
c Rental income or (loss) 14,501  
d Net rental income or (loss).......MediumBullet 14,501   14,501  
(i) Securities (ii) Other
7a Gross amount from sales of assets other than inventory    
b Less: cost or other basis and sales expenses    
c Gain or (loss)    
d Net gain or (loss)..........MediumBullet 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    
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      
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      
Miscellaneous Revenue Business Code
11a MISC. INCOME 900,099 13,132 13,132    
b            
c            
d All other revenue ....        
e Total. Add lines 11a–11d ......MediumBullet 13,132
12 Total revenue. See Instructions....MediumBullet 254,457,496 1,939,374 14,501 22,472,348
Form 990 (2011)
Form 990 (2011)
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).
Check if Schedule O contains a response to any question in this Part IX. .........
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 United States. See Part IV, line 21 21,419,662 21,419,662
2 Grants and other assistance to individuals in the United States. See Part IV, line 22 0  
3 Grants and other assistance to governments, organizations, and individuals outside the United States. 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 .... 2,293,221 2,010,691 282,530  
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      
7 Other salaries and wages 38,398,356 28,089,330 10,309,026  
8 Pension plan accruals and contributions (include section 401(k) and 403(b) employer contributions) .... 3,095,141 2,286,144 808,997  
9 Other employee benefits ....... 6,310,116 4,668,263 1,641,853  
10 Payroll taxes ........... 3,410,619 2,523,197 887,422  
11 Fees for services (non-employees):        
a Management ...... 0      
b Legal ......... 207,491 57,348 150,143  
c Accounting ........... 253,326   253,326  
d Lobbying ........... 77,096 77,096    
e Professional fundraising. See Part IV, line 17.. 0  
f Investment management fees ...... 0      
g Other .......... 420,010 161,205 258,805  
12 Advertising and promotion .... 376,663 376,663    
13 Office expenses ....... 2,580,578 2,184,583 395,995  
14 Information technology ...... 3,612,102 3,019,969 592,133  
15 Royalties .. 0      
16 Occupancy ........... 1,193,644 572,205 621,439  
17 Travel ............ 1,093,686 911,878 181,808  
18 Payments of travel or entertainment expenses for any federal, state, or local public officials ...... 0      
19 Conferences, conventions, and meetings .... 549,554 204,287 345,267  
20 Interest ........... 0      
21 Payments to affiliates ....... 0      
22 Depreciation, depletion, and amortization ..... 4,776,218 2,562,178 2,214,040  
23 Insurance .............. 321,411   321,411  
24 Other expenses. Itemize expenses not covered above (List miscellaneous expenses in line 24f. If line 24f amount exceeds 10% of line 25, column (A) amount, list line 24f expenses on Schedule O.)
a LOAN LOSS 55,939,344 55,939,344    
b COLLECTION AGENCY COMMISSIONS 11,368,230 11,368,230    
c DEFAULT AVERSION FEES 4,694,751 4,694,751    
d OTHER PROFESSIONAL SVCS 2,663,354 1,944,935 718,419  
e
f All other expenses 885,512 432,652 452,860  
25 Total functional expenses. Add lines 1 through 24f 165,940,085 145,504,611 20,435,474 0
26 Joint costs. Complete this line only if the organization reported in column (B) joint costs from a combined educational campaign and fundraising solicitation. Check here MediumBullet if following SOP 98-2 (ASC 958-720).        
Form 990 (2011)
Form 990 (2011)
Page 11
Part X Balance Sheet
(A)
Beginning of year 		(B)
End of year
Assets 1 Cash—non-interest-bearing .......... 22,705,180 1 43,178,030
2 Savings and temporary cash investments ....... 4,599,179 2 6,369,349
3 Pledges and grants receivable, net ......... 0 3 0
4 Accounts receivable, net ......... 72,737,709 4 40,668,057
5 Receivables from current and former officers, directors, trustees, key employees, and highest compensated employees. Complete Part II of
Schedule L .......... 0 5 0
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 .......... 0 6 0
7 Notes and loans receivable, net ............. 0 7 0
8 Inventories for sale or use .............. 0 8 0
9 Prepaid expenses and deferred charges ............ 1,749,526 9 1,641,271
10a Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D 10a 75,175,894
b Less: accumulated depreciation. ..... 10b 32,498,390 43,338,319 10c 42,677,504
11 Investments—publicly traded securities .......... 682,881,388 11 696,909,254
12 Investments—other securities. See Part IV, line 11 ...... 7,287,452 12 7,793,750
13 Investments—program-related. See Part IV, line 11 .. 0 13 0
14 Intangible assets ......... 0 14 0
15 Other assets. See Part IV, line 11 ........... 187,468 15 110,856
16 Total assets. Add lines 1 through 15 (must equal line 34)... 835,486,221 16 839,348,071
Liabilities 17 Accounts payable and accrued expenses . 83,456,814 17 39,676,080
18 Grants payable .......... 0 18 0
19 Deferred revenue .......... 0 19 0
20 Tax-exempt bond liabilities .......... 0 20 0
21 Escrow or custodial account liability. Complete Part IV of Schedule D.. 0 21 0
22 Payables to current and former officers, directors, trustees, key
employees, highest compensated employees, and disqualified
persons. Complete Part II of Schedule L.......... 0 22 0
23 Secured mortgages and notes payable to unrelated third parties .. 2,636,460 23 0
24 Unsecured notes and loans payable to unrelated third parties .... 0 24 0
25 Other liabilities (including federal income tax, payables to related third parties, and other liabilities not included on lines 17-24). Complete Part X of Schedule D..... 270,860,001 25 241,310,000
26 Total liabilities. Add lines 17 through 25..... 356,953,275 26 280,986,080
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 ..... 0 30 0
31 Paid-in or capital surplus, or land, building or equipment fund ..... 40,701,859 31 42,677,504
32 Retained earnings, endowment, accumulated income, or other funds 437,831,087 32 515,684,487
33 Total net assets or fund balances ..... 478,532,946 33 558,361,991
34 Total liabilities and net assets/fund balances ..... 835,486,221 34 839,348,071
Form 990 (2011)
Form 990 (2011)
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
254,457,496
2
Total expenses (must equal Part IX, column (A), line 25) ....
2
165,940,085
3
Revenue less expenses. Subtract line 2 from line 1 ...
3
88,517,411
4
Net assets or fund balances at beginning of year (must equal Part X, line 33, column (A)) ..
4
478,532,946
5
Other changes in net assets or fund balances (explain in Schedule O) ...
5
-8,688,366
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
558,361,991
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 (2011)
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
2011
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) 2011
Schedule A (Form 990 or 990-EZ) 2011
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) 2007 (b) 2008 (c) 2009 (d) 2010 (e) 2011 (f) Total
1 Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") .... 133,020,788 117,767,682 132,728,600 114,076,833 230,031,273 727,625,176
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.. 133,020,788 117,767,682 132,728,600 114,076,833 230,031,273 727,625,176
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.           727,625,176
Section B. Total Support
Calendar year(or fiscal year beginning in) (a) 2007 (b) 2008 (c) 2009 (d) 2010 (e) 2011 (f) Total
7 Amounts from line 4.. 133,020,788 117,767,682 132,728,600 114,076,833 230,031,273 727,625,176
8 Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources.. 28,558,446 25,609,451 23,395,341 24,570,213 22,472,348 124,605,799
9 Net income from unrelated business activities, whether or not the business is regularly carried on..     9,706 13,591 13,151 36,448
10 Other income. (Explain in Part IV.) Do not include gain or loss from the sale of capital assets.. 293,801 280,369 105,715 207,904 13,132 900,921
11 Total support (Add lines 7 through 10).           853,168,344
12
12
203,648,914
13
Section C. Computation of Public Support Percentage
14
14
85.285 %
15
15
84.462 %
16a
b
17a
b
18
Schedule A (Form 990 or 990-EZ) 2011
Schedule A (Form 990 or 990-EZ) 2011
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) 2007 (b) 2008 (c) 2009 (d) 2010 (e) 2011 (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) 2007 (b) 2008 (c) 2009 (d) 2010 (e) 2011 (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) 2011
Schedule A (Form 990 or 990-EZ) 2011
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) 2011

Additional Data


Software ID:  
Software Version:  
Schedule B
(Form 990, 990-EZ,
or 990-PF)
Department of the Treasury
Internal Revenue Service
Schedule of Contributors
Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
OMB No. 1545-0047
2011
Name of organization
TEXAS GUARANTEED STUDENT LOAN CORP
 
Employer identification number

74-2094204
Organization type (check one):
Filers of:
Section:
Form 990 or 990-EZ





Form 990-PF




Check if your organization is covered by the General Rule or a Special Rule.  
Note. Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
General Rule
Special Rules
......................... Arrow Bullet   $    
Caution. An Organization that is not covered by the General Rule and/or the Special Rules does not file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its
Form 990-EZ or on Part I, line 2, of its Form 990-PF, to certify that it does not meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).
For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.
Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2011)

Page 2
Schedule B (Form 990, 990-EZ, or 990-PF) (2011)
Name of organization
TEXAS GUARANTEED STUDENT LOAN CORP
  		Employer identification number

74-2094204
Part I
Contributors (see Instructions). Use duplicate copies of Part I if additional space is needed.
     
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
RESTRICTED
RESTRICTED
 

     
RESTRICTED
RESTRICTED  
RESTRICTED, RESTRICTED   RESTRICTED

$RESTRICTED




(Complete Part II if there is a noncash contribution.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 

     
 
   

$  




(Complete Part II if there is a noncash contribution.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 

     
 
   

$  




(Complete Part II if there is a noncash contribution.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 

     
 
   

$  




(Complete Part II if there is a noncash contribution.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 

     
 
   

$  




(Complete Part II if there is a noncash contribution.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 

     
 
   

$  




(Complete Part II if there is a noncash contribution.)
Schedule B (Form 990, 990-EZ, or 990-PF) (2011)

Page 3
Schedule B (Form 990, 990-EZ, or 990-PF) (2011)
Name of organization
TEXAS GUARANTEED STUDENT LOAN CORP
  		Employer identification number

74-2094204
Part II
Noncash Property (see Instructions). Use duplicate copies of Part II if additional space is needed.
     
(a) No.
from
Part I		 (b)
Description of noncash property given		 (c)
FMV (or estimate)
(see instructions). 		(d)
Date received
 
$    
(a) No.
from
Part I		 (b)
Description of noncash property given		 (c)
FMV (or estimate)
(see instructions). 		(d)
Date received
 
$    
(a) No.
from
Part I		 (b)
Description of noncash property given		 (c)
FMV (or estimate)
(see instructions). 		(d)
Date received
 
$    
(a) No.
from
Part I		 (b)
Description of noncash property given		 (c)
FMV (or estimate)
(see instructions). 		(d)
Date received
 
$    
(a) No.
from
Part I		 (b)
Description of noncash property given		 (c)
FMV (or estimate)
(see instructions). 		(d)
Date received
 
$    
(a) No.
from
Part I		 (b)
Description of noncash property given		 (c)
FMV (or estimate)
(see instructions). 		(d)
Date received
 
$    
Schedule B (Form 990, 990-EZ, or 990-PF) (2011)

Page 4
Schedule B (Form 990, 990-EZ, or 990-PF) (2011)
Name of organization
TEXAS GUARANTEED STUDENT LOAN CORP
  		Employer identification number

74-2094204
Part III
Exclusively religious, charitable, etc., individual contributions to section 501(c)(7), (8), or (10) organizations
that total more than $1,000 for the year. Complete columns (a) through (e) and the following line entry.
For organizations completing Part III, enter the total of exclusively religious, charitable, etc.,
contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet $  
Use duplicate copies of Part III if additional space is needed
(a) No.
from
Part I		 (b)
Purpose of gift		 (c)
Use of gift		 (d)
Description of how gift is held
 
(e)
Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
       
 
(a) No.
from
Part I		 (b)
Purpose of gift		 (c)
Use of gift		 (d)
Description of how gift is held
 
(e)
Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
       
 
(a) No.
from
Part I		 (b)
Purpose of gift		 (c)
Use of gift		 (d)
Description of how gift is held
 
(e)
Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
       
 
(a) No.
from
Part I		 (b)
Purpose of gift		 (c)
Use of gift		 (d)
Description of how gift is held
 
(e)
Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
       
 
Schedule B (Form 990, 990-EZ, or 990-PF) (2011)

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
2011
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, line 35c (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 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 function 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) 2011

Schedule C (Form 990 or 990-EZ) 2011
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 expenses, and share of excess lobbying expenditures).
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) ......    
b Total lobbying expenditures to influence a legislative body (direct lobbying) ....... 103,112  
c Total lobbying expenditures (add lines 1a and 1b) ................... 103,112  
d Other exempt purpose expenditures ........................ 145,401,499  
e Total exempt purpose expenditures (add lines 1c and 1d) ............... 145,504,611  
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-. ................    
i Subtract line 1f from line 1c. If zero or less, enter -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) 2008 (b) 2009 (c) 2010 (d) 2011 (e) Total
             
2a Lobbying non-taxable amount   1,000,000 1,000,000 1,000,000 3,000,000
             
b Lobbying ceiling amount
(150% of line 2a, column(e)) 		        4,500,000
             
c Total lobbying expenditures   73,448 110,361 103,112 286,921
             
d Grassroots nontaxable amount   250,000 250,000 250,000 750,000
             
e Grassroots ceiling amount
(150% of line 2d, column (e))		         1,125,000
             
f Grassroots lobbying expenditures   0 0 0 0
Schedule C (Form 990 or 990-EZ) 2011


Schedule C (Form 990 or 990-EZ) 2011
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)).
For each “Yes” response to lines 1a through 1i below, provide in Part IV a detailed description of the lobbying activity.
(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? ..........................
 
 
 
j
Total. Add 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 carry over 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) and if either (a) BOTH Part III-A, lines 1 and 2 are answered “No” OR (b) Part III-A, line 3 is answered “Yes”.
1
Dues, assessments and similar amounts from members .....................
1
 
2
Section 162(e) nondeductible 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, Part II-A; line 5; and Part ll-B, line 1.
Also, complete this part for any additional information.
Identifier Return Reference Explanation
Schedule C (Form 990 or 990EZ) 2011

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, 11a, 11b, 11c, 11d, 11e, 11f, 12a, or 12b
SchDMd Bullet Attach to Form 990. SchDMd Bullet See separate instructions.
OMB No. 1545-0047
2011
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 can 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 through 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, and not on a historic structure listed in the National Register .................... 2d  
3
Number of conservation easements modified, transferred, released, extinguished, or terminated by the organization during
the tax 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 (ASC 958), 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 (ASC 958), 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 (ASC 958), 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) 2011

Schedule D (Form 990) 2011
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 Net investment earnings, gains, and 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 (line 1g) held as:
a
Board designated or quasi-endowment SchDMd Bullet  
b
Permanent endowment SchDMd Bullet  
c
Temporarily restricted endowment SchDMd Bullet  
The percentages in lines 2a, 2b, and 2c should equal 100%.
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
Land, Buildings, and Equipment. See Form 990, Part X, line 10.
Description of property (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 7,170,106 26,942,534
c Leasehold improvements ............   2,605 2,605 0
d Equipment ................   14,422,631 12,475,200 1,947,431
e Other .................   23,323,018 12,850,479 10,472,539
Total. Add lines 1a through 1e. (Column (d) must equal Form 990, Part X, column (B), line 10(c).).......SchDMdBullet 42,677,504
Schedule D (Form 990) 2011

Schedule D (Form 990) 2011
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) must 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) must 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) must 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) Book value
Federal Income Taxes 0
ALLOWANCE FOR NON-REINSURED LOAN 241,310,000








Total. (Column (b) must equal Form 990, Part X, col.(B) line 25.)Small Bullet 241,310,000
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) 2011

Schedule D (Form 990) 2011
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 through 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 must 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 must 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) 2011

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
2011
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) BEYOND 12901 MISSION STSTE 205
SAN FRANCISCO,CA94103 		27-1275246 501(c)(3) 119,500       SERVICES TO STUDENTS
(2) AMARILLO AREA FOUNDATION INC801 S FILLMORE STE 700
AMARILLO,TX79101 		75-0978220 501(C)(3) 99,100       SERVICES TO STUDENTS
(3) ANN RICHARDS SCHOOL FOUNDATION2206 PRATHER LANE
AUSTIN,TX78704 		26-4231160 501(C)(3) 21,131       SERVICES TO STUDENTS
(4) YMCA OF METROPOLITAN FT WORTH512 LAMAR STE 400
FORT WORTH,TX76102 		75-0827471 503(C)(3) 70,511       SERVICES TO STUDENTS
(5) BOARD OF TRUSTEES OF UNIVERSITY OF ILLINOIS809 S MARSHFIELD AVE
M/C 557ROOM 218
CHICAGO,IL60612 		37-6006007 STATE OF IL 37,978       SERVICES TO STUDENTS
(6) BOTTOM LINE500 AMORY ST STE 3
JAMAICA PLAIN,MA02130 		04-3351427 501(c)(3) 55,000       SERVICES TO STUDENTS
(7) CENTER FOR LEARNING & DEVELOPMENT200 W HWY 6 STE 503
WACO,TX76712 		74-2687080 501(c)(3) 114,142       SERVICES TO STUDENTS
(8) A MILLION STARS INC110 N JEFFERSON ST
ST LOUIS,MO63103 		20-4768985 501(C)(3) 75,000       SERVICES TO STUDENTS
(9) COMMUNITIES IN SCHOOLS OF CENTRAL TEXAS3000 SOUTH IH 35STE 200
AUSTIN,TX78704 		74-2369020 501(C)(3) 37,500       ORGANIZTNL. CAPACITY
(10) CENTRAL TEXAS COLLEGE6200 W CENTRAL TEXAS EXPY
PO BOX 1800
KILLEEN,TX76540 		74-2623554 STATE OF TX 170,000       SERVICES TO STUDENTS
(11) CON MI MADRE1925 SAN JACINTO BLVD
STOP D-3500
AUSTIN,TX78712 		74-1934031 501(c)(3) 51,380       SERVICES TO STUDENTS
(12) COUNCIL FOR OPPORTUNITY IN EDUCATION1025 VERMONT AVENW
STE 900
WASHINGTON,DC20005 		52-1221301 501(c)(3) 7,125       EDUCATIONAL RESEARCH
(13) CREATIVE KIDS504 SAN FRANCISCO ST
EL PASO,TX79901 		74-2910251 501(c)(3) 28,500       SERVICES TO STUDENTS
(14) CISCO COLLEGE101 COLLEGE HEIGHTS
CISCO,TX76437 		75-1164343 STATE OF TX 73,018       SERVICES TO STUDENTS
(15) DENVER SCHOLARSHIP FOUNDATION303 E 17TH AVE STE 200
DENVER,CO80203 		20-5143175 501(C)(3) 72,072       SERVICES TO STUDENTS
(16) EDISON FOUNDATION1973 EDISON DRIVE
PIQUA,OH45356 		31-1379781 501(C)(3) 99,857       SERVICES TO STUDENTS
(17) EDUCATION IS FREEDOM FOUNDATION2711 N HASKELL AVESTE 2070
LB 18
DALLAS,TX75204 		04-3643313 501(C)(3) 73,000       SERVICES TO STUDENTS
(18) EL PASO COMMUNITY COLLEGE FOUNDATIONPO BOX 20500
EL PASO,TX79998 		74-1690850 501(C)(3) 24,749       SERVICES TO STUDENTS
(19) FLORIDA STATE UNIVERSITY RESEARCH FOUNDATION2000 LEVY AVENUE
STE 351
TALLAHASSEE,FL32310 		59-3211153 501(C)(3) 153,323       EDUCATIONAL RESEARCH
(20) FAMILIES UNITED IN EDUCATIONAL LEADERSHIP INC561 BOYLSTON ST
BOSTON,MA02116 		27-1462229 501(C)(3) 33,750       EDUCATIONAL RESEARCH
(21) FORT WORTH CHAMBER DEVELOPMENT FOUNDATION777 TAYLOR STREET
SUITE 900
FORT WORTH,TX76102 		20-2354924 501(C)(3) 50,570       SERVICES TO STUDENTS
(22) GENESYS WORKS601 JEFFERSON AVE
STE 3760
HOUSTON,TX77002 		03-0440761 501(C)(3) 100,000       SERVICES TO STUDENTS
(23) INSTITUTE FOR HIGHER EDUCATION1825 K STREET NW
SUITE 720
WASHINGTON,DC20006 		52-1818907 501(C)(3) 103,476       ORGANIZTNL. CAPACITY
(24) INTERCULTURAL DEVELOPMENT RESEARCH ASSN5815 CALLAGHAN RD
STE 101
SAN ANTONIO,TX78228 		74-1804539 501(C)(3) 75,000       ORGANIZTNL. CAPACITY
(25) LLANO GRANDE CTR FOR RESEARCHPO BOX 340
EDCOUCH,TX78538 		74-2977974 501(C)(3) 39,290       SERVICES TO STUDENTS
(26) NACOGDOCHES INDEPENDENT SCHOOL DISTRICT511 S UNIVERSITY DR
NACOGDOCHES,TX75961 		75-6002119 TX PUB. SCHOOL 40,000       SERVICES TO STUDENTS
(27) NASFAA1101 CONNECTICUT AVE NW
STE 1100
WASHINGTON,DC20036 		83-0211970 501(C)(3) 6,500       ORGANIZTNL. CAPACITY
(28) NATIONAL SCHOLARSHIP PROVIDERS ASSOCIATION2222 14TH ST
BOULDER,CO80302 		36-4280502 501(C)(3) 65,000       ORGANIZTNL. CAPACITY
(29) OUR LADY OF THE LAKE UNIVERSITY411 SW 24TH ST
SAN ANTONIO,TX78207 		74-1109631 501(C)(3) 89,000       SERVICES TO STUDENTS
(30) QUALITY OF LIFE FOUNDATION OF AUSTIN INC210 BARTON SPGS RD
STE 400
AUSTIN,TX78704 		74-2394827 501(C)(3) 178,600       EDUCATIONAL RESEARCH
(31) SAN ANTONIO EDUCATION PARTNERS131 EL PASO ST
SAN ANTONIO,TX78204 		74-2547643 501(C)(3) 59,910       SERVICES TO STUDENTS
(32) ST EDWARD'S UNIVERSITY3001 S CONGRESS AVE
AUSTIN,TX78704 		74-1109641 501(C)(3) 81,213       SERVICES TO STUDENTS
(33) TEXAS A&M INTERNATIONAL UNIVERSITY5201 UNIVERSITY BLVD
LAREDO,TX78041 		74-1761398 STATE OF TX 232,643       SERVICES TO STUDENTS
(34) UNIVERSITY OF CALIFORNIA MERCED5200 N LAKE ROAD
MERCED,CA95343 		27-0093858 STATE OF CA 94,500       SERVICES TO STUDENTS
(35) THE COLLEGE CRUSADE OF RHODE ISLAND134 THURBERS AVE
PROVIDENCE,RI02905 		22-3031765 501(C)(3) 105,418       SERVICES TO STUDENTS
(36) UNIVERSITY OF CENTRAL OKLAHOMA100 N UNIVERSITY DRIVE
EDMOND,OK73034 		73-6017987 STATE OF OK 87,616       SERVICES TO STUDENTS
(37) THE UNIVERSITY OF TEXAS AT DALLAS800 W CAMPBELL RD MP13
RICHARDSON,TX75081 		75-1305566 STATE OF TX 70,000       SERVICES TO STUDENTS
(38) UNIV OF TEXAS MEDICAL BRANCH300 UNIVERSITY BLVD
GALVESTON,TX77555 		74-6000949 STATE OF TX 79,365       SERVICES TO STUDENTS
(39) UNIVERSITY OF TEXAS AT EL PASO500 W UNIVERSITY AVE
EL PASO,TX79968 		74-6000813 STATE OF TX 91,003       SERVICES TO STUDENTS
(40) UNIVERSITY OF HOUSTON1 MAIN ST STE 990S
HOUSTON,TX77002 		74-6001999 STATE OF TX 17,915       SERVICES TO STUDENTS
(41) UNIVERSITY OF MICHIGAN610 E UNIVERSITY AVE
SUITE 2339
ANN ARBOR,MI48109 		38-6006309 STATE OF MI 167,214       EDUCATIONAL RESEARCH
(42) UNIVERSITY OF NORTH CAROLINAJACKSON HALL CB 2200
CHAPEL HILL,NC27599 		56-6001393 STATE OF NC 21,500       ORGANIZTNL. CAPACITY
(43) UNIVERSITY OF NORTH TEXAS1155 UNION CIRCLE 311250
DENTON,TX76203 		75-6002149 STATE OF TX 14,495       EDUCATIONAL RESEARCH
(44) UNIVERSITY OF TEXAS AT SAN ANTONIO1 UTSA CIR
SAN ANTONIO,TX78249 		74-1717115 STATE OF TX 99,210       SERVICES TO STUDENTS
(45) UNIVERSITY OF TEXAS AT BROWNSVILL80 FT BROWN ST
BROWNSVILLE,TX78520 		74-2759269 STATE OF TX 198,850       SERVICES TO STUDENTS
(46) WYMAN CENTER600 KIWANIS DR
EUREKA,MO63025 		43-0653263 501(C)(3) 34,219       SERVICES TO STUDENTS
(47) RGV LEADTECH PREP BLDG 1902 N
LOOP 499
HARLINGEN,TX78550 		74-2691363 501(C)(3) 104,449       SERVICES TO STUDENTS
(48) SCHOLARSHIP AMERICA1550 AMERICA BLVD E
MINNEAPOLIS,MN55425 		04-2296967 501(C)(3) 4,969,505       STUDENT FIN. AID
(49) COLLEGE FOR ALL TEXANS FOUNDATIONPO BOX 12788
AUSTIN,TX78711 		74-3017895 501(C)(3) 10,000,000       STUDENT FIN. AID
(50) TEXAS HIGHER EDUCATION COORDINATING BOARD1200 E ANDERSON LN
AUSTIN,TX78752 		82-0569407 STATE OF TX 3,062,000       STUDENT FIN. AID
2
Enter total number of section 501(c)(3) and government organizations listed in the line 1 table ................. Bullet Image
50
3
Enter total number of other organizations listed in the line 1 table ......................... . Bullet Image
 
For Privacy Act and Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50055P
Schedule I (Form 990) 2011

Schedule I (Form 990) 2011
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. FORM 990, SCHEDULE I, PART IV GRANT REFUNDS - UNEXPENDED GRANT FUNDS AWARDED IN PREVIOUS YEARS RETURNED ARE REPORTED AS FOLLOWS: GRANT FUNDS ROUND ROCK $5,467 HOUSTON A+ CHALLENGE $3,960 HOUSTON COMMUNITY COLLEGE $36,676 OLLU/COLLEGE CONEXION $42,485 SCHOLARSHIP AMERICA $73,362 SAM HOUSTON STATE UNIVERSITY $7,490 SPRING HILL COLLEGE $16,874 STARK ED PARTNERSHIP $167 SUNNYSIDE UNIFIED SCHOOL DISTRICT $43,943 TALLAHASSEE COMMUNITY COLLEGE $56,931 TEXAS WOMAN'S UNIVERSITY $615 TEXAS A&M UNIVERSITY $8,500 TEXAS A&M INTERNATIONAL UNIVERSITY $17,286 UNIVERSITY OF TEXAS AT AUSTIN $26,652 VICTORIA COLLEGE $26
Schedule I (Form 990) 2011


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
2011
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 or provision 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. Do not check any boxes for methods
used by a related organization to establish compensation of the CEO/Executive Director, but explain in Part III.
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
 
No
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 Regulations 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) 2011

Schedule J (Form 990) 2011
Page 2
Part II
Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees. Use duplicate copies if additional space is 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) for each listed individual must equal the total amount of Form 990, Part VII, Section A, line 1a, applicable column (D) and column (E) for that individual.
(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 as deferred
in prior Form 990
(i) Base compensation (ii) Bonus & incentive compensation (iii) Other reportable compensation
(1) SUE C MCMILLIN (i)
(ii)		 270,681
0 		72,400
0 		12,114
0 		38,265
0 		6,747
0 		400,207
0 		0
0
(2) JAMES PATTERSON (i)
(ii)		 205,269
0 		48,422
0 		414
0 		28,800
0 		17,065
0 		299,970
0 		0
0
(3) LLOYD DODGE (i)
(ii)		 193,960
0 		42,569
0 		774
0 		26,691
0 		6,747
0 		270,741
0 		0
0
(4) DEANNE VARNER (i)
(ii)		 198,574
0 		48,422
0 		774
0 		28,136
0 		10,190
0 		286,096
0 		0
0
(5) KIM M ALEXANDER (i)
(ii)		 157,951
0 		23,652
0 		774
0 		19,302
0 		12,978
0 		214,657
0 		0
0
(6) JOHN R ZANOT (i)
(ii)		 133,729
0 		23,652
0 		270
0 		17,503
0 		21,668
0 		196,822
0 		0
0
(7) RINN D HARPER (i)
(ii)		 132,448
0 		23,652
0 		270
0 		17,244
0 		16,922
0 		190,536
0 		0
0
(8) CAROL N LINDSEY (i)
(ii)		 127,768
0 		35,534
0 		414
0 		15,959
0 		13,825
0 		193,500
0 		0
0
(9) PHILLIP E CERVIN (i)
(ii)		 134,642
0 		23,390
0 		414
0 		17,012
0 		19,909
0 		195,367
0 		0
0
(10) CALVIN H ABBOTT (i)
(ii)		 138,722
0 		20,534
0 		1,188
0 		16,942
0 		14,747
0 		192,133
0 		0
0
(11) JAMES E ZIMMERMAN (i)
(ii)		 126,837
0 		20,534
0 		270
0 		15,975
0 		20,086
0 		183,702
0 		0
0
(12) MARY O NEGRETE (i)
(ii)		 142,349
0 		20,534
0 		774
0 		16,717
0 		9,113
0 		189,487
0 		0
0
(13) PAUL B DIAZ (i)
(ii)		 111,733
0 		20,534
0 		21,234
0 		11,781
0 		6,361
0 		171,643
0 		0
0
(14) MARK J ZARSKY (i)
(ii)		 138,444
0 		20,534
0 		270
0 		16,548
0 		13,027
0 		188,823
0 		0
0
(15) JACOB FRAIRE (i)
(ii)		 122,032
0 		22,946
0 		270
0 		15,189
0 		21,302
0 		181,739
0 		0
0
(16) WILLIAM LOVEALL (i)
(ii)		 124,430
0 		17,831
0 		414
0 		14,928
0 		12,305
0 		169,908
0 		0
0
(17) ANGEL L CRUZ (i)
(ii)		 107,060
0 		17,518
0 		14,883
0 		11,205
0 		17,615
0 		168,281
0 		0
0
(18) KARA J THOMPSON (i)
(ii)		 112,701
0 		17,831
0 		414
0 		13,928
0 		12,828
0 		157,702
0 		0
0
(19) KEVIN G STRUCKHOFF (i)
(ii)		 105,717
0 		17,831
0 		414
0 		13,612
0 		21,253
0 		158,827
0 		0
0
(20) SUSAN G HIGH (i)
(ii)		 105,875
0 		17,831
0 		414
0 		13,342
0 		15,711
0 		153,173
0 		0
0
Schedule J (Form 990) 2011

Schedule J (Form 990) 2011
Page 3
Part III
Supplemental Information
Complete this part to provide the information, explanation, or descriptions required for Part I, lines 1a, 1b, 3, 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 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) 2011

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
2011
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: 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 LENDERS COMPLIANCE WITH FFEL PROGRAM REQUIREMENTS, AND, IF VALID, MANAGES THE PURCHASE OF THE LOAN FROM THE LENDER, WHICH IS REINSURED BY THE FEDERAL GOVERNMENT. IT IS AT THAT TIME THAT THE LOAN ENTERS TG'S PORTFOLIO FOR COLLECTION ON BEHALF OF THE FEDERAL GOVERNMENT. IN FISCAL YEAR 2012, TG PROCESSED CLAIMS TOTALING APPROXIMATELY $884 MILLION. 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. WHILE THE TEAM'S CORE RESPONSIBILITY IS TO RECOVER TAXPAYER ASSETS, TG WORKS WITH BORROWERS TO FIND THE BEST OPTION FOR THEM IN RESOLVING THEIR DEFAULT. THE GOAL IS TO HELP THE BORROWER RETURN TO REPAYMENT IN A WAY THAT REPAIRS THEIR CREDIT. IN FY12, TG'S DEFAULT RECOVERY TEAM HELPED 27,300 BORROWERS RETURN TO REPAYMENT. OF THOSE, 40 PERCENT RETURNED THROUGH SUCH BENEFICIAL PROGRAMS AS REASONABLE AND AFFORDABLE REPAYMENT AND REHABILITATION, THE BEST SOLUTION FOR BORROWERS WITH DEFAULTED LOANS. IN FISCAL YEAR 2012, TG COLLECTED APPROXIMATELY $673 MILLION IN DEFAULTED STUDENT LOANS. FORM 990, PART III, LINE 4C: CUSTOMER SERVICE - WITH EXTENSIVE KNOWLEDGE OF BOTH FEDERAL AND TEXAS-BASED FINANCIAL AID, TG PROVIDES SERVICES TO ASSIST STUDENTS AND FAMILIES AT ALL STAGES IN THE HIGHER EDUCATION EXPERIENCE WHETHER CONSIDERING THE HIGHER EDUCATION PATH, ATTENDING COLLEGE, OR MANAGING LOAN REPAYMENT. TO ACCOMPLISH THIS, TG HAS PARTNERED WITH STATE AGENCIES TO PROMOTE THE VALUE OF HIGHER EDUCATION AND TO INFORM STUDENTS AND FAMILIES OF 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. TG SERVES AS THE TEXAS FINANCIAL AID INFORMATION CENTER OR TFAIC, A RESOURCE TO TEXAS STUDENTS AND FAMILIES INTERESTED IN HIGHER EDUCATION. TFAIC REACHES OUT TO STUDENTS AND FAMILIES ANSWERING QUESTIONS ON THE TEXAS COLLEGE ADMISSION PROCESS AND PROVIDING HELP IN APPLYING FOR FEDERAL AND STATE FINANCIAL AID. TG CALL CENTERS ASSIST BOTH ENGLISH AND SPANISH SPEAKING STUDENTS AND FAMILIES. IN ADDITION, TG PROVIDES SUPPORT TO SCHOOLS SO THAT THEY HAVE THE POLICY AND TRAINING RESOURCES TO DO THEIR JOBS EFFECTIVELY. TG OFFERS MULTIPLE RESOURCES AND SERVICES TO HELP INCLUDING AN EXPERIENCED RESEARCH TEAM, VETERAN TRAINERS PROFICIENT IN FEDERAL AID AND INDUSTRY ISSUES, AND TG'S OWN ONLINE TRAINING RESOURCES CREATED TO EDUCATE SCHOOL PROFESSIONALS IN THE DETAIL OF INDUSTRY PRACTICE. TG'S RESEARCH TEAM CONTINUES TO DELIVER ITS ANNUAL STATE OF STUDENT AID AND HIGHER EDUCATION IN TEXAS, WHICH PROVIDES KEY FACTS ON COLLEGE ENROLLMENT AND GRADUATION AND OFFERS A PICTURE OF TEXAS' HIGHER EDUCATION LANDSCAPE, INCLUDING COLLEGE COSTS AND STUDENT INDEBTEDNESS. ALSO IN 2012, THE TEAM PRODUCED A COMPREHENSIVE PAPER THAT CONSIDERED HOW A STUDENT'S CHOICE OF MAJOR CAN AFFECT HIS OR HER ABILITY TO REPAY EDUCATION DEBT. THE PAPER CONSIDERS THE DEBT-TO-INCOME RATIOS FOR THE MOST POPULAR MAJORS IN THE U.S. AND TEXAS. TG'S RESEARCH TEAM WAS INVITED TO PRESENT ITS FINDINGS TO THE FEDERAL RESERVE BOARD IN APRIL 2012. AS A FOLLOW UP, TG BEGAN DEVELOPMENT OF AN ONLINE TOOL TO SUPPLEMENT THE PAPER, THE DEBT-TO-INCOME CALCULATOR, WHICH PROVIDES BORROWERS WITH AN ESTIMATE OF POTENTIAL MEDIAN DEBT-TO-INCOME RATIOS FOR CERTAIN MAJORS AT MANY PUBLIC COLLEGES AND PROPRIETARY INSTITUTIONS WITH IN TEXAS. TG CONTINUED ITS CORPORATE PHILANTHROPY IN 2012 BY AWARDING $5 MILLION IN CHARLEY WOOTAN GRANTS TO STUDENTS WITH FINANCIAL NEED AND $3.7 MILLION IN COMPETITIVE GRANTS TO 29 INSTITUTIONS AND NON-PROFITS TO ADVANCE ACCESS TO COLLEGE, STUDENT RETENTION, AND EDUCATIONAL RESEARCH, AND CONTRIBUTING $3.1 MILLION TO THE TEXAS-SCIENCE, TECHNOLOGY, ENGINEERING AND MATHEMATICS (T-STEM) PROGRAM AND $10 MILLION TO THE TEXAS GRANT PROGRAM TO ASSIST IN MEETING QUALIFIED TEXAS STUDENTS' FINANCIAL NEEDS. FORM 990, PART III, LINE 4D: 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 STUDENT DEFAULT RATES, A CONSIDERATION FOR MAINTAINING ELIGIBILITY TO PARTICIPATE IN FEDERAL STUDENT LOAN PROGRAMS. IN FY12, THE DEFAULT PREVENTION TEAM HELPED 353,000 BORROWERS WITH DELINQUENT LOANS RETURN TO REPAYMENT, AVERTING FROM DEFAULT APPROXIMATELY $4.9 BILLION. AS A RESULT, MORE BORROWERS RETURN TO AND MAKE PROGRESS IN REPAYMENT, WHICH ALLOWS THE BORROWERS TO AVOID THE NEGATIVE CONSEQUENCES OF DEFAULT, INCLUDING DAMAGED CREDIT, THE LOSS OF ELIGIBILITY FOR FEDERAL STUDENT AID AND THE HIGH COST OF COLLECTION FEES.
GOVERNING BODY AND MANAGEMENT FORM 990, PART VI, SECTION A: 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 11B: 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 OFFICERS, KEY EMPLOYEES, PLUS A CROSS SECTION OF EXEMPT, NON-EXEMPT AND TECHNOLOGY POSITIONS 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 ----------------------------------------------------------------------- EDUCATION ASSISTANCE SVCS DEBT COLLECTOR 2,802,121. 3500 C WADLEY PL STE 301 AUSTIN, TX 78728 ACCOUNT CONTROL TECHNOLOGIES DEBT COLLECTOR 2,771,341. 6818 OWENSMOUTH AVE CANOGA PARK, CA 91309 GENERAL REVENUE CORP DEBT COLLECTOR 2,417,036. 11501 NORTHLAKE PL CINCINNATI, OH 45249 REGIONAL ADJUSTMENT BUREAU DEBT COLLECTOR 1,998,211. 3009 DAVIS PLANTATION ARLINGTON, TX 38002 VAN RU CREDIT CORP DEBT COLLECTOR 1,348,596. BOX 1109 SKOKIE, IL 60076-5109 --------------- TOTAL COMPENSATION 11,337,305. ---------------
GENERAL STATEMENT 4 FORM 990, PART XI, LINE 5 OTHER CHANGES IN NET ASSETS OR FUND BALANCES DURING THE YEAR UNREALIZED LOSS ON INVESTMENTS $8,688,366
HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:SUE C. MCMILLIN TITLE:PRESIDENT/CEO HOURS:4
HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:CAROL N. LINDSEY TITLE:VP/POLICY & COMPLIANCE HOURS:19
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 51056K
Schedule O (Form 990 or 990-EZ) 2011

Additional Data


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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
2011
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) 2011
Schedule R (Form 990) 2011
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 NA
  		C 3,179,821 898,967 100.000 %












Schedule R (Form 990) 2011
Schedule R (Form 990) 2011
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 related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1b
Yes
 
c Gift, grant, or capital contribution from related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1c
 
No
d Loans or loan guarantees to or for related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1d
 
No
e Loans or loan guarantees by related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1e
 
No
f Sale of assets to related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1f
 
No
g Purchase of assets from related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1g
 
No
h Exchange of assets with related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1h
 
No
i Lease of facilities, equipment, or other assets to related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1i
Yes
 
j Lease of facilities, equipment, or other assets from related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . .
1j
 
No
k Performance of services or membership or fundraising solicitations for related organization(s) . . . . . . . . . . . . . . . . . . . .
1k
Yes
 
l Performance of services or membership or fundraising solicitations by related organization(s) . . . . . . . . . . . . . . . . . . . .
1l
Yes
 
m Sharing of facilities, equipment, mailing lists, or other assets with related organization(s) . . . . . . . . . . . . . . . . . . . . .
1m
 
No
n Sharing of paid employees with related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1n
Yes
 
o Reimbursement paid to related organization(s) for expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1o
 
No
p Reimbursement paid by related organization(s) for expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1p
 
No
q Other transfer of cash or property to related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1q
 
No
r Other transfer of cash or property from related 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 42,942 FMV
(2) EDUCATION ASSISTANCE SERVICES INC

 B 350,000 FMV
(3) EDUCATION ASSISTANCE SERVICES INC

 K,N 213,049 FMV
(4) EDUCATION ASSISTANCE SERVICES INC

 L 3,172,524 FMV
(5)
(6)
Schedule R (Form 990) 2011
Schedule R (Form 990) 2011
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)
Predominant income(related, unrelated, excluded from tax under sections 512-514)

(e)
Are all
partners
section
501(c)(3)
organizations? 		(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 Yes No






























Schedule R (Form 990) 2011
Schedule R (Form 990) 2011
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


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