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 private foundations)
MediumBullet Do not enter Social Security numbers on this form as it may be made public. By law, the IRS
generally cannot redact the information on the form.
MediumBullet Information about Form 990 and its instructions is at www.IRS.gov/form990.
OMB No. 1545-0047
2013
Open to Public Inspection
A For the 2013 calendar year, or tax year beginning 10-01-2013 , 2013, and ending 09-30-2014
BCheck if applicable:
CName of organization
UNITED STUDENT AID FUNDS INC
 
Doing Business As
 
 
Number and street (or P.O. box if mail is not delivered to street address)
9998 CROSSPOINT BLVD NO 400
 
Room/suite
City or town, state or province, country, and ZIP or foreign postal code
INDIANAPOLIS, IN462563307
D Employer identification number

94-6050341
E Telephone number

G Gross receipts $ 977,488,310
F Name and address of principal officer:
WILLIAM HANSEN
9998 CROSSPOINT BLVD NO 400
INDIANAPOLIS,IN462563307
I
Tax-exempt status: (   ) LeftBullet (insert no.) or
J
Website:MediumBullet
WWW.USAFUNDS.ORG
H(a)
Is this a group return for
subordinates?
H(b)
Are all subordinates
included?
If "No," attach a list. (see instructions)
H(c)
Group exemption number MediumBullet  
K Form of organization:
 
L Year of formation: 1960
M State of legal domicile: DE
Part I
Summary
Activities & Governance 1 Briefly describe the organization’s mission or most significant activities: TO ENHANCE POSTSECONDARY EDUCATION PREPAREDNESS, ACCESS AND SUCCESS.
2 Check this box MediumBullet
3 Number of voting members of the governing body (Part VI, line 1a) ........ 3 12
4 Number of independent voting members of the governing body (Part VI, line 1b) ..... 4 10
5 Total number of individuals employed in calendar year 2013 (Part V, line 2a) ...... 5 186
6 Total number of volunteers (estimate if necessary) ............. 6 0
7a Total unrelated business revenue from Part VIII, column (C), line 12 ........ 7a 0
b Net unrelated business taxable income from Form 990-T, line 34 ......... 7b 0
Revenues Prior Year Current Year
8 Contributions and grants (Part VIII, line 1h) ......... 147,909 5,221
9 Program service revenue (Part VIII, line 2g) ......... 496,160,542 547,262,952
10 Investment income (Part VIII, column (A), lines 3, 4, and 7d ) .... 24,016,623 46,052,701
11 Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11e) 0 0
12 Total revenue—add lines 8 through 11 (must equal Part VIII, column (A), line 12)................... 520,325,074 593,320,874
Expenses; 13 Grants and similar amounts paid (Part IX, column (A), lines 1–3 )... 10,619,050 24,178,386
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) 23,243,599 29,665,932
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–24e).... 360,760,817 375,134,025
18 Total expenses. Add lines 13–17 (must equal Part IX, column (A), line 25) 394,623,466 428,978,343
19 Revenue less expenses. Subtract line 18 from line 12....... 125,701,608 164,342,531
Net Assets or Fund Balances; Beginning of Current Year End of Year
20 Total assets (Part X, line 16)............. 1,179,323,205 1,288,047,474
21 Total liabilities (Part X, line 26)............. 332,483,301 256,555,323
22 Net assets or fund balances. Subtract line 21 from line 20..... 846,839,904 1,031,492,151
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 MediumBullet

Firm's EIN MediumBullet
Firm's address MediumBullet



Phone no.
May the IRS discuss this return with the preparer shown above? (see instructions) ............
For Paperwork Reduction Act Notice, see the separate instructions.
Cat. No. 11282Y
Form 990 (2013)
Form 990 (2013)
Page 2
Part III
Statement of Program Service Accomplishments
Check if Schedule O contains a response or note to any line in this Part III ..............
1
Briefly describe the organization’s mission: USA FUNDS' MISSION IS TO ENHANCE POSTSECONDARY EDUCATION PREPAREDNESS, ACCESS AND SUCCESS BY PROVIDING AND SUPPORTING FINANCIAL AND OTHER VALUED SERVICES.
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 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 $ 30,007,693 including grants of $   ) (Revenue $ 37,008,460 )
GUARANTEE SERVICES - USA FUNDS MAINTAINS A PORTFOLIO OF OVER $ 56.8 BILLION IN OUTSTANDING EDUCATIONAL LOAN GUARANTEES IN ACCORDANCE WITH THE HIGHER EDUCATION ACT OF 1965, AS AMENDED.
4b (Code:   ) (Expenses $ 14,863,283 including grants of $   ) (Revenue $ 17,783,059 )
DEFAULT AVERSION - USA FUNDS WORKED WITH BORROWERS AND SUCCESSFULLY AVERTED DEFAULTS ON OVER $20.5 BILLION OF DELINQUENT EDUCATIONAL LOANS REPORTED BY LENDERS IN THE CURRENT YEAR.
4c (Code:   ) (Expenses $ 316,736,637 including grants of $   ) (Revenue $ 452,781,046 )
COLLECTION ON DEFAULTED LOANS - USA FUNDS SUCCESSFULLY COLLECTED OVER $1.7 BILLION ON DEFAULTED EDUCATIONAL LOANS IN THE CURRENT YEAR.
(Code:   ) (Expenses $ 33,687,481 including grants of $ 24,178,386 ) (Revenue $ 39,690,387 )
INCLUDES OTHER GUARANTOR REVENUES, AS DEFINED BY THE US HIGHER EDUCATION ACT AND ADMINISTRATIVE FEES CHARGED TO RELATED TAX EXEMPT ORGANIZATIONS.
4d Other program services (Describe in Schedule O.)
(Expenses $ 33,687,481 including grants of $ 24,178,386 ) (Revenue $ 39,690,387 )
4e Total program service expensesMediumBullet395,295,094
Form 990 (2013)
Form 990 (2013)
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 (see instructions)? 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, or have a section 501(h) election in effect during the tax year? 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 for escrow or custodial account liability; 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, line 10?
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 VIIClick to see attachment.......
11b
Yes
 
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 VIIIClick 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 IXClick to see attachment............
11d
Yes
 
e
Did the organization report an amount for other liabilities in Part X, line 25? If "Yes," complete Schedule D, Part XClick to see attachment
11e
 
No
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 XClick to see attachment.........................
11f
Yes
 
12a
Did the organization obtain separate, independent audited financial statements for the tax year?
If "Yes," complete Schedule D, Parts XI and XII 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 and XII 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, Parts I and IV......... Click to see attachment
14b
Yes
 
15
Did the organization report on Part IX, column (A), line 3, more than $5,000 of grants or other assistance to or for any foreign organization? If “Yes,” complete Schedule F, Parts II and IVClick to see attachment
15
 
No
16
Did the organization report on Part IX, column (A), line 3, more than $5,000 of aggregate grants or other assistance to or for foreign individuals? If “Yes,” complete Schedule F, Parts III and IV... Click to see attachment
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 (see instructions)....
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 hospital facilities? If "Yes," complete Schedule H....
20a
 
No
b
If "Yes" to line 20a, did the organization attach a copy of its audited financial statements to this return?
20b
 
 
Form 990 (2013)
Form 990 (2013)
Page 4
Part IV
Checklist of Required Schedules (continued)
21
Did the organization report more than $5,000 of grants or other assistance to any domestic organization or government 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 or 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
Yes
 
23
Did the organization answer "Yes" to Part VII, Section A, line 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 lines 24b through 24d and complete Schedule K. If “No,” go to line 25a................
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........ Click to see attachment
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................... Click to see attachment
25b
 
No
26
Did the organization report any amount on Part X, line 5, 6, or 22 for receivables from or payables to any current or former officers, directors, trustees, key employees, highest compensated employees, or disqualified persons? If so, complete Schedule L, Part II.................... Click to see attachment
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......... Click to see attachment
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 .......................... Click to see attachment
28a
 
No
b
A family member of a current or former officer, director, trustee, or key employee? If "Yes,"
complete Schedule L, Part IV..................... Click to see attachment
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 direct or indirect owner? If "Yes," complete Schedule L, Part IV... Click to see attachment
28c
Yes
 
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, Part II, III, or IV, and Part 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 11b and 19? Note. All Form 990 filers are required to complete Schedule O. ............
38
Yes
 
Form 990 (2013)
Form 990 (2013)
Page 5
Part V
Statements Regarding Other IRS Filings and Tax Compliance
Check if Schedule O contains a response or note to any line in this Part V ..............
Yes
No
1a
Enter the number reported in Box 3 of Form 1096 Enter -0- if not applicable ..
1a
113
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
186
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
 
No
b
If “Yes,” has it filed a Form 990-T for this year? If “No” to line 3b, provide an explanation in Schedule O...
3b
 
 
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, securities account, or other financial 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 as charitable contributions?...
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. See the instructions for additional information the organization must report on Schedule O.
13a
 
 
b
Enter the 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 amount of reserves on hand ............
13c
 
14a
Did the organization receive any payments for indoor tanning services during the tax year?.....
14a
 
No
b
If "Yes," has it filed a Form 720 to report these payments? If "No," provide an explanation in Schedule O..
14b
 
 
Form 990 (2013)
Form 990 (2013)
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 or note to any line in this Part VI ..............
Section A. Governing Body and Management
Yes
No
1a
Enter the number of voting members of the governing body at the end of the tax year .....................
1a
12
If there are material differences in voting rights among members of the governing body, or if the governing body delegated broad authority to an executive committee or similar committee, explain in Schedule O.
b
Enter the number of voting members included in line 1a, above, who are independent ...................
1b
10
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
Yes
 
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
 
No
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 this 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
AZ , CA , IL , IN , OR
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:
MediumBulletDEBORAH L MCCLOUD9998 CROSSPOINT BLVD SUITE 400INDIANAPOLISIN462563307 (317) 806-1231
Form 990 (2013)
Form 990 (2013)
Page 7
Part VII
Compensation of Officers, Directors,Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors
Check if Schedule O contains a response or note to any line 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. 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 organization compensated any current officer, director, or trustee.
(A)
Name and Title 		(B)
Average hours per week (list any hours for related organizations below dotted line) 		(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; OfficerInd; Key Employee; Highest compensated employee; FormerOfcrDirectorTrusteeInd;
(1) IKE BATALIS........................................................................
BOARD MEMBER
 8.00
.......................0.00 		X           83,514 0 0
(2) REV WILLIAM BEAUCHAMP........................................................................
BOARD MEMBER
 7.00
.......................1.00 		X           43,900 0 0
(3) BLAKE DEVITT........................................................................
BOARD MEMBER
 6.00
.......................0.00 		X           75,500 0 0
(4) MARSHALL GRIGSBY........................................................................
BOARD MEMBER
 6.00
.......................0.00 		X           85,806 0 0
(5) NORMAN LEFSTEIN........................................................................
BOARD MEMBER
 5.00
.......................0.00 		X           65,306 0 0
(6) ILENE NAGEL........................................................................
BOARD MEMBER
 7.00
.......................0.00 		X           55,648 0 0
(7) WILLIAM NEALE........................................................................
BOARD MEMBER
 6.00
.......................0.00 		X           75,806 0 0
(8) ERNEST NEWBORN II........................................................................
BOARD MEMBER
 7.00
.......................0.00 		X           74,898 0 0
(9) EDWARD SCHMIDT........................................................................
BOARD MEMBER
 6.00
.......................0.00 		X           93,708 0 0
(10) ERIK MORENO........................................................................
BOARD MEMBER
 6.00
.......................0.00 		X           57,750 0 0
(11) MARLENE COULIS........................................................................
BOARD MEMBER
 6.00
.......................0.00 		X           66,148 0 0
(12) WILLIAM HANSEN........................................................................
PRESIDENT & CEO
 40.00
.......................1.00 		X   X       434,207 0 37,536
(13) STEPHEN C HAM........................................................................
EVP & CFO
 41.00
.......................3.00 		    X       578,254 0 79,527
(14) DAVID B BOODT........................................................................
EVP & GENERAL COUNSEL
 37.00
.......................3.00 		    X       426,402 0 71,492
(15) DENISE B FESER........................................................................
VP SCH & STUDENT SERV THRU 12/31/13
 40.00
.......................5.00 		    X       412,023 0 50,977
(16) GREGORY AYERS........................................................................
SVP GOV'T SERV & ADMIN
 40.00
.......................1.00 		    X       286,788 0 64,552
(17) ROBERT BALLARD........................................................................
SVP ACCESS & OUTREACH
 40.00
.......................0.00 		    X       337,775 0 59,310
Form 990 (2013)
Form 990 (2013)
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 (list any hours for related organizations below dotted line) 		(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; OfficerInd; Key Employee; Highest compensated employee; FormerOfcrDirectorTrusteeInd;
(18) TERRY MUILENBURG........................................................................
SVP GOV'T RELATIONS
 40.00
.......................0.00 		    X       487,995 0 72,277
(19) CAROL D'AMICO........................................................................
EVP NAT ENG & MISS ADV
 40.00
.......................0.00 		    X       75,292 0 7,521
(20) MARK PELESH........................................................................
EVP CORP & BUS DEV
 40.00
.......................0.00 		    X       103,294 0 10,105
(21) LARRY LUTZ........................................................................
SVP STUDENT FIN PROG
 40.00
.......................0.00 		    X       31,658 0 2,343
(22) DEBORAH MCCLOUD........................................................................
VP & CONTROLLER
 40.00
.......................0.00 		      X     181,002 0 49,778
(23) LEONARD GURIN........................................................................
VP CASH & INVESTMENTS
 40.00
.......................0.00 		      X     176,656 0 46,477
(24) JONI M ANDERSON........................................................................
VP & SR CORP COUNSEL
 26.00
.......................14.00 		        X   193,035 0 45,338
(25) KAREN L DEVILLA........................................................................
SENIOR PROGRAM OFFICER
 10.00
.......................30.00 		        X   64,833 121,258 48,778
(26) HENRY L FERNANDEZ........................................................................
SENIOR PROGRAM OFFICER
 40.00
.......................0.00 		        X   201,507 0 50,206
(27) DAVID C LONG........................................................................
VP OF SALES
 40.00
.......................0.00 		        X   204,514 0 49,696
(28) CHERYL L PEARSON........................................................................
BUSINESS DEVELOPMENT
 40.00
.......................0.00 		        X   191,281 0 17,480
(29) CARL C DALSTROM........................................................................
FORMER PRESIDENT & CEO
 0.00
.......................0.00 		          X 1,741,661 0 61,727


1b Sub-Total................MediumBullet
c Total from continuation sheets to Part VII, Section A....MediumBullet
d Total (add lines 1b and 1c)............MediumBullet 6,906,161 121,258 825,120
2
Total number of individuals (including but not limited to those listed above) who received more than $100,000 of reportable compensation from the organizationMediumBullet54
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
Yes
 
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
NAVIENT11100 USA PARKWAYFISHERSIN46038 GUARANTOR SERVICES 337,604,644
STUDENT ASSISTANCE CORPORATION11100 USA PARKWAYFISHERSIN46038 DEFAULT AVERSION ACTIVITIES 3,644,111
LANDMARK MEDIA ENTERPRISES LLC150 WEST BRAMBLETON AVENUENORFOLKVA235102075 DATA HOSTING 542,363
CARMEL SOLUTIONS LLC987 KEYSTONE WAYCARMELIN46032 MISC. PROFESSIONAL FEES 420,000
ERNST & YOUNG111 MONUMENT CIR 2600INDIANAPOLISIN46204 ACCOUNTING AND AUDIT SERVICES 391,721
2
Total number of independent contractors (including but not limited to those listed above) who received more than $100,000 of compensation from the organization MediumBullet26
Form 990 (2013)
Form 990 (2013)
Page 9
Part VIII
Statement of Revenue
Check if Schedule O contains a response or note to any line in this Part VIII .............
(A)
Total revenue 		(B)
Related or
exempt
function
revenue 		(C)
Unrelated
business
revenue 		(D)
Revenue
excluded from
tax under sections
512-514
Contributions, Gifts, GrantAmt and OtherAmt Similar Amounts 1a Federated campaigns..1a  
b Membership dues....1b  
c Fundraising events....1c  
d Related organizations...1d  
e Government grants (contributions)1e 5,221
f All other contributions, gifts, grants, and
similar amounts not included above1f 		 
g Noncash contributions included in lines
1a-1f:$ 		 
h Total. Add lines 1a-1f.......MediumBullet 5,221
Program Service RevenueAmt Business Code
2a COLLECTIONS ON DEFAULT 522200 452,781,046 452,781,046    
b GUARANTEE SERVICES 522200 37,008,460 37,008,460    
c DEFAULT AVERSION FEES 522200 17,783,059 17,783,059    
d
e
f All other program service revenue . 39,690,387 39,690,387    
g Total. Add lines 2a–2f........MediumBullet 547,262,952
OtherAmt RevenueAmt 3 Investment income (including dividends, interest, and other similar amounts).......MediumBullet 17,729,082     17,729,082
4 Income from investment of tax-exempt bond proceeds..MediumBullet        
5 Royalties...........MediumBullet        
(i) Real (ii) Personal
6a Gross rents    
b Less: rental expenses    
c Rental income or (loss)    
d Net rental income or (loss).......MediumBullet        
(i) Securities (ii) Other
7a Gross amount from sales of assets other than inventory 400,829,518 11,661,537
b Less: cost or other basis and sales expenses 384,167,436 0
c Gain or (loss) 16,662,082 11,661,537
d Net gain or (loss)..........MediumBullet 28,323,619     28,323,619
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      
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        
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        
Miscellaneous Revenue Business Code
11a            
b            
c            
d All other revenue ....        
e Total. Add lines 11a–11d ...... MediumBullet  
12 Total revenue. See Instructions......MediumBullet 593,320,874 547,262,952 0 46,052,701
Form 990 (2013)
Form 990 (2013)
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).Check if Schedule O contains a response or note to any line 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 23,928,386 23,928,386
2 Grants and other assistance to individuals in the United States. See Part IV, line 22 250,000 250,000
3 Grants and other assistance to governments, organizations, and individuals outside the United States. See Part IV, lines 15 and 16    
4 Benefits paid to or for members    
5 Compensation of current officers, directors, trustees, and key employees .... 4,492,408   4,492,408  
6 Compensation not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B) ....        
7 Other salaries and wages 19,364,847 4,833,102 14,531,745  
8 Pension plan accruals and contributions (include section 401(k) and 403(b) employer contributions) .... 556,560 123,590 432,970  
9 Other employee benefits ....... 4,049,930 893,724 3,156,206  
10 Payroll taxes ........... 1,202,187 364,902 837,285  
11 Fees for services (non-employees):        
a Management ......        
b Legal ......... 758,870 260,227 498,643  
c Accounting ........... 394,902   394,902  
d Lobbying ........... 160,131   160,131  
e Professional fundraising services. See Part IV, line 17    
f Investment management fees ...... 699,845   699,845  
g Other (If line 11g amount exceeds 10% of line 25, column (A) amount, list line 11g expenses on Schedule O) ........ 4,375,896 1,591,884 2,784,012  
12 Advertising and promotion .... 468,456 49,995 418,461  
13 Office expenses ....... 111,937 35,606 76,331  
14 Information technology ...... 2,132,960 862,430 1,270,530  
15 Royalties ..        
16 Occupancy ........... 1,075,005   1,075,005  
17 Travel ............ 1,135,590 285,616 849,974  
18 Payments of travel or entertainment expenses for any federal, state, or local public officials ......        
19 Conferences, conventions, and meetings .... 751,935 165,449 586,486  
20 Interest ........... 4,836   4,836  
21 Payments to affiliates .......        
22 Depreciation, depletion, and amortization ..... 462,416   462,416  
23 Insurance .............. 355,968   355,968  
24 Other expenses. Itemize expenses not covered above (List miscellaneous expenses in line 24e. If line 24e amount exceeds 10% of line 25, column (A) amount, list line 24e expenses on Schedule O.)
a COLLECTION EXPENSE 316,736,637 316,736,637 0 0
b ACCT. MAINT. & ISSUANCE 30,007,693 30,007,693 0 0
c DEFAULT AVERSION FEES 14,863,283 14,863,283 0 0
d DUES & ASSOCIATION FEES 462,930 26,048 436,882 0
e All other expenses 174,735 16,522 158,213  
25 Total functional expenses. Add lines 1 through 24e 428,978,343 395,295,094 33,683,249 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 (2013)
Form 990 (2013)
Page 11
Part X Balance Sheet Check if Schedule O contains a response or note to any line in this Part X ..............
(A)
Beginning of year 		(B)
End of year
Assets 1 Cash–non-interest-bearing .............   1  
2 Savings and temporary cash investments ......... 55,946,927 2 31,158,138
3 Pledges and grants receivable, net ...........   3  
4 Accounts receivable, net ............. 53,052,631 4 47,349,328
5 Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees. Complete Part II of
Schedule L ..................
  5  
6 Loans and other receivables from other disqualified persons (as defined under section 4958(f)(1)), persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees' beneficiary organizations (see instructions) Complete Part II of Schedule L
  6  
7 Notes and loans receivable, net .............   7  
8 Inventories for sale or use ..............   8  
9 Prepaid expenses and deferred charges .......... 35,195,646 9 23,568,794
10a Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D 10a 3,354,386
b Less: accumulated depreciation ..... 10b 2,433,197 1,379,348 10c 921,189
11 Investments—publicly traded securities .......... 502,004,563 11 485,381,213
12 Investments—other securities. See Part IV, line 11 ..... 318,930,457 12 471,022,131
13 Investments—program-related. See Part IV, line 11 .....   13  
14 Intangible assets ...............   14  
15 Other assets. See Part IV, line 11 ........... 212,813,633 15 228,646,681
16 Total assets. Add lines 1 through 15 (must equal line 34)...... 1,179,323,205 16 1,288,047,474
Liabilities 17 Accounts payable and accrued expenses ......... 96,518,256 17 57,178,942
18 Grants payable ................. 2,210,121 18 14,326,760
19 Deferred revenue ................ 41,037,351 19 27,881,459
20 Tax-exempt bond liabilities .............   20  
21 Escrow or custodial account liability. Complete Part IV of Schedule D.. 192,717,573 21 157,168,162
22 Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified
persons. Complete Part II of Schedule L..........   22  
23 Secured mortgages and notes payable to unrelated third parties ..   23  
24 Unsecured notes and loans payable to unrelated third parties ....   24  
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....................   25 0
26 Total liabilities. Add lines 17 through 25......... 332,483,301 26 256,555,323
Net Assets or Fund Balance Organizations that follow SFAS 117 (ASC 958), check here MediumBullet and complete lines 27 through 29, and lines 33 and 34.
27 Unrestricted net assets .............. 846,839,904 27 1,031,492,151
28 Temporarily restricted net assets ...........   28 0
29 Permanently restricted net assets ...........   29 0
Organizations that do not follow SFAS 117 (ASC 958), check here MediumBullet and complete lines 30 through 34.
30 Capital stock or trust principal, or current funds ........   30  
31 Paid-in or capital surplus, or land, building or equipment fund .....   31  
32 Retained earnings, endowment, accumulated income, or other funds   32  
33 Total net assets or fund balances ........... 846,839,904 33 1,031,492,151
34 Total liabilities and net assets/fund balances ........ 1,179,323,205 34 1,288,047,474
Form 990 (2013)
Form 990 (2013)
Page 12
Part XI
Reconcilliation of Net Assets
Check if Schedule O contains a response or note to any line in this Part XI ..............
1
Total revenue (must equal Part VIII, column (A), line 12) ............
1
593,320,874
2
Total expenses (must equal Part IX, column (A), line 25) ............
2
428,978,343
3
Revenue less expenses. Subtract line 2 from line 1 ..............
3
164,342,531
4
Net assets or fund balances at beginning of year (must equal Part X, line 33, column (A)) ..
4
846,839,904
5
Net unrealized gains (losses) on investments ...............
5
6,804,478
6
Donated services and use of facilities .................
6
 
7
Investment expenses .....................
7
 
8
Prior period adjustments .....................
8
 
9
Other changes in net assets or fund balances (explain in Schedule O) ........
9
13,505,238
10
Net assets or fund balances at end of year. Combine lines 3 through 9 (must equal Part X, line 33, column (B))
10
1,031,492,151
Part XII
Financial Statements and Reporting
Check if Schedule O contains a response or note to any line 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
If ‘Yes,’ check a box below to indicate whether the financial statements for the year were compiled or reviewed on a separate basis, consolidated basis, or both:
b
Were the organization’s financial statements audited by an independent accountant?
2b
Yes
 
If ‘Yes,’ check a box below to indicate whether the financial statements for the year were audited on a separate basis, consolidated basis, or both:
c
If "Yes," to line 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?
2c
Yes
 
If the organization changed either its oversight process or selection process during the tax year, explain in Schedule O.
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 (2013)
Form 990, Special Condition Description:
Special Condition Description
Additional Data


Software ID:  
Software Version:  
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.
right arrow Information about Schedule A (Form 990 or 990-EZ) and its instructions is at www.irs.gov/form990.
OMB No. 1545-0047
2013
Open to Public
Inspection
Name of the organization
UNITED STUDENT AID FUNDS INC
 
Employer identification number

94-6050341
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 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
Provide the following information about the supported organization(s).
(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 monetary support
Yes No Yes No Yes No
Total  

For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990EZ.
Cat. No. 11285F
Schedule A (Form 990 or 990-EZ) 2013
Schedule A (Form 990 or 990-EZ) 2013
Page 2
Part II
Support Schedule for Organizations Described in Sections 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) right arrow (a) 2009 (b) 2010 (c) 2011 (d) 2012 (e) 2013 (f) Total
1 Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") ....            
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            
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.  
Section B. Total Support
Calendar year (or fiscal year beginning in) right arrow (a) 2009 (b) 2010 (c) 2011 (d) 2012 (e) 2013 (f) Total
7 Amounts from line 4..            
8 Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources...            
9 Net income from unrelated business activities, whether or not the business is regularly carried on..            
10 Other income. Do not include gain or loss from the sale of capital assets (Explain in Part IV.)..            
11 Total support (Add lines 7 through 10).  
12
12
 
13
First five years. If the Form 990 is for the organization's first, second, third, fourth, or fifth tax year as a 501(c)(3) organization, check this box and stop here.................................................right arrow
Section C. Computation of Public Support Percentage
14
14
 
15
15
 
16a
b
17a
b
18
Private foundation. If the organization did not check a box on line 13, 16a, 16b, 17a, or 17b, check this box and see
instructions ..................................................... right arrow
Schedule A (Form 990 or 990-EZ) 2013
Schedule A (Form 990 or 990-EZ) 2013
Page 3
Part III
Support Schedule for Organizations Described in Section 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) right arrow (a) 2009 (b) 2010 (c) 2011 (d) 2012 (e) 2013 (f) Total
1 Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") .       147,909 5,221 153,130
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...... 395,343,051 392,137,408 419,207,130 496,160,542 547,262,952 2,250,111,083
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. 395,343,051 392,137,408 419,207,130 496,308,451 547,268,173 2,250,264,213
7a Amounts included on lines 1, 2, and 3 received from disqualified persons...       125,000   125,000
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.           0
c Add lines 7a and 7b..       125,000   125,000
8 Public support (Subtract line 7c from line 6.) 2,250,139,213
Section B. Total Support
Calendar year (or fiscal year beginning in) right arrow (a) 2009 (b) 2010 (c) 2011 (d) 2012 (e) 2013 (f) Total
9 Amounts from line 6... 395,343,051 392,137,408 419,207,130 496,308,451 547,268,173 2,250,264,213
10a Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources.. 10,018,941 14,372,724 15,931,613 17,783,084 17,729,082 75,835,444
b Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975.            
c Add lines 10a and 10b. 10,018,941 14,372,724 15,931,613 17,783,084 17,729,082 75,835,444
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.).. 405,361,992 406,510,132 435,138,743 514,091,535 564,997,255 2,326,099,657
14
Section C. Computation of Public Support Percentage
15
15
96.730 %
16
16
96.800 %
Section D. Computation of Investment Income Percentage
17
17
3.260 %
18
18
3.190 %
19a
b
20
Schedule A (Form 990 or 990-EZ) 2013
Schedule A (Form 990 or 990-EZ) 2013
Page 4
Part IV
Supplemental Information. Provide the explanations required by Part II, line 10; Part II, line 17a or 17b; and 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) 2013

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.
Arrow Bullet Information about Schedule B (Form 990, 990-EZ, or 990-PF) and its instructions is at www.irs.gov/form990.
OMB No. 1545-0047
2013
Name of the organization
UNITED STUDENT AID FUNDS INC
 
Employer identification number

94-6050341
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 its Form 990PF, Part I, line 2, 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) (2013)

Schedule B (Form 990, 990-EZ, or 990-PF) (2013)
Page 2
Name of organization
UNITED STUDENT AID FUNDS INC
  		Employer identification number

94-6050341
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, RESTRICTEDRESTRICTED

$RESTRICTED


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

   
 
 

$  


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

   
 
 

$  


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

   
 
 

$  


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

   
 
 

$  


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

   
 
 

$  


(Complete Part II for noncash contributions.)
Schedule B (Form 990, 990-EZ, or 990-PF) (2013)

Schedule B (Form 990, 990-EZ, or 990-PF) (2013)
Page 3
Name of organization
UNITED STUDENT AID FUNDS INC
  		Employer identification number

94-6050341
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) (2013)

Schedule B (Form 990, 990-EZ, or 990-PF) (2013)
Page 4
Name of organization
UNITED STUDENT AID FUNDS INC
  		Employer identification number

94-6050341
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) (2013)

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.SchCMd Bullet Information about Schedule C (Form 990 or 990-EZ) and its instructions is at www.irs.gov/form990.
OMB No. 1545-0047
2013
Open to Public
Inspection
If the organization answered "Yes" to Form 990, Part IV, Line 3, or Form 990-EZ, Part V, line 46 (Political Campaign Activities), then
Round Bullet Section 501(c)(3) organizations: Complete Parts I-A and B. Do not complete Part I-C.
Round Bullet Section 501(c) (other than section 501(c)(3)) organizations: Complete Parts I-A and C below. Do not complete Part I-B.
Round Bullet Section 527 organizations: Complete Part I-A only.
If the organization answered "Yes" to Form 990, Part IV, Line 4, or Form 990-EZ, Part VI, line 47 (Lobbying Activities), then
Round Bullet Section 501(c)(3) organizations that have filed Form 5768 (election under section 501(h)): Complete Part II-A. Do not complete Part II-B.
Round Bullet Section 501(c)(3) organizations that have NOT filed Form 5768 (election under section 501(h)): Complete Part II-B. Do not complete Part II-A.
If the organization answered "Yes" to Form 990, Part IV, Line 5 (Proxy Tax) or Form 990-EZ, Part V, line 35c (Proxy Tax), then
Round Bullet Section 501(c)(4), (5), or (6) organizations: Complete Part III.
Name of the organization
UNITED STUDENT AID FUNDS INC
 
Employer identification number

94-6050341
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
$ 0
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
$ 0
2
Enter the amount of any excise tax incurred by organization managers under section 4955 ......SchCMd Bullet
$ 0
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 Paperwork Reduction Act Notice, see the instructions for Form 990 or 990-EZ.
Cat. No. 50084S
Schedule C (Form 990 or 990-EZ) 2013

Schedule C (Form 990 or 990-EZ) 2013
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 SchCMd Bulletexpenses, and share of excess lobbying expenditures).
B Check SchCMd Bullet
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) .......    
c Total lobbying expenditures (add lines 1a and 1b) ...................    
d Other exempt purpose expenditures ........................    
e Total exempt purpose expenditures (add lines 1c and 1d) ...............    
f Lobbying nontaxable amount. Enter the amount from the following table in both
columns.		    
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) .................    
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) 2010 (b) 2011 (c) 2012 (d) 2013 (e) Total
2a Lobbying nontaxable amount          
b Lobbying ceiling amount
(150% of line 2a, column(e)) 		 
c Total lobbying expenditures          
d Grassroots nontaxable amount          
e Grassroots ceiling amount
(150% of line 2d, column (e))		  
f Grassroots lobbying expenditures          
Schedule C (Form 990 or 990-EZ) 2013


Schedule C (Form 990 or 990-EZ) 2013
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)
No
Yes
(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? .........................................
 
No
b
Paid staff or management (include compensation in expenses reported on lines 1c through 1i)? ....
Yes
 
c
Media advertisements? ....................................
 
No
 
d
Mailings to members, legislators, or the public? .........................
 
No
 
e
Publications, or published or broadcast statements? .......................
 
No
 
f
Grants to other organizations for lobbying purposes? .......................
 
No
 
g
Direct contact with legislators, their staffs, government officials, or a legislative body? ........
Yes
 
116,803
h
Rallies, demonstrations, seminars, conventions, speeches, lectures, or any similar means? ......
 
No
 
i
Other activities? ..........................
Yes
 
50,000
j
Total. Add lines 1c through 1i ...............................
166,803
2a
Did the activities in line 1 cause the organization to be not described in section 501(c)(3)? .....
 
No
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
Provide the descriptions required for Part l-A, line 1; Part l-B, line 4; Part l-C, line 5; Part II-A (affiliated group list); Part II-A, line 2; and Part ll-B, line 1. Also, complete this part for any additional information.
Return Reference Explanation
PART II-B, LINE 1: UNITED STUDENT AID FUNDS, INC. PAYS DUES TO THE UNITED STATES CHAMBER OF COMMERCE - A PORTION OF WHICH IS ALLOCABLE TO LOBBYING ACTIVITIES.
Schedule C (Form 990 or 990EZ) 2013

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. SchDMd Bullet Information about Schedule D (Form 990) and its instructions is at www.irs.gov/form990.
OMB No. 1545-0047
2013
Open to Public Inspection
Name of the organization
UNITED STUDENT AID FUNDS INC
 
Employer identification number

94-6050341
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 section 170(h)(4)(B)(ii)? .......................................
9
In Part XIII, 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 XIII, 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 Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 52283D
Schedule D (Form 990) 2013

Schedule D (Form 990) 2013
Page 2
Part III
Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets (continued)
3
Using the organization’s acquisition, 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 XIII.
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 XIII 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 XIII. Check here if the explanation has been provided in Part XIII ........
Part V
Endowment Funds. Complete if the organization answered "Yes" to Form 990, Part IV, line 10.
(a)Current year (b)Prior year b (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 current year end balance (line 1g, column (a)) 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 XIII the intended uses of the organization's endowment funds.
Part VI
Land, Buildings, and Equipment. Complete if the organization answered 'Yes' to Form 990, Part IV, line 11a. 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 .................      
b Buildings ................        
c Leasehold improvements ............   230,230 126,269 103,961
d Equipment ................   2,143,286 1,491,175 652,111
e Other .................   980,870 815,753 165,117
Total. Add lines 1a through 1e. (Column (d) must equal Form 990, Part X, column (B), line 10(c).).......SchDMdBullet 921,189
Schedule D (Form 990) 2013

Schedule D (Form 990) 2013
Page 3
Part VII
Investments—Other Securities. Complete if the organization answered 'Yes' to Form 990, Part IV, line 11b. 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    
(3)Other
(A) FIXED INCOME: U.S. AGENCY OBLIGATIONS 		3,431,347 F

(B) FIXED INCOME: CORPORATE BONDS 		140,352,813 F

(C) FIXED INCOME: ASSET-BACKED SECURITIES 		51,837,406 F

(D) FIXED INCOME: MUNICIPAL BONDS 		48,420,727 F

(E) OPTIONS: HEDGE FUNDS - EQUITY 		30,097,274 F

(F) OPTIONS: HEDGE FUNDS - FIXED INCOME 		21,220,812 F

(G) OPTIONS: PRIVATE EQUITIES 		11,378,375 F

(H) OPTIONS: LIMITED LIABILITY PARTNERSHIPS - EQUITY 		20,000,000 F

(I) OPTIONS: LIMITED LIABILITY PARTNERSHIPS - FIXED INCOME 		22,547,070 F

(J) OPTIONS: LIMITED LIABILITY CORPORATIONS - EQUITY 		83,419,576 F

(K) OPTIONS: LIMITED LIABILITY CORPORATIONS - FIXED INCOME 		36,010,306 F

(L) OPTIONS: POOLED SEPARATE ACCOUNT 		2,306,425 F
Total. (Column (b) must equal Form 990, Part X, col. (B) line 12.)Small Bullet 471,022,131
Part VIII
Investments—Program Related. Complete if the organization answered 'Yes' to Form 990, Part IV, line 11c. See Form 990, Part X, line 13.
(a) Description of investment (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. Complete if the organization answered 'Yes' to Form 990, Part IV, line 11d. See Form 990, Part X, line 15.
(a) Description (b) Book value
(1) RECEIVABLE FROM FED FUND 71,002,651
(2) ASSETS HELD ON BEHALF OF FED RESERVE 157,168,162
(3) DUE FROM AFFILIATES 423,929
(4) DEFAULTED LOANS PURCHASED 51,939





Total. (Column (b) must equal Form 990, Part X, col.(B) line 15.)...........Small Bullet 228,646,681
Part X
Other Liabilities. Complete if the organization answered 'Yes' to Form 990, Part IV, line 11e or 11f. See Form 990, Part X, line 25.
1.(a) Description of liability (b) Book value
Federal income taxes  








Total. (Column (b) must equal Form 990, Part X, col.(B) line 25.)Small Bullet  
2. Liability for uncertain tax positions In Part XIII, 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 (ASC 740). Check here if the text of the footnote has been provided in Part XIII ..................................................
Schedule D (Form 990) 2013

Schedule D (Form 990) 2013
Page 4
Part XI Reconciliation of Revenue per Audited Financial Statements With Revenue per Return Complete if the organization answered 'Yes' to Form 990, Part IV, line 12a.
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 XIII.) ............ 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 XIII.) ........... 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 XII Reconciliation of Expenses per Audited Financial Statements With Expenses per Return. Complete if the organization answered 'Yes' to Form 990, Part IV, line 12a.
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 XIII.) ............ 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 XIII.) ............ 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 XIII
Supplemental Information
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, line 2; Part XI, lines 2d and 4b; and Part XII, lines 2d and 4b. Also complete this part to provide any additional information.
Return Reference Explanation
PART IV, LINE 2B: LIABILITIES INCURRED ON BEHALF OF THE FEDERAL RESERVE FUND.
PART X, LINE 2: PER THE CONSOLIDATED FINANCIAL STATEMENTS OF UNITED STUDENT AID FUNDS, INC., USA FUNDS ACCOUNTS FOR UNCERTAINTIES IN INCOME TAXES ON A MORE-LIKELY-THAN-NOT CRITERIA BASED ON THE POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THERE ARE NO UNCERTAINTIES THAT REQUIRE RECOGNITION OR DISCLOSURE AS OF SEPTEMBER 30, 2014 AND 2013.
Schedule D (Form 990) 2013

Additional Data


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Software Version:  




SCHEDULE F(Form 990)
Department of the Treasury
Internal Revenue Service
Statement of Activities Outside the United States
Right pointing arrow large image Complete if the organization answered "Yes" to Form 990,Part IV, line 14b, 15, or 16.Right pointing arrow large image Attach to Form 990. Right pointing arrow large image See separate instructions.Right pointing arrow large image Information about Schedule F (Form 990) and its instructions is at www.irs.gov/form990.
OMB No. 1545-0047
2013
Open to Public Inspection
Name of the organization
UNITED STUDENT AID FUNDS INC
 
Employer identification number

94-6050341
Part I
General Information on Activities Outside the United States. Complete if the organization answered "Yes" to Form 990, Part IV, line 14b.
1
For grantmakers.Does the organization maintain records to substantiate the amount of its grants and
other assistance, the grantees’ eligibility for the grants or assistance, and the selection criteria used
to award the grants or assistance? ...............................
2
For grantmakers. Describe in Part V the organization’s procedures for monitoring the use of its grants and other assistance outside the United States.
3
Activites per Region. (The following Part I, line 3 table can be duplicated if additional space is needed.)
(a) Region (b) Number of offices in the region (c) Number of employees, agents, and independent contractors in region (d) Activities conducted in region (by type) (e.g., fundraising, program services, investments, grants to recipients located in the region) (e) If activity listed in (d) is a program service, describe specific type of
service(s) in region		 (f) Total expenditures
for and investments
in region
CENTRAL AMERICA & THE CARIBBEAN     INVESTMENTS   44,145,307
EUROPE (INCLUDING ICELAND & GREENLAND)     INVESTMENTS   2,702,206
NORTH AMERICA     INVESTMENTS   4,371,062
EAST ASIA AND THE PACIFIC     INVESTMENTS   1,014,995
           
           
           
           
           
           
           
           
           
           
           
           
           
3a Sub-total ..... 0 0 52,233,570
b Total from continuation sheets to Part I ... 0 0 0
c Totals (add lines 3a and 3b) 0 0 52,233,570
For Paperwork Reduction Act Notice, see the Instructions for Form 990.Cat. No. 50082W Schedule F (Form 990) 2013
Schedule F (Form 990) 2013
Page 2
Part II
Grants and Other Assistance to Organizations or Entities Outside the United States. Complete if the organization answered "Yes" to Form 990, Part IV, line 15, for any recipient who received more than $5,000. Part II can be duplicated if additional space is needed.
1 (a) Name of organization (b) IRS code section
and EIN (if applicable)		 (c) Region (d) Purpose of
grant 		(e) Amount of
cash grant 		(f) Manner of
cash
disbursement 		(g) Amount
of non-cash
assistance 		(h) Description
of non-cash
assistance 		(i) Method of
valuation
(book, FMV,
appraisal, other)
             
             
             
             
             
             
             
             
             
             
             
             
             
             
             
             
2 Enter total number of recipient organizations listed above that are recognized as charities by the foreign country, recognized as tax-exempt by the IRS, or for which the grantee or counsel has provided a section 501(c)(3) equivalency letter ....MediumBullet
 
3
Enter total number of other organizations or entities .......................MediumBullet
 
Schedule F (Form 990) 2013
Schedule F (Form 990) 2013Page 3
Part III
Grants and Other Assistance to Individuals Outside the United States. Complete if the organization answered "Yes" to Form 990, Part IV, line 16.
Part III can be duplicated if additional space is needed.
(a) Type of grant or assistance (b) Region (c) Number of recipients (d) Amount of
cash grant 		(e) Manner of cash
disbursement 		(f) Amount of
non-cash
assistance 		(g) Description
of non-cash
assistance 		(h) Method of
valuation
(book, FMV,
appraisal, other)
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
Schedule F (Form 990) 2013
Schedule F (Form 990) 2013
Page 4
Part IV
Foreign Forms
1 Was the organization a U.S. transferor of property to a foreign corporation during the tax year? If "Yes,"the organization may be required to file Form 926, Return by a U.S. Transferor of Property to a Foreign Corporation (see Instructions for Form 926)......................................
2 Did the organization have an interest in a foreign trust during the tax year? If "Yes," the organization may be required to file Form 3520, Annual Return to Report Transactions with Foreign Trusts and Receipt of Certain Foreign Gifts, and/or Form 3520-A, Annual Information Return of Foreign Trust With a U.S. Owner (see Instructions for Forms 3520 and 3520-A).......................................
3 Did the organization have an ownership interest in a foreign corporation during the tax year? If "Yes," the organization may be required to file Form 5471, Information Return of U.S. Persons with Respect to Certain Foreign Corporations. (see Instructions for Form 5471)..............................
4 Was the organization a direct or indirect shareholder of a passive foreign investment company or a qualified electing fund during the tax year? If “Yes,” the organization may be required to file Form 8621, Information Return by a Shareholder of a Passive Foreign Investment Company or Qualified Electing Fund. (see Instructions for Form 8621)...............................................
5 Did the organization have an ownership interest in a foreign partnership during the tax year? If "Yes," the organization may be required to file Form 8865, Return of U.S. Persons with Respect to Certain Foreign Partnerships. (see Instructions for Form 8865)....................................
6 Did the organization have any operations in or related to any boycotting countries during the tax year? If "Yes," the organization may be required to file Form 5713, International Boycott Report (see Instructions for Form 5713)................................................
Schedule F (Form 990) 2013
Schedule F (Form 990) 2013
Page 5
Part V
Supplemental Information
Provide the information required by Part I, line 2 (monitoring of funds); Part I, line 3, column (f) (accounting method; amounts of investments vs. expenditures per region); Part II, line 1 (accounting method); Part III (accounting method); and Part III, column (c) (estimated number of recipients), as applicable. Also complete this part to provide any additional information (see instructions).
ReturnReference Explanation
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
Schedule F (Form 990) 2013
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
lBullet Information about Schedule I (Form 990) and its instructions is at www.irs.gov/form990.
OMB No. 1545-0047
2013
Open to Public
Inspection
Name of the organization
UNITED STUDENT AID FUNDS INC
 
Employer identification number
94-6050341
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. Part II can be duplicated if additional space is needed.
(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) ACCESS COLLEGE FOUNDATION
7300 NEWPORT AVENUE SUITE 500
NORFOLK,VA23505 		54-1440734 501(C)(3) 50,000       OPERATING GRANT
(2) ALAMO COMMUNITY COLLEGE DISTRICT FOUNDATION
201 W SHERIDAN BLDG C RM 3
SAN ANTONIO,TX78204 		74-2422589 501(C)(3) 100,000       OPERATING GRANT
(3) ALASKA COMMISSION ON POSTSECONDARY EDUCATION
3030 VINTAGE BLVD
JUNEAU,AK99801 		92-6001185 STATE OF AK 16,320       OPERATING GRANT
(4) AMERICAN INDIAN COLLEGE FUND
8333 GREENWOOD BLVD
DENVER,CO80221 		52-1573446 501(C)(3) 200,000       OPERATING GRANT
(5) AMERICAN RED CROSS OF GREATER INDIANAPOLIS
441 E 10TH STREET
INDIANAPOLIS,IN46202 		53-0196605 501(C)(3) 25,000       OPERATING GRANT
(6) ARIZONA COLLEGE SCHOLARSHIP FOUNDATION
4040 E CAMELBACK ROAD SUITE 220
PHOENIX,AZ85018 		20-2366755 501(C)(3) 50,000       OPERATING GRANT
(7) ARIZONA COMMISSION FOR POSTSECONDARY EDUCATION
2020 NORTH CENTRAL SUITE 650
PHOENIX,AZ85004 		86-6004791 STATE OF AZ 30,000       OPERATING GRANT
(8) ARIZONA COMMUNITY FOUNDATION
VINCE YANEZ DONOR SERVICES 2201 E
CAMELBACK RD SUITE 405B
PHOENIX,AZ85016 		86-0348306 501(C)(3) 50,000       OPERATING GRANT
(9) ARIZONA STATE UNIVERSITY FOUNDATION FOR A NEW AMERICAN UNIVERSITY
PO BOX 2260
TEMPE,AZ852802260 		86-6051042 501(C)(3) 250,000       OPERATING GRANT
(10) ASIAN AND PACIFIC ISLANDER AMERICAN SCHOLARSHIP FUND
2025 M STREET NW SUITE 610
WASHINGTON,DC20036 		57-1192973 501(C)(3) 310,000       OPERATING GRANT
(11) ASSOCIATION OF PRIVATE SECTOR COLLEGES AND UNIVERSITIES
1101 CONNECTICUT AVE NW SUITE 900
WASHINGTON,DC20036 		62-1469595 501(C)(6) 48,600       OPERATING GRANT
(12) BE A LEADER FOUNDATION
1715 W NORTHERN AVENUE SUITE 104
PHOENIX,AZ85021 		55-0850279 501(C)(3) 50,000       OPERATING GRANT
(13) BIG BROTHERS BIG SISTERS OF CENTRAL IN
2960 NORTH MERIDIAN SUITE 150
INDIANAPOLIS,IN462084715 		35-1323831 501(C)(3) 10,000       OPERATING GRANT
(14) BISHOP NOLL INSTITUTE FOUNDATION INC
1519 HOFFMAN STREET
HAMMOND,IN46327 		31-0973961 501(C)(3) 25,000       DIRECTED GIFT
(15) BLUEGRASS COMMUNITY AND TECHNICAL COLLEGE FOUNDATION
470 COOPER DRIVE
LEXINGTON,KY40506 		76-0826082 501(C)(3) 10,000       OPERATING GRANT
(16) BOTTOM LINE
500 AMORY STREET SUITE 3
JAMAICA PLAIN,MA02130 		04-3351427 501(C)(3) 15,000       DIRECTED GIFT/EMPLOYEE MATCHING
(17) BOYS & GIRLS CLUBS OF INDIANAPOLIS
3530 S KEYSTONE AVENUE STE 200
INDIANAPOLIS,IN46227 		35-0888754 501(C)(3) 31,000       OPERATING GRANT/EMPLOYEE MATCHING
(18) BRADLEY UNIVERSITY
1501 WEST BRADLEY AVENUE
PEORIA,IL61625 		37-0661494 501(C)(3) 17,500       DIRECTED GIFT/EMPLOYEE MATCHING
(19) BRIGHAM YOUNG UNIVERSITY
760 TNRB
PROVO,UT84602 		87-0217280 501(C)(3) 10,000       DIRECTED GIFT
(20) BRIGHAM YOUNG UNIVERSITY-IDAHO
1216 STOCKS AVENUE
REXBURG,ID83460 		82-0207699 501(C)(3) 10,000       DIRECTED GIFT
(21) BUTLER UNIVERSITY
4600 SUNSET AVENUE
INDIANAPOLIS,IN46208 		35-0867977 501(C)(3) 25,000       DIRECTED GIFT/OPERATING GRANT
(22) CARLTHORP SCHOOL
438 SAN VICENTE BLVD
SANTA MONICA,CA90402 		95-3512203 501(C)(3) 7,500       EMPLOYEE MATCHING
(23) CATHEDRAL HIGH SCHOOL
5225 E 56TH ST
INDIANAPOLIS,IN46226 		35-6254955 501(C)(3) 39,200       OPERATING GRANT
(24) CENTER FOR EDUCATION & CAREER INNOVATION (CECI)
143 W MARKET ST SUITE 500
INDIANAPOLIS,IN46204 		03-5600158 STATE OF IN 1,710,000       OPERATING GRANT
(25) CENTRAL INDIANA COMMUNITY FOUNDATION INC
615 N ALABAMA ST SUITE 119
INDIANAPOLIS,IN46204 		35-1793680 501(C)(3) 100,000 123,013   LATINO DINNER OPERATING GRANT
(26) CHRISTEL HOUSE ACADEMY INC
2717 S EAST STREET
INDIANAPOLIS,IN46225 		02-0550824 501(C)(3) 10,000       OPERATING GRANT
(27) CHRISTIAN ACTIVITY CENTER
540 N 6TH ST
EAST ST LOUIS,IL62201 		36-4182760 501(C)(3) 50,000       OPERATING GRANT
(28) CITY YEAR INC
2203 23RD AVE SOUTH SUITE 101
SEATTLE,WA98144 		22-2882549 501(C)(3) 50,000       OPERATING GRANT
(29) CLAFLIN UNIVERSITY
400 MAGNOLIA STREET
ORANGEBURG,SC29115 		57-0314374 501(C)(3) 81,000       OPERATING GRANT
(30) COCHISE COLLEGE
4190 W HIGHWAY 80
DOUGLAS,AZ856076190 		86-0183151 STATE OF AZ 53,400       OPERATING GRANT
(31) COLLEGE FORWARD
PO BOX 142308
AUSTIN,TX78714 		43-2003552 501(C)(3) 50,000       OPERATING GRANT
(32) COLLEGE MENTORS FOR KIDS
212 WEST 10TH STREET SUITE B260
INDIANAPOLIS,IN46202 		35-2002052 501(C)(3) 44,500       OPERATING GRANT
(33) COLLEGE OF THE MENOMINEE NATION
PO BOX 1179 N172 STATE HWY 47/55
KESHENA,WI54135 		39-1773613 501(C)(3) 10,000       OPERATING GRANT
(34) COLLEGE POSSIBLE
450 N SYNDICATE SUITE 325
SAINT PAUL,MN55104 		41-1968798 501(C)(3) 100,000       OPERATING GRANT
(35) COLLEGE SUCCESS FOUNDATION
1605 NW SAMMAMISH ROAD SUITE 100
ISSAQUAH,WA98027 		91-2036088 501(C)(3) 10,000       OPERATING GRANT
(36) COLORADO COLLEGE
14 E CACHE LAPOUDRE ST
COLORADO SPRINGS,CO80903 		84-0402510 501(C)(3) 11,500       DIRECTED GIFT
(37) COLUMBIA BUSINESS SCHOOL
33 W 60TH STREET 7TH FLOOR
NEW YORK,NY10023 		13-5598093 501(C)(3) 10,000       DIRECTED GIFT
(38) COMBAT HELICOPTER PILOTS ASSOCIATION INC
P O BOX 42
DIVIDE,CO808140042 		20-2122535 501(C)(19) 18,000       EMPLOYEE MATCHING
(39) COMPLETE COLLEGE AMERICA INC
429 E VERMONT ST
INDIANAPOLIS,IN46202 		26-4789471 501(C)(3) 1,500,000       OPERATING GRANT
(40) CONGREGATION OF HOLY CROSS US PROVINCE INC
PO BOX 774
NOTRE DAME,IN46556 		32-0344245 501(C)(3) 10,000       EMPLOYEE MATCHING
(41) CONGRESSIONAL HISPANIC CAUCUS INSTITUTE INC
911 SECOND STREET NE
WASHINGTON,DC20002 		52-1114225 501(C)(3) 6,000       OPERATING GRANT
(42) CONNECTICUT ASSOCIATION OF PROF FINANCIAL AID ADMIN INC
PO BOX 370124
WEST HARTFORD,CT06137 		06-0986627 501(C)(3) 10,000       OPERATING GRANT
(43) COPIAH-LINCOLN COMMUNITY COLLEGE
1028 JC REDD DRIVE
WESSON,MS39191 		64-6000293 STATE OF MS 13,000       OPERATING GRANT
(44) DANVILLE AREA COMMUNITY COLLEGE
2000 E MAIN ST
DANVILLE,IL61832 		37-0889813 STATE OF IL 20,000       OPERATING GRANT
(45) DEPAUW UNIVERSITY
OFFICE OF STUDENT FINANCIAL AID 313
SOUTH LOCUST
GREENCASTLE,IN461350037 		35-0869045 501(C)(3) 6,000       DIRECTED GIFT
(46) DRAKE UNIVERSITY
2507 UNIVERSITY
DES MOINES,IA50311 		42-0680460 501(C)(3) 10,000       DIRECTED GIFT
(47) ECONOMIC CLUB OF INDIANA INC
1630 NORTH MERIDIAN STREET
INDIANAPOLIS,IN46202 		23-7381408 501(C)(3) 10,000       OPERATING GRANT
(48) EDUCATION COMMISSION OF THE STATES
700 BROADWAY SUITE 810
DENVER,CO802033442 		31-0722194 501(C)(3) 394,440       OPERATING GRANT
(49) EMBARC INC
PO BOX 221450
CHICAGO,IL60622 		27-3453182 501(C)(3) 10,000       OPERATING GRANT
(50) FINANCE AUTHORITY OF MAINE
5 COMMUNITY DRIVE PO BOX 949
AUGUSTA,ME043320949 		01-0392006 STATE OF ME 16,550       OPERATING GRANT
(51) FORTUNE ACADEMY
5626 LAWTON LOOP EAST DRIVE
INDIANAPOLIS,IN462161013 		35-2148108 501(C)(3) 18,000       EMPLOYEE MATCHING
(52) GARRETT COLLEGE
687 MOSSER ROAD
MCHENRY,MD21541 		52-0906659 STATE OF MD 67,689       OPERATING GRANT
(53) GEAR UP MISSISSIPPI
3825 RIDGEWOOD ROAD SUITE 334
JACKSON,MS39211 		64-6000783 501(C)(3) 35,000       OPERATING GRANT
(54) GEORGIA STUDENT FINANCE COMMISSION (GSFC)
2082 E EXCHANGE PLACE
TUCKER,GA30082 		58-0951322 STATE OF GA 20,000       OPERATING GRANT
(55) GIRL SCOUTS OF CENTRAL INDIANA
2611 WATERFRONT PARKWAY EAST DRIVE
SUITE 100
INDIANAPOLIS,IN46214 		35-0876381 501(C)(3) 9,500       EMPLOYEE MATCHING/OPERATING GRANT
(56) GRAMBLING STATE UNIVERSITY
STUDENT FINANCIAL AID 403 MAIN ST
GRAMBLING,LA71245 		72-6000751 501(C)(3) 35,500       OPERATING GRANT
(57) GRANTMAKERS FOR EDUCATION
720 SW WASHINGTON STREET STE 605
PORTLAND,OR97205 		33-0919329 501(C)(3) 25,000       OPERATING GRANT
(58) HAWTHORN FOUNDATION
PO BOX 93
JEFFERSON CITY,MO65102 		43-1231419 501(C)(6) 2,000,000       OPERATING GRANT
(59) HUSTON-TILLOTSON UNIVERSITY
900 CHICON STREET
AUSTIN,TX78702 		74-1180151 501(C)(3) 100,000       OPERATING GRANT
(60) IMANI AID INC
PO BOX 40111
INDIANAPOLIS,IN46240 		27-3473768 501(C)(3) 10,000       EMPLOYEE MATCHING
(61) INDIANA COMMISSION FOR HIGHER EDUCATION - LEARN MORE INDIANA
101 WEST OHIO STREET SUITE 550
INDIANAPOLIS,IN46204 		35-6000158 STATE OF IN 2,399,800       OPERATING GRANT
(62) INDIANA CONNECTED BY 25 INC
3901 NORTH MERIDIAN STREET
INDIANAPOLIS,IN46208 		45-5056874 501(C)(3) 50,000       OPERATING GRANT
(63) INDIANA LATINO INSTITUTE
445 NORTH PENNSYLVANIA ST STE 800
INDIANAPOLIS,IN46204 		26-0036285 501(C)(3) 100,000       OPERATING GRANT
(64) INDIANA STATE MUSEUM FOUNDATION
650 W WASHINGTON STREET
INDIANAPOLIS,IN462042725 		35-6202818 501(C)(3) 10,000       OPERATING GRANT
(65) INDIANA STUDENT FINANCIAL AID ASSOCIATION
1700 SOUTH MAIN ST
GOSHEN,IN46526 		35-1597706 501(C)(3) 30,000       OPERATING GRANT
(66) INDIANA UNIVERSITY FOUNDATION
PO BOX 500
BLOOMINGTON,IN47402 		35-6018940 501(C)(3) 155,942       DIRECTED GIFT/EMPLOYEE MATCHING
(67) INDIANA YOUTH INSTITUTE INC
603 EAST WASHINGTON ST STE 800
INDIANAPOLIS,IN46204 		31-1251680 501(C)(3) 50,000       OPERATING GRANT
(68) INDIANAPOLIS PRIVATE INDUSTRY COUNCIL INC
151 N DELAWARE STREET SUITE 1600
INDIANAPOLIS,IN46204 		35-1569069 501(C)(3) 500,000       OPERATING GRANT
(69) INDIANAPOLIS ZOOLOGICAL SOCIETY
PO BOX 22309
INDIANAPOLIS,IN462220309 		35-1074747 501(C)(3) 8,950       OPERATING GRANT
(70) IOWA COLLEGE ACCESS NETWORK
160 S 68TH ST SUITE 1101
WEST DES MOINES,IA50266 		27-0915418 501(C)(3) 18,000       OPERATING GRANT
(71) IVY ENDOWMENT INC
PO BOX 88474
INDIANAPOLIS,IN46208 		31-0962055 501(C)(3) 15,000       EMPLOYEE MATCHING
(72) JOBS FOR AMERICA'S GRADUATES INC
1729 KING STREET SUITE 100
ALEXANDRIA,VA22314 		52-1194546 501(C)(3) 3,550,000       OPERATING GRANT
(73) KANSAS ASSOCIATION OF STUDENT FINANCIAL AID ADMINISTRATORS
1001 S CEDAR ST 3
OTTAWA,KS66067 		48-1010942 501(C)(3) 15,000       OPERATING GRANT
(74) KENTUCKY ASSOCIATION OF STUDENT FINANCIAL AID ADMINISTRATORS INC
PO BOX 798
FRANKFORT,KY406020798 		61-1082353 501(C)(3) 10,000       OPERATING GRANT
(75) KENTUCKY STATE UNIVERSITY
400 EAST MAIN ST
FRANKFORT,KY40601 		61-1099712 501(C)(3) 100,000       OPERATING GRANT
(76) KIDS AGAINST HUNGER
PO BOX 12
CARMEL,IN46082 		20-8533217 501(C)(3) 6,000       OPERATING GRANT
(77) LA PLAZA INC
8902 E 38TH STREET
INDIANAPOLIS,IN46226 		30-0029575 501(C)(3) 60,000       OPERATING GRANT
(78) LA SIERRA UNIVERSITY
4500 RIVERWALK PARKWAY
RIVERSIDE,CA925158247 		33-0413730 501(C)(3) 119,000       OPERATING GRANT
(79) LOUISIANA OFFICE OF STUDENT FINANCIAL ASSISTANCE (LOSFA)
602 NORTH FIFTH STREET PO BOX 91202
91202
BATON ROUGE,LA708219202 		72-0591742 STATE OF LA 13,000       OPERATING GRANT
(80) MARIAN UNIVERSITY
3200 COLD SPRING ROAD
INDIANAPOLIS,IN46222 		35-0868175 501(C)(3) 207,000       DIRECTED GIFT/EMPLOYEE MATCHING/OPERATING GRANT
(81) MARTIN UNIVERSITY
2171 AVONDALE PLACE
INDIANAPOLIS,IN46218 		31-0970262 501(C)(3) 60,000       DIRECTED GIFT/OPERATING GRANT
(82) MASSACHUSETTS ASSOCIATION OF FINANCIAL AID ADMINISTRATORS
PO BOX 66003
AUBURNDALE,MA02466 		04-2792003 501(C)(3) 12,000       OPERATING GRANT
(83) MIAMI UNIVERSITY FOUNDATION
725 E CHESTNUT ST
OXFORD,OH45056 		31-6026014 501(C)(3) 16,500       DIRECTED GIFT
(84) MID-EASTERN ASSOC OF EDUCATIONAL OPPORTUNITY PROGRAM PERSONNEL
PO BOX 181
COCKEYSVILLE,MD21030 		31-0939782 501(C)(3) 25,000       OPERATING GRANT
(85) MINNESOTA MINORITY EDUCATION PARTNERSHIP INC
2233 UNIVERSITY AVENUE WEST SUITE
220
SAINT PAUL,MN55114 		41-1699505 501(C)(3) 10,000       OPERATING GRANT
(86) MISSOURI DEPARTMENT OF HIGHER EDUCATION
PO BOX 1469 205 JEFFERSON STREET
JEFFERSON CITY,MO65102 		30-0249822 STATE OF MO 13,540       OPERATING GRANT
(87) MOHAVE COMMUNITY COLLEGE
1971 JAGERSON AVENUE
KINGMAN,AZ86409 		86-0287804 STATE OF AZ 10,000       OPERATING GRANT
(88) NATIONAL ASSOCIATION FOR EQUAL OPPORTUNITY IN HIGHER EDUCATION
209 THIRD ST SE
WASHINGTON,DC20003 		23-7439804 501(C)(3) 15,000       OPERATING GRANT
(89) NATIONAL COLLEGE ACCESS NETWORK
1001 CONNECTICUT AVE NW SUITE 632
WASHINGTON,DC20036 		31-1793562 501(C)(3) 35,000       OPERATING GRANT
(90) NATIONAL GOVERNORS ASSOCIATION CENTER FOR BEST PRACTICES
444 N CAPITOL STREET STE 267
WASHINGTON,DC200011512 		23-7391796 501(C)(3) 1,000,000       OPERATING GRANT
(91) NEW JERSEY ASSOCIATION OF STUDENT FINANCIAL AID ADMINISTRATORS INC
4 QUAKERBRIDGE PLAZA
TRENTON,NJ08625 		22-2615338 501(C)(3) 28,000       OPERATING GRANT
(92) NEW YORK STATE FINANCIAL AID ADMINISTRATORS ASSOCIATION INC
CUNY FINANCIAL AID OFFICE 2001
ORIENTAL BLVD
BROOKLYN,NY11235 		13-2836102 501(C)(3) 22,000       OPERATING GRANT
(93) OASFAA
FINANCIAL AID SCHOLARSHIPS 444 WEST
THIRD STREET
DAYTON,OH45402 		31-0883788 501(C)(3) 25,000       OPERATING GRANT
(94) OBERLIN COLLEGE
50 W LORAIN STREET
OBERLIN,OH44074 		34-0714363 501(C)(3) 10,000       EMPLOYEE MATCHING
(95) OKLAHOMA STATE REGENTS FOR HIGHER EDUCATION
1801 E 4TH STREET
OKMULGEE,OK74447 		73-6017987 STATE OF OK 224,119       OPERATING GRANT
(96) ON POINT FOR COLLEGE INC
1654 W ONONDAGA STREET
SYRACUSE,NY13204 		16-1569356 501(C)(3) 149,783       OPERATING GRANT
(97) ORAL ROBERTS UNIVERSITY
ALUMNI FOUNDATION 777 SOUTH LEWIS
AVENUE
TULSA,OK74171 		73-1346361 501(C)(3) 15,000       DIRECTED GIFT
(98) OREGON STUDENT ACCESS COMMISSION
1500 VALLEY RIVER DRIVE SUITE 100
EUGENE,OR97401 		93-6015581 STATE OF OR 15,000       OPERATING GRANT
(99) PACIFIC FINANCIAL AID ASSOCIATION
1314 S KING STREET SUITE 1164
HONOLULU,HI96814 		20-0429061 501(C)(3) 14,000       OPERATING GRANT
(100) PARTNERSHIP FOR LEARNING
321 NORTH PINE STREET
LANSING,MI48933 		38-2955237 501(C)(3) 15,000       OPERATING GRANT
(101) PROJECT LEAD THE WAY
3939 PRIORITY WAY S DRIVE STE 200
INDIANAPOLIS,IN46240 		14-1816385 501(C)(3) 15,000       DIRECTED GIFT
(102) READING IS FUNDAMENTAL INC
PO BOX 33728
WASHINGTON,DC20033 		52-0976257 501(C)(3) 85,000       OPERATING GRANT
(103) RECTOR & VISITORS OF THE UNIVERSITY OF VIRGINIA
400 RAY C HUNT DRIVE
CHARLOTTESVILLE,VA22904 		54-6002796 501(C)(3) 15,000       DIRECTED GIFT
(104) RILEY CHILDREN'S FOUNDATION
30 S MERIDIAN STREET SUITE 200
INDIANAPOLIS,IN462043540 		35-0868147 501(C)(3) 72,000       OPERATING GRANT
(105) ROBOTICS EDUCATION AND COMPETITION FOUNDATION
200 E WASHINGTON ST
INDIANAPOLIS,IN46204 		35-2212630 501(C)(3) 45,000       OPERATING GRANT
(106) RUST COLLEGE
150 RUST AVENUE
HOLLY SPRINGS,MS38635 		64-0303805 501(C)(3) 30,500       OPERATING GRANT
(107) SAN DIEGO CITY COLLEGE
1313 PARK BLVD
SAN DIEGO,CA92101 		23-7261624 501(C)(3) 90,361       OPERATING GRANT
(108) SANIBEL CAPTIVA CONSERVATION FOUNDATION
PO BOX 839
SANIBEL,FL33957 		59-1205087 501(C)(3) 17,500       EMPLOYEE MATCHING
(109) SCHOLARSHIP AMERICA
1550 AMERICAN BLVD SUITE 155
MINNEAPOLIS,MN55425 		04-2296967 501(C)(3) 27,500       DIRECTED GIFT/EMPLOYEE MATCHING/OPERATING GRANT
(110) SOUTH CAROLINA COMMISSION ON HIGHER EDUCATION
1122 LADY STREET SUITE 300
COLUMBIA,SC29201 		57-0674590 STATE OF SC 18,000       OPERATING GRANT
(111) SOUTHSIDE EARLY CHILDHOOD CENTER
2930 IOWA AVENUE
ST LOUIS,MO63118 		43-0685348 501(C)(3) 8,000       EMPLOYEE MATCHING
(112) ST MARIA GORETTI PARISH
17102 SPRINGMILL ROAD
WESTFIELD,IN46074 		35-1950891 501(C)(3) 33,336       EMPLOYEE MATCHING
(113) STVINCENT HOSPITAL FOUNDATION
8402 HARCOURT ROAD SUITE 210
INDIANAPOLIS,IN46260 		35-6088862 501(C)(3) 83,500       EMPLOYEE MATCHING/OPERATING GRANT
(114) STANFORD UNIVERSITY
326 GALVEZ STREET
STANFORD,CA943056105 		94-1156365 501(C)(3) 10,500       EMPLOYEE MATCHING
(115) STARFISH INITIATIVE
814 N DELAWARE STREET
INDIANAPOLIS,IN46204 		56-2442758 501(C)(3) 7,500       OPERATING GRANT
(116) STATE HIGHER EDUCATION EXECUTIVE OFFICERS
3035 CENTER GREEN DR SUITE 100
BOULDER,CO803012205 		23-7167258 501(C)(3) 35,621       OPERATING GRANT
(117) STUDENT ASSISTANCE FOUNDATION OF MONTANA
2500 BROADWAY PO BOX 203101
HELENA,MT596203101 		81-0527529 501(C)(3) 15,000       OPERATING GRANT
(118) SUSQUEHANNA UNIVERSITY
514 UNIVERSITY AVENUE
SELINSGROVE,PA17870 		23-1353385 501(C)(3) 26,000       DIRECTED GIFT/EMPLOYEE MATCHING
(119) TENNESSEE HIGHER EDUCATION COMMISSION
SUITE 1900 PARKWAY TOWERS 404 JAMES
ROBERTSON PARKWAY
NASHVILLE,TN372430820 		62-6001445 STATE OF TN 10,000       OPERATING GRANT
(120) THANKS USA
1390 CHAIN BRIDGE RD 260
MCLEAN,VA22101 		20-3973151 501(C)(3) 50,000       OPERATING GRANT
(121) THE INTERNATIONAL CENTER INC
ONE INDIANA SQUARE SUITE 2000
INDIANAPOLIS,IN46204 		35-1300785 501(C)(3) 10,000       OPERATING GRANT
(122) THURGOOD MARSHALL COLLEGE FUND
901 F STREET NW SUITE 300
NEW YORK,NY20004 		41-1750692 501(C)(3) 200,000       OPERATING GRANT
(123) TRINITY WASHINGTON UNIVERSITY
125 MICHIGAN AVE NE
WASHINGTON,DC20017 		53-0196640 501(C)(3) 10,000       DIRECTED GIFT
(124) TRUCKEE MEADOWS COMMUNITY COLLEGE
7000 DANDINI BLVD RDMT 200
RENO,NV89512 		88-6000024 501(C)(3) 100,000       OPERATING GRANT
(125) TULANE UNIVERSITY
6823 ST CHARLES 218 GIBSON HALL
NEW ORLEANS,LA70118 		72-0423889 501(C)(3) 25,000       DIRECTED GIFT
(126) US DREAM ACADEMY INC
5950 SYMPHONY WOODS ROAD STE 504
COLUMBIA,MD21044 		59-3514841 501(C)(3) 100,000       OPERATING GRANT
(127) UNITED NEGRO COLLEGE FUND
3737 N MERIDIAN ST SUITE 203
INDIANAPOLIS,IN46208 		13-1624241 501(C)(3) 224,550       EMPLOYEE MATCHING/OPERATING GRANT
(128) UNITED WAY OF CENTRAL INDIANA INC
3901 N MERIDIAN ST
INDIANAPOLIS,IN462080409 		35-1007590 501(C)(3) 110,312       EMPLOYEE MATCHING/OPERATING GRANT
(129) UNIVERSITY OF HAWAII MAUI COLLEGE
310 W KAAHUMANU AVENUE
KAHULUI,HI96732 		99-6000354 STATE OF HI 51,754       OPERATING GRANT
(130) UNIVERSITY OF MICHIGAN
200 FLETCHER ST
ANN ARBOR,MI481091007 		38-6006309 STATE OF MI 40,000       DIRECTED GIFT
(131) UNIVERSITY OF NEW MEXICO FOUNDATION INCORPORATED
700 LOMAS BLVD NE TWO WOODWARD CTR
ALBUQUERQUE,NM87102 		85-0275408 501(C)(3) 13,000       OPERATING GRANT
(132) UNIVERSITY OF NOTRE DAME DU LAC
1100 GRACE HALL
NOTRE DAME,IN465565612 		35-0868188 501(C)(3) 15,000       EMPLOYEE MATCHING
(133) UNIVERSITY OF PENNSYLVANIA
3451 WALNUT ST 601 FRANKLIN BLDG
PHILADELPHIA,PA191046205 		23-1352685 501(C)(3) 22,500       DIRECTED GIFT/EMPLOYEE MATCHING
(134) UNIVERSITY OF PORTLAND
5000 N WILLAMETTE BLVD
PORTLAND,OR97203 		93-0401259 501(C)(3) 55,000       DIRECTED GIFT/EMPLOYEE MATCHING
(135) UNIVERSITY OF VIRGINIA COLLEGE FOUNDATION
PO BOX 400807
CHARLOTTESVILLE,VA229044807 		54-2009312 501(C)(3) 9,000       DIRECTED GIFT
(136) UNIVERSITY OF WASHINGTON FOUNDATION
MINORITY AFFAIRS DIVERSITY 320 F
MARY GATES HALL
SEATTLE,WA981952835 		94-3079432 501(C)(3) 50,000       OPERATING GRANT
(137) UNIVERSITY OF WISCONSIN FOUNDATION
1848 UNIVERSITY AVENUE
MADISON,WI53726 		39-0743975 501(C)(3) 22,500       DIRECTED GIFT/EMPLOYEE MATCHING
(138) US CHAMBER OF COMMERCE FOUNDATION
1615 H STREET NW
WASHINGTON,DC20062 		46-1561597 501(C)(3) 2,000,000       OPERATING GRANT
(139) VANGUARD CHARITABLE ENDOWMENT PROGRAM
95 WELLS AVE STE 155
NEWTON,MA024593204 		23-2888152 501(C)(3) 10,000       EMPLOYEE MATCHING
(140) VERMONT STUDENT ASSISTANCE CORP
10 EAST ALLEN STREET PO BOX 2000
WINOOSKI,VT05404 		30-0216589 501(C)(3) 15,000       OPERATING GRANT
(141) WASHINGTON STUDENT ACHIEVEMENT COUNCIL
917 LAKERIDGE WAY SW
OLYMPIA,WA985043430 		45-5122913 STATE OF WA 22,494       OPERATING GRANT
(142) WESLEYAN COLLEGE
4760 FORSYTH ROAD
MACON,GA31210 		58-0593438 501(C)(3) 60,083       OPERATING GRANT
(143) WEST VIRGINIA HIGHER EDUCATION POLICY COMMISSION
1018 KANAWHA BOULEVARD EAST SUITE
700
CHARLESTON,WV25301 		55-0517092 STATE OF WV 18,000       OPERATING GRANT
(144) WESTERN GOVERNORS UNIVERSITY
4001 SOUTH 700 EAST
SALT LAKE CITY,UT84107 		84-1383926 501(C)(3) 2,000,000       OPERATING GRANT
(145) WESTERN GOVERNORS UNIVERSITY - INDIANA
10 W MARKET ST 1020
INDIANAPOLIS,IN46204 		84-1383926 501(C)(3) 15,000       DIRECTED GIFT
(146) WISCONSIN ASSOCIATION OF STUDENT FINANCIAL AID ADMINISTRATORS INC
133 RIVER DRIVE
WAUSAU,WI54403 		39-6279228 501(C)(3) 15,000       OPERATING GRANT
(147) YMCA OF METROPOLITAN WASHINGTON
1112 16TH STREET NW SUITE 720
WASHINGTON,DC20036 		53-0207403 501(C)(3) 7,500       OPERATING GRANT
2
Enter total number of section 501(c)(3) and government organizations listed in the line 1 table ................ Bullet Image
144
3
Enter total number of other organizations listed in the line 1 table ........................ . Bullet Image
3
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50055P
Schedule I (Form 990) 2013

Schedule I (Form 990) 2013
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.
Part III can be duplicated 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
(1) FASFA COMPLETION HELP 10000 250,000      












Part IV
Supplemental Information. Provide the information required in Part I, line 2, Part III, column (b), and any other additional information.
Return Reference Explanation
PART I, LINE 2: USA FUNDS' GRANT-MAKING IS LIMITED TO THE 50 U.S. STATES AND THE DISTRICT OF COLUMBIA. USA FUNDS MONITORS THE USE OF GRANT FUNDS BY REQUIRING THE GRANTEE TO SEND IN A FINAL ACCOUNTING REPORT DESCRIBING HOW THE FUNDS WERE USED. THIS REPORT WILL INCLUDE ACTUAL EXPENSES THAT WOULD BE COMPARED TO THE BUDGET SENT IN WITH THE ORIGINAL GRANT REQUEST. IN ADDITION, PROGRAM OFFICERS PERFORM SITE VISITS OR ATTEND EVENTS THAT USA FUNDS HAS SPONSORED.
Schedule I (Form 990) 2013


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, line 23.
SchJMediumBullet Attach to Form 990. SchJMediumBullet See separate instructions.
SchJMediumBullet Information about Schedule J (Form 990) and its instructions is at www.irs.gov/form990.
OMB No. 1545-0047
2013
Open to Public Inspection
Name of the organization
UNITED STUDENT AID FUNDS INC
 
Employer identification number

94-6050341
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 of the expenses described above? If "No," complete Part III to explain....
1b
Yes
 
2
Did the organization require substantiation prior to reimbursing or allowing expenses incurred by all
directors, trustees, officers, including the CEO/Executive Director, regarding the items checked in line 1a? ..
2
Yes
 
3
Indicate which, if any, of the following the filing organization used 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
Yes
 
b
Participate in, or receive payment from, a supplemental nonqualified retirement plan? .........
4b
Yes
 
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
 
No
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
Yes
 
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 Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50053T
Schedule J (Form 990) 2013

Schedule J (Form 990) 2013
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 (E) amounts for that individual.
(A) Name and Title (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)WILLIAM HANSENPRESIDENT & CEO (i)
(ii)		 220,054
0 		159,346
0 		54,807
0 		22,910
0 		14,626
0 		471,743
0 		0
0
(2)STEPHEN C HAMEVP & CFO (i)
(ii)		 250,892
0 		126,777
0 		200,585
0 		57,439
0 		22,088
0 		657,781
0 		0
0
(3)DAVID B BOODTEVP & GENERAL COUNSEL (i)
(ii)		 233,892
0 		84,183
0 		108,327
0 		44,739
0 		26,753
0 		497,894
0 		0
0
(4)DENISE B FESERVP SCH & STUDENT SERV THRU 12/31/13 (i)
(ii)		 226,431
0 		71,311
0 		114,281
0 		41,841
0 		9,136
0 		463,000
0 		0
0
(5)GREGORY AYERSSVP GOV'T SERV & ADMIN (i)
(ii)		 200,492
0 		70,498
0 		15,798
0 		40,299
0 		24,253
0 		351,340
0 		0
0
(6)ROBERT BALLARDSVP ACCESS & OUTREACH (i)
(ii)		 217,292
0 		76,696
0 		43,787
0 		37,722
0 		21,588
0 		397,085
0 		0
0
(7)TERRY MUILENBURGSVP GOV'T RELATIONS (i)
(ii)		 237,992
0 		84,700
0 		165,303
0 		46,024
0 		26,253
0 		560,272
0 		0
0
(8)DEBORAH MCCLOUDVP & CONTROLLER (i)
(ii)		 145,800
0 		32,976
0 		2,226
0 		27,690
0 		22,088
0 		230,780
0 		0
0
(9)LEONARD GURINVP CASH & INVESTMENTS (i)
(ii)		 142,630
0 		30,717
0 		3,309
0 		21,474
0 		25,003
0 		223,133
0 		0
0
(10)JONI M ANDERSONVP & SR CORP COUNSEL (i)
(ii)		 146,026
0 		31,667
0 		15,342
0 		24,919
0 		20,419
0 		238,373
0 		0
0
(11)KAREN L DEVILLASENIOR PROGRAM OFFICER (i)
(ii)		 53,811
100,643 		10,087
18,866 		935
1,749 		8,544
15,981 		8,450
15,803 		81,827
153,042 		0
0
(12)HENRY L FERNANDEZSENIOR PROGRAM OFFICER (i)
(ii)		 162,883
0 		34,220
0 		4,404
0 		26,623
0 		23,583
0 		251,713
0 		0
0
(13)DAVID C LONGVP OF SALES (i)
(ii)		 169,388
0 		34,573
0 		553
0 		25,443
0 		24,253
0 		254,210
0 		0
0
(14)CHERYL L PEARSONBUSINESS DEVELOPMENT (i)
(ii)		 98,947
0 		20,175
0 		72,159
0 		7,621
0 		9,859
0 		208,761
0 		0
0
(15)CARL C DALSTROMFORMER PRESIDENT & CEO (i)
(ii)		 233,023
0 		144,260
0 		1,364,378
0 		50,300
0 		11,427
0 		1,803,388
0 		1,345,057
0
Schedule J (Form 990) 2013

Schedule J (Form 990) 2013
Page 3
Part III
Supplemental Information
Provide the information, explanation, or descriptions required for Part I, lines 1a, 1b, 3, 4a, 4b, 4c, 5a, 5b, 6a, 6b, 7, and 8, and for Part II.
Also complete this part for any additional information.
Return Reference Explanation
PART I, LINE 1A FIRST CLASS TRAVEL - FIRST CLASS TRAVEL IS APPROVED FOR ALL TRUSTEES IF THE FLIGHT IS MORE THAN 2 HOURS IN DURATION OR IF A MEDICAL CONDITION EXISTS WHICH REQUIRES THE NEED FOR AN UPGRADE. THIS NON-TAXABLE BUSINESS EXPENSE IS NOT TREATED AS ADDITIONAL TAXABLE COMPENSATION TO THE TRUSTEE. FIRST CLASS TRAVEL IS APPROVED FOR EMPLOYEES, AT THE DISCRETION OF THE CEO, IF THEY TRAVEL FREQUENTLY AS PART OF THEIR POSITION OR IF A MEDICAL CONDITION EXISTS WHICH REQUIRES THE NEED FOR AN UPGRADE. EVP & CFO STEVE HAM HAS BEEN APPROVED BY WILLIAM HANSEN, CEO, FOR ONE CLASS UPGRADE, WHICH MAY RESULT IN FIRST CLASS TRAVEL, DUE TO A MEDICAL CONDITION. THIS NON-TAXABLE BUSINESS EXPENSE IS NOT TREATED AS ADDITIONAL TAXABLE COMPENSATION. TAX INDEMNIFICATION AND GROSS-UP PAYMENTS - GROSS-UP PAYMENTS WERE MADE TO THE FORMER CEO FOR RETIREMENT GIFTS ABOVE THE IRS LIMITS, FOR DE MINIMUS GIFTS. ADDITIONAL GROSS-UP PAYMENTS WERE MADE FOR HOUSE HUNTING, TEMPORARY HOUSING, AND MOVING EXPENSES FOR 2 OF THE OFFICERS LISTED IN PART VII. USA FUNDS INCLUDED THE ABOVE APPLICABLE EXPENSES IN THE EMPLOYEES' W-2 AS ADDITIONAL TAXABLE COMPENSATION. HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE - COMPANY POLICY IS TO PROVIDE TEMPORARY HOUSING TO OFFICERS PRIOR TO RELOCATION PLUS REIMBURSE OFFICERS FOR MOVING EXPENSES ASSOCIATED WITH RELOCATION. USA FUNDS PROVIDED THIS BENEFIT TO 2 OFFICERS LISTED IN PART VII AND INCLUDED THE NON-BUSINESS EXPENSES IN THE EMPLOYEES' W-2 AS ADDITIONAL TAXABLE COMPENSATION. HEALTH OR SOCIAL CLUB DUES - USA FUNDS MAY REIMBURSE EACH EMPLOYEE UP TO A MAXIMUM OF $250 PER CALENDAR YEAR FOR THE COST OF (I) EXERCISE EQUIPMENT PURCHASED DURING THE APPLICABLE CALENDAR YEAR AND/OR (II) A HEALTH OR FITNESS CLUB MEMBERSHIP. ALL REIMBURSEMENTS ARE CONSIDERED TAXABLE INCOME TO THE EMPLOYEE.
PART I, LINE 4A: THE FOLLOWING FIVE HIGHEST PAID EMPLOYEE RECEIVED SEVERANCE PAYMENTS FROM THE ORGANIZATION DURING THE CALENDAR YEAR 2013: CHERYL L. PEARSON $65,250
PART I, LINE 4B: THE CURRENT AND FORMER CEO PARTICIPATE IN A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN UNDER CODE SECTION 457(F). ANY AMOUNTS ULTIMATELY PAID UNDER THE PLAN TO THE CURRENT OR FORMER CEO ARE REPORTED AS COMPENSATION ON FORM 990, SCHEDULE J, PART II, COLUMN B IN THE YEAR PAID. THE ONLY DISTRIBUTION RECEIVED IN CALENDAR YEAR 2013 IS: CARL DALSTROM $1,345,057
PART I, LINE 7: ALL OFFICERS AND ALL EMPLOYEES OF THE COMPANY PARTICIPATE IN THE "EMPLOYEE INCENTIVE PLAN." ANNUAL PAYMENTS ARE BASED ON OVERALL CORPORATE PERFORMANCE IN THE ACCOMPLISHMENT OF THE CORPORATE OBJECTIVES, AS EVALUATED BY THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES, AND INDIVIDUAL PERFORMANCE. THE AMOUNT OF THE PAYMENT IS A PERCENTAGE OF ANNUAL SALARY, VARYING BY THE SALARY GRADE OF THE INDIVIDUAL POSITION.
Schedule J (Form 990) 2013

Additional Data


Software ID:  
Software Version:  
Schedule L
(Form 990 or 990-EZ)
Department of the Treasury
Internal Revenue Service
Transactions with Interested Persons
MediumBullet Complete if the organization answered
"Yes" on Form 990, Part IV, lines 25a, 25b, 26, 27, 28a, 28b, or 28c,
or Form 990-EZ, Part V, line 38a or 40b.
MediumBullet Attach to Form 990 or Form 990-EZ. MediumBullet See separate instructions.
MediumBulletInformation about Schedule L (Form 990 or 990-EZ) and its instructions is at www.irs.gov/form990.
OMB No. 1545-0047
2013
Open to Public Inspection
Name of the organization
UNITED STUDENT AID FUNDS INC
 
Employer identification number

94-6050341
Part I
Excess Benefit Transactions (section 501(c)(3) and section 501(c)(4) organizations only).
Complete if the organization answered "Yes" on Form 990, Part IV, line 25a or 25b, or Form 990-EZ, Part V, line 40b.
1(a) Name of disqualified person (b) Relationship between disqualified person and organization (c) Description of transaction (d) Corrected?
Yes No





2
Enter the amount of tax incurred by organization managers or disqualified persons during the year under section 4958. ........................... Bullet Image$
 
3
Enter the amount of tax, if any, on line 2, above, reimbursed by the organization ....... Bullet Image$
 

Part II
Loans to and/or From Interested Persons.
Complete if the organization answered "Yes" on Form 990-EZ, Part V, line 38a, or Form 990, Part IV, line 26; or if the organization reported an amount on Form 990, Part X, line 5, 6, or 22
(a) Name of interested person (b) Relationship with organization (c) Purpose of loan (d) Loan to or from the organization? (e)Original principal amount (f)Balance due (g) In default? (h) Approved by board or committee? (i)Written agreement?
To From Yes No Yes No Yes No
Total ......Small Bullet $  
Part III
Grants or Assistance Benefitting Interested Persons.
Complete if the organization answered "Yes" on Form 990, Part IV, line 27.
(a) Name of interested person (b) Relationship between interested person and the organization (c) Amount of assistance (d) Type of assistance (e) Purpose of assistance
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 50056A
Schedule L (Form 990 or 990-EZ) 2013
Schedule L (Form 990 or 990-EZ) 2013
Page 2
Part IV
Business Transactions Involving Interested Persons.
Complete if the organization answered "Yes" on Form 990, Part IV, line 28a, 28b, or 28c.
(a) Name of interested person (b) Relationship between interested person and the organization (c) Amount of transaction (d) Description of transaction (e) Sharing of organization's revenues?
Yes No
(1) GRIGSBY & ASSOCIATES
  		BOARD MEMBER 25,503 SEE PART V   No
Part V
Supplemental Information
Provide additional information for responses to questions on Schedule L (see instructions).
Return Reference Explanation
SCHEDULE L, PART IV, COLUMN B, LINE 1: MARSHALL GRIGSBY, A BOARD MEMBER OF UNITED STUDENT AID FUNDS, INC., IS PRESIDENT AND CHIEF EXECUTIVE OFFICER OF GRIGSBY & ASSOCIATES, LLC, A CONSULTING FIRM THAT SPECIALIZES IN EDUCATION POLICY ISSUES AND THE LEGISLATIVE PROCESS.
SCHEDULE L, PART IV, COLUMN D, LINE 1: MARSHALL GRIGSBY, IN HIS CAPACITY AS PRESIDENT AND CHIEF EXECUTIVE OFFICER OF GRISGSBY & ASSOCIATES, LLC RENDERED CONSULTING TO THE CORPORATION DURING THE YEAR.
Schedule L (Form 990 or 990-EZ) 2013

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.
MediumBullet Information about Schedule O (Form 990 or 990-EZ) and its instructions is at
www.irs.gov/form990.
OMB No. 1545-0047
2013
Open to Public
Inspection
Name of the organization
UNITED STUDENT AID FUNDS INC
 
Employer identification number

94-6050341
Return Reference Explanation
FORM 990, PART VI, SECTION A, LINE 6 AS A DELAWARE NON-PROFIT ORGANIZATION, THIS CORPORATION HAS INDIVIDUALS AS ITS MEMBERS THAT SERVE AS ITS BOARD OF TRUSTEES.
FORM 990, PART VI, SECTION B, LINE 11 ONCE THE FORM 990 IS PREPARED BY THE COMPANY, WITH ASSISTANCE FROM THE EXTERNAL TAX ACCOUNTING FIRM, THE FORM AND ALL APPLICABLE SCHEDULES ARE PROVIDED TO THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES FOR REVIEW. AFTER THE AUDIT COMMITTEE HAS COMPLETED THEIR REVIEW, THE FORM AND ALL APPLICABLE SCHEDULES ARE PROVIDED TO THE FULL BOARD IN ADVANCE OF THE FORM BEING FILED WITH THE IRS, ALLOWING TIME FOR REVIEW AND COMMENT BY THE FULL BOARD.
FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY, A CONFLICT OF INTEREST AND DISCLOSURE QUESTIONNAIRE IS REQUIRED TO BE COMPLETED BY ALL EMPLOYEES. THE PURPOSE OF THE QUESTIONNAIRE IS TO SOLICIT INFORMATION ABOUT RELATIONSHIPS THAT MAY CONSTITUTE A POTENTIAL CONFLICT OF INTEREST. EACH MEMBER OF THE BOARD OF TRUSTEES SIGNS AN ANNUAL CONFLICT OF INTEREST DISCLOSURE STATEMENT THAT DISCLOSES ACTUAL OR POTENTIAL CONFLICTS OF INTEREST AS SET FORTH IN THE APPROVED CONFLICTS OF INTEREST POLICY FOR TRUSTEES. THE DISCLOSURE STATEMENTS ARE REVIEWED BY THE GOVERNANCE COMMITTE OF THE BOARD OF TRUSTEES. WHEN ANY SUCH CONFLICT OF INTEREST IS RELEVANT TO A MATTER REQUIRING ACTION BY THE BOARD OF TRUSTEES OR ANY COMMITTEE, THE INTERESTED PERSON SHALL CALL IT TO THE ATTENTION OF THE CHAIR OF THE COMMITTEE, AND SUCH PERSON SHALL NOT VOTE ON THE MATTER. MOREOVER, THE PERSON HAVING THE CONFLICT SHALL LEAVE THE ROOM IN WHICH THE MEETING IS HELD AND NOT PARTICIPATE IN THE FINAL DELIBERATIONS OR DECISION REGARDING THE MATTER UNDER CONSIDERATION. A BOARD MEMBER SHALL ADVISE THE CHAIR OF THE GOVERNANCE COMMITTEE AND THE CORPORATE SECRETARY IN WRITING OF ANY POTENTIAL CONFLICTS OF INTEREST WHICH ARISE AFTER SIGNING THE CONFLICT OF INTEREST DISCLOSURE STATEMENT.
FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION DETERMINATIONS OF USA FUNDS' CEO AND THE OTHER OFFICERS ARE MADE BY A COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES WHOSE MEMBERS HAVE NO CONFLICT OF INTEREST WITHIN THE MEANING OF TREAS. REG. 53.4958-6(C)(1)(III). THE COMPENSATION COMMITTEE ESTABLISHES THE COMPENSATION PHILOSOPHY, AND WITH COMPARABILITY DATA PROVIDED BY AN INDEPENDENT COMPENSATION CONSULTANT, ANNUALLY EVALUATES THE PERFORMANCE OF THE CEO AND ALL OTHER OFFICERS, AND DETERMINES IN ADVANCE THE REASONABLENESS OF COMPENSATION PAID TO AND BENEFITS PROVIDED TO SUCH INDIVIDUALS. AS PART OF THE ANNUAL PERFORMANCE EVALUATION, THE COMPENSATION COMMITTEE SOLICITS THE VIEWS OF THE CHAIRS OF THE OTHER BOARD COMMITTEES. THE DETERMINATIONS MADE AND THE BASIS OF SUCH DETERMINATIONS ARE CONTEMPORANEOUSLY DOCUMENTED IN WRITTEN MINUTES. FINAL DETERMINATIONS ARE REPORTED TO THE FULL BOARD OF TRUSTEES.
FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ANY DOCUMENT OPEN TO PUBLIC INSPECTION AVAILABLE UPON REQUEST.
FORM 990, PART XI, LINE 9: NET ACTUARIAL GAIN RELATED TO EMPLOYEE BENEFIT PLANS 3,505,238. FUND BALANCE TRANSFER FROM NORTHWEST EDUCATION LOAN ASSOCIATION 10,000,000.
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 51056K
Schedule O (Form 990 or 990-EZ) 2013

Additional Data


Software ID:  
Software Version:  
SCHEDULE R
(Form 990)
Department of the Treasury
Internal Revenue Service
Related Organizations and Unrelated Partnerships
MediumBulletComplete if the organization answered "Yes" on Form 990, Part IV, line 33, 34, 35b, 36, or 37.
MediumBulletAttach to Form 990. MediumBullet See separate instructions.
MediumBullet Information about Schedule R (Form 990) and its instructions is at www.irs.gov/form990.

OMB No. 1545-0047
2013
Open to Public Inspection
Name of the organization
UNITED STUDENT AID FUNDS INC
 
Employer identification number

94-6050341
Part I
Identification of Disregarded Entities Complete if the organization answered "Yes" on Form 990, Part IV, line 33.
(a)
Name, address, and EIN (if applicable) 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 entity?
Yes No
(1) NORTHWEST EDUCATION LOAN ASSOCIATION

PO BOX 6028

INDIANAPOLIS,IN462066028
91-1068278 		STUDENT LOAN GUARANTOR WA 501(C)(3) 9 USA FUNDS
 
Yes
 












For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50135Y
Schedule R (Form 990) 2013
Schedule R (Form 990) 2013
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
 		(i)
Section 512(b)(13) controlled entity?
Yes No












Schedule R (Form 990) 2013
Schedule R (Form 990) 2013
Page 3
Part V
Transactions With Related Organizations Complete if the organization answered "Yes" on Form 990, Part IV, line 34, 35b, or 36.
Note. Complete line 1 if any entity is listed in Parts II, III, or IV of this schedule.
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 or (iv) rent from a controlled entity . . . . . . . . . . . . . . . . . . . . . . .
1a
 
No
b Gift, grant, or capital contribution to related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1b
 
No
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 Dividends from related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1f
 
No
g Sale of assets to related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1g
 
No
h Purchase of assets from related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1h
 
No
i Exchange of assets with related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1i
 
No
j Lease of facilities, equipment, or other assets to related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1j
 
No
k Lease of facilities, equipment, or other assets from related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . .
1k
 
No
l Performance of services or membership or fundraising solicitations for related organization(s) . . . . . . . . . . . . . . . . . . . .
1l
Yes
 
m Performance of services or membership or fundraising solicitations by related organization(s) . . . . . . . . . . . . . . . . . . . .
1m
 
No
n Sharing of facilities, equipment, mailing lists, or other assets with related organization(s) . . . . . . . . . . . . . . . . . . . . .
1n
 
No
o Sharing of paid employees with related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1o
 
No
p Reimbursement paid to related organization(s) for expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1p
 
No
q Reimbursement paid by related organization(s) for expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1q
Yes
 
r Other transfer of cash or property to related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1r
 
No
s Other transfer of cash or property from related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1s
 
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 related organization 		(b)
Transaction
type (a-s) 		(c)
Amount involved 		(d)
Method of determining amount involved
(1) NORTHWEST EDUCATION LOAN ASSOCIATION

 L 110,760 FMV
(2) NORTHWEST EDUCATION LOAN ASSOCIATION

 Q 780,755 COST REIMBURSEMENT




Schedule R (Form 990) 2013
Schedule R (Form 990) 2013
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) 2013
Schedule R (Form 990) 2013
Page 5
Part VII
Supplemental Information
Provide additional information for responses to questions on Schedule R (see instructions).
Return Reference Explanation
Schedule R (Form 990) 2013
Additional Data


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