Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for the latest information.
| Return Reference | Explanation |
|---|---|
| PART VI, SECTION A, LINE 3 | MANAGEMENT SERVICES ARE PROVIDED BY WINFIELD P. CRIGLER, INDEPENDENT CONTRACTOR. MS. CRIGLER FUNCTIONS AS THE EXECUTIVE DIRECTOR OF THE ORGANIZATION |
| PART VI, SECTION A, LINE 4 | THE BYLAWS WERE AMENDED ON JULY 25, 2018 TO EXPAND BOTH MEMBERSHIP CATEGORIES. REGULAR (VOTING) MEMBERS NOW INCLUDE SERVICERS OF PRIVATE EDUCATION LOANS AS WELL AS SERVICERS OF FEDERAL STUDENT LOANS, AND THE SEPARATE PRIVATE LOAN COMMITTEE WAS ABOLISHED. AFFILIATE (NON-VOTING) MEMBERS NOW INCLUDE ENTITIES WHOSE BUSINESS PURPOSE OR PRODUCT OR SERVICE SUPPORTS OR ENHANCES FUNCTIONS PERFORMED BY FEDERAL AND PRIVATE STUDENT LOAN SERVICERS. |
| PART VI, SECTION A LINES 6, 7A, 7B | THE ALLIANCE HAS TWO CLASSES OF MEMBERS: REGULAR (VOTING) AND AFFILIATE (NON-VOTING). VOTING MEMBERS ELECT ALL OF THE OFFICERS AND MEMBERS OF THE BOARD OF DIRECTORS, BOTH AS TO REGULAR ELECTIONS AND TO FILL ANY VACANCIES. VOTING MEMBERS ALSO APPROVE THE BUDGET OF THE ALLIANCE, AND MUST APPROVE ANY DUES INCREASES, CHANGES IN THE BYLAWS, AND DISSOLUTION OF THE ORGANIZATION. |
| PART VI, SECTION B LINE 11B | PRELIMINARY DRAFT REVIEWED BY TREASURER AND EXECUTIVE DIRECTOR. FINAL DRAFT REVIEWED AND APPROVED BY BOARD. |
| PART VI, SECTION B, LINE 15 | COMPENSATION FOR THE EXECUTIVE DIRECTOR SET BY BOARD BASED ON LEVEL OF EFFORT, MARKET CONDITIONS AND THE ENTITY'S BUDGET. |
| PART VI, SECTION C, LINE 19 | ALL ORGANIZATIONAL AND GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST ADDRESSED TO THE EXECUTIVE DIRECTOR AT THE HEADING ADDRESS OF THE ORGANIZATION. |
| PART VII, SECTIONS A AND B | THE EXECUTIVE DIRECTOR IS AN INDEPENDENT CONTRACTOR WHOSE COMPENSATION IS DISCLOSED UNDER SECTION B. THIS ISSUE IS CURRENTLY UNDER REVIEW BY THE INTERNAL REVENUE SERVICE. |
| PART VIII, LINE 2C | IN PRIOR YEARS MEMBERSHIP MEETING REVENUE WAS REPORTED UNDER MISCELLANEOUS REVENUE ON LINE 11A. TO PROVIDE GREATER CLARITY, THIS REVENUE IS NOW INCLUDED UNDER PROGRAM SERVICE REVENUE. |
| PART IX, LINE 11A | IN PRIOR YEARS THIS WAS REPORTED ON LINE 5. THE EXECUTIVE DIRECTOR IS AN INDEPENDENT CONTRACTOR THEREFORE, TO PROVIDE GREATER CLARITY, THIS ITEM IS NOW REPORTED AS FEES TO NON-EMPLOYEES ON LINE 11A. IN ADDITION, THE COMPENSATION COST IS NOW APPORTIONED BETWEEN FUNCTIONAL AND MANAGEMENT EXPENSES BASED ON THE RELATIVE EXPENDITURE OF TIME. |
| PART III, LINE 2 | IN MARCH 2018 THE ORGANIZATION FILED A LAWSUIT AGAINST THE DISTRICT OF COLUMBIA, ASSERTING THAT THE DISTRICT'S ATTEMPT TO LICENSE AND REGULATE FEDERAL STUDENT LOAN SERVICERS WAS PREEMPTED BY FEDERAL LAW. |
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