ACCESS GROUP LOAN RESERVE TRUST I

EIN: 516522917 501(c)(3) Education

WILMINGTON, DE

Total Revenue
$453,203
Total Expenses
$17,500
Total Assets
$2,455,418
Net Assets
$2,451,043
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2000
Legal Domicile
DE
Principal Officer
DANIEL BARNES
Phone
3026518049
Tax Period
2024-04-01 to 2025-03-31

ACCESS GROUP LOAN RESERVE TRUST I, founded in 2000, is a small nonprofit in the Education sector that reported $453K in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. The organization ran a surplus of $436K, a strong 96% operating margin.

Mission

THE TRUST SERVES AS A SOURCE OF GUARANTEE FUNDS FOR STUDENT LOANS UNDER THE TAX-EXEMPT LOAN PROGRAMS ADMINISTERED BY ACCESSLEX INSTITUTE FOR THE BENEFIT OF THE SUPPORTED SCHOOLS, WHICH ARE TAX-EXEMPT INSTITUTIONS DESCRIBED IN SECTION 509(A) (1) OR (2) OF THE INTERNAL REVENUE CODE.

Program Service Accomplishments

Program 1
Revenue: $346,191

THE PURPOSE OF THIS TRUST IS TO AID LAW SCHOOL STUDENTS, LAW SCHOOL GRADUATES WHO ARE PREPARING FOR THE BAR EXAMINATION, OTHER GRADUATE AND PROFESSIONAL SCHOOL STUDENTS AND CERTAIN UNDERGRADUATE...

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THE PURPOSE OF THIS TRUST IS TO AID LAW SCHOOL STUDENTS, LAW SCHOOL GRADUATES WHO ARE PREPARING FOR THE BAR EXAMINATION, OTHER GRADUATE AND PROFESSIONAL SCHOOL STUDENTS AND CERTAIN UNDERGRADUATE STUDENTS IN ATTAINING AN EDUCATION. THE TRUST IS A SUPPORTING ORGANIZATION FOR POST-SECONDARY EDUCATIONAL INSTITUTIONS DESCRIBED IN SECTION 509(A)(1) OR (2) OF THE INTERNAL REVENUE CODE. THE TRUST CARRIES OUT ITS PURPOSE BY SERVING AS A SOURCE OF GUARANTEE FUNDS FOR STUDENT LOAN PROGRAMS CONDUCTED BY ACCESSLEX INSTITUTE, WHICH IS EXEMPT UNDER SECTION 501(C)(3). THE TRUST PROVIDES A RESERVE FOR SUPPLEMENTAL LOANS MADE BY ACCESSLEX INSTITUTE THAT ARE NOT PART OF THE FEDERAL FAMILY EDUCATIONAL LOAN PROGRAM (FFELP), COVERING THE DEFAULT OF SUCH LOANS. SUPPLEMENTAL LOANS ARE TYPICALLY NEEDED BY STUDENTS WHOSE EDUCATION IS MORE EXPENSIVE THAN THE LIMITS SET UNDER FEDERAL PROGRAMS. WITHOUT THE EXISTENCE OF A GUARANTEE, COMMERCIAL LENDERS WOULD NOT HAVE BEEN WILLING TO MAKE LOANS TO MANY BORROWERS OF SUPPLEMENTAL LOANS UNDER THE ACCESSLEX INSTITUTE PROGRAMS, BECAUSE SUCH STUDENTS TYPICALLY DO NOT HAVE THE CREDIT RECORD, CURRENT ASSETS OR CURRENT INCOME GENERALLY REQUIRED BY COMMERCIAL LENDERS FOR UNGUARANTEED LOANS. THUS, BY MAKING THE GUARANTEES REFERENCED ABOVE, THE TRUST DIRECTLY AND MATERIALLY AIDED STUDENTS IN ATTAINING AN EDUCATION. THE TRUST RECEIVED STUDENT LOAN NET RECOVERIES IN THE AMOUNT OF $346,191.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $346,191
Investment Income $107,012
Other Revenue $0
TOTAL REVENUE $453,203

Expense Breakdown

Grants Paid $0
Salaries & Benefits $17,500
Fundraising Expenses $0
Other Expenses $0
TOTAL EXPENSES $17,500

Year-over-Year Comparison

2024 2023 Change
Revenue $453,203 $482,049 -0.1%
Expenses $17,500 $17,500 N/A
Net Income $435,703 $464,549 -0.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
1
Independent Members
N/A
Employees
N/A
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
0
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A TRUSTEE 5.00
$17,500 $0 $17,500
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $453,203 $17,500 $2,455,418 $435,703
2024 $482,049 $17,500 $2,019,715 $464,549
2023 $428,957 $17,500 $1,555,166 $411,457
2022 $589,905 $17,500 $1,143,709 $572,405
2021 $489,293 $17,500 $571,304 $471,793
2020 $2,207 $79,495 $99,511 $-77,288
2019 $3,104 $254,794 $176,799 $-251,690
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