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Pheaa Student Loan Foundation Inc

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Public, Society Benefit — Multipurpose and Other / Financial Institutions, Services (Non-Government Related) (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$104M (2023)

Expenses
$92.8M (2023)

Total Assets
$1.73B (2023)

Total Liabilities
$1.55B (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending June
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$104,214,880
Expenses
$92,848,038
Net Income
$11,366,842
Net Assets
$177,264,494
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $101,364,587
97.3%
Investment Income $2,850,293
2.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,729,101,883
Total Liabilities $1,551,837,389
Net Assets $177,264,494
Compensation
Key Employees and Officers Compensation Related Other
Nathaniel D Hench (President And Director) $0 $217,100 $13,962
Kyle Lefever (Secretary And Director) $0 $209,006 $13,494
William Walker (Treasurer And Director) $0 $139,723 $9,014
Rebecca Howell (Director) $0 $3,000 $0
Brian Hamilton End 0523 (Director) $0 $2,750 $0
Jennifer Luce Start 0523 (Director) $0 $250 $0

Document Links

Fiscal Year Ending June
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$55,394,256
Expenses
$41,474,609
Net Income
$13,919,647
Net Assets
$182,119,023
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $55,252,677
99.7%
Investment Income $141,579
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $2,204,662,034
Total Liabilities $2,022,543,011
Net Assets $182,119,023
Compensation
Key Employees and Officers Compensation Related Other
Nathaniel D Hench (President And Director) $0 $207,446 $13,322
Kyle Lefever (Secretary And Director) $0 $181,926 $11,739
William Walker (Treasurer And Director) $0 $136,053 $8,777
Kristin Moore End 0122 (Director) $0 $3,000 $0
Rebecca Howell (Director) $0 $3,000 $0
Brian Hamilton Start 0222 (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$62,263,468
Expenses
$43,063,987
Net Income
$19,199,481
Net Assets
$218,604,108
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $60,717,724
97.5%
Investment Income $14,804
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $1,530,940
2.5%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $2,561,941,161
Total Liabilities $2,343,337,053
Net Assets $218,604,108
Compensation
Key Employees and Officers Compensation Related Other
Andrew D Mehalko End 182021 (Secretary And Director) $0 $212,389 $13,614
Nathaniel D Hench (President And Director) $0 $206,741 $13,314
Kyle Lefever Start 01212021 (Secretary And Director) $0 $151,197 $9,724
William Walker (Treasurer And Director) $0 $120,696 $7,840
Kristin Moore (Director) $0 $3,000 $0
Rebecca Howell (Director) $0 $3,000 $0

Document Links

Fiscal Year Ending June
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$118,674,188
Expenses
$94,067,743
Net Income
$24,606,445
Net Assets
$271,774,141
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $104,352,326
87.9%
Investment Income $1,229,478
1.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $13,092,384
11.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $3,029,973,651
Total Liabilities $2,758,199,510
Net Assets $271,774,141
Compensation
Key Employees and Officers Compensation Related Other
Andrew D Mehalko (Secretary And Director) $0 $205,580 $13,179
Nathaniel D Hench (President And Director) $0 $198,801 $12,839
William Walker (Treasurer & Director) $0 $111,134 $7,225
Kristin Moore (Director) $0 $3,000 $0
Rebecca Howell (Director Start 02/19/2020) $0 $2,750 $0
Ruth Bradley (Director Until 02/19/2020) $0 $250 $0

Document Links

Fiscal Year Ending June
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$174,319,994
Expenses
$140,200,416
Net Income
$34,119,578
Net Assets
$261,925,325
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $144,756,254
83.0%
Investment Income $2,422,327
1.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $27,141,413
15.6%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $3,504,450,278
Total Liabilities $3,242,524,953
Net Assets $261,925,325
Compensation
Key Employees and Officers Compensation Related Other
Nathaniel D Hench (President And Director) $0 $182,935 $11,875
Ruth Bradley (Director) $0 $3,000 $0
William Walker (Treas. & Direct. Start 04/2019) $0 $100,541 $6,474
James H Steeley (Treas. & Direct. Until 04/2019) $0 $276,454 $17,188
Kristin Moore (Director Starting 11/2018) $0 $3,000 $0
Andrew D Mehalko (Secretary And Director) $0 $171,460 $10,976
Jeffrey R Everhart (Director Until 11/2018) $0 $0 $0

Document Links

Fiscal Year Ending June
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$172,185,925
Expenses
$121,363,208
Net Income
$50,822,717
Net Assets
$246,504,075
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $130,456,556
75.8%
Investment Income $1,520,753
0.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $40,208,616
23.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $3,891,721,776
Total Liabilities $3,645,217,701
Net Assets $246,504,075
Compensation
Key Employees and Officers Compensation Related Other
Andrew D Mehalko (Secretary And Director) $0 $156,988 $10,024
James H Steely (Treasurer & Director) $0 $241,721 $15,459
Jeffrey R Everhart (Director) $0 $3,000 $0
Raye D Goldsborough (Director (Through 06/2018)) $0 $1,500 $0
Nathaniel D Hench (President And Director) $0 $184,443 $11,875
Ruth Bradley (Director) $0 $1,500 $0

Document Links

Fiscal Year Ending June
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$172,554,555
Expenses
$112,922,066
Net Income
$59,632,489
Net Assets
$216,941,869
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $120,179,178
69.6%
Investment Income $587,880
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $51,787,497
30.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $4,463,411,425
Total Liabilities $4,246,469,556
Net Assets $216,941,869
Compensation
Key Employees and Officers Compensation Related Other
Andrew D Mehalko (Secretary And Director) $0 $152,947 $9,754
James H Steely (Treasurer & Director) $0 $235,031 $15,180
Jeffrey R Everhart (Director (Join Apr 16)) $0 $3,000 $0
Raye D Goldsborough (Director) $0 $3,000 $0
Nathaniel D Hench (President And Director) $0 $158,836 $10,256

Document Links

Fiscal Year Ending June
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$153,655,863
Expenses
$95,919,719
Net Income
$57,736,144
Net Assets
$188,263,892
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $118,733,982
77.3%
Investment Income $241,196
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $34,680,685
22.6%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $4,891,740,041
Total Liabilities $4,703,476,149
Net Assets $188,263,892
Compensation
Key Employees and Officers Compensation Related Other
Raye D Goldsborough (Director) $0 $3,000 $0
Lori E Cooney (Director(left Apr 16)) $0 $3,000 $0
Nathaniel D Hench (President And Director) $0 $163,579 $10,510
Timothy A Guenther (Treasurer & Dir.(Left Sept 15)) $0 $225,672 $11,860
Andrew D Mehalko (Secretary And Director) $0 $158,464 $10,106
James Steely (Director) $0 $22,795 $1,457
Jeffrey R Everhart (Director (Join Apr 16)) $0 $0 $0
Michael Sauers (Director (Left Jan 16)) $0 $0 $0

Document Links

Fiscal Year Ending June
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$137,826,612
Expenses
$100,492,751
Net Income
$37,333,861
Net Assets
$143,037,020
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $114,216,209
82.9%
Investment Income $17,118
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $23,593,285
17.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $5,765,471,009
Total Liabilities $5,622,433,989
Net Assets $143,037,020
Compensation
Key Employees and Officers Compensation Related Other
Nathaniel D Hench (President And Director) $0 $153,717 $9,838
Timothy A Guenther (Treasurer And Director) $0 $213,797 $14,071
Andrew D Mehalko (Secretary And Director) $0 $148,757 $9,459
Raye D Goldsborough (Director) $0 $15,000 $0
Lori E Cooney (Director) $0 $15,000 $0

Document Links

Fiscal Year Ending June
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$106,067,073
Expenses
$86,649,514
Net Income
$19,417,559
Net Assets
$16,640,003
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $81,428,314
76.8%
Investment Income $11,731
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $24,627,028
23.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $4,493,587,660
Total Liabilities $4,476,947,657
Net Assets $16,640,003
Compensation
Key Employees and Officers Compensation Related Other
Nathaniel D Hench (President And Director) $0 $152,224 $9,705
Timothy A Guenther (Treasurer And Director) $0 $217,322 $13,948
Andrew D Mehalko (Secretary And Director) $0 $137,378 $8,717
Raye Goldsborough (Director) $0 $15,000 $0
Lori E Cooney (Director) $0 $15,000 $0

Document Links

Fiscal Year Ending June
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$83,456,384
Expenses
$60,711,358
Net Income
$22,745,026
Net Assets
-$3,826,847
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $62,162,108
74.5%
Investment Income $24,854
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $21,269,422
25.5%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $3,247,184,170
Total Liabilities $3,251,011,017
Net Assets -$3,826,847

Document Links

Fiscal Year Ending June
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$185,161,112
Expenses
$64,792,659
Net Income
$120,368,453
Net Assets
-$12,372,642
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $164,895,215
89.1%
Investment Income $74,543
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $20,191,354
10.9%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $3,055,592,954
Total Liabilities $3,067,965,596
Net Assets -$12,372,642

Document Links

Fiscal Year Ending June
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$42,059,380
Expenses
$30,159,548
Net Income
$11,899,832
Net Assets
$85,719,651
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $41,973,618
99.8%
Investment Income $33,860
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $51,902
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,699,569,222
Total Liabilities $1,613,849,571
Net Assets $85,719,651

Document Links

Fiscal Year Ending June
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

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