Student Loan Guarantee Foundation Of Arkansas

N Little Rock, AR
Tax-exempt since Sept. 1967
EIN: 71-0394768

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Type of Nonprofit

Designated as a 501(c)3 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.

Revenue

$20k (2022)

Expenses

$531k (2022)

Total Assets

$4.79M (2022)

Total Liabilities

$29.5k (2022)

Source: Form 990 tax filings from 2011 to 2022

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 Sept.
2022

Revenue

$19,989

Expenses

$531,013

Net Income

-$511,024

Net Assets

$4,762,144

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$11,880	59.4%
Dividends	$8,109	40.6%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$427,807	80.6%
Compensation of Officers*	$134,893	25.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$4,791,598
Total Liabilities	$29,454
Net Assets	$4,762,144

Compensation

Key Employees and Officers	Compensation	Other
Ms Kimbery Elrod (Executive Director)	$113,818	$10,275
Angela Vance (Fin Accouunting Spec)	$52,223	$4,228
Mr Mark Ryan (President)	$2,700	$0
Dr Samuel Howell (Vice President)	$2,700	$0
Dr Tom Bishop (Secretary)	$2,700	$0
Ms Susan Balest (Director)	$2,700	$0

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990-PF

Filed on June 23, 2023

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

XML

Fiscal Year Ending Sept.
2021

Revenue

$1,265

Expenses

$442,298

Net Income

-$441,033

Net Assets

$5,503,714

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$225	17.8%
Dividends	$1,040	82.2%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$339,354	76.7%
Compensation of Officers*	$135,123	30.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$5,532,296
Total Liabilities	$28,582
Net Assets	$5,503,714

Compensation

Key Employees and Officers	Compensation	Other
Ms Kimbery Elrod (Executive Director)	$118,924	$9,664
Angela Vance (Fin Accouunting Spec)	$50,196	$5,377
Mr Mark Ryan (President)	$4,050	$0
Dr Samuel Howell (Vice President)	$4,050	$0
Dr Tom Bishop (Secretary)	$4,050	$0
Ms Susan Balest (Director)	$4,050	$0

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990-PF

Filed on June 29, 2022

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

XML

Fiscal Year Ending Sept.
2020

Revenue

$56,960

Expenses

$857,661

Net Income

-$800,701

Net Assets

$5,944,747

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$54,460	95.6%
Dividends	$2,402	4.2%
Sales of Assets	$98	0.2%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$703,099	82.0%
Compensation of Officers*	$463,410	54.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$5,972,227
Total Liabilities	$27,480
Net Assets	$5,944,747

Compensation

Key Employees and Officers	Compensation	Other
Ms Susan Balest (Executive Director/Cfo)	$331,353	$31,338
William Batte (Information System &)	$148,087	$16,903
Ms Kimbery Elrod (Deputy Director)	$119,032	$9,706
John Williams (Debt Management Admi)	$65,145	$7,177
Mr Mark Ryan (President)	$4,050	$0
Dr Samuel Howell (Vice President)	$4,050	$0
Dr Tom Bishop (Secretary)	$4,050	$0
Mr Gary Greene (Director)	$875	$0

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990-PF

Filed on March 11, 2021

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

PDF XML

Fiscal Year Ending Sept.
2019

Revenue

-$290,602

Expenses

$1,727,520

Net Income

-$2,018,122

Net Assets

$6,747,488

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$186,849
Investment Income	$95,929
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$3,743
Net Fundraising	$0
Sales of Assets	-$577,123
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$380,621	22.0%
Professional Fundraising Fees	$0
Other Salaries and Wages	$669,272	38.7%

Assets/Debt
Total Assets	$6,886,997
Total Liabilities	$139,509
Net Assets	$6,747,488

Compensation

Key Employees and Officers	Compensation	Related	Other
Ms Susan Balest (Executive Director/Cfo)	$210,874	$0	$30,811
Ms Kimberly Elrod (Deputy Director)	$111,119	$0	$9,926
Mr Mark Ryan (Member)	$4,925	$0	$0
Dr Tom Bishop (Member)	$4,525	$0	$0
Mr Gary Greene (Member)	$4,450	$0	$0
Dr Samuel Howell (Member)	$4,125	$0	$0

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990

Filed on March 17, 2020

Primary tax return for a nonprofit’s activities, finances, and governance

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Schedules ▼

PDF XML

Fiscal Year Ending Sept.
2018

Revenue

$264,763

Expenses

$1,954,287

Net Income

-$1,689,524

Net Assets

$8,752,066

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$166,329	62.8%
Investment Income	$87,206	32.9%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$11,228	4.2%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$368,158	18.8%
Professional Fundraising Fees	$0
Other Salaries and Wages	$785,170	40.2%

Assets/Debt
Total Assets	$8,919,809
Total Liabilities	$167,743
Net Assets	$8,752,066

Compensation

Key Employees and Officers	Compensation	Related	Other
Ms Susan Balest (Executive Director/Cfo)	$197,242	$0	$27,990
Dr Samuel Howell (Member)	$3,575	$0	$0
Dr Tom Bishop (Member)	$3,575	$0	$0
Mr Mark Ryan (Member)	$3,575	$0	$0
Mr Gary Greene (Member)	$3,100	$0	$0
Ms Kimberly Elrod (Deputy Director)	$0	$0	$0

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990

Filed on June 24, 2019

Primary tax return for a nonprofit’s activities, finances, and governance

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Schedules ▼

PDF XML

Fiscal Year Ending Sept.
2017

Revenue

$174,034

Expenses

$2,005,200

Net Income

-$1,831,166

Net Assets

$10,460,328

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$49,430	28.4%
Investment Income	$113,376	65.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$11,228	6.5%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$230,038	11.5%
Professional Fundraising Fees	$0
Other Salaries and Wages	$913,622	45.6%

Assets/Debt
Total Assets	$10,622,371
Total Liabilities	$162,043
Net Assets	$10,460,328

Compensation

Key Employees and Officers	Compensation	Related	Other
Ms Susan Balest (Executive Director/Cfo)	$192,262	$0	$25,833
Dr Samuel Howell (Member)	$3,175	$0	$0
Dr Tom Bishop (Member)	$3,175	$0	$0
Mr Gary Greene (Member)	$3,175	$0	$0
Mr Mark Ryan (Member)	$3,175	$0	$0

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990

Filed on July 2, 2018

Primary tax return for a nonprofit’s activities, finances, and governance

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PDF XML

Fiscal Year Ending Sept.
2016

Revenue

$231,514

Expenses

$2,414,188

Net Income

-$2,182,674

Net Assets

$12,342,750

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$23,330	10.1%
Investment Income	$196,956	85.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$11,228	4.8%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$235,325	9.7%
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,195,721	49.5%

Assets/Debt
Total Assets	$12,513,749
Total Liabilities	$170,999
Net Assets	$12,342,750

Compensation

Key Employees and Officers	Compensation	Related	Other
Ms Susan Balest (Executive Director/Cfo)	$186,338	$0	$27,172
Dr Samuel Howell (Director)	$5,425	$0	$0
Mr Gary Greene (Director)	$5,025	$0	$0
Dr Tom Bishop (Director)	$4,950	$0	$0
Mr Mark Ryan (Director)	$4,625	$0	$0
Mr Harold Mc Donald (Director)	$2,800	$0	$0

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990

Filed on May 11, 2017

Primary tax return for a nonprofit’s activities, finances, and governance

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PDF XML

Fiscal Year Ending Sept.
2015

Revenue

$112,268

Expenses

$2,917,712

Net Income

-$2,805,444

Net Assets

$14,614,113

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$3,976	3.5%
Investment Income	$101,742	90.6%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$6,550	5.8%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$235,421	8.1%
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,376,188	47.2%

Assets/Debt
Total Assets	$14,803,241
Total Liabilities	$189,128
Net Assets	$14,614,113

Compensation

Key Employees and Officers	Compensation	Related	Other
Ms Susan Balest (Executive Director/Cfo)	$180,559	$0	$26,916
Dr Samuel Howell (Director)	$1,950	$0	$0
Mr Harold Mc Donald (Director)	$1,950	$0	$0
Dr Tom Bishop (Director)	$1,525	$0	$0
Mr Gary Greene (Director)	$1,525	$0	$0
Mr Bert Mullens (Director)	$1,425	$0	$0
Mr Mark Ryan (Director)	$1,250	$0	$0
Ms Cheryl Lyons (Director)	$0	$0	$0

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990

Filed on May 12, 2016

Primary tax return for a nonprofit’s activities, finances, and governance

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PDF XML

Fiscal Year Ending Sept.
2014

Revenue

$20,569,564

Expenses

$18,722,312

Net Income

$1,847,252

Net Assets

$17,562,888

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$20,563,991	100.0%
Investment Income	$5,573	0.0%
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	$209,440	1.1%
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,886,497	10.1%

Assets/Debt
Total Assets	$20,551,826
Total Liabilities	$2,988,938
Net Assets	$17,562,888

Compensation

Key Employees and Officers	Compensation	Related	Other
Ms Susan Balest (Executive Director/Cfo)	$169,674	$0	$25,781
Mr Ronnie Nichoalds (Former Executive Director)	$12,264	$0	$1,987
Dr Samuel Howell (Director)	$1,950	$0	$0
Dr Tom Bishop (Director)	$1,775	$0	$0
Mr Gary Greene (Director)	$1,525	$0	$0
Mr Harold Mc Donald (Director)	$1,525	$0	$0
Mr Mark Ryan (Director)	$1,250	$0	$0
Mr Bert Mullens (Director)	$1,175	$0	$0
Ms Lisa Hopper (Director)	$0	$0	$0
Ms Cheryl Lyons (Director)	$0	$0	$0

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990

Filed on March 24, 2015

Primary tax return for a nonprofit’s activities, finances, and governance

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PDF XML

Fiscal Year Ending Sept.
2013

Revenue

$20,150,412

Expenses

$17,000,283

Net Income

$3,150,129

Net Assets

$15,715,636

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$20,143,583	100.0%
Investment Income	$6,829	0.0%
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	$279,895	1.6%
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,731,926	10.2%

Assets/Debt
Total Assets	$17,239,229
Total Liabilities	$1,523,593
Net Assets	$15,715,636

990

Filed on June 4, 2014

Primary tax return for a nonprofit’s activities, finances, and governance

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Schedules ▼

PDF XML

Fiscal Year Ending Sept.
2012

Revenue

$19,464,580

Expenses

$17,223,184

Net Income

$2,241,396

Net Assets

$12,565,507

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$19,469,130	> 100%
Investment Income	$9,180	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	-$13,730
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$371,359	2.2%
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,800,179	10.5%

Assets/Debt
Total Assets	$17,597,548
Total Liabilities	$5,032,041
Net Assets	$12,565,507

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Sept.
2011

Revenue

$17,196,339

Expenses

$16,105,483

Net Income

$1,090,856

Net Assets

$10,324,111

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$17,190,032	100.0%
Investment Income	$6,307	0.0%
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	$364,904	2.3%
Professional Fundraising Fees	$0
Other Salaries and Wages	$2,027,461	12.6%

Assets/Debt
Total Assets	$20,880,631
Total Liabilities	$10,556,520
Net Assets	$10,324,111

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Sept.
2010

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

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Sept.
2009

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

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Sept.
2008

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

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

PDF (2 of 2)

Fiscal Year Ending Sept.
2007

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

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Sept.
2006

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

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Sept.
2005

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

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Sept.
2004

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

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Sept.
2003

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

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Sept.
2002

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

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Sept.
2001

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

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

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

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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For those interested in acquiring the original data from the source, here’s where our data comes from:

Raw filing data. Includes EINs and summary financials as structured data.
Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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By Andrea Suozzo, Alec Glassford and Ash Ngu, ProPublica, and Brandon Roberts, Special to ProPublica.
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E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

Updated April 12, 2024

Student Loan Guarantee Foundation Of Arkansas

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $20k (2022)

Expenses $531k (2022)

Total Assets $4.79M (2022)

Total Liabilities $29.5k (2022)

Tax Filings by Year

Fiscal Year Ending Sept. 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Sept. 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Sept. 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Sept. 2019

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Sept. 2018

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Sept. 2017

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Sept. 2016

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Sept. 2015

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Sept. 2014

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Sept. 2013

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Sept. 2012

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Sept. 2011

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Sept. 2010

No Extracted Financial Data

Revenue

$20k (2022)

Expenses

$531k (2022)

Total Assets

$4.79M (2022)

Total Liabilities

$29.5k (2022)

Fiscal Year Ending Sept.
2022

Fiscal Year Ending Sept.
2021

Fiscal Year Ending Sept.
2020

Fiscal Year Ending Sept.
2019

Fiscal Year Ending Sept.
2018

Fiscal Year Ending Sept.
2017

Fiscal Year Ending Sept.
2016

Fiscal Year Ending Sept.
2015

Fiscal Year Ending Sept.
2014

Fiscal Year Ending Sept.
2013

Fiscal Year Ending Sept.
2012

Fiscal Year Ending Sept.
2011

Fiscal Year Ending Sept.
2010

Fiscal Year Ending Sept.
2009

Fiscal Year Ending Sept.
2008

Fiscal Year Ending Sept.
2007

Fiscal Year Ending Sept.
2006

Fiscal Year Ending Sept.
2005

Fiscal Year Ending Sept.
2004

Fiscal Year Ending Sept.
2003

Fiscal Year Ending Sept.
2002

Fiscal Year Ending Sept.
2001