TEXAS GUARANTEED STUDENT LOAN CORPORATION Charity Report

Public IRS 990 nonprofit record

TEXAS GUARANTEED STUDENT LOAN CORPORATION

EIN 74-2094204 · Public & Societal Benefit (W600)

What they do

to DEVELOP and ADVANCE INITIATIVES THAT GROW INDIVIDUAL ECONOMIC MOBILITY and EXPAND COMMUNITY PROSPERITY.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $65.40 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2023The report may be old. Ask for a newer one.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders22 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

28.41%of revenue went to mission work65.4% of expenses · Program services

$58.74spent for every $100 of revenueRevenue covered expenses this year.

15.03%of revenue went to management and office costs34.6% of expenses

$14.51in assets for every $1 spent this yearSome assets cannot be spent right away.

113.8%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $704,107 for CHROMY DEBRA J (PRESIDENT/CEO). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2023

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$98,509,390

Mission workProgram services$27,986,60328.41% of revenue65.4% of expenses

ManagementOffice and general costs$14,809,03915.03% of revenue34.6% of expenses

FundraisingAsking for donations0.00% of revenue0.0% of expenses

Revenue left after expensesReported annual surplus$55,713,74856.56% of revenueShown in gray on the chart

Total expenses$42,795,64243.44% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2023CurrentExpense mix: 65.4% mission · 34.6% management · 0.0% fundraisingTotal expenses: 43.44% of revenue

2022Expense mix: 53.3% mission · 46.7% management · 0.0% fundraisingTotal expenses: 59.81% of revenue

2021Expense mix: 91.6% mission · 8.4% management · 0.0% fundraisingTotal expenses: 283.09% of revenue

2020Expense mix: 88.5% mission · 11.5% management · 0.0% fundraisingTotal expenses: 108.94% of revenue

2019Expense mix: 64.3% mission · 35.7% management · 0.0% fundraisingTotal expenses: 60.42% of revenue

2018Expense mix: 68.3% mission · 31.7% management · 0.0% fundraisingTotal expenses: 44.71% of revenue

2017Expense mix: 87.4% mission · 12.6% management · 0.0% fundraisingTotal expenses: 48.44% of revenue

2016Expense mix: 96.2% mission · 3.8% management · 0.0% fundraisingTotal expenses: 142.53% of revenue

Money in and money out

Revenue$72,856,424

Expenses$42,795,642

Annual surplus $30,060,782 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$27,986,603 · 65.4% of expenses

Management and office costs$14,809,039 · 34.6% of expenses

See all reported dollar amounts

Revenue$72,856,424

Expenses$42,795,642

Assets$620,810,061

Income$143,000,628

Contributions$82,939,983

Mission work (program services)$27,986,603

Grants given$387,924,511

Average grant$2,831,566

Management and general$14,809,039

Stocks and bonds$216,227,577

Accounting fees$763,643

People

Leadership and board

Tax year 2023

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

CHROMY DEBRA JPRESIDENT/CEO · 40 hrs/week $704,107Base $642,581 · Other $61,526

FOURNIER TIMOTHY JCHIEF OPERATING OFFICER · 40 hrs/week $640,530Base $574,975 · Other $65,555

SCHWANKE DAVID SCOTTCHIEF FINANCIAL OFFICER · 40 hrs/week $456,646Base $378,507 · Other $78,139

ASHTON BRYAN MCHIEF STRATEGY AND GROWTH OFFICER · 40 hrs/week $390,228Base $335,559 · Other $54,669

ZIMMERMAN JAMES EVP, INFORMATION TECHNOLOGY · 40 hrs/week $348,849Base $289,875 · Other $58,974

HIGH SUSAN GVP, OPERATIONS · 40 hrs/week $323,159Base $256,612 · Other $66,547

HACKLEMAN LINDA SVP, HUMAN RESOURCES · 40 hrs/week $313,474Base $250,199 · Other $63,275

SWEENEY JASON MDIRECTOR - SALES AND MARKETING · 40 hrs/week $294,333Base $247,636 · Other $46,697

WEBSTER JEFFREY JAMESDIRECTOR, RESEARCH · 40 hrs/week $259,200Base $204,558 · Other $54,642

ASHER RHONDA ACONTROLLER · 40 hrs/week $255,594Base $203,905 · Other $51,689

PADAKI CHANDRIKA MURALIINTERIM VP, INFORMATION TECHNOLOGY · 40 hrs/week $253,925Base $206,173 · Other $47,752

DICKENSON GREGORY HGENERAL COUNSEL · 40 hrs/week $248,966Base $203,343 · Other $45,623

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (22)

CHROMY DEBRA JPRESIDENT/CEO

FOURNIER TIMOTHY JCHIEF OPERATING OFFICER

SCHWANKE DAVID SCOTTCHIEF FINANCIAL OFFICER

ASHTON BRYAN MCHIEF STRATEGY AND GROWTH OFFICER

ZIMMERMAN JAMES EVP, INFORMATION TECHNOLOGY

HIGH SUSAN GVP, OPERATIONS

HACKLEMAN LINDA SVP, HUMAN RESOURCES

SWEENEY JASON MDIRECTOR - SALES AND MARKETING

WEBSTER JEFFREY JAMESDIRECTOR, RESEARCH

ASHER RHONDA ACONTROLLER

PADAKI CHANDRIKA MURALIINTERIM VP, INFORMATION TECHNOLOGY

DICKENSON GREGORY HGENERAL COUNSEL

SMITH STEVEN RAYDIRECTOR - HIGHER EDUCATION SERVICES

RAMBIKUR SARA TDIRECTOR, CORPORATE GOVERNANCE AND COMPLIANCE

RHODES RICHARDBOARD MEMBER

JOHNSON RENARDBOARD MEMBER

ESCUDERO EDWARDBOARD MEMBER

VERDE DORA ANNBOARD MEMBER

BATTS YVONNEBOARD MEMBER

MORONEY DENNISBOARD MEMBER

WILSON WELCOME JRBOARD MEMBER

ANDARZA IVANBOARD MEMBER

About this charity

Recognized since: January 1980
Location: PO BOX 83100, ROUND ROCK, TX 78683-3100
County: Williamson
In care of: % KEITH ECKELKAMP
Primary officer: DAVE SCHWANKE, CFO

How to reach them

WebsiteVisit the charity’s website Emailpartnerships@trelliscompany.org Phone(512) 219-5700

Filing and classification

Latest tax year: 2023
Tax period began: October 1, 2023
Return type: 990
Tax preparer: KPMG LLP
NTEE classification: Public & Societal Benefit (W600)
Grant-giving organization: Yes