Student Loan Fund Of Idaho Marketing Association Inc in Fruitland, Idaho (ID)

Student Loan Fund Of Idaho Marketing Association Inc
Employer Identification Number (EIN)	820352591
Name of Organization	Student Loan Fund Of Idaho Marketing Association Inc
Address	PO BOX 389, Fruitland, ID 83619-0389
Activities	Student loans
Subsection	Educational Organization
Ruling Date	07/1980
Deductibility	Contributions are deductible
Foundation	Organization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes
Organization	Corporation
Exempt Organization Status	Conditional Exemption
Tax Period	12/2005
Assets	$5,000,000 to $9,999,999
Income	$500,000 to $999,999
Filing Requirement	990 (all other) or 990EZ return
Asset Amount	$8,064,530
Amount of Income	$610,534
Form 990 Revenue Amount	$610,534
National Taxonomy of Exempt Entities (NTEE)	Public, Society Benefit - Multipurpose and Other: Financial Institutions, Services (Non-Government Related)

Non-representatives - add comments:

Amount of income in 2005: $610,534

This organization:	$610,534
Other organizations performing similar types of work:	$17,411,158

Assets in 2005: $8,064,530

This organization:	$8,064,530
Other organizations performing similar types of work:	$31,009,900

Expenses in 2001: $3,833,824

This organization:	$3,833,824
Other organizations performing similar types of work:	$12,044,975

Income to expenses ratio in 2001: 0.9

This organization:	0.9
Other organizations performing similar types of work:	1.3

Expenses allocated to program services in 2001: 100.0%

This organization:	100.0%
Other organizations performing similar types of work:	95.9%

Number of employees in 2001: 1

This organization:	1
Other organizations performing similar types of work:	26

Employees paid over $50,000 in 2001: 0.0%

Student Loan Fund Of Idaho Marketing Association Inc:	0.0%
Other organizations performing similar types of work:	26.4%

Financial snapshot ($)

Revenue for 2001

Assets at end of 2001

Functional Expenses for 2001 ($)

Income-Producing Activities for 2001

	2000	2001
Revenue, Expenses, and Changes in Net Assets or Fund Balances
Total revenue	$4,876,815	$3,444,332
Contributions, gifts, grants, and similar amounts received	$0	$0
Contributions to donor advised funds
Direct public support	$0	$0
Indirect public support	$0	$0
Government contributions (grants)	$0	$0
Program service revenue including government fees and contracts	$3,320,059	$2,204,012
Membership dues and assessments	$0	$0
Interest on savings and temporary cash investments	$1,556,756	$1,240,320
Dividends and interest from securities	$0	$0
Net rental income or (loss)	$0	$0
Gross rents	$0	$0
Less: rental expenses	$0	$0
Other investment income	$0	$0
Gain or (loss) from sales of assets other than inventory	$0	$0
Gross amount from sales of assets other than inventory	$0	$0
Less: cost or other basis and sales expenses	$0	$0
Net income or (loss) from special events and activities	$0	$0
Gross revenue	$0	$0
Less: direct expenses other than fundraising expenses	$0	$0
Gross profit or (loss) from sales of inventory	$0	$0
Gross sales of inventory, less returns and allowances	$0	$0
Less: cost of goods sold	$0	$0
Other revenue	$0	$0
Total expenses	$4,572,781	$3,833,824
Program services	$4,572,781	$3,833,824
Management and general	$0	$0
Fundraising	$0	$0
Payments to affiliates	$0	$0
Net assets or fund balances at end of year	$5,564,110	$5,174,618
Excess or (deficit) for the year	$304,034	$-389,492
Net assets or fund balances at beginning of year	$5,260,076	$5,564,110
Other changes in net assets or fund balances	$0	$0

	Total	Program services	Management and general	Fundraising
Statement of Functional Expenses (for 2001)
Total functional expenses	$3,833,827	$3,833,827	$0	$0
Grants paid from donor advised funds
Other grants and allocations		$0
Specific assistance to individuals		$0
Benefits paid to or for members		$0
Compensation of current officers, directors, key employees, etc.	$567,623	$567,623	$0	$0
Compensation of former officers, directors, key employees, etc.
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)
Salaries and wages of employees not included above	$0	$0	$0	$0
Pension plan contributions not included above	$24,953	$24,953	$0	$0
Employee benefits not included above	$0	$0	$0	$0
Payroll taxes	$6,469	$6,469	$0	$0
Professional fundraising fees	$0	$0	$0	$0
Accounting fees	$0	$0	$0	$0
Legal fees	$0	$0	$0	$0
Supplies	$2,176	$2,176	$0	$0
Telephone	$23,346	$23,346	$0	$0
Postage and shipping	$31,311	$31,311	$0	$0
Occupancy	$0	$0	$0	$0
Equipment rental and maintenance	$0	$0	$0	$0
Printing and publications	$13,406	$13,406	$0	$0
Travel	$38,590	$38,590	$0	$0
Conferences, conventions, and meetings	$0	$0	$0	$0
Interest	$2,582,724	$2,582,724	$0	$0
Depreciation, depletion, etc.	$35,000	$35,000	$0	$0
Other expenses not covered above	$508,226	$508,226	$0	$0

	2000	2001
Balance Sheets
Total assets	$56,310,511	$33,187,451
Cash - non-interest-bearing	$0	$0
Savings and temporary cash investments	$2,043,223	$2,323,884
Accounts receivable less allowance for doubtful accounts	$0	$0
Pledges receivable less allowance for doubtful accounts	$0	$0
Grants receivable	$0	$0
Receivables from current and former officers, directors, trustees, and key employees	$0	$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)
Other notes and loans receivable less allowance for doubtful accounts	$28,293,678	$22,347,867
Inventories for sale or use	$0	$0
Prepaid expenses and deferred charges	$293,160	$160,250
Investments - publicly-traded securities
Investments - other securities	$0	$0
Investments - land, buildings, and equipment less accumulated depreciation	$70,000	$0
Investments - other	$24,555,210	$7,665,210
Land, buildings, and equipment less accumulated depreciation	$0	$140,000
Other assets, including program-related investments	$1,055,240	$550,240
Total liabilities	$50,746,401	$28,012,833
Accounts payable and accrued expenses	$885,255	$526,372
Grants payable	$0	$0
Deferred revenue	$0	$0
Loans from officers, directors, trustees, and key employees	$0	$0
Tax-exempt bond liabilities	$0	$27,486,461
Mortgages and other notes payable	$49,861,146	$0
Other liabilities	$0	$0
Total liabilities and net assets/fund balances	$56,310,511	$33,187,451
Total net assets or fund balances	$5,564,110	$5,174,618

	2000	2001
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
Total revenue	$4,876,815	$3,444,332
Total revenue, gains, and other support per audited financial statements	$4,876,815	$3,444,332
Other expenses	$0	$0
Net unrealized gains on investments	$0	$0
Donated services and use of facilities	$0	$0
Recoveries of prior year grants	$0	$0
Other	$0	$0
Other revenue	$0	$0
Investment expenses	$0	$0
Other	$0	$0

	2000	2001
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
Total expenses	$4,572,781	$3,833,824
Total expenses and losses per audited financial statements	$4,572,781	$3,833,824
Other revenue	$0	$0
Donated services and use of facilities	$0	$0
Prior year adjustments	$0	$0
Losses	$0	$0
Other	$0	$0
Other expenses	$0	$0
Investment expenses	$0	$0
Other	$0	$0

Current Officers, Directors, Trustees, and Key Employees

Total number of officers, directors, and trustees permitted to vote on organization business at board meetings	0
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?
Does the organization have a written conflict of interest policy?

Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?	No
Was there a liquidation, dissolution, termination, or substantial contraction during the year?	No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?	Yes
Direct and indirect political expenditures	$0
Did the organization file Form 1120-POL for this year?	No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members	$0
Section 162(e) lobbying and political expenditures	$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices	$0
Taxable amount of lobbying and political expenditures	$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions	$0
Gross receipts for public use of club facilities	$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?
Amount of tax imposed on the organization during the year under: section 4911	$0
Amount of tax imposed on the organization during the year under: section 4912	$0
Amount of tax imposed on the organization during the year under: section 4955	$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?	No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958	$0
Amount of tax above, reimbursed by the organization	$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?
Did the organization acquire a direct or indirect interest in any applicable insurance contract?
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?
Number of employees employed in the pay period that includes March 12, 2006	1

	Unrelated business income		Excluded by section 512, 513, or 514		Related or exempt function income
Analysis of Income-Producing Activities (for 2001)
	Business code	Amount	Exclusion code	Amount	Related or exempt function income
Total		$0		$1,240,320	$2,204,012
Program service revenue
Program service revenue 1	000000	$0	00	$0	$2,204,012
Program service revenue 2	000000	$0	00	$0	$0
Program service revenue 3	000000	$0	00	$0	$0
Program service revenue 4	000000	$0	00	$0	$0
Program service revenue 5	000000	$0	00	$0	$0
Medicare/Medicaid payments	000000	$0	00	$0	$0
Fees and contracts from government agencies	000000	$0	00	$0	$0
Membership dues and assessments	000000	$0	00	$0	$0
Interest on savings and temporary cash investments	000000	$0	Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)	$1,240,320	$0
Dividends and interest from securities	000000	$0	00	$0	$0
Net rental income or (loss) from real estate
debt-financed property	000000	$0	00	$0	$0
not debt-financed property	000000	$0	00	$0	$0
Net rental income or (loss) from personal property	000000	$0	00	$0	$0
Other investment income	000000	$0	00	$0	$0
Gain or (loss) from sales of assets other than inventory	000000	$0	00	$0	$0
Net income or (loss) from special events	000000	$0	00	$0	$0
Gross profit or (loss) from sales of inventory	000000	$0	00	$0	$0
Other revenue	000000	$0	00	$0	$0

EIN of corporation, partnership, or disregarded entity	Percentage of ownership interest	Total income	End-of-year assets
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2001)
	0%	$0	$0
	0%	$0	$0
	0%	$0	$0
	0%	$0	$0

Compensation	Contributions to employee benefit plans & deferred compensation	Expense account and other allowances
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2001)
$0	$0	$0
$0	$0	$0
$0	$0	$0
$0	$0	$0
$0	$0	$0

Total number of other employees paid over $50,000	0

Total number of other employees paid over $50,000

Statements About Activities (for 2001)
Expenses paid or incurred in connection with the lobbying activities	$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?
Did the organization maintain any donor advised funds?
Did the organization make any taxable distributions under section 4966?
Did the organization make a distribution to a donor, donor advisor, or related person?
The total number of donor advised funds owned at the end of the tax year
The aggregate value of assets held in all donor advised funds owned at the end of the tax year
The total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts
The aggregate value of assets held in all funds or accounts included above at the end of the tax year

Reason for Non-Private Foundation Status
The organization is not a private foundation because it is	Organization that normally receives: less than 1/3 of its support from gross investment income and unrelated taxable business income and more than 1/3 of its support from contribution, membership fees

	1999	2000
Support Schedule
Total	$5,984,366	$4,876,815
Gifts, grants, and contributions received	$0	$0
Membership fees received	$0	$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose	$4,865,656	$3,320,059
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975	$1,118,710	$1,556,756
Net income from unrelated business activities not included above	$0	$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf	$0	$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge	$0	$0
Other income	$0	$0

Lobbying Expenditures by Electing Public Charities (for 2001)
Total exempt purpose expenditures	$0
Total lobbying expenditures	$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)	$0
Total lobbying expenditures to influence a legislative body (direct lobbying)	$0
Other exempt purpose expenditures	$0
Lobbying nontaxable amount	$0
Grassroots nontaxable amount	$0

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Id	Name	Address	State	Established	Total Income
Organizations performing similar types of work
1	Helios Education Foundation	2415 E Camelback Rd Ste 500, Phoenix, AZ 85016-9289	AZ	1983-02	$722,870,749
2	Educational Credit Management Corporation	1 Imation Place Bldg 2, Oakdale, MN 55128-3422	MN	1995-08	$455,413,491
3	Wyoming Student Loan Corporation	1401 Airport Pkwy Ste 300, Cheyenne, WY 82001-1543	WY	1980-06	$213,549,745
4	South Carolina Student Loan Corporation	PO BOX 102405, Columbia, SC 29224-2405	SC	1975-01	$168,965,769
5	Texas Guaranteed Student Loan Corporation	PO BOX 83100, Round Rock, TX 78683-3100	TX	1980-10	$165,223,954
6	Educational Funding Of The South Inc	12700 Kingston Pike, Knoxville, TN 37934-0917	TN	1987-12	$115,494,687
7	Indiana Secondary Market For Education Loans Inc	251 N Illinois St Ste 400, Indianapolis, IN 46204-1944	IN	1981-02	$95,598,733
8	Chela Financial Usa Inc	San Francisco, CA 94111	CA		$81,331,925
9	Connecticut Student Loan Foundtion	7271 Engle Rd Ste 101, Cleveland, OH 44130-8404	OH	1986-10	$80,610,321
10	The Landmarks Financial Corporation	100 W Station Square Dr Ste 450, Pittsburgh, PA 15219-1139	PA	1984-07	$61,780,376
11	Granite State Management & Resources	4 Barrell Ct, Concord, NH 03301-8543	NH	1987-12	$51,036,060
12	Access To Loans For Learning Student Loan Corporation	6601 Center Dr W, Los Angeles, CA 90045-1582	CA	1984-01	$46,134,441
13	Efsi	Waco, TX 76710	TX		$36,176,188
14	Capital Impact Partners	2011 Crystal Drive, Arlington, VA 22202-3709	VA	1985-04	$28,663,510
15	Southwest Student Services Corp	Gilbert, AZ 85233	AZ		$27,127,976
16	Fl Educational Loan Marketing Corp	Mesa, AZ 85210	AZ		$21,400,868
17	Student Loan Guarantee Foundation Of Arkansas	10 Turtle Creek Ln, Little Rock, AR 72202-1884	AR	1967-09	$20,569,564
18	Brazos Student Finance Corporation	PO BOX 1308, Waco, TX 76703-1308	TX	1985-08	$20,195,831
19	Student Loan Fund Of Idaho Marketing Association Inc	PO BOX 389, Fruitland, ID 83619-0389	ID	1980-07	$610,534
20	Christian Financial Services	4513 Hixson Pike Suite 109, Hixson, TN 37343	TN	2003-06	$0

Number of organizations performing similar types of work

Arkansas	1
Arizona	3
California	5
Florida	1
Idaho	1
Indiana	1
Massachusetts	2
Maine	1
Michigan	2
Minnesota	1
Montana	1

New Hampshire	2
New York	1
Ohio	1
Pennsylvania	2
South Carolina	1
Tennessee	2
Texas	8
Virginia	2
Washington	1
Wisconsin	1
Wyoming	1

Total

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