Pheaa Student Loan Foundation Inc
100% goes to programs Strong reserves Growing revenue
Pheaa Student Loan Foundation Inc is a 501(c)(3) organization based in Harrisburg, Pennsylvania, registered in 2003, with $71,037,628 in FY2024 revenue. CharityIndex grades it B, and it directs about 100% of spending to programs.
1200 N 7th St, Harrisburg, PA, 17102 EIN 51-0423553 Since 2003
Revenue (FY2024)
$71.0M
▼ 34.8% vs prior year
Public Benefit median: $140K
Expenses (FY2024)
$65.6M
Net assets
$132.4M
Employees
0
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
★★★★
Rated on 4 of 4 criteria.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →A+Program efficiency40% of the rating100% to programs
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Pheaa Student Loan Foundation Inc: 100% to programs earns a A+ on this criterion. See the exact thresholds →
AFinancial health25% of the rating24 mo reserves · +8% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Pheaa Student Loan Foundation Inc: 24 mo reserves · +8% margin earns a A on this criterion. See the exact thresholds →
CGovernance25% of the rating2 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Pheaa Student Loan Foundation Inc: 2 of 6 checks met earns a C on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Pheaa Student Loan Foundation Inc: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
See schedule o
Contact & location
- Address
- 1200 N 7th St, Harrisburg, PA, 17102
- City
- Harrisburg
- State
- Pennsylvania
- Category
- Public & Societal Benefit
- Subcategory
- Financial Institutions
- Phone
- …
- Website
- …
Financial trends
Revenue declined from $106.1M (FY2013) to $71.0M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $919.9MNet assets $132.4M
Operating margin
7.6%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$1.1B
Total liabilities
$919.9M
Net assets
$132.4M
Salaries & benefits
$0
0% of expenses
Board members
5
2 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $71,037,628▼34.8% | $65,646,345▼34.7% | $132,363,280▼16.2% | $1,052,214,630▼24.6% | 990 |
| 2023 | $108,947,435▲4.5% | $100,456,887▲8.2% | $157,990,714▼10.9% | $1,394,931,633▼19.3% | 990 |
| 2022 | $104,214,880▲88.1% | $92,848,038▲124% | $177,264,494▼2.7% | $1,729,101,883▼21.6% | 990 |
| 2021 | $55,394,256▼11.0% | $41,474,609▼3.7% | $182,119,023▼16.7% | $2,204,662,034▼13.9% | 990 |
| 2020 | $62,263,468▼47.5% | $43,063,987▼54.2% | $218,604,108▼19.6% | $2,561,941,161▼15.4% | 990 |
| 2019 | $118,674,188▼31.9% | $94,067,743▼32.9% | $271,774,141▲3.8% | $3,029,973,651▼13.5% | 990 |
| 2018 | $174,319,994▲1.2% | $140,200,416▲15.5% | $261,925,325▲6.3% | $3,504,450,278▼10.0% | 990 |
| 2017 | $172,185,925▼0.2% | $121,363,208▲7.5% | $246,504,075▲13.6% | $3,891,721,776▼12.8% | 990 |
| 2016 | $172,554,555▲12.3% | $112,922,066▲17.7% | $216,941,869▲15.2% | $4,463,411,425▼8.8% | 990 |
| 2015 | $153,655,863▲11.5% | $95,919,719▼4.6% | $188,263,892▲31.6% | $4,891,740,041▼15.2% | 990 |
| 2014 | $137,826,612▲29.9% | $100,492,751▲16.0% | $143,037,020▲760% | $5,765,471,009▲28.3% | 990 |
| 2013 | $106,067,073 | $86,649,514▲42.7% | $16,640,003▲535% | $4,493,587,660▲38.4% | 990 |
| 2012 | — | $60,711,358▼6.3% | -$3,826,847▲69.1% | $3,247,184,170▲6.3% | 990 |
| 2011 | — | $64,792,659▲115% | -$12,372,642▼114% | $3,055,592,954▲79.8% | 990 |
| 2010 | — | $30,159,548 | $85,719,651 | $1,699,569,222 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Jennifer Luce | Director | 1 | — |
| Kyle Lefever | Secretary and Director | 1 | — |
| Nathaniel D Hench | President and Director | 1 | — |
| Rebecca Howell | Director | 1 | — |
| William Walker | Treasurer and Director | 1 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Pheaa | Loan Servicing | $5,054,308 |
| Bmo Capital Markets | Broker/dealer | $652,292 |
| M&t Bank | Trustee | $274,929 |
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Compare Pheaa Student Loan Foundation Inc
Frequently asked questions
- Is Pheaa Student Loan Foundation Inc a legitimate nonprofit?
- Yes. Pheaa Student Loan Foundation Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 51-0423553, based in Harrisburg, Pennsylvania. Donations are tax-deductible.
- What is Pheaa Student Loan Foundation Inc's EIN?
- Pheaa Student Loan Foundation Inc's Employer Identification Number (EIN) is 51-0423553.
- How much revenue does Pheaa Student Loan Foundation Inc report?
- Pheaa Student Loan Foundation Inc reported $71,037,628 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Pheaa Student Loan Foundation Inc's spending goes to programs?
- Pheaa Student Loan Foundation Inc spends about 100% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Pheaa Student Loan Foundation Inc have?
- CharityIndex grades Pheaa Student Loan Foundation Inc B, based on program efficiency and fundraising cost.
- How much does Pheaa Student Loan Foundation Inc's highest-paid employee make?
- The highest reported compensation on Pheaa Student Loan Foundation Inc's latest Form 990 is $0, paid to Jennifer Luce (Director).
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Data for Pheaa Student Loan Foundation Inc (EIN 51-0423553) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.