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Nonprofit · EIN 51-6522917

ACCESS GROUP LOAN RESERVE TRUST I 51529-000

Tax-exempt · WILMINGTON, DE 19890

Financials

$429K$18K2022$482K$18K2023$453K$18K2024
Revenue Expenses · by fiscal year end
Financials of ACCESS GROUP LOAN RESERVE TRUST I 51529-000 by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
March 31, 2025990$453,203$17,500$435,703$2,455,418$4,375$2,451,043
March 31, 2024990$482,049$17,500$464,549$2,019,715$4,375$2,015,340
March 31, 2023990$428,957$17,500$411,457$1,555,166$4,375$1,550,791
Financial details: 990 for the year ended March 31, 2025

Revenue

Contributions, gifts and grants
$0
Program service revenue
$346,191
Investment income
$107,012
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$17,500
Salaries, compensation and benefits (total)
$17,500
Professional fundraising fees
$0
Management and general (functional)
$17,500

Balance sheet and other

Total assets, start of year
$2,019,715
Total assets, end of year
$2,455,418
Total liabilities, end of year
$4,375
Net assets, end of year
$2,451,043
Net assets without donor restrictions
$2,451,043
Gross receipts
$453,203
Employees
0
Volunteers
0
Year formed
2000
State of legal domicile
DE

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended March 31, 2025, highest compensation first.

NameTitleHours / weekCompensation
WILMINGTON TRUST COMPANYTRUSTEE
Institutional trustee
5$17,500
990 for the year ended March 31, 2024: 1 people
NameTitleHours / weekCompensation
WILMINGTON TRUST COMPANYTRUSTEE
Institutional trustee
5$17,500
990 for the year ended March 31, 2023: 1 people
NameTitleHours / weekCompensation
WILMINGTON TRUST COMPANYTRUSTEE
Institutional trustee
5$17,500

Address and contacts

Address (IRS master file)
RODNEY SQUARE N 1100 N MARKET ST, WILMINGTON, DE 19890-0001
In care of
% NEUMANN MARLETT III
Principal officer (990 for 2024)
DANIEL BARNES, RODNEY SQUARE N 1100 N MARKET ST, WILMINGTON, DE 19890
Signed the 990
DANIEL BARNES, WILMINGTON TRUST, ASSISTANT VP
Phone
(302) 651-8049
Return prepared by
GRANT THORNTON ADVISORS LLC

Mission

SEE SCHEDULE O.THE TRUST SERVES AS A SOURCE OF GUARANTEE FUNDS FOR STUDENT LOANS UNDER THE TAX-EXEMPT LOAN PROGRAMS ADMINISTERED BY ACCESSLEX INSTITUTE FOR THE BENEFIT OF THE SUPPORTED SCHOOLS, WHICH ARE TAX-EXEMPT INSTITUTIONS DESCRIBED IN SECTION 509(A) (1) OR (2) OF THE INTERNAL REVENUE CODE.

990 for the year ended March 31, 2025

Program accomplishments

  • SEE SCHEDULE O.THE PURPOSE OF THIS TRUST IS TO AID LAW SCHOOL STUDENTS, LAW SCHOOL GRADUATES WHO ARE PREPARING FOR THE BAR EXAMINATION, OTHER GRADUATE AND PROFESSIONAL SCHOOL STUDENTS AND CERTAIN UNDERGRADUATE STUDENTS IN ATTAINING AN EDUCATION. THE TRUST IS A SUPPORTING ORGANIZATION FOR POST-SECONDARY EDUCATIONAL INSTITUTIONS DESCRIBED IN SECTION 509(A)(1) OR (2) OF THE INTERNAL REVENUE CODE. THE TRUST CARRIES OUT ITS PURPOSE BY SERVING AS A SOURCE OF GUARANTEE FUNDS FOR STUDENT LOAN PROGRAMS CONDUCTED BY ACCESSLEX INSTITUTE, WHICH IS EXEMPT UNDER SECTION 501(C)(3). THE TRUST PROVIDES A RESERVE FOR SUPPLEMENTAL LOANS MADE BY ACCESSLEX INSTITUTE THAT ARE NOT PART OF THE FEDERAL FAMILY EDUCATIONAL LOAN PROGRAM (FFELP), COVERING THE DEFAULT OF SUCH LOANS. SUPPLEMENTAL LOANS ARE TYPICALLY NEEDED BY STUDENTS WHOSE EDUCATION IS MORE EXPENSIVE THAN THE LIMITS SET UNDER FEDERAL PROGRAMS. WITHOUT THE EXISTENCE OF A GUARANTEE, COMMERCIAL LENDERS WOULD NOT HAVE BEEN WILLING TO MAKE LOANS TO MANY BORROWERS OF SUPPLEMENTAL LOANS UNDER THE ACCESSLEX INSTITUTE PROGRAMS, BECAUSE SUCH STUDENTS TYPICALLY DO NOT HAVE THE CREDIT RECORD, CURRENT ASSETS OR CURRENT INCOME GENERALLY REQUIRED BY COMMERCIAL LENDERS FOR UNGUARANTEED LOANS. THUS, BY MAKING THE GUARANTEES REFERENCED ABOVE, THE TRUST DIRECTLY AND MATERIALLY AIDED STUDENTS IN ATTAINING AN EDUCATION. THE TRUST RECEIVED STUDENT LOAN NET RECOVERIES IN THE AMOUNT OF $346,191.
    revenue $346,191

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in March, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025March 31, 2026August 17, 2026Not on file
2024March 31, 2025August 15, 2025990 on file
2023March 31, 2024August 15, 2024990 on file

IRS record

EIN
51-6522917
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Supporting organization (509(a)(3))
Donations deductible (Pub 78)
Supporting organization of unknown type
Exempt since
2002
Accounting year ends
March
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B820)
Assets (IRS master file)
$2,455,418
Income (IRS master file)
$453,203

Filing history

FormYear endedRevenueExpensesAssetsReturn
990March 2025$453,203$17,500$2,455,418XML
990March 2024$482,049$17,500$2,019,715XML
990March 2023$428,957$17,500$1,555,166XML
990March 2022$589,905$17,500$1,143,709IRS
990March 2021–––IRS
990-TMarch 2021–––IRS
990March 2019–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 51-6522917).

Questions about ACCESS GROUP LOAN RESERVE TRUST I 51529-000

What is the EIN of ACCESS GROUP LOAN RESERVE TRUST I 51529-000?
The employer identification number (EIN) of ACCESS GROUP LOAN RESERVE TRUST I 51529-000 is 51-6522917.
Is ACCESS GROUP LOAN RESERVE TRUST I 51529-000 tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2002.
Are donations to ACCESS GROUP LOAN RESERVE TRUST I 51529-000 tax-deductible?
Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
Which annual return does ACCESS GROUP LOAN RESERVE TRUST I 51529-000 file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of ACCESS GROUP LOAN RESERVE TRUST I 51529-000 due?
The return for tax year 2025 (the year ending March 31, 2026) is due August 17, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did ACCESS GROUP LOAN RESERVE TRUST I 51529-000 last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended March 2025.
Who is the principal officer of ACCESS GROUP LOAN RESERVE TRUST I 51529-000?
The 990 for the year ended March 31, 2025 names DANIEL BARNES.
Who are the officers and directors of ACCESS GROUP LOAN RESERVE TRUST I 51529-000?
The 990 for the year ended March 31, 2025 lists 1 person; 1 received compensation from the organization, the highest $17,500 (WILMINGTON TRUST COMPANY, TRUSTEE).
How much revenue does ACCESS GROUP LOAN RESERVE TRUST I 51529-000 have?
On its 990 for the year ended March 31, 2025 it reported revenue of $453,203, expenses of $17,500 and total assets of $2,455,418 at year end.

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