Nonprofit · EIN 51-6522917
ACCESS GROUP LOAN RESERVE TRUST I 51529-000
Tax-exempt · WILMINGTON, DE 19890
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| March 31, 2025 | 990 | $453,203 | $17,500 | $435,703 | $2,455,418 | $4,375 | $2,451,043 |
| March 31, 2024 | 990 | $482,049 | $17,500 | $464,549 | $2,019,715 | $4,375 | $2,015,340 |
| March 31, 2023 | 990 | $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.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| WILMINGTON TRUST COMPANY | TRUSTEE Institutional trustee | 5 | $17,500 |
990 for the year ended March 31, 2024: 1 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| WILMINGTON TRUST COMPANY | TRUSTEE Institutional trustee | 5 | $17,500 |
990 for the year ended March 31, 2023: 1 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| WILMINGTON TRUST COMPANY | TRUSTEE 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
- Website
- WWW.ACCESSLEX.ORG
- 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.
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | March 31, 2026 | August 17, 2026 | Not on file |
| 2024 | March 31, 2025 | August 15, 2025 | 990 on file |
| 2023 | March 31, 2024 | August 15, 2024 | 990 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
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | March 2025 | $453,203 | $17,500 | $2,455,418 | XML |
| 990 | March 2024 | $482,049 | $17,500 | $2,019,715 | XML |
| 990 | March 2023 | $428,957 | $17,500 | $1,555,166 | XML |
| 990 | March 2022 | $589,905 | $17,500 | $1,143,709 | IRS |
| 990 | March 2021 | – | – | – | IRS |
| 990-T | March 2021 | – | – | – | IRS |
| 990 | March 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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