AccessLex Institute is a student service provider based in West Chester, PA that was founded in 1993. As of 2019 they had $181 million in revenue and $3.7 billion in assets.
From providing financial education resources and services for students and schools, to supporting research programs and data collection, to driving policy advocacy.
AccessLex Institute makes grants to other organizations, such as $213,547 to The Association for Institutional Research for "Program Support/research"; $90,000 to Dillard University for "Program Support/research"; $86,603 to Emory University for "Program Support/research"; $86,333 to Elon University for "Program Support/research"; and $62,331 to University of Massachusetts for "Program Support/research".
Previous legal names or variations of their name include: Access Group.
EIN:
23-2719985
City:
State:
Metro:
Website:
Phone:
484-653-3300
Founded:
1993
Type:
501(c)(3)
NTEE:
Revenue:
$181,130,536
Assets:
$3,769,267,979
Employees:
109
Fiscal year end:
March
Form 990s for AccessLex Institute
| Fiscal year ending | Date received by IRS | Form | PDF link |
|---|
| 2019-03 | Oct 31, 2019 | 990 | View PDF |
| 2018-03 | Dec 22, 2018 | 990 | View PDF |
| 2017-03 | Oct 30, 2017 | 990 | View PDF |
| 2016-03 | Aug 3, 2017 | 990 | View PDF |
| 2015-03 | Jul 14, 2016 | 990 | View PDF |
| ...and five more Form 990 PDFs |
Financials for AccessLex Institute
| Field | 2019 | 2018 | % Change |
|---|
| Federated campaigns | $0 | $0 | |
| Membership dues | $0 | $0 | |
| Fundraising event contributions | $0 | $0 | |
| Related organizations | $0 | $0 | |
| Government grants (contributions) | $0 | $0 | |
| Normal grants, contributions, etc. | $0 | $0 | |
| <em>Non-cash contributions included in above</em> | $0 | $0 | |
| Total grants, contributions, etc. | $0 | $0 | |
| Field | 2019 | 2018 | % Change |
|---|
| Total grants, contributions, etc. | $0 | $0 | |
| Program services | $163,647,052 | $157,432,160 | 3.9% |
| Investment income and dividends | $12,924,167 | $9,508,367 | 35.9% |
| Tax-exempt bond proceeds | $0 | $0 | |
| Royalty revenue | $136,724 | $275,408 | -50.4% |
| Net rental income | $0 | $0 | |
| Net gain from sale of non-inventory assets | $3,985,902 | $936,255 | 325.7% |
| Net income from fundraising events | $0 | $0 | |
| Net income from gaming activities | $0 | $0 | |
| Net income from sales of inventory | $0 | $0 | |
| Miscellaneous revenues | $436,691 | $2,269,901 | -80.8% |
| Total revenues | $181,130,536 | $170,422,091 | 6.3% |
| Field | 2019 | 2018 | % Change |
|---|
| Grants to govts. and orgs. in USA | $967,763 | $1,424,951 | -32.1% |
| Grants to individuals in USA | $0 | $0 | |
| Grants to govts., orgs., and individuals outside USA | $0 | $0 | |
| Benefits paid to or for members | $0 | $0 | |
| Compensation of current officers, etc. | $2,492,587 | $2,383,620 | 4.6% |
| Compensation not included above, to disqualified persons | $0 | $0 | |
| Non-officer salaries and wages | $6,840,871 | $5,572,946 | 22.8% |
| Pension/retirement accruals and contributions | $519,121 | $386,993 | 34.1% |
| Other employee benefits | $1,788,451 | $1,403,756 | 27.4% |
| Payroll taxes | $651,088 | $568,116 | 14.6% |
| Management fees | $0 | $0 | |
| Legal fees | $695,245 | $1,259,144 | -44.8% |
| Accounting fees | $173,208 | $85,067 | 103.6% |
| Lobbying fees | $104,556 | $96,068 | 8.8% |
| Pro. fundraising fees | $0 | $0 | |
| Investment mgmt fees | $867,083 | $1,047,662 | -17.2% |
| Other fee-for-service | $6,624,570 | $7,564,527 | -12.4% |
| Advertising and promotion | $1,117,142 | $898,970 | 24.3% |
| Office expenses | $407,988 | $300,822 | 35.6% |
| Information tech. expenses | $1,195,169 | $1,385,318 | -13.7% |
| Royalty expenses | $0 | $0 | |
| Occupancy | $856,656 | $817,251 | 4.8% |
| Travel | $956,037 | $844,837 | 13.2% |
| Public official travel and entertainment | $0 | $0 | |
| Conferences, meetings, etc. | $559,513 | $268,159 | 108.6% |
| Interest | $111,122,955 | $88,794,936 | 25.1% |
| Payments to affiliates | $0 | $0 | |
| Depreciation, amortization, etc. | $567,857 | $448,690 | 26.6% |
| Insurance | $368,688 | $415,356 | -11.2% |
| All other expenses | $13,350,644 | $17,113,515 | -22.0% |
| Total expenses | $152,227,192 | $133,080,704 | 14.4% |
| Field | 2019 | 2018 | % Change |
|---|
| Cash (non-interest-bearing) | $201,888 | $1,162,185 | -82.6% |
| Savings, short-term investments, etc. | $5,771,138 | $9,576,438 | -39.7% |
| Pledges and grants receivable | $0 | $0 | |
| Accounts receivable | $42,590,944 | $42,076,731 | 1.2% |
| Loans receivable from officers, directors, etc. | $0 | $0 | |
| Loans receivable from other disqualified persons | $0 | $0 | |
| Notes and loans receivable | $2,856,027,962 | $3,365,194,423 | -15.1% |
| Inventories for use | $0 | $0 | |
| Prepaid expenses and deferred charges | $30,383,615 | $30,171,613 | 0.7% |
| Buildings, equipment, etc. post-depreciation | $1,551,134 | $1,450,507 | 6.9% |
| Investments, publicly traded securities | $644,844,815 | $630,043,926 | 2.3% |
| Investments, other securities | $0 | $0 | |
| Investments, program-related | $0 | $0 | |
| Intangible assets | $0 | $0 | |
| Other assets | $187,896,483 | $191,491,240 | -1.9% |
| Total assets | $3,769,267,979 | $4,271,167,063 | -11.8% |
| Field | 2019 | 2018 | % Change |
|---|
| Accounts payable and accrued expenses | $11,128,011 | $9,982,494 | 11.5% |
| Grants payable | $0 | $0 | |
| Deferred revenue | $0 | $0 | |
| Tax-exempt bond liabilities | $0 | $0 | |
| Escrow or custodial account liability | $0 | $0 | |
| Loans payable to officers and disqualified persons | $0 | $0 | |
| Secured mortgages and notes payable to unrelated third parties | $0 | $0 | |
| Unsecured notes and loans payable to unrelated third parties | $3,059,389,103 | $3,569,553,365 | -14.3% |
| Other liabilities | $2,369,516 | $3,356,493 | -29.4% |
| Total liabilities | $3,072,886,630 | $3,582,892,352 | -14.2% |
| Field | 2019 | 2018 | % Change |
|---|
| Unrestricted net assets | $696,381,349 | $688,274,711 | 1.2% |
| Temporarily restricted net assets | $0 | $0 | |
| Permanently restricted net assets | $0 | $0 | |
Vendors for AccessLex Institute
| Vendor | Services | Amount paid | Date |
|---|
| BDO USA LLP | Audit accounting | | 2019-12-31 |
| ███████ ██████ ████ | Claims processing, Recordkeeping and information management (computing, tabulating, data processing, etc.), Participant loan processing | $7,700 | 2019-12-31 |
| █████ ████████ ███ | Tax accounting | | 2019-09-24 |
| ██ ████ ████ | Advocacy software | | 2019-08-17 |
| ██████ | Content management system software | | 2019-08-17 |
| █████████ ██████████ | Investment Services | $753,933 | 2019-03-01 |
| ██████ ██████████ | Rent | $404,458 | 2019-03-01 |
| ████████ ████████████ | Loan Services | $878,997 | 2019-03-01 |
| ...and 12 more vendors |
Personnel at AccessLex Institute
| Name | Title | Compensation | Most recent data |
|---|
| Christopher P. Chapman | President and Chief Executive Officer | $790,619 | Oct. 31, 2019 |
| Charles Albano | Executive Vice President and Chief Operating Officer | $454,459 | March 31, 2019 |
| █████ ██ ██████ | Senior Vice President - - General Counsel and Chief Compliance Officer | $282,896 | March 31, 2019 |
| █████ █ ███████ | Vice President It | $197,284 | March 31, 2019 |
| ███████ █ ███████ ██████ | Vice President Education and Strat Engment | $217,508 | March 31, 2019 |
| ██████ █ ██████████ | Managing Director - Port Management | $169,788 | March 31, 2019 |
| ██████ █████ | Managing Director , Financial E | $149,517 | March 31, 2019 |
| ███████████ █ ████████ | Director - Network Operations and Data Arc | $142,013 | March 31, 2019 |
| ████ ██████ | MD - Analytics | $178,847 | March 31, 2019 |
| ████████ ██████ | MD - Bus Dev | $157,091 | March 31, 2019 |
| ...and 18 more key personnel |
Peer student service organizations
| | Name | Type | Revenue | Location |
|---|
| 1 | United Negro College Fundation (UNCF) | 501(c)(3) | $74 million | Washington, DC |
| 2 | Iowa Student Loan | 501(c)(3) | $72 million | West Des Moines, IA |
| 3 | Pew Memorial Trust | 501(c)(3) | $261 million | Philadelphia, PA |
| 4 | Philadelphia Works | 501(c)(3) | $65 million | Philadelphia, PA |
| 5 | The Pittsburgh Foundation | 501(c)(3) | $138 million | Pittsburgh, PA |
| 6 | TPF Special Assets Fund | 501(c)(3) | $51 million | Philadelphia, PA |
| 7 | South Carolina Student Loan Corporation (SCSL) | 501(c)(3) | $79 million | Columbia, SC |
| 8 | Provident Group | 501(c)(3) | $112 million | Baton Rouge, LA |
| 9 | Jewish Federation of Cleveland | 501(c)(3) | $95 million | Cleveland, OH |
| 10 | Combined Jewish Philanthropies of Greater Boston | 501(c)(3) | $312 million | Boston, MA |
| 11 | DonorsChoose org | 501(c)(3) | $150 million | New York, NY |
| 12 | RSF Social Finance (RSF) | 501(c)(3) | $96 million | San Francisco, CA |
| 13 | South Central Los Angeles Regional Center for Persons with Developmental Disabilities (SCLARC) | 501(c)(3) | $262 million | Los Angeles, CA |
| 14 | Federation CJA | 501(c)(3) | $49 million | Canada, |
| 15 | The Community Foundation for Greater Atlanta | 501(c)(3) | $206 million | Atlanta, GA |
| 16 | Smile Train | 501(c)(3) | $96 million | New York, NY |
| 17 | Rose Community Foundation | 501(c)(3) | $228 million | Denver, CO |
| 18 | The California Endowment | 501(c)(3) | $235 million | Los Angeles, CA |
| 19 | Community Foundation for Greater New Haven | 501(c)(3) | $54 million | New Haven, CT |
| 20 | Hopewell Fund | 501(c)(3) | $66 million | Washington, DC |
| 21 | Christian Appalachian Project | 501(c)(3) | $97 million | Paintsville, KY |
| 22 | American Near East Refugee Aid (ANERA) | 501(c)(3) | $56 million | Washington, DC |
| 23 | Aspen Global Change Institute (AGCI) | 501(c)(3) | $62 million | Basalt, CO |
| 24 | University System of Maryland Foundation (USMF) | 501(c)(3) | $46 million | Adelphi MD, MD |
| 25 | Broward Regional Health Planning Council (BRHPC) | 501(c)(3) | $52 million | Hollywood, FL |