NEBRASKA STUDENT LOAN PROGRAM INC: Form 990, tax year 2022
View the entire original 990 at ProPublica ↗
- Organization
- NEBRASKA STUDENT LOAN PROGRAM INC (EIN 36-3514573)
- Tax period
- 2022-10-01 to 2023-09-30
- Filed
- 2024-08-15
- IRS object ID
- 202422289349300417
- Schema version
- 2022v5.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2024-08-15T07:31:39-05:00 | ReturnTs |
| Tax Period End | 2023-09-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 410746749 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CLIFTONLARSONALLEN LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 220 S 6TH STREET SUITE 300 | AddressLine1Txt |
| City | MINNEAPOLIS | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 55402 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2022-10-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 363514573 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NEBRASKA STUDENT LOAN PROGRAM INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | NEBR | BusinessNameControlTxt |
| Phone | 4024796623 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 82507 | AddressLine1Txt |
| City | LINCOLN | CityNm |
| State Abbreviation | NE | StateAbbreviationCd |
| ZIP | 68501 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | JILL HICKS | PersonNm |
| Person Title | CFO | PersonTitleTxt |
| Phone | 4024796623 | PhoneNum |
| Signature | 2024-08-14 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | 0 | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | ANN NEIL | PreparerPersonNm |
| PTIN | P01817922 | PTIN |
| Phone | 6123764500 | PhoneNum |
| Preparation | 2024-08-14 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2022 | TaxYr |
| Build TS | 2024-08-08 14:25:15Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | DAVID MACOUBRIE | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 82507 | AddressLine1Txt |
| City | LINCOLN | CityNm |
| State Abbreviation | NE | StateAbbreviationCd |
| ZIP | 68501 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $72,778,044 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.NSLP.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1986 | FormationYr |
| Legal Domicile State | NE | LegalDomicileStateCd |
| Activity Or Mission | TO BE A DEFINITIVE VOICE IN HIGHER EDUCATION AND STUDENT SUCCESS. POISED TO ENLIGHTEN, GUIDE AND SUPPORT HIGHER EDUCATION AND ITS STAKEHOLDERS IN THEIR MISSION. | ActivityOrMissionDesc |
| Contract Termination | Yes (X) | ContractTerminationInd |
| Voting Members Governing Body | 6 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 5 | VotingMembersIndependentCnt |
| Total Employee | 6 | TotalEmployeeCnt |
| Total Volunteers | 0 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $0 | PYContributionsGrantsAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $39,689,524 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $25,056,919 | CYProgramServiceRevenueAmt |
| PY Investment Income | $5,764,455 | PYInvestmentIncomeAmt |
| CY Investment Income | $11,991,621 | CYInvestmentIncomeAmt |
| PY Other Revenue | $0 | PYOtherRevenueAmt |
| CY Other Revenue | $0 | CYOtherRevenueAmt |
| PY Total Revenue | $45,453,979 | PYTotalRevenueAmt |
| CY Total Revenue | $37,048,540 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $0 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $202,962,628 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $2,105,014 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $1,521,989 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $17,848,537 | PYOtherExpensesAmt |
| CY Other Expenses | $16,212,815 | CYOtherExpensesAmt |
| PY Total Expenses | $19,953,551 | PYTotalExpensesAmt |
| CY Total Expenses | $220,697,432 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $25,500,428 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$183,648,892 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $230,624,169 | TotalAssetsBOYAmt |
| Total Assets EOY | $60,108,049 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $7,875,094 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $6,570,479 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $222,749,075 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $53,537,570 | NetAssetsOrFundBalancesEOYAmt |
| Mission | TO BE A DEFINITIVE VOICE IN HIGHER EDUCATION AND STUDENT SUCCESS. POISED TO ENLIGHTEN, GUIDE AND SUPPORT HIGHER EDUCATION AND ITS STAKEHOLDERS IN THEIR MISSION. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $215,748,886 | ExpenseAmt |
| Grant | $202,962,628 | GrantAmt |
| Revenue | $25,056,919 | RevenueAmt |
| Desc | THE ORGANIZATION SERVES AS A GUARANTEE AGENCY UNDER THE FEDERAL FAMILY EDUCATION LOAN PROGRAM (FFELP), AS APPROVED BY THE DEPARTMENT OF EDUCATION. NSLP ALSO ASSISTS STUDENTS AND HIGHER EDUCATION INSTITUTIONS TO FACILITATE FINANCIAL AID. | Desc |
| Total Program Service Expenses | $215,748,886 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | 0 | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | 0 | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | 0 | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | Yes (1) | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (1) | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | Yes (1) | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | Yes (1) | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (1) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | Yes (1) | TransactionWithControlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 16 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 6 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 6 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 5 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (1) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (1) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | JILL HICKS | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 4024796623 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1300 O STREET | AddressLine1Txt |
| City | LINCOLN | CityNm |
| State Abbreviation | NE | StateAbbreviationCd |
| ZIP | 68508 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (16 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|
| RANDALL SCOTT HEESACKER | ||||||||
| PRESIDENT & CEO | 20.00 | 20.00 | Yes (X) | Yes (X) | $483,406 | $0 | $56,813 | |
| DAVID A MACOUBRIE | ||||||||
| EXECUTIVE VP & COO | 20.00 | 20.00 | Yes (X) | $287,512 | $0 | $54,385 | ||
| JILL M HICKS | ||||||||
| CFO | 20.00 | 20.00 | Yes (X) | $282,478 | $0 | $41,326 | ||
| MICHAEL JAY LUBBEN | ||||||||
| SENIOR VP BUSINESS DEVELOPMENT | 40.00 | 0.00 | Yes (X) | $253,311 | $0 | $41,715 | ||
| SUSAN KAY DOWNING | ||||||||
| SENIOR VP MARKETING | 40.00 | 0.00 | Yes (X) | $222,487 | $0 | $52,285 | ||
| WILLIAM LEONARD KOHL | ||||||||
| SENIOR VP PORTFOLIO MANAGEMENT | 20.00 | 20.00 | Yes (X) | $207,252 | $0 | $45,397 | ||
| MARK KRINGS | ||||||||
| VP PRODUCT IMPLEMENTATION | 0.00 | 40.00 | $0 | $142,078 | $50,618 | Yes (X) | ||
| DEANA MARIE UNGER | ||||||||
| VP FINANCIAL AID OPS | 0.00 | 40.00 | $0 | $142,879 | $22,095 | Yes (X) | ||
| SHANNON JONES | ||||||||
| VP BUSINESS DEVELOPMENT | 0.00 | 40.00 | $0 | $118,764 | $37,233 | Yes (X) | ||
| CARISSA R UHLMAN | ||||||||
| VP STUDENT SUCCESS | 0.00 | 40.00 | $0 | $112,158 | $32,305 | Yes (X) | ||
| CHRISTOPHER J CAMPBELL | ||||||||
| AST VP BUSINESS DEVELOPMENT | 0.00 | 40.00 | $0 | $100,953 | $14,705 | Yes (X) | ||
| RICHARD VIERK | ||||||||
| CHAIRMAN | 1.00 | 1.00 | Yes (X) | Yes (X) | $36,050 | $0 | $0 | |
| GUY SAUNDERS | ||||||||
| DIRECTOR | 1.00 | 1.00 | Yes (X) | $13,750 | $0 | $0 | ||
| JOSEPH KNECHT | ||||||||
| DIRECTOR | 1.00 | 1.00 | Yes (X) | $12,750 | $0 | $0 | ||
| KIM RUSSEL | ||||||||
| DIRECTOR | 1.00 | 1.00 | Yes (X) | $11,750 | $0 | $0 | ||
| ANTHONY GOINS | ||||||||
| DIRECTOR | 1.00 | 1.00 | Yes (X) | $11,000 | $0 | $0 | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $1,821,746 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $616,832 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $448,877 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 6 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (4 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| NELNET GUARANTEE SERVICES | |||||
| 121 SOUTH 13TH STREET | LINCOLN | NE | 68508 | LOAN SERVICING | $1,638,698 |
| BRETT LIEF | |||||
| 448 OCEAN AVE 17B | LONG BRANCH | NJ | 07740 | CONSULTING | $184,200 |
| GC SERVICES | |||||
| PO BOX 32500 | COLUMBUS | OH | 43232 | COLLECTION SERVICES | $116,972 |
| KEATING O'GARA NEDVED & PETER PC | |||||
| 200 S 21ST ST SUITE 400 | LINCOLN | NE | 68501 | LEGAL SERVICES | $111,087 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 4 | CntrctRcvdGreaterThan100KCnt |
Program Service Revenue ProgramServiceRevenueGrp (5 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| RECOVERY REVENUE | 900099 | $21,123,581 | $21,123,581 |
| OTHER INCOME | 900099 | $1,039,578 | $1,039,578 |
| ACCT MAINTENANCE FEE | 900099 | $1,037,136 | $1,037,136 |
| DEPT OF ED TRANSITION | 900099 | $946,443 | $946,443 |
| DAF REBATE PROVISION | 900099 | $910,181 | $910,181 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $25,056,919 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $8,681,908 | TotalRevenueColumnAmt |
| Exclusion | $8,681,908 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $39,039,217 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $35,729,504 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $3,309,713 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $3,309,713 | TotalRevenueColumnAmt |
| Exclusion | $3,309,713 | ExclusionAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $37,048,540 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $25,056,919 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $11,991,621 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $202,962,628 | TotalAmt |
| Program Services | $202,962,628 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,447,462 | TotalAmt |
| Program Services | $481,505 | ProgramServicesAmt |
| Management And General | $965,957 | ManagementAndGeneralAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $74,527 | TotalAmt |
| Program Services | $27,535 | ProgramServicesAmt |
| Management And General | $46,992 | ManagementAndGeneralAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $126,867 | TotalAmt |
| Management And General | $126,867 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $93,565 | TotalAmt |
| Program Services | $19,200 | ProgramServicesAmt |
| Management And General | $74,365 | ManagementAndGeneralAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $391,695 | TotalAmt |
| Management And General | $391,695 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $494,124 | TotalAmt |
| Program Services | $278,057 | ProgramServicesAmt |
| Management And General | $216,067 | ManagementAndGeneralAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $83,077 | TotalAmt |
| Program Services | $26 | ProgramServicesAmt |
| Management And General | $83,051 | ManagementAndGeneralAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $147,336 | TotalAmt |
| Program Services | $120,019 | ProgramServicesAmt |
| Management And General | $27,317 | ManagementAndGeneralAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,917,132 | TotalAmt |
| Program Services | $3,171,992 | ProgramServicesAmt |
| Management And General | $745,140 | ManagementAndGeneralAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $514,177 | TotalAmt |
| Program Services | $339,790 | ProgramServicesAmt |
| Management And General | $174,387 | ManagementAndGeneralAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $75,351 | TotalAmt |
| Program Services | $70,091 | ProgramServicesAmt |
| Management And General | $5,260 | ManagementAndGeneralAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $98,051 | TotalAmt |
| Program Services | $2,594 | ProgramServicesAmt |
| Management And General | $95,457 | ManagementAndGeneralAmt |
Payments To Affiliates PaymentsToAffiliatesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,336,022 | TotalAmt |
| Program Services | $882,900 | ProgramServicesAmt |
| Management And General | $453,122 | ManagementAndGeneralAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,043,631 | TotalAmt |
| Program Services | $986,829 | ProgramServicesAmt |
| Management And General | $56,802 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt |
|---|---|---|---|
| LEASED EMPLOYEES | $5,424,112 | $4,037,014 | $1,387,098 |
| SERVICING FEES | $1,599,996 | $1,599,996 | |
| DEFAULT AVERSION FEE | $487,437 | $487,437 | |
| POST-DEFAULT FEES | $27,398 | $27,398 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $352,844 | TotalAmt |
| Program Services | $253,875 | ProgramServicesAmt |
| Management And General | $98,969 | ManagementAndGeneralAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $220,697,432 | TotalAmt |
| Program Services | $215,748,886 | ProgramServicesAmt |
| Management And General | $4,948,546 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,478,336 | BOYAmt |
| EOY | $2,490,159 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $70,510,573 | BOYAmt |
| EOY | $48,162,793 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,509,942 | BOYAmt |
| EOY | $2,179,604 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $64,940 | BOYAmt |
| EOY | $64,940 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $809,378 | BOYAmt |
| EOY | $1,011,477 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $144,144,807 | BOYAmt |
| EOY | $746,371 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $9,106,193 | BOYAmt |
| EOY | $5,452,705 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $230,624,169 | BOYAmt |
| EOY | $60,108,049 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,589,752 | BOYAmt |
| EOY | $1,090,701 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $193,965 | BOYAmt |
| EOY | $123,859 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,091,377 | BOYAmt |
| EOY | $5,355,919 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,875,094 | BOYAmt |
| EOY | $6,570,479 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $222,749,075 | BOYAmt |
| EOY | $53,537,570 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $222,749,075 | BOYAmt |
| EOY | $53,537,570 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $230,624,169 | BOYAmt |
| EOY | $60,108,049 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | -$183,648,892 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $14,437,387 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | Yes (1) | FederalGrantAuditRequiredInd |
| Federal Grant Audit Performed | Yes (1) | FederalGrantAuditPerformedInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org509a2 | Yes (X) | PubliclySupportedOrg509a2Ind |
Gifts Grants Contris Rcvd509 GiftsGrantsContrisRcvd509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $27,110,086 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $18,042,731 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $16,600,236 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $38,194,705 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $24,017,341 | CurrentTaxYearAmt |
| Total | $123,965,099 | TotalAmt |
Gross Receipts Admissions GrossReceiptsAdmissionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $4,202,125 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $3,367,726 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $2,296,604 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $1,494,821 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $1,039,578 | CurrentTaxYearAmt |
| Total | $12,400,854 | TotalAmt |
Total509 Total509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $31,312,211 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $21,410,457 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $18,896,840 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $39,689,526 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $25,056,919 | CurrentTaxYearAmt |
| Total | $136,365,953 | TotalAmt |
Amounts Rcvd Dsqlfy Person AmountsRcvdDsqlfyPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Substantial Contributors Amt SubstantialContributorsAmtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Subst And Dsqlfy Prsns Tot SubstAndDsqlfyPrsnsTotGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total509 | $136,365,953 | PublicSupportTotal509Amt |
Gross Investment Income509 GrossInvestmentIncome509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $5,070,303 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $3,906,488 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $3,211,242 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $4,599,509 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $8,681,908 | CurrentTaxYearAmt |
| Total | $25,469,450 | TotalAmt |
Investment Income And UBTI InvestmentIncomeAndUBTIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $5,070,303 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $3,906,488 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $3,211,242 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $4,599,509 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $8,681,908 | CurrentTaxYearAmt |
| Total | $25,469,450 | TotalAmt |
Total Support Calendar Year TotalSupportCalendarYearGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $36,382,514 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $25,316,945 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $22,108,082 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $44,289,035 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $33,738,827 | CurrentTaxYearAmt |
| Total | $161,835,403 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support CY509 | 0.84260 | PublicSupportCY509Pct |
| Public Support PY509 | 0.87990 | PublicSupportPY509Pct |
| Investment Income CY | 0.15740 | InvestmentIncomeCYPct |
| Investment Income PY | 0.12010 | InvestmentIncomePYPct |
| Thirty Thr Pct Suprt Tests CY509 | Yes (X) | ThirtyThrPctSuprtTestsCY509Ind |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $0 | TotalBookValueLandBuildingsAmt |
Other Assets Org OtherAssetsOrgGrp (3 entries)
| DescDesc | Book ValueBookValueAmt |
|---|---|
| ACCRUED INTEREST RECEIVABLE | $64,899 |
| OTHER ASSETS | $31,887 |
| NET ASSETS HELD ON BEHALF OF FEDERAL FUND | $5,355,919 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | $5,452,705 | TotalBookValueOtherAssetsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | FEDERAL FUND LIABILITY - PAYABLE TO US DOE | Desc |
| Amt | $5,355,919 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $5,355,919 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART X, LINE 2: | FormAndLineReferenceDesc |
| Explanation | NSLP HAS BEEN RECOGNIZED AS A TAX-EXEMPT ORGANIZATION BY THE INTERNAL REVENUE SERVICE AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC) AND IS EXEMPT FROM FEDERAL INCOME TAX ON RELATED INCOME PURSUANT TO SECTION 501(A) OF THE IRC. NSLP APPLIES THE PROVISIONS OF ASC SUBTOPIC 740-10, INCOME TAXES OVERALL. ASC SUBTOPIC 740-10 PROVIDES SPECIFIC GUIDANCE ON HOW TO ADDRESS UNCERTAINTY IN ACCOUNTING FOR INCOME TAX ASSETS AND LIABILITIES, PRESCRIBING RECOGNITION THRESHOLDS AND MEASUREMENT ATTRIBUTES. SEPTEMBER 30, 2023 AND 2022, THERE WERE NO UNCERTAIN TAX POSITIONS. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN INCLUDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. | ExplanationTxt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | 0 | GrantRecordsMaintainedInd |
Recipient Table RecipientTable (4 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Recipient EINRecipientEIN | IRC SectionIRCSectionDesc | Cash GrantCashGrantAmt | Non Cash AssistanceNonCashAssistanceAmt | Valuation Method UsedValuationMethodUsedDesc | Non Cash AssistanceNonCashAssistanceDesc | Purpose Of GrantPurposeOfGrantTxt |
|---|---|---|---|---|---|---|---|---|---|---|
| INCEPTIA | ||||||||||
| PO BOX 82507 | LINCOLN | NE | 68501 | 920907062 | 501(C)(3) | $43,000,000 | $0 | N/A | N/A | CASH GRANT TO SUBSIDIARY ORGANIZATION INCEPTIA 9/19/23 |
| INCEPTIA | ||||||||||
| PO BOX 82507 | LINCOLN | NE | 68501 | 920907062 | 501(C)(3) | $0 | $41,863,037 | FMV | WHITAIL ROCK STUDENT LOAN INVESTMENTS | GRANT TO SUBSIDIARY ORGANIZATION INCEPTIA 9/11/23 |
| INCEPTIA | ||||||||||
| PO BOX 82507 | LINCOLN | NE | 68501 | 920907062 | 501(C)(3) | $0 | $115,249,007 | FMV | EQUITY INVESTMENTS | GRANT TO SUBSIDIARY ORGANIZATION INCEPTIA 9/7/23 |
| INCEPTIA | ||||||||||
| PO BOX 82507 | LINCOLN | NE | 68501 | 920907062 | 501(C)(3) | $0 | $2,850,584 | BOOK VALUE | CAPITALIZED ASSETS | GRANT TO SUBSIDIARY ORGANIZATION INCEPTIA 7/1/23 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 1 | Total501c3OrgCnt |
| Total Other Org | 0 | TotalOtherOrgCnt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Independent Consultant | Yes (X) | IndependentConsultantInd |
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (9 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| RANDALL SCOTT HEESACKER | ||||||||||||||
| PRESIDENT & CEO | $394,943 | $0 | $72,919 | $0 | $15,544 | $0 | $39,889 | $0 | $16,924 | $0 | $540,219 | $0 | $0 | $0 |
| DAVID A MACOUBRIE | ||||||||||||||
| EXECUTIVE VP & COO | $235,310 | $0 | $50,710 | $0 | $1,492 | $0 | $32,416 | $0 | $21,969 | $0 | $341,897 | $0 | $0 | $0 |
| JILL M HICKS | ||||||||||||||
| CFO | $231,873 | $0 | $49,113 | $0 | $1,492 | $0 | $31,738 | $0 | $9,588 | $0 | $323,804 | $0 | $0 | $0 |
| MICHAEL JAY LUBBEN | ||||||||||||||
| SENIOR VP BUSINESS DEVELOPMENT | $212,779 | $0 | $38,238 | $0 | $2,294 | $0 | $24,834 | $0 | $16,881 | $0 | $295,026 | $0 | $0 | $0 |
| SUSAN KAY DOWNING | ||||||||||||||
| SENIOR VP MARKETING | $181,525 | $0 | $39,950 | $0 | $1,012 | $0 | $25,936 | $0 | $26,349 | $0 | $274,772 | $0 | $0 | $0 |
| WILLIAM LEONARD KOHL | ||||||||||||||
| SENIOR VP PORTFOLIO MANAGEMENT | $167,337 | $0 | $36,407 | $0 | $3,508 | $0 | $28,971 | $0 | $16,426 | $0 | $252,649 | $0 | $0 | $0 |
| MARK KRINGS | ||||||||||||||
| VP PRODUCT IMPLEMENTATION | $0 | $129,417 | $0 | $11,169 | $0 | $1,492 | $0 | $21,856 | $0 | $28,762 | $0 | $192,696 | $0 | $0 |
| DEANA MARIE UNGER | ||||||||||||||
| VP FINANCIAL AID OPS | $0 | $130,369 | $0 | $10,918 | $0 | $1,592 | $0 | $21,331 | $0 | $764 | $0 | $164,974 | $0 | $0 |
| SHANNON JONES | ||||||||||||||
| VP BUSINESS DEVELOPMENT | $0 | $117,602 | $0 | $0 | $0 | $1,162 | $0 | $13,832 | $0 | $23,401 | $0 | $155,997 | $0 | $0 |
Schedule N IRS990ScheduleN
Disposition Of Assets Detail DispositionOfAssetsDetail (4 entries)
| Assets Distri Or Expnss PaidAssetsDistriOrExpnssPaidDesc | DistributionDistributionDt | Fair Market Value Of AssetFairMarketValueOfAssetAmt | Method Of FMV DeterminationMethodOfFMVDeterminationTxt | EINEIN | Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | IRC SectionIRCSectionTxt |
|---|---|---|---|---|---|---|---|---|---|
| INCEPTIA | |||||||||
| EQUITY INVESTMENTS | 2023-09-11 | $115,249,007 | FMV | 920907062 | PO BOX 82507 | LINCOLN | NE | 68501 | 501(C)(3) |
| INCEPTIA | |||||||||
| CASH | 2023-09-19 | $43,000,000 | ACTUAL | 920907062 | PO BOX 82507 | LINCOLN | NE | 68501 | 501(C)(3) |
| INCEPTIA | |||||||||
| WHITAIL ROCK STUDENT LOAN INVESTMENTS | 2023-09-07 | $41,863,037 | FMV | 920907062 | PO BOX 82507 | LINCOLN | NE | 68501 | 501(C)(3) |
| INCEPTIA | |||||||||
| CAPITALIZED ASSETS | 2023-07-01 | $2,850,584 | BOOK VALUE | 920907062 | PO BOX 82507 | LINCOLN | NE | 68501 | 501(C)(3) |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Director Of Successor2 | Yes (1) | DirectorOfSuccessor2Ind |
| Employee Of Successor2 | 0 | EmployeeOfSuccessor2Ind |
| Owner Of Successor2 | 0 | OwnerOfSuccessor2Ind |
| Receive Compensation2 | 0 | ReceiveCompensation2Ind |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART II, LINE 2E: | EXPLANATION OF INVOLVEMENT: NEBRASKA STUDENT LOAN PROGRAM (NSLP) IS THE SOLE MEMBER OF INCEPTIA AND THUS INCEPTIA WILL HAVE THE SAME BOARD AS NSLP. THE FOLLOWING BOARD MEMBERS OF NSLP BECAME BOARD MEMBERS OF INCEPTIA, ALL OF WHOM SHARE THE SAME TITLE BETWEEN THE TWO ORGANIZATIONS:- RANDALL SCOTT HEESACKER, PRESIDENT & CEO- DAVID A. MACOUBRIE, EXECUTIVE VP & COO- JILL M. HICKS, CFO- MICHAEL JAY LUBBEN, SENIOR VP OF BUSINESS DEVELOPMENT- SUSAN KAY DOWNING, SENIOR VP OF MARKETING- WILLIAM LEONARD KOHL, SENIOR VP OF PORTFOLIO MANAGEMENT- RICHARD VIERK, CHAIRMAN- GUY SAUNDERS, DIRECTOR- JOSEPH KNECHT, DIRECTOR- KIM RUSSEL, DIRECTOR- ANTHONY GOINS, DIRECTOR |
| PART II, LINE 1: | ON OCTOBER 27, 2022 NEBRASKA STUDENT LOAN PROGRAM, INC. (NSLP) FILED ARTICLES OF INCORPORATION FOR INCEPTIA WITH THE NEBRASKA SECRETARY OF STATE. INCEPTIA RECEIVED NOTICE OF TAX EXEMPT STATUS FROM THE INTERNAL REVENUE SERVICE ON APRIL 11, 2023. ON JULY 1, 2023, NSLP TRANSFERRED CERTAIN UNDERLYING INTERESTS AND ASSETS, TO INCEPTIA BY GRANT. THIS INCLUDED CERTAIN PROGRAMS AND INTELLECTUAL PROPERTY RELATED TO SUCH PROGRAMS, EQUIPMENT, OTHER TANGIBLE AND INTANGIBLE PROPERTY, DOMAIN NAME REGISTRATIONS, WEB ADDRESSES, WEB SITE CONTENT, CASH AND OTHER INVESTMENT ASSETS IN ORDER TO SUPPORT THE ACTIVITIES OF INCEPTIA. |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (8 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 1A | THERE ARE NO COMMITTEES WITH GOVERNING AUTHORITY TO ACT ON BEHALF OF THE BOARD OF DIRECTORS. |
| FORM 990, PART VI, SECTION A, LINE 6 | THE FOUNDATION FOR EDUCATIONAL SERVICES, INC. (FES), A NOT-FOR-PROFIT CORPORATION, SERVES AS THE SOLE MEMBER OF NEBRASKA STUDENT LOAN PROGRAM, INC. (NSLP) AND ELECTS NSLP'S BOARD OF DIRECTORS. |
| FORM 990, PART VI, SECTION A, LINE 7A | THE FOUNDATION FOR EDUCATIONAL SERVICES, INC. (FES), A NOT-FOR-PROFIT CORPORATION, SERVES AS THE SOLE MEMBER OF NEBRASKA STUDENT LOAN PROGRAM, INC. (NSLP) AND ELECTS NSLP'S BOARD OF DIRECTORS. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE 990 IS PREPARED BY AN EXTERNAL AUDITOR, REVIEWED BY STAFF, AND MAILED TO ALL BOARD MEMBERS. THE 990 IS PRESENTED TO THE AUDIT COMMITTEE AND THE BOARD BEFORE IT IS FILED. |
| FORM 990, PART VI, SECTION B, LINE 12C | NSLP MAINTAINS A CONFLICT OF INTEREST POLICY FOR ALL DIRECTORS AND OFFICERS. A CONFLICT OF INTEREST EXISTS IF A MEMBER HAS FINANCIAL OR OWNERSHIP INTEREST IN THE ORGANIZATION. THE POLICY EXISTS TO IDENTIFY POTENTIAL INSTANCES IN WHICH AN INDIVIDUAL COULD PERSONALLY BENEFIT TO THE DETRIMENT OF THE ORGANIZATION. THE POLICY REQUIRES ALL MEMBERS TO DISCLOSE AN ANNUAL DISCLOSURE FORM. IF A POTENTIAL CONFLICT OF INTEREST IS DETERMINED TO EXIST, SUCH INTERESTED PERSON MUST PREPARE A WRITTEN STATEMENT DESCRIBING THE NATURE OF THE TRANSACTION AND CONFLICT OF INTEREST. DISCUSSIONS WITH INDEPENDENT, OUTSIDE LEGAL COUNSEL, AS WELL AS THE CHAIRMAN AND PRESIDENT OF NSLP DETERMINE WHETHER A CONFLICT OF INTEREST EXISTS. IN THE EVENT OF A POSITIVE FINDING BY INDEPENDENT LEGAL COUNSEL AND AFTER REVIEW BY THE BOARD, LEGAL COUNSEL WILL ADVISE THE INTERESTED PERSON HOW TO REMOVE THEMSELVES FROM INFLUENCE OVER THE DECISIONS ON THE MATTER, AS WELL AS ADVISE ON ANY OTHER RESTRICTIONS THAT WILL BE IMPOSED UPON THE INTERESTED INDIVIDUAL. RESULTS OF THE PROCEEDINGS ARE DOCUMENTED IN THE ORGANIZATION'S MEETING MINUTES. |
| FORM 990, PART VI, SECTION B, LINE 15 | OUTSIDE LEGAL COUNSEL UNDERTAKES A COMPREHENSIVE EVALUATION OF THE COMPENSATION AND BENEFIT PACKAGES FOR OFFICERS AND OTHER AFFECTED EMPLOYEES OF THE ORGANIZATION, COMPARING THE SAME RELEVANT INDUSTRY AND OTHER MARKET COMPARABLES. COUNSEL THEN PROVIDES TO THE BOARD OF DIRECTORS A SUMMARY OF THE COMPARABILITY DATA, AN ANALYSIS OF THE DATA RELATIVE TO THE ORGANIZATIONAL EMPLOYEES, AND A REASONED OPINION CONCERNING THIS CONCLUSION. THE BOARD OF DIRECTORS THEN CONFIRMS AND RATIFIES ALL COMPENSATION/BENEFITS PACKAGES, WITH THE DECISION PROCESS PROPERLY DOCUMENTED AS REQUIRED BY THE REGULATIONS. ON A ROUTINE BASIS, NSLP ENGAGES AN INDEPENDENT COMPENSATION SPECIALIST TO PROVIDE DATA FOR KEY POSITIONS. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2023. |
| FORM 990, PART VI, SECTION C, LINE 19 | PUBLIC AVAILABILITY OF DOCUMENTS, POLICIES, AND FINANCIAL STATEMENTS: NSLP DOES NOT MAKE THEIR GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, OR FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. |
| FORM 990, PART XII, LINE 2C: | THE AUDIT OVERSIGHT PROCESS HAS NOT CHANGED FROM PRIOR YEAR. |
Schedule R IRS990ScheduleR
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (3 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Exempt Code SectionExemptCodeSectionTxt | Public Charity StatusPublicCharityStatusTxt | Direct Controlling NADirectControllingNACd | Controlled OrganizationControlledOrganizationInd | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt |
|---|---|---|---|---|---|---|---|---|---|---|---|
| FOUNDATION FOR EDUCATIONAL SERVICES INC | |||||||||||
| PO BOX 82552 | LINCOLN | NE | 68501 | 470703499 | SUPPORTING ORG | NE | 501(C)(3) | LINE 12B, II | N/A | 0 | |
| EDUCATIONQUEST FOUNDATION | |||||||||||
| 1300 O STREET | LINCOLN | NE | 68508 | 470606382 | EDU SUPPORT | NE | 501(C)(3) | LINE 12B, II | 0 | FES | |
| INCEPTIA | |||||||||||
| PO BOX 82507 | LINCOLN | NE | 68501 | 920907062 | STUDENT FINANCIAL AID SUPPORT | NE | 501(C)(3) | LINE 10 | Yes (1) | NSLP | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | Yes (1) | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | 0 | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | Yes (1) | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | 0 | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | Yes (1) | SharingOfFacilitiesInd |
| Paid Employees Sharing | Yes (1) | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | Yes (1) | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp
Other Organization Name OtherOrganizationName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | INCEPTIA | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Transaction Type | B | TransactionTypeTxt |
| Involved | $202,962,628 | InvolvedAmt |
| Method Of Amount Determination | FMV | MethodOfAmountDeterminationTxt |
Comments