2023-02-24T15:40:58-06:00 2022-09-30 410746749 CLIFTONLARSONALLEN LLP 220 S 6TH STREET SUITE 300 MINNEAPOLIS MN 55402 990 2021-10-01 363514573 NEBRASKA STUDENT LOAN PROGRAM INC NEBR 4024796623 PO BOX 82507 LINCOLN NE 68501 JILL M HICKS CFO 4024796623 2023-02-24 1 JILL HICKS 999009999 DEIRDRE HODGSON P01484710 6123764500 2023-02-24 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z RANDALL HEESACKER PO BOX 82507 LINCOLN NE 68501 64299524 0 X WWW.NSLP.ORG X 1986 NE 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. 7 6 6 0 0 0 0 0 18896840 39689524 6150470 5764455 0 0 25047310 45453979 0 0 0 0 2174828 2105014 0 0 0 19160684 17848537 21335512 19953551 3711798 25500428 236203321 230624169 10496343 7875094 225706978 222749075 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. 0 0 14062222 0 39689524 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. 14062222 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 18 0 1 6 1 0 0 0 0 0 0 0 0 0 0 0 0 X 7 6 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NE X JILL M HICKS 4024796623 PO BOX 82507 LINCOLN NE 68501 RANDALL SCOTT HEESACKER PRESIDENT & CEO 40.00 0.00 X X 447799 0 55948 DAVID A MACOUBRIE EXECUTIVE VP & COO 40.00 0.00 X 272250 0 56614 JILL M HICKS CFO 40.00 0.00 X 262584 0 38016 MICHAEL JAY LUBBEN SENIOR VP BUSINESS DEVELOPMENT 40.00 0.00 X 226101 0 40181 SUSAN KAY DOWNING SENIOR VP MARKETING 40.00 0.00 X 207739 0 49226 WILLIAM LEONARD KOHL SENIOR VP PORTFOLIO MANAGEMENT 40.00 0.00 X 198098 0 47281 MARK E KRINGS VP CLIENT SERVICES 40.00 0.00 X 0 138675 42311 DEANA MARIE UNGER VP FINANCIAL AID SOLUTIONS 40.00 0.00 X 0 131315 19639 SHANNON R JONES AVP BUS. DEVELOPMENT 40.00 0.00 X 0 126295 33637 CARISSA R UHLMAN VP STUDENT SUCCESS 40.00 0.00 X 0 109986 31063 TAMI MICHELL BRACKENS GILBEAUX AVP BUS. DEVELOPMENT 40.00 0.00 X 0 104574 37652 RICHARD VIERK CHAIRMAN 1.00 0.00 X 36550 0 0 LYNN CALLAHAN DIRECTOR 1.00 0.00 X 20750 0 0 GUY SAUNDERS DIRECTOR 1.00 0.00 X 13250 0 0 JOSEPH KNECHT DIRECTOR 1.00 0.00 X 13000 0 0 KIM RUSSEL DIRECTOR 1.00 0.00 X 11750 0 0 ANTHONY GOINS DIRECTOR 1.00 0.00 X 10750 0 0 1720621 610845 451568 6 0 1 0 NELNET GUARANTEE SERVICES 121 SOUTH 13TH STREET LINCOLN NE 68508 LOAN SERVICING 2216631 GC SERVICES PO BOX 32500 COLUMBUS OH 43232 COLLECTION SERVICES 851302 AUTOMATED COLLECTION SERVICES INC 2802 OPRYLAND DRIVE NASHVILLE TN 37214 COLLECTION SERVICES 493403 WINDHAM PROFESSIONALS INC 380 MAIN STREET SALEM NH 03079 COLLECTION SERVICES 291227 NATIONAL ENTERPRISE SYSTEMS 29125 SOLON ROAD SOLON OH 44319 COLLECTION SERVICES 100172 6 RECOVERY REVENUE 990099 36651048 36651048 OTHER INCOME 990099 1494819 1494819 ACCT MAINTENANCE FEE 990099 1319692 1319692 DAF REBATE PROVISION 990099 223965 223965 39689524 4599509 4599509 20010491 18845545 1164946 1164946 1164946 45453979 39689524 0 5764455 2025363 610695 1414668 79651 38228 41423 131035 131035 86584 18600 67984 329552 329552 270359 270359 40755 40755 133968 108297 25671 4006769 3051463 955306 626796 417830 208966 75338 2361 72977 70457 761 69696 1767514 1178246 589268 500393 431228 69165 LEASED EMPLOYEES 6827927 5124792 1703135 SERVICING FEES 1633971 1633971 POST-DEFAULT FEES 630594 630594 DEFAULT AVERSION FEE 259996 259996 456529 284801 171728 19953551 14062222 5891329 0 1880518 1478336 62542773 70510573 16843133 4509942 81017 64940 1023206 809378 149217939 144144807 4614735 9106193 236203321 230624169 7619434 1589752 63867 193965 2813042 6091377 10496343 7875094 X 225706978 222749075 225706978 222749075 236203321 230624169 25500428 -28458331 0 X X 0 1 X 1 1 1 X 39664060 27110086 18042731 16600236 38194705 139611818 3943917 4202125 3367726 2296604 1494821 15305193 43607977 31312211 21410457 18896840 39689526 154917011 0 0 0 154917011 4351695 5070303 3906488 3211242 4599509 21139237 4351695 5070303 3906488 3211242 4599509 21139237 47959672 36382514 25316945 22108082 44289035 176056248 0.87990 0.89440 0.12010 0.10560 X 0 DEFAULT AVERSION FEE REFUND ALLOWANCE 910181 FEDERAL FUND LIABILITY - PAYABLE TO US DOE 5181196 6091377 X 16182135 -28458331 -28458331 44640466 329552 483961 813513 45453979 19140038 0 19140038 329552 483961 813513 19953551 PART X, LINE 2: 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, 2022 AND 2021, THERE WERE NO UNCERTAIN TAX POSITIONS. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN INCLUDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. PART XI, LINE 4B - OTHER ADJUSTMENTS: DEFAULT AVERSION FEE REBATE PROVISION 223,965. DEFAULT AVERSION FEE 259,996. PART XII, LINE 4B - OTHER ADJUSTMENTS: DEFAULT AVERSION FEE REBATE PROVISION 223,965. DEFAULT AVERSION FEE 259,996. X X X X X 0 0 0 0 0 0 0 0 0 RANDALL SCOTT HEESACKER PRESIDENT & CEO 375166 0 56939 0 15694 0 38431 0 17517 0 503747 0 0 0 DAVID A MACOUBRIE EXECUTIVE VP & COO 222841 0 48017 0 1392 0 30647 0 25967 0 328864 0 0 0 JILL M HICKS CFO 215907 0 45285 0 1392 0 30013 0 8003 0 300600 0 0 0 MICHAEL JAY LUBBEN SENIOR VP BUSINESS DEVELOPMENT 204141 0 20016 0 1944 0 23637 0 16544 0 266282 0 0 0 SUSAN KAY DOWNING SENIOR VP MARKETING 172960 0 33617 0 1162 0 24761 0 24465 0 256965 0 0 0 WILLIAM LEONARD KOHL SENIOR VP PORTFOLIO MANAGEMENT 160708 0 33982 0 3408 0 27597 0 19684 0 245379 0 0 0 MARK E KRINGS VP CLIENT SERVICES 0 124991 0 12772 0 912 0 13135 0 29176 0 180986 0 0 DEANA MARIE UNGER VP FINANCIAL AID SOLUTIONS 0 118580 0 11706 0 1029 0 18875 0 764 0 150954 0 0 SHANNON R JONES AVP BUS. DEVELOPMENT 0 114077 0 11510 0 708 0 11170 0 22467 0 159932 0 0 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 COMPREHENSIVE CONFLICTS OF INTEREST POLICY FOR DIRECTORS AND OFFICERS. THE POLICY EXISTS TO IDENTIFY POTENTIAL INSTANCES IN WHICH AN INDIVIDUAL COULD OBTAIN A DIRECT OR INDIRECT PERSONAL GAIN OR ADVANTAGE TO THE DETRIMENT OF THE ORGANIZATION, OR WHERE AN INDIVIDUAL'S CONDUCT COULD HAVE AN ADVERSE OR POTENTIALLY ADVERSE EFFECT ON THE INTERESTS OF THE ORGANIZATION. THE POLICY CONTAINS AN AFFIRMATIVE DUTY TO DISCLOSE, AS WELL AS A SPECIFIC PROCESS FOR DISCLOSURES OF POTENTIAL CONFLICTS OF INTEREST, A PROTOCOL IN WHICH INDEPENDENT, OUTSIDE LEGAL COUNSEL IS USED TO EVALUATE WHETHER A CONFLICT EXISTS, PROCEDURES FOR ADDRESSING ACTUAL CONFLICTS OF INTEREST, AND CONSEQUENCES FOR VIOLATIONS OF THE CONFLICTS POLICY. THE POLICY REQUIRES ALL DIRECTORS AND OFFICERS TO COMPLETE AND SUBMIT AN ANNUAL CONFLICTS DISCLOSURE FORM TO OUTSIDE LEGAL COUNSEL. IN ADDITION, THE CONFLICT OF INTEREST POLICY IS INCLUDED IN THE EMPLOYEE HANDBOOK WHICH ALL EMPLOYEES MUST ACKNOWLEDGE AND AGREE TO ABIDE BY. 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. THIS PROCESS WAS LAST COMPLETED IN 2022. 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. FORM 990, PART VI, SECTION A, LINE 8B THE BOARD OF DIRECTORS, BY RESOLUTION ADOPTED BY A MAJORITY OF THE DIRECTORS OF OFFICE, MAY DESIGNATED AND APPOINT ONE OR MORE COMMITTEES, EACH OF WHICH SHALL CONSIST OF TWO OR MORE DIRECTORS, WHICH COMMITTEES, TO THE EXTENT PROVIDED IN SAID RESOLUTION, SHALL HAVE AND EXERCISE THE AUTHORITY OF THE BOARD OF DIRECTORS IN THE MANAGEMENT OF THE CORPORATION; PROVIDED, HOWEVER, THAT NO SUCH COMMITTEE SHALL HAVE THE AUTHORITY OF THE BOARD OF DIRECTORS IN REFERENCE TO AMENDING, ALTERING, OR REPEALING THE BYLAWS; ELECTING, APPOINTING OR REMOVING ANY MEMBER OF ANY SUCH COMMITTEE OR ANY DIRECTOR OR OFFICER OF THE CORPORATION; AMENDING THE ARTICLES OF INCORPORATION; ADOPTING A PLAN OR MERGER OR ADOPTING A PLAN OF CONSOLIDATION WITH ANOTHER CORPORATION; AUTHORIZING THE SALE, LEASE, EXCHANGE OR MORTGAGE OF ALL OR SUBSTANTIALLY OF THE PROPERTY AND ASSETS OF THE CORPORATION; AUTHORIZING THE VOLUNTARY DISSOLUTION OF THE CORPORATION OR REVOKING PROCEEDINGS THEREFOR, ADOPTING A PLAN FOR DISTRIBUTION OF THE ASSETS OF THE CORPORATION; OR AMENDING, ALTERING OR REPEALING ANY RESOLUTION OF THE BOARD OF DIRECTORS WHICH, BY ITS TERMS, PROVIDES THAT IT SHALL NOT BE AMENDED, ALTERED OR REPEALED BY SUCH COMMITTEE. THE DESIGNATION AND APPOINTMENT OF ANY SUCH COMMITTEE AND THE DELEGATION THERETO OF AUTHORITY SHALL NOT OPERATE TO RELIEVE THE BOARD OF DIRECTORS OR ANY INDIVIDUAL DIRECTOR OF ANY RESPONSIBILITY IMPOSED UPON IT OR HIM OR HER BY LAW. FOUNDATION FOR EDUCATIONAL SERVICES INC PO BOX 82552 LINCOLN NE 68501 470703499 SUPPORTING ORG NE 501(C)(3) 12, TYPE II N/A 0 EDUCATIONQUEST FOUNDATION 1300 O STREET LINCOLN NE 68508 470606382 EDU SUPPORT NE 501(C)(3) 12, TYPE II FES 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 0 0