2022-03-24T12:05:59-05:00 2021-09-30 410746749 CLIFTONLARSONALLEN LLP 220 S 6TH STREET SUITE 300 MINNEAPOLIS MN 55402 990 2020-10-01 363514573 NEBRASKA STUDENT LOAN PROGRAM INC NEBR 4024796623 PO BOX 82507 LINCOLN NE 685012507 JILL M HICKS CFO 4024796623 2022-03-21 1 JILL HICKS 999009999 DEIRDRE HODGSON P01484710 6123764500 2022-03-21 0 AAL1 IAL1 2020 2022-09-23 18:48:47Z RANDALL HEESACKER PO BOX 82507 LINCOLN NE 685012507 43164751 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 21410457 18896840 4023643 6150470 0 0 25434100 25047310 0 0 0 0 2139163 2174828 0 0 0 26566334 19160684 28705497 21335512 -3271397 3711798 231049264 236203321 25464671 10496343 205584593 225706978 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 16063813 0 18896840 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. 16063813 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 15 0 1 6 1 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 685012507 RANDALL SCOTT HEESACKER PRESIDENT & CEO 40.00 X X 453051 0 54312 RICHARD VIERK CHAIRMAN 1.00 X 36550 0 0 GUY SAUNDERS DIRECTOR 1.00 X 14000 0 0 LYNN CALLAHAN DIRECTOR 1.00 X 12750 0 0 JOSEPH KNECHT DIRECTOR 1.00 X 12750 0 0 ANTHONY GOINS DIRECTOR 1.00 X 12000 0 0 KIM RUSSEL DIRECTOR 1.00 X 0 0 0 DAVID A MACOUBRIE EXECUTIVE VP & COO 40.00 X 265199 0 52731 JILL M HICKS CFO 40.00 X 256515 0 36984 MICHAEL JAY LUBBEN SENIOR VP BUSINESS DEVELOPMENT 40.00 X 249567 0 43315 SUSAN KAY DOWNING SENIOR VP MARKETING 40.00 X 209403 0 47175 WILLIAM LEONARD KOHL SENIOR VP PORTFOLIO MANAGEMENT 40.00 X 198706 0 42558 MARK E KRINGS VP CLIENT SERVICES 40.00 X 0 134501 33199 DEANA MARIE UNGER VP FINANCIAL AID SOLUTIONS 40.00 X 0 123991 17912 SHANNON R JONES AVP BUS. DEVELOPMENT 40.00 X 0 123030 29291 CARISSA R UHLMAN VP STUDENT SUCCESS 40.00 X 0 106935 30159 TAMI MICHELL BRACKENS GILBEAUX AVP BUS. DEVELOPMENT 40.00 X 0 102371 36741 1720491 590828 424377 6 0 1 0 NELNET GUARANTEE SERVICES 121 SOUTH 13TH STREET LINCOLN NE 68508 LOAN SERVICING 4139814 GC SERVICES PO BOX 32500 COLUMBUS OH 43232 COLLECTION SERVICES 2003812 AUTOMATED COLLECTION SERVICES INC 2802 OPRYLAND DRIVE NASHVILLE TN 37214 COLLECTION SERVICES 1075636 WINDHAM PROFESSIONALS INC 380 MAIN STREET SALEM NH 03079 COLLECTION SERVICES 712180 NATIONAL ENTERPRISE SYSTEMS 29125 SOLON ROAD SOLON OH 44319 COLLECTION SERVICES 323275 8 RECOVERY REVENUE 990099 14184756 14184756 OTHER INCOME 990099 2296604 2296604 ACCOUNT MAINTENANCE FE 990099 1576411 1576411 DAF REBATE PROVISION 990099 501352 501352 DEFAULT AVERSION FEE 990099 337717 337717 18896840 3211242 3211242 21056669 18117441 2939228 2939228 2939228 25047310 18896840 0 6150470 2097871 588259 1509612 76957 24411 52546 92991 92991 94590 94590 349485 349485 321377 321377 64610 64610 235371 224493 10878 3367387 2624576 742811 651669 434411 217258 3741 1184 2557 28300 1245 27055 1624075 1082627 541448 872225 769772 102453 32417 32417 LEASED EMPLOYEES 6118342 4839962 1278380 SERVICING FEES 2631529 2631529 POST-DEFAULT FEES 1994794 1994794 REHABILITATION DISCOUNT 404474 404474 273307 120699 152608 21335512 16063813 5271699 0 33873109 1880518 81598130 62542773 1342674 16843133 87076 81017 1013408 1023206 89656347 149217939 23478520 4614735 231049264 236203321 2731764 7619434 55475 63867 22677432 2813042 25464671 10496343 X 205584593 225706978 205584593 225706978 231049264 236203321 3711798 16410587 0 X X 0 1 X 1 1 1 X 53984154 39664060 27110086 18042731 16600236 155401267 3309628 3943917 4202125 3367726 2296604 17120000 57293782 43607977 31312211 21410457 18896840 172521267 0 0 0 172521267 3831690 4351695 5070303 3906488 3211242 20371418 3831690 4351695 5070303 3906488 3211242 20371418 61125472 47959672 36382514 25316945 22108082 192892685 0.89440 0.91790 0.10560 0.08210 X 0 DEFAULT AVERSION FEE REFUND ALLOWANCE 1134146 FEDERAL FUND LIABILITY - PAYABLE TO US DOE 1678896 2813042 X 40607060 16410587 16410587 24196473 349485 501352 850837 25047310 20484675 0 20484675 349485 501352 850837 21335512 PART X, LINE 2: 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, 2021 AND 2020, 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 501,352. PART XII, LINE 4B - OTHER ADJUSTMENTS: DEFAULT AVERSION FEE REBATE PROVISION 501,352. X X X X X X 0 0 0 0 0 0 0 0 0 RANDALL SCOTT HEESACKER PRESIDENT & CEO 359126 0 78156 0 15769 0 37854 0 16458 0 507363 0 0 0 DAVID A MACOUBRIE EXECUTIVE VP & COO 212416 0 51796 0 987 0 30269 0 22462 0 317930 0 0 0 JILL M HICKS CFO 205804 0 49244 0 1467 0 29656 0 7328 0 293499 0 0 0 MICHAEL JAY LUBBEN SENIOR VP BUSINESS DEVELOPMENT 195426 0 52122 0 2019 0 23536 0 19779 0 292882 0 0 0 SUSAN KAY DOWNING SENIOR VP MARKETING 167138 0 41278 0 987 0 22905 0 24270 0 256578 0 0 0 WILLIAM LEONARD KOHL SENIOR VP PORTFOLIO MANAGEMENT 156288 0 38165 0 4253 0 27400 0 15158 0 241264 0 0 0 MARK E KRINGS VP CLIENT SERVICES 0 122151 0 11363 0 987 0 11242 0 21957 0 167700 0 0 SHANNON R JONES AVP BUS. DEVELOPMENT 0 112253 0 10000 0 777 0 9512 0 19779 0 152321 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. 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. 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 1300 O STREET LINCOLN NE 68508 311777710 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