NEW MEXICO STUDENT LOAN GUARANTEE CORPORATION: Form 990, tax year 2020

View the entire original 990 at ProPublica ↗

Organization: NEW MEXICO STUDENT LOAN GUARANTEE CORPORATION (EIN 85-0291314)
Tax period: 2020-10-01 to 2021-09-30
Filed: 2022-08-05
IRS object ID: 202232179349301228
Schema version: 2020v4.1
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
Form 990
Schedule A
Schedule C
Schedule D
Schedule J
Schedule O
Schedule R

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2022-08-05T21:18:09-04:00	ReturnTs
Tax Period End	2021-09-30	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	463916466	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	Jaramillo Accounting Group LLC	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	4700 Lincoln Road NE	AddressLine1Txt
City	Albuquerque	CityNm
State Abbreviation	NM	StateAbbreviationCd
ZIP	87109	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990	ReturnTypeCd
Tax Period Begin	2020-10-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	850291314	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	NEW MEXICO STUDENT LOAN GUARANTEE CORPORATION	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	NEWM	BusinessNameControlTxt

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	PO BOX 92230	AddressLine1Txt
City	ALBUQUERQUE	CityNm
State Abbreviation	NM	StateAbbreviationCd
ZIP	871992230	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	TRACY ROWE	PersonNm
Person Title	ASSISTANT VP OF	PersonTitleTxt
Phone	5057612040	PhoneNum
Signature	2022-07-28	SignatureDt
Discuss With Paid Preparer	Yes (true)	DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

Field	Value	IRS element (for citing)
Person First	TRACY	PersonFirstNm
Person Last	ROWE	PersonLastNm

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	SCOTT ELIASON	PreparerPersonNm
PTIN	P02372673	PTIN
Phone	5053232035	PhoneNum
Preparation	2022-08-05	PreparationDt

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

Field	Value	IRS element (for citing)
Trusted Customer	0	TrustedCustomerCd
OOB Security Verification	00	OOBSecurityVerificationCd
Authentication Assurance Level	AAL1	AuthenticationAssuranceLevelCd
Identity Assurance Level	IAL1	IdentityAssuranceLevelCd

Field	Value	IRS element (for citing)
Tax	2020	TaxYr
Build TS	2022-09-23 18:48:47Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Principal Officer	BRAD ALLPASS	PrincipalOfficerNm
Gross Receipts	$3,044,592	GrossReceiptsAmt
Group Return For Affiliates	false	GroupReturnForAffiliatesInd
Organization501c3	Yes (X)	Organization501c3Ind
Website Address	WWW.NMSLGC.ORG	WebsiteAddressTxt
Type Of Organization Corp	Yes (X)	TypeOfOrganizationCorpInd
Formation	1981	FormationYr
Legal Domicile State	NM	LegalDomicileStateCd
Activity Or Mission	NEW MEXICO STUDENT LOAN GUARANTEE CORPORATION IS AN ORGANIZATION PROVIDING QUALITY FINANCIAL SERVICES & CULTIVATING STRONG PROFESSIONAL RELATIONSHIPS TO ENCOURAGE & ASSIST IN THE PURSUIT OF HIGHER EDUCATION, THUS ENHANCING THE QUALITY OF LIFE & FUTURE SUCCESS OF OUR STAKEHOLDERS.	ActivityOrMissionDesc
Voting Members Governing Body	4	VotingMembersGoverningBodyCnt
Voting Members Independent	4	VotingMembersIndependentCnt
Total Employee	6	TotalEmployeeCnt
Total Gross UBI	$101,222	TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm	$11,824	NetUnrelatedBusTxblIncmAmt
CY Contributions Grants	$0	CYContributionsGrantsAmt
PY Program Service Revenue	$4,356,263	PYProgramServiceRevenueAmt
CY Program Service Revenue	$2,994,129	CYProgramServiceRevenueAmt
PY Investment Income	$71,745	PYInvestmentIncomeAmt
CY Investment Income	$50,463	CYInvestmentIncomeAmt
CY Other Revenue	$0	CYOtherRevenueAmt
PY Total Revenue	$4,428,008	PYTotalRevenueAmt
CY Total Revenue	$3,044,592	CYTotalRevenueAmt
CY Grants And Similar Paid	$0	CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members	$0	CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid	$1,075,750	PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid	$1,041,316	CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns	$0	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$0	CYTotalFundraisingExpenseAmt
PY Other Expenses	$2,828,888	PYOtherExpensesAmt
CY Other Expenses	$5,348,922	CYOtherExpensesAmt
PY Total Expenses	$3,904,638	PYTotalExpensesAmt
CY Total Expenses	$6,390,238	CYTotalExpensesAmt
PY Revenues Less Expenses	$523,370	PYRevenuesLessExpensesAmt
CY Revenues Less Expenses	-$3,345,646	CYRevenuesLessExpensesAmt
Total Assets BOY	$15,959,895	TotalAssetsBOYAmt
Total Assets EOY	$15,866,075	TotalAssetsEOYAmt
Total Liabilities BOY	$1,231,555	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$4,368,686	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	$14,728,340	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	$11,497,389	NetAssetsOrFundBalancesEOYAmt
Mission	NEW MEXICO STUDENT LOAN GUARANTEE CORPORATION IS AN ORGANIZATION PROVIDING QUALITY FINANCIAL SERVICES & CULTIVATING STRONG PROFESSIONAL RELATIONSHIPS TO ENCOURAGE & ASSIST IN THE PURSUIT OF HIGHER EDUCATION, THUS ENHANCING THE QUALITY OF LIFE & FUTURE SUCCESS OF OUR STAKEHOLDERS.	MissionDesc
Significant New Program Srvc	false	SignificantNewProgramSrvcInd
Significant Change	false	SignificantChangeInd
Expense	$1,692,152	ExpenseAmt
Revenue	$2,701,941	RevenueAmt
Desc	STUDENT LOAN PROGRAMS: UNDER THE FEDERAL FAMILY EDUCATIONAL LOAN PROGRAM (FFELP) THE GUARANTEE CORPORATION IS REQUIRED TO COLLECT ON DEFAULTED LOANS.	Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

Field	Value	IRS element (for citing)
Expense	$353,226	ExpenseAmt
Desc	STUDENT LOAN PROGRAMS: UNDER THE FEDERAL FAMILY EDUCATIONAL LOAN PROGRAM (FFELP) GUARANTOR PAYS LENDER CLAIMS ON DEFAULTED LOANS	Desc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

Field	Value	IRS element (for citing)
Revenue	$203,790	RevenueAmt
Desc	THE GUARANTEE CORPORATION RECEIVES REGULATORY FEES FOR PARTICIPATION IN THE FFELP PROGRAM	Desc

Field	Value	IRS element (for citing)
Total Program Service Expenses	$2,045,378	TotalProgramServiceExpensesAmt
Described In Section501c3	Yes (true)	DescribedInSection501c3Ind
Schedule B Required	false	ScheduleBRequiredInd
Political Campaign Acty	false	PoliticalCampaignActyInd
Lobbying Activities	Yes (true)	LobbyingActivitiesInd
Subject To Proxy Tax	false	SubjectToProxyTaxInd
Donor Advised Fund	false	DonorAdvisedFundInd
Conservation Easements	false	ConservationEasementsInd
Collections Of Art	false	CollectionsOfArtInd
Credit Counseling	false	CreditCounselingInd
Donor Rstr Or Quasi Endowments	false	DonorRstrOrQuasiEndowmentsInd
Report Land Building Equipment	false	ReportLandBuildingEquipmentInd
Report Investments Other Sec	Yes (true)	ReportInvestmentsOtherSecInd
Report Program Related Invst	false	ReportProgramRelatedInvstInd
Report Other Assets	false	ReportOtherAssetsInd
Report Other Liabilities	false	ReportOtherLiabilitiesInd
Include FIN48 Footnote	false	IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt	Yes (true)	IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt	false	ConsolidatedAuditFinclStmtInd
School Operating	false	SchoolOperatingInd
Foreign Office	false	ForeignOfficeInd
Foreign Activities	false	ForeignActivitiesInd
More Than5000 K To Org	false	MoreThan5000KToOrgInd
More Than5000 K To Individuals	false	MoreThan5000KToIndividualsInd
Professional Fundraising	false	ProfessionalFundraisingInd
Fundraising Activities	false	FundraisingActivitiesInd
Gaming Activities	false	GamingActivitiesInd
Operate Hospital	false	OperateHospitalInd
Grants To Organizations	false	GrantsToOrganizationsInd
Grants To Individuals	false	GrantsToIndividualsInd
Schedule J Required	Yes (true)	ScheduleJRequiredInd
Tax Exempt Bonds	false	TaxExemptBondsInd
Engaged In Excess Benefit Trans	false	EngagedInExcessBenefitTransInd
PY Excess Benefit Trans	false	PYExcessBenefitTransInd
Loan Outstanding	false	LoanOutstandingInd
Grant To Related Person	false	GrantToRelatedPersonInd
Business Rln With Org Mem	false	BusinessRlnWithOrgMemInd
Business Rln With Fam Mem	false	BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent	false	BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri	false	DeductibleNonCashContriInd
Deductible Art Contribution	false	DeductibleArtContributionInd
Terminate Operations	false	TerminateOperationsInd
Partial Liquidation	false	PartialLiquidationInd
Disregarded Entity	false	DisregardedEntityInd
Related Entity	Yes (true)	RelatedEntityInd
Related Organization Ctrl Ent	Yes (true)	RelatedOrganizationCtrlEntInd
Transaction With Control Ent	Yes (true)	TransactionWithControlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org	false	TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp	false	ActivitiesConductedPrtshpInd
Schedule O Required	Yes (true)	ScheduleORequiredInd
IRP Document	0	IRPDocumentCnt
IRP Document W2 G	0	IRPDocumentW2GCnt
Employee	6	EmployeeCnt
Employment Tax Returns Filed	Yes (true)	EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit	Yes (true)	UnrelatedBusIncmOverLimitInd
Form990 T Filed	Yes (true)	Form990TFiledInd
Foreign Financial Account	false	ForeignFinancialAccountInd
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTransInd
Taxable Party Notification	false	TaxablePartyNotificationInd
Nondeductible Contributions	false	NondeductibleContributionsInd
Quid Pro Quo Contributions	false	QuidProQuoContributionsInd
Form8282 Property Disposed Of	false	Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct	false	RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct	false	PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services	false	IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt	false	SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc	false	SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VI	Yes (X)	InfoInScheduleOPartVIInd
Governing Body Voting Members	4	GoverningBodyVotingMembersCnt
Independent Voting Member	4	IndependentVotingMemberCnt
Family Or Business Rln	false	FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties	false	DelegationOfMgmtDutiesInd
Change To Org Documents	false	ChangeToOrgDocumentsInd
Material Diversion Or Misuse	false	MaterialDiversionOrMisuseInd
Members Or Stockholders	false	MembersOrStockholdersInd
Election Of Board Members	false	ElectionOfBoardMembersInd
Decisions Subject To Approva	false	DecisionsSubjectToApprovaInd
Minutes Of Governing Body	Yes (true)	MinutesOfGoverningBodyInd
Minutes Of Committees	Yes (true)	MinutesOfCommitteesInd
Officer Mailing Address	false	OfficerMailingAddressInd
Local Chapters	false	LocalChaptersInd
Form990 Provided To Gvrn Body	Yes (true)	Form990ProvidedToGvrnBodyInd
Conflict Of Interest Policy	Yes (true)	ConflictOfInterestPolicyInd
Annual Disclosure Covered Prsn	Yes (true)	AnnualDisclosureCoveredPrsnInd
Regular Monitoring Enfrc	Yes (true)	RegularMonitoringEnfrcInd
Whistleblower Policy	Yes (true)	WhistleblowerPolicyInd
Document Retention Policy	Yes (true)	DocumentRetentionPolicyInd
Compensation Process CEO	Yes (true)	CompensationProcessCEOInd
Compensation Process Other	Yes (true)	CompensationProcessOtherInd
Investment In Joint Venture	false	InvestmentInJointVentureInd
States Where Copy Of Return Is Fld	NM	StatesWhereCopyOfReturnIsFldCd
Other Website	Yes (X)	OtherWebsiteInd
Upon Request	Yes (X)	UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Field	Value	IRS element (for citing)
Person	THE ORGANIZATION	PersonNm
Phone	5057612063	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	PO BOX 92230	AddressLine1Txt
City	ALBUQUERQUE	CityNm
State Abbreviation	NM	StateAbbreviationCd
ZIP	871992230	ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (9 entries)

TitleTitleTxt	Average Hours Per WeekAverageHoursPerWeekRt	Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt	Institutional TrusteeInstitutionalTrusteeInd	OfficerOfficerInd	Reportable Comp From OrgReportableCompFromOrgAmt	Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt	Other CompensationOtherCompensationAmt	Highest Compensated EmployeeHighestCompensatedEmployeeInd	Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd
BRAD ALLPASS
PRESIDENT	10.00	0.00	Yes (X)	Yes (X)	$0	$193,089	$16,064
REGINALD STORMENT
LEGAL COUNSEL	10.00	0.00			$0	$155,922	$27,216	Yes (X)
GRACE TACKMAN
ASST VP OF HUMAN RESOURCES	10.00	0.00		Yes (X)	$0	$132,236	$31,896
ESTEVAN MARTINEZ
ASST VP OF IT	10.00	0.00		Yes (X)	$0	$118,231	$16,866
TRACY ROWE
ASSISTANT VP OF FINANCE	10.00	0.00		Yes (X)	$0	$93,514	$21,391
DAN SALZWEDEL
DIRECTOR	2.00	0.00			$0	$0	$0		Yes (X)
ROBERT GABALDON
DIRECTOR	2.00	0.00			$0	$0	$0		Yes (X)
VAL ALONZO
DIRECTOR	10.00	0.00			$0	$0	$0		Yes (X)
SARAH DION KIDD-JOHNSON
DIRECTORCHAIR	2.00	0.00		Yes (X)	$0	$0	$0		Yes (X)

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	$0	TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org	$692,992	TotReportableCompRltdOrgAmt
Total Other Compensation	$113,433	TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K	0	IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed	false	FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K	Yes (true)	TotalCompGreaterThan150KInd
Compensation From Other Srcs	false	CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp

Contractor Name ContractorName

Field	Value	IRS element (for citing)
Person	AESPHEAA	PersonNm

Contractor Address ContractorAddress

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	PO BOX 64849	AddressLine1Txt
City	Baltimore	CityNm
State Abbreviation	MD	StateAbbreviationCd
ZIP	21264	ZIPCd

Field	Value	IRS element (for citing)
Services	PROG SYS & MAINT	ServicesDesc
Compensation	$396,897	CompensationAmt

Field	Value	IRS element (for citing)
Cntrct Rcvd Greater Than100 K	1	CntrctRcvdGreaterThan100KCnt

Program Service Revenue ProgramServiceRevenueGrp (3 entries)

DescDesc	BusinessBusinessCd	Total Revenue ColumnTotalRevenueColumnAmt	Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt	Unrelated Business RevenueUnrelatedBusinessRevenueAmt
RETAINED COLLECTIONS	522200	$2,701,941	$2,701,941
ACCOUNT MAINTENANCE	522200	$203,790	$203,790
WORKFORCE REVENUE	522200	$88,398		$88,398

Field	Value	IRS element (for citing)
Total Program Service Revenue	$2,994,129	TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$50,463	TotalRevenueColumnAmt
Unrelated Business Revenue	$12,824	UnrelatedBusinessRevenueAmt
Exclusion	$37,639	ExclusionAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$3,044,592	TotalRevenueColumnAmt
Related Or Exempt Func Income	$2,905,731	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$101,222	UnrelatedBusinessRevenueAmt
Exclusion	$37,639	ExclusionAmt

Field	Value	IRS element (for citing)
Info In Schedule O Part IX	Yes (X)	InfoInScheduleOPartIXInd

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

Field	Value	IRS element (for citing)
Total	$201,606	TotalAmt
Management And General	$201,606	ManagementAndGeneralAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

Field	Value	IRS element (for citing)
Total	$607,492	TotalAmt
Program Services	$251,050	ProgramServicesAmt
Management And General	$356,442	ManagementAndGeneralAmt

Pension Plan Contributions PensionPlanContributionsGrp

Field	Value	IRS element (for citing)
Total	$26,435	TotalAmt
Program Services	$7,427	ProgramServicesAmt
Management And General	$19,008	ManagementAndGeneralAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

Field	Value	IRS element (for citing)
Total	$167,432	TotalAmt
Program Services	$56,615	ProgramServicesAmt
Management And General	$110,817	ManagementAndGeneralAmt

Payroll Taxes PayrollTaxesGrp

Field	Value	IRS element (for citing)
Total	$38,351	TotalAmt
Program Services	$19,565	ProgramServicesAmt
Management And General	$18,786	ManagementAndGeneralAmt

Fees For Services Legal FeesForServicesLegalGrp

Field	Value	IRS element (for citing)
Total	$70	TotalAmt
Management And General	$70	ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

Field	Value	IRS element (for citing)
Total	$44,154	TotalAmt
Management And General	$44,154	ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

Field	Value	IRS element (for citing)
Total	$1,457,899	TotalAmt
Program Services	$1,444,230	ProgramServicesAmt
Management And General	$13,669	ManagementAndGeneralAmt

Advertising AdvertisingGrp

Field	Value	IRS element (for citing)
Total	$130,804	TotalAmt
Management And General	$130,804	ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

Field	Value	IRS element (for citing)
Total	$62,950	TotalAmt
Program Services	$55,511	ProgramServicesAmt
Management And General	$7,439	ManagementAndGeneralAmt

Information Technology InformationTechnologyGrp

Field	Value	IRS element (for citing)
Total	$227,033	TotalAmt
Program Services	$170,275	ProgramServicesAmt
Management And General	$56,758	ManagementAndGeneralAmt

Occupancy OccupancyGrp

Field	Value	IRS element (for citing)
Total	$56,535	TotalAmt
Program Services	$40,705	ProgramServicesAmt
Management And General	$15,830	ManagementAndGeneralAmt

Travel TravelGrp

Field	Value	IRS element (for citing)
Total	$19,342	TotalAmt
Management And General	$19,342	ManagementAndGeneralAmt

Insurance InsuranceGrp

Field	Value	IRS element (for citing)
Total	$25,435	TotalAmt
Management And General	$25,435	ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDesc	TotalTotalAmt	Management And GeneralManagementAndGeneralAmt
BUSINESS RECOVERY EXP	$5,561	$5,561
CAPITAL BUDGET EXP REIMB	$145,893	$145,893
UBI TAXES	$2,186	$2,186
EXP FR PAUSE ON COLLECTIONS	$3,170,091	$3,170,091

All Other Expenses AllOtherExpensesGrp

Field	Value	IRS element (for citing)
Total	$969	TotalAmt
Management And General	$969	ManagementAndGeneralAmt

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$6,390,238	TotalAmt
Program Services	$2,045,378	ProgramServicesAmt
Management And General	$4,344,860	ManagementAndGeneralAmt
Fundraising	$0	FundraisingAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

Field	Value	IRS element (for citing)
BOY	$9,493,581	BOYAmt
EOY	$9,202,737	EOYAmt

Accounts Receivable AccountsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$308,217	BOYAmt
EOY	$379,260	EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

Field	Value	IRS element (for citing)
BOY	$760,000	BOYAmt
EOY	$760,000	EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

Field	Value	IRS element (for citing)
BOY	$16,235	BOYAmt
EOY	$27,521	EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

Field	Value	IRS element (for citing)
BOY	$5,381,862	BOYAmt
EOY	$5,496,557	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$15,959,895	BOYAmt
EOY	$15,866,075	EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

Field	Value	IRS element (for citing)
BOY	$1,231,555	BOYAmt
EOY	$4,368,686	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$1,231,555	BOYAmt
EOY	$4,368,686	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	$10,468,560	BOYAmt
EOY	$10,301,007	EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$4,259,780	BOYAmt
EOY	$1,196,382	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$14,728,340	BOYAmt
EOY	$11,497,389	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$15,959,895	BOYAmt
EOY	$15,866,075	EOYAmt

Field	Value	IRS element (for citing)
Reconcilation Revenue Expnss	-$3,345,646	ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst	$114,695	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	false	AccountantCompileOrReviewInd
FS Audited	Yes (true)	FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

Field	Value	IRS element (for citing)
Separate Basis Fincl Stmt	Yes (X)	SeparateBasisFinclStmtInd

Field	Value	IRS element (for citing)
Audit Committee	Yes (true)	AuditCommitteeInd
Federal Grant Audit Required	Yes (true)	FederalGrantAuditRequiredInd
Federal Grant Audit Performed	Yes (true)	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	$2,579,259	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$2,123,113	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$4,608,116	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$4,259,357	CurrentTaxYearMinus1YearAmt
Current Tax Year	$2,905,731	CurrentTaxYearAmt
Total	$16,475,576	TotalAmt

Total509 Total509Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$2,579,259	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$2,123,113	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$4,608,116	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$4,259,357	CurrentTaxYearMinus1YearAmt
Current Tax Year	$2,905,731	CurrentTaxYearAmt
Total	$16,475,576	TotalAmt

Field	Value	IRS element (for citing)
Public Support Total509	$16,475,576	PublicSupportTotal509Amt

Gross Investment Income509 GrossInvestmentIncome509Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$41,574	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$51,124	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$58,190	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$56,651	CurrentTaxYearMinus1YearAmt
Current Tax Year	$37,639	CurrentTaxYearAmt
Total	$245,178	TotalAmt

Post1975 UBTI Post1975UBTIGrp

Field	Value	IRS element (for citing)
Current Tax Year Minus2 Years	$15,780	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$14,094	CurrentTaxYearMinus1YearAmt
Current Tax Year	$11,824	CurrentTaxYearAmt
Total	$41,698	TotalAmt

Investment Income And UBTI InvestmentIncomeAndUBTIGrp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$41,574	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$51,124	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$73,970	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$70,745	CurrentTaxYearMinus1YearAmt
Current Tax Year	$49,463	CurrentTaxYearAmt
Total	$286,876	TotalAmt

Total Support Calendar Year TotalSupportCalendarYearGrp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$2,620,833	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$2,174,237	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$4,682,086	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$4,330,102	CurrentTaxYearMinus1YearAmt
Current Tax Year	$2,955,194	CurrentTaxYearAmt
Total	$16,762,452	TotalAmt

Field	Value	IRS element (for citing)
Public Support CY509	0.98290	PublicSupportCY509Pct
Public Support PY509	0.97910	PublicSupportPY509Pct
Investment Income CY	0.02000	InvestmentIncomeCYPct
Investment Income PY	0.02000	InvestmentIncomePYPct
Thirty Thr Pct Suprt Tests CY509	Yes (X)	ThirtyThrPctSuprtTestsCY509Ind

Schedule C IRS990ScheduleC

Field	Value	IRS element (for citing)
Volunteers	false	VolunteersInd
Paid Staff Or Management	false	PaidStaffOrManagementInd
Media Advertisements	false	MediaAdvertisementsInd
Mailings Members	false	MailingsMembersInd
Publications Or Broadcast	false	PublicationsOrBroadcastInd
Grants Other Organizations	false	GrantsOtherOrganizationsInd
Direct Contact Legislators	Yes (true)	DirectContactLegislatorsInd
Direct Contact Legislators	$1,840	DirectContactLegislatorsAmt
Rallies Demonstrations	false	RalliesDemonstrationsInd
Other Activities	false	OtherActivitiesInd
Total Lobbying Expenditures	$1,840	TotalLobbyingExpendituresAmt
Not Described Section501c3	false	NotDescribedSection501c3Ind

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	Activities to influence legislation (Part II-B, lines 1a - 1h)	FormAndLineReferenceDesc
Explanation	THE NEW MEXICO STUDENT LOAN GUARANTEE CORPORATION IS A MEMBER OF NCHER. NCHER REPRESENTS A NATIONWIDE NETWORK OF GUARANTY AGENCIES, SECONDARY MARKETS, LENDERS, LOAN SERVICES, COLLECTION AGENCIES, SCHOOLS & OTHER ORGANIZATIONS INVOLVED IN THE ADMINISTRATION & SERVICING OF FEDERAL & PRIVATE EDUCATION LOANS. NCHER REPRESENTS ITS MEMBERS ON PUBLIC POLICY INITIATIVES WITHIN THE LEGISLATIVE, EXECUTIVE & REGULATORY BRANCHES OF THE FEDERAL GOVERNMENT & BRINGS TOGETHER THE HIGHER EDUCATION COMMUNITY TO IMPROVE LEGISLATION & REGULATIONS TO STRENGTHEN ALL FEDERAL STUDENT LOAN PROGRAMS THROUGH ITS ONGOING INVOLVEMENT, ON BEHALF OF ITS MEMBERS, WITH CONGRESS, THE DEPARTMENT OF EDUCATION, & OTHER ASSOCIATIONS & ORGANIZATIONS ENGAGED IN STUDENT LOAN FINANCING & POLICY.	ExplanationTxt

Schedule D IRS990ScheduleD

Other Securities OtherSecuritiesGrp (2 entries)

DescDesc	Book ValueBookValueAmt	Method ValuationMethodValuationCd
BANK OF OKLAHOMA LONG TERM CD	$3,000,000	C
DATACOM INDUSTRIES	$2,496,557	F

Field	Value	IRS element (for citing)
Total Book Value Securities	$5,496,557	TotalBookValueSecuritiesAmt
Total Rev Etc Audited Fincl Stmt	$3,159,287	TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst	$114,695	NetUnrealizedGainsInvstAmt
Revenue Not Reported	$114,695	RevenueNotReportedAmt
Revenue Subtotal	$3,044,592	RevenueSubtotalAmt
Total Revenue Per Form990	$3,044,592	TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt	$6,389,269	TotExpnsEtcAuditedFinclStmtAmt
Expenses Subtotal	$6,389,269	ExpensesSubtotalAmt
Other Expenses Not Included	$969	OtherExpensesNotIncludedAmt
Expenses Not Rpt Fincl Stmt	$969	ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990	$6,390,238	TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	Other expenses included on Form 990 (Part XII, line 4b)	FormAndLineReferenceDesc
Explanation	OVERPAYMENT OF 2019 UBI TAXES $969	ExplanationTxt

Schedule J IRS990ScheduleJ

Field	Value	IRS element (for citing)
Written Employment Contract	Yes (X)	WrittenEmploymentContractInd
Board Or Committee Approval	Yes (X)	BoardOrCommitteeApprovalInd
Severance Payment	false	SeverancePaymentInd
Supplemental Nonqual Rtr Plan	false	SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm	false	EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org	false	CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs	false	CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org	false	CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs	false	CompBsdNetEarnsRltdOrgsInd
Any Non Fixed Payments	false	AnyNonFixedPaymentsInd
Initial Contract Exception	false	InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (3 entries)

TitleTitleTxt	Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt	Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt	Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt	Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt
BRAD ALLPASS
PRESIDENT	$193,089	$13,556	$2,508	$209,153
GRACE TACKMAN
ASST VP OF HUMAN RESOURCES	$132,236	$10,148	$21,748	$164,132
REGINALD STORMENT
LEGAL COUNSEL	$155,922	$11,786	$15,430	$183,138

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (8 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
Form 990 governing body review Part VI line 11	AFTER THE INDEPENDENT ACCOUNTANTS HAVE PREPARED THE FORM 990 AND FORM 990-T, THEY ARE SENT TO THE ACCOUNTING DEPARTMENT OF NMSLGC WHERE THEY ARE REVIEWED. THE FORMS ARE THEN REVIEWED BY THE VICE PRESIDENT OF FINANCE. ALL CHANGES ARE THEN FORWARDED TO THE INDEPENDENT ACCOUNTANT. WHEN COMPLETED THE FORMS ARE REVIEWED AGAIN AND THEN THE VICE PRESIDENT OF FINANCE SENDS A COPY TO THE MEMBERS OF THE GOVERNING BODY. AFTER ANY COMMENTS ARE REVIEWED AND FINAL CHANGES MADE, THE VICE PRESIDENT OF FINANCE WILL ALLOW THE INDEPENDENT ACCOUNTANT TO ELECTRONICALLY FILE THE FORM 990.
Conflict of interest policy compliance Part VI line 12c	TO GUARD AGAINST SITUATIONS INVOLVING A CONFLICT OF INTEREST, ALL DIRECTORS, OFFICERS, AND EMPLOYEES WILL RECEIVE A COPY OF NEW MEXICO STUDENT LOANS (NMSL) CODE OF CONDUCT AND MUST COMPLETE AND SIGN AN ANNUAL DISCLOSURE STATEMENT IDENTIFYING HIS OR HER BUSINESS AND/OR PROPERTY AND FINANCIAL INTERESTS IN ANY ORGANIZATION THAT HAS OR IS INTERESTED IN HAVING ANY CONTRACT WITH NMSL. ADDITIONALLY, DIRECTORS, OFFICERS AND EMPLOYEES ARE PROHIBITED FROM USING HIS/HER OFFICIAL STATUS TO INTERFERE WITH A PUBLIC ELECTION, SOLICIT OR COERCE CONTRIBUTIONS FOR POLITICAL PURPOSES, OR USE ORGANIZATIONAL FUNDS FOR A POLITICAL CANDIDATE. AN EMPLOYEE WHO WISHES TO BECOME A CANDIDATE FOR PUBLIC OFFICE MUST HAVE BOARD APPROVAL. ANY CONFLICTS OF INTEREST FOR A DIRECTOR, OFFICER, EMPLOYEE, OR FAMILY MEMBERS THEREOF WITH REGARDS TO A FINANCIAL INTEREST OR BUSINESS DEALINGS (UNLESS WITH A DIVISION OF THE STATE OF NEW MEXICO) MUST BE DISCLOSED IN WRITING AND DISCUSSED AT BOARD MEETINGS. THESE DEALINGS ARE TO BE REFLECTED IN THE MINUTES.
CEO executive director top management comp Part VI line 15a	THE PRESIDENTS SALARY IS SET BY ANALYZING COMPETITORS SALARIES ANNUALLY. SURVEYS ARE CONDUCTED EACH YEAR TO ENSURE THAT THE PRESIDENTS SALARY IS REASONABLE. THE COMPENSATION IS ENUMERATED BY CONTRACT AND DISCUSSED BY THE BOARD IN EXECUTIVE SESSION. DELIBERATIONS ARE DOCUMENTED IN THE MINUTES AND SUPPORTED BY A PERFORMANCE EVALUATION. EMPLOYEES SALARIES ARE SET BY ANALYZING COMPETITORS SALARIES ANNUALLY. THE COMPENSATION IS ENUMERATED BY AN APPROVED SALARY STRUCTURE WITHIN SET RANGES. DELIBERATIONS ARE DOCUMENTED WITH A PERFORMANCE EVALUATION. RAISE POOLS AND TOTAL SALARIES EXPENSE ARE REVIEWED AND APPROVED BY THE BOARD.
Other officer or key employee compensation Part VI line 15b	EMPLOYEES SALARIES ARE SET BY ANALYZING COMPETITORS SALARIES ANNUALLY. THE COMPENSATION IS ENUMERATED BY AN APPROVED SALARY STRUCTURE WITHIN SET RANGES. DELIBERATIONS BY UPPER MANAGEMENT ARE DOCUMENTED WITH A PERFORMANCE EVALUATION. RAISE POOLS AND TOTAL SALARIES EXPENSE IS REVIEWED AND APPROVED BY THE BOARD.
Governing documents etc available to public Part VI line 19	AUDITED FINANCIAL STATEMENTS ARE SENT TO DUN AND BRADSTREET AND ARE AVAILABLE THROUGH THAT WEBSITE. COPIES OF THE AUDITED FINANCIALS AND NOTES ARE AVAILABLE AT REQUEST. GOVERNING DOCUMENTS AND INTERNAL POLICIES ARE NOT MADE AVAILABLE TO THE PUBLIC AT THIS TIME.
List of other fees for services expenses Part IX line 11g	OTHER SERVICE FEES:PROGRAM SERVICE EXPENSES - $1,444,230 MANGEMENT AND GENERAL EXPENSES - $13,669 TOTAL OTHER FEES ON FORM 990, PART IX, LINE 11G, COL A - $1,457,899
Part XII Response or note to any line in Part XIII	THERE HAS BEEN NO CHANGE IN THE PROCESS FOR OVERSIGHT OF THE AUDIT OR SELECTION OF AN INDEPENDENT AUDITOR.
General explanation attachment	FORM 990, PART III. LINE 1, DESCRIPTION OF ORGANIZATION MISSION:NEW MEXICO STUDENT LOAN GUARANTEE CORPORATION IS A LOAN GUARANTEE ORGANIZATION PROVIDING QUALITY FINANCIAL SERVICES AND CULTIVATING STRONG, PROFESSIONAL RELATIONSHIPS TO ENCOURAGE AND ASSIST IN THE PURSUIT OF HIGHER EDUCATION, THUS ENHANCING THE QUALITY OF LIFE AND FUTURE SUCCESS OF OUR STAKEHOLDERS. FORM 990, PART VI. SECTION B, LINES 15A AND B FORM W-2, BOX 5 DOES NOT INCLUDE EMPLOYEE DEDUCTIONS WHICH WERE REMOVED PRE-TAX. THE AMOUNT REPORTED ON FORM 990, PART VII AND SCHEDULE J INCLUDE THESE EMPLOYEE DEDUCTIONS. FORM 990, PART. VII COMPENSATION OF OFFICERS, DIRECTORS, TRUSTEES, KEY EMPLOYEES, HIGHEST COMPENSATED EMPLOYEES, AND INDEPENDENT CONTRACTORSOFFICERS SPEND AN ESTIMATED AVERAGE OF 10 HOURS A WEEK DEVOTED TO NMSLGC FOR WHICH COMPENSATION WAS REPORTED IN PART VII, COLUMNS (E) AND (F). OFFICERS ARE COMPENSATED BY THE NEW MEXICO EDUCATIONAL ASSISTANCE FOUNDATION (NMEAF). NMSLGC HAS A SERVICE AGREEMENT WITH NMEAF, WHICH INCLUDES REIMBURSEMENT FOR THESE AMOUNTS AND OTHER COSTS.

Schedule R IRS990ScheduleR

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp

Disregarded Entity Name DisregardedEntityName

Field	Value	IRS element (for citing)
Business Name Line1	NM EDUCATIONAL ASSISTANCE FUND	BusinessNameLine1Txt

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	7400 TIBURON NE	AddressLine1Txt
City	ALBUQUERQUE	CityNm
State Abbreviation	NM	StateAbbreviationCd
ZIP	87109	ZIPCd

Field	Value	IRS element (for citing)
EIN	850291313	EIN
Primary Activities	FFELP STUDENT LOAN LENDER	PrimaryActivitiesTxt
Legal Domicile State	NM	LegalDomicileStateCd
Exempt Code Section	501C3	ExemptCodeSectionTxt
Public Charity Status	10	PublicCharityStatusTxt
Direct Controlling NA	N/A	DirectControllingNACd
Controlled Organization	Yes (true)	ControlledOrganizationInd

Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp

Related Organization Name RelatedOrganizationName

Field	Value	IRS element (for citing)
Business Name Line1	DATACOM INDUSTRIES INC	BusinessNameLine1Txt

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	7400 TIBURION NE	AddressLine1Txt
City	ALBUQUERQUE	CityNm
State Abbreviation	NM	StateAbbreviationCd
ZIP	87109	ZIPCd

Field	Value	IRS element (for citing)
Primary Activities	REAL ESTATE	PrimaryActivitiesTxt
Legal Domicile State	NM	LegalDomicileStateCd

Direct Controlling Entity Name DirectControllingEntityName

Field	Value	IRS element (for citing)
Business Name Line1	NMSLGC	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Entity Type	C Corp	EntityTypeTxt
Share Of Total Income	$114,695	ShareOfTotalIncomeAmt
Share Of EOY Assets	$2,496,557	ShareOfEOYAssetsAmt
Ownership	1.00000	OwnershipPct
Controlled Organization	Yes (true)	ControlledOrganizationInd

Field	Value	IRS element (for citing)
Receipt Of Int Annts Rnts Rylts	false	ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth Org	false	GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth Org	false	GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other Org	false	LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org	Yes (true)	LoansOrGuaranteesFromOthOrgInd
Div Related Organization	false	DivRelatedOrganizationInd
Asset Sale To Other Org	false	AssetSaleToOtherOrgInd
Asset Purchase From Other Org	false	AssetPurchaseFromOtherOrgInd
Asset Exchange	false	AssetExchangeInd
Rental Of Facilities To Oth Org	false	RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org	Yes (true)	RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth Org	false	PerformOfServicesForOthOrgInd
Perform Of Services By Other Org	Yes (true)	PerformOfServicesByOtherOrgInd
Sharing Of Facilities	false	SharingOfFacilitiesInd
Paid Employees Sharing	false	PaidEmployeesSharingInd
Reimbursement Paid To Other Org	Yes (true)	ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other Org	Yes (true)	ReimbursementPaidByOtherOrgInd
Transfer To Other Org	false	TransferToOtherOrgInd
Transfer From Other Org	false	TransferFromOtherOrgInd

Transactions Related Org TransactionsRelatedOrgGrp (5 entries)

Transaction TypeTransactionTypeTxt	InvolvedInvolvedAmt	Method Of Amount DeterminationMethodOfAmountDeterminationTxt
NMEAF
k	$202,429	LEASE AGREEMENT
NMEAF
m	$1,971,688	CONTRACT
NMEAF
p	$171,946	WORKFORCE TRANSFER
DATACOM INDUSTRIES INC
e	$760,000	LOC AT YEAR END
NMEAF
q	$88,398	WORKFORCE TRANSFER