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NORTHSTAR EDUCATION FINANCE INC: Form 990, tax year 2019

View the entire original 990 at ProPublica ↗

Organization
NORTHSTAR EDUCATION FINANCE INC (EIN 41-1961427)
Tax period
2019-10-01 to 2020-09-30
Filed
2021-02-23
IRS object ID
202130549349300928
Schema version
2019v5.2
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

FieldValueIRS element (for citing)
Return2021-02-23T13:06:29-06:00ReturnTs
Tax Period End2020-09-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN390859910PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1BAKER TILLY US LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1225 S 6TH ST 2300AddressLine1Txt
CityMINNEAPOLISCityNm
State AbbreviationMNStateAbbreviationCd
ZIP55402ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2019-10-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN411961427EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1NORTHSTAR EDUCATION FINANCE INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlNORTBusinessNameControlTxt
Phone8665626672PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1930 BLUE GENTIAN ROAD NO 100AddressLine1Txt
CityEAGANCityNm
State AbbreviationMNStateAbbreviationCd
ZIP55121ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonCHARLES M OSBORNEPersonNm
Person TitleCHIEF FINANCIAL OFFICERPersonTitleTxt
Phone8665626672PhoneNum
Signature2021-02-23SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonLAWRENCE H MOHR CPAPreparerPersonNm
PTINP00447603PTIN
Phone6128764500PhoneNum
Preparation2021-02-16PreparationDt
FieldValueIRS element (for citing)
Tax2019TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerTAIGE P THORNTONPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1930 BLUE GENTIAN ROAD NO 100AddressLine1Txt
CityEAGANCityNm
State AbbreviationMNStateAbbreviationCd
ZIP55121ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$62,829,137GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.NORTHSTAR.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2000FormationYr
Legal Domicile StateDELegalDomicileStateCd
Activity Or MissionTO FOSTER, AID, ENCOURAGE AND ASSIST THE PURSUIT OF HIGHER EDUCATION.ActivityOrMissionDesc
Voting Members Governing Body10VotingMembersGoverningBodyCnt
Voting Members Independent7VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Volunteers0TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$0PYContributionsGrantsAmt
CY Contributions Grants$0CYContributionsGrantsAmt
PY Program Service Revenue$90,443,751PYProgramServiceRevenueAmt
CY Program Service Revenue$61,828,549CYProgramServiceRevenueAmt
PY Investment Income$1,793,896PYInvestmentIncomeAmt
CY Investment Income$1,000,588CYInvestmentIncomeAmt
PY Other Revenue$0PYOtherRevenueAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$92,237,647PYTotalRevenueAmt
CY Total Revenue$62,829,137CYTotalRevenueAmt
PY Grants And Similar Paid$3,160,933PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$3,794,767CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$290,439PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$332,873CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$93,430,782PYOtherExpensesAmt
CY Other Expenses$57,492,072CYOtherExpensesAmt
PY Total Expenses$96,882,154PYTotalExpensesAmt
CY Total Expenses$61,619,712CYTotalExpensesAmt
PY Revenues Less Expenses-$4,644,507PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$1,209,425CYRevenuesLessExpensesAmt
Total Assets BOY$2,126,920,671TotalAssetsBOYAmt
Total Assets EOY$1,832,708,530TotalAssetsEOYAmt
Total Liabilities BOY$1,958,294,590TotalLiabilitiesBOYAmt
Total Liabilities EOY$1,662,873,024TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$168,626,081NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$169,835,506NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionTO FOSTER, AID, ENCOURAGE AND ASSIST THE PURSUIT OF HIGHER EDUCATION. IN SUPPORTING THIS MISSION, NEF'S PRIMARY CHARITABLE GOALS ARE TO (A) CONTINUE SERVICING ITS OUTSTANDING PORTFOLIO OF STUDENT LOANS; (B) CONTINUE TO PROVIDE EDUCATION AND ASSISTANCE TO STUDENT BORROWERS TO ENABLE THEM TO SUCCESSFULLY REPAY THEIR LOANS; (C) MANAGE ITS FINANCINGS AS NECESSARY TO MAXIMIZE THE T.H.E. BONUS CREDITED TO ELIGIBLE STUDENT BORROWER ACCOUNTS; AND (D) MAKE GRANTS TO OTHER ORGANIZATIONS IN FURTHERANCE OF ITS EDUCATIONAL MISSION.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$54,100,700ExpenseAmt
Revenue$61,828,549RevenueAmt
DescMANAGE PORTFOLIO OF OUTSTANDING FFELP (APPROX. 93%) AND PRIVATE (APPROX. 7%) STUDENT LOANS WITH OUTSTANDING BALANCES TOTALING APPROX. $1.7 BILLION AS OF 9/30/2020. TO THE BEST OF THE KNOWLEDGE AND BELIEF OF THE ORGANIZATION'S OFFICERS, THE BENEFITS AND INTEREST RATES THAT IT HAS PROVIDED TO STUDENT BORROWERS ARE SUBSTANTIALLY MORE FAVORABLE TO STUDENT BORROWERS THAN THE BENEFITS AND INTEREST RATES PROVIDED BY FOR-PROFIT LENDERS. DURING FISCAL YEARS 2020 AND 2019, RESPECTIVELY, THE ORGANIZATION MADE T.H.E. REPAYMENT BONUS DISTRIBUTIONS (INTEREST REBATES WHICH ARE PROCESSED AS CREDITS TO ELIGIBLE BORROWER ACCOUNTS) OF APPROXIMATELY $10.0 MILLION AND $15.8 MILLION, RESPECTIVELY.Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
Expense$3,794,767ExpenseAmt
Grant$3,794,767GrantAmt
DescPROVIDE GRANTS TO OTHER ORGANIZATIONS TO ENHANCE POST-SECONDARY EDUCATION OPPORTUNITIES FOR MINNESOTA STUDENTS BY RELIEVING SOME OF THEIR FINANCIAL BURDEN THROUGH SCHOLARSHIPS AND/OR ASSISTANCE WITH THEIR POST-SECONDARY READINESS PREPARATION.Desc
FieldValueIRS element (for citing)
Total Program Service Expenses$57,895,467TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B Required0ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi Endowments0DonorRstrOrQuasiEndowmentsInd
Report Land Building Equipment0ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related InvstYes (1)ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 Footnote0IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt0IndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtYes (1)ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To OrganizationsYes (1)GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J Required0ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded EntityYes (1)DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document44IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee0EmployeeCnt
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members10GoverningBodyVotingMembersCnt
Independent Voting Member7IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesYes (1)DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn Body0Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process OtherYes (1)CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldMNStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1KATE SEIFERTBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone6122397131PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1930 BLUE GENTIAN ROAD SUITE 100AddressLine1Txt
CityEAGANCityNm
State AbbreviationMNStateAbbreviationCd
ZIP55121ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (12 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorInd
CHARLES OSBORNE
CHIEF FINANCIAL OFFICER15.00Yes (X)$95,512$0$0
TAIGE THORNTON
PRESIDENT15.00Yes (X)$50,000$0$0Yes (X)
CLYDE NELSON
TREASURER1.00Yes (X)$29,000$0$0Yes (X)
ANITA PAMPUSCH
BOARD CHAIR1.00Yes (X)$27,500$0$0Yes (X)
TIM PENNY
BOARD MEMBER1.00$19,000$0$0Yes (X)
ELIZABETH ANNE CARRIER DORAN
BOARD MEMBER1.00$18,000$0$0Yes (X)
RICHARD HARRIS
BOARD MEMBER1.00$17,000$0$0Yes (X)
DAVID REILING
BOARD MEMBER1.00$15,000$0$0Yes (X)
MARY ROTHCHILD
DIRECTOR1.00$13,000$0$0Yes (X)
JOHN EMERICK
DIRECTOR1.00$7,000$0$0Yes (X)
RICHARD NIGON
BOARD MEMBER1.00$5,000$0$0Yes (X)
SARAH DUNIWAY
SECRETARY3.00Yes (X)$0$0$0
FieldValueIRS element (for citing)
Total Reportable Comp From Org$296,012TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$0TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K0TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
NELNET INC
121 SOUTH 13TH ST WF SUITE 400LINCOLNNE68508MANAGEMENT & ADMINISTRATIVE SERVICES$2,449,300
NELNET SERVICING LLC
121 SOUTH 13TH ST WF SUITE 400LINCOLNNE68508STUDENT LOAN SERVICING$1,217,491
TRANSWORLD SYSTEMS INC
150 N FIELD DRIVE STE 200LAKE FORESTIL60045PRIVATE LOAN COLLECTION SERVICES$694,849
RBC CAPITAL MARKETS LLC
200 VERSEY STREET 8TH FLOORNEW YORKNY10281BROKER/DEALER FEES$283,087
US BANK TRUST
425 WALNUT STCINCINATTIOH45202INDENTURE TRUSTEE FEES$147,596
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K5CntrctRcvdGreaterThan100KCnt

Program Service Revenue ProgramServiceRevenueGrp (2 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
STUDENT LOAN INTEREST INCOME525990$61,741,044$61,741,044
SUB-SERVICING FEES525990$87,505$87,505
FieldValueIRS element (for citing)
Total Program Service Revenue$61,828,549TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$1,000,588TotalRevenueColumnAmt
Exclusion$1,000,588ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$62,829,137TotalRevenueColumnAmt
Related Or Exempt Func Income$61,828,549RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$1,000,588ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$3,794,767TotalAmt
Program Services$3,794,767ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$332,873TotalAmt
Management And General$332,873ManagementAndGeneralAmt

Fees For Services Management FeesForServicesManagementGrp

FieldValueIRS element (for citing)
Total$3,810,254TotalAmt
Program Services$1,106,821ProgramServicesAmt
Management And General$2,703,433ManagementAndGeneralAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$442,216TotalAmt
Program Services$81,101ProgramServicesAmt
Management And General$361,115ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$70,617TotalAmt
Management And General$70,617ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$683,792TotalAmt
Program Services$505,255ProgramServicesAmt
Management And General$178,537ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$1,125TotalAmt
Management And General$1,125ManagementAndGeneralAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$4,744TotalAmt
Management And General$4,744ManagementAndGeneralAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$35,969,060TotalAmt
Program Services$35,969,060ProgramServicesAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$1,473,804TotalAmt
Program Services$1,473,804ProgramServicesAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$103,373TotalAmt
Management And General$103,373ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmt
LOAN CONSOLIDATION FEES$14,805,588$14,805,588
DEBT FINANCING FEES$557,643$557,643
OTHER MISCELLANEOUS EXP-$31,572-$31,572
STUDENT LOAN DEFAULT AN-$398,572-$398,572

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$61,619,712TotalAmt
Program Services$57,895,467ProgramServicesAmt
Management And General$3,724,245ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$5,717,055BOYAmt
EOY$7,855,718EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$167,834,908BOYAmt
EOY$119,241,744EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$2,596,145BOYAmt
EOY$2,213,976EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$55,333BOYAmt
EOY$55,642EOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

FieldValueIRS element (for citing)
BOY$1,946,573,690BOYAmt
EOY$1,703,341,450EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$4,143,540BOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$2,126,920,671BOYAmt
EOY$1,832,708,530EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$7,668,958BOYAmt
EOY$3,388,573EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

FieldValueIRS element (for citing)
BOY$1,944,002,045BOYAmt
EOY$1,656,113,995EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$6,623,587BOYAmt
EOY$3,370,456EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$1,958,294,590BOYAmt
EOY$1,662,873,024EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$168,626,081BOYAmt
EOY$169,835,506EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$168,626,081BOYAmt
EOY$169,835,506EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$2,126,920,671BOYAmt
EOY$1,832,708,530EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$1,209,425ReconcilationRevenueExpnssAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Consolidated Basis Fincl StmtYes (X)ConsolidatedBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Publicly Supported Org509a2Yes (X)PubliclySupportedOrg509a2Ind

Gross Receipts Admissions GrossReceiptsAdmissionsGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$34,269,565CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$81,342,289CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$81,354,929CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$90,443,751CurrentTaxYearMinus1YearAmt
Current Tax Year$61,828,549CurrentTaxYearAmt
Total$349,239,083TotalAmt

Total509 Total509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$34,269,565CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$81,342,289CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$81,354,929CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$90,443,751CurrentTaxYearMinus1YearAmt
Current Tax Year$61,828,549CurrentTaxYearAmt
Total$349,239,083TotalAmt

Amounts Rcvd Dsqlfy Person AmountsRcvdDsqlfyPersonGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Substantial Contributors Amt SubstantialContributorsAmtGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Subst And Dsqlfy Prsns Tot SubstAndDsqlfyPrsnsTotGrp

FieldValueIRS element (for citing)
Total$0TotalAmt
FieldValueIRS element (for citing)
Public Support Total509$349,239,083PublicSupportTotal509Amt

Gross Investment Income509 GrossInvestmentIncome509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$227,584CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$704,157CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$1,479,866CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$1,793,896CurrentTaxYearMinus1YearAmt
Current Tax Year$1,000,588CurrentTaxYearAmt
Total$5,206,091TotalAmt

Investment Income And UBTI InvestmentIncomeAndUBTIGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$227,584CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$704,157CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$1,479,866CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$1,793,896CurrentTaxYearMinus1YearAmt
Current Tax Year$1,000,588CurrentTaxYearAmt
Total$5,206,091TotalAmt

Total Support Calendar Year TotalSupportCalendarYearGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$34,497,149CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$82,046,446CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$82,834,795CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$92,237,647CurrentTaxYearMinus1YearAmt
Current Tax Year$62,829,137CurrentTaxYearAmt
Total$354,445,174TotalAmt
FieldValueIRS element (for citing)
Public Support CY5090.98530PublicSupportCY509Pct
Public Support PY5090.98830PublicSupportPY509Pct
Investment Income CY0.01470InvestmentIncomeCYPct
Investment Income PY0.01170InvestmentIncomePYPct
Thirty Thr Pct Suprt Tests CY509Yes (X)ThirtyThrPctSuprtTestsCY509Ind

Schedule D IRS990ScheduleD

FieldValueIRS element (for citing)
Total Book Value Land Buildings$0TotalBookValueLandBuildingsAmt

Invst Program Related Org InvstProgramRelatedOrgGrp

FieldValueIRS element (for citing)
DescSTUDENT LOANSDesc
Book Value$1,703,341,450BookValueAmt
Method ValuationCMethodValuationCd
FieldValueIRS element (for citing)
Total Book Value Program Rltd$1,703,341,450TotalBookValueProgramRltdAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)

DescDescAmtAmt
ACCRUED BORROWER INCENTIVE PAYMENTS$1,056,599
GOVERNMENT PAYABLE$2,313,857
FieldValueIRS element (for citing)
Total Liability$3,370,456TotalLiabilityAmt

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (1)GrantRecordsMaintainedInd

Recipient Table RecipientTable (5 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdRecipient EINRecipientEINIRC SectionIRCSectionDescCash GrantCashGrantAmtPurpose Of GrantPurposeOfGrantTxt
WALLIN EDUCATION PARTNERS
5200 WILSON ROAD SUITE 209MINNEAPOLISMN55424208505156501(C)(3)$2,397,500TO PROVIDE SCHOLARSHIPS TO STUDENTS AND SUPPORT WALLIN'S EXISTING SCHOLAR SUPPORT SERVICES THAT BENEFITS ALL SCHOLARS.
COLLEGE POSSIBLE
540 FAIRVIEW AVENUE NORTH SUITE 20SAINT PAULMN55104411968798501(C)(3)$876,667TO PROVIDE AFTER-SCHOOL PROGRAMMING FOR HIGH-SCHOOL STUDENTS TO BETTER PREPARE THEM FOR ADMISSION TO COLLEGE. ADDITIONALLY, PROVIDE COACHES TO COLLEGE STUDENTS USING A STRUCTURED CURRICULUM FOCUSED ON THE ACADEMIC, FINANCIAL AND CULTURAL BARRIERS THAT HAVE BEEN IDENTIFIED AS BARRIERS TO COLLEGE SUCCESS FOR LOW-INCOME STUDENTS, WITH THE GOAL OF HELPING THEM SUCCEED AND GRADUATE FROM COLLEGE.
CRISTO REY JESUIT HIGH SCHOOL
2924 4TH AVENUE SOUTHMINNEAPOLISMN55408204548714501(C)(3)$200,000TO SUPPORT THE ORGANIZATION'S COLLEGE SUCCESS PROGRAM, WHICH COMBINES COLLEGE COUNSELING WITH POST-GRADUATION SUPPORT, SERVING AS A KEY RESOURCE FOR STUDENTS TO UNDERSTAND OPPORTUNITIES AVAILABLE TO THEM AFTER GRADUATION FROM HIGH SCHOOL.
PAGE EDUCATION FOUNDATION
PO BOX 581254MINNEAPOLISMN55458363605013501(C)(3)$220,600TO SUPPORT THE ORGANIZATION'S SCHOLARSHIP PROGRAM, WHICH PROVIDES SCHOLARSHIPS TARGETED AT STUDENTS FROM UNDERSERVED COMMUNITIES, COMBINING MENTORING AND COMMUNITY SERVICE WITH ITS SCHOLARSHIP PROGRAM TO SUPPORT AND ENCOURAGE ITS STUDENTS.
ST CATHERINE UNIVERSITY
2004 RANDOLPH AVESAINT PAULMN55105410695509501(C)(3)$100,000TO SUPPORT THE ACCESS AND SUCCESS EMERGENCY GRANT PROGRAM, COVERING EMERGENCY NEEDS OF DISADVANTAGED STUDENTS IN THE COLLEGE FOR WOMEN.
FieldValueIRS element (for citing)
Total501c3 Org5Total501c3OrgCnt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, LINE 2:FormAndLineReferenceDesc
ExplanationTHE COMPANY'S BOARD OF DIRECTORS DESIGNATED GRANTS PROGRAM COMMITTEE REQUIRES PERIODIC REPORTS AND DATA FROM GRANTEES AND ADDITIONALLY CONDUCTS ON-SITE VISITS.ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (5 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 3PURSUANT TO THE AMENDED AND RESTATED SUB-MASTER SERVICING AND ADMINISTRATIVE AGREEMENT ("SUB-MSA") DATED DECEMBER 7, 2018 BETWEEN NORTHSTAR EDUCATION FINANCE, INC. ("NEF") AND NELNET SERVICING, LLC ("NELNET"), NELNET IS RESPONSIBLE FOR PERFORMING CERTAIN MANAGEMENT AND ADMINISTRATIVE FUNCTIONS ON BEHALF OF NEF.
FORM 990, PART VI, SECTION B, LINE 11BTHE ORGANIZATION'S FORM 990 IS REVIEWED BY ITS OFFICERS AND OUTSIDE LEGAL COUNSEL PRIOR TO FILING, AND THE DOCUMENT IS DISTRIBUTED TO THE FULL BOARD OF DIRECTORS SUBSEQUENT TO FILING.
FORM 990, PART VI, SECTION B, LINE 12CTHE POLICY IS MONITORED AND DISCUSSED ANNUALLY AT ONE OF THE QUARTERLY BOARD MEETINGS.
FORM 990, PART VI, SECTION B, LINE 15IN 2018, COMPENSATION FOR THE ORGANIZATION'S PRESIDENT AND ALL OTHER OFFICERS WAS APPROVED BY THE BOARD'S INDEPENDENT COMPENSATION COMMITTEE AND WAS BASED ON COMPARABLE MARKET COMPENSATION DATA.
FORM 990, PART VI, SECTION C, LINE 19AUDITED FINANCIAL STATEMENTS ARE AVAILABLE ON THE ORGANIZATION'S WEBSITE AT WWW.NORTHSTAR.ORG. THE ORGANIZATION DOES NOT MAKE ITS GOVERNING DOCUMENTS OR CONFLICT OF INTEREST POLICY AVAILABLE UNLESS REQUIRED BY LAW.

Schedule R IRS990ScheduleR

Id Disregarded Entities IdDisregardedEntitiesGrp

Disregarded Entity Name DisregardedEntityName

FieldValueIRS element (for citing)
Business Name Line1NORTHSTAR EDUCATION FUNDING I LLCBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line1930 BLUE GENTIAN ROAD SUITE 100AddressLine1Txt
CityEAGANCityNm
State AbbreviationMNStateAbbreviationCd
ZIP55121ZIPCd
FieldValueIRS element (for citing)
Primary ActivitiesFINANCING HIGHER EDUCATIONPrimaryActivitiesTxt
Legal Domicile StateDELegalDomicileStateCd
Total Income$0TotalIncomeAmt
End Of Year Assets$0EndOfYearAssetsAmt

Direct Controlling Entity Name DirectControllingEntityName

FieldValueIRS element (for citing)
Business Name Line1NORTHSTAR EDUCATION FINANCE INCBusinessNameLine1Txt

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