2021-03-01T13:01:41-06:00 2020-09-30 KPMG LLP 1248 O Street Suite 1120 Lincoln NE 68508 990 2019-10-01 363514573 Nebraska Student Loan Program INC % JILL M HICKS NEBR 4024796623 PO Box 82507 Lincoln NE 685012507 JILL M HICKS CFO 4024796623 2021-03-01 true DONALD NEAL JR P00798244 4024761216 2021-02-25 2019 2022-09-23 18:48:47Z Randall Heesacker PO Box 82507 Lincoln NE 685012507 35351858 false 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. 6 5 6 0 0 0 0 0 31312211 21410457 5070303 4023643 0 0 36382514 25434100 0 0 0 0 2052654 2139163 0 0 0 32044594 26566334 34097248 28705497 2285266 -3271397 239595762 231049264 28607921 25464671 210987841 205584593 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. false false 28705497 0 21410457 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. 28705497 true false false false false false false false false false false false false true true true true false false false false false false false false false false false false true false false false false false false false false false false false false false true false false false true 14 0 true 6 true false false false false false false false false false false false false X 6 5 false false false false true true false true true false false true true true true true true true true false X JILL M HICKS 4024796623 PO BOX 82507 Lincoln NE 68501 X Randall S Heesacker President & CEO 40.0 0.0 X X 448435 0 52821 David A Macoubrie Executive VP & COO 40.0 0.0 X 261814 0 51403 Michael J Lubben Senior VP Business Development 40.0 0.0 X 259816 0 43910 Jill M Hicks CFO 40.0 0.0 X 253703 0 37042 Susan K Downing SENIOR VP Marketing 40.0 0.0 X 207974 0 43407 William L Kohl SENIOR VP Portfolio Management 40.0 0.0 X 197693 0 41510 Richard Vierk Chairman 0.49 0.0 X 37550 0 0 GUY SAUNDERS DIRECTOR 0.41 0.0 X 14000 0 0 Lynn Callahan Director 0.46 0.0 X 13000 0 0 ANTHONY GOINS DIRECTOR 0.37 0.0 X 12000 0 0 JOSEPH KNECHT DIRECTOR 0.35 0.0 X 0 0 0 1705985 0 270093 6 false true false Nelnet Guarantee Services 121 South 13th Street LINCOLN NE 68508 Loan Servicing 4155874 GC Services PO Box 32500 COLUMBUS OH 43232 Collection Services 2865513 Account Control Technology PO Box 8012 CANOGA PARK CA 91309 Collection Services 1782355 Automated Collection Services Inc 2802 Opryland Drive NASHVILLE TN 37214 COLLECTION SERVICES 1540167 Windham Professionals Inc 380 Main Street SALEM NH 03079 Collection Services 1149715 10 0 RECOVERY REVENUE 900099 15577352 15577352 ACCOUNT MAINENANCE FEE 900099 1789728 1789728 OTHER INCOME 900099 4043377 4043377 21410457 3906488 3906488 0 0 0 0 0 10034913 9917758 117155 117155 117155 0 0 0 0 0 0 0 0 0 0 25434100 21410457 0 4023643 0 0 0 0 2064135 2064135 0 0 0 0 75028 75028 0 207623 207623 109180 109180 0 0 247984 247984 314956 314956 80425 80425 274941 274941 3939564 3939564 0 445296 445296 76260 76260 0 23736 23736 0 1532499 1532499 1250329 1250329 42469 42469 POST DEFAULT FEE COLLECTED 5601065 5601065 LEASED EMPLOYEES FROM FES 6564455 6564455 SERVICING FEES 4126128 4126128 REHABILITATION DISCOUNT 1111060 1111060 618364 618364 28705497 28705497 0 0 0 0 127041903 115471239 0 0 2238731 1342674 0 0 0 0 0 0 0 0 0 0 0 0 82673636 89656347 0 0 0 0 0 0 27641492 24579004 239595762 231049264 2497006 2731764 0 0 84549 55475 0 0 0 0 0 0 0 0 0 0 26026366 22677432 28607921 25464671 X 210987841 205584593 0 0 210987841 205584593 239595762 231049264 -3271397 -2131851 X false true X true true true X 54146233 53984154 39664060 27110086 18042731 192947264 3256005 3309628 3943917 4202125 3367726 18079401 0 0 0 57402238 57293782 43607977 31312211 21410457 211026665 0 0 0 211026665 1719434 3831690 4351695 5070303 3906488 18879610 0 1719434 3831690 4351695 5070303 3906488 18879610 0 0 59121672 61125472 47959672 36382514 25316945 229906275 0.91788 0.94489 0.08212 0.05511 X NET ASSETS - FEDERAL FUND 21041934 ACCRUED INTERST RECEIVABLE 51193 PURCHASED LOANS 87076 OTHER ASSETS 3398801 24579004 0 PAYABLE TO THE US DEPT OF EDU. 21041934 DEFAULT AVERSION FEE REFUND ALLOW. 1635498 22677432 X 22061896 -2131851 -2131851 24193747 247984 992369 1240353 25434100 27465144 27465144 247984 992369 1240353 28705497 FIN 48 FOOTNOTE SCHEDULE D, PART X, Line 2 Nebraska Student Loan Program, Inc. (NSLP) applies the provisions of ASC subtopic 740-10, income taxes - overall. This standard provides specific guidance on how to address uncertainty in accounting for income tax assets and liabilities, prescribing recognition thresholds and measurements attributes. At September 30, 2020 and 2019, there were no uncertain tax positions. Accordingly, no provision for income taxes has been included in the accompanying financial statements. Schedule D, Part XI, Line 4b Default Aversion Fee $316,718 Provision for Default Aversion Fee $675,651 __________ Total $992,369 Schedule D, Part XII, Line 4b Default Aversion Fee $316,718 Provision for Default Aversion Fee $675,651 __________ Total $992,369 X X X X X X false false false true false false false false false Randall S Heesacker President & CEO 357620 0 89423 0 1392 0 36304 0 16517 0 501256 0 0 0 Jill M Hicks CFO 197643 0 54018 0 2042 0 29314 0 7728 0 290745 0 0 0 David A Macoubrie Executive VP & COO 204173 0 56079 0 1562 0 29874 0 21529 0 313217 0 0 0 William L Kohl SENIOR VP Portfolio Management 151976 0 42069 0 3648 0 26693 0 14817 0 239203 0 0 0 Susan K Downing SENIOR VP Marketing 161782 0 45280 0 912 0 22236 0 21170 0 251380 0 0 0 Michael J Lubben Senior VP Business Development 190608 0 67264 0 1944 0 23246 0 20664 0 303726 0 0 0 Schedule J, Part I, Line 5A A portion of the compensation for current officers is determined by a performance based plan which is approved by the Board of Directors. The plan includes organizational and individual performance goals, one component of which is based in part on earnings of the organization. FORM 990, PART VI, LINE 6 & 7A MEMBERS 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, LINE 11B REVIEW OF THE FORM 990 THE 990 IS PREPARED BY KPMG, 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, LINE 12C CONFLICT OF INTEREST POLICY 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, LINE 15A PROCESS FOR DETERMINING COMPENSATION 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, 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. Foundation for Educational Services Inc PO Box 82552 Lincoln NE 68501 470703499 Support Org NE 501(C)(3) 12, Type II NA false Educationquest 1300 O street Lincoln NE 68508 311777710 EDU support NE 501(C)(3) 12, Type II FES false false false false false false false false false false false true false false true false true false false false