NEW MEXICO STUDENT LOAN GUARANTEE CORPORATION: Form 990, tax year 2019
View the entire original 990 at ProPublica ↗
- Organization
- NEW MEXICO STUDENT LOAN GUARANTEE CORPORATION (EIN 85-0291314)
- Tax period
- 2019-10-01 to 2020-09-30
- Filed
- 2021-07-21
- IRS object ID
- 202142029349300604
- Schema version
- 2019v5.1
- 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 ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2021-07-21T09:34:31-04:00 | ReturnTs |
| Tax Period End | 2020-09-30 | 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 | 2019-10-01 | 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 | 2021-07-08 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | SCOTT ELIASON | PreparerPersonNm |
| PTIN | P02372673 | PTIN |
| Phone | 5053232035 | PhoneNum |
| Preparation | 2021-07-21 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2019 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990 IRS990
Doing Business As Name DoingBusinessAsName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NEW MEXICO STUDENT LOANS | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | BRAD ALLPASS | PrincipalOfficerNm |
| Gross Receipts | $4,428,008 | 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 | $112,000 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $14,094 | NetUnrelatedBusTxblIncmAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $4,608,116 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $4,356,263 | CYProgramServiceRevenueAmt |
| PY Investment Income | $77,899 | PYInvestmentIncomeAmt |
| CY Investment Income | $71,745 | CYInvestmentIncomeAmt |
| CY Other Revenue | $0 | CYOtherRevenueAmt |
| PY Total Revenue | $4,686,015 | PYTotalRevenueAmt |
| CY Total Revenue | $4,428,008 | CYTotalRevenueAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $888,832 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $1,075,750 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $2,645,849 | PYOtherExpensesAmt |
| CY Other Expenses | $2,828,888 | CYOtherExpensesAmt |
| PY Total Expenses | $3,534,681 | PYTotalExpensesAmt |
| CY Total Expenses | $3,904,638 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $1,151,334 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $523,370 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $15,686,375 | TotalAssetsBOYAmt |
| Total Assets EOY | $15,959,895 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $1,561,552 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $1,231,555 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $14,124,823 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $14,728,340 | 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 | $2,354,480 | ExpenseAmt |
| Revenue | $4,029,149 | 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 | $337,007 | 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 | $230,208 | RevenueAmt |
| Desc | THE GUARANTEE CORPORATION RECEIVES REGULATORY FEES FOR PARTICPATION IN THE FFELP PROGRAM | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $2,691,487 | 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 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part VII | Yes (X) | InfoInScheduleOPartVIIInd |
Form990 Part VII Section A Form990PartVIISectionAGrp (9 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Institutional TrusteeInstitutionalTrusteeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|---|
| DION KIDD-JOHNSON | |||||||||
| DIRECTORCHAIR | 2.00 | 0.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| PAULINE GARCIA | |||||||||
| SECRETARY | 2.00 | 0.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| VAL ALONZO | |||||||||
| DIRECTOR | 10.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| BRAD ALLPASS | |||||||||
| PRESIDENT AND CEO | 10.00 | 0.00 | Yes (X) | $0 | $178,734 | $25,374 | Yes (X) | ||
| GRACE TACKMAN | |||||||||
| ASST VP OF HUMAN RESOURCES | 10.00 | 0.00 | Yes (X) | $0 | $124,312 | $43,168 | |||
| ESTEVAN MARTINEZ | |||||||||
| ASST VP OF IT | 10.00 | 0.00 | Yes (X) | $0 | $116,729 | $22,013 | |||
| MICHAEL NEMELKA | |||||||||
| PRESIDENT | 10.00 | 0.00 | Yes (X) | $0 | $189,539 | $41,964 | |||
| TRACY ROWE | |||||||||
| ASSISTANT VP OF FINANCE | 10.00 | 0.00 | Yes (X) | $0 | $83,984 | $22,461 | |||
| REGINALD STORMENT | |||||||||
| LEGAL COUNSEL | 10.00 | 0.00 | $0 | $153,529 | $39,689 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $0 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $846,827 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $194,669 | 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 | $410,642 | CompensationAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 1 | CntrctRcvdGreaterThan100KCnt |
Program Service Revenue ProgramServiceRevenueGrp (4 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt |
|---|---|---|---|---|
| RETAINED COLLECTIONS | 522200 | $4,001,087 | $4,001,087 | |
| ACCOUNT MAINTENANCE | 522200 | $230,208 | $230,208 | |
| DEFAULT AVERSION SVCS | 522200 | $28,062 | $28,062 | |
| WORKFORCE REVENUE | 522200 | $96,906 | $96,906 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $4,356,263 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $71,745 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | $15,094 | UnrelatedBusinessRevenueAmt |
| Exclusion | $56,651 | ExclusionAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $4,428,008 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $4,259,357 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $112,000 | UnrelatedBusinessRevenueAmt |
| Exclusion | $56,651 | 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 | $288,838 | TotalAmt |
| Management And General | $288,838 | ManagementAndGeneralAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $569,668 | TotalAmt |
| Program Services | $249,917 | ProgramServicesAmt |
| Management And General | $319,751 | ManagementAndGeneralAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $41,588 | TotalAmt |
| Program Services | $20,124 | ProgramServicesAmt |
| Management And General | $21,464 | ManagementAndGeneralAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $135,684 | TotalAmt |
| Program Services | $43,596 | ProgramServicesAmt |
| Management And General | $92,088 | ManagementAndGeneralAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $39,972 | TotalAmt |
| Program Services | $18,518 | ProgramServicesAmt |
| Management And General | $21,454 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $45,108 | TotalAmt |
| Management And General | $45,108 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,172,908 | TotalAmt |
| Program Services | $2,134,576 | ProgramServicesAmt |
| Management And General | $38,332 | ManagementAndGeneralAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $131,460 | TotalAmt |
| Management And General | $131,460 | ManagementAndGeneralAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $60,776 | TotalAmt |
| Program Services | $52,273 | ProgramServicesAmt |
| Management And General | $8,503 | ManagementAndGeneralAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $175,711 | TotalAmt |
| Program Services | $131,783 | ProgramServicesAmt |
| Management And General | $43,928 | ManagementAndGeneralAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $49,047 | TotalAmt |
| Program Services | $35,314 | ProgramServicesAmt |
| Management And General | $13,733 | ManagementAndGeneralAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $26,051 | TotalAmt |
| Program Services | $5,386 | ProgramServicesAmt |
| Management And General | $20,665 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $19,165 | TotalAmt |
| Management And General | $19,165 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (3 entries)
| DescDesc | TotalTotalAmt | Management And GeneralManagementAndGeneralAmt |
|---|---|---|
| BUSINESS RECOVERY EXP | $5,460 | $5,460 |
| CAPITAL BUDGET EXP REIMB | $140,242 | $140,242 |
| UBI TAXES | $2,960 | $2,960 |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,904,638 | TotalAmt |
| Program Services | $2,691,487 | ProgramServicesAmt |
| Management And General | $1,213,151 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,809,082 | BOYAmt |
| EOY | $9,493,581 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $796,371 | BOYAmt |
| EOY | $308,217 | 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 | $19,207 | BOYAmt |
| EOY | $16,235 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,301,715 | BOYAmt |
| EOY | $5,381,862 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $15,686,375 | BOYAmt |
| EOY | $15,959,895 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,561,552 | BOYAmt |
| EOY | $1,231,555 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,561,552 | BOYAmt |
| EOY | $1,231,555 | 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 | $10,062,395 | BOYAmt |
| EOY | $10,468,560 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,062,428 | BOYAmt |
| EOY | $4,259,780 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $14,124,823 | BOYAmt |
| EOY | $14,728,340 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $15,686,375 | BOYAmt |
| EOY | $15,959,895 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $523,370 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $80,147 | 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 | $3,738,151 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $2,579,259 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $2,123,113 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $4,608,116 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $4,259,357 | CurrentTaxYearAmt |
| Total | $17,307,996 | TotalAmt |
Total509 Total509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $3,738,151 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $2,579,259 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $2,123,113 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $4,608,116 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $4,259,357 | CurrentTaxYearAmt |
| Total | $17,307,996 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total509 | $17,307,996 | PublicSupportTotal509Amt |
Gross Investment Income509 GrossInvestmentIncome509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $33,622 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $41,574 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $51,124 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $58,190 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $56,651 | CurrentTaxYearAmt |
| Total | $241,161 | TotalAmt |
Post1975 UBTI Post1975UBTIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus1 Year | $15,780 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $15,094 | CurrentTaxYearAmt |
| Total | $30,874 | TotalAmt |
Investment Income And UBTI InvestmentIncomeAndUBTIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $33,622 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $41,574 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $51,124 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $73,970 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $71,745 | CurrentTaxYearAmt |
| Total | $272,035 | TotalAmt |
Net Income From Other UBI NetIncomeFromOtherUBIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year | $96,906 | CurrentTaxYearAmt |
| Total | $96,906 | TotalAmt |
Total Support Calendar Year TotalSupportCalendarYearGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $3,771,773 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $2,620,833 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $2,174,237 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $4,682,086 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $4,428,008 | CurrentTaxYearAmt |
| Total | $17,676,937 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support CY509 | 0.97910 | PublicSupportCY509Pct |
| Public Support PY509 | 0.98620 | PublicSupportPY509Pct |
| Investment Income CY | 0.02000 | InvestmentIncomeCYPct |
| Investment Income PY | 0.01000 | 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 | $1,249 | DirectContactLegislatorsAmt |
| Rallies Demonstrations | false | RalliesDemonstrationsInd |
| Other Activities | false | OtherActivitiesInd |
| Total Lobbying Expenditures | $1,249 | 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 COMMUNIITY 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 | $2,381,862 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $5,381,862 | TotalBookValueSecuritiesAmt |
| Total Rev Etc Audited Fincl Stmt | $4,508,155 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $80,147 | NetUnrealizedGainsInvstAmt |
| Revenue Not Reported | $80,147 | RevenueNotReportedAmt |
| Revenue Subtotal | $4,428,008 | RevenueSubtotalAmt |
| Total Revenue Per Form990 | $4,428,008 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $3,909,536 | TotExpnsEtcAuditedFinclStmtAmt |
| Other Expenses Included | $4,898 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $4,898 | ExpensesNotReportedAmt |
| Expenses Subtotal | $3,904,638 | ExpensesSubtotalAmt |
| Total Expenses Per Form990 | $3,904,638 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Other expenses not included on Form 990 (Part XII, line 2d) | FormAndLineReferenceDesc |
| Explanation | PRIOR YEAR UNRELATED BUSINESS INCOME TAXES $3,929OVERPAYMENT OF 2019 UBI TAXES CREDITED TO 2020 EXTIMATED TAX $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 (4 entries)
| TitleTitleTxt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt |
|---|---|---|---|
| BRAD ALLPASS | |||
| PRESIDENT AND CEO | $178,734 | $25,374 | $204,108 |
| GRACE TACKMAN | |||
| ASST VP OF HUMAN RESOURCES | $124,312 | $43,168 | $167,480 |
| REGINALD STORMENT | |||
| LEGAL COUNSEL | $153,529 | $39,689 | $193,218 |
| MICHAEL NEMELKA | |||
| PRESIDENT | $189,539 | $41,964 | $231,503 |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (9 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 | SERVICE FEES:PROGRAM SERVICE EXPENSES - $2,134,576 MANGEMENT AND GENERAL EXPENSES - $38,332 TOTAL OTHER FEES ON FORM 990, PART IX, LINE 11G, COL A - $2,172,908 |
| Part VII response or note to any other line in Part VII | ADDITIONAL CLARIFICATION ON PART VII, SECTION A: MICHAEL NEMELKA WAS PRESIDENT OF NMEAF THROUGH JANUARY 31, 2020 AT WHICH TIME HE WAS REPLACED BY BRAD ALLPASS, THE FORMER VICE PRESIDENT OF FINANCE. |
| 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 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 | $80,147 | ShareOfTotalIncomeAmt |
| Share Of EOY Assets | $2,381,862 | 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 | false | 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 | false | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | false | TransferToOtherOrgInd |
| Transfer From Other Org | false | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp (3 entries)
| Transaction TypeTransactionTypeTxt | InvolvedInvolvedAmt | Method Of Amount DeterminationMethodOfAmountDeterminationTxt |
|---|---|---|
| NMEAF | ||
| k | $189,290 | LEASE AGREEMENT |
| NMEAF | ||
| m | $2,634,003 | CONTRACT |
| NMEAF | ||
| p | $154,748 | EXPENSE REIMBURSEMENT |
Comments