2021-07-21T09:34:31-04:00 2020-09-30 463916466 Jaramillo Accounting Group LLC 4700 Lincoln Road NE Albuquerque NM 87109 990 2019-10-01 850291314 NEW MEXICO STUDENT LOAN GUARANTEE CORPORATION NEWM PO BOX 92230 ALBUQUERQUE NM 871992230 TRACY ROWE ASSISTANT VP OF 5057612040 2021-07-08 true SCOTT ELIASON P02372673 5053232035 2021-07-21 2019 2022-09-23 18:48:47Z NEW MEXICO STUDENT LOANS BRAD ALLPASS 4428008 false X WWW.NMSLGC.ORG X 1981 NM 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. 4 4 6 112000 14094 0 4608116 4356263 77899 71745 0 4686015 4428008 0 0 888832 1075750 0 0 2645849 2828888 3534681 3904638 1151334 523370 15686375 15959895 1561552 1231555 14124823 14728340 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. false false 2354480 4029149 STUDENT LOAN PROGRAMS: UNDER THE FEDERAL FAMILY EDUCATIONAL LOAN PROGRAM (FFELP) THE GUARANTEE CORPORATION IS REQUIRED TO COLLECT ON DEFAULTED LOANS. 337007 STUDENT LOAN PROGRAMS: UNDER THE FEDERAL FAMILY EDUCATIONAL LOAN PROGRAM (FFELP) GUARANTOR PAYS LENDER CLAIMS ON DEFAULTED LOANS 230208 THE GUARANTEE CORPORATION RECEIVES REGULATORY FEES FOR PARTICPATION IN THE FFELP PROGRAM 2691487 true false false true false false false false false false false true false false false false 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 true true false false true 0 0 6 true true true false false false false false false false false false false false X 4 4 false false false false false false false true true false false true true true true true true true true false NM X X THE ORGANIZATION 5057612063 PO BOX 92230 ALBUQUERQUE NM 871992230 X DION KIDD-JOHNSON DIRECTORCHAIR 2.00 0.00 X X 0 0 0 PAULINE GARCIA SECRETARY 2.00 0.00 X X 0 0 0 VAL ALONZO DIRECTOR 10.00 0.00 X 0 0 0 BRAD ALLPASS PRESIDENT AND CEO 10.00 0.00 X X 0 178734 25374 GRACE TACKMAN ASST VP OF HUMAN RESOURCES 10.00 0.00 X 0 124312 43168 ESTEVAN MARTINEZ ASST VP OF IT 10.00 0.00 X 0 116729 22013 MICHAEL NEMELKA PRESIDENT 10.00 0.00 X 0 189539 41964 TRACY ROWE ASSISTANT VP OF FINANCE 10.00 0.00 X 0 83984 22461 REGINALD STORMENT LEGAL COUNSEL 10.00 0.00 X 0 153529 39689 0 846827 194669 0 false true false AESPHEAA PO BOX 64849 Baltimore MD 21264 PROG SYS & MAINT 410642 1 RETAINED COLLECTIONS 522200 4001087 4001087 ACCOUNT MAINTENANCE 522200 230208 230208 DEFAULT AVERSION SVCS 522200 28062 28062 WORKFORCE REVENUE 522200 96906 96906 4356263 71745 15094 56651 4428008 4259357 112000 56651 X 288838 288838 569668 249917 319751 41588 20124 21464 135684 43596 92088 39972 18518 21454 45108 45108 2172908 2134576 38332 131460 131460 60776 52273 8503 175711 131783 43928 49047 35314 13733 26051 5386 20665 19165 19165 BUSINESS RECOVERY EXP 5460 5460 CAPITAL BUDGET EXP REIMB 140242 140242 UBI TAXES 2960 2960 3904638 2691487 1213151 0 8809082 9493581 796371 308217 760000 760000 19207 16235 5301715 5381862 15686375 15959895 1561552 1231555 1561552 1231555 X 10062395 10468560 4062428 4259780 14124823 14728340 15686375 15959895 523370 80147 0 X X false true X true true true X 3738151 2579259 2123113 4608116 4259357 17307996 3738151 2579259 2123113 4608116 4259357 17307996 17307996 33622 41574 51124 58190 56651 241161 15780 15094 30874 33622 41574 51124 73970 71745 272035 96906 96906 3771773 2620833 2174237 4682086 4428008 17676937 0.97910 0.98620 0.02000 0.01000 X false false false false false false true 1249 false false 1249 false Activities to influence legislation (Part II-B, lines 1a - 1h) 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. BANK OF OKLAHOMA LONG TERM CD 3000000 C DATACOM INDUSTRIES 2381862 F 5381862 4508155 80147 80147 4428008 4428008 3909536 4898 4898 3904638 3904638 Other expenses not included on Form 990 (Part XII, line 2d) PRIOR YEAR UNRELATED BUSINESS INCOME TAXES $3,929OVERPAYMENT OF 2019 UBI TAXES CREDITED TO 2020 EXTIMATED TAX $969 X X false false false false false false false false false BRAD ALLPASS PRESIDENT AND CEO 178734 25374 204108 GRACE TACKMAN ASST VP OF HUMAN RESOURCES 124312 43168 167480 REGINALD STORMENT LEGAL COUNSEL 153529 39689 193218 MICHAEL NEMELKA PRESIDENT 189539 41964 231503 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. NM EDUCATIONAL ASSISTANCE FUND 7400 TIBURON NE ALBUQUERQUE NM 87109 850291313 FFELP STUDENT LOAN LENDER NM 501C3 10 N/A true DATACOM INDUSTRIES INC 7400 TIBURION NE ALBUQUERQUE NM 87109 REAL ESTATE NM NMSLGC C Corp 80147 2381862 1.00000 true false false false false false false false false false false true false true false false true false false false NMEAF k 189290 LEASE AGREEMENT NMEAF m 2634003 CONTRACT NMEAF p 154748 EXPENSE REIMBURSEMENT