BETA

NORTHSTAR EDUCATION FINANCE INC: Form 990, tax year 2018

View the entire original 990 at ProPublica ↗

Organization
NORTHSTAR EDUCATION FINANCE INC (EIN 41-1961427)
Tax period
2018-10-01 to 2019-09-30
Filed
2020-02-12
IRS object ID
202000439349300510
Schema version
2018v3.1
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

FieldValueIRS element (for citing)
Return2020-02-12T08:50:19-06:00ReturnTs
Tax Period End2019-09-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN390859910PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1BAKER TILLY VIRCHOW KRAUSE 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 Begin2018-10-01TaxPeriodBeginDt

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
Signature2020-02-07SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonLAWRENCE H MOHR CPAPreparerPersonNm
PTINP00447603PTIN
Phone6128764500PhoneNum
Preparation2020-02-04PreparationDt

Filing Security Information FilingSecurityInformation

IP Address IPAddress

FieldValueIRS element (for citing)
I Pv4 Address73.24.24.118IPv4AddressTxt
FieldValueIRS element (for citing)
IP2020-02-07IPDt
IP Tm13:51:40IPTm
IP TimezoneCSIPTimezoneCd
Filing License TypePFilingLicenseTypeCd
At Submission Creation Device IdDA39A3EE5E6B4B0D3255BFEF95601890AFD80709AtSubmissionCreationDeviceId
At Submission Filing Device IdF928441D2398D0B4DCF9932C1CB380BE5D4089C9AtSubmissionFilingDeviceId
FieldValueIRS element (for citing)
Tax2018TaxYr
Build TS2020-09-23 17:36:50ZBuildTS

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$92,237,647GrossReceiptsAmt
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 Body8VotingMembersGoverningBodyCnt
Voting Members Independent8VotingMembersIndependentCnt
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$81,354,929PYProgramServiceRevenueAmt
CY Program Service Revenue$90,443,751CYProgramServiceRevenueAmt
PY Investment Income$1,479,866PYInvestmentIncomeAmt
CY Investment Income$1,793,896CYInvestmentIncomeAmt
PY Other Revenue$0PYOtherRevenueAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$82,834,795PYTotalRevenueAmt
CY Total Revenue$92,237,647CYTotalRevenueAmt
PY Grants And Similar Paid$1,904,300PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$3,160,933CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$286,141PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$290,439CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$86,978,690PYOtherExpensesAmt
CY Other Expenses$93,430,782CYOtherExpensesAmt
PY Total Expenses$89,169,131PYTotalExpensesAmt
CY Total Expenses$96,882,154CYTotalExpensesAmt
PY Revenues Less Expenses-$6,334,336PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$4,644,507CYRevenuesLessExpensesAmt
Total Assets BOY$2,465,068,153TotalAssetsBOYAmt
Total Assets EOY$2,126,920,671TotalAssetsEOYAmt
Total Liabilities BOY$2,291,797,565TotalLiabilitiesBOYAmt
Total Liabilities EOY$1,958,294,590TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$173,270,588NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$168,626,081NetAssetsOrFundBalancesEOYAmt
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$90,294,834ExpenseAmt
Revenue$90,443,751RevenueAmt
DescMANAGE PORTFOLIO OF OUTSTANDING FFELP (APPROX. 90%) AND PRIVATE (APPROX. 10%) STUDENT LOANS WITH OUTSTANDING BALANCES TOTALING APPROX. $1.9 BILLION AS OF 9/30/2019. 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 2019 AND 2018, RESPECTIVELY, THE ORGANIZATION MADE T.H.E. REPAYMENT BONUS PAYMENTS (INTEREST REBATES WHICH ARE PROCESSED AS CREDITS TO ELIGIBLE BORROWER ACCOUNTS) OF APPROXIMATELY $15.8 MILLION AND $17.9 MILLION, RESPECTIVELY.Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
Expense$3,160,933ExpenseAmt
Grant$3,160,933GrantAmt
DescPROVIDE GRANTS AND PURCHASED SERVICES 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. ADDITIONALLY, TO PROVIDE MINNESOTA SCHOOLS DEFAULT MANAGEMENT/AVERSION TOOLS TO ASSIST THEIR STUDENTS WITH MANAGING REPAYMENT OF THEIR STUDENT LOANS.Desc
FieldValueIRS element (for citing)
Total Program Service Expenses$93,455,767TotalProgramServiceExpensesAmt
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
Temp Or Permanent Endowments0TempOrPermanentEndowmentsInd
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 With Officer Ent0BusinessRlnWithOfficerEntInd
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 Document20IRPDocumentCnt
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 Members8GoverningBodyVotingMembersCnt
Independent Voting Member8IndependentVotingMemberCnt
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 WeekAverageHoursPerWeekRtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
TAIGE THORNTON
PRESIDENT3.000.00Yes (X)Yes (X)$35,000$0$0
RICHARD NIGON
PRESIDENT - OUTGOING3.000.00Yes (X)Yes (X)$34,000$0$0
ANITA PAMPUSCH
BOARD CHAIR1.000.00Yes (X)Yes (X)$29,000$0$0
CLYDE NELSON
TREASURER1.000.00Yes (X)Yes (X)$24,200$0$0
ELIZABETH ANNE CARRIER DORAN
BOARD MEMBER1.000.00Yes (X)$18,000$0$0
RICHARD HARRIS
BOARD MEMBER1.000.00Yes (X)$18,000$0$0
JAYNE BACCUS KHALIFA
BOARD MEMBER - OUTGOING1.000.00Yes (X)$18,000$0$0
TIM PENNY
BOARD MEMBER1.000.00Yes (X)$18,000$0$0
DAVID REILING
BOARD MEMBER1.000.00Yes (X)$0$0$0
MARY ROTHCHILD
BOARD MEMBER1.000.00Yes (X)$0$0$0
CHARLES OSBORNE
CHIEF FINANCIAL OFFICER15.000.00Yes (X)$94,616$0$0
SARAH DUNIWAY
SECRETARY3.000.00Yes (X)$0$0$0
FieldValueIRS element (for citing)
Total Reportable Comp From Org$288,816TotalReportableCompFromOrgAmt
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$2,944,160
NELNET SERVICING LLC
121 SOUTH 13TH ST WF SUITE 400LINCOLNNE68508STUDENT LOAN SERVICING$1,375,866
TRANSWORLD SYSTEMS INC
150 N FIELD DRIVE STE 200LAKE FORESTIL60045PRIVATE LOAN COLLECTION SERVICES$653,602
RBC CAPITAL MARKETS LLC
200 VERSEY STREET 8TH FLOORNEW YORKNY10281BROKER/DEALER FEES$282,414
US BANK TRUST
425 WALNUT STCINCINATTIOH45202INDENTURE TRUSTEE FEES$170,553
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$90,330,662$90,330,662
SUB-SERVICING FEES525990$113,089$113,089
FieldValueIRS element (for citing)
Total Program Service Revenue$90,443,751TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$1,793,896TotalRevenueColumnAmt
Exclusion$1,793,896ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$92,237,647TotalRevenueColumnAmt
Related Or Exempt Func Income$90,443,751RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$1,793,896ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$3,160,933TotalAmt
Program Services$3,160,933ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$290,439TotalAmt
Management And General$290,439ManagementAndGeneralAmt

Fees For Services Management FeesForServicesManagementGrp

FieldValueIRS element (for citing)
Total$4,320,313TotalAmt
Program Services$1,376,153ProgramServicesAmt
Management And General$2,944,160ManagementAndGeneralAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$189,426TotalAmt
Program Services$151,518ProgramServicesAmt
Management And General$37,908ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$79,571TotalAmt
Management And General$79,571ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$727,355TotalAmt
Program Services$694,768ProgramServicesAmt
Management And General$32,587ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$1,983TotalAmt
Management And General$1,983ManagementAndGeneralAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$12,303TotalAmt
Management And General$12,303ManagementAndGeneralAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$68,713,708TotalAmt
Program Services$68,713,708ProgramServicesAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$1,149,927TotalAmt
Program Services$1,149,927ProgramServicesAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$91,629TotalAmt
Management And General$91,629ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmt
LOAN CONSOLIDATION FEES$16,629,905$16,629,905
STUDENT LOAN DEFAULT AN$1,024,825$1,024,825
DEBT FINANCING FEES$554,030$554,030
OTHER MISCELLANEOUS EXP-$64,193-$64,193

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$96,882,154TotalAmt
Program Services$93,455,767ProgramServicesAmt
Management And General$3,426,387ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$11,615,491BOYAmt
EOY$5,717,055EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$192,936,949BOYAmt
EOY$167,834,908EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$2,200,943BOYAmt
EOY$2,596,145EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$51,388BOYAmt
EOY$55,333EOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

FieldValueIRS element (for citing)
BOY$2,254,080,756BOYAmt
EOY$1,946,573,690EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$4,182,626BOYAmt
EOY$4,143,540EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$2,465,068,153BOYAmt
EOY$2,126,920,671EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$9,059,071BOYAmt
EOY$7,668,958EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

FieldValueIRS element (for citing)
BOY$2,265,254,776BOYAmt
EOY$1,944,002,045EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$17,483,718BOYAmt
EOY$6,623,587EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$2,291,797,565BOYAmt
EOY$1,958,294,590EOYAmt
FieldValueIRS element (for citing)
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

FieldValueIRS element (for citing)
BOY$173,270,588BOYAmt
EOY$168,626,081EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$173,270,588BOYAmt
EOY$168,626,081EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$2,465,068,153BOYAmt
EOY$2,126,920,671EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss-$4,644,507ReconcilationRevenueExpnssAmt
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$76,066,511CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$34,269,565CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$81,342,289CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$81,354,929CurrentTaxYearMinus1YearAmt
Current Tax Year$90,443,751CurrentTaxYearAmt
Total$363,477,045TotalAmt

Total509 Total509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$76,066,511CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$34,269,565CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$81,342,289CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$81,354,929CurrentTaxYearMinus1YearAmt
Current Tax Year$90,443,751CurrentTaxYearAmt
Total$363,477,045TotalAmt

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$363,477,045PublicSupportTotal509Amt

Gross Investment Income509 GrossInvestmentIncome509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$111,023CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$227,584CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$704,157CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$1,479,866CurrentTaxYearMinus1YearAmt
Current Tax Year$1,793,896CurrentTaxYearAmt
Total$4,316,526TotalAmt

Investment Income And UBTI InvestmentIncomeAndUBTIGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$111,023CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$227,584CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$704,157CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$1,479,866CurrentTaxYearMinus1YearAmt
Current Tax Year$1,793,896CurrentTaxYearAmt
Total$4,316,526TotalAmt

Total Support Calendar Year TotalSupportCalendarYearGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$76,177,534CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$34,497,149CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$82,046,446CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$82,834,795CurrentTaxYearMinus1YearAmt
Current Tax Year$92,237,647CurrentTaxYearAmt
Total$367,793,571TotalAmt
FieldValueIRS element (for citing)
Public Support CY5090.98830PublicSupportCY509Pct
Public Support PY5090.99300PublicSupportPY509Pct
Investment Income CY0.01170InvestmentIncomeCYPct
Investment Income PY0.00700InvestmentIncomePYPct
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$1,946,573,690BookValueAmt
Method ValuationCMethodValuationCd
FieldValueIRS element (for citing)
Total Book Value Program Rltd$1,946,573,690TotalBookValueProgramRltdAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

FieldValueIRS element (for citing)
DescACCRUED BORROWER INCENTIVE PAYMENTSDesc
Amt$6,623,587Amt
FieldValueIRS element (for citing)
Total Liability$6,623,587TotalLiabilityAmt

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)$1,837,000TO 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)$803,333TO 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
Total Other Org0TotalOtherOrgCnt

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 SUBSEQUENTLY DISTRIBUTED TO THE FULL BOARD OF DIRECTORS.
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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