2020-09-01T09:34:26-05:00 2019-12-31 ERNST & YOUNG US LLP 155 N Wacker Drive Chicago IL 60606 990 2019-01-01 411689095 NORTHSTAR GUARANTEE INC % HOPE MERRY NORT 6087332500 2501 International Lane Madison WI 53704 RICHARD D GEORGE President & CEO 6082461408 2020-08-29 Jacob Zehnder P01564049 3128792000 2020-05-25 98.206.34.16 36964520202455000097 2020-09-01 P 4F10CDD67E55A0C8BB56B91DC5413DBF01660CC8 D155260895F341514098DE9CA2553F38B7C1A374 2019 2021-01-29 14:40:06Z Richard D George 2501 International Lane Madison WI 53704 1053350 false X www.ascendiumeducation.org X 1990 MN NORTHSTAR'S EXEMPT LENDING ROLE IS MAKING AND/OR HOLDING STUDENT LOANS TO POSTSECONDARY EDUCATION STUDENTS AND THEIR PARENTS IN ACCORDANCE WITH THE FED FAMILY EDUCATION LOAN PROGRAM X 7 6 0 0 0 0 0 0 3887647 0 1511045 1053350 0 0 5398692 1053350 0 0 0 0 24183 37125 0 0 0 700854 35749 725037 72874 4673655 980476 136990886 5031694 118526739 18690 18464147 5013004 X NORTHSTAR GUARANTEE INC.'S MISSION IS TO FOSTER, AID, ENCOURAGE AND ASSIST IN THE PURSUIT OF HIGHER EDUCATION. IN PARTICULAR, THE CORPORATION FACILITATES THE BROADER AVAILABILITY OF EDUCATIONAL LOANS TO STUDENTS BY, BUT NOT LIMITED TO, ACTING AS A LENDER OR AN ELIGIBLE LENDER (AS PROVIDED UNDER THE FEDERAL HIGHER EDUCATION ACT OF 1965, AS AMENDED) FOR SUCH LOANS. THIS MISSION STATEMENT HAS BEEN REVIEWED, ACKNOWLEDGED AND INFORMALLY APPROVED BY THE BOARD. false false 7097 0 Making and/or acquiring and holding of student loans to postsecondary education students and to their parents in accordance with the Federal Family Education Loan Program established by Title IV, Part B of the Federal Higher Education Act of 1965, as amended. 7097 true false false false false false false false false false false false false false true false false true false false false false false false false false false false false true false false false false false false false false false false false true false true true true false false true 0 0 0 false false false false false false false false false false false false X 7 6 false false false false true true true true true false false true true true true true true false false false MN X HOPE MERRY 6087332584 2501 INTERNATIONAL LANE Madison WI 53704 X Richard D George 2 Chair/Pres/CEO/Treas 1.0 49.0 X X 0 953156 43040 Rebecca Rapp 3 Gen Cnsl & Asst Secretary 1.0 44.0 X 0 268945 37644 Richard A Weiss 1 Director 1.0 2.0 X 6583 13167 0 Joan Prince 1 Director 1.0 2.0 X 8875 8875 0 Linda Hoeschler 1 Director 1.0 2.0 X 8875 8875 0 Mary Burke 1 Director 1.0 2.0 X 5917 11833 0 Alex J Pollock 1 Director 1.0 2.0 X 6875 6875 0 David J Hanson 1 Director/Secretary 1.0 2.0 X 0 0 0 37125 1271726 80684 0 false true false NONE 0 0 0 1053350 1053350 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1053350 1053350 0 0 0 0 37125 37125 0 0 0 0 0 0 5917 5917 7260 7260 0 0 0 0 0 7097 7097 0 0 523 523 6265 6265 0 0 0 0 0 0 CORPORATE SUPPORT 8687 8687 72874 7097 65777 0 639 37510 136698695 4965600 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 291552 28584 136990886 5031694 14583 4733 0 0 0 0 0 0 0 0 0 0 0 0 0 0 118512156 13957 118526739 18690 X 18464147 5013004 0 0 18464147 5013004 136990886 5031694 X 980476 149107 -14580726 X false true X true false X 0 0 0 0 0 0 2350084 2906282 2997806 3887647 0 12141819 0 0 0 0 0 0 2350084 2906282 2997806 3887647 0 12141819 0 0 0 0 0 0 0 0 0 0 0 0 0 12141819 54482 90938 339171 1030756 1053350 2568697 0 54482 90938 339171 1030756 1053350 2568697 0 0 2404566 2997220 3336977 4918403 1053350 14710516 0.82538 0.90583 0.17462 0.09417 X 0 INTERCOMPANY PAYABLE 13957 13957 false false false false false false false false false Rebecca Rapp 3 Gen Cnsl & Asst Secretary 0 136959 0 131689 0 297 0 14681 0 22963 0 306589 0 0 Richard D George 23 Chair/Pres/CEO/Treas 0 347542 0 601808 0 3806 0 14735 0 28305 0 996196 0 0 Investments 2019-12-31 133000000 book value 391090394 ASCENDIUM EDUCATION GROUP NC 2501 INTERNATIONAL LANE MADISON WI 53704 501c(3) true true false false Part II, Line 2 Asset transfer to Ascendium Education Group, Inc. $133,000,000 (AEG) from Northstar Guarantee, Inc. (Northstar) Lender funding contributions from AEG to Northstar ($118,419,274) -------------- Net Asset Transfer to AEG from Northstar $14,580,726 Part II, Line 2a and Line 2b All officers and directors of Northstar Guarantee, Inc. are existing officers and/or directors of Ascendium Education Group, Inc. No officer, director, or trustee became a director, trustee, or employee of the transferee organization as a result of the transfer. PART VI, QUESTION 6 AND 7A ASCENDIUM EDUCATION GROUP, INC., A NONPROFIT 501C(3) CORPORATION, IS THE SOLE MEMBER OF NORTHSTAR GUARANTEE, INC. AND HAS THE AUTHORITY TO APPOINT THE NORTHSTAR GUARANTEE, INC BOARD. PART VI, QUESTION 7B Ascendium Education Group, Inc., a nonprofit 501(c)(3) corporation, as sole member of Northstar Guarantee Inc., has the authority provided by Wis. Stats. Chapter 181 to approve certain actions related to merger, conversion, sale of assets and dissolution. PART VI, QUESTION 11B On an annual basis, the Chairman of the Board, President and CEO, the audit committee and board review the Form 990 prior to filing. The conflicts of interest questionnaires are completed by each Director and reviewed prior to filing the Form 990. PART VI, QUESTION 12C Annually, Directors and Officers sign a Conflict of Interest document which discloses any conflicts. The signed documents are reviewed annually by the Chairman of the Board. If a disclosed conflict occurs, the individual abstains from discussion and voting on topics where a conflict of interest exists. All Directors, Officers and Employees are subject to the Human Resources Code of Ethics to maintain the highest ethical and legal standards of business conduct. PART VI, SECTION B, LINE 15a & 15b Northstar Guarantee Inc. does not compensate the CEO, Executive Director, any top management officials, or key employees, as the compensation is from a related organization. PART VI, QUESTION 19 Federal tax law does not require such documents be made publicly available. Documents are available upon specific request. PART VII, SECTION A, LINE 1a 1) Directors normally attend 3-4 board meetings and 3-4 committee meetings per year in addition to telephonic conferences and individual meetings with officers. Directors devote an average of 1 hour per week to their position(s). (2) Inside directors are not eligible for Board compensation. (3) Non-operating officer position not separately compensated. PART XI, LINE 9 Net Asset Transfer to Ascendium Education Group, Inc. from Northstar Guarantee, Inc. - ($14,580,726) Ascendium Education Group Inc 2501 International Lane Madison WI 53704 391090394 stdnt ln svcs WI 501(C)(3) 12B Type II NA false Ascendium Education Solutions Inc 2501 International Lane Madison WI 53704 391853833 gty stdnt lns WI 501(C)(3) 10 GROUP true Northstar Education Services LLC 2501 International Lane Madison WI 53704 352626495 Service WI GROUP C Corp 0 0 true false false false false false false false false false false false false false false false true false true false ASCENDIUM EDUCATION GROUPINC r 14580726 ACTUAL COST