2020-04-09T11:19:23-05:00 2019-09-30 KPMG LLP 1248 O Street Suite 1120 Lincoln NE 68508 990 2018-10-01 363514573 Nebraska Student Loan Program INC % JILL M HICKS NEBR 4024796623 PO Box 82507 Lincoln NE 685012507 JILL M HICKS CFO 4024796623 2020-04-09 true DONALD NEAL JR P00798244 4024761216 167.68.102.5 47012420201005000000 2020-04-09 P 55718AD0153E791F3315D72D27656E543FED7AC8 9C230E3C43A1AC01475832C9617E9CAF99CA9519 2018 2020-09-23 17:36:50Z Randall Heesacker PO Box 82507 Lincoln NE 685012507 36382514 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. 5 4 6 0 0 0 0 0 43607977 31312211 4351695 5070303 0 0 47959672 36382514 0 0 0 0 2069099 2052654 0 0 0 38414000 32044594 40483099 34097248 7476573 2285266 239135718 239595762 31293707 28607921 207842011 210987841 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 34097248 0 31312211 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. 34097248 true false false true 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 16 0 true 6 true false false false false false false false false false false false false X 5 4 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 447859 0 50152 Richard Vierk Chairman 0.27 0.0 X 35050 0 0 Lynn Callahan Director 0.34 0.0 X 12250 0 0 GUY SAUNDERS DIRECTOR 0.43 0.0 X 14500 0 0 ANTHONY GOINS DIRECTOR 0.3 0.0 X 11500 0 0 Jill M Hicks CFO 40.0 0.0 X 254146 0 35572 David A Macoubrie EVP & COO 40.0 0.0 X 261931 0 48269 William L Kohl VP Portfolio Mgmt 40.0 0.0 X 191192 0 41740 Susan K Downing Sr. VP Marketing/Product Dev 40.0 0.0 X 198542 0 45876 Michael J Lubben VP Business Development 40.0 0.0 X 266162 0 43831 1693132 0 265440 6 false true false Nelnet Guarantee Services 121 South 13th Street LINCOLN NE 68508 Loan Servicing 4126128 GC Services PO Box 32500 COLUMBUS OH 43232 Collection Services 3000872 Automated Collection Services Inc 2802 Opryland Drive NASHVILLE TN 37214 COLLECTION SERVICES 2553330 National Enterprise Systems 29125 Solon Road SOLON OH 44139 Collection Services 2148604 Account Control Technology PO Box 8012 CANOGA PARK CA 91309 Collection Services 1962179 11 0 RECOVERY REVENUE 900099 24212760 24212760 ACCOUNT MAINENANCE FEE 900099 2053640 2053640 OTHER INCOME 900099 5045811 5045811 31312211 5070303 5070303 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 36382514 31312211 5070303 0 0 0 0 1980211 1980211 0 0 0 0 72443 72443 0 86181 86181 103933 103933 21429 21429 0 260888 260888 755095 755095 82297 82297 336003 336003 3605749 3605749 0 513267 513267 180902 180902 0 121315 121315 0 1543037 1543037 2004220 2004220 43115 43115 POST DEFAULT FEE COLLECTED 9216611 9216611 LEASED EMPLOYEES FROM FES 6692619 6692619 SERVICING FEES 4126128 4126128 REHABILITATION DISCOUNT 1518786 1518786 833019 833019 34097248 34097248 0 0 0 0 86428915 127041903 0 0 2689189 2238731 0 0 0 0 0 0 0 0 0 0 0 0 119778516 82673636 0 0 0 0 0 0 30239098 27641492 239135718 239595762 2971912 2497006 0 0 85407 84549 0 0 0 0 0 0 0 0 0 0 28236388 26026366 31293707 28607921 X 207842011 210987841 0 0 0 0 207842011 210987841 239135718 239595762 2285266 860564 X false true X true true true X 84682353 54146233 53984154 39664060 27110086 259586886 2914233 3256005 3309628 3943917 4202125 17625908 0 0 0 87596586 57402238 57293782 43607977 31312211 277212794 0 0 0 277212794 1196176 1719434 3831690 4351695 5070303 16169298 0 1196176 1719434 3831690 4351695 5070303 16169298 0 0 88792762 59121672 61125472 47959672 36382514 293382092 0.94489 0.96570 0.05511 0.03430 X 21429 21429 34075819 34097248 1000000 250000 1000000 1000000 1500000 21429 21429 250000 250000 375000 NET ASSETS - FEDERAL FUND 23715217 ACCRUED INTERST RECEIVABLE 233398 PURCHASED LOANS 87076 OTHER ASSETS 3605801 27641492 0 PAYABLE TO THE US DEPT OF EDU. 23715217 DEFAULT AVERSION FEE REFUND ALLOW. 2311149 26026366 X 35686753 860564 860564 34826189 260888 1295437 1556325 36382514 32540923 32540923 260888 1295437 1556325 34097248 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, 2019 and 2018, 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 $451,751 Provision for default aversion fee $843,646 __________ Total $1,295,437 Schedule D, Part XII, Line 4b Default Aversion Fee $451,751 Provision for default aversion fee $843,646 __________ Total $1,295,437 X X X X X X false false false true false false false false false Randall S Heesacker President & CEO 359566 0 86251 0 2042 0 35933 0 14219 0 498011 0 0 0 Jill M Hicks CFO 200672 0 52562 0 912 0 28073 0 7499 0 289718 0 0 0 David A Macoubrie EVP & COO 206845 0 54174 0 912 0 28553 0 19716 0 310200 0 0 0 William L Kohl VP Portfolio Mgmt 147973 0 41035 0 2184 0 25987 0 15753 0 232932 0 0 0 Susan K Downing Sr. VP Marketing/Product Dev 153570 0 44060 0 912 0 23042 0 22834 0 244418 0 0 0 Michael J Lubben VP Business Development 201439 0 63331 0 1392 0 24238 0 19593 0 309993 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 net 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