2019-07-30T17:33:28-04:00 2018-09-30 463916466 Jaramillo Accounting Group LLC 4700 Lincoln Road NE Albuquerque NM 87109 990 2017-10-01 850291314 NEW MEXICO STUDENT LOAN GUARANTEE CORPORATION NEWM PO BOX 92230 ALBUQUERQUE NM 871992230 BRAD ALLPASS VICE PRESIDENT 5057612040 2019-02-12 false Audrey J Jaramillo P01786993 5053232035 2019-07-30 184.171.140.17 2019-07-30 17:34:49 8533572019211uid4xni 2019-07-30 P 56F1F7267D87A919E6B45ED086DB71A122A1DF19 56F1F7267D87A919E6B45ED086DB71A122A1DF19 2017 2019-02-21 02:37:17Z NEW MEXICO STUDENT LOANS MICHAEL NEMELKA PO BOX 92230 ALBUQUERQUE NM 871992230 2174237 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 7 0 0 0 2579259 2123113 41574 51124 0 2620833 2174237 0 0 952877 917166 0 0 1766819 1847537 2719696 2764703 -98863 -590466 14546002 13575389 935990 555843 13610012 13019546 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 1335796 1766555 STUDENT LOAN PROGRAMS: UNDER THE FEDERAL FAMILY EDUCATIONAL LOAN PROGRAM (FFELP) THE GUARANTEE CORPORATION IS REQUIRED TO COLLECT ON DEFAULTED LOANS. 287750 STUDENT LOAN PROGRAMS: UNDER THE FEDERAL FAMILY EDUCATIONAL LOAN PROGRAM (FFELP) GUARANTOR PAYS LENDER CLAIMS ON DEFAULTED LOANS 304391 THE GUARANTEE CORPORATION RECEIVES REGULATORY FEES FOR PARTICPATION IN THE FFELP PROGRAM 1623546 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 false true false true 0 0 true 7 true 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 BRAD ALLPASS 5057612063 PO BOX 92230 ALBUQUERQUE NM 871992230 DION KIDD-JOHNSON DIRECTORCHAIR 2.00 0.00 X 0 0 0 PAULINE GARCIA SECRETARY 2.00 0.00 X 0 0 0 VAL ALONZO DIRECTOR 2.00 0.00 X 0 0 0 BRAD ALLPASS VICE PRESIDENT OF FINANCE 10.00 0.00 X X 0 169548 14095 MICHAEL NEMELKA PRESIDENT 10.00 0.00 X 0 178999 33121 GRACE TACKMAN ASSISTANT VICE PRESIDENT OF H 10.00 0.00 X 0 102600 27085 LUCAS COVINGTON DIRECTOR OF IT 10.00 0.00 X 0 124418 29540 0 575565 103841 0 false true false NMEAF 7400 TIBURON NE ALBUQUERQUE NM 87109 BLDGCLERICALTECH 1762528 AESPHEAA PO BOX 64849 BALTIMORE MD 21264 PROG SYS & MAINT 273666 2 RETAINED COLLECTIONS 522200 1737225 1737225 ACCT MAINT & PERKINS 522200 304391 304391 DFLT AVERSION SVC FEES 522200 81497 81497 2123113 51124 51124 2174237 2123113 0 51124 X 204606 204606 506652 247654 258998 34381 16715 17666 136879 52791 84088 34648 17475 17173 161 161 31900 31900 1113869 1079391 34478 146802 146802 56331 48894 7437 171084 127525 43559 38838 27964 10874 74366 5137 69229 18987 18987 BUSINESS RECOVERY EXP 12344 12344 CAPITAL BUDGET EXP-REIMB 50336 50336 UNREALIZED LOSS - INVESTMENT 132519 132519 2764703 1623546 1141157 0 8027025 6598283 900001 1482825 100000 100000 18976 26800 5500000 5367481 14546002 13575389 935990 555843 935990 555843 X 10106266 9286688 3503746 3732858 13610012 13019546 14546002 13575389 -590466 0 X false true X true true true X 4580920 2915603 3738151 2579259 2123113 15937046 4580920 2915603 3738151 2579259 2123113 15937046 15937046 19187 22362 33622 41574 51124 167869 19187 22362 33622 41574 51124 167869 4600107 2937965 3771773 2620833 2174237 16104915 0.98960 0.99960 0.01000 0.01000 X false false false false false false true 1094 false false 1094 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 &ORGANZATIONS ENGAGED IN STUDENT LOAN FINANCING &POLICY. BANK OF OKLAHOMA LONG TERM CD 3000000 C DATACOM INDUSTRIES 2367481 F 5367481 2174237 2174237 2174237 2764703 2764703 2764703 X X X X false false false false false false false false false MICHAEL NEMELKA PRESIDENT 173999 5000 13176 19945 212120 BRAD ALLPASS VICE PRESIDENT OF FINANCE 168050 1498 11964 2131 183643 LUCAS COVINGTON DIRECTOR OF IT 122409 2009 9696 19844 153958 Form 990 governing body review Part VI line 11 AFTER THE INDEPENDENT ACCOUNTANTS HAVE PREPARED THE FORM 900 IT IS SENT TO THE ACCOUNTING DEPARTMENT OF NMSLGC WHERE IT IS REVIEWED. THE FORM IS THEN REVIEWED BY THE VICE PRESIDENT OF FINANCE. ALL CHANGES ARE THEN FORWARDED TO THE INDEPENDENT ACCOUNTANT. WHEN COMPLETED THE FORM IS 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 BY UPPER MANAGEMENT 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 $1,079,391MANAGEMENT AND GENERAL EXPENSES $34,478FUNDRAISING EXPENSE $0TOTAL EXPENSES $1,113,869TOTAL OTHER FEES ON FORM 990, PART IX, LINE 11G, COL A $1,113,869 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 false DATACOM INDUSTRIES INC 7400 TIBURION NE ALBUQUERQUE NM 87109 REAL ESTATE NM NMSLGC C Corp 58527 2762634 1.00000 true true false false true false false false false false false false false false false false false false false false DATACOM INDUSTRIES INC AI 9942 INTEREST ACCRUED DATACOM INDUSTRIES INC D 100000 LINE OF CREDIT BALANCE