2019-08-29T11:20:48-05:00 2018-12-31 ERNST & YOUNG US LLP 155 N Wacker Drive Chicago IL 60606 990 2018-01-01 411689095 NORTHSTAR GUARANTEE INC % HOPE MERRY NORT 6087332500 2501 International Lane Madison WI 53704 RICHARD D GEORGE President & CEO 6082461408 2019-08-28 Jacob Zehnder P01564049 3128792000 164.57.159.254 36964520192415000003 2019-08-29 P 34163F381DEDE5EE0CABDD6E8F3BD042227F3C04 34163F381DEDE5EE0CABDD6E8F3BD042227F3C04 2018 2019-02-21 02:37:17Z X Richard D George 2501 International Lane Madison WI 53704 72196777 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 7 6 0 0 0 0 0 0 2997806 3887647 339171 1511045 0 0 3336977 5398692 0 0 0 0 29107 24183 0 0 0 883376 700854 912483 725037 2424494 4673655 132432017 136990886 118651384 118526739 13780633 18464147 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. true false 636587 3887647 Making and/or 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. 636587 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 false false true true true false false true 7 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 Mary Burke 1 Director 1.0 5.0 X 3550 14200 0 David J Hanson 1 Director/Secretary 1.0 5.0 X 0 0 0 Linda Hoeschler 1 Director 1.0 3.0 X 5917 11833 0 Alex J Pollock 1 Director 1.0 3.0 X 5917 11833 0 Joan Prince 1 Director 1.0 3.0 X 5250 10500 0 Richard A Weiss 1 Director 1.0 5.0 X 3550 14200 0 Richard D George 23 Chair/Pres/CEO/Treas 1.0 59.0 X X 0 846087 43243 Rebecca Rapp 3 Gen Cnsl & Asst Secretary 1.0 49.0 X 0 262753 36782 24184 1171406 80025 0 false true false NONE 0 0 LOAN INTEREST INCOME 900099 3061716 3061716 PROVISION - LENDER LOAN GAIN 900099 825931 825931 3887647 1030756 1030756 0 0 0 0 0 67278374 66798085 480289 480289 480289 0 0 0 0 0 0 0 0 0 0 5398692 3887647 1511045 0 0 0 0 24183 24183 0 0 0 0 0 0 3550 3550 5300 5300 0 0 0 194 194 0 22639 22639 0 0 0 7223 7223 0 605 605 0 0 0 0 CONSOLIDATED INT. REBATE FEE 501581 501581 SERVICING FEES 111762 111762 CORPORATE SUPPORT 48000 48000 725037 636587 88450 0 810 639 38348491 136698695 0 0 3035625 0 0 0 0 0 0 0 0 0 0 0 0 0 20990038 0 0 0 0 0 0 0 70057053 291552 132432017 136990886 6200 14583 0 0 0 0 0 0 0 0 0 0 0 0 0 0 118645184 118512156 118651384 118526739 X 13780633 18464147 0 0 0 0 13780633 18464147 132432017 136990886 4673655 9859 X false true X true false X 0 0 0 0 0 0 2680888 2350084 2906282 2997806 3887647 14822707 0 0 0 2680888 2350084 2906282 2997806 3887647 14822707 0 0 0 0 0 0 0 0 0 0 0 0 0 14822707 25615 54482 90938 339171 1030756 1540962 0 25615 54482 90938 339171 1030756 1540962 0 0 2706503 2404566 2997220 3336977 4918403 16363669 0.90583 0.96361 0.09417 0.03639 X 0 LENDER FUNDING CONTRIBUTION TR 118419274 INTEREST PAYABLE 80048 INTERCOMPANY PAYABLE 12834 118512156 SUPPLEMENTAL INFORMATION Other liabilities-$118,419,274 Lender Funding Contribution Transfer Northstar Guarantee Inc.'s exempt lending role was utilized beginning in December 2008 through the making and/or 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. The $118,419,274 represents the 2008-2010 Lender Funding Contribution Transfer from Ascendium Education Group, Inc. (Related Entity). X false false false false false false false false false Richard D George 23 Chair/Pres/CEO/Treas 0 310408 0 532014 0 3665 0 16458 0 26785 0 889330 0 0 Rebecca Rapp 3 Gen Cnsl & Asst Secretary 0 124203 0 138276 0 274 0 12149 0 24633 0 299535 0 0 FORM 990, SCHEDULE J, PART I, LINE 1A RICHARD D. GEORGE, CHIEF EXECUTIVE OFFICER, RECEIVED A TAX GROSS-UP IN 2018, FOR YEAR TWO OF THE THREE YEAR INCENTIVE TO OFFSET TAX LIABILITIES ASSOCIATED WITH THE VESTING OF AN OPTION IT AWARD MADE IN 2004 THAT WAS ORIGINALLY INTENDED TO VEST POST RETIREMENT. THE BOARD OF DIRECTORS HAS REQUESTED THAT THE CEO DELAY RETIREMENT AND HAS OFFERED THIS TAX GROSS UP AS AN INVESTMENT TOWARDS THAT END. PART III, QUESTION 2 The student loan portfolio was sold on 12/21/2018 and therefore as of that date the organization will no longer hold or make student loans. Northstar Guarantee Inc. will continue to support charitable purposes related to education. PART VI, QUESTION 6 AND 7A Ascendium Education Group, Inc. a nonprofit 501(c)(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. United Student Aid Funds Inc 2501 International Lane Madison WI 53704 946050341 gty stdnt lns DE 501(C)(3) 10 GROUP true Northwest Education Loan Association 2501 International Lane Madison WI 53704 911068278 stdnt loans WA 501(C)(3) 10 USAF true 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 Great Lakes Educational Loan Svcs Inc 2401 International Lane Madison WI 53704 391864035 Student Loan WI NA C corp 0 0 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 true false true false false false