2018-02-26T15:31:27-06:00 2017-09-30 KPMG LLP 1248 O STREET SUITE 1120 Lincoln NE 68508 990 2016-10-01 363514573 Nebraska Student Loan Program INC % JILL M HICKS NEBR 4024796623 PO Box 82507 Lincoln NE 685012507 JILL M HICKS CFO 4024796623 2018-02-23 true DONALD NEAL JR P00798244 4024761216 2018-02-23 167.68.102.5 47012420180575000000 2018-02-26 P 55718AD0153E791F3315D72D27656E543FED7AC8 6A70816EC186E69FF81F3C628F69E785AE12BAEC 2016 2021-01-29 14:40:06Z RANDALL HEESACKER PO Box 82507 Lincoln NE 685012507 61125472 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 57402238 57293782 1719434 3831690 0 0 59121672 61125472 0 0 0 0 1895931 1924996 0 0 0 44024437 43723949 45920368 45648945 13201304 15476527 223521551 234226622 38661248 34228800 184860303 199997822 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 45648945 0 57293782 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. 45648945 true false false false 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 19 0 true 6 true 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 NE X JILL M HICKS 4024796623 PO BOX 82507 Lincoln NE 68501 X Randall S Heesacker President & CEO 40.0 0.0 X X 383115 0 61764 Richard Vierk Chairman 0.4 0.0 X 36300 0 0 Lynn Callahan Director 0.4 0.0 X 11500 0 0 GUY SAUNDERS DIRECTOR 0.4 0.0 X 14000 0 0 ANTHONY GOINS DIRECTOR 0.4 0.0 X 12000 0 0 Jill M Hicks CFO 40.0 0.0 X 227160 0 39284 David A Macoubrie EVP & COO 40.0 0.0 X 223061 0 52329 William Kohl VP Portfolio Mgmt 40.0 0.0 X 176820 0 42821 Susan Downing VP Marketing 40.0 0.0 X 170919 0 39523 Michael Lubben VP Business Development 40.0 0.0 X 239784 0 41303 1494659 0 277024 6 false true false GC Services PO BOX 32500 COLUMBUS OH 43232 Collection Services 5025706 Nelnet Guarantee Services 121 South 13th Street LINCOLN NE 68508 Loan Servicing 4120872 WINDHAM PROFESSIONALS INC 380 MAIN STREET SALEM NH 03079 COLLECTION SERVICES 3293805 NATIONAL ENTERPRISE SYSTEMS 29125 SOLON ROAD SOLON OH 44139 COLLECTION SERVICES 3264818 AUTOMATED COLLECTION SERVICES INC 2802 OPRYLAND DRIVE NASHVILLE TN 37214 COLLECTION SERVICES 3220556 9 0 RECOVERY REVENUE 900099 50272064 50272064 ACCOUNT MAINENANCE FEE 900099 2725213 2725213 DEFAULT AVERSION FEE 900099 241043 241043 PROVISION FOR DEFAULT AVERSION FEE 900099 745834 745834 OTHER INCOME 900099 3309628 3309628 57293782 3831690 3831690 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 61125472 57293782 3831690 0 0 0 0 1857575 1857575 0 0 0 0 67421 67421 0 213600 213600 92977 92977 0 0 534670 534670 591742 591742 156904 156904 335577 335577 2883419 2883419 0 581288 581288 272806 272806 0 122266 122266 0 1535464 1535464 1012069 1012069 23760 23760 POST DEFAULT FEE COLLECTED 19276899 19276899 SERVICING FEES 4126128 4126128 REHABILITATION DISCOUNT 5723454 5723454 LEASED EMPLOYEES FROM FES 5931724 5931724 309202 309202 45648945 45648945 0 0 0 0 71782932 82810781 0 0 15117412 7494433 0 0 0 0 0 0 0 0 0 0 0 0 100103138 110617252 0 0 0 0 0 0 36518069 33304156 223521551 234226622 3182505 3662902 0 0 5466 56189 0 0 0 0 0 0 0 0 0 0 35473277 30509709 38661248 34228800 X 184860303 199997822 0 0 0 0 184860303 199997822 223521551 234226622 15476527 -339008 X false true X true true true X 87565611 68862559 84682353 54146233 53984154 349240910 1339578 1617268 2914233 3256005 3309628 12436712 0 0 0 88905189 70479827 87596586 57402238 57293782 361677622 0 0 0 361677622 949021 142730 1196176 1719434 3831690 7839051 0 949021 142730 1196176 1719434 3831690 7839051 0 0 89854210 70622557 88792762 59121672 61125472 369516673 0.97879 0.98890 0.02121 0.01110 X NET ASSETS - FEDERAL FUND 28569485 ACCRUED INTERST RECEIVABLE 296326 PURCHASED LOANS 81017 OTHER ASSETS 4357328 33304156 0 PAYABLE TO THE US DEPT OF EDU. 28569485 DEFAULT AVERSION FEE REFUND ALLOW. 1940224 30509709 X 59505960 -339008 -339008 59844968 534670 745834 1280504 61125472 44368441 44368441 534670 745834 1280504 45648945 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, 2017 and 2016, 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 PROVISION FOR DEFAULT AVERSION FEE REBATE 745,834 SCHEDULE D, PART XII, LINE 4B PROVISION FOR DEFAULT AVERSION FEE REBATE 745,834 X X X X X X false false false true false false false false false Randall S Heesacker President & CEO 315769 0 65954 0 1392 0 42182 0 19582 0 444879 0 0 0 Jill M Hicks CFO 182666 0 43582 0 912 0 32508 0 6776 0 266444 0 0 0 David A Macoubrie EVP & COO 179309 0 42840 0 912 0 32508 0 19821 0 275390 0 0 0 William Kohl VP Portfolio Mgmt 140612 0 34024 0 2184 0 29326 0 13495 0 219641 0 0 0 Susan Downing VP Marketing 136656 0 33393 0 870 0 19941 0 19582 0 210442 0 0 0 Michael Lubben VP Business Development 176745 0 61587 0 1452 0 21625 0 19678 0 281087 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 revenue 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 true false false true false true false false false