2017-02-27T10:58:03-06:00 2016-09-30 KPMG LLP 1248 O STREET SUITE 1120 Lincoln NE 68508 990 2015-10-01 363514573 Nebraska Student Loan Program Inc % Jill M Hicks NEBR 4024796623 PO Box 82507 Lincoln NE 685012507 JILL M HICKS CFO 4024796623 2017-02-27 true DONALD NEAL JR P00798244 4024761216 2015 2021-01-29 14:40:06Z Randall Heesacker PO Box 82507 Lincoln NE 685012507 59121672 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. 6 4 6 0 0 0 0 87596586 57402238 1196176 1719434 0 0 88792762 59121672 0 0 0 0 1867442 1895931 0 0 0 60462851 44024437 62330293 45920368 26462469 13201304 210679237 223521551 38338858 38661248 172340379 184860303 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 45920368 0 57402238 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. 45920368 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 26 0 true 6 true false false false false false false false false false false X 6 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 383569 0 58449 Richard Vierk Chairman 0.4 0.0 X 35550 0 0 Thomas Smith Director 0.2 0.0 X 18500 0 0 Guy Saunders Director 0.5 0.0 X 14250 0 0 Lynn Callahan Director 0.4 0.0 X 12000 0 0 Anthony Goins Director 0.4 0.0 X 0 0 0 Brett Lief Director & Consultant 0.4 0.0 X 236320 0 0 Jill M Hicks CFO 40.0 0.0 X 226123 0 38587 David A Macoubrie VP Repayment Solutions 40.0 0.0 X 220158 0 48176 William Kohl VP Portfolio Mgmt 40.0 0.0 X 175203 0 45246 Susan Downing VP Marketing 40.0 0.0 X 169393 0 33981 Michael Lubben VP Business Development 40.0 0.0 X 227078 0 38812 A Eugene Crump Director 0.0 0.0 X 7000 11250 0 1725144 11250 263251 7 true true false GC Services PO Box 32500 Columbus OH 43232 Collection Services 6143682 National Enterprise Systems 29125 Solon Road Solon OH 44139 Collection Services 5539519 Automated Collections Services Inc 2802 Opryland Drive Nashville TN 37214 Collection Services 5007253 Windham Professionals Inc 380 Main Street Salem NH 03079 Collection Services 4282772 Nelnet Guarantee Services 121 South 13th Street Lincoln NE 68508 Loan Servicing 4110360 12 0 Recovery Revenue 900099 49780109 49780109 Account Maintenance Fee 900099 3095035 3095035 Default Aversion Fee 900099 431234 431234 Provision for Default Aversion Fee 900099 839855 839855 Other Income 900099 3256005 3256005 57402238 1719434 1719434 0 0 0 0 0 0 0 0 0 0 59121672 57402238 1719434 0 0 0 0 1830927 1830927 0 0 0 0 65004 65004 0 156538 156538 105702 105702 0 0 150157 150157 591583 591583 219057 219057 390936 390936 2699659 2699659 0 366662 366662 294895 294895 0 151275 151275 0 1706947 1706947 476970 476970 22000 22000 Post Default Fee Collected 19276576 19276576 Servicing Fees 4116930 4116930 Leased Employees from FES 5851820 5851820 Rehabitation Discount 6847558 6847558 599172 599172 45920368 45920368 0 0 0 0 87775435 71782932 0 0 12498372 15117412 0 0 0 0 0 0 0 0 0 0 0 83611764 100103138 0 0 0 0 0 0 26793666 36518069 210679237 223521551 2142702 3182505 0 0 5140 5466 0 0 0 0 0 0 0 0 0 0 36191016 35473277 38338858 38661248 X 172340379 184860303 0 0 0 0 172340379 184860303 210679237 223521551 13201304 -681380 X false true X true true true X 86814669 87565611 68862559 84682353 54146233 382071425 2664586 1339578 1617268 2914233 3256005 11791670 0 0 0 89479255 88905189 70479827 87596586 57402238 393863095 0 0 0 393863095 401654 949021 142730 1196176 1719434 4409015 0 401654 949021 142730 1196176 1719434 4409015 0 0 89880909 89854210 70622557 88792762 59121672 398272110 0.98893 0.99250 0.01107 0.00750 X NET ASSETS - FEDERAL FUND 32787220 ACCRUED INTEREST RECEIVABLE 245126 PURCHASED LOANS 82736 OTHER ASSETS 3402987 36518069 0 PAYABLE TO THE US DEPT OF EDU. 32787220 DEFAULT AVERSION FEE REFUND ALLOW. 2686057 35473277 X 57450280 -681380 -681380 58131660 150157 839855 990012 59121672 44930356 -839855 -839855 45770211 150157 150157 45920368 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, 2016 AND 2015, 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 839,855 Schedule D, Part XII, Line 2d PROVISION FOR DEFAULT AVERSION FEE REBATE (839,855) X X X X X X false false false true false false false false false Randall S Heesacker President & CEO 293333 0 75844 0 14392 0 41310 0 17139 0 442018 0 0 0 Brett Lief Director & Consultant 220320 0 0 0 16000 0 0 0 0 0 236320 0 0 0 Jill M Hicks CFO 177584 0 47627 0 912 0 31879 0 6708 0 264710 0 0 0 David A Macoubrie VP Repayment Solutions 171811 0 47627 0 720 0 31788 0 16388 0 268334 0 0 0 William Kohl VP Portfolio Mgmt 135288 0 37181 0 2734 0 28996 0 16250 0 220449 0 0 0 Susan Downing VP Marketing 132181 0 36492 0 720 0 16593 0 17388 0 203374 0 0 0 Michael Lubben VP Business Development 171943 0 53563 0 1572 0 21520 0 17292 0 265890 0 0 0 A Eugene Crump Director 0 0 0 0 7000 11250 0 0 0 0 7000 11250 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, CONFLICTS 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) 11, Type II NA false Educationquest 1300 O street Lincoln NE 68508 311777710 EDU support NE 501(C)(3) 11, Type II FES false false false false false false false false false false false true false false true false true false false false