2017-08-29T13:21:56-05:00 2016-12-31 ERNST & YOUNG US LLP 155 N Wacker Drive Chicago IL 60606 990 2016-01-01 411689095 NORTHSTAR GUARANTEE INC % HOPE MERRY NORT 6082461744 2401 International Lane Madison WI 53704 RICHARD D GEORGE President & CEO 6082461408 2017-08-25 Jacob Zehnder P01564049 3128792000 97.77.198.2 36964520172415000003 2017-08-29 P 65F0DF251A281CAD23E2EB75EB97BBA013C66414 C9DBECFA4D5F977949E071EAE3D03995FD0A4C0E 2016 2021-01-29 14:40:06Z Richard D George 2401 International Lane Madison WI 53704 2997220 false X www.mygreatlakes.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 FEDERAL FAMILY EDUCATION LOAN PROGRAM 7 6 0 0 0 0 0 2350084 2906282 54482 90938 0 0 2404566 2997220 0 0 0 0 36500 37883 0 0 0 902560 1246482 939060 1284365 1465506 1712855 128514880 130316793 118698713 118769931 9816167 11546862 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. false false 1181420 2906282 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. 1181420 true false false false false false false false false false false false false true true false false true false false false false false false false false false false false true false false false false false false false true false false false false false true true true false false true 7 0 true 0 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 6082461754 2401 INTERNATIONAL LANE Madison WI 53704 X David J Hanson 14 Director/Secretary 1.0 2.0 X 0 0 0 Linda Hoeschler 1 Director 1.0 2.0 X 8450 8450 0 Alex J Pollock 1 Director 1.0 2.0 X 8450 8450 0 Richard A Weiss 1 Director 1.0 2.0 X 6900 13800 0 Joan Prince 1 Director 1.0 2.0 X 8450 8450 0 Richard D George 23 Chairman/PRES/CEO/Treasurer 1.0 59.0 X X 0 841770 65947 Mary Burke 1 Director 1.0 2.0 X 5633 11267 0 Rebecca Rapp 3 General Counsel/Asst Secretary 1.0 49.0 X 0 256500 57398 37883 1148687 123345 0 false true false NONE 0 0 LOAN INTEREST INCOME 900099 2906282 2906282 2906282 90938 90938 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 2997220 2906282 90938 0 0 0 0 37883 37883 0 0 0 0 0 0 5633 5633 6025 6025 0 0 0 0 0 22269 22269 0 0 0 5190 5190 0 0 0 0 0 0 CONSOLIDATED INT. REBATE FEE 654689 654689 PROVISION - LENDER LOAN LOSS 340188 340188 SERVICING FEES 164274 164274 CORPORATE SUPPORT 48000 48000 214 214 1284365 1181420 102945 0 282 530 63123535 47427000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 65391063 82889263 128514880 130316793 8650 6025 0 0 0 0 0 0 0 0 0 0 0 0 0 0 118690063 118763906 118698713 118769931 X 9816167 11546862 0 0 0 0 9816167 11546862 128514880 130316793 1712855 17840 X false true X true X 0 0 0 0 0 0 3708658 3106367 2680888 2350084 2906282 14752279 0 0 0 3708658 3106367 2680888 2350084 2906282 14752279 0 0 0 14752279 5312 20086 25615 54482 90938 196433 0 5312 20086 25615 54482 90938 196433 0 0 3713970 3126453 2706503 2404566 2997220 14948712 0.98686 0.99130 0.01314 0.00870 X STUDENT LOANS RECEIVABLE 79892406 INTEREST RECEIVABLE 2405239 DUE FROM SERVICER 503023 MISCELLANEOUS RECEIVABLE 88595 82889263 0 INTERCOMPANY PAYABLE 18147 LENDER FUNDING CONTRIBUTION TR 118419274 CONSOLIDATED LOAN FEE PAYABLE 54439 INTEREST PAYABLE 259224 SERVICING FEES PAYABLE 12822 118763906 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 Great Lakes Higher Education Corporation (Related Entity). false true false false false false false false false Richard D George 23 Chairman/PRES/CEO/Treasurer 0 310913 0 315585 0 215272 0 44845 0 21102 0 907717 0 0 Rebecca Rapp 3 General Counsel/Asst Secretary 0 125637 0 130585 0 278 0 33254 0 24144 0 313898 0 0 Supplemental Compensation Information The following individual participated in a supplemental nonqualified retirement plan: Richard George. There were no new payments into the plan. The supplemental nonqualified plan (optionit plan) was in effect for four years (1998-2001), awarded in each of the subsequent years (1999-2002) and was offered by the employer to management and staff for retention purposes. Per the terms of the plan, withdrawals are required no later than fifteen years after the initial award date. GREAT LAKES EDUCTNL LOAN SVCSINC CONTROL ENT/OFFICER OVERLAP 163407 SERVICING FEES PAID TO GLELSI false GREAT LAKES EDUCTNL LOAN SVCSINC CONTROL ENT/OFFICER OVERLAP 2273 INTERCOMPANY REIMB. TO GLELSI false Description of Transactions: Great Lakes Educational Loan Services,Inc. is a for-profit subsidiary of Great Lakes Higher Education Corporation. Richard D. George serves as the Chairman and Treasurer, and the President and CEO of Northstar Guarantee Inc. He also serves as the Chairman of Great Lakes Educational Loan Services, Inc. PART VI, QUESTION 6 AND 7A Great Lakes Higher Education Corporation, 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 Great Lakes Higher Education Corporation, 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, QUESTION 19 Availability of governing documents, conflict of interest policy, and financial statements to general public; federal tax law does not require that 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. (4) Board compensation is applied to firm retainer for outside counsel services. Great Lakes Higher Education Corporation 2401 International Lane Madison WI 53704 391090394 stdnt ln svcs WI 501(c)(3) 12B Type II NA false Great Lakes Higher Educ Guaranty Corp 2401 International Lane Madison WI 53704 391853833 gty stdnt lns WI 501(c)(3) 10 GLHEC true Great Lakes Educational Loan Svcs Inc 2401 International Lane Madison WI 53704 391864035 Student Loan WI NA C corp 0 0 true false false false false false false false false false false false false true false false true false false false Great Lakes Educational Loan Services Inc M 163407 Actual Cost