2016-03-01T16:48:28-06:00 2015-09-30 KPMG LLP 1248 O Street Suite 1120 Lincoln NE 68508 990 2014-10-01 363514573 Nebraska Student Loan Program Inc % Jill M Hicks NEBR 4024796623 PO Box 82507 Lincoln NE 685012507 Jill M Hicks CFO 4024796623 2016-03-01 true David R Zitnick P10257652 4024761216 2014 2016-08-17 19:52:53Z Randall Heesacker PO Box 82507 Lincoln NE 685012507 88792762 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 70479827 87596586 142730 1196176 0 0 70622557 88792762 0 0 0 0 1614327 1867442 0 0 0 54655211 60462851 56269538 62330293 14353019 26462469 184031802 210679237 37474746 38338858 146557056 172340379 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 62330293 0 87596586 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. 62330293 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 27 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 377783 0 56554 Thomas Smith Director 0.4 0.0 X 12000 0 0 A Eugene Crump Director 0.4 0.0 X 12250 0 0 Richard Vierk Chairman 0.4 0.0 X 36050 0 0 Brett Lief Director & Consultant 0.4 0.0 X 228000 0 0 Lynn Callahan Director 0.3 0.0 X 11250 0 0 Guy Saunders Director 0.4 0.0 X 0 0 0 Jill M Hicks CFO 40.0 0.0 X 220451 0 36532 David A Macoubrie VP Repayment Solutions 40.0 0.0 X 211702 0 47605 William Kohl VP Portfolio Mgmt 40.0 0.0 X 172073 0 43929 Susan Downing VP Marketing 40.0 0.0 X 167463 0 33863 Michael Lubben VP Business Development 40.0 0.0 X 223472 0 38496 1672494 0 256979 7 false true false GC Services PO Box 32500 Columbus OH 43232 Collection Services 5830815 Windham Professionals Inc 380 Main Street Salem NH 03079 Collection Services 5532670 Automated Collection Services Inc 2285 Murfreesboro Pike 200 Nashville TN 37217 Collection Services 5509770 Nelnet Guarantee Services 121 South 13th Street Lincoln NE 68508 Loan Servicing 4086611 National Enterprise Systems 29125 Solon Road Solon OH 44139 Collection Services 3778189 10 0 Recovery Revenue 900099 63654939 63654939 ACCOUNT MAINTENANCE FEE 900099 3442901 3442901 Provision for Loan Defaults 900099 17583635 17583635 Federal Default Fee Cost Sharing 900099 878 878 Other Income 900099 2914233 2914233 87596586 1196176 1196176 0 0 0 0 0 0 0 0 0 0 88792762 87596586 1196176 0 0 0 0 1802971 1802971 0 0 0 0 64471 64471 0 185679 185679 175338 175338 0 0 123421 123421 1361901 1361901 276874 276874 458878 458878 2028307 2028307 0 513624 513624 406805 406805 0 148224 148224 0 1808840 1808840 134725 134725 22000 22000 Post Default Fee Collected 25816960 25816960 Servicing Fees 4110360 4110360 Leased Employees from FES 6217033 6217033 Dept of Edu Payable decrease 16237153 16237153 436729 436729 62330293 62330293 0 0 0 0 66342978 87775435 0 0 13873789 12498372 0 0 0 0 0 0 0 0 0 0 0 76873287 83611764 0 0 0 0 0 0 26941748 26793666 184031802 210679237 1805543 2142702 0 0 0 5140 0 0 0 0 0 0 0 0 0 0 35669203 36191016 37474746 38338858 X 146557056 172340379 0 0 0 0 146557056 172340379 184031802 210679237 26462469 -679146 X false true X true true true X 68238806 86814669 87565611 68862559 84682353 396163998 1839610 2664586 1339578 1617268 2914233 10375275 0 0 0 70078416 89479255 88905189 70479827 87596586 406539273 0 0 0 406539273 383353 401654 949021 142730 1196176 3072934 0 383353 401654 949021 142730 1196176 3072934 0 0 70461769 89880909 89854210 70622557 88792762 409612207 0.99250 0.99390 0.00750 0.00610 X ACCRUED INTEREST RECEIVABLE 298626 PURCHASED LOANS 23623666 OTHER ASSETS 2871374 26793666 0 PAYABLE TO THE US DEPT OF EDU. 36190729 FEDERAL DEFAULT FEE PAYABLE 287 36191016 X 70398014 -679146 -7668 -686814 71084828 123421 17584513 17707934 88792762 44614691 -17584513 -17584513 62199204 123421 7668 131089 62330293 Schedule D, Part X, Line 2 FIN 48 FOOTNOTE 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, 2015 AND 2014, 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 2d NSLP Federal Default Fee (7,668) Schedule D, Part XI, Line 4b Federal Default Fee Cost Sharing 878 Provision for Loan Default 17,583,635 Schedule D, Part XII, Line 2d Federal Default Fee Cost Sharing (878) Provision for Loan Default (17,583,635) Schedule D, Part XII, Line 4b NSLP Federal Default Fee 7,668 X X X X X X false false false false false true false false false Randall S Heesacker President & CEO 282624 0 81497 0 13662 0 39979 0 16575 0 434337 0 0 0 Brett Lief Director & Consultant 228000 0 0 0 0 0 0 0 0 0 228000 0 0 0 Jill M Hicks CFO 169782 0 49147 0 1522 0 30624 0 5908 0 256983 0 0 0 David A Macoubrie VP Repayment Solutions 163319 0 47013 0 1370 0 30508 0 17097 0 259307 0 0 0 William Kohl VP Portfolio Mgmt 130879 0 39010 0 2184 0 28176 0 15753 0 216002 0 0 0 Susan Downing VP Marketing 128330 0 38413 0 720 0 16110 0 17753 0 201326 0 0 0 Michael Lubben VP Business Development 167411 0 54669 0 1392 0 20923 0 17573 0 261968 0 0 0 Schedule J, Part I, Line 6 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 NET EARNINGS 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. THE FORM 990 IS PROVIDED TO THE ORGANIZATION'S GOVERNING BODY 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) 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