2015-07-29T09:59:02-05:00 2014-09-30 850450765 Urbielewicz Murphree CPAs PC 2469 Corrales Road Suite A-5 Corrales NM 87048 990 2013-10-01 850291314 New Mexico Student Loan Guarantee Corporation NEWM 5057612040 PO Box 92230 Albuquerque NM 871992230 Brad Allpass Vice President of Finance 5057612040 2015-07-29 1 Karen Urbielewicz CPA P00228679 5058977382 2013 2016-03-07 17:11:31Z New Mexico Student Loans Michael Nemelka PO Box 92230 Albuquerque NM 871992230 4645911 0 X www.nmslgc.org X 1981 NM New Mexico Student Loan Guarantee Corporation is a loan guarantee organization providing quality financial services and cultivating strong professional relationships to encourage and assist in the pursuit of higher education, thus enhancing the quality of life and future success of our stakeholders. 3 3 12 0 0 0 0 0 3993835 4626724 5936 19187 0 0 3999771 4645911 0 0 0 0 1011685 1132601 0 0 0 2490849 2498184 3502534 3630785 497237 1015126 14363857 15309154 3288344 3218515 11075513 12090639 X New Mexico Student Loan Guarantee Corporation is a loan guarantee organization providing quality financial services and cultivating strong professional relationships to encourage and assist in the pursuit of higher education, thus enhancing the quality of life and future success of our stakeholders. 0 0 721770 The Guarantee Corporation receives regulatory fees for participation in the Federal Family Educational Loan Program (FFELP). 2646978 3904954 Student Loan Programs: Under the Federal Family Educational Loan Program (FFELP)-the Guarantee Corporation is required to collect on defaulted loans. 540394 Student Loan Programs: Under the Federal Family Educational Loan Program (FFELP)- the Guarantor pays lender claims on defaulted loans. 3187372 1 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 2 0 12 1 0 0 0 0 0 0 0 0 X 3 3 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NM X X Brad Allpass 5057612063 7400 Tiburon NE Albuquerque NM 87109 X Dion Kidd-Johnson Director/Chair 5.00 X 0 0 0 Elwood Farber Director 5.00 X X 0 0 0 Pauline Garcia Director/NMEAF Chair 5.00 X 0 0 0 Brad Allpass Vice President of Finance 10.00 X 0 166098 0 Grace Tackman Assistant Vice President 10.00 X 0 96975 0 Michael Nemelka President 10.00 X 0 137122 0 Elwood Farber Former President 10.00 X 0 280768 0 0 680963 0 0 1 1 0 NCOOSI Collection Agency PO Box 935 Brookfield WI 530080935 Collection Services for Defaulted Loans 632300 DCS Collection Agency 333 North Canyon Parkway Livermore CA 94551 Collection Services for Defaulted Loans 604937 New Mexico Educational Assistance Founda 7400 Tiburon NE Albuquerque NM 87109 Building Space, Clerical and Technical 583458 AESPHEAA PO Box 64849 Baltimore MD 21264 Program System and Maintenance 353245 Premiere Collection Agency 2002 N Wellesley Blvd Indianapolis IN 46219 Collection Services for Defaulted Loans 316111 5 Retained Collections f 522200 3859150 3859150 Account Maintenance an 522200 721770 721770 Default Aversion Servi 522200 45804 45804 4626724 19187 19187 4645911 4626724 0 19187 X 132881 132881 767315 643022 124293 46745 38044 8701 138654 91115 47539 47006 39238 7768 23548 23548 2118492 2115992 2500 93499 84463 9036 44872 26765 18107 69961 50372 19589 14621 1092 13529 81 81 27790 27790 Default Loss Provision 97188 97188 Business Recovery Expen 8132 8132 3630785 3187372 443413 0 11652032 10552478 1702562 1743273 9263 13403 1000000 3000000 14363857 15309154 860153 935709 2428191 2282806 3288344 3218515 X 10161061 11167570 914452 923069 11075513 12090639 14363857 15309154 1015126 0 X X 0 1 X 1 1 1 X 4502278 2286016 2681930 3991907 4580920 18043051 4502278 2286016 2681930 3991907 4580920 18043051 0 0 0 18043051 10587 6636 5705 5936 19187 48051 10587 6636 5705 5936 19187 48051 4512865 2292652 2687635 3997843 4600107 18091102 0.99730 0.99710 0.00270 0.00290 X 0 Bank of Oklahoma Long Term CD 3000000 C 3000000 Default Reserves 2282806 2282806 4645911 0 4645911 0 4645911 3630785 0 3630785 0 3630785 X X X X 0 0 0 0 0 0 0 0 0 Brad Allpass Vice President of Finance 0 157441 0 7762 0 895 0 0 0 0 0 166098 0 0 Elwood Farber Former President 0 262746 0 18022 0 0 0 0 0 0 0 280768 0 0 Form 990, Part VI, Section B, line 11 NMSLGC's process to review Form 990. After the independent accountants have prepared the Form 990, it is sent to the Accounting Department of NMSLGC where it is reviewed. The Form 990 is then reviewed by the Vice President of Finance. All changes are then forwarded to the independent accountant. When completed the Form 990 is reviewed again and the Vice President of Finance sends a copy to the members of the governing body to comment. After all comments are reviewed and final changes made, the Vice President of Finance will allow the independent accountant to electronically file the Form 990. Form 990, Part VI, Section B, line 12c To guard against situations involving a conflict of interest, all directors, officers and employees will receive a copy of New Mexico Student Loans' (NMSL) "Code of Conduct" and must complete and sign an annual disclosure statement identifying his or her business and/or property and financial interests in any organization that has or is interested in having any contract with NMSL. Additionally, directors, officers and employees are prohibited from using his/her official status to interfere with a public election, solicit or coerce contributions for political purposes, or use organizational funds for a political candidate. An employee who wishes to become a candidate for public office must have Board approval. Any conflict of interest for a director, officer, employee, or family members thereof with regards to a financial interest or business dealing (unless with a division of the State of New Mexico) must be disclosed at Board meetings. These dealing are to be reflected in the minutes. Form 990, Part VI, Section B, line 15 The President's salary is set by analyzing competitors' salaries annually. The compensation is enumerated by contract and discussed by the Board in executive session. Deliberations are documented in the minutes and suported by a performance evaluation. Employee's salaries are set by analyzing competitors' salaries annually. The compensation is enumerated by an approved salary structure within set ranges. Deliberations by upper management are documented with a performance evaluation. Raise pools and total salaries expense is reviewed and approved by the Board. Form 990, Part VI, Section C, line 19 NMSLGC posts the audited financial statements on their website. Audited financial statements are sent to Dun and Bradstreet and are available through that website as well. Copies of the audited financials and notes are available at request. Governing documents and internal policies are not made available to the public at this time. Form 990, Part VI, Section B, Line 15a and b Form W-2, Box 5 does not include Employee Deductions which were removed pre-tax. The amount reported on Form 990, Part VII and Schedule J include these Employee Deductions. Form 990, Part VII Officers spend an estimated average of 10 hours a week devoted to NMSLGC for which compensation was reported in columns (E) and (F). Form 990, Part IX, line 11g Service Fees: Program service expenses 468,992. Management and general expenses 0. Fundraising expenses 0. Total expenses 468,992. Collection Agency Expense: Program service expenses 1,558,723. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,558,723. Registration, Subscriptions and Dues: Program service expenses 0. Management and general expenses 1,530. Fundraising expenses 0. Total expenses 1,530. Outside services: Program service expenses 87,642. Management and general expenses 970. Fundraising expenses 0. Total expenses 88,612. Default Prevention Expense: Program service expenses 635. Management and general expenses 0. Fundraising expenses 0. Total expenses 635. Form 990, Part XII, Line 2c There has been no change in the process for oversight of the audit or selection of an independent auditor. New Mexico Educational Assistance Foundation 7400 Tiburon NE Albuquerque NM 87109 850291313 FFELP Student Loan Lender NM 501(c)(3) Line 9 N/A 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 1 0 0 0 New Mexico Educational Assistance Foundation K 79147 Expenses New Mexico Educational Assistance Foundation M 348555 Expenses New Mexico Educational Assistance Foundation P 463994 Expenses