2015-03-02T10:16:36-06:00 2014-09-30 KPMG LLP 233 South 13th St Suite 1600 Lincoln NE 68508 990 2013-10-01 363514573 Nebraska Student Loan Program INC % Jill M Hicks NEBR 4024796623 PO Box 82507 Suite Lincoln NE 685012507 Jill M Hicks CFO 4024796623 2015-02-27 true Donald Neal Jr P00798244 4024796623 2013 2016-02-25 16:41:14Z Randall Heesacker PO Box 82507 Lincoln NE 685012507 70622557 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 88905189 70479827 949021 142730 0 0 89854210 70622557 0 0 0 0 1754309 1614327 0 0 0 62226973 54655211 63981282 56269538 25872928 14353019 173847372 184031802 42286115 37474746 131561257 146557056 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 56269538 0 70479827 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. 56269538 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 315260 0 56272 Thomas Smith Director 0.3 0.0 X 11250 0 0 A Eugene Crump Director 0.4 0.0 X 12500 0 0 Richard Vierk Chairman 0.4 0.0 X X 31250 0 0 Brett Lief Director & Consultant 0.4 0.0 X 222000 0 0 Lynn Callahan Director 0.5 0.0 X 1500 0 0 Jill M Hicks CFO 40.0 0.0 X 189622 0 36396 David A Macoubrie VP Repayment Solutions 40.0 0.0 X 182279 0 46313 William Kohl VP Portfolio Mgmt 40.0 0.0 X 152812 0 43667 Susan Downing VP Marketing 40.0 0.0 X 149532 0 28250 Michael Lubben VP Business Development 40.0 0.0 X 203836 0 24339 Douglas R Seipelt Outgoing Chairman/Director 0.5 0.0 X 40750 0 0 1512591 0 235237 7 true true false Windham Professionals Inc 380 Main Street Salem NH 03079 Collection Services 9816241 GC Services PO BOX 32500 Columbus OH 43232 Collection Services 8302375 Automated Collection Services Inc 2285 Murfreesboro Pike 200 Nashville TN 37217 Collection Services 7114830 Nelnet Guarantee Services 121 South 13th Street Lincoln NE 68508 Loan Servicing 3869008 National Enterprise Systems 29125 Solon Road Solon OH 44139 Collection Services 2976080 13 0 Recovery Revenue 900099 64985987 64985987 Account Mainenance Fee 900099 3864855 3864855 Default aversion fee 900099 5459 5459 Federal Default Fee Cost Sharing 900099 6258 6258 Other Income 900099 1617268 1617268 70479827 142730 142730 0 0 0 0 0 0 0 0 0 0 70622557 70479827 142730 0 0 0 0 1553717 1553717 0 0 0 0 60610 60610 0 139574 139574 87265 87265 0 0 460274 460274 5314356 5314356 406832 406832 404083 404083 2071091 2071091 0 456162 456162 497541 497541 0 198617 198617 0 1857280 1857280 389084 389084 19889 19889 Post default fee collected 27455637 27455637 servicing fees 4072461 4072461 LEASED EMPLOYEES FROM FES 5857917 5857917 PROVISION FOR DEFAULT 2288432 2288432 2678716 2678716 56269538 56269538 0 0 0 0 58613762 66342978 0 0 18655842 13873789 0 0 0 0 0 0 0 0 0 0 0 71383345 76873287 0 0 0 0 0 0 25194423 26941748 173847372 184031802 3209404 1805543 0 0 0 0 0 0 0 0 0 0 0 0 0 0 39076711 35669203 42286115 37474746 X 131561257 146557056 0 0 0 0 131561257 146557056 173847372 184031802 14353019 642780 X false true X true true true X 69194132 68238806 86814669 87565611 68862559 380675777 134897 1839610 2664586 1339578 1617268 7595939 0 0 0 69329029 70078416 89479255 88905189 70479827 388271716 0 0 0 388271716 497276 383353 401654 949021 142730 2374034 0 497276 383353 401654 949021 142730 2374034 0 0 69826305 70461769 89880909 89854210 70622557 390645750 0.99392 0.99028 0.00608 0.00972 X ACCRUED INTEREST RECEIVABLE 150693 PURCHASED LOANS 25555422 OTHER ASSETS 1235633 26941748 0 PAYABLE TO THE US DEPT OF EDU. 35667609 UNEARNED REVENUE 1504 FEDERAL DEFAULT FEE RECEIVABLE 90 35669203 X 71239183 642780 642780 70596403 26154 26154 70622557 56243384 56243384 26154 26154 56269538 FIN 48 FOOTNOTE SCHEDULE D, PART X 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, 2014 and 2013, 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 NSLP FEDERAL DEFAULT FEE 14,437 FEDERAL DEFAULT FEE COST SHARING RECLASS 6,258 DEFAULT AVERSION FEE RECLASS 5,459 SCHEDULE D, PART XII, LINE 4B NSLP FEDERAL DEFAULT FEE 14,437 FEDERAL DEFAULT FEE COST SHARING RECLASS 6,258 DEFAULT AVERSION FEE RECLASS 5,459 X X X X X X false false false false false true false false false Randall S Heesacker President & CEO 272949 0 27849 0 14462 0 41974 0 14298 0 371532 0 0 0 Jill M Hicks CFO 160618 0 28284 0 720 0 30147 0 6249 0 226018 0 0 0 David A Macoubrie VP Repayment Solutions 153591 0 27968 0 720 0 30036 0 16277 0 228592 0 0 0 William Kohl VP Portfolio Mgmt 128000 0 23180 0 1632 0 27922 0 15745 0 196479 0 0 0 Susan Downing VP Marketing 126062 0 22750 0 720 0 14275 0 13975 0 177782 0 0 0 Michael Lubben VP Business Development 162924 0 40000 0 912 0 9479 0 14860 0 228175 0 0 0 Douglas R Seipelt Outgoing Chairman/Director 40750 0 0 0 0 0 0 0 0 0 40750 0 0 0 Brett Lief Director & Consultant 222000 0 0 0 0 0 0 0 0 0 222000 0 0 0 Part I - Line 6a 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. MEMBERS Part VI, Line 6 & 7A 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. Review of the Form 990 Part VI, SECTION B, Line 11b 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. Conflict of Interest Policy Part VI, SECTION B, Line 12c 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. PROCESS FOR DETERMINING COMPENSATION Part VI, SECTION B, Line 15a 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. PUBLIC AVAILABILITY OF DOCUMENTS, POLICIES, AND FINANCIAL STATEMENTS Part VI, SECTION C, Line 19 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