2014-02-15T13:05:30-06:00 2013-09-30 390859910 BAKER TILLY VIRCHOW KRAUSE LLP 225 S 6TH ST STE 2300 MINNEAPOLIS MN 55402 990 2012-10-01 411961427 NORTHSTAR EDUCATION FINANCE INC NORT 8665626672 930 BLUE GENTIAN ROAD NO 100 EAGAN MN 551211678 RICHARD NIGON 8665626672 2014-02-10 1 LAWRENCE H MOHR CPA P00447603 6128764500 2012 2015-11-30 17:44:51Z X RICHARD NIGON 930 BLUE GENTIAN ROAD NO 100 EAGAN MN 551211678 113955498 0 X WWW.NORTHSTAR.ORG X 2000 DE TO FOSTER, AID, ENCOURAGE AND ASSIST THE PURSUIT OF HIGHER EDUCATION. 7 4 1 0 0 0 0 0 117489173 109851123 152838 4097729 0 6646 117642011 113955498 0 0 0 0 138982 140865 0 0 0 95767237 96568006 95906219 96708871 21735792 17246627 4532934422 4182875674 4350044566 3982739191 182889856 200136483 X TO FOSTER, AID, ENCOURAGE AND ASSIST THE PURSUIT OF HIGHER EDUCATION. IN SUPPORTING THIS MISSION, NEF'S PRIMARY CHARITABLE GOALS ARE TO (A) CONTINUE SERVICING ITS OUTSTANDING STUDENT LOANS; (B) CONTINUE TO PROVIDE EDUCATION AND ASSISTANCE TO STUDENT BORROWERS TO ENABLE THEM TO SUCCESSFULLY REPAY THEIR LOANS; (C) MANAGE ITS FINANCINGS AS NECESSARY TO MAXIMIZE THE T.H.E. BONUS PAID TO STUDENT BORROWERS; AND (D) MAKE GRANTS TO OTHER ORGANIZATIONS IN FURTHERANCE OF ITS EDUCATIONAL MISSION 0 0 94842845 109857769 MANAGED APPROXIMATELY 233,000 STUDENT LOANS WITH OUTSTANDING BALANCES TOTALING APPROXIMATELY $3,907,000,000, AS WELL AS A SERIES OF STUDENT LOAN ASSET-BACKED NOTES TOTALING APPROXIMATELY $3,962,000,000. TO THE BEST OF THE KNOWLEDGE AND BELIEF OF THE TAXPAYER'S OFFICERS, THE BENEFITS AND INTEREST RATES THAT IT PROVIDES TO STUDENT BORROWERS ARE SUBSTANTIALLY MORE FAVORABLE TO STUDENT BORROWERS THAN THE BENEFITS AND INTEREST RATES PROVIDED BY FOR-PROFIT LENDERS. 94842845 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 54 0 1 1 0 0 0 0 0 0 0 0 0 0 X 7 4 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MN X JOHN SCHWINGLER - EXT 3532 8885025902 930 BLUE GENTIAN ROAD STE 100 EAGAN MN 551211678 JUDITH MARES 1.00 X 18000 0 0 CLYDE NELSON 1.00 X X 19491 0 0 RICHARD NIGON 1.00 X X 50000 0 0 ANITA PAMPUSCH 1.00 X 16000 0 0 JAYNE KHALIFA 1.00 X 16000 0 0 TIM PENNY 1.00 X 18000 0 0 SARAH DUNIWAY 1.00 X 0 0 0 137491 0 0 0 0 0 0 NORTHSTAR CAPITAL MARKETS SERVICES INC 1021 OLD YORK ROAD ABINGTON PA 19001 MANAGEMENT SERVICES 21232075 RBC CAPITAL MARKETS 2398 E CAMELBACK ROAD SUITE 700 PHOENIX AZ 85016 UNDERWRITING/ CREDIT SERVICES 4739820 GREAT LAKES HIGHER EDUCATIONAL LOAN SERV 2401 INTERNATIONAL LANE MADISON WI 53704 LOAN SERVICING 3004778 CITIBANK 388 GREENWICH STREET 19TH FL NEW YORK NY 10013 CREDIT SERVICES 2837266 CHAPMAN AND CUTLER 111 WEST MONROE STREET CHICAGO IL 60603 LEGAL FEES 527524 12 LOAN INTEREST INCOME 525990 108270549 108270549 DEFAULT COLLECTION 525990 1316447 1316447 MOHELA FEE REVENUE 525990 264127 264127 109851123 111020 111020 3986709 0 3986709 3986709 3986709 OTHER REVENUE 900099 6646 6646 6646 113955498 109857769 0 4097729 140865 140865 204480 204480 116610 116610 63012 63012 753 753 8022 8022 31821651 31821651 1183626 1183626 100518 100518 LOAN SERVICING & CONS. 48264749 48264749 PVT.& FED. LOAN DEFAULT 6661132 6661132 DEBT FINANCING FEES 4180183 4180183 T.H.E. BONUS EXPENSE 3419753 3419753 543517 495377 48140 96708871 94842845 1866026 0 17811512 184375 125875570 133008264 9201237 9936660 4207201874 4025725372 56155 66650 172788074 13954353 4532934422 4182875674 23066055 18218668 4325277538 3962023808 1700973 2496715 4350044566 3982739191 X 182889856 200136483 182889856 200136483 4532934422 4182875674 17246627 0 X X 0 1 X 1 0 X 225004292 178095343 142162313 117489173 109857769 772608890 225004292 178095343 142162313 117489173 109857769 772608890 16438 15419 8375 40232 0 16438 15419 8375 40232 772568658 1683175 409482 259934 152838 111020 2616449 1683175 409482 259934 152838 111020 2616449 226687467 178504825 142422247 117642011 109968789 775225339 0.99660 0.98940 0.00340 0.01050 X 8000000 8000000 1.00000 0 0 0 LAWSUIT RELATED LIABILITIES 2496715 2496715 X 113437563 0 113437563 517935 517935 113955498 96190936 0 96190936 517935 517935 96708871 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE BOARD-DESIGNATED ENDOWMENT FUND WAS ESTABLISHED TO SUPPORT THE ORGANIZATION'S GRANT-MAKING ACTIVITIES. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: MANAGEMENT ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES BASED ON A THRESHOLD OF MORE-LIKELY THAN-NOT FOR RECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE COMPANY HAS NO UNCERTAIN TAX POSITIONS MEETING THE THRESHOLD. FEDERAL RETURNS FOR THE TAX YEARS ENDED 2009, 2010, 2011 AND 2012 REMAIN SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE. PART XI, LINE 4B - OTHER ADJUSTMENTS: MISSOURI HIGHER EDUCATION LOAN AUTHORITY (MOHELA) SERVICING EXPENSES 495,377. OTHER EXPENSES 22,558. PART XII, LINE 4B - OTHER ADJUSTMENTS: MISSOURI HIGHER EDUCATION LOAN AUTHORITY (MOHELA) SERVICING EXPENSES 495,377. OTHER EXPENSES 22,558. FORM 990, PART VI, SECTION A, LINE 3 PURSUANT TO AMENDED AND RESTATED SUBSERVICING AGREEMENT BETWEEN NORTHSTAR EDUCATION FINANCE, INC. AND NORTHSTAR EDUCATION SERVICES, LLC ("NES") DATED OCTOBER 25, 2012, NES IS PERFORMING CERTAIN MANAGEMENT RESPONSIBILITIES ON BEHALF OF NORTHSTAR EDUCATION FINANCE, INC. FORM 990, PART VI, SECTION B, LINE 11 IN CONJUNCTION WITH ITS EXTERNAL ACCOUNTING FIRM AND THE AUDIT COMMITTEE OF THE BOARD, ALL THE INFORMATION ON THE FORM 990 ARE RECONCILED TO THE GAAP AUDITED FINANCIAL STATEMENTS AND THE VARIOUS FORM 990 QUESTIONS REVIEWED FOR COMPLETENESS. THE ENTIRE BOARD REVIEWS AND APPROVES THE FORM 990 BEFORE FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION HAS AN ANNUAL REVIEW OF THE CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION FOR THE ORGANIZATION'S PRESIDENT AND CEO AND ALL OTHER OFFICERS IS APPROVED BY THE BOARD WITHOUT THE PARTICIPATION OF THE INTERESTED INDIVIDUALS AND BASED UPON COMPARABLE DATA. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS ARE AVAILABLE ON THE ORGANIZATION'S WEBSITE AT WWW.NORTHSTAR.ORG. THE ORGANIZATION DOES NOT MAKE ITS GOVERNING DOCUMENTS OR CONFLICT OF INTEREST POLICY AVAILABLE UNLESS REQUIRED BY LAW. FORM 990, PART XII, LINE 2C THE ORGANIZATION DID NOT CHANGE ITS OVERSIGHT OR SELECTION PROCESS FOR THE AUDIT OF ITS FINANCIAL STATEMENTS. NORTHSTAR EDUCATION FUNDING I LLC 930 BLUE GENTIAN ROAD 100 EAGAN MN 55121 FINANCING HIGHER EDUCATION DE 6676 0 NORTHSTAR EDUCATION FINANCE INC NORTHSTAR THE FUNDING III LLC 930 BLUE GENTIAN ROAD 100 EAGAN MN 55121 FINANCING HIGHER EDUCATION DE 17823 0 NORTHSTAR EDUCATION FINANCE INC