2013-04-15T10:04:29-05:00 2012-09-30 KPMG LLP 233 South 13th St Suite 1600 Lincoln NE 68508 990 2011-10-01 363514573 Nebraska Student Loan Program Inc % JILL M HICKS NEBR 4024796623 PO Box 82507 Lincoln NE 685012507 JILL M HICKS 2013-04-12 true 4024761216 2011 2016-03-07 17:11:31Z Randall Heesacker PO Box 82507 Lincoln NE 685012507 89880909 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 7 0 0 0 0 69092215 89479255 383353 401654 986201 0 70461769 89880909 0 0 0 0 1589771 1773978 0 0 0 50108224 71487281 51697995 73261259 18763774 16619650 143844652 153826578 55474287 48944197 88370365 104882381 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 73261259 0 89479255 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. 73261259 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 true true false false false false true 40 0 true 7 true false false false false false false false false false false X 6 4 false false true 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 40.0 X X 326748 0 51709 A EUGENE CRUMP 1.0 X 13000 DOUGLAS R SEIPELT 2.0 X X 34250 THOMAS SMITH 1.0 X 12250 Richard Vierk 1.0 X 12750 BRETT LIEF 1.0 X 92500 JILL M HICKS 40.0 X 177259 0 34899 Janet H Dodson 40.0 X 118165 0 84700 WILLIAM L KOHL 40.0 X 144462 0 42319 DAVID A MACOUBRIE 40.0 X 169971 0 37333 TODD N WOODLEE 40.0 X 173194 0 34766 SUSAN RIEDMAN 40.0 X 86999 0 5815 1361548 0 291541 6 false true false WINDHAM PROFESSIONALS INC 380 MAIN ST SALEM NH 03079 COLLECTION SERVICES 8121487 NELNET GUARANTEE SERVICES 121 SOUTH 13TH STREET LINCOLN NE 68508 LOAN SERVICING 3500000 AUTOMATED COLLECTION SERVIES INC 2285 MURFREESBORO PIKE 200 NASHVILLE TN 37217 COLLECTION SERVICES 4799904 GC SERVICES PO BOX 32500 COLUMBUS OH 43232 COLLECTION SERVICES 5924257 ACCOUNT CONTROL TECHNOLOGIES 6918 OWENSMOUTH AVENUE CANOGA PARK CA 91303 COLLECTION SERVICES 2716962 12 0 RECOVERY REVENUE 900099 67844040 67844040 ACCOUNT MAINTENANCE FEE 900099 4840826 4840826 PROVISION FOR DEFAULT AVERSION FEE REBATE 900099 119590 119590 DEFAULT AVERSION FEE 900099 1201386 1201386 NSLP FDF COST 900099 13195 13195 15460218 15460218 89479255 401654 401654 0 0 0 0 0 0 0 89880909 89479255 401654 0 0 0 0 1697854 1697854 0 0 0 0 0 0 76124 76124 0 0 0 212928 212928 0 0 73265 73265 0 0 0 0 39744 39744 0 0 8456015 8456015 0 0 1139783 1139783 0 0 553853 553853 0 0 2052424 2052424 0 0 0 363368 363368 0 0 560232 560232 0 0 0 227229 227229 0 0 0 1663119 1663119 0 0 545944 545944 0 0 9000 9000 0 0 COLLECTION FEES 29092987 29092987 PROVISION FOR LOAN DEFAULTS 11418340 11418340 LEASED EMPLOYEES FROM FES 7809446 7809446 SERVICING FEES 3500000 3500000 3769604 3769604 73261259 73261259 0 0 0 0 66017686 60808091 0 0 27079853 15680729 0 0 0 0 0 0 0 0 0 0 0 26343307 52796975 0 0 0 0 0 0 24403806 24540783 143844652 153826578 4718875 4215401 0 0 0 0 0 0 0 0 0 0 0 0 0 0 50755412 44728796 55474287 48944197 X 88370365 104882381 0 0 0 0 88370365 104882381 143844652 153826578 X 16619650 -107634 X false true true X true true X 42434558 52598245 69329029 70078416 89479255 323919503 42434558 52598245 69329029 70078416 89479255 323919503 323919503 1864623 993748 497276 383353 401654 4140654 1864623 993748 497276 383353 401654 4140654 44299181 53591993 69826305 70461769 89880909 328060157 0.98738 0.97896 0.01262 0.02104 X PURCHASED LOANS 22581211 OTHER ASSETS 1849225 ACCRUED INTEREST RECEIVABLE 110347 24540783 0 ACCRUED PENSION LIABILITY 2369514 FEDERAL DEFAULT FEE LIABILITY 122365 US DEPT OF ED FUND LIABILITY 42236917 44728796 89880909 73261259 16619650 -107634 -107634 16512016 75615099 -107634 -107634 75722733 14158176 14158176 89880909 59103083 59103083 14158176 14158176 73261259 SCHEDULE D, PART X 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, 2012 and 2011, there were no uncertain tax positions. Accordingly, no provision for income taxes has been included in the accompanying financial statements. SCHEDULE D, PART XII LINE 4B RECLASS DEFAULT AVERSION FEE 1,201,386 RECLASS DECREASE IN PAYABLE TO US DPMT OF EDU 12,795,632 NSLP FEDERAL DEFAULT COST SHARE 13,195 PROVISION FOR DEFAULT AVERSION FEE REBATE RECLASS 119,590 RECLASS FEDERAL DEFAULT FEE 28,373 SCHEDULE D, PART XIII LINE 4B RECLASS DEFAULT AVERSION FEE 1,201,386 RECLASS DECREASE IN PAYABLE TO US DPMT OF EDU 12,795,632 NSLP FEDERAL DEFAULT COST SHARE 13,195 PROVISION FOR DEFAULT AVERSION FEE REBATE RECLASS 119,590 RECLASS FEDERAL DEFAULT FEE 28,373 X X X X X X false false false true false true false false false RANDALL S HEESACKER 266827 0 59369 0 552 0 36566 0 15143 0 378457 0 0 0 JILL M HICKS 150802 0 26097 0 360 0 29109 0 5790 0 212158 0 0 0 Janet H Dodson 99190 0 17909 0 1066 0 74047 0 10653 0 202865 0 0 0 WILLIAM L KOHL 121646 0 21544 0 1272 0 27931 0 14388 0 186781 0 0 0 DAVID A MACOUBRIE 143807 0 25804 0 360 0 22035 0 15298 0 207304 0 0 0 TODD N WOODLEE 149135 0 23699 0 360 0 25025 0 9741 0 207960 0 0 0 Part I - Line 5a & 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. CONFLICTS OF INTEREST POLICY PART VI, SECTION B, 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. FORM 990 PROVIDED TO THE ORGANIZATION'S GOVERNING BODY BEFORE IT WAS FILED PART VI, SECTION B, 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. PROCESS FOR DETERMINING COMPENSATION PART VI, SECTION B, 15 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, 19 NSLP DOES NOT MAKE THEIR GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, OR FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. MEMBERS Part VI, Line 6 and 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. RECONCILIATION OF NET ASSETS PAGE 12, LINE 5 UNREALIZED GAINS(LOSSES) -($107,634) CHANGE TO GOVERNING DOCUMENTS PART VI, SECTION A, LINE 4 The organization filed Amended and Restated Articles of Incorporation with the Nebraska Secretary of State's office on April 21, 2009 in order to restate the purposes in which the organization may conduct business pursuant to state and federal law. EC GROUP LLC PO BOX 82507 LINCOLN NE 68501 452634668 SEE PART VII NE 2388872 0 NA FOUNDATION FOR EDUCATIONAL SERVICES INC PO BOX 82552 LINCOLN NE 68501 470703499 SUPPORT ORG NE 501(C)(3) L11,TYPE II NA false EDUCATIONQUEST 1300 O STREET LINCOLN NE 68508 311777710 EDU SUPPORT NE 501(C)(3) L11,TYPE II FES false false false false false false false false false false true false false true false true false false false SCHEDULE R, PART I EC GROUP, LLC ASSISTS HIGHER EDUCATION INSTITUTIONS TO FACILITATE FINANCIAL AID.