2013-05-10T11:45:20-05:00 2012-09-30 850450765 Urbielewicz Murphree CPAs PC 4940 Corrales Road Suite 200 Corrales NM 87048 990 2011-10-01 850291314 New Mexico Student Loan Guarantee Corporation NEWM 5057612040 PO Box 92230 Albuquerque NM 871992230 Brad Allpass 5057612040 2013-05-10 1 Tiffani Luna CPA P00852702 5058977382 2011 2016-02-24 21:20:13Z New Mexico Student Loans Elwood Farber PO Box 92230 Albuquerque NM 871992230 2687837 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 10 0 0 0 0 0 2286016 2682132 6636 5705 0 0 2292652 2687837 0 0 0 0 1201855 1002167 0 0 0 1839795 2546982 3041650 3549149 -748998 -861312 14409865 13524035 2970277 2945759 11439588 10578276 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 45572 599294 The Guarantee Corporation receives regulatory fees for participation in the Federal Family Educational Loan Program (FFELP). 1443422 2082838 Student Loan Programs: Under the Federal Family Educational Loan Program (FFELP)- The Guarantee Corporation is required to collect on defaulted loans. 1386315 Student Loan Programs: Under the Federal Family Educational Loan Program (FFELP)- The Guarantor pays lender claims on defaulted loans. 2875309 1 0 0 0 0 0 0 0 0 0 0 0 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 0 1 1 0 10 1 0 0 0 0 0 0 0 0 0 0 X 3 3 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 NM X X Brad Allpass 5057612063 7400 Tiburon NE Albuquerque NM 87109 X Maria Griego-Raby 5.00 X 0 0 0 Dion Kidd-Johnson 5.00 X 0 0 0 Paul Weaver 5.00 X 0 0 0 Elwood Farber 10.00 X 0 285485 28725 Brad Allpass 10.00 X 0 156714 11898 Grace Tackman 10.00 X 0 68618 5085 Reginald Storment 10.00 X 0 164624 16879 Paul Padilla 10.00 X 0 162966 19083 Cecilia Evjen 10.00 X 0 171955 18416 0 1010362 100086 5 0 1 0 New Mexico Educational Assistance Founda 7400 Tiburon NE Albuquerque NM 87109 Building Space, Clerical and Technical 472704 AESPHEAA PO Box 64849 Baltimore MD 21264 Program System and Maintenance 417271 DCS Collection Agency 333 North Canyon Parkway Livermore CA 94551 Collection Services for Defaulted Loans 350187 NCOOSI Collection Agency PO Box 935 Brookfield WI 530080935 Collection Services for Defaulted Loans 244272 Premiere Collection Agency 2002 N Wellesley Blvd Indianapolis IN 46219 Collection Services for Defaulted Loans 212452 5 Retained Collections f 522200 2082838 2082838 Loan Processing and Ac 522200 599092 599092 Default Aversion Servi 522200 202 202 2682132 5705 5705 2687837 2682132 0 5705 205290 205290 607522 366495 241027 33939 25072 8867 111193 42751 68442 44223 25975 18248 19795 19795 1280223 1234258 45965 68825 59240 9585 40226 30170 10056 44945 32360 12585 1084 1084 25893 25893 Default Loss Provision 1058878 1058878 Business Recovery Expen 7003 7003 Default Fee Expense 110 110 3549149 2875309 673840 0 11010503 11565314 3391703 1958721 7659 14409865 13524035 519439 461990 2450838 2483769 2970277 2945759 X 8002674 8937222 3436914 1641054 11439588 10578276 14409865 13524035 -861312 0 X X 0 1 1 X 1 1 X 5325068 5715823 4502278 2286016 2681930 20511115 5325068 5715823 4502278 2286016 2681930 20511115 0 0 0 20511115 356028 26382 10587 6636 5705 405338 356028 26382 10587 6636 5705 405338 5681096 5742205 4512865 2292652 2687635 20916453 0.98060 0.96020 0.01940 0.03980 X 0 Default Reserves 2483769 2483769 2687837 3549149 -861312 -861312 2687837 0 2687837 0 2687837 3549149 0 3549149 0 3549149 X X X X 0 0 0 0 0 0 0 0 0 Elwood Farber 0 285485 0 0 0 0 0 0 0 28725 0 314210 0 0 Brad Allpass 0 156714 0 0 0 0 0 0 0 11898 0 168612 0 0 Reginald Storment 0 164624 0 0 0 0 0 0 0 16879 0 181503 0 0 Paul Padilla 0 162966 0 0 0 0 0 0 0 19083 0 182049 0 0 Cecilia Evjen 0 171955 0 0 0 0 0 0 0 18416 0 190371 0 0 Form 990, Part VI, Section B, line 11 The 990 is prepared by an outside CPA firm and returned to NMSLGC to review. A senior accountant reviews and makes notations for the Controller to evaluate. After all adjustments are completed, the 990 is reviewed by the Vice President of Finance and signed and returned to the CPA firm to be filed on NMSLGC's behalf. 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 enumareated 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 enumareated 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. Compensation of Officers 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. 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 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 1 0 1 0 0 1 0 0 0 New Mexico Educational Assistance Foundation J 44945 Expenses New Mexico Educational Assistance Foundation L 384469 Expenses New Mexico Educational Assistance Foundation O 101312 Expenses