2012-03-06T13:33:38-06:00 2011-09-30 BAKER NEWMAN & NOYES PO BOX 507 PORTLAND ME 04112 990 2010-10-01 020368776 NH HIGHER EDUCATION LOAN CORPORATION NHHI 6032265829 4 BARRELL COURT PO BOX 2111 CONCORD NH 03302 RENE DROUIN 6032265829 2012-03-06 1 E DREW CHENEY 2078792100 2012-03-06 2010 2016-02-24 21:20:13Z RENE DROUIN 4 BARRELL COURT PO BOX 2111 CONCORD NH 03302 159565800 0 X WWW.NHHELCO.ORG X 1983 NH FINANCIAL ASSISTANCE TO ELIGIBLE BORROWERS 6 6 0 6 0 0 0 0 68674460 54915940 822247 1632169 91834335 90084037 161331042 146632146 0 0 0 0 0 0 0 0 0 76925940 58004696 76925940 58004696 84405102 88627450 1487986493 1160116531 1381664059 967256444 106322434 192860087 FINANCIAL ASSISTANCE TO ELIGIBLE BORROWERS 0 0 57664334 54915940 THE CORPORATION WAS ORGANIZED FOR THE CHARITABLE AND EDUCATIONAL PURPOSE OF PROVIDING LOW-COST FINANCIAL ASSISTANCE PRIMARILY TO ELIGIBLE STUDENTS ATTENDING COLLEGE IN NH OR RESIDENTS ATTENDING COLLEGE OUT OF STATE. 57664334 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 2 0 1 0 0 0 0 0 0 0 0 0 0 0 X 6 6 1 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 NH X DEAN GRONDIN 6032255867 4 BARRELL COURT CONCORD NH 033022111 DANIEL DUBREUIL 0.20 X X 0 0 0 NEIL CASTALDO 0.20 X X 0 0 0 HARVEY HILL 0.20 X 0 0 0 LINDA NORMANDIN 0.20 X X 0 0 0 SUSAN HOWARD 0.20 X 0 0 0 PETER BURGER 0.20 X 0 0 0 RENE DROUIN 0.20 X 0 403528 53911 DEAN GRONDIN 0.20 X 0 187267 29839 0 590795 83750 0 0 1 0 GRANITE STATE MANAGEMENT AND RESOURCES 4 BARRELL COURT PO BOX 2087 CONCORD NH 03301 LOAN ADMINISTRATION 12396608 KUTAK ROCK LLP PO BOX 30057 OMAHA NE 68103 LEGAL & TAX SERVICES 410750 STANDARD & POORS 2542 COLLECTION CENTER DR CHICAGO IL 60693 RATING SERVICES 273375 FITCH INC GPO PO BOX 26858 NEW YORK NY 10087 RATING SERVICES 232390 FIRST SOUTHWEST COMPANY 325 N ST PAUL SUITE 800 DALLAS TX 75201 CONSULTING SERVICES 222171 9 INTEREST STUDENT LOANS 525990 47593698 47593698 GOVERNMENT CONTRACTS 900099 5522457 5522457 GUARANTEE FEES 525990 937847 937847 LATE CHARGES & OTHER 900099 861938 861938 54915940 728658 728658 13837165 12933654 903511 903511 903511 DEBT EXTINGUISHMENT 900099 87827662 87827662 LOAN SALE INCOME 900099 2256375 2256375 90084037 146632146 54915940 0 91716206 36576 36576 81451 81451 127159 127159 12364932 12269756 95176 30000 30000 12707 12707 11242353 11242353 STUDENT LOAN ALLOWANCES 15950937 15950937 PROVISION FOR EST. LOSS 9783702 9783702 CONSOLIDATION LOAN FEES 5316998 5316998 BOND ADMINISTRATION EXP 1091146 1091146 BORROWER REBATES 861823 861823 1104912 1104912 58004696 57664334 340362 0 50876341 16858567 6380507 1277578 1378122063 1094375631 5055523 5489544 23716354 32435114 23835705 9680097 1487986493 1160116531 440440 346239 2528618 1590772 409850000 10000000 952808083 948876090 16036918 6443343 1381664059 967256444 X 106322434 192860087 106322434 192860087 1487986493 1160116531 X 88627450 -2089797 X 0 1 1 X 1 1 X X X 0 0 0 GSMR 020404239 9 0 0 1 12396608 NHHEAF 026007687 9 0 0 1 0 2 12396608 0 ACCRUED INTEREST PAYABLE 641305 FEES PAYABLE TO U.S. GOVERNMENT 4185604 DUE TO GSMR 863399 ARBITRAGE EARNINGS PAYABLE 753035 6443343 146632146 58004696 88627450 -2089797 -2089797 86537653 128591412 -2089797 -2089797 130681209 15950937 15950937 146632146 42053759 0 42053759 15950937 15950937 58004696 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: TAX-EXEMPT ORGANIZATIONS COULD BE REQUIRED TO RECORD AN OBLIGATION FOR INCOME TAXES AS THE RESULT OF A TAX POSITION THEY HAVE HISTORICALLY TAKEN ON VARIOUS TAX EXPOSURE ITEMS INCLUDING UNRELATED BUSINESS INCOME OR TAX STATUS. UNDER GUIDANCE ISSUED BY THE FINANCIAL ACCOUNTING STANDARDS BOARD (FASB), ASSETS AND LIABILITIES ARE ESTABLISHED FOR UNCERTAIN TAX POSITIONS TAKEN OR POSITIONS EXPECTED TO BE TAKEN IN INCOME TAX RETURNS WHEN SUCH POSITIONS ARE JUDGED TO NOT MEET THE "MORE-LIKELY-THAN-NOT" THRESHOLD, BASED UPON THE TECHNICAL MERITS OF THE POSITION. ESTIMATED INTEREST AND PENALTIES, IF APPLICABLE, RELATED TO UNCERTAIN TAX POSITIONS ARE INCLUDED AS A COMPONENT OF INCOME TAX EXPENSE. THE COMPANY HAS EVALUATED THE POSITIONS TAKEN ON ITS FILED TAX RETURNS. THE COMPANY HAS CONCLUDED NO UNCERTAIN INCOME TAX POSITIONS EXIST AT SEPTEMBER 30, 2011 OR 2010. THE COMPANY'S TAX YEARS FROM 2007 THROUGH 2010 ARE OPEN AND SUBJECT TO EXAMINATION. PART XII, LINE 4B - OTHER ADJUSTMENTS: STUDENT LOAN ALLOWANCES 15,950,937. PART XIII, LINE 4B - OTHER ADJUSTMENTS: STUDENT LOAN ALLOWANCES 15,950,937. X X X X X 0 0 0 0 0 0 0 0 0 RENE DROUIN 0 347081 0 2500 0 53947 0 34665 0 19246 0 457439 0 0 DEAN GRONDIN 0 166371 0 14050 0 6846 0 21389 0 8450 0 217106 0 0 NHHEFA 020279866 644614P45 2011-08-24 10000000 STUDENT LOANS 0 0 0 10000000 75000 74556 9850444 2011 1 0 0 1 0 0 0 0 0.00000 0.00000 0.00000 1 0 1 0 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 MR. CASTALDO AND MR. HILL, WHO SERVE ON THE BOARD OF DIRECTORS, HAVE A BUSINESS RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 3 THE ORGANIZATION CONTRACTS WITH GRANITE STATE MANAGEMENT & RESOURCES, A RELATED ENTITY, FOR ITS MANAGEMENT SERVICES. FORM 990, PART VI, SECTION B, LINE 11 A COPY OF THE FORM 990 WAS EMAILED TO THE BOARD BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C ANY CONFLICTS OF INTEREST REVEALED IN THE ANNUAL SURVEY ARE ADDRESSED PROMPTLY. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION WILL PROVIDE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -2,089,797. GRANITE STATE MANAGEMENT & RESOURCES 4 BARRELL COURT CONCORD NH 033022087 020404239 ADMINISTRATOR/SERVICER OF STUDENT LOANS NH 501(C)(3) 9 N/A 0 NEW HAMPSHIRE HIGHER EDUCATION ASSISTANCE FOUNDATION 4 BARRELL COURT CONCORD NH 033020877 026007687 STUDENT LOAN GUARANTOR NH 501(C)(3) 9 N/A 0 NHHEAF NETWORK EDUCATIONAL FOUNDATION 4 BARRELL COURT CONCORD NH 033022111 300289044 GRANTS AND SCHOLARSHIPS NH 501(C)(3) PF NEW HAMPSHIRE HIGHER EDUCATION LOAN CORP 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0