2011-02-09T15:20:18-06:00 2010-09-30 BAKER NEWMAN & NOYES PO BOX 507 PORTLAND ME 04112 990 2009-10-01 020368776 NH HIGHER EDUCATION LOAN CORPORATION NHHI 6032265829 4 BARRELL COURT PO BOX 2111 CONCORD NH 03302 RENE DROUIN 6032265829 2011-02-09 1 2078792100 2009 2016-02-24 21:20:13Z RENE DROUIN 4 BARRELL COURT PO BOX 2111 CONCORD NH 03302 172445210 0 X WWW.NHHELCO.ORG X 1983 NH FINANCIAL ASSISTANCE TO ELIGIBLE BORROWERS 5 5 0 5 0 0 0 81127606 68674460 -1959575 822247 2122500 91834335 81290531 161331042 0 0 0 0 0 83993088 76925940 83993088 76925940 -2702557 84405102 1696902070 1487986493 1676152077 1381664059 20749993 106322434 FINANCIAL ASSISTANCE TO ELIGIBLE BORROWERS 0 0 76375741 68674460 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. 76375741 1 0 0 0 0 0 0 0 0 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 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 5 5 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 X DANIEL DUBREUIL 0.20 X X 0 0 0 NEIL CASTALDO 0.20 X X 0 0 0 MICHELLE CHICOINE 0.20 X 0 0 0 HARVEY HILL 0.20 X 0 0 0 LINDA NORMANDIN 0.20 X X 0 0 0 CLINTON HANSON JR 0.20 X 0 0 0 SUSAN HOWARD 0.20 X 0 0 0 RENE DROUIN 0.20 X 0 441363 49656 DEAN GRONDIN 0.20 X 0 180234 28575 0 621597 78231 0 0 1 0 gRANITE STATE MANAGEMENT AND RESOURCES 4 BARRELL COURT PO BOX 2087 CONCORD NH 03301 LOAN ADMINISTRATION 15455154 KUTAK ROCK LLP PO BOX 30057 OMAHA NE 681031157 LEGAL & TAX SERVICES 135021 STANDARD & POORS 2542 COLLECTION CENTER DR CHICAGO IL 60693 RATING SERVICES 125000 bAKER NEWMAN NOYES PO BOX 507 PORTLAND ME 04112 aUDITING/TAX 117335 ELM RESOURCES 121 SOUTH 13TH ST LINCOLN NE 68508 LOAN SERVICES 110615 6 INTEREST STUDENT LOANS 525990 56505616 56505616 GOVERNMENT CONTRACTS 900099 10068599 10068599 GUARANTEE FEES 525990 1136827 1136827 LATE CHARGES & OTHER 900099 963418 963418 68674460 731466 731466 11204949 11114168 90781 90781 90781 DEBT EXTINGUISHMENT 900099 68817235 68817235 SETTLEMENT INCOME 900099 20000000 20000000 LOAN SALE INCOME 900099 3017100 3017100 91834335 161331042 68674460 0 92656582 214772 214772 122515 122515 106714 106714 15622187 15519683 102504 33694 30000 3694 7055 7055 14946706 14946706 STUDENT LOAN ALLOWANCES 23607641 23607641 PROVISION FOR EST. LOSS 13354550 13354550 CONSOLIDATION LOAN FEES 5755369 5755369 BOND ADMINISTRATION EXP 1977747 1977747 AMORT. DEBT ISSUANCE CO 340828 340828 836162 836162 76925940 76375741 550199 0 13377772 50876341 5254615 6380507 1620542073 1378122063 7838504 5055523 21332377 23716354 28556729 23835705 1696902070 1487986493 873121 440440 3665447 2528618 710000000 409850000 947597410 952808083 14016099 16036918 1676152077 1381664059 X 20749993 106322434 20749993 106322434 1696902070 1487986493 X 0 1 1 X 1 1 X X X 0 0 0 GSMR 020404239 9 0 0 1 15548241 NHHEAF 026007687 9 0 0 1 34550 2 15582791 0 ACCRUED INTEREST PAYABLE 1209843 FEES PAYABLE TO U.S. GOVERNMENT 12387649 DUE TO GSMR 1505174 ARBITRAGE EARNINGS PAYABLE 934252 16036918 161331042 76925940 84405102 1167339 1167339 85572441 138890740 1167339 1167339 137723401 23607641 23607641 161331042 53318299 0 53318299 23607641 23607641 76925940 Part XII, Line 4b - Other Adjustments: STUDENT LOAN ALLOWANCES 23,607,641 Part XIII, Line 4b - Other Adjustments: STUDENT LOAN ALLOWANCES 23,607,641 X X X X X 0 0 0 0 0 0 0 0 0 RENE DROUIN 0 347081 0 52100 0 42182 0 33428 0 16228 0 491019 0 0 DEAN GRONDIN 0 155338 0 10000 0 14896 0 21345 0 7230 0 208809 0 0 NHHEFA 020279866 644614FQ7 2003-04-24 75000000 STUDENT LOANS 0 0 NHHEFA 020279866 644614HG7 2004-04-22 100000000 STUDENT LOANS 0 0 NHHEFA 020279866 64461RFH6 2005-04-21 150000000 STUDENT LOANS 0 0 NHHEFA 020279866 644614PC7 2006-04-20 75000000 STUDENT LOANS 0 0 NHHEFA 020279866 644614SJ9 2007-04-19 100000000 STUDENT LOANS 0 0 75000000 1500000 606126 72893874 2003 0 0 0 1 100000000 2000000 580691 97419309 2004 0 0 0 1 150000000 3000000 948406 146051594 2005 0 0 0 1 75000000 562500 507039 73930461 2006 0 0 0 1 100000000 750000 610692 98639308 2007 0 0 0 1 0 0 0 0 0 0.00000 0.00000 0.00000 1 0 0 0 0 0 0.00000 0.00000 0.00000 1 0 0 0 0 0 0.00000 0.00000 0.00000 1 0 0 0 0 0 0.00000 0.00000 0.00000 1 0 0 0 0 0 0.00000 0.00000 0.00000 1 1 1 0 0 0 0 1 1 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 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. FORM 990, PART VII, LINE 1B: RENE DROUIN: 40 AVERAGE HOURS PER WEEK FOR A RELATED ORGANIZATION DEAN GRONDIN: 40 AVERAGE HOURS PER WEEK FOR A RELATED ORGANIZATION FORM 990, PART XI, LINE 2C: THE ORGANIZATION HAS AN AUDIT COMMITTEE OF THE BOARD THAT IS REPSONSIBLE FOR THE OVERSIGHT OF THE AUDIT AND SELECTION OF THE INDEPENDENT ACCOUNTANTS. GRANITE STATE MANAGEMENT & RESOURCES 4 BARRELL COURT CONCORD NH 033022087 020404239 ADMINISTRATOR/SERVICER OF STUDENT LOANS NH 501(C)(3) 9 N/A NEW HAMPSHIRE HIGHER EDUCATION ASSISTANCE FOUNDTION 4 BARRELL COURT CONCORD NH 033020877 026007687 STUDENT LOAN GUARANTOR NH 501(C)(3) 9 N/A NHHEAF NETWORK EDUCATIONAL FOUNDATION 4 BARRELL COURT cONCORD NH 033022111 300289044 GRANTS AND SCHOLARSHIPS NH 501(C)(3) PF N/A 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0