2022-08-31T16:04:28-05:00 2021-12-31 ERNST & YOUNG US LLP 1101 NEW YORK AVENUE NW WASHINGTON DC 20005 990 2021-01-01 411689095 NORTHSTAR GUARANTEE INC % HOPE MERRY NORT 6087332500 38 Buttonwood Court Madison WI 53718 Richard George President & CEO 6082461408 2022-08-30 true Richard George XXX-XX-XXXX Amber Gazica P01391011 2023276000 2 2021 2022-09-23 18:48:47Z X X Richard D George 38 Buttonwood Court Madison WI 53718 7417 false X www.ascendiumeducation.org X 1990 MN NORTHSTAR'S EXEMPT LENDING ROLE IS MAKING AND/OR HOLDING STUDENT LOANS TO POSTSECONDARY EDUCATION STUDENTS AND THEIR PARENTS IN ACCORDANCE WITH THE FED FAMILY EDUCATION LOAN PROGRAM X 7 6 0 0 0 0 0 0 0 0 23168 7417 0 0 23168 7417 0 0 0 0 36700 48950 0 0 0 19346 23576 56046 72526 -32878 -65109 5032273 0 18285 0 5013988 0 X NORTHSTAR GUARANTEE INC.'S MISSION IS TO FOSTER, AID, ENCOURAGE AND ASSIST IN THE PURSUIT OF HIGHER EDUCATION. IN PARTICULAR, THE CORPORATION FACILITATES THE BROADER AVAILABILITY OF EDUCATIONAL LOANS TO STUDENTS BY, BUT NOT LIMITED TO, ACTING AS A LENDER OR AN ELIGIBLE LENDER (AS PROVIDED UNDER THE FEDERAL HIGHER EDUCATION ACT OF 1965, AS AMENDED) FOR SUCH LOANS. THIS MISSION STATEMENT HAS BEEN REVIEWED, ACKNOWLEDGED AND INFORMALLY APPROVED BY THE BOARD. false false 2038 Making and/or acquiring and holding of student loans to postsecondary education students and to their parents in accordance with the Federal Family Education Loan Program established by Title IV, Part B of the Federal Higher Education Act of 1965, as amended. 2038 true false false false false false false false false false false false false false false false false true false false false false false false false false false false false true false false false false false false false false false false true false false true true true false false true 0 0 0 false false false false false false false false false false false false X 7 6 false false false false true true true true true false false true true true true true true false false false MN X HOPE MERRY 6087332584 38 BUTTONWOOD COURT Madison WI 53718 X Richard D George 23 Chairman & Treasurer 5.0 45.0 X X 0 848776 51154 Jeff Crosby 3 President & CEO 1.0 49.0 X 0 521604 42859 HOPE MERRY 3 CHIEF FINANCIAL OFFICER 6.0 44.0 X 0 399568 46048 Rebecca Rapp 3 Gen Cnsl, Chief Priv Ofc, & As 4.0 41.0 X 0 286780 40924 BRETT LINDQUIST 3 VP-STRATEGIC COMMUNICATION 2.0 43.0 X 0 272710 50231 MAUREEN HARRILL VENESS 3 VP - HUMAN RESOURCES 2.0 43.0 X 0 219332 39420 BRIAN KOBISHOP 3 VP - IT/SEC/LOGI (Until 11/15) 2.0 43.0 X 0 168766 9323 Roger Ervin 1 Director 1.0 2.0 X 11400 11400 0 Richard A Weiss 1 Director 1.0 2.0 X 7600 15200 0 Mary Burke 1 Director 1.0 2.0 X 6200 12400 0 David J Hanson 1 Director/Secretary 1.0 2.0 X 6200 12400 0 Joan Prince 1 Director 1.0 2.0 X 9300 9300 0 Linda Hoeschler 1 Director 1.0 2.0 X 8250 8250 0 48950 2786486 279959 0 false true false NONE 0 0 0 7417 7417 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 7417 7417 0 0 0 0 48950 0 48950 0 0 0 0 0 0 0 7821 7821 0 0 346 346 0 0 2060 1691 369 0 0 400 400 4778 4778 0 200 200 0 0 0 0 CORPORATE SUPPORT 7958 7958 MISCELLANEOUOS EXPENSE 13 1 12 72526 2038 70488 0 X 366 0 1447981 0 0 0 0 0 0 0 0 0 0 0 0 0 199 0 0 0 3571887 0 0 0 0 0 0 0 11840 0 5032273 0 7196 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 11089 0 18285 0 X 5013988 0 0 0 5013988 0 5032273 0 X -65109 -7271 -4941608 X false true X true false X 0 0 0 0 0 0 2997806 3887647 0 0 0 6885453 0 0 0 0 0 0 0 0 0 2997806 3887647 0 0 0 6885453 0 0 0 0 0 0 0 0 0 0 0 6885453 339171 1030756 1053350 23168 7417 2453862 0 339171 1030756 1053350 23168 7417 2453862 0 0 3336977 4918403 1053350 23168 7417 9339315 0.73725 0.79420 0.26275 0.20580 X false false false false false false false false false Richard D George 23 Chairman & Treasurer 395096 450015 3665 17600 33554 899930 Jeff Crosby 3 President & CEO 295288 225000 1316 17648 25211 564463 Rebecca Rapp 3 Gen Cnsl, Chief Priv Ofc, & As 144972 140015 1793 17314 23610 327704 HOPE MERRY 3 CHIEF FINANCIAL OFFICER 229104 170000 464 17317 28731 445616 MAUREEN HARRILL VENESS 3 VP - HUMAN RESOURCES 130888 85000 3444 15109 24311 258752 BRIAN KOBISHOP 3 VP - IT/SEC/LOGI (Until 11/15) 53455 115000 311 8362 961 178089 BRETT LINDQUIST 3 VP-STRATEGIC COMMUNICATION 137010 135000 700 15969 34262 322941 UNRESTICTED NET ASSETS 2021-12-31 4941608 book 391853833 ASCENDIUM EDUCATION SOULTIONS INC 38 BUTTONWOOD CT MADIOSN WI 53718 501(C)(3) false false false false true Part II, Line 2a and Line 2b All officers and directors of Northstar Guarantee, Inc. are existing officers and/or directors of Ascendium Education Group, Inc. No officer, director, or trustee became a director, trustee, or employee of the transferee organization as a result of the transfer. PART VI, QUESTION 6 AND 7A ASCENDIUM EDUCATION GROUP, INC., A NONPROFIT 501C(3) CORPORATION, IS THE SOLE MEMBER OF NORTHSTAR GUARANTEE,INC. AND HAS THE AUTHORITY TO APPOINT THE NORTHSTAR GUARANTEE,INC BOARD. PART VI, QUESTION 7B Ascendium Education Group, Inc.,a nonprofit 501(c)(3) corporation, as sole member of Northstar Guarantee Inc., has the authority provided by Wis.Stats. Chapter 181 to approve certain actions related to merger, conversion, sale of assets and dissolution. PART VI, QUESTION 11B On an annual basis, the Chairman of the Board, President and CEO, the audit committee and board review the Form 990 prior to filing. The conflicts of interest questionnaires are completed by each Director and reviewed prior to filing the Form 990. PART VI, QUESTION 12C Annually, Directors and Officers sign a Conflict of Interest document which discloses any conflicts. The signed documents are reviewed annually by the Chairman of the Board. If a disclosed conflict occurs, the individual abstains from discussion and voting on topics where a conflict of interest exists. All Directors, Officers and Employees are subject to the Human Resources Code of Ethics to maintain the highest ethical and legal standards of business conduct. PART VI, SECTION B, LINE 15a & 15b Northstar Guarantee Inc. does not compensate the CEO, Executive Director, any top management officials, or key employees, as the compensation is from a related organization. PART VI, QUESTION 19 Federal tax law does not require such documents be made publicly available. Documents are available upon specific request. PART VII, SECTION A, LINE 1a 1) Directors normally attend 3-4 board meetings and 3-4 committee meetings per year in addition to telephonic conferences and individual meetings with officers. Directors devote an average of 1 hour per week to their position(s). (2) Inside directors are not eligible for Board compensation. (3) Non-operating officer position not separately compensated. PART XI, LINE 9 THE CHANGE IN NET ASSETS IN THE AMOUNT OF $4,491,608 WAS DUE TO THE, NORTHSTAR GUARANTEE INCORPORATED, AN ENTITY ORGANIZED UNDER THE LAWS OF THE STATE OF MINNESOTA, MERGER WITH ASCENDIUM EDUCATION SOLUTIONS, INC. EFFECTIVE 12/31/2021 Ascendium Education Group Inc 38 Buttonwood Ct Madison WI 53718 391090394 STDNT LN SVCS WI 501(c)(3) 12B TYPE II NA false Ascendium Education Solutions Inc 38 Buttonwood Ct Madison WI 53718 381853833 GTY STDNT LNS WI 501(c)(3) 10 GROUP true Northstar Education Services LLC 38 Buttonwood Court Madison WI 53718 352626495 Service WI GROUP C Corp true false false false false false false false false false false false false false false false true false false false