NORTHSTAR EDUCATION FINANCE INC: Form 990, tax year 2020

View the entire original 990 at ProPublica ↗

Organization: NORTHSTAR EDUCATION FINANCE INC (EIN 41-1961427)
Tax period: 2020-10-01 to 2021-09-30
Filed: 2022-02-21
IRS object ID: 202230529349301063
Schema version: 2020v4.2
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990
Schedule A
Schedule D
Schedule I
Schedule O
Schedule R

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2022-02-21T15:32:11-06:00	ReturnTs
Tax Period End	2021-09-30	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	390859910	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	BAKER TILLY US LLP	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	225 S 6TH ST 2300	AddressLine1Txt
City	MINNEAPOLIS	CityNm
State Abbreviation	MN	StateAbbreviationCd
ZIP	55402	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990	ReturnTypeCd
Tax Period Begin	2020-10-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	411961427	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	NORTHSTAR EDUCATION FINANCE INC	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	NORT	BusinessNameControlTxt
Phone	4024582370	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	930 BLUE GENTIAN ROAD NO 100	AddressLine1Txt
City	EAGAN	CityNm
State Abbreviation	MN	StateAbbreviationCd
ZIP	55121	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	CHARLES M OSBORNE	PersonNm
Person Title	CHIEF FINANCIAL OFFICER	PersonTitleTxt
Phone	4024582370	PhoneNum
Signature	2022-02-21	SignatureDt
Discuss With Paid Preparer	Yes (1)	DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

Field	Value	IRS element (for citing)
Person First	CHARLES	PersonFirstNm
Person Last	OSBORNE	PersonLastNm

Field	Value	IRS element (for citing)
SSN	XXX-XX-XXXX	SSN

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	LAWRENCE H MOHR CPA	PreparerPersonNm
PTIN	P00447603	PTIN
Phone	6128764500	PhoneNum
Preparation	2022-02-21	PreparationDt

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

Field	Value	IRS element (for citing)
Trusted Customer	2	TrustedCustomerCd
Authentication Assurance Level	AAL1	AuthenticationAssuranceLevelCd
Identity Assurance Level	IAL1	IdentityAssuranceLevelCd

Field	Value	IRS element (for citing)
Tax	2020	TaxYr
Build TS	2022-09-23 18:48:47Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Principal Officer	TAIGE P THORNTON	PrincipalOfficerNm

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	930 BLUE GENTIAN ROAD NO 100	AddressLine1Txt
City	EAGAN	CityNm
State Abbreviation	MN	StateAbbreviationCd
ZIP	55121	ZIPCd

Field	Value	IRS element (for citing)
Gross Receipts	$37,569,277	GrossReceiptsAmt
Group Return For Affiliates	0	GroupReturnForAffiliatesInd
Organization501c3	Yes (X)	Organization501c3Ind
Website Address	WWW.NORTHSTAR.ORG	WebsiteAddressTxt
Type Of Organization Corp	Yes (X)	TypeOfOrganizationCorpInd
Formation	2000	FormationYr
Legal Domicile State	DE	LegalDomicileStateCd
Activity Or Mission	TO FOSTER, AID, ENCOURAGE AND ASSIST THE PURSUIT OF HIGHER EDUCATION.	ActivityOrMissionDesc
Voting Members Governing Body	10	VotingMembersGoverningBodyCnt
Voting Members Independent	7	VotingMembersIndependentCnt
Total Employee	0	TotalEmployeeCnt
Total Volunteers	0	TotalVolunteersCnt
Total Gross UBI	$0	TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm	$0	NetUnrelatedBusTxblIncmAmt
PY Contributions Grants	$0	PYContributionsGrantsAmt
CY Contributions Grants	$0	CYContributionsGrantsAmt
PY Program Service Revenue	$61,828,549	PYProgramServiceRevenueAmt
CY Program Service Revenue	$37,214,145	CYProgramServiceRevenueAmt
PY Investment Income	$1,000,588	PYInvestmentIncomeAmt
CY Investment Income	$355,132	CYInvestmentIncomeAmt
PY Other Revenue	$0	PYOtherRevenueAmt
CY Other Revenue	$0	CYOtherRevenueAmt
PY Total Revenue	$62,829,137	PYTotalRevenueAmt
CY Total Revenue	$37,569,277	CYTotalRevenueAmt
PY Grants And Similar Paid	$3,794,767	PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid	$4,929,600	CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members	$0	PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members	$0	CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid	$332,873	PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid	$349,702	CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns	$0	PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns	$0	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$0	CYTotalFundraisingExpenseAmt
PY Other Expenses	$57,492,072	PYOtherExpensesAmt
CY Other Expenses	$35,033,474	CYOtherExpensesAmt
PY Total Expenses	$61,619,712	PYTotalExpensesAmt
CY Total Expenses	$40,312,776	CYTotalExpensesAmt
PY Revenues Less Expenses	$1,209,425	PYRevenuesLessExpensesAmt
CY Revenues Less Expenses	-$2,743,499	CYRevenuesLessExpensesAmt
Total Assets BOY	$1,832,708,530	TotalAssetsBOYAmt
Total Assets EOY	$1,589,111,391	TotalAssetsEOYAmt
Total Liabilities BOY	$1,662,873,024	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$1,422,019,384	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	$169,835,506	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	$167,092,007	NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part III	Yes (X)	InfoInScheduleOPartIIIInd
Mission	TO FOSTER, AID, ENCOURAGE AND ASSIST THE PURSUIT OF HIGHER EDUCATION. IN SUPPORTING THIS MISSION, NEF'S PRIMARY CHARITABLE GOALS ARE TO (A) CONTINUE SERVICING ITS OUTSTANDING PORTFOLIO OF STUDENT LOANS; (B) CONTINUE TO PROVIDE EDUCATION AND ASSISTANCE TO STUDENT BORROWERS TO ENABLE THEM TO SUCCESSFULLY REPAY THEIR LOANS; (C) MANAGE ITS FINANCINGS AS NECESSARY TO MAXIMIZE THE T.H.E. BONUS CREDITED TO ELIGIBLE STUDENT BORROWER ACCOUNTS; AND (D) MAKE GRANTS TO OTHER ORGANIZATIONS IN FURTHERANCE OF ITS EDUCATIONAL MISSION.	MissionDesc
Significant New Program Srvc	0	SignificantNewProgramSrvcInd
Significant Change	0	SignificantChangeInd
Expense	$36,817,430	ExpenseAmt
Revenue	$37,214,145	RevenueAmt
Desc	MANAGE PORTFOLIO OF OUTSTANDING FFELP (APPROX. 94%) AND PRIVATE (APPROX. 6%) STUDENT LOANS WITH OUTSTANDING BALANCES TOTALING APPROX. $1.4 BILLION AS OF 9/30/2021. TO THE BEST OF THE KNOWLEDGE AND BELIEF OF THE ORGANIZATION'S OFFICERS, THE BENEFITS AND INTEREST RATES THAT IT HAS PROVIDED TO STUDENT BORROWERS ARE SUBSTANTIALLY MORE FAVORABLE TO STUDENT BORROWERS THAN THE BENEFITS AND INTEREST RATES PROVIDED BY FOR-PROFIT LENDERS. DURING FISCAL YEARS 2021 AND 2020, RESPECTIVELY, THE ORGANIZATION MADE T.H.E. REPAYMENT BONUS DISTRIBUTIONS (INTEREST REBATES WHICH ARE PROCESSED AS CREDITS TO ELIGIBLE BORROWER ACCOUNTS) OF APPROXIMATELY $5.6 MILLION AND $10.0 MILLION, RESPECTIVELY.	Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

Field	Value	IRS element (for citing)
Grant	$4,929,600	GrantAmt
Desc	PROVIDE GRANTS TO OTHER ORGANIZATIONS TO ENHANCE POST-SECONDARY EDUCATION OPPORTUNITIES FOR MINNESOTA STUDENTS BY RELIEVING SOME OF THEIR FINANCIAL BURDEN THROUGH SCHOLARSHIPS AND/OR ASSISTANCE WITH THEIR POST-SECONDARY READINESS PREPARATION.	Desc

Field	Value	IRS element (for citing)
Total Program Service Expenses	$36,817,430	TotalProgramServiceExpensesAmt
Described In Section501c3	Yes (1)	DescribedInSection501c3Ind
Schedule B Required	0	ScheduleBRequiredInd
Political Campaign Acty	0	PoliticalCampaignActyInd
Lobbying Activities	0	LobbyingActivitiesInd
Subject To Proxy Tax	0	SubjectToProxyTaxInd
Donor Advised Fund	0	DonorAdvisedFundInd
Conservation Easements	0	ConservationEasementsInd
Collections Of Art	0	CollectionsOfArtInd
Credit Counseling	0	CreditCounselingInd
Donor Rstr Or Quasi Endowments	0	DonorRstrOrQuasiEndowmentsInd
Report Land Building Equipment	0	ReportLandBuildingEquipmentInd
Report Investments Other Sec	0	ReportInvestmentsOtherSecInd
Report Program Related Invst	Yes (1)	ReportProgramRelatedInvstInd
Report Other Assets	0	ReportOtherAssetsInd
Report Other Liabilities	Yes (1)	ReportOtherLiabilitiesInd
Include FIN48 Footnote	0	IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt	0	IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt	Yes (1)	ConsolidatedAuditFinclStmtInd
School Operating	0	SchoolOperatingInd
Foreign Office	0	ForeignOfficeInd
Foreign Activities	0	ForeignActivitiesInd
More Than5000 K To Org	0	MoreThan5000KToOrgInd
More Than5000 K To Individuals	0	MoreThan5000KToIndividualsInd
Professional Fundraising	0	ProfessionalFundraisingInd
Fundraising Activities	0	FundraisingActivitiesInd
Gaming Activities	0	GamingActivitiesInd
Operate Hospital	0	OperateHospitalInd
Grants To Organizations	Yes (1)	GrantsToOrganizationsInd
Grants To Individuals	0	GrantsToIndividualsInd
Schedule J Required	0	ScheduleJRequiredInd
Tax Exempt Bonds	0	TaxExemptBondsInd
Engaged In Excess Benefit Trans	0	EngagedInExcessBenefitTransInd
PY Excess Benefit Trans	0	PYExcessBenefitTransInd
Loan Outstanding	0	LoanOutstandingInd
Grant To Related Person	0	GrantToRelatedPersonInd
Business Rln With Org Mem	0	BusinessRlnWithOrgMemInd
Business Rln With Fam Mem	0	BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent	0	BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri	0	DeductibleNonCashContriInd
Deductible Art Contribution	0	DeductibleArtContributionInd
Terminate Operations	0	TerminateOperationsInd
Partial Liquidation	0	PartialLiquidationInd
Disregarded Entity	Yes (1)	DisregardedEntityInd
Related Entity	0	RelatedEntityInd
Related Organization Ctrl Ent	0	RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org	0	TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp	0	ActivitiesConductedPrtshpInd
Schedule O Required	Yes (1)	ScheduleORequiredInd
IRP Document	18	IRPDocumentCnt
IRP Document W2 G	0	IRPDocumentW2GCnt
Employee	0	EmployeeCnt
Unrelated Bus Incm Over Limit	0	UnrelatedBusIncmOverLimitInd
Foreign Financial Account	0	ForeignFinancialAccountInd
Prohibited Tax Shelter Trans	0	ProhibitedTaxShelterTransInd
Taxable Party Notification	0	TaxablePartyNotificationInd
Nondeductible Contributions	0	NondeductibleContributionsInd
Quid Pro Quo Contributions	0	QuidProQuoContributionsInd
Form8282 Property Disposed Of	0	Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct	0	RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct	0	PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services	0	IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt	0	SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc	0	SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VI	Yes (X)	InfoInScheduleOPartVIInd
Governing Body Voting Members	10	GoverningBodyVotingMembersCnt
Independent Voting Member	7	IndependentVotingMemberCnt
Family Or Business Rln	0	FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties	Yes (1)	DelegationOfMgmtDutiesInd
Change To Org Documents	0	ChangeToOrgDocumentsInd
Material Diversion Or Misuse	0	MaterialDiversionOrMisuseInd
Members Or Stockholders	0	MembersOrStockholdersInd
Election Of Board Members	0	ElectionOfBoardMembersInd
Decisions Subject To Approva	0	DecisionsSubjectToApprovaInd
Minutes Of Governing Body	Yes (1)	MinutesOfGoverningBodyInd
Minutes Of Committees	Yes (1)	MinutesOfCommitteesInd
Officer Mailing Address	0	OfficerMailingAddressInd
Local Chapters	0	LocalChaptersInd
Form990 Provided To Gvrn Body	Yes (1)	Form990ProvidedToGvrnBodyInd
Conflict Of Interest Policy	Yes (1)	ConflictOfInterestPolicyInd
Annual Disclosure Covered Prsn	Yes (1)	AnnualDisclosureCoveredPrsnInd
Regular Monitoring Enfrc	Yes (1)	RegularMonitoringEnfrcInd
Whistleblower Policy	Yes (1)	WhistleblowerPolicyInd
Document Retention Policy	Yes (1)	DocumentRetentionPolicyInd
Compensation Process CEO	Yes (1)	CompensationProcessCEOInd
Compensation Process Other	Yes (1)	CompensationProcessOtherInd
Investment In Joint Venture	0	InvestmentInJointVentureInd
States Where Copy Of Return Is Fld	MN	StatesWhereCopyOfReturnIsFldCd
Upon Request	Yes (X)	UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	KATE SEIFERT	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Phone	4024582370	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	930 BLUE GENTIAN ROAD SUITE 100	AddressLine1Txt
City	EAGAN	CityNm
State Abbreviation	MN	StateAbbreviationCd
ZIP	55121	ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (12 entries)

TitleTitleTxt	Average Hours Per WeekAverageHoursPerWeekRt	OfficerOfficerInd	Reportable Comp From OrgReportableCompFromOrgAmt	Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt	Other CompensationOtherCompensationAmt	Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd
CHARLES OSBORNE
CHIEF FINANCIAL OFFICER	15.00	Yes (X)	$97,066	$0	$0
TAIGE THORNTON
PRESIDENT	15.00	Yes (X)	$50,000	$0	$0	Yes (X)
CLYDE NELSON
TREASURER	1.00	Yes (X)	$28,000	$0	$0	Yes (X)
ANITA PAMPUSCH
BOARD CHAIR - OUTGOING	1.00	Yes (X)	$28,000	$0	$0	Yes (X)
JOHN EMERICK
BOARD CHAIR	1.00	Yes (X)	$18,000	$0	$0	Yes (X)
DAVID REILING
BOARD MEMBER	1.00		$18,000	$0	$0	Yes (X)
RICHARD NIGON
BOARD MEMBER	1.00		$18,000	$0	$0	Yes (X)
MARY ROTHCHILD
DIRECTOR	1.00		$18,000	$0	$0	Yes (X)
TIM PENNY
BOARD MEMBER	1.00		$17,000	$0	$0	Yes (X)
ELIZABETH ANNE CARRIER DORAN
BOARD MEMBER	1.00		$17,000	$0	$0	Yes (X)
RICHARD HARRIS
BOARD MEMBER	1.00		$17,000	$0	$0	Yes (X)
SARAH DUNIWAY
SECRETARY	3.00	Yes (X)	$0	$0	$0

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	$326,066	TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org	$0	TotReportableCompRltdOrgAmt
Total Other Compensation	$0	TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K	0	IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed	0	FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K	0	TotalCompGreaterThan150KInd
Compensation From Other Srcs	0	CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1Txt	CityContractorAddress/USAddress/CityNm	State AbbreviationContractorAddress/USAddress/StateAbbreviationCd	ZIPContractorAddress/USAddress/ZIPCd	ServicesServicesDesc	CompensationCompensationAmt
NELNET INC
121 SOUTH 13TH ST WF SUITE 400	LINCOLN	NE	68508	MANAGEMENT & ADMIN SERVICES	$3,066,636
NELNET SERVICING LLC
121 SOUTH 13TH ST WF SUITE 400	LINCOLN	NE	68508	STUDENT LOAN SERVICING	$1,152,795
WINDHAM PROFESSIONALS INC
384 MAIN STREET	SALEM	NH	03079	PRIVATE LOAN COLLECTION SERVICES	$429,820
RBC CAPITAL MARKETS LLC
200 VERSEY STREET 8TH FLOOR	NEW YORK	NY	10281	BROKER/DEALER FEES	$281,122
JONES DAY
90 SOUTH SEVENTH STREET SUIT 4950	MINNEAPOLIS	MN	55402	LEGAL FEES	$185,549

Field	Value	IRS element (for citing)
Cntrct Rcvd Greater Than100 K	6	CntrctRcvdGreaterThan100KCnt

Program Service Revenue ProgramServiceRevenueGrp

Field	Value	IRS element (for citing)
Desc	STUDENT LOAN INTEREST INCOME	Desc
Business	525990	BusinessCd
Total Revenue Column	$37,214,145	TotalRevenueColumnAmt
Related Or Exempt Func Income	$37,214,145	RelatedOrExemptFuncIncomeAmt

Field	Value	IRS element (for citing)
Total Program Service Revenue	$37,214,145	TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$355,132	TotalRevenueColumnAmt
Exclusion	$355,132	ExclusionAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$37,569,277	TotalRevenueColumnAmt
Related Or Exempt Func Income	$37,214,145	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$0	UnrelatedBusinessRevenueAmt
Exclusion	$355,132	ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

Field	Value	IRS element (for citing)
Total	$4,929,600	TotalAmt
Program Services	$4,929,600	ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

Field	Value	IRS element (for citing)
Total	$349,702	TotalAmt
Management And General	$349,702	ManagementAndGeneralAmt

Fees For Services Management FeesForServicesManagementGrp

Field	Value	IRS element (for citing)
Total	$3,529,381	TotalAmt
Program Services	$1,111,845	ProgramServicesAmt
Management And General	$2,417,536	ManagementAndGeneralAmt

Fees For Services Legal FeesForServicesLegalGrp

Field	Value	IRS element (for citing)
Total	$309,290	TotalAmt
Program Services	$96,396	ProgramServicesAmt
Management And General	$212,894	ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

Field	Value	IRS element (for citing)
Total	$103,016	TotalAmt
Management And General	$103,016	ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

Field	Value	IRS element (for citing)
Total	$774,136	TotalAmt
Program Services	$461,362	ProgramServicesAmt
Management And General	$312,774	ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

Field	Value	IRS element (for citing)
Total	$13,528	TotalAmt
Management And General	$13,528	ManagementAndGeneralAmt

Travel TravelGrp

Field	Value	IRS element (for citing)
Total	$81	TotalAmt
Management And General	$81	ManagementAndGeneralAmt

Interest InterestGrp

Field	Value	IRS element (for citing)
Total	$16,064,721	TotalAmt
Program Services	$16,064,721	ProgramServicesAmt

Depreciation Depletion DepreciationDepletionGrp

Field	Value	IRS element (for citing)
Total	$1,276,614	TotalAmt
Program Services	$1,276,614	ProgramServicesAmt

Insurance InsuranceGrp

Field	Value	IRS element (for citing)
Total	$79,582	TotalAmt
Management And General	$79,582	ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDesc	TotalTotalAmt	Program ServicesProgramServicesAmt	Management And GeneralManagementAndGeneralAmt
LOAN CONSOLIDATION FEES	$13,081,258	$13,081,258
DEBT FINANCING FEES	$541,510	$541,510
OTHER MISCELLANEOUS EXP	$6,233		$6,233
STUDENT LOAN DEFAULT AN	-$745,876	-$745,876

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$40,312,776	TotalAmt
Program Services	$36,817,430	ProgramServicesAmt
Management And General	$3,495,346	ManagementAndGeneralAmt
Fundraising	$0	FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

Field	Value	IRS element (for citing)
BOY	$7,855,718	BOYAmt
EOY	$4,834,107	EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

Field	Value	IRS element (for citing)
BOY	$119,241,744	BOYAmt
EOY	$116,222,695	EOYAmt

Accounts Receivable AccountsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$2,213,976	BOYAmt
EOY	$2,447,921	EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

Field	Value	IRS element (for citing)
BOY	$55,642	BOYAmt
EOY	$36,232	EOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

Field	Value	IRS element (for citing)
BOY	$1,703,341,450	BOYAmt
EOY	$1,465,570,436	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$1,832,708,530	BOYAmt
EOY	$1,589,111,391	EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

Field	Value	IRS element (for citing)
BOY	$3,388,573	BOYAmt
EOY	$2,714,389	EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

Field	Value	IRS element (for citing)
BOY	$1,656,113,995	BOYAmt
EOY	$1,415,391,037	EOYAmt

Other Liabilities OtherLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$3,370,456	BOYAmt
EOY	$3,913,958	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$1,662,873,024	BOYAmt
EOY	$1,422,019,384	EOYAmt

Field	Value	IRS element (for citing)
Organization Follows FASB117	Yes (X)	OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$169,835,506	BOYAmt
EOY	$167,092,007	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$169,835,506	BOYAmt
EOY	$167,092,007	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$1,832,708,530	BOYAmt
EOY	$1,589,111,391	EOYAmt

Field	Value	IRS element (for citing)
Reconcilation Revenue Expnss	-$2,743,499	ReconcilationRevenueExpnssAmt
Other Changes In Net Assets	$0	OtherChangesInNetAssetsAmt
Method Of Accounting Accrual	Yes (X)	MethodOfAccountingAccrualInd
Accountant Compile Or Review	0	AccountantCompileOrReviewInd
FS Audited	Yes (1)	FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

Field	Value	IRS element (for citing)
Consolidated Basis Fincl Stmt	Yes (X)	ConsolidatedBasisFinclStmtInd

Field	Value	IRS element (for citing)
Audit Committee	Yes (1)	AuditCommitteeInd
Federal Grant Audit Required	0	FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

Field	Value	IRS element (for citing)
Publicly Supported Org509a2	Yes (X)	PubliclySupportedOrg509a2Ind

Gross Receipts Admissions GrossReceiptsAdmissionsGrp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$81,342,289	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$81,354,929	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$90,443,751	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$61,828,549	CurrentTaxYearMinus1YearAmt
Current Tax Year	$37,214,145	CurrentTaxYearAmt
Total	$352,183,663	TotalAmt

Total509 Total509Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$81,342,289	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$81,354,929	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$90,443,751	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$61,828,549	CurrentTaxYearMinus1YearAmt
Current Tax Year	$37,214,145	CurrentTaxYearAmt
Total	$352,183,663	TotalAmt

Amounts Rcvd Dsqlfy Person AmountsRcvdDsqlfyPersonGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Substantial Contributors Amt SubstantialContributorsAmtGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Subst And Dsqlfy Prsns Tot SubstAndDsqlfyPrsnsTotGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Field	Value	IRS element (for citing)
Public Support Total509	$352,183,663	PublicSupportTotal509Amt

Gross Investment Income509 GrossInvestmentIncome509Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$704,157	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$1,479,866	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$1,793,896	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$1,000,588	CurrentTaxYearMinus1YearAmt
Current Tax Year	$355,132	CurrentTaxYearAmt
Total	$5,333,639	TotalAmt

Investment Income And UBTI InvestmentIncomeAndUBTIGrp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$704,157	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$1,479,866	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$1,793,896	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$1,000,588	CurrentTaxYearMinus1YearAmt
Current Tax Year	$355,132	CurrentTaxYearAmt
Total	$5,333,639	TotalAmt

Total Support Calendar Year TotalSupportCalendarYearGrp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$82,046,446	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$82,834,795	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$92,237,647	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$62,829,137	CurrentTaxYearMinus1YearAmt
Current Tax Year	$37,569,277	CurrentTaxYearAmt
Total	$357,517,302	TotalAmt

Field	Value	IRS element (for citing)
Public Support CY509	0.98510	PublicSupportCY509Pct
Public Support PY509	0.98530	PublicSupportPY509Pct
Investment Income CY	0.01490	InvestmentIncomeCYPct
Investment Income PY	0.01470	InvestmentIncomePYPct
Thirty Thr Pct Suprt Tests CY509	Yes (X)	ThirtyThrPctSuprtTestsCY509Ind

Schedule D IRS990ScheduleD

Field	Value	IRS element (for citing)
Total Book Value Land Buildings	$0	TotalBookValueLandBuildingsAmt

Invst Program Related Org InvstProgramRelatedOrgGrp

Field	Value	IRS element (for citing)
Desc	STUDENT LOANS	Desc
Book Value	$1,465,570,436	BookValueAmt
Method Valuation	C	MethodValuationCd

Field	Value	IRS element (for citing)
Total Book Value Program Rltd	$1,465,570,436	TotalBookValueProgramRltdAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)

DescDesc	AmtAmt
ACCRUED BORROWER INCENTIVE PAYMENTS	$1,143,005
GOVERNMENT PAYABLE	$2,770,953

Field	Value	IRS element (for citing)
Total Liability	$3,913,958	TotalLiabilityAmt

Schedule I IRS990ScheduleI

Field	Value	IRS element (for citing)
Grant Records Maintained	Yes (1)	GrantRecordsMaintainedInd

Recipient Table RecipientTable (4 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	Recipient EINRecipientEIN	IRC SectionIRCSectionDesc	Cash GrantCashGrantAmt	Purpose Of GrantPurposeOfGrantTxt
WALLIN EDUCATION PARTNERS
5200 WILSON ROAD SUITE 209	MINNEAPOLIS	MN	55424	208505156	501(C)(3)	$3,539,000	TO PROVIDE SCHOLARSHIPS TO STUDENTS AND SUPPORT WALLIN'S EXISTING SCHOLAR SUPPORT SERVICES THAT BENEFITS ALL SCHOLARS.
COLLEGE POSSIBLE
540 FAIRVIEW AVENUE NORTH SUITE 20	SAINT PAUL	MN	55104	411968798	501(C)(3)	$970,000	TO PROVIDE AFTER-SCHOOL PROGRAMMING FOR HIGH-SCHOOL STUDENTS TO BETTER PREPARE THEM FOR ADMISSION TO COLLEGE. ADDITIONALLY, PROVIDE COACHES TO COLLEGE STUDENTS USING A STRUCTURED CURRICULUM FOCUSED ON THE ACADEMIC, FINANCIAL AND CULTURAL BARRIERS THAT HAVE BEEN IDENTIFIED AS BARRIERS TO COLLEGE SUCCESS FOR LOW-INCOME STUDENTS, WITH THE GOAL OF HELPING THEM SUCCEED AND GRADUATE FROM COLLEGE.
CRISTO REY JESUIT HIGH SCHOOL
2924 4TH AVENUE SOUTH	MINNEAPOLIS	MN	55408	204548714	501(C)(3)	$220,600	TO SUPPORT THE ORGANIZATION'S COLLEGE SUCCESS PROGRAM, WHICH COMBINES COLLEGE COUNSELING WITH POST-GRADUATION SUPPORT, SERVING AS A KEY RESOURCE FOR STUDENTS TO UNDERSTAND OPPORTUNITIES AVAILABLE TO THEM AFTER GRADUATION FROM HIGH SCHOOL.
PAGE EDUCATION FOUNDATION
PO BOX 581254	MINNEAPOLIS	MN	55458	363605013	501(C)(3)	$200,000	TO SUPPORT THE ORGANIZATION'S SCHOLARSHIP PROGRAM, WHICH PROVIDES SCHOLARSHIPS TARGETED AT STUDENTS FROM UNDERSERVED COMMUNITIES, COMBINING MENTORING AND COMMUNITY SERVICE WITH ITS SCHOLARSHIP PROGRAM TO SUPPORT AND ENCOURAGE ITS STUDENTS.

Field	Value	IRS element (for citing)
Total501c3 Org	4	Total501c3OrgCnt

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	PART I, LINE 2:	FormAndLineReferenceDesc
Explanation	THE COMPANY'S BOARD OF DIRECTORS DESIGNATED GRANTS PROGRAM COMMITTEE REQUIRES PERIODIC REPORTS AND DATA FROM GRANTEES AND ADDITIONALLY CONDUCTS ON-SITE VISITS.	ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (5 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 3	PURSUANT TO THE AMENDED AND RESTATED SUB-MASTER SERVICING AND ADMINISTRATIVE AGREEMENT ("SUB-MSA") DATED DECEMBER 7, 2018 BETWEEN NORTHSTAR EDUCATION FINANCE, INC. ("NEF") AND NELNET SERVICING, LLC ("NELNET"), NELNET IS RESPONSIBLE FOR PERFORMING CERTAIN MANAGEMENT AND ADMINISTRATIVE FUNCTIONS ON BEHALF OF NEF.
FORM 990, PART VI, SECTION B, LINE 11B	THE ORGANIZATION'S FORM 990 IS REVIEWED BY ITS OFFICERS AND OUTSIDE LEGAL COUNSEL PRIOR TO FILING, AND THE DOCUMENT IS DISTRIBUTED TO THE FULL BOARD OF DIRECTORS PRIOR TO FILING.
FORM 990, PART VI, SECTION B, LINE 12C	THE POLICY IS MONITORED AND DISCUSSED ANNUALLY AT ONE OF THE QUARTERLY BOARD MEETINGS.
FORM 990, PART VI, SECTION B, LINE 15	IN 2021, COMPENSATION FOR THE ORGANIZATION'S PRESIDENT AND BOARD OF DIRECTORS WAS APPROVED BY THE BOARD'S INDEPENDENT COMPENSATION COMMITTEE AND WAS BASED ON COMPARABLE MARKET COMPENSATION DATA.
FORM 990, PART VI, SECTION C, LINE 19	AUDITED FINANCIAL STATEMENTS ARE AVAILABLE ON THE ORGANIZATION'S WEBSITE AT WWW.NORTHSTAR.ORG. THE ORGANIZATION DOES NOT MAKE ITS GOVERNING DOCUMENTS OR CONFLICT OF INTEREST POLICY AVAILABLE UNLESS REQUIRED BY LAW.

Schedule R IRS990ScheduleR

Id Disregarded Entities IdDisregardedEntitiesGrp

Disregarded Entity Name DisregardedEntityName

Field	Value	IRS element (for citing)
Business Name Line1	NORTHSTAR EDUCATION FUNDING I LLC	BusinessNameLine1Txt

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	930 BLUE GENTIAN ROAD SUITE 100	AddressLine1Txt
City	EAGAN	CityNm
State Abbreviation	MN	StateAbbreviationCd
ZIP	55121	ZIPCd

Field	Value	IRS element (for citing)
Primary Activities	FINANCING HIGHER EDUCATION	PrimaryActivitiesTxt
Legal Domicile State	DE	LegalDomicileStateCd
Total Income	$0	TotalIncomeAmt
End Of Year Assets	$0	EndOfYearAssetsAmt

Direct Controlling Entity Name DirectControllingEntityName

Field	Value	IRS element (for citing)
Business Name Line1	NORTHSTAR EDUCATION FINANCE INC	BusinessNameLine1Txt