2016-09-01T10:14:45-05:00 2015-12-31 ERNST & YOUNG US LLP 155 N WACKER DRIVE 20TH FLOOR Chicago IL 60606 990 2015-01-01 391853833 Great Lakes Higher Education Guaranty Corp % NANCY SEIFERT GREA 6082461744 2401 International Lane Madison WI 53704 RICHARD GEORGE Chairman & CEO 6082461408 2016-08-31 Jacob Zehnder P01564049 3128792702 2015 2016-12-15 16:53:06Z Richard D George 2401 International Lane Madison WI 53704 212357549 false X www.mygreatlakes.org X 1996 WI OPERATES TO PROVIDE COST EFFECTIVE ACCESS TO POST-SECONDARY EDUCATION BY PROVIDING GUARANTY SERVICES TO BROADEN FEDERALLY GUARANTEED LOAN AVAILABILITY. 7 6 221 0 0 225000 225000 179406916 193353717 1433819 -1863348 1175391 6954440 182241126 198669809 22921861 21829150 0 0 11491489 11790864 0 0 0 47840361 71350530 82253711 104970544 99987415 93699265 576295637 670326984 33073863 33857502 543221774 636469482 X GREAT LAKES HIGHER EDUCATION CORPORATION OPERATES TO PROVIDE FOR PHILANTHROPIC SUPPORT AND COST EFFECTIVE ENABLEMENT OF ACCESS TO AND PERSISTENCE IN POST-SECONDARY EDUCATION BY PROVIDING FULL-RANGE GUARANTY AGENCY SERVICES AND GRANT SUPPORT TO FUNDING SOURCES, EDUCATIONAL INSTITUTIONS, CHARITABLE ORGANIZATIONS, AND OTHERS TO BROADEN FEDERALLY GUARANTEED LOAN AVAILABILITY AND PURSUIT OF AND PARTICIPATION IN POST-SECONDARY EDUCATION IN ACCORDANCE WITH THE FEDERAL HIGHER EDUCATION ACT OF 1965, AS AMENDED. THIS MISSION STATEMENT HAS BEEN REVIEWED, ACKNOWLEDGED AND INFORMALLY APPROVED BY THE BOARD. false false 101457888 21829150 193353717 Great Lakes Higher Education Guaranty Corporation operates to provide for philanthropic support and cost effective enablement of access to and persistence in post-secondary education by providing full-range guaranty agency services and grant support to funding sources, educational institutions, charitable organizations, and others to broaden federally guaranteed loan availability and pursuit of and participation in post-secondary education in accordance with the Federal Higher Education Act of 1965, as amended. 101457888 true true false false false false false false true false true false false false true false false true false false false false false false false false false true true true false false false false false false false true false false false false false true true true false false true 126560 0 true 221 true 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 true false X NANCY SEIFERT 6082461410 2401 INTERNATIONAL LANE Madison WI 53704 X Emerson L Brumback 1 Director/Committee Chairman 1.0 2.0 X 7750 7750 0 David J Hanson 14 Director/Secretary 1.0 2.0 X 0 0 0 Thomas A Scarlett 1 Director 3.0 0.0 X 15500 0 0 Cynthia Walsh 1 Director 3.0 0.0 X 19000 0 0 Richard A Weiss 1 Director 1.0 2.0 X 6333 12667 0 Richard D George 23 Chairman/Pres/Ceo/Treasurer 1.0 59.0 X X 0 891930 79971 Mary Burke 1 Director 1.0 2.0 X 5167 10333 0 Amy Kobishop 3 VP - Community Investments 50.0 0.0 X 266018 0 34219 Beth Erickson 3 VP - Repayment Solutions 50.0 0.0 X 264666 0 47204 Jacqueline Fairbairn 3 VP - Policy/Regul Compliance 49.0 1.0 X 258367 0 62599 Rebecca St John 3 Gen. Counsel & Asst Secretary 1.0 49.0 X 0 255286 58665 Ellen Welke Director - Default Collections 45.0 0.0 X 125151 0 34615 Steven A Schmidt COMMUNCATION TEAM LEAD 40.0 5.0 X 104416 10882 30183 JASON E RASMUSEN DIRECTOR - STRAT COMMUNICATION 45.0 0.0 X 121890 0 40767 BENJAMIN P DOBNER DIRECTOR - COMM INVESTMENTS 45.0 0.0 X 105193 0 22799 Kira Cortese Creative Director 45.0 0.0 X 111022 0 28083 1410473 1188848 439105 8 false true false 0 225000 225000 COLLECTIONS & REHABILITATIONS 900099 168217546 168217546 ACCOUNT MAINTENANCE FEES 900099 18902001 18902001 DEFAULT AVERSION FEES 900099 6234170 6234170 193353717 1692133 1692133 0 0 0 0 0 10132259 13687740 -3555481 -3555481 -3555481 0 0 0 ALL OTHER REVENUE 900099 314 314 GLHEGC/MDHE CONTRACT 900099 6954126 6954126 6954440 198669809 193353717 5091092 X 15153817 15153817 6675333 6675333 0 0 1169389 1003313 166076 0 7894004 7744388 149616 780336 762965 17371 1398099 1367151 30948 549036 538683 10353 0 96198 96198 9150 9150 0 0 0 142927 142927 13518 13518 1025423 1025423 0 0 432636 432636 154940 146097 8843 0 43189 43189 0 0 260472 260472 0 BORROWER SKIP TRACING 244865 244865 0 0 COLLECTION FEES 30045807 30045807 0 0 CORP SUPPORT FUNC ALLOCATION 16536255 13512154 3024101 0 DISCOUNT-REHAB LOANS 15699830 15699830 0 0 6645320 6645320 104970544 101457888 3512656 0 378127 1545709 316822879 653438231 0 0 5490269 5263534 0 0 0 0 0 0 0 0 929488 1111515 493119 362821 14137034 130298 225946032 0 0 0 0 0 0 0 12591808 8837697 576295637 670326984 5040889 7092107 0 0 4793141 4488077 0 0 0 0 0 0 0 0 0 0 23239833 22277318 33073863 33857502 X 543221774 636469482 0 0 0 0 543221774 636469482 576295637 670326984 93699265 -451557 X false true X true true true X 1700576 2125064 38389965 225000 225000 42665605 149383595 167860113 223964710 179406916 193353717 913969051 0 0 0 151084171 169985177 262354675 179631916 193578717 956634656 0 0 0 0 0 0 0 0 0 0 0 956634656 2391989 2583544 2877074 3549668 1692133 13094408 0 2391989 2583544 2877074 3549668 1692133 13094408 0 67605 7689 655 1041331 6954440 8071720 153543765 172576410 265232404 184222915 202225290 977800784 0.97835 0.98343 0.01339 0.01516 X Supplemental Information *2011 - $47,500 - EAC ELM Redemption *2011 - $12,000 - Dakota Corp Administrative Services Fee *2014 - $1,030,534 - Missouri Department of Higher Education Contract *2015 - $6,954,126 - Missouri Department of Higher Education Contract RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED true 130299971 32096551 -40248125 202644647 false 453939 325513 128426 39180 37308 1872 130298 0 RESERVE-DEFAULT AVERSION FEES 14916601 INTERCOMPANY & MISC. PAYABLES 6844456 COMPENSATION PLAN PAYABLE 516261 22277318 Form 990 Part IV, Line 9 and Schedule D, Part IV One aspect of the full-range guaranty services is to provide collection assistance to lenders for delinquent loans. This includes contacting the borrower to attempt to restore the loan to a current status through various options. This contact also involves educating and/or counseling borrowers. In addition, GLHEGC provides direct support of personal financial management education, financial aid awareness and college access initiatives, and guidance and counsel on consolidation loans and loan rehabilitation under the Federal Higher Education Act of 1965, as amended. Schedule D, Part IV, Line 1B CUSTODIAL ACCOUNT: GREAT LAKES HIGHER EDUCATION GUARANTY CORPORATION (GLHEGC) CONDUCTS ACTIVITY RELATED TO THE GUARANTEE OF STUDENT LOANS MADE TO POST-SECONDARY EDUCATION STUDENTS AND TO THEIR PARENTS IN ACCORDANCE WITH THE FEDERAL FAMILY EDUCATION LOAN PROGRAM (PROGRAM) ESTABLISHED BY TITLE IV, PART B OF THE FEDERAL HIGHER EDUCATION ACT OF 1965, AS AMENDED, AND THE ADMINISTRATION OF CERTAIN NET ASSETS OF THE PROGRAM. THE HIGHER EDUCATION AMENDMENTS OF 1998 (1998 AMENDMENTS) WERE ENACTED ON OCTOBER 7, 1998, WITH AN EFFECTIVE DATE OF OCTOBER 1, 1998. PURSUANT TO THE 1998 AMENDMENTS, GLHEGC ESTABLISHED A FEDERAL STUDENT LOAN RESERVE FUND (FSLRF) TO ACCOUNT FOR PROGRAM ACTIVITIES. THE FSLRF ASSETS AND EARNINGS ON THOSE ASSETS ARE THE PROPERTY OF THE FEDERAL GOVERNMENT. SINCE THE FSLRF ASSETS ARE THE PROPERTY OF THE UNITED STATES GOVERNMENT, THE ACCOUNTS AND ACTIVITIES OF THE FSLRF ARE NOT INCLUDED IN THE GLHEGC FORM 990, PART X. GLHEGC EXERCISES THE LEVEL OF CARE REQUIRED OF A FIDUCIARY CHARGED WITH THE DUTY OF PROTECTING, INVESTING AND ADMINISTERING THESE ASSETS. true OASFAA Ohio Northwestern University 525 South Main Street Ada OH 45810 310883788 501(c)(3) 15000 College Goal Sunday UW-Eau Claire 105 Garfield Avenue Eau Claire WI 54702 396006492 501(c)(3) 69860 Career Ready Grant / Blugold Beginnings Grant UW-Whitewater 800 West Main Street Whitewater WI 53190 391805963 Govt 109457 Career Ready Internship Grant UW-Green Bay 2420 Nicolet Drive Green Bay WI 54311 391805963 Govt 105332 Career Ready Internship Grant UW-Milwaukee School of Continuing Education Drawer No 491 Milwaukee WI 532930491 391805963 GOVT 65296 College Success Continuation Program UW-Parkside 900 Wood Road Kenosha WI 53141 391805963 Govt 25775 Career Ready|Project Success|College Success Grants Alverno College 3400 South 43rd Street Milwaukee WI 53234 390806263 501(c)(3) 206048 College & Career Ready Programs Boys and Girls Club of Dane County 2001 Taft Street Madison WI 53713 391925617 501(c)(3) 650404 AVID/TOPS Program Carroll University 100 N East Avenue Waukesha WI 531863103 390806325 501(c)(3) 20805 Career Ready Grant Council for Opportunity in Education 1025 Vermont Avenue NW Suite 900 WASHINGTON DC 20005 521221301 501(c)(3) 7746 Opportunity in Education Chippewa Valley Technical College 620 W Clairemont Ave Eau Claire WI 54701 391233557 501(C)(3) 24505 CAPS Program Grant Marquette University 1324 W Wisconsin Ave Suite 341 Milwaukee WI 53233 390806251 501(c)(3) 7466 Career Ready Internship Grant Madison Area Technical College 3550 Anderson Street Madison WI 53704 391086718 Govt 46277 College Success Grant Mid-State Technical College 500 32nd St N Wisconsin Rapids WI 54494 391333783 501(c)(3) 33471 College Success Program Grant Mount Mary University 2900 N Menomonee River Milwaukee WI 53222 380806154 501(c)(3) 75306 College Success Program Grant Pathways to College Inc 8800 West Bluemound Rd Milwaukee WI 53226 451539053 501(c)(3) 70264 Pathways PreCollege Grant Scholarship America One Scholarship Way St Peter MN 56082 042296967 501(c)(3) 10943 Dreamkeepers Program Grant St Norbert College 100 Grant Street De Pere WI 54115 391399196 501(c)(3) 24424 STAR Program Grant United Community Center 1028 South 9th Street Milwaukee WI 53204 391146191 501(c)(3) 55100 Abriendo Puertas Program Grant United Way of Dane County 2059 Atwood Avenue Madison WI 53704 390817532 501(c)(3) 10000 Sponsorship of Loaned Executive UW-Marathon County 518 South 7th Avenue Wausau WI 54401 391805963 Govt 95621 TRIO-Student Support Services Grant UW-Oshkosh 800 Algoma Blvd Oshkosh WI 54901 391805963 Govt 85111 Career Ready grant and First Year Scholars/Future Young Professionals Program UW-Superior 780 Regent St Suite 255 Madison WI 53715 391805963 Govt 105617 Career Ready & I-CAN PreCollege Success Programs National College Access Network (NCAN) 1001 Connecticut Ave NW 632 Washington DC 20036 311793562 501(c)(3) 22040 National Conference Sponsor Milwaukee Public Schools 5225 W Vliet Street PO Box 2181 Milwaukee WI 53201 396003457 Govt 552887 College Access Center Milwaukee Area Technical College 700 West State Street Milwaukee WI 53233 391341603 501(c)(3) 316525 College Bound Grant Beloit College 700 College Street Beloit WI 535115509 390808497 501(c)(3) 90000 Career Ready Internship Grant Cardinal Stritch University 6801 N Yates Road Milwaukee WI 53217 390806196 501(c)(3) 126526 LDRS Program/Career Ready Carthage College 2001 Alford Park Drive Kenosha WI 53140 370661496 501(c)(3) 92259 Career Ready Internship Grant Central Minnesota Jobs & Training Services 406 E 7th Street Monticello MN 553620720 411484048 501(c)(3) 65433 Academic Improvement Matters Grant College of St Benedict 37 College Ave S St Joseph MN 563742001 410969244 501(c)(3) 129783 Career Ready Internship Grant College Possible 540 Fairview Ave N St Paul MN 55104 411968798 501(c)(3) 1311970 College Possible Program Community Action Center of Northfield 1400 Division Street Northfield MN 55057 410970984 501(c)(3) 22264 TORCH Program Grant Donors Forum of Wisconsin 759 N Milwaukee Street Suite 512 Milwaukee WI 53202 396236498 501(c)(3) 11250 Sponsorship of statewide conference Fox Valley Technical College PO Box 2277 Appleton WI 549122277 391264389 501(c)(3) 66343 Scholars for Success Program Grantmakers for Education 720 SW Washington Street Suite 605 Portland OR 97205 330919329 501(c)(3) 31025 Conference Sponsorship Iowa Western Community College 2700 College Rd Council Bluffs IA 51503 421224333 501(c)(3) 47783 Be First Program Grant Lakeland College PO Box 359 Sheboygan WI 530820359 390821861 501(c)(3) 14940 Career Ready Internship Grant Lawrence University 115 South Drew Appleton WI 54912 390806297 501(c)(3) 89019 Career Ready Internship Grant Mercy College of Health Sciences 928 6th Avenue Des Moines IA 503091225 421511682 501(c)(3) 27740 Steps to Success Program Minneapolis Community and Technical College 1312 Harmon Place Minneapolis MN 55403 411687554 Govt 5041 College Success Program Grant Northstar Education Services LLC 2401 International Lane Madison WI 53704 461047811 LLC-DISREGARDED 189720 GradReady Financial Literacy Grant Regents - University of Minnesota 56 E River Road Minneapolis MN 554550364 416007513 501(c)(3) 417664 College Ready, Career Ready & College Success Grants Ripon College 300 W Seward Street Ripon WI 549711477 390826049 501(c)(3) 72988 Career Ready Internship Grant Silver Lake College 2406 S Alverno Road Manitowoc WI 54220 390980974 501(c)(3) 102230 Career Ready Internship Grant St Cloud State University 720 4th Avenue S St Cloud MN 56301 411687554 Govt 80144 College Success Program Grant UW-Madison 432 N Murray Street Madison WI 53706 391805963 Govt 90000 College Ready (PEOPLE) Program Grant UW-River Falls 315 North Hall 410 S Third Street River Falls WI 540225001 391805963 Govt 39088 Career Ready Internship Grant UW-Stevens Point Stdt Services Ctr Stevens Point WI 54481 391805963 Govt 140669 Career Ready Internship Grant Vera Court Neighborood Center 614 Vera Court Madison WI 537041938 391945609 501(c)(3) 17550 Rise Program Grant Viterbo University 900 Viterbo Drive La Crosse WI 546018804 390978445 501(c)(3) 135383 Career Ready Internship Grant Ashland University 401 College Avenue Ashland OH 44691 340714626 501(c)(3) 147408 Career Ready Internship Grant Augsburg College 2211 Riverside Ave Minneapolis MN 554541351 410694721 501(c)(3) 137857 Career Ready Internship Grant Baldwin Wallace University 275 Eastland Road Berea OH 440172088 340714629 501(c)(3) 78899 College Success Grant Board of Regents of UW System 1305 Linden Drive 205 UW Madison Madison WI 537061523 391805963 145899 Career Ready Internship Grant Briar Cliff University 3303 Rebecca Street Sioux City IA 51104 420707124 501(c)(3) 29087 College Success Grant Carnegie Foundation-Advancement of Teaching 51 Vista Lane Stanford CA 94305 131623924 501(c)(3) 500000 Expansion of Community College Pathways Program (CCPP) Clarke University 1550 Clarke Drive Dubuque IA 520013117 420680408 501(c)(3) 135717 College Success Grant Cleveland State University Foundation 2121 Euclid Avenue Cleveland OH 44115 341316665 501(c)(3) 80081 Career Ready Internship Grant College of St Scholastica Inc 1200 Kenwood Avenue Duluth MN 558114199 410698301 501(c)(3) 16345 Career Ready Internship Grant Cuyahoga Community College Foundation 700 Carnegie Avenue Cleveland OH 44115 237320719 501(c)(3) 95412 College Ready Grant Des Moines Area Community College 2006 S Ankeny Boulevard Ankeny IA 50023 420926354 501(c)(3) 80000 College Success Program Friends of Saint Paul College 235 Marshall Avenue St Paul MN 55102 271631689 501(c)(3) 148985 College Ready Grant Grand View University 1200 Grandview Avenue Des Moines IA 50316 420681049 501(c)(3) 37903 College Success Program Wisconsin Higher Education Aids Board HEAB 131 W Wilson Street Suite 902 Madison WI 53703 391051231 Govt. 1828169 STEM Scholarship Funding Hiram College PO Box 1808 Hiram OH 44234 340714670 501(c)(3) 90824 Career Ready Internship Grant Indian Hills Community College 525 Grandview Avenue Ottumwa IA 52501 420923689 Govt. 49698 College Success Program Jefferson School for the Arts 1800 E Avenue Stevens Point WI 544813709 GOVT 5403 Unite for our Communities John Carroll University 1 John Carroll Blvd University Heights OH 441184538 340714681 501(c)(3) 97915 Career Ready Internship Grant Kent State University PO Box 5190 232 Schwartz Center Kent OH 44242 316402079 GOVT 78338 Career Ready Internship Grant Lakeshore Elementary School 711 Lake Street Eau Claire WI 547035477 396001817 GOVT 7920 Unite for Our Communities Loras College 1450 Alta Vista Street Dubuque IA 52001 420680412 501(c)(3) 118596 Career Ready Internship Grant Macalester College 1600 Grand Avenue Saint Paul MN 551051801 410693962 501(c)(3) 23455 Career Ready Internship Grant MDRC 16 East 34th Street New York NY 10016 237379473 501(c)(3) 2262974 Grant for MDRC's Replication of Accelerated Study in Association Programs (ASAP) at Community Colleges in Ohio Metropolitan State University Foundation 700 7th Street E Saint Paul MN 551065003 237296162 501(c)(3) 117765 Career Ready Internship Grant Milwaukee Institute of Art & Design 273 E Erie St Milwaukee WI 53202 391201561 501(c)(3) 46790 Career Ready Internship Grant Oberlin College 173 W Lorain St Oberlin OH 440741057 340714363 501(c)(3) 128073 Career Ready Internship Grant Ohio Dominican University 1216 Sunbury Road Columbus OH 432192086 314379560 501(c)(3) 40996 College Success Grant Ohio Wesleyan University 61 S Sandusky St Delaware OH 43015 314379585 501(c)(3) 94239 Career Ready Internship Grant Rainwater Elementary School 1408 E Frankford Rd Carrollton TX 750075624 756000328 GOVT 5958 Unite for Our Communities Simpson College 701 N C Street Indianola IA 501251202 420680389 501(c)(3) 119700 Career Ready Internship Grant St Catherine University 2004 Randolph Ave Saint Paul MN 551051789 410695509 501(c)(3) 112559 Career Ready Internship Grant Trustees of Hamline Univ of Minnesota 1536 Hewitt Ave Saint Paul MN 55104 410693960 501(c)(3) 95241 Career Ready Internship Grant University of Findlay 1000 N Main St Findlay OH 458403653 344431169 501(c)(3) 127393 Career Ready Internship Grant University of Minnesota c/o The University Tax Management O 2221 University Ave SE Ste 100 Minneapolis MN 55414 416007513 Govt 116341 Career Ready Internship Grant University of Northwestern-St Paul 3003 Snelling Ave N St Paul MN 551131501 410711610 501(c)(3) 131033 Career Ready Internship Grant USSA Foundation 1211 Connecticut Ave NW Ste 406 Washington DC 200362719 237211922 501(c)(3) 24100 USSA Legislative Conference WASFAA-WI WI Association of Financial Aid Adm 100 N East Ave Waukesha WI 53186 396279228 501(c)(3) 18000 College Goal Program Wittenberg University PO Box 720 Springfield OH 45501 310537177 501(c)(3) 39143 College Success Grant Youngstown State University One University Plaza Youngstown OH 44555 341011998 GOVT 95183 Career Ready Internship Grant Association of Public & Land-Grant Universities 1307 New York Avenue NW Suite 400 Washington DC 20005 530183246 501(c)(3) 113500 Innovation challenge program Association of American Colleges & Universities 1818 R Street NW Washington DC 20009 521945674 501(c)(3) 34748 Commiting to Equity Grant Civic Nation 1415 Chapin St NW 208 Washington DC 20009 473576918 501(c)(3) 50000 College Promise Campaign Grant College Now Greater Cleveland Inc 50 Public Square Ste 1800 Cleveland OH 44113 346580096 501(c)(3) 180000 College Ready (RISE) Grant Denison University PO Box 810 Granville OH 43023 314379459 501(c)(3) 7177 Career Ready Grant Excelencia in Education 1717 N St N W 2nd Fl Washington DC 20036 200927912 501(c)(3) 10150 Latino Student Success Funders Group Foundation for Madison's Public Schools Inc 101 Nob Hill Road Ste 300 Madison WI 53713 392043104 501(c)(3) 7380 Circle of Friends / Milton McPike Memorial Fund Kent State University Foundation Inc PO Box 5190 Kent OH 442420001 346576307 501(c)(3) 90928 Career Ready Internship Grant Madison Metropolitan School District 545 W Dayton Street Madison WI 53703 396003202 GOVT 62500 Summer Melt Intervention Grant Marietta College 215 Fifth Street Marietta OH 45750 314379584 501(c)(3) 8910 Career Ready Internship Grant Minnesota Council on Foundations 800 Washington Ave N Ste 703 Minneapolis MN 554012759 411269275 501(c)(3) 5325 Membership investment grant Northland College 1411 Ellis Ave Ashland WI 54806 390806428 501(c)(3) 40844 Career Ready Internship Grant Ohio Association of Community Colleges 175 S 3rd St Suite 560 Columbus OH 43215 311391013 Govt 132825 Student Success Leadership Institute Expansion Ohio University West Union St Office Center Ste 20 Athens OH 45701 316402113 Govt 14998 Career Ready Internship Grant Rector & Visitors of University of Virginia 1001 N Emmet Street Charlottesville VA 229044195 546001796 501(c)(3) 71692 Summer Melt Intervention School District of Janesville 527 S Franklin St Janesville WI 53548 396002726 GOVT 19700 Summer Melt Intervention Single Stop USA Inc 123 William St Ste 901 New York NY 10038 208837690 501(c)(3) 500000 Technology-based approach to drive college access Stark State College Foundation 6200 Frank Ave NW North Canton OH 44720 341577595 501(c)(3) 70838 College Ready (PASS) Program Stevens Point Area Public School District 1900 Polk Street Stevens Point WI 54481 396004667 GOVT 17000 Summer Melt Intervention Tiffin University 155 Miami Street Tiffin OH 44883 344427516 501(c)(3) 9750 Career Ready Internship Grant William Penn University 201 Trueblood Avenue Oskaloosa IA 52577 420707120 501(c)(3) 5753 Career Ready Internship Program 109 2 Wisconsin Covenant Scholar Program 4005 4556547 College Access Advising 42162 1949786 Jim Elliott Apprentice Scholarship 20 20000 Tools of the Trade Scholarship 149 149000 Form 990, Schedule I - Part III, Line 1 Great Lakes Higher Education Guaranty Corporation (GLHEGC) received periodic reports detailing the distribution of the Wisconsin Covenant Scholar grant funds to postsecondary schools (who disbursed the grants directly to the recipients). The recipients were determined based on criteria defined by the Program and no individual recipient receives more than $1,500 per year. Form 990, Schedule I - Part III, Line 2 The College Access Advising team provides workshops, free materials, and one-on-one advising to students, parents and high school counselors across Wisconsin and South Dakota. GLHEGC tracks the number of recipients of these services and no individual recipient receives a benefit greater than $500. Form 990, Schedule I - Part III, Line 3 The Jim Elliott Apprentice Scholarship program is to benefit construction trade apprentices, to be applied toward the cost of tuition, books, work clothes and tools. The recipients were determined based on criteria defined by the program and no individual recipient receives more than $1,000 per year. Form 990, Schedule I - Part III, Line 4 Tools of the Trade Apprentice Scholarship program to benefit construction and industrial trade apprentices, to be applied toward the cost of tuition, books, work clothes and tools. The recipients were determined based on criteria defined by the program and no individual recipient receives more than $1,000 per year. Form 990, Schedule I - Part I, Line 2 Description of Organization's Procedures for Monitoring the use of Grants in the United States: Great Lakes Higher Education Guaranty Corporation (GLHEGC) receives periodic reports from funded programs to determine whether the program is successfully meeting its goals and objectives, and whether the provided funds were appropriately expended. GlHEGC's staff conducts site visits to college access supported programs to observe the program. Where practicable, the disbursements are scheduled to coincide with program activities. false true false false false false false false false Richard D George 23 Chairman/Pres/Ceo/Treasurer 0 296512 0 300585 0 294833 0 58926 0 21045 0 971901 0 0 Amy Kobishop 3 VP - Community Investments 135000 0 130611 0 407 0 31833 0 2386 0 300237 0 0 0 Beth Erickson 3 VP - Repayment Solutions 132908 0 130618 0 1140 0 31822 0 15382 0 311870 0 0 0 Jacqueline Fairbairn 3 VP - Policy/Regul Compliance 127163 0 130573 0 631 0 31800 0 30799 0 320966 0 0 0 Ellen Welke Director - Default Collections 97598 0 26287 0 1266 0 15429 0 19186 0 159766 0 0 0 JASON E RASMUSEN DIRECTOR - STRAT COMMUNICATION 117690 0 3610 0 590 0 15239 0 25528 0 162657 0 0 0 Rebecca St John 3 Gen. Counsel & Asst Secretary 0 124423 0 130585 0 278 0 31143 0 27522 0 313951 0 0 Supplemental Compensation Information The Following individuals participated in a supplemental nonqualified retirement plan: Richard George and Jacqueline Fairbairn. There were no new payments into the plan. The supplemental nonqualified plan (OptionIt Plan) was in effect for four years (1998-2001), awarded in each of the subsequent years (1999-2002) and was offered by the employer to management and staff for retention purposes. Per the terms of the plan, withdrawals are required no later than fifteen years after the initial award date. Great Lakes Educational Loan Svcs Contrl Ent/officer ovrlap 440000 GLHEGC Bldg Rent to GLELSI false Great Lakes Educational Loan Svcs Contrl Ent/officer ovrlap 3211548 Intercompany Reimb. to GLELSI false Great Lakes Educational Loan Svcs Contrl Ent/officer ovrlap 10132259 Intercompany Trans.-Bldg Sale false Description of Transactions Great Lakes Educational Loan Services, Inc. is a for-profit subsidiary of Great Lakes Higher Education Corporation. Richard D. George serves as the Chairman and Treasurer, and the President and CEO of Great Lakes Higher Education Guaranty Corporation. He also serves as the Chairman of Great Lakes Educational Loan Services, Inc. Form 990, Part VI, Question 6 & 7A Great Lakes Higher Education Corporation, a nonprofit 501(c)(3) corporation, is the sole member of Great Lakes Higher Education Guaranty Corporation (GLHEGC) and has the authority to appoint the GLHEGC board. Form 990, Part VI, Question 7b Great Lakes Higher Education Corporation, a nonprofit 501(c)(3) corporation, as sole member of Great Lakes Higher Education Guaranty Corporation (GLHEGC), has the authority provided by Wis. Stats. Chapter 181 to approve certain actions related to merger, conversion, sale of assets and dissolution. Form 990, 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. 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. Form 990, Part VI, Question 15b The compensation of all of the officers is determined annually by the Personnel Policy Committee of the Board of Directors. The Personnel Policy Committee's report is submitted to the Board of Directors for approval. The decisions are documented in the Board minutes. Every two to three years, an independent compensation study is performed. Financial Statements to General Public: Form 990, Part VI, Question 19 Federal tax law does not require that 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 1-3 hours per week to their position(s). (2) Inside directors are not eligible for Board compensation. (3) Non-operating officer position not separately compensated. (4) Board compensation is applied to firm retainer for outside counsel services. Form 990, Part IX, Line 24c Allocated expenses include salaries, fringe benefits, supplies and services allocated from Great Lakes Higher Education Corporation for management and administrative services; and the GLHEC/GLELSI agreement expenses for guaranty service activities, technology support and administrative support. Great Lakes Higher Education Corporation 2401 International Lane Madison WI 53704 391090394 Stdnt Ln Svcs WI 501(c)(3) 11B Type 2 NA false Northstar Guarantee Inc 2401 International Lane Madison WI 53704 411689095 Stdt Rehab Ln MN 501(C)(3) 9 GLHEC true Great Lakes Educational Loan Svcs Inc 2401 International Lane Madison WI 53704 391864035 Student Loan WI NA C Corp true false true false false false false true false false false true false false false false true false false false Great Lakes Educational Loan Services Inc K 440000 FMV Great Lakes Educational Loan Services Inc P 3211548 ACTUAL COST Northstar Education Services LLC b 189720 ACTUAL COST Great Lakes Educational Loan Services Inc g 10132259 FMV