2016-05-16T18:44:27-05:00 2015-06-30 850450765 Urbielewicz Murphree CPAs PC 2469 Corrales Road Suite A-5 Corrales NM 87048 990 2014-07-01 850291313 New Mexico Educational Assistance Foundation NEWM 5057612063 PO Box 27020 Albuquerque NM 871257020 Brad Allpass Vice President of Finance 5057612063 2016-05-16 1 Karen Urbielewicz CPA P00228679 5058977382 2014 2016-08-17 19:52:53Z New Mexico Student Loans Michael Nemelka PO Box 27020 Albuquerque NM 871257020 22051767 0 X www.nmstudentloans.org X 1981 NM To create educational opportunities for the residents of New Mexico by providing student loans. 5 5 0 0 0 0 329609 122784 23374752 21876204 32084 52779 0 0 23736445 22051767 0 0 0 0 8246162 6795350 0 0 0 16496883 14598830 24743045 21394180 -1006600 657587 916329911 812217656 791121336 692339425 125208575 119878231 X New Mexico Student Loans is an association of full service lending, loan servicing and loan guarantee organizations providing quality financial services and cultivating strong professional relationships to encourage, and assist in, the pursuit of higher education, thus enhancing the quality of life and future success of our stakeholders. 0 0 15104849 21146280 Student Loan Programs: Originate, purchase and service student loans. Program service expense amounts include cost of interest on debt issued to fund loans. The number of outstanding loans on 6/30/15 was 135,311.. 729924 729924 Student Loan Programs: Provide administrative service for the New Mexico Student Loan Guarantee Corporation, functioning as the Guaranty Agency under the Guaranteed Student Loan Program (Federal Family Education Loan Program). 15834773 1 0 0 1 0 0 0 0 1 0 1 0 1 0 1 0 0 0 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 0 0 0 0 0 0 0 0 0 0 0 X 5 5 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NM X X Brad Allpass 5057612063 7400 Tiburon NE Albuquerque NM 87109 Dan Salzwedel Vice Chairperson 2.00 X 0 0 0 Eileen Givler Secretary/Treasurer 2.00 X 0 0 0 Gavin Gillette Director 2.00 X 0 0 0 Pauline Garcia Chairperson 2.00 X 0 0 0 Tim Eichenberg Director 2.00 X 0 0 0 Brad Allpass Vice President, Finance 30.00 10.00 X 159927 0 24522 Lucas Covington Asst. Vice Pres, Info Tech 30.00 10.00 X 102952 0 41200 Grace Tackman Asst. Vice Pres, Human Res 30.00 10.00 X 92754 0 15610 Michael Nemelka Executive Vice President 30.00 10.00 X 183282 0 51324 Christopher Sanchez Former Director Internal Audit 0.00 X 116976 0 14806 655891 0 147462 4 1 1 0 Avtex 3500 American Blvd West Suite 300 Bloomington MN 55431 Telephone System Install 451836 Data Print 5201 Venice Avenue SE Suite E Albuquerque NM 87113 Outside Mail Service 398043 TEKsystems 2155 Louisiana Blvd NE Suite 6700 Albuquerque NM 87110 TEmp Agency 193416 CenturyLink 100 CenturyLink Drive Monroe LA 71203 Telephone Service 181293 Custom Storage 271 US Highway 46 Suite H111 Fairfield NJ 07004 Computer Systems 168121 5 122784 122784 Student Loan Interest 900099 29186614 29186614 Late and Legal Fees 900099 1261798 1261798 Service Fees 900099 729924 729924 Other Revenue 900009 215529 215529 Purchase Fees 900099 -1358 -1358 -9516303 -9516303 21876204 52779 52779 22051767 21876204 0 52779 643271 160818 482453 4576557 2460419 2116138 282708 141919 140789 870798 436865 433933 422016 225511 196505 226987 226987 96300 96300 468148 183415 284733 44682 19111 25571 836165 757856 78309 482675 482675 371167 186326 184841 68171 23725 44446 5825525 5825525 606626 606626 123399 123399 Department of Education 2808101 2808101 Student Loan Related Co 2187981 2187981 Trust Expense 269694 269694 Bad Debt Expense 131707 131707 51502 15800 35702 21394180 15834773 5559407 0 9212 89 16957067 8324774 105373 79877 724452038 642765455 6031170 4852803 13277317 7392885 5702199 5884432 125699424 120558234 37373428 29751992 916329911 812217656 3600010 3427282 547262577 485902008 789 0 240257960 203010135 791121336 692339425 X 0 0 0 0 125208575 119878231 125208575 119878231 916329911 812217656 657587 -5987931 0 X X 0 1 X 1 1 1 X 458841 405506 293185 329609 122784 1609925 38355199 29622877 26258951 23374752 21876204 139487983 38814040 30028383 26552136 23704361 21998988 141097908 0 3904321 3904321 3904321 3904321 137193587 181853 147907 324223 32084 52779 738846 181853 147907 324223 32084 52779 738846 38995893 30176290 26876359 23736445 22051767 141836754 0.96730 0.96710 0.00520 0.00820 X 0 1 0 0 0 0 1 10447 0 0 10447 0 Part II-B, Line 1: The New Mexico Educational Assistance Foundation is a member of the Education Finance Council (EFC). EFC is a non-profit trade association that represents state based student loan secondary market organizations, including scholarship funding corporations throughout the country. These public purpose organizations are dedicated to the single purpose of making sure students can get the money they need to attend college. The President of New Mexico Educational Assistance Foundation also calls and meets with the New Mexico State legislature to determine the status of loan funding in the state of New Mexico. 0 1 X 1011520 1011520 6486727 2462898 4023829 2040148 1556869 483279 3738922 3373118 365804 5884432 Fidelity Money Market 216 F Trustee Loan Program Funds 120558018 F 120558234 Taxable Bonds O/S 195000000 Special Allowance Payable 3480058 Deferred Gain on Refunded Bond 4210617 Other Deferred Gain 319460 203010135 16063836 0 16063836 5987931 5987931 22051767 21394180 0 21394180 0 21394180 Part IV, Line 2b: Deposits in transit are held for other banks and financial institutions as of June 30, 2015. These amounts transferred to the owners in July. Part XI, Line 4b - Other Adjustments: Decrease in FMV of Derivative Instruments 5,987,931. X X X X 1 0 0 0 0 0 0 0 0 Brad Allpass Vice President, Finance 159877 0 50 0 0 0 0 0 12261 0 172188 0 0 0 Michael Nemelka Executive Vice President 176032 0 7250 0 0 0 0 0 25662 0 208944 0 0 0 Christopher Sanchez Former Director Internal Audit 116976 0 0 0 0 0 0 0 7403 0 124379 0 0 0 Part I, Line 4a Severance paid to Christopher Sanchez in the amount of $124,379. A New Mexico Educational Assistance Foundation 850291313 647110CP8 2003-10-09 89590000 Education Loan Bonds 0 1 0 B New Mexico Educational Assistance Foundation 850291313 647110CV5 2004-04-21 109750000 Education Loan Bonds 0 1 0 C New Mexico Educational Assistance Foundation 850291313 647110D67 2007-08-01 113430000 Education Loan Bonds 0 1 0 D New Mexico Educational Assistance Foundation 850291313 647110DU6 2009-09-16 292170000 Education Loan Bonds 0 1 0 A 79590000 92765233 579000 632743 91553490 2005 1 0 1 1 B 98100000 112043642 1097500 652945 110293197 2005 1 0 1 1 C 74030000 114329058 882556 113446502 2008 0 0 1 1 D 103880000 303925526 2921863 3484705 297518958 2010 1 0 1 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 C 0 0 0 0 0 0 1 D 0 0 0 0 0 0 1 A 1 1 0 0 0 1 B 1 1 0 0 0 1 C 0 0 0 1 1 0 0 0 1 D 0 0 0 1 1 1 Royal Bank of Canada 11.000000000000 0 0 0 0 1 A 1 B 1 C 1 D 1 Date Rebate Computation Performed Issuer Name: New Mexico Educational Assistance Foundation Date the Rebate Computation was Performed: 05/01/2012 Issuer Name: New Mexico Educational Assistance Foundation Date the Rebate Computation was Performed: 05/01/2014 Part II, Line 3 In all cases - the difference between the original issue price and the net proceeds is the Earnings on Investments and Student Loans net of any arbitrage liability during the proceeds period. Schedule K - Refunding Bond A (2003) refunded all or portion of bonds: Issue dates 2/1/1994; 7/15/1994; 3/15/1995; 11/1/1995; 9/5/1996; 2/24/1998; 5/18/1999; and 10/17/2000 Schedule K - Refunding Bond A (2004) refunded all or portion of bonds: Issue dates 2/1/1994; 7/15/1994; 3/1/1995; 11/1/1995; 9/5/1996; 2/24/1998; 5/18/1999; 10/17/2000; 12/3/2001; and 12/9/2002 Schedule K - Refunding Bond A (2009) refunded all or portion of bonds: Issue dates 11/1/1995; 7/15/1996; 2/24/1998; 5/18/1999; 12/3/2001; 10/9/2003; 10/13/2005; and 7/26/2006 A New Mexico Educational Assistance Foundation 850291313 647110FB6 2010-09-22 198700000 Education Loan Bonds 0 1 0 B New Mexico Educational Assistance Foundation 850291313 647110FD2 2010-12-15 167300000 Education Loan Bonds 0 1 0 A 78020000 198817887 1262800 1385558 196169529 2010 1 0 1 1 B 67700000 167300136 1000500 1010973 165288663 2010 1 0 1 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 A 0 0 0 1 1 1 Royal Bank of Canada 15.000000000000 0 0 0 0 1 B 0 0 0 1 1 0 0 0 1 A 1 B 1 Form 990, Part VI, Section A, line 7a There is one member of the Board that is a regent. Form 990, Part VI, Section B, line 11 After the independent accountants have prepared the Form 990 it is sent to the Accounting Department of NMEAF where it is reviewed. The Form 990 is then reviewed by the Vice President of Finance. All changes are then forwarded to the independent accountant. When completed the Form 990 is reviewed again and then the Vice President of Finance sends a copy to the members of the governing body to comment. After all comments are reviewed and final changes made, the Vice President of Finance will allow the independent accountant to electronically file the Form 990. Form 990, Part VI, Section B, line 12c To guard against situations involving a conflict of interest, all directors, officers, and employees will receive a copy of New Mexico Student Loans' (NMSL) Code of Conduct and must complete and sign an annual disclosure statement identifying his or her business and/or property and financial interests in any organization that has or is interested in having any contract with NMSL. Additionally, directors, officers and employees are prohibited from using his/her official status to interfere with a public election, solicit or coerce contributions for political purposes, or use organizational funds for a political candidate. An employee who wishes to become a candidate for public office must have Board approval Any conflicts of interest for a director, officer, employee, or family memebers thereof with regards to a financial interest or business dealings (unless with a division of the State of New Mexico) must be disclosed in writing and discussed at Board meetings. These dealings are to be reflected in the minutes. Form 990, Part VI, Section B, line 15 The President's salary is set by analyzing competitors' salaries annually. Surveys are conducted each year to ensure that the President's salary is reasonable. The compensation is enumerated by contract and discussed by the Board in executive session. Deliberations are documented in the minutes and supported by a performance evaluation. Employee's salaries are set by analyzing competitors' salaries annually. The compensation is enumerated by an approved salary structure within set ranges. Deliberations by upper management are documented with a performance evaluation. Raise pools and total salaries expense are reviewed and approved by the Board. Form 990, Part VI, Section C, line 19 NMEAF posts the audited financial statements on their website. Audited financial statements are sent to Dun and Bradstreet and are available through that website as well. Copies of the audited financials and notes are available upon request. Governing documents and internal policies are not made available to the public at this time. Form 990, Part XII, Line 2c There has been no change in the process for oversight of the audit or selection of an independent auditor. Form 990, Part IV, Question 24b Tax Exempt Bonds relating to Student Loans do not have a temporary period. Form 990, Part VII The compensation reported on this schedule includes deductions for cafeteria plan deductions. The cafeteria plan deductions have been added to Form W-2, Box 5 to properly report compensation. New Mexico Student Loan Guarantee Corporation 7400 Tiburon NE Albuquerque NM 87109 850291314 FFELP Student Loan Guarantor NM 501(c)(3) 9 N/A 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 1 0 0 New Mexico Student Loan Guarantee Corporation J 111479 New Mexico Student Loan Guarantee Corporation L 430703 New Mexico Student Loan Guarantee Corporation Q 524200