2015-09-09T16:54:55-05:00 2014-12-31 ERNST & YOUNG US LLP 111 MONUMENT CIRCLE SUITE 4000 INDIANAPOLIS IN 46204 990 2014-01-01 391853833 Great Lakes Higher Education Guaranty Corp % NANCY SEIFERT GREA 6082461744 2401 International Lane Suite Madison WI 53704 richard d george President & CEO 2015-09-09 Jennifer L Lynch P01255855 3126817000 2014 2016-04-25 22:37:26Z Richard D George 2401 International Lane Madison WI 53704 184222915 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 6 230 0 0 38389965 225000 223964710 179406916 738961 1433819 192278 1175391 263285914 182241126 14226840 22921861 0 0 12391404 11491489 0 0 0 63455279 47840361 90073523 82253711 173212391 99987415 476849055 576295637 33631206 33073863 443217849 543221774 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 78490971 22921861 179406916 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. 78490971 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 130388 0 true 230 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 Janice Hesalroad 1 Director 1.0 2.0 X 6334 12666 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 6334 12666 0 Richard D George 23 Chairman/Pres/Ceo/Treasurer 1.0 59.0 X X 0 899436 102106 Nancy Seifert 3 CFO/Asst Secretary 1.0 54.0 X 0 387859 61273 Amy Kobishop VP - Community Investments 50.0 0.0 X 250931 0 33044 Beth Erickson VP - Repayment Solutions 50.0 0.0 X 249249 0 43039 Jacqueline Fairbairn VP - Policy/Regul Compliance 50.0 0.0 X 255438 0 58303 Ellen Welke Director - Default Collections 45.0 0.0 X 126518 0 30534 Steven A Schmidt Communication Team Lead 45.0 0.0 X 114484 0 30156 JASON E RASMUSEN DIRECTOR - STRAT COMMUNICATION 45.0 0.0 X 101272 0 26675 BENJAMIN P DOBNER DIRECTOR - COMM INVESTMENTS 45.0 0.0 X 98901 0 20447 1251711 1320377 405577 6 false true false 0 225000 225000 COLLECTIONS & REHABILITATIONS 900099 151614920 151614920 ACCOUNT MAINTENANCE FEES 900099 20221254 20221254 DEFAULT AVERSION FEES 900099 7450742 7450742 RENTAL INCOME OR (LOSS) 532000 120000 120000 179406916 1435668 1435668 0 0 2114000 1979940 134060 0 134060 134060 1849 -1849 -1849 -1849 0 0 0 ALL OTHER REVENUE 900099 1041331 1041331 1041331 182241126 179406916 2609210 16934371 16934371 5987490 5987490 0 0 1116734 953320 163414 0 7803761 7584453 219308 743044 717744 25300 1304992 1259611 45381 522958 507630 15328 0 28745 28745 8700 8700 0 0 0 172045 172045 13854 13854 1242426 1242426 0 0 439032 439032 169890 162263 7627 0 39188 39188 0 0 95488 95488 0 BORROWER SKIP TRACING 355468 355468 COLLECTION FEES 24468214 24468214 CORP SUPPORT FUNC ALLOCATION 17771551 14522614 3248937 DISCOUNT-REHAB LOANS -1899597 -1899597 4935357 4935357 82253711 78490971 3762740 0 7116831 378127 222605807 316822879 0 0 5363221 5490269 0 0 0 0 0 0 0 0 2184643 929488 17995885 3858851 14110271 14137034 208870960 225946032 0 0 0 0 0 0 16597322 12591808 476849055 576295637 6270119 5040889 0 0 5863910 4793141 0 0 0 0 0 0 0 0 0 0 21497177 23239833 33631206 33073863 X 443217849 543221774 0 0 0 0 443217849 543221774 476849055 576295637 99987415 16510 X false true X true true true X 1317329 1700576 2125064 38389965 225000 43757934 115613140 149383595 167860113 223964710 179406916 836228474 0 0 0 116930469 151084171 169985177 262354675 179631916 879986408 0 0 0 0 0 0 0 0 0 0 0 0 0 879986408 2158910 2391989 2583544 2877074 3549668 13561185 0 2158910 2391989 2583544 2877074 3549668 13561185 0 146192 67605 7689 655 1041331 1263472 119235571 153543765 172576410 265232404 184222915 894811065 0.98343 0.98466 0.01516 0.01468 X Supplemental Information *2010 - $100,000 - EAC ELM Redemption RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED true 148122082 24012465 41834576 130299971 false 542661 542661 15731416 2911241 12820175 1001845 716205 285640 719963 231405 488558 14137034 0 RESERVE-DEFAULT AVERSION FEES 15646304 INTERCOMPANY & MISC. PAYABLES 6419956 COMPENSATION PLAN PAYABLE 1173573 23239833 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 Edgewood College 1000 Edgewood College Dr Madison W Madison WI 53711 390806202 501(c)(3) 509220 Committed to College Program OASFAA Ohio Northwestern University 525 South Main Street Ada OH 45810 310883788 501(c)(3) 15000 College Goal Sunday Urban League of Greater Madison 2222 S Park St ste 200 madison wi 5 Madison WI 537132168 391098146 501(c)(3) 80128 Urban League Scholars Academy Program Grant and sponsorship of Advancing Talent, Opportunity, & Prosperity Summit UW-Eau Claire 105 Garfield Avenue Eau Claire WI 54702 396006492 501(c)(3) 291376 Commanding English Grant Blugold Beginnings Grant UW-Whitewater 800 West Main Street Whitewater WI 53190 391805963 Govt 127303 Career Ready Internship Grant UW-Green Bay 2420 Nicolet Drive Green Bay WI 54311 391805963 Govt 123751 Career Ready Internship UW-Parkside 900 Wood Road Kenosha WI 53141 391805963 Govt 178420 Career Ready|Project Success|College Success Grants Alverno College 3400 South 43rd Street Milwaukee WI 53234 390806263 501(c)(3) 290868 Promise Scholars Program Boys and Girls Club of Dane County 2001 Taft Street Madison WI 53713 391925617 501(c)(3) 662380 AVID/TOPS Program Carroll University 100 N East Avenue Waukesha WI 531863103 390806325 501(c)(3) 37849 Career Ready Grant Council for Opportunity in Education 1025 Vermont Avenue NW Suite 900 WASHINGTON DC 20005 521221301 501(c)(3) 7074 Opportunity in Education Chippewa Valley Technical College 620 W Clairemont Ave Eau Claire WI 54701 391233557 501(C)(3) 54123 CAPS Program Grant Forward Service Corporation 1402 Pankratz Street Suite 101 Madison WI 53704 391342890 501(c)(3) 35920 Upward Bound Summer Residential Program Marquette University 1324 W Wisconsin Ave Suite 341 Milwaukee WI 53233 390806251 501(c)(3) 35955 Urban Scholars Program Madison Area Technical College 3550 Anderson Street Madison WI 53704 391086718 Govt 318317 College Success Grant Mid-State Technical College 500 32nd St N Wisconsin Rapids WI 54494 391333783 501(c)(3) 96253 Pre-Program Preparation Project Grant Mount Mary University 2900 N Menomonee River Milwaukee WI 53222 380806154 501(c)(3) 181306 Promise Plus Project Grant Pathways to College Inc 8800 West Bluemound Rd Milwaukee WI 53226 451539053 501(c)(3) 178070 Pathways PreCollege Grant Scholarship America One Scholarship Way St Peter MN 56082 042296967 501(c)(3) 407761 Dreamkeepers Program Grant St Norbert College 100 Grant Street De Pere WI 54115 391399196 501(c)(3) 130291 STAR Program Grant United Community Center 1028 South 9th Street Milwaukee WI 53204 391146191 501(c)(3) 206039 Abriendo Puertas Program Grant United Way of Dane County 2059 Atwood Avenue Madison WI 53704 390817532 501(c)(3) 77736 Corporate Match for United Way campaign and Sponsorship of Loaned Executive UW-Marathon County 518 South 7th Avenue Wausau WI 54401 391805963 Govt 207873 Student Support Services Grant UW-Milwaukee Foundation Inc 1440 E North Ave Milwaukee WI 53202 237337744 501(c)(3) 96460 Life Impact Program & Upward Bound Program UW-Oshkosh 800 Algoma Blvd Oshkosh WI 54901 391805963 Govt 277326 Career Ready grant and First Year Scholars/Future Young Professionals Program UW-Superior 780 Regent St Suite 255 Madison WI 53715 391805963 Govt 222282 GEARS and Career Ready Initiative Wisconsin Higher Education Business Roundtable Inc 4801 South Biltmore Lane Madison WI 53718 205081379 501(c)(3) 10000 Voices from the Classroom Wisconsin Indianhead Technical College 505 Pine Ridge Drive Shell Lake WI 54871 391176625 501(c)(3) 118100 Wisconsin Workforce Partnership Grant National College Access Network (NCAN) 1001 Connecticut Ave NW 632 Washington DC 20036 311793562 501(c)(3) 25750 National Conference Sponsor Milwaukee Public Schools 5225 W Vliet Street PO Box 2181 Milwaukee WI 53201 396003457 Govt 584687 College Access Center Milwaukee Area Technical College 700 West State Street Milwaukee WI 53233 391341603 501(c)(3) 406025 College Bound Grant Beloit College 700 College Street Beloit WI 535115509 390808497 501(c)(3) 83704 ACT Ready Program Cardinal Stritch University 6801 N Yates Road Milwaukee WI 53217 390806196 501(c)(3) 249381 LDRS Program/Career Ready Carthage College 2001 Alford Park Drive Kenosha WI 53140 370661496 501(c)(3) 133994 Career Ready Internship Grant Central Minnesota Jobs & Training Services 406 E 7th Street Monticello MN 553620720 411484048 501(c)(3) 140486 Academic Improvement Matters Grant Century College Foundation 3300 Century Ave N White Bear Lake MN 55110 237401534 501(c)(3) 83513 College Success Grant College of St Benedict 37 College Ave S St Joseph MN 563742001 410969244 501(c)(3) 14567 Career Ready Internship Grant College Possible 540 Fairview Ave N St Paul MN 55104 411968798 501(c)(3) 1180006 College Possible Program Community Action Center of Northfield 1400 Division Street Northfield MN 55057 410970984 501(c)(3) 82291 TORCH Program Grant Donors Forum of Wisconsin 759 N Milwaukee Street Suite 512 Milwaukee WI 53202 396236498 501(c)(3) 5750 Sponsorship of statewide conference Fox Valley Technical College PO Box 2277 Appleton WI 549122277 391264389 501(c)(3) 156337 Brother to Brother Program Grantmakers for Education 720 SW Washington Street Suite 605 Portland OR 97205 330919329 501(c)(3) 28494 Conference Sponsorship Hibbing Community College 1515 E 25th Street Hibbing MN 557463354 411687554 501(c)(3) 15409 Climb Upward Bound Program Inver Hills Community College Foundation 2500 80th St Inver Grove Heights MN 55076 411410445 501(c)(3) 30195 Student Support Services Program Iowa Western Community College 2700 College Rd Council Bluffs IA 51503 421224333 501(c)(3) 164771 Be First Program Grant Lakeland College PO Box 359 Sheboygan WI 530820359 390821861 501(c)(3) 113554 Career Ready Internship Grant Lawrence University 115 South Drew Appleton WI 54912 390806297 501(c)(3) 162627 Career Ready Internship Grant Mercy College of Health Sciences 928 6th Avenue Des Moines IA 503091225 421511682 501(c)(3) 65712 Steps to Success Program Milwaukee School of Engineering 1121 N Milwaukee St Milwaukee WI 53202 390477970 501(c)(3) 13638 Career Ready Internship Grant Minneapolis Community and Technical College 1501 Hennepin Ave Minneapolis MN 55403 411687554 Govt 5710 Starting Point Program Grant Neighborhood House 179 Robie Street E St Paul MN 551072360 410693916 501(c)(3) 8082 Adult College Readiness Grant Normandale Community College Foundation 9700 Frances Ave S Bloomington MN 55431 411295802 501(c)(3) 7728 Upward Bound Program Grant Northstar Education Services LLC 2401 International Lane Madison WI 53704 461047811 LLC-DISREGARDED 225000 GradReady Financial Literacy Grant Regents - University of Minnesota 56 E River Road Minneapolis MN 554550364 416007513 501(c)(3) 526253 College Ready & College Success Grants Ripon College 300 W Seward Street Ripon WI 549711477 390826049 501(c)(3) 76206 Career Ready Internship Grant Saint Paul College 235 Marshall Avenue Saint Paul MN 55102 411687554 Govt 34037 Below the Midpoint Grant Program Silver Lake College 2406 S Alverno Road Manitowoc WI 54220 390980974 501(c)(3) 144669 Career Ready Internship Grant South Central College PO Box 1920 North Mankato MN 560021920 411649572 501(c)(3) 9979 Pre-College Bridge Program St Cloud State University 720 4th Avenue S St Cloud MN 56301 411687554 Govt 290177 FREE Program Grant St Olaf College 1520 St Olaf Ave Northfield MN 55057 410693979 501(c)(3) 36106 Student Support Services Grant UW-Madison 432 N Murray Street Madison WI 53706 391805963 Govt 26440 Odyssey Project Program Grant UW-Milwaukee School of Continuing Education Drawer No 491 Milwaukee WI 532930491 391805963 Govt 183216 Career Ready Internship Grant UW-River Falls 315 North Hall 410 S Third Street River Falls WI 540225001 391805963 Govt 24758 Career Ready Internship Grant UW-Stevens Point Stdt Services Ctr Stevens Point WI 54481 391805963 Govt 109614 Career Ready Internship Grant Vera Court Neighborood Center 614 Vera Court Madison WI 537041938 391945609 501(c)(3) 41383 Rise Program Grant Vermilion Community College 1900 E Camp Street Ely MN 557311918 411351691 501(c)(3) 42383 College Success Program Grant Viterbo University 900 Viterbo Drive La Crosse WI 546018804 390978445 501(c)(3) 102117 Career Ready Internship Grant YMCA of the Greater Twin Cities 2125 E Hennepin Ave Minneapolis MN 55413 452563299 501(c)(3) 32000 Beacons School Success Grant Moraine Park Technical College 235 N National Ave Fond du Lac WI 54935 391088212 501(c)(3) 206907 Wisconsin Workforce Partnership Grant Nicolet Area Technical College 5364 College Drive Rhinelander WI 54501 391086910 501(c)(3) 191900 Wisconsin Workforce Parnership Grant Southwest Wisconsin Technical College 1800 Bronson Blvd Fennimore WI 53809 391828080 501(c)(3) 238438 Wisconsin Workforce Parnership Grant Ashland University 401 College Avenue Ashland OH 44691 340714626 501(c)(3) 94799 Career Ready Internship Grant Augsburg College 2211 Riverside Ave Minneapolis MN 554541351 410694721 501(c)(3) 10621 Career Ready Internship Grant Baldwin Wallace University 275 Eastland Road Berea OH 440172088 340714629 501(c)(3) 118350 College Success Grant Bethel University 3900 Bethel Drive Saint Paul MN 55112 410708577 501(c)(3) 10623 Career Ready Internship Grant Board of Regents of UW System UW Madison 1305 Linden Drive 205 Madison WI 537061523 1076443 CITRL STEM Faculty Prep Grant Boscobel Area Schools 1110 Park Street Boscobel WI 53805 396001041 9017 Unite for our Communities Briar Cliff University 3303 Rebecca Street Sioux City IA 51104 420707124 501(c)(3) 46827 College Success Grant Carnegie Foundation-Advancement of Teaching 51 Vista Lane Stanford CA 94305 131623924 501(c)(3) 200000 Community College Pathways Program (CCPP) Clarke University 1550 Clarke Drive Dubuque IA 520013117 420680408 501(c)(3) 112655 College Success Grant Cleveland State University Foundation 2121 Euclid Avenue Cleveland OH 44115 341316665 501(c)(3) 22586 Career Ready Internship Grant College of St Scholastica Inc 1200 Kenwood Avenue Duluth MN 558114199 410698301 501(c)(3) 35000 Career Ready Internship Grant Cuyahoga Community College Foundation 700 Carnegie Avenue Cleveland OH 44115 237320719 501(c)(3) 157505 College Ready Grant Des Moines Area Community College 2006 S Ankeny Boulevard Ankeny IA 50023 420926354 501(c)(3) 120000 College Success Program Friends of Saint Paul College 235 Marshall Avenue St Paul MN 55102 271631689 501(c)(3) 158984 College Ready Grant Grand View University 1200 Grandview Avenue Des Moines IA 50316 420681049 501(c)(3) 99028 College Success Program Growing Together Initiative Gompers Elementary/Black Hawk Middl 1502 Wyoming Way Madison WI 537041838 68000 Playground equipment funds Wisconsin Higher Education Aids Board HEAB 131 W Wilson Street Suite 902 Madison WI 53703 391051231 Govt. 500000 STEM Scholarship Funding Hiram College PO Box 1808 Hiram OH 44234 340714670 501(c)(3) 33000 Career Ready Internship Grant Indian Hills Community College 525 Grandview Avenue Ottumwa IA 52501 420923689 Govt. 74548 College Success Program Jefferson School for the Arts 1800 E Avenue Stevens Point WI 544813709 7215 Unite for our Communities John Carroll University 1 John Caroll Blvd University Heights OH 441184538 340714681 501(c)(3) 38406 Career Ready Internship Grant Kent State University PO Box 5190 232 Schwartz Center Kent OH 44242 316402079 35143 Career Ready Internship Grant La Crosse Promise Inc 807 E Avenue South La Crosse WI 54601 455610547 501(c)(3) 40879 Commit to College Grant Lakeshore Elementary School 711 Lake Street Eau Claire WI 547035477 7812 Unite for Our Communities Loras College 1450 Alta Vista Street Dubuque IA 52001 420680412 501(c)(3) 30352 Career Ready Internship Grant Macalester College 1600 Grand Avenue Saint Paul MN 551051801 410693962 501(c)(3) 32411 Career Ready Internship Grant MDRC 16 East 34th Street New York NY 10016 237379473 501(c)(3) 1854373 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) 46974 Career Ready Internship Grant Midwestern Higher Education Compact Midwestern Higher Education Commiss 105 Fifth Ave South 450 Minneapolis MN 55401 383011476 501(c)(3) 10000 MHEC Annual Policy Summit Milwaukee Institute of Art & Design 273 E Erie St Milwaukee WI 53202 391201561 501(c)(3) 26800 Career Ready Internship Grant Minneapolis Community & Tech College Foundation 1312 Harmon Place Minneapolis MN 55403 411687554 Govt 107978 College Success Grant Oberlin College 173 W Lorain St Oberlin OH 440741057 340714363 501(c)(3) 10319 Career Ready Internship Grant Ohio Dominican University 1216 Sunbury Road Columbus OH 432192086 314379560 501(c)(3) 66540 College Success Grant Ohio Wesleyan University 61 S Sandusky St Delaware OH 43015 314379585 501(c)(3) 20667 Career Ready Internship Grant OM Tiffany Elementary School 819 8th Avenue NE Aberdeen SD 574012540 13477 Unite for Our Communities Rainwater Elementary School 1408 E Frankford Rd Carrollton TX 750075624 8472 Unite for Our Communities Simpson College 701 N C Street Indianola IA 501251202 420680389 501(c)(3) 16700 Career Ready Internship Grant St Catherine University 2004 Randolph Ave Saint Paul MN 551051789 410695509 501(c)(3) 44713 Career Ready Internship Grant Trustees of Hamline Univ of Minnesota 1536 Hewitt Ave Saint Paul MN 55104 410693960 501(c)(3) 48050 Career Ready Internship Grant United Way of Northeastern South Dakota PO Box 1065 Aberdeen SD 574021065 237086355 501(c)(3) 15024 Annual Programs University of Findlay 1000 N Main St Findlay OH 458403653 344431169 501(c)(3) 84851 Career Ready Internship Grant University of Minnesota 1985 Buford Ave 198 McNeal Hall Saint Paul MN 551086134 Govt 21777 Career Ready Internship Grant University of Northwestern-St Paul 3003 Snelling Ave N St Paul MN 551131501 410711610 501(c)(3) 32116 Career Ready Internship Grant USSA Foundation 1211 Connecticut Ave NW Ste 406 Washington DC 200362719 237211922 501(c)(3) 15000 USSA Legislative Conference WASFAA-WI WI Association of Financial Aid Adm 100 N East Ave Waukesha WI 53186 396279228 501(c)(3) 17000 College Goal Program Wittenberg University PO Box 720 Springfield OH 45501 310537177 501(c)(3) 116667 College Success Grant YMCA of Metropolitan Milwaukee 161 W Wisconsin Ave Ste 4000 Milwaukee WI 532032664 390806314 501(c)(3) 27772 Commit to College Grant Youngstown State University One University Plaza Youngstown OH 44555 341011998 48000 Career Ready Internship Grant 118 1 Wisconsin Covenant Scholar Program 3941 4116863 College Access Advising 32392 1850627 Jim Elliott Apprentice Scholarship 20 20000 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 Jim Elliott Apprentice Scholarship Scholarship program 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. 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. X true true false true false false false false false false false Richard D George 23 Chairman/Pres/Ceo/Treasurer 0 296653 0 300586 0 302197 0 83022 0 19084 0 1001542 0 0 Nancy Seifert 3 CFO/Asst Secretary 0 179247 0 180558 0 28054 0 38929 0 22344 0 449132 0 0 Amy Kobishop VP - Community Investments 135000 0 115524 0 407 0 30084 0 2960 0 283975 0 0 0 Beth Erickson VP - Repayment Solutions 133436 0 115611 0 202 0 30024 0 13015 0 292288 0 0 0 Jacqueline Fairbairn VP - Policy/Regul Compliance 127711 0 115574 0 12153 0 31106 0 27197 0 313741 0 0 0 Ellen Welke Director - Default Collections 97275 0 28009 0 1234 0 15362 0 15172 0 157052 0 0 0 Supplemental Compensation Information The Following individuals participated in a supplemental nonqualified retirement plan: Richard George, Nancy Seifert, 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. Schedule J, Part I, Line 1A During 2014, Beth Erickson and Jacqueline Fairbairn utilized charter business travel. Due to the timing and location of business meetings, charter travel provided significant savings in travel time and travel expense. Great Lakes Educational Loan Svcs Contrl Ent/officer ovrlap 2114000 GLELSI Bldg Rent Pd to GLHEGC false Great Lakes Educational Loan Svcs Contrl Ent/officer ovrlap 3517839 Intercompany Reimb. to GLELSI false Description of Transaction 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 0 0 true true true false false false false false false false true false false false false false true false false false Great Lakes Educational Loan Services Inc a 2114000 FMV Great Lakes Educational Loan Services Inc P 3517839 ACTUAL COST Northstar Education Services LLC b 225000 ACTUAL COST