NORTHSTAR EDUCATION FINANCE INC: Form 990, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- NORTHSTAR EDUCATION FINANCE INC (EIN 41-1961427)
- Tax period
- 2011-10-01 to 2012-09-30
- Filed
- 2013-07-02
- IRS object ID
- 201331839349300803
- Schema version
- 2011v1.5
- 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 ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2013-07-02T16:50:53-05:00 | Timestamp |
| Tax Period End Date | 2012-09-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 411238038 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BAUNE DOSEN & CO LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3300 FERNBROOK LN N SUITE 150 | AddressLine1 |
| City | PLYMOUTH | City |
| State | MN | State |
| ZIP Code | 55447 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2011-10-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 411961427 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NORTHSTAR EDUCATION FINANCE INC | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | NORT | NameControl |
| Phone | 8665626672 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 930 BLUE GENTIAN ROAD NO 1400 | AddressLine1 |
| City | EAGAN | City |
| State | MN | State |
| ZIP Code | 551211678 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | RICHARD NIGON | Name |
| Title | PRESIDENT | Title |
| Phone | 8665626672 | Phone |
| Date Signed | 2013-06-21 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | BRAD REICH | Name |
| PTIN | P00337579 | PTIN |
| Phone | 9524732002 | Phone |
| Self Employed | X | SelfEmployed |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2011 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Change | X | AddressChange |
| Name Of Principal Officer Person | RICHARD NIGON | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 930 BLUE GENTIAN ROAD 1400 | AddressLine1 |
| City | EAGAN | City |
| State | MN | State |
| ZIP Code | 551211678 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 117642011 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | WWW.NORTHSTAR.ORG | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 2000 | YearFormation |
| State Legal Domicile | DE | StateLegalDomicile |
| Activity Or Mission Description | TO FOSTER, AID, ENCOURAGE AND ASSIST THE PURSUIT OF HIGHER EDUCATION. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 6 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 4 | NbrIndependentVotingMembers |
| Total Nbr Employees | 1 | TotalNbrEmployees |
| Total Nbr Volunteers | 0 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 0 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 0 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 142162313 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 117489173 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 259934 | InvestmentIncomePriorYear |
| Investment Income Current Year | 152838 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 0 | OtherRevenuePriorYear |
| Other Revenue Current Year | 0 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 142422247 | TotalRevenuePriorYear |
| Total Revenue Current Year | 117642011 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 0 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 0 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 147031 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 138982 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 0 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 108736316 | OtherExpensePriorYear |
| Other Expenses Current Year | 95767237 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 108883347 | TotalExpensesPriorYear |
| Total Expenses Current Year | 95906219 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 33538900 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 21735792 | RevenuesLessExpensesCY |
| Total Assets BOY | 5113357661 | TotalAssetsBOY |
| Total Assets EOY | 4532934422 | TotalAssetsEOY |
| Total Liabilities BOY | 4952203597 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 4350044566 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 161154064 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 182889856 | NetAssetsOrFundBalancesEOY |
| Mission Description | TO LOWER THE COST OF FINANCING HIGHER EDUCATION THROUGH THE USE OF CAPITAL MARKETS PRODUCTS. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 95373968 | Expense |
| Revenue | 117489173 | Revenue |
| Description | MAINTAINED TOTAL STUDENT LOANS OF 307,114 FOR $4,220,105,859 AS PART OF ITS LENDING PROGRAM FOR INDIVIDUALS PURSUING POST SECONDARY EDUCATION. TO THE BEST OF THE KNOWLEDGE AND BELIEF OF THE TAXPAYER'S OFFICERS, THE BENEFITS AND INTEREST RATES THAT IT PROVIDES TO STUDENT BORROWERS ARE SUBSTANTIALLY MORE FAVORABLE TO STUDENT BORROWERS THAN THE BENEFITS AND INTEREST RATES PROVIDED BY FOR-PROFIT LENDERS. | Description |
| Total Program Service Expense | 95373968 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 0 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Subject To Proxy Tax | 0 | SubjectToProxyTax |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 0 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 0 | ReportLandBldgEquip |
| Report Invest Oth Securities | 0 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 0 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 1 | ConsolidatedAuditFinancialStmt |
| School | 0 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 0 | GrantsToIndividuals |
| Schedule J Required | 0 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 1 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 0 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 1 | DisregardedEntity |
| Related Entity | 0 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transaction Related Entity | 0 | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 20 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Number Of Employees | 1 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 0 | UnrelatedBusinessIncome |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributions |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 6 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 4 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 0 | MembersOrStockholders |
| Election Of Board Members | 0 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | MN | StatesWhereCopyOfReturnIsFiled |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RICHARD NIGON | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 8665626672 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 930 BLUE GENTIAN ROAD NO 1400 | AddressLine1 |
| City | EAGAN | City |
| State | MN | State |
| ZIP Code | 551211678 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (7 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation |
|---|---|---|---|---|---|
| JUDITH MARES | |||||
| BOARD MEMBER | 1.00 | X | 15500 | 0 | 0 |
| CLYDE NELSON | |||||
| BOARD TREASURER | 1.00 | X | 19491 | 0 | 0 |
| RICHARD NIGON | |||||
| BOARD PRESIDENT | 1.00 | X | 50000 | 0 | 0 |
| ANITA PAMPUSCH | |||||
| BOARD CHAIR | 1.00 | X | 16000 | 0 | 0 |
| JAYNE BACCUS KHALIFA | |||||
| BOARD MEMBER | 1.00 | X | 16000 | 0 | 0 |
| TIM PENNY | |||||
| BOARD MEMBER | 1.00 | X | 17000 | 0 | 0 |
| CHARLTON DIETZ | |||||
| BOARD MEMBER | 1.00 | X | 12000 | 0 | 0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 145991 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 0 | TotalOtherCompensation |
| Number Individuals GT100 K | 0 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 0 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (4 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| NORTHSTAR CAPITAL MARKETS SERVICES INC | |||||
| 1021 OLD YORK ROAD | ABINGTON | PA | 19001 | MANAGEMENT SERVICES | 21895313 |
| MORGAN STANLEY | |||||
| 1221 AVENUE OF THE AMERICAS | NEW YORK | NY | 10020 | CONSULTING | 1000000 |
| BAUNE DOSEN & CO | |||||
| 600 S HIGHWAY 169 1750 | MINNEAPOLIS | MN | 55426 | AUDIT AND ACCOUNTING FEES | 143620 |
| SQUIRE SANDERS & DEMPSEY LLP | |||||
| PO BOX 643051 | CINCINNATI | OH | 45264 | LEGAL FEES | 110084 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 4 | NumberOfContractorsGT100K |
Program Service Revenue ProgramServiceRevenue (3 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| LOAN INTEREST INCOME | 900099 | 115842900 | 115842900 |
| MOHELA FEE REVENUE | 900099 | 1626350 | 1626350 |
| LOAN FEE REVENUE | 900099 | 19923 | 19923 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 117489173 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 152838 | TotalRevenueColumn |
| Exclusion | $152,838 | ExclusionAmount |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 117642011 | TotalRevenueColumn |
| Related Or Exempt Function Income | 117489173 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $152,838 | ExclusionAmount |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 118000 | Total |
| Management And General | 118000 | ManagementAndGeneral |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 20982 | Total |
| Management And General | 20982 | ManagementAndGeneral |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 210359 | Total |
| Management And General | 210359 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 146663 | Total |
| Management And General | 146663 | ManagementAndGeneral |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 897 | Total |
| Management And General | 897 | ManagementAndGeneral |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 7705 | Total |
| Management And General | 7705 | ManagementAndGeneral |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices |
|---|---|---|
| STUDENT LOAN EXPENSES - | 91859737 | 91859737 |
| ALLOWANCE FOR CREDIT LO | 1899210 | 1899210 |
| AMORTIZATION | 1392957 | 1392957 |
| MOHELA SERVICING EXPENS | 144372 | 144372 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 105337 | Total |
| Program Services | 77692 | ProgramServices |
| Management And General | 27645 | ManagementAndGeneral |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 95906219 | Total |
| Program Services | 95373968 | ProgramServices |
| Management And General | 532251 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 16735147 | BOY |
| EOY | 17811512 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 132036252 | BOY |
| EOY | 125875570 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 14555345 | BOY |
| EOY | 9201237 | EOY |
Receivables From Officers Etc ReceivablesFromOfficersEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 165981 | BOY |
| EOY | 0 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4703179510 | BOY |
| EOY | 4207201874 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 56155 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 246685426 | BOY |
| EOY | 172788074 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5113357661 | BOY |
| EOY | 4532934422 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 26241733 | BOY |
| EOY | 23066055 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4922748933 | BOY |
| EOY | 4325277538 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3212931 | BOY |
| EOY | 1700973 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4952203597 | BOY |
| EOY | 4350044566 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Do Not Follow SFAS117 | X | DoNotFollowSFAS117 |
Cap Stck Trst Prin Current Funds CapStckTrstPrinCurrentFunds
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Paid In Cap Srpls Land Bldg Eqp Fund PaidInCapSrplsLandBldgEqpFund
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Retained Earnings Endowment Etc RetainedEarningsEndowmentEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 161154064 | BOY |
| EOY | 182889856 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 161154064 | BOY |
| EOY | 182889856 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5113357661 | BOY |
| EOY | 4532934422 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expenses | 21735792 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | 0 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Consolidated | X | FinancialStatementConsolidated |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org509a2 | X | PubliclySupportedOrg509a2 |
Gross Receipts From Admissions GrossReceiptsFromAdmissions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 358609195 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 225004292 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 178095343 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 142162313 | CurrentTaxYearMinus1Year |
| Current Tax Year | 117489173 | CurrentTaxYear |
| Total | 1021360316 | Total |
Total509 Total509
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 358609195 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 225004292 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 178095343 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 142162313 | CurrentTaxYearMinus1Year |
| Current Tax Year | 117489173 | CurrentTaxYear |
| Total | 1021360316 | Total |
Amts Recd From Disqual Persons AmtsRecdFromDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 11181 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 16438 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 15419 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 8375 | CurrentTaxYearMinus1Year |
| Total | 51413 | Total |
Amts From Subst Contributors AmtsFromSubstContributors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Support From DQ Ps Etc SupportFromDQPsEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 11181 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 16438 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 15419 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 8375 | CurrentTaxYearMinus1Year |
| Total | 51413 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total509 | 1021308903 | PublicSupportTotal509 |
Gross Investment Income509 GrossInvestmentIncome509
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 8371458 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 1683175 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 409482 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 259934 | CurrentTaxYearMinus1Year |
| Current Tax Year | 152838 | CurrentTaxYear |
| Total | 10876887 | Total |
Investment Income And UBTI InvestmentIncomeAndUBTI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 8371458 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 1683175 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 409482 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 259934 | CurrentTaxYearMinus1Year |
| Current Tax Year | 152838 | CurrentTaxYear |
| Total | 10876887 | Total |
Total Support Total TotalSupportTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 366980653 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 226687467 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 178504825 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 142422247 | CurrentTaxYearMinus1Year |
| Current Tax Year | 117642011 | CurrentTaxYear |
| Total | 1032237203 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Percentage509 | 0.98940 | PublicSupportPercentage509 |
| Prior Year Support Percentage | 0.98130 | PriorYearSupportPercentage |
| Investment Income Percentage | 0.01050 | InvestmentIncomePercentage |
| Prior Yr Invest Income Percentage | 0.01870 | PriorYrInvestIncomePercentage |
| Thirty Three Percnt Tests CY509 | X | ThirtyThreePercntTestsCY509 |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 0 | TotalOfBookValueLandBuildings |
Other Liabilities OtherLiabilities (2 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| LAWSUIT RELATED LIABILITIES | $464,853 |
| DEFERRED GAIN NCMS STOCK SALE | $1,236,120 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 1700973 | TotalOfAmounts |
| Total Revenue | 117642011 | TotalRevenue |
| Total Expenses | 95906219 | TotalExpenses |
| Excess Or Deficit For Year | 21735792 | ExcessOrDeficitForYear |
| Excess Or Deficit Per FS | 21735792 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 118753000 | TotRevenueEtcAuditedFinclStmt |
| Other Revenues | 1110999 | OtherRevenues |
| Revenue Not Rptd F990 | 1110999 | RevenueNotRptdF990 |
| Revenue Subtotal | 117642001 | RevenueSubtotal |
| Other Revenues Not Included | 10 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | 10 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 117642011 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 97017000 | TotExpensesEtcAuditedFinclStmt |
| Other Expenses Included | 1110999 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | 1110999 | ExpensesNotRptdF990 |
| Expenses Subtotal | 95906001 | ExpensesSubtotal |
| Other Expenses Not Included | 218 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 218 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 95906219 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (4 entries)
| IdentifierIdentifier | ExplanationExplanation |
|---|---|
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | DEFAULT COLLECTION REVENUE 1,110,999. |
| PART XII, LINE 4B - OTHER ADJUSTMENTS: | ROUNDING - F/S IN THOUSANDS 10. |
| PART XIII, LINE 2D - OTHER ADJUSTMENTS: | DEFAULT COLLECTION REVENUE 1,110,999. |
| PART XIII, LINE 4B - OTHER ADJUSTMENTS: | ROUNDING - F/S IN THOUSANDS 218. |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Committee | X | CompensationCommittee |
| Independent Consultant | X | IndependentConsultant |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 0 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | 0 | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | 0 | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | 0 | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | 0 | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | 0 | AnyNonFixedPayments |
| Initial Contract Exception | 0 | InitialContractException |
Schedule L IRS990ScheduleL
Form990 Schedule L Part IV Form990ScheduleLPartIV
Name Of Interested Person NameOfInterestedPerson
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NORTHSTAR CAPITAL MARKETS SERVICES INC (NCMS) | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship | PRIOR TO 8/31/10 ENTITY OWNED 55.69% BY NEF AND 42.29% BY MEMBERS OF MGMT. | Relationship |
| Amount Of Transaction | 21895313 | AmountOfTransaction |
| Description Of Transaction | NCMS PROVIDES ADMINISTRATIVE AND EXECUTIVE SERVICES FOR NORTHSTAR EDUCATION FINANCE, INC. (NEF). AS OF AUGUST 31, 2010 NCMS IS 100% OWNED BY AN UNRELATED CORPORATION, THUS THERE IS NO LONGER ANY OWNERSHIP BY NEF OR MEMBERS OF MANAGEMENT. | DescriptionOfTransaction |
| Sharing Of Revenues | 0 | SharingOfRevenues |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (5 entries)
| Return ReferenceReturnReference | ExplanationExplanation |
|---|---|
| FORM 990, PART VI, SECTION B, LINE 11 | IN CONJUNCTION WITH ITS EXTERNAL ACCOUNTING FIRM AND THE AUDIT COMMITTEE OF THE BOARD ALL THE INFORMATION ON THE 990 ARE RECONCILED TO THE GAAP AUDITED FINANCIAL STATEMENTS AND THE VARIOUS 990 QUESTIONS REVIEWED FOR COMPLETENESS. |
| FORM 990, PART VI, SECTION B, LINE 12C | THE ORGANIZATION HAS AN ANNUAL REVIEW OF THE CONFLICT OF INTEREST POLICY. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE ORGANIZATION'S COMPENSATION COMMITTEE APPROVES COMPENSATION IN ADVANCE IN RELIANCE UPON AN INDEPENDENT STUDY, PREPARED BY AN INDEPENDENT THIRD PARTY, WHEN DETERMINING THE COMPENSATION FOR TOP MANAGEMENT. |
| FORM 990, PART VI, SECTION C, LINE 18 | RECORDS ARE AVAILABLE UPON REQUEST FROM RICHARD NIGON PRESIDENT OF THE BOARD OF DIRECTORS. |
| FORM 990, PART VI, SECTION C, LINE 19 | ALL INFORMATION IS AVAILABLE UPON REQUEST FROM RICHARD NIGON PRESIDENT OF THE BOARD OF DIRECTORS. |
Schedule R IRS990ScheduleR
Form990 Schedule R Part I Form990ScheduleRPartI
Name Of Disregarded Entity NameOfDisregardedEntity
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NORTHSTAR THE FUNDING III LLC - (A DISREGARDED ENTITY - INCLUDED HEREIN) | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 930 BLUE GENTIAN ROAD 1400 | AddressLine1 |
| City | EAGAN | City |
| State | MN | State |
| ZIP Code | 551211678 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 411961427 | EIN |
| Primary Activities | FINANCING HIGHER EDUCATION | PrimaryActivities |
| Legal Domicile State | DE | LegalDomicileState |
| Total Income | 5787621 | TotalIncome |
| EOY Assets | 266132689 | EOYAssets |