2013-07-02T16:50:53-05:00 2012-09-30 411238038 BAUNE DOSEN & CO LLP 3300 FERNBROOK LN N SUITE 150 PLYMOUTH MN 55447 990 2011-10-01 411961427 NORTHSTAR EDUCATION FINANCE INC NORT 8665626672 930 BLUE GENTIAN ROAD NO 1400 EAGAN MN 551211678 RICHARD NIGON 8665626672 2013-06-21 1 BRAD REICH P00337579 9524732002 X 2011 2016-02-24 21:20:13Z X RICHARD NIGON 930 BLUE GENTIAN ROAD 1400 EAGAN MN 551211678 117642011 0 X WWW.NORTHSTAR.ORG X 2000 DE TO FOSTER, AID, ENCOURAGE AND ASSIST THE PURSUIT OF HIGHER EDUCATION. 6 4 1 0 0 0 0 0 142162313 117489173 259934 152838 0 0 142422247 117642011 0 0 0 0 147031 138982 0 0 0 108736316 95767237 108883347 95906219 33538900 21735792 5113357661 4532934422 4952203597 4350044566 161154064 182889856 TO LOWER THE COST OF FINANCING HIGHER EDUCATION THROUGH THE USE OF CAPITAL MARKETS PRODUCTS. 0 0 95373968 117489173 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. 95373968 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 1 20 0 1 1 0 0 0 0 0 0 0 0 0 0 X 6 4 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MN X RICHARD NIGON 8665626672 930 BLUE GENTIAN ROAD NO 1400 EAGAN MN 551211678 JUDITH MARES 1.00 X 15500 0 0 CLYDE NELSON 1.00 X 19491 0 0 RICHARD NIGON 1.00 X 50000 0 0 ANITA PAMPUSCH 1.00 X 16000 0 0 JAYNE BACCUS KHALIFA 1.00 X 16000 0 0 TIM PENNY 1.00 X 17000 0 0 CHARLTON DIETZ 1.00 X 12000 0 0 145991 0 0 0 0 0 0 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 4 LOAN INTEREST INCOME 900099 115842900 115842900 MOHELA FEE REVENUE 900099 1626350 1626350 LOAN FEE REVENUE 900099 19923 19923 117489173 152838 152838 117642011 117489173 0 152838 118000 118000 20982 20982 210359 210359 146663 146663 897 897 7705 7705 STUDENT LOAN EXPENSES - 91859737 91859737 ALLOWANCE FOR CREDIT LO 1899210 1899210 AMORTIZATION 1392957 1392957 MOHELA SERVICING EXPENS 144372 144372 105337 77692 27645 95906219 95373968 532251 0 16735147 17811512 132036252 125875570 14555345 9201237 165981 0 4703179510 4207201874 56155 246685426 172788074 5113357661 4532934422 26241733 23066055 4922748933 4325277538 3212931 1700973 4952203597 4350044566 X 0 0 0 0 161154064 182889856 161154064 182889856 5113357661 4532934422 21735792 0 X 0 1 1 X 0 X 358609195 225004292 178095343 142162313 117489173 1021360316 358609195 225004292 178095343 142162313 117489173 1021360316 11181 16438 15419 8375 51413 0 11181 16438 15419 8375 51413 1021308903 8371458 1683175 409482 259934 152838 10876887 8371458 1683175 409482 259934 152838 10876887 366980653 226687467 178504825 142422247 117642011 1032237203 0.98940 0.98130 0.01050 0.01870 X 0 LAWSUIT RELATED LIABILITIES 464853 DEFERRED GAIN NCMS STOCK SALE 1236120 1700973 117642011 95906219 21735792 21735792 118753000 1110999 1110999 117642001 10 10 117642011 97017000 1110999 1110999 95906001 218 218 95906219 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. X X X X 0 0 0 0 0 0 0 0 0 NORTHSTAR CAPITAL MARKETS SERVICES INC (NCMS) PRIOR TO 8/31/10 ENTITY OWNED 55.69% BY NEF AND 42.29% BY MEMBERS OF MGMT. 21895313 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. 0 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. NORTHSTAR THE FUNDING III LLC - (A DISREGARDED ENTITY - INCLUDED HEREIN) 930 BLUE GENTIAN ROAD 1400 EAGAN MN 551211678 411961427 FINANCING HIGHER EDUCATION DE 5787621 266132689