ASCENDIUM EDUCATION SOLUTIONS INC: Form 990, tax year 2010
View the entire original 990 at ProPublica ↗
- Organization
- ASCENDIUM EDUCATION SOLUTIONS INC (EIN 39-1853833)
- Tax period
- 2010-01-01 to 2010-12-31
- Filed
- 2011-10-14
- IRS object ID
- 201102879349300330
- Schema version
- 2010v3.4
- 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
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule I
- Schedule J
- Schedule L
- Schedule N
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2011-10-14T14:31:33-04:00 | Timestamp |
| Tax Period End Date | 2010-12-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ERNST & YOUNG US LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 111 MONUMENT CIRCLE STE 2600 | AddressLine1 |
| City | INDIANAPOLIS | City |
| State | IN | State |
| ZIP Code | 46204 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2010-01-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 391853833 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Great Lakes Higher Education Guaranty Corp | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | GREA | NameControl |
| Phone | 6082461410 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2401 International Lane | AddressLine1 |
| City | Madison | City |
| State | WI | State |
| ZIP Code | 53704 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Richard D George | Name |
| Title | President & Ceo | Title |
| Date Signed | 2011-10-06 | DateSigned |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 3176817000 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2010 | TaxYear |
| Build TS | 2016-03-07 17:11:31Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | Richard D George | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2401 International Lane | AddressLine1 |
| City | Madison | City |
| State | WI | State |
| ZIP Code | 53704 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 119235571 | GrossReceipts |
| Group Return For Affiliates | false | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | www.mygreatlakes.org | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1996 | YearFormation |
| State Legal Domicile | WI | StateLegalDomicile |
| Activity Or Mission Description | GREAT LAKES HIGHER EDUCATION GUARANTY CORPORATION OPERATES TO PROVIDE COST EFFECTIVE ACCESS TO POST-SECONDARY EDUCATION BY PROVIDING GUARANTY SERVICES TO BROADEN FEDERALLY GUARANTEED LOAN AVAILABILITY. | ActivityOrMissionDescription |
| Termination Or Contraction | X | TerminationOrContraction |
| Nbr Voting Members Governing Body | 7 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 6 | NbrIndependentVotingMembers |
| Total Nbr Employees | 171 | TotalNbrEmployees |
| Total Nbr Volunteers | 0 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Contributions Grants Prior Year | 913068 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 1317329 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 117872136 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 115613140 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 337694 | InvestmentIncomePriorYear |
| Investment Income Current Year | -62430 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 754799 | OtherRevenuePriorYear |
| Other Revenue Current Year | 342301 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 119877697 | TotalRevenuePriorYear |
| Total Revenue Current Year | 117210340 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 55768603 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 45555377 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 9525889 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 12221100 | 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 | 63820298 | OtherExpensePriorYear |
| Other Expenses Current Year | 49992995 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 129114790 | TotalExpensesPriorYear |
| Total Expenses Current Year | 107769472 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -9237093 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 9440868 | RevenuesLessExpensesCY |
| Total Assets BOY | 140165238 | TotalAssetsBOY |
| Total Assets EOY | 131989544 | TotalAssetsEOY |
| Total Liabilities BOY | 48654201 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 31370046 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 91511037 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 100619498 | NetAssetsOrFundBalancesEOY |
| Mission Description | Great Lakes Higher Education Guaranty Corporation operates to provide FOR COST EFFECTIVE ENABLEMENT OF ACCESS TO POST-SECONDARY EDUCATION BY PROVIDING FULL-RANGE GUARANTY AGENCY SERVICES 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 HIGHER EDUCATION ACT OF 1965, AS AMENDED. THIS MISSION STATEMENT HAS BEEN REVIEWED, ACKNOWLEDGED AND INFORMALLY APPROVED BY THE BOARD. | MissionDescription |
| Significant New Program Services | false | SignificantNewProgramServices |
| Significant Change | false | SignificantChange |
| Expense | 103573426 | Expense |
| Grants | 45555377 | Grants |
| Revenue | 115613140 | Revenue |
| Description | Great Lakes Higher Education Guaranty Corporation operates to provide for cost effective enablement of access to post-secondary education by providing full-range guaranty agency services 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 Higher Education Act of 1965, As Amended. | Description |
| Total Program Service Expense | 103573426 | TotalProgramServiceExpense |
| Described In501 C3 | true | DescribedIn501C3 |
| Schedule B Required | true | ScheduleBRequired |
| Political Activities | false | PoliticalActivities |
| Lobbying Activities | false | LobbyingActivities |
| Donor Advised Funds | false | DonorAdvisedFunds |
| Conservation Easements | false | ConservationEasements |
| Collections Of Art | false | CollectionsOfArt |
| Credit Counseling | true | CreditCounseling |
| Term Or Permanent Endowments | false | TermOrPermanentEndowments |
| Report Land Bldg Equip | true | ReportLandBldgEquip |
| Report Invest Oth Securities | false | ReportInvestOthSecurities |
| Report Prog Rel Invest | false | ReportProgRelInvest |
| Report Other Assets | true | ReportOtherAssets |
| Report Other Liabilities | true | ReportOtherLiabilities |
| Report Fin48 Footnote | false | ReportFin48Footnote |
| Independent Audit Financial Stmt | false | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | true | ConsolidatedAuditFinancialStmt |
| School | false | School |
| Foreign Office | false | ForeignOffice |
| Foreign Activities | false | ForeignActivities |
| More Than5000 K To Organizations | false | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividuals |
| Professional Fundraising | false | ProfessionalFundraising |
| Fundraising Activities | false | FundraisingActivities |
| Gaming | false | Gaming |
| Hospital | false | Hospital |
| Grants To Organizations | true | GrantsToOrganizations |
| Grants To Individuals | false | GrantsToIndividuals |
| Schedule J Required | true | ScheduleJRequired |
| Tax Exempt Bonds | false | TaxExemptBonds |
| Excess Benefit Transaction | false | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | false | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | false | LoanToOfficerOrDQP |
| Grant To Related Person | false | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | false | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | false | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | true | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | false | DeductibleNonCashContributions |
| Deductible Contributions Of Art | false | DeductibleContributionsOfArt |
| Terminated | false | Terminated |
| Partial Liquidation | true | PartialLiquidation |
| Disregarded Entity | false | DisregardedEntity |
| Related Entity | true | RelatedEntity |
| Related Org Controlled Entity | true | RelatedOrgControlledEntity |
| Transaction Related Entity | true | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | false | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | false | ActivitiesConductedPartnership |
| Schedule O Required | true | ScheduleORequired |
| Number Forms Transmitted With1096 | 71186 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | true | ComplianceWithBackupWitholding |
| Number Of Employees | 171 | NumberOfEmployees |
| Employment Tax Returns Filed | true | EmploymentTaxReturnsFiled |
| Unrelated Business Income | false | UnrelatedBusinessIncome |
| Foreign Financial Account | false | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTrans |
| Taxable Party Notification | false | TaxablePartyNotification |
| Non Deductible Contributions | false | NonDeductibleContributions |
| Quid Pro Quo Contributions | false | QuidProQuoContributions |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | false | FundsToPayPremiums |
| Premiums Paid | false | PremiumsPaid |
| Indoor Tanning Services | false | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 7 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 6 | NumberIndependentVotingMembers |
| Family Or Business Relationship | false | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | false | DelegationOfManagementDuties |
| Changes To Organizing Docs | false | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuse |
| Members Or Stockholders | true | MembersOrStockholders |
| Election Of Board Members | true | ElectionOfBoardMembers |
| Decisions Subject To Approval | true | DecisionsSubjectToApproval |
| Minutes Of Governing Body | true | MinutesOfGoverningBody |
| Minutes Of Committees | true | MinutesOfCommittees |
| Officer Mailing Address | false | OfficerMailingAddress |
| Local Chapters | false | LocalChapters |
| Form990 Provided To Governing Body | false | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | true | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | true | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | true | RegularMonitoringEnforcement |
| Whistleblower Policy | true | WhistleblowerPolicy |
| Document Retention Policy | true | DocumentRetentionPolicy |
| Compensation Process CEO | false | CompensationProcessCEO |
| Compensation Process Other | true | CompensationProcessOther |
| Investment In Joint Venture | false | InvestmentInJointVenture |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | NANCY SEIFERT | NamePerson |
| Telephone Number | 6082461410 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2401 INTERNATIONAL LANE | AddressLine1 |
| City | Madison | City |
| State | WI | State |
| ZIP Code | 53704 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part VII | X | InfoInScheduleOPartVII |
Form990 Part VII Section A Form990PartVIISectionA (13 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|
| Emerson L Brumback 1 | |||||||
| Director/Committee Chairman | 2.0 | X | 7000 | 0 | 0 | ||
| David J Hanson 14 | |||||||
| Director/Secretary | 2.0 | X | 0 | 0 | 0 | ||
| Janice Hesalroad 1 | |||||||
| Director | 2.0 | X | 5667 | 0 | 0 | ||
| Thomas A Scarlett 1 | |||||||
| Director | 2.0 | X | 14000 | 0 | 0 | ||
| Cynthia Walsh 1 | |||||||
| Director | 2.0 | X | 17000 | 0 | 0 | ||
| Richard A Weiss 1 | |||||||
| Director | 2.0 | X | 4667 | 0 | 0 | ||
| Richard D George 23 | |||||||
| Chairman/Pres/Ceo/Treasurer | 1.0 | X | 0 | 547689 | 64313 | X | |
| Nancy Seifert 3 | |||||||
| CFO/Asst Secretary | 1.0 | 0 | 316929 | 50779 | X | ||
| Clark Wold | |||||||
| Exe VP/Chief Operating Officer | 50.0 | 232894 | 0 | 45604 | X | ||
| Amy Kobishop | |||||||
| Chief Guaranty Officer | 50.0 | 272461 | 0 | 29836 | X | ||
| Beth Erickson | |||||||
| VP - Repayment Solutions | 50.0 | 188313 | 0 | 37398 | X | ||
| Jacqueline Fairbairn | |||||||
| VP - Policy/Regul Compliance | 50.0 | 138408 | 0 | 41887 | X | ||
| Steven Schmidt | |||||||
| Mgr - Product Dev & Marketing | 45.0 | 111273 | 0 | 31166 | X | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 991683 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 864618 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 300983 | TotalOtherCompensation |
| Number Individuals GT100 K | 5 | NumberIndividualsGT100K |
| Formers Listed | false | FormersListed |
| Total Comp GT150 K | true | TotalCompGT150K |
| Compensation From Other Sources | false | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| Diversified Collection Services In | |||||
| 333 N Canyons Pkwy Suite 100 | LIVERMORE | CA | 94551 | Collection Services | 18015170 |
| NCO | |||||
| PO Box 935 | BROOKFIELD | WI | 53005 | Collection/Location | 773219 |
| Badger Press Inc | |||||
| 100 East Blackhawk Dr | FORT ATKINSON | WI | 53538 | Printing | 330319 |
| XAP Corporation | |||||
| 3534 Hayden Avenue | CULVER CITY | CA | 90232 | System Oper/Mainten. | 250808 |
| Qualitemps | |||||
| PO BOX 552 | MADISON | WI | 537010552 | Temperory Office Svs | 209360 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 9 | NumberOfContractorsGT100K |
| Government Grants | 1317329 | GovernmentGrants |
| Total Contributions | 1317329 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (5 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| Collections & Rehabilitations | 900099 | 61758718 | 61758718 |
| Account Maintenance Fees | 900099 | 28461116 | 28461116 |
| Issuance Fees | 900099 | 12039898 | 12039898 |
| DEFAULT AVERSION FEES | 900099 | 13258408 | 13258408 |
| Rental Income | 532000 | 95000 | 95000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 115613140 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 136910 | TotalRevenueColumn |
| Exclusion | $136,910 | ExclusionAmount |
Income From Invest Bond Proceeds IncomeFromInvestBondProceeds
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Royalties Revenue RoyaltiesRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Gross Rents GrossRents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 2022000 | Real |
Less Rental Expenses LessRentalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 1825891 | Real |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 196109 | Real |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 196109 | TotalRevenueColumn |
| Exclusion | $196,109 | ExclusionAmount |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | 199340 | Other |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | -199340 | Other |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -199340 | TotalRevenueColumn |
| Exclusion | -$199,340 | ExclusionAmount |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Net Income From Gaming NetIncomeFromGaming
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Net Income Or Loss NetIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Other Revenue Misc OtherRevenueMisc (3 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | ExclusionExclusionAmount |
|---|---|---|---|
| EAC ELM Redemption | 900099 | 100000 | $100,000 |
| Dakota Corp Administrative Services Fee | 900099 | 38000 | $38,000 |
| ALL OTHER REVENUE | 900099 | 8192 | $8,192 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 146192 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 117210340 | TotalRevenueColumn |
| Related Or Exempt Function Income | 115613140 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $279,871 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 45555377 | Total |
| Program Services | 45555377 | ProgramServices |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Foreign Grants ForeignGrants
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Benefits To Members BenefitsToMembers
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1008284 | Total |
| Management And General | 1008284 | ManagementAndGeneral |
Comp Disqual Persons CompDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 8376239 | Total |
| Program Services | 8376239 | ProgramServices |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 837972 | Total |
| Program Services | 837972 | ProgramServices |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1277035 | Total |
| Program Services | 1277035 | ProgramServices |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 721570 | Total |
| Program Services | 682307 | ProgramServices |
| Management And General | 39263 | ManagementAndGeneral |
Fees For Services Management FeesForServicesManagement
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 73885 | Total |
| Management And General | 73885 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 75545 | Total |
| Management And General | 75545 | ManagementAndGeneral |
Fees For Services Lobbying FeesForServicesLobbying
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 243640 | Total |
| Program Services | 243640 | ProgramServices |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 235657 | Total |
| Program Services | 235657 | ProgramServices |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1407606 | Total |
| Program Services | 1407606 | ProgramServices |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Royalties Royalties
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 336717 | Total |
| Program Services | 336717 | ProgramServices |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 252813 | Total |
| Program Services | 246861 | ProgramServices |
| Management And General | 5952 | ManagementAndGeneral |
Travel Entrtnmnt Public Officials TravelEntrtnmntPublicOfficials
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 28570 | Total |
| Program Services | 28570 | ProgramServices |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Payments To Affiliates PaymentsToAffiliates
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 126123 | Total |
| Program Services | 126123 | ProgramServices |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Other Expenses OtherExpenses (5 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral |
|---|---|---|---|
| Borrower Tracing | 96767 | 96767 | |
| Collection Fees | 18880119 | 18880119 | |
| Corp Support Func Allocation | 21470353 | 18477236 | 2993117 |
| Discount-Rehab Loans | 6735003 | 6735003 | |
| All other expenses | 30197 | 30197 |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 107769472 | Total |
| Program Services | 103573426 | ProgramServices |
| Management And General | 4196046 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2315031 | BOY |
| EOY | 1910175 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 93738646 | BOY |
| EOY | 99994311 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 13995797 | BOY |
| EOY | 7747378 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 339557 | BOY |
| EOY | 124175 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 15666637 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 1931455 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 12320642 | BOY |
| EOY | 13735182 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 17455565 | BOY |
| EOY | 8478323 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 140165238 | BOY |
| EOY | 131989544 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4760302 | BOY |
| EOY | 5385637 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 7597536 | BOY |
| EOY | 8212553 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 36296363 | BOY |
| EOY | 17771856 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 48654201 | BOY |
| EOY | 31370046 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 91511037 | BOY |
| EOY | 100619498 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 91511037 | BOY |
| EOY | 100619498 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 140165238 | BOY |
| EOY | 131989544 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 9440868 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | -332407 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | false | AccountantCompileOrReview |
| FS Audited | true | FSAudited |
| Audit Committee | true | AuditCommittee |
| Financial Statement Consolidated | X | FinancialStatementConsolidated |
| Federal Grant Audit Required | true | FederalGrantAuditRequired |
| Federal Grant Audit Performed | true | FederalGrantAuditPerformed |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org509a2 | X | PubliclySupportedOrg509a2 |
Gifts Grants Contrib Received509 GiftsGrantsContribReceived509
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 0 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 0 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 284412 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 913068 | CurrentTaxYearMinus1Year |
| Current Tax Year | 1317329 | CurrentTaxYear |
| Total | 2514809 | Total |
Gross Receipts From Admissions GrossReceiptsFromAdmissions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 134079209 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 149589389 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 132499527 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 117872136 | CurrentTaxYearMinus1Year |
| Current Tax Year | 115613140 | CurrentTaxYear |
| Total | 649653401 | Total |
Total509 Total509
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 134079209 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 149589389 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 132783939 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 118785204 | CurrentTaxYearMinus1Year |
| Current Tax Year | 116930469 | CurrentTaxYear |
| Total | 652168210 | Total |
Amts Recd From Disqual Persons AmtsRecdFromDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 0 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 0 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 0 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 0 | CurrentTaxYearMinus1Year |
| Current Tax Year | 0 | CurrentTaxYear |
| Total | 0 | Total |
Amts From Subst Contributors AmtsFromSubstContributors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 0 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 0 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus1 Year | 0 | CurrentTaxYearMinus1Year |
| Total | 0 | Total |
Support From DQ Ps Etc SupportFromDQPsEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 0 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 0 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 0 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 0 | CurrentTaxYearMinus1Year |
| Current Tax Year | 0 | CurrentTaxYear |
| Total | 0 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total509 | 652168210 | PublicSupportTotal509 |
Gross Investment Income509 GrossInvestmentIncome509
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 3198820 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 4742867 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 3064301 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 2199624 | CurrentTaxYearMinus1Year |
| Current Tax Year | 2158910 | CurrentTaxYear |
| Total | 15364522 | Total |
Investment Income And UBTI InvestmentIncomeAndUBTI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 3198820 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 4742867 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 3064301 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 2199624 | CurrentTaxYearMinus1Year |
| Current Tax Year | 2158910 | CurrentTaxYear |
| Total | 15364522 | Total |
Other Income509 OtherIncome509
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | -199118 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | -232318 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 9492 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 325404 | CurrentTaxYearMinus1Year |
| Current Tax Year | 146192 | CurrentTaxYear |
| Total | 49652 | Total |
Total Support Total TotalSupportTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 137078911 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 154099938 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 135857732 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 121310232 | CurrentTaxYearMinus1Year |
| Current Tax Year | 119235571 | CurrentTaxYear |
| Total | 667582384 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Percentage509 | 0.97691 | PublicSupportPercentage509 |
| Prior Year Support Percentage | 0.97895 | PriorYearSupportPercentage |
| Investment Income Percentage | 0.02302 | InvestmentIncomePercentage |
| Prior Yr Invest Income Percentage | 0.02179 | PriorYrInvestIncomePercentage |
| Thirty Three Percnt Tests CY509 | X | ThirtyThreePercntTestsCY509 |
| General Explanation | *2006 - ($200,000) & 2007 - ($200,000) - Adjustments to revenue previously recognized due to return of Department of Education revenues, for default aversion fees. *2009 - $324,041 - Affiliation Earnings Adjustment *2010 - $100,000 - EAC ELM Redemption *2010 - $ 38,000 - Dakota Corp Administrative Services Fee | GeneralExplanation |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Art Public Exhibition Amts | ArtPublicExhibitionAmts | |
| Held Works Of Art Amts | HeldWorksOfArtAmts | |
| Agent Trustee Etc | true | AgentTrusteeEtc |
| Beginning Balance | 238487263 | BeginningBalance |
| Additions During Year | 41709270 | AdditionsDuringYear |
| Distributions During Year | 37823363 | DistributionsDuringYear |
| Ending Balance | 242373170 | EndingBalance |
| Included On FS | false | IncludedOnFS |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 542660 | OtherCostOrOtherBasis |
| Book Value | 542660 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 13984160 | OtherCostOrOtherBasis |
| Depreciation | 1411278 | Depreciation |
| Book Value | 12572882 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Leasehold Improvements | LeaseholdImprovements |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 937257 | OtherCostOrOtherBasis |
| Depreciation | 437341 | Depreciation |
| Book Value | 499916 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 202559 | OtherCostOrOtherBasis |
| Depreciation | 82835 | Depreciation |
| Book Value | 119724 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 13735182 | TotalOfBookValueLandBuildings |
Other Assets OtherAssets (4 entries)
| DescriptionDescription | Book ValueBookValue |
|---|---|
| REHABILITATION LOANS RECEIV. | 4582249 |
| INTERCOMPANY & OTHER RECEIV. | 3654471 |
| COMPENSATION PLAN ASSETS | 228830 |
| ACCRUED INTEREST RECEIVABLE | 12773 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | 8478323 | TotalBookValueOtherAssets |
| Federal Income Tax Liability | 0 | FederalIncomeTaxLiability |
Other Liabilities OtherLiabilities (4 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| RESERVE-DEFAULT AVERSION FEES | $12,035,962 |
| DUE TO FEDERAL GOVERNMENT | $182,736 |
| INTERCOMPANY & MISC. PAYABLES | $4,227,675 |
| COMPENSATION PLAN PAYABLE | $1,325,483 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 17771856 | TotalOfAmounts |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | SUPPLEMENTAL INFORMATION | Identifier |
| Return Reference | Schdule D, Part IV, Line 1b | ReturnReference |
| Explanation | 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 activites. 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. FORM 990, PART IV, LINE 9: 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 Higher Education Act. | Explanation |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | true | RecordsMaintained |
Recipient Table RecipientTable (101 entries)
| Address Line1AddressUS/AddressLine1 | Address Line2AddressUS/AddressLine2 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EIN Of RecipientEINOfRecipient | IRC SectionIRCSection | Amount Of Cash GrantAmountOfCashGrant | Purpose Of GrantPurposeOfGrant |
|---|---|---|---|---|---|---|---|---|
| ACHIEVEMINNEAPOLIS | ||||||||
| 111 3rd Avenue South | Suite 5 | Minneapolis | MN | 55401 | 411425264 | 501(c)(3) | 119655 | Achieve Career and College Initiative |
| ACS | ||||||||
| PO Box 9001561 | Louisville | KY | 40290 | 59879 | College Access Champion | |||
| Admission Possible | ||||||||
| 450 N Syndicate Street | Suite 200 | St Paul | MN | 55104 | 411968798 | 501(c)(3) | 299693 | College Preparation |
| Afro World Enterprises LTD | ||||||||
| 2821 N 4th Street | Suite 200 | Milwaukee | WI | 53212 | 391422633 | 501(c)(3) | 41475 | Back to School Event |
| American Education ServicesPHEAA | ||||||||
| 1200 North Seventh Street | 208 | Harrisburg | PA | 17102 | 510423553 | 501(c)(3) | 11719 | College Access Champion |
| Ashtabula County Continued Education Support Svcs | ||||||||
| 17 North Market Street | Jefferson | OH | 44047 | 341930119 | 501(c)(3) | 49000 | Support Access Programs | |
| Asset Builders of America Inc | ||||||||
| 1213 North Sherman Avenue | Madison | WI | 73704 | 392005260 | 501(c)(3) | 17500 | Financial Literacy & Awareness | |
| Beloit College | ||||||||
| 700 College Street | Beloit | WI | 53511 | 390808497 | 501(c)(3) | 34170 | Help Yourself Programs | |
| Big Brothers Big Sisters of Gtr Twin Cities | ||||||||
| 2550 University Avenue | Suite 410N | St Paul | MN | 55114 | 320017737 | 501(c)(3) | 75000 | Education Initiative |
| Board of Regents of UW System | ||||||||
| 1860 Van Hise Hall | Suite 410N | Madison | WI | 53706 | State of WI | 26271 | Graduation Benchmark Study | |
| Boy Scouts of America | ||||||||
| 1124 11-1/2 Street SE | 1220 Linden Drive | Rochester | MN | 55907 | 410698309 | 501(c)(3) | 49290 | Exploring Grant Program |
| Boys & Girls Club of the Bemidji Area | ||||||||
| PO Box 191 | Bemidji | MN | 56619 | 810599601 | 501(c)(3) | 74300 | Steps to College Program | |
| Boys and Girls Club of Dane County | ||||||||
| 2001 Taft Street | Madison | WI | 53713 | 391925617 | 501(c)(3) | 150000 | AVID/TOPS Program | |
| Boys and Girls Club of Fond Du Lac | ||||||||
| 131 South Main Street | Fond Du Lac | WI | 54936 | 391896496 | 501(c)(3) | 12300 | Project Learn Program | |
| Boys and Girls Club of Rochester | ||||||||
| 1026 East Center Street | Rochester | MN | 55904 | 411945875 | 501(c)(3) | 44539 | Operation 3.2 Program | |
| Boys and Girls Club of West Bend | ||||||||
| 925 Silverbrook Drive | West Bend | WI | 53090 | 391773689 | 501(c)(3) | 26075 | Youth Math & Science Program | |
| Boys and Girls Club of Central Minnesota | ||||||||
| 345 - 30th Avenue North | St Cloud | MN | 56303 | 411245177 | 501(c)(3) | 72376 | Core Program Grant | |
| Boys and Girls Club of Greater Milwaukee | ||||||||
| 1558 6th Street | Milwaukee | WI | 53212 | 390806292 | 501(c)(3) | 73535 | Horizons Initiative Program | |
| Boys and Girls Club of of the Northland | ||||||||
| PO Box 16435 | Duluth | MN | 55816 | 410969947 | 501(c)(3) | 51918 | ACES Program | |
| Brainerd Lakes Chambers of Comm Edn Assn | ||||||||
| PO Box 356 | Brainerd | MN | 56401 | 411787694 | 501(c)(3) | 75000 | Connection Program | |
| Brooklyn Center High School Independent School Dis | ||||||||
| 6500 Humboldt Avenue North | Brooklyn Center | MN | 55430 | Minesota SD-286 | 75000 | AVID Program Grant | ||
| Carlton County Children & Fly Svcs Collaborative | ||||||||
| 1215 Avenue C | Cloquet | MN | 55720 | Carlton Cnty MN | 106650 | YES Program | ||
| Carmen High School of Science & Technology | ||||||||
| 1712 South 32nd Street | Milwaukee | WI | 53215 | 562569203 | 501(c)(3) | 8430 | College Visits for Students Programs | |
| Central Minnesota Jobs and Training Services Inc | ||||||||
| 106 Pine Street | Monticello | MN | 55362 | 411484048 | 501(c)(3) | 64930 | Camps to Careers Programs | |
| Centro Campesino Inc | ||||||||
| 216 Oak Avenue North | Owatonna | MN | 55060 | 411945775 | 501(c)(3) | 34194 | Educational Equity Project | |
| Century College | ||||||||
| 3300 Century Avenue North | White Bear Lake | MN | 55110 | Minnesota SCUS | 7616 | Upward Bound/Trio Program | ||
| CEO Leadership Academy | ||||||||
| 3222 West Brown Street | Milwaukee | WI | 53208 | 396003457 | 501(c)(3) | 47700 | College Planning Enrichment Project | |
| Cooperative Education Service Agency #3 | ||||||||
| 1300 Industrial Drive | Fennimore | WI | 53809 | CESA Wisconsin | 13940 | Reality Check: Financial Literacy Program | ||
| Chase Student Loan Servicing LLC | ||||||||
| PO Box 7013 | Indianapolis | IN | 46207 | 15000 | College Access Champion | |||
| Cincinnati State Tech & Community College | ||||||||
| 3520 Central Parkway | Suite 005 | Cincinnati | OH | 45223 | 311430847 | 501(c)(3) | 58500 | Grant for Upward Bound Math & Science Institute |
| College of St BenedictSt Johns University | ||||||||
| 37 South College Avenue | Suite 005 | St Joseph | MN | 56374 | 410969244 | 501(c)(3) | 18065 | Upward Bound Program Grant |
| College of St Scholastica | ||||||||
| 1200 Kenwood Ave | Duluth | MN | 55811 | 410698301 | 501(c)(3) | 57726 | Upward Bound Grant | |
| Common Wealth Development Inc | ||||||||
| 1501 Williamson Street | Madison | WI | 53703 | 391323500 | 501(c)(3) | 60000 | Financial Education/Youth Programs | |
| CouleeCap Inc | ||||||||
| 201 Melby Street | Westby | WI | 54667 | 391077614 | 501(c)(3) | 75000 | Skills Enhancement Program | |
| Dr George Washington Carver Acad of Math & Sc | ||||||||
| 1900 North 1st Street | Milwaukee | WI | 53212 | Milwauke Pub Sc | 21724 | College Tour Grant | ||
| Edgewood College | ||||||||
| 1000 Edgewood College Drive | Madison | WI | 53711 | 390806202 | 501(c)(3) | 23333 | Community Scholars Grant | |
| Financial Education Center | ||||||||
| 2300 South Park Street | Suite 005 | Madison | WI | 53703 | 990148320 | 501(c)(3) | 7500 | Sponsorship of Dane County Money Smart Week |
| Forward Service Corporation | ||||||||
| 1402 Pankratz Street | Suite 005 | Madison | WI | 53701 | 391342890 | 501(c)(3) | 29525 | Encourage, Motivate, Prepare Project Grant |
| Girl Scouts of MinnesotaWisconsin LakesPines | ||||||||
| 400 Second Avenue South | Suite 101 | Waite Park | MN | 56387 | 410877820 | 501(c)(3) | 21091 | College 101 Visits Grant |
| Girl Scouts of MinnesotaWisconsin River Vly | ||||||||
| 400 Robert Smith South | Saint Paul | MN | 55107 | 410693910 | 501(c)(3) | 93500 | College Pathways Program | |
| Good Hope Economic Delvelopment Corporation | ||||||||
| 8605 West Hope Road | Milwaukee | WI | 53224 | 260059784 | 501(c)(3) | 34250 | High School College Visits Grants | |
| Great Lakes Educational Loan Services Inc | ||||||||
| 2401 International Lane | Madison | WI | 53704 | 153210 | College Access Champion | |||
| Great Lakes Higher Education Corporation | ||||||||
| 2401 International Lane | Suite 100 | Madison | WI | 53704 | 391090394 | 501(c)(3) | 40000000 | Student Financial Aid Activities |
| Green Bay Area Public Schools | ||||||||
| 200 South Broadway | Suite 100 | Green Bay | WI | 54303 | GreenBay Pub Sc | 24896 | AVID Program Grant | |
| Greene County College Success Partnership | ||||||||
| 25 Greene Street | NW Tech Bldg 102 | Xenia | OH | 45385 | 311751001 | 501(c)(3) | 75000 | Continuity Planning Grant |
| Indianhead Community Action Agency Inc | ||||||||
| 209 East Third Street South | NW Tech Bldg 102 | Ladysmith | WI | 54848 | 391086966 | 501(c)(3) | 75000 | Fresh Start Program |
| Itasca Community College | ||||||||
| 1851 East Highway 169 | Suite 730 | Grand Rapids | MN | 55744 | Minnesota SCUS | 17120 | TRiO Programs | |
| Junior Achievement of the Upper Midwest Inc | ||||||||
| 1800 White Bear Ave North | Maplewood | MN | 55109 | 411424988 | 501(c)(3) | 67500 | Finance Park and Titan Experience | |
| Junior Achievement of Wisconsin Inc | ||||||||
| 6924 North Port Washington Road | 200 | Milwaukee | WI | 53217 | 390826295 | 501(c)(3) | 18750 | Career & Financial Literacy Grant |
| LakeGEAUGA Educational Assistance Fdn | ||||||||
| 8221 Auburn Road | 200 | Concord | OH | 44077 | 341640416 | 501(c)(3) | 112500 | High School Advisory Program Grant |
| Make a Difference Wisconsin Inc | ||||||||
| 710 North Plankinton Avenue | Suite 730 | Milwaukee | WI | 53202 | 205203533 | 501(c)(3) | 20000 | Financial Literacy |
| Mapping Your Future Inc | ||||||||
| PO Box 5176 | Suite 730 | Round Rock | TX | 78683 | 460458615 | 501(c)(3) | 20676 | College/Career Financial Aid Information |
| Mesabi Range Community & Technical College | ||||||||
| 1001 Chestnut Street West | Suite 350 | Virginia | MN | 55792 | 411687554 | 501(c)(3) | 17255 | TRIO Program Grant |
| Minnesota African Women's Association | ||||||||
| 2207 North Second Street | Suite 201 | Minneapolis | MN | 55411 | 411259139 | 501(c)(3) | 37505 | AGILE Program |
| Minnesota Minority Educ Partnership Inc | ||||||||
| 2233 University Avenue West | Suite 201 | St Paul | MN | 55114 | 411699505 | 501(c)(3) | 61517 | MCAN Intiative Grant |
| Minnesota Office of Higher Education | ||||||||
| 1450 Energy Park Drive | 220 | St Paul | MN | 55108 | 416007162 | Govt | 61634 | Get Ready/GEAR UP Programs Grants |
| Nehemiah community Development Corporation | ||||||||
| 655 West Badger Road | Suite 350 | Madison | WI | 53713 | 391736091 | 501(c)(3) | 22177 | On Ramp College Prep Program Grant |
| NELNET | ||||||||
| 121 South 13th Street | Suite 201 | Lincoln | NE | 68508 | 32305 | College Access Champion | ||
| Noble County Integration Collaborative | ||||||||
| 117 11th Avenue | Suite 201 | Worthington | MN | 56187 | Noble Cnty, MN | 69010 | College/Career Preparation | |
| North Coast Center of Excellence | ||||||||
| 2830 Napoleon Road | Suite 1 | Fremont | OH | 43420 | State of Ohio | 46201 | College Access Program Grant | |
| Northfield High School | ||||||||
| 1400 Division Street S | Northfield | MN | 55057 | City of Nrthfld | 69946 | TORCH Program | ||
| OASFAA | ||||||||
| 525 South Main Street | 2nd Floor | Ada | OH | 45810 | 310883788 | 501(c)(3) | 23800 | College Goal |
| Oberlin College | ||||||||
| 173 West Lorain Street | 2nd Floor | Oberlin | OH | 44074 | 340714363 | 501(c)(3) | 10255 | Ninde Program |
| Ohio College Access Network | ||||||||
| 500 South Front Street | Suite 980 | Columbus | OH | 43215 | 311677604 | 501(c)(3) | 474776 | College Access Investment Program |
| Operation Fresh Start Inc | ||||||||
| 1925 Winnebago Street | Suite 980 | Madison | WI | 53704 | 237108090 | 501(c)(3) | 35500 | Pathway to Post-Secondary Education |
| People Helping People Milwaukee Inc | ||||||||
| 2039 W Wells Street | Milwaukee | WI | 53233 | 261957593 | 501(c)(3) | 13720 | RISE Summer 2010 College Tours Grant | |
| Project Fine Inc | ||||||||
| 202 W 3rd Street | Winona | MN | 55987 | 411883675 | 501(c)(3) | 57042 | Education Connection Program | |
| Project Grad Cincinnati Inc | ||||||||
| 301 Oak Street | Cincinnati | OH | 45219 | 311816376 | 501(c)(3) | 64600 | Project GRAD Cincinnati Scholarship Program | |
| Sallie Mae Servicing Corp | ||||||||
| 12061 Bluemont Way | Reston | VA | 20190 | 45000 | College Access Champion | |||
| Southwest Minnesota Private Industry Council Inc | ||||||||
| 607 West Main Street | Marshall | MN | 56258 | 411487964 | 501(c)(3) | 59700 | Outreach to Schools Program | |
| Southwest Minnesota State University | ||||||||
| 30 7th Street East | Suite 350 | St Paul | MN | 55101 | Minnesota SCUS | 8499 | TRIO Upward Bound Program Grant | |
| St Cloud Technical College | ||||||||
| 1540 Northway Drive | Suite 350 | St Cloud | MN | 56303 | 411687554 | Govt | 47440 | College Bound Program |
| St Olaf College TrioGear Up | ||||||||
| 1520 St Olaf Avenue | Northfield | MN | 55057 | 410693979 | 501(c)(3) | 67872 | TRIO/GEAR UP Pre-College Programs | |
| Strive LLC | ||||||||
| One West Fourth Street | No 200 | Cincinnati | OH | 45202 | 311321973 | 501(c)(3) | 80000 | Cincinnati College Readiness Fund |
| Students & Leaders Net Incorporated | ||||||||
| 10 E Doty Street | No 200 | Madison | WI | 53703 | 261244214 | 501(c)(3) | 70000 | Startup and Operating Expenses Grant |
| US Department of Education | ||||||||
| PO Box 530260 | Atlanta | GA | 30353 | US Govt | 105000 | College Access Champion | ||
| UW-Eau Claire | ||||||||
| 105 Garfield Avenue | Eau Claire | WI | 54702 | 396006492 | 501(c)(3) | 90658 | Blugold Beginnings & Educational Opportunity Centr | |
| UW-Fox Valley | ||||||||
| 1478 Midway Road | Menasha | WI | 54592 | State of WI | 40532 | Educational Talent Search Program | ||
| UW - Green Bay | ||||||||
| 2420 Nicolet Drive | Green Bay | WI | 54311 | 396006492 | 501(c)(3) | 54935 | Phuture Phoenix Program | |
| UW-Madison | ||||||||
| University Avenue | Madison | WI | 53706 | State of WI | 70000 | UW-Madison Payback Calculator | ||
| UW-Milwaukee | ||||||||
| 3271 Lake Drive | Milwaukee | WI | 53211 | 396006492 | 501(c)(3) | 46065 | Life Impact Program | |
| UW-Parkside | ||||||||
| 900 Wood Road | Kenosha | WI | 53141 | 396006492 | 501(c)(3) | 30451 | Summer Scholars Bridge Program | |
| UW-Stevens Point | ||||||||
| 2100 Main Street | Stevens Point | WI | 54481 | 396006492 | 501(c)(3) | 6918 | Upward Bound Program | |
| UW-Stout | ||||||||
| 712 South Broadway Street | Menomonie | WI | 54751 | 396006492 | 501(c)(3) | 16329 | ASPIRE Summer Bridge Living Learning Community Pro | |
| UW-Waukesha Foundation Inc | ||||||||
| 1500 North University Drive | Waukesha | WI | 53188 | 391588785 | 501(c)(3) | 42410 | Pre-College Program | |
| UW-Whitewater | ||||||||
| 800 West Main Street | Whitewater | WI | 53190 | State of WI | 35288 | Upward Bound Program | ||
| WASFAA-WI | ||||||||
| 100 North East Avenue | Suite 700 | Waukesha | WI | 53186 | 396279228 | 501(c)(3) | 25000 | College Goal Sunday Program |
| WCGVWVTV TV | ||||||||
| 4041 N 35th Street | Suite 700 | Milwaukee | WI | 53216 | 45000 | FAFSA Outreach Program | ||
| Wells Fargo Bank NA | ||||||||
| PO Box 650725 | Dallas | TX | 75265 | 40000 | College Access Champion | |||
| West Central Wisconsin Community Action Agency | ||||||||
| PO Box 308 | Glenwood City | WI | 54013 | 391076125 | 501(c)(3) | 43924 | Skills Enhancement Program | |
| Western Community Action Inc | ||||||||
| 400 West Main Street | Suite 201 | Marshall | MN | 56258 | 410888137 | 501(c)(3) | 45124 | Generation Next Program |
| Western Dairyland Economic Opportunity Council Inc | ||||||||
| PO Box 125 | Suite 201 | Independence | WI | 54747 | 391076993 | 501(c)(3) | 75000 | Success Incentives |
| Wisconsin Covenant Foundation Inc | ||||||||
| 2401 International Lane | Madison | WI | 53704 | 261550326 | 501(c)(3) | 150277 | Contributed Organization Costs | |
| Wisconsin Covenant Foundation Inc | ||||||||
| 2401 International Lane | Suite 402 | Madison | WI | 53704 | 261550326 | 501(c)(3) | 79726 | Tribute Dinner |
| Wisconsin Dept of Public Instruction | ||||||||
| 125 S Webster Street | Suite 402 | Madison | WI | 53707 | State of WI | 50341 | Kick-Off Conference/CLIMB Theater Event | |
| Wisconsin Fdn For Independent Colleges Inc | ||||||||
| 4425 North Port Washington Road | Suite 100resou | Milwaukee | WI | 53212 | 396068752 | 501(c)(3) | 150000 | College Readiness 21 |
| Workforce Resource | ||||||||
| 401 Technology Drive East | Suite 402 | Menomonie | WI | 54751 | 391455735 | 501(c)(3) | 47368 | Resource Youth Career |
| XAP | ||||||||
| 3534 Hayden Avenue | Suite 100 | Culver City | CA | 90232 | 151646 | Wisconsin Mentor Maintenance | ||
| YMCA of Metropolitan Milwaukee | ||||||||
| 161 W Wisconsin Avenue | Milwaukee | WI | 53206 | 390806314 | 501(c)(3) | 44996 | Sponsor-A-Scholar Program | |
| YMCA of Metropolitan Minnesota | ||||||||
| 30 South Ninth Street | Minneapolis | MN | 55402 | 410695629 | 501(c)(3) | 59240 | Multi-Cultural Achievers Program | |
| Young Womens Christian Assn of La Crosse | ||||||||
| 3219 Commerce Street | La Crosse | WI | 54603 | 390810543 | 501(c)(3) | 10395 | 2010 Summer College Tours | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Nbr Of501 C3 And Govt Grants | 92 | TotalNbrOf501C3AndGovtGrants |
| Total Nbr Of Other Organizations | 8 | TotalNbrOfOtherOrganizations |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Form 990, Schedule I - Part I, Line 2 | Identifier |
| Return Reference | Description of Organization's Procedures for Monitoring the Use of Grants | ReturnReference |
| Explanation | 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. Per the College Access Champion (CAC) Program, grants were submitted to the following organizations on behalf of the CAC award recipients: ACS - $59,879 American Education Services (PHEAA) - $11,719 Chase Student Loan Servicing, LLC - $15,000 Great Lakes Educational Loan Services, Inc. - $153,210 NELNET - $32,305 Sallie Mae Servicing Corporation - $45,000 US Department of Education - $105,000 Wells Fargo Bank - $40,000 | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Severance Payment | false | SeverancePayment |
| Supplemental Nonqual Retire Plan | true | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | false | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | false | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | false | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | false | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | false | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | false | AnyNonFixedPayments |
| Initial Contract Exception | false | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII (6 entries)
| Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Richard D George 23 | ||||||||||||
| 0 | 268231 | 0 | 275572 | 0 | 3886 | 0 | 45066 | 0 | 19247 | 0 | 612002 | 0 |
| Nancy Seifert 3 | ||||||||||||
| 0 | 154999 | 0 | 160599 | 0 | 1331 | 0 | 31840 | 0 | 18939 | 0 | 367708 | 0 |
| Clark Wold | ||||||||||||
| 168577 | 0 | 60507 | 0 | 3810 | 0 | 35639 | 0 | 9965 | 0 | 278498 | 0 | 0 |
| Amy Kobishop | ||||||||||||
| 135000 | 0 | 115524 | 0 | 21937 | 0 | 26837 | 0 | 2999 | 0 | 302297 | 0 | 21658 |
| Beth Erickson | ||||||||||||
| 113538 | 0 | 70524 | 0 | 4251 | 0 | 22265 | 0 | 15133 | 0 | 225711 | 0 | 0 |
| Jacqueline Fairbairn | ||||||||||||
| 87609 | 0 | 50536 | 0 | 263 | 0 | 19154 | 0 | 22733 | 0 | 180295 | 0 | 0 |
Form990 Schedule J Part III Form990ScheduleJPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Supplemental Compensation Information | Identifier |
| Explanation | Schedule J, Part I, Line 4b THE FOLLOWING INDIVIDUALS PARTICIPATED IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN: RICHARD GEORGE, NANCY SEIFERT, Amy Kobishop, and Jacqueline Fairbairn. THERE WERE NO NEW PAYMENTS INTO THE PLAN. AMY KOBISHOP RECEIVED A FINAL PAYMENT FROM THE PLAN IN 2010. THE SUPPLEMENTAL NONQUALIFIED PLAN (OPTIONIT PLAN) WAS IN EFFECT FOR FOUR YEARS (1998-2001) AND WAS OFFERED BY THE EMPLOYER TO MANAGEMENT AND STAFF FOR RETENTION PURPOSES. | Explanation |
Schedule L IRS990ScheduleL
Form990 Schedule L Part IV Form990ScheduleLPartIV (2 entries)
| RelationshipRelationship | Amount Of TransactionAmountOfTransaction | Description Of TransactionDescriptionOfTransaction | Sharing Of RevenuesSharingOfRevenues |
|---|---|---|---|
| Great Lakes Educational Loan Svcs | |||
| Contrl Ent/officer ovrlap | 2022000 | GLELSI Bldg Rent Pd to GLHEGC | false |
| Great Lakes Educational Loan Svcs | |||
| Contrl Ent/officer ovrlap | 2695821 | Intercompany Reimb. to GLELSI | false |
Schedule N IRS990ScheduleN
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liquidation Table | LiquidationTable |
Disposition Table DispositionTable (2 entries)
| Description Of AssetDescriptionOfAsset | Date Of DistributionDateOfDistribution | FMV Of AssetFMVOfAsset | EINEIN | Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | IRC SectionIRCSection |
|---|---|---|---|---|---|---|---|---|
| Great Lakes Higher Education Corpor | ||||||||
| Cash | 2010-03-26 | 20000000 | 391090394 | 2401 International Lane | Madison | WI | 53704 | 501(c)(3) |
| Great Lakes Higher Education Corpor | ||||||||
| Cash | 2010-08-23 | 20000000 | 391090394 | 2401 International Lane | Madison | WI | 53704 | 501(c)(3) |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Director Of Successor2 | true | DirectorOfSuccessor2 |
| Employee Of Successor2 | false | EmployeeOfSuccessor2 |
| Owner Of Successor2 | false | OwnerOfSuccessor2 |
| Receive Compensation2 | false | ReceiveCompensation2 |
Form990 Schedule N Part III Form990ScheduleNPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Part II, Line 2A | Identifier |
| Explanation | Organization's annual transfer to Great Lakes Higher Education Corporation Two officers and five directors are officers and directors, respectively, in the transferor and the transferee corporations (related tax-exempt organization). Overlapping Officers: Richard George and Nancy Seifert Overlapping Directors: Emerson Brumback, Richard George, David Hanson, Janice Hesalroad and Richard Weiss. | Explanation |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Supplemental Information | Identifier |
| Explanation | Form 990, Part VI, Questions 6 and 7a Members and Stockholders: Great Lakes Higher Education Corporation, a nonrofit 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 DECISIONS OF GOVERNING BODY SUBJECT TO APPROVAL: 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 Describe the process the organization used to review the Form 990: On an annual basis, the Chairman of the Board and the Audit Committee review the Form 990 prior to filing. At a subsequent Board of Director and/or Personnel Policy Committee meeting, the relevant Form 990 information is reviewed including the compensation schedules, and the conflicts of interest questionnaires are completed by each director. Form 990, Part VI, Question 12c Description of process to monitor transactions for conflicts of interest: 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 Process for determining compensation: 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. Form 990, Part VI, Question 19 Governing Documents, Conflict of Interest Policy, And Financial Statements: Federal tax law does not require that such documents be made publicly available. Documents are available upon specific request. Part VII, Section A Devoted hours to RElated Organizations: GLHEC = Great Lakes Higher Education Corporation NG = Northstar Guarantee Inc. *Richard George - 60 hours with GLHEC and 1 hour with NG *Nancy Seifert - 55 hours with GLHEC and 1 hour with NG Part VII, Section A Compensation Footnotes: (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 2 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 24d Corporate Support Function Allocation: 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 loan guaranty/origination activities, technology support and administrative support. Form 990 XI, Line 5 Other Changes in Net Assets: (2,000,000) - 2009 Transfer Pricing Adjustment 1,660,405 - Affiliation Transfer 7,188 - Unrealized Loss on Investments ----------- (332,407) - Other Changes in Net Assets ----------- | Explanation |
Schedule R IRS990ScheduleR
Form990 Schedule R Part II Form990ScheduleRPartII (3 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EINEIN | Primary ActivitiesPrimaryActivities | Legal Domicile StateLegalDomicileState | Exempt Code SectionExemptCodeSection | Public Charity StatusPublicCharityStatus | Business Name Line1DirectControllingEntityName/BusinessNameLine1 |
|---|---|---|---|---|---|---|---|---|---|
| Great Lakes Higher Education Corporation | |||||||||
| 2401 International Lane | Madison | WI | 53704 | 391090394 | Stdnt Ln Svcs | WI | 501(c)(3) | 11B Type 2 | NA |
| Northstar Guarantee Inc | |||||||||
| 2401 International Lane | Madison | WI | 53704 | 411689095 | STDT REHAB LN | MN | 501(c)(3) | 9 | GLHEC |
| Education Assistance Corporation | |||||||||
| 115 1st Avenue SW | Aberdeen | SD | 57401 | 460344021 | Stdnt Ln Svcs | SD | 501(c)(4) | GLHEC | |
Form990 Schedule R Part IV Form990ScheduleRPartIV
Name Of Related Org NameOfRelatedOrg
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Great Lakes Educational Loan Svcs Inc | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2401 International Lane | AddressLine1 |
| City | Madison | City |
| State | WI | State |
| ZIP Code | 53704 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 391864035 | EIN |
| Primary Activity | Student Loan Svcs | PrimaryActivity |
| Legal Domicile State | WI | LegalDomicileState |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NA | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Type Of Entity | C Corp | TypeOfEntity |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | true | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | true | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | true | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | false | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | false | LoansOrGuaranteesFromOtherOrg |
| Sale Of Assets To Other Org | false | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | false | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | false | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | true | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | false | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | false | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | false | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | false | SharingOfFacilities |
| Sharing Of Paid Employees | false | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | true | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | false | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | true | OtherTransferToOtherOrg |
| Other Transfer From Other Org | true | OtherTransferFromOtherOrg |
Transactions Related Orgs Table TransactionsRelatedOrgsTable (3 entries)
| Transaction TypeTransactionType | Amount InvolvedAmountInvolved |
|---|---|
| Great Lakes Educational Loan Services Inc | |
| a | 2022000 |
| Great Lakes Educational Loan Services Inc | |
| q | 2695821 |
| Education Assistance Corporation | |
| c | 1660405 |