Liabilities / Assets
2nd percentile
Higher debt load relative to assets than 2% of similar nonprofits.
990 • Fiscal year 2014 • EIN 39-1090394
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
Liabilities / Assets
2nd percentile
Higher debt load relative to assets than 2% of similar nonprofits.
Liabilities / Revenue
25th percentile
Higher debt load relative to revenue than 25% of similar nonprofits.
Net Margin
100th percentile
Higher net margin than 100% of similar nonprofits.
Top Officer Pay
59th percentile
Higher top officer pay than 59% of similar nonprofits.
Top officer pay equals 65.7% of source-year revenue.
Asset Growth
30th percentile
Faster asset growth than 30% of similar nonprofits.
Revenue Growth
1st percentile
Faster revenue growth than 1% of similar nonprofits.
Assets
Up$608,926,662
Up $17,264,101 (+2.9%) from 2013
Net Assets
Up$608,467,518
Up $17,483,068 (+3.0%) from 2013
Liabilities
Down$459,144
Down $218,967 (-32%) from 2013
Revenue
Down$1,525,259
Down $10,741,096 (-88%) from 2013
Expenses
Up$51,971
Up $5,800 (+13%) from 2013
Net Income
Down$1,473,288
Down $10,746,896 (-88%) from 2013
Great lakes higher education corporation operates for the support and benefit of great lakes higher education guaranty corporation and northstar guarantee inc. This mission statement has been reviewed, acknowledged and approved by the board.
Great lakes higher education corporation operates for the support and benefit of great lakes higher education guaranty corporation and northstar guarantee inc.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Savings and Temporary Cash Investments | $151,517,702 | $289,537,100 | ▲ $138,019,398 |
| Investments in Publicly Traded Securities | $252,817,787 | $118,858,444 | ▼ $133,959,343 |
| Investments Program Related | $59,013,413 | $75,381,002 | ▲ $16,367,589 |
| Investments Other Securities | $8,554,366 | $5,596,069 | ▼ $2,958,297 |
| Cash and Non-Interest-Bearing Accounts | $1,184 | $136,492 | ▲ $135,308 |
| Accounts Receivable | $0 | $0 | → $0 |
| Other Notes and Loans Receivable, Net | $0 | $0 | → $0 |
| Pledges and Grants Receivable | $0 | $0 | → $0 |
| Receivable From Disqualified Prsn | $0 | $0 | → $0 |
| Receivables From Officers Etc | $0 | $0 | → $0 |
| Land, Buildings, and Equipment, Net | $0 | - | - |
| Intangible Assets | $0 | $0 | → $0 |
| Inventories for Sale or Use | $0 | $0 | → $0 |
| Loans From Officers Directors | $0 | $0 | → $0 |
| Prepaid Expenses and Deferred Charges | $0 | $0 | → $0 |
| Total Assets | $591,662,561 | $608,926,662 | ▲ $17,264,101 |
| Other Assets Total | $119,758,109 | $119,417,555 | ▼ $340,554 |
| Liabilities | |||
| Other Liabilities | $678,111 | $459,144 | ▼ $218,967 |
| Accounts Payable and Accrued Expenses | $0 | $0 | → $0 |
| Grants Payable | $0 | $0 | → $0 |
| Mortgage Notes Payable Secured by Investment Property | $0 | $0 | → $0 |
| Unsecured Notes Loans Payable | $0 | $0 | → $0 |
| Deferred Revenue | $0 | $0 | → $0 |
| Escrow Account Liability | $0 | $0 | → $0 |
| Tax Exempt Bond Liabilities | $0 | $0 | → $0 |
| Total Liabilities | $678,111 | $459,144 | ▼ $218,967 |
| Net Assets / Fund Balance | |||
| Unrestricted Net Assets | $590,984,450 | $608,467,518 | ▲ $17,483,068 |
| Permanently Rstr Net Assets | $0 | $0 | → $0 |
| Temporarily Rstr Net Assets | $0 | $0 | → $0 |
| Total Net Assets Fund Balance | $590,984,450 | $608,467,518 | ▲ $17,483,068 |
| Total Liabilities and Net Assets / Fund Balance | $591,662,561 | $608,926,662 | ▲ $17,264,101 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Investment Program Related Org | $75,381,002 | - | - |
| Other Assets Org | $455,113 | - | - |
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Richard D George 23 | Chair/Pres/CEO/Treas | FT | $296,653 | $704,889 | $1,001,542 |
| Nancy Seifert 3 | CFO/asst Secretary | FT | $179,247 | $269,885 | $449,132 |
| Rebecca St John | Deputy General Counsel | FT | $115,000 | $44,786 | $159,786 |
| James Elvekrog | Director of Internal Audit | FT | $118,023 | $19,486 | $137,509 |
| Dawn Vogel | Director of Internal Audit | FT | $71,225 | $25,215 | $96,440 |
| Alex J Pollock 1 | Director | - | $9,500 | $9,500 | $19,000 |
| Janice Hesalroad 1 | Director | - | $6,333 | $12,667 | $19,000 |
| Richard A Weiss 1 | Director | - | $6,333 | $12,667 | $19,000 |
| Thomas J Boldt 1 | Director | - | $15,500 | - | $15,500 |
| Emerson L Brumback 1 | Director | - | $7,750 | $7,750 | $15,500 |
| Joan Prince 1 | Director | - | $7,750 | $7,750 | $15,500 |
| Linda Hoeschler 1 | Director | - | $7,750 | $7,750 | $15,500 |
| Name | Title |
|---|---|
| David J Hanson 14 | Director/Secretary |
| Contractor | Services | Location | Compensation |
|---|---|---|---|
| Ernst Young US LLP 200 Plaza Dr | Audit/Tax Service | - | $130,930 |
| Line Item | Amount |
|---|---|
| Salaries, Compensation, and Employee Benefits | $3,749,096 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Total Fundraising Expense | $0 |
| Other Expenses | $-3,697,125 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Current Officers, Directors, Trustees, and Key Employees | $525,930 | $1,305,033 | - | $1,830,963 |
| Other Salaries and Wages | $740,020 | $778,675 | - | $1,518,695 |
| Occupancy | $242,854 | $16,367 | - | $259,221 |
| Pension Plan Contributions | $87,373 | $73,661 | - | $161,034 |
| Other Employee Benefits | $89,692 | $48,348 | - | $138,040 |
| Fees for Services Accounting | - | $135,862 | - | $135,862 |
| Office Expenses | $112,782 | $3,934 | - | $116,716 |
| Payroll Taxes | $53,891 | $46,473 | - | $100,364 |
| Travel | $8,337 | $49,759 | - | $58,096 |
| Fees for Services Legal | - | $23,420 | - | $23,420 |
| Conferences and Meetings | $6,986 | $10,551 | - | $17,537 |
| Depreciation Depletion | $15,721 | - | - | $15,721 |
| Advertising | $912 | - | - | $912 |
| Other Expenses | $801 | $38 | - | $839 |
| Fees for Services Other | $650 | - | - | $650 |
| Total Functional Expenses | $24,000 | $27,971 | $0 | $51,971 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
| Interested Party | Relationship | Description | Shared Revenue | Amount |
|---|---|---|---|---|
| Great Lakes Educational Loan Svcs | Subsidiary/officer ovrlap | Services Agreement Fees | No | $13,786,951 |
| Great Lakes Educational Loan Svcs | Subsidiary/officer ovrlap | Intercompany Reimb. to GLELSI | No | $513,744 |
| Line Item | Beginning | End | Change |
|---|---|---|---|
| Loans from Officers, Directors, Trustees, and Key Employees | $0 | $0 | → $0 |
| Receivables from Disqualified Persons | $0 | $0 | → $0 |
| Receivables from Officers, Directors, Trustees, and Key Employees | $0 | $0 | → $0 |
| Liability | Amount |
|---|---|
| Compensation Plan Payable | $455,113 |
| Intercompany Payable | $4,031 |
“On an annual basis, the Chairman of the Board, President and CEO, the audit committee and board review the Form 990 prior to filing. The conflicts of interest questionnaires are completed by each Director and reviewed prior to filing the Form 990.”
“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.”
“The compensation of the CEO and all of the Officers is determined annually by the Personnel Policy Committee of the Board of Directors. The CEO is routinely excused and abstains from discussion and/or voting on any matters related to his own compensation and benefits. 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. Availability of Governing Documents, Conflict of Interest Policy, and Financial Statements to General Public: Form 990, Part VI, Question 19 Federal tax law does not require that such documents be made publicly available. Documents are available upon specific request.”
“(1) Directors normally attend 3-4 board meetings and 3-4 committee meetings per year in addition to telephonic conferences and individual meetings with officers. Directors devote an average of 1-3 hours per week to their position(s). (2) Compensation line includes compensation for general counsel services and affiliate group responsibilities. 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.”
“$16,367,589 - change in investment in wholly owned subsidiary - great lakes educational loan services, inc.”
“$118,419,274 Lender Funding Contribution Transfer The $118,419,274 represents the 2008-2010 Lender Funding Contribution Transfer to Northstar Guarantee Inc. (Related Entity).”
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
| Path | # | Value |
|---|---|---|
| IRS990/AccountantCompileOrReviewInd | 0 | false |
| IRS990/AccountsPayableAccrExpnssGrp/BOYAmt | 0 | 0 |
| IRS990/AccountsPayableAccrExpnssGrp/EOYAmt | 0 | 0 |
| IRS990/AccountsReceivableGrp/BOYAmt | 0 | 0 |
| IRS990/AccountsReceivableGrp/EOYAmt | 0 | 0 |
| IRS990/ActivitiesConductedPrtshpInd | 0 | false |
| IRS990/ActivityOrMissionDesc | 0 | GREAT LAKES HIGHER EDUCATION CORPORATION OPERATES FOR THE SUPPORT AND BENEFIT OF GREAT LAKES HIGHER EDUCATION GUARANTY CORPORATION AND NORTHSTAR GUARANTEE INC. |
| IRS990/AdvertisingGrp/ProgramServicesAmt | 0 | 912 |
| IRS990/AdvertisingGrp/TotalAmt | 0 | 912 |
| IRS990/AnnualDisclosureCoveredPrsnInd | 0 | true |
| IRS990/AuditCommitteeInd | 0 | true |
| IRS990/BackupWthldComplianceInd | 0 | true |
| IRS990/BenefitsToMembersGrp/TotalAmt | 0 | 0 |
| IRS990/BooksInCareOfDetail/PersonNm | 0 | MS NANCY SEIFERT |
| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 6082461410 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 2401 INTERNATIONAL LANE |
| IRS990/BooksInCareOfDetail/USAddress/CityNm | 0 | MADISON |
| IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | WI |
| IRS990/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 53704 |
| IRS990/BusinessRlnWithFamMemInd | 0 | false |
| IRS990/BusinessRlnWithOfficerEntInd | 0 | true |
| IRS990/BusinessRlnWithOrgMemInd | 0 | false |
| IRS990/CashNonInterestBearingGrp/BOYAmt | 0 | 1184 |
| IRS990/CashNonInterestBearingGrp/EOYAmt | 0 | 136492 |
| IRS990/ChangeToOrgDocumentsInd | 0 | false |
| IRS990/CntrctRcvdGreaterThan100KCnt | 0 | 1 |
| IRS990/CollectionsOfArtInd | 0 | false |
| IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt | 0 | 1305033 |
| IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt | 0 | 525930 |
| IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt | 0 | 1830963 |
| IRS990/CompDisqualPersonsGrp/TotalAmt | 0 | 0 |
| IRS990/CompensationFromOtherSrcsInd | 0 | false |
| IRS990/CompensationProcessCEOInd | 0 | true |
| IRS990/CompensationProcessOtherInd | 0 | true |
| IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt | 0 | 10551 |
| IRS990/ConferencesMeetingsGrp/ProgramServicesAmt | 0 | 6986 |
| IRS990/ConferencesMeetingsGrp/TotalAmt | 0 | 17537 |
| IRS990/ConflictOfInterestPolicyInd | 0 | true |
| IRS990/ConservationEasementsInd | 0 | false |
| IRS990/ConsolidatedAuditFinclStmtInd | 0 | true |
| IRS990/ContractorCompensationGrp/CompensationAmt | 0 | 130930 |
| IRS990/ContractorCompensationGrp/ContractorName/PersonNm | 0 | Ernst Young US LLP 200 Plaza Dr |
| IRS990/ContractorCompensationGrp/ServicesDesc | 0 | Audit/Tax Service |
| IRS990/CreditCounselingInd | 0 | false |
| IRS990/CYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/CYContributionsGrantsAmt | 0 | 0 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/CYInvestmentIncomeAmt | 0 | 1525259 |
| IRS990/CYOtherExpensesAmt | 0 | -3697125 |
| IRS990/CYOtherRevenueAmt | 0 | 0 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 0 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | 1473288 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 3749096 |
| IRS990/CYTotalExpensesAmt | 0 | 51971 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 0 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 1525259 |
| IRS990/DecisionsSubjectToApprovaInd | 0 | false |
| IRS990/DeductibleArtContributionInd | 0 | false |
| IRS990/DeductibleNonCashContriInd | 0 | false |
| IRS990/DeferredRevenueGrp/BOYAmt | 0 | 0 |
| IRS990/DeferredRevenueGrp/EOYAmt | 0 | 0 |
| IRS990/DelegationOfMgmtDutiesInd | 0 | false |
| IRS990/DepreciationDepletionGrp/ProgramServicesAmt | 0 | 15721 |
| IRS990/DepreciationDepletionGrp/TotalAmt | 0 | 15721 |
| IRS990/Desc | 0 | GREAT LAKES HIGHER EDUCATION CORPORATION OPERATES FOR THE SUPPORT AND BENEFIT OF GREAT LAKES HIGHER EDUCATION GUARANTY CORPORATION (GLHEGC) AND NORTHSTAR GUARANTEE INC. (NORTHSTAR). GLHEGC and Northstar ensure enablement of access to and persistence in post-secondary education by providing philanthropic support and cost effective guaranty agency services and lower cost or otherwise unavailable funding for federally guaranteed loans to students and parents and/or alternative non-federally guaranteed loans. |
| IRS990/DescribedInSection501c3Ind | 0 | true |
| IRS990/DisregardedEntityInd | 0 | false |
| IRS990/DocumentRetentionPolicyInd | 0 | true |
| IRS990/DonorAdvisedFundInd | 0 | false |
| IRS990/ElectionOfBoardMembersInd | 0 | false |
| IRS990/EmployeeCnt | 0 | 34 |
| IRS990/EmploymentTaxReturnsFiledInd | 0 | true |
| IRS990/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990/EscrowAccountLiabilityGrp/BOYAmt | 0 | 0 |
| IRS990/EscrowAccountLiabilityGrp/EOYAmt | 0 | 0 |
| IRS990/ExpenseAmt | 0 | 24000 |
| IRS990/FamilyOrBusinessRlnInd | 0 | false |
| IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt | 0 | 135862 |
| IRS990/FeesForServicesAccountingGrp/TotalAmt | 0 | 135862 |
| IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt | 0 | 23420 |
| IRS990/FeesForServicesLegalGrp/TotalAmt | 0 | 23420 |
| IRS990/FeesForServicesLobbyingGrp/TotalAmt | 0 | 0 |
| IRS990/FeesForServicesManagementGrp/TotalAmt | 0 | 0 |
| IRS990/FeesForServicesOtherGrp/ProgramServicesAmt | 0 | 650 |
| IRS990/FeesForServicesOtherGrp/TotalAmt | 0 | 650 |
| IRS990/FeesForServicesProfFundraising/TotalAmt | 0 | 0 |
| IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt | 0 | 0 |
| IRS990/ForeignActivitiesInd | 0 | false |
| IRS990/ForeignFinancialAccountInd | 0 | false |
| IRS990/ForeignGrantsGrp/TotalAmt | 0 | 0 |
| IRS990/ForeignOfficeInd | 0 | false |
| IRS990/Form8282PropertyDisposedOfInd | 0 | false |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 0 | 0.0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 1 | 1.0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 2 | 2.0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 3 | 2.0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 4 | 1.0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 5 | 1.0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 6 | 1.0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 7 | 2.0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 8 | 2.0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 9 | 2.0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 10 | 0.0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 11 | 0.0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 12 | 0.0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 0 | 3.0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 1 | 2.0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 2 | 1.0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 3 | 1.0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 4 | 2.0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 5 | 2.0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 6 | 2.0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 7 | 1.0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 8 | 58.0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 9 | 53.0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 10 | 50.0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 11 | 50.0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 12 | 50.0 |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 4 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 5 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 6 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 7 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 8 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 4 | X |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 8 | 102106 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 9 | 61273 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 10 | 18897 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 11 | 19486 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 12 | 25215 |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 0 | Thomas J Boldt 1 |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 1 | Emerson L Brumback 1 |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 2 | David J Hanson 14 |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 3 | Janice Hesalroad 1 |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 4 | Linda Hoeschler 1 |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 5 | Alex J Pollock 1 |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 6 | Joan Prince 1 |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 7 | Richard A Weiss 1 |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 8 | Richard D George 23 |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 9 | Nancy Seifert 3 |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 10 | Rebecca St John |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 11 | James Elvekrog |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 12 | Dawn Vogel |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 0 | 15500 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 1 | 7750 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 3 | 6333 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 4 | 7750 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 5 | 9500 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 6 | 7750 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 7 | 6333 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 8 | 899436 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 9 | 387859 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 10 | 140889 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 11 | 118023 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 12 | 71225 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 1 | 7750 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 3 | 12667 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 4 | 7750 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 5 | 9500 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 6 | 7750 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 7 | 12667 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 9 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 10 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 11 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 12 | 0 |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 0 | Director |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | Director |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | Director/Secretary |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | Director |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | Director |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 5 | Director |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 6 | Director |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 7 | Director |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 8 | Chair/Pres/CEO/Treas |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 9 | CFO/ASST SECRETARY |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 10 | Deputy General Counsel |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 11 | Director of Internal Audit |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 12 | Director of Internal Audit |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | true |
| IRS990/FormationYr | 0 | 1967 |
| IRS990/FormerOfcrEmployeesListedInd | 0 | false |
| IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd | 0 | X |
| IRS990/FSAuditedInd | 0 | true |
| IRS990/FundraisingActivitiesInd | 0 | false |
| IRS990/GamingActivitiesInd | 0 | false |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 9 |
| IRS990/GrantsPayableGrp/BOYAmt | 0 | 0 |
| IRS990/GrantsPayableGrp/EOYAmt | 0 | 0 |
| IRS990/GrantsToDomesticIndividualsGrp/TotalAmt | 0 | 0 |
| IRS990/GrantsToDomesticOrgsGrp/TotalAmt | 0 | 0 |
| IRS990/GrantsToIndividualsInd | 0 | false |
| IRS990/GrantsToOrganizationsInd | 0 | false |
| IRS990/GrantToRelatedPersonInd | 0 | false |
| IRS990/GrossReceiptsAmt | 0 | 1525259 |
| IRS990/GroupReturnForAffiliatesInd | 0 | false |
| IRS990/IncludeFIN48FootnoteInd | 0 | false |
| IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt | 0 | 0 |
| IRS990/IndependentAuditFinclStmtInd | 0 | false |
| IRS990/IndependentVotingMemberCnt | 0 | 8 |
| IRS990/IndivRcvdGreaterThan100KCnt | 0 | 4 |
| IRS990/IndoorTanningServicesInd | 0 | false |
| IRS990/InfoInScheduleOPartVIIInd | 0 | X |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InfoInScheduleOPartXIInd | 0 | X |
| IRS990/InformationTechnologyGrp/TotalAmt | 0 | 0 |
| IRS990/InsuranceGrp/TotalAmt | 0 | 0 |
| IRS990/IntangibleAssetsGrp/BOYAmt | 0 | 0 |
| IRS990/IntangibleAssetsGrp/EOYAmt | 0 | 0 |
| IRS990/InterestGrp/TotalAmt | 0 | 0 |
| IRS990/InventoriesForSaleOrUseGrp/BOYAmt | 0 | 0 |
| IRS990/InventoriesForSaleOrUseGrp/EOYAmt | 0 | 0 |
| IRS990/InvestmentIncomeGrp/ExclusionAmt | 0 | 1525259 |
| IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt | 0 | 1525259 |
| IRS990/InvestmentInJointVentureInd | 0 | false |
| IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt | 0 | 8554366 |
| IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt | 0 | 5596069 |
| IRS990/InvestmentsProgramRelatedGrp/BOYAmt | 0 | 59013413 |
| IRS990/InvestmentsProgramRelatedGrp/EOYAmt | 0 | 75381002 |
| IRS990/InvestmentsPubTradedSecGrp/BOYAmt | 0 | 252817787 |
| IRS990/InvestmentsPubTradedSecGrp/EOYAmt | 0 | 118858444 |
| IRS990/IRPDocumentCnt | 0 | 12 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LandBldgEquipBasisNetGrp/BOYAmt | 0 | 0 |
| IRS990/LegalDomicileStateCd | 0 | WI |
| IRS990/LoanOutstandingInd | 0 | false |
| IRS990/LoansFromOfficersDirectorsGrp/BOYAmt | 0 | 0 |
| IRS990/LoansFromOfficersDirectorsGrp/EOYAmt | 0 | 0 |
| IRS990/LobbyingActivitiesInd | 0 | false |
| IRS990/LocalChaptersInd | 0 | false |
| IRS990/MaterialDiversionOrMisuseInd | 0 | false |
| IRS990/MembersOrStockholdersInd | 0 | false |
| IRS990/MethodOfAccountingAccrualInd | 0 | X |
| IRS990/MinutesOfCommitteesInd | 0 | true |
| IRS990/MinutesOfGoverningBodyInd | 0 | true |
| IRS990/MissionDesc | 0 | GREAT LAKES HIGHER EDUCATION CORPORATION OPERATES FOR THE SUPPORT AND BENEFIT OF GREAT LAKES HIGHER EDUCATION GUARANTY CORPORATION AND NORTHSTAR GUARANTEE INC. THIS MISSION STATEMENT HAS BEEN REVIEWED, ACKNOWLEDGED AND APPROVED BY THE BOARD. |
| IRS990/MoreThan5000KToIndividualsInd | 0 | false |
| IRS990/MoreThan5000KToOrgInd | 0 | false |
| IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt | 0 | 0 |
| IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt | 0 | 0 |
| IRS990/NetAssetsOrFundBalancesBOYAmt | 0 | 590984450 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 608467518 |
| IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt | 0 | 0 |
| IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt | 0 | 0 |
| IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt | 0 | 0 |
| IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt | 0 | 0 |
| IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt | 0 | 0 |
| IRS990/NetUnrlzdGainsLossesInvstAmt | 0 | -357809 |
| IRS990/NondeductibleContributionsInd | 0 | false |
| IRS990/OccupancyGrp/ManagementAndGeneralAmt | 0 | 16367 |
| IRS990/OccupancyGrp/ProgramServicesAmt | 0 | 242854 |
| IRS990/OccupancyGrp/TotalAmt | 0 | 259221 |
| IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt | 0 | 3934 |
| IRS990/OfficeExpensesGrp/ProgramServicesAmt | 0 | 112782 |
| IRS990/OfficeExpensesGrp/TotalAmt | 0 | 116716 |
| IRS990/OfficerMailingAddressInd | 0 | false |
| IRS990/OperateHospitalInd | 0 | false |
| IRS990/Organization501c3Ind | 0 | X |
| IRS990/OrganizationFollowsSFAS117Ind | 0 | X |
| IRS990/OtherAssetsTotalGrp/BOYAmt | 0 | 119758109 |
| IRS990/OtherAssetsTotalGrp/EOYAmt | 0 | 119417555 |
| IRS990/OtherChangesInNetAssetsAmt | 0 | 16367589 |
| IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt | 0 | 48348 |
| IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt | 0 | 89692 |
| IRS990/OtherEmployeeBenefitsGrp/TotalAmt | 0 | 138040 |
| IRS990/OtherExpensesGrp/Desc | 0 | SERVICE ARRANGEMENT FEES |
| IRS990/OtherExpensesGrp/Desc | 1 | DUES AND MEMBERSHIPS |
| IRS990/OtherExpensesGrp/Desc | 2 | CORP SUPP FUNCT ALLOCATION |
| IRS990/OtherExpensesGrp/Desc | 3 | MISCELLANEOUS |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 0 | -2464150 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 1 | 38 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 0 | 13786951 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 1 | 5704 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 2 | -15654604 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 3 | 801 |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 13786951 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | 5704 |
| IRS990/OtherExpensesGrp/TotalAmt | 2 | -18118754 |
| IRS990/OtherExpensesGrp/TotalAmt | 3 | 839 |
| IRS990/OtherLiabilitiesGrp/BOYAmt | 0 | 678111 |
| IRS990/OtherLiabilitiesGrp/EOYAmt | 0 | 459144 |
| IRS990/OtherRevenueTotalAmt | 0 | 0 |
| IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt | 0 | 778675 |
| IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt | 0 | 740020 |
| IRS990/OtherSalariesAndWagesGrp/TotalAmt | 0 | 1518695 |
| IRS990/OthNotesLoansReceivableNetGrp/BOYAmt | 0 | 0 |
| IRS990/OthNotesLoansReceivableNetGrp/EOYAmt | 0 | 0 |
| IRS990/PartialLiquidationInd | 0 | false |
| IRS990/PaymentsToAffiliatesGrp/TotalAmt | 0 | 0 |
| IRS990/PayPremiumsPrsnlBnftCntrctInd | 0 | false |
| IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt | 0 | 46473 |
| IRS990/PayrollTaxesGrp/ProgramServicesAmt | 0 | 53891 |
| IRS990/PayrollTaxesGrp/TotalAmt | 0 | 100364 |
| IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt | 0 | 73661 |
| IRS990/PensionPlanContributionsGrp/ProgramServicesAmt | 0 | 87373 |
| IRS990/PensionPlanContributionsGrp/TotalAmt | 0 | 161034 |
| IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt | 0 | 0 |
| IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt | 0 | 0 |
| IRS990/PledgesAndGrantsReceivableGrp/BOYAmt | 0 | 0 |
| IRS990/PledgesAndGrantsReceivableGrp/EOYAmt | 0 | 0 |
| IRS990/PoliticalCampaignActyInd | 0 | false |
| IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt | 0 | 0 |
| IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt | 0 | 0 |
| IRS990/PrincipalOfficerNm | 0 | Richard D George |
| IRS990/ProfessionalFundraisingInd | 0 | false |
| IRS990/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990/PYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/PYContributionsGrantsAmt | 0 | 0 |
| IRS990/PYExcessBenefitTransInd | 0 | false |
| IRS990/PYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/PYInvestmentIncomeAmt | 0 | 12266355 |
| IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt | 0 | 0 |
| IRS990/PYOtherExpensesAmt | 0 | -3223699 |
| IRS990/PYOtherRevenueAmt | 0 | 0 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 0 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | 12220184 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 3269870 |
| IRS990/PYTotalExpensesAmt | 0 | 46171 |
| IRS990/PYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/PYTotalRevenueAmt | 0 | 12266355 |
| IRS990/QuidProQuoContributionsInd | 0 | false |
| IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt | 0 | 0 |
| IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt | 0 | 0 |
| IRS990/RcvFndsToPayPrsnlBnftCntrctInd | 0 | false |
| IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt | 0 | 0 |
| IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt | 0 | 0 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | 1473288 |
| IRS990/RegularMonitoringEnfrcInd | 0 | true |
| IRS990/RelatedEntityInd | 0 | true |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | true |
| IRS990/RentalIncomeOrLossGrp/PersonalAmt | 0 | 0 |
| IRS990/RentalIncomeOrLossGrp/RealAmt | 0 | 0 |
| IRS990/ReportInvestmentsOtherSecInd | 0 | false |
| IRS990/ReportLandBuildingEquipmentInd | 0 | false |
| IRS990/ReportOtherAssetsInd | 0 | true |
| IRS990/ReportOtherLiabilitiesInd | 0 | true |
| IRS990/ReportProgramRelatedInvstInd | 0 | true |
| IRS990/RoyaltiesGrp/TotalAmt | 0 | 0 |
| IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt | 0 | 0 |
| IRS990/SavingsAndTempCashInvstGrp/BOYAmt | 0 | 151517702 |
| IRS990/SavingsAndTempCashInvstGrp/EOYAmt | 0 | 289537100 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd | 0 | false |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd | 0 | false |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd | 0 | false |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd | 0 | false |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd | 0 | false |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd | 0 | false |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd | 0 | false |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd | 0 | true |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd | 0 | false |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd | 0 | false |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd | 0 | false |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd | 0 | false |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind | 0 | false |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd | 0 | false |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd | 0 | false |
| IRS990ScheduleA/MajorityDirTrstSupportedOrgInd | 0 | true |
| IRS990ScheduleA/SupportedOrganizationsCnt | 0 | 2 |
| IRS990ScheduleA/SupportedOrganizationsTotalCnt | 0 | 2 |
| IRS990ScheduleA/SupportedOrgInformationGrp/EIN | 0 | 391853833 |
| IRS990ScheduleA/SupportedOrgInformationGrp/EIN | 1 | 411689095 |
| IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd | 0 | true |
| IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd | 1 | true |
| IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeDesc | 0 | 09 |
| IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeDesc | 1 | 09 |
| IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt | 0 | 0 |
| IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt | 1 | 0 |
| IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt | 0 | 18073755 |
| IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt | 1 | 45000 |
| IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt | 0 | GREAT LAKES HIGHER EDUCATION GUARANTY CORPORATION |
| IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt | 1 | NORTHSTAR GUARANTEE INC |
| IRS990ScheduleA/SupportingOrganization509a3Ind | 0 | X |
| IRS990ScheduleA/SupportingOrgType2Ind | 0 | X |
| IRS990ScheduleA/SupportSumAmt | 0 | 18118755 |
| IRS990/ScheduleBRequiredInd | 0 | false |
| IRS990ScheduleD/FederalIncomeTaxLiabilityAmt | 0 | 0 |
| IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt | 0 | 75381002 |
| IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc | 0 | INVESTMENT GL ED LOAN SVCS |
| IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd | 0 | F |
| IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt | 0 | 118419274 |
| IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt | 1 | 543168 |
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Displayed year
2014 • Form 990Detailed filing. Detailed filing data is available for this year.
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