Civic Intelligence

Ascendium Education Group Inc.

990 • Fiscal year 2014 • EIN 39-1090394

Jan 01, 2014 to Dec 31, 2014 • Filed on Sep 09, 2015

2401 International LaneSuiteMadison, WI 53704

(608) 246-1744

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

2nd percentile

0.00x

Higher debt load relative to assets than 2% of similar nonprofits.

2014 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2014

Liabilities / Revenue

25th percentile

0.30x

Higher debt load relative to revenue than 25% of similar nonprofits.

2014 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2014

Net Margin

100th percentile

97%

Higher net margin than 100% of similar nonprofits.

2014 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2014

Top Officer Pay

59th percentile

$1,001,542

Higher top officer pay than 59% of similar nonprofits.

Top officer pay equals 65.7% of source-year revenue.

2014 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2014

Asset Growth

30th percentile

2.9%

Faster asset growth than 30% of similar nonprofits.

2014 filings • 501(c)3 • $250M-$1B nonprofits • Annualized from 2013 to 2014

Revenue Growth

1st percentile

-88%

Faster revenue growth than 1% of similar nonprofits.

2014 filings • 501(c)3 • $250M-$1B nonprofits • Annualized from 2013 to 2014

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

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$4.0B$3.0B$2.0B$1.0B$0Assets 2011: $555,540,168Liabilities 2011: $622,621Net Assets 2011: $554,917,5472011Assets 2012: $574,242,929Liabilities 2012: $598,387Net Assets 2012: $573,644,5422012Assets 2013: $591,662,561Liabilities 2013: $678,111Net Assets 2013: $590,984,4502013Assets 2014: $608,926,662Liabilities 2014: $459,144Net Assets 2014: $608,467,5182014Assets 2015: $629,596,316Liabilities 2015: $291,574Net Assets 2015: $629,304,7422015Assets 2016: $851,364,138Liabilities 2016: $568,778Net Assets 2016: $850,795,3602016Assets 2017: $894,746,030Liabilities 2017: $67,157Net Assets 2017: $894,678,8732017Assets 2018: $1,090,091,290Liabilities 2018: $3,004,395Net Assets 2018: $1,087,086,8952018Assets 2019: $2,132,867,938Liabilities 2019: $27,131Net Assets 2019: $2,132,840,8072019Assets 2020: $2,297,580,826Liabilities 2020: $3,279,906Net Assets 2020: $2,294,300,9202020Assets 2021: $2,781,800,074Liabilities 2021: $3,740,839Net Assets 2021: $2,778,059,2352021Assets 2022: $2,599,459,075Liabilities 2022: $5,887,995Net Assets 2022: $2,593,571,0802022Assets 2023: $3,022,286,011Liabilities 2023: $5,766,249Net Assets 2023: $3,016,519,7622023Assets 2024: $3,555,116,130Liabilities 2024: $5,945,911Net Assets 2024: $3,549,170,2192024

Highlighted filing

2014

Assets$608,926,662
Liabilities$459,144
Net Assets$608,467,518

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$150M$100M$50M$0-$50MExpenses 2011: $54,7732011Expenses 2012: $40,9582012Revenue 2013: $12,266,355Expenses 2013: $46,171Net Income 2013: $12,220,1842013Revenue 2014: $1,525,259Expenses 2014: $51,971Net Income 2014: $1,473,2882014Revenue 2015: $16,297,764Expenses 2015: $404,180Net Income 2015: $15,893,5842015Revenue 2016: $16,797,979Expenses 2016: $1,007,767Net Income 2016: $15,790,2122016Revenue 2017: $6,216,686Expenses 2017: $1,405,311Net Income 2017: $4,811,3752017Revenue 2018: $128,791,379Expenses 2018: $992,425Net Income 2018: $127,798,9542018Revenue 2019: $29,867,739Expenses 2019: $2,064,066Net Income 2019: $27,803,6732019Revenue 2020: $30,305,077Expenses 2020: $2,468,782Net Income 2020: $27,836,2952020Revenue 2021: $26,399,097Expenses 2021: $5,594,270Net Income 2021: $20,804,8272021Revenue 2022: $25,305,849Expenses 2022: $70,596,121Net Income 2022: -$45,290,2722022Revenue 2023: $78,403,388Expenses 2023: $12,531,647Net Income 2023: $65,871,7412023Revenue 2024: $94,918,940Expenses 2024: $14,289,952Net Income 2024: $80,628,9882024

Highlighted filing

2014

Revenue$1,525,259
Expenses$51,971
Net Income$1,473,288
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Sep 9, 2015
Return Version
2014v5.0
Gross Receipts
$1,525,259
Mission and Program Overview

Mission

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.

Balance Sheet Detail
LineBeginningEndChange
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 Categories

AssetBook ValueDepreciationBasis
Investment Program Related Org$75,381,002--
Other Assets Org$455,113--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Richard D George 23Chair/Pres/CEO/TreasFT$296,653$704,889$1,001,542
Nancy Seifert 3CFO/asst SecretaryFT$179,247$269,885$449,132
Rebecca St JohnDeputy General CounselFT$115,000$44,786$159,786
James ElvekrogDirector of Internal AuditFT$118,023$19,486$137,509
Dawn VogelDirector of Internal AuditFT$71,225$25,215$96,440
Alex J Pollock 1Director-$9,500$9,500$19,000
Janice Hesalroad 1Director-$6,333$12,667$19,000
Richard A Weiss 1Director-$6,333$12,667$19,000
Thomas J Boldt 1Director-$15,500-$15,500
Emerson L Brumback 1Director-$7,750$7,750$15,500
Joan Prince 1Director-$7,750$7,750$15,500
Linda Hoeschler 1Director-$7,750$7,750$15,500

Board Members and Trustees

NameTitle
David J Hanson 14Director/Secretary

Highest Paid Contractors

ContractorServicesLocationCompensation
Ernst Young US LLP 200 Plaza DrAudit/Tax Service-$130,930
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$1,525,259
Other Revenue
$0
Change in Net Assets
$1,473,288
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
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

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
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
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Great Lakes Educational Loan SvcsSubsidiary/officer ovrlapServices Agreement FeesNo$13,786,951
Great Lakes Educational Loan SvcsSubsidiary/officer ovrlapIntercompany Reimb. to GLELSINo$513,744

Loans and Receivables

Line ItemBeginningEndChange
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Compensation Plan Payable$455,113
Intercompany Payable$4,031
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Part VI, Question 11B

On an annual basis, the Chairman of the Board, President and CEO, the audit committee and board review the Form 990 prior to filing. The conflicts of interest questionnaires are completed by each Director and reviewed prior to filing the Form 990.

Part VI, Question 12C

Annually, Directors and Officers sign a conflict of interest document which discloses any conflicts. The signed documents are reviewed annually by the Chairman of the Board. If a disclosed conflict occurs, the individual abstains from discussion and voting on topics where a conflict of interest exists. All Directors, Officers and employees are subject to the Human Resources Code of Ethics to maintain the highest ethical and legal standards of business conduct.

Part VI, Questions 15A & 15B

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.

Part VII, Section A, Line 1A

(1) Directors normally attend 3-4 board meetings and 3-4 committee meetings per year in addition to telephonic conferences and individual meetings with officers. Directors devote an average of 1-3 hours per week to their position(s). (2) 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.

Filing and Contact Details

Filer

Filer Name
Great Lakes Higher Education Corporation
EIN
39-1090394
In Care Of
% MS NANCY SEIFERT
Phone
6082461744
Address
2401 International Lane, Suite, Madison, WI 53704

Signing Officer

Name
richard d george
Title
president & CEO
Signed
2015-09-09

Organization Details

Principal Officer
Richard D George
Formed
1967
Legal Domicile
Wi
Voting Board Members
9
Independent Board Members
8
Employees
34

Preparer

Firm
Ernst & Young US Llp
Address
111 MONUMENT CIRCLE SUITE 4000, INDIANAPOLIS, IN 46204
Preparer
Jennifer L Lynch
Phone
3176817000
Supplemental Narrative

Additional Explanations

Part XI, Line 9

$16,367,589 - change in investment in wholly owned subsidiary - great lakes educational loan services, inc.

Financial Statement Notes

Schedule D, Part IX

$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).

Raw XML AppendixShowing 400 of 663 raw XML fields

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/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt00
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt00
IRS990/AccountsReceivableGrp/BOYAmt00
IRS990/AccountsReceivableGrp/EOYAmt00
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0GREAT LAKES HIGHER EDUCATION CORPORATION OPERATES FOR THE SUPPORT AND BENEFIT OF GREAT LAKES HIGHER EDUCATION GUARANTY CORPORATION AND NORTHSTAR GUARANTEE INC.
IRS990/AdvertisingGrp/ProgramServicesAmt0912
IRS990/AdvertisingGrp/TotalAmt0912
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BackupWthldComplianceInd0true
IRS990/BenefitsToMembersGrp/TotalAmt00
IRS990/BooksInCareOfDetail/PersonNm0MS NANCY SEIFERT
IRS990/BooksInCareOfDetail/PhoneNum06082461410
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt02401 INTERNATIONAL LANE
IRS990/BooksInCareOfDetail/USAddress/CityNm0MADISON
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0WI
IRS990/BooksInCareOfDetail/USAddress/ZIPCd053704
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0true
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt01184
IRS990/CashNonInterestBearingGrp/EOYAmt0136492
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CntrctRcvdGreaterThan100KCnt01
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt01305033
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt0525930
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt01830963
IRS990/CompDisqualPersonsGrp/TotalAmt00
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0true
IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt010551
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt06986
IRS990/ConferencesMeetingsGrp/TotalAmt017537
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0true
IRS990/ContractorCompensationGrp/CompensationAmt0130930
IRS990/ContractorCompensationGrp/ContractorName/PersonNm0Ernst Young US LLP 200 Plaza Dr
IRS990/ContractorCompensationGrp/ServicesDesc0Audit/Tax Service
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt01525259
IRS990/CYOtherExpensesAmt0-3697125
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt01473288
IRS990/CYSalariesCompEmpBnftPaidAmt03749096
IRS990/CYTotalExpensesAmt051971
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt01525259
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DeferredRevenueGrp/BOYAmt00
IRS990/DeferredRevenueGrp/EOYAmt00
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/ProgramServicesAmt015721
IRS990/DepreciationDepletionGrp/TotalAmt015721
IRS990/Desc0GREAT 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/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt034
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/EscrowAccountLiabilityGrp/BOYAmt00
IRS990/EscrowAccountLiabilityGrp/EOYAmt00
IRS990/ExpenseAmt024000
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt0135862
IRS990/FeesForServicesAccountingGrp/TotalAmt0135862
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt023420
IRS990/FeesForServicesLegalGrp/TotalAmt023420
IRS990/FeesForServicesLobbyingGrp/TotalAmt00
IRS990/FeesForServicesManagementGrp/TotalAmt00
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt0650
IRS990/FeesForServicesOtherGrp/TotalAmt0650
IRS990/FeesForServicesProfFundraising/TotalAmt00
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt00
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignGrantsGrp/TotalAmt00
IRS990/ForeignOfficeInd0false
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt00.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt11.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt22.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt32.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt41.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt51.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt61.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt72.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt82.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt92.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt100.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt110.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt120.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt03.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt12.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt42.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt52.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt62.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt71.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt858.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt953.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1050.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1150.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1250.0
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt8102106
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt961273
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1018897
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1119486
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1225215
IRS990/Form990PartVIISectionAGrp/PersonNm0Thomas J Boldt 1
IRS990/Form990PartVIISectionAGrp/PersonNm1Emerson L Brumback 1
IRS990/Form990PartVIISectionAGrp/PersonNm2David J Hanson 14
IRS990/Form990PartVIISectionAGrp/PersonNm3Janice Hesalroad 1
IRS990/Form990PartVIISectionAGrp/PersonNm4Linda Hoeschler 1
IRS990/Form990PartVIISectionAGrp/PersonNm5Alex J Pollock 1
IRS990/Form990PartVIISectionAGrp/PersonNm6Joan Prince 1
IRS990/Form990PartVIISectionAGrp/PersonNm7Richard A Weiss 1
IRS990/Form990PartVIISectionAGrp/PersonNm8Richard D George 23
IRS990/Form990PartVIISectionAGrp/PersonNm9Nancy Seifert 3
IRS990/Form990PartVIISectionAGrp/PersonNm10Rebecca St John
IRS990/Form990PartVIISectionAGrp/PersonNm11James Elvekrog
IRS990/Form990PartVIISectionAGrp/PersonNm12Dawn Vogel
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt015500
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt17750
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt36333
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt47750
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt59500
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt67750
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt76333
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt8899436
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt9387859
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10140889
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt11118023
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt1271225
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt17750
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt312667
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt47750
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt59500
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt67750
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt712667
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/TitleTxt0Director
IRS990/Form990PartVIISectionAGrp/TitleTxt1Director
IRS990/Form990PartVIISectionAGrp/TitleTxt2Director/Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt3Director
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8Chair/Pres/CEO/Treas
IRS990/Form990PartVIISectionAGrp/TitleTxt9CFO/ASST SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt10Deputy General Counsel
IRS990/Form990PartVIISectionAGrp/TitleTxt11Director of Internal Audit
IRS990/Form990PartVIISectionAGrp/TitleTxt12Director of Internal Audit
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr01967
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt09
IRS990/GrantsPayableGrp/BOYAmt00
IRS990/GrantsPayableGrp/EOYAmt00
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt01525259
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt08
IRS990/IndivRcvdGreaterThan100KCnt04
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InsuranceGrp/TotalAmt00
IRS990/IntangibleAssetsGrp/BOYAmt00
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/TotalAmt00
IRS990/InventoriesForSaleOrUseGrp/BOYAmt00
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/ExclusionAmt01525259
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt01525259
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt08554366
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt05596069
IRS990/InvestmentsProgramRelatedGrp/BOYAmt059013413
IRS990/InvestmentsProgramRelatedGrp/EOYAmt075381002
IRS990/InvestmentsPubTradedSecGrp/BOYAmt0252817787
IRS990/InvestmentsPubTradedSecGrp/EOYAmt0118858444
IRS990/IRPDocumentCnt012
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipBasisNetGrp/BOYAmt00
IRS990/LegalDomicileStateCd0WI
IRS990/LoanOutstandingInd0false
IRS990/LoansFromOfficersDirectorsGrp/BOYAmt00
IRS990/LoansFromOfficersDirectorsGrp/EOYAmt00
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0GREAT 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/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt00
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt00
IRS990/NetAssetsOrFundBalancesBOYAmt0590984450
IRS990/NetAssetsOrFundBalancesEOYAmt0608467518
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-357809
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt016367
IRS990/OccupancyGrp/ProgramServicesAmt0242854
IRS990/OccupancyGrp/TotalAmt0259221
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt03934
IRS990/OfficeExpensesGrp/ProgramServicesAmt0112782
IRS990/OfficeExpensesGrp/TotalAmt0116716
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0119758109
IRS990/OtherAssetsTotalGrp/EOYAmt0119417555
IRS990/OtherChangesInNetAssetsAmt016367589
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt048348
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt089692
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0138040
IRS990/OtherExpensesGrp/Desc0SERVICE ARRANGEMENT FEES
IRS990/OtherExpensesGrp/Desc1DUES AND MEMBERSHIPS
IRS990/OtherExpensesGrp/Desc2CORP SUPP FUNCT ALLOCATION
IRS990/OtherExpensesGrp/Desc3MISCELLANEOUS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0-2464150
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt138
IRS990/OtherExpensesGrp/ProgramServicesAmt013786951
IRS990/OtherExpensesGrp/ProgramServicesAmt15704
IRS990/OtherExpensesGrp/ProgramServicesAmt2-15654604
IRS990/OtherExpensesGrp/ProgramServicesAmt3801
IRS990/OtherExpensesGrp/TotalAmt013786951
IRS990/OtherExpensesGrp/TotalAmt15704
IRS990/OtherExpensesGrp/TotalAmt2-18118754
IRS990/OtherExpensesGrp/TotalAmt3839
IRS990/OtherLiabilitiesGrp/BOYAmt0678111
IRS990/OtherLiabilitiesGrp/EOYAmt0459144
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0778675
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0740020
IRS990/OtherSalariesAndWagesGrp/TotalAmt01518695
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt046473
IRS990/PayrollTaxesGrp/ProgramServicesAmt053891
IRS990/PayrollTaxesGrp/TotalAmt0100364
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt073661
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt087373
IRS990/PensionPlanContributionsGrp/TotalAmt0161034
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt00
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0Richard D George
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt012266355
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0-3223699
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt012220184
IRS990/PYSalariesCompEmpBnftPaidAmt03269870
IRS990/PYTotalExpensesAmt046171
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt012266355
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt01473288
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0true
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0true
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0151517702
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0289537100
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd0true
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd0false
IRS990ScheduleA/MajorityDirTrstSupportedOrgInd0true
IRS990ScheduleA/SupportedOrganizationsCnt02
IRS990ScheduleA/SupportedOrganizationsTotalCnt02
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0391853833
IRS990ScheduleA/SupportedOrgInformationGrp/EIN1411689095
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd0true
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd1true
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeDesc009
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeDesc109
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt10
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt018073755
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt145000
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0GREAT LAKES HIGHER EDUCATION GUARANTY CORPORATION
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt1NORTHSTAR GUARANTEE INC
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType2Ind0X
IRS990ScheduleA/SupportSumAmt018118755
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt00
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt075381002
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0INVESTMENT GL ED LOAN SVCS
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0F
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0118419274
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1543168

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$3,555$5.95$3,549$94.9$14.3$80.6
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3,022$5.77$3,017$78.4$12.5$65.9
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$2,599$5.89$2,594$25.3$70.6$45.3
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2,782$3.74$2,778$26.4$5.59$20.8
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2,298$3.28$2,294$30.3$2.47$27.8
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2,133$0.03$2,133$29.9$2.06$27.8
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1,090$3.00$1,087$129$0.99$128
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$895$0.07$895$6.22$1.41$4.81
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$851$0.57$851$16.8$1.01$15.8
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$630$0.29$629$16.3$0.40$15.9
2014Detailed filing. Detailed filing data is available for this year.$609$0.46$608$1.53$0.05$1.47
2013XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$592$0.68$591$12.3$0.05$12.2
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$574$0.60$574$0.04
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$556$0.62$555$0.05
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2014 filings • 501(c)3 • $250M-$1B nonprofits