Overview
What is Nebraska Student Loan Program Inc?
Nebraska Student Loan Program Inc, based in Lincoln, Nebraska, serves as a guarantee agency under the Federal Family Education Loan Program (FFELP), as approved by the Department of Education. With a mission to be a definitive voice in higher education and student success, the organization assists students and higher education institutions in facilitating financial aid. Their team of six dedicated individuals is poised to enlighten, guide, and support higher education and its stakeholders in their mission. As a leading player in the educational financing sector, Nebraska Student Loan Program Inc is committed to helping students and institutions navigate the complexities of financial aid.
Official website here: www.nslp.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 96% - Four-Star out of Four Star rating
The Nebraska Student Loan Program Inc has achieved an impressive score of 96%, reflecting a strong commitment to accountability and financial management. This high rating is primarily based on their exemplary performance in the Accountability & Finance category, signaling to donors and stakeholders that the organization operates efficiently and transparently.
Strengths of the organization include its fully independent board, with 85% of members being independent, which enhances governance integrity. The charity also demonstrates robust oversight practices, such as having a whistleblower policy and regular audits, which contribute to trustworthiness. Furthermore, a significant portion of its expenses is allocated to programs, with a program expense ratio of 84.05%, indicating a focus on mission-driven impact.
While the data presented does not highlight any specific limitations, the overall strong ratings suggest that the Nebraska Student Loan Program Inc is effectively managing its resources and fulfilling its mission to support students. This level of accountability is likely to inspire confidence among potential donors and beneficiaries alike.
This AI summary has been generated from information found on Charity Navigator.
Is Nebraska Student Loan Program Inc legitimate?
Nebraska Student Loan Program Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Nebraska Student Loan Program Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $2,025,363
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.nslp.org
What is the mission statement of Nebraska Student Loan Program Inc?
The Nebraska Student Loan Program Inc is committed to being a guiding force in higher education and student success. acting as a definitive voice to enlighten and support both higher education institutions and their stakeholders in their respective missions. Serving as a guarantee agency under the Federal Family Education Loan Program (FFELP), the organization helps facilitate financial aid for students. The Nebraska Student Loan Program Inc is dedicated to its role in the higher education landscape, aiming to make a positive impact on students and educational institutions alike.
Official website here: www.nslp.org
Who is the CEO of Nebraska Student Loan Program Inc?
Randall Heesacker is the Principal Officer of Nebraska Student Loan Program Inc. The CEO's salary of Nebraska Student Loan Program Inc is $447,799 and their total compensation is $503,747.
Official website here: www.nslp.org
What is the revenue of Nebraska Student Loan Program Inc?
Nebraska Student Loan Program Inc's revenue in 2022 was $45,453,979.
Official website here: www.nslp.org
Who are the executives of Nebraska Student Loan Program Inc and what are their salaries?
The average compensation at Nebraska Student Loan Program Inc during 2022 was $337,560. There are 6 employees at Nebraska Student Loan Program Inc.
Here are 17 key members and their salaries (Nebraska Student Loan Program Inc's CEO's salary is $447,799 and their total compensation is $503,747):
- Compensation: $447,799
- Related: $0
- Other: $55,948
- Compensation: $272,250
- Related: $0
- Other: $56,614
- Compensation: $262,584
- Related: $0
- Other: $38,016
- Compensation: $226,101
- Related: $0
- Other: $40,181
- Compensation: $207,739
- Related: $0
- Other: $49,226
- Compensation: $198,098
- Related: $0
- Other: $47,281
- Compensation: $0
- Related: $138,675
- Other: $42,311
- Compensation: $0
- Related: $131,315
- Other: $19,639
- Compensation: $0
- Related: $126,295
- Other: $33,637
- Compensation: $0
- Related: $109,986
- Other: $31,063
- Compensation: $0
- Related: $104,574
- Other: $37,652
- Compensation: $36,550
- Related: $0
- Other: $0
- Compensation: $20,750
- Related: $0
- Other: $0
- Compensation: $13,250
- Related: $0
- Other: $0
- Compensation: $13,000
- Related: $0
- Other: $0
- Compensation: $11,750
- Related: $0
- Other: $0
- Compensation: $10,750
- Related: $0
- Other: $0
Official website here: www.nslp.org
Where can I find the form 990 for Nebraska Student Loan Program Inc?
Nebraska Student Loan Program Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.nslp.org
Learn more at the official website: www.nslp.org
Mission Statement of Nebraska Student Loan Program Inc
Nebraska Student Loan Program Inc, with its mission to be a definitive voice in higher education and student success, enlightens, guides, and supports higher education institutions and their stakeholders in achieving their missions. As a guarantee agency under the Federal Family Education Loan Program (FFELP), approved by the Department of Education, NSLP plays a vital role in facilitating financial aid for students.
In essence, NSLP empowers higher education by providing valuable assistance to students in navigating the complex financial aid landscape. By working closely with educational institutions, NSLP ensures that students have access to the necessary resources to pursue their academic goals. The organization's commitment to student success is unwavering, and its role as a trusted partner in the higher education community is essential.
Nebraska Student Loan Program Inc's mission extends beyond just administering student loans. The organization's primary focus is on enabling students to achieve their educational aspirations, thereby contributing to the overall growth and development of society. Through its dedication and expertise, NSLP creates opportunities for students to overcome financial barriers and make the most of their higher education experience.
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Impact
October, 2024
Nebraska Student Loan Program Inc (NSLP) plays a critical role in enhancing higher education accessibility and student success in the state. By serving as a guarantee agency under the Federal Family Education Loan Program (FFELP), NSLP fosters an environment where financial barriers are reduced, allowing more students to pursue their educational goals.
The organization provides essential guidance and support to students and higher education institutions, helping to facilitate financial aid and navigate the complexities of funding education. In doing so, NSLP ensures that stakeholders, including students, families, and educational institutions, have access to the resources and information they need to navigate the financial aspects of higher education.
Through its mission to be a definitive voice in higher education, NSLP not only supports individual students but also contributes to the overall strength and stability of the educational landscape in Nebraska. By enlightening and guiding various stakeholders, NSLP promotes a culture of success that empowers students to achieve their academic and career objectives.
This information is meant to be a general summary of Nebraska Student Loan Program Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $5,764,455
- Program Service Revenue: $39,689,524
- Gross Receipts: $64,299,524
Assets and Liabilities:
- Total Assets: $230,624,169
- Total Liabilities: $7,875,094
- Net Assets: $222,749,075
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RECOVERY REVENUE
Revenue
$36,651,048
OTHER INCOME
Revenue
$1,494,819
ACCT MAINTENANCE FEE
Revenue
$1,319,692
DAF REBATE PROVISION
Revenue
$223,965
Organization Details
Founding Year
1986
Phone
(402) 479-6623Principal Officer
Randall Heesacker
Main Address
PO BOX 82507, LINCOLN, NE, 68501
Website
www.nslp.orgNTEE Category
Code: B820 - Education
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