2025-07-22T17:07:33-04:00 2024-09-30 463916466 Jaramillo Accounting Group LLC 4700 Lincoln Road NE Albuquerque NM 87109 990 2023-10-01 850291314 NEW MEXICO STUDENT LOAN GUARANTEE CORPORATION NEWM PO BOX 92230 ALBUQUERQUE NM 871992230 TRACY ROWE TREASURER 5057612040 2025-07-22 true true SCOTT ELIASON P02372673 5053232035 2025-07-22 2023 2025-03-06 01:10:19Z BRAD ALLPASS 1565945 false X WWW.NMSLGC.ORG X 1981 NM NEW MEXICO STUDENT LOAN GUARANTEE CORPORATION IS AN ORGANIZATION PROVIDING QUALITY FINANCIAL SERVICES & CULTIVATING STRONG PROFESSIONAL RELATIONSHIPS TO ENCOURAGE & ASSIST IN THE PURSUIT OF HIGHER EDUCATION, THUS ENHANCING THE QUALITY OF LIFE & FUTURE SUCCESS OF OUR STAKEHOLDERS. 5 5 4 32265 31265 0 5402654 1172226 78362 393719 0 5481016 1565945 0 0 1029655 915866 0 0 4025760 1279463 5055415 2195329 425601 -629384 15216077 14819035 1025920 1042090 14190157 13776945 NEW MEXICO STUDENT LOAN GUARANTEE CORPORATION IS AN ORGANIZATION PROVIDING QUALITY FINANCIAL SERVICES & CULTIVATING STRONG PROFESSIONAL RELATIONSHIPS TO ENCOURAGE & ASSIST IN THE PURSUIT OF HIGHER EDUCATION, THUS ENHANCING THE QUALITY OF LIFE & FUTURE SUCCESS OF OUR STAKEHOLDERS. false false 807973 13745 STUDENT LOAN PROGRAMS: UNDER THE FEDERAL FAMILY EDUCATIONAL LOAN PROGRAM (FFELP)-THE GUARANTEE CORPORATION IS REQUIRED TO COLLECT ON DEFAULTED LOANS. 185327 STUDENT LOAN PROGRAMS: UNDER THE FEDERAL FAMILY EDUCATIONAL LOAN PROGRAM (FFELP) GUARANTOR PAYS LENDER CLAIMS ON DEFAULTED LOANS. 1158481 THE GUARANTEE CORPORATION RECEIVES REGULATORY FEES FOR PARTICIPATION IN THE FFELP PROGRAM. 993300 true false false true false false false false false false false true false false false false true false false false false false false false false false false false false true false false false false false false false false false false false false false true true true false false true 0 0 4 true true true false false false false false false false false false false false X 5 5 false false false false false false false true true false false true true true true true true true true false NM X X THE ORGANIZATION 5057612063 PO BOX 92230 ALBUQUERQUE NM 871992230 BRAD ALLPASS PRESIDENT 10.00 30.00 X 0 208476 23482 REGINALD STORMENT LEGAL COUNSEL 10.00 30.00 X 0 163605 28017 GRACE TACKMAN ASST VP OF HUMAN RESOURCES 10.00 30.00 X 0 146684 32923 ESTEVAN MARTINEZ ASST VP OF IT 10.00 30.00 X 0 141390 18873 TRACY ROWE TREASURER 10.00 30.00 X 0 116423 24444 RYAN TROSPER DIRECTOR 2.00 0.00 X 0 0 0 VAL ALONZO DIRECTOR 2.00 0.00 X 0 0 0 ALEXANDER HEUBECK DIRECTOR 2.00 0.00 X 0 0 0 ROBERT GABALDON DIRECTOR 2.00 0.00 X 0 0 0 BROCK DARNELL DIRECTOR 2.00 0.00 X 0 0 0 0 776578 127739 0 false true false AESPHEAA PO BOX 64849 Baltimore MD 21264 PROG SYS & MAINT 445360 1 RETAINED COLLECTIONS 522200 13745 13745 ACCOUNT MAINTENANCE 522200 94866 94866 DOED SAMF 522200 1063615 1063615 1172226 393719 32265 361454 1565945 1172226 32265 361454 236035 236035 508799 153504 355295 22590 2315 20275 112134 39546 72588 36308 14044 22264 1171 1171 48420 48420 92708 76457 16251 166815 166815 43650 37437 6213 266261 199695 66566 34244 24656 9588 27673 1464 26209 38144 38144 BUSINESS RECOVERY EXP 3946 3946 CAPITAL BUDGET EXP REIMB 109470 109470 EXP FR PAUSE ON COLLECTIONS 444182 444182 UBI TAXES 2779 2779 2195329 993300 1202029 0 3549827 4562765 160766 50075 679037 633257 55444 577644 9994851 8612280 776152 383014 15216077 14819035 1025920 1042090 1025920 1042090 X 13634736 13210550 555421 566395 14190157 13776945 15216077 14819035 -629384 216172 0 X X false true X true true true X 4259357 2905731 8807198 5399132 108611 21480029 4259357 2905731 8807198 5399132 108611 21480029 21480029 56651 37639 18544 43258 218239 374331 14094 11824 19765 34104 31265 111052 70745 49463 38309 77362 249504 485383 4330102 2955194 8845507 5476494 358115 21965412 0.97790 0.98820 0.02000 0.01000 X false false false false false false true 1846 false false 1846 false Activities to influence legislation (Part II-B, lines 1a - 1h) THE NEW MEXICO STUDENT LOAN GUARANTEE CORPORATION IS A MEMBER OF NCHER. NCHER REPRESENTS A NATIONWIDE NETWORK OF GUARANTY AGENCIES, SECONDARY MARKETS, LENDERS, LOAN SERVICERS, COLLECTION AGENCIES, SCHOOLS AND OTHER ORGANIZATIONS INVOLVED IN THE ADMINISTRATION AND SERVICING OF FEDERAL AND PRIVATE EDUCATION LOANS. NCHER REPRESENTS ITS MEMBERS ON PUBLIC POLICY INITIATIVES WITHIN THE LEGISLATIVE, EXECUTIVE AND REGULATORY BRANCHES OF THE FEDERAL GOVERNMENT AND BRINGS TOGETHER THE HIGHER EDUCATION COMMUNITY TO IMPROVE LEGISLATION AND REGULATIONS TO STRENGTHEN ALL FEDERAL STUDENT LOAN PROGRAMS THROUGH ITS ONGOING INVOLVEMENT, ON BEHALF OF ITS MEMBERS,WITH CONGRESS, THE DEPARTMENT OF EDUCATION, AND OTHER ASSOCIATIONS AND ORGANIZATIONS ENGAGED IN STUDENT LOAN FINANCING POLICY. BANK OF OKLAHOMA LONG TERM CD 1729964 C DATACOM INDUSTRIES 2947551 F OTHER INVESTMENTS 3934765 F 8612280 SBITANET ACCUMULATED AMORTIZATION 383014 383014 1782116 216171 216171 1565945 1565945 2195328 2195328 2195328 X X false false false false false false false false false BRAD ALLPASS PRESIDENT 208476 23482 231958 GRACE TACKMAN ASST VP OF HUMAN RESOURCES 146684 32923 179607 ESTEVAN MARTINEZ ASST VP OF IT 141390 18873 160263 REGINALD STORMENT LEGAL COUNSEL 163605 28017 191622 Form 990 governing body review Part VI line 11 AFTER THE INDEPENDENT ACCOUNTANTS HAVE PREPARED THE FORM 990 AND FORM 990-T, THEY ARE SENT TO THE ACCOUNTING DEPARTMENT OF NMSLGC WHERE THEY ARE REVIEWED. THE FORMS ARE THEN REVIEWED BY THE TREASURER. ALL CHANGES ARE THEN FORWARDED TO THE INDEPENDENT ACCOUNTANT. WHEN COMPLETED, THE FORMS ARE REVIEWED AGAIN AND THEN THE TREASURER SENDS A COPY TO THE MEMBERS OF THE GOVERNING BODY. AFTER ANY COMMENTS ARE REVIEWED AND FINAL CHANGES MADE, THE TREASURER WILL ALLOW THE INDEPENDENT ACCOUNTANT TO ELECTRONICALLY FILE THE FORM 990. Conflict of interest policy compliance Part VI line 12c TO GUARD AGAINST SITUATIONS INVOLVING A CONFLICT OF INTEREST, ALL DIRECTORS, OFFICERS, AND EMPLOYEES WILL RECEIVE A COPY OF NMEAF-NMSLGC CODE OF CONDUCT AND MUST COMPLETE AND SIGN AN ANNUAL DISCLOSURE STATEMENT IDENTIFYING HIS OR HER BUSINESS AND/OR PROPERTY AND FINANCIAL INTERESTS IN ANY ORGANIZATION THAT HAS OR IS INTERESTED IN HAVING ANY CONTRACT WITH NMSL. ADDITIONALLY, DIRECTORS, OFFICERS AND EMPLOYEES ARE PROHIBITED FROM USING HIS/HER OFFICIAL STATUS TO INTERFERE WITH A PUBLIC ELECTION, SOLICIT OR COERCE CONTRIBUTIONS FOR POLITICAL PURPOSES, OR USE ORGANIZATIONAL FUNDS FOR A POLITICAL CANDIDATE. AN EMPLOYEE WHO WISHES TO BECOME A CANDIDATE FOR PUBLIC OFFICE MUST HAVE BOARD APPROVAL. ANY CONFLICTS OF INTEREST FOR A DIRECTOR, OFFICER, EMPLOYEE, OR FAMILY MEMBERS THEREOF WITH REGARDS TO A FINANCIAL INTEREST OR BUSINESS DEALINGS (UNLESS WITH A DIVISION OF THE STATE OF NEW MEXICO) MUST BE DISCLOSED IN WRITING AND DISCUSSED AT BOARD MEETINGS. THESE DEALINGS ARE TO BE REFLECTED IN THE MINUTES. CEO executive director top management comp Part VI line 15a THE PRESIDENTS SALARY IS SET BY ANALYZING COMPETITORS SALARIES ANNUALLY. SURVEYS ARE CONDUCTED EACH YEAR TO ENSURE THAT THE PRESIDENTS SALARY IS REASONABLE. THE COMPENSATION IS ENUMERATED BY CONTRACT AND DISCUSSED BY THE BOARD IN EXECUTIVE SESSION. DELIBERATIONS ARE DOCUMENTED IN THE MINUTES AND SUPPORTED BY A PERFORMANCE EVALUATION. EMPLOYEES SALARIES ARE SET BY ANALYZING COMPETITORS SALARIES ANNUALLY. THE COMPENSATION IS ENUMERATED BY AN APPROVED SALARY STRUCTURE WITHIN SET RANGES. DELIBERATIONS ARE DOCUMENTED WITH A PERFORMANCE EVALUATION. RAISE POOLS AND TOTAL SALARIES EXPENSE ARE REVIEWED AND APPROVED BY THE BOARD. Other officer or key employee compensation Part VI line 15b EMPLOYEES SALARIES ARE SET BY ANALYZING COMPETITORS SALARIES ANNUALLY. THE COMPENSATION IS ENUMERATED BY AN APPROVED SALARY STRUCTURE WITHIN SET RANGES. DELIBERATIONS BY UPPER MANAGEMENT ARE DOCUMENTED WITH A PERFORMANCE EVALUATION. RAISE POOLS AND TOTAL SALARIES EXPENSE IS REVIEWED AND APPROVED BY THE BOARD. Governing documents etc available to public Part VI line 19 AUDITED FINANCIAL STATEMENTS ARE SENT TO DUN AND BRADSTREET AND ARE AVAILABLE THROUGH THAT WEBSITE. COPIES OF THE AUDITED FINANCIALS AND NOTES ARE AVAILABLE AT REQUEST. GOVERNING DOCUMENTS AND INTERNAL POLICIES ARE NOT MADE AVAILABLE TO THE PUBLIC AT THIS TIME. Part XII Response or note to any line in Part XII THERE HAS BEEN NO CHANGE IN THE PROCESS FOR OVERSIGHT OF THE AUDIT OR SELECTION OF AN INDEPENDENT AUDITOR. General explanation attachment FORM 990, PART III. LINE 1, DESCRIPTION OF ORGANIZATION MISSION:NEW MEXICO STUDENT LOAN GUARANTEE CORPORATION IS A LOAN GUARANTEE ORGANIZATION PROVIDING QUALITY FINANCIAL SERVICES AND CULTIVATING STRONG, PROFESSIONAL RELATIONSHIPS TO ENCOURAGE AND ASSIST IN THE PURSUIT OF HIGHER EDUCATION, THUS ENHANCING THE QUALITY OF LIFE AND FUTURE SUCCESS OF OUR STAKEHOLDERS. FORM 990, PART VI. SECTION B, LINES 15A AND B FORM W-2, BOX 5 DOES NOT INCLUDE EMPLOYEE DEDUCTIONS WHICH WERE REMOVED PRE-TAX. THE AMOUNT REPORTED ON FORM 990, PART VII AND SCHEDULE J INCLUDE THESE EMPLOYEE DEDUCTIONS. FORM 990, PART. VII COMPENSATION OF OFFICERS, DIRECTORS, TRUSTEES, KEY EMPLOYEES, HIGHEST COMPENSATED EMPLOYEES, AND INDEPENDENT CONTRACTORSOFFICERS SPEND AN ESTIMATED AVERAGE OF 10 HOURS A WEEK DEVOTED TO NMSLGC FOR WHICH COMPENSATION WAS REPORTED IN PART VII, COLUMNS (E) AND (F). OFFICERS ARE COMPENSATED BY THE NEW MEXICO EDUCATIONAL ASSISTANCE FOUNDATION (NMEAF). NMSLGC HAS A SERVICE AGREEMENT WITH NMEAF, WHICH INCLUDES REIMBURSEMENT FOR THESE AMOUNTS AND OTHER COSTS. NM EDUCATIONAL ASSISTANCE FUND 7400 TIBURON NE ALBUQUERQUE NM 87109 850291313 FFELP STUDENT LOAN LENDER NM 501C3 10 N/A true DATACOM INDUSTRIES INC 7400 TIBURION NE ALBUQUERQUE NM 87109 REAL ESTATE NM NMSLGC C Corp 137022 2947551 1.00000 true false false true false false false false false false true false true false false true false false false NMEAF k 143715 LEASE AGREEMENT NMEAF m 1103224 CONTRACT NMEAF p 116995 EXPENSE REIMBURSEMENT DATACOM INDUSTRIES INC d 633252 LOC AT YEAR END