EIN 41-1961427

NorthStar Education Services

IRS 501(c) type
501(c)(3)
Num. employees
0
City
Year formed
2000
Most recent tax filings
2022-09-01
Description
NorthStar Education Services' mission is to help schools, nonprofits, lenders, servicers, and other organizations better serve their students in higher education.
Also known as...
Northstar Education Finance
Total revenues
$40,177,777
2022
Total expenses
$46,030,875
2022
Total assets
$1,293,468,719
2022
Num. employees
0
2022

Program areas at NorthStar Education Services

Manage portfolio of outstanding federal family Education loan program (approx. 94%) and private (approx. 6%) student loans with outstanding balances totaling approx. $1.1 billion as of 9/30/2022. To the best of the knowledge and belief of the organization's officers, the benefits and interest rates that it has provided to student borrowers are substantially more favorable to student borrowers than the benefits and interest rates provided by for-profit lenders. During fiscal years 2022 and 2021, respectively, the organization made t.h.e. Repayment bonus distributions (interest rebates which are processed as credits to eligible borrower accounts) of approximately $4.2 million and $5.6 million, respectively.
Provide grants to other organizations to enhance post-secondary Education opportunities for Minnesota students by relieving some of their financial burden through scholarships and/or assistance with their post-secondary readiness preparation.

Grants made by NorthStar Education Services

GranteeGrant descriptionAmount
Wallin Education PartnersTo Provide Scholarships To Students and Support Wallin's Existing Scholar Support Services That Benefits All Scholars.$3,110,875
College PossibleTo Provide After-School Programming for High-School Students To Better Prepare Them for Admission To College. Additionally, Provide Coaches To College Students Using A Structured Curriculum Focused on the Academic, Financial and Cultural Barriers That Have Been Identified As Barriers To College Success for Low-Income Students, With the Goal of Helping Them Succeed and Graduate From College.$1,256,667
Cristo Rey Jesuit High SchoolTo Support the Organization's College Success Program, Which Combines College Counseling With Post-Graduation Support, Serving As A Key Resource for Students To Understand Opportunities Available To Them After Graduation From High School.$220,600
...and 1 more grant made

Personnel at NorthStar Education Services

NameTitleCompensation
Charles M OsborneChief Financial Officer$97,066
Kate SeifertVice President of Finance
Richard NigonPresident - Outgoing / President and Chief Executive Officer$18,000
Taige P. ThorntonPresident and Chief Executive Officer$50,000
Clyde NelsonTreasurer$28,000
...and 3 more key personnel

Financials for NorthStar Education Services

RevenuesFYE 09/2022
Total grants, contributions, etc.$0
Program services$39,682,064
Investment income and dividends$495,713
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$40,177,777

Form 990s for NorthStar Education Services

Fiscal year endingDate received by IRSFormPDF link
2020-092021-04-13990View PDF
2019-092020-09-10990View PDF
2018-092019-05-14990View PDF
2017-092018-04-10990View PDF
2016-092017-07-31990View PDF
...and 7 more Form 990s
Data update history
May 10, 2023
Used new vendors
Identified 2 new vendors, including , and
August 21, 2021
Posted financials
Added Form 990 for fiscal year 2019
June 25, 2021
Posted financials
Added Form 990 for fiscal year 2020
June 23, 2021
Updated personnel
Identified 1 new personnel
June 18, 2021
Used new vendors
Identified 1 new vendor, including
Nonprofit Types
Credit unionsCharities
Issues
Education
Characteristics
Tax deductible donationsNo full-time employees
General information
Address
930 Blue Gentian Rd 100
Eagan, MN 55121
Metro area
Minneapolis-St. Paul-Bloomington, MN-WI
Website URL
northstar.org/ 
Phone
(866) 315-9113
IRS details
EIN
41-1961427
Fiscal year end
September
Taxreturn type
Form 990
Year formed
2000
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
W60: Financial Institutions, Credit Unions
NAICS code, primary
522120: Savings Institutions
Parent/child status
Independent
Free account sign-up

Want updates when NorthStar Education Services has new information, or want to find more organizations like NorthStar Education Services?

Create free Cause IQ account