EIN 91-1068278

Northwest Education Loan Association (NELA)

IRS 501(c) type
501(c)(3)
Num. employees
0
Year formed
1978
Most recent tax filings
2018-12-01
Notice
This nonprofit is terminated or no longer active
NELA may be no longer active or terminated. Either the organization hasn't filed a Form 990 in many years and appears to no longer be active, or they marked in their most recent Form 990 that they have closed down.
Description
Nela's mission is to enhance post-secondary Education preparedness, access and success by providing and supporting financial and other valued services. And supporting financial and other valued services. Nela's mission is to enhance postsecondary Education preparedness, access and success by providing and supporting financial and other valued services.
Related structure
NELA is a subordinate organization under Ascendium Education Group.
Total revenues
$13,172,642
2018
Total expenses
$10,071,366
2018
Total assets
$0
2018
Num. employees
0
2018

Program areas at NELA

NELA guarantees student loans and provides a full-range of services. One aspect of the full-range guaranty services is to provide collection assistance to lenders for delinquent loans. This includes contacting the borrower to attempt to restore the loan to a current status through various options. This contact also involves educating and/or counseling borrowers. In addition, NELA provides direct support of personal financial management education, financial aid awareness and college access initiatives, and guidance and counsel on consolidation loans and loan rehabilitation under the Federal Higher Education Act of 1965, as amended.

Grants made by NELA

GranteeGrant descriptionAmount
Strada Education NetworkOperational Grant$3,046,567

Who funds Northwest Education Loan Association (NELA)

Federal funding details
Federal agencyProgram nameAmount
Department of EducationFEDERAL FAMILY EDUCATION LOANS (GUARANTY AGENCIES)$43,470,597

Personnel at NELA

NameTitleCompensation
Richard GeorgePresident and Chief Executive Officer$0
Rebecca RappGen CNSL and Asst Secretary$0
Jacqueline FairbairnVice President - Policy and Regl Compliance$0
Beth EricksonVice President - Repayment Solutions$0
Jeffery CrosbyChief Operating Officer$0
...and 8 more key personnel

Financials for NELA

RevenuesFYE 12/2018
Total grants, contributions, etc.$0
Program services$13,127,403
Investment income and dividends$45,179
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$60
Total revenues$13,172,642

Form 990s for NELA

Fiscal year endingDate received by IRSFormPDF link
2018-122019-10-31990View PDF
2017-122019-02-21990View PDF
2016-122017-12-08990View PDF
2016-092017-08-17990View PDF
2015-092016-12-19990View PDF
...and 6 more Form 990s
Data update history
October 2, 2020
Posted financials
Added Form 990 for fiscal year 2017
March 30, 2020
Updated personnel
Identified 2 new personnel
March 28, 2020
Posted financials
Added Form 990 for fiscal year 2018
February 27, 2019
Updated personnel
Identified 4 new personnel
December 8, 2017
Posted financials
Added Form 990 for fiscal year 2016
Nonprofit Types
Credit unionsChapter / child organizations
Issues
No issues found
Characteristics
Partially liquidatedNational levelReceives government fundingNo full-time employeesTerminated
General information
Address
2501 International LN
Madison, WI 53704
Metro area
Madison, WI
County
Dane County, WI
Website URL
ascendiumeducation.org/ 
IRS details
EIN
91-1068278
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1978
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
W60: Financial Institutions, Credit Unions
NAICS code, primary
522120: Savings Institutions
Parent/child status
Subordinate organization
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