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EIN 85-0291314

New Mexico Student Loans

IRS 501(c) type
501(c)(3)
Num. employees
5
City
Albuquerque
State
New Mexico
Year formed
1981
Most recent tax filings
2022-09-01
NTEE code, primary
B82: Scholarships, Student Financial Aid Services
Description
New Mexico Student Loans aims to provide quality financial services and build professional relationships to encourage and assist in higher education, enhancing the quality of life and future success. The organization is under the federal family educational Loan program (ffelp) and collects on defaulted loans while also paying lender claims on such loans.
Also known as...
New Mexico Student Loan Guarantee Corporation
Total revenues
$8,869,305
2022
Total expenses
$6,949,884
2022
Total assets
$13,741,914
2022
Num. employees
5
2022

Program areas at New Mexico Student Loans

Student Loan programs: under the federal family educational Loan program (ffelp) the Guarantee Corporation is required to collect on defaulted loans.
The Guarantee Corporation receives regulatory fees for participation in the ffelp program.
Student Loan programs: under the federal family educational Loan program (ffelp) guarantor pays lender claims on defaulted loans.

Personnel at New Mexico Student Loans

NameTitleCompensation
Brad AllpassPresident and Chief Executive Officer$0
Reginald StormentGeneral Counsel$0
Grace TackmanAssistant Vice President , Human Resources$0
Estevan MartinezAssistant Vice President, Information Technology$0
Tracy RoweTreasurer$0
...and 5 more key personnel

Financials for New Mexico Student Loans

RevenuesFYE 09/2022
Total grants, contributions, etc.$0
Program services$8,829,996
Investment income and dividends$39,309
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$8,869,305

Form 990s for New Mexico Student Loans

Fiscal year endingDate received by IRSFormPDF link
2022-092023-08-01990View PDF
2021-092022-08-05990View PDF
2020-092021-07-21990View PDF
2019-092020-10-22990View PDF
2018-092019-10-12990View PDF
...and 9 more Form 990s
Data update history
December 20, 2023
Updated personnel
Identified 3 new personnel
September 23, 2023
Posted financials
Added Form 990 for fiscal year 2022
September 23, 2023
Used new vendors
Identified 1 new vendor, including
July 18, 2023
Posted financials
Added Form 990 for fiscal year 2021
May 8, 2023
Updated personnel
Identified 3 new personnel
Nonprofit Types
SchoolsHeadquarter / parent organizationsCharities
Issues
Education
Characteristics
Political advocacyLobbyingState / local levelReceives government fundingTax deductible donations
General information
Address
PO Box 92230
Albuquerque, NM 87199
Metro area
Albuquerque, NM
County
Bernalillo County, NM
Website URL
nmslgc.org/ 
Phone
(505) 761-2040
IRS details
EIN
85-0291314
Fiscal year end
September
Taxreturn type
Form 990
Year formed
1981
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
B82: Scholarships, Student Financial Aid Services
NAICS code, primary
522120: Savings Institutions
Parent/child status
Central organization
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