EIN 41-1961427

NorthStar Education Services

IRS 501(c) type
501(c)(3)
Num. employees
0
Year formed
2000
Most recent tax filings
2023-09-01
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
$72,587,293
2023
Total expenses
$74,896,134
2023
Total assets
$1,017,887,615
2023
Num. employees
0
2023

Program areas at NorthStar Education Services

Manage portfolio of outstanding ffelp (approx. 94%) and private (approx. 6%) student loans with outstanding balances totaling approx. $901 million as of 9/30/2023. 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 2023 and 2022, respectively, the organization made t.h.e. Repayment bonus distributions (interest rebates which are processed as credits to eligible borrower accounts) of approximately $181 thousand and $4.2 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.$3,197,142
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.$1,053,333
Page Education FoundationTo Support the Organization's Scholarship Program, Which Provides Scholarships Targeted at Students From Underserved Communities, Combining Mentoring and Community Service With Its Scholarship Program To Support and Encourage Its Students.$220,600
...and 1 more grant made

Personnel at NorthStar Education Services

NameTitleCompensation
Charles M OsborneChief Financial Officer and Treasurer$86,159
Kate SeifertVice President of Finance
Richard NigonDirector$19,000
Sarah DuniwaySecretary$0
Taige ThorntonPresident$100,000
...and 2 more key personnel

Financials for NorthStar Education Services

RevenuesFYE 09/2023
Total grants, contributions, etc.$0
Program services$69,156,471
Investment income and dividends$3,430,822
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$72,587,293

Form 990s for NorthStar Education Services

Fiscal year endingDate received by IRSFormPDF link
2023-092024-03-01990View PDF
2022-092023-02-28990View PDF
2021-092022-02-21990View PDF
2020-092021-04-13990View PDF
2019-092020-09-10990View PDF
...and 10 more Form 990s
Data update history
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
June 17, 2023
Posted financials
Added Form 990 for fiscal year 2022
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
Nonprofit Types
Credit unionsCharities
Issues
Education
Characteristics
Tax deductible donationsNo full-time employees
General information
Address
9855 W 78th St 012
Eden Prairie, MN 55344
Metro area
Minneapolis-St. Paul-Bloomington, MN-WI
County
Hennepin County, MN
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
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