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New Mexico Student Loan Guarantee Corporation

New Mexico Student Loan Guarantee Corporation

Albuquerque, NM 871992230
Tax ID85-0291314

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By donating on this page you are making an irrevocable contribution to Daffy Charitable Fund, a 501(c)(3) public charity, and a subsequent donation recommendation to the charity listed above, subject to our Member Agreement. Contributions are generally eligible for a charitable tax-deduction and a yearly consolidated receipt will be provided by Daffy. Processing fees may be applied and will reduce the value available to send to the end charity. The recipient organizations have not provided permission for this listing and have not reviewed the content.
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About this organization

Revenue

$4,686,015

Expenses

$3,534,681

Website

nmslgc.org

Mission

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.

About

Student loan programs: Under the federal family educational loan program (FFELP) the guarantee corporation is required to collect on defaulted loans.

Interesting data from their 2020 990 filing

The non-profit's aim, as indicated in the filing, is “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.”.

When referring to its functions, they were specified as: “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.”.

  • The non-profit has reported their operating state as NM, as required by law.
  • The non-profit's form reports a total of 6 employees as of 2020.
  • Does not operate a hospital.
  • Does not operate a school.
  • Does not collect art.
  • Does not provide credit counseling.
  • Does not have foreign activities.
  • Is not a donor-advised fund.
  • Is not a private foundation.
  • Expenses are greater than $1,000,000.
  • Revenue is greater than $1,000,000.
  • Revenue less expenses is $1,151,334.
  • The CEO's salary policy within the organization is established through a review process by an impartial entity.
  • The organization has a written policy that describes how long it will retain documents.
  • The organization has 4 independent voting members.
  • The organization was formed in 1981.
  • The organization has a written policy that addresses conflicts of interest.
  • The organization is required to file Schedule J.
  • The organization is required to file Schedule O.
  • The organization engages in lobbying activities.
  • The organization pays $888,832 in salary, compensation, and benefits to its employees.
  • The organization pays $0 in fundraising expenses.
  • The organization provides Form 990 to its governing body.
  • The organization has minutes of its meetings.
  • The organization has a written whistleblower policy.
  • The organization's financial statements were reviewed by an accountant.