NonprofitsNew Mexico Student Loan Guarantee Corporation

New Mexico Student Loan Guarantee Corporation

ALBUQUERQUE, NM

Total revenue

$1.6M

Total expenses

$2.2M

Net assets

$13.8M

Grants received

EIN

850291314

Tax year

2023

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.

Programs

2 programs

Student loan programs: under the federal family educational loan program (ffelp) guarantor pays lender claims on defaulted loans.

Expenses: $185K

The guarantee corporation receives regulatory fees for participation in the ffelp program.

Financials

FY 2023

Revenue

Contributions & grants
Program service revenue$1.2M
Investment income$394K
Other revenue
Total revenue$1.6M

Expenses

Grants paid
Salaries & benefits$916K
Fundraising
Other expenses$1.3M
Total expenses$2.2M
Total assets$14.8M
Net assets$13.8M

People

10 listed

NameRoleCompensation

BRAD ALLPASS

PRESIDENT

Board

10 hrs/wk

GRACE TACKMAN

ASST VP OF HUMAN RESOURCES

Board

10 hrs/wk

ESTEVAN MARTINEZ

ASST VP OF IT

Board

10 hrs/wk

TRACY ROWE

TREASURER

Board

10 hrs/wk

RYAN TROSPER

DIRECTOR

Board

2 hrs/wk

VAL ALONZO

DIRECTOR

Board

2 hrs/wk

ALEXANDER HEUBECK

DIRECTOR

Board

2 hrs/wk

ROBERT GABALDON

DIRECTOR

Board

2 hrs/wk

BROCK DARNELL

DIRECTOR

Board

2 hrs/wk

REGINALD STORMENT

LEGAL COUNSEL

Staff

10 hrs/wk

Independent contractors

AESPHEAA

PROG SYS & MAINT

$445K

Details

EIN850291314
Subsection03
Ruling date1984-02
Formed1981
Employees4
NEW MEXICO STUDENT LOAN GUARANTEE CORPORATION — Mission, Financials & Grants Received | Grantivo