NonprofitsNorthstar Education Finance Inc

Education

Northstar Education Finance Inc

EDEN PRAIRIE, MN

Total revenue

$68.1M

Total expenses

$67.0M

Net assets

$159.5M

Grants received

EIN

411961427

Tax year

2023

Mission

To foster, aid, encourage and assist the pursuit of higher education.

Programs

1 program

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.

Expenses: $4.3MGrants: $4.3M

Financials

FY 2023

Revenue

Contributions & grants
Program service revenue$63.0M
Investment income$5.1M
Other revenue
Total revenue$68.1M

Expenses

Grants paid$4.3M
Salaries & benefits$371K
Fundraising
Other expenses$62.3M
Total expenses$67.0M
Total assets$825.6M
Net assets$159.5M

People

11 listed

NameRoleCompensation

TAIGE THORNTON

PRESIDENT

Board

$100K

15 hrs/wk

CHARLES OSBORNE

CHIEF FINANCIAL OFFICER & TREASURER

Board

$89K

15 hrs/wk

JOHN EMERICK

CHAIR

Board

$38K

1 hrs/wk

CLYDE NELSON

DIRECTOR

Board

$28K

1 hrs/wk

MARY ROTHCHILD

BOARD MEMBER

Board

$28K

1 hrs/wk

RICHARD HARRIS

DIRECTOR

Board

$28K

1 hrs/wk

ELIZABETH ANNE CARRIER DORAN

DIRECTOR (RETIRED) 12/2023

Board

$19K

1 hrs/wk

RICHARD NIGON

DIRECTOR

Board

$18K

1 hrs/wk

DAVID REILING

DIRECTOR

Board

$16K

1 hrs/wk

SARAH DUNIWAY

SECRETARY

Board

1 hrs/wk

GREG LARSON

SECRETARY

Board

1 hrs/wk

Independent contractors

NELNET INC

MANAGEMENT & ADMIN SERVICES

$2.3M

NELNET SERVICING LLC

STUDENT LOAN SERVICING

$665K

WINDHAM PROFESSIONALS INC

PRIVATE LOAN COLLECTION SERVICES

$290K

RBC CAPITAL MARKETS LLC

BROKER/DEALER FEES

$254K

BAKER TILLY US LLP

AUDIT, TAX & PROFESSIONAL SERVICES

$115K

Details

EIN411961427
NTEE codeB822
Subsection03
Ruling date2003-03
Formed2000
Employees0
Volunteers0
NORTHSTAR EDUCATION FINANCE INC — Mission, Financials & Grants Received | Grantivo