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Northstar Education Finance Inc

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Educational Institutions and Related Activities / Scholarships, Student Financial Aid Services, Awards (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$72.6M (2023)

Expenses
$74.9M (2023)

Total Assets
$1.02B (2023)

Total Liabilities
$859M (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Sept.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$72,587,293
Expenses
$74,896,134
Net Income
-$2,308,841
Net Assets
$158,930,068
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $69,156,471
95.3%
Investment Income $3,430,822
4.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $372,669
0.5%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,017,887,615
Total Liabilities $858,957,547
Net Assets $158,930,068
Compensation
Key Employees and Officers Compensation Related Other
Taige Thornton (President) $100,000 $0 $0
Charles Osborne (Chief Financial Officer & Treasurer) $86,159 $0 $0
John Emerick (Board Chair) $37,500 $0 $0
Clyde Nelson (Director) $27,500 $0 $0
Richard Harris (Director) $27,500 $0 $0
Mary Rothchild (Director) $27,500 $0 $0
Tim Penny (Director) $20,500 $0 $0
Elizabeth Anne Carrier Doran (Director) $19,000 $0 $0
Richard Nigon (Director) $19,000 $0 $0
David Reiling (Director) $17,000 $0 $0
Sarah Duniway (Secretary) $0 $0 $0

Document Links

Fiscal Year Ending Sept.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$40,177,777
Expenses
$46,030,875
Net Income
-$5,853,098
Net Assets
$161,238,909
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $39,682,064
98.8%
Investment Income $495,713
1.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $381,128
0.8%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,293,468,719
Total Liabilities $1,132,229,810
Net Assets $161,238,909
Compensation
Key Employees and Officers Compensation Related Other
Charles Osborne (Chief Financial Officer & Treasurer) $87,982 $0 $0
Taige Thornton (President) $87,500 $0 $0
John Emerick (Board Chair) $34,625 $0 $0
Clyde Nelson (Director) $27,125 $0 $0
Richard Harris (Director) $26,625 $0 $0
Mary Rothchild (Director) $26,625 $0 $0
Tim Penny (Director) $21,875 $0 $0
Elizabeth Anne Carrier Doran (Director) $19,625 $0 $0
David Reiling (Director) $18,625 $0 $0
Richard Nigon (Director) $16,625 $0 $0
Sarah Duniway (Secretary) $0 $0 $0

Document Links

Fiscal Year Ending Sept.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$37,569,277
Expenses
$40,312,776
Net Income
-$2,743,499
Net Assets
$167,092,007
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $37,214,145
99.1%
Investment Income $355,132
0.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $349,702
0.9%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,589,111,391
Total Liabilities $1,422,019,384
Net Assets $167,092,007
Compensation
Key Employees and Officers Compensation Related Other
Charles Osborne (Chief Financial Officer) $97,066 $0 $0
Taige Thornton (President) $50,000 $0 $0
Clyde Nelson (Treasurer) $28,000 $0 $0
Anita Pampusch (Board Chair Outgoing) $28,000 $0 $0
John Emerick (Board Chair) $18,000 $0 $0
David Reiling (Board Member) $18,000 $0 $0
Richard Nigon (Board Member) $18,000 $0 $0
Mary Rothchild (Director) $18,000 $0 $0
Tim Penny (Board Member) $17,000 $0 $0
Elizabeth Anne Carrier Doran (Board Member) $17,000 $0 $0
Richard Harris (Board Member) $17,000 $0 $0
Sarah Duniway (Secretary) $0 $0 $0

Document Links

Fiscal Year Ending Sept.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$62,829,137
Expenses
$61,619,712
Net Income
$1,209,425
Net Assets
$169,835,506
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $61,828,549
98.4%
Investment Income $1,000,588
1.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $332,873
0.5%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,832,708,530
Total Liabilities $1,662,873,024
Net Assets $169,835,506
Compensation
Key Employees and Officers Compensation Related Other
Charles Osborne (Chief Financial Officer) $95,512 $0 $0
Taige Thornton (President) $50,000 $0 $0
Clyde Nelson (Treasurer) $29,000 $0 $0
Anita Pampusch (Board Chair) $27,500 $0 $0
Tim Penny (Board Member) $19,000 $0 $0
Elizabeth Anne Carrier Doran (Board Member) $18,000 $0 $0
Richard Harris (Board Member) $17,000 $0 $0
David Reiling (Board Member) $15,000 $0 $0
Mary Rothchild (Director) $13,000 $0 $0
John Emerick (Director) $7,000 $0 $0
Richard Nigon (Board Member) $5,000 $0 $0
Sarah Duniway (Secretary) $0 $0 $0

Document Links

Fiscal Year Ending Sept.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$92,237,647
Expenses
$96,882,154
Net Income
-$4,644,507
Net Assets
$168,626,081
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $90,443,751
98.1%
Investment Income $1,793,896
1.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $290,439
0.3%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $2,126,920,671
Total Liabilities $1,958,294,590
Net Assets $168,626,081
Compensation
Key Employees and Officers Compensation Related Other
Charles Osborne (Chief Financial Officer) $94,616 $0 $0
Taige Thornton (President) $35,000 $0 $0
Richard Nigon (President Outgoing) $34,000 $0 $0
Anita Pampusch (Board Chair) $29,000 $0 $0
Clyde Nelson (Treasurer) $24,200 $0 $0
Elizabeth Anne Carrier Doran (Board Member) $18,000 $0 $0
Richard Harris (Board Member) $18,000 $0 $0
Jayne Baccus Khalifa (Board Member Outgoing) $18,000 $0 $0
Tim Penny (Board Member) $18,000 $0 $0
David Reiling (Board Member) $0 $0 $0
Mary Rothchild (Board Member) $0 $0 $0
Sarah Duniway (Secretary) $0 $0 $0

Document Links

Fiscal Year Ending Sept.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$82,834,795
Expenses
$89,169,131
Net Income
-$6,334,336
Net Assets
$173,270,588
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $81,354,929
98.2%
Investment Income $1,479,866
1.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $286,141
0.3%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $2,465,068,153
Total Liabilities $2,291,797,565
Net Assets $173,270,588
Compensation
Key Employees and Officers Compensation Related Other
Charles Osborne (Chief Financial Officer) $87,271 $0 $0
Richard Nigon (President) $50,000 $0 $0
Anita Pampusch (Board Chair) $29,000 $0 $0
Tim Penny (Board Member) $22,000 $0 $0
Clyde Nelson (Treasurer) $20,400 $0 $0
Jayne Baccus Khalifa (Board Member) $18,000 $0 $0
Richard Harris (Board Member) $0 $0 $0
Libby Doran (Board Member) $0 $0 $0
Taige Thornton (Board Member) $0 $0 $0
Sarah Duniway (Secretary) $0 $0 $0

Document Links

Fiscal Year Ending Sept.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$82,046,446
Expenses
$84,424,364
Net Income
-$2,377,918
Net Assets
$179,604,924
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $78,366,107
95.5%
Investment Income $704,157
0.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $2,976,182
3.6%
Notable Expenses Percent of Total Expenses
Executive Compensation $192,784
0.2%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $2,783,049,243
Total Liabilities $2,603,444,319
Net Assets $179,604,924
Compensation
Key Employees and Officers Compensation Related Other
Richard Nigon (President) $50,000 $0 $0
Anita Pampusch (Board Chair) $27,500 $0 $0
Clyde Nelson (Treasurer) $20,400 $0 $0
Tim Penny (Board Member) $18,000 $0 $0
Jayne Baccus Khalifa (Board Member) $16,500 $0 $0
Charles Osborne (Chief Financial Officer) $0 $0 $0
Sarah Duniway (Secretary) $0 $0 $0

Document Links

Fiscal Year Ending Sept.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$34,497,148
Expenses
$77,782,326
Net Income
-$43,285,178
Net Assets
$181,982,842
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $34,269,564
99.3%
Investment Income $227,584
0.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $146,900
0.2%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $3,133,566,756
Total Liabilities $2,951,583,914
Net Assets $181,982,842
Compensation
Key Employees and Officers Compensation Related Other
Richard Nigon (President) $50,000 $0 $0
Anita Pampusch (Board Chair) $29,000 $0 $0
Clyde Nelson (Treasurer) $20,400 $0 $0
Tim Penny (Board Member) $20,000 $0 $0
Jayne Baccus Khalifa (Board Member) $19,000 $0 $0
Judi Dutcher (Board Member) $16,500 $0 $0
Charles Osborne (Cfo) $0 $0 $0
Sarah Duniway (Secretary) $0 $0 $0

Document Links

Fiscal Year Ending Sept.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$77,152,274
Expenses
$76,980,966
Net Income
$171,308
Net Assets
$225,268,020
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $76,066,511
98.6%
Investment Income $111,023
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $974,740
1.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $151,400
0.2%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $3,472,295,492
Total Liabilities $3,247,027,472
Net Assets $225,268,020
Compensation
Key Employees and Officers Compensation Related Other
Richard Nigon (President) $50,000 $0 $0
Anita Pampusch (Board Chair) $23,000 $0 $0
Clyde Nelson (Treasurer) $20,400 $0 $0
Tim Penny (Board Member) $20,000 $0 $0
Jayne Baccus Khalifa (Board Member) $18,000 $0 $0
Sarah Duniway (Secretary) $0 $0 $0
Charles Osborne (Cfo) $0 $0 $0

Document Links

Fiscal Year Ending Sept.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$99,725,827
Expenses
$74,765,598
Net Income
$24,960,229
Net Assets
$225,096,712
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $99,617,203
99.9%
Investment Income $108,624
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $131,150
0.2%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $3,844,425,323
Total Liabilities $3,619,328,611
Net Assets $225,096,712
Compensation
Key Employees and Officers Compensation Related Other
Richard Nigon (President) $50,000 $0 $0
Tim Penny (Board Member) $20,500 $0 $0
Clyde Nelson (Treasurer) $20,400 $0 $0
Jayne Baccus Khalifa (Board Member) $18,250 $0 $0
Anita Pampusch (Board Chair) $17,500 $0 $0
Judith Mares Lazar (Board Member) $14,000 $0 $0
Sarah Duniway (Secretary) $0 $0 $0

Document Links

Fiscal Year Ending Sept.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$113,955,498
Expenses
$96,708,871
Net Income
$17,246,627
Net Assets
$200,136,483
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $109,851,123
96.4%
Investment Income $111,020
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $3,986,709
3.5%
Net Inventory Sales $0
Other Revenue $6,646
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $140,865
0.1%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $4,182,875,674
Total Liabilities $3,982,739,191
Net Assets $200,136,483

Document Links

Fiscal Year Ending Sept.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$117,642,011
Expenses
$95,906,219
Net Income
$21,735,792
Net Assets
$182,889,856
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $117,489,173
99.9%
Investment Income $152,838
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $118,000
0.1%
Professional Fundraising Fees $0
Other Salaries and Wages $20,982
0.0%
Assets/Debt
Total Assets $4,532,934,422
Total Liabilities $4,350,044,566
Net Assets $182,889,856

Document Links

Fiscal Year Ending Sept.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$142,422,247
Expenses
$108,883,347
Net Income
$33,538,900
Net Assets
$161,154,064
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $142,162,313
99.8%
Investment Income $259,934
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $147,031
0.1%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $5,113,357,661
Total Liabilities $4,952,203,597
Net Assets $161,154,064

Document Links

Fiscal Year Ending Sept.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Sept.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Sept.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Sept.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Sept.
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Sept.
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Sept.
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Sept.
2003

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Sept.
2002

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Sept.
2001

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
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