2024-05-02T06:33:46-04:00 2023-08-31 990 2022-09-01 237133739 North Texas Higher Education Authority Inc % Phillip Wambsganss NORT 8172659158 4381 W GREEN OAKS BLVD STE 200 Arlington TX 760164477 Denise Dunn Trakshel Controller 2024-05-02 Denise Dunn Trakshel XXX-XX-XXXX 2022 2023-04-26 12:10:37Z Phillip Wambsganss 4381 W GREEN OAKS BLVD STE 200 Arlington TX 760164477 53783363 false X www.nthea.com X 1979 TX Acquire student loans and provide life of loan servicing of student loans at post secondary level. 6 6 0 6 0 0 0 0 26039812 50179105 943419 3604258 0 0 26983231 53783363 0 0 0 0 0 0 0 0 0 28471620 46105600 28471620 46105600 -1488389 7677763 1018646765 866196017 816274695 655084899 202372070 211111118 Provide student loans at post secondary level and life of loan servicing of student loans. false false 36695075 0 49132368 Student Loan Programs: provide funds mostly through issuance of bonds for the purchase and life of loan servicing of FFELP student loans at the post secondary level 95941 loans outstanding. 0 0 0 0 0 0 0 0 0 36695075 true false false true false false false false false false false false true false true false true false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false true 0 0 true 0 false false false false false false false 0 false false false false false false false false false false 6 6 false false false false false false true true true false false false true true true true true false false false X Phillip Wambsganss 8172659158 4381 W GREEN OAKS BLVD STE 200 Arlington TX 760164477 X Amy Michie Treasurer Secretary Board Member 1.00 0.00 X X 0 0 0 Governor Jackson President Board Member 1.00 0.00 X X 0 0 0 Jerry McCullough Vice President Board Member 1.00 0.00 X X 0 0 0 Tony Pompa Board Member 1.00 0.00 X 0 0 0 David Petter Board Member 1.00 0.00 X 0 0 0 Gracie Riddick Board Member 1.00 0.00 X 0 0 0 Phillip Wambsganss Executive Director HESC 1.00 0.00 X 0 0 0 Denise Dunn-Trakshel Controller HESC 1.00 0.00 X 0 0 0 0 0 0 0 false false false Higher Education Servicing Corporation 4381 W Green Oaks Blvd Suite 200 ARLINGTON TX 76016 Program Administration & Servicing 8581061 Norton Rose Fulbright US LLP 1301 McKinney Suite 5100 Houston TX 77010 Legal services/bond counsel 557414 2 0 0 0 0 0 0 0 0 Student loan interest & govt subsidy 522294 50179105 50179105 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 50179105 3604258 0 0 3604258 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 53783363 50179105 0 3604258 X 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 6772638 0 6772638 0 558870 0 558870 0 107914 0 107914 0 1953 0 1953 0 0 0 0 0 0 0 4455204 2516034 1939170 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 33010654 33010654 0 0 0 0 0 0 1168387 1168387 0 0 25753 0 25753 0 Board member travel fees and board meeting expenses 4227 0 4227 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 46105600 36695075 9410525 0 0 0 0 0 122296 0 128472255 97713644 0 0 54566243 50076665 0 0 0 0 0 0 0 0 38351 21578 0 0 0 0 0 0 0 0 835435244 718377662 0 0 12376 6468 1018646765 866196017 2207148 2128645 0 0 0 0 0 0 0 0 0 0 0 14896000 0 0 814067547 638060254 816274695 655084899 X 0 0 0 0 202372070 211111118 202372070 211111118 1018646765 866196017 7677763 -795249 0 0 0 1856534 X false true X true true true X X 1 City of Arlington Texas 756004503 6 true 0 43204123 1 0 43204123 true false false false false false false false false false false false false false false false true false 0 1953 1953 46103647 46105600 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 2800 2800 0 0 5600 0 0 0 0 0 0 0 0 0 0 0 Part IV | PartandLinenumber:,Explanation:| Part II-A Line 1,Line 1b: NTHEA is a member of the Education Finance Council that engages in some direct lobbying activities. Approximately 5.5% of NTHEA's annual membership dues paid to this organization is for the lobbying activity.| Net student loans notes receivable 718377662 C 718377662 Bonds payable taxable 640026000 Unamortized bond discount taxable -4705673 Deferred Income - South Texas Acquisition 2739927 638060254 51943171 -795249 -1044944 -1840193 53783364 -1 -1 53783363 45060656 0 45060656 1044944 1044944 46105600 Part XI, line 2d Schedule D Part XI Line 2d: Amortization of premium reported with revenue for audit but reported in expense for Form 990. Part XII, line 4b Schedule D Part XII Line 4b: Amortization of premium reported with revenue for audit but reported in expenses for Form 990. Part XI, line 4b Rounding Part VI, Line 7b NTHEA Board members nominate persons to serve on the Board. However the Governing Body of the City of Arlington Texas appoints members to the NTHEA Board of Directors. The Governing Body of the City of Arlington Texas must approve the financings related to proposed bond issues before NTHEA can issue bonds. Part VI, Line 11a The NTHEA Form 990 is prepared by the Controller of Higher Education Servicing Corporation HESC. The Form 990 is reviewed and approved by the Treasurer of NTHEA and the Chief Executive Officer of HESC. HESC is the program management company for NTHEA. Part VI, Line 12c A member of NTHEA's Bond Counsel firm attends every Board meeting. The Bond Counsel reviews the conflict of interest policy with the Board members on an annual basis and enforces compliance with the policy. Part VI, Line 19 NTHEA makes its audited financial statements and reports available to the public by placing them on an investment page that can be accessed from the web. NTHEA does not make its governing documents and conflict of interest policy available to the public. Part XI, Line 9 | Description:, Explanation:, Amount:| Loan servicing expenses, Loan expenses, $1856534| Part VIII Line 2 | Explanation:| Line 2a-2e: Income is interest received on outstanding student loans to students and supplemental interest received from the Federal Government for financing of education at post-secondary institutions. Income received is totally related to exempt purposes of funding educational loans. Part IX Line 11 | Explanation:| Line 11g: Program service expenses includes trustee fees and tender agent fees $142,046; loan servicing fees $1,766,031; borrower benefit write-offs $396,273; cost of issuance fees $152,500; and bond rating expense $59,183.