2019-07-15T14:17:07-05:00 2018-08-31 463602660 JOHNSON & SHELDON PLLC PO BOX 509 AMARILLO TX 791050509 990 2017-09-01 237025386 PANHANDLE-PLAINS HIGHER EDUCATION AUTHORITY INC PANH 8063244100 1303 23RD STREET CANYON TX 79015 ZACH BELL CFO 8063244100 2019-06-12 true RICHARD W BLANKENSHIP CPA P00172630 8063717661 2019-07-15 65.200.43.2 2019-07-15 14:17:07 CD P 24B2DD43030EBA64EAE85524960C203142207E95 24B2DD43030EBA64EAE85524960C203142207E95 2017 2019-02-21 02:37:17Z JIMMY PARKER 1303 23RD STREET CANYON TX 79015 43245344 false X WWW.PPHEA.ORG X 1979 TX PROVIDING FUNDS FOR THE PURCHASE OF STUDENT LOANS AT THE POST-SECONDARY LEVEL, AND TO PROVIDE PROCEDURES FOR THE SERVICING OF SUCH LOANS AS REQUIRED FOR CONTINUED PARTICIPATION IN THE FEDERAL FAMILY EDUCATION LOAN PROGRAM UNDER THE HIGHER EDUCATION ACT OF 1965. 11 11 0 0 0 34471256 42430574 550412 814770 0 35021668 43245344 0 0 0 0 0 31999734 40672050 31999734 40672050 3021934 2573294 940463986 861859204 831707400 750529324 108756586 111329880 X PROVIDING FUNDS FOR THE PURCHASE OF STUDENT LOANS AT THE POST-SECONDARY LEVEL, AND TO PROVIDE PROCEDURES FOR THE SERVICING OF SUCH LOANS AS REQUIRED FOR CONTINUED PARTICIPATION IN THE FEDERAL FAMILY EDUCATION LOAN PROGRAM UNDER THE HIGHER EDUCATION ACT OF 1965. false false 40520487 42430574 PROVIDING FUNDS FOR THE PURCHASE OF STUDENT LOANS AT THE POST-SECONDARY LEVEL, AND TO PROVIDE PROCEDURES FOR THE SERVICING OF SUCH LOANS AS REQUIRED FOR CONTINUED PARTI- CIPATION IN THE FEDERAL FAMILY EDUCATION LOAN PROGRAM UNDER THE HIGHER EDUCATION ACT OF 1965. 40520487 true false false true false false false false false false false false false false true true true false false false false false false false false false false false false true true false false false false false false false false false false false false false false false true false false false true 1 0 0 false false false false false false false false false false X 11 11 false true false false false true true true true false false true true true true true false true true false X JIMMY PARKER 8063244100 1303 23RD ST CANYON TX 79015 X DR RON HINER DIRECTOR 2.00 X 0 0 0 DR KENNETH VAN DOREN DIRECTOR 2.00 X 0 0 0 TAMMY ROARK SEC/TREAS 2.00 2.00 X X 0 0 0 MICHAEL P RYAN DIRECTOR 2.00 2.00 X 0 0 0 DR RON MILLER PRESIDENT 2.00 X X 0 0 0 CAROLYN WATERS VICE PRESIDE 2.00 X X 0 0 0 LYNDA TINSLEY DIRECTOR 2.00 X 0 0 0 RITA CRADDOCK DIRECTOR 2.00 X 0 0 0 WOODY GILLILAND DIRECTOR 2.00 X 0 0 0 CATHRYN WRIGHT DIRECTOR 2.00 X 0 0 0 DR RONNY BARNES DIRECTOR 2.00 X 0 0 0 JIMMY PARKER EXECUTIVE DI 5.00 35.00 X 0 188891 29685 JOHN WRIGHT SENIOR VICE 20.00 20.00 X 0 161099 43369 ZACH BELL CFO 20.00 20.00 X 0 120365 33631 470355 106685 false true false PANHANDLE-PLAINS MGT & SERV CORP 1303 23RD ST CANYON TX 79015 LOAN/MGT/OPER 7331798 STATE STREET BANK ONE LINCOLN STREET BOSTON MA 02206 INTEREST EXPENS 3087505 2 STUDENT LOAN INTEREST-NET 522298 40302663 40302663 ARBITRAGE REBATE LIABILITY AD 522298 1876869 1876869 OTHER 251042 251042 42430574 814770 814770 43245344 42430574 814770 49399 24699 24700 41500 20750 20750 134737 67368 67369 22023039 22023039 24000 24000 CONSOLIDATION FEES 5606125 5606125 EDSPECIAL ALLOWANCE PMTS 4117124 4117124 MAINTENANCE & OPERATING F 3970201 3970201 LOAN SERVICING FEES 3822811 3822811 883114 868370 14744 40672050 40520487 151563 0 8140047 7192640 89979025 65426390 23815797 22582863 818313328 766956944 1125 1125 2000000 2000000 -1785336 -2300758 940463986 861859204 4037914 5789555 24321565 21031138 291380000 280335000 529206909 459034462 -17238988 -15660831 831707400 750529324 X 12585997 12311009 96170589 99018871 108756586 111329880 940463986 861859204 2573294 X false true X true true true X X 1 CITY OF HEREFORD TX 750005575 6 true 0 0 1 0 true false false false false false false false false false false false false false false true false false false false false false false false false true 38950 38950 false SCHEDULE C, PART II-B, LINE 1 PPHEA PAID A THIRD PARTY CALLED COLUMBIA STRATEGIC COUNSEL (CSC) 3,250 PER MONTH FOR LOBBYING. THE CONTRACT COVERED SEPTEMBER 1, 2017 THROUGH AUGUST 31, 2018. CSC WORKED TO IDENTIFY, RECRUIT AND EDUCATE SELECT MEMBERS OF CONGRESS WHO SIT ON THE RELEVANT HOUSE AND SENATE COMMITTEES INCLUDING THE FINANCE/WAYS AND MEANS, APPROPRIATIONS AND EDUCATION AND KEY MEMBERS FROM THE STATE OF TEXAS. EXCESS EARNINGS PAYABLE 753797 UNAMORTIZED ORIGINAL ISSUE DISCOUNT -16414628 -15660831 X 43245344 43245344 43245344 40672050 40672050 40672050 SCHEDULE D, PAGE 3, PART X THE AUTHORITY IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(A) AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE CODE), AND HAS BEEN DETERMINED NOT TO BE A PRIVATE FOUNDATION UNDER SECTION 509(A) OF THE CODE. AS A RESULT, INCOME TAXES ARE NOT INCLUDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE AUTHORITY COMPLIES WITH FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ACCOUNTING STANDARDS CODIFICATION (ASC) ASC TOPIC 740, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES (TOPIC 740), WHICH ADDRESSES THE DETERMINATION OF WHETHER TAX BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED ON A TAX RETURN SHOULD BE RECORDED IN THE FINANCIAL STATEMENTS. UNDER THIS GUIDANCE, THE AUTHORITY MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE-LIKELY-THAN-NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. THE TAX BENEFITS RECOGNIZED IN THE FINANCIAL STATEMENTS FROM SUCH POSITION ARE MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THE GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES ALSO ADDRESSES DE- RECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES ON INCOME TAXES, AND ACCOUNTING IN INTERIM PERIODS. MANAGEMENT EVALUATED THE AUTHORITY'S TAX POSITIONS AND CONCLUDED THAT THE AUTHORITY HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THIS GUIDANCE. WITH FEW EXCEPTIONS, THE AUTHORITY IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE U.S. FEDERAL TAX AUTHORITIES FOR YEARS ENDING BEFORE AUGUST 31, 2015. false false false false false false false false false JIMMY PARKER EXECUTIVE DIRECTOR 173891 15000 15808 13877 218576 JOHN WRIGHT SENIOR VICE PRESIDEN 151099 10000 13736 29633 204468 ZACH BELL CFO 110365 10000 10033 23598 153996 SCHEDULE J, PART III PART I, LINE 3: SEE SCHEDULE O FOR DISCLOSURES RELATED TO COMPENSATION PROCESS BY RELATED ORGANIZATION, PANHANDLE-PLAINS MANAGEMENT & SERVICING CORPORATION. A PANHANDLE-PLAINS HIGHER EDUCATION AUTHORITY 237025386 698476EV6 2010-11-17 208200000 REFUNDING false true false B PANHANDLE-PLAINS HIGHER EDUCATION AUTHORITY 237025386 2015-08-27 219200000 REFUNDING false true false A 147065000 219807571 315000 1667200 217808126 2010 true false true true B 233536633 430000 233106633 2015 true false true true A false false false false false false true B false false false false false false true A false false false true true false false false true B false true false false true false false false true A true B true SCHEDULE K - DATE REBATE COMPUTATION PERFORMED PANHANDLE-PLAINS HIGHER EDUCATION 08/31/15 SCHEDULE K - ADDITIONAL INFORMATION PANHANDLE-PLAINS HIGHER EDUCATION PART I (F) BOND A REFUNDED BONDS' ISSUE DATES: 5/10/95, 4/10/97, 2/10/04, 12/16/05, 4/25/06, 2/28/07 PART I (C) BOND B NO CUSIP WAS ASSIGNED TO THE BONDS BECAUSE THEY WERE ISSUED VIA PRIVATE PLACEMENT PART I (F) BOND B REFUNDED BONDS' ISSUE DATES: 5/11/92, 5/27/93, 5/2/95, 4/9/98, 2/17/00 TOTAL PROCEEDS IN PART II 3 DO NOT EQUAL THE TOTAL ISSUE PRICE IN PART I (E) DUE TO INVESTMENT EARNINGS. THE INFORMATION IS OBTAINED FROM THE ARBITRAGE CALCULATIONS PART IV 2C BOND A COMPUTATION DATE 8/31/15 FORM 990 - ORGANIZATION'S MISSION PROVIDING FUNDS FOR THE PURCHASE OF STUDENT LOANS AT THE POST-SECONDARY LEVEL, AND TO PROVIDE PROCEDURES FOR THE SERVICING OF SUCH LOANS AS REQUIRED FOR CONTINUED PARTICIPATION IN THE FEDERAL FAMILY EDUCATION LOAN PROGRAM UNDER THE HIGHER EDUCATION ACT OF 1965. FORM 990, PAGE 6, PART VI, LINE 3 PANHANDLE PLAINS HIGHER EDUCATION AUTHORITY (PPHEA)HAS A CONTRACT WITH PANHANDLE-PLAINS MANAGEMENT & SERVICING CORPORATION (PPMSC) TO PROVIDE FOR SERVICING ADMINISTRATION. PPHEA HAS NO EMPLOYEES. THERE ARE TWO ELEMENTS IN THE FEES PAID -- SERVICING FEES AND ADMINISTRATIVE AND MAINTENANCE FEES (M&O). FORM 990, PAGE 6, PART VI, LINE 7A HEREFORD, TEXAS CITY COUNCIL ELECTS AND APPOINTS BOARD MEMBERS. FORM 990, PAGE 6, PART VI, LINE 7B HEREFORD, TEXAS CITY COUNCIL ELECTS AND APPOINTS BOARD MEMBERS. FORM 990, PAGE 6, PART VI, LINE 11B THE BOARD OF DIRECTORS OF THE PANHANDLE-PLAINS HIGHER EDUCATION AUTHORITY IS PROVIDED AN ELECTRONIC COPY OF THE FORM 990 ONE WEEK PRIOR TO FILING. THE DIRECTORS THEN HAVE A WEEK TO REVIEW AND GIVE COMMENTS BEFORE THE RETURN IS FILED WITH THE INTERNAL REVENUE SERVICE. FORM 990, PAGE 6, PART VI, LINE 12C THE BOARD MEMBERS OF PPHEA ARE REQUIRED TO UPDATE THEIR CONFLICT OF INTEREST STATEMENTS AT THE ANNUAL BOARD OF DIRECTORS MEETING. A RECORD OF THIS IS KEPT IN THE MINUTES OF THE BOARD MEETING. FORM 990, PAGE 6, PART VI, LINE 15A THE EXECUTIVE DIRECTOR AND OTHER PERSONNEL ARE EMPLOYEES OF PANHANDLE-PLAINS MANAGEMENT & SERVICING CORPORATION (PPMSC). THE SALARIES OF THESE INDIVIDUALS ARE ESTABLISHED BY PPMSC. FORM 990, PAGE 6, PART VI, LINE 15B THE EXECUTIVE DIRECTOR AND OTHER PERSONNEL ARE EMPLOYEES OF PANHANDLE-PLAINS MANAGEMENT & SERVICING CORPORATION (PPMSC). THE SALARIES OF THESE INDIVIDUALS ARE ESTABLISHED BY PPMSC. FORM 990, PAGE 6, PART VI, LINE 19 PPHEA'S ANNUAL AUDITED FINANCIAL STATEMENTS ARE AVAILABLE ON ITS WEBSITE. THE GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST. ARTICLES OF INCORPORATION AND PUBLIC DOCUMENTS ARE PUBLIC INFORMATION AND ARE AVAILABLE FROM THE SECRETARY OF STATE. FORM 990, PART VII SCHEDULE J, LINE 3 - QUESTIONS REGARDING COMPENSATION THE PPHEA BOARD DOES NOT APPROVE COMPENSATION OF THE EXECUTIVE DIRECTOR, BUT IT DOES APPROVE THE MANAGEMENT CONTRACT WITH PANHANDLE-PLAINS MANAGEMENT & SERVICING CORPORATION WHICH PAYS THE EXECUTIVE DIRECTOR/CEO'S COMPENSATION. PANHANDLE-PLAINS STUDENT FINANCE CORPORATION 1303 23RD STREET CANYON TX 79015 752059556 STUD LOANS TX 501C3 10 NA N/A false PANHANDLE-PLAINS MGT & SERV CORP 1303 23RD STREET CANYON TX 79015 455543346 STUD LOANS TX 501C3 12A N/A false false false false false false false false false false false false false true false false false false false false PANHANDLE-PLAINS MGT & SERV CORP M 7793011 MGMT & SERV CONTRACT