2014-05-15T09:07:23-05:00 2013-06-30 ERNST & YOUNG US LLP 401 CONGRESS AVE SUITE 1800 AUSTIN TX 78701 990 2012-07-01 742541542 Brazos Loan Servicing Inc % KELLI VILLARRIAL BRAZ 2547530915 2600 WASHINGTON AVENUE Suite WACO TX 76710 Ernest P Beardsley III 2014-05-14 5124789881 2012 2015-11-30 17:44:51Z Ernest P Beardsley III 2600 WASHINGTON AVENUE WACO TX 76710 3074685 false X brazosloanservicing.org X 1989 TX Brazos Loan Servicing, Inc.'s mission is to make education a reality by supporting programs and initiatives to finance educational opportunities. 8 6 33 0 0 0 0 1628916 3058729 0 737 13732 15219 1642648 3074685 0 0 0 0 1227766 1817431 0 0 0 4143535 3251440 5371301 5068871 -3728653 -1994186 2484454 4609331 7105697 11224760 -4621243 -6615429 WITH A COMMITMENT TO THE HIGHEST STANDARDS OF INTEGRITY AND BUSINESS ETHICS, BLS' MISSION IS TO ASSIST STUDENTS FIND SUCCESS IN HIGHER EDUCATION AND BEYOND BY HELPING TO SUPPORT LENDERS IN THE EVER CHANGING STUDENT LOAN FINANCIAL MARKETS BY PROVIDING PREMIER LOAN SERVICING WITH FLEXIBLE, ROBUST REPORTING AND BY HELPING STUDENTS MANAGE AND UNDERSTAND THEIR STUDENT LOAN DEBT BY PROVIDING PREMIER CUSTOMER SERVICE, SERVICES AND EDUCATION. false false 5068871 0 3074685 Brazos Loan Servicing is a student loan servicer of Federal and Private student loans. 5068871 true false false true false false false false false false true false false false true true true false false false false false false false false false false false false true false false false false false false false false false false false false false false false false false true 11 0 true 33 true false false false false false false false false false false X 8 6 true false false false false false false true true false false true true false false true false false true false X KELLI VILLARRIAL 2547530915 2600 WASHINGTON AVENUE WACO TX 76710 Ernest P Beardsley III 20.0 0.0 X X 24579 0 0 Murray Watson Jr 5.0 0.0 X 0 0 0 Tom Chase 5.0 0.0 X 0 0 0 Ann Harder 5.0 0.0 X 0 0 0 Mike Tassone 5.0 0.0 X 0 0 0 Garry Graham 40.0 0.0 X X 149543 0 15497 Ellis Tredway 5.0 0.0 X 0 0 0 Kelvin Williams 5.0 0.0 X 0 0 0 Kelli Villarrial 20.0 0.0 X 24000 0 0 Sarah MacCarthy 20.0 0.0 X 0 0 0 Susan Davis 5.0 0.0 X 0 0 0 Robert Stem Jr 5.0 0.0 X 0 0 0 Todd Turner 40.0 0.0 X 112405 0 6043 310527 0 21540 2 false true false Ernst Young LLP PNC Bank 3712 Solutions Center CHICAGO IL 606773007 accounting 193321 Graduate Leverage LLC 400 Fifth Avenue Suite 205 WALTHAM MA 02451 CONSULTANTS 116190 2 0 LOAN ORIGINATION AND SERVICING FEES 522294 3058729 3058729 3058729 737 737 0 0 0 0 0 0 0 0 0 ALL OTHER REVENUE 522294 15219 15219 15219 3074685 3073948 737 0 0 0 0 348565 348565 0 1224332 1224332 0 136237 136237 108297 108297 371113 371113 20398 20398 140236 140236 30000 30000 0 0 0 0 910185 910185 68906 68906 0 310213 310213 18923 18923 0 1040 1040 140673 140673 0 545628 545628 144970 144970 SERVICING EXPENSE 404348 404348 Administrative fees 133198 133198 Operating expense 9025 9025 All other expenses 2584 2584 5068871 5068871 0 0 0 0 1526368 3938553 0 0 170586 273041 0 0 0 0 0 0 0 0 58450 99331 463887 165481 295696 298406 0 0 0 0 0 0 433354 0 0 0 2484454 4609331 1530876 4093553 0 0 0 0 0 0 0 0 0 0 0 0 5525000 7125000 49821 6207 7105697 11224760 X -4621243 -6615429 0 0 0 0 -4621243 -6615429 2484454 4609331 -1994186 X false true X true false X 0 0 0 0 0 0 278624 156677 1196884 1642648 3073948 6348781 0 0 0 278624 156677 1196884 1642648 3073948 6348781 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 6348781 1333 43 0 0 737 2113 0 1333 43 0 0 737 2113 0 0 279957 156720 1196884 1642648 3074685 6350894 0.99967 0.99850 0.00033 0.00150 X false false false false false false true 30000 false false 30000 false SCHEDULE C, PART II-B lobbying OUTSIDE LOBBYISTS WERE HIRED TO ADVISE BLS ON APPROPRIATE STRATEGIES AND ACTIONS REGARDING LEGISLATION THAT WOULD HAVE A HARMFUL IMPACT ON BLS INTERESTS. 93351 5588 87763 370536 159893 210643 298406 0 Deferred rent 6207 6207 X 3074685 3074685 3074685 5068871 5068871 5068871 FIN 48 The Company has not identified or recorded any liability for uncertain tax positions for the fiscal years ended in 2013 or 2012. The Company files federal income tax returns in the United States. false false false false false false false false false Garry Graham 149543 0 0 0 0 0 0 0 15497 0 165040 0 0 0 Supplemental Information Form 990, Part VI, Question 2 Business Relationships Robert Stem, Jr. and Murray Watson, Jr. have a business relationship. Form 990, Part VI, Question 11b Describe the Process used by Management &/or Governing Body to Review 990 The 990 tax return is provided to senior management for their review. After their review, the return is provided to the board for their review. Board comments and questions are considered and investigated by senior management and reported back to the board. Adjustments are made (if necessary) based on these reviews prior to submission to the Internal Revenue Service. Form 990, Part VI, Question 12c Description of Process to Monitor Transactions for Conflicts of Interest THE BOARD OF DIRECTORS AND EMPLOYEES OF BLS ARE SUBJECT TO A CONFLICT OF INTEREST POLICY. EMPLOYEES AND THE BOARD OF DIRECTORS ARE REQUIRED TO SELF-DISCLOSE CONFLICTS AS DEFINED BY THE POLICY. CONFLICTS ARE REPORTED TO THE GENERAL COUNSEL. THE GENERAL COUNSEL WILL REVIEW THE REPORTED CONFLICT AND WILL MAKE A DETERMINATION ON HOW TO PROCEED AND IF THE CONFLICT MUST BE PRESENTED TO THE FULL BOARD FOR RESOLUTION. IF THE CONFLICT IS RELATED TO A MEMBER OF THE BOARD OF DIRECTORS, THE MEMBER DOES NOT PARTICIPATE IN THE GOVERNING BODY'S DELIBERATION AND DECISION IN THE MATTER. FORM 990, PART VI, QUESTION 15B COMPENSATION DETERMINATION PROCESS An independent third party reviews the compensation of the officers and key employees to ensure it is within IRS guidelines. The third party also performs comparability studies of related organizations to determine salaries are reasonable. The salaries are reviewed and approved by the board of directors. Form 990, Part VI, Question 19 Avail of Gov Docs, Conflict of Interest Policy, & Fin Stmts to Gen Public The governing documents, conflict of interest policy, and financial statements are available to the public upon request. Additional Information RECENT LEGISLATIVE DEVELOPMENTS ON MARCH 30, 2010, PRESIDENT OBAMA SIGNED INTO LAW THE RECONCILIATION ACT OF 2010. EFFECTIVE JULY 1, 2010, THIS LAW PROHIBITS NEW LOAN ORIGINATIONS UNDER THE FFELP AND REQUIRES THAT ALL NEW FEDERAL LOAN ORIGINATIONS BE MADE THROUGH THE DIRECT LOAN PROGRAM. IN THE EVENT THAT A FIRST DISBURSEMENT HAS BEEN MADE ON A FFELP LOAN PRIOR TO JULY 1, 2010, SUBSEQUENT DISBURSEMENTS OF THAT LOAN MAY STILL BE MADE UNDER THE FFELP. ADDITIONALLY, THE NEW LAW DOES NOT ALTER OR AFFECT THE TERMS AND CONDITIONS OF THE AUTHORITY'S EXISTING FFELP LOANS.