2013-07-15T14:25:08-05:00 2012-08-31 JOHNSON & SHELDON PC PO BOX 509 AMARILLO TX 791050509 990 2011-09-01 237025386 PANHANDLE-PLAINS HIGHER EDUCATION AUTHORITY INC PANH 8063244100 1303 23RD STREET CANYON TX 79015 JIMMY PARKER 8063244100 2013-07-15 true RICHARD W BLANKENSHIP 8063717661 2013-07-15 2011 2016-02-24 21:20:13Z JIMMY PARKER 1303 23RD STREET CANYON TX 79015 41839675 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 45954190 41214310 231007 163103 3237572 462262 49422769 41839675 56250 0 0 0 0 46195892 42604490 46195892 42660740 3226877 -821065 1597691120 1384422238 1493924846 1281477029 103766274 102945209 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 42089503 56250 41214310 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. 42089503 true false false false false false false false false false false false false false true false true false false false false false false false false false false true false true true false false false false false false false false false false false false false false false true false false false false true 4 0 true 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 X DR RON HINER 2.00 X X 0 0 0 DR KENNETH VAN DOREN 2.00 X 0 0 0 TAMMY ROARK 2.00 X X 0 0 0 MICHAEL P RYAN 2.00 X X 0 0 0 JON D DRAKE 2.00 X 0 0 0 DR RON MILLER 2.00 X 0 0 0 CAROLYN WATERS 2.00 X 0 0 0 LYNDA TINSLEY 2.00 X 0 0 0 LARRY M ALLEY 2.00 X 0 0 0 WOODY GILLILAND 2.00 X 0 0 0 JEFF BROWN 2.00 X 0 0 0 JIMMY PARKER 40.00 X 0 172921 9062 JOHN WRIGHT 40.00 X 0 139208 11868 ZACH BELL 40.00 X 0 105911 10315 418040 31245 false true false PANHANDLE-PLAINS MGT & SERV CORP 1303 23RD ST CANYON TX 79015 LOAN/MGT/OPER 13751746 WELLS FARGO 625 MARQUETTE 16TH FLOOR MINNEAPOLIS MN 55479 AGENT/TRUST FEE 214967 CITIGROUP GLOBAL MARKETING INC 388 GREENWICH ST NEW YORK NY 10013 BOND REMARKETIN 194113 AVANT STRATEGIC PARTNERS LP 10010 SAN PEDRO STE 520 SAN ANTONIO TX 78216 ARBITRAGE CALCU 155000 4 STUDENT LOAN INTEREST-NET 522299 41214310 41214310 41214310 163103 163103 OTHER INCOME 522299 462262 462262 462262 41839675 41676572 163103 56250 56250 300368 150184 150184 52500 26250 26250 253562 126781 126781 18058909 18058909 19156 19156 MAINTENANCE & OPERATING F 8082517 8082517 CONSOLIDATION FEES 7576062 7576062 LOAN SERVICING FEES 4960121 4960121 VCAP SETTLEMENT 1319029 1319029 1982266 1714244 268022 42660740 42089503 571237 0 7656143 9035227 78091852 93984519 34119851 23921205 1458768009 1238183943 51016 1667 2000000 4277807 17004249 15017870 1597691120 1384422238 4439220 5833408 35451596 40773705 418130000 160735000 1054707130 1111479000 -18803100 -37344084 1493924846 1281477029 X 7707159 11039910 96059115 91905299 103766274 102945209 1597691120 1384422238 -821065 X false true true X true true X X X X false false false CITY OF HEREFORD TX 750005575 6 true true true 0 1 false false false false false false false false false false UNAMORTIZED ORIGINAL ISSUE DISCOUNT -37344084 -37344084 41839675 42660740 -821065 -821065 41839675 41839675 41839675 42660740 42660740 42660740 false PANHANDLE-PLAINS MGT & SERV CORP 1303 23RD STREET CANYON TX 79015 455543346 PEN 56250 ORG START-UP COSTS X true false X false false false false false false false false false JIMMY PARKER 142921 30000 9062 181983 JOHN WRIGHT 124208 15000 11868 151076 2010-1 TRUST INDENT A-1A-2A-3A-4 237025386 698476EV6 2010-11-17 208200000 STUDENT LOAN FINANCING false true false 47465 221830356 421292 1667200 2010 true false true true false false false false false false true false true false false false false ADDITIONAL INFORMATION SCHEDULE K 20101 TRUST INDENT A1A2A3A4 PARTI F ISSUE CURRENTLY REFUNDED ALL OR A PORTION OF SERIES 1995A 1997X 2004A2 TAXABLE 2005A4 2006A1 AND 2007A1 ON NOVEMBER 17 2012 PARTII 3 TOTAL PROCEEDS DO NOT EQUAL THE TOTAL ISSUE PRICE IN PART 1E DUE TO INVESTMENT EARNINGS THE INFORMATION PROVIDED IS OBTAINED FROM THE 83112 ARBITRAGE CALCULATIONS ORGANIZATION'S MISSION 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. MANAGEMENT DELEGATED 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). ELECTION OF MEMBERS AND THEIR RIGHTS FORM 990, PAGE 6, PART VI, LINE 7A HEREFORD, TEXAS CITY COUNCIL ELECTS AND APPOINTS BOARD MEMBERS. DECISIONS SUBJECT TO APPROVAL OF MEMBERS FORM 990, PAGE 6, PART VI, LINE 7B HEREFORD, TEXAS CITY COUNCIL ELECTS AND APPOINTS BOARD MEMBERS. ORGANIZATION'S PROCESS USED TO REVIEW FORM 990 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. ENFORCEMENT OF CONFLICTS POLICY 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. COMPENSATION PROCESS FOR TOP OFFICIAL 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. COMPENSATION PROCESS FOR OFFICERS 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. GOVERNING DOCUMENTS DISCLOSURE EXPLANATION 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. ADDITIONAL INFORMATION 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 COPRORATION WHICH PAYS THE EXECUTIVE DIRECTOR/ CEO'S COMPENSATION. PANHANDLE-PLAINS STUDENT FINANCE CORPORATION 1303 23RD STREET CANYON TX 79015 752059556 STUD LOANS TX 501C3 9 NA N/A false PANHANDLE-PLAINS MGT & SERV CORP 1303 23RD STREET CANYON TX 79015 455543346 STUD LOANS TX PENDIN 11A N/A false PANHANDLE-PLAINS MGT & SERV CORP 1303 23RD STREET CANYON TX 79015 752832311 SERV STUD TX NA C CORP false true false false false false false false false false false true true true false false false false PANHANDLE-PLAINS MGT & SERV CORP L 13751746 MGNT SERV CONTRACT PANHANDLE-PLAINS MGT & SERV CORP B 56250 CASH AMOUNT PAID ADDITIONAL INFORMATION SCHEDULE R SCHEDULE R PART IV PANHANDLEPLAINS MANAGEMENT SERVICING CORPORATION THE PREDECESSOR ORGANIZATION WAS A FORPROFIT ENTITY THAT PERFORMED MANAGEMENT ACTIVITIES FOR AND ACTED AS MASTER SERVICER FOR STUDENT LOANS HELD BY PANHANDLEPLAINS HIGHER EDUCATION AUTHORITY INC PANHANDLEPLAINS STUDENT FINANCE CORPORATION AND OTHER ORGANIZATIONS DURING 2012 THE NEW SUCCESSOR CORPORATION WAS FORMED AS A NOTFORPROFIT CORPORATION ORIGINALLY WITH THE NAME CANYON STUDENT LOAN SERVICING CORPORATION TO ACQUIRE THE ASSETS OF AND CERTAIN LIABILITIES OF THE PREDECESSOR FOLLOWING SUCH ACQUISITION CANYON STUDENT LOAN SERVICING CORPORATION CHANGED ITS NAME TO PANHANDLEPLAINS MANAGEMENT SERVICING CORPORATION PANHANDLEPLAINS HIGHER EDUCATION AUTHORITY INC AND PANHANDLEPLAINS STUDENT FINANCE CORPORATION FELT THAT THEIR CHARITABLE AND EDUCATION PURPOSES WOULD BE BETTER SERVED BY HAVING THEIR MANAGEMENT AND SERVICING HANDLED BY A NOTFORPROFIT ENTITY RATHER THAN THE FORPROFIT PREDECESSOR SPECIFICALLY THEY WANTED EXCESS REVENUES OF THEIR MANAGEMENT AND SERVICING ENTITY TO BE USED FOR CHARITABLE AND EDUCATIONAL PROGRAMS AIMED AT PREVENTING STUDENT LOAN DEFAULTS SUCH AS PROVIDING FINANCIAL LITERACY PROGRAMS TO STUDENTS AND WORKING WITH ATRISK BORROWERS RATHER THAN RETAINED FOR THE BENEFIT OF THE OWNER OF THE PREDECESSOR THE PREDECESSOR PERFORMED MANAGERIAL AND ADMINISTRATIVE SERVICES FOR PANHANDLEPLAINS STUDENT FINANCE CORPORATION AND PANHANDLEPLAINS HIGHER EDUCATION AUTHORITY INC AND ACTED AS MASTER SERVICER FOR THE STUDENT LOANS HELD BY SUCH ENTITIES AND OTHER ORGANIZATIONS