BRAZOS HIGHER EDUCATION SERVICE CORPORATION INC: Form 990, tax year 2009
View the entire original 990 at ProPublica ↗
- Organization
- BRAZOS HIGHER EDUCATION SERVICE CORPORATION INC (EIN 74-2129255)
- Tax period
- 2009-07-01 to 2010-06-30
- Filed
- 2011-05-12
- IRS object ID
- 201101329349303455
- Schema version
- 2009v1.7
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule C
- Schedule D
- Schedule I
- Schedule J
- Schedule L
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2011-05-12T15:08:46-04:00 | Timestamp |
| Tax Period End Date | 2010-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ERNST & YOUNG US LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 111 MONUMENT CIRCLE SUITE 2600 | AddressLine1 |
| City | INDIANAPOLIS | City |
| State | IN | State |
| ZIP Code | 46204 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2009-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 742129255 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BRAZOS HIGHER EDUCATION SERVICE CORPORATION | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | BRAZ | NameControl |
| Phone | 2547530915 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 1308 | AddressLine1 |
| City | WACO | City |
| State | TX | State |
| ZIP Code | 76703 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Ricky Turman | Name |
| Title | EVP & CFO | Title |
| Date Signed | 2011-05-11 | DateSigned |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 3176817000 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2009 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | RICKY TURMAN | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2600 WASHINGTON AVENUE | AddressLine1 |
| City | WACO | City |
| State | TX | State |
| ZIP Code | 76710 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 16834585 | GrossReceipts |
| Group Return For Affiliates | false | GroupReturnForAffiliates |
| Organization501c | X | Organization501c |
| Web Site | www.brazos.us.com | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1980 | YearFormation |
| State Legal Domicile | TX | StateLegalDomicile |
| Activity Or Mission Description | To provide management and administrative support for affiliated entities student loan servicing needs. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 9 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 9 | NbrIndependentVotingMembers |
| Total Nbr Employees | 84 | TotalNbrEmployees |
| Total Nbr Volunteers | 0 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Contributions Grants Prior Year | 0 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 0 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 25556405 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 15372796 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 15302 | InvestmentIncomePriorYear |
| Investment Income Current Year | 1300438 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | -15688 | OtherRevenuePriorYear |
| Other Revenue Current Year | -18783 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 25556019 | TotalRevenuePriorYear |
| Total Revenue Current Year | 16654451 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 67000 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 185000 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 12490501 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 9610347 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 0 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 9633169 | OtherExpensePriorYear |
| Other Expenses Current Year | 5680134 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 22190670 | TotalExpensesPriorYear |
| Total Expenses Current Year | 15475481 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 3365349 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 1178970 | RevenuesLessExpensesCY |
| Total Assets BOY | 35821039 | TotalAssetsBOY |
| Total Assets EOY | 36922110 | TotalAssetsEOY |
| Total Liabilities BOY | 7898768 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 7820869 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 27922271 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 29101241 | NetAssetsOrFundBalancesEOY |
| Mission Description | To provide management and administrative support for affiliated entities student loan servicing needs. | MissionDescription |
| Significant New Program Services | false | SignificantNewProgramServices |
| Significant Change | false | SignificantChange |
| Expense | 13142762 | Expense |
| Grants | 185000 | Grants |
| Revenue | 15450547 | Revenue |
| Description | Administrative and Management services for affilitated non-profit entities. As master servicer, Brazos Higher Education Service Corporation provided management services for 10 nonprofit student loan companies. This included administering over 1.4 million loans with outstanding principal in excess of $13 billion under the Federal Family Education Loan Program (FFELP). Heal, TERI, and various other alternative loan programs. | Description |
| Total Program Service Expense | 13142762 | TotalProgramServiceExpense |
| Described In501 C3 | true | DescribedIn501C3 |
| Schedule B Required | false | ScheduleBRequired |
| Political Activities | false | PoliticalActivities |
| Lobbying Activities | true | LobbyingActivities |
| Donor Advised Funds | false | DonorAdvisedFunds |
| Conservation Easements | false | ConservationEasements |
| Collections Of Art | false | CollectionsOfArt |
| Credit Counseling | false | CreditCounseling |
| Term Or Permanent Endowments | false | TermOrPermanentEndowments |
| Balance Sheet Amounts Reported | true | BalanceSheetAmountsReported |
| Independent Audit Financial Stmt | true | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | false | ConsolidatedAuditFinancialStmt |
| School | false | School |
| Foreign Office | false | ForeignOffice |
| Foreign Activities | false | ForeignActivities |
| More Than5000 K To Organizations | false | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividuals |
| Professional Fundraising | false | ProfessionalFundraising |
| Fundraising Activities | false | FundraisingActivities |
| Gaming | false | Gaming |
| Hospital | false | Hospital |
| Grants To Organizations | true | GrantsToOrganizations |
| Grants To Individuals | false | GrantsToIndividuals |
| Schedule J Required | true | ScheduleJRequired |
| Tax Exempt Bonds | false | TaxExemptBonds |
| Excess Benefit Transaction | false | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | false | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | true | LoanToOfficerOrDQP |
| Grant To Related Person | false | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | true | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | false | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | false | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | false | DeductibleNonCashContributions |
| Deductible Contributions Of Art | false | DeductibleContributionsOfArt |
| Terminated | false | Terminated |
| Partial Liquidation | false | PartialLiquidation |
| Disregarded Entity | false | DisregardedEntity |
| Related Entity | true | RelatedEntity |
| Related Org Controlled Entity | true | RelatedOrgControlledEntity |
| Transfers To Exempt Non Chrtbl Org | false | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | false | ActivitiesConductedPartnership |
| Schedule O Required | true | ScheduleORequired |
| Number Forms Transmitted With1096 | 83 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | true | ComplianceWithBackupWitholding |
| Number Of Employees | 84 | NumberOfEmployees |
| Employment Tax Returns Filed | true | EmploymentTaxReturnsFiled |
| Unrelated Business Income | false | UnrelatedBusinessIncome |
| Foreign Financial Account | false | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTrans |
| Taxable Party Notification | false | TaxablePartyNotification |
| Non Deductible Contributions | false | NonDeductibleContributions |
| Quid Pro Quo Contributions | false | QuidProQuoContributions |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | false | FundsToPayPremiums |
| Premiums Paid | false | PremiumsPaid |
| Nbr Voting Governing Body Members | 9 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 9 | NumberIndependentVotingMembers |
| Family Or Business Relationship | true | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | false | DelegationOfManagementDuties |
| Changes To Organizing Docs | false | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuse |
| Members Or Stockholders | false | MembersOrStockholders |
| Election Of Board Members | false | ElectionOfBoardMembers |
| Decisions Subject To Approval | false | DecisionsSubjectToApproval |
| Minutes Of Governing Body | true | MinutesOfGoverningBody |
| Minutes Of Committees | true | MinutesOfCommittees |
| Officer Mailing Address | false | OfficerMailingAddress |
| Local Chapters | false | LocalChapters |
| Form990 Provided To Governing Body | true | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | true | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | true | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | true | RegularMonitoringEnforcement |
| Whistleblower Policy | true | WhistleblowerPolicy |
| Document Retention Policy | true | DocumentRetentionPolicy |
| Compensation Process CEO | true | CompensationProcessCEO |
| Compensation Process Other | true | CompensationProcessOther |
| Investment In Joint Venture | false | InvestmentInJointVenture |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | RICKY TURMAN CFO EVP | NamePerson |
| Telephone Number | 2547530915 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2600 Washington Avenue | AddressLine1 |
| City | Waco | City |
| State | TX | State |
| ZIP Code | 76710 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (32 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer | Key EmployeeKeyEmployee | Highest Compensated EmployeeHighestCompensatedEmployee | FormerFormer |
|---|---|---|---|---|---|---|---|---|---|
| Bob Chambers | |||||||||
| Chairman | 1.0 | X | 1045 | 0 | 0 | ||||
| Lindley Elliott | |||||||||
| Director (stepped down 6/2010) | 1.0 | X | 0 | 0 | 0 | ||||
| Paul Marable Jr | |||||||||
| Director | 1.0 | X | 0 | 0 | 0 | ||||
| Mrs Joyce Packard | |||||||||
| Vice Chairman | 1.0 | X | 0 | 0 | 0 | ||||
| Norman Hay Jr | |||||||||
| Director | 1.0 | X | 851 | 0 | 0 | ||||
| David Smith Jr | |||||||||
| Director | 1.0 | X | 779 | 0 | 0 | ||||
| John Perry | |||||||||
| Director | 1.0 | X | 0 | 0 | 0 | ||||
| Dorothy Talbot | |||||||||
| Director (stepped down 6/2010) | 1.0 | X | 0 | 0 | 0 | ||||
| Dr Joseph Velez | |||||||||
| Director | 1.0 | X | 0 | 0 | 0 | ||||
| Tom Chase | |||||||||
| Director | 1.0 | X | 0 | 0 | 0 | ||||
| Wilton Lanning | |||||||||
| Director | 1.0 | X | 0 | 0 | 0 | ||||
| Susan Davis | |||||||||
| Assistant to Admin. VP | 40.0 | 59759 | 0 | 12094 | X | ||||
| Tammy Harralson | |||||||||
| Controller/VP | 40.0 | 171043 | 0 | 29598 | X | ||||
| David Horner | |||||||||
| EVP/Special asst to president | 40.0 | 350219 | 0 | 47427 | X | ||||
| Randall Larson | |||||||||
| Special Projects VP | 40.0 | 202508 | 0 | 34967 | X | ||||
| Michael Macomber | |||||||||
| EVP Sales & Marketing | 40.0 | 332782 | 0 | 48261 | X | ||||
| Daniel Reyna | |||||||||
| Internal Audit Director | 40.0 | 126421 | 0 | 19773 | X | ||||
| Ellis Tredway | |||||||||
| EVP/Gov. Affairs & Strat Plng | 40.0 | 295824 | 0 | 36096 | X | ||||
| Ricky Turman | |||||||||
| EVP / CFO | 40.0 | 465169 | 0 | 29441 | X | ||||
| kelli Villarrial | |||||||||
| Associate General Counsel | 40.0 | 200568 | 0 | 18960 | X | ||||
| Murray Watson | |||||||||
| President | 40.0 | 1022410 | 0 | 29934 | X | ||||
| Janice White | |||||||||
| Administration VP | 40.0 | 181192 | 0 | 20628 | X | ||||
| james McInnis | |||||||||
| Treasury and Budget Director | 40.0 | 93098 | 0 | 18945 | X | ||||
| Ray Rushing | |||||||||
| Secretary | 1.0 | 0 | 0 | 0 | X | ||||
| Suzanne Young | |||||||||
| Asset Mgmt VP (retired 1/2010) | 40.0 | 135864 | 0 | 18593 | X | ||||
| Sam Redden | |||||||||
| Information Technology SVP | 40.0 | 232468 | 0 | 35224 | X | ||||
| Debra Urias | |||||||||
| School & Client Services VP | 40.0 | 151075 | 25365 | X | |||||
| Henry Stoever | |||||||||
| Marketing SVP | 40.0 | 172533 | 0 | 23539 | X | ||||
| John M Wright | |||||||||
| Financial Mod & Anal-MAAS Mgr. | 40.0 | 165815 | 0 | 22197 | X | ||||
| Sarah MacCarthy | |||||||||
| Project Management VP | 40.0 | 153914 | 0 | 21548 | X | ||||
| Mike Abdelnour | |||||||||
| Internet Services Director | 40.0 | 143660 | 0 | 13716 | X | ||||
| Milicent Larson | |||||||||
| Vice President, HR | 1.0 | 104224 | 0 | 16668 | X | ||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 4763221 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 522974 | TotalOtherCompensation |
| Number Individuals GT100 K | 24 | NumberIndividualsGT100K |
| Formers Listed | true | FormersListed |
| Total Comp GT150 K | true | TotalCompGT150K |
| Compensation From Other Sources | false | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| Ernst Young LLP | |||||
| PO Box 848107 | DALLAS | TX | 75284 | Tax & Audit Services | 661097 |
| Murray Watson and Associates | |||||
| 2600 Washington Avenue | DALLAS | TX | 76710 | Legal | 434488 |
| Arnold Porter | |||||
| 555 12th Street NW | WASHINGTON | DC | 20004 | Legal | 391934 |
| Squire Sanders Dempsey LLP | |||||
| 1300 Huntington Center 41 South Hi | COLUMBUS | OH | 43215 | Legal | 324729 |
| Anderton Gr IIMailmax Direct Pri | |||||
| PO Box 20113 | WACO | TX | 76702 | Specialized printing | 231077 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 6 | NumberOfContractorsGT100K |
| Total Contributions | 0 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (5 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| Servicing Fees | 522294 | 45117 | 45117 |
| CREDIT & COLLECTION FEES | 522294 | 4131 | 4131 |
| Operating Income (M&O) | 522294 | 15235806 | 15235806 |
| Financial advisory fees from affiliate | 522294 | 75000 | 75000 |
| Amortization of deferred income | 522294 | 12742 | 12742 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 15372796 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 1300438 | TotalRevenueColumn |
| Exclusion | $1,300,438 | ExclusionAmount |
Income From Invest Bond Proceeds IncomeFromInvestBondProceeds
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Royalties Revenue RoyaltiesRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Gross Rents GrossRents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 83600 | Real |
Less Rental Expenses LessRentalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 180134 | Real |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | -96534 | Real |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -96534 | TotalRevenueColumn |
| Exclusion | -$96,534 | ExclusionAmount |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Net Income From Gaming NetIncomeFromGaming
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Net Income Or Loss NetIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Other Revenue Misc OtherRevenueMisc
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | All other revenue | Description |
| Business Code | 522294 | BusinessCode |
| Total Revenue Column | 77751 | TotalRevenueColumn |
| Related Or Exempt Function Income | 77751 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 77751 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 16654451 | TotalRevenueColumn |
| Related Or Exempt Function Income | 15450547 | RelatedOrExemptFunctionIncome |
| Exclusion | $1,203,904 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 185000 | Total |
| Program Services | 185000 | ProgramServices |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Foreign Grants ForeignGrants
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Benefits To Members BenefitsToMembers
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4062758 | Total |
| Program Services | 3656482 | ProgramServices |
| Management And General | 406276 | ManagementAndGeneral |
Comp Disqual Persons CompDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4044134 | Total |
| Program Services | 3639721 | ProgramServices |
| Management And General | 404413 | ManagementAndGeneral |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 539035 | Total |
| Program Services | 485132 | ProgramServices |
| Management And General | 53903 | ManagementAndGeneral |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 478995 | Total |
| Program Services | 431095 | ProgramServices |
| Management And General | 47900 | ManagementAndGeneral |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 485425 | Total |
| Program Services | 436882 | ProgramServices |
| Management And General | 48543 | ManagementAndGeneral |
Fees For Services Management FeesForServicesManagement
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 553061 | Total |
| Management And General | 553061 | ManagementAndGeneral |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1819383 | Total |
| Program Services | 1637445 | ProgramServices |
| Management And General | 181938 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 195053 | Total |
| Program Services | 175548 | ProgramServices |
| Management And General | 19505 | ManagementAndGeneral |
Fees For Services Lobbying FeesForServicesLobbying
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 241781 | Total |
| Management And General | 241781 | ManagementAndGeneral |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 41066 | Total |
| Program Services | 36959 | ProgramServices |
| Management And General | 4107 | ManagementAndGeneral |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 11067 | Total |
| Program Services | 11067 | ProgramServices |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 927143 | Total |
| Program Services | 834429 | ProgramServices |
| Management And General | 92714 | ManagementAndGeneral |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 382007 | Total |
| Program Services | 343806 | ProgramServices |
| Management And General | 38201 | ManagementAndGeneral |
Royalties Royalties
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 504056 | Total |
| Program Services | 435637 | ProgramServices |
| Management And General | 68419 | ManagementAndGeneral |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 162009 | Total |
| Program Services | 145808 | ProgramServices |
| Management And General | 16201 | ManagementAndGeneral |
Travel Entrtnmnt Public Officials TravelEntrtnmntPublicOfficials
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 46202 | Total |
| Program Services | 41582 | ProgramServices |
| Management And General | 4620 | ManagementAndGeneral |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Payments To Affiliates PaymentsToAffiliates
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 339174 | Total |
| Program Services | 305257 | ProgramServices |
| Management And General | 33917 | ManagementAndGeneral |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 356645 | Total |
| Program Services | 320980 | ProgramServices |
| Management And General | 35665 | ManagementAndGeneral |
Other Expenses OtherExpenses (3 entries)
| DescriptionDescription | TotalTotal | Management And GeneralManagementAndGeneral | Program ServicesProgramServices |
|---|---|---|---|
| Entertainment expense | 41447 | 41447 | |
| Director's expense | 37894 | 37894 | |
| All other expenses | 22146 | 2214 | 19932 |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 15475481 | Total |
| Program Services | 13142762 | ProgramServices |
| Management And General | 2332719 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 13566011 | BOY |
| EOY | 11575542 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 13672591 | BOY |
| EOY | 4371951 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 82218 | BOY |
| EOY | 268970 | EOY |
Receivables From Officers Etc ReceivablesFromOfficersEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 375115 | BOY |
| EOY | 426274 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 201533 | BOY |
| EOY | 364906 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 5043588 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 3565622 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1744204 | BOY |
| EOY | 1477966 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 12419544 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 6179367 | BOY |
| EOY | 6016957 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 35821039 | BOY |
| EOY | 36922110 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2598078 | BOY |
| EOY | 2821442 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 177330 | BOY |
| EOY | 164588 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5123360 | BOY |
| EOY | 4834839 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 7898768 | BOY |
| EOY | 7820869 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Do Not Follow SFAS117 | X | DoNotFollowSFAS117 |
Cap Stck Trst Prin Current Funds CapStckTrstPrinCurrentFunds
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 27922271 | BOY |
| EOY | 29101241 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 27922271 | BOY |
| EOY | 29101241 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 35821039 | BOY |
| EOY | 36922110 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | false | AccountantCompileOrReview |
| FS Audited | true | FSAudited |
| Audit Committee | true | AuditCommittee |
| Financial Statement Separate | X | FinancialStatementSeparate |
| Federal Grant Audit Required | false | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org509a2 | X | PubliclySupportedOrg509a2 |
Gross Receipts From Admissions GrossReceiptsFromAdmissions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 60307521 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 4739016 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 51262198 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 25556405 | CurrentTaxYearMinus1Year |
| Current Tax Year | 15372796 | CurrentTaxYear |
| Total | 157237936 | Total |
Total509 Total509
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 60307521 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 4739016 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 51262198 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 25556405 | CurrentTaxYearMinus1Year |
| Current Tax Year | 15372796 | CurrentTaxYear |
| Total | 157237936 | Total |
Amts Recd From Disqual Persons AmtsRecdFromDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 0 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 0 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 0 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 0 | CurrentTaxYearMinus1Year |
| Current Tax Year | 0 | CurrentTaxYear |
| Total | 0 | Total |
Amts From Subst Contributors AmtsFromSubstContributors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 0 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 0 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 0 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 0 | CurrentTaxYearMinus1Year |
| Current Tax Year | 0 | CurrentTaxYear |
| Total | 0 | Total |
Support From DQ Ps Etc SupportFromDQPsEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 0 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 0 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 0 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 0 | CurrentTaxYearMinus1Year |
| Current Tax Year | 0 | CurrentTaxYear |
| Total | 0 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total509 | 157237936 | PublicSupportTotal509 |
Gross Investment Income509 GrossInvestmentIncome509
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 1006611 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 92022 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 851672 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 178160 | CurrentTaxYearMinus1Year |
| Current Tax Year | 1384038 | CurrentTaxYear |
| Total | 3512503 | Total |
Investment Income And UBTI InvestmentIncomeAndUBTI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 1006611 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 92022 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 851672 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 178160 | CurrentTaxYearMinus1Year |
| Current Tax Year | 1384038 | CurrentTaxYear |
| Total | 3512503 | Total |
Net Income From Other UBI NetIncomeFromOtherUBI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 39538 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 0 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 1675 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 0 | CurrentTaxYearMinus1Year |
| Current Tax Year | 0 | CurrentTaxYear |
| Total | 41213 | Total |
Other Income509 OtherIncome509
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 0 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 0 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 60377 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 2186 | CurrentTaxYearMinus1Year |
| Current Tax Year | 77751 | CurrentTaxYear |
| Total | 140314 | Total |
Total Support Total TotalSupportTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 61353670 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 4831038 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 52175922 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 25736751 | CurrentTaxYearMinus1Year |
| Current Tax Year | 16834585 | CurrentTaxYear |
| Total | 160931966 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Percentage509 | 0.97705 | PublicSupportPercentage509 |
| Prior Year Support Percentage | 0.98440 | PriorYearSupportPercentage |
| Investment Income Percentage | 0.02183 | InvestmentIncomePercentage |
| Prior Yr Invest Income Percentage | 0.01490 | PriorYrInvestIncomePercentage |
| Thirty Three Percnt Tests CY509 | X | ThirtyThreePercntTestsCY509 |
| General Explanation | DUE TO A CHANGE IN YEAR-END, A SHORT PERIOD RETURN WAS FILED FOR THE TIME PERIOD JUNE 1, 2007 THROUGH JUNE 30, 2007. THEREFORE, THE YEARS LISTED ON SCHEDULE A, PART III CORRESPOND TO THE TIME FRAMES AS LISTED BELOW: 2009 = JULY 1, 2009 THROUGH JUNE 30, 2010 2008 = JULY 1, 2008 THROUGH JUNE 30, 2009 2007 = JULY 1, 2007 THROUGH JUNE 30, 2008 2006 = JUNE 1, 2007 THROUGH JUNE 30, 2007 2005 = JUNE 1, 2006 THROUGH MAY 31, 2007 | GeneralExplanation |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grassroots Lobbying | TotalGrassrootsLobbying | |
| Total Direct Lobbying | TotalDirectLobbying | |
| Total Lobbying Expenditures | TotalLobbyingExpenditures | |
| Other Exempt Purpose Expenditures | OtherExemptPurposeExpenditures | |
| Total Exempt Purpose Expenditures | TotalExemptPurposeExpenditures | |
| Lobbying Nontaxable | LobbyingNontaxableAmount | |
| Grassroots Nontaxable | GrassrootsNontaxableAmount | |
| Tot Lobbying Grassroot Minus Non Tx | TotLobbyingGrassrootMinusNonTx | |
| Tot Lobby Expend Mns Lobbying Nontx | TotLobbyExpendMnsLobbyingNontx | |
| Volunteers | false | Volunteers |
| Paid Staff Or Management | false | PaidStaffOrManagement |
| Media Advertisements | false | MediaAdvertisements |
| Mailings Members | false | MailingsMembers |
| Publications Or Broadcast | false | PublicationsOrBroadcast |
| Grants Other Organizations | false | GrantsOtherOrganizations |
| Direct Contact Legislators | true | DirectContactLegislators |
| Direct Contact Legislators | $241,781 | DirectContactLegislatorsAmount |
| Rallies Demonstrations | false | RalliesDemonstrations |
| Other Activities | false | OtherActivities |
| Total Lobbying Expenditures IIB | 241781 | TotalLobbyingExpendituresIIB |
| Not Described In501c3 | false | NotDescribedIn501c3 |
Form990 Schedule C Part IV Form990ScheduleCPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Schedule C, Part II-B | Identifier |
| Return Reference | Lobbying | ReturnReference |
| Explanation | Outside lobbyists were hired to advise Brazos on appropriate strategies and actions regarding legislation that would have a harmful impact on Brazos interests. In addition, lobbyists were charged with monitoring the introduction and the progress on legislation/rules that required Brazos compliance in all areas of the business. Legislation issues included budget reconciliation, reauthorization of the Higher Education Act, tax-exempt issues and privacy issues. | Explanation |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Art Public Exhibition Amts | ArtPublicExhibitionAmts | |
| Held Works Of Art Amts | HeldWorksOfArtAmts |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 68000 | OtherCostOrOtherBasis |
| Book Value | 68000 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 1992630 | OtherCostOrOtherBasis |
| Depreciation | 1109788 | Depreciation |
| Book Value | 882842 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Leasehold Improvements | LeaseholdImprovements |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 2982958 | OtherCostOrOtherBasis |
| Depreciation | 2455834 | Depreciation |
| Book Value | 527124 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Land Buildings | OtherLandBuildings | |
| Total Of Book Value Land Buildings | 1477966 | TotalOfBookValueLandBuildings |
Other Assets OtherAssets (3 entries)
| DescriptionDescription | Book ValueBookValue |
|---|---|
| ASSETS HELD IN ESCROW | 4762521 |
| DUE FROM AFFILIATES | 1254245 |
| OTHER ASSETS | 191 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | 6016957 | TotalBookValueOtherAssets |
| Federal Income Tax Liability | 0 | FederalIncomeTaxLiability |
Other Liabilities OtherLiabilities (3 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| Servicing resource reserve | $56,875 |
| PREFUNDED BENEFIT LIABILITY | $4,762,521 |
| Other liabilities | $15,443 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 4834839 | TotalOfAmounts |
| Total Revenue | 16654451 | TotalRevenue |
| Total Expenses | 15475481 | TotalExpenses |
| Excess Or Deficit For Year | 1178970 | ExcessOrDeficitForYear |
| Excess Or Deficit Per FS | 1178970 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 16834585 | TotRevenueEtcAuditedFinclStmt |
| Other Revenues | 180134 | OtherRevenues |
| Revenue Not Rptd F990 | 180134 | RevenueNotRptdF990 |
| Revenue Subtotal | 16654451 | RevenueSubtotal |
| Total Revenue Per Form990 | 16654451 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 15655615 | TotExpensesEtcAuditedFinclStmt |
| Other Expenses Included | 180134 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | 180134 | ExpensesNotRptdF990 |
| Expenses Subtotal | 15475481 | ExpensesSubtotal |
| Total Expenses Per Form990 | 15475481 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Reconciliation of Revenue Per Audited Financial Statements | Identifier |
| Return Reference | Schedule D, Part XII, Line 2d | ReturnReference |
| Explanation | Rental Expenses - $180,134 Reconciliation of Expenses Per Audited Financial Statements Schedule D, Part XIII, Line 2d Rental Expenses - $180,134 Fin 48 THE COMPANY ADOPTED THE ACCOUNTING STANDARD RELATED TO UNCERTAIN TAX POSITIONS ON JULY 1, 2007, WHICH CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN THE COMPANY'S FINANCIAL STATEMENTS AND PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE ADOPTION OF THIS STANDARD HAD NO EFFECT ON THE COMPANY'S FINANCIAL POSITION OR RESULTS OF OPERATIONS. THE COMPANY FILES FEDERAL INCOME TAX RETURNS IN THE UNITED STATES. THE COMPANY MAY BE SUBJECT TO U.S. FEDERAL INCOME TAX EXAMINATIONS FOR THE TAX YEARS ENDING JUNE 30, 2007 AND LATER BY THE INTERNAL REVENUE SERVICE. THE COMPANY IS NOT CURRENTLY UNDER EXAMINATION FOR ANY OPEN TAX YEAR. | Explanation |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | true | RecordsMaintained |
Recipient Table RecipientTable
Recipient Name Business RecipientNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Brazos Education Foundation | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2612 washington avenue | AddressLine1 |
| City | waco | City |
| State | TX | State |
| ZIP Code | 76710 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN Of Recipient | 264562436 | EINOfRecipient |
| IRC Section | 501(C)(3) | IRCSection |
| Amount Of Cash Grant | 185000 | AmountOfCashGrant |
| Purpose Of Grant | Support | PurposeOfGrant |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Nbr Of501 C3 And Govt Grants | 1 | TotalNbrOf501C3AndGovtGrants |
| Total Nbr Of Other Organizations | 0 | TotalNbrOfOtherOrganizations |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Form 990, Schedule I | Identifier |
| Return Reference | Description of Organization's Procedures for Monitoring the Use of Grants | ReturnReference |
| Explanation | Provided related 501(c)(3) organization with grant funds for initial scholarship and administration startup and scholarships to qualified students. Monitoring the use of grant funds is not required. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Travel For Companions | X | TravelForCompanions |
| Club Dues Or Fees | X | ClubDuesOrFees |
| Personal Services | X | PersonalServices |
| Written Policy Re T And E Expenses | true | WrittenPolicyReTAndEExpenses |
| Substantiation Required | true | SubstantiationRequired |
| Compensation Committee | X | CompensationCommittee |
| Independent Consultant | X | IndependentConsultant |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | false | SeverancePayment |
| Supplemental Nonqual Retire Plan | false | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | false | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | false | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | false | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | false | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | false | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | false | AnyNonFixedPayments |
| Initial Contract Exception | false | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII (18 entries)
| Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tammy Harralson | |||||||||||||
| 110802 | 0 | 49633 | 0 | 10608 | 0 | 17680 | 0 | 11918 | 0 | 200641 | 0 | 0 | 0 |
| David Horner | |||||||||||||
| 203333 | 0 | 124886 | 0 | 22000 | 0 | 24500 | 0 | 22927 | 0 | 397646 | 0 | 0 | 0 |
| Randall Larson | |||||||||||||
| 143027 | 0 | 59481 | 0 | 0 | 0 | 12300 | 0 | 22667 | 0 | 237475 | 0 | 0 | 0 |
| Michael Macomber | |||||||||||||
| 188149 | 0 | 122633 | 0 | 22000 | 0 | 24500 | 0 | 23761 | 0 | 381043 | 0 | 0 | 0 |
| Ellis Tredway | |||||||||||||
| 168545 | 0 | 105279 | 0 | 22000 | 0 | 24500 | 0 | 11596 | 0 | 331920 | 0 | 0 | 0 |
| Ricky Turman | |||||||||||||
| 283500 | 0 | 163950 | 0 | 17719 | 0 | 24500 | 0 | 4941 | 0 | 494610 | 0 | 0 | 0 |
| kelli Villarrial | |||||||||||||
| 145720 | 0 | 50381 | 0 | 4467 | 0 | 12406 | 0 | 6554 | 0 | 219528 | 0 | 0 | 0 |
| Murray Watson | |||||||||||||
| 534875 | 0 | 446138 | 0 | 41397 | 0 | 24500 | 0 | 5434 | 0 | 1052344 | 0 | 0 | 0 |
| Janice White | |||||||||||||
| 109891 | 0 | 47097 | 0 | 24204 | 0 | 16672 | 0 | 3956 | 0 | 201820 | 0 | 0 | 0 |
| Suzanne Young | |||||||||||||
| 78523 | 0 | 38491 | 0 | 18850 | 0 | 13481 | 0 | 5112 | 0 | 154457 | 0 | 0 | 0 |
| Sam Redden | |||||||||||||
| 145635 | 0 | 64833 | 0 | 22000 | 0 | 23776 | 0 | 11448 | 0 | 267692 | 0 | 0 | 0 |
| Debra Urias | |||||||||||||
| 90331 | 44244 | 16500 | 15480 | 9885 | 176440 | ||||||||
| Milicent Larson | |||||||||||||
| 69316 | 0 | 34908 | 0 | 0 | 0 | 10430 | 0 | 6238 | 0 | 120892 | 0 | 0 | 0 |
| Henry Stoever | |||||||||||||
| 155463 | 0 | 570 | 0 | 16500 | 0 | 17265 | 0 | 6275 | 0 | 196073 | 0 | 0 | 0 |
| John M Wright | |||||||||||||
| 101467 | 0 | 47823 | 0 | 16525 | 0 | 16281 | 0 | 5916 | 0 | 188012 | 0 | 0 | 0 |
| Sarah MacCarthy | |||||||||||||
| 112010 | 0 | 32667 | 0 | 9237 | 0 | 15391 | 0 | 6157 | 0 | 175462 | 0 | 0 | 0 |
| Mike Abdelnour | |||||||||||||
| 108534 | 0 | 30759 | 0 | 4367 | 0 | 8891 | 0 | 4825 | 0 | 157376 | 0 | 0 | 0 |
| Justin Green | |||||||||||||
| 101163 | 0 | 37264 | 0 | 1952 | 0 | 6758 | 0 | 5400 | 0 | 152537 | 0 | 0 | 0 |
Form990 Schedule J Part III Form990ScheduleJPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Supplemental Compensation Information | Identifier |
| Explanation | Travel for companions - The following individuals received spousal travel benefits which were reported as taxable compensation on Form 1099 - Bob Chambers, David F. Smith and Norman L. Hay, Jr. Social Club dues - Paid for Murray Watson, President & Ellis Treadway, Executive Vice President. These were used for Business meetings. These amounts were not included in taxable compensation. Personal Services - A personal driver is provided for Murray Watson, President. The Company provides a part-time employee to provide transportation during working hours. These amounts were not included in taxable compensation. | Explanation |
Schedule L IRS990ScheduleL
Loan Table LoanTable
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | MURRAY WATSON JR | NamePerson |
| Purpose Of Loan | PERSONAL LIFE INSUR | PurposeOfLoan |
| Loan From Organization | X | LoanFromOrganization |
| Original Principal | $2,340 | OriginalPrincipalAmount |
| Balance Due | 426274 | BalanceDue |
| Default | false | Default |
| Approved By Board | true | ApprovedByBoard |
| Written Agreement | true | WrittenAgreement |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Balance Due | 426274 | TotalBalanceDue |
Form990 Schedule L Part IV Form990ScheduleLPartIV
Name Of Interested Person NameOfInterestedPerson
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | MURRAY WATSON Associates | NamePerson |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship | Murray Watson, officer | Relationship |
| Amount Of Transaction | 437488 | AmountOfTransaction |
| Description Of Transaction | LEGAL FEES | DescriptionOfTransaction |
| Sharing Of Revenues | false | SharingOfRevenues |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Supplemental Information | Identifier |
| Return Reference | Form 990, Part VI, Question 2 | ReturnReference |
| Explanation | Description of Relationships Murry Watson, Jr., Randall Larson, Milicent Larson have a family relationship. Ray Rushing and Murray Watson, Jr. have a business relationship. Form 990, Part VI, Question 11 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 posted on a secure website for review by the board of directors. The Board is notified of the posting and asked to provide comments or questions. Form 990, Part VI, Question 12c Description of Process to Monitor Transactions for Conflicts of Interest The internal audit department annually prepares a conflict of interest survey. This survey is designed for, a) board members, officers, directors, and key employees, and b) all other employees. The internal audit department reviews the responses from each group and identifies potential conflicts based on criteria provided in the Conflict Of Interest (COI) policy. These conflicts, if considered material, are tabulated and provided to the board of directors for review and resolution. If these conflicts are considered immaterial, these are provided to executive management for review and resolution. Form 990, Part VI, Question 15a Offices & Positions for Which Process was Used, & Year Process was Begun Brazos Higher Education Service Corporation's Board of Directors uses an independent third party to review the President's compensation. The third party reviews each element of compensation to ensure it is in compliance with IRS regulations as well as compares the compensation to other comparable entities to determine it is in line with their compensation amounts. The salary is reviewed and approved by the board of directors. Form 990, Part VI, Question 15b Offices & Positions for Which Process was Used, & Year Process was Begun 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 whether 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 Governing documents, conflict of interest policy, and financial statements are available to the general public on request. Schedule L, Part II Loans to and/or From Interested Persons Personal life insurance for Mr. Watson and his spouse. BHESC pays premiums for a life insurance policy owned by Murray Watson and his spouse. The agreement between the company and Mr. Watson is the loan is due and payable at the death of both him and his spouse, payable from the estate. Interest on the loan is calculated and included in Mr. Watson's annual W-2 as taxable income. 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 existing FFELP loans held by affiliated entities for which BHESC serves as master servicer. | Explanation |
Schedule R IRS990ScheduleR
Form990 Schedule R Part II Form990ScheduleRPartII (25 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EINEIN | Primary ActivitiesPrimaryActivities | Legal Domicile StateLegalDomicileState | Exempt Code SectionExemptCodeSection | Public Charity StatusPublicCharityStatus |
|---|---|---|---|---|---|---|---|---|
| Acapita Education Finance Corporation | ||||||||
| PO BOX 1308 | WACO | TX | 76703 | 742542435 | fund std lns | TX | 501(c)(3) | 9 |
| Brazos Loan Servicing Inc | ||||||||
| 2600 WASHINGTON AVENUE | WACO | TX | 76710 | 742541542 | fund std lns | TX | 501(c)(3) | 9 |
| Brazos Higher Education Authority Inc | ||||||||
| PO BOX 1308 | WACO | TX | 76703 | 742099402 | fund std lns | TX | 501(c)(3) | 11 type 1 |
| Bosque Higher Education Authority Inc | ||||||||
| PO BOX 1308 | WACO | TX | 76703 | 742534099 | fund std lns | TX | 501(c)(3) | 9 |
| Brazos Student Finance Corporation | ||||||||
| PO BOX 1308 | WACO | TX | 76703 | 742356109 | fund std lns | TX | 501(c)(3) | 9 |
| EdInvest Company | ||||||||
| 2600 WASHINGTON AVENUE | WACO | TX | 76710 | 742537669 | fund std lns | TX | 501(c)(3) | 9 |
| Educational Funding Services Inc | ||||||||
| PO BOX 1308 | WACO | TX | 76703 | 330947525 | fund std lns | CA | 501(c)(3) | 9 |
| Federated Student Finance Corporation | ||||||||
| 2600 WASHINGTON AVENUE | WACO | TX | 76710 | 742536239 | fund std lns | TX | 501(c)(3) | 9 |
| Atlantic Student Finance Corporation | ||||||||
| 2600 WASHINGTON AVENUE | WACO | TX | 76710 | 205412189 | fund std lns | FL | 501(c)(3) | 7 |
| Trinity Higher Education Authority Inc | ||||||||
| 2600 WASHINGTON AVENUE | WACO | TX | 76710 | 742534486 | fund std lns | TX | 501(c)(3) | 9 |
| Angelina Higher Education Authority | ||||||||
| 2600 WASHINGTON AVENUE | WACO | TX | 76710 | 200115078 | fund std lns | TX | 501(c)(3) | 9 |
| Concho Higher Education Authority Inc | ||||||||
| 2600 WASHINGTON AVENUE | WACO | TX | 76710 | 203870081 | fund std lns | TX | 501(c)(3) | 9 |
| Frio Higher Education Authority Inc | ||||||||
| 2600 WASHINGTON AVENUE | WACO | TX | 76710 | 203870120 | fund std lns | TX | 501(c)(3) | 9 |
| Lavaca Higher Education Authority Inc | ||||||||
| 2600 WASHINGTON AVENUE | WACO | TX | 76710 | 203870153 | fund std lns | TX | 501(c)(3) | 9 |
| Leon Higher Education Authority Inc | ||||||||
| 2600 WASHINGTON AVENUE | WACO | TX | 76710 | 203870176 | fund std lns | TX | 501(c)(3) | 9 |
| Llano Higher Education Authority Inc | ||||||||
| 2600 WASHINGTON AVENUE | WACO | TX | 76710 | 203870219 | fund std lns | TX | 501(c)(3) | 9 |
| Neches Higher Education Authority Inc | ||||||||
| 2600 WASHINGTON AVENUE | WACO | TX | 76710 | 203868073 | fund std lns | TX | 501(c)(3) | 9 |
| Paluxy Higher Education Authority Inc | ||||||||
| 2600 WASHINGTON AVENUE | WACO | TX | 76710 | 203868139 | fund std lns | TX | 501(c)(3) | 9 |
| Rozell Higher Education Authority Inc | ||||||||
| 2600 WASHINGTON AVENUE | WACO | TX | 76710 | 203867891 | fund std lns | TX | 501(c)(3) | 9 |
| Sabine Higher Education Authority Inc | ||||||||
| 2600 WASHINGTON AVENUE | WACO | TX | 76710 | 203868185 | fund std lns | TX | 501(c)(3) | 9 |
| Texoma Higher Education Authority Inc | ||||||||
| 2600 WASHINGTON AVENUE | WACO | TX | 76710 | 203868230 | fund std lns | TX | 501(c)(3) | 9 |
| Brazos Education Foundation Inc | ||||||||
| 2612 WASHINGTON AVENUE | WACO | TX | 76710 | 264562436 | grant making | TX | 501(c)(3) | 7 |
| Academic Finance Corporation | ||||||||
| PO BOX 1308 | WACO | TX | 76703 | 742540458 | fund std lns | TX | 501(c)(3) | 9 |
| Education Servicing Mgmt Corporation | ||||||||
| 2600 WASHINGTON AVENUE | WACO | TX | 76710 | 203870046 | fund std lns | TX | 501(c)(3) | 9 |
| Brazos Education Finance Corporation In | ||||||||
| 2600 WASHINGTON AVENUE | WACO | TX | 76710 | 742539632 | fund std lns | TX | 501(c)(3) | 11 type 1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | false | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | true | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | false | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | false | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | false | LoansOrGuaranteesFromOtherOrg |
| Sale Of Assets To Other Org | false | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | true | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | false | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | false | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | false | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | true | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | false | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | false | SharingOfFacilities |
| Sharing Of Paid Employees | true | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | true | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | true | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | false | OtherTransferToOtherOrg |
| Other Transfer From Other Org | false | OtherTransferFromOtherOrg |
Transactions Related Orgs Table TransactionsRelatedOrgsTable (12 entries)
| Transaction TypeTransactionType | Amount InvolvedAmountInvolved |
|---|---|
| Brazos Higher Education Authority Inc | |
| g | 80892 |
| Educational Funding Services Inc | |
| g | 81434 |
| Brazos Higher Education Authority Inc | |
| k | 10959199 |
| Brazos Student Finance Corporation | |
| k | 2902880 |
| Bosque Higher Education Authority Inc | |
| k | 122643 |
| Federated Student Finance Corporation | |
| k | 202836 |
| EdInvest Company | |
| k | 421351 |
| Acadimic Finance Corporation | |
| k | 89177 |
| Educational Funding Services Inc | |
| k | 479605 |
| BRAZOS EDUCATION FOUNDATION | |
| n | 120892 |
| Bosque Higher Education Authority Inc | |
| r | 336888 |
| Brazos Education Foundation | |
| b | 185000 |