Civic Intelligence

Brazos Education Loan Authority Inc.

990 • Fiscal year 2020 • EIN 20-3868073

Jul 01, 2019 to Jun 30, 2020 • Filed on Nov 17, 2020

Organization Profilewww.studentloans.com
2600 Washington AveWaco, TX 76710

(254) 753-0915

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

91st percentile

0.84x

Higher debt load relative to assets than 91% of similar nonprofits.

2020 filings • 501(c)3 • $1B+ nonprofits • Source year 2020

Liabilities / Revenue

98th percentile

21.82x

Higher debt load relative to revenue than 98% of similar nonprofits.

2020 filings • 501(c)3 • $1B+ nonprofits • Source year 2020

Net Margin

25th percentile

0.8%

Higher net margin than 25% of similar nonprofits.

2020 filings • 501(c)3 • $1B+ nonprofits • Source year 2020

Top Officer Pay

18th percentile

$729,589

Higher top officer pay than 18% of similar nonprofits.

Top officer pay equals 1.0% of source-year revenue.

2020 filings • 501(c)3 • $1B+ nonprofits • Source year 2020

Asset Growth

2nd percentile

-11%

Faster asset growth than 2% of similar nonprofits.

2020 filings • 501(c)3 • $1B+ nonprofits • Annualized from 2019 to 2020

Revenue Growth

8th percentile

-24%

Faster revenue growth than 8% of similar nonprofits.

2020 filings • 501(c)3 • $1B+ nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets91st percentile

Assets

Down

$1,824,870,580

Down $221,949,869 (-11%) from 2019

Net Assets

Up

$296,274,242

Up $541,811 (+0.2%) from 2019

Liabilities

Down

$1,528,596,338

Down $222,491,680 (-13%) from 2019

Revenue And Expenses
Liabilities / Revenue98th percentileNet Margin25th percentile

Revenue

Down

$70,060,804

Down $21,592,657 (-24%) from 2019

Expenses

Down

$69,520,585

Down $18,784,245 (-21%) from 2019

Net Income

Down

$540,219

Down $2,808,412 (-84%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth2nd percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$4.0B$3.0B$2.0B$1.0B$0-$1.0BAssets 2013: $97,593,110Liabilities 2013: $99,356,965Net Assets 2013: -$1,763,8552013Assets 2014: $87,230,417Liabilities 2014: $87,413,759Net Assets 2014: -$183,3422014Assets 2015: $3,086,968,371Liabilities 2015: $2,833,777,120Net Assets 2015: $253,191,2512015Assets 2016: $2,770,528,521Liabilities 2016: $2,497,929,666Net Assets 2016: $272,598,8552016Assets 2017: $2,482,136,677Liabilities 2017: $2,198,044,015Net Assets 2017: $284,092,6622017Assets 2018: $2,228,524,710Liabilities 2018: $1,936,152,910Net Assets 2018: $292,371,8002018Assets 2019: $2,046,820,449Liabilities 2019: $1,751,088,018Net Assets 2019: $295,732,4312019Assets 2020: $1,824,870,580Liabilities 2020: $1,528,596,338Net Assets 2020: $296,274,2422020Assets 2021: $1,635,844,964Liabilities 2021: $1,336,214,882Net Assets 2021: $299,630,0822021Assets 2022: $1,464,923,579Liabilities 2022: $1,192,665,537Net Assets 2022: $272,258,0422022Assets 2023: $1,149,527,962Liabilities 2023: $918,851,091Net Assets 2023: $230,676,8712023Assets 2024: $983,165,176Liabilities 2024: $749,962,943Net Assets 2024: $233,202,2332024Assets 2025: $815,478,066Liabilities 2025: $578,418,227Net Assets 2025: $237,059,8392025

Highlighted filing

2020

Assets$1,824,870,580
Liabilities$1,528,596,338
Net Assets$296,274,242
Open 2020 Filing

Operations Trend

Revenue Growth8th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$100M$50M$0Expenses 2013: $2,383,4002013Revenue 2014: $4,386,211Expenses 2014: $2,805,698Net Income 2014: $1,580,5132014Revenue 2015: $40,950,985Expenses 2015: $30,337,368Net Income 2015: $10,613,6172015Revenue 2016: $87,465,746Expenses 2016: $68,058,143Net Income 2016: $19,407,6032016Revenue 2017: $83,129,641Expenses 2017: $71,635,834Net Income 2017: $11,493,8072017Revenue 2018: $86,050,416Expenses 2018: $77,771,278Net Income 2018: $8,279,1382018Revenue 2019: $91,653,461Expenses 2019: $88,304,830Net Income 2019: $3,348,6312019Revenue 2020: $70,060,804Expenses 2020: $69,520,585Net Income 2020: $540,2192020Revenue 2021: $48,404,899Expenses 2021: $45,049,059Net Income 2021: $3,355,8402021Revenue 2022: $48,416,543Expenses 2022: $38,501,714Net Income 2022: $9,914,8292022Revenue 2023: $80,022,743Expenses 2023: $68,132,128Net Income 2023: $11,890,6152023Revenue 2024: $88,224,410Expenses 2024: $73,869,660Net Income 2024: $14,354,7502024Revenue 2025: $62,053,242Expenses 2025: $51,195,636Net Income 2025: $10,857,6062025

Highlighted filing

2020

Revenue$70,060,804
Expenses$69,520,585
Net Income$540,219
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Nov 17, 2020
Return Version
2019v5.1
Gross Receipts
$70,060,804
Mission and Program Overview

Mission

Brazos education loan authority, inc.'s mission is to make education a reality by supporting programs and initiatives to finance educational opportunities.

Brazos education loan authority's mission is to make education a reality by supporting programs and initiatives to finance educational opportunities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$1,962,223,286$1,744,917,208▼ $217,306,078
Cap Stk Tr Prin Current Funds$295,732,431$296,274,242▲ $541,811
Savings and Temporary Cash Investments$32,446,158$29,114,000▼ $3,332,158
Intangible Assets$3,834,024$3,371,515▼ $462,509
Cash and Non-Interest-Bearing Accounts$0$0→ $0
Accounts Receivable$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Land, Buildings, and Equipment, Net$0$0→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$2,046,820,449$1,824,870,580▼ $221,949,869
Other Assets Total$48,316,981$47,467,857▼ $849,124
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,747,461,775$1,526,387,594▼ $221,074,181
Accounts Payable and Accrued Expenses$3,626,243$2,208,744▼ $1,417,499
Grants Payable$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$1,751,088,018$1,528,596,338▼ $222,491,680
Net Assets / Fund Balance
Total Net Assets Fund Balance$295,732,431$296,274,242▲ $541,811
Total Liabilities and Net Assets / Fund Balance$2,046,820,449$1,824,870,580▼ $221,949,869
Compensation and Service Providers
Top Officer Pay18th percentile

Employees

NameTitleOtherTotal
Susan DavisSecretary$122,947$122,947

Board Members and Trustees

NameTitle
Thomas Ben LitlePresident/CEO
Bob ChambersDirector
Claude ErvinDirector
Clement MilamDirector
Dr Terry ManessDirector
Mrs Joyce PackardDirector
Peter KultgenDirector
Tom ChaseDirector
Darrell BrooksAssistant Treasurer
Tammy HarralsonController
Ricky TurmanEvp/COO/CFO/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$69,259,112
Investment Income
$801,692
Other Revenue
$0
Change in Net Assets
$540,219

Audited Revenue Reconciliation

Revenue per Audited Statements
$70,060,804
Revenue Not Reported on Form 990
$-19,560,990
Total Revenue per Audited Statements
$50,499,814
Total Revenue per Form 990
$70,060,804
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$69,520,585
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$45,121,254--$45,121,254
Fees for Services Management$1,937,597--$1,937,597
Depreciation Depletion$462,510--$462,510
Other Expenses$85,995--$85,995
Fees for Services Other$65,666--$65,666
All Other Expenses$9,296--$9,296
Total Functional Expenses$69,520,585$0$0$69,520,585

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$69,520,585
Expenses per Audited Statements$49,959,595
Total Expenses per Audited Statements$49,959,595
Expenses Not Reported on Financial Statements$19,560,990
Other Expense Adjustments$19,560,990
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 1A

“Delegation of authority: the executive committee shall consist of three members of the board of directors. The executive committee shall, between meetings of the board, have administrative control over all matters of the corporation. Form 990, part vi, section a, line 3 delegation of duties: brazos education loan authority, inc. (bela) has a contract with brazos higher education service corporation, inc. To perform management and administration services on bela's behalf. This includes master servicing administration for the outstanding student loans held by brazos education loan authority, inc. The services include, but are not limited to: accounting, reporting, servicing, originating, marketing, treasury, and compliance monitoring of the student loans held by brazos education loan authority, inc.”

Form 990, Part VI, Section B, Line 11B

“Process to review form 990: the form 990 is provided to senior management for review. After this 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. Comments or questions are investigated and resolved or disclosed to the board. Upon completion of the process, the return is filed.”

Form 990, Part VI, Section B, Line 12C

“Process for monitoring conflict of interest policy: the compliance department prepares and distributes a conflict of interest questionnaire to all board members and employees annually. The compliance department reviews the questionnaires and compiles a list of potential conflicts for review by the audit committee, senior management, and the board of directors. Potential conflicts are assessed and resolved if determined to be at risk. If a conflict is found to exist, the conflicted board member abstains from voting. Form 990, part vi, section b, line 15 process for determining compensation: the compensation of the ceo (or executive director, as applicable), officers, and key employees of the brazos education loan authority, inc. Is paid by a related organization, and is determined under the policies of the respective related organization.”

Form 990, Part VI, Section C, Line 19

“Process for making documents available: the organization's governing documents, conflict of interest policy and financial statements are available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Brazos Education Loan Authority Inc
EIN
20-3868073
In Care Of
% RICKY TURMAN EVP/COO/CFO/TR
Phone
2547530915
Address
2600 Washington Ave, Waco, TX 76710

Signing Officer

Name
Ricky Turman
Title
Evp/COO/CFO/treasure
Phone
2547530915
Signed
2020-11-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ricky Turman
Formed
2005
Legal Domicile
TX
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
7

Preparer

Firm
Bkd Llp
Address
14241 DALLAS PARKWAY SUITE 1100, DALLAS, TX 75254
Preparer
Jeanette Verrelli
Phone
9727028262
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

“Other changes in fund balances: Estate Contribution $369,597 Estate Distribution ($368,005) -------------- Total $1,592”

Financial Statement Notes

Schedule D, Part X, Line 2

“Liability for uncertain tax positions: the authority is a not-for-profit public benefit corporation which is exempt from federal income taxes under section 501(a) of the internal revenue code as an organization described in section 501(c)(3). The authority is also exempt from state income tax. Income which is not related to its exempt purposes, less applicable deductions, is subject to federal income taxes. The authority had no net unrelated business income for the years ended june 30, 2020 and 2019. As such, no provision for federal or state income taxes has been provided in the accompanying financial statements. The authority files federal information returns in the united states. The authority may be subject to examination for the tax year ended june 30, 2017 and later by the internal revenue service. The authority is not currently under examination for any open tax year. The authority follows the accounting standard related to the accounting for uncertainty in income taxes recognized in the authority's financial statements. The standard 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 authority currently does not have any uncertain tax positions.”

Schedule D, Part XI, Line 2D

“Reconciliation of Revenue per audited financials with return: Department of Education Rebate Fees $(19,560,990)”

Schedule D, Part XII, Line 4B

“Reconciliation of expenses per audited financials with return: Department of Education Rebate Fees $19,560,990”

Raw XML AppendixShowing 400 of 766 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt03626243
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt02208744
IRS990/AccountsReceivableGrp/BOYAmt00
IRS990/AccountsReceivableGrp/EOYAmt00
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0BRAZOS EDUCATION LOAN AUTHORITY'S MISSION IS TO MAKE EDUCATION A REALITY BY SUPPORTING PROGRAMS AND INITIATIVES TO FINANCE EDUCATIONAL OPPORTUNITIES.
IRS990/AdvertisingGrp/TotalAmt00
IRS990/AllOtherExpensesGrp/ProgramServicesAmt09296
IRS990/AllOtherExpensesGrp/TotalAmt09296
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BenefitsToMembersGrp/TotalAmt00
IRS990/BooksInCareOfDetail/PersonNm0RICKY TURMAN EVPCOOCFOTR
IRS990/BooksInCareOfDetail/PhoneNum02547530915
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt02600 WASHINGTON AVE
IRS990/BooksInCareOfDetail/USAddress/CityNm0WACO
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0TX
IRS990/BooksInCareOfDetail/USAddress/ZIPCd076710
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt0295732431
IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt0296274242
IRS990/CashNonInterestBearingGrp/BOYAmt00
IRS990/CashNonInterestBearingGrp/EOYAmt00
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt00
IRS990/CompDisqualPersonsGrp/TotalAmt00
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConferencesMeetingsGrp/TotalAmt00
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CostOfGoodsSoldAmt00
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0801692
IRS990/CYOtherExpensesAmt069520585
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt069259112
IRS990/CYRevenuesLessExpensesAmt0540219
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt069520585
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt070060804
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DeferredRevenueGrp/BOYAmt00
IRS990/DeferredRevenueGrp/EOYAmt00
IRS990/DelegationOfMgmtDutiesInd0true
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0462510
IRS990/DepreciationDepletionGrp/TotalAmt0462510
IRS990/Desc0BRAZOS EDUCATION LOAN AUTHORITY SERVICED OVER 141,000 LOANS TOTALINg OVER $1.7 BILLION UNDER THE TITLE IV FEDERAL FAMILY EDUCATION LOAN PROGRAM (FFELP). THESE LOANS WERE FUNDED THROUGH PERMANENT FINANCINGS.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/EscrowAccountLiabilityGrp/BOYAmt00
IRS990/EscrowAccountLiabilityGrp/EOYAmt00
IRS990/ExpenseAmt069520585
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditPerformedInd0true
IRS990/FederalGrantAuditRequiredInd0true
IRS990/FeesForServicesAccountingGrp/TotalAmt00
IRS990/FeesForServicesLegalGrp/TotalAmt00
IRS990/FeesForServicesLobbyingGrp/TotalAmt00
IRS990/FeesForServicesManagementGrp/ProgramServicesAmt01937597
IRS990/FeesForServicesManagementGrp/TotalAmt01937597
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt065666
IRS990/FeesForServicesOtherGrp/TotalAmt065666
IRS990/FeesForServicesProfFundraising/TotalAmt00
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt00
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignGrantsGrp/TotalAmt00
IRS990/ForeignOfficeInd0false
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt039.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt139.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt239.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt339.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt439.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt58.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt68.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt78.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt88.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt98.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt108.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt118.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt71.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt81.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt91.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt101.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt111.0
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt066167
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt170150
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt254326
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt341293
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt429386
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/PersonNm0THOMAS BEN LITLE
IRS990/Form990PartVIISectionAGrp/PersonNm1RICKY TURMAN
IRS990/Form990PartVIISectionAGrp/PersonNm2TAMMY HARRALSON
IRS990/Form990PartVIISectionAGrp/PersonNm3DARRELL BROOKS
IRS990/Form990PartVIISectionAGrp/PersonNm4SUSAN DAVIS
IRS990/Form990PartVIISectionAGrp/PersonNm5CLAUDE ERVIN
IRS990/Form990PartVIISectionAGrp/PersonNm6BOB CHAMBERS
IRS990/Form990PartVIISectionAGrp/PersonNm7TOM CHASE
IRS990/Form990PartVIISectionAGrp/PersonNm8PETER KULTGEN
IRS990/Form990PartVIISectionAGrp/PersonNm9DR TERRY MANESS
IRS990/Form990PartVIISectionAGrp/PersonNm10MRS JOYCE PACKARD
IRS990/Form990PartVIISectionAGrp/PersonNm11CLEMENT MILAM
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt0663422
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt1558431
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt2212939
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt3161313
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt493561
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT/CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt1EVP/COO/CFO/TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt2CONTROLLER
IRS990/Form990PartVIISectionAGrp/TitleTxt3ASSISTANT TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11Director
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr02005
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/FundraisingDirectExpensesAmt00
IRS990/FundraisingGrossIncomeAmt00
IRS990/GamingActivitiesInd0false
IRS990/GamingDirectExpensesAmt00
IRS990/GamingGrossIncomeAmt00
IRS990/GoverningBodyVotingMembersCnt07
IRS990/GrantsPayableGrp/BOYAmt00
IRS990/GrantsPayableGrp/EOYAmt00
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt070060804
IRS990/GrossSalesOfInventoryAmt00
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0true
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt07
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InsuranceGrp/TotalAmt00
IRS990/IntangibleAssetsGrp/BOYAmt03834024
IRS990/IntangibleAssetsGrp/EOYAmt03371515
IRS990/InterestGrp/ProgramServicesAmt045121254
IRS990/InterestGrp/TotalAmt045121254
IRS990/InventoriesForSaleOrUseGrp/BOYAmt00
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/ExclusionAmt0801692
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0801692
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt00
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/BOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/IRPDocumentCnt01
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipBasisNetGrp/BOYAmt00
IRS990/LandBldgEquipBasisNetGrp/EOYAmt00
IRS990/LegalDomicileStateCd0TX
IRS990/LoanOutstandingInd0false
IRS990/LoansFromOfficersDirectorsGrp/BOYAmt00
IRS990/LoansFromOfficersDirectorsGrp/EOYAmt00
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0BRAZOS EDUCATION LOAN AUTHORITY (BELA) IS A SECONDARY MARKET OF COLLEGE STUDENT LOANS UNDER THE FEDERAL FAMILY EDUCATION LOAN PROGRAM (FFELP). BELA'S MISSION IS TO MAKE EDUCATION A REALITY BY SUPPORTING PROGRAMS AND INITIATIVES TO FINANCE EDUCATIONAL OPPORTUNITIES.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt01747461775
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt01526387594
IRS990/NetAssetsOrFundBalancesBOYAmt0295732431
IRS990/NetAssetsOrFundBalancesEOYAmt0296274242
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt00
IRS990/OfficeExpensesGrp/TotalAmt00
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt048316981
IRS990/OtherAssetsTotalGrp/EOYAmt047467857
IRS990/OtherChangesInNetAssetsAmt01592
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0Dept of Education Rebate Fee
IRS990/OtherExpensesGrp/Desc1Servicing Expense
IRS990/OtherExpensesGrp/Desc2Trustee Fee Expense
IRS990/OtherExpensesGrp/Desc3Bad Debt Expense
IRS990/OtherExpensesGrp/ProgramServicesAmt019560990
IRS990/OtherExpensesGrp/ProgramServicesAmt12071737
IRS990/OtherExpensesGrp/ProgramServicesAmt2205540
IRS990/OtherExpensesGrp/ProgramServicesAmt385995
IRS990/OtherExpensesGrp/TotalAmt019560990
IRS990/OtherExpensesGrp/TotalAmt12071737
IRS990/OtherExpensesGrp/TotalAmt2205540
IRS990/OtherExpensesGrp/TotalAmt385995
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherLiabilitiesGrp/EOYAmt00
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt01962223286
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt01744917208
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0RICKY TURMAN
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0522294
IRS990/ProgramServiceRevenueGrp/BusinessCd1522294
IRS990/ProgramServiceRevenueGrp/Desc0Interest on Student Loans
IRS990/ProgramServiceRevenueGrp/Desc1Late Fees
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt068716349
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1542763
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt068716349
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1542763
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt01541094
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt088304830
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt090112367
IRS990/PYRevenuesLessExpensesAmt03348631
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt088304830
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt091653461
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0540219
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0true
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt069259112
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt032446158
IRS990/SavingsAndTempCashInvstGrp/EOYAmt029114000
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt00
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0801692
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt01541094
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0995061
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0386612
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt055110
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt03779569
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt069259112
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt090112367
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt085055355
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt082743029
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt087410636
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0414580499
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0801692
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt01541094
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0995061
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0386612
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt055110
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt03779569
IRS990ScheduleA/InvestmentIncomeCYPct00.00903
IRS990ScheduleA/InvestmentIncomePYPct00.00766
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99097
IRS990ScheduleA/PublicSupportPY509Pct00.99234
IRS990ScheduleA/PublicSupportTotal509Amt0414580499
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt069259112
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt090112367
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt085055355
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt082743029
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt087410636
IRS990ScheduleA/Total509Grp/TotalAmt0414580499
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt070060804
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt091653461

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,824,870,580
Liabilities
$1,528,596,338
Net assets
$296,274,242
Revenue
$70,060,804
Expenses
$69,520,585
Net income
$540,219
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$815$578$237$62.1$51.2$10.9
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$983$750$233$88.2$73.9$14.4
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1,150$919$231$80.0$68.1$11.9
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1,465$1,193$272$48.4$38.5$9.91
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$1,636$1,336$300$48.4$45.0$3.36
2020Detailed filing. Detailed filing data is available for this year.$1,825$1,529$296$70.1$69.5$0.54
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2,047$1,751$296$91.7$88.3$3.35
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$2,229$1,936$292$86.1$77.8$8.28
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2,482$2,198$284$83.1$71.6$11.5
2016Detailed filing. Detailed filing data is available for this year.$2,771$2,498$273$87.5$68.1$19.4
2015Detailed filing. Detailed filing data is available for this year.$3,087$2,834$253$41.0$30.3$10.6
2014Detailed filing. Detailed filing data is available for this year.$87.2$87.4$0.18$4.39$2.81$1.58
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$97.6$99.4$1.76$2.38