Civic Intelligence

Brazos Higher Education Authority Inc.

990 • Fiscal year 2015 • EIN 74-2099402

Jul 01, 2014 to Jun 30, 2015 • Filed on Feb 08, 2016

Organization ProfileWWW.BRAZOS.US.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

96th percentile

1.00x

Higher debt load relative to assets than 96% of similar nonprofits.

2015 filings • 501(c)3 • $1B+ nonprofits • Source year 2015

Liabilities / Revenue

97th percentile

19.43x

Higher debt load relative to revenue than 97% of similar nonprofits.

2015 filings • 501(c)3 • $1B+ nonprofits • Source year 2015

Net Margin

83rd percentile

24%

Higher net margin than 83% of similar nonprofits.

2015 filings • 501(c)3 • $1B+ nonprofits • Source year 2015

Top Officer Pay

31st percentile

$1,085,968

Higher top officer pay than 31% of similar nonprofits.

Top officer pay equals 0.9% of source-year revenue.

2015 filings • 501(c)3 • $1B+ nonprofits • Source year 2015

Asset Growth

1st percentile

-61%

Faster asset growth than 1% of similar nonprofits.

2015 filings • 501(c)3 • $1B+ nonprofits • Annualized from 2014 to 2015

Revenue Growth

3rd percentile

-33%

Faster revenue growth than 3% of similar nonprofits.

2015 filings • 501(c)3 • $1B+ nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets96th percentile

Assets

Down

$2,336,948,535

Down $3,706,170,989 (-61%) from 2014

Net Assets

Down

-$7,571,054

Down $214,223,201 (-104%) from 2014

Liabilities

Down

$2,344,519,589

Down $3,491,947,788 (-60%) from 2014

Revenue And Expenses
Liabilities / Revenue97th percentileNet Margin83rd percentile

Revenue

Down

$120,637,832

Down $58,631,197 (-33%) from 2014

Expenses

Down

$92,100,053

Down $40,253,438 (-30%) from 2014

Net Income

Down

$28,537,779

Down $18,377,759 (-39%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth1st percentile

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

$10B$5.0B$0-$5.0BAssets 2010: $7,909,001,784Liabilities 2010: $7,834,952,049Net Assets 2010: $74,049,7352010Assets 2011: $8,495,044,457Liabilities 2011: $8,418,102,563Net Assets 2011: $76,941,8942011Assets 2012: $7,688,178,809Liabilities 2012: $7,574,216,280Net Assets 2012: $113,962,5292012Assets 2013: $6,749,156,697Liabilities 2013: $6,589,420,087Net Assets 2013: $159,736,6102013Assets 2014: $6,043,119,524Liabilities 2014: $5,836,467,377Net Assets 2014: $206,652,1472014Assets 2015: $2,336,948,535Liabilities 2015: $2,344,519,589Net Assets 2015: -$7,571,0542015Assets 2016: $2,011,061,961Liabilities 2016: $2,009,602,528Net Assets 2016: $1,459,4332016Assets 2017: $1,736,357,071Liabilities 2017: $1,730,207,057Net Assets 2017: $6,150,0142017Assets 2018: $1,518,790,256Liabilities 2018: $1,506,757,932Net Assets 2018: $12,032,3242018Assets 2019: $1,326,813,826Liabilities 2019: $1,311,486,076Net Assets 2019: $15,327,7502019Assets 2020: $1,274,013,869Liabilities 2020: $1,253,422,873Net Assets 2020: $20,590,9962020Assets 2021: $1,180,982,939Liabilities 2021: $1,153,485,755Net Assets 2021: $27,497,1842021Assets 2022: $991,731,055Liabilities 2022: $963,343,890Net Assets 2022: $28,387,1652022Assets 2023: $798,359,381Liabilities 2023: $758,429,915Net Assets 2023: $39,929,4662023Assets 2025: $510,450,178Liabilities 2025: $482,578,202Net Assets 2025: $27,871,9762025

Highlighted filing

2015

Assets$2,336,948,535
Liabilities$2,344,519,589
Net Assets-$7,571,054
Open 2015 Filing

Operations Trend

Revenue Growth3rd percentile

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

$300M$200M$100M$0-$100MExpenses 2010: $241,240,6922010Expenses 2011: $242,835,2912011Expenses 2012: $221,911,4012012Expenses 2013: $171,769,6442013Revenue 2014: $179,269,029Expenses 2014: $132,353,491Net Income 2014: $46,915,5382014Revenue 2015: $120,637,832Expenses 2015: $92,100,053Net Income 2015: $28,537,7792015Revenue 2016: $59,577,435Expenses 2016: $50,546,949Net Income 2016: $9,030,4862016Revenue 2017: $57,143,585Expenses 2017: $52,453,004Net Income 2017: $4,690,5812017Revenue 2018: $61,980,302Expenses 2018: $56,097,992Net Income 2018: $5,882,3102018Revenue 2019: $65,270,655Expenses 2019: $61,975,229Net Income 2019: $3,295,4262019Revenue 2020: $53,170,548Expenses 2020: $47,907,302Net Income 2020: $5,263,2462020Revenue 2021: $33,986,760Expenses 2021: $27,080,572Net Income 2021: $6,906,1882021Revenue 2022: $31,545,196Expenses 2022: $30,560,842Net Income 2022: $984,3542022Revenue 2023: $65,596,378Expenses 2023: $54,054,077Net Income 2023: $11,542,3012023Revenue 2025: $43,649,233Expenses 2025: $51,537,202Net Income 2025: -$7,887,9692025

Highlighted filing

2015

Revenue$120,637,832
Expenses$92,100,053
Net Income$28,537,779
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Feb 8, 2016
Return Version
2014v6.0
Gross Receipts
$120,637,832
Mission and Program Overview

Mission

Brazos higher education authority, inc.'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$5,824,109,798$2,225,515,945▼ $3,598,593,853
Savings and Temporary Cash Investments$139,410,371$79,828,563▼ $59,581,808
Intangible Assets$11,847,747$4,723,631▼ $7,124,116
Prepaid Expenses and Deferred Charges$64,500$60,000▼ $4,500
Cash and Non-Interest-Bearing Accounts$80,007$30,263▼ $49,744
Accounts Receivable$10,000$11,900▲ $1,900
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$0$0→ $0
Cap Stk Tr Prin Current Funds$206,652,147$-7,571,054▼ $214,223,201
Total Assets$6,043,119,524$2,336,948,535▼ $3,706,170,989
Other Assets Total$67,597,101$26,778,233▼ $40,818,868
Liabilities
Mortgage Notes Payable Secured by Investment Property$5,823,942,286$2,335,523,672▼ $3,488,418,614
Accounts Payable and Accrued Expenses$12,482,832$8,995,917▼ $3,486,915
Other Liabilities$42,259$0▼ $42,259
Total Liabilities$5,836,467,377$2,344,519,589▼ $3,491,947,788
Net Assets / Fund Balance
Total Net Assets Fund Balance$206,652,147$-7,571,054▼ $214,223,201
Total Liabilities and Net Assets / Fund Balance$6,043,119,524$2,336,948,535▼ $3,706,170,989
Compensation and Service Providers
Top Officer Pay31st percentile

Employees

NameTitleOtherTotal
James McinnisTreasurer$126,487$126,487
Susan DavisSecretary$114,378$114,378

Board Members and Trustees

NameTitle
Mrs Joyce PackardChairman/president
Wilton LanningVice Chairman/vice President
Bob ChambersDirector
Claude ErvinDirector
Dr Joseph VelezDirector
John HatchelDirector
John PerryDirector
Larry SmithDirector
Peter KultgenDirector
Tom ChaseDirector
Daniel ReynaInternal Audit Director
Janice WhiteAsst Secretary
Tammy HarralsonController/VP
Ricky TurmanEvp/CFO
Ellis TredwayEvp/COO
Thomas Ben LitleEvp/COO
David HornerFormer Evp
Kelli VillarrialFormer VP,assoc Gen Counsel
Murray WatsonGeneral Counsel
Ray RushingSecretary
Darrell BrooksTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$120,629,727
Investment Income
$8,105
Other Revenue
$0
Change in Net Assets
$28,537,779

Audited Revenue Reconciliation

Revenue per Audited Statements
$85,506,160
Revenue Not Reported on Financial Statements
$35,131,672
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$35,131,672
Total Revenue per Audited Statements
$85,506,160
Total Revenue per Form 990
$120,637,832
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$92,100,053
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$41,050,068--$41,050,068
Depreciation Depletion$1,236,180--$1,236,180
Other Expenses$511,579--$511,579
All Other Expenses$224,228--$224,228
Fees for Services Other$58,499--$58,499
Fees for Services Legal$55,508--$55,508
Fees for Services Accounting$17,750--$17,750
Total Functional Expenses$92,100,053$0$0$92,100,053

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$92,100,053
Expenses per Audited Statements$56,968,381
Total Expenses per Audited Statements$56,968,381
Expenses Not Reported on Financial Statements$35,131,672
Other Expense Adjustments$35,131,672
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
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 2

“Ray rushing, an officer of the company, is an employee of a law firm owned by murray watson, jr., also an officer of the company.”

Form 990, Part VI, Section A, Line 3

“Brazos higher education authority, inc. Has a contract with brazos higher education service corporation, inc. To perform management and adminstration services on bhea's behalf. This includes master servicing adminstration for the outstanding student loans held by brazos higher education authority. The services include, but are not limited to: accounting, reporting, servicing, originating, marketing, treasury, and compliance monitoring of the student loans held by brazos higher education authority.”

Form 990, Part VI, Section B, Line 11

“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

“The compliance department prepares and distributes a conflict of interest questionnaire to all board members and employees annually. Included with the questionnaire is a listing of vendors utilized by the organization. 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.”

Form 990, Part VI, Section B, Line 15

“The compensation of the ceo (or executive director, as applicable), officers, and key employees of the brazos higher education authority 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

“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 Higher Education Authority Inc
EIN
74-2099402
Phone
2547530915
Address
2600 WASHINGTON AVE, WACO, TX 76710

Signing Officer

Name
Ricky Turman
Title
CFO
Phone
2547530915
Signed
2016-02-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ricky Turman
Formed
1975
Legal Domicile
TX
Voting Board Members
10
Independent Board Members
10
Employees
0
Volunteers
0

Preparer

Firm
Pattillo Brown & Hill Llp
Address
P O BOX 20725, WACO, TX 76702-0725
Preparer
Mike Lucas CPA
Phone
2547724901
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 3

“The brazos higher education authority, inc. 2004 indenture was transferred to brazos education loan authority during the current tax year. The transfer resulted in brazos education loan authority assuming all assets and all corresponding liabilities associated with the 2004 indenture.”

FORM 990, PART XI, LINE 9:

“Estate contribution -242,760,976. Rounding -4.”

FORM 990, PART XII, LINE 2C:

“The process has not changed from the prior year.”

Financial Statement Notes

PART X, LINE 2:

“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 that 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, 2015 and 2014. 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 examinations for the tax years ending june 30, 2012 and later by the internal revenue service (irs). 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 positions reserved.”

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“Department of education rebate fees offset against revenue on audit 35,131,672.”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“Department of education rebate fees offset against revenue on audit 35,131,672.”

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

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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt2131726
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt2241960
IRS990/Form990PartVIISectionAGrp/PersonNm0MRS JOYCE PACKARD
IRS990/Form990PartVIISectionAGrp/PersonNm1WILTON LANNING
IRS990/Form990PartVIISectionAGrp/PersonNm2BOB CHAMBERS
IRS990/Form990PartVIISectionAGrp/PersonNm3JOHN PERRY
IRS990/Form990PartVIISectionAGrp/PersonNm4LARRY SMITH
IRS990/Form990PartVIISectionAGrp/PersonNm5DR JOSEPH VELEZ
IRS990/Form990PartVIISectionAGrp/PersonNm6TOM CHASE
IRS990/Form990PartVIISectionAGrp/PersonNm7JOHN HATCHEL
IRS990/Form990PartVIISectionAGrp/PersonNm8CLAUDE ERVIN
IRS990/Form990PartVIISectionAGrp/PersonNm9PETER KULTGEN
IRS990/Form990PartVIISectionAGrp/PersonNm10MURRAY WATSON
IRS990/Form990PartVIISectionAGrp/PersonNm11RICKY TURMAN
IRS990/Form990PartVIISectionAGrp/PersonNm12THOMAS BEN LITLE
IRS990/Form990PartVIISectionAGrp/PersonNm13ELLIS TREDWAY
IRS990/Form990PartVIISectionAGrp/PersonNm14TAMMY HARRALSON
IRS990/Form990PartVIISectionAGrp/PersonNm15JANICE WHITE
IRS990/Form990PartVIISectionAGrp/PersonNm16DANIEL REYNA
IRS990/Form990PartVIISectionAGrp/PersonNm17DARRELL BROOKS
IRS990/Form990PartVIISectionAGrp/PersonNm18JAMES MCINNIS
IRS990/Form990PartVIISectionAGrp/PersonNm19SUSAN DAVIS
IRS990/Form990PartVIISectionAGrp/PersonNm20RAY RUSHING
IRS990/Form990PartVIISectionAGrp/PersonNm21DAVID HORNER
IRS990/Form990PartVIISectionAGrp/PersonNm22KELLI VILLARRIAL
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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/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt210
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt220
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt101049193
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt11447329
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt12523131
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt13468566
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt14190153
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt15170056
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt16132199
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt17144377
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt18104231
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt1993565
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt21118599
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt22267091
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIRMAN/PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE CHAIRMAN/VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10GENERAL COUNSEL
IRS990/Form990PartVIISectionAGrp/TitleTxt11EVP/CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt12EVP/COO
IRS990/Form990PartVIISectionAGrp/TitleTxt13EVP/COO
IRS990/Form990PartVIISectionAGrp/TitleTxt14CONTROLLER/VP
IRS990/Form990PartVIISectionAGrp/TitleTxt15ASST SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt16INTERNAL AUDIT DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt18TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt19SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt20SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt21FORMER EVP
IRS990/Form990PartVIISectionAGrp/TitleTxt22FORMER VP,ASSOC GEN COUNSEL
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01975
IRS990/FormerOfcrEmployeesListedInd01
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt010
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0120637832
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt010
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/IntangibleAssetsGrp/BOYAmt011847747
IRS990/IntangibleAssetsGrp/EOYAmt04723631
IRS990/InterestGrp/ProgramServicesAmt041050068
IRS990/InterestGrp/TotalAmt041050068
IRS990/InvestmentIncomeGrp/ExclusionAmt08105
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt08105
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt023
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0TX
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0BRAZOS HIGHER EDUCATION AUTHORITY, INC. IS A SECONDARY MARKET OF COLLEGE STUDENT LOANS UNDER THE FEDERAL FAMILY EDUCATION LOAN PROGRAM (FFELP). BRAZOS HIGHER EDUCATION AUTHORITY, INC.'S MISSION IS TO MAKE EDUCATION A REALITY BY SUPPORTING PROGRAMS AND INITIATIVES TO FINANCE EDUCATIONAL OPPORTUNITIES.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt05823942286
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt02335523672
IRS990/NetAssetsOrFundBalancesBOYAmt0206652147
IRS990/NetAssetsOrFundBalancesEOYAmt0-7571054
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt067597101
IRS990/OtherAssetsTotalGrp/EOYAmt026778233
IRS990/OtherChangesInNetAssetsAmt0-242760980
IRS990/OtherExpensesGrp/Desc0DEPT OF EDUCATION REBAT
IRS990/OtherExpensesGrp/Desc1SERVICING EXPENSE
IRS990/OtherExpensesGrp/Desc2OPERATING EXPENSES
IRS990/OtherExpensesGrp/Desc3TRUSTEE FEES
IRS990/OtherExpensesGrp/ProgramServicesAmt035131672
IRS990/OtherExpensesGrp/ProgramServicesAmt17556046
IRS990/OtherExpensesGrp/ProgramServicesAmt26258523
IRS990/OtherExpensesGrp/ProgramServicesAmt3511579
IRS990/OtherExpensesGrp/TotalAmt035131672
IRS990/OtherExpensesGrp/TotalAmt17556046
IRS990/OtherExpensesGrp/TotalAmt26258523
IRS990/OtherExpensesGrp/TotalAmt3511579
IRS990/OtherLiabilitiesGrp/BOYAmt042259
IRS990/OtherLiabilitiesGrp/EOYAmt00
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt05824109798
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt02225515945
IRS990/PartialLiquidationInd00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt064500
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt060000
IRS990/PrincipalOfficerNm0RICKY TURMAN
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0522294
IRS990/ProgramServiceRevenueGrp/BusinessCd1522294
IRS990/ProgramServiceRevenueGrp/Desc0YIELD ON STUDENT LOAN NOTES PAYAB
IRS990/ProgramServiceRevenueGrp/Desc1LATE CHARGES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0119032693
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt11597034
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0119032693
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt11597034
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt014007
IRS990/PYOtherExpensesAmt0132353491
IRS990/PYOtherRevenueAmt045
IRS990/PYProgramServiceRevenueAmt0179254977
IRS990/PYRevenuesLessExpensesAmt046915538
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0132353491
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0179269029
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt028537779
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0120629727
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0139410371
IRS990/SavingsAndTempCashInvstGrp/EOYAmt079828563
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt08105
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt014007
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt033101
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0218488
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0400317
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0674018
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0120629727
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0179255022
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0217325066
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0258921911
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0234337516
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt01010469242
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt08105
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt014007
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt033101
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0218488
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0400317
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0674018
IRS990ScheduleA/InvestmentIncomeCYPct00.00070
IRS990ScheduleA/InvestmentIncomePYPct00.00110
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X

Document Assets

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Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,336,948,535
Liabilities
$2,344,519,589
Net assets
-$7,571,054
Revenue
$120,637,832
Expenses
$92,100,053
Net income
$28,537,779
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$510$483$27.9$43.6$51.5$7.89
2023Summary only. Only limited summary data is available for this year.$798$758$39.9$65.6$54.1$11.5
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$992$963$28.4$31.5$30.6$0.98
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$1,181$1,153$27.5$34.0$27.1$6.91
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1,274$1,253$20.6$53.2$47.9$5.26
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$1,327$1,311$15.3$65.3$62.0$3.30
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1,519$1,507$12.0$62.0$56.1$5.88
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$1,736$1,730$6.15$57.1$52.5$4.69
2016Summary only. Only limited summary data is available for this year.$2,011$2,010$1.46$59.6$50.5$9.03
2015Detailed filing. Detailed filing data is available for this year.$2,337$2,345$7.57$121$92.1$28.5
2014Summary only. Only limited summary data is available for this year.$6,043$5,836$207$179$132$46.9
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$6,749$6,589$160$172
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$7,688$7,574$114$222
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$8,495$8,418$76.9$243
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$7,909$7,835$74.0$241