Civic Intelligence

Brazos Student Finance Corporation

EIN 74-2356109 • 501(c)3 • Waco, TX

Profile

Brazos student finance corporation is a secondary market of college student loans under the federal family education loan program (ffelp). Brazos student financing corporation's mision is to make education a reality by supporting programs and initiatives to finance educational opportunities.

5609 Crosslake PkwyWaco, TX 76712

www.studentloans.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2024

Liabilities / Revenue

10th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Net Margin

84th percentile

38%

Higher net margin than 84% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

97th percentile

$828,855

Higher top officer pay than 97% of similar nonprofits.

Top officer pay equals 14.8% of source-year revenue.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Asset Growth

2nd percentile

-100%

Faster asset growth than 2% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

18th percentile

-14%

Faster revenue growth than 18% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Down

$85,762,126

Down $25,403,468 (-23%) from 2022

Liabilities

Down

$39,631,080

Down $27,180,580 (-41%) from 2022

Net Assets

Up

$46,131,046

Up $1,777,112 (+4.0%) from 2022

Operations
Liabilities / Revenue10th percentileNet Margin84th percentile

Revenue

Up

$6,525,133

Up $2,018,548 (+45%) from 2022

Expenses

Up

$4,748,021

Up $985,075 (+26%) from 2022

Net Income

Up

$1,777,112

Up $1,033,473 (+139%) from 2022

Trend Graphs

Balance Sheet Trend

Asset Growth2nd percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$2.0B$1.5B$1.0B$500M$0Assets 2010: $1,700,136,544Liabilities 2010: $1,655,741,000Net Assets 2010: $44,395,5442010Assets 2011: $892,498,302Liabilities 2011: $856,062,183Net Assets 2011: $36,436,1192011Assets 2012: $797,550,674Liabilities 2012: $759,928,481Net Assets 2012: $37,622,1932012Assets 2013: $583,053,527Liabilities 2013: $538,542,171Net Assets 2013: $44,511,3562013Assets 2014: $519,541,780Liabilities 2014: $473,090,410Net Assets 2014: $46,451,3702014Assets 2015: $455,829,009Liabilities 2015: $405,806,791Net Assets 2015: $50,022,2182015Assets 2016: $392,965,248Liabilities 2016: $340,484,685Net Assets 2016: $52,480,5632016Assets 2017: $334,317,819Liabilities 2017: $280,289,033Net Assets 2017: $54,028,7862017Assets 2018: $284,573,116Liabilities 2018: $229,309,255Net Assets 2018: $55,263,8612018Assets 2019: $177,144,145Liabilities 2019: $128,004,487Net Assets 2019: $49,139,6582019Assets 2020: $150,375,541Liabilities 2020: $102,755,470Net Assets 2020: $47,620,0712020Assets 2021: $127,437,921Liabilities 2021: $81,276,812Net Assets 2021: $46,161,1092021Assets 2022: $111,165,594Liabilities 2022: $66,811,660Net Assets 2022: $44,353,9342022Assets 2023: $85,762,126Liabilities 2023: $39,631,080Net Assets 2023: $46,131,0462023

Highlighted filing

2023

Assets$85,762,126
Liabilities$39,631,080
Net Assets$46,131,046
Open 2023 Filing

Operations Trend

Revenue Growth18th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$80M$60M$40M$20M$0-$20MExpenses 2010: $62,177,5122010Expenses 2011: $55,831,4572011Expenses 2012: $27,207,2832012Revenue 2013: $24,751,798Expenses 2013: $17,862,810Net Income 2013: $6,888,9882013Revenue 2014: $19,802,950Expenses 2014: $15,405,501Net Income 2014: $4,397,4492014Revenue 2015: $17,962,033Expenses 2015: $13,615,285Net Income 2015: $4,346,7482015Revenue 2016: $16,311,866Expenses 2016: $12,342,887Net Income 2016: $3,968,9792016Revenue 2017: $14,714,592Expenses 2017: $12,055,278Net Income 2017: $2,659,3142017Revenue 2018: $14,004,282Expenses 2018: $12,243,783Net Income 2018: $1,760,4992018Revenue 2019: $11,730,603Expenses 2019: $14,812,278Net Income 2019: -$3,081,6752019Revenue 2020: $9,204,237Expenses 2020: $6,602,143Net Income 2020: $2,602,0942020Revenue 2021: $5,389,130Expenses 2021: $4,748,092Net Income 2021: $641,0382021Revenue 2022: $4,506,585Expenses 2022: $3,762,946Net Income 2022: $743,6392022Revenue 2023: $6,525,133Expenses 2023: $4,748,021Net Income 2023: $1,777,1122023

Highlighted filing

2023

Revenue$6,525,133
Expenses$4,748,021
Net Income$1,777,112
Open 2023 Filing

Filings

Most recent year

2023 • Form 990Summary only. Only limited summary data is available for this year.

Open filing
Assets
$85,762,126
Liabilities
$39,631,080
Net assets
$46,131,046
Revenue
$6,525,133
Expenses
$4,748,021
Net income
$1,777,112
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$85.8$39.6$46.1$6.53$4.75$1.78
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$111$66.8$44.4$4.51$3.76$0.74
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$127$81.3$46.2$5.39$4.75$0.64
2020Summary only. Only limited summary data is available for this year.$150$103$47.6$9.20$6.60$2.60
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$177$128$49.1$11.7$14.8$3.08
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$285$229$55.3$14.0$12.2$1.76
2017Summary only. Only limited summary data is available for this year.$334$280$54.0$14.7$12.1$2.66
2016Detailed filing. Detailed filing data is available for this year.$393$340$52.5$16.3$12.3$3.97
2015Detailed filing. Detailed filing data is available for this year.$456$406$50.0$18.0$13.6$4.35
2014Detailed filing. Detailed filing data is available for this year.$520$473$46.5$19.8$15.4$4.40
2013Summary only. Only limited summary data is available for this year.$583$539$44.5$24.8$17.9$6.89
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$798$760$37.6$27.2
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$892$856$36.4$55.8
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1,700$1,656$44.4$62.2
Latest Detailed Filing

The latest 2023 filing currently has summary financial data only. Showing the latest detailed filing from 2022 below.

Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Nov 15, 2022
Return Version
2021v4.2
Gross Receipts
$4,506,585
Mission and Program Overview

Mission

Brazos student finance corporation is a secondary market of college student loans under the federal family education loan program (ffelp). Brazos student finance corporation's mission is to make education a reality by supporting programs and initiatives to finance educational opportunities.

Brazos student finance corporation'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$122,028,183$105,236,956▼ $16,791,227
Cap Stk Tr Prin Current Funds$46,161,109$44,353,934▼ $1,807,175
Savings and Temporary Cash Investments$2,181,831$2,002,809▼ $179,022
Intangible Assets$137,765$121,955▼ $15,810
Cash and Non-Interest-Bearing Accounts$0$30,628▲ $30,628
Accounts Receivable$786$3,183▲ $2,397
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$127,437,921$111,165,594▼ $16,272,327
Other Assets Total$3,089,356$3,770,063▲ $680,707
Liabilities
Mortgage Notes Payable Secured by Investment Property$69,281,546$66,704,224▼ $2,577,322
Other Liabilities$11,873,297$0▼ $11,873,297
Accounts Payable and Accrued Expenses$121,969$107,436▼ $14,533
Grants Payable$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$81,276,812$66,811,660▼ $14,465,152
Net Assets / Fund Balance
Total Net Assets Fund Balance$46,161,109$44,353,934▼ $1,807,175
Total Liabilities and Net Assets / Fund Balance$127,437,921$111,165,594▼ $16,272,327
Compensation and Service Providers
Top Officer Pay97th percentile

Employees

NameTitleOtherTotal
Tiffany JonesSecretary$102,605$102,605

Board Members and Trustees

NameTitle
Thomas Ben LitlePresident/CEO
Dr Donald D SchmeltetkopfDirector
Dr Joseph R VelezDirector
Harry HarelikDirector
Jane AllenDirector
John PerryDirector
Peter KultgenDirector
Robert B ChambersDirector
Ricky TurmanEvp/COO/CFO
Susan DavisSecretary End: 06/21
Kelli UttechSVP/General Counsel
Darrell BrooksTreasurer
Tammy HarralsonVP/Controller
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$4,366,938
Investment Income
$9,805
Other Revenue
$129,842
Change in Net Assets
$743,639

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,377,169
Revenue Not Reported on Financial Statements
$129,416
Revenue Not Reported on Form 990
$-783,181
Other Revenue Adjustments
$129,416
Total Revenue per Audited Statements
$3,593,988
Total Revenue per Form 990
$4,506,585
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,762,946
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$2,030,640--$2,030,640
Fees for Services Management$627,526--$627,526
Depreciation Depletion$15,810--$15,810
Other Expenses$9,200--$9,200
Total Functional Expenses$3,762,946$0$0$3,762,946

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$3,762,946
Expenses per Audited Statements$2,979,765
Total Expenses per Audited Statements$2,850,349
Expenses Not Reported on Financial Statements$783,181
Other Expense Adjustments$783,181
Expenses Not Reported on Form 990$-129,416
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
Backup withholding compliance
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 3

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

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 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.”

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 student finance corporation is paid by a related organization, and is determined under the policies of the respective related organization.”

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

“Delegation of authority: the executive committee shall consist of five members of the board of directors. The executive committee shall, between meetings of the board, have administrative control over all matters of the corporation.”

Filing and Contact Details

Filer

Filer Name
Brazos Student Finance Corporation
EIN
74-2356109
In Care Of
% RICKY TURMAN EVP/COO/CFO
Phone
2547530915
Address
5609 Crosslake Pkwy, Waco, TX 76712

Signing Officer

Name
Ricky Turman
Title
Evp/COO/CFO
Phone
2547530915
Signed
2022-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ricky Turman
Formed
1985
Legal Domicile
TX
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
7

Preparer

Firm
Forvis 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 Distribution $ (9,037,312) Estate Contribution 6,486,498 ---------------- Total $ (2,550,814)”

Financial Statement Notes

Schedule D, Part X, Line 2

“Liability for uncertain tax positions: the company 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 company 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 company had no net unrelated business income for the years ended june 30, 2022 and 2021. As such, no provision for federal or state income taxes has been provided in the accompanying financial statements. The company files federal information returns in the united states. The company may be subject to examinations for the tax years ended june 30, 2019 and later by the internal revenue service. The company is not currently under examination for any open tax year. The company follows the accounting standard related to the accounting for uncertainty in income taxes recognized in the company'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 company currently does not have any positions reserved.”

Schedule D, Part XI, Line 2D

“RECONCILIATION OF REVENUE PER AUDITED FINANCIALS WITH RETURN: Department of Education Rebate Fees $(783,181)”

Schedule D, Part XI, Line 4B

“RECONCILIATION OF Revenue PER AUDITED FINANCIALS WITH RETURN: Bad Debt Recovery $129,416”

Schedule D, Part XII, Line 2D

“RECONCILIATION OF Expenses PER AUDITED FINANCIALS WITH RETURN: Bad Debt Recovery $(129,416)”

Schedule D, Part XII, Line 4B

“RECONCILIATION OF EXPENSES PER AUDITED FINANCIALS WITH RETURN: Department of Education Rebate Fees $783,181”

Raw XML AppendixShowing 400 of 770 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/BOYAmt0121969
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0107436
IRS990/AccountsReceivableGrp/BOYAmt0786
IRS990/AccountsReceivableGrp/EOYAmt03183
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0BRAZOS STUDENT FINANCE CORPORATION'S MISSION IS TO MAKE EDUCATION A REALITY BY SUPPORTING PROGRAMS AND INITIATIVES TO FINANCE EDUCATIONAL OPPORTUNITIES.
IRS990/AdvertisingGrp/TotalAmt00
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BackupWthldComplianceInd0true
IRS990/BenefitsToMembersGrp/TotalAmt00
IRS990/BooksInCareOfDetail/PersonNm0RICKY TURMAN EVPCOOCFO
IRS990/BooksInCareOfDetail/PhoneNum02547530915
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt05609 CROSSLAKE PKWY
IRS990/BooksInCareOfDetail/USAddress/CityNm0WACO
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0TX
IRS990/BooksInCareOfDetail/USAddress/ZIPCd076712
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt046161109
IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt044353934
IRS990/CashNonInterestBearingGrp/BOYAmt00
IRS990/CashNonInterestBearingGrp/EOYAmt030628
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/CYInvestmentIncomeAmt09805
IRS990/CYOtherExpensesAmt03762946
IRS990/CYOtherRevenueAmt0129842
IRS990/CYProgramServiceRevenueAmt04366938
IRS990/CYRevenuesLessExpensesAmt0743639
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt03762946
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt04506585
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DeferredRevenueGrp/BOYAmt00
IRS990/DeferredRevenueGrp/EOYAmt00
IRS990/DelegationOfMgmtDutiesInd0true
IRS990/DepreciationDepletionGrp/ProgramServicesAmt015810
IRS990/DepreciationDepletionGrp/TotalAmt015810
IRS990/Desc0BRAZOS STUDENT FINANCE CORPORATION HELD STUDENT LOANS UNDER THE TITLE IV FEDERAL FAMILY EDUCATION LOAN PROGRAM (FFELP), HEAL, TERI AND OTHER ALTERNATIVE STUDENT LOAN PROGRAMS. THESE LOANS WERE FUNDED THROUGH PERMANENT FINANCINGS AND COMPANY FUNDS.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/EscrowAccountLiabilityGrp/BOYAmt00
IRS990/EscrowAccountLiabilityGrp/EOYAmt00
IRS990/ExpenseAmt03762946
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditPerformedInd0true
IRS990/FederalGrantAuditRequiredInd0true
IRS990/FeesForServicesAccountingGrp/TotalAmt00
IRS990/FeesForServicesLegalGrp/TotalAmt00
IRS990/FeesForServicesLobbyingGrp/TotalAmt00
IRS990/FeesForServicesManagementGrp/ProgramServicesAmt0627526
IRS990/FeesForServicesManagementGrp/TotalAmt0627526
IRS990/FeesForServicesOtherGrp/TotalAmt00
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/AverageHoursPerWeekRltdOrgRt539.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt639.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt78.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt88.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt98.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt108.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt118.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt128.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt138.0
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/AverageHoursPerWeekRt121.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt131.0
IRS990/Form990PartVIISectionAGrp/FormerOfcrDirectorTrusteeInd0X
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/OfficerInd5X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt068031
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt171273
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt263567
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt357610
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt446110
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt520232
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt618574
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt120
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt130
IRS990/Form990PartVIISectionAGrp/PersonNm0Thomas Ben Litle
IRS990/Form990PartVIISectionAGrp/PersonNm1Ricky Turman
IRS990/Form990PartVIISectionAGrp/PersonNm2Kelli Uttech
IRS990/Form990PartVIISectionAGrp/PersonNm3Tammy Harralson
IRS990/Form990PartVIISectionAGrp/PersonNm4Darrell Brooks
IRS990/Form990PartVIISectionAGrp/PersonNm5Susan Davis
IRS990/Form990PartVIISectionAGrp/PersonNm6Tiffany Jones
IRS990/Form990PartVIISectionAGrp/PersonNm7Jane Allen
IRS990/Form990PartVIISectionAGrp/PersonNm8Robert B Chambers
IRS990/Form990PartVIISectionAGrp/PersonNm9Harry Harelik
IRS990/Form990PartVIISectionAGrp/PersonNm10Peter Kultgen
IRS990/Form990PartVIISectionAGrp/PersonNm11John Perry
IRS990/Form990PartVIISectionAGrp/PersonNm12Dr Donald D Schmeltetkopf
IRS990/Form990PartVIISectionAGrp/PersonNm13Dr Joseph R Velez
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/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt0707065
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt1593678
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt2341729
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt3234378
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt4186941
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt5131448
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt684031
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/TitleTxt0President/CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt1EVP/COO/CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt2SVP/General Counsel
IRS990/Form990PartVIISectionAGrp/TitleTxt3VP/Controller
IRS990/Form990PartVIISectionAGrp/TitleTxt4Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt5Secretary End: 06/21
IRS990/Form990PartVIISectionAGrp/TitleTxt6Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8Director
IRS990/Form990PartVIISectionAGrp/TitleTxt9Director
IRS990/Form990PartVIISectionAGrp/TitleTxt10Director
IRS990/Form990PartVIISectionAGrp/TitleTxt11Director
IRS990/Form990PartVIISectionAGrp/TitleTxt12Director
IRS990/Form990PartVIISectionAGrp/TitleTxt13Director
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr01985
IRS990/FormerOfcrEmployeesListedInd0true
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/GrossReceiptsAmt04506585
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/BOYAmt0137765
IRS990/IntangibleAssetsGrp/EOYAmt0121955
IRS990/InterestGrp/ProgramServicesAmt02030640
IRS990/InterestGrp/TotalAmt02030640
IRS990/InventoriesForSaleOrUseGrp/BOYAmt00
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/ExclusionAmt09805
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt09805
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt00
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/BOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/IRPDocumentCnt052
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 STUDENT FINANCE CORPORATION IS A SECONDARY MARKET OF COLLEGE STUDENT LOANS UNDER THE FEDERAL FAMILY EDUCATION LOAN PROGRAM (FFELP), HEAL, TERI AND OTHER ALTERNATIVE PRIVATE STUDENT LOAN PROGRAMS. BRAZOS STUDENT FINANCE CORPORATION'S MISSION IS TO MAKE EDUCATION A REALITY BY SUPPORTING PROGRAMS AND INITIATIVES TO FINANCE EDUCATIONAL OPPORTUNITIES.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt069281546
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt066704224
IRS990/NetAssetsOrFundBalancesBOYAmt046161109
IRS990/NetAssetsOrFundBalancesEOYAmt044353934
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/BOYAmt03089356
IRS990/OtherAssetsTotalGrp/EOYAmt03770063
IRS990/OtherChangesInNetAssetsAmt0-2550814
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0Dept of Education Rebate Fee
IRS990/OtherExpensesGrp/Desc1Servicing Expense
IRS990/OtherExpensesGrp/Desc2RATING FEES
IRS990/OtherExpensesGrp/Desc3Trustee Fees
IRS990/OtherExpensesGrp/ProgramServicesAmt0783181
IRS990/OtherExpensesGrp/ProgramServicesAmt1279589
IRS990/OtherExpensesGrp/ProgramServicesAmt217000
IRS990/OtherExpensesGrp/ProgramServicesAmt39200
IRS990/OtherExpensesGrp/TotalAmt0783181
IRS990/OtherExpensesGrp/TotalAmt1279589
IRS990/OtherExpensesGrp/TotalAmt217000
IRS990/OtherExpensesGrp/TotalAmt39200
IRS990/OtherLiabilitiesGrp/BOYAmt011873297
IRS990/OtherLiabilitiesGrp/EOYAmt00
IRS990/OtherRevenueMiscGrp/BusinessCd0522294
IRS990/OtherRevenueMiscGrp/BusinessCd1900099
IRS990/OtherRevenueMiscGrp/Desc0BAD DEBT RECOVERY
IRS990/OtherRevenueMiscGrp/Desc1MISCELLANEOUS INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0129416
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt1426
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0129416
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt1426
IRS990/OtherRevenueTotalAmt0129842
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0122028183
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0105236956
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 Received on Student Loans
IRS990/ProgramServiceRevenueGrp/Desc1Late Charges
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt04343039
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt123899
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt04343039
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt123899
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt02320
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt04748092
IRS990/PYOtherRevenueAmt0446218
IRS990/PYProgramServiceRevenueAmt04940592
IRS990/PYRevenuesLessExpensesAmt0641038
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt04748092
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt05389130
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0743639
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0true
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt04496780
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt02181831
IRS990/SavingsAndTempCashInvstGrp/EOYAmt02002809
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/CurrentTaxYearAmt09805
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt02320
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt094592
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0215567
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0153569
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0475853
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt04496780
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt05386810
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt07507645
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt011433036
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt013676143
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt042500414
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt09805
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt02320
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt094592
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0215567
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0153569

Document Assets

No mirrored PDF or thumbnail assets are attached yet.