Civic Intelligence

Brazos Loan Servicing Inc

990 • Fiscal year 2015 • EIN 74-2541542

Jul 01, 2014 to Jun 30, 2015 • Filed on Mar 17, 2016

P O Box 1308Waco, TX 76703

(254) 753-0915

Siviq Scores

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

Liabilities / Assets

78th percentile

0.11x

Higher debt load relative to assets than 78% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Liabilities / Revenue

85th percentile

0.17x

Higher debt load relative to revenue than 85% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Net Margin

2nd percentile

-439%

Higher net margin than 2% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Top Officer Pay

100th percentile

$318,402

Higher top officer pay than 100% of similar nonprofits.

Top officer pay equals 253.1% of source-year revenue.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Asset Growth

2nd percentile

-96%

Faster asset growth than 2% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Revenue Growth

2nd percentile

-98%

Faster revenue growth than 2% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Assets

Down

$194,978

Down $5,050,964 (-96%) from 2014

Net Assets

Down

$173,451

Down $551,779 (-76%) from 2014

Liabilities

Down

$21,527

Down $4,499,185 (-100%) from 2014

Revenue

Down

$125,797

Down $5,289,996 (-98%) from 2014

Expenses

Down

$677,576

Down $4,522,557 (-87%) from 2014

Net Income

Down

-$551,779

Down $767,439 (-356%) from 2014

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0-$5.0M-$10MAssets 2011: $3,673,127Liabilities 2011: $4,565,717Net Assets 2011: -$892,5902011Assets 2012: $2,484,454Liabilities 2012: $7,105,697Net Assets 2012: -$4,621,2432012Assets 2013: $4,609,331Liabilities 2013: $11,224,760Net Assets 2013: -$6,615,4292013Assets 2014: $5,245,942Liabilities 2014: $4,520,712Net Assets 2014: $725,2302014Assets 2015: $194,978Liabilities 2015: $21,527Net Assets 2015: $173,4512015Assets 2016: $0Liabilities 2016: $0Net Assets 2016: $02016

Highlighted filing

2015

Assets$194,978
Liabilities$21,527
Net Assets$173,451

Operations Trend

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

$10M$5.0M$0-$5.0MRevenue 2011: $1,196,884Expenses 2011: $2,130,006Net Income 2011: -$933,1222011Revenue 2012: $1,642,648Expenses 2012: $5,371,301Net Income 2012: -$3,728,6532012Revenue 2013: $3,074,685Expenses 2013: $5,068,871Net Income 2013: -$1,994,1862013Revenue 2014: $5,415,793Expenses 2014: $5,200,133Net Income 2014: $215,6602014Revenue 2015: $125,797Expenses 2015: $677,576Net Income 2015: -$551,7792015Revenue 2016: $0Expenses 2016: $6,620Net Income 2016: -$6,6202016

Highlighted filing

2015

Revenue$125,797
Expenses$677,576
Net Income-$551,779
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Mar 17, 2016
Return Version
2014v6.0
Gross Receipts
$123,138
Mission and Program Overview

Mission

With a commitment to the highest standards of integrity and business eithics, bls's mission is to assist students in finding success in higher education and beyond by helping to support lenders in the ever changing student loans financial markets by providing premier loan servicing with flexible, robust reporting and by helping students manage and understand their student loans debt by providing premier customer service, services and education.

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

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$249,927$0▼ $249,927
Savings and Temporary Cash Investments$4,920,386$194,978▼ $4,725,408
Cap Stk Tr Prin Current Funds$725,230$173,451▼ $551,779
Prepaid Expenses and Deferred Charges$67,404$0▼ $67,404
Land, Buildings, and Equipment, Net$8,225$0▼ $8,225
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$0$0→ $0
Total Assets$5,245,942$194,978▼ $5,050,964
Liabilities
Accounts Payable and Accrued Expenses$4,520,712$21,527▼ $4,499,185
Total Liabilities$4,520,712$21,527▼ $4,499,185
Net Assets / Fund Balance
Total Net Assets Fund Balance$725,230$173,451▼ $551,779
Total Liabilities and Net Assets / Fund Balance$5,245,942$194,978▼ $5,050,964
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Garry GrahamDirector/first Vice PresidFT$124,308$194,094$318,402
Ernest P Beardsley IiiVice Chair/pres/treasPT$313,228-$313,228
Kelli VillarrialSecond Vice Pres/gen CounsPT$18,636-$18,636

Board Members and Trustees

NameTitle
Murray Watson JrChairman
Sarah MaccarthyThird Vice President
Ann HarderDirector
Ellis TredwayDirector
Kelvin WilliamsDirector
Mike TassoneDirector
Tom ChaseDirector
Robert Stem JrAsst Secretary
Susan DavisSecretary

Highest Paid Contractors

ContractorServicesLocationCompensation
Hes New Ventures LLCMgmt & Consulting Services245 W CHOCOLATE AVE, Hershey, PA 17033$313,228
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$104,987
Investment Income
$20,419
Other Revenue
$391
Change in Net Assets
$-551,779
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$393,002
Salaries, Compensation, and Employee Benefits$284,574
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Payroll Taxes$113,387--$113,387
Insurance$87,524--$87,524
Current Officers, Directors, Trustees, and Key Employees$83,388--$83,388
Other Salaries and Wages$74,215--$74,215
Office Expenses$73,998--$73,998
Occupancy$69,621--$69,621
Fees for Services Accounting$67,888--$67,888
Fees for Services Legal$22,973--$22,973
Information Technology$13,809--$13,809
Other Employee Benefits$13,584--$13,584
Depreciation Depletion$10,884--$10,884
Fees for Services Management$5,761--$5,761
Travel$1,530--$1,530
Other Expenses$140--$140
Total Functional Expenses$677,576$0$0$677,576
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
No
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
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

Board members murray watson jr., tom chase and ellis treadway are also board members of brazos higher education service corporation, inc., the master servicer for several indentures serviced by brazos loan servicing. Board members, kelli villarrial and sarah maccarthy are employees of brazos higher education service corporation, inc. Officer susan davis is an employee of brazos higher education service corporation. Robert stem, jr. Is an employee of watson & associates, owned by murray watson, jr.

Form 990, Part VI, Section B, Line 11

The 990 tax return is provided to senior management for their review. After their review, the return is provided to the board for their review. Board comments and questions are considered and investigated by senior management and reported back to the board. Adjustments are made (if necessary) based on these reviews prior to submission to the internal revenue service.

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

The board of directors and employees of bls are subject to a conflict of interest policy. Employees and the board of directors are required to self-disclose conflicts as defined by the policy. Conflicts are reported to the general counsel. The general counsel will review the reported conflict and will make a determination on how to proceed and if the conflict must be presented to the full board for resolution. If the conflict is related to a member of the board of directors, the member does not participate in the governing body's deliberation and decision in the matter.

Form 990, Part VI, Section B, Line 15B

An independent third party reviews the compensation of the officers and key employees to ensure it is within irs guidelines. The third party also performs comparability studies of related organizations to determine salaries are reasonable. The salaries are reviewd and approved by the board of directors.

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 Loan Servicing Inc
EIN
74-2541542
Phone
2547530915
Address
P O BOX 1308, WACO, TX 76703

Signing Officer

Name
Ricky Turman
Title
Treasurer
Phone
2547530915
Signed
2016-03-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ricky Turman
Formed
1989
Legal Domicile
TX
Voting Board Members
8
Independent Board Members
4
Employees
27
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 entity ceased its servicing operations as of august 2014.

Form 990, Part XII, Line 2C

The oversight and selection process has not changed from the prior year.

Raw XML AppendixShowing 400 of 470 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/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt04520712
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt021527
IRS990/AccountsReceivableGrp/BOYAmt0249927
IRS990/AccountsReceivableGrp/EOYAmt00
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0BRAZOS LOAN SERVICING, INC.'S MISSION IS TO MAKE EDUCATION A REALITY BY SUPPORTING PROGRAMS AND INITIATIVES TO FINANCE EDUCATIONAL OPPORTUNITIES.
IRS990/AnnualDisclosureCoveredPrsnInd00
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0KELLI VILLARRIAL
IRS990/BooksInCareOfDetail/PhoneNum02547530915
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt02600 WASHINGTON AVE
IRS990/BooksInCareOfDetail/USAddress/CityNm0WACO
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0TX
IRS990/BooksInCareOfDetail/USAddress/ZIPCd076710
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOfficerEntInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt0725230
IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt0173451
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt01
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt083388
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt083388
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd01
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/ContractorCompensationGrp/CompensationAmt0313228
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt0245 W CHOCOLATE AVE
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm0HERSHEY
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd0PA
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd017033
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt0HES NEW VENTURES LLC
IRS990/ContractorCompensationGrp/ServicesDesc0MGMT & CONSULTING SERVICES
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt020419
IRS990/CYOtherExpensesAmt0393002
IRS990/CYOtherRevenueAmt0391
IRS990/CYProgramServiceRevenueAmt0104987
IRS990/CYRevenuesLessExpensesAmt0-551779
IRS990/CYSalariesCompEmpBnftPaidAmt0284574
IRS990/CYTotalExpensesAmt0677576
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0125797
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/ProgramServicesAmt010884
IRS990/DepreciationDepletionGrp/TotalAmt010884
IRS990/Desc0BRAZOS LOAN SERVICING IS A STUDENT LOAN SERVICER OF FEDERAL AND PRIVATE STUDENT LOANS.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd00
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt027
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt0677576
IRS990/FamilyOrBusinessRlnInd01
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt067888
IRS990/FeesForServicesAccountingGrp/TotalAmt067888
IRS990/FeesForServicesLegalGrp/ProgramServicesAmt022973
IRS990/FeesForServicesLegalGrp/TotalAmt022973
IRS990/FeesForServicesManagementGrp/ProgramServicesAmt05761
IRS990/FeesForServicesManagementGrp/TotalAmt05761
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt020.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt15.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt240.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt35.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt45.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt55.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt65.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt75.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt820.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt920.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt105.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt115.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd5X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt214981
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/PersonNm0ERNEST P BEARDSLEY III
IRS990/Form990PartVIISectionAGrp/PersonNm1MURRAY WATSON JR
IRS990/Form990PartVIISectionAGrp/PersonNm2GARRY GRAHAM
IRS990/Form990PartVIISectionAGrp/PersonNm3TOM CHASE
IRS990/Form990PartVIISectionAGrp/PersonNm4ANN HARDER
IRS990/Form990PartVIISectionAGrp/PersonNm5MIKE TASSONE
IRS990/Form990PartVIISectionAGrp/PersonNm6ELLIS TREDWAY
IRS990/Form990PartVIISectionAGrp/PersonNm7KELVIN WILLIAMS
IRS990/Form990PartVIISectionAGrp/PersonNm8KELLI VILLARRIAL
IRS990/Form990PartVIISectionAGrp/PersonNm9SARAH MACCARTHY
IRS990/Form990PartVIISectionAGrp/PersonNm10SUSAN DAVIS
IRS990/Form990PartVIISectionAGrp/PersonNm11ROBERT STEM JR
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt0313228
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt2303421
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt818636
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
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/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/TitleTxt0VICE CHAIR/PRES/TREAS
IRS990/Form990PartVIISectionAGrp/TitleTxt1CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR/FIRST VICE PRESID
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8SECOND VICE PRES/GEN COUNS
IRS990/Form990PartVIISectionAGrp/TitleTxt9THIRD VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt10SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt11ASST SECRETARY
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01989
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/OtherAmt020419
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt08
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/OtherAmt017760
IRS990/GrossReceiptsAmt0123138
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt04
IRS990/IndivRcvdGreaterThan100KCnt02
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/ProgramServicesAmt013809
IRS990/InformationTechnologyGrp/TotalAmt013809
IRS990/InsuranceGrp/ProgramServicesAmt087524
IRS990/InsuranceGrp/TotalAmt087524
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt011
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt00
IRS990/LandBldgEquipBasisNetGrp/BOYAmt08225
IRS990/LandBldgEquipBasisNetGrp/EOYAmt00
IRS990/LandBldgEquipCostOrOtherBssAmt00
IRS990/LegalDomicileStateCd0TX
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt0-2659
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0WITH A COMMITMENT TO THE HIGHEST STANDARDS OF INTEGRITY AND BUSINESS EITHICS, BLS'S MISSION IS TO ASSIST STUDENTS IN FINDING SUCCESS IN HIGHER EDUCATION AND BEYOND BY HELPING TO SUPPORT LENDERS IN THE EVER CHANGING STUDENT LOANS FINANCIAL MARKETS BY PROVIDING PREMIER LOAN SERVICING WITH FLEXIBLE, ROBUST REPORTING AND BY HELPING STUDENTS MANAGE AND UNDERSTAND THEIR STUDENT LOANS DEBT BY PROVIDING PREMIER CUSTOMER SERVICE, SERVICES AND EDUCATION.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0725230
IRS990/NetAssetsOrFundBalancesEOYAmt0173451
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt020419
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt020419
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt069621
IRS990/OccupancyGrp/TotalAmt069621
IRS990/OfficeExpensesGrp/ProgramServicesAmt073998
IRS990/OfficeExpensesGrp/TotalAmt073998
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt013584
IRS990/OtherEmployeeBenefitsGrp/TotalAmt013584
IRS990/OtherExpensesGrp/Desc0SERVICING EXPENSE
IRS990/OtherExpensesGrp/Desc1ADMINISTRATIVE EXPENSE
IRS990/OtherExpensesGrp/Desc2MISCELLANEOUS
IRS990/OtherExpensesGrp/Desc3OPERATING EXPENSE
IRS990/OtherExpensesGrp/ProgramServicesAmt037387
IRS990/OtherExpensesGrp/ProgramServicesAmt11045
IRS990/OtherExpensesGrp/ProgramServicesAmt2442
IRS990/OtherExpensesGrp/ProgramServicesAmt3140
IRS990/OtherExpensesGrp/TotalAmt037387
IRS990/OtherExpensesGrp/TotalAmt11045
IRS990/OtherExpensesGrp/TotalAmt2442
IRS990/OtherExpensesGrp/TotalAmt3140
IRS990/OtherRevenueMiscGrp/BusinessCd0522294
IRS990/OtherRevenueMiscGrp/Desc0NSF FEE INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0391
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0391
IRS990/OtherRevenueTotalAmt0391
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt074215
IRS990/OtherSalariesAndWagesGrp/TotalAmt074215
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt0113387
IRS990/PayrollTaxesGrp/TotalAmt0113387
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt067404
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0RICKY TURMAN
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0522294
IRS990/ProgramServiceRevenueGrp/BusinessCd1522294
IRS990/ProgramServiceRevenueGrp/Desc0LOAN ORIGINATION & SER
IRS990/ProgramServiceRevenueGrp/Desc1LATE FEE INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt096818
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt18169
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt096818
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt18169
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt02884122
IRS990/PYOtherRevenueAmt018620
IRS990/PYProgramServiceRevenueAmt05397173
IRS990/PYRevenuesLessExpensesAmt0215660
IRS990/PYSalariesCompEmpBnftPaidAmt02316011
IRS990/PYTotalExpensesAmt05200133
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt05415793
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-551779
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0105378
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt04920386
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0194978
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0737
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0737
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0105378
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt05415793
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt03073948
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt01642648
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt01196884
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt011434651
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0737
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0737
IRS990ScheduleA/InvestmentIncomeCYPct00.00010
IRS990ScheduleA/InvestmentIncomePYPct00.00010
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99990
IRS990ScheduleA/PublicSupportPY509Pct00.99990
IRS990ScheduleA/PublicSupportTotal509Amt011434651
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0105378
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt05415793
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt03073948
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt01642648
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt01196884
IRS990ScheduleA/Total509Grp/TotalAmt011434651
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0105378
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt05415793
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt03074685
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt01642648
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt01196884
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt011435388
IRS990/ScheduleBRequiredInd00
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/CompensationCommitteeInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/IndependentConsultantInd0X
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0313228
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt1124308
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount116000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt114981
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt1163113
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0ERNEST P BEARDSLEY III
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1GARRY GRAHAM
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0VICE CHAIR/PRES/TREAS
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1DIRECTOR/FIRST VICE PRESID
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0313228
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt1318402
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt10
IRS990ScheduleJ/SeverancePaymentInd01
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0GARRY GRAHAM RECEIVED A SEVERANCE PAYMENT OF $160,000.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 4A
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ENTITY CEASED ITS SERVICING OPERATIONS AS OF AUGUST 2014.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BOARD MEMBERS MURRAY WATSON JR., TOM CHASE AND ELLIS TREADWAY ARE ALSO BOARD MEMBERS OF BRAZOS HIGHER EDUCATION SERVICE CORPORATION, INC., THE MASTER SERVICER FOR SEVERAL INDENTURES SERVICED BY BRAZOS LOAN SERVICING. BOARD MEMBERS, KELLI VILLARRIAL AND SARAH MACCARTHY ARE EMPLOYEES OF BRAZOS HIGHER EDUCATION SERVICE CORPORATION, INC. OFFICER SUSAN DAVIS IS AN EMPLOYEE OF BRAZOS HIGHER EDUCATION SERVICE CORPORATION. ROBERT STEM, JR. IS AN EMPLOYEE OF WATSON & ASSOCIATES, OWNED BY MURRAY WATSON, JR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE 990 TAX RETURN IS PROVIDED TO SENIOR MANAGEMENT FOR THEIR REVIEW. AFTER THEIR REVIEW, THE RETURN IS PROVIDED TO THE BOARD FOR THEIR REVIEW. BOARD COMMENTS AND QUESTIONS ARE CONSIDERED AND INVESTIGATED BY SENIOR MANAGEMENT AND REPORTED BACK TO THE BOARD. ADJUSTMENTS ARE MADE (IF NECESSARY) BASED ON THESE REVIEWS PRIOR TO SUBMISSION TO THE INTERNAL REVENUE SERVICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD OF DIRECTORS AND EMPLOYEES OF BLS ARE SUBJECT TO A CONFLICT OF INTEREST POLICY. EMPLOYEES AND THE BOARD OF DIRECTORS ARE REQUIRED TO SELF-DISCLOSE CONFLICTS AS DEFINED BY THE POLICY. CONFLICTS ARE REPORTED TO THE GENERAL COUNSEL. THE GENERAL COUNSEL WILL REVIEW THE REPORTED CONFLICT AND WILL MAKE A DETERMINATION ON HOW TO PROCEED AND IF THE CONFLICT MUST BE PRESENTED TO THE FULL BOARD FOR RESOLUTION. IF THE CONFLICT IS RELATED TO A MEMBER OF THE BOARD OF DIRECTORS, THE MEMBER DOES NOT PARTICIPATE IN THE GOVERNING BODY'S DELIBERATION AND DECISION IN THE MATTER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4AN INDEPENDENT THIRD PARTY REVIEWS THE COMPENSATION OF THE OFFICERS AND KEY EMPLOYEES TO ENSURE IT IS WITHIN IRS GUIDELINES. THE THIRD PARTY ALSO PERFORMS COMPARABILITY STUDIES OF RELATED ORGANIZATIONS TO DETERMINE SALARIES ARE REASONABLE. THE SALARIES ARE REVIEWD AND APPROVED BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE OVERSIGHT AND SELECTION PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART III, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XII, LINE 2C
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd01
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings