EIN 74-2129255

Brazos Higher Education (Brazos)

IRS 501(c) type
501(c)(3)
Num. employees
35
City
State
Year formed
1980
Most recent tax filings
2022-06-01
Description
The Brazos Higher Education Service Corporation's mission is to provide management and administrative support for affiliated entities student loan servicing needs.
Also known as...
Brazos Higher Education Service Corporation
Total revenues
$12,631,577
2022
Total expenses
$7,608,789
2022
Total assets
$152,724,525
2022
Num. employees
35
2022

Program areas at Brazos

Brazos Higher Education Service Corporation (bhesc) provides administrative and management services for affiliated non-profit entities by serving as master servicer/administrator. These services included administering student loans with outstanding principal in excess of $2.7 billion under the federal family Education loan program (ffelp), heal, teri, and various other alternative loan programs.

Grants made by Brazos

GranteeGrant descriptionAmount
Baylor University (BU)Contribution To Endowment$50,000
Waco Scottish Rite Bodies Charitable FoundationFurther Exempt Purpose of Recipient$15,000

Personnel at Brazos

NameTitleCompensation
Thomas Ben LitlePresident and Chief Executive Officer$707,065
Ricky TurmanExecutive Vice President and Chief Operating Officer and Chief Financial Officer$593,678
Samuel ReddenSenior Vice President and Chief Information Officer$285,677
Andrew EllisVice President Human Resources$252,307
Randall LarsonVice President Sales$226,544
...and 16 more key personnel

Financials for Brazos

RevenuesFYE 06/2022
Total grants, contributions, etc.$0
Program services$9,391,057
Investment income and dividends$2,955,369
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$285,151
Total revenues$12,631,577

Form 990s for Brazos

Fiscal year endingDate received by IRSFormPDF link
2022-062023-02-22990View PDF
2020-062021-04-13990View PDF
2019-062020-11-19990View PDF
2018-062019-05-14990View PDF
2017-062018-04-10990View PDF
...and 7 more Form 990s
Data update history
June 17, 2023
Updated personnel
Identified 2 new personnel
June 13, 2023
Used new vendors
Identified 3 new vendors, including , , and
May 18, 2023
Updated personnel
Identified 1 new personnel
August 21, 2021
Posted financials
Added Form 990 for fiscal year 2019
June 24, 2021
Posted financials
Added Form 990 for fiscal year 2020
Nonprofit Types
SchoolsHeadquarter / parent organizationsCharities
Issues
Education
Characteristics
Political advocacyLobbyingTax deductible donations
General information
Address
5609 Crosslake Pkwy
Waco, TX 76712
Metro area
Waco, TX
Website URL
studentloans.com/ 
Phone
(254) 753-0915
IRS details
EIN
74-2129255
Fiscal year end
June
Taxreturn type
Form 990
Year formed
1980
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
B82: Scholarships, Student Financial Aid Services
NAICS code, primary
522120: Savings Institutions
Parent/child status
Central organization
Free account sign-up

Want updates when Brazos has new information, or want to find more organizations like Brazos Higher Education (Brazos)?

Create free Cause IQ account