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EIN 74-2129255

Brazos Higher Education (Brazos)

IRS 501(c) type
501(c)(3)
Num. employees
35
City
Waco
State
Texas
Year formed
1980
Most recent tax filings
2023-06-01
NTEE code, primary
B82: Scholarships, Student Financial Aid Services
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
$16,305,011
2023
Total expenses
$8,053,886
2023
Total assets
$212,610,560
2023
Num. employees
35
2023

Program areas at Brazos

Brazos Higher Education Service Corporation (bhesc) provides administrative and management services for affiliated non-profit entities by serving as administrator. These services included administering student loans with outstanding principal in excess of $1.9 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$7,500

Personnel at Brazos

NameTitleCompensation
Thomas Ben LitlePresident and Chief Executive Officer$691,410
Ricky TurmanExecutive Vice President and Chief Operating Officer and Chief Financial Officer$632,670
Samuel ReddenSenior Vice President and Chief Information Officer$305,125
Nan MacDonaldVice President Marketing$84,610
Andrew EllisVice President Human Resources$296,218
...and 19 more key personnel

Financials for Brazos

RevenuesFYE 06/2023
Total grants, contributions, etc.$0
Program services$9,508,446
Investment income and dividends$6,791,655
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$4,910
Total revenues$16,305,011

Form 990s for Brazos

Fiscal year endingDate received by IRSFormPDF link
2023-062024-04-02990View PDF
2022-062023-02-22990View PDF
2021-062022-02-09990View PDF
2020-062021-04-13990View PDF
2019-062020-11-19990View PDF
...and 9 more Form 990s
Data update history
May 20, 2024
Posted financials
Added Form 990 for fiscal year 2023
May 19, 2024
Updated personnel
Identified 5 new personnel
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
June 20, 2023
Posted financials
Added Form 990 for fiscal year 2022
June 17, 2023
Updated personnel
Identified 2 new personnel
Nonprofit Types
SchoolsHeadquarter / parent organizationsCharities
Issues
Education
Characteristics
Political advocacyLobbyingTax deductible donationsAccepts online donations
General information
Address
5609 Crosslake Pkwy
Waco, TX 76712
Metro area
Waco, TX
County
McLennan County, 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
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