nonprofit logo

Brazos Education Loan Authority Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 203868073 ✦ Waco, TX ✦ Designated as a 501(c)(3)

Overview

What is Brazos Education Loan Authority Inc?

Brazos Education Loan Authority Inc, based in Waco, Texas, serves as a secondary market for college student loans under the Federal Family Education Loan Program (FFELP) and HEAL Student Loan Programs. Their mission is to make education a reality by financing educational opportunities through various programs and initiatives. The loans funded by Brazos Education Loan Authority were permanent financed under FFELP and HEAL.


Official website here: www.studentloans.com

Is Brazos Education Loan Authority Inc legitimate?

Brazos Education Loan Authority Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Brazos Education Loan Authority Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.studentloans.com

What is the mission statement of Brazos Education Loan Authority Inc?

The Brazos Education Loan Authority works to make education accessible by supporting initiatives and programs aimed at financing educational opportunities. Through its involvement in the Federal Family Education Loan Program (FFELP) and the HEAL Student Loan Program, the organization holds student loans to help fund higher education. The mission of Brazos Education Loan Authority is to make education a reality for students by facilitating financial support for their educational pursuits. The loans, which are funded through permanent financings, provide essential resources for students to further their education.


Official website here: www.studentloans.com

Who is the CEO of Brazos Education Loan Authority Inc?

Ricky Turman is the President/Ceo of Brazos Education Loan Authority Inc. The CEO's salary of Brazos Education Loan Authority Inc is $0 and their total compensation is $775,096.


Official website here: www.studentloans.com

What is the revenue of Brazos Education Loan Authority Inc?

Brazos Education Loan Authority Inc's revenue in 2022 was $48,416,543.


Official website here: www.studentloans.com

Who are the executives of Brazos Education Loan Authority Inc and what are their salaries?

Here are 12 key members and their salaries (Brazos Education Loan Authority Inc's CEO's salary is $0 and their total compensation is $775,096):

    Thomas Ben Litle (President/Ceo)
  • Compensation: $0
  • Related: $707,065
  • Other: $68,031

    • Ricky Turman (Evp/Coo/Cfo/Treasurer)
  • Compensation: $0
  • Related: $593,678
  • Other: $71,273

    • Kelli Uttech (Svp/General Counsel)
  • Compensation: $0
  • Related: $341,729
  • Other: $63,567

    • Tammy Harralson (Controller)
  • Compensation: $0
  • Related: $234,378
  • Other: $57,610

    • Darrell Brooks (Assistant Treasurer)
  • Compensation: $0
  • Related: $186,941
  • Other: $46,110

    • Susan Davis (Secretary End: 06/21)
  • Compensation: $0
  • Related: $131,448
  • Other: $20,232

    • Tiffany Jones (Secretary)
  • Compensation: $0
  • Related: $84,031
  • Other: $18,574

    • Robert B Chambers (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Claude Ervin (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Peter Kultgen (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Dr Terry Maness (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Clement Milam (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.studentloans.com

    Where can I find the form 990 for Brazos Education Loan Authority Inc?

    The Brazos Education Loan Authority Inc’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.studentloans.com

    Learn more at the official website: www.studentloans.com

    Mission Statement of Brazos Education Loan Authority Inc

    Brazos Education Loan Authority, a secondary market for college student loans under the Federal Family Education Loan Program (FFELP) and HEAL Student Loan Programs, is dedicated to making education a reality. The organization supports various programs and initiatives aimed at financing educational opportunities. Brazos Education Loan Authority's mission is to provide access to student loans that help individuals pursue their educational goals. These loans, funded through permanent financings under FFELP and HEAL, have enabled numerous students to attend and complete their education. By offering financial assistance for education, Brazos Education Loan Authority plays a vital role in empowering students to build a better future for themselves. The organization's commitment to financing educational opportunities has made a significant impact on the lives of many students, enabling them to further their education and achieve their career aspirations.

    Impact

    This information is meant to be a general summary of Brazos Education Loan Authority Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Brazos Education Loan Authority Inc has had a significant impact on making education a reality for many students. By supporting programs and initiatives to finance educational opportunities, Brazos Education Loan Authority has helped countless individuals access the funding they need to pursue higher education. Through holding student loans under the Title IV Federal Family Education Loan Program (FFELP) and HEAL Student Loan Program, Brazos Education Loan Authority has played a crucial role in enabling students to afford their education. Their mission to support educational financing programs underscores their commitment to empowering students and making education more accessible.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $129,039
  • Program Service Revenue: $53,040,851
  • Gross Receipts: $48,416,543

    • Assets and Liabilities:
  • Total Assets: $1,464,923,579
  • Total Liabilities: $1,192,665,537
  • Net Assets: $272,258,042
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    Interest on Student Loans

    Revenue

    $52,746,726

    Late Fees

    Revenue

    $294,125

    Organization Details

    Founding Year

    2005

    Principal Officer

    Ricky Turman

    Main Address

    5609 Crosslake Pkwy, Waco, TX, 76712

    NTEE Category

    Code: B82 - Education

    If you are a representative of Brazos Education Loan Authority Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.