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Brazos Higher Education Authority Inc

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

EIN: 742099402 ✦ Waco, TX ✦ Designated as a 501(c)(3)

Overview

What is Brazos Higher Education Authority Inc?

The Brazos Higher Education Authority Inc, based in Waco, Texas (ZIP code 76712), serves as a secondary market for college student loans under the Federal Family Education Loan Program (FFELP) and other private student loan programs. Their mission is to make education accessible by financing educational opportunities through these loans, which are funded through permanent financial arrangements.


Official website here: www.studentloans.com

Is Brazos Higher Education Authority Inc legitimate?

Brazos Higher Education Authority Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Brazos Higher Education 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 Higher Education Authority Inc?

The Brazos Higher Education Authority Inc is dedicated to making education accessible by supporting various programs and initiatives to finance educational opportunities. As a secondary market for college student loans, the organization operates under the Federal Family Education Loan Program (FFELP) and other private student loan programs. Through these financing options, Brazos Higher Education Authority enables individuals to pursue higher education and realize their academic goals. The organization's mission underscores its commitment to making education a reality for many.


Official website here: www.studentloans.com

Who is the CEO of Brazos Higher Education Authority Inc?

Ricky Turman is the Evp/Coo of Brazos Higher Education Authority Inc.


Official website here: www.studentloans.com

What is the revenue of Brazos Higher Education Authority Inc?

Brazos Higher Education Authority Inc's revenue in 2022 was $31,545,196.


Official website here: www.studentloans.com

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

Here are 15 key members and their salaries:

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

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

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

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

    • Darrell Brooks (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

    • Vicky Smith (Assistant Secretary)
  • Compensation: $0
  • Related: $77,501
  • Other: $21,878

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

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

    • Harry Harelik (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • John Hatchel (President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

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

    • Paul Mcclinton (Vice President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Larry Smith (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.studentloans.com

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

    The Brazos Higher Education 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 Higher Education Authority Inc

    Brazos Higher Education Authority, Inc. (BHEA) is a significant player in the realm of education financing. With a mission to make education a reality, this organization supports various programs and initiatives under the Federal Family Education Loan Program (FFELP) and other private student loan programs. In simpler terms, BHEA functions as a secondary market for college student loans, facilitating access to education for numerous individuals by funding loans through permanent financings.

    Impact

    This information is meant to be a general summary of Brazos Higher Education 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 Higher Education Authority Inc's impact lies in its mission to make education a reality by supporting programs and initiatives to finance educational opportunities. By holding student loans under the Title IV Federal Family Education Loan Program (FFELP) and other private student loan programs, Brazos Higher Education Authority Inc has provided crucial financial support to students pursuing higher education. Through its work as a secondary market of college student loans, Brazos Higher Education Authority Inc has played a significant role in making education accessible to a wider range of individuals, ultimately contributing to the advancement of society through education.





    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: $147,608
  • Program Service Revenue: $31,396,736
  • Gross Receipts: $31,545,196

    • Assets and Liabilities:
  • Total Assets: $991,731,055
  • Total Liabilities: $963,343,890
  • Net Assets: $28,387,165
  • Programs

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

    Interest Received on Student Loans

    Revenue

    $31,188,995

    Late Charges

    Revenue

    $207,741

    Organization Details

    Founding Year

    1975

    Principal Officer

    Ricky Turman

    Main Address

    5609 Crosslake Pkwy, Waco, TX, 76712

    NTEE Category

    Code: B82 - Education

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