2025-04-11T15:55:48+00:00 2024-05-31 440160260 Forvis Mazars LLP 14221 Dallas Parkway Suite 400 Dallas TX 75254 990 2023-07-01 742534099 Bosque Higher Education Authority Inc BOSQ 2547530915 5609 Crosslake Pkwy Waco TX 76712 Ricky Turman EVP/COO/CFO 2025-04-11 true Jeanette Verrelli P00742631 9727028262 2025-04-15 2023 2025-03-06 01:10:19Z X Ricky Turman 5609 Crosslake Pkwy Waco TX 76712 534024 false X WWW.STUDENTLOANS.COM X 1989 TX BOSQUE HIGHER EDUCATION AUTHORITY, INC.'S MISSION IS TO MAKE EDUCATION A REALITY BY SUPPORTING PROGRAMS AND INITIATIVES TO FINANCE EDUCATIONAL OPPORTUNITIES. X 5 5 0 5 0 0 0 0 177265 158106 2692 2979 474985 372939 654942 534024 0 0 0 0 0 0 0 0 0 166982 150907 166982 150907 487960 383117 2326609 0 425 0 2326184 0 X BOSQUE HIGHER EDUCATION AUTHORITY, INC.'S MISSION IS TO MAKE EDUCATION A REALITY BY SUPPORTING PROGRAMS AND INITIATIVES TO FINANCE EDUCATIONAL OPPORTUNITIES. false true 150907 531045 BOSQUE HIGHER EDUCATION AUTHORITY INC. HELD STUDENT LOANS UNDER ALTERNATIVE STUDENT LOAN PROGRAMS. THESE LOANS WERE FUNDED WITH COMPANY FUNDS. 150907 true false false false false false false false false false false false false false false false false false false false false false false false false false false false true false false false false false false false false false false true false false true true true false false true 42 0 true 0 false false false false false false false false false false false false X 5 5 false true false false false false false true true false false true true true true true true false false false X RICKY TURMAN EVPCOOCFO 2547530915 5609 CROSSLAKE PKWY WACO TX 76712 CLAUDE ERVIN DIRECTOR 1.0 7.0 X 0 0 0 DR TERRY MANESS DIRECTOR 1.0 7.0 X 0 0 0 JOHN PERRY DIRECTOR 1.0 7.0 X 0 0 0 LARRY SMITH DIRECTOR 1.0 7.0 X 0 0 0 PAUL MCCLINTON DIRECTOR 1.0 7.0 X 0 0 0 DARRELL BROOKS TREASURER 1.0 39.0 X 0 219241 62199 KELLI UTTECH EVP, GENERAL COUNSEL 1.0 39.0 X 0 398669 78893 RICKY TURMAN EVP/CFO/COO 1.0 39.0 X 0 620836 94644 TAMMY HARRALSON VP/CONTROLLER 1.0 39.0 X 0 246347 67073 THOMAS 'BEN' LITLE PRESIDENT AND CEO 1.0 39.0 X 0 749347 79508 TIFFANY JONES SECRETARY 1.0 39.0 X 0 102795 29339 0 2337235 411656 0 false true false 0 0 0 0 0 0 0 0 0 INTEREST ON STUDENT LOANS 522294 157584 157584 LATE CHARGES 522294 522 522 0 0 0 0 0 0 0 0 0 0 158106 2979 2979 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 BAD DEBT RECOVERY 522294 372939 372939 0 0 0 0 0 0 0 0 372939 534024 531045 0 2979 0 0 146667 146667 0 0 0 0 SERVICING EXPENSE 4240 4240 0 0 0 0 150907 150907 0 0 14094 0 2049 0 0 0 0 0 2296538 0 0 0 0 0 0 0 13928 0 2326609 0 425 0 0 0 0 425 0 X 2326184 2326184 0 2326609 0 X 383117 -2709301 X false false false X 0 4269304 3473591 2489122 652250 531045 11415312 0 0 0 4269304 3473591 2489122 652250 531045 11415312 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 11415312 29772 888 1170 2692 2979 37501 0 29772 888 1170 2692 2979 37501 0 0 0 0 0 0 0 4299076 3474479 2490292 654942 534024 11452813 0.9967 0.9967 0 0.0036 X false false false false false false false false false THOMAS 'BEN' LITLE PRESIDENT AND CEO 0 684179 0 64393 0 775 0 74379 0 5129 0 828855 0 0 RICKY TURMAN EVP/CFO/COO 0 564635 0 56201 0 0 0 74928 0 19716 0 715480 0 0 KELLI UTTECH EVP, GENERAL COUNSEL 0 362985 0 35684 0 0 0 72665 0 6228 0 477562 0 0 TAMMY HARRALSON VP/CONTROLLER 0 222782 0 23565 0 0 0 54937 0 12136 0 313420 0 0 DARRELL BROOKS TREASURER 0 197987 0 21254 0 0 0 48922 0 13277 0 281440 0 0 Schedule J, Part I, Line 3 COMPENSATION OF PRESIDENT THE PRESIDENT IS COMPENSATED BY BRAZOS HIGHER EDUCATION SERVICE CORPORATION, A RELATED ORGANIZATION. THE FOLLOWING METHODS ARE USED TO ESTABLISH THE PRESIDENT'S COMPENSATION BY THE RELATED ORGANIZATION: - INDEPENDENT COMPENSATION CONSULTANT - COMPENSATION SURVEY OR STUDY - APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE Short-term Investments 2024-05-31 635 Book 203868073 Brazos Education Loan Authority Inc 5609 Crosslake Parkway Waco TX 76712 501(c)(3) Interest Receivable 2024-05-31 13814 Book 203868073 Brazos Education Loan Authority Inc 5609 Crosslake Parkway Waco TX 76712 501(c)(3) Notes Receivable 2024-05-31 1665106 Book 203868073 Brazos Education Loan Authority Inc 5609 Crosslake Parkway Waco TX 76712 501(c)(3) Accounts Receivable 2024-05-31 146 Book 203868073 Brazos Education Loan Authority Inc 5609 Crosslake Parkway Waco TX 76712 501(c)(3) Servicing Payable 2024-05-31 -400 Book 203868073 Brazos Education Loan Authority Inc 5609 Crosslake Parkway Waco TX 76712 501(c)(3) false false false false true true true true false ALL REMAINING ASSETS AND EQUITY WERE MERGED INTO BRAZOS EDUCATION LOAN AUTHORITY 2024-05-31 1679301 BOOK 203868073 BRAZOS EDUCATION LOAN AUTHORITY INC 5609 CROSSLAKE PARKWAY Waco TX 76712 501(C)3 false false false false Form 990, Part III, Line 3 Significant changes in program services COMPANY MERGED INTO BRAZOS EDUCATION LOAN AUTHORITY ON 5/31/2024. Form 990, Part VI, Line 15 PROCESS FOR DETERMINING COMPENSATION THE COMPENSATION OF THE CEO (OR EXECUTIVE DIRECTOR, AS APPLICABLE), OFFICERS, AND KEY EMPLOYEES OF THE BOSQUE HIGHER EDUCATION AUTHORITY INC IS PAID BY A RELATED ORGANIZATION, AND IS DETERMINED UNDER THE POLICIES OF THE RESPECTIVE RELATED ORGANIZATION. Form 990, Part VI, Line 3 Delegation of management duties BOSQUE HIGHER EDUCATION AUTHORITY, INC. (BOSQUE) HAS A CONTRACT WITH BRAZOS HIGHER EDUCATION SERVICE CORPORATION, INC. TO PERFORM MANAGEMENT AND ADMINISTRATION SERVICES ON BOSQUE'S BEHALF. THIS INCLUDES PROGRAM ADMINISTRATION FOR THE OUTSTANDING STUDENT LOANS HELD BY BOSQUE. THE SERVICES INCLUDE, BUT ARE NOT LIMITED TO: ACCOUNTING, REPORTING, ORIGINATING, MARKETING, TREASURY, AND BOND INDENTURE ADMINISTRATION AND COMPLIANCE MONITORING OF THE STUDENT LOANS HELD BY BOSQUE. Form 990, Part VI, Line 11b Review of form 990 by governing body THE FORM 990 IS PROVIDED TO SENIOR MANAGEMENT FOR REVIEW. AFTER THIS REVIEW, THE RETURN IS POSTED ON A SECURE WEBSITE FOR REVIEW BY THE BOARD OF DIRECTORS. THE BOARD IS NOTIFIED OF THE POSTING AND ASKED TO PROVIDE COMMENTS OR QUESTIONS. COMMENTS OR QUESTIONS ARE INVESTIGATED AND RESOLVED OR DISCLOSED TO THE BOARD. UPON COMPLETION OF THE PROCESS, THE RETURN IS FILED. Form 990, Part VI, Line 12c Conflict of interest policy THE LEGAL DEPARTMENT PREPARES AND DISTRIBUTES A CONFLICT OF INTEREST QUESTIONNAIRE TO ALL BOARD MEMBERS AND EMPLOYEES ANNUALLY. THE LEGAL DEPARTMENT REVIEWS THE QUESTIONNAIRES AND COMPILES A LIST OF POTENTIAL CONFLICTS FOR REVIEW BY SENIOR MANAGEMENT AND THE BOARD OF DIRECTORS. POTENTIAL CONFLICTS ARE ASSESSED AND RESOLVED IF DETERMINED TO BE AT RISK. IF A CONFLICT IS FOUND TO EXIST, THE CONFLICTED BOARD MEMBER ABSTAINS FROM VOTING. Form 990, Part VI, Line 19 Required documents available to the public THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. Form 990, Part XI, Line 9 Other changes in net assets or fund balances ESTATE DISTRIBUTION - -1030000; NET EQUITY MERGED INTO RELATED ENTITY - -1679301; BRAZOS EDUCATION FOUNDATION INC 5609 CROSSLAKE PKWY WACO TX 76712 264562436 GRANT MAKING TX 501(c)(3) 7 BHESC true BRAZOS HIGHER EDUCATION AUTHORITY INC 5609 CROSSLAKE PKWY WACO TX 76712 742099402 STUD LOANS TX 501(c)(3) 10 NA true BRAZOS EDUCATION LOAN AUTHORITY INC 5609 CROSSLAKE PKWY WACO TX 76712 203868073 STUD LOANS TX 501(c)(3) 10 NA true BRAZOS STUDENT FINANCE CORPORATION 5609 CROSSLAKE PKWY WACO TX 76712 742356109 STUD LOANS TX 501(c)(3) 10 NA true BRAZOS HIGHER EDUCATION SERVICE CORP 5609 CROSSLAKE PKWY WACO TX 76712 742129255 STUD LOANS TX 501(c)(3) Type II NA false BRAZOS EDUCATION LENDING CORPORATION 5609 CROSSLAKE PKWY WACO TX 76712 203870081 STUD LOANS TX 501(c)(3) 10 NA true FEDERATED STUDENT FINANCE CORPORATION 5609 CROSSLAKE PKWY WACO TX 76712 742536239 STUD LOANS TX 501(c)(3) 10 NA true BRAZOS ASSET CORPORATION (BAC) 5609 CROSSLAKE PKWY WACO TX 76712 300835799 INVESTMENT TX Na C Corporation true false true false false false false false false false false false false true false false false false true false BRAZOS EDUCATION LOAN AUTHORITY INC R 1679301 Book Value Schedule R, Part IV IDENTIFICATION OF RELATED ORGANIZATIONS TAXABLE AS CORP OR TRUST NAME OF RELATED ORGANIZATION: BRAZOS ASSET CORP PRIMARY ACTIVTY: FINANCE-TRANS INVOLVING CREATION/LIQUIDATION/OWNERSHIP OF FINANCIAL ASSETS DIRECT CONTROLLING ENTITY: BRAZOS HIGHER EDUCATION SERVICE CORPORATION, INC.