2021-02-19T06:38:44-06:00 2020-06-30 BKD LLP 14241 DALLAS PARKWAY SUITE 1100 DALLAS TX 75254 990 2019-07-01 742534099 Bosque Higher Education Authority Inc % RICKY TURMAN EVP/COO/CFO BOSQ 2547530915 2600 Washington Ave Waco TX 76710 RICKY TURMAN EVP/COO/CFO 2547530915 2021-01-15 true P00742631 9727028262 2019 2022-09-23 18:48:47Z RICKY TURMAN 2600 WASHINGTON AVE WACO TX 76710 4299076 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. 9 9 0 9 0 0 0 0 1009217 4256371 8359 29772 0 12933 1017576 4299076 0 0 0 0 0 0 0 0 0 842786 3266006 842786 3266006 174790 1033070 94837018 79613872 86220116 69965492 8616902 9648380 X BOSQUE HIGHER EDUCATION AUTHORITY INC. (BOSQUE) IS A SECONDARY MARKET OF COLLEGE STUDENT LOANS UNDER THE FEDERAL FAMILY EDUCATION LOAN PROGRAM (FFELP). BOSQUE'S MISSION IS TO MAKE EDUCATION A REALITY BY SUPPORTING PROGRAMS AND INITIATIVES TO FINANCE EDUCATIONAL OPPORTUNITIES. false false 3266006 4269304 BOSQUE HIGHER EDUCATION AUTHORITY INC. SERVICED OVER 5,400 LOANS TOTALING OVER $73.8 MILLION. THIS INCLUDED OVER $73.1 MILLION OF TITLE IV LOANS WITH $700 THOUSAND ALTERNATIVE LOANS. THESE LOANS WERE FUNDED WITH COMPANY FUNDS. 3266006 true false false false false false false false false false false false false false false true true false false false false false false false false false false false false true false false false false false false false false false false false false true true true true false false true 22 0 0 false false false false false false false false false false false false X 9 9 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 2600 WASHINGTON AVE WACO TX 76710 THOMAS BEN LITLE President/CEO 1.0 39.0 X 0 663422 66167 RICKY TURMAN EVP/COO/CFO 1.0 39.0 X 0 558431 70150 KELLI UTTECH VP/GENERAL COUNSEL 1.0 39.0 X 0 308236 61514 TAMMY HARRALSON Controller/VP 1.0 39.0 X 0 212939 54326 DARRELL BROOKS Treasurer 1.0 39.0 X 0 161313 41293 SUSAN DAVIS Secretary 1.0 39.0 X 0 93561 29386 CLAUDE ERVIN Director 1.0 8.0 X 0 0 0 JOHN HATCHEL DIRECTOR 1.0 8.0 X 0 0 0 DR JOSEPH F VELEZ Director 1.0 8.0 X 0 0 0 NORMAN L HAY JR Vice Chairman 1.0 8.0 X 0 0 0 DR TERRY MANESS DIRECTOR 1.0 8.0 X 0 0 0 MRS JOYCE PACKARD CHAIRMAN 1.0 8.0 X 0 0 0 JOHN PERRY DIRECTOR 1.0 8.0 X 0 0 0 LARRY SMITH DIRECTOR 1.0 8.0 X 0 0 0 PAUL MCCLINTON DIRECTOR 1.0 8.0 X 0 0 0 0 1997902 322836 0 false true false 0 0 Interest on Student Loans 522294 4230213 4230213 LATE CHARGES 522294 26158 26158 4256371 29772 29772 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 MISCELLANEOUS EXPENSE 909999 12933 12933 12933 12933 12933 4299076 4269304 29772 0 0 0 0 0 0 0 0 0 0 338337 338337 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1933403 1933403 0 82015 82015 0 DEPT OF EDUCATION REBATE FEE 750856 750856 SERVICING EXPENSE 71039 71039 Bad Debt 57393 57393 RATING FEES 20550 20550 12413 12413 3266006 3266006 0 0 0 0 1511553 1157252 0 0 21 0 0 0 0 0 90295063 75645340 0 0 0 0 0 0 0 0 0 0 0 0 588435 506420 2441946 2304860 94837018 79613872 114527 77074 0 0 0 0 0 0 0 0 0 0 86105589 69888418 0 0 0 0 86220116 69965492 X 8616902 9648380 0 0 0 0 8616902 9648380 94837018 79613872 X 1033070 -1592 X false true X true true true X 0 0 0 0 0 0 253274 294335 187662 1009217 4269304 6013792 0 0 0 253274 294335 187662 1009217 4269304 6013792 0 0 0 6013792 35 153 421 8359 29772 38740 0 35 153 421 8359 29772 38740 0 0 253309 294488 188083 1017576 4299076 6052532 0.99360 0.99540 0.00640 0.00460 X 0 0 X 3548220 -750856 -750856 4299076 4299076 2515150 2515150 750856 750856 3266006 SCHEDULE D, PART X, LINE 2 LIABILITY FOR UNCERTAIN TAX POSITIONS: THE AUTHORITY IS A NOT-FOR-PROFIT PUBLIC BENEFIT CORPORATION, WHICH IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(A) OF THE INTERNAL REVENUE CODE AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3). THE AUTHORITY IS ALSO EXEMPT FROM STATE INCOME TAX. INCOME THAT IS NOT RELATED TO ITS EXEMPT PURPOSES, LESS APPLICABLE DEDUCTIONS, IS SUBJECT TO FEDERAL INCOME TAXES. THE AUTHORITY HAD NO NET UNRELATED BUSINESS INCOME FOR THE YEARS ENDED JUNE 30, 2020 AND 2019. AS SUCH, NO PROVISION FOR FEDERAL OR STATE INCOME TAXES HAS BEEN PROVIDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE AUTHORITY FILES FEDERAL INFORMATION RETURNS IN THE UNITED STATES. THE AUTHORITY MAY BE SUBJECT TO EXAMINATIONS FOR THE TAX YEARS ENDED JUNE 30, 2017, AND LATER BY THE INTERNAL REVENUE SERVICE. THE AUTHORITY IS NOT CURRENTLY UNDER EXAMINATION FOR ANY OPEN TAX YEAR. THE AUTHORITY FOLLOWS THE ACCOUNTING STANDARD RELATED TO THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN THE AUTHORITY'S FINANCIAL STATEMENTS. THE STANDARD PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE AUTHORITY CURRENTLY HAS NO UNCERTAIN TAX POSITIONS. Schedule D, Part XI, Line 2d Reconciliation of Revenue per audited financials with return: Department of Education Rebate Fees $(750,856) SCHEDULE D, PART XII, LINE 4B Reconciliation of expenses per audited financials with return: Department of Education Rebate Fees $750,856 false false false false false false false false false TAMMY HARRALSON Controller/VP 0 186322 0 19605 0 7012 0 47145 0 7181 0 267265 0 0 THOMAS BEN LITLE President/CEO 0 557723 0 53265 0 52434 0 62254 0 3913 0 729589 0 0 RICKY TURMAN EVP/COO/CFO 0 481591 0 47212 0 29628 0 62693 0 7457 0 628581 0 0 DARRELL BROOKS Treasurer 0 144138 0 15812 0 1363 0 36446 0 4847 0 202606 0 0 KELLI UTTECH VP/GENERAL COUNSEL 0 278938 0 28470 0 828 0 58762 0 2752 0 369750 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 FORM 990, PART VI, SECTION A, LINE 1A DELEGATION OF AUTHORITY: THE EXECUTIVE COMMITTEE SHALL CONSIST OF THREE MEMBERS OF THE BOARD OF DIRECTORS. THE EXECUTIVE COMMITTEE SHALL, BETWEEN MEETINGS OF THE BOARD, HAVE ADMINISTRATIVE CONTROL OVER ALL MATTERS OF THE CORPORATION. FORM 990, PART VI, SECTION A, LINE 3 DELEGATION OF DUTIES: BOSQUE HIGHER EDUCATION AUTHORITY HAS A CONTRACT WITH BRAZOS HIGHER EDUCATION SERVICE CORPORATION, INC. TO PERFORM MANAGEMENT AND ADMINISTRATION SERVICES ON BOSQUE'S BEHALF. THIS INCLUDES MANAGEMENT SERVICING ADMINISTRATION FOR THE OUTSTANDING STUDENT LOANS HELD BY BOSQUE. THE SERVICES INCLUDE, BUT ARE NOT LIMITED TO: ACCOUNTING, REPORTING, SERVICING, ORIGINATING, MARKETING, TREASURY, AND COMPLIANCE MONITORING OF THE STUDENT LOANS HELD BY BOSQUE. FORM 990, PART VI, SECTION B, LINE 11B PROCESS TO REVIEW FORM 990: 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, SECTION B, LINE 12C PROCESS FOR MONITORING CONFLICT OF INTEREST POLICY: THE COMPLIANCE DEPARTMENT PREPARES AND DISTRIBUTES A CONFLICT OF INTEREST QUESTIONNAIRE TO ALL BOARD MEMBERS AND EMPLOYEES ANNUALLY. THE COMPLIANCE DEPARTMENT REVIEWS THE QUESTIONNAIRES AND COMPILES A LIST OF POTENTIAL CONFLICTS FOR REVIEW BY THE AUDIT COMMITTEE, 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, SECTION B, 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, SECTION C, LINE 19 PROCESS FOR MAKING DOCUMENTS AVAILABLE: 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 fund balances: Estate Distribution ($369,597) Estate Contribution $368,005 ------------ Total ($1,592) Brazos Education Funding 2015-1 LLC 2600 Washington Avenue Waco TX 76710 371790060 Student Loans DE 3841345 70961143 BOSQUE Brazos Academic Lending Corporation PO BOX 1308 WACO TX 76703 742540458 STUD LOANS TX 501(C)(3) 10 NA true ACAPITA EDUCATION FINANCE CORPORATION PO BOX 1308 WACO TX 76703 742542435 STUD LOANS TX 501(C)(3) 10 NA true BRAZOS EDUCATION LOAN AUTHORITY INC 2600 WASHINGTON AVE WACO TX 76710 203868073 STUD LOANS TX 501(C)(3) 10 NA true BRAZOS EDUCATION FOUNDATION INC 2612 WASHINGTON AVE WACO TX 76710 264562436 GRANT MAKING TX 501(C)(3) 7 BHESC true BRAZOS STUDENT FINANCE CORPORATION PO BOX 1308 WACO TX 76703 742356109 STUD LOANS TX 501(C)(3) 10 NA true BRAZOS HIGHER EDUCATION AUTHORITY INC PO BOX 1308 WACO TX 76703 742099402 STUD LOANS TX 501(C)(3) 10 NA true BRAZOS EDUCATION LENDING CORPORATION 2600 WASHINGTON AVE WACO TX 76710 203870081 STUD LOANS TX 501(C)(3) 10 NA true FEDERATED STUDENT FINANCE CORPORATION 2600 WASHINGTON AVE WACO TX 76710 742536239 STUD LOANS TX 501(C)(3) 10 NA true LLANO HIGHER EDUCATION AUTHORITY INC 2600 WASHINGTON AVE WACO TX 76710 203870219 STUD LOANS TX 501(C)(3) 10 NA true TEXOMA HIGHER EDUCATION AUTHORITY INC 2600 WASHINGTON AVE WACO TX 76710 203868230 STUD LOANS TX 501(C)(3) 10 NA true BRAZOS HIGHER EDUCATION SERVICE CORP PO BOX 1308 WACO TX 76703 742129255 STUD LOANS TX 501(C)(3) 10 NA false BRAZOS ASSET CORPORATION (BAC) 2600 WASHINGTON AVE WACO TX 76710 300835799 INVESTMENT TX SEE PART VII C-CORPORATION true false true true false true false false true false false false false true false false false false false false Brazos Education Loan Authority b 369597 cash Brazos Education Loan Authority c 368005 cash 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.