2021-08-11T16:20:41-05:00 2020-09-30 463602660 JOHNSON & SHELDON PLLC PO BOX 509 AMARILLO TX 791050509 990 2020-01-01 455543346 PANHANDLE-PLAINS MANAGEMENT & SERVICING CORPORATION PANH 8063244115 1303 23RD STREET CANYON TX 79015 JIMMY PARKER PRESIDENT 8063244115 2021-08-10 true RICHARD W BLANKENSHIP CPA P00172630 8063717661 2021-08-10 2019 2022-09-23 18:48:47Z X SEE SCHEDULE O JIMMY PARKER 1303 23RD STREET CANYON TX 79015 651943 false X WWW.PPSLC.COM X 2012 TX MASTER STUDENT LOAN SERVICER FOR PANHANDLE-PLAINS HIGHER EDUCATION AUTHORITY, INC. (PPHEA), PANHANDLE-PLAINS STUDENT FINANCE CORPORATION (PPSFC), AND OTHER ORGANIZATIONS. THE CORPORATION ALSO PERFORMS MANAGEMENT AND OVERSIGHT SERVICES FOR PPHEA AND PPSFC, OF WHICH BOTH ARE ALSO RELATED NOT-FOR-PROFIT ORGANIZATIONS. ALSO PROVIDES EDUCATIONAL AND CHARITABLE PROGRAMS TO DECREASE STUDENT LOAN DEFAULTS, PROMOTE FINANCIAL AID OUTREACH AND FINANCIAL LITERACY. X 4 4 14 0 0 3635909 638954 11653 12989 0 3647562 651943 7300 0 0 1759523 1192998 0 0 1254967 311128 3021790 1504126 625772 -852183 10326182 0 269410 0 10056772 0 X MASTER STUDENT LOAN SERVICER FOR PANHANDLE-PLAINS HIGHER EDUCATION AUTHORITY, INC. (PPHEA), PANHANDLE-PLAINS STUDENT FINANCE CORPORATION (PPSFC), AND OTHER ORGANIZATIONS. THE CORPORATION ALSO PERFORMS MANAGEMENT AND OVERSIGHT SERVICES FOR PPHEA AND PPSFC, OF WHICH BOTH ARE ALSO RELATED NOT-FOR-PROFIT ORGANIZATIONS. ALSO PROVIDES EDUCATIONAL AND CHARITABLE PROGRAMS TO DECREASE STUDENT LOAN DEFAULTS, PROMOTE FINANCIAL AID OUTREACH AND FINANCIAL LITERACY. false true 153861 45862 THROUGH AUGUST 31, 2020, THE ORGANIZATION SERVED AS THE MASTER STUDENT LOAN SERVICER FOR PANHANDLE-PLAINS HIGHER EDUCATION AUTHORITY, INC. (PPHEA), PANHANDLE-PLAINS STUDENT FINANCE CORPORATION (PPSFC), AND OTHER ORGANIZATIONS. 538521 472664 THROUGH AUGUST 31, 2020, THE ORGANIZATION ALSO PROVIDED MANAGEMENT AND OVERSIGHT SERVICES FOR PPHEA AND PPSFC, BOTH ORGANIZATIONS ARE ALSO RELATED NOT-FOR-PROFIT ORGANIZATIONS. 170905 120428 THROUGH AUGUST 31, 2020, THE ORGANIZATION PROVIDED EDUCATIONAL AND CHARITABLE PROGRAMS TO DECREASE STUDENT LOAN DEFAULTS, PROMOTE FINANCIAL AID OUTREACH ACTIVITIES, AND PROMOTE FINANCIAL LITERACY AND SMALL EDUCATIONAL SCHOLARSHIPS. 315511 THROUGH AUGUST 31, 2020, THE ORGANIZATION IN CONJUNCTION WITH THE PANHANDLE NON-PROFITS, PROVIDED FOR SERVICES UTILIZING ITS DEVELOPED STUDENT LOAN ASSISTANCE MANAGER (SLAM), WHICH IS A COHORT DEFAULT RATE MANAGEMENT SYSTEM CREATED TO IMPORT NATIONAL STUDENT LOAN DATA SYSTEMS (NSLDS) DATA AND ALLOW SCHOOLS TO UNDERTAKE DEFAULT PREVENTION ACTIVITIES. THE SYSTEM PROVIDES THE SCHOOL WITH USER-FRIENDLY ACCESS TO NSLDS DATA ON THE STUDENT LOANS OF BORROWERS WHO ATTENDED THE SCHOOL AND CAN BE USED TO IDENTIFY BORROWERS FOR DEFAULT AVERSION ACTIVITIES AND TO ESTIMATE THE INSTITUTION'S COHORT DEFAULT RATE (WHICH IS IMPORTANT FOR SCHOOLS TO HAVE CONTINUED ELIGIBILITY TO PARTICIPATE AND RECEIVE TITLE IV STUDENT AID FUNDS FOR THEIR STUDENTS). THROUGH AUGUST 31, 2020, THE ORGANIZATION PROVIDED AN OUTREACH PROGRAM WITH FOUR COORDINATORS WITH THE PURPOSE OF EDUCATING JUNIOR AND SENIOR HIGH SCHOOL STUDENTS ATTENDING SMALL INDEPENDENT SCHOOL DISTRICTS' ABOUT FINANCIAL AID. 315511 1178798 true 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 false false true false false false false false false false false false false true false false true false false false true 9 0 14 true false false false false false false false false X 4 4 false false false false false false false true true false false true true true true true false true true false X JIMMY PARKER 8063244115 1303 23RD ST CANYON TX 79015 JIMMY PARKER PRESIDENT 30.00 10.00 X 187710 0 32329 JOHN WRIGHT SR VICE PRES 30.00 10.00 X 160728 0 45438 ZACH BELL CFO 30.00 10.00 X 121442 0 30293 QUINN ALEXANDER DIRECTOR 2.00 2.00 X 0 0 0 JAN BENTON VICE CHAIR 2.00 2.00 X X 0 0 0 TAMMY ROARK CHAIR 2.00 2.00 X X 0 0 0 MICHAEL P RYAN SECRETARY 2.00 2.00 X X 0 0 0 469880 108060 3 false true false NELNET INC PO BOX 82561 LINCOLN NE 685012561 LOAN SUB-SERVIC 241740 1 MAINTENANCE & OPERATIONS 522298 472664 472664 FINANCIAL AID CONSULTING SERV 522298 60428 60428 NFP OUTREACH 522298 60000 60000 STUDENT LOAN SERVICING REVENU 522298 19405 19405 INSTITUTIONAL LOAN SERVICING 522298 12184 12184 14273 14273 638954 12989 12989 651943 638954 12989 225901 182047 43854 660609 528487 132122 86162 74099 12063 154252 131114 23138 66074 52859 13215 23706 23706 47250 47250 7131 7131 20893 10446 10447 58626 29313 29313 67222 33612 33610 6662 3331 3331 31228 31228 31512 15756 15756 DUES AND SUBSCRIPTIONS 11123 5561 5562 COLLECTIONS 5698 2851 2847 MISC GAIN/LOSS 63 63 BANK FEES 14 7 7 1504126 1178798 325328 0 8088180 1501603 229023 10128 95189 402059 10326182 0 269410 269410 0 X 10056772 10056772 0 10326182 0 X -852183 -9204589 X false false false X X X 2 PANHANDLE-PLAINS HIGHER EDUCATION AUTHORITY INC 237025386 10 true 8513308 691281 PANHANDLE-PLAINS STUDENT FINANCE CORPORATION 752059556 9 true 0 0 2 8513308 691281 true false false false false false false false false false false false false false false true false 651943 651943 651943 1504126 1504126 1504126 X true false X false false false false false false false false false JIMMY PARKER PRESIDENT 167710 20000 16771 15558 220039 JOHN WRIGHT SR VICE PRESIDENT 145728 15000 14573 30865 206166 ZACH BELL CFO 106442 15000 10644 19649 151735 BUILDINGS 2020-09-30 295423 BV APPX FV 237025386 FOUNDATION 1303 23RD STREET CANYON TX 79015 501C3 CASH 2020-09-30 8513308 CASH 237025386 FOUNDATION 1303 23RD STREET AMARILLO TX 79015 501C3 CONSTRUCTION IN PROGRE 2020-09-30 70000 BV APPX FV 237025386 FOUNDATION 1303 23RD STREET CANYON TX 79015 501C3 EQUIPMENT 2020-09-30 72645 BV APPX FV 237025386 FOUNDATION 1303 23RD STREET CANYON TX 79015 501C3 FURNITURE & SOFTWARE 2020-09-30 78853 BV APPX FV 237025386 FOUNDATION 1303 23RD STREET CANYON TX 79015 501C3 LAND 2020-09-30 455475 BV APPX FV 237025386 FOUNDATION 1303 23RD STREET CANYON TX 79015 501C3 PREPAIDS 2020-09-30 79687 BV APPX FV 237025386 FOUNDATION 1303 23RD STREET CANYON TX 79015 501C3 RECEIVABLES 2020-09-30 14720 BV APPX FV 237025386 FOUNDATION 1303 23RD STREET CANYON TX 79015 501C3 true true false false true false true false SCHEDULE N, PAGE 1, PART I, LINE 2E JIMMY PARKER IS AND WAS ALSO THE EXECUTIVE DIRECTOR THE PANHANDLE-PLAINS HIGHER EDUCATION FOUNDATION BEFORE AND FOLLOWING THE MERGER. ZACH BELL IS AND WAS ALSO THE CFO OF THE PANHANDLE-PLAINS HIGHER EDUCATION FOUNDATION BEFORE AND FOLLOWING THE MERGER. FORM 990, PAGE 1, ITEM C SEE SCHEDULE O PANHANDLE-PLAINS STUDENT LOAN CENTER FORM 990 - ORGANIZATION'S MISSION MASTER STUDENT LOAN SERVICER FOR PANHANDLE-PLAINS HIGHER EDUCATION AUTHORITY, INC. (PPHEA), PANHANDLE-PLAINS STUDENT FINANCE CORPORATION (PPSFC), AND OTHER ORGANIZATIONS. THE CORPORATION ALSO PERFORMS MANAGEMENT AND OVERSIGHT SERVICES FOR PPHEA AND PPSFC, OF WHICH BOTH ARE ALSO RELATED NOT-FOR-PROFIT ORGANIZATIONS. ALSO PROVIDES EDUCATIONAL AND CHARITABLE PROGRAMS TO DECREASE STUDENT LOAN DEFAULTS, PROMOTE FINANCIAL AID OUTREACH AND FINANCIAL LITERACY. FORM 990, PAGE 2, PART III, LINE 3 DURING MAY 2020, MANAGEMENT AND THE BOARD OF THE PANHANDLE- PLAINS MANAGEMENT & SERVICING CORPORATION APPROVED A FINAL PLAN AND RESOLUTION TO MERGE THE CORPORATION INTO THE PANHANDLE-PLAINS HIGHER EDUCATION AUTHORITY, INC. (A 501(C)(3) TAX-EXEMPT ENTITY AND RELATED PARTY ENTITY THROUGH COMMON MANAGEMENT). PREVIOUSLY DURING AUGUST 2019, MANAGEMENT AND THE BOARD OF THE AUTHORITY MERGED THE PANHANDLE-PLAINS STUDENT FINANCE CORPORATION (A 501(C)(3) TAX- EXEMPT ENTITY) INTO THE AUTHORITY. UNDER THIS MERGER, THE MAJORITY OF THE ASSETS AND LIABILITIES OF THE STUDENT FINANCE CORPORATION WERE ABSORBED BY THE AUTHORITY AS OF AUGUST 31,2019, WITH THE REMAINING ASSETS AND LIABILITIES ABSORBED BY JANUARY 31, 2020. THESE TWO SIGNIFICANT EVENTS WILL LEAVE THE AUTHORITY AS THE SURVIVING PANHANDLE-PLAINS ORGANIZATION, FOR WHICH THEN THE AUTHORITY WILL CONVERT TO A PRIVATE FOUNDATION WITH THE PRIMARY MISSION TO INVEST ITS REMAINING FINANCIAL RESOURCES INTO PERPETUITY WITH ITS PRIMARY PROGRAM SERVICES TO AWARD SCHOLARSHIPS TO STUDENTS IN PURSUIT OF THEIR HIGHER EDUCATION GOALS AND GRANTS TO CERTAIN HIGHER EDUCATION ORGANIZATIONS. FORM 990, PAGE 2, PART III, LINE 4D THROUGH AUGUST 31, 2020, THE ORGANIZATION IN CONJUNCTION WITH THE PANHANDLE NON-PROFITS, PROVIDED FOR SERVICES UTILIZING ITS DEVELOPED STUDENT LOAN ASSISTANCE MANAGER (SLAM), WHICH IS A COHORT DEFAULT RATE MANAGEMENT SYSTEM CREATED TO IMPORT NATIONAL STUDENT LOAN DATA SYSTEMS (NSLDS) DATA AND ALLOW SCHOOLS TO UNDERTAKE DEFAULT PREVENTION ACTIVITIES. THE SYSTEM PROVIDES THE SCHOOL WITH USER-FRIENDLY ACCESS TO NSLDS DATA ON THE STUDENT LOANS OF BORROWERS WHO ATTENDED THE SCHOOL AND CAN BE USED TO IDENTIFY BORROWERS FOR DEFAULT AVERSION ACTIVITIES AND TO ESTIMATE THE INSTITUTION'S COHORT DEFAULT RATE (WHICH IS IMPORTANT FOR SCHOOLS TO HAVE CONTINUED ELIGIBILITY TO PARTICIPATE AND RECEIVE TITLE IV STUDENT AID FUNDS FOR THEIR STUDENTS). THROUGH AUGUST 31, 2020, THE ORGANIZATION PROVIDED AN OUTREACH PROGRAM WITH FOUR COORDINATORS WITH THE PURPOSE OF EDUCATING JUNIOR AND SENIOR HIGH SCHOOL STUDENTS ATTENDING SMALL INDEPENDENT SCHOOL DISTRICTS' ABOUT FINANCIAL AID. FORM 990, PAGE 6, PART VI, LINE 11B THE BOARD OF DIRECTORS OF PANHANDLE-PLAINS MANAGEMENT & SERVICING CORPORATION IS PROVIDED AN ELECTRONIC COPY OF THE FORM 990 ONE WEEK PRIOR TO FILING. THE DIRECTORS THEN HAVE A WEEK TO REVIEW AND GIVE COMMENTS BEFORE THE RETURN IS FILED WITH THE INTERNAL REVENUE SERVICE. FORM 990, PAGE 6, PART VI, LINE 12C THE BOARD MEMBERS OF PANHANDLE-PLAINS MANAGEMENT & SERVICING CORPORATION ARE REQUIRED TO UPDATE THEIR CONFLICT OF INTEREST STATEMENT AT THE ANNUAL BOARD OF DIRECTORS MEETING, HELD DURING MAY OF EACH YEAR. A RECORD OF THIS IS KEPT IN THE MINUTES OF THE BOARD MEETING. FORM 990, PAGE 6, PART VI, LINE 15A DURING THE ANNUAL BUDGET APPROVAL PROCESS THE BOARD OF DIRECTORS APPROVE THE SALARIES OF ALL EMPLOYEES, INCLUDING PRESIDENT AND KEY EMPLOYEES. THE BOARD ALSO INCLUDED A 3% RAISE FOR ALL EMPLOYEES FOR 2019. FORM 990, PAGE 6, PART VI, LINE 15B DURING THE ANNUAL BUDGET APPROVAL PROCESS THE BOARD OF DIRECTORS APPROVE THE SALARIES OF ALL EMPLOYEES, INCLUDING PRESIDENT AND KEY EMPLOYEES. THE BOARD ALSO INCLUDED A 3% RAISE FOR ALL EMPLOYEES FOR 2019. FORM 990, PAGE 6, PART VI, LINE 19 PANHANDLE-PLAINS MANAGEMENT & SERVICING CORPORATION MAKES ALL GOVERNING DOCUMENTS, POLICIES, ANNUAL AUDITED FINANCIAL STATEMENTS AND FORM 990S AVAILABLE UPON REQUEST. ARTICLES OF INCORPORATION AND PUBLIC DOCUMENTS ARE PUBLIC INFORMATION AND ARE AVAILABLE FROM THE TEXAS SECRETARY OF STATE. FORM 990, PART XI, LINE 9 TRANSFER TO PANHANDLE PLAINS HIGHER ED FOUNDATION -9,204,589 PANHANDLE-PLAINS HIGHER EDUCATION AUTHORITY INC 1303 23RD STREET CANYON TX 79015 237025386 LENDER TX 501C3 12A N/A false PANHANDLE-PLAINS STUDENT FINANCE CORPORATION 1303 23RD STREET CANYON TX 79015 752059556 LENDER TX 501C3 10 N/A false false false false false false false false false false false false true false false false false false false false PANHANDLE-PLAINS HIGHER EDUCATION FOUNDATION L 483498 CASH PANHANDLE-PLAINS STUDENT FINANCE CORPORATION L 758 CASH PANHANDLE-PLAINS HIGHER EDUCATION FOUNDATION R 9204589 SEE SCHEDULE N