2021-03-03T17:56:44-07:00 2020-08-31 990 2019-09-01 237133739 NORTH TEXAS HIGHER EDUCATION AUTHORITY INC NORT 8172659158 4381 W Green Oaks Blvd Suite 200 Arlington TX 760164452 Phillip Wambsganss Executive Director 8172659158 2021-02-12 2019 2022-09-23 18:48:47Z Phillip Wambsganss 4381 W Green Oaks Blvd Suite 200 Arlington TX 76016 29194235 0 X www.nthea.com X 1979 TX Acquire student loans and provide life of loan servicing of student loans at post secondary level. 6 6 0 6 0 0 0 0 39475043 28142734 2627456 1051501 0 0 42102499 29194235 0 0 0 0 0 0 0 0 0 36353756 24994451 36353756 24994451 5748743 4199784 953487779 841628640 757644523 641359343 195843256 200269297 Provide student loans at post secondary level and life of loan servicing of student loans. 0 0 19579643 27295673 Student Loan Programs: provide funds mostly through issuance of bonds for the purchase and life of loan servicing of FFELP student loans at the post secondary level (124,603 loans outstanding). 0 0 0 19579643 1 0 0 1 0 0 0 0 0 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 X 6 6 0 0 0 0 0 0 1 1 1 0 0 0 1 1 1 1 1 0 0 0 X Higher Education Servicing Corporation 8172659158 4381 W Green Oaks Blvd Suite 200 Arlington TX 760164452 Phillip Wambsganss Executive Director 1 49 X 0 210061 21575 Denise Dunn-Trakshel Controller 1 49 X 0 126881 15770 Amy L Michie CPA Treasurer/Secretary, Board Member 1 0 X X 0 0 0 Governor E Jackson President, Board Member 1 0 X X 0 0 0 Jerry G McCullough Vice President, Board Member 1 0 X X 0 0 0 Tony Pompa Board Member 1 0 X 0 0 0 David Petter- Attorney Board Member 1 0 X 0 0 0 Gracie A Ward Board Member 1 0 X 0 0 0 0 336942 37345 0 0 1 0 Higher Education Servicing Corporation 4381 W Green Oaks Blvd Suite 200 Arlington TX 760164452 Program Administration and Student loan Servicing 7380254 Norton Rose Fulbright US LLP 1301 McKinney Suite 5100 Houston TX 770103095 Legal services (bond counsel, general counsel) 156995 Wells Fargo Bank WF 8113 PO Box 1450 Minneapolis MN 554858113 Trustee services fees 102956 4 X 0 Student loan interest & Govt subsidy 522294 28142734 28142734 0 0 28142734 1051501 0 0 1051501 0 0 0 0 0 0 0 0 0 0 0 0 0 29194235 28142734 0 1051501 X 5088231 5088231 186995 186995 73250 11000 62250 2800 2800 3940726 3883724 57002 671 671 14163829 14163829 1521090 1521090 16859 16859 24994451 19579643 5414808 0 307320 52257 75202210 58219906 0 25711142 28619780 0 0 0 0 0 0 0 0 94579 82076 852172528 754328769 325852 953487779 841628640 3908658 3638296 71205000 0 209976000 232478000 472554865 405243047 757644523 641359343 X 0 0 0 0 195843256 200269297 195843256 200269297 953487779 841628640 4199784 226258 0 0 -1 0 X 0 1 X 1 1 1 X X 1 City of Arlington Texas 756004503 6 1 0 24317445 1 0 24317445 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 2800 2800 24991652 24994452 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 54246 24695 43800 2800 125541 250000 250000 250000 250000 1000000 1500000 0 0 0 0 0 Schedule C, Part II-A, Line 1b NTHEA is a member of the Education Finance Council that engages in some direct lobbying activities. Approximately 8% of NTHEA's membership dues paid to this organization is for the lobbying activity. Net student loan notes receivable 754328769 C 754328769 Bonds payable (taxable) 399678714 Unamortized bond discount (taxable) -1068965 Deferred Income - South Texas Acquisition 6633298 405243047 28743485 226257 0 0 -677007 -450750 29194235 0 0 0 29194235 24317445 0 0 0 0 0 24317445 0 677006 677006 24994451 Schedule D, Part XI, Line 2d Amortization of premium reported with revenue for audit but reported in expense for Form 990. Schedule D, Part XII, Line 4b Amortization of premium reported with revenue for audit but reported in expenses for Form 990. 0 0 0 0 0 0 0 0 0 Phillip Wambsganss Executive Director 0 185192 0 24237 0 632 0 0 0 21575 0 231636 0 218128 Denise Dunn-Trakshel Controller 0 125000 0 1500 0 381 0 0 0 15770 0 142651 0 137973 Form 990, Part VI, Section A, Line 7a NTHEA Board members nominate persons to serve on the Board. However the Governing Body of the City of Arlington, Texas, appoints members to the NTHEA Board of Directors. Form 990, Part VI, Section A, Line 7b The Governing Body of the City of Arlington, Texas, must approve the financings related to proposed bond issues before NTHEA can issue bonds. Form 990, Part VI, Section B, Line 11b The NTHEA Form 990 is prepared by the Controller of Higher Education Servicing Corporation (HESC). The Form 990 is then reviewed and approved by the Treasurer of NTHEA and the Chief Executive Officer of HESC. HESC is the program management company for NTHEA. Form 990, Part VI, Section B, Line 12c A member of NTHEA's Bond Counsel firm attends every Board meeting. The Bond Counsel reviews the conflict of interest policy with the Board members on an annual basis and enforces compliance with the policy. Form 990, Part VI, Section C, Line 19 NTHEA makes its audited financial statements and reports available to the public by placing them on an investment page that can be accessed from the web. NTHEA does not make its governing documents and conflict of interest policy available to the public. Form 990, Part VIII, Line 2a - 2e Income is interest received on outstanding student loans to students and supplemental interest received from the Federal Government for financing of education at post-secondary institutions. Income received is totally related to exempt purposes of funding educational loans. Form 990, Part IX, Line 11g Program expenses: Bond rating expenses $137,500; bond trustee fees $173,623.49; student loan servicing fees $2,292,022.96; borrower benefit write-offs $897,643.57; and cost of issuance fees $327,935.00. Management general expenses: Loan expenses $1,075,204.18; bank service fees $24,802.48; misc expenses $35,000 Higher Education Servicing Corporation 4381 W Green Oaks Blvd Suite 200 Arlington TX 76016 751661098 Program administration and Student Loan Servicer TX 501(C)(3) 12C N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 Higher Education Servicing Corporation m 4013027 Cash