2019-11-14T10:08:13-06:00 2018-12-31 463602660 JOHNSON & SHELDON PLLC PO BOX 509 AMARILLO TX 791050509 990 2018-01-01 455543346 PANHANDLE-PLAINS MANAGEMENT & SERVICING CORPORATION PANH 8063244115 1303 23RD STREET CANYON TX 79015 JIMMY PARKER PRESIDENT 8063244115 2019-11-05 true RICHARD W BLANKENSHIP CPA P00172630 8063717661 2019-11-13 65.200.43.2 2019-11-14 10:08:13 CS P 7D1E51575C8ADB8DC26D13900210F15B6C4FE86E 24B2DD43030EBA64EAE85524960C203142207E95 2018 2020-03-31 21:24:44Z SEE SCHEDULE O JIMMY PARKER 1303 23RD STREET CANYON TX 79015 4814114 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. 4 4 15 0 0 5275980 4814088 21 26 0 5276001 4814114 6700 0 1701962 1775827 0 0 1931863 1540555 3633825 3323082 1642176 1491032 8467350 9847506 527382 416506 7939968 9431000 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 false 432859 240354 MASTER STUDENT LOAN SERVICER FOR PANHANDLE-PLAINS HIGHER EDUCATION AUTHORITY, INC. (PPHEA), PANHANDLE-PLAINS STUDENT FINANCE CORPORATION (PPSFC), AND OTHER ORGANIZATIONS. 1514391 4159389 MANAGEMENT AND OVERSIGHT SERVICES FOR PPHEA AND PPSFC, BOTH ORGANIZATIONS ARE ALSO RELATED NOT-FOR-PROFIT ORGANIZATIONS. 216342 168776 PROVIDE EDUCATIONAL AND CHARITABLE PROGRAMS TO DECREASE STUDENT LOAN DEFAULTS, PROMOTE FINANCIAL AID OUTREACH ACTIVITIES, AND PROMOTE FINANCIAL LITERACY. 577197 6700 245569 IN CONJUNCTION WITH THE PANHANDLE NON-PROFITS, WE HAVE DEVELOPED AND INTRODUCED THE 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). DURING THE FISCAL YEAR 2017-2018, PPMSC BEGAN 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. FOR THE THE 2018 CALENDAR YEAR, THE ORGANIZATION PRESENTED INFORMATION TO APPROXIMATELY 2,818 STUDENTS IN 76 SCHOOLS. 577197 6700 245569 2740789 true false false false false false false false false false true false false false false true true 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 false true false false false true 11 0 15 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 QUINN ALEXANDER CHAIRMAN 2.00 2.00 X X 0 0 0 MICHAEL P RYAN VICE CHAIRMA 2.00 2.00 X X 0 0 0 TAMMY ROARK SECRETARY 2.00 2.00 X X 0 0 0 JAN BENTON DIRECTOR 2.00 2.00 X 0 0 0 JIMMY PARKER PRESIDENT 30.00 10.00 X 216206 0 31352 JOHN WRIGHT SR VICE PRES 30.00 10.00 X 176957 0 44985 ZACH BELL CFO 30.00 10.00 X 135473 0 37220 EARL HUDGINS SR VICE PRES 30.00 10.00 X 101295 0 2731 629931 116288 4 false true false XEROX EDUCATION SERVICES INC PO BOX 201322 DALLAS TX 75320 LOAN SUB-SERVIC 2483843 NELNET INC PO BOX 82561 LINCOLN NE 685012561 LOAN SUB-SERVIC 1949780 2 MAINTENANCE & OPERATIONS 522298 4159389 4159389 FINANCIAL AID CONSULTING SERV 522298 245569 245569 STUDENT LOAN SERVICING REVENU 522298 240354 240354 DEFAULT PREVENTION FEES 522298 168776 168776 4814088 26 26 4814114 4814088 26 6700 6700 598667 412191 186476 769900 653632 116268 111998 92580 19418 200354 164760 35594 94908 78970 15938 12779 12779 22000 22000 168353 135128 33225 2575 2575 74006 37003 37003 88076 49788 38288 60043 30022 30021 35574 17787 17787 972766 972766 48480 24240 24240 TELEPHONE AND COMMUNICATI 41326 20663 20663 DUES AND SUBSCRIPTIONS 13261 6630 6631 TRAINING 576 288 288 MISCELLANEOUS EXPENSES 346 174 172 394 113 281 3323082 2740789 582293 0 5545501 8024647 725554 593016 18625 14545 109014 103297 629676 217369 411629 412307 1657027 699694 8467350 9847506 527382 416506 527382 416506 X 7939968 9431000 7939968 9431000 8467350 9847506 1491032 X false true X true false X X X 2 PANHANDLE-PLAINS HIGHER EDUCATION AUTHORITY INC 237025386 10 true 0 0 PANHANDLE-PLAINS STUDENT FINANCE CORPORATION 752059556 9 true 0 0 2 0 true false false false false false false false false false false false false false false true false 107208 107208 295423 25850 269573 144577 121047 23530 82468 70472 11996 412307 X 4814114 4814114 4814114 3323082 3323082 3323082 SCHEDULE D, PAGE 3, PART X THE CORPORATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC), AND HAS BEEN DETERMINED NOT TO BE A PRIVATE FOUNDATION UNDER SECTION 509(A) OF THE IRC. AS A RESULT, EXCEPT FOR UNRELATED BUSINESS INCOME TAXES FOR A SMALL PORTION OF THE CORPORATION'S UNRELATED FOR-PROFIT LENDERS, INCOME TAXES ARE NOT INCLUDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE CORPORATION COMPLIES WITH FASB ASB TOPIC 740, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES (ASC TOPIC 740), WHICH ADDRESSES THE DETERMINATION OF WHETHER TAX BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED ON A TAX RETURN SHOULD BE RECORDED IN THE FINANCIAL STATEMENTS. UNDER THIS GUIDANCE, THE CORPORATION MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE-LIKELY-THAN-NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. THE TAX BENEFITS RECOGNIZED IN THE FINANCIAL STATEMENTS FROM SUCH POSITIONS ARE MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THE GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES ALSO ADDRESS DE-RECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES ON INCOME TAXES, AND ACCOUNTING IN INTERIM PERIODS. MANAGEMENT EVALUATED THE CORPORATION'S TAX POSITIONS AND CONCLUDED THAT THE CORPORATION HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THIS GUIDANCE. WITH FEW EXCEPTIONS, THE CORPORATION IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE U.S. FEDERAL TAX AUTHORITIES FOR YEARS ENDING BEFORE DECEMBER 31, 2015. false EDUCATIONAL SCHOLARSHIPS 43 6700 X true false X false false false false false false false false false JIMMY PARKER PRESIDENT 196206 20000 16283 15069 247558 JOHN WRIGHT SR VICE PRESIDENT 161957 15000 14148 30837 221942 ZACH BELL CFO 120473 15000 10334 26886 172693 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 4D IN CONJUNCTION WITH THE PANHANDLE NON-PROFITS, WE HAVE DEVELOPED AND INTRODUCED THE 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). DURING THE FISCAL YEAR 2017-2018, PPMSC BEGAN 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. FOR THE THE 2018 CALENDAR YEAR, THE ORGANIZATION PRESENTED INFORMATION TO APPROXIMATELY 2,818 STUDENTS IN 76 SCHOOLS. 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 2018. 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 2018. 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. 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 AUTHORITY INC L 3991222 CASH PANHANDLE-PLAINS STUDENT FINANCE CORPORATION L 307044 CASH