2019-02-20T09:48:54-07:00 2018-08-31 990 2017-09-01 237133739 NORTH TEXAS HIGHER EDUCATION AUTHORITY INC NORT 8172659158 4381 W Green Oaks Blvd Suite 200 Arlington TX 760164452 Phillip Wambsganss Executive Director 8172659158 2019-01-30 12.147.134.50 2017 2019-02-21 02:37:17Z Phillip Wambsganss 4381 W Green Oaks Blvd Suite 200 Arlington TX 76016 33685610 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 20067640 32594905 513472 1090705 0 0 20581112 33685610 0 0 0 0 0 0 0 0 0 17967923 32276446 17967923 32276446 2613189 1409164 730606591 1082019308 542067299 892404779 188539292 189614529 Provide student loans at post secondary level and life of loan servicing of student loans. 0 0 26263713 0 32594905 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 (176,008 loans outstanding). 0 0 0 26263713 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 1 0 0 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 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 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 Phillip Wambsganss Executive Director 1 49 X 0 227478 23993 Donald Shields Director of Accounting 1 49 X 0 109756 14713 0 337234 38706 7 0 1 0 Higher Education Servicing Corporation 4381 W Green Oaks Blvd Suite 200 Arlington TX 760164452 Program Administration and Student loan Servicing 8752351 Bank of America NA PO Box 660576 Dallas TX 752660576 Commitment & closing fees on financing 895350 NORTON ROSE FULBRIGHT US LLP DEPT 2613 PO BOX 122613 Dallas TX 753122613 legal counsel 210035 Student Loan Capital Strategies LLC 14 WALL STREET 20TH FLOOR New York NY 10005 financial advisory 184000 Chapman & Cutler P O BOX 71291 Chicago IL 60694 legal counsel 148664 7 X 0 Student loan interest and Govt Subsidy 522294 32594905 32594905 0 0 0 0 0 0 32594905 1090705 0 0 1090705 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 33685610 32594905 0 1090705 X 5735202 5735202 120285 120285 73750 11000 62750 24695 24695 5978749 5925814 52935 1090 1090 19663566 19663566 663333 663333 15776 15776 32276446 26263713 6012733 0 36501 163642 74064574 72350805 0 0 12947283 23463075 0 0 0 0 0 0 0 0 58363 78612 643499870 985963175 -1 730606591 1082019308 3103908 5323821 97610000 82600000 250360000 441353391 554120958 542067299 892404779 X 0 0 0 0 188539292 189614529 188539292 189614529 730606591 1082019308 1409164 -333927 0 0 0 0 X 0 1 1 1 1 X X 1 City of Arlington Texas 756004503 6 1 0 31747111 1 0 31747111 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 24695 24695 32251750 32276445 1000000 250000 0 0 851557 902574 1000000 1000000 3754131 5631197 53732 53915 54246 24695 186588 212889 225644 250000 250000 938533 1407800 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 10% of NTHEA's membership dues paid to this organization is for the lobbying activity. NTHEA also engages with Graydon Group and Chartwell Strategy Group LLC to provide state and federal lobbying activities. Net student loan notes receivable 985963175 C 985963175 Net taxable bonds payable 547044579 Unamortized bond discount (taxable) -1453732 Deferred income - South Texas acquisition 8530111 554120958 32822348 -333928 0 0 -529334 -863262 33685610 0 0 0 33685610 31747111 0 0 0 0 0 31747111 0 529335 529335 32276446 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 expense on Form 990 0 0 0 0 0 0 0 0 0 Phillip Wambsganss Executive Director 0 180000 0 46920 0 558 0 15884 0 8109 0 251471 0 0 Donald Shields Director of Accounting 0 98519 0 10067 0 1170 0 7601 0 7112 0 124469 0 0 A NTHEA Series 2010-1 237133739 662826EX0 2010-05-25 207200000 Student Loan Revenue Bonds 0 0 0 B NTHEA Series 2010-2 237133739 662826EY8 2010-10-28 125050000 Student Loan Refunding Bonds, 8/15/08 0 0 0 A 160935000 0 0 518917 0 0 1983106 0 0 201144894 0 0 2010 0 0 1 1 B 88715000 0 0 513132 0 0 0 0 0 6450000 0 0 2010 0 1 1 1 A 0 0 0 0 0 0 0 0 0 1 B 0 0 0 0 0 0 0 0 0 1 A 0 0 0 1 1 0 0 0 1 B 0 0 0 1 1 0 0 0 1 Schedule K, Part IV, Line 2c-05/25/2010 207,200,000 NTHEA Series 2010 1 No liability was due as of the first five year arbitrage rebate installment calculation date of the Bond which was April 30, 2015. Schedule K, Part IV, Line 2c-10/28/2010 125,050,000 NTHEA Series 2010 2 No liability was due as of the first five year arbitrage rebate installment calculation date of the Bond which was April 30, 2015. 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 Corp (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 expense $164,292, Bond trustee fees $144,862, Loan commitment fees $25,000, Student Loan servicing fees $3,017,148, Borrower Benefit write-off's $1,101,180, and Cost of Issuance fees $1,473,331. Mgmt general expenses: Bank service fees $25,648, miscellaneous expense $27,287. 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 4983849 Cash