BRAZOS HIGHER EDUCATION SERVICE CORPORATION INC: Form 990, tax year 2017
View the entire original 990 at ProPublica ↗
- Organization
- BRAZOS HIGHER EDUCATION SERVICE CORPORATION INC (EIN 74-2129255)
- Tax period
- 2017-07-01 to 2018-06-30
- Filed
- 2019-03-11
- IRS object ID
- 201920709349301007
- Schema version
- 2017v2.3
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule C
- Schedule D
- Schedule I
- Schedule J
- Schedule L
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2019-03-11T16:00:11-05:00 | ReturnTs |
| Tax Period End | 2018-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BKD LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 14241 DALLAS PARKWAY SUITE 1100 | AddressLine1Txt |
| City | DALLAS | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 75254 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2017-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 742129255 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Brazos Higher Education Service | BusinessNameLine1Txt |
| Business Name Line2 | Corporation Inc | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of | % RICKY TURMAN EVP/CFO | InCareOfNm |
| Business Name Control | BRAZ | BusinessNameControlTxt |
| Phone | 2547530915 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2600 Washington Ave | AddressLine1Txt |
| City | Waco | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 76710 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | RICKY TURMAN | PersonNm |
| Person Title | EVP/CFO | PersonTitleTxt |
| Phone | 2547530915 | PhoneNum |
| Signature | 2019-05-15 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Jeanette Verrelli | PreparerPersonNm |
| PTIN | P00742631 | PTIN |
| Phone | 9727028262 | PhoneNum |
Filing Security Information FilingSecurityInformation
IP Address IPAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| I Pv4 Address | 167.68.126.162 | IPv4AddressTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Federal Original Submission Id | 75465920190705000033 | FederalOriginalSubmissionId |
| Federal Original Submission Id | 2019-03-11 | FederalOriginalSubmissionIdDt |
| Filing License Type | P | FilingLicenseTypeCd |
| At Submission Creation Device Id | 98C67C06075FADA3594A58B7FA41D63CA3097B7E | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | ACBA2431EF37DEF71821A9057AFD5F2E9C389335 | AtSubmissionFilingDeviceId |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2017 | TaxYr |
| Build TS | 2019-02-21 02:37:17Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | RICKY TURMAN | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2600 WASHINGTON AVE | AddressLine1Txt |
| City | WACO | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 76710 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $13,345,563 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.STUDENTLOANS.COM | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1980 | FormationYr |
| Legal Domicile State | TX | LegalDomicileStateCd |
| Activity Or Mission | TO PROVIDE MANAGEMENT AND ADMINISTRATIVE SUPPORT FOR AFFILIATED STUDENT LOAN ENTITIES. | ActivityOrMissionDesc |
| Voting Members Governing Body | 9 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 8 | VotingMembersIndependentCnt |
| Total Employee | 40 | TotalEmployeeCnt |
| Total Volunteers | 8 | TotalVolunteersCnt |
| Total Gross UBI | $237,868 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $0 | PYContributionsGrantsAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $10,894,931 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $9,479,569 | CYProgramServiceRevenueAmt |
| PY Investment Income | $2,307,404 | PYInvestmentIncomeAmt |
| CY Investment Income | $1,226,806 | CYInvestmentIncomeAmt |
| PY Other Revenue | $1,115,475 | PYOtherRevenueAmt |
| CY Other Revenue | $637,507 | CYOtherRevenueAmt |
| PY Total Revenue | $14,317,810 | PYTotalRevenueAmt |
| CY Total Revenue | $11,343,882 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $213,724 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $148,961 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $6,947,128 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $7,048,856 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $5,302,933 | PYOtherExpensesAmt |
| CY Other Expenses | $1,510,424 | CYOtherExpensesAmt |
| PY Total Expenses | $12,463,785 | PYTotalExpensesAmt |
| CY Total Expenses | $8,708,241 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $1,854,025 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $2,635,641 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $74,845,733 | TotalAssetsBOYAmt |
| Total Assets EOY | $75,470,768 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $18,849,555 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $15,571,027 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $55,996,178 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $59,899,741 | NetAssetsOrFundBalancesEOYAmt |
| Mission | TO PROVIDE MANAGEMENT AND ADMINISTRATIVE SUPPORT FOR AFFILIATED STUDENT LOAN ENTITIES. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Expense | $6,733,653 | ExpenseAmt |
| Grant | $134,065 | GrantAmt |
| Revenue | $9,481,058 | RevenueAmt |
| Desc | ADMINISTRATIVE AND MANAGEMENT SERVICES FOR AFFILIATED NON-PROFIT ENTITIES. AS MASTER SERVICER, BRAZOS HIGHER EDUCATION SERVICE CORPORATION PROVIDED MANAGEMENT SERVICES FOR AFFILIATED ENTITIES. THIS INCLUDED ADMINISTERING OVER 745,000 LOANS WITH OUTSTANDING PRINCIPAL IN EXCESS OF $5.1 BILLION UNDER THE FEDERAL FAMILY EDUCATION LOAN PROGRAM (FFELP), HEAL, TERI, AND VARIOUS OTHER ALTERNATIVE LOAN PROGRAMS. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $748,184 | ExpenseAmt |
| Grant | $14,896 | GrantAmt |
| Desc | BRAZOS FOUNDATION - BHESC PROVIDES SUPPORT FOR THE BRAZOS EDUCATION FOUNDATION (FOUNDATION) BY UNDERWRITING THE ADMINISTRATIVE EXPENDITURES OF THE FOUNDATION. THE FOUNDATION PROVIDES GRANTS AND SCHOLARSHIPS TO QUALIFIED HIGH SCHOOL STUDENTS FOR THE PURPOSE OF ATTENDING POST-SECONDARY OR GRADUATE INSTITUTIONS. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $7,481,837 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (true) | DescribedInSection501c3Ind |
| Schedule B Required | false | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Lobbying Activities | Yes (true) | LobbyingActivitiesInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | false | CollectionsOfArtInd |
| Credit Counseling | false | CreditCounselingInd |
| Temp Or Permanent Endowments | false | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (true) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | false | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | false | ReportProgramRelatedInvstInd |
| Report Other Assets | Yes (true) | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (true) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (true) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | false | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (true) | ConsolidatedAuditFinclStmtInd |
| School Operating | false | SchoolOperatingInd |
| Foreign Office | false | ForeignOfficeInd |
| Foreign Activities | false | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | false | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | Yes (true) | GrantsToOrganizationsInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Schedule J Required | Yes (true) | ScheduleJRequiredInd |
| Tax Exempt Bonds | false | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | false | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | false | PYExcessBenefitTransInd |
| Loan Outstanding | Yes (true) | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | false | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | false | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | false | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | false | DisregardedEntityInd |
| Related Entity | Yes (true) | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (true) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | Yes (true) | TransactionWithControlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | false | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 31 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Employee | 40 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (true) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (true) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (true) | Form990TFiledInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | false | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 9 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 8 | IndependentVotingMemberCnt |
| Family Or Business Rln | Yes (true) | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | false | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | false | MembersOrStockholdersInd |
| Election Of Board Members | false | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | false | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | false | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (true) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (true) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (true) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (true) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (true) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (true) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (true) | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | RICKY TURMAN EVPCFO | PersonNm |
| Phone | 2547530915 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2600 WASHINGTON AVE | AddressLine1Txt |
| City | WACO | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 76710 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part VII | Yes (X) | InfoInScheduleOPartVIIInd |
Form990 Part VII Section A Form990PartVIISectionAGrp (26 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | OfficerOfficerInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd | Former Ofcr Director TrusteeFormerOfcrDirectorTrusteeInd |
|---|---|---|---|---|---|---|---|---|---|
| Bob Chambers | |||||||||
| Director | 1.0 | 10.0 | Yes (X) | $0 | $0 | $0 | |||
| Tom Chase | |||||||||
| Director | 1.0 | 10.0 | Yes (X) | $0 | $0 | $0 | |||
| Norman Hay Jr | |||||||||
| Director | 1.0 | 10.0 | Yes (X) | $0 | $0 | $0 | |||
| Wilton Lanning | |||||||||
| Director | 1.0 | 10.0 | Yes (X) | $0 | $0 | $0 | |||
| Dr Terry Maness | |||||||||
| Director | 1.0 | 10.0 | Yes (X) | $0 | $0 | $0 | |||
| Mrs Joyce Packard | |||||||||
| Director | 1.0 | 10.0 | Yes (X) | $0 | $0 | $0 | |||
| John Perry | |||||||||
| Director | 1.0 | 10.0 | Yes (X) | $0 | $0 | $0 | |||
| Dr Joseph Velez | |||||||||
| Director | 1.0 | 10.0 | Yes (X) | $0 | $0 | $0 | |||
| John Hatchel | |||||||||
| Director | 1.0 | 10.0 | Yes (X) | $0 | $0 | $0 | |||
| Murray Watson | |||||||||
| President | 29.0 | 11.0 | Yes (X) | $1,080,748 | $0 | $60,121 | Yes (X) | ||
| Thomas Ben Litle | |||||||||
| EVP/COO | 29.0 | 11.0 | $427,380 | $0 | $59,454 | Yes (X) | |||
| Ricky Turman | |||||||||
| EVP/CFO | 29.0 | 11.0 | $417,416 | $0 | $74,200 | Yes (X) | |||
| Andrew Ellis | |||||||||
| VP, Human Resources | 39.0 | 1.0 | $192,793 | $0 | $50,041 | Yes (X) | |||
| Samuel Redden | |||||||||
| SVP/CIO | 39.0 | 1.0 | $250,157 | $0 | $59,990 | Yes (X) | |||
| Tammy Harralson | |||||||||
| Controller/VP | 30.0 | 10.0 | $195,999 | $0 | $43,836 | Yes (X) | |||
| Randall Larson | |||||||||
| VP, Special Projects | 39.0 | 1.0 | $204,328 | $0 | $44,555 | Yes (X) | |||
| Janice White | |||||||||
| Asst. Secretary - End 07/2017 | 30.0 | 10.0 | $227,509 | $0 | $24,344 | Yes (X) | |||
| Susan Davis | |||||||||
| Secretary | 29.0 | 11.0 | $86,403 | $0 | $26,568 | Yes (X) | |||
| Darrell Brooks | |||||||||
| Treasurer | 30.0 | 10.0 | $143,765 | $0 | $44,561 | Yes (X) | |||
| Vicky Smith | |||||||||
| Assistant Secretary | 40.0 | 0.0 | $38,893 | $0 | $13,321 | Yes (X) | |||
| John M Wright | |||||||||
| Business Analytics Director | 40.0 | 0.0 | $156,035 | $0 | $44,613 | Yes (X) | |||
| Sarah Maccarthy | |||||||||
| VP, Compliance | 40.0 | 0.0 | $163,769 | $0 | $33,772 | Yes (X) | |||
| Milicent Larson | |||||||||
| Exec Dir, Brazos Fdn | 1.0 | 39.0 | $139,310 | $0 | $37,185 | Yes (X) | |||
| Debra Urias | |||||||||
| VP, Customer Relations | 40.0 | 0.0 | $141,274 | $0 | $31,479 | Yes (X) | |||
| Justin Green | |||||||||
| Financial Svs Director | 40.0 | 0.0 | $210,323 | $0 | $48,798 | Yes (X) | |||
| Kelli Villarrial | |||||||||
| VP, Assoc. Gen. Counsel | 30.0 | 10.0 | $282,995 | $0 | $51,147 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $4,359,097 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $747,985 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 15 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | Yes (true) | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (true) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (2 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| CLAYBORN SOFTWARE CONSULTANTS | |||||
| 304 ROGERS HILL ROAD | WACO | TX | 76705 | SOFTWARE CONSULTING | $148,975 |
| BKD LLP | |||||
| 14241 DALLAS PARKWAY SUITE 1100 | DALLAS | TX | 752542961 | AUDIT AND TAX SVC | $116,550 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 2 | CntrctRcvdGreaterThan100KCnt |
| Total Contributions | $0 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (4 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt |
|---|---|---|---|---|
| Operating Income | 522294 | $6,919,586 | $6,919,586 | |
| BENEFICIAL INTEREST (M&O) | 522294 | $1,768,540 | $1,768,540 | |
| Commission Income | 522294 | $785,443 | $785,443 | |
| Administrative Service Income | 522294 | $6,000 | $6,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $9,479,569 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,366,560 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | $231,868 | UnrelatedBusinessRevenueAmt |
| Exclusion | $1,134,692 | ExclusionAmt |
Incm From Invest Bond Proceeds IncmFromInvestBondProceedsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Royalties Revenue RoyaltiesRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,241 | TotalRevenueColumnAmt |
| Exclusion | $1,241 | ExclusionAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $0 | RealAmt |
| Personal | $0 | PersonalAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $1,826,177 | SecuritiesAmt |
| Other | $35,750 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $2,001,681 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | -$175,504 | SecuritiesAmt |
| Other | $35,750 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$139,754 | TotalRevenueColumnAmt |
| Exclusion | -$139,754 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraising Gross Income | $0 | FundraisingGrossIncomeAmt |
| Fundraising Direct Expenses | $0 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gaming Gross Income | $0 | GamingGrossIncomeAmt |
| Gaming Direct Expenses | $0 | GamingDirectExpensesAmt |
Net Income From Gaming NetIncomeFromGamingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | $0 | GrossSalesOfInventoryAmt |
| Cost Of Goods Sold | $0 | CostOfGoodsSoldAmt |
Net Income Or Loss NetIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Other Revenue Misc OtherRevenueMiscGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | ExclusionExclusionAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|---|
| SETTLEMENT INCOME | 900099 | $634,777 | $634,777 | |
| Miscellaneous Revenue | 522294 | $1,489 | $1,489 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $636,266 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $11,343,882 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $9,475,058 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $237,868 | UnrelatedBusinessRevenueAmt |
| Exclusion | $1,630,956 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $148,961 | TotalAmt |
| Program Services | $148,961 | ProgramServicesAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Foreign Grants ForeignGrantsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Benefits To Members BenefitsToMembersGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,489,075 | TotalAmt |
| Program Services | $3,140,167 | ProgramServicesAmt |
| Management And General | $348,908 | ManagementAndGeneralAmt |
Comp Disqual Persons CompDisqualPersonsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $324,036 | TotalAmt |
| Program Services | $291,632 | ProgramServicesAmt |
| Management And General | $32,404 | ManagementAndGeneralAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,110,430 | TotalAmt |
| Program Services | $1,899,387 | ProgramServicesAmt |
| Management And General | $211,043 | ManagementAndGeneralAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $227,063 | TotalAmt |
| Program Services | $204,357 | ProgramServicesAmt |
| Management And General | $22,706 | ManagementAndGeneralAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $620,412 | TotalAmt |
| Program Services | $558,371 | ProgramServicesAmt |
| Management And General | $62,041 | ManagementAndGeneralAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $277,840 | TotalAmt |
| Program Services | $250,056 | ProgramServicesAmt |
| Management And General | $27,784 | ManagementAndGeneralAmt |
Fees For Services Management FeesForServicesManagementGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $29,874 | TotalAmt |
| Program Services | $26,887 | ProgramServicesAmt |
| Management And General | $2,987 | ManagementAndGeneralAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $71,247 | TotalAmt |
| Management And General | $71,247 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $141,571 | TotalAmt |
| Management And General | $141,571 | ManagementAndGeneralAmt |
Fees For Services Lobbying FeesForServicesLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $79,500 | TotalAmt |
| Management And General | $79,500 | ManagementAndGeneralAmt |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $96,095 | TotalAmt |
| Management And General | $96,095 | ManagementAndGeneralAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $22,961 | TotalAmt |
| Program Services | $22,961 | ProgramServicesAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $234,664 | TotalAmt |
| Program Services | $211,198 | ProgramServicesAmt |
| Management And General | $23,466 | ManagementAndGeneralAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $141,161 | TotalAmt |
| Program Services | $127,045 | ProgramServicesAmt |
| Management And General | $14,116 | ManagementAndGeneralAmt |
Royalties RoyaltiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $141,583 | TotalAmt |
| Program Services | $127,425 | ProgramServicesAmt |
| Management And General | $14,158 | ManagementAndGeneralAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $34,110 | TotalAmt |
| Program Services | $30,699 | ProgramServicesAmt |
| Management And General | $3,411 | ManagementAndGeneralAmt |
Pymt Travel Entrtnmnt Pub Ofcl PymtTravelEntrtnmntPubOfclGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $23,716 | TotalAmt |
| Program Services | $21,344 | ProgramServicesAmt |
| Management And General | $2,372 | ManagementAndGeneralAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $93,999 | TotalAmt |
| Program Services | $84,599 | ProgramServicesAmt |
| Management And General | $9,400 | ManagementAndGeneralAmt |
Payments To Affiliates PaymentsToAffiliatesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $82,682 | TotalAmt |
| Program Services | $74,414 | ProgramServicesAmt |
| Management And General | $8,268 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $70,638 | TotalAmt |
| Program Services | $63,574 | ProgramServicesAmt |
| Management And General | $7,064 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt |
|---|---|---|---|
| DEVELOPMENT FEES | $122,500 | $110,250 | $12,250 |
| ADMINISTRATIVE EXPENSE | $37,648 | $33,883 | $3,765 |
| SPECIAL EVENT EXPENSE | $39,240 | $35,316 | $3,924 |
| BAD DEBT EXPENSE | $25,778 | $25,778 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $21,457 | TotalAmt |
| Program Services | $19,311 | ProgramServicesAmt |
| Management And General | $2,146 | ManagementAndGeneralAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $8,708,241 | TotalAmt |
| Program Services | $7,481,837 | ProgramServicesAmt |
| Management And General | $1,226,404 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $694,893 | BOYAmt |
| EOY | $583,880 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,590,876 | BOYAmt |
| EOY | $1,069,420 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $68,476 | BOYAmt |
| EOY | $60,532 | EOYAmt |
Receivables From Officers Etc ReceivablesFromOfficersEtcGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $638,221 | BOYAmt |
| EOY | $616,821 | EOYAmt |
Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $93,488 | BOYAmt |
| EOY | $68,579 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $2,313,605 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $1,679,115 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $717,173 | BOYAmt |
| EOY | $634,490 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $23,614,433 | BOYAmt |
| EOY | $18,963,203 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,910,106 | BOYAmt |
| EOY | $3,554,772 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Intangible Assets IntangibleAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $35,518,067 | BOYAmt |
| EOY | $49,919,071 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $74,845,733 | BOYAmt |
| EOY | $75,470,768 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,449,127 | BOYAmt |
| EOY | $2,503,083 | EOYAmt |
Grants Payable GrantsPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,953,573 | BOYAmt |
| EOY | $6,641,882 | EOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Escrow Account Liability EscrowAccountLiabilityGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Loans From Officers Directors LoansFromOfficersDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,223,000 | BOYAmt |
| EOY | $1,013,000 | EOYAmt |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,223,855 | BOYAmt |
| EOY | $5,413,062 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $18,849,555 | BOYAmt |
| EOY | $15,571,027 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Org Does Not Follow SFAS117 | Yes (X) | OrgDoesNotFollowSFAS117Ind |
Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $55,996,178 | BOYAmt |
| EOY | $59,899,741 | EOYAmt |
Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $55,996,178 | BOYAmt |
| EOY | $59,899,741 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $74,845,733 | BOYAmt |
| EOY | $75,470,768 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $2,635,641 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | $1,267,922 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | Yes (true) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (true) | AuditCommitteeInd |
| Federal Grant Audit Required | false | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org509a2 | Yes (X) | PubliclySupportedOrg509a2Ind |
Gifts Grants Contris Rcvd509 GiftsGrantsContrisRcvd509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $0 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $0 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $0 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $0 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $0 | CurrentTaxYearAmt |
| Total | $0 | TotalAmt |
Gross Receipts Admissions GrossReceiptsAdmissionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $14,909,007 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $13,141,257 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $11,960,110 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $10,867,682 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $9,475,058 | CurrentTaxYearAmt |
| Total | $60,353,114 | TotalAmt |
Gross Receipts Non Unrlt Bus GrossReceiptsNonUnrltBusGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Tax Rev Levied Orgnztnl Bnft509 TaxRevLeviedOrgnztnlBnft509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Govt Furn Srvc Fclts Vl509 GovtFurnSrvcFcltsVl509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Total509 Total509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $14,909,007 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $13,141,257 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $11,960,110 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $10,867,682 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $9,475,058 | CurrentTaxYearAmt |
| Total | $60,353,114 | TotalAmt |
Amounts Rcvd Dsqlfy Person AmountsRcvdDsqlfyPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Substantial Contributors Amt SubstantialContributorsAmtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Subst And Dsqlfy Prsns Tot SubstAndDsqlfyPrsnsTotGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total509 | $60,353,114 | PublicSupportTotal509Amt |
Gross Investment Income509 GrossInvestmentIncome509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $649,502 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $423,254 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $647,874 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $920,229 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $1,135,933 | CurrentTaxYearAmt |
| Total | $3,776,792 | TotalAmt |
Post1975 UBTI Post1975UBTIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Investment Income And UBTI InvestmentIncomeAndUBTIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $649,502 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $423,254 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $647,874 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $920,229 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $1,135,933 | CurrentTaxYearAmt |
| Total | $3,776,792 | TotalAmt |
Net Income From Other UBI NetIncomeFromOtherUBIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $0 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $0 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $0 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $0 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $0 | CurrentTaxYearAmt |
| Total | $0 | TotalAmt |
Other Income509 OtherIncome509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $0 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $0 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $0 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $1,076,510 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $634,777 | CurrentTaxYearAmt |
| Total | $1,711,287 | TotalAmt |
Total Support Calendar Year TotalSupportCalendarYearGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $15,558,509 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $13,564,511 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $12,607,984 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $12,864,421 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $11,245,768 | CurrentTaxYearAmt |
| Total | $65,841,193 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support CY509 | 0.91665 | PublicSupportCY509Pct |
| Public Support PY509 | 0.94110 | PublicSupportPY509Pct |
| Investment Income CY | 0.05736 | InvestmentIncomeCYPct |
| Investment Income PY | 0.04450 | InvestmentIncomePYPct |
| Thirty Thr Pct Suprt Tests CY509 | Yes (X) | ThirtyThrPctSuprtTestsCY509Ind |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grassroots Lobbying | TotalGrassrootsLobbyingGrp | |
| Total Direct Lobbying | TotalDirectLobbyingGrp | |
| Total Lobbying Expend | TotalLobbyingExpendGrp | |
| Other Exempt Purpose Expend | OtherExemptPurposeExpendGrp | |
| Total Exempt Purpose Expend | TotalExemptPurposeExpendGrp | |
| Lobbying Nontaxable Amount | LobbyingNontaxableAmountGrp | |
| Grassroots Nontaxable | GrassrootsNontaxableGrp | |
| Tot Lbbyng Grassroot Mns Non Tx | TotLbbyngGrassrootMnsNonTxGrp | |
| Tot Lbby Expend Mns Lbbyng Non Tx | TotLbbyExpendMnsLbbyngNonTxGrp | |
| Volunteers | false | VolunteersInd |
| Paid Staff Or Management | false | PaidStaffOrManagementInd |
| Media Advertisements | false | MediaAdvertisementsInd |
| Mailings Members | false | MailingsMembersInd |
| Publications Or Broadcast | false | PublicationsOrBroadcastInd |
| Grants Other Organizations | false | GrantsOtherOrganizationsInd |
| Direct Contact Legislators | false | DirectContactLegislatorsInd |
| Rallies Demonstrations | false | RalliesDemonstrationsInd |
| Other Activities | Yes (true) | OtherActivitiesInd |
| Other Activities | $79,500 | OtherActivitiesAmt |
| Total Lobbying Expenditures | $79,500 | TotalLobbyingExpendituresAmt |
| Not Described Section501c3 | false | NotDescribedSection501c3Ind |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE C, PART II-B, LINE 1I | FormAndLineReferenceDesc |
| Explanation | LOBBYING ACTIVITIES: OUTSIDE LOBBYISTS WERE HIRED TO ADVISE BRAZOS ON APPROPRIATE STRATEGIES AND ACTIONS REGARDING LEGISLATION THAT WOULD HAVE A HARMFUL IMPACT ON BRAZOS INTEREST. IN ADDITION, LOBBYISTS WERE CHARGED WITH MONITORING THE INTRODUCTION AND THE PROGRESS ON LEGISLATION/RULES THAT REQUIRED BRAZOS COMPLIANCE IN ALL AREAS OF THE BUSINESS. LEGISLATION ISSUES INCLUDED BUDGET RECONCILIATION, REAUTHORIZATION OF THE HIGHER EDUCATION ACT, TAX-EXEMPT ISSUES AND PRIVACY ISSUES. | ExplanationTxt |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Art Public Exhibition Amounts | ArtPublicExhibitionAmountsGrp | |
| Held Works Art | HeldWorksArtGrp | |
| CY Minus3 Yr Endwmt Fund | CYMinus3YrEndwmtFundGrp | |
| CY Minus4 Yr Endwmt Fund | CYMinus4YrEndwmtFundGrp |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $68,000 | OtherCostOrOtherBasisAmt |
| Book Value | $68,000 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $1,777,548 | OtherCostOrOtherBasisAmt |
| Depreciation | $1,290,214 | DepreciationAmt |
| Book Value | $487,334 | BookValueAmt |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $187,379 | OtherCostOrOtherBasisAmt |
| Depreciation | $108,259 | DepreciationAmt |
| Book Value | $79,120 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $280,678 | OtherCostOrOtherBasisAmt |
| Depreciation | $280,642 | DepreciationAmt |
| Book Value | $36 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Land Buildings | OtherLandBuildingsGrp | |
| Total Book Value Land Buildings | $634,490 | TotalBookValueLandBuildingsAmt |
Other Assets Org OtherAssetsOrgGrp (4 entries)
| DescDesc | Book ValueBookValueAmt |
|---|---|
| Accrued Investment Interest | $181,506 |
| Assets held in Escrow | $5,413,062 |
| Due from Affiliates | $35,648,509 |
| OTHER ASSETS | $8,675,994 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | $49,919,071 | TotalBookValueOtherAssetsAmt |
| Federal Income Tax Liability | $0 | FederalIncomeTaxLiabilityAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Prefunded Benefit Payable | Desc |
| Amt | $5,413,062 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $5,413,062 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE D, PART X, LINE 2 | FormAndLineReferenceDesc |
| Explanation | LIABILITY FOR UNCERTAIN TAX POSITIONS: BHESC is a not-for-profit public benefit corporation that 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 Company is also exempt from state income tax. Income which is not related to its exempt purposes, less applicable deductions, is subject to federal income taxes. The Company had no net unrelated business income for the years ended June 30, 2018 and 2017. As such, no provision for federal or state income taxes has been provided in the accompanying consolidated financial statements. The Company files federal information returns in the United States. The Company may be subject to examinations for the tax years ended June 30, 2015 and later by the Internal Revenue Service. The Company is not currently under examination for any open tax year. The Company follows the accounting standard related to the accounting for uncertainty in income taxes. 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 Company currently has no uncertain tax positions. | ExplanationTxt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | false | GrantRecordsMaintainedInd |
Recipient Table RecipientTable (6 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Recipient EINRecipientEIN | IRC SectionIRCSectionDesc | Cash GrantCashGrantAmt | Purpose Of GrantPurposeOfGrantTxt |
|---|---|---|---|---|---|---|---|
| Reach Therapeutic Riding Center | |||||||
| 525 Austin Hines | China Spring | TX | 76633 | 261856333 | 501(C)(3) | $10,000 | see part IV |
| Waco Scottish Rite Charitable Foundation | |||||||
| 2801 West Waco Drive | Waco | TX | 76707 | 742581354 | 501(C)(3) | $7,500 | Support |
| Dr Pepper Free Enterprise Program | |||||||
| 300 S 5th Street | Waco | TX | 76701 | 742497117 | 501(C)(3) | $12,500 | Support |
| Texas State Technical College | |||||||
| 3801 Campus Drive | Waco | TX | 767051695 | 741646989 | GOVT | $25,000 | Contribution to Endowment |
| Junior League of Waco | |||||||
| 2600 Austin Avenue | Waco | TX | 76710 | 746046993 | 501(C)(3) | $10,000 | Support |
| Baylor University | |||||||
| One Bear Place 97043 | Waco | TX | 767987043 | 741559753 | 501(C)(3) | $50,000 | Contribution to endowment |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 6 | Total501c3OrgCnt |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| SCHEDULE I, PART I, LINE 2 | PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS IN THE U.S.: THE ORGANIZATION PROVIDES DONATIONS TO OTHER CHARITABLE AND GOVERNMENTAL ORGANIZATIONS. THESE ARE SIMPLE CHARITABLE CONTRIBUTIONS TO THE OTHER ORGANIZATIONS, SO THERE IS NO NEED TO MONITOR THE USE OF THE FUNDS. |
| SCHEDULE I, PART II, LINE 1, COLUMN (H) | NAME OF ORGANIZATION OR GOVERNMENT: REACH THERAPEUTIC RIDING CENTER (H) PURPOSE OF GRANT OR ASSISTANCE: ASSIST WITH THE ORGANIZATION'S SCHOLARSHIP PROGRAM BENEFITING AUTISTIC CHILDREN. |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Club Dues Or Fees | Yes (X) | ClubDuesOrFeesInd |
| Written Policy Ref T And E Expnss | Yes (true) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (true) | SubstantiationRequiredInd |
| Independent Consultant | Yes (X) | IndependentConsultantInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | Yes (true) | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | Yes (true) | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | false | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | false | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | false | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | false | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | false | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | false | AnyNonFixedPaymentsInd |
| Initial Contract Exception | false | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (15 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Murray Watson | ||||||||||||||
| President | $878,259 | $0 | $71,270 | $0 | $131,219 | $0 | $56,105 | $0 | $4,016 | $0 | $1,140,869 | $0 | $0 | $0 |
| Thomas Ben Litle | ||||||||||||||
| EVP/COO | $360,256 | $0 | $31,053 | $0 | $36,071 | $0 | $55,638 | $0 | $3,816 | $0 | $486,834 | $0 | $0 | $0 |
| Ricky Turman | ||||||||||||||
| EVP/CFO | $349,970 | $0 | $31,491 | $0 | $35,955 | $0 | $55,768 | $0 | $18,432 | $0 | $491,616 | $0 | $0 | $0 |
| Andrew Ellis | ||||||||||||||
| VP, Human Resources | $175,893 | $0 | $16,900 | $0 | $0 | $40,352 | $0 | $9,689 | $0 | $242,834 | $0 | $0 | $0 | |
| Samuel Redden | ||||||||||||||
| SVP/CIO | $214,419 | $0 | $19,850 | $0 | $15,888 | $0 | $51,690 | $0 | $8,300 | $0 | $310,147 | $0 | $0 | $0 |
| Tammy Harralson | ||||||||||||||
| Controller/VP | $172,638 | $0 | $16,920 | $0 | $6,441 | $0 | $40,037 | $0 | $3,799 | $0 | $239,835 | $0 | $0 | $0 |
| Randall Larson | ||||||||||||||
| VP, Special Projects | $186,029 | $0 | $18,040 | $0 | $259 | $0 | $41,638 | $0 | $2,917 | $248,883 | $0 | $0 | $0 | |
| Janice White | ||||||||||||||
| Asst. Secretary - End 07/2017 | $75,142 | $0 | $11,754 | $0 | $140,613 | $0 | $21,297 | $0 | $3,047 | $0 | $251,853 | $0 | $0 | $0 |
| Darrell Brooks | ||||||||||||||
| Treasurer | $130,170 | $0 | $13,595 | $0 | $0 | $0 | $31,781 | $0 | $12,780 | $0 | $188,326 | $0 | $0 | $0 |
| Kelli Villarrial | ||||||||||||||
| VP, Assoc. Gen. Counsel | $237,645 | $0 | $22,297 | $0 | $23,053 | $0 | $46,609 | $0 | $4,538 | $0 | $334,142 | $0 | $0 | $0 |
| John M Wright | ||||||||||||||
| Business Analytics Director | $141,136 | $0 | $14,188 | $0 | $711 | $0 | $30,105 | $0 | $14,508 | $0 | $200,648 | $0 | $0 | $0 |
| Sarah Maccarthy | ||||||||||||||
| VP, Compliance | $145,081 | $0 | $13,908 | $0 | $4,780 | $0 | $29,719 | $0 | $4,053 | $0 | $197,541 | $0 | $0 | $0 |
| Milicent Larson | ||||||||||||||
| Exec Dir, Brazos Fdn | $124,845 | $0 | $14,465 | $0 | $0 | $0 | $26,332 | $0 | $10,853 | $0 | $176,495 | $0 | $0 | $0 |
| Debra Urias | ||||||||||||||
| VP, Customer Relations | $127,759 | $0 | $13,515 | $0 | $0 | $0 | $25,762 | $0 | $5,717 | $0 | $172,753 | $0 | $0 | $0 |
| Justin Green | ||||||||||||||
| Financial Svs Director | $189,419 | $0 | $18,315 | $0 | $2,589 | $0 | $36,024 | $0 | $12,774 | $0 | $259,121 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| SCHEDULE J, PART I, LINE 1A | HEALTH OR SOCIAL CLUB DUES OR INITIATION FEES: THE PRESIDENT, MURRAY WATSON, RECEIVES PAYMENTS FOR SOCIAL CLUB DUES. THESE PAYMENTS ARE INCLUDED IN HIS FORM W-2 AS TAXABLE COMPENSATION. |
| SCHEDULE J, PART I, LINE 4A | Severance Payment: Janice White $140,554 |
| SCHEDULE J, PART I, LINE 4B | SUPPLEMENTAL NONQUALIFIED PLAN: MURRAY WATSON REPORTED $24,466 OF INTEREST RELATED TO A SPLIT-DOLLAR LIFE INSURANCE PLAN ON HIS W-2 AS TAXABLE INCOME. SEE SCHEDULE L FOR THE TERMS AND CONDITIONS OF THE ARRANGEMENT. |
Schedule L IRS990ScheduleL
Loans Btwn Org Interested Prsn LoansBtwnOrgInterestedPrsnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | MURRAY WATSON | PersonNm |
| Relationship With Org | PRESIDENT | RelationshipWithOrgTxt |
| Loan Purpose | LIFE INSURANCE | LoanPurposeTxt |
| Loan From Organization | Yes (X) | LoanFromOrganizationInd |
| Balance Due | $616,821 | BalanceDueAmt |
| Default | false | DefaultInd |
| Board Or Committee Approval | Yes (true) | BoardOrCommitteeApprovalInd |
| Written Agreement | Yes (true) | WrittenAgreementInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Balance Due | $616,821 | TotalBalanceDueAmt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE L, PART II | FormAndLineReferenceDesc |
| Explanation | BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS: BRAZOS HIGHER EDUCATION SERVICE CORPORATION PAYS PREMIUMS FOR A LIFE INSURANCE POLICY OWNED BY MURRAY WATSON, JR. AND HIS SPOUSE. THE AGREEMENT BETWEEN THE COMPANY AND MR. WATSON IS THAT THE LOAN IS DUE AND PAYABLE FROM THE ESTATE AT THE DEATH OF BOTH HIM AND HIS SPOUSE. INTEREST ON THE LOAN IS CALCULATED AND INCLUDED IN MR. WATSONS ANNUAL W-2 AS TAXABLE INCOME. THE LOAN WAS PAID OFF SUBSEQUENT TO YEAR END. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (7 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 2 | DESCRIPTION OF FAMILY RELATIONSHIPS: MURRAY WATSON IS THE PRESIDENT OF BRAZOS HIGHER EDUCATION SERVICE CORPORATION (BHESC). RANDALL LARSON (OFFICER AND EMPLOYEE OF BHESC), AND MILICENT LARSON (KEY EMPLOYEE OF RELATED ENTITY, BEF) ARE HIS SON-IN-LAW AND DAUGHTER, RESPECTIVELY. |
| FORM 990, PART VI, SECTION B, LINE 11B | PROCESS FOR REVIEWING 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 COMPLIANCE WITH 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 15A & 15B | PROCESS FOR DETERMINING COMPENSATION: BRAZOS HIGHER EDUCATION SERVICE CORPORATION'S BOARD OF DIRECTORS USES AN INDEPENDENT THIRD PARTY TO REVIEW THE COMPENSATION OF THE PRESIDENT, OFFICERS, AND KEY EMPLOYEES. THE THIRD PARTY REVIEWS EACH ELEMENT OF COMPENSATION TO ENSURE IT IS IN COMPLIANCE WITH IRS GUIDELINES AS WELL AS PERFORMS COMPARABILITY STUDIES TO DETERMINE WHETHER SALARIES ARE REASONABLE. THE MOST RECENT REVIEW WAS CONDUCTED MARCH 2017 THRU AUGUST 2017 BY PAY SCALE HUMAN CAPITAL INC AND IS DOCUMENTED IN THE BOARD'S MEETING MINUTES. |
| FORM 990, PART VI, SECTION C, LINE 19 | PROCESS TO MAKE DOCUMENTS AVAILABLE: THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. |
| FORM 990, PART VI, SECTION A, LINE 1A | DELEGATION OF AUTHORITY: THE EXECUTIVE COMMITTEE SHALL CONSIST OF FIVE 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 XI, LINE 9 | OTHER CHANGES IN Fund Balances: NET ESTATE CONTRIBUTION $1,267,922 |
Schedule R IRS990ScheduleR
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (24 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Exempt Code SectionExemptCodeSectionTxt | Public Charity StatusPublicCharityStatusTxt | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt | Controlled OrganizationControlledOrganizationInd |
|---|---|---|---|---|---|---|---|---|---|---|
| Brazos Academic Lending Corporation | ||||||||||
| PO BOX 1308 | WACO | TX | 76703 | 742540458 | STUD LOANS | TX | 501(C)(3) | 10 | NA | Yes (true) |
| ACAPITA EDUCATION FINANCE CORPORATION | ||||||||||
| PO BOX 1308 | WACO | TX | 76703 | 742542435 | STUD LOANS | TX | 501(C)(3) | 10 | NA | Yes (true) |
| ANGELINA HIGHER EDUCATION AUTHORITY | ||||||||||
| 2600 WASHINGTON AVE | WACO | TX | 76710 | 200115078 | STUD LOANS | TX | 501(C)(3) | 10 | NA | Yes (true) |
| ATLANTIC STUDENT FINANCE CORPORATION | ||||||||||
| 2600 WASHINGTON AVE | WACO | TX | 76710 | 205412189 | STUD LOANS | FL | 501(C)(3) | 7 | NA | Yes (true) |
| BOSQUE HIGHER EDUCATION AUTHORITY INC | ||||||||||
| PO BOX 1308 | WACO | TX | 76703 | 742534099 | STUD LOANS | TX | 501(C)(3) | 10 | NA | Yes (true) |
| BRAZOS EDUCATION FINANCE CORPORATION | ||||||||||
| 2600 WASHINGTON AVE | WACO | TX | 76710 | 742539632 | STUD LOANS | TX | 501(C)(3) | 10 | NA | Yes (true) |
| BRAZOS EDUCATION LOAN AUTHORITY INC | ||||||||||
| 2600 WASHINGTON AVE | WACO | TX | 76710 | 203868073 | STUD LOANS | TX | 501(C)(3) | 10 | NA | Yes (true) |
| BRAZOS HIGHER EDUCATION AUTHORITY INC | ||||||||||
| PO BOX 1308 | WACO | TX | 76703 | 742099402 | STUD LOANS | TX | 501(C)(3) | 10 | NA | Yes (true) |
| BRAZOS STUDENT FINANCE CORPORATION | ||||||||||
| PO BOX 1308 | WACO | TX | 76703 | 742356109 | STUD LOANS | TX | 501(C)(3) | 10 | NA | Yes (true) |
| BRAZOS EDUCATION LENDING CORPORATION | ||||||||||
| 2600 WASHINGTON AVE | WACO | TX | 76710 | 203870081 | STUD LOANS | TX | 501(C)(3) | 10 | NA | Yes (true) |
| EDINVEST COMPANY | ||||||||||
| 2600 WASHINGTON AVE | WACO | TX | 76710 | 742537669 | STUD LOANS | TX | 501(C)(3) | 10 | NA | Yes (true) |
| EDUCATION SERVICING MANAGEMENT CORP | ||||||||||
| 2600 WASHINGTON AVE | WACO | TX | 76710 | 203870046 | STUD LOANS | TX | 501(C)(3) | 10 | NA | Yes (true) |
| EDUCATIONAL FUNDING SERVICES INC | ||||||||||
| PO BOX 1308 | WACO | TX | 76703 | 330947525 | STUD LOANS | CA | 501(C)(3) | 10 | NA | Yes (true) |
| FEDERATED STUDENT FINANCE CORPORATION | ||||||||||
| 2600 WASHINGTON AVE | WACO | TX | 76710 | 742536239 | STUD LOANS | TX | 501(C)(3) | 10 | NA | Yes (true) |
| FRIO HIGHER EDUCATION AUTHORITY INC | ||||||||||
| 2600 WASHINGTON AVE | WACO | TX | 76710 | 203870120 | STUD LOANS | TX | 501(C)(3) | 10 | NA | Yes (true) |
| LAVACA HIGHER EDUCATION AUTHORITY INC | ||||||||||
| 2600 WASHINGTON AVE | WACO | TX | 76710 | 203870153 | STUD LOANS | TX | 501(C)(3) | 10 | NA | Yes (true) |
| BRAZOS EDUCATION FUNDING CORPORATION INC | ||||||||||
| 2600 WASHINGTON AVE | WACO | TX | 76710 | 203870176 | STUD LOANS | TX | 501(C)(3) | 10 | NA | Yes (true) |
| LLANO HIGHER EDUCATION AUTHORITY INC | ||||||||||
| 2600 WASHINGTON AVE | WACO | TX | 76710 | 203870219 | STUD LOANS | TX | 501(C)(3) | 10 | NA | Yes (true) |
| PALUXY HIGHER EDUCATION AUTHORITY INC | ||||||||||
| 2600 WASHINGTON AVE | WACO | TX | 76710 | 203868139 | STUD LOANS | TX | 501(C)(3) | 10 | NA | Yes (true) |
| ROZELL HIGHER EDUCATION AUTHORITY INC | ||||||||||
| 2600 WASHINGTON AVE | WACO | TX | 76710 | 203867891 | STUD LOANS | TX | 501(C)(3) | 10 | NA | Yes (true) |
| SABINE HIGHER EDUCATION AUTHORITY INC | ||||||||||
| 2600 WASHINGTON AVE | WACO | TX | 76710 | 203868185 | STUD LOANS | TX | 501(C)(3) | 10 | NA | Yes (true) |
| TEXOMA HIGHER EDUCATION AUTHORITY INC | ||||||||||
| 2600 WASHINGTON AVE | WACO | TX | 76710 | 203868230 | STUD LOANS | TX | 501(C)(3) | 10 | NA | Yes (true) |
| TRINITY HIGHER EDUCATION AUTHORITY INC | ||||||||||
| 2600 WASHINGTON AVE | WACO | TX | 76710 | 742534486 | STUD LOANS | TX | 501(C)(3) | 10 | NA | Yes (true) |
| BRAZOS EDUCATION FOUNDATION INC | ||||||||||
| 2612 WASHINGTON AVE | WACO | TX | 76710 | 264562436 | GRANT MAKING | TX | 501(C)(3) | 7 | BHESC | Yes (true) |
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt | Entity TypeEntityTypeTxt | Share Of Total IncomeShareOfTotalIncomeAmt | Share Of EOY AssetsShareOfEOYAssetsAmt | OwnershipOwnershipPct | Controlled OrganizationControlledOrganizationInd |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| INTERVIEWSTREAM INC | ||||||||||||
| 2612 WASHINGTON AVE | WACO | TX | 76710 | 461208841 | JOB INTERVIEW SVC | TX | BAC | C-CORPORATION | -$35,307 | $2,965,332 | 1.00000 | Yes (true) |
| BRAZOS ASSET CORPORATION (BAC) | ||||||||||||
| 2600 WASHINGTON AVE | WACO | TX | 76710 | 300835799 | INVESTMENT | TX | BHESC | C-CORPORATION | $258,765 | $5,980,035 | 1.00000 | Yes (true) |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | Yes (true) | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | Yes (true) | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | Yes (true) | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | Yes (true) | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | false | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | false | DivRelatedOrganizationInd |
| Asset Sale To Other Org | false | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | false | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | false | AssetExchangeInd |
| Rental Of Facilities To Oth Org | false | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | false | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | Yes (true) | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | false | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | false | SharingOfFacilitiesInd |
| Paid Employees Sharing | false | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | false | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | false | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | false | TransferToOtherOrgInd |
| Transfer From Other Org | false | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp (16 entries)
| Transaction TypeTransactionTypeTxt | InvolvedInvolvedAmt | Method Of Amount DeterminationMethodOfAmountDeterminationTxt |
|---|---|---|
| InterviewStream Inc | ||
| A | $231,868 | Cash |
| Acapita Education Finance Corporation | ||
| C | $257,500 | Cash |
| Angelina Higher Education Authority | ||
| C | $186,000 | Cash |
| Bosque Higher Education Authority Inc | ||
| C | $529,000 | Cash |
| Brazos Student Finance Corporation | ||
| C | $525,424 | Cash |
| Brazos Education Lending Corporation | ||
| D | $3,156,493 | Cash |
| Trinity Higher Education Authority Inc | ||
| D | $14,932,557 | Cash |
| Brazos Higher Education Authority Inc | ||
| D | $5,284,762 | Cash |
| Brazos Education Funding Corporation Inc | ||
| D | $4,698,859 | Cash |
| Bosque Higher Education Authority Inc | ||
| B | $230,000 | Cash |
| BRAZOS HIGHER EDUCATION AUTHORITY Inc | ||
| L | $2,884,847 | CASH |
| BRAZOS STUDENT FINANCE CORPORATION | ||
| L | $576,862 | CASH |
| FEDERATED STUDENT FINANCE CORPORATION | ||
| L | $170,686 | CASH |
| Acapita Education Finance Corporation | ||
| L | $719,668 | CASH |
| BRAZOS EDUCATION FUNDING CORPORATION Inc | ||
| L | $225,024 | CASH |
| BRAZOS EDUCATION LOAN AUTHORITY Inc | ||
| L | $2,368,336 | CASH |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | FORM 990, SCHEDULE R, PART IV | FormAndLineReferenceDesc |
| Explanation | IDENTIFICATION OF RELATED ORGANIZATIONS TAXABLE AS CORP OR TRUST: NAME OF RELATED ORGANIZATION: BRAZOS ASSET CORP PRIMARY ACTIVITY: FINANCE TRANS INVOLVING CREATION/LIQUIDATION/OWNERSHIP OF FINANCIAL ASSETS DIRECT CONTROLLING ENTITY: BRAZOS HIGHER EDUCATION SERVICE CORPORATION | ExplanationTxt |