2019-03-11T16:00:11-05:00 2018-06-30 BKD LLP 14241 DALLAS PARKWAY SUITE 1100 DALLAS TX 75254 990 2017-07-01 742129255 Brazos Higher Education Service Corporation Inc % RICKY TURMAN EVP/CFO BRAZ 2547530915 2600 Washington Ave Waco TX 76710 RICKY TURMAN EVP/CFO 2547530915 2019-05-15 true Jeanette Verrelli P00742631 9727028262 167.68.126.162 75465920190705000033 2019-03-11 P 98C67C06075FADA3594A58B7FA41D63CA3097B7E ACBA2431EF37DEF71821A9057AFD5F2E9C389335 2017 2019-02-21 02:37:17Z RICKY TURMAN 2600 WASHINGTON AVE WACO TX 76710 13345563 false X WWW.STUDENTLOANS.COM X 1980 TX TO PROVIDE MANAGEMENT AND ADMINISTRATIVE SUPPORT FOR AFFILIATED STUDENT LOAN ENTITIES. 9 8 40 8 237868 0 0 0 10894931 9479569 2307404 1226806 1115475 637507 14317810 11343882 213724 148961 0 0 6947128 7048856 0 0 0 5302933 1510424 12463785 8708241 1854025 2635641 74845733 75470768 18849555 15571027 55996178 59899741 TO PROVIDE MANAGEMENT AND ADMINISTRATIVE SUPPORT FOR AFFILIATED STUDENT LOAN ENTITIES. false false 6733653 134065 9481058 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. 748184 14896 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. 7481837 true false false true false false false false false false true false false true true true false true false false false false false false false false false true false true false false false true false false false false false false false false false true true true false false true 31 0 40 true true true false false false false false false false false false X 9 8 true false false false false false false true true false false true true true true true true true true false X RICKY TURMAN EVPCFO 2547530915 2600 WASHINGTON AVE WACO TX 76710 X Bob Chambers Director 1.0 10.0 X 0 0 0 Tom Chase Director 1.0 10.0 X 0 0 0 Norman Hay Jr Director 1.0 10.0 X 0 0 0 Wilton Lanning Director 1.0 10.0 X 0 0 0 Dr Terry Maness Director 1.0 10.0 X 0 0 0 Mrs Joyce Packard Director 1.0 10.0 X 0 0 0 John Perry Director 1.0 10.0 X 0 0 0 Dr Joseph Velez Director 1.0 10.0 X 0 0 0 John Hatchel Director 1.0 10.0 X 0 0 0 Murray Watson President 29.0 11.0 X X 1080748 0 60121 Thomas Ben Litle EVP/COO 29.0 11.0 X 427380 0 59454 Ricky Turman EVP/CFO 29.0 11.0 X 417416 0 74200 Andrew Ellis VP, Human Resources 39.0 1.0 X 192793 0 50041 Samuel Redden SVP/CIO 39.0 1.0 X 250157 0 59990 Tammy Harralson Controller/VP 30.0 10.0 X 195999 0 43836 Randall Larson VP, Special Projects 39.0 1.0 X 204328 0 44555 Janice White Asst. Secretary - End 07/2017 30.0 10.0 X 227509 0 24344 Susan Davis Secretary 29.0 11.0 X 86403 0 26568 Darrell Brooks Treasurer 30.0 10.0 X 143765 0 44561 Vicky Smith Assistant Secretary 40.0 0.0 X 38893 0 13321 John M Wright Business Analytics Director 40.0 0.0 X 156035 0 44613 Sarah Maccarthy VP, Compliance 40.0 0.0 X 163769 0 33772 Milicent Larson Exec Dir, Brazos Fdn 1.0 39.0 X 139310 0 37185 Debra Urias VP, Customer Relations 40.0 0.0 X 141274 0 31479 Justin Green Financial Svs Director 40.0 0.0 X 210323 0 48798 Kelli Villarrial VP, Assoc. Gen. Counsel 30.0 10.0 X 282995 0 51147 4359097 0 747985 15 true true false CLAYBORN SOFTWARE CONSULTANTS 304 ROGERS HILL ROAD WACO TX 76705 SOFTWARE CONSULTING 148975 BKD LLP 14241 DALLAS PARKWAY SUITE 1100 DALLAS TX 752542961 AUDIT AND TAX SVC 116550 2 0 Operating Income 522294 6919586 6919586 BENEFICIAL INTEREST (M&O) 522294 1768540 1768540 Commission Income 522294 785443 785443 Administrative Service Income 522294 6000 6000 9479569 1366560 231868 1134692 0 1241 1241 0 0 0 1826177 35750 2001681 -175504 35750 -139754 -139754 0 0 0 0 0 0 0 0 0 SETTLEMENT INCOME 900099 634777 634777 Miscellaneous Revenue 522294 1489 1489 636266 11343882 9475058 237868 1630956 148961 148961 0 0 0 3489075 3140167 348908 324036 291632 32404 2110430 1899387 211043 227063 204357 22706 620412 558371 62041 277840 250056 27784 29874 26887 2987 71247 71247 141571 141571 79500 79500 0 0 96095 96095 22961 22961 234664 211198 23466 141161 127045 14116 0 141583 127425 14158 34110 30699 3411 0 23716 21344 2372 93999 84599 9400 0 82682 74414 8268 70638 63574 7064 DEVELOPMENT FEES 122500 110250 12250 ADMINISTRATIVE EXPENSE 37648 33883 3765 SPECIAL EVENT EXPENSE 39240 35316 3924 BAD DEBT EXPENSE 25778 25778 21457 19311 2146 8708241 7481837 1226404 0 694893 583880 5590876 1069420 0 0 68476 60532 638221 616821 0 0 0 0 0 0 93488 68579 2313605 1679115 717173 634490 23614433 18963203 7910106 3554772 0 0 0 0 35518067 49919071 74845733 75470768 2449127 2503083 0 0 7953573 6641882 0 0 0 0 0 0 3223000 1013000 0 0 5223855 5413062 18849555 15571027 X 55996178 59899741 0 0 0 0 55996178 59899741 74845733 75470768 X 2635641 1267922 X false true X true false X 0 0 0 0 0 0 14909007 13141257 11960110 10867682 9475058 60353114 0 0 0 14909007 13141257 11960110 10867682 9475058 60353114 0 0 0 60353114 649502 423254 647874 920229 1135933 3776792 0 649502 423254 647874 920229 1135933 3776792 0 0 0 0 0 0 0 0 0 1076510 634777 1711287 15558509 13564511 12607984 12864421 11245768 65841193 0.91665 0.94110 0.05736 0.04450 X false false false false false false false false true 79500 79500 false SCHEDULE C, PART II-B, LINE 1I 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. 68000 68000 1777548 1290214 487334 187379 108259 79120 280678 280642 36 634490 Accrued Investment Interest 181506 Assets held in Escrow 5413062 Due from Affiliates 35648509 OTHER ASSETS 8675994 49919071 0 Prefunded Benefit Payable 5413062 5413062 X SCHEDULE D, PART X, LINE 2 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. false Reach Therapeutic Riding Center 525 Austin Hines China Spring TX 76633 261856333 501(C)(3) 10000 see part IV Waco Scottish Rite Charitable Foundation 2801 West Waco Drive Waco TX 76707 742581354 501(C)(3) 7500 Support Dr Pepper Free Enterprise Program 300 S 5th Street Waco TX 76701 742497117 501(C)(3) 12500 Support Texas State Technical College 3801 Campus Drive Waco TX 767051695 741646989 GOVT 25000 Contribution to Endowment Junior League of Waco 2600 Austin Avenue Waco TX 76710 746046993 501(C)(3) 10000 Support Baylor University One Bear Place 97043 Waco TX 767987043 741559753 501(C)(3) 50000 Contribution to endowment 6 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. X true true X X X true true false false false false false false false Murray Watson President 878259 0 71270 0 131219 0 56105 0 4016 0 1140869 0 0 0 Thomas Ben Litle EVP/COO 360256 0 31053 0 36071 0 55638 0 3816 0 486834 0 0 0 Ricky Turman EVP/CFO 349970 0 31491 0 35955 0 55768 0 18432 0 491616 0 0 0 Andrew Ellis VP, Human Resources 175893 0 16900 0 0 40352 0 9689 0 242834 0 0 0 Samuel Redden SVP/CIO 214419 0 19850 0 15888 0 51690 0 8300 0 310147 0 0 0 Tammy Harralson Controller/VP 172638 0 16920 0 6441 0 40037 0 3799 0 239835 0 0 0 Randall Larson VP, Special Projects 186029 0 18040 0 259 0 41638 0 2917 248883 0 0 0 Janice White Asst. Secretary - End 07/2017 75142 0 11754 0 140613 0 21297 0 3047 0 251853 0 0 0 Darrell Brooks Treasurer 130170 0 13595 0 0 0 31781 0 12780 0 188326 0 0 0 Kelli Villarrial VP, Assoc. Gen. Counsel 237645 0 22297 0 23053 0 46609 0 4538 0 334142 0 0 0 John M Wright Business Analytics Director 141136 0 14188 0 711 0 30105 0 14508 0 200648 0 0 0 Sarah Maccarthy VP, Compliance 145081 0 13908 0 4780 0 29719 0 4053 0 197541 0 0 0 Milicent Larson Exec Dir, Brazos Fdn 124845 0 14465 0 0 0 26332 0 10853 0 176495 0 0 0 Debra Urias VP, Customer Relations 127759 0 13515 0 0 0 25762 0 5717 0 172753 0 0 0 Justin Green Financial Svs Director 189419 0 18315 0 2589 0 36024 0 12774 0 259121 0 0 0 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. MURRAY WATSON PRESIDENT LIFE INSURANCE X 616821 false true true 616821 SCHEDULE L, PART II 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. 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 Brazos Academic Lending Corporation PO BOX 1308 WACO TX 76703 742540458 STUD LOANS TX 501(C)(3) 10 NA true ACAPITA EDUCATION FINANCE CORPORATION PO BOX 1308 WACO TX 76703 742542435 STUD LOANS TX 501(C)(3) 10 NA true ANGELINA HIGHER EDUCATION AUTHORITY 2600 WASHINGTON AVE WACO TX 76710 200115078 STUD LOANS TX 501(C)(3) 10 NA true ATLANTIC STUDENT FINANCE CORPORATION 2600 WASHINGTON AVE WACO TX 76710 205412189 STUD LOANS FL 501(C)(3) 7 NA true BOSQUE HIGHER EDUCATION AUTHORITY INC PO BOX 1308 WACO TX 76703 742534099 STUD LOANS TX 501(C)(3) 10 NA true BRAZOS EDUCATION FINANCE CORPORATION 2600 WASHINGTON AVE WACO TX 76710 742539632 STUD LOANS TX 501(C)(3) 10 NA true BRAZOS EDUCATION LOAN AUTHORITY INC 2600 WASHINGTON AVE WACO TX 76710 203868073 STUD LOANS TX 501(C)(3) 10 NA true BRAZOS HIGHER EDUCATION AUTHORITY INC PO BOX 1308 WACO TX 76703 742099402 STUD LOANS TX 501(C)(3) 10 NA true BRAZOS STUDENT FINANCE CORPORATION PO BOX 1308 WACO TX 76703 742356109 STUD LOANS TX 501(C)(3) 10 NA true BRAZOS EDUCATION LENDING CORPORATION 2600 WASHINGTON AVE WACO TX 76710 203870081 STUD LOANS TX 501(C)(3) 10 NA true EDINVEST COMPANY 2600 WASHINGTON AVE WACO TX 76710 742537669 STUD LOANS TX 501(C)(3) 10 NA true EDUCATION SERVICING MANAGEMENT CORP 2600 WASHINGTON AVE WACO TX 76710 203870046 STUD LOANS TX 501(C)(3) 10 NA true EDUCATIONAL FUNDING SERVICES INC PO BOX 1308 WACO TX 76703 330947525 STUD LOANS CA 501(C)(3) 10 NA true FEDERATED STUDENT FINANCE CORPORATION 2600 WASHINGTON AVE WACO TX 76710 742536239 STUD LOANS TX 501(C)(3) 10 NA true FRIO HIGHER EDUCATION AUTHORITY INC 2600 WASHINGTON AVE WACO TX 76710 203870120 STUD LOANS TX 501(C)(3) 10 NA true LAVACA HIGHER EDUCATION AUTHORITY INC 2600 WASHINGTON AVE WACO TX 76710 203870153 STUD LOANS TX 501(C)(3) 10 NA true BRAZOS EDUCATION FUNDING CORPORATION INC 2600 WASHINGTON AVE WACO TX 76710 203870176 STUD LOANS TX 501(C)(3) 10 NA true LLANO HIGHER EDUCATION AUTHORITY INC 2600 WASHINGTON AVE WACO TX 76710 203870219 STUD LOANS TX 501(C)(3) 10 NA true PALUXY HIGHER EDUCATION AUTHORITY INC 2600 WASHINGTON AVE WACO TX 76710 203868139 STUD LOANS TX 501(C)(3) 10 NA true ROZELL HIGHER EDUCATION AUTHORITY INC 2600 WASHINGTON AVE WACO TX 76710 203867891 STUD LOANS TX 501(C)(3) 10 NA true SABINE HIGHER EDUCATION AUTHORITY INC 2600 WASHINGTON AVE WACO TX 76710 203868185 STUD LOANS TX 501(C)(3) 10 NA true TEXOMA HIGHER EDUCATION AUTHORITY INC 2600 WASHINGTON AVE WACO TX 76710 203868230 STUD LOANS TX 501(C)(3) 10 NA true TRINITY HIGHER EDUCATION AUTHORITY INC 2600 WASHINGTON AVE WACO TX 76710 742534486 STUD LOANS TX 501(C)(3) 10 NA true BRAZOS EDUCATION FOUNDATION INC 2612 WASHINGTON AVE WACO TX 76710 264562436 GRANT MAKING TX 501(C)(3) 7 BHESC true INTERVIEWSTREAM INC 2612 WASHINGTON AVE WACO TX 76710 461208841 JOB INTERVIEW SVC TX BAC C-CORPORATION -35307 2965332 1.00000 true BRAZOS ASSET CORPORATION (BAC) 2600 WASHINGTON AVE WACO TX 76710 300835799 INVESTMENT TX BHESC C-CORPORATION 258765 5980035 1.00000 true true true true true false false false false false false false true false false false false false false false InterviewStream Inc A 231868 Cash Acapita Education Finance Corporation C 257500 Cash Angelina Higher Education Authority C 186000 Cash Bosque Higher Education Authority Inc C 529000 Cash Brazos Student Finance Corporation C 525424 Cash Brazos Education Lending Corporation D 3156493 Cash Trinity Higher Education Authority Inc D 14932557 Cash Brazos Higher Education Authority Inc D 5284762 Cash Brazos Education Funding Corporation Inc D 4698859 Cash Bosque Higher Education Authority Inc B 230000 Cash BRAZOS HIGHER EDUCATION AUTHORITY Inc L 2884847 CASH BRAZOS STUDENT FINANCE CORPORATION L 576862 CASH FEDERATED STUDENT FINANCE CORPORATION L 170686 CASH Acapita Education Finance Corporation L 719668 CASH BRAZOS EDUCATION FUNDING CORPORATION Inc L 225024 CASH BRAZOS EDUCATION LOAN AUTHORITY Inc L 2368336 CASH FORM 990, SCHEDULE R, PART IV 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