2016-07-14T10:53:15-07:00 2015-08-31 Sutton Frost Cary LLP 600 Six Flags Dr Suite 600 Arlington TX 76011 990 2014-09-01 751661098 HIGHER EDUCATION SERVICING CORPORATION HIGH 8172659158 4381 W GREEN OAKS BLVD ARLINGTON TX 76016 PHILLIP WAMBSGANSS Executive Director 2016-07-14 true Amy Michie P00956657 8176498083 2014 2016-09-27 15:27:22Z PHILLIP WAMBSGANSS 4381 W GREEN OAKS BLVD STE 200 ARLINGTON TX 76016 6475131 false false X N/A X 1978 TX PROVIDE STUDENT LOANS AND LIFE OF LOAN SERVICING AND PROGRAM ADMINISTRATION OF STUDENT LOANS UNDER AGREEMENTS WITH NOTE HOLDERS INCLUDING HIGHER EDUCATION AUTHORITIES. HESC IS RESPONSIBLE FOR THE REPORTING, COLLECTION AND ACCOUNTING FOR THE LOANS. 4 4 54 4 6211 67865 72635 6808649 6261869 27241 28155 -38851 6211 6864904 6368870 0 0 3101006 2949430 0 0 5265348 3889676 8366354 6839106 -1501450 -470236 28879958 26096441 3497506 1184225 25382452 24912216 HESC FOSTERS QUALITY SERVICING FOR STUDENT LOANS, ENCOURAGES AND PROMOTES STUDENT ENROLLMENT AT POST-SECONDARY LEVEL INSTITUTIONS AND TO THE EXTENT POSSIBLE PROVIDES SUPPORT TO ASSOCIATIONS, TRUSTS, FOUNDATIONS AND INSTITUTIONS OPERATED FOR PURPOSES DESCRIBED IN SECTIONS 170(C)(2) AND 501(C)(3) OF THE CODE. false false 6201666 6261869 SERVICING AND ADMINISTRATION OF STUDENT LOANS AND DEVELOPMENT OF COMPUTER SYSTEMS TO SERVICE STUDENT LOANS ON BEHALF OF LOAN HOLDERS INCLUDING THE NORTH TEXAS HIGHER EDUCATION AUTHORITY. 78651 OUTREACH ACTIVITIES TO LOCAL AND REGIONAL STUDENTS PREPARING FOR POST SECONDARY EDUCATION. 6280317 true false false true false false false false false false true false true false false true true false false false false false false false false false false false false true false false false false false false false false false false false false false false false true true false false false false true 36 0 true 54 true true true false false false false false false 0 false false false false false false false false false false X 4 4 false false false false false false false true true false false false true true true true true true true false X PHILLIP WAMBSGANSS 8172659158 4381 W GREEN OAKS BLVD STE 200 ARLINGTON TX 76016 KENNETH D WOODS President 0.25 0.00 X X 800 0 0 JERRY LYTLE Vice President 0.25 0.00 X X 800 0 0 JUDY SCHNEIDER SEC/TREAS 0.25 0.00 X X 800 0 0 JUNE HAGLER Director 0.25 0.00 X X 800 0 0 KATHRYN BRYAN EX DIR EMERITUS 50.00 0.00 X 186026 0 16077 PHILLIP WAMBSGANSS Executive Dir. 50.00 0.00 X 170744 0 18052 DON SHIELDS DIR. OF ACCTG. 50.00 0.00 X 112131 0 13059 RHONDA HUNTLEY DIR. OF SYSTEM DEV 50.00 0.00 X 126089 0 12168 ROBERT LAMBERSON DIR OF SYSTEMS 50.00 0.00 X 139515 0 16264 737705 75620 5 false true false EDFINANCIAL SERVICES PO BOX 36014 KNOXVILLE TN 37930 LOAN SERVICING 1374372 MUSCH HARDT KOPF & HARR PC 500 N AKARD 3800 LINCOLN PLAZA DALLAS TX 75201 LEGAL 500360 NELNET SERVICING LLC 121 S 13TH STREET SUITE WF 400 LINCOLN NE 68508 LOAN SERVICING 509460 MBI SYSTEMS CORPORATION 13011 SAINT ORLIN WAY FORNEY TX 75126 SYSTEM NETWORK CONS. 302225 ASPIRE RESOURCES INC 6775 VISTA DR ASHFORD II BUILDING WEST DES MOINES IA 50266 LOAN SERVICING 257923 7 72635 72635 LENDER LOAN SERVICING FEE 611710 1692289 1692289 LOAN SVCNG PASS THRU FEES 611710 1693923 1693923 PROGRAM ADMIN FEES 561000 2763192 2763192 STUDENT LOAN INCOME 525990 112465 112465 6261869 28155 28155 0 0 112472 106261 6211 6211 6211 0 0 0 0 0 6368870 6261869 6211 28155 0 0 0 0 394099 342112 51987 0 2051312 1780715 270597 83761 72712 11049 245076 212747 32329 175182 152073 23109 258804 224664 34140 538584 484726 53858 82750 74475 8275 900 900 0 0 600965 600965 78651 78651 379264 338918 40346 0 0 24700 10672 14028 30055 26090 3965 0 0 307 266 41 0 125082 115824 9258 38707 34013 4694 PASS THROUGH FEES 1693923 1693923 Dues and subscriptions 24173 24173 Bank fees 8434 7321 1113 PROVISION FOR DOUBTFUL ACCOUNT 4377 4377 0 6839106 6280317 558789 0 200 200 16348352 12990353 0 366697 399090 0 0 0 0 92485 35655 3274006 1197119 2150504 2076887 0 0 9921720 10594256 0 0 28879958 26096441 1859231 1184225 3275 1635000 3497506 1184225 X 25382452 24912216 25382452 24912216 28879958 26096441 -470236 X false true X true false X X 2 CITY OF ARLINGTON TEXAS 756004503 6 false 0 3458879 CITY OF DENTON TEXAS 756000514 6 false 0 3380227 2 6839106 false true false false false false false false false false false false false false false false false true X false false false false Part I: Additional Information Schedule A, Part I, Line 11g, Column (vi): HESC serves as the program administrator for student loans held by the North Texas Higher Education Authority (NTHEA). Like HESC, NTHEA is a supporting organization that supports the cities of Arlington and Denton, Texas (the Cities). HESC's student outreach activities also support the Cities. Part IV, Section A, Line 1: Description Of How Supported Organizations Are Desigated The North Texas Higher Education Authority (NTHEA) was created jointly by the cities of Arlington and Denton, Texas (the Cities) for the purpose of providing students in North Texas with access to the benefits of the Guaranteed Student Loan Program. When NTHEA was formed the Texas Education Code (the TEC) required NTHEA to contract with a nonprofit corporation organized under the laws of [Texas], whereby such corporation will provide such reports and other information required for participation in the federally guaranteed loan program provided by the Higher Education Act of 1965. HESC was created to provide NTHEA and the Cities with the services and functions required by the TEC. By servicing student loans and serving as program administrator for student loans held by NTHEA and other financial institutions, and engaging in outreach activities to local and regional students preparing for post-secondary education, HESC is engaging in activities for or on behalf of the Cities that carry out the educational-loan-related functions of the Cities and continuing the historic relationship between HESC, NTHEA, and the Cities. Part IV, Section A, Line 2: Description Of How Organization Determined Supported Org. HESCs supported organizations are the cities of Arlington and Denton, Texas. They are governmental units described in section 170(c)(1) and therefore described in section 509(a)(1) by virtue of the cross-reference to section 170(c)(1) in section 170(b)(1)(A)(v). Part IV, Section D, Line 2: Organizaiton Maintained A Relationship with Supported Orgs. NTHEAs directors are approved by the City of Arlington and the Executive Director of NTHEA is also the Executive Director of HESC, thereby ensuring a close and continuing working relationship is maintained with the Cities. Part IV, Section D, Line 3: Role The Organization's Supported Orgs. Played HESC was created to satisfy the statutory mandate under the TEC described above and thereby support NTHEA and the Cities. NTHEAs directors are approved by the City of Arlington and the Executive Director of NTHEA is also the Executive Director of HESC, thereby ensuring the Cities have a significant voice in HESCs investment policies and in directing the use of HESCs income or assets. false false false false false false false true 900 false false false 900 false false Part II-B, Line 1i - Other Activities Description HESC IS AN ASSOCIATE MEMBER OF THE EDUCATION FINANCE COUNSEL, A 501(C)(3) ORGANIZATION THAT SPENDS 10% OF ITS REVENUES ON LOBBYING ACTIVITIES. THE $900 REPRESENTS THE EQUIVALENT AMOUNT OF LOBBYING EXPENSE PAID BY HESC THROUGH ITS MEMBERSHIP DUES. 644688 644688 756173 62166 694007 743497 150959 592538 1129648 983994 145654 2076887 10594256 X 6475131 6475131 -106261 -106261 6368870 6945367 6945367 -106261 -106261 6839106 Part X : FIN48 Footnote HESC recognizes the financial effect of a tax positions, if that position is more likely than not to be sustained upon examination, including resolution of any appeals or litigation processes, based upon the technical merits of the assets. Tax positions taken related to HESC's tax exempt status, and state filing requirements have been reviewed, and management is of the opinion that material positions taken by HESC would more likely than not be sustained by examination. Accordingly, HESC has not recorded an income tax liability for uncertain tax benefits. X X false false false false false false false false false false KATHRYN BRYAN EX DIR EMERITUS 180000 2800 3226 12296 3781 202103 PHILLIP WAMBSGANSS Executive Dir. 156248 14023 473 11358 6694 188796 ROBERT LAMBERSON DIR OF SYSTEMS 133750 5504 261 9424 6840 155779 Form 990, Part VI, Line 11b: Form 990 Review Process FORM 990 IS PREPARED BY THE HESC DIRECTOR OF ACCOUNTING, REVIEWED BY A CPA FIRM AND BY THE HESC CEO, BEFORE IT IS FILED. THE CEO DISCUSSES THE FORM 990 WITH THE BOARD OF DIRECTORS AFTER IT IS FILED. Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts HESC'S GENERAL COUNSEL ATTENDS EVERY BOARD MEETING. THE GENERAL 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, Line 15a: Compensation Review & Approval Process - CEO, Top Management THE BOARD OF DIRECTORS IS PROVIDED WITH INDUSTRY RELATED SALARY SURVEYS AND INFORMATION PREPARED BY THIRD PARTIES. COMPARABLE JOBS AND SALRIES ARE REVIEWED PRIOR TO ANNUAL BUDGET SALARIES BEING SET. Form 990, Part VI, Line 19: Other Organization Documents Publicly Available HESC PROVIDES ITS AUDITED FINANCIAL STATEMENTS AND REPORTS TO THE PUBLIC UPON WRITTEN REQUEST. HESC DOES NOT MAKE ITS GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC. FORM 990, PART I, LINE 1 (CONTINUED): HESC ALSO ADMINISTERS EDUCATIONAL OUTREACH PROGRAMS AND SERVICES IN NORTH TEXAS. HESC INC 4381 W GREEN OAKS BLVD SUITE 200 ARLINGTON TX 76016 752209271 PROMOTION OF HIGHER EDUCATION TX N/A NORTH TEXAS HIGHER EDUCATION AUTHORITY 4381 W GREEN OAKS BLVD SUITE 200 ARLINGTON TX 76016 237133739 LENDER AND LOAN SERVICER TX 501C3 11a NA false false false false false false false false false false false false true false false false false false false false NORTH TEXAS HIGHER EDUCATION AUTHORITY l 5512289 CASH