2016-06-10T08:45:49-05:00 2015-12-31 463602660 JOHNSON & SHELDON PLLC PO BOX 509 AMARILLO TX 791050509 990 2015-01-01 455543346 PANHANDLE-PLAINS MANAGEMENT & SERVICING CORPORATION PANH 8063244115 1303 23RD STREET CANYON TX 79015 JIMMY PARKER PRESIDENT 8063244115 2016-05-03 true RICHARD W BLANKENSHIP CPA P00172630 8063717661 2016-06-09 2015 2016-09-27 15:27:22Z SEE SCHEDULE O JIMMY PARKER 6670586 false X WWW.PPSLC.COM X 2012 TX MASTER STUDENT LOAN SERVICER FOR PANHANDLE-PLAINS HIGHER EDUCATION AUTHORITY, INC. (PPHEA), PANHANDLE-PLAINS STUDENT FINANCE CORPORATION (PPSFC), AND OTHER ORGANIZATIONS. THE CORPORATION ALSO PERFORMS MANAGEMENT AND OVERSIGHT SERVICES FOR PPHEA AND PPSFC, OF WHICH BOTH ARE ALSO RELATED NOT-FOR-PROFIT ORGANIZATIONS. ALSO PROVIDES EDUCATIONAL AND CHARITABLE PROGRAMS TO DECREASE STUDENT LOAN DEFAULTS, PROMOTE FINANCIAL AID OUTREACH AND FINANCIAL LITERACY. 4 4 15 23517 22517 0 7102500 6670563 28 23 0 7102528 6670586 0 0 1767546 1632586 0 0 4104149 3087264 5871695 4719850 1230833 1950736 9236051 7250382 6937587 3001182 2298464 4249200 X MASTER STUDENT LOAN SERVICER FOR PANHANDLE-PLAINS HIGHER EDUCATION AUTHORITY, INC. (PPHEA), PANHANDLE-PLAINS STUDENT FINANCE CORPORATION (PPSFC), AND OTHER ORGANIZATIONS. THE CORPORATION ALSO PERFORMS MANAGEMENT AND OVERSIGHT SERVICES FOR PPHEA AND PPSFC, OF WHICH BOTH ARE ALSO RELATED NOT-FOR-PROFIT ORGANIZATIONS. ALSO PROVIDES EDUCATIONAL AND CHARITABLE PROGRAMS TO DECREASE STUDENT LOAN DEFAULTS, PROMOTE FINANCIAL AID OUTREACH AND FINANCIAL LITERACY. false false 716464 367682 MASTER STUDENT LOAN SERVICER FOR PANHANDLE-PLAINS HIGHER EDUCATION AUTHORITY, INC. (PPHEA), PANHANDLE-PLAINS STUDENT FINANCE CORPORATION (PPSFC), AND OTHER ORGANIZATIONS. 2507626 5811404 MANAGEMENT AND OVERSIGHT SERVICES FOR PPHEA AND PPSFC, BOTH ORGANIZATIONS ARE ALSO RELATED NOT-FOR-PROFIT ORGANIZATIONS. 358232 320571 PROVIDE EDUCATIONAL AND CHARITABLE PROGRAMS TO DECREASE STUDENT LOAN DEFAULTS, PROMOTE FINANCIAL AID OUTREACH ACTIVITIES, AND PROMOTE FINANCIAL LITERACY. 394054 170906 IN CONJUNCTION WITH THE PANHANDLE NON-PROFITS, WE HAVE DEVELOPED AND INTRODUCED THE STUDENT LOAN ASSISTANCE MANAGER (SLAM), WHICH IS A COHORT DEFAULT RATE MANAGEMENT SYSTEM CREATED TO IMPORT NATIONAL STUDENT LOAN DATA SYSTEMS (NSLDS) DATA AND ALLOW SCHOOLS TO UNDERTAKE DEFAULT PREVENTION ACTIVITIES. THE SYSTEM PROVIDES THE SCHOOL WITH USER-FRIENDLY ACCESS TO NSLDS DATA ON THE STUDENT LOANS OF BORROWERS WHO ATTENDED THE SCHOOL AND CAN BE USED TO IDENTIFY BORROWERS FOR DEFAULT AVERSION ACTIVITIES AND TO ESTIMATE THE INSTITUTION'S COHORT DEFAULT RATE (WHICH IS IMPORTANT FOR SCHOOLS TO HAVE CONTINUED ELIGIBILITY TO PARTICIPATE AND RECEIVE TITLE IV STUDENT AID FUNDS FOR THEIR STUDENTS). 394054 170906 3976376 true false false false false false false false false false true false false false true true true false false false false false false false false false false false false true false false false true false false false true false false false false false true false false false true 10 0 15 true true true false false false false false X 4 4 false false false false false false false true true false false true true true true true false true true false X JIMMY PARKER 8063244115 1303 23RD ST CANYON TX 79015 QUINN ALEXANDER CHAIRMAN 2.00 2.00 X X 0 0 0 MICHAEL P RYAN VICE CHAIRMA 2.00 2.00 X X 0 0 0 TAMMY ROARK SECRETARY 2.00 2.00 X X 0 0 0 JAN BENTON DIRECTOR 2.00 2.00 X 0 0 0 JIMMY PARKER PRESIDENT 30.00 10.00 X 176179 0 25896 JOHN WRIGHT SR VICE PRES 30.00 10.00 X 145414 0 35689 EARL HUDGINS SR VICE PRES 30.00 10.00 X 118593 0 12890 ZACH BELL CFO 10.00 30.00 X 108004 0 28952 548190 103427 4 false true false XEROX EDUCATION SERVICES INC PO BOX 201322 DALLAS TX 75320 LOAN SUB-SERVIC 4711248 NELNET INC PO BOX 82561 LINCOLN NE 685012561 LOAN SUB-SERVIC 590481 2 MAINTENANCE & OPERATIONS 522298 5811404 5811404 STUDENT LOAN SERVICING REVENU 522298 344165 344165 DEFAULT PREVENTION FEES 522298 320571 320571 FINANCIAL AID CONSULTING SERV 522298 170906 170906 STUDENT LOAN SERVICING REVENU 561000 23517 23517 6670563 23 23 6670586 6647046 23517 23 548190 360239 187951 732580 472991 259589 104546 69773 34773 155322 100066 55256 91948 60311 31637 18274 18274 26100 26100 107860 107860 7240 7240 60040 30020 30020 55331 27666 27665 73738 36868 36870 29862 14931 14931 210514 210514 2376039 2376039 53302 26651 26651 TELEPHONE AND COMMUNICATI 40958 20479 20479 DUES AND SUBSCRIPTIONS 17895 7953 9942 FEDERAL INCOME TAX 3527 3527 DUES & SUBSCRIPTIONS 1988 1988 4596 413 4183 4719850 3976376 743474 0 851235 882838 1032249 991298 31205 26785 102221 88089 587580 128420 76444 459160 7142697 4802212 9236051 7250382 727875 582805 280527 6203190 2134328 6522 3522 6937587 3001182 X 2298464 4249200 2298464 4249200 9236051 7250382 1950736 X false true X true false X X X 2 PANHANDLE-PLAINS HIGHER EDUCATION AUTHORITY INC 237025386 9 true 0 0 PANHANDLE-PLAINS STUDENT FINANCE CORPORATION 752059556 9 true 0 0 2 0 true false false false false false false false false false false false false false false true false 107208 107208 295423 5033 290390 124563 88163 36400 60386 35224 25162 459160 3522 3522 X 6670586 6670586 6670586 4719850 4719850 4719850 SCHEDULE D, PAGE 3, PART X THE CORPORATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC), AND HAS BEEN DETERMINED NOT TO BE A PRIVATE FOUNDATION UNDER SECTION 509(A) OF THE IRC. AS A RESULT, INCOME TAXES ARE NOT INCLUDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. MANAGEMENT EVALUATED THE CORPORATION'S TAX POSITIONS AND CONCLUDED THAT THE CORPORATION HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THIS GUIDANCE. THE CORPORATION IS SUBJECT TO INCOME TAX EXAMINATIONS BY THE U.S. FEDERAL TAX AUTHORITIES FOR YEARS BEGINNING WITH ITS INCEPTION IN 2012. X true false X false false false false false false false false false JIMMY PARKER PRESIDENT 146278 14901 15000 14901 10995 202075 JOHN WRIGHT SR VICE PRESIDENT 122466 12948 10000 12948 22741 181103 FIRST NATIONAL BANK OF PADUCAH BOARD PRESIDENT REAL ESTATE X 300000 280527 false true true 280527 FIRST NATIONAL BANK OF PADUCAH BOARD CHAIRMAN 280527 REAL ESTATE NOTE false SCHEDULE L, PART V ON JUNE 17, 2015, IN CONNECTION WITH THE PURCHASE OF THE CANYON OFFICE BUILDING AND LAND, THE CORPORATION ENTERED INTO A 300,000 NOTE PAYABLE AGREEMENT WITH FIRST NATIONAL BANK OF PADUCAH WITH WHICH A DIRECTOR OF THE CORPORATION WAS ALSO THE CHIEF EXECUTIVE OFFICER. FORM 990, PAGE 1, ITEM C PANHANDLE-PLAINS STUDENT LOAN CENTER FORM 990 - ORGANIZATION'S MISSION MASTER STUDENT LOAN SERVICER FOR PANHANDLE-PLAINS HIGHER EDUCATION AUTHORITY, INC. (PPHEA), PANHANDLE-PLAINS STUDENT FINANCE CORPORATION (PPSFC), AND OTHER ORGANIZATIONS. THE CORPORATION ALSO PERFORMS MANAGEMENT AND OVERSIGHT SERVICES FOR PPHEA AND PPSFC, OF WHICH BOTH ARE ALSO RELATED NOT-FOR-PROFIT ORGANIZATIONS. ALSO PROVIDES EDUCATIONAL AND CHARITABLE PROGRAMS TO DECREASE STUDENT LOAN DEFAULTS, PROMOTE FINANCIAL AID OUTREACH AND FINANCIAL LITERACY. FORM 990, PAGE 2, PART III, LINE 4D IN CONJUNCTION WITH THE PANHANDLE NON-PROFITS, WE HAVE DEVELOPED AND INTRODUCED THE STUDENT LOAN ASSISTANCE MANAGER (SLAM), WHICH IS A COHORT DEFAULT RATE MANAGEMENT SYSTEM CREATED TO IMPORT NATIONAL STUDENT LOAN DATA SYSTEMS (NSLDS) DATA AND ALLOW SCHOOLS TO UNDERTAKE DEFAULT PREVENTION ACTIVITIES. THE SYSTEM PROVIDES THE SCHOOL WITH USER-FRIENDLY ACCESS TO NSLDS DATA ON THE STUDENT LOANS OF BORROWERS WHO ATTENDED THE SCHOOL AND CAN BE USED TO IDENTIFY BORROWERS FOR DEFAULT AVERSION ACTIVITIES AND TO ESTIMATE THE INSTITUTION'S COHORT DEFAULT RATE (WHICH IS IMPORTANT FOR SCHOOLS TO HAVE CONTINUED ELIGIBILITY TO PARTICIPATE AND RECEIVE TITLE IV STUDENT AID FUNDS FOR THEIR STUDENTS). FORM 990, PAGE 6, PART VI, LINE 11B THE BOARD OF DIRECTORS OF PANHANDLE-PLAINS MANAGEMENT & SERVICING CORPORATION IS PROVIDED AN ELECTRONIC COPY OF THE FORM 990 ONE WEEK PRIOR TO FILING. THE DIRECTORS THEN HAVE A WEEK TO REVIEW AND GIVE COMMENTS BEFORE THE RETURN IS FILED WITH THE INTERNAL REVENUE SERVICE. FORM 990, PAGE 6, PART VI, LINE 12C THE BOARD MEMBERS OF PANHANDLE-PLAINS MANAGEMENT & SERVICING CORPORATION ARE REQUIRED TO UPDATE THEIR CONFLICT OF INTEREST STATEMENT AT THE ANNUAL BOARD OF DIRECTORS MEETING, HELD DURING MAY OF EACH YEAR. A RECORD OF THIS IS KEPT IN THE MINUTES OF THE BOARD MEETING. FORM 990, PAGE 6, PART VI, LINE 15A DURING THE ANNUAL BUDGET APPROVAL PROCESS THE BOARD OF DIRECTORS APPROVE THE SALARIES OF ALL EMPLOYEES, INCLUDING PRESIDENT AND KEY EMPLOYEES. THE BOARD ALSO INCLUDED A 3% RAISE FOR ALL EMPLOYEES FOR 2015. FORM 990, PAGE 6, PART VI, LINE 15B DURING THE ANNUAL BUDGET APPROVAL PROCESS THE BOARD OF DIRECTORS APPROVE THE SALARIES OF ALL EMPLOYEES, INCLUDING PRESIDENT AND KEY EMPLOYEES. THE BOARD ALSO INCLUDED A 3% RAISE FOR ALL EMPLOYEES FOR 2015. FORM 990, PAGE 6, PART VI, LINE 19 PANHANDLE-PLAINS MANAGEMENT & SERVICING CORPORATION MAKES ALL GOVERNING DOCUMENTS, POLICIES, ANNUAL AUDITED FINANCIAL STATEMENTS AND FORM 990S AVAILABLE UPON REQUEST. ARTICLES OF INCORPORATION AND PUBLIC DOCUMENTS ARE PUBLIC INFORMATION AND ARE AVAILABLE FROM THE TEXAS SECRETARY OF STATE. PANHANDLE-PLAINS HIGHER EDUCATION AUTHORITY INC 1303 23RD STREET CANYON TX 79015 237025386 LENDER TX 501C3 11A N/A false PANHANDLE-PLAINS STUDENT FINANCE CORPORATION 1303 23RD STREET CANYON TX 79015 752059556 LENDER TX 501C3 9 N/A false false false false false false false false false false false false true false false false false false false false PANHANDLE-PLAINS HIGHER EDUCATION AUTHORITY INC L 5576183 CASH PANHANDLE-PLAINS STUDENT FINANCE CORPORATION L 403046 CASH