BRAZOS HIGHER EDUCATION SERVICE CORPORATION INC: Form 990, tax year 2014
View the entire original 990 at ProPublica ↗
- Organization
- BRAZOS HIGHER EDUCATION SERVICE CORPORATION INC (EIN 74-2129255)
- Tax period
- 2014-07-01 to 2015-06-30
- Filed
- 2016-03-18
- IRS object ID
- 201630789349300508
- Schema version
- 2014v6.0
- 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 | 2016-03-18T10:40:38-05:00 | ReturnTs |
| Tax Period End | 2015-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 741130599 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PATTILLO BROWN & HILL LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | P O BOX 20725 | AddressLine1Txt |
| City | WACO | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 767020725 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2014-07-01 | 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 CORPORATION INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| 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 | CFO | PersonTitleTxt |
| Phone | 2547530915 | PhoneNum |
| Signature | 2016-02-05 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | MIKE LUCAS CPA | PreparerPersonNm |
| PTIN | P00581536 | PTIN |
| Phone | 2547724901 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2014 | TaxYr |
| Build TS | 2016-08-17 19:52:53Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Change | Yes (X) | AddressChangeInd |
| 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 | $15,672,714 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.BRAZOS.US.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 ENTITIES STUDENT LOAN SERVICING NEEDS. | ActivityOrMissionDesc |
| Voting Members Governing Body | 9 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 8 | VotingMembersIndependentCnt |
| Total Employee | 71 | TotalEmployeeCnt |
| Total Volunteers | 0 | TotalVolunteersCnt |
| Total Gross UBI | $508,704 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | -$80,077 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $0 | PYContributionsGrantsAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $15,206,877 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $13,365,640 | CYProgramServiceRevenueAmt |
| PY Investment Income | -$6,643,823 | PYInvestmentIncomeAmt |
| CY Investment Income | $751,557 | CYInvestmentIncomeAmt |
| PY Other Revenue | $166,616 | PYOtherRevenueAmt |
| CY Other Revenue | $159,272 | CYOtherRevenueAmt |
| PY Total Revenue | $8,729,670 | PYTotalRevenueAmt |
| CY Total Revenue | $14,276,469 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $139,160 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $164,694 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $10,259,217 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $9,460,239 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $4,652,341 | PYOtherExpensesAmt |
| CY Other Expenses | $3,569,007 | CYOtherExpensesAmt |
| PY Total Expenses | $15,050,718 | PYTotalExpensesAmt |
| CY Total Expenses | $13,193,940 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | -$6,321,048 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $1,082,529 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $50,607,859 | TotalAssetsBOYAmt |
| Total Assets EOY | $51,433,245 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $6,415,390 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $4,957,181 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $44,192,469 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $46,476,064 | NetAssetsOrFundBalancesEOYAmt |
| Mission | TO PROVIDE MANAGEMENT AND ADMINISTRATIVE SUPPORT FOR AFFILIATED ENTITIES STUDENT LOAN SERVICING NEEDS. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $10,806,265 | ExpenseAmt |
| Grant | $164,694 | GrantAmt |
| Revenue | $13,141,257 | 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 ALMOST 868 THOUSAND LOANS WITH OUTSTANDING PRINCIPAL IN EXCESS OF $7.3 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 | $561,800 | ExpenseAmt |
| 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 | $11,368,065 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | 0 | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | Yes (1) | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Temp Or Permanent Endowments | 0 | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | Yes (1) | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | Yes (1) | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (1) | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | Yes (1) | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | Yes (1) | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | Yes (1) | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | 0 | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 42 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 71 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | 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 (1) | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RICKY TURMAN CFO | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| 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 |
Form990 Part VII Section A Form990PartVIISectionAGrp (31 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 |
|---|---|---|---|---|---|---|---|---|---|
| MRS JOYCE PACKARD | |||||||||
| CHAIRMAN | 1.00 | 8.00 | Yes (X) | $0 | $0 | $0 | |||
| TOM CHASE | |||||||||
| VICE CHAIRMAN | 1.00 | 10.00 | Yes (X) | $0 | $0 | $0 | |||
| BOB CHAMBERS | |||||||||
| DIRECTOR | 1.00 | 8.00 | Yes (X) | $0 | $0 | $0 | |||
| NORMAN HAY JR | |||||||||
| DIRECTOR | 1.00 | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| JOHN PERRY | |||||||||
| DIRECTOR | 1.00 | 4.00 | Yes (X) | $0 | $0 | $0 | |||
| DR JOSEPH VELEZ | |||||||||
| DIRECTOR | 1.00 | 3.00 | Yes (X) | $0 | $0 | $0 | |||
| DR TERRY MANESS | |||||||||
| DIRECTOR | 1.00 | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| WILTON LANNING | |||||||||
| DIRECTOR | 1.00 | 8.00 | Yes (X) | $0 | $0 | $0 | |||
| MURRAY WATSON JR | |||||||||
| PRESIDENT | 40.00 | 10.00 | Yes (X) | $1,049,193 | $0 | $36,775 | Yes (X) | ||
| ELLIS TREDWAY | |||||||||
| EVP / COO | 40.00 | 10.00 | Yes (X) | $468,566 | $0 | $48,483 | Yes (X) | ||
| RICKY TURMAN | |||||||||
| EVP / CFO | 40.00 | 10.00 | $447,329 | $0 | $55,565 | Yes (X) | |||
| THOMAS BEN LITLE | |||||||||
| EVP/COO/SR VP/GEN COUNSEL | 40.00 | 10.00 | $523,131 | $0 | $47,232 | Yes (X) | |||
| MICHAEL MACOMBER | |||||||||
| EVP SALES & MARKETING | 40.00 | 0.00 | $342,023 | $0 | $65,842 | Yes (X) | |||
| SAMUEL REDDEN | |||||||||
| SVP / CHIEF INFO OFFICER | 40.00 | 0.00 | $262,896 | $0 | $45,508 | Yes (X) | |||
| RANDALL LARSON | |||||||||
| SPECIAL PROJECTS VP | 40.00 | 0.00 | $216,679 | $0 | $37,305 | Yes (X) | |||
| TAMMY HARRALSON | |||||||||
| CONTROLLER / VP | 40.00 | 10.00 | $190,153 | $0 | $32,938 | Yes (X) | |||
| JANICE WHITE | |||||||||
| VP ADMINISTRATION/ASST SECRETARY | 40.00 | 3.00 | $170,056 | $0 | $23,528 | Yes (X) | |||
| ANDREW ELLIS | |||||||||
| VP, HUMAN RESOURCES | 40.00 | 0.00 | $164,217 | $0 | $34,081 | Yes (X) | |||
| DANIEL REYNA | |||||||||
| INTERNAL AUDIT DIRECTOR | 40.00 | 8.00 | $132,199 | $0 | $23,940 | Yes (X) | |||
| JAMES MCINNIS | |||||||||
| TREASURER | 40.00 | 9.00 | $104,231 | $0 | $22,256 | Yes (X) | |||
| DARRELL BROOKS | |||||||||
| TREASURER | 40.00 | 9.00 | $144,377 | $0 | $36,119 | Yes (X) | |||
| SUSAN DAVIS | |||||||||
| SECRETARY | 40.00 | 10.00 | $93,565 | $0 | $20,813 | Yes (X) | |||
| RAY RUSHING | |||||||||
| SECRETARY | 40.00 | 9.00 | $0 | $0 | $0 | Yes (X) | |||
| JUSTIN GREEN | |||||||||
| FINANCIAL SERVICE DIR | 40.00 | 0.00 | $194,176 | $0 | $39,201 | Yes (X) | |||
| JOHN M WRIGHT | |||||||||
| BUSINESS ANALYTICS DIR | 40.00 | 0.00 | $175,709 | $0 | $29,149 | Yes (X) | |||
| DEBRA URIAS | |||||||||
| VP CUSTOMER RELATIONS | 40.00 | 0.00 | $153,393 | $0 | $25,444 | Yes (X) | |||
| SARAH MACCARTHY | |||||||||
| PROJECT MANAGEMENT | 40.00 | 0.00 | $162,930 | $0 | $25,673 | Yes (X) | |||
| REBECCA HARLAND | |||||||||
| LOAN ADMIN MANAGER | 40.00 | 0.00 | $152,280 | $0 | $32,803 | Yes (X) | |||
| DAVID HORNER | |||||||||
| FORMER EVP | 40.00 | 8.00 | $118,599 | $0 | $31,726 | Yes (X) | |||
| KELLI VILLARRIAL | |||||||||
| FORMER VP, ASSOC GEN COUNS | 40.00 | 8.00 | $267,091 | $0 | $41,960 | Yes (X) | |||
| MILICENT MISSY LARSON | |||||||||
| FORMER VICE PRESIDENT, HR | 40.00 | 0.00 | $132,604 | $0 | $33,937 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $5,665,397 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $790,278 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 30 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | Yes (1) | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| MURRAY WATSON & ASSOCIATES | |||||
| 2600 WASHINGTON AVE | WACO | TX | 76710 | LEGAL | $691,680 |
| SAYLOR CONSULTING SERVICES LLC | |||||
| 9 NORTHVIEW AVE | MONTCLAIR | NJ | 07043 | CONSULTING SERVICES | $492,509 |
| OMEGA CONSULTANTS | |||||
| 5601 GLENBECK ROAD | STROUDSBURG | PA | 18360 | CONSULTING SERVICES | $262,409 |
| HES NEW VENTURES LLC | |||||
| 245 W CHOCOLATE AVE | HERSHEY | PA | 17033 | CONSULTING SERVICES | $199,149 |
| CLAIBORN SOFTWARE CONSULTANTS | |||||
| P O BOX 194 | ROSS | TX | 76684 | CONSULTING SERVICES | $181,435 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 7 | CntrctRcvdGreaterThan100KCnt |
Program Service Revenue ProgramServiceRevenueGrp (5 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt |
|---|---|---|---|---|
| OPERATING INCOME | 522294 | $9,948,088 | $9,948,088 | |
| BENEFICIAL INTEREST (M&O) | 522294 | $2,344,413 | $2,344,413 | |
| COMMISSION INCOME PORTFOLIO MANAG | 522294 | $612,801 | $612,801 | |
| ADMINISTRATIVE SERVICES INCOME | 522294 | $361,202 | $361,202 | |
| AMORTIZATION OF DEFERRED INCOME | 522294 | $99,136 | $99,136 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $13,365,640 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $548,303 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | $147,502 | UnrelatedBusinessRevenueAmt |
| Exclusion | $400,801 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $22,453 | RealAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $0 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $22,453 | RealAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $22,453 | TotalRevenueColumnAmt |
| Exclusion | $22,453 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $1,588,000 | SecuritiesAmt |
| Other | $11,499 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $1,388,253 | SecuritiesAmt |
| Other | $7,992 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $199,747 | SecuritiesAmt |
| Other | $3,507 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $203,254 | TotalRevenueColumnAmt |
| Exclusion | $203,254 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | MISCELLANEOUS REVENUE | Desc |
| Business | 522294 | BusinessCd |
| Total Revenue Column | $136,819 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $136,819 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $136,819 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $14,276,469 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $13,141,257 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $508,704 | UnrelatedBusinessRevenueAmt |
| Exclusion | $626,508 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $163,944 | TotalAmt |
| Program Services | $163,944 | ProgramServicesAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $750 | TotalAmt |
| Program Services | $750 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,793,108 | TotalAmt |
| Program Services | $4,313,797 | ProgramServicesAmt |
| Management And General | $479,311 | ManagementAndGeneralAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,739,872 | TotalAmt |
| Program Services | $2,542,159 | ProgramServicesAmt |
| Management And General | $197,713 | ManagementAndGeneralAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $474,256 | TotalAmt |
| Program Services | $435,422 | ProgramServicesAmt |
| Management And General | $38,834 | ManagementAndGeneralAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,003,034 | TotalAmt |
| Program Services | $907,268 | ProgramServicesAmt |
| Management And General | $95,766 | ManagementAndGeneralAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $449,969 | TotalAmt |
| Program Services | $410,496 | ProgramServicesAmt |
| Management And General | $39,473 | ManagementAndGeneralAmt |
Fees For Services Management FeesForServicesManagementGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $692,460 | TotalAmt |
| Program Services | $110,753 | ProgramServicesAmt |
| Management And General | $581,707 | ManagementAndGeneralAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $725,665 | TotalAmt |
| Program Services | $653,133 | ProgramServicesAmt |
| Management And General | $72,532 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $52,423 | TotalAmt |
| Program Services | $47,856 | ProgramServicesAmt |
| Management And General | $4,567 | ManagementAndGeneralAmt |
Fees For Services Lobbying FeesForServicesLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $182,850 | TotalAmt |
| Program Services | $182,850 | ProgramServicesAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $16,514 | TotalAmt |
| Program Services | $3,503 | ProgramServicesAmt |
| Management And General | $13,011 | ManagementAndGeneralAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,011 | TotalAmt |
| Program Services | $6,011 | ProgramServicesAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $533,987 | TotalAmt |
| Program Services | $426,019 | ProgramServicesAmt |
| Management And General | $107,968 | ManagementAndGeneralAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $212,345 | TotalAmt |
| Program Services | $191,110 | ProgramServicesAmt |
| Management And General | $21,235 | ManagementAndGeneralAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $337,596 | TotalAmt |
| Program Services | $304,753 | ProgramServicesAmt |
| Management And General | $32,843 | ManagementAndGeneralAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $84,486 | TotalAmt |
| Program Services | $76,484 | ProgramServicesAmt |
| Management And General | $8,002 | ManagementAndGeneralAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $26,892 | TotalAmt |
| Program Services | $24,307 | ProgramServicesAmt |
| Management And General | $2,585 | ManagementAndGeneralAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $115,595 | TotalAmt |
| Program Services | $104,369 | ProgramServicesAmt |
| Management And General | $11,226 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $370,761 | TotalAmt |
| Program Services | $333,685 | ProgramServicesAmt |
| Management And General | $37,076 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt |
|---|---|---|---|
| DUES/SUBSCRIPTIONS | $94,942 | $85,699 | $9,243 |
| ENTERTAINMENT | $53,417 | $1,101 | $52,316 |
| MISCELLANEOUS EXPENSE | $31,661 | $13,757 | $17,904 |
| ADMINISTRATIVE EXPENSE | $25,625 | $23,062 | $2,563 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,777 | TotalAmt |
| Program Services | $5,777 | ProgramServicesAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $13,193,940 | TotalAmt |
| Program Services | $11,368,065 | ProgramServicesAmt |
| Management And General | $1,825,875 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,879,326 | BOYAmt |
| EOY | $9,528,123 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,140,344 | BOYAmt |
| EOY | $5,145,881 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $605 | BOYAmt |
| EOY | $86,958 | EOYAmt |
Receivables From Officers Etc ReceivablesFromOfficersEtcGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $630,912 | BOYAmt |
| EOY | $658,987 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $500,000 | BOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $150,409 | BOYAmt |
| EOY | $134,823 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $2,692,851 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $1,671,336 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,145,101 | BOYAmt |
| EOY | $1,021,515 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,620,190 | BOYAmt |
| EOY | $5,558,346 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,323,076 | BOYAmt |
| EOY | $9,355,403 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $20,217,896 | BOYAmt |
| EOY | $19,943,209 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $50,607,859 | BOYAmt |
| EOY | $51,433,245 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,007,409 | BOYAmt |
| EOY | $787,979 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $99,136 | BOYAmt |
| EOY | $0 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,308,845 | BOYAmt |
| EOY | $4,169,202 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,415,390 | BOYAmt |
| EOY | $4,957,181 | 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 | $44,192,469 | BOYAmt |
| EOY | $46,476,064 | 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 | $44,192,469 | BOYAmt |
| EOY | $46,476,064 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $50,607,859 | BOYAmt |
| EOY | $51,433,245 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $1,082,529 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | $1,201,066 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | 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 (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org509a2 | Yes (X) | PubliclySupportedOrg509a2Ind |
Gross Receipts Admissions GrossReceiptsAdmissionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $17,280,054 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $21,935,545 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $19,493,642 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $14,764,700 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $13,004,438 | CurrentTaxYearAmt |
| Total | $86,478,379 | TotalAmt |
Total509 Total509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $17,280,054 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $21,935,545 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $19,493,642 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $14,764,700 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $13,004,438 | CurrentTaxYearAmt |
| Total | $86,478,379 | 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 | $86,478,379 | PublicSupportTotal509Amt |
Gross Investment Income509 GrossInvestmentIncome509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $3,131,072 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $549,129 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $690,776 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $649,502 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $423,254 | CurrentTaxYearAmt |
| Total | $5,443,733 | TotalAmt |
Investment Income And UBTI InvestmentIncomeAndUBTIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $3,131,072 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $549,129 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $690,776 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $649,502 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $423,254 | CurrentTaxYearAmt |
| Total | $5,443,733 | TotalAmt |
Net Income From Other UBI NetIncomeFromOtherUBIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus2 Years | -$46,299 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | -$31,251 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | -$80,077 | CurrentTaxYearAmt |
| Total | -$157,627 | TotalAmt |
Other Income509 OtherIncome509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $475,990 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $264,836 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $109,976 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $144,307 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $136,819 | CurrentTaxYearAmt |
| Total | $1,131,928 | TotalAmt |
Total Support Calendar Year TotalSupportCalendarYearGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $20,887,116 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $22,749,510 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $20,248,095 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $15,527,258 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $13,484,434 | CurrentTaxYearAmt |
| Total | $92,896,413 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support CY509 | 0.93090 | PublicSupportCY509Pct |
| Public Support PY509 | 0.92310 | PublicSupportPY509Pct |
| Investment Income CY | 0.05860 | InvestmentIncomeCYPct |
| Investment Income PY | 0.06650 | InvestmentIncomePYPct |
| Thirty Thr Pct Suprt Tests CY509 | Yes (X) | ThirtyThrPctSuprtTestsCY509Ind |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Volunteers | 0 | VolunteersInd |
| Paid Staff Or Management | 0 | PaidStaffOrManagementInd |
| Media Advertisements | 0 | MediaAdvertisementsInd |
| Mailings Members | 0 | MailingsMembersInd |
| Publications Or Broadcast | 0 | PublicationsOrBroadcastInd |
| Grants Other Organizations | 0 | GrantsOtherOrganizationsInd |
| Direct Contact Legislators | 0 | DirectContactLegislatorsInd |
| Rallies Demonstrations | 0 | RalliesDemonstrationsInd |
| Other Activities | Yes (1) | OtherActivitiesInd |
| Other Activities | $182,850 | OtherActivitiesAmt |
| Total Lobbying Expenditures | $182,850 | TotalLobbyingExpendituresAmt |
| Not Described Section501c3 | 0 | NotDescribedSection501c3Ind |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART I-A, LINE 1: | 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. |
| PART II-B, LINE 1: | 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 COMPLIACE IN ALL AREAS OF THE BUSINESS. LEGISLATION ISSUES INCLUDED BUDGET RECONCILIATION, REAUTHORIZATION OF THE HIGHER EDUCATION ACT, TAX-EXEMPT ISSUES AND PRIVACY ISSUES. |
Schedule D IRS990ScheduleD
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 | $2,013,601 | OtherCostOrOtherBasisAmt |
| Depreciation | $1,217,303 | DepreciationAmt |
| Book Value | $796,298 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $611,250 | OtherCostOrOtherBasisAmt |
| Depreciation | $454,033 | DepreciationAmt |
| Book Value | $157,217 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $1,021,515 | TotalBookValueLandBuildingsAmt |
Closely Held Equity Interests CloselyHeldEquityInterestsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Book Value | $6,598,912 | BookValueAmt |
| Method Valuation | C | MethodValuationCd |
Other Securities OtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | RESIDUAL CERTIFICATE INVESTMENT | Desc |
| Book Value | $2,756,491 | BookValueAmt |
| Method Valuation | C | MethodValuationCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $9,355,403 | TotalBookValueSecuritiesAmt |
Other Assets Org OtherAssetsOrgGrp (3 entries)
| DescDesc | Book ValueBookValueAmt |
|---|---|
| ACCRUED INVESTMENT INTEREST | $751,183 |
| ASSETS HELD IN ESCROW | $4,169,202 |
| DUE FROM AFFILIATES | $15,022,824 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | $19,943,209 | TotalBookValueOtherAssetsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | PREFUNDED BENEFIT PAYABLE | Desc |
| Amt | $4,169,202 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $4,169,202 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $16,726,821 | TotalRevEtcAuditedFinclStmtAmt |
| Other Revenue | $2,450,352 | OtherRevenueAmt |
| Revenue Not Reported | $2,450,352 | RevenueNotReportedAmt |
| Revenue Subtotal | $14,276,469 | RevenueSubtotalAmt |
| Revenue Not Reported Fincl Stmt | $0 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $14,276,469 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $17,407,274 | TotExpnsEtcAuditedFinclStmtAmt |
| Other Expenses Included | $4,213,334 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $4,213,334 | ExpensesNotReportedAmt |
| Expenses Subtotal | $13,193,940 | ExpensesSubtotalAmt |
| Expenses Not Rpt Fincl Stmt | $0 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $13,193,940 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART X, LINE 2: | 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, 2015 AND 2014. AS SUCH, NO PROVISION FOR FEDERAL OR STATE INCOME TAXES HAS BEEN PROVIDED IN THE ACCOMPANYING 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, 2012 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. BAC IS A FOR-PROFIT CORPORATE SUBSIDIARY OF THE COMPANY. THE SEPARATE TAX ACCOUNTS FOR BAC ARE INCLUDED IN NOTE 11 OF THESE CONSOLIDATED FINANCIAL STATEMENTS. INCOME TAXES ARE ACCOUNTED FOR UNDER THE ASSET AND LIABILITY METHOD. DEFERRED TAX ASSETS AND LIABILITIES ARE RECOGNIZED FOR THE FUTURE TAX CONSEQUENCES ATTRIBUTABLE TO DIFFERENCES BETWEEN THE FINANCIAL STATEMENT CARRYING AMOUNTS OF EXISTING ASSETS AND LIABILITIES AND THEIR RESPECTIVE TAX BASES AND OPERATING LOSS AND TAX CREDIT CARRYFORWARDS. DEFERRED TAX ASSETS AND LIABILITIES ARE MEASURED USING ENACTED TAX RATES EXPECTED TO APPLY TO TAXABLE INCOME IN THE YEARS IN WHICH THOSE TEMPORARY DIFFERENCES ARE EXPECTED TO BE RECOVERED OR SETTLED. THE EFFECT ON DEFERRED TAX ASSETS AND LIABILITIES OF A CHANGE IN TAX RATES IS RECOGNIZED IN INCOME IN THE PERIOD THAT INCLUDES THE ENACTMENT DATE. INTERVIEWSTREAM IS A FOR-PROFIT CORPORATE MAJORITY OWNED SUBSIDIARY OF BAC. THE SEPARATE TAX ACCOUNTS FOR INTERVIEWSTREAM ARE INCLUDED IN NOTE 11 OF THESE CONSOLIDATED FINANCIAL STATEMENTS. INCOME TAXES ARE ACCOUNTED FOR UNDER THE ASSET AND LIABILITY METHOD. DEFERRED TAX ASSETS AND LIABILITIES ARE RECOGNIZED FOR THE FUTURE TAX CONSEQUENCES ATTRIBUTABLE TO DIFFERENCES BETWEEN THE FINANCIAL STATEMENT CARRYING AMOUNTS OF EXISTING ASSETS AND LIABILITIES AND THEIR RESPECTIVE TAX BASES AND OPERATING LOSS AND TAX CREDIT CARRYFORWARDS. DEFERRED TAX ASSETS AND LIABILITIES ARE MEASURED USING ENACTED TAX RATES EXPECTED TO APPLY TO TAXABLE INCOME IN THE YEARS IN WHICH THOSE TEMPORARY DIFFERENCES ARE EXPECTED TO BE RECOVERED OR SETTLED. THE EFFECT ON DEFERRED TAX ASSETS AND LIABILITIES OF A CHANGE IN TAX RATES IS RECOGNIZED IN INCOME IN THE PERIOD THAT INCLUDES THE ENACTMENT DATE. |
| PART XI, LINE 2D - OTHER ADJUSTMENTS: | INTERVIEWSTREAM AND BAC INCOME CONSOLIDATED WITH BHESC ON AUDIT 2,450,352. |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | INTERVIEWSTREAM AND BAC EXPENSES CONSOLIDATED WITH BHESC ON AUDIT 4,213,334. |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | 0 | GrantRecordsMaintainedInd |
Recipient Table RecipientTable (5 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Recipient EINRecipientEIN | IRC SectionIRCSectionDesc | Cash GrantCashGrantAmt | Purpose Of GrantPurposeOfGrantTxt |
|---|---|---|---|---|---|---|---|
| REACH THERAPEUDIC RIDING CENTER | |||||||
| 525 AUSTIN HINES | CHINA SPRING | TX | 76633 | 261856333 | 501(C)(3) | $12,500 | ASSIST WITH THE ORGANIZATION'S SCHOLARSHIP PROGRAM BENEFITING AUTISTIC CHILDREN. |
| WACO SCOTTISH RITE CHARITABLE FOUNDATION | |||||||
| 2801 WEST WACO DRIVE | WACO | TX | 76707 | 742581354 | 501(C)(3) | $5,000 | ASSIST WITH THE ORGANIZATION'S CAMP SUCCESS PROGRAM. |
| DR PEPPER MUSEUM & FREE ENTERPRISE INSTITUTE | |||||||
| 300 S 5TH STREET | WACO | TX | 76701 | 742497117 | 501(C)(3) | $12,500 | ASSIST WITH THE ORGANIZATION'S PURCHASE OF A VEHICLE. |
| WACO FAMILY PRACTICE FOUNDATION | |||||||
| 1600 PROVIDENCE DRIVE | WACO | TX | 76707 | 742446071 | 501(C)(3) | $10,000 | ASSIST WITH THE ORGANIZATION'S SUPPORT OF THE MCLENNAN COUNTY MEDICAL EDUCATION & RESEARCH FOUNDATION AND THE HEART OF TEXAS COMMUNITY HEALTH CENTER |
| GREATER WACO CHAMBER OF COMMERCE | |||||||
| P O BOX 1220 | WACO | TX | 76703 | 740967440 | 501(C)(6) | $7,350 | ASSIST THE CHAMBER BY HELPING TO SPONSOR SEVERAL OF ITS EVENTS DURING THE YEAR INCLUDING COLLEGIATE FORUM, ANNUAL KICKOFF, TIPOFF & FIRST PITCH LUNCHEONS, & 8TH REWARD SESSION. |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Club Dues Or Fees | Yes (X) | ClubDuesOrFeesInd |
| Personal Services | Yes (X) | PersonalServicesInd |
| Written Policy Ref T And E Expnss | Yes (1) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (1) | SubstantiationRequiredInd |
| Independent Consultant | Yes (X) | IndependentConsultantInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (20 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 JR | ||||||||||||||
| PRESIDENT | $607,294 | $0 | $356,012 | $0 | $85,887 | $0 | $33,500 | $0 | $3,275 | $0 | $1,085,968 | $0 | $0 | $0 |
| ELLIS TREDWAY | ||||||||||||||
| EVP / COO | $311,190 | $0 | $130,059 | $0 | $27,317 | $0 | $33,500 | $0 | $14,983 | $0 | $517,049 | $0 | $0 | $0 |
| RICKY TURMAN | ||||||||||||||
| EVP / CFO | $296,397 | $0 | $126,166 | $0 | $24,766 | $0 | $33,500 | $0 | $22,065 | $0 | $502,894 | $0 | $0 | $0 |
| THOMAS BEN LITLE | ||||||||||||||
| EVP/COO/SR VP/GEN COUNSEL | $442,517 | $0 | $63,644 | $0 | $16,970 | $0 | $31,609 | $0 | $15,623 | $0 | $570,363 | $0 | $0 | $0 |
| MICHAEL MACOMBER | ||||||||||||||
| EVP SALES & MARKETING | $220,287 | $0 | $97,933 | $0 | $23,803 | $0 | $42,247 | $0 | $23,595 | $0 | $407,865 | $0 | $0 | $0 |
| SAMUEL REDDEN | ||||||||||||||
| SVP / CHIEF INFO OFFICER | $172,911 | $0 | $54,432 | $0 | $35,553 | $0 | $32,080 | $0 | $13,428 | $0 | $308,404 | $0 | $0 | $0 |
| RANDALL LARSON | ||||||||||||||
| SPECIAL PROJECTS VP | $168,581 | $0 | $48,098 | $0 | $0 | $0 | $28,913 | $0 | $8,392 | $0 | $253,984 | $0 | $0 | $0 |
| TAMMY HARRALSON | ||||||||||||||
| CONTROLLER / VP | $130,186 | $0 | $42,422 | $0 | $17,545 | $0 | $24,883 | $0 | $8,055 | $0 | $223,091 | $0 | $0 | $0 |
| JANICE WHITE | ||||||||||||||
| VP ADMINISTRATION/ASST SECRETARY | $107,395 | $0 | $37,831 | $0 | $24,830 | $0 | $20,558 | $0 | $2,970 | $0 | $193,584 | $0 | $0 | $0 |
| ANDREW ELLIS | ||||||||||||||
| VP, HUMAN RESOURCES | $109,505 | $0 | $35,716 | $0 | $18,996 | $0 | $20,692 | $0 | $13,389 | $0 | $198,298 | $0 | $0 | $0 |
| DANIEL REYNA | ||||||||||||||
| INTERNAL AUDIT DIRECTOR | $102,356 | $0 | $29,843 | $0 | $0 | $0 | $16,150 | $0 | $7,790 | $0 | $156,139 | $0 | $0 | $0 |
| DARRELL BROOKS | ||||||||||||||
| TREASURER | $106,125 | $0 | $26,273 | $0 | $11,979 | $0 | $19,327 | $0 | $16,792 | $0 | $180,496 | $0 | $0 | $0 |
| JUSTIN GREEN | ||||||||||||||
| FINANCIAL SERVICE DIR | $143,744 | $0 | $42,973 | $0 | $7,459 | $0 | $22,594 | $0 | $16,607 | $0 | $233,377 | $0 | $0 | $0 |
| JOHN M WRIGHT | ||||||||||||||
| BUSINESS ANALYTICS DIR | $111,609 | $0 | $36,795 | $0 | $27,305 | $0 | $22,211 | $0 | $6,938 | $0 | $204,858 | $0 | $0 | $0 |
| DEBRA URIAS | ||||||||||||||
| VP CUSTOMER RELATIONS | $96,972 | $0 | $35,023 | $0 | $21,398 | $0 | $17,042 | $0 | $8,402 | $0 | $178,837 | $0 | $0 | $0 |
| SARAH MACCARTHY | ||||||||||||||
| PROJECT MANAGEMENT | $109,487 | $0 | $27,808 | $0 | $25,635 | $0 | $18,492 | $0 | $7,181 | $0 | $188,603 | $0 | $0 | $0 |
| REBECCA HARLAND | ||||||||||||||
| LOAN ADMIN MANAGER | $103,675 | $0 | $33,270 | $0 | $15,335 | $0 | $19,926 | $0 | $12,877 | $0 | $185,083 | $0 | $0 | $0 |
| DAVID HORNER | ||||||||||||||
| FORMER EVP | $100,375 | $0 | $2,430 | $0 | $15,794 | $0 | $13,800 | $0 | $17,926 | $0 | $150,325 | $0 | $0 | $0 |
| KELLI VILLARRIAL | ||||||||||||||
| FORMER VP, ASSOC GEN COUNS | $182,727 | $0 | $54,907 | $0 | $29,457 | $0 | $33,500 | $0 | $8,460 | $0 | $309,051 | $0 | $0 | $0 |
| MILICENT MISSY LARSON | ||||||||||||||
| FORMER VICE PRESIDENT, HR | $120,891 | $0 | $11,713 | $0 | $0 | $0 | $17,507 | $0 | $16,430 | $0 | $166,541 | $0 | $0 | $0 |
Schedule L IRS990ScheduleL
Loans Btwn Org Interested Prsn LoansBtwnOrgInterestedPrsnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | MURRAY WATSON JR | PersonNm |
| Relationship With Org | OFFICER | RelationshipWithOrgTxt |
| Loan Purpose | PERSONAL LIFE INSURANCE FOR MR WATSON & SPOUSE. | LoanPurposeTxt |
| Loan From Organization | Yes (X) | LoanFromOrganizationInd |
| Balance Due | $658,987 | BalanceDueAmt |
| Default | 0 | DefaultInd |
| Board Or Committee Approval | Yes (1) | BoardOrCommitteeApprovalInd |
| Written Agreement | Yes (1) | WrittenAgreementInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Balance Due | $658,987 | TotalBalanceDueAmt |
Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp
Name Of Interested NameOfInterested
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | MURRAY WATSON JR | PersonNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship Description | OFFICER OF ORGANIZATION | RelationshipDescriptionTxt |
| Transaction | $735,000 | TransactionAmt |
| Transaction | LEGAL SERVICES | TransactionDesc |
| Sharing Of Revenues | 0 | SharingOfRevenuesInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE L, PART II | FormAndLineReferenceDesc |
| Explanation | 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. WATSON'S ANNUAL W-2 AS TAXABLE INCOME. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (7 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 2 | MURRY WATSON, JR. IS THE PRESIDENT OF BRAZOS HIGHER EDUCATION SERVICE CORPORATION (BHESC). RANDAL LARSON (OFFICER AND EMPLOYEE OF BHESC), AND MILICENT LARSON (FORMER OFFICER AND CURRENT EMPLOYEE) ARE HIS SON IN-LAW AND DAUGHTER, RESPECTIVELY. MR. WATSON'S LAW FIRM, WATSON AND ASSOCIATES, ALSO EMPLOYS RAY RUSHING, WHO IS AN OFFICER OF BHESC. |
| FORM 990, PART VI, SECTION B, LINE 11 | 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 | THE COMPLIANCE DEPARTMENT PREPARES AND DISTRIBUTES A CONFLICT OF INTEREST QUESTIONNAIRE TO ALL BOARD MEMBERS AND EMPLOYEES ANNUALLY. INCLUDED WITH THE QUESTIONNAIRE IS A LISTING OF VENDORS UTILIZED BY THE ORGANIZATION. 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. |
| FORM 990, PART VI, SECTION B, LINE 15 | OFFICES & POSITIONS FOR WHICH PROCESS WAS USED, & YEAR PROCESS WAS BEGUN 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. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. |
| FORM 990, PART XI, LINE 9: | CONTRIBUTION 1,201,064. ROUNDING 2. |
| FORM 990, PART XII, LINE 2C | THE OVERSIGHT AND SELECTION PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. |
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 | Controlled OrganizationControlledOrganizationInd |
|---|---|---|---|---|---|---|---|---|---|
| ACADEMIC FINANCE CORPORATION | |||||||||
| 2600 WASHINGTON AVE | WACO | TX | 76710 | 742540458 | FUND STUDENT LOANS | TX | 501(C)(3) | LINE 9 | Yes (1) |
| ACAPITA EDUCATION FINANCE CORPORATION | |||||||||
| 2600 WASHINGTON AVE | WACO | TX | 76710 | 742542435 | FUND STUDENT LOANS | TX | 501(C)(3) | LINE 9 | Yes (1) |
| ANGELINA HIGHER EDUCATION AUTHORITY INC | |||||||||
| 2600 WASHINGTON AVE | WACO | TX | 76710 | 200115078 | FUND STUDENT LOANS | TX | 501(C)(3) | LINE 9 | Yes (1) |
| ATLANTIC STUDENT FINANCE CORPORATION | |||||||||
| 2600 WASHINGTON AVE | WACO | TX | 76710 | 205412189 | FUND STUDENT LOANS | FL | 501(C)(3) | LINE 7 | Yes (1) |
| BOSQUE HIGHER EDUCATION AUTHORITY INC | |||||||||
| 2600 WASHINGTON AVE | WACO | TX | 76710 | 742534099 | FUND STUDENT LOANS | TX | 501(C)(3) | LINE 9 | Yes (1) |
| BRAZOS EDUCATION FINANCE CORPORATION | |||||||||
| 2600 WASHINGTON AVE | WACO | TX | 76710 | 742539632 | FUND STUDENT LOANS | TX | 501(C)(3) | LINE 9 | Yes (1) |
| BRAZOS EDUCATION LOAN AUTHORITY INC | |||||||||
| 2600 WASHINGTON AVE | WACO | TX | 76710 | 203868073 | FUND STUDENT LOANS | TX | 501(C)(3) | LINE 9 | Yes (1) |
| BRAZOS HIGHER EDUCATION AUTHORITY INC | |||||||||
| 2600 WASHINGTON AVE | WACO | TX | 76710 | 742099402 | FUND STUDENT LOANS | TX | 501(C)(3) | LINE 9 | Yes (1) |
| BRAZOS EDUCATION FOUNDATION INC | |||||||||
| 2612 WASHINGTON AVE | WACO | TX | 76703 | 264562436 | GRANT MAKING | TX | 501(C)(3) | LINE 7 | Yes (1) |
| BRAZOS STUDENT FINANCE CORPORATION | |||||||||
| 2600 WASHINGTON AVE | WACO | TX | 76710 | 742356109 | FUND STUDENT LOANS | TX | 501(C)(3) | LINE 9 | Yes (1) |
| CONCHO HIGHER EDUCATION AUTHORITY INC | |||||||||
| 2600 WASHINGTON AVE | WACO | TX | 76710 | 203870081 | FUND STUDENT LOANS | TX | 501(C)(3) | LINE 9 | Yes (1) |
| EDINVEST COMPANY | |||||||||
| 2600 WASHINGTON AVE | WACO | TX | 76710 | 742537669 | FUND STUDENT LOANS | TX | 501(C)(3) | LINE 9 | Yes (1) |
| EDUCATION SERVICING MANAGEMENT CORPORATION | |||||||||
| 2600 WASHINGTON AVE | WACO | TX | 76710 | 203870046 | FUND STUDENT LOANS | TX | 501(C)(3) | LINE 9 | Yes (1) |
| EDUCATIONAL FUNDING SERVICES INC | |||||||||
| 2600 WASHINGTON AVE | WACO | TX | 76710 | 330947525 | FUND STUDENT LOANS | CA | 501(C)(3) | LINE 9 | Yes (1) |
| FEDERATED STUDENT FINANCE CORPORATION | |||||||||
| 2600 WASHINGTON AVE | WACO | TX | 76710 | 742536239 | FUND STUDENT LOANS | TX | 501(C)(3) | LINE 9 | Yes (1) |
| FRIO HIGHER EDUCATION AUTHORITY INC | |||||||||
| 2600 WASHINGTON AVE | WACO | TX | 76710 | 203870120 | FUND STUDENT LOANS | TX | 501(C)(3) | LINE 9 | Yes (1) |
| LAVACA HIGHER EDUCATION AUTHORITY INC | |||||||||
| 2600 WASHINGTON AVE | WACO | TX | 76710 | 203870153 | FUND STUDENT LOANS | TX | 501(C)(3) | LINE 9 | Yes (1) |
| BRAZOS EDUCATION FUNDING CORPORATIONINC FKA LEON HIGHER EDUCATION AUTHORITY | |||||||||
| 2600 WASHINGTON AVE | WACO | TX | 76710 | 203870176 | FUND STUDENT LOANS | TX | 501(C)(3) | LINE 9 | Yes (1) |
| LLANO HIGHER EDUCATION AUTHORITY INC | |||||||||
| 2600 WASHINGTON AVE | WACO | TX | 76710 | 203870219 | FUND STUDENT LOANS | TX | 501(C)(3) | LINE 9 | Yes (1) |
| PALUXY HIGHER EDUCATION AUTHORITY INC | |||||||||
| 2600 WASHINGTON AVE | WACO | TX | 76710 | 203868139 | FUND STUDENT LOANS | TX | 501(C)(3) | LINE 9 | Yes (1) |
| ROZELL HIGHER EDUCATION AUTHORITY INC | |||||||||
| 2600 WASHINGTON AVE | WACO | TX | 76710 | 203867891 | FUND STUDENT LOANS | TX | 501(C)(3) | LINE 9 | Yes (1) |
| SABINE HIGHER EDUCATION AUTHORITY INC | |||||||||
| 2600 WASHINGTON AVE | WACO | TX | 76710 | 203868185 | FUND STUDENT LOANS | TX | 501(C)(3) | LINE 9 | Yes (1) |
| TEXOMA HIGHER EDUCATION AUTHORITY INC | |||||||||
| 2600 WASHINGTON AVE | WACO | TX | 76710 | 203868230 | FUND STUDENT LOANS | TX | 501(C)(3) | LINE 9 | Yes (1) |
| TRINITY HIGHER EDUCATION AUTHORITY INC | |||||||||
| 2600 WASHINGTON AVE | WACO | TX | 76710 | 742534486 | FUND STUDENT LOANS | TX | 501(C)(3) | LINE 9 | Yes (1) |
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 | Controlled OrganizationControlledOrganizationInd | Share Of EOY AssetsShareOfEOYAssetsAmt | OwnershipOwnershipPct |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| INTERVIEWSTREAM INC | ||||||||||||
| 2612 WASHINGTON AVE | WACO | TX | 76710 | 461208841 | JOB INTERVIEW SERVICE | TX | BRAZOS ASSET CORPORATION | C | -$131,520 | Yes (1) | ||
| BRAZOS ASSET CORP | ||||||||||||
| 2600 WASHINGTON AVE | WACO | TX | 76710 | 300835799 | INVESTMENT CORPORATION | TX | BRAZOS HIGHER EDUCATION SERVICE CORPORATION INC | C | $93,771 | 0 | $6,692,882 | 1.00000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | Yes (1) | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | 0 | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | Yes (1) | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | Yes (1) | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | Yes (1) | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | 0 | SharingOfFacilitiesInd |
| Paid Employees Sharing | Yes (1) | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp (12 entries)
| Transaction TypeTransactionTypeTxt | InvolvedInvolvedAmt |
|---|---|
| BRAZOS HIGHER EDUCATION AUTHORITY INC | |
| A | $152,395 |
| INTERVIEWSTREAM INC | |
| A | $147,502 |
| ANGELINA HIGHER EDUCATION AUTHORITY INC | |
| C | $150,865 |
| BRAZOS STUDENT FINANCE CORPORATION | |
| C | $775,897 |
| BRAZOS HIGHER EDUCATION AUTHORITY INC | |
| D | $4,197,250 |
| INTERVIEWSTREAM INC | |
| D | $6,030,000 |
| BRAZOS HIGHER EDUCATION AUTHORITY INC | |
| L | $6,258,523 |
| BRAZOS STUDENT FINANCE CORPORATION | |
| L | $915,936 |
| FEDERATED STUDENT FINANCE CORPORATION | |
| L | $174,257 |
| ACAPITA EDUCATION FINANCE CORPORATION | |
| L | $1,039,396 |
| BRAZOS EDUCATION LOAN AUTHORITY INC | |
| L | $1,456,260 |
| LEON HIGHER EDUCATION AUTHORITY INC | |
| L | $53,724 |
Comments