FURP.ORG / PUBLIC DATA EXPLORER

BRAZOS EDUCATION LOAN AUTHORITY INC: Form 990, tax year 2013

View the entire original 990 at ProPublica ↗

Organization
BRAZOS EDUCATION LOAN AUTHORITY INC (EIN 20-3868073)
Tax period
2013-07-01 to 2014-06-30
Filed
2015-03-10
IRS object ID
201500699349300445
Schema version
2013v4.0
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 ReturnHeader

FieldValueIRS element (for citing)
Return2015-03-10T18:41:23-05:00ReturnTs
Tax Period End2014-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN741130599PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1PATTILLO BROWN & HILL LLPBusinessNameLine1

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1P O BOX 20725AddressLine1
CityWACOCity
StateTXState
ZIP Code767020725ZIPCode
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2013-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN203868073EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1BRAZOS EDUCATION LOAN AUTHORITY INCBusinessNameLine1
FieldValueIRS element (for citing)
Business Name ControlBRAZBusinessNameControlTxt
Phone2547530915PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1P O BOX 1308AddressLine1
CityWACOCity
StateTXState
ZIP Code76703ZIPCode

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonRICKY TURMANPersonNm
Person TitleCFOPersonTitleTxt
Phone2547530915PhoneNum
Signature2015-02-12SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonMIKE LUCAS CPAPreparerPersonNm
PTINP00581536PTIN
Phone2547724901PhoneNum
FieldValueIRS element (for citing)
Tax2013TaxYr
Build TS2016-02-25 16:41:14ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerRICKY TURMANPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1P O BOX 1308AddressLine1
CityWACOCity
StateTXState
ZIP Code76703ZIPCode
FieldValueIRS element (for citing)
Gross Receipts$4,386,211GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.BRAZOS.US.COMWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2005FormationYr
Legal Domicile StateTXLegalDomicileStateCd
Activity Or MissionBRAZOS EDUCATION LOAN AUTHORITY'S MISSION IS TO MAKE EDUCATION A REALITY BY SUPPORTING PROGRAMS AND INITIATIVES TO FINANCE EDUCATIONAL OPPORTUNITIES.ActivityOrMissionDesc
Voting Members Governing Body8VotingMembersGoverningBodyCnt
Voting Members Independent8VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Volunteers0TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$0PYContributionsGrantsAmt
CY Contributions Grants$0CYContributionsGrantsAmt
PY Program Service Revenue$3,664,814PYProgramServiceRevenueAmt
CY Program Service Revenue$4,386,093CYProgramServiceRevenueAmt
PY Investment Income$302PYInvestmentIncomeAmt
CY Investment Income$118CYInvestmentIncomeAmt
PY Other Revenue$0PYOtherRevenueAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$3,665,116PYTotalRevenueAmt
CY Total Revenue$4,386,211CYTotalRevenueAmt
PY Grants And Similar Paid$0PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$0PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$0CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$2,383,400PYOtherExpensesAmt
CY Other Expenses$2,805,698CYOtherExpensesAmt
PY Total Expenses$2,383,400PYTotalExpensesAmt
CY Total Expenses$2,805,698CYTotalExpensesAmt
PY Revenues Less Expenses$1,281,716PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$1,580,513CYRevenuesLessExpensesAmt
Total Assets BOY$97,593,110TotalAssetsBOYAmt
Total Assets EOY$87,230,417TotalAssetsEOYAmt
Total Liabilities BOY$99,356,965TotalLiabilitiesBOYAmt
Total Liabilities EOY$87,413,759TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY-$1,763,855NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY-$183,342NetAssetsOrFundBalancesEOYAmt
MissionBRAZOS EDUCATION LOAN AUTHORITY (BELA) IS A SECONDARY MARKET OF COLLEGE STUDENT LOANS UNDER THE FEDERAL FAMILY EDUCATION LOAN PROGRAM (FFELP). BELA'S MISSION IS TO MAKE EDUCATION A REALITY BY SUPPORTING PROGRAMS AND INITIATIVES TO FINANCE EDUCATIONAL OPPORTUNITIES.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$2,805,698ExpenseAmt
Revenue$4,386,093RevenueAmt
DescBRAZOS EDUCATION LOAN AUTHORITY SERVICED OVER 8,750 LOANS TOTALING OVER $91 MILLION UNDER THE TITLE IV FEDERAL FAMILY EDUCATION LOAN PROGRAM (FFELP). THESE LOANS WERE FUNDED THROUGH PERMANENT FINANCINGS.Desc
Total Program Service Expenses$2,805,698TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B Required0ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Temp Or Permanent Endowments0TempOrPermanentEndowmentsInd
Report Land Building Equipment0ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other Liabilities0ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With Officer Ent0BusinessRlnWithOfficerEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related EntityYes (1)RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document0IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee0EmployeeCnt
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Indoor Tanning Services0IndoorTanningServicesInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members8GoverningBodyVotingMembersCnt
Independent Voting Member8IndependentVotingMemberCnt
Family Or Business RlnYes (1)FamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesYes (1)DelegationOfMgmtDutiesInd
Change To Org DocumentsYes (1)ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring Enfrc0RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEO0CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1RICKY TURMAN CFOBusinessNameLine1
FieldValueIRS element (for citing)
Phone2547530915PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1P O BOX 1308AddressLine1
CityWACOCity
StateTXState
ZIP Code76703ZIPCode

Form990 Part VII Section A Form990PartVIISectionAGrp (18 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtOfficerOfficerInd
MRS JOYCE PACKARD
CHAIRMAN1.0010.00Yes (X)$0$0$0
PETER KULTGEN
VICE-CHAIRMAN1.003.00Yes (X)$0$0$0
BOB CHAMBERS
DIRECTOR1.008.00Yes (X)$0$0$0
TOM CHASE
DIRECTOR1.003.00Yes (X)$0$0$0
CLAUDE ERVIN
DIRECTOR1.003.00Yes (X)$0$0$0
WILTON LANNING
DIRECTOR1.008.00Yes (X)$0$0$0
DR TERRY MANESS
DIRECTOR1.004.00Yes (X)$0$0$0
DENNIS MICHAELIS
DIRECTOR1.005.00Yes (X)$0$0$0
CLEMENT MILAM
DIRECTOR1.002.00Yes (X)$0$0$0
MURRY WATSON
PRESIDENT1.0049.00$0$1,307,110$40,939Yes (X)
RICKY TURMAN
EVP/CFO & TREASURER1.0049.00$0$570,079$55,391Yes (X)
ELLIS TREDWDAY
EVP/COO1.0049.00$0$572,862$48,331Yes (X)
THOMAS LITLE
BOND COUNSEL1.0047.00$0$331,492$45,836Yes (X)
TAMMY HARRALSON
CONTROLLER1.0049.00$0$219,448$35,550Yes (X)
DANIEL REYNA
INTERNAL AUDIT DIRECTOR1.0047.00$0$153,601$26,630Yes (X)
JAMES MCINNIS
ASST TREASURER1.0048.00$0$112,269$23,321Yes (X)
SUSAN DAVIS
SECRETARY1.0049.00$0$103,935$21,930Yes (X)
RAY RUSHING
ASST SECRETARY1.0048.00$0$0$0Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$0TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$3,370,796TotReportableCompRltdOrgAmt
Total Other Compensation$297,928TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K0CntrctRcvdGreaterThan100KCnt

Program Service Revenue ProgramServiceRevenueGrp (2 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
INTEREST INCOME ON STU522294$4,344,319$4,344,319
LATE FEES522294$41,774$41,774
FieldValueIRS element (for citing)
Total Program Service Revenue$4,386,093TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$118TotalRevenueColumnAmt
Exclusion$118ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$4,386,211TotalRevenueColumnAmt
Related Or Exempt Func Income$4,386,093RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$118ExclusionAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$1,258,382TotalAmt
Program Services$1,258,382ProgramServicesAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$128,497TotalAmt
Program Services$128,497ProgramServicesAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmt
DEPARTMENT OF EDUCATION$925,889$925,889
OPERATING EXPENSES$246,934$246,934
SERVICING EXPENSE$210,649$210,649
MISCELLANEOUS$18,755$18,755

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$16,592TotalAmt
Program Services$16,592ProgramServicesAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$2,805,698TotalAmt
Program Services$2,805,698ProgramServicesAmt
Management And General$0ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$1,076,959BOYAmt
EOY$926,796EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

FieldValueIRS element (for citing)
BOY$94,594,301BOYAmt
EOY$84,578,248EOYAmt

Intangible Assets IntangibleAssetsGrp

FieldValueIRS element (for citing)
BOY$1,036,480BOYAmt
EOY$907,983EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$885,370BOYAmt
EOY$817,390EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$97,593,110BOYAmt
EOY$87,230,417EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$114,892BOYAmt
EOY$103,261EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

FieldValueIRS element (for citing)
BOY$99,242,073BOYAmt
EOY$87,310,498EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$99,356,965BOYAmt
EOY$87,413,759EOYAmt
FieldValueIRS element (for citing)
Org Does Not Follow SFAS117Yes (X)OrgDoesNotFollowSFAS117Ind

Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp

FieldValueIRS element (for citing)
BOY-$1,763,855BOYAmt
EOY-$183,342EOYAmt

Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY-$1,763,855BOYAmt
EOY-$183,342EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$97,593,110BOYAmt
EOY$87,230,417EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$1,580,513ReconcilationRevenueExpnssAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Info In Schedule O Part XIIYes (X)InfoInScheduleOPartXIIInd
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS Audited0FSAuditedInd
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit RequiredYes (1)FederalGrantAuditRequiredInd
Federal Grant Audit PerformedYes (1)FederalGrantAuditPerformedInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Publicly Supported Org509a2Yes (X)PubliclySupportedOrg509a2Ind

Gross Receipts Admissions GrossReceiptsAdmissionsGrp

FieldValueIRS element (for citing)
Current Tax Year Minus1 Year$3,664,814CurrentTaxYearMinus1YearAmt
Current Tax Year$3,460,204CurrentTaxYearAmt
Total$7,125,018TotalAmt

Total509 Total509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus1 Year$3,664,814CurrentTaxYearMinus1YearAmt
Current Tax Year$3,460,204CurrentTaxYearAmt
Total$7,125,018TotalAmt

Amounts Rcvd Dsqlfy Person AmountsRcvdDsqlfyPersonGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Substantial Contributors Amt SubstantialContributorsAmtGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Subst And Dsqlfy Prsns Tot SubstAndDsqlfyPrsnsTotGrp

FieldValueIRS element (for citing)
Total$0TotalAmt
FieldValueIRS element (for citing)
Public Support Total509$7,125,018PublicSupportTotal509Amt

Gross Investment Income509 GrossInvestmentIncome509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus1 Year$302CurrentTaxYearMinus1YearAmt
Current Tax Year$118CurrentTaxYearAmt
Total$420TotalAmt

Investment Income And UBTI InvestmentIncomeAndUBTIGrp

FieldValueIRS element (for citing)
Current Tax Year Minus1 Year$302CurrentTaxYearMinus1YearAmt
Current Tax Year$118CurrentTaxYearAmt
Total$420TotalAmt

Total Support Calendar Year TotalSupportCalendarYearGrp

FieldValueIRS element (for citing)
Current Tax Year Minus1 Year$3,665,116CurrentTaxYearMinus1YearAmt
Current Tax Year$3,460,322CurrentTaxYearAmt
Total$7,125,438TotalAmt
FieldValueIRS element (for citing)
Public Support CY5090.99990PublicSupportCY509Pct
Public Support PY5090.99990PublicSupportPY509Pct
Investment Income CY0.00010InvestmentIncomeCYPct
Investment Income PY0.00010InvestmentIncomePYPct
Thirty Thr Pct Suprt Tests CY509Yes (X)ThirtyThrPctSuprtTestsCY509Ind

Schedule D IRS990ScheduleD

FieldValueIRS element (for citing)
Total Book Value Land Buildings$0TotalBookValueLandBuildingsAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$3,460,322TotalRevEtcAuditedFinclStmtAmt
Revenue Not Reported$0RevenueNotReportedAmt
Revenue Subtotal$3,460,322RevenueSubtotalAmt
Other Revenues Not Included$925,889OtherRevenuesNotIncludedAmt
Revenue Not Reported Fincl Stmt$925,889RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$4,386,211TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$1,879,809TotExpnsEtcAuditedFinclStmtAmt
Expenses Not Reported$0ExpensesNotReportedAmt
Expenses Subtotal$1,879,809ExpensesSubtotalAmt
Other Expenses Not Included$925,889OtherExpensesNotIncludedAmt
Expenses Not Rpt Fincl Stmt$925,889ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$2,805,698TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART X, LINE 2:THE AUTHORITY FOLLOWS THE ACCOUNTING STANDARD RELATED TO THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN THE AUTHORITYS FINANCIAL STATEMENTS. 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 AUTHORITY CURRENTLY DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS.
PART XI, LINE 4B - OTHER ADJUSTMENTS:DEPARTMENT OF EDUCATION REBATE FEES OFFSET AGAINST REVENUE ON AUDIT 925,889.
PART XII, LINE 4B - OTHER ADJUSTMENTS:DEPARTMENT OF EDUCATION REBATE FEES OFFSET AGAINST REVENUE ON AUDIT 925,889.

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Severance Payment0SeverancePaymentInd
Supplemental Nonqual Rtr Plan0SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org0CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs0CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org0CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs0CompBsdNetEarnsRltdOrgsInd
Any Non Fixed Payments0AnyNonFixedPaymentsInd
Initial Contract Exception0InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (6 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtCompensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmtBonus Filing OrganizationBonusFilingOrganizationAmountBonus Related OrganizationsBonusRelatedOrganizationsAmtOther Compensation Filing OrgOtherCompensationFilingOrgAmtOther Compensation Rltd OrgsOtherCompensationRltdOrgsAmtDeferred Compensation Flng OrgDeferredCompensationFlngOrgAmtDeferred Comp Rltd OrgsDeferredCompRltdOrgsAmtNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmtNontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmtTotal Compensation Rltd OrgsTotalCompensationRltdOrgsAmtComp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmtComp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
MURRY WATSON
PRESIDENT$0$609,325$0$627,504$0$70,281$0$33,500$0$7,439$0$1,348,049$0$0
RICKY TURMAN
EVP/CFO & TREASURER$0$292,065$0$223,245$0$54,769$0$33,500$0$21,891$0$625,470$0$0
ELLIS TREDWDAY
EVP/COO$0$299,569$0$230,200$0$43,093$0$33,500$0$14,831$0$621,193$0$0
THOMAS LITLE
BOND COUNSEL$0$207,396$0$113,345$0$10,751$0$32,287$0$13,549$0$377,328$0$0
TAMMY HARRALSON
CONTROLLER$0$127,936$0$73,964$0$17,548$0$27,548$0$8,002$0$254,998$0$0
DANIEL REYNA
INTERNAL AUDIT DIRECTOR$0$100,684$0$51,847$0$1,070$0$19,293$0$7,337$0$180,231$0$0

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (8 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 2RAY RUSHING, AN OFFICER OF THE COMPANY, IS AN EMPLOYEE OF A LAW FIRM OWNED BY MURRAY WATSON, JR., ALSO AN OFFICER OF THE COMPANY.
FORM 990, PART VI, SECTION A, LINE 3BRAZOS EDUCATION LOAN AUTHORITY, INC. HAS A CONTRACT WITH BRAZOS HIGHER EDUCATION SERVICE CORPORATION TO PERFORM MANAGEMENT AND ADMINSTRATION SERVICES ON BELA'S BEHALF. THIS INCLUDES MASTER SERVICING ADMINSTRATION FOR THE OUTSTANDING STUDENT LOANS HELD BY BRAZOS EDUCATION LOAN AUTHORITY. THE SERVICES INCLUDE, BUT ARE NOT LIMITED TO: ACCOUNTING, REPORTING, SERVICING, ORIGINATING, MARKETING, TREASURY, AND COMPLIANCE MONITORING OF THE STUDENT LOANS HELD BY BRAZOS EDUCATION LOAN AUTHORITY.
FORM 990, PART VI, SECTION A, LINE 4BRAZOS EDUCATION LOAN AUTHORITY INC. AMENDED AND RESTATED ITS BYLAWS IN MARCH OF 2014 AND AMENDED AND RESTATED ITS CERTIFICATE OF FORMATION (ARTICLES OF INCORPORATION) IN MAY OF 2014 TO REDUCE THE NUMBER OF BOARD OF DIRECTORS TO 7-10. THE CERTIFICATE OF FORMATION WAS AMENDED AGAIN IN JUNE OF 2014 TO INCLUDE AN INADVERTENTLY OMITTED PARAGRAPH FROM THE ORIGINAL RESTATED MAY FILING.
FORM 990, PART VI, SECTION B, LINE 11THE 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 12THE INTERNAL AUDIT 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 INTERNAL AUDIT 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 15THE COMPENSATION OF THE CEO (OR EXECUTIVE DIRECTOR, AS APPLICABLE), OFFICERS, AND KEY EMPLOYEES OF THE BRAZOS EDUCATION LOAN AUTHORITY, INC. IS PAID BY A RELATED ORGANIZATION, AND IS DETERMINED UNDER THE POLICIES OF THE RESPECTIVE RELATED ORGANIZATION.
FORM 990, PART VI, SECTION C, LINE 19THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
FORM 990, PART XII, LINE 2CTHE OVERSIGHT AND SELECTION PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.

Schedule R IRS990ScheduleR

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (24 entries)

Address Line1USAddress/AddressLine1CityUSAddress/CityStateUSAddress/StateZIP CodeUSAddress/ZIPCodeEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdExempt Code SectionExemptCodeSectionTxtPublic Charity StatusPublicCharityStatusTxtControlled OrganizationControlledOrganizationInd
ACADEMIC FINANCE CORPORATION
P O BOX 1308WACOTX76703742540458FUND STUDENT LOANSTX501(C)(3)LINE 11A, IYes (1)
ACAPITA EDUCATION FINANCE CORPORATION
P O BOX 1308WACOTX76703742542435FUND STUDENT LOANSTX501(C)(3)LINE 9Yes (1)
ANGELINA HIGHER EDUCATION AUTHORITY
2600 WASHINGTON AVEWACOTX76710200115078FUND STUDENT LOANSTX501(C)(3)LINE 9Yes (1)
ATLANTIC STUDENT FINANCE CORPORATION
2600 WASHINGTON AVEWACOTX76710205412189FUND STUDENT LOANSFL501(C)(3)LINE 7Yes (1)
BOSQUE HIGHER EDUCATION AUTHORITY INC
P O BOX 1308WACOTX76703742534099FUND STUDENT LOANSTX501(C)(3)LINE 9Yes (1)
BRAZOS EDUCATION FINANCE CORPORATION
2600 WASHINGTON AVEWACOTX76710742539632FUND STUDENT LOANSTX501(C)(3)LINE 11A, IYes (1)
BRAZOS HIGHER EDUCATION AUTHORITY INC
P O BOX 1308WACOTX76703742099402FUND STUDENT LOANSTX501(C)(3)LINE 9Yes (1)
BRAZOS HIGHER EDUCATION SERVICE CORPORATION
P O BOX 1308WACOTX76703742129255FUND STUDENT LOANSTX501(C)(3)LINE 9Yes (1)
BRAZOS EDUCATION FOUNDATION INC
2612 WASHINGTON AVEWACOTX76703264562436GRANT MAKINGTX501(C)(3)LINE 7Yes (1)
BRAZOS STUDENT FINANCE CORPORATION
P O BOX 1308WACOTX76703742356109FUND STUDENT LOANSTX501(C)(3)LINE 9Yes (1)
CONCHO HIGHER EDUCATION AUTHORITY INC
2600 WASHINGTON AVEWACOTX76710203870081FUND STUDENT LOANSTX501(C)(3)LINE 9Yes (1)
EDINVEST COMPANY
2600 WASHINGTON AVEWACOTX76710742537669FUND STUDENT LOANSTX501(C)(3)LINE 11A, IYes (1)
EDUCATION SERVICING MANAGEMENT CORPORATION
2600 WASHINGTON AVEWACOTX76710203870046FUND STUDENT LOANSTX501(C)(3)LINE 9Yes (1)
EDUCATIONAL FUNDING SERVICES INC
P O BOX 1308WACOTX76703330947525FUND STUDENT LOANSCA501(C)(3)LINE 9Yes (1)
FEDERATED STUDENT FINANCE CORPORATION
2600 WASHINGTON AVEWACOTX76710742536239FUND STUDENT LOANSTX501(C)(3)LINE 9Yes (1)
FRIO HIGHER EDUCATION AUTHORITY INC
2600 WASHINGTON AVEWACOTX76710203870120FUND STUDENT LOANSTX501(C)(3)LINE 9Yes (1)
LAVACA HIGHER EDUCATION AUTHORITY INC
2600 WASHINGTON AVEWACOTX76710203870153FUND STUDENT LOANSTX501(C)(3)LINE 9Yes (1)
LEON HIGHER EDUCATION AUTHORITY INC
2600 WASHINGTON AVEWACOTX76710203870176FUND STUDENT LOANSTX501(C)(3)LINE 9Yes (1)
LLANO HIGHER EDUCATION AUTHORITY INC
2600 WASHINGTON AVEWACOTX76710203870219FUND STUDENT LOANSTX501(C)(3)LINE 9Yes (1)
PALUXY HIGHER EDUCATION AUTHORITY INC
2600 WASHINGTON AVEWACOTX76710203868139FUND STUDENT LOANSTX501(C)(3)LINE 9Yes (1)
ROZELL HIGHER EDUCATION AUTHORITY INC
2600 WASHINGTON AVEWACOTX76710203867891FUND STUDENT LOANSTX501(C)(3)LINE 9Yes (1)
SABINE HIGHER EDUCATION AUTHORITY INC
2600 WASHINGTON AVEWACOTX76710203868185FUND STUDENT LOANSTX501(C)(3)LINE 9Yes (1)
TEXOMA HIGHER EDUCATION AUTHORITY INC
2600 WASHINGTON AVEWACOTX76710203868230FUND STUDENT LOANSTX501(C)(3)LINE 9Yes (1)
TRINITY HIGHER EDUCATION AUTHORITY INC
2600 WASHINGTON AVEWACOTX76710742534486FUND STUDENT LOANSTX501(C)(3)LINE 11A, IYes (1)

Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp

Related Organization Name RelatedOrganizationName

FieldValueIRS element (for citing)
Business Name Line1INTERVIEW STREAM INCBusinessNameLine1

US Address USAddress

FieldValueIRS element (for citing)
Address Line17901 WOODWAY DRIVE SUITE 200AddressLine1
CityWACOCity
StateTXState
ZIP Code767123898ZIPCode
FieldValueIRS element (for citing)
EIN461208841EIN
Primary ActivitiesJOB INTERVIEW SERVICEPrimaryActivitiesTxt
Legal Domicile StateTXLegalDomicileStateCd

Direct Controlling Entity Name DirectControllingEntityName

FieldValueIRS element (for citing)
Business Name Line1BRAZOS HIGHER EDUCATION SERVICE CORPORATIONBusinessNameLine1
FieldValueIRS element (for citing)
Entity TypeCEntityTypeTxt
Controlled Organization0ControlledOrganizationInd
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts Rylts0ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth Org0GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth Org0GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other Org0LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org0LoansOrGuaranteesFromOthOrgInd
Div Related Organization0DivRelatedOrganizationInd
Asset Sale To Other Org0AssetSaleToOtherOrgInd
Asset Purchase From Other Org0AssetPurchaseFromOtherOrgInd
Asset Exchange0AssetExchangeInd
Rental Of Facilities To Oth Org0RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org0RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth OrgYes (1)PerformOfServicesForOthOrgInd
Perform Of Services By Other Org0PerformOfServicesByOtherOrgInd
Sharing Of Facilities0SharingOfFacilitiesInd
Paid Employees Sharing0PaidEmployeesSharingInd
Reimbursement Paid To Other Org0ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other Org0ReimbursementPaidByOtherOrgInd
Transfer To Other Org0TransferToOtherOrgInd
Transfer From Other Org0TransferFromOtherOrgInd

Transactions Related Org TransactionsRelatedOrgGrp

Other Organization Name OtherOrganizationName

FieldValueIRS element (for citing)
Business Name Line1BRAZOS HIGHER EDUCATION SERVICE CORPORATIONBusinessNameLine1
FieldValueIRS element (for citing)
Transaction TypeLTransactionTypeTxt
Involved$246,934InvolvedAmt