PANHANDLE-PLAINS MANAGEMENT &: Form 990, tax year 2014

View the entire original 990 at ProPublica ↗

Organization
PANHANDLE-PLAINS MANAGEMENT & (EIN 45-5543346)
Tax period
2014-01-01 to 2014-12-31
Filed
2015-05-14
IRS object ID
201521349349307302
Schema version
2014v5.0
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)
Return2015-05-14T15:09:33-05:00ReturnTs
Tax Period End2014-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN752569269PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1JOHNSON & SHELDON PCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 509AddressLine1Txt
CityAMARILLOCityNm
State AbbreviationTXStateAbbreviationCd
ZIP791050509ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2014-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN455543346EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1PANHANDLE-PLAINS MANAGEMENT &BusinessNameLine1Txt
Business Name Line2SERVICING CORPORATIONBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlPANHBusinessNameControlTxt
Phone8063244115PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11303 23RD STREETAddressLine1Txt
CityCANYONCityNm
State AbbreviationTXStateAbbreviationCd
ZIP79015ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonJIMMY PARKERPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone8063244115PhoneNum
Signature2015-05-14SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonRICHARD W BLANKENSHIPPreparerPersonNm
PTINP00172630PTIN
Phone8063717661PhoneNum
Preparation2015-05-14PreparationDt
FieldValueIRS element (for citing)
Tax2014TaxYr
Build TS2016-03-07 17:11:31ZBuildTS

Form 990 IRS990

Doing Business As Name DoingBusinessAsName

FieldValueIRS element (for citing)
Business Name Line1SEE SCHEDULE OBusinessNameLine1Txt
FieldValueIRS element (for citing)
Principal OfficerJIMMY PARKERPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line11303 23RD STREETAddressLine1Txt
CityCANYONCityNm
State AbbreviationTXStateAbbreviationCd
ZIP79015ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$7,102,528GrossReceiptsAmt
Group Return For AffiliatesfalseGroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.PPSLC.COMWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2012FormationYr
Legal Domicile StateTXLegalDomicileStateCd
Activity Or MissionMASTER STUDENT LOAN SERVICER FOR PANHANDLE-PLAINS HIGHER EDUCATION AUTHORITY, INC. (PPHEA), PANHANDLE-PLAINS STUDENT FINANCE CORPORATION (PPSFC), AND OTHER ORGANIZATIONS. THE CORPORATION ALSO PERFORMS MANAGEMENT AND OVERSIGHT SERVICES FOR PPHEA AND PPSFC, OF WHICH BOTH ARE ALSO RELATED NOT-FOR-PROFIT ORGANIZATIONS. ALSO PROVIDES EDUCATIONAL AND CHARITABLE PROGRAMS TO DECREASE STUDENT LOAN DEFAULTS, PROMOTE FINANCIAL AID OUTREACH AND FINANCIAL LITERACY.ActivityOrMissionDesc
Voting Members Governing Body4VotingMembersGoverningBodyCnt
Voting Members Independent4VotingMembersIndependentCnt
Total Employee16TotalEmployeeCnt
Total Gross UBI$43,529TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$42,529NetUnrelatedBusTxblIncmAmt
CY Contributions Grants$0CYContributionsGrantsAmt
PY Program Service Revenue$7,577,154PYProgramServiceRevenueAmt
CY Program Service Revenue$7,102,500CYProgramServiceRevenueAmt
PY Investment Income$45PYInvestmentIncomeAmt
CY Investment Income$28CYInvestmentIncomeAmt
PY Other Revenue$1,386PYOtherRevenueAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$7,578,585PYTotalRevenueAmt
CY Total Revenue$7,102,528CYTotalRevenueAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$1,603,639PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$1,767,546CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$5,234,675PYOtherExpensesAmt
CY Other Expenses$4,104,149CYOtherExpensesAmt
PY Total Expenses$6,838,314PYTotalExpensesAmt
CY Total Expenses$5,871,695CYTotalExpensesAmt
PY Revenues Less Expenses$740,271PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$1,230,833CYRevenuesLessExpensesAmt
Total Assets BOY$12,509,923TotalAssetsBOYAmt
Total Assets EOY$9,236,051TotalAssetsEOYAmt
Total Liabilities BOY$11,442,292TotalLiabilitiesBOYAmt
Total Liabilities EOY$6,937,587TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$1,067,631NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$2,298,464NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionMASTER STUDENT LOAN SERVICER FOR PANHANDLE-PLAINS HIGHER EDUCATION AUTHORITY, INC. (PPHEA), PANHANDLE-PLAINS STUDENT FINANCE CORPORATION (PPSFC), AND OTHER ORGANIZATIONS. THE CORPORATION ALSO PERFORMS MANAGEMENT AND OVERSIGHT SERVICES FOR PPHEA AND PPSFC, OF WHICH BOTH ARE ALSO RELATED NOT-FOR-PROFIT ORGANIZATIONS. ALSO PROVIDES EDUCATIONAL AND CHARITABLE PROGRAMS TO DECREASE STUDENT LOAN DEFAULTS, PROMOTE FINANCIAL AID OUTREACH AND FINANCIAL LITERACY.MissionDesc
Significant New Program SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
Expense$953,945ExpenseAmt
Revenue$436,236RevenueAmt
DescMASTER STUDENT LOAN SERVICER FOR PANHANDLE-PLAINS HIGHER EDUCATION AUTHORITY, INC. (PPHEA), PANHANDLE-PLAINS STUDENT FINANCE CORPORATION (PPSFC), AND OTHER ORGANIZATIONS.Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
Expense$3,338,808ExpenseAmt
Revenue$6,173,804RevenueAmt
DescMANAGEMENT AND OVERSIGHT SERVICES FOR PPHEA AND PPSFC, BOTH ORGANIZATIONS ARE ALSO RELATED NOT-FOR-PROFIT ORGANIZATIONS.Desc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

FieldValueIRS element (for citing)
Expense$476,972ExpenseAmt
Revenue$320,571RevenueAmt
DescPROVIDE EDUCATIONAL AND CHARITABLE PROGRAMS TO DECREASE STUDENT LOAN DEFAULTS, PROMOTE FINANCIAL AID OUTREACH ACTIVITIES, AND PROMOTE FINANCIAL LITERACY.Desc

Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp

FieldValueIRS element (for citing)
Expense$258,308ExpenseAmt
Revenue$171,889RevenueAmt
DescIN CONJUNCTIONS WITH THE PANHANDLE NON-PROFITS, WE HAVE DEVELOPED AND INTRODUCED THE STUDENT LOAN ASSISTANCE MANAGER (SLAM), WHICH IS A COHORT DEFAULT RATE MANAGEMENT SYSTEM CREATED TO IMPORT NATIONAL STUDENT LOAN DATA SYSTEMS (NSLDS) DATA AND ALLOW SCHOOLS TO UNDERTAKE DEFAULT PREVENTION ACTIVITIES. THE SYSTEM PROVIDES THE SCHOOL WITH USER-FRIENDLY ACCESS TO NSLDS DATA ON THE STUDENT LOANS OF BORROWERS WHO ATTENDED THE SCHOOL AND CAN BE USED TO IDENTIFY BORROWERS TO DEFAULT AVERSION ACTIVITIES AND TO ESTIMATE THE INSTITUTION'S COHORT DEFAULT RATE (WHICH IS IMPORTANT FOR SCHOOLS TO HAVE CONTINUED ELIGIBILITY TO PARTICIPATE AND RECEIVE TITLE IV STUDENT AID FUNDS FOR THEIR STUDENTS).Desc
FieldValueIRS element (for citing)
Total Other Prog Srvc Expense$258,308TotalOtherProgSrvcExpenseAmt
Total Other Prog Srvc Revenue$171,889TotalOtherProgSrvcRevenueAmt
Total Program Service Expenses$5,028,033TotalProgramServiceExpensesAmt
Described In Section501c3Yes (true)DescribedInSection501c3Ind
Schedule B RequiredfalseScheduleBRequiredInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Lobbying ActivitiesfalseLobbyingActivitiesInd
Subject To Proxy TaxfalseSubjectToProxyTaxInd
Donor Advised FundfalseDonorAdvisedFundInd
Conservation EasementsfalseConservationEasementsInd
Collections Of ArtfalseCollectionsOfArtInd
Credit CounselingfalseCreditCounselingInd
Temp Or Permanent EndowmentsfalseTempOrPermanentEndowmentsInd
Report Land Building EquipmentYes (true)ReportLandBuildingEquipmentInd
Report Investments Other SecfalseReportInvestmentsOtherSecInd
Report Program Related InvstfalseReportProgramRelatedInvstInd
Report Other AssetsfalseReportOtherAssetsInd
Report Other LiabilitiesYes (true)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (true)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (true)IndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtfalseConsolidatedAuditFinclStmtInd
School OperatingfalseSchoolOperatingInd
Foreign OfficefalseForeignOfficeInd
Foreign ActivitiesfalseForeignActivitiesInd
More Than5000 K To OrgfalseMoreThan5000KToOrgInd
More Than5000 K To IndividualsfalseMoreThan5000KToIndividualsInd
Professional FundraisingfalseProfessionalFundraisingInd
Fundraising ActivitiesfalseFundraisingActivitiesInd
Gaming ActivitiesfalseGamingActivitiesInd
Operate HospitalfalseOperateHospitalInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Grants To IndividualsfalseGrantsToIndividualsInd
Schedule J RequiredYes (true)ScheduleJRequiredInd
Tax Exempt BondsfalseTaxExemptBondsInd
Engaged In Excess Benefit TransfalseEngagedInExcessBenefitTransInd
PY Excess Benefit TransfalsePYExcessBenefitTransInd
Loan OutstandingfalseLoanOutstandingInd
Grant To Related PersonfalseGrantToRelatedPersonInd
Business Rln With Org MemfalseBusinessRlnWithOrgMemInd
Business Rln With Fam MemfalseBusinessRlnWithFamMemInd
Business Rln With Officer EntYes (true)BusinessRlnWithOfficerEntInd
Deductible Non Cash ContrifalseDeductibleNonCashContriInd
Deductible Art ContributionfalseDeductibleArtContributionInd
Terminate OperationsfalseTerminateOperationsInd
Partial LiquidationfalsePartialLiquidationInd
Disregarded EntityfalseDisregardedEntityInd
Related EntityYes (true)RelatedEntityInd
Related Organization Ctrl EntfalseRelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd OrgfalseTrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted PrtshpfalseActivitiesConductedPrtshpInd
Schedule O RequiredYes (true)ScheduleORequiredInd
IRP Document10IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (true)BackupWthldComplianceInd
Employee16EmployeeCnt
Employment Tax Returns FiledYes (true)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over LimitYes (true)UnrelatedBusIncmOverLimitInd
Form990 T FiledYes (true)Form990TFiledInd
Foreign Financial AccountfalseForeignFinancialAccountInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Taxable Party NotificationfalseTaxablePartyNotificationInd
Nondeductible ContributionsfalseNondeductibleContributionsInd
Indoor Tanning ServicesfalseIndoorTanningServicesInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members4GoverningBodyVotingMembersCnt
Independent Voting Member4IndependentVotingMemberCnt
Family Or Business RlnfalseFamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesfalseDelegationOfMgmtDutiesInd
Change To Org DocumentsfalseChangeToOrgDocumentsInd
Material Diversion Or MisusefalseMaterialDiversionOrMisuseInd
Members Or StockholdersfalseMembersOrStockholdersInd
Election Of Board MembersfalseElectionOfBoardMembersInd
Decisions Subject To ApprovafalseDecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (true)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (true)MinutesOfCommitteesInd
Officer Mailing AddressfalseOfficerMailingAddressInd
Local ChaptersfalseLocalChaptersInd
Form990 Provided To Gvrn BodyYes (true)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (true)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (true)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (true)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (true)WhistleblowerPolicyInd
Document Retention PolicyfalseDocumentRetentionPolicyInd
Compensation Process CEOYes (true)CompensationProcessCEOInd
Compensation Process OtherYes (true)CompensationProcessOtherInd
Investment In Joint VenturefalseInvestmentInJointVentureInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonJIMMY PARKERPersonNm
Phone8063244115PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11303 23RD STAddressLine1Txt
CityCANYONCityNm
State AbbreviationTXStateAbbreviationCd
ZIP79015ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (8 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
QUINN ALEXANDER
CHAIRMAN2.002.00Yes (X)Yes (X)$0$0$0
MICHAEL P RYAN
VICE CHAIRMA2.002.00Yes (X)Yes (X)$0$0$0
TAMMY ROARK
SECRETARY2.002.00Yes (X)Yes (X)$0$0$0
JAN BENTON
DIRECTOR2.002.00Yes (X)$0$0$0
JIMMY PARKER
PRESIDENT30.0010.00Yes (X)$174,134$0$25,065
JOHN WRIGHT
SR VICE PRES30.0010.00Yes (X)$148,277$0$31,026
EARL HUDGINS
SR VICE PRES30.0010.00Yes (X)$117,901$0$2,548
ZACH BELL
CFO10.0030.00Yes (X)$111,000$0$25,708
FieldValueIRS element (for citing)
Total Reportable Comp From Org$551,312TotalReportableCompFromOrgAmt
Total Other Compensation$84,347TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K4IndivRcvdGreaterThan100KCnt
Former Ofcr Employees ListedfalseFormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (true)TotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp

Contractor Name ContractorName

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1XEROX EDUCATION SERVICES INCBusinessNameLine1Txt

Contractor Address ContractorAddress

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 201322AddressLine1Txt
CityDALLASCityNm
State AbbreviationTXStateAbbreviationCd
ZIP75320ZIPCd
FieldValueIRS element (for citing)
ServicesLOAN SUB-SERVICServicesDesc
Compensation$5,445,259CompensationAmt
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K1CntrctRcvdGreaterThan100KCnt

Program Service Revenue ProgramServiceRevenueGrp (5 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmtUnrelated Business RevenueUnrelatedBusinessRevenueAmt
MAINTENANCE & OPERATIONS522298$6,173,804$6,173,804
STUDENT LOAN SERVICING REVENU522298$392,707$392,707
DEFAULT PREVENTION FEES522298$320,571$320,571
FINANCIAL AID CONSULTING SERV522298$171,889$171,889
STUDENT LOAN SERVICING REVENU561000$43,529$43,529
FieldValueIRS element (for citing)
Total Program Service Revenue$7,102,500TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$28TotalRevenueColumnAmt
Exclusion$28ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$7,102,528TotalRevenueColumnAmt
Related Or Exempt Func Income$7,058,971RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$43,529UnrelatedBusinessRevenueAmt
Exclusion$28ExclusionAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$551,314TotalAmt
Program Services$331,354ProgramServicesAmt
Management And General$219,960ManagementAndGeneralAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$819,402TotalAmt
Program Services$539,544ProgramServicesAmt
Management And General$279,858ManagementAndGeneralAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$113,862TotalAmt
Program Services$73,798ProgramServicesAmt
Management And General$40,064ManagementAndGeneralAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$182,262TotalAmt
Program Services$117,172ProgramServicesAmt
Management And General$65,090ManagementAndGeneralAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$100,706TotalAmt
Program Services$63,912ProgramServicesAmt
Management And General$36,794ManagementAndGeneralAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$48,510TotalAmt
Program Services$48,510ProgramServicesAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$36,400TotalAmt
Program Services$36,400ProgramServicesAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$95,966TotalAmt
Program Services$95,966ProgramServicesAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$8,750TotalAmt
Program Services$8,750ProgramServicesAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$59,571TotalAmt
Program Services$29,784ProgramServicesAmt
Management And General$29,787ManagementAndGeneralAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$55,658TotalAmt
Program Services$27,828ProgramServicesAmt
Management And General$27,830ManagementAndGeneralAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$100,274TotalAmt
Program Services$50,135ProgramServicesAmt
Management And General$50,139ManagementAndGeneralAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$40,766TotalAmt
Program Services$20,383ProgramServicesAmt
Management And General$20,383ManagementAndGeneralAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$2,002TotalAmt
Management And General$2,002ManagementAndGeneralAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$439,615TotalAmt
Program Services$439,615ProgramServicesAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$3,083,726TotalAmt
Program Services$3,083,726ProgramServicesAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$49,120TotalAmt
Program Services$24,560ProgramServicesAmt
Management And General$24,560ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmt
TELEPHONE AND COMMUNICATI$46,903$23,451$23,452
DUES & SUBSCRIPTIONS$14,766$2,461$12,305
DUES AND SUBSCRIPTIONS$9,843$9,843
FEDERAL INCOME TAX$6,529$6,529

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$5,750TotalAmt
Program Services$841ProgramServicesAmt
Management And General$4,909ManagementAndGeneralAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$5,871,695TotalAmt
Program Services$5,028,033ProgramServicesAmt
Management And General$843,662ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$1,065,183BOYAmt
EOY$851,235EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$1,062,384BOYAmt
EOY$1,032,249EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

FieldValueIRS element (for citing)
BOY$35,706BOYAmt
EOY$31,205EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$97,084BOYAmt
EOY$102,221EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$169,311LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$92,867LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$50,383BOYAmt
EOY$76,444EOYAmt

Intangible Assets IntangibleAssetsGrp

FieldValueIRS element (for citing)
BOY$10,199,183BOYAmt
EOY$7,142,697EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$12,509,923BOYAmt
EOY$9,236,051EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$721,867BOYAmt
EOY$727,875EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

FieldValueIRS element (for citing)
BOY$10,712,760BOYAmt
EOY$6,203,190EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$7,665BOYAmt
EOY$6,522EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$11,442,292BOYAmt
EOY$6,937,587EOYAmt
FieldValueIRS element (for citing)
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

FieldValueIRS element (for citing)
BOY$1,067,631BOYAmt
EOY$2,298,464EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$1,067,631BOYAmt
EOY$2,298,464EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$12,509,923BOYAmt
EOY$9,236,051EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$1,230,833ReconcilationRevenueExpnssAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or ReviewfalseAccountantCompileOrReviewInd
FS AuditedYes (true)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (true)AuditCommitteeInd
Federal Grant Audit RequiredfalseFederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Supporting Organization509a3Yes (X)SupportingOrganization509a3Ind
Supporting Org Type1Yes (X)SupportingOrgType1Ind
Supported Organizations2SupportedOrganizationsCnt

Supported Org Information SupportedOrgInformationGrp (2 entries)

Business Name Line2SupportedOrganizationName/BusinessNameLine2TxtEINEINOrganization TypeOrganizationTypeDescGoverning Document ListedGoverningDocumentListedIndSupportSupportAmtOther SupportOtherSupportAmt
PANHANDLE-PLAINS HIGHER EDUCATION
AUTHORITY INC23702538611Yes (true)$0$0
PANHANDLE-PLAINS STUDENT FINANCE
CORPORATION7520595569Yes (true)$0$0
FieldValueIRS element (for citing)
Supported Organizations Total2SupportedOrganizationsTotalCnt

Form990 Sch A Supporting Org Form990SchASupportingOrgGrp

FieldValueIRS element (for citing)
Listed By Name Governing DocYes (true)ListedByNameGoverningDocInd
Suprt Org No IRS DeterminationfalseSuprtOrgNoIRSDeterminationInd
Supported Org Section C456falseSupportedOrgSectionC456Ind
Supported Org Not Organized USfalseSupportedOrgNotOrganizedUSInd
Organization Change Suprt OrgfalseOrganizationChangeSuprtOrgInd
Support Non Supported OrgfalseSupportNonSupportedOrgInd
Payment Substantial ContribtrfalsePaymentSubstantialContribtrInd
Loan Disqualified PersonfalseLoanDisqualifiedPersonInd
Controlled Disqualified PrsnfalseControlledDisqualifiedPrsnInd
Disqualified Prsn Controll IntfalseDisqualifiedPrsnControllIntInd
Disqualified Prsn Ownr IntfalseDisqualifiedPrsnOwnrIntInd
Excess Business Holdings RulesfalseExcessBusinessHoldingsRulesInd
Contribution ControllerfalseContributionControllerInd
Contribution FamilyfalseContributionFamilyInd
Contribution35 ControlledfalseContribution35ControlledInd

Form990 Sch A Type1 Suprt Org Form990SchAType1SuprtOrgGrp

FieldValueIRS element (for citing)
Power Appoint Majority Dir TrstYes (true)PowerAppointMajorityDirTrstInd
Operate Benefit Non Suprt OrgfalseOperateBenefitNonSuprtOrgInd

Schedule D IRS990ScheduleD

Leasehold Improvements LeaseholdImprovementsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$1,200OtherCostOrOtherBasisAmt
Book Value$1,200BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$122,592OtherCostOrOtherBasisAmt
Depreciation$66,864DepreciationAmt
Book Value$55,728BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$45,519OtherCostOrOtherBasisAmt
Depreciation$26,003DepreciationAmt
Book Value$19,516BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$76,444TotalBookValueLandBuildingsAmt
Federal Income Tax Liability$6,522FederalIncomeTaxLiabilityAmt
Total Liability$6,522TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$7,102,528TotalRevEtcAuditedFinclStmtAmt
Revenue Subtotal$7,102,528RevenueSubtotalAmt
Total Revenue Per Form990$7,102,528TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$5,871,695TotExpnsEtcAuditedFinclStmtAmt
Expenses Subtotal$5,871,695ExpensesSubtotalAmt
Total Expenses Per Form990$5,871,695TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSCHEDULE D, PAGE 3, PART XFormAndLineReferenceDesc
ExplanationTHE CORPORATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC), AND HAS BEEN DETERMINED NOT TO BE A PRIVATE FOUNDATION UNDER SECTION 509(A) OF THE IRC. AS A RESULT, INCOME TAXES ARE NOT INCLUDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. MANAGEMENT EVALUATED THE CORPORATION'S TAX POSITIONS AND CONCLUDED THAT THE CORPORATION HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THIS GUIDANCE. WITH FEW EXCEPTIONS, THE CORPORATION IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE U.S. FEDERAL TAX AUTHORITIES FOR YEARS ENDING BEFORE 2012.ExplanationTxt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Club Dues Or FeesYes (X)ClubDuesOrFeesInd
Written Policy Ref T And E ExpnssYes (true)WrittenPolicyRefTAndEExpnssInd
Substantiation RequiredfalseSubstantiationRequiredInd
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance PaymentfalseSeverancePaymentInd
Supplemental Nonqual Rtr PlanfalseSupplementalNonqualRtrPlanInd
Equity Based Comp ArrngmfalseEquityBasedCompArrngmInd
Comp Based On Revenue Of Flng OrgfalseCompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related OrgsfalseCompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng OrgfalseCompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd OrgsfalseCompBsdNetEarnsRltdOrgsInd
Any Non Fixed PaymentsfalseAnyNonFixedPaymentsInd
Initial Contract ExceptionfalseInitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (2 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtBonus Filing OrganizationBonusFilingOrganizationAmountDeferred Compensation Flng OrgDeferredCompensationFlngOrgAmtNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmt
JIMMY PARKER
PRESIDENT$159,134$15,000$14,467$10,598$199,199
JOHN WRIGHT
SR VICE PRESIDENT$138,277$10,000$12,571$18,455$179,303

Schedule L IRS990ScheduleL

Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp

Name Of Interested NameOfInterested

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1FIRST UNITED BANKBusinessNameLine1Txt
FieldValueIRS element (for citing)
Relationship DescriptionBOARD CHAIRMANRelationshipDescriptionTxt
Transaction$850,938TransactionAmt
TransactionOPERATING BANK ACCTTransactionDesc
Sharing Of RevenuesfalseSharingOfRevenuesInd

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSCHEDULE L, PART VFormAndLineReferenceDesc
ExplanationPANHANDLE-PLAINS MANAGEMENT & SERVICING CORPORATION HAS AN OPERATING ACCOUNT AT A LOCAL BANK AT WHICH DIRECTOR QUINN ALEXANDER IS A SENIOR VICE PRESIDENT.ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (8 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PAGE 1, ITEM CPANHANDLE-PLAINS STUDENT LOAN CENTER
FORM 990 - ORGANIZATION'S MISSIONMASTER STUDENT LOAN SERVICER FOR PANHANDLE-PLAINS HIGHER EDUCATION AUTHORITY, INC. (PPHEA), PANHANDLE-PLAINS STUDENT FINANCE CORPORATION (PPSFC), AND OTHER ORGANIZATIONS. THE CORPORATION ALSO PERFORMS MANAGEMENT AND OVERSIGHT SERVICES FOR PPHEA AND PPSFC, OF WHICH BOTH ARE ALSO RELATED NOT-FOR-PROFIT ORGANIZATIONS. ALSO PROVIDES EDUCATIONAL AND CHARITABLE PROGRAMS TO DECREASE STUDENT LOAN DEFAULTS, PROMOTE FINANCIAL AID OUTREACH AND FINANCIAL LITERACY.
FORM 990, PAGE 2, PART III, LINE 4DIN CONJUNCTIONS WITH THE PANHANDLE NON-PROFITS, WE HAVE DEVELOPED AND INTRODUCED THE STUDENT LOAN ASSISTANCE MANAGER (SLAM), WHICH IS A COHORT DEFAULT RATE MANAGEMENT SYSTEM CREATED TO IMPORT NATIONAL STUDENT LOAN DATA SYSTEMS (NSLDS) DATA AND ALLOW SCHOOLS TO UNDERTAKE DEFAULT PREVENTION ACTIVITIES. THE SYSTEM PROVIDES THE SCHOOL WITH USER-FRIENDLY ACCESS TO NSLDS DATA ON THE STUDENT LOANS OF BORROWERS WHO ATTENDED THE SCHOOL AND CAN BE USED TO IDENTIFY BORROWERS TO DEFAULT AVERSION ACTIVITIES AND TO ESTIMATE THE INSTITUTION'S COHORT DEFAULT RATE (WHICH IS IMPORTANT FOR SCHOOLS TO HAVE CONTINUED ELIGIBILITY TO PARTICIPATE AND RECEIVE TITLE IV STUDENT AID FUNDS FOR THEIR STUDENTS).
FORM 990, PAGE 6, PART VI, LINE 11BTHE BOARD OF DIRECTORS OF PANHANDLE-PLAINS MANAGEMENT & SERVICING CORPORATION IS PROVIDED AN ELECTRONIC COPY OF THE FORM 990 ONE WEEK PRIOR TO FILING. THE DIRECTORS THEN HAVE A WEEK TO REVIEW AND GIVE COMMENTS BEFORE THE RETURN IS FILED WITH THE INTERNAL REVENUE SERVICE.
FORM 990, PAGE 6, PART VI, LINE 12CTHE BOARD MEMBERS OF PANHANDLE-PLAINS MANAGEMENT & SERVICING CORPORATION ARE REQUIRED TO UPDATE THEIR CONFLICT OF INTEREST STATEMENT AT THE ANNUAL BOARD OF DIRECTORS MEETING, HELD DURING MAY OF EACH YEAR. A RECORD OF THIS IS KEPT IN THE MINUTES OF THE BOARD MEETING.
FORM 990, PAGE 6, PART VI, LINE 15ADURING THE ANNUAL BUDGET APPROVAL PROCESS THE BOARD OF DIRECTORS APPROVE THE SALARIES OF ALL EMPLOYEES, INCLUDING PRESIDENT AND KEY EMPLOYEES. THE BOARD ALSO INCLUDED A 3% RAISE FOR ALL EMPLOYEES FOR 2014.
FORM 990, PAGE 6, PART VI, LINE 15BDURING THE ANNUAL BUDGET APPROVAL PROCESS THE BOARD OF DIRECTORS APPROVE THE SALARIES OF ALL EMPLOYEES, INCLUDING PRESIDENT AND KEY EMPLOYEES. THE BOARD ALSO INCLUDED A 3% RAISE FOR ALL EMPLOYEES FOR 2014.
FORM 990, PAGE 6, PART VI, LINE 19PANHANDLE-PLAINS MANAGEMENT & SERVICING CORPORATION MAKES ALL GOVERNING DOCUMENTS, POLICIES, ANNUAL AUDITED FINANCIAL STATEMENTS AND FORM 990S AVAILABLE UPON REQUEST. ARTICLES OF INCORPORATION AND PUBLIC DOCUMENTS ARE PUBLIC INFORMATION AND ARE AVAILABLE FROM THE TEXAS SECRETARY OF STATE.

Schedule R IRS990ScheduleR

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (2 entries)

Business Name Line2DisregardedEntityName/BusinessNameLine2TxtAddress Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdExempt Code SectionExemptCodeSectionTxtPublic Charity StatusPublicCharityStatusTxtDirect Controlling NADirectControllingNACdControlled OrganizationControlledOrganizationInd
PANHANDLE-PLAINS HIGHER EDUCATION
AUTHORITY INC1303 23RD STREETCANYONTX79015237025386LENDERTX501C311AN/Afalse
PANHANDLE-PLAINS STUDENT FINANCE
CORPORATION1303 23RD STREETCANYONTX79015752059556LENDERTX501C39N/Afalse
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts RyltsfalseReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth OrgfalseGiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth OrgfalseGiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other OrgfalseLoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth OrgfalseLoansOrGuaranteesFromOthOrgInd
Div Related OrganizationfalseDivRelatedOrganizationInd
Asset Sale To Other OrgfalseAssetSaleToOtherOrgInd
Asset Purchase From Other OrgfalseAssetPurchaseFromOtherOrgInd
Asset ExchangefalseAssetExchangeInd
Rental Of Facilities To Oth OrgfalseRentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth OrgfalseRentalOfFcltsFromOthOrgInd
Perform Of Services For Oth OrgYes (true)PerformOfServicesForOthOrgInd
Perform Of Services By Other OrgfalsePerformOfServicesByOtherOrgInd
Sharing Of FacilitiesfalseSharingOfFacilitiesInd
Paid Employees SharingfalsePaidEmployeesSharingInd
Reimbursement Paid To Other OrgfalseReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other OrgfalseReimbursementPaidByOtherOrgInd
Transfer To Other OrgfalseTransferToOtherOrgInd
Transfer From Other OrgfalseTransferFromOtherOrgInd

Transactions Related Org TransactionsRelatedOrgGrp (2 entries)

Business Name Line2OtherOrganizationName/BusinessNameLine2TxtTransaction TypeTransactionTypeTxtInvolvedInvolvedAmtMethod Of Amount DeterminationMethodOfAmountDeterminationTxt
PANHANDLE-PLAINS HIGHER EDUCATION
AUTHORITY INCL$5,975,772CASH
PANHANDLE-PLAINS STUDENT FINANCE
CORPORATIONL$389,181CASH

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