2014-05-05T15:22:06-05:00 2013-06-30 ERNST & YOUNG US LLP 401 CONGRESS AVE SUITE 1800 AUSTIN TX 78701 990 2012-07-01 742534099 BOSQUE HIGHER EDUCATION AUTHORITY INC % RICKY TURMAN CFO EVP BOSQ 2547530915 PO BOX 1308 Suite WACO TX 76703 Ricky Turman 2014-05-02 5124789881 2012 2015-11-30 17:44:51Z RICKY TURMAN 2600 WASHINGTON AVENUE WACO TX 76710 205428 false X www.brazos.us.com X 1989 TX Bosque's mission is to make education a reality by supporting programs and initiatives to finance educational opportunities. 9 9 0 0 0 0 0 0 1225775 205414 102 14 2004531 0 3230408 205428 0 0 0 0 0 0 0 0 0 761055 71652 761055 71652 2469353 133776 6841033 6641815 1962391 1629397 4878642 5012418 Bosque is a secondary market of college student loans under the Federal Family Education Loan Program (FFELP). Bosque's mission is to make education a reality by supporting programs and initiatives to finance educational opportunities. false false 71652 0 205414 BOSQUE serviced over 893 loans totaling over $4,900,000 under the Title IV Federal Family Education Loan Program (FFELP) and other alternative student loan programs. This included over $2,500,000 of Title IV loans and over $2,300,000 of alternative loans. These loans were funded with Company funds. 71652 true false false false false false false false false false false false false false true true true false false false false false false false false false false false false true false false false false false false false false false false false false false true true false false false true 0 0 0 false false false false false false false false false false X 9 9 true true false false false false false true true false false true true true true true true false false false X RICKY TURMAN CFO EVP 2547530915 2600 Washington Avenue Waco TX 76710 John Perry 1.0 4.0 X 0 0 0 Paul Marable Jr 1.0 7.0 X 0 0 0 Mrs Joyce Packard 1.0 10.0 X 0 0 0 Norman L Hay Jr 1.0 2.0 X 0 0 0 David Smith Jr 1.0 7.0 X 0 0 0 Dr Joseph Velez 1.0 3.0 X 0 0 0 Dr Terry Maness 1.0 4.0 X 0 0 0 Dr Dennis Michaelis 1.0 5.0 X 0 0 0 Claude Ervin 1.0 3.0 X 0 0 0 Murray Watson 1.0 49.0 X 0 1099551 33270 Ricky Turman 1.0 49.0 X 0 451302 45418 Ellis Tredway 1.0 49.0 X 0 309850 38925 Thomas Litle 1.0 47.0 X 0 278512 30756 Tammy Harralson 1.0 49.0 X 0 191285 28505 Daniel Reyna 1.0 47.0 X 0 135617 20396 James McInnis 1.0 48.0 X 0 100445 19370 Susan Davis 1.0 49.0 X 0 71168 16233 Ray Rushing 1.0 48.0 X 0 0 0 David Horner 1.0 47.0 X 0 506110 41505 Kelli Villarrial 1.0 47.0 X 0 264781 31265 0 3408621 305643 0 false true false 0 0 Yield on student loan notes receivable 522294 205414 205414 205414 14 14 0 0 0 0 0 0 0 0 0 0 205428 205414 14 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 BAD DEBT EXPENSE 112204 112204 Servicing expense 21443 21443 DEPT OF EDUCATION REBATE FEES 4719 4719 All other expenses -66714 -66714 71652 71652 0 0 281381 471381 37352 140119 0 0 1817289 1627285 0 0 0 0 4521042 4283231 0 0 0 0 0 0 0 0 0 0 0 0 0 183969 119799 6841033 6641815 1819391 1629397 0 0 0 0 0 0 0 0 0 0 0 0 0 0 143000 0 1962391 1629397 X 4878642 5012418 0 0 0 0 4878642 5012418 6841033 6641815 133776 X false true X true true true X 0 0 0 0 0 0 3414069 2063665 1892758 3230306 205414 10806212 0 0 0 3414069 2063665 1892758 3230306 205414 10806212 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 10806212 64519 476 165 102 14 65276 0 64519 476 165 102 14 65276 0 0 3478588 2064141 1892923 3230408 205428 10871488 0.99400 0.97960 0.00600 0.02040 X 0 0 X 267449 267449 -62021 -62021 205428 133673 133673 -62021 -62021 71652 Supplemental Information RECONCILIATION OF REVENUE PER AUDITED FINANCIAL STATEMENTS SCHEDULE D, PART XI, LINE 4B DEPT OF EDUCATION FEES - $4,719 AMORT OF LOAN PURCHASE FEES - $(66,740) TOTAL - $(62,021) RECONCILIATION OF EXPENSES PER AUDITED FINANCIAL STATEMENTS SCHEDULE D, PART XII, LINE 4B DEPT OF EDUCATION FEES - $4,719 AMORT OF LOAN PURCHASE FEES - $(66,740) TOTAL - $(62,021) Fin 48 THE AUTHORITY FOLLOWS THE ACCOUNTING STANDARD RELATED TO THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN THE AUTHORITY'S 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 HAS NO UNCERTAIN TAX POSITIONS. false false false false false false false false false Murray Watson 0 603194 0 420756 0 75601 0 25000 0 8270 0 1132821 0 0 Ricky Turman 0 294207 0 150684 0 6411 0 25000 0 20418 0 496720 0 0 Ellis Tredway 0 185324 0 101266 0 23260 0 25000 0 13925 0 348775 0 0 Thomas Litle 0 185601 0 67840 0 25071 0 25000 0 5756 0 309268 0 0 Tammy Harralson 0 126382 0 50267 0 14636 0 19341 0 9164 0 219790 0 0 Daniel Reyna 0 92427 0 35082 0 8108 0 13565 0 6831 0 156013 0 0 David Horner 0 256525 0 205287 0 44298 0 24606 0 16899 0 547615 0 0 Kelli Villarrial 0 173411 0 65055 0 26315 0 24547 0 6718 0 296046 0 0 SUPPLEMENTAL INFORMATION Form 990, Part VI, Question 2 BUSINESS RELATIONSHIPS RAY RUSHING AND MURRAY WATSON JR. HAVE A BUSINESS RELATIONSHIP. Form 990, Part VI, Question 3 Description of Management Arrangement The Governing body delegates authority to its executive committee to make decisions for specific issues as appointed by the governing body. These decisions are subject to ratification by the governing body. In addition, the executive committee is authorized to make decisions for normal day to day activities, when necessary. BOSQUE has a contract with Brazos Higher Education Service Corporation to perform management and administration services on BOSQUE's behalf. This includes master servicing administration for the outstanding student loans held by BOSQUE. The services include, but are not limited to: accounting, reporting, servicing, originating, marketing, treasury, and compliance monitoring of the student loans held by BOSQUE. Form 990, Part VI, Question 11b Describe the Process used by Management &/or Governing Body to Review 990 The 990 tax return is provided to senior management for their review. After their 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 reviewed/answered by senior management. The return is filed upon completion of the process. Form 990, Part VI, Question 12c Description of Process to Monitor Transactions for Conflicts of Interest Bosque's 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 COMPANY. 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, QUESTION 15A & 15B COMPENSATION DETERMINATION PROCESS THE COMPENSATION OF THE CEO (OR EXECUTIVE DIRECTOR, AS APPLICABLE), OFFICERS, AND KEY EMPLOYEES OF BOSQUE HIGHER EDUCATION AUTHORITY, Inc. IS PAID BY A RELATED ORGANIZATION, AND IS DETERMINED UNDER THE POLICIES OF THE RESPECTIVE RELATED ORGANIZATION. Form 990, Part VI, Question 19 Avail of Gov Docs, Conflict of Interest Policy, & Fin Stmts to Gen Public The governing documents, conflict of interest policy, and financial statements are available to the public upon request. ADDITIONAL INFORMATION RECENT LEGISLATIVE DEVELOPMENTS ON MARCH 30, 2010, PRESIDENT OBAMA SIGNED INTO LAW THE RECONCILIATION ACT OF 2010. EFFECTIVE JULY 1, 2010, THIS LAW PROHIBITS NEW LOAN ORIGINATIONS UNDER THE FFELP AND REQUIRES THAT ALL NEW FEDERAL LOAN ORIGINATIONS BE MADE THROUGH THE DIRECT LOAN PROGRAM. IN THE EVENT THAT A FIRST DISBURSEMENT HAS BEEN MADE ON A FFELP LOAN PRIOR TO JULY 1, 2010, SUBSEQUENT DISBURSEMENTS OF THAT LOAN MAY STILL BE MADE UNDER THE FFELP. ADDITIONALLY, THE NEW LAW DOES NOT ALTER OR AFFECT THE TERMS AND CONDITIONS OF THE AUTHORITY'S EXISTING FFELP LOANS. Acapita Education Finance Corporation PO BOX 1308 WACO TX 76703 742542435 fund std lns TX 501(c)(3) 9 NA true Brazos Education Finance CorporationInc 2600 WASHINGTON AVENUE WACO TX 76710 742539632 fund std lns TX 501(c)(3) 11 type 1 NA true Brazos Higher Education Authority Inc PO BOX 1308 WACO TX 76703 742099402 fund std lns TX 501(c)(3) 11 type 1 NA true Atlantic Student Finance Corporation 2600 WASHINGTON AVENUE WACO TX 76710 205412189 fund std lns FL 501(c)(3) 7 NA true Concho Higher Education Authority Inc 2600 WASHINGTON AVENUE WACO TX 76710 203870081 fund std lns TX 501(c)(3) 9 NA true Brazos Student Finance Corporation PO BOX 1308 WACO TX 76703 742356109 fund std lns TX 501(c)(3) 9 NA true EdInvest Company 2600 WASHINGTON AVENUE WACO TX 76710 742537669 fund std lns TX 501(c)(3) 9 NA true Educational Funding Services Inc PO BOX 1308 WACO TX 76703 330947525 fund std lns CA 501(c)(3) 9 NA true Federated Student Finance Corporation 2600 WASHINGTON AVENUE WACO TX 76710 742536239 fund std lns TX 501(c)(3) 9 NA true Brazos Higher Education Service Corp PO BOX 1308 WACO TX 76703 742129255 fund std lns TX 501(C)(3) 9 na true Trinity Higher Education Authority Inc 2600 WASHINGTON AVENUE WACO TX 76710 742534486 fund std lns TX 501(c)(3) 9 NA true Brazos Education Loan Authority Inc 2600 WASHINGTON AVENUE WACO TX 76710 203868073 fund std lns TX 501(c)(3) 9 NA true Angelina Higher Education Authority 2600 WASHINGTON AVENUE WACO TX 76710 200115078 fund std lns TX 501(c)(3) 9 NA true Frio Higher Education Authority Inc 2600 WASHINGTON AVENUE WACO TX 76710 203870120 fund std lns TX 501(c)(3) 9 NA true Lavaca Higher Education Authority Inc 2600 WASHINGTON AVENUE WACO TX 76710 203870153 fund std lns TX 501(c)(3) 9 NA true Leon Higher Education Authority Inc 2600 WASHINGTON AVENUE WACO TX 76710 203870176 fund std lns TX 501(c)(3) 9 NA true Llano Higher Education Authority Inc 2600 WASHINGTON AVENUE WACO TX 76710 203870219 fund std lns TX 501(c)(3) 9 NA true Paluxy Higher Education Authority Inc 2600 WASHINGTON AVENUE WACO TX 76710 203868139 fund std lns TX 501(c)(3) 9 NA true Rozell Higher Education Authority Inc 2600 WASHINGTON AVENUE WACO TX 76710 203867891 fund std lns TX 501(c)(3) 9 NA true Sabine Higher Education Authority Inc 2600 WASHINGTON AVENUE WACO TX 76710 203868185 fund std lns TX 501(c)(3) 9 NA true Texoma Higher Education Authority Inc 2600 WASHINGTON AVENUE WACO TX 76710 203868230 fund std lns TX 501(c)(3) 9 NA true Brazos Education Foundation Inc 2612 WASHINGTON AVENUE WACO TX 76710 264562436 grant making TX 501(c)(3) 7 NA true Academic Finance Corporation PO BOX 1308 WACO TX 76703 742540458 fund std lns TX 501(c)(3) 9 NA true Education Servicing Mgmt Corporation 2600 WASHINGTON AVENUE WACO TX 76710 203870046 fund std lns TX 501(c)(3) 9 NA true Interview Stream Inc 7901 Woodway Drive Suite 200 Waco TX 767123898 461208841 job interview svc TX BHESC c corp false false false false false false false false false false false false false false false false false false false false