Acapita Education Finance Corporation: Form 990, tax year 2012
View the entire original 990 at ProPublica ↗
- Organization
- Acapita Education Finance Corporation (EIN 74-2542435)
- Tax period
- 2012-07-01 to 2013-06-30
- Filed
- 2014-05-05
- IRS object ID
- 201421259349301417
- Schema version
- 2012v2.3
- 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2014-05-05T15:22:06-05:00 | Timestamp |
| Tax Period End Date | 2013-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ERNST & YOUNG US LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 401 CONGRESS AVE SUITE 1800 | AddressLine1 |
| City | AUSTIN | City |
| State | TX | State |
| ZIP Code | 78701 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2012-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 742542435 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Acapita Education Finance Corporation | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of Name | % RICKY TURMAN CFO EVP | InCareOfName |
| Name Control | ACAP | NameControl |
| Phone | 2547530915 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 1308 | AddressLine1 |
| Address Line2 | Suite | AddressLine2 |
| City | WACO | City |
| State | TX | State |
| ZIP Code | 76703 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Ricky Turman | Name |
| Title | EVP & CFO | Title |
| Date Signed | 2014-05-02 | DateSigned |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 5124789881 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2012 | TaxYear |
| Build TS | 2015-11-30 17:44:51Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | RICKY TURMAN | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2600 WASHINGTON AVENUE | AddressLine1 |
| City | WACO | City |
| State | TX | State |
| ZIP Code | 76710 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 53224253 | GrossReceipts |
| Group Return For Affiliates | false | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | www.brazos.us.com | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1989 | YearFormation |
| State Legal Domicile | TX | StateLegalDomicile |
| Activity Or Mission Description | Acapita Education Finance Corporation's mission is to make education a reality by supporting programs and initiatives to finance educational opportunities. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 9 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 9 | NbrIndependentVotingMembers |
| Total Nbr Employees | 0 | TotalNbrEmployees |
| Total Nbr Volunteers | 0 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 0 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 0 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 60263503 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 52946262 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 3048 | InvestmentIncomePriorYear |
| Investment Income Current Year | 2991 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 275062 | OtherRevenuePriorYear |
| Other Revenue Current Year | 275000 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 60541613 | TotalRevenuePriorYear |
| Total Revenue Current Year | 53224253 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 0 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 0 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 0 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 0 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 0 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 158907166 | OtherExpensePriorYear |
| Other Expenses Current Year | 139414477 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 158907166 | TotalExpensesPriorYear |
| Total Expenses Current Year | 139414477 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -98365553 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | -86190224 | RevenuesLessExpensesCY |
| Total Assets BOY | 2297667484 | TotalAssetsBOY |
| Total Assets EOY | 2067969273 | TotalAssetsEOY |
| Total Liabilities BOY | 2880732765 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 2665945859 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | -583065281 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | -597976586 | NetAssetsOrFundBalancesEOY |
| Mission Description | Acapita Education Finance Corporation (AEFC) is a secondary market of college student loans under the Federal Family Education Loan Program (FFELP). AEFC's mission is to make education a reality by supporting programs and initiatives to finance educational opportunities. | MissionDescription |
| Significant New Program Services | false | SignificantNewProgramServices |
| Significant Change | false | SignificantChange |
| Expense | 139414477 | Expense |
| Grants | 0 | Grants |
| Revenue | 53221262 | Revenue |
| Description | AEFC serviced over 225,000 loans totaling over $2 billion. This included over $1.78 billion under the Title IV Federal Family Education Loan Program (FFELP) of which included $1.26 billion of consolidation loans. These loans were funded through temporary financings. | Description |
| Total Program Service Expense | 139414477 | TotalProgramServiceExpense |
| Described In501 C3 | true | DescribedIn501C3 |
| Schedule B Required | false | ScheduleBRequired |
| Political Activities | false | PoliticalActivities |
| Lobbying Activities | false | LobbyingActivities |
| Subject To Proxy Tax | false | SubjectToProxyTax |
| Donor Advised Funds | false | DonorAdvisedFunds |
| Conservation Easements | false | ConservationEasements |
| Collections Of Art | false | CollectionsOfArt |
| Credit Counseling | false | CreditCounseling |
| Term Or Permanent Endowments | false | TermOrPermanentEndowments |
| Report Land Bldg Equip | false | ReportLandBldgEquip |
| Report Invest Oth Securities | false | ReportInvestOthSecurities |
| Report Prog Rel Invest | false | ReportProgRelInvest |
| Report Other Assets | false | ReportOtherAssets |
| Report Other Liabilities | false | ReportOtherLiabilities |
| Report Fin48 Footnote | true | ReportFin48Footnote |
| Independent Audit Financial Stmt | true | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | false | ConsolidatedAuditFinancialStmt |
| School | false | School |
| Foreign Office | false | ForeignOffice |
| Foreign Activities | false | ForeignActivities |
| More Than5000 K To Organizations | false | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividuals |
| Professional Fundraising | false | ProfessionalFundraising |
| Fundraising Activities | false | FundraisingActivities |
| Gaming | false | Gaming |
| Hospital | false | Hospital |
| Grants To Organizations | false | GrantsToOrganizations |
| Grants To Individuals | false | GrantsToIndividuals |
| Schedule J Required | true | ScheduleJRequired |
| Tax Exempt Bonds | false | TaxExemptBonds |
| Excess Benefit Transaction | false | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | false | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | false | LoanToOfficerOrDQP |
| Grant To Related Person | false | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | false | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | false | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | false | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | false | DeductibleNonCashContributions |
| Deductible Contributions Of Art | false | DeductibleContributionsOfArt |
| Terminated | false | Terminated |
| Partial Liquidation | false | PartialLiquidation |
| Disregarded Entity | false | DisregardedEntity |
| Related Entity | true | RelatedEntity |
| Related Org Controlled Entity | true | RelatedOrgControlledEntity |
| Transaction Related Entity | true | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | false | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | false | ActivitiesConductedPartnership |
| Schedule O Required | true | ScheduleORequired |
| Number Forms Transmitted With1096 | 1 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | true | ComplianceWithBackupWitholding |
| Number Of Employees | 0 | NumberOfEmployees |
| Unrelated Business Income | false | UnrelatedBusinessIncome |
| Foreign Financial Account | false | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTrans |
| Taxable Party Notification | false | TaxablePartyNotification |
| Non Deductible Contributions | false | NonDeductibleContributions |
| Quid Pro Quo Contributions | false | QuidProQuoContributions |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | false | FundsToPayPremiums |
| Premiums Paid | false | PremiumsPaid |
| Indoor Tanning Services | false | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 9 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 9 | NumberIndependentVotingMembers |
| Family Or Business Relationship | true | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | true | DelegationOfManagementDuties |
| Changes To Organizing Docs | false | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuse |
| Members Or Stockholders | false | MembersOrStockholders |
| Election Of Board Members | false | ElectionOfBoardMembers |
| Decisions Subject To Approval | false | DecisionsSubjectToApproval |
| Minutes Of Governing Body | true | MinutesOfGoverningBody |
| Minutes Of Committees | true | MinutesOfCommittees |
| Officer Mailing Address | false | OfficerMailingAddress |
| Local Chapters | false | LocalChapters |
| Form990 Provided To Governing Body | true | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | true | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | true | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | true | RegularMonitoringEnforcement |
| Whistleblower Policy | true | WhistleblowerPolicy |
| Document Retention Policy | true | DocumentRetentionPolicy |
| Compensation Process CEO | false | CompensationProcessCEO |
| Compensation Process Other | false | CompensationProcessOther |
| Investment In Joint Venture | false | InvestmentInJointVenture |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | RICKY TURMAN CFO EVP | NamePerson |
| Telephone Number | 2547530915 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2600 Washington Avenue | AddressLine1 |
| City | Waco | City |
| State | TX | State |
| ZIP Code | 76710 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (21 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Average Hours Per Week RelatedAverageHoursPerWeekRelated | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer |
|---|---|---|---|---|---|---|---|
| Paul Marable Jr | |||||||
| Director | 1.0 | 7.0 | X | 0 | 0 | 0 | |
| Mrs Joyce Packard | |||||||
| Vice Chairman | 1.0 | 10.0 | X | 0 | 0 | 0 | |
| Calvin Curtis Jones | |||||||
| Director | 1.0 | 1.0 | X | 0 | 0 | 0 | |
| David Smith Jr | |||||||
| Chairman | 1.0 | 7.0 | X | 0 | 0 | 0 | |
| Tony Wayland | |||||||
| Director | 1.0 | 2.0 | X | 0 | 0 | 0 | |
| Wilton Lanning | |||||||
| Director | 1.0 | 8.0 | X | 0 | 0 | 0 | |
| Larry Smith | |||||||
| Director | 1.0 | 2.0 | X | 0 | 0 | 0 | |
| Dr Terry Maness | |||||||
| Director | 1.0 | 4.0 | X | 0 | 0 | 0 | |
| Dr Dennis Michaelis | |||||||
| Director | 1.0 | 5.0 | X | 0 | 0 | 0 | |
| Murray Watson | |||||||
| President | 1.0 | 49.0 | 0 | 1099551 | 33270 | X | |
| Ricky Turman | |||||||
| EVP / CFO | 1.0 | 49.0 | 0 | 451302 | 45418 | X | |
| Ellis Tredway | |||||||
| EVP, Chief Operations Officer | 1.0 | 49.0 | 0 | 309850 | 38925 | X | |
| Thomas Litle | |||||||
| Senior Vice President | 1.0 | 47.0 | 0 | 278512 | 30756 | X | |
| Tammy Harralson | |||||||
| Controller/VP | 1.0 | 49.0 | 0 | 191285 | 28505 | X | |
| Janice White | |||||||
| Assistant Secretary | 1.0 | 42.0 | 0 | 173703 | 20133 | X | |
| Daniel Reyna | |||||||
| Internal Audit Director | 1.0 | 47.0 | 0 | 135617 | 20396 | X | |
| James McInnis | |||||||
| Treasurer | 1.0 | 48.0 | 0 | 100445 | 19370 | X | |
| Susan Davis | |||||||
| Assistant Secretary | 1.0 | 49.0 | 0 | 71168 | 16233 | X | |
| Ray Rushing | |||||||
| Secretary | 1.0 | 48.0 | 0 | 0 | 0 | X | |
| David Horner | |||||||
| EVP | 1.0 | 47.0 | 0 | 506110 | 41505 | X | |
| Kelli Villarrial | |||||||
| VP, Associate General Counsel | 1.0 | 47.0 | 0 | 264781 | 31265 | X | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 0 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 3582324 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 325776 | TotalOtherCompensation |
| Number Individuals GT100 K | 0 | NumberIndividualsGT100K |
| Formers Listed | false | FormersListed |
| Total Comp GT150 K | true | TotalCompGT150K |
| Compensation From Other Sources | false | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation
Name Of Contractor NameOfContractor
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | None | NamePerson |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Of Contractor | AddressOfContractor |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 0 | NumberOfContractorsGT100K |
| Total Contributions | 0 | TotalContributions |
Program Service Revenue ProgramServiceRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | Yield on Student Loan Notes Receivable | Description |
| Business Code | 522294 | BusinessCode |
| Total Revenue Column | 52946262 | TotalRevenueColumn |
| Related Or Exempt Function Income | 52946262 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 52946262 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 2991 | TotalRevenueColumn |
| Exclusion | $2,991 | ExclusionAmount |
Income From Invest Bond Proceeds IncomeFromInvestBondProceeds
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Royalties Revenue RoyaltiesRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 0 | Real |
| Personal | 0 | Personal |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Net Income From Gaming NetIncomeFromGaming
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Net Income Or Loss NetIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Other Revenue Misc OtherRevenueMisc
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | Issuer Income | Description |
| Business Code | 522294 | BusinessCode |
| Total Revenue Column | 275000 | TotalRevenueColumn |
| Related Or Exempt Function Income | 275000 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 275000 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 53224253 | TotalRevenueColumn |
| Related Or Exempt Function Income | 53221262 | RelatedOrExemptFunctionIncome |
| Exclusion | $2,991 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Foreign Grants ForeignGrants
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Benefits To Members BenefitsToMembers
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Comp Disqual Persons CompDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Management FeesForServicesManagement
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 116032 | Total |
| Program Services | 116032 | ProgramServices |
Fees For Services Lobbying FeesForServicesLobbying
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Royalties Royalties
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Travel Entrtnmnt Public Officials TravelEntrtnmntPublicOfficials
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 115707698 | Total |
| Program Services | 115707698 | ProgramServices |
Payments To Affiliates PaymentsToAffiliates
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices |
|---|---|---|
| Department of Education Rebate | 13941037 | 13941037 |
| Servicing expense | 4868067 | 4868067 |
| Commitment fees | 2925333 | 2925333 |
| Operating expense | 1296262 | 1296262 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 560048 | Total |
| Program Services | 560048 | ProgramServices |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 139414477 | Total |
| Program Services | 139414477 | ProgramServices |
| Management And General | 0 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 12415 | BOY |
| EOY | 116630 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 46565163 | BOY |
| EOY | 22385011 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 34954 | BOY |
| EOY | 28698 | EOY |
Receivables From Officers Etc ReceivablesFromOfficersEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Receivables From Disqual Persons ReceivablesFromDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2217617517 | BOY |
| EOY | 2023109655 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Investments Program Related InvestmentsProgramRelated
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Intangible Assets IntangibleAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 33437435 | BOY |
| EOY | 22329279 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2297667484 | BOY |
| EOY | 2067969273 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 460132765 | BOY |
| EOY | 561845859 | EOY |
Grants Payable GrantsPayable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Escrow Account Liability EscrowAccountLiability
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Loans From Officers Directors LoansFromOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2420600000 | BOY |
| EOY | 2104100000 | EOY |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2880732765 | BOY |
| EOY | 2665945859 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Do Not Follow SFAS117 | X | DoNotFollowSFAS117 |
Cap Stck Trst Prin Current Funds CapStckTrstPrinCurrentFunds
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | -583065281 | BOY |
| EOY | -597976586 | EOY |
Paid In Cap Srpls Land Bldg Eqp Fund PaidInCapSrplsLandBldgEqpFund
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Retained Earnings Endowment Etc RetainedEarningsEndowmentEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | -583065281 | BOY |
| EOY | -597976586 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2297667484 | BOY |
| EOY | 2067969273 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | -86190224 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | 71278919 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | false | AccountantCompileOrReview |
| FS Audited | true | FSAudited |
FS Audited Basis FSAuditedBasis
| Field | Value | IRS element (for citing) |
|---|---|---|
| Financial Statement Separate | X | FinancialStatementSeparate |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | true | AuditCommittee |
| Federal Grant Audit Required | true | FederalGrantAuditRequired |
| Federal Grant Audit Performed | true | FederalGrantAuditPerformed |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org509a2 | X | PubliclySupportedOrg509a2 |
Gifts Grants Contrib Received509 GiftsGrantsContribReceived509
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 0 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 0 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 0 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 0 | CurrentTaxYearMinus1Year |
| Current Tax Year | 0 | CurrentTaxYear |
| Total | 0 | Total |
Gross Receipts From Admissions GrossReceiptsFromAdmissions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 2289010 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 74750828 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 67053129 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 60538565 | CurrentTaxYearMinus1Year |
| Current Tax Year | 53221262 | CurrentTaxYear |
| Total | 257852794 | Total |
Gross Receipts From Non UBI GrossReceiptsFromNonUBI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Tax Rev Levied For Org Benefit509 TaxRevLeviedForOrgBenefit509
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Value Of Svcs Fclts Furnishd By Govt ValueOfSvcsFcltsFurnishdByGovt
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Total509 Total509
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 2289010 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 74750828 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 67053129 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 60538565 | CurrentTaxYearMinus1Year |
| Current Tax Year | 53221262 | CurrentTaxYear |
| Total | 257852794 | Total |
Amts Recd From Disqual Persons AmtsRecdFromDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 0 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 0 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 0 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 0 | CurrentTaxYearMinus1Year |
| Current Tax Year | 0 | CurrentTaxYear |
| Total | 0 | Total |
Amts From Subst Contributors AmtsFromSubstContributors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 0 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 0 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 0 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 0 | CurrentTaxYearMinus1Year |
| Current Tax Year | 0 | CurrentTaxYear |
| Total | 0 | Total |
Support From DQ Ps Etc SupportFromDQPsEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 0 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 0 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 0 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 0 | CurrentTaxYearMinus1Year |
| Current Tax Year | 0 | CurrentTaxYear |
| Total | 0 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total509 | 257852794 | PublicSupportTotal509 |
Gross Investment Income509 GrossInvestmentIncome509
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 5232 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 8361 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 3576 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 3048 | CurrentTaxYearMinus1Year |
| Current Tax Year | 2991 | CurrentTaxYear |
| Total | 23208 | Total |
Post1975 UBTI Post1975UBTI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Investment Income And UBTI InvestmentIncomeAndUBTI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 5232 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 8361 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 3576 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 3048 | CurrentTaxYearMinus1Year |
| Current Tax Year | 2991 | CurrentTaxYear |
| Total | 23208 | Total |
Net Income From Other UBI NetIncomeFromOtherUBI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Other Income509 OtherIncome509
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Total Support Total TotalSupportTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 2294242 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 74759189 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 67056705 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 60541613 | CurrentTaxYearMinus1Year |
| Current Tax Year | 53224253 | CurrentTaxYear |
| Total | 257876002 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Percentage509 | 0.99991 | PublicSupportPercentage509 |
| Prior Year Support Percentage | 0.99980 | PriorYearSupportPercentage |
| Investment Income Percentage | 0.00009 | InvestmentIncomePercentage |
| Prior Yr Invest Income Percentage | 0.00020 | PriorYrInvestIncomePercentage |
| Thirty Three Percnt Tests CY509 | X | ThirtyThreePercntTestsCY509 |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Art Public Exhibition Amts | ArtPublicExhibitionAmts | |
| Held Works Of Art Amts | HeldWorksOfArtAmts | |
| Current Year Minus3 Years | CurrentYearMinus3Years | |
| Current Year Minus4 Years | CurrentYearMinus4Years | |
| Land | Land | |
| Buildings | Buildings | |
| Leasehold Improvements | LeaseholdImprovements | |
| Equipment | Equipment | |
| Other Land Buildings | OtherLandBuildings | |
| Federal Income Tax Liability | 0 | FederalIncomeTaxLiability |
| Total Of Amounts | 0 | TotalOfAmounts |
| Footnote In Part XIII | X | FootnoteInPartXIII |
| Tot Revenue Etc Audited Fincl Stmt | 39283216 | TotRevenueEtcAuditedFinclStmt |
| Revenue Subtotal | 39283216 | RevenueSubtotal |
| Other Revenues Not Included | 13941037 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | 13941037 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 53224253 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 54194521 | TotExpensesEtcAuditedFinclStmt |
| Other Expenses Included | -71278919 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | -71278919 | ExpensesNotRptdF990 |
| Expenses Subtotal | 125473440 | ExpensesSubtotal |
| Other Expenses Not Included | 13941037 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 13941037 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 139414477 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIII Form990ScheduleDPartXIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Supplemental Information | Identifier |
| Explanation | RECONCILIATION OF REVENUE PER AUDITED FINANCIAL STATEMENTS SCHEDULE D, PART XI, LINE 4B DEPT OF EDUCATION REBATE FEES - $13,941,037 RECONCILIATION OF EXPENSES PER AUDITED FINANCIAL STATEMENTS SCHEDULE D, PART XII, LINE 2D valuation allowance on SLNR - ($71,278,919) SCHEDULE D, PART XII, LINE 4B DEPT OF EDUCATION REBATE FEES - $13,941,037 Fin 48 Footnote The Company follows the accounting standard related to the accounting for uncertainty in income taxes recognized in the Companys 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 Company currently does not have any uncertain tax positions. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Severance Payment | false | SeverancePayment |
| Supplemental Nonqual Retire Plan | false | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | false | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | false | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | false | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | false | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | false | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | false | AnyNonFixedPayments |
| Initial Contract Exception | false | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII (9 entries)
| TitleTitle | Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Murray Watson | ||||||||||||||
| President | 0 | 603194 | 0 | 420756 | 0 | 75601 | 0 | 25000 | 0 | 8270 | 0 | 1132821 | 0 | 0 |
| Ricky Turman | ||||||||||||||
| EVP / CFO | 0 | 294207 | 0 | 150684 | 0 | 6411 | 0 | 25000 | 0 | 20418 | 0 | 496720 | 0 | 0 |
| Ellis Tredway | ||||||||||||||
| EVP, Chief Operations Officer | 0 | 185324 | 0 | 101266 | 0 | 23260 | 0 | 25000 | 0 | 13925 | 0 | 348775 | 0 | 0 |
| Thomas Litle | ||||||||||||||
| Senior Vice President | 0 | 185601 | 0 | 67840 | 0 | 25071 | 0 | 25000 | 0 | 5756 | 0 | 309268 | 0 | 0 |
| Tammy Harralson | ||||||||||||||
| Controller/VP | 0 | 126382 | 0 | 50267 | 0 | 14636 | 0 | 19341 | 0 | 9164 | 0 | 219790 | 0 | 0 |
| Janice White | ||||||||||||||
| Assistant Secretary | 0 | 104502 | 0 | 44871 | 0 | 24330 | 0 | 17163 | 0 | 2970 | 0 | 193836 | 0 | 0 |
| Daniel Reyna | ||||||||||||||
| Internal Audit Director | 0 | 92427 | 0 | 35082 | 0 | 8108 | 0 | 13565 | 0 | 6831 | 0 | 156013 | 0 | 0 |
| David Horner | ||||||||||||||
| EVP | 0 | 256525 | 0 | 205287 | 0 | 44298 | 0 | 24606 | 0 | 16899 | 0 | 547615 | 0 | 0 |
| Kelli Villarrial | ||||||||||||||
| VP, Associate General Counsel | 0 | 173411 | 0 | 65055 | 0 | 26315 | 0 | 24547 | 0 | 6718 | 0 | 296046 | 0 | 0 |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Supplemental Information | Identifier |
| Return Reference | Form 990, Part VI, Question 2 | ReturnReference |
| Explanation | Business Relationships Ray Rushing and Murray Watson Jr. have a business relationship. Form 990, Part VI, Question 3 Description of Management Arrangement Acapita Education Finance Corporation has a contract with Brazos Higher Education Service Corporation to perform management and administration services on Acapita Education Finance Corporation's behalf. This includes master servering administration for the outstanding student loans held by Acapita Education Finance Corporation. The services include, but are not limited to: accounting, reporting, servicing, originating, marketing, treasury, and compliance monitoring of the student loans held by Acapita Education Finance Corporation. 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 investigated and resolved or disclosed to the Board. Upon completion of the process, the return is filed. Form 990, Part VI, Question 12c Description of Process to Monitor Transactions for Conflicts of Interest The 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 ACAPITA EDUCATION FINANCE CORPORATION 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. Form 990, Part XI, Line 9 Other changes in Net Assets or Fund Balances VALUATION ALLOWANCE ON SLNR - $71,278,919 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 COMPANY'S EXISTING FFELP LOANS. | Explanation |
Schedule R IRS990ScheduleR
Form990 Schedule R Part II Form990ScheduleRPartII (24 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EINEIN | Primary ActivitiesPrimaryActivities | Legal Domicile StateLegalDomicileState | Exempt Code SectionExemptCodeSection | Public Charity StatusPublicCharityStatus | Business Name Line1DirectControllingEntityName/BusinessNameLine1 | Controlled OrgControlledOrg |
|---|---|---|---|---|---|---|---|---|---|---|
| Atlantic Student Finance Corporation | ||||||||||
| 2600 WASHINGTON AVENUE | WACO | TX | 76710 | 205412189 | fund std lns | FL | 501(c)(3) | 7 | NA | true |
| Brazos Education Finance Corporation Inc | ||||||||||
| 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 |
| Rozell Higher Education Authority Inc | ||||||||||
| 2600 WASHINGTON AVENUE | WACO | TX | 76710 | 203867891 | fund std lns | TX | 501(c)(3) | 9 | NA | true |
| Bosque Higher Education Authority Inc | ||||||||||
| PO BOX 1308 | WACO | TX | 76703 | 742534099 | 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 |
| Concho Higher Education Authority Inc | ||||||||||
| 2600 WASHINGTON AVENUE | WACO | TX | 76710 | 203870081 | 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 |
| 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 |
Form990 Schedule R Part IV Form990ScheduleRPartIV
Name Of Related Org NameOfRelatedOrg
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Interview Stream Inc | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 7901 Woodway Drive Suite 200 | AddressLine1 |
| City | Waco | City |
| State | TX | State |
| ZIP Code | 767123898 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 461208841 | EIN |
| Primary Activity | job interview svc | PrimaryActivity |
| Legal Domicile State | TX | LegalDomicileState |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BHESC | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Type Of Entity | c corp | TypeOfEntity |
| Controlled Org | false | ControlledOrg |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | false | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | false | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | false | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | false | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | false | LoansOrGuaranteesFromOtherOrg |
| Dividends Related Organization | false | DividendsRelatedOrganization |
| Sale Of Assets To Other Org | false | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | false | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | false | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | false | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | false | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | false | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | true | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | false | SharingOfFacilities |
| Sharing Of Paid Employees | false | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | false | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | false | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | false | OtherTransferToOtherOrg |
| Other Transfer From Other Org | false | OtherTransferFromOtherOrg |
Transactions Related Orgs Table TransactionsRelatedOrgsTable
Name Of Other Organization NameOfOtherOrganization
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BRAZOS HIGHER EDUCATION SERVICE CORPORATION | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Transaction Type | m | TransactionType |
| Amount Involved | 1296262 | AmountInvolved |
| Method Of Amt Determination | fmv | MethodOfAmtDetermination |
Comments