2014-07-14T14:37:12-05:00 2013-08-31 JOHNSON & SHELDON PC PO BOX 509 AMARILLO TX 791050509 990 2012-09-01 237025386 PANHANDLE-PLAINS HIGHER EDUCATION AUTHORITY INC PANH 8063244100 1303 23RD STREET CANYON TX 79015 JIMMY PARKER 8063244100 2014-07-07 true RICHARD W BLANKENSHIP 8063717661 2014-07-14 2012 2015-11-30 17:44:51Z JIMMY PARKER 1303 23RD STREET CANYON TX 79015 31995986 false X WWW.PPHEA.ORG X 1979 TX PROVIDING FUNDS FOR THE PURCHASE OF STUDENT LOANS AT THE POST-SECONDARY LEVEL, AND TO PROVIDE PROCEDURES FOR THE SERVICING OF SUCH LOANS AS REQUIRED FOR CONTINUED PARTICIPATION IN THE FEDERAL FAMILY EDUCATION LOAN PROGRAM UNDER THE HIGHER EDUCATION ACT OF 1965. 11 11 0 0 0 41214310 31768700 163103 148805 462262 78481 41839675 31995986 56250 0 0 0 0 0 42604490 31949321 42660740 31949321 -821065 46665 1384422238 1166341868 1281477029 1063349994 102945209 102991874 X PROVIDING FUNDS FOR THE PURCHASE OF STUDENT LOANS AT THE POST-SECONDARY LEVEL, AND TO PROVIDE PROCEDURES FOR THE SERVICING OF SUCH LOANS AS REQUIRED FOR CONTINUED PARTICIPATION IN THE FEDERAL FAMILY EDUCATION LOAN PROGRAM UNDER THE HIGHER EDUCATION ACT OF 1965. false false 31593961 31768700 PROVIDING FUNDS FOR THE PURCHASE OF STUDENT LOANS AT THE POST-SECONDARY LEVEL, AND TO PROVIDE PROCEDURES FOR THE SERVICING OF SUCH LOANS AS REQUIRED FOR CONTINUED PARTI- CIPATION IN THE FEDERAL FAMILY EDUCATION LOAN PROGRAM UNDER THE HIGHER EDUCATION ACT OF 1965. 31593961 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 true false false false false false false false false false false false false false false false true false false false true 4 0 true 0 false false false false false false false false false false X 11 11 false true false false false true true true true false false true true true true true false true true false X JIMMY PARKER 8063244100 1303 23RD ST CANYON TX 79015 X DR RON HINER 2.00 X X 0 0 0 DR KENNETH VAN DOREN 2.00 X 0 0 0 TAMMY ROARK 2.00 2.00 X X 0 0 0 MICHAEL P RYAN 2.00 2.00 X X 0 0 0 JON D DRAKE 2.00 X 0 0 0 DR RON MILLER 2.00 X 0 0 0 CAROLYN WATERS 2.00 X 0 0 0 LYNDA TINSLEY 2.00 X 0 0 0 RITA CRADDOCK 2.00 X 0 0 0 WOODY GILLILAND 2.00 X 0 0 0 JEFF BROWN 2.00 X 0 0 0 JIMMY PARKER 5.00 35.00 X 0 181470 6356 ZACH BELL 20.00 20.00 X 0 111133 14758 292603 21114 false true false PANHANDLE-PLAINS MGT & SERV CORP 1303 23RD ST CANYON TX 79015 LOAN/MGT/OPER 12833482 SQUIRE SANDERS (US) LLP PO BOX 643051 CINCINNATI OH 45264 LEGAL 244164 WELLS FARGO 625 MARQUETTE 16TH FLOOR MINNEAPOLIS MN 55479 AGENT/TRUST FEE 149520 3 STUDENT LOAN INTEREST-NET 522298 31768700 31768700 31768700 148805 148805 OTHER INCOME 522298 78481 78481 78481 31995986 31847181 148805 104244 52122 52122 52000 26000 26000 85228 42614 42614 13527308 13527308 21047 21047 MAINTENANCE & OPERATING F 6841008 6841008 CONSOLIDATION FEES 6795893 6795893 LOAN SERVICING FEES 4394035 4394035 AMORTIZATION OF ISSUANCE 675722 675722 -547164 -781788 234624 31949321 31593961 355360 0 9035227 7257827 93984519 46540365 23921205 20847960 1238183943 1077640582 1667 845 4277807 2207061 15017870 11847228 1384422238 1166341868 5833408 3484252 40773705 37483277 160735000 132900000 1111479000 923521000 -37344084 -34038535 1281477029 1063349994 X 11039910 9594969 91905299 93396905 102945209 102991874 1384422238 1166341868 46665 X false true X true true true X X X X false false false CITY OF HEREFORD TX 750005575 6 true true true 0 1 UNAMORTIZED ORIGINAL ISSUE DISCOUNT -34038535 -34038535 X 31995986 31995986 31995986 31949321 31949321 31949321 LIABILITY UNDER FIN 48 FOOTNOTE SCHEDULE D, PAGE 3, PART X THE AUTHORITY IS EXEMPT FROM FEDERAL INCOME TAX UNDER INTERNAL REVENUE SERVICE (IRS) CODE SECTION 501(C)(3). AS SUCH, NO PROVISION FOR FEDERAL INCOME TAXES HAS BEEN PROVIDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. MANAGEMENT EVALUATED THE AUTHORITYS TAX POSITIONS AND CONCLUDED THAT THE AUTHORITY 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 AUTHORITY IS NO LONGER SUBJECT TO INCOME TAX EXAMINATION BY THE U.S. FEDERAL TAX AUTHORITIES FOR YEARS ENDING BEFORE 2010. X true false X false false false false false false false false false JIMMY PARKER 151470 30000 6356 187826 A 2010-1 TRUST INDENT A-1A-2A-3A-4 237025386 698476EV6 2010-11-17 208200000 STUDENT LOAN FINANCING false true false A 75300000 219807571 332244 1667200 217808126 2010 true false true true A false false false false false false false true A false true false false true false false false true A true ORGANIZATION'S MISSION FORM 990 - ORGANIZATION'S MISSION PROVIDING FUNDS FOR THE PURCHASE OF STUDENT LOANS AT THE POST-SECONDARY LEVEL, AND TO PROVIDE PROCEDURES FOR THE SERVICING OF SUCH LOANS AS REQUIRED FOR CONTINUED PARTICIPATION IN THE FEDERAL FAMILY EDUCATION LOAN PROGRAM UNDER THE HIGHER EDUCATION ACT OF 1965. MANAGEMENT DELEGATED FORM 990, PAGE 6, PART VI, LINE 3 PANHANDLE PLAINS HIGHER EDUCATION AUTHORITY (PPHEA)HAS A CONTRACT WITH PANHANDLE-PLAINS MANAGEMENT & SERVICING CORPORATION (PPMSC) TO PROVIDE FOR SERVICING ADMINISTRATION. PPHEA HAS NO EMPLOYEES. THERE ARE TWO ELEMENTS IN THE FEES PAID -- SERVICING FEES AND ADMINISTRATIVE AND MAINTENANCE FEES (M&O). ELECTION OF MEMBERS AND THEIR RIGHTS FORM 990, PAGE 6, PART VI, LINE 7A HEREFORD, TEXAS CITY COUNCIL ELECTS AND APPOINTS BOARD MEMBERS. DECISIONS SUBJECT TO APPROVAL OF MEMBERS FORM 990, PAGE 6, PART VI, LINE 7B HEREFORD, TEXAS CITY COUNCIL ELECTS AND APPOINTS BOARD MEMBERS. ORGANIZATION'S PROCESS USED TO REVIEW FORM 990 FORM 990, PAGE 6, PART VI, LINE 11B THE BOARD OF DIRECTORS OF THE PANHANDLE-PLAINS HIGHER EDUCATION AUTHORITY 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. ENFORCEMENT OF CONFLICTS POLICY FORM 990, PAGE 6, PART VI, LINE 12C THE BOARD MEMBERS OF PPHEA ARE REQUIRED TO UPDATE THEIR CONFLICT OF INTEREST STATEMENTS AT THE ANNUAL BOARD OF DIRECTORS MEETING. A RECORD OF THIS IS KEPT IN THE MINUTES OF THE BOARD MEETING. COMPENSATION PROCESS FOR TOP OFFICIAL FORM 990, PAGE 6, PART VI, LINE 15A THE EXECUTIVE DIRECTOR AND OTHER PERSONNEL ARE EMPLOYEES OF PANHANDLE-PLAINS MANAGEMENT & SERVICING CORPORATION (PPMSC). THE SALARIES OF THESE INDIVIDUALS ARE ESTABLISHED BY PPMSC. COMPENSATION PROCESS FOR OFFICERS FORM 990, PAGE 6, PART VI, LINE 15B THE EXECUTIVE DIRECTOR AND OTHER PERSONNEL ARE EMPLOYEES OF PANHANDLE-PLAINS MANAGEMENT & SERVICING CORPORATION (PPMSC). THE SALARIES OF THESE INDIVIDUALS ARE ESTABLISHED BY PPMSC. GOVERNING DOCUMENTS DISCLOSURE EXPLANATION FORM 990, PAGE 6, PART VI, LINE 19 PPHEA'S ANNUAL AUDITED FINANCIAL STATEMENTS ARE AVAILABLE ON ITS WEBSITE. THE GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST. ARTICLES OF INCORPORATION AND PUBLIC DOCUMENTS ARE PUBLIC INFORMATION AND ARE AVAILABLE FROM THE SECRETARY OF STATE. ADDITIONAL INFORMATION FORM 990, PART VII SCHEDULE J, LINE 3 - QUESTIONS REGARDING COMPENSATION THE PPHEA BOARD DOES NOT APPROVE COMPENSATION OF THE EXECUTIVE DIRECTOR, BUT IT DOES APPROVE THE MANAGEMENT CONTRACT WITH PANHANDLE-PLAINS MANAGEMENT & SERVICING COPRORATION WHICH PAYS THE EXECUTIVE DIRECTOR/ CEO'S COMPENSATION. PANHANDLE-PLAINS STUDENT FINANCE CORPORATION 1303 23RD STREET CANYON TX 79015 752059556 STUD LOANS TX 501C3 9 NA N/A false PANHANDLE-PLAINS MGT & SERV CORP 1303 23RD STREET CANYON TX 79015 455543346 STUD LOANS TX 501C3 11A N/A false false false false false false false false false false false false false true false false false false false false PANHANDLE-PLAINS MGT & SERV CORP M 12833482 MGNT SERV CONTRACT