2012-07-11T09:16:04-05:00 2011-08-31 JOHNSON & SHELDON PC PO BOX 509 AMARILLO TX 791050509 990 2010-09-01 752059556 PANHANDLE-PLAINS STUDENT FINANCE CORPORATION PANH 8063244100 1303 23RD STREET CANYON TX 79015 JIMMY PARKER 8063244100 2012-07-02 true RICHARD W BLANKENSHIP 8063717661 2012-07-03 2010 2016-02-24 21:20:13Z JIMMY PARKER 1303 23RD STREET CANYON TX 79015 4361185 false X WWW.PPSFC.ORG X 1985 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. 7 7 0 0 0 5182419 4354325 7940 6860 2500 0 5192859 4361185 0 0 0 0 0 3363175 2734076 3363175 2734076 1829684 1627109 103006481 90603374 88306663 74276447 14699818 16326927 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 2615412 4354325 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. 2615412 true false false false false false false false false false false false false false true false 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 false false false false true 2 0 true 0 false false false false false false false false false false X 7 7 false true false false false false false true true false false true true true true true false true true false X JIMMY PARKER 8063244100 1303 23RD STREET CANYON TX 79015 X X BILL FORBES 2.00 X 0 0 0 ANN DUNCAN 2.00 X X 0 0 0 JAN BENTON 2.00 X X 0 0 0 PAUL K HENDERSON 2.00 X 0 0 0 BEVERLY COTTINGHAM 2.00 X 0 0 0 QUINN ALEXANDER 2.00 X X 0 0 0 RON GAMMAGE 2.00 X 0 0 0 JIMMY PARKER 40.00 X 0 171339 8512 JOHN WRIGHT 40.00 X 0 160473 9806 ZACH BELL 40.00 X 0 111172 6310 NEAL COMBS 40.00 X 0 553687 10246 996671 34874 true true false PPMSC 1303 23RD STREET CANYON TX 79015 LOAN/MGT/OPER 670252 1 STUDENT LOAN INTEREST - NET 522299 4090592 4090592 LOAN ORIGINATION FEE AMORTIZA 522299 203829 203829 ECASLA LOAN SERVICING REVENUE 522299 59904 59904 4354325 6860 6860 4361185 4354325 6860 50490 25245 25245 48410 24205 24205 12000 6000 6000 1486202 1486202 CONSOLIDATION FEES 608356 608356 LOAN SERVICING FEES 453863 453863 MAINTENANCE & OPERATING F 140046 140046 TRUSTEE FEES 42281 42281 BACKUP ADMINISTRATION FEE 20933 20933 -128505 -128505 2734076 2615412 118664 0 3729119 2228396 5112490 3229870 2659987 2167382 91280930 82775242 5656 2376 218299 200108 103006481 90603374 133859 100105 88200000 74400000 -27196 -223658 88306663 74276447 X 1130611 796869 13569207 15530058 14699818 16326927 103006481 90603374 1627109 X false true true X true true X 8188557 7683359 6767897 5182419 4354325 32176557 8188557 7683359 6767897 5182419 4354325 32176557 32176557 488354 193171 1208651 7940 6860 1904976 488354 193171 1208651 7940 6860 1904976 772 57 2500 3329 8676911 7877302 7976605 5192859 4361185 34084862 0.94400 0.93520 0.06000 0.06000 X false false false false false false false false false false ACCRUED INTEREST PAYABLE 91797 DEFERRED LOAN ORIGINATION FEES UNAMORTIZED ORIGINAL ISSUE DISCOUNT -315455 -223658 4361185 2734076 1627109 1627109 4361185 4361185 4361185 2734076 2734076 2734076 X true false X X false false false false false false false false false JIMMY PARKER 138694 32645 8512 179851 161074 JOHN WRIGHT 128973 31500 9806 170279 134845 NEAL COMBS 293687 260000 10246 563933 223824 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 STUDENT FINANCE CORPORATION (PPSFC) HAS A CONTRACT WITH PANHANDLE-PLAINS MANAGEMENT & SERVICING CORPORATION (PPMSC) TO PROVIDE FOR SERVICING ADMINISTRATION. PPSFC HAS NO EMPLOYEES. THERE ARE TWO ELEMENTS IN THE FEES PAID -- SERVICING FEES AND ADMINISTRATIVE AND MAINTENANCE FEES (M&O). ORGANIZATION'S PROCESS USED TO REVIEW FORM 990 FORM 990, PAGE 6, PART VI, LINE 11B THE BOARD OF DIRECTORS OF PPSFC 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 PPSFC 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 PPSFC'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 PPSFC BOARD DOES NOT APPROVE COMPENSATION OF THE EXECUTIVE DIRECTOR, BUT IS DOES APPROVE THE MANAGEMENT CONTRACT WITH PANHANDLE-PLAINS MANAGEMENT & SERVICE CORPORATION WHICH IS PAYS THE EXECUTIVE DIRECTOR/ CEO'S COMPENSATION. PANHNADLE-PLAINS HIGHER EDUCATION AUTHORITY 1303 23RD STREET CANYON TX 79015 237025386 STUD LOANS TX 501C3 11A NA false PPMSC 1303 23RD STREET CANYON TX 79015 752832311 LOAN SERV. TX NA C CORP false false false false false false false false false false false true true true false false false false PPMSC L 670252 SER MANG CONTRACT