2012-03-30T14:08:57-07:00 2011-08-31 990 2010-09-01 751661098 HIGHER EDUCATION SERVICING CORPORATION HIGH 8172659158 1250 E Copeland Road Suite 200 Arlington TX 760114921 Kathryn Bryan 8172659158 2012-03-30 2010 2016-02-24 21:20:13Z Kathryn Bryan 1250 E Copeland Road Suite 200 Arlington TX 76011 10862883 0 X X 1978 TX Provides student loans and life of loan servicing of student loans under agreements with note holders operating as Higher Educucation Authorities and financial institutions. Also provides its own small independent student loan program. HESC is responsible for the reporting, collection, and accounting for the loans. HESC also provides outreach sevices for North Texas. 4 4 42 0 0 0 0 111430 14845923 10727246 12997 24207 0 0 14858920 10862883 0 0 0 0 3888372 3489817 0 0 0 6058792 5386817 9947164 8876634 4911756 1986249 23027160 24856959 800729 644279 22226431 24212680 HESC fosters quality servicing for student loans, encourages and promotes student enrollment at post-secondary level institutions and to the extent possible provides support to associations, trusts, foundations and institutions operated for purposes described in sections 170 (c) (2) and 501 (c) (3) of the Code. 0 0 8255159 0 10838676 Servicing and development of computer systems to service student loans. Program administrator for loans held by NTHEA. Servicing of loans held by other financial institutions. Own and service a small portfolio of student loans not covered by the federal education programs. 0 0 0 Outreach activities to local and regional students preparing for post secondary education. 0 0 0 8255159 1 0 0 1 0 0 0 0 0 0 1 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 27 0 1 42 1 0 0 0 0 0 0 0 0 0 1 1 0 0 X 4 4 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X Kathryn Bryan 8172659158 1250 E Copeland Road Suite 200 Arlington TX 760114921 Kenneth D Woods 0.25 X X 800 0 0 Jerry Lytle 0.25 X X 400 0 0 Judy Schneider 0.25 X X 800 0 0 June Hagler 0.25 X 800 0 0 Kathryn Bryan 50 X X X 248651 0 38850 Phillip Wambsganss 40 X 123208 0 23017 Rhonda Huntley 40 X 125200 0 23276 Robert Sandlin 40 X 105886 0 20765 Robert Lamberson 40 X 105013 0 20652 710758 0 126560 4 0 1 0 Edfinancial Services PO Box 36014 Knoxville TN 37930 Loan Servicing Bureau 2822890 WF Tower-Dallas LLC 1250 E Copeland Road Suite 550 Arlington TX 76011 Office Lease 465477 Nelnet Loan Services 1215 13th Street Suite 201 Lincoln NE 68508 Loan Servicing Bureau 781840 5280 Solutions 457 New Karner Road Alnany NY 12205 System Provider 259194 Direct Mail Partners 1505 Wallace Suite 154 Carrollton TX 75006 Postage and printing 234810 8 0 0 0 0 111430 0 0 111430 Loan Origination and Servicing 611710 7035768 7035768 0 0 Loan Billing Fees 611710 3557979 3557979 0 0 Student Loan Income 525990 133499 133499 0 0 0 0 0 0 10727246 24207 0 0 24207 0 0 0 0 0 0 0 0 0 0 0 0 0 0 10862883 10727246 0 24207 0 0 0 0 0 0 0 0 710758 618596 92162 0 0 0 0 0 1948335 1695701 252634 0 314608 273817 40791 0 327636 285152 42484 0 188480 164038 24442 0 73751 48530 25221 0 48743 44251 4492 0 99919 99919 0 0 450 450 0 0 0 0 0 0 3839602 3839602 0 0 12071 12071 0 0 453694 394714 58980 0 113790 82785 31005 0 0 0 0 0 483782 464430 19352 0 49988 42218 7770 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 98476 85674 12802 0 44429 38653 5776 0 Dues and Subscriptions 46560 46560 0 0 Doubtful Account Expense -10890 -10890 0 0 Miscellaneous Expense 5033 5033 0 0 Bank Fees 27419 23855 3564 0 0 0 0 0 8876634 8255159 621475 0 300 300 10972628 13458324 0 0 585327 466713 49892 44715 1083680 1056048 120967 27632 0 0 0 0 11277648 10843583 0 0 20398 15692 23027160 24856959 800729 644279 0 0 0 800729 644279 X 22226431 24212680 0 0 0 0 22226431 24212680 23027160 24856959 1986249 0 X 0 1 1 X 0 X X X X 0 0 0 City of Arlington Texas 756004503 6 1 1 1 0 City of Denton Texas 756000514 6 1 1 1 0 2 0 0 0 0 0 0 1 450 0 0 0 450 0 SchC_P2B_S00_L01 Schedule C, Part II-B, Line 1 HESC is an associate member of the Education Finance Council, a 501(c)(6) organization that spends 5% of its revenues on lobbying activities. The $450 represents the equivilent amount of lobbying expense paid by HESC through its membership dues. 0 0 0 0 0 0 0 112606 0 111439 1167 971074 0 944609 26465 0 0 0 0 27632 Student Loan Notes Receivable - Net 4004274 C System Development 6839309 C 10843583 10862883 8876634 1986249 0 0 0 0 0 0 1986249 10862883 0 0 0 0 0 10862883 0 0 0 10862883 8876634 0 0 0 0 0 8876634 0 0 0 8876634 X X X 0 0 0 0 0 0 0 0 0 Kathryn Bryan 200000 0 48651 0 0 0 31850 0 7000 0 287501 0 307155 0 F990_P06_S0B_L11a Form 990, Part VI, Section B, Line 11a Form 990 is prepared by the HESC Director of Accounting, reviewed by the HESC CFO and CEO, and forwarded to the HESC Board President for review before it is filed. F990_P06_S0B_L12c Form 990, Part VI, Section B, Line 12c HESC's General Counsel attends every Board meeting. The General Counsel reviews the conflict of interest policy with the Board members on an annual basis and enforces compliance with the policy. F990_P06_S0B_L15 Form 990, Part VI, Section B, Line 15 The Board of Directors is provided industry related salary surveys and information prepared by third parties. Comparable jobs and salaries are reviewed prior to annual budget salaries being set. F990_P06_S0C_L17 Form 990, Part VI, Section C, Line 17 HESC is a non-profit corporation formed under the laws of the State of Texas. Texas has no requirement for filing Form 990. F990_P06_S0C_L19 Form 990, Part VI, Section C, Line 19 HESC provides its audited financial statements and reports to the public upon written request. HESC does not make its governing documents and conflict of interest policy available to the public. HESC INC 1250 E Copeland Road Suite 200 Arlington TX 760114921 752209271 Marketing Student Loans TX 0 66 Higher Education Servicing Corporation HESC is a tax exempt organization. The HESC 990 for Tax Year 2010 was due January 17, 2012. However the IRS issued Notice IR-2011-120 in December 2011 which advised that the IRS e-file system would not be available from January 1, 2012 through February 29, 2012, thus could not accept electronic returns during this time. The notice granted an automatic extention to March 30, 2012 for TE filers whose filing due date for returns is January 17, 2012 or February 15, 2012.