2012-07-11T09:16:04-05:00 2011-08-31 JOHNSON & SHELDON PC PO BOX 509 AMARILLO TX 791050509 990 2010-09-01 237025386 PANHANDLE-PLAINS HIGHER EDUCATION AUTHORITY INC 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 49422769 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 46380891 45954190 135150 231007 179510 3237572 46695551 49422769 0 0 0 0 0 53244846 46195892 53244846 46195892 -6549295 3226877 1858045121 1597691120 1757505724 1493924846 100539397 103766274 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 45539731 45954190 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. 45539731 true false false true 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 true false false 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 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 X DR RON HINER 2.00 X 0 0 0 DR KENNETH VAN DOREN 2.00 X X 0 0 0 TAMMY ROARK 2.00 X X 0 0 0 MICHAEL P RYAN 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 LARRY M ALLEY 2.00 X 0 0 0 WOODY GILLILAND 2.00 X 0 0 0 JEFF BROWN 2.00 X 0 0 0 JIMMY PARKER 40.00 X 0 171359 8512 JOHN WRIGHT 40.00 X 0 160473 9806 ZACH BELL 40.00 X 0 111172 6310 NEAL COMBS 40.00 X X 0 553687 10246 996691 34874 true true false PPMSC 1303 23RD ST CANYON TX 79015 LOAN/MGT/OPER 15719779 CAMERON MCEVOY PLLC 11325 RANDOM HILLS RD STE 200 FAIRFAX VA 22030 LEGAL FEES 660121 CITIGROUP GLOBAL MARKETING INC 388 GREENWICH ST NEW YORK NY 10013 BOND REMARKETIN 243815 WELLS FARGO 625 MARQUETTE 16TH FLOOR MINNEAPOLIS MN 55479 AGENT/TRUST FEE 230773 FULBRIGHT AND JAWORSKI 1301 MCKINNEY STE 5100 HOUSTON TX 77010 LEGAL FEES 203803 7 STUDENT LOAN INTEREST-NET 522299 43970625 43970625 EXCESS EARNINGS EXPENSE 522299 1751167 1751167 ARBITRAGE REBATES 522299 232398 232398 45954190 231007 231007 OTHER INCOME 522299 3237572 3237572 3237572 49422769 49191762 231007 69725 34863 34862 69000 34500 34500 262016 131008 131008 19348049 19348049 CONSOLIDATION FEES 8327189 8327189 MAINTENANCE & OPERATING F 8288130 8288130 LOAN SERVICING FEES 5610160 5610160 DEBT FORGIVENESS 2145555 2145555 AMORTIZATION OF ISSUANCE 1154339 1154339 921729 465938 455791 46195892 45539731 656161 0 8570176 7656143 98585861 78091852 40333728 34119851 1689937364 1458768009 143631 51016 2000000 2000000 18474361 17004249 1858045121 1597691120 6050241 4439220 35451596 763150000 418130000 930698906 1054707130 57606577 -18803100 1757505724 1493924846 X 8713807 7707159 91825590 96059115 100539397 103766274 1858045121 1597691120 3226877 X false true true X true true X X X X false false false CITY OF HEREFORD TX 750005575 6 true true true 0 1 false false false false false false false false false false true 75000 false false 75000 false false false false false false false false false false false false false false false LINE OF CREDIT ARRANGEMENT UNAMORTIZED ORIGINAL ISSUE DISCOUNT -18803100 -18803100 49422769 46195892 3226877 3226877 49422769 49422769 49422769 46195892 46195892 46195892 X true false X X false false false false false false false false false JIMMY PARKER 138694 32665 8512 179871 161074 JOHN WRIGHT 128973 31500 9806 170279 134845 NEAL COMBS 293687 260000 10246 563933 223824 2003A3 TAX EXEMPT BONDS 237025386 698476DQ8 2003-03-26 44400000 STUDENT LOAN FINANCING false true false 2004 A3 A4 TAX EXEMPT BONDS 237025386 698476DU9 2004-02-10 88600000 STUDENT LOAN FINANCING false true false 2005 A4 A5 TAX EXEMPT BONDS 237025386 698476DZ8 2005-12-16 140300000 STUDENT LOAN FINANCING false true false 2006 A1 TAX EXEMPT BONDS 237025386 698476EB0 2006-04-25 52450000 STUDENT LOAN FINANCING false true false 11600000 9327 2003 true false true true 25300000 26338 2004 true false true true 79300000 127733 2006 false false true true 16300000 45790 2006 false false true true false false false false false true false false false false false true false false false false false true false false false false false true true true false true VARIOUS true false false true true false true VARIOUS true false false true true false true VARIOUS true false false true true false true VARIOUS true false false 2003A3 TAX EXEMPT BONDS 237025386 698476DQ8 2003-03-26 44400000 STUDENT LOAN FINANCING false true false 2004 A3 A4 TAX EXEMPT BONDS 237025386 698476DU9 2004-02-10 88600000 STUDENT LOAN FINANCING false true false 2005 A4 A5 TAX EXEMPT BONDS 237025386 698476DZ8 2005-12-16 140300000 STUDENT LOAN FINANCING false true false 2006 A1 TAX EXEMPT BONDS 237025386 698476EB0 2006-04-25 52450000 STUDENT LOAN FINANCING false true false 11600000 9327 2003 true false true true 25300000 26338 2004 true false true true 79300000 127733 2006 false false true true 16300000 45790 2006 false false true true false false false false false true false false false false false true false false false false false true false false false false false true true true false true VARIOUS true false false true true false true VARIOUS true false false true true false true VARIOUS true false false true true false true VARIOUS true false false 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 PPHEA 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 PPSFC BOARD DOES NOT APPROVE COMPENSATION OF THE EXECUTIVE DIRECTOR, BUT IT DOES APPROVE THE MANAGMENT 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 MANAGEMENT PANHANDLE-PLAINS MANAGEMENT 1303 23RD STREET CANYON TX 79015 752832311 SERV STUD TX NA C CORP false false false false false false false false false false false true true true false false false false PPMSC L 15719779 SER MANG CONTRACT