2011-07-13T16:08:31-05:00 2010-08-31 JOHNSON & SHELDON PC PO BOX 509 AMARILLO TX 791050509 990 2009-09-01 752059556 PANHANDLE-PLAINS STUDENT FINANCE CORPORATION PANH 8063244100 1303 23RD STREET CANYON TX 79015 JIMMY PARKER 8063244100 2011-07-05 RICHARD W BLANKENSHIP 8063717661 2011-07-05 2009 2016-02-24 21:20:13Z JIMMY PARKER 1303 23RD STREET CANYON TX 79015 5192859 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 6767897 5182419 1208651 7940 57 2500 7976605 5192859 0 0 0 0 0 5940616 3363175 5940616 3363175 2035989 1829684 122638128 103006481 109767994 88306663 12870134 14699818 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 3283798 5182419 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. 3283798 true false false false false false false false false true 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 true 1 0 true 0 false false false false false false false false false 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 BILL FORBES 2.00 X 0 0 0 ANN DUNCAN 2.00 X 0 0 0 JAN BENTON 2.00 X 0 0 0 PAUL K HENDERSON 2.00 X 0 0 0 QUINN ALEXANDER 2.00 X 0 0 0 NEAL COMBS 1.00 X 0 192952 30872 JOHN WRIGHT 1.00 X 0 120069 14776 BEVERLY COTTINGHAM 2.00 X 0 0 0 RON GAMMAGE 2.00 X 0 0 0 TERRY LANGEHANNIG 1.00 X X 0 281208 33161 594229 78809 4 true true false PPMSC 1303 23RD STREET CANYON TX 79015 LOAN/MGT/OPER 774125 1 STUDENT LOAN INTEREST - NET 522299 4479160 4479160 LOAN ORIGINATION FEE AMORTIZA 522299 394893 394893 ECASLA LOAN SERVICING REVENUE 522299 308366 308366 5182419 7940 7940 OTHER INCOME 2500 2500 2500 5192859 5184919 7940 108407 54204 54203 1770583 1770583 CONSOLIDATION FEES 677841 677841 LOAN SERVICING FEES 601172 601172 MAINTENANCE & OPERATING F 167225 167225 TRUSTEE FEES 25174 25174 MISCELLANEOUS EXPENSES 21149 21149 -8376 -8376 3363175 3283798 79377 0 1832467 3729119 4704083 5112490 2931239 2659987 112932518 91280930 1330 5656 236491 218299 122638128 103006481 532938 133859 97000000 88200000 12235056 -27196 109767994 88306663 X 921108 1130611 11949026 13569207 12870134 14699818 122638128 103006481 X false true true X true true X 7267987 8188557 7683359 6767897 5182419 35090219 7267987 8188557 7683359 6767897 5182419 35090219 35090219 531509 488354 193171 1208651 7940 2429625 531509 488354 193171 1208651 7940 2429625 772 57 2500 3329 7799496 8676911 7877302 7976605 5192859 37523173 0.93520 0.92900 0.06000 0.07000 X false false false false false false false false false false DEFERRED LOAN ORIGINATION FEES 203829 ACCRUED INTEREST PAYABLE 106186 ECASLA LOAN PARTICIPATION ARRANGEMNT LINE OF CREDIT ARRANGEMENT UNAMORTIZED ORIGINAL ISSUE DISCOUNT -337211 -27196 5192859 3363175 1829684 1829684 5192859 5192859 5192859 3363175 3363175 3363175 X false false false false false false false false false NEAL COMBS 192952 30872 223824 TERRY LANGEHANNIG 281208 33161 314369 446392 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 11 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 SCHEDULE O FORM 990, PART IV, LINE 28C - DIRECTOR ACTING AS OFFICER OF AN ENTITY DOING BUSINESS WITH PPSFC DIRECTOR JAN BENTON IS AN OFFICER FOR AMARILLO NATIONAL BANK, WHOM PPSFC HAD A LINE OF CREDIT. SHE ABSTAINED FROM VOTING ON ANY MATTERS RELATING TO AMARILLO NATIONAL BANK OR THE LINE OF CREDIT. SCHEDULE J, LINE 3 - QUESTIONS REGARDING COMPENSATION THE PPSFC BOARD DOES NOT APPROVE COMPENSATION OF THE EXECUTIVE DIRECTOR, BUT IT DOES APPROVE THE MANAGEMENT CONTRACT WITH PANHANDLE-PLAINS MANAGEMENT & SERVICING CORPORATION (PPMSC) WHICH PAYS THE EXECUTIVE DIRECTOR/CEO'S COMPENSATION. SCHEDULE O - ADDITIONAL INFORMATION THE PPSFC BOARD IS DIRECTING MANAGEMENT TO DEVELOP A WRITTEN DOCUMENT RETENTION AND DESTRUCTION POLICY. PANHNADLE-PLAINS HIGHER EDUCATION AUTHORITY 1303 23RD STREET CANYON TX 79015 237025386 STUD LOANS TX 501 11A NA 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 774125