BRAZOS EDUCATION LOAN AUTHORITY INC

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Plain text BRAZOS EDUCATION LOAN AUTHORITY INC. furp.org, nonprofit organization profile, tax years 2012–2024. https://furp.org/org/brazos-education-loan-authority-inc-203868073. Retrieved 2026-10-22.

APA furp.org. (n.d.). BRAZOS EDUCATION LOAN AUTHORITY INC [Nonprofit organization profile; tax years 2012–2024]. Retrieved October 22, 2026, from https://furp.org/org/brazos-education-loan-authority-inc-203868073

MLA “BRAZOS EDUCATION LOAN AUTHORITY INC.” furp.org, tax years 2012–2024, https://furp.org/org/brazos-education-loan-authority-inc-203868073. Accessed 22 Oct. 2026.

Retrieved 2026-10-22; covers tax years 2012–2024. Data: furp.org, CC BY 4.0.

2024 · Form 990 · revenue $62.1M · expenses $51.2M · assets $815.5M

EIN: 20-3868073
Address: 5609 CROSSLAKE PKWY, WACO, TX 76712-5500
Website: WWW.STUDENTLOANS.COM
NTEE code: B82
Exempt type: 501(c)(3): charitable, religious, educational, scientific or literary (corporation)
Ruling date: October 2006 (when the IRS recognized its exemption)
IRS status: Exempt (unconditional) (IRS Business Master File) IRS data ↗
Tax-deductible donations: Yes: listed in IRS Publication 78 (public charity) Pub 78 ↗
Foundation status: Public charity, 509(a)(2)
Principal officer: Murray Watson Jr (its 2011 Form 990-N)
Form 990-N e-postcards: 1 filed, 2011 (organizations with gross receipts normally $50,000 or less file this instead of a full Form 990) IRS data ↗
Cross-check: ProPublica Nonprofit Explorer

Mission

BRAZOS EDUCATION LOAN AUTHORITY, INC.'S MISSION IS TO MAKE EDUCATION A REALITY BY SUPPORTING PROGRAMS AND INITIATIVES TO FINANCE EDUCATIONAL OPPORTUNITIES.

Each tax year counts once: when a return was amended, only the latest return for that period is used below (superseded returns stay listed, greyed, under Finances).

People paid by the organization

15 people paid across every filing: current people first, then by total pay from this organization. Organizations counts every nonprofit each person appears on.

Name	Latest title	Years	Latest year pay	Total pay from here	Organizations
Thomas Litle	PRESIDENT/CEO	2012-2024	$994,139	$7,922,715	17
Ricky Turman	EVP/COO/CFO/TREASURER	2012-2024	$760,999	$7,647,965	19
Tammy Harralson	CONTROLLER	2012-2024	$330,301	$3,390,302	15
Darrell Brooks	ASSISTANT TREASURER	2014-2024	$300,016	$2,418,197	10
Kelli Uttech	EVP, GENERAL COUNSEL	2020-2024	$543,912	$2,286,863	9
Tiffany Jones	SECRETARY	2021-2024	$151,899	$495,761	9
Murray Watson (former)	President (End: 07/24/18)	2012-2018	$2,633,340	$5,955,637	15
Murry Watson (former)	PRESIDENT/GEN COUNSEL	2013-2014	$1,085,968	$2,434,017	6
Ellis Tredway (former)	FORMER EVP/COO	2012-2015	$521,637	$1,387,461	14
Susan Davis (former)	Secretary End: 06/21	2012-2021	$151,680	$1,184,225	17
Murry Watson Jr (former)	PRESIDENT/GEN COUNSEL	2015	$888,234	$888,234	2
Daniel Reyna (former)	FORMER INTERNAL AUDIT DIRECTOR	2012-2015	$176,860	$669,243	17
Kelli Villarrial (former)	VP. Assoc. Gen. Counsel	2016-2017	$334,142	$650,099	13
Ellis Tredwday (former)	EVP/COO	2013	$621,193	$621,193	1
James Mcinnis (former)	FORMER ASST TREASURER	2012-2015	$120,122	$502,014	13

Officers and directors, no compensation reported

20 people listed on the returns with $0 (or no amount) in every compensation column: current people first. Hours are as filed on the latest return each person appears on.

Name	Latest title	Years	Hrs/wk (latest)	Compensation	Organizations
Claude Ervin	DIRECTOR	2012-2024	1	$0 reported	8
Charles Madden	Director	2023-2024	1	$0 reported	3
Dr Terry Maness	DIRECTOR	2012-2024	1	$0 reported	7
Jane Allen	Director	2023-2024	1	$0 reported	4
Dr DAVID MYERS	Director	2024	1	$0 reported	3
Clement Milam	DIRECTOR	2012-2024	1	$0 reported	7
Joe Nesbitt	Director	2023-2024	1	$0 reported	10
Justin Wiethorn	Director	2023-2024	1	$0 reported	3
Brent Helm	Director	2023-2024	1	$0 reported	2
Charles Reed	Director	2023-2024	1	$0 reported	2
Donald Schmeltekopf	Director	2023-2024	1	$0 reported	2
Peter Kultgen (former)	DIRECTOR End: 04/24	2012-2023	1	$0 reported	11
Davis Myers (former)	Director	2023	1	$0 reported	1
Robert B Chambers (former)	Director	2021-2022	1	$0 reported	6
Mrs Joyce Packard (former)	DIRECTOR	2012-2020	1	$0 reported	16
Bob Chambers (former)	Director	2012-2020	1	$0 reported	13
Tom Chase (former)	Director	2012-2020	1	$0 reported	7
Wilton Lanning (former)	DIRECTOR	2012-2016	1	$0 reported	14
Ray Rushing (former)	ASST SECRETARY	2012-2014	1	$0 reported	14
Dr Dennis Michaelis (former)	DIRECTOR	2012-2013	1	$0 reported	6

People by year

2024 · 17 people listed · 6 paid, $3.1M · 0 employees · 11 volunteers

Name	Title	Hrs/wk	From org	From related	Other	Total	Orgs
THOMAS LITLE	PRESIDENT/CEO	1	$0	$895,987	$98,152	$994,139	17
RICKY TURMAN	EVP/COO/CFO/TREASURER	1	$0	$659,544	$101,455	$760,999	19
KELLI UTTECH	EVP, GENERAL COUNSEL	1	$0	$459,985	$83,927	$543,912	9
TAMMY HARRALSON	CONTROLLER	1	$0	$258,182	$72,119	$330,301	15
DARRELL BROOKS	ASSISTANT TREASURER	1	$0	$232,630	$67,386	$300,016	10
TIFFANY JONES	SECRETARY	1	$0	$119,395	$32,504	$151,899	9
Brent Helm	Director	1	$0	$0	$0	$0	2
Charles Madden	Director	1	$0	$0	$0	$0	3
Charles Reed	Director	1	$0	$0	$0	$0	2
CLAUDE ERVIN	DIRECTOR	1	$0	$0	$0	$0	8
CLEMENT MILAM	DIRECTOR	1	$0	$0	$0	$0	7
Donald Schmeltekopf	Director	1	$0	$0	$0	$0	2
Dr David Myers	Director	1	$0	$0	$0	$0	3
DR TERRY MANESS	DIRECTOR	1	$0	$0	$0	$0	7
Jane Allen	Director	1	$0	$0	$0	$0	4
Joe Nesbitt	Director	1	$0	$0	$0	$0	10
Justin Wiethorn	Director	1	$0	$0	$0	$0	3

2023 · 18 people listed · 6 paid, $2.7M · 0 employees · 12 volunteers

Name	Title	Hrs/wk	From org	From related	Other	Total	Orgs
THOMAS BEN LITLE	PRESIDENT/CEO	1	$0	$749,347	$79,508	$828,855	17
RICKY TURMAN	EVP/COO/CFO/TREASURER	1	$0	$620,836	$94,644	$715,480	19
KELLI UTTECH	EVP, GENERAL COUNSEL	1	$0	$398,669	$78,893	$477,562	9
TAMMY HARRALSON	CONTROLLER	1	$0	$246,347	$67,073	$313,420	15
DARRELL BROOKS	ASSISTANT TREASURER	1	$0	$219,241	$62,199	$281,440	10
TIFFANY JONES	SECRETARY	1	$0	$102,795	$29,339	$132,134	9
Brent Helm	Director	1	$0	$0	$0	$0	2
Charles Madden	Director	1	$0	$0	$0	$0	3
Charles Reed	Director	1	$0	$0	$0	$0	2
CLAUDE ERVIN	DIRECTOR	1	$0	$0	$0	$0	8
CLEMENT MILAM	DIRECTOR	1	$0	$0	$0	$0	7
Davis Myers	Director	1	$0	$0	$0	$0	1
Donald Schmeltekopf	Director	1	$0	$0	$0	$0	2
DR TERRY MANESS	DIRECTOR	1	$0	$0	$0	$0	7
Jane Allen	Director	1	$0	$0	$0	$0	4
Joe Nesbitt	Director	1	$0	$0	$0	$0	10
Justin Wiethorn	Director	1	$0	$0	$0	$0	3
PETER KULTGEN	DIRECTOR End: 04/24	1	$0	$0	$0	$0	11

2022 · 11 people listed · 6 paid, $2.6M · 0 employees · 5 volunteers

Name	Title	Hrs/wk	From org	From related	Other	Total	Orgs
Thomas Ben Litle	PRESIDENT/CEO	1	$0	$691,410	$73,360	$764,770	17
Ricky Turman	EVP/COO/CFO/TREASURER	1	$0	$632,670	$75,998	$708,668	19
Kelli Uttech	EVP, General Counsel	1	$0	$403,310	$70,102	$473,412	9
Tammy Harralson	CONTROLLER	1	$0	$241,428	$57,555	$298,983	15
Darrell Brooks	Assistant Treasurer	1	$0	$217,277	$53,520	$270,797	10
Tiffany Jones	SECRETARY	1	$0	$89,013	$20,110	$109,123	9
Robert B Chambers	Director	1	$0	$0	$0	$0	6
Claude Ervin	Director	1	$0	$0	$0	$0	8
Peter Kultgen	Director	1	$0	$0	$0	$0	11
Dr Terry Maness	Director	1	$0	$0	$0	$0	7
Clement Milam	Director	1	$0	$0	$0	$0	7

2021 · 12 people listed · 7 paid, $2.6M · 0 employees · 5 volunteers

Name	Title	Hrs/wk	From org	From related	Other	Total	Orgs
Thomas Ben Litle	President/CEO	1	$0	$707,065	$68,031	$775,096	17
Ricky Turman	EVP/COO/CFO/Treasurer	1	$0	$593,678	$71,273	$664,951	19
Kelli Uttech	SVP/General Counsel	1	$0	$341,729	$63,567	$405,296	9
Tammy Harralson	Controller	1	$0	$234,378	$57,610	$291,988	15
Darrell Brooks	Assistant Treasurer	1	$0	$186,941	$46,110	$233,051	10
Susan Davis	Secretary End: 06/21	1	$0	$131,448	$20,232	$151,680	17
Tiffany Jones	Secretary	1	$0	$84,031	$18,574	$102,605	9
Robert B Chambers	Director	1	$0	$0	$0	$0	6
Claude Ervin	Director	1	$0	$0	$0	$0	8
Peter Kultgen	Director	1	$0	$0	$0	$0	11
Dr Terry Maness	Director	1	$0	$0	$0	$0	7
Clement Milam	Director	1	$0	$0	$0	$0	7

2020 · 13 people listed · 6 paid, $2.3M · 0 employees · 7 volunteers

Name	Title	Hrs/wk	From org	From related	Other	Total	Orgs
THOMAS BEN LITLE	PRESIDENT/CEO	1	$0	$630,234	$67,486	$697,720	17
RICKY TURMAN	EVP/COO/CFO/TREASURER	1	$0	$576,269	$70,564	$646,833	19
KELLI UTTECH	SVP/General Counsel	1	$0	$324,004	$62,677	$386,681	9
TAMMY HARRALSON	Controller	1	$0	$210,638	$40,453	$251,091	15
DARRELL BROOKS	Assistant Treasurer	1	$0	$172,811	$43,664	$216,475	10
SUSAN DAVIS	Secretary	1	$0	$96,534	$28,681	$125,215	17
CLAUDE ERVIN	Director	1	$0	$0	$0	$0	8
BOB CHAMBERS	Director	1	$0	$0	$0	$0	13
TOM CHASE	Director	1	$0	$0	$0	$0	7
PETER KULTGEN	Director	1	$0	$0	$0	$0	11
DR TERRY MANESS	Director	1	$0	$0	$0	$0	7
CLEMENT MILAM	Director	1	$0	$0	$0	$0	7
JOYCE PACKARD	DIRECTOR	1	$0	$0	$0	$0	16

2019 · 12 people listed · 5 paid, $2.0M · 0 employees · 7 volunteers

Name	Title	Hrs/wk	From org	From related	Other	Total	Orgs
THOMAS BEN LITLE	PRESIDENT/CEO	1	$0	$663,422	$66,167	$729,589	17
RICKY TURMAN	EVP/COO/CFO/TREASURER	1	$0	$558,431	$70,150	$628,581	19
TAMMY HARRALSON	CONTROLLER	1	$0	$212,939	$54,326	$267,265	15
DARRELL BROOKS	ASSISTANT TREASURER	1	$0	$161,313	$41,293	$202,606	10
SUSAN DAVIS	SECRETARY	1	$0	$93,561	$29,386	$122,947	17
CLAUDE ERVIN	DIRECTOR	1	$0	$0	$0	$0	8
BOB CHAMBERS	DIRECTOR	1	$0	$0	$0	$0	13
TOM CHASE	DIRECTOR	1	$0	$0	$0	$0	7
PETER KULTGEN	DIRECTOR	1	$0	$0	$0	$0	11
DR TERRY MANESS	DIRECTOR	1	$0	$0	$0	$0	7
MRS JOYCE PACKARD	DIRECTOR	1	$0	$0	$0	$0	16
CLEMENT MILAM	Director	1	$0	$0	$0	$0	7

2018 · 13 people listed · 6 paid, $4.2M · 0 employees · 7 volunteers

Name	Title	Hrs/wk	From org	From related	Other	Total	Orgs
MURRAY WATSON	President (End: 07/24/18)	1	$0	$2,570,113	$63,227	$2,633,340	15
THOMAS BEN LITLE	PRESIDENT/CEO	1	$0	$446,793	$63,957	$510,750	17
RICKY TURMAN	EVP/COO/CFO/Treasurer	1	$0	$425,756	$74,547	$500,303	19
TAMMY HARRALSON	Controller	1	$0	$201,472	$47,571	$249,043	15
DARRELL BROOKS	Assistant Treasurer	1	$0	$143,863	$46,853	$190,716	10
SUSAN DAVIS	Secretary	1	$0	$89,791	$30,818	$120,609	17
CLAUDE ERVIN	Director	1	$0	$0	$0	$0	8
BOB CHAMBERS	Director	1	$0	$0	$0	$0	13
TOM CHASE	Director	1	$0	$0	$0	$0	7
PETER KULTGEN	Director	1	$0	$0	$0	$0	11
DR TERRY MANESS	Director	1	$0	$0	$0	$0	7
MRS JOYCE PACKARD	Director	1	$0	$0	$0	$0	16
CLEMENT MILAM	Chairman	1	$0	$0	$0	$0	7

2017 · 14 people listed · 7 paid, $3.0M · 0 employees · 7 volunteers

Name	Title	Hrs/wk	From org	From related	Other	Total	Orgs
Murray Watson	President	1	$0	$1,080,748	$60,121	$1,140,869	15
Ricky Turman	EVP/CFO/Treasurer	1	$0	$417,416	$74,200	$491,616	19
Thomas Ben Litle	EVP/COO	1	$0	$427,380	$59,454	$486,834	17
Kelli Villarrial	VP. Assoc. Gen. Counsel	1	$0	$282,995	$51,147	$334,142	13
Tammy Harralson	Controller	1	$0	$195,999	$43,836	$239,835	15
Darrell Brooks	Assistant Treasurer	1	$0	$143,765	$44,561	$188,326	10
Susan Davis	Secretary	1	$0	$86,403	$26,568	$112,971	17
Claude Ervin	Director	1	$0	$0	$0	$0	8
Bob Chambers	Director	1	$0	$0	$0	$0	13
Tom Chase	Vice Chairman	1	$0	$0	$0	$0	7
Peter Kultgen	Director	1	$0	$0	$0	$0	11
Dr Terry Maness	Director	1	$0	$0	$0	$0	7
Mrs Joyce Packard	Director	1	$0	$0	$0	$0	16
Clement Milam	Chairman	1	$0	$0	$0	$0	7

2016 · 15 people listed · 7 paid, $2.8M · 0 employees · 8 volunteers

Name	Title	Hrs/wk	From org	From related	Other	Total	Orgs
MURRAY WATSON	PRESIDENT	1	$0	$986,662	$61,945	$1,048,607	15
THOMAS BEN LITLE	EVP/COO	1	$0	$401,383	$72,118	$473,501	17
RICKY TURMAN	EVP/CFO/TREASURER	1	$0	$394,161	$76,111	$470,272	19
KELLI VILLARRIAL	VP, ASSOC. GEN. COUNSEL	1	$0	$261,592	$54,365	$315,957	13
TAMMY HARRALSON	CONTROLLER	1	$0	$192,387	$45,284	$237,671	15
DARRELL BROOKS	ASSISTANT TREASURER	1	$0	$139,982	$44,561	$184,543	10
SUSAN DAVIS	SECRETARY	1	$0	$85,612	$27,756	$113,368	17
CLAUDE ERVIN	DIRECTOR	1	$0	$0	$0	$0	8
BOB CHAMBERs	DIRECTOR	1	$0	$0	$0	$0	13
TOM CHASE	VICE CHAIRMAN	1	$0	$0	$0	$0	7
PETER KULTGEN	DIRECTOR	1	$0	$0	$0	$0	11
DR TERRY MANESS	DIRECTOR	1	$0	$0	$0	$0	7
MRS JOYCE PACKARD	DIRECTOR	1	$0	$0	$0	$0	16
WILTON LANNING	DIRECTOR	1	$0	$0	$0	$0	14
CLEMENT MILAM	CHAIRMAN	1	$0	$0	$0	$0	7

2015 · 17 people listed · 9 paid, $3.0M · 0 employees · 0 volunteers

Name	Title	Hrs/wk	From org	From related	Other	Total	Orgs
MURRY WATSON JR	PRESIDENT/GEN COUNSEL	1	$0	$849,956	$38,278	$888,234	2
ELLIS TREDWAY	FORMER EVP/COO	1	$0	$488,506	$33,131	$521,637	14
RICKY TURMAN	EVP/CFO & TREASURER	1	$0	$378,696	$56,482	$435,178	19
THOMAS BEN LITLE	EVP/COO/BOND COUNSEL	1	$0	$351,440	$53,062	$404,502	17
TAMMY HARRALSON	CONTROLLER	1	$0	$183,130	$29,696	$212,826	15
DANIEL REYNA	FORMER INTERNAL AUDIT DIRECTOR	1	$0	$153,218	$23,642	$176,860	17
DARRELL BROOKS	ASST TREASURER	1	$0	$135,882	$33,849	$169,731	10
JAMES MCINNIS	FORMER ASST TREASURER	1	$0	$102,327	$17,795	$120,122	13
SUSAN DAVIS	SECRETARY	1	$0	$89,959	$19,832	$109,791	17
MRS JOYCE PACKARD	CHAIRMAN	1	$0	$0	$0	$0	16
PETER KULTGEN	VICE-CHAIRMAN	1	$0	$0	$0	$0	11
BOB CHAMBERS	DIRECTOR	1	$0	$0	$0	$0	13
TOM CHASE	DIRECTOR	1	$0	$0	$0	$0	7
CLAUDE ERVIN	DIRECTOR	1	$0	$0	$0	$0	8
WILTON LANNING	DIRECTOR	1	$0	$0	$0	$0	14
DR TERRY MANESS	DIRECTOR	1	$0	$0	$0	$0	7
CLEMENT MILAM	DIRECTOR	1	$0	$0	$0	$0	7

2014 · 18 people listed · 9 paid, $3.5M · 0 employees · 0 volunteers

Name	Title	Hrs/wk	From org	From related	Other	Total	Orgs
MURRY WATSON	PRESIDENT/GEN COUNSEL	1	$0	$1,049,193	$36,775	$1,085,968	6
THOMAS BEN LITLE	EVP/COO	1	$0	$523,131	$47,232	$570,363	17
ELLIS TREDWAY	EVP/COO	1	$0	$468,566	$48,483	$517,049	14
RICKY TURMAN	EVP/CFO & TREASURER	1	$0	$447,329	$55,565	$502,894	19
TAMMY HARRALSON	CONTROLLER	1	$0	$190,153	$32,938	$223,091	15
DARRELL BROOKS	ASST TREASURER	1	$0	$144,377	$36,119	$180,496	10
DANIEL REYNA	INTERNAL AUDIT DIRECTOR	1	$0	$132,199	$23,940	$156,139	17
JAMES MCINNIS	ASST TREASURER	1	$0	$104,231	$22,256	$126,487	13
SUSAN DAVIS	SECRETARY	1	$0	$93,565	$20,813	$114,378	17
MRS JOYCE PACKARD	CHAIRMAN	1	$0	$0	$0	$0	16
PETER KULTGEN	VICE-CHAIRMAN	1	$0	$0	$0	$0	11
BOB CHAMBERS	DIRECTOR	1	$0	$0	$0	$0	13
TOM CHASE	DIRECTOR	1	$0	$0	$0	$0	7
CLAUDE ERVIN	DIRECTOR	1	$0	$0	$0	$0	8
WILTON LANNING	DIRECTOR	1	$0	$0	$0	$0	14
DR TERRY MANESS	DIRECTOR	1	$0	$0	$0	$0	7
CLEMENT MILAM	DIRECTOR	1	$0	$0	$0	$0	7
RAY RUSHING	ASST SECRETARY	1	$0	$0	$0	$0	14

2013 · 18 people listed · 8 paid, $3.7M · 0 employees · 0 volunteers

Name	Title	Hrs/wk	From org	From related	Other	Total	Orgs
MURRY WATSON	PRESIDENT	1	$0	$1,307,110	$40,939	$1,348,049	6
RICKY TURMAN	EVP/CFO & TREASURER	1	$0	$570,079	$55,391	$625,470	19
ELLIS TREDWDAY	EVP/COO	1	$0	$572,862	$48,331	$621,193	1
THOMAS LITLE	BOND COUNSEL	1	$0	$331,492	$45,836	$377,328	17
TAMMY HARRALSON	CONTROLLER	1	$0	$219,448	$35,550	$254,998	15
DANIEL REYNA	INTERNAL AUDIT DIRECTOR	1	$0	$153,601	$26,630	$180,231	17
JAMES MCINNIS	ASST TREASURER	1	$0	$112,269	$23,321	$135,590	13
SUSAN DAVIS	SECRETARY	1	$0	$103,935	$21,930	$125,865	17
MRS JOYCE PACKARD	CHAIRMAN	1	$0	$0	$0	$0	16
PETER KULTGEN	VICE-CHAIRMAN	1	$0	$0	$0	$0	11
BOB CHAMBERS	DIRECTOR	1	$0	$0	$0	$0	13
TOM CHASE	DIRECTOR	1	$0	$0	$0	$0	7
CLAUDE ERVIN	DIRECTOR	1	$0	$0	$0	$0	8
WILTON LANNING	DIRECTOR	1	$0	$0	$0	$0	14
DR TERRY MANESS	DIRECTOR	1	$0	$0	$0	$0	7
DENNIS MICHAELIS	DIRECTOR	1	$0	$0	$0	$0	6
CLEMENT MILAM	DIRECTOR	1	$0	$0	$0	$0	7
RAY RUSHING	ASST SECRETARY	1	$0	$0	$0	$0	14

2012 · 18 people listed · 8 paid, $2.9M · 0 employees · 0 volunteers

Name	Title	Hrs/wk	From org	From related	Other	Total	Orgs
Murray Watson	President	1	$0	$1,099,551	$33,270	$1,132,821	15
Ricky Turman	EVP / CFO & Treasurer	1	$0	$451,302	$45,418	$496,720	19
Ellis Tredway	EVP, Chief Operations Officer	1	$0	$309,850	$38,925	$348,775	14
Thomas Litle	Bond Counsel	1	$0	$278,512	$30,756	$309,268	17
Tammy Harralson	Controller	1	$0	$191,285	$28,505	$219,790	15
Daniel Reyna	Internal Audit Director	1	$0	$135,617	$20,396	$156,013	17
James McInnis	Assistant Treasurer	1	$0	$100,445	$19,370	$119,815	13
Susan Davis	Secretary	1	$0	$71,168	$16,233	$87,401	17
Bob Chambers	Director	1	$0	$0	$0	$0	13
Tom Chase	Director	1	$0	$0	$0	$0	7
Claude Ervin	Director	1	$0	$0	$0	$0	8
Peter Kultgen	Vice-Chairman	1	$0	$0	$0	$0	11
Wilton Lanning	Director	1	$0	$0	$0	$0	14
Terry Maness	Director	1	$0	$0	$0	$0	7
Dennis Michaelis	Director	1	$0	$0	$0	$0	6
Clement Milam	Director	1	$0	$0	$0	$0	7
Mrs Joyce Packard	Chairman	1	$0	$0	$0	$0	16
Ray Rushing	Assistant Secretary	1	$0	$0	$0	$0	14

Highest-paid independent contractors

2022 · 1 contractor · $165K

Name	Location	Service	Paid
KUTAK ROCK LLP	OMAHA, NE	LEGAL	$165,000

2021 · 4 contractors · $6.8M

Name	Location	Service	Paid
RBC CAPITAL MARKETS	JERSEY CITY, NJ	BOND UNDERWRITER	$6,199,030
MCCALL PARKHURST HORTON LLP	DALLAS, TX	LEGAL	$279,000
KUTAK ROCK LLP	OMAHA, NE	LEGAL	$195,000
KPMG	DALLAS, TX	ACCOUNTING CONSULT.	$124,000

2018 · 1 contractor · $143K

Name	Location	Service	Paid
MAYER BROWN LLP	CHICAGO, IL	LEGAL	$143,375

2012 · 1 contractor · $110K

Name	Location	Service	Paid
Mayer Brown LLP	CHICAGO, IL	legal services	$110,000

Who gave

Contributor names are not public for this form type.

Public charities filing Form 990 or 990-EZ report large donors on Schedule B, but the IRS withholds their names and addresses from public copies. Private foundations (990-PF) are different: their contributors are public.

Finances

Newest first. Each filing: its name on one row, its figures on the row beneath. Greyed filings are superseded by a later return for the same period and are left out everywhere else on this page.

Revenue	Expenses	Assets	Net assets	Contributions	Program revenue	Officer pay	Employees	Volunteers
2024 · Form 990 period ending 2025-06-30 · view filing · original 990 ↗
$62,053,242	$51,195,636	$815,478,066	$237,059,839	$0	$60,478,353	$0	0	11
2023 · Form 990 period ending 2024-06-30 · view filing · original 990 ↗
$88,224,410	$73,869,660	$983,165,176	$233,202,233	$0	$84,429,369	$0	0	12
2022 · Form 990 period ending 2023-06-30 · view filing · original 990 ↗
$80,022,743	$68,132,128	$1,149,527,962	$230,676,871	$0	$77,449,858	$0	0	5
2021 · Form 990 period ending 2022-06-30 · view filing · original 990 ↗
$48,416,543	$38,501,714	$1,464,923,579	$272,258,042	$0	$53,040,851	$0	0	5
2020 · Form 990 period ending 2021-06-30 · view filing · original 990 ↗
$48,404,899	$45,049,059	$1,635,844,964	$299,630,082	$0	$48,366,596	$0	0	7
2019 · Form 990 period ending 2020-06-30 · view filing · original 990 ↗
$70,060,804	$69,520,585	$1,824,870,580	$296,274,242	$0	$69,259,112	$0	0	7
2018 · Form 990 period ending 2019-06-30 · view filing · original 990 ↗
$91,653,461	$88,304,830	$2,046,820,449	$295,732,431	$0	$90,112,367	$0	0	7
2017 · Form 990 period ending 2018-06-30 · view filing · original 990 ↗
$86,050,416	$77,771,278	$2,228,524,710	$292,371,800	$0	$85,055,355	$0	0	7
2016 · Form 990 period ending 2017-06-30 · view filing · original 990 ↗
$83,129,641	$71,635,834	$2,482,136,677	$284,092,662	$0	$82,743,029	$0	0	8
2015 · Form 990 period ending 2016-06-30 · view filing · original 990 ↗
$87,465,746	$68,058,143	$2,770,528,521	$272,598,855	$0	$87,286,153	$0	0	0
2014 · Form 990 period ending 2015-06-30 · view filing · original 990 ↗
$40,950,985	$30,337,368	$3,086,968,371	$253,191,251	$0	$40,875,785	$0	0	0
2013 · Form 990 period ending 2014-06-30 · view filing · original 990 ↗
$4,386,211	$2,805,698	$87,230,417	-$183,342	$0	$4,386,093	$0	0	0
2012 · Form 990 period ending 2013-06-30 · view filing · original 990 ↗
$3,665,116	$2,383,400	$97,593,110	-$1,763,855	$0	$3,664,814	$0	0	0

Connected to

Organizations that list some of the same people on their returns (officers, directors, key employees on this organization’s latest return), and related organizations it lists on Schedule R.

BRAZOS EDUCATION LENDING CORPORATION Waco, TX · 11 people in common (Clement Milam, Darrell Brooks, Dr DAVID MYERS) · related organization (Schedule R)
Acapita Education Finance Corporation Waco, TX · 10 people in common (Brent Helm, Charles Reed, Claude Ervin)
BRAZOS HIGHER EDUCATION AUTHORITY INC Waco, TX · 9 people in common (Claude Ervin, Darrell Brooks, Joe Nesbitt) · related organization (Schedule R)
BRAZOS HIGHER EDUCATION SERVICE CORPORATION INC Waco, TX · 8 people in common (Darrell Brooks, Dr DAVID MYERS, Dr Terry Maness) · related organization (Schedule R)
Brazos Student Finance Corporation Waco, TX · 8 people in common (Darrell Brooks, Donald Schmeltekopf, Jane Allen)
Brazos Education Funding Corporation Inc Waco, TX · 8 people in common (Charles Madden, Clement Milam, Darrell Brooks)
Federated Student Finance Corporation Waco, TX · 8 people in common (Charles Madden, Claude Ervin, Darrell Brooks)
Bosque Higher Education Authority Inc Waco, TX · 8 people in common (Claude Ervin, Darrell Brooks, Dr Terry Maness)
Angelina Higher Education Authority Inc Waco, TX · 6 people in common (Claude Ervin, Clement Milam, Dr Terry Maness)
BRAZOS EDUCATION FINANCE CORPORATION Waco, TX · 5 people in common (Claude Ervin, Clement Milam, Ricky Turman)
Trinity Higher Education Authority Inc Waco, TX · 4 people in common (Darrell Brooks, Ricky Turman, Tammy Harralson)
Brazos Education Foundation Inc Waco, TX · 4 people in common (Kelli Uttech, Ricky Turman, Thomas Litle) · related organization (Schedule R)
ACADEMIC FINANCE CORPORATION Waco, TX · 4 people in common (Clement Milam, Ricky Turman, Tammy Harralson)
EDINVEST COMPANY Waco, TX · 4 people in common (Clement Milam, Ricky Turman, Tammy Harralson)
EDUCATIONAL FUNDING SERVICES INC Waco, TX · 4 people in common (Jane Allen, Ricky Turman, Tammy Harralson)
BRAZOS LOAN SERVICING INC Waco, TX · 2 people in common (Ricky Turman, Thomas Litle)
UNITED WAY OF WACO-MCLENNAN COUNTY Waco, TX · 1 person in common (Ricky Turman)
MIDWAY ISD EDUCATION FOUNDATION Woodway, TX · 1 person in common (Joe Nesbitt)
WACO BUSINESS LEAGUE Waco, TX · 1 person in common (Joe Nesbitt)
WACO FAMILY YMCA Round Rock, TX · 1 person in common (Joe Nesbitt)

Funders of this organization

Not reported: no grants to this organization appear in the filings we have (tax years 2010 to 2025).

Similar organizations

Ranked without any AI: same NTEE code first, then the same NTEE group; then revenue within 2x, 5x or 10x; then the same state; then similar name and mission text. Same state only · More (100)

Organization	State	NTEE	Latest revenue	Latest expenses	Top-paid title	Top pay	Why similar
BRAZOS HIGHER EDUCATION AUTHORITY INC	TX	B82	$43,649,233	$51,537,202	Executive Director	$994,139	Same NTEE code B82, revenue within 2x, same state, similar mission
BRAZOS HIGHER EDUCATION SERVICE CORPORATION INC	TX	B82	$33,774,034	$8,934,501	President & CEO	$994,139	Same NTEE code B82, revenue within 2x, same state, similar mission
HIGHER EDUCATION SERVICING CORP IN	TX	B82	$36,047,569	$13,765,035	President	$439,785	Same NTEE code B82, revenue within 2x, same state
TEXAS A & M UNIVERSITY 12TH MAN FOUNDATION	TX	B82	$110,910,812	$101,354,585	PRESIDENT & CEO, EX-OFFICIO	$629,164	Same NTEE code B82, revenue within 2x, same state
NORTHSTAR EDUCATION FINANCE INC	MN	B82	$51,293,468	$56,826,701	PRESIDENT	$100,000	Same NTEE code B82, revenue within 2x
FOUNDATION FOR ADVANCED EDUCATION IN THE SCIENCES INC	MD	B82	$49,391,933	$43,346,636	CEO/EXECUTIVE DIRECTOR	$418,226	Same NTEE code B82, revenue within 2x
ACE SCHOLARSHIPS ALLIANCE FOR CHOICE IN EDUCATION	CO	B82	$75,419,889	$70,423,424	CEO	$596,201	Same NTEE code B82, revenue within 2x
MARYMOUNT EDUCATION FOUNDATION	CA	B82	$48,319,648	$599,887	EXECUTIVE DIRECTOR	$189,000	Same NTEE code B82, revenue within 2x
JAMES MADISON UNIVERSITY FOUNDATION INC	VA	B82	$37,668,356	$21,163,538	CEO	$291,700	Same NTEE code B82, revenue within 2x
NC STUDENT AID ASSOCIATION INC	NC	B82	$58,813,112	$46,242,679	EXECUTIVE DIRECTOR	$427,582	Same NTEE code B82, revenue within 2x
ARIZONA TUITION CONNECTION INC	AZ	B82	$32,338,489	$25,754,218	CONTROLLER	$310,282	Same NTEE code B82, revenue within 2x
TARGET ALS FOUNDATION INC	NY	B82	$33,261,985	$25,618,714	PRESIDENT	$445,255	Same NTEE code B82, revenue within 2x
THE POSSE FOUNDATION INC	NY	B82	$32,627,666	$32,006,552	PRESIDENT	$993,433	Same NTEE code B82, revenue within 2x
EVANS SCHOLARS FOUNDATION	IL	B82	$117,552,012	$57,336,019	PRESIDENT & CEO	$1,187,779	Same NTEE code B82, revenue within 2x
VIRGINIA STUDENT AID FOUNDATION	VA	B82	$50,256,478	$44,993,376	EXEC DIRECTOR, SEC/TREAS	$545,320	Same NTEE code B82, revenue within 2x
GRANITE EDVANCE CORPORATION	NH	B82	$61,204,622	$59,200,848	President & CEO	$553,840	Same NTEE code B82, revenue within 2x
CENTRAL PENNSYLVANIA SCHOLARSHIP FUND	PA	B82	$73,854,376	$65,171,936	EXECUTIVE DIRECTOR	$100,512	Same NTEE code B82, revenue within 2x
IOWA STUDENT LOAN LIQUIDITY CORP	IA	B82	$100,112,915	$95,497,550	PRESIDENT AND CEO	$518,393	Same NTEE code B82, revenue within 2x
GOAL SCHOLARSHIP PROGRAM INC	GA	B82	$83,091,163	$68,687,255	PRESIDENT AND CEO	$430,806	Same NTEE code B82, revenue within 2x
COLLEGE NOW GREATER CLEVELAND INC	OH	B82	$38,617,096	$36,781,113	CEO (THRU 12/2024)	$682,102	Same NTEE code B82, revenue within 2x
ARIZONA CHRISTIAN SCHOOL TUITION ORGANIZATION INC	AZ	B82	$37,517,027	$27,469,951	PRESIDENT	$0	Same NTEE code B82, revenue within 2x
JOAN AND IRWIN JACOBS TECHNION-CORNELL INNOVATION INSTIT	NY	B82	$31,406,170	$32,368,867	TRUSTEE & PROVOST (START 02/2025)	$0	Same NTEE code B82, revenue within 2x
SCHOLARSHIP AMERICA INC	MN	B82	$42,758,638	$29,330,151	SCHEDULE O	$0	Same NTEE code B82, revenue within 2x
DIGITAL HARBOR FOUNDATION INC	MD	B82	$57,895,485	$34,240,753	CHIEF EXECUTIVE OFFICER	$563,480	Same NTEE code B82, revenue within 2x
INCEPTIA	NE	B82	$47,663,616	$17,602,528	CEO (THRU OCT 2023)	$536,141	Same NTEE code B82, revenue within 2x

Who funds organizations like this

Grantors that funded the 100 most similar organizations. Ranked by total given to them. Foundations (990-PF) and donor-advised fund sponsors only. Same matching as Funders above (by EIN, or by name for foundations).

Grantor	Type	Total given	Grants	Organizations funded	Years	Which ones
THE SAMUEL ROBERTS NOBLE FOUNDATION	Private foundation	$267,101,675	9	1	2018–2024	NOBLE RESEARCH INSTITUTE LLC
NATIONAL PHILANTHROPIC TR	DAF sponsor	$211,346,729	192	28	2014–2024	THURGOOD MARSHALL COLLEGE FUND INC; HISPANIC SCHOLARSHIP FUND; TARGET ALS FOUNDATION INC; THE POSSE FOUNDATION INC and 24 more
GATES FOUNDATION	Private foundation	$158,400,060	38	8	2011–2024	HISPANIC SCHOLARSHIP FUND; DIGITAL HARBOR FOUNDATION INC; DISTRICT OF COLUMBIA COLLEGE ACCESS PROGRAM; PARTNERSHIP FOR ED ADVANCEMENT INC and 4 more
FIDELITY INVESTMENTS CHARITABLE GIFT FUND	DAF sponsor	$141,008,066	289	48	2016–2024	CATHOLIC SCHOOLS FOUNDATION INC; DIGITAL HARBOR FOUNDATION INC; ADOPT-A-STUDENT FOUNDATION; EVANS SCHOLARS FOUNDATION and 44 more
SILICON VALLEY COMMUNITY FOUNDATION	DAF sponsor	$115,533,271	58	18	2010–2024	COLLEGE TRACK; SKILLMAN FOUNDATION; DIGITAL HARBOR FOUNDATION INC; TARGET ALS FOUNDATION INC and 14 more
AMERICAN SOCIETY FOR TECHNION- ISRAEL INSTITUTE OF TECHNOLOGY INC	DAF sponsor	$82,064,633	11	1	2013–2023	JOAN AND IRWIN JACOBS TECHNION-CORNELL INNOVATION INSTIT
DONOR ADVISED CHARITABLE GIVING	DAF sponsor	$75,976,545	305	41	2014–2024	DIGITAL HARBOR FOUNDATION INC; EVANS SCHOLARS FOUNDATION; COLLEGE TRACK; VIRGINIA STUDENT AID FOUNDATION and 37 more
NATIONAL CHRISTIAN CHARITABLE FOUNDATION	DAF sponsor	$75,057,063	145	23	2012–2024	ACE SCHOLARSHIPS ALLIANCE FOR CHOICE IN EDUCATION; HORATIO ALGER ASSOCIATION OF DISTINGUISHED AMERICANS INC; FOLDS OF HONOR FOUNDATION; VIRGINIA STUDENT AID FOUNDATION and 19 more
LILLY ENDOWMENT INC	Private foundation	$63,264,270	6	4	2014–2025	HISPANIC SCHOLARSHIP FUND; THURGOOD MARSHALL COLLEGE FUND INC; HIRE HEROES USA; MARINE CORPS SCHOLARSHIP FOUNDATION INC
JEWISH COMMUNAL FUND	DAF sponsor	$41,891,823	49	11	2009–2024	TARGET ALS FOUNDATION INC; BROOKLYN COLLEGE FOUNDATION INC; HORATIO ALGER ASSOCIATION OF DISTINGUISHED AMERICANS INC; THE CHILDRENS SCHOLARSHIP FUND and 7 more
WALTON FAMILY FOUNDATION INC	Private foundation	$41,777,665	13	4	2020–2024	THE CHILDRENS SCHOLARSHIP FUND; CLEVELAND AVENUE FOUNDATION FOR EDUCATION GROUP; DIGITAL HARBOR FOUNDATION INC; THURGOOD MARSHALL COLLEGE FUND INC
VANGUARD CHARITABLE ENDOWMENT PROGRAM	DAF sponsor	$40,630,160	116	32	2020–2024	THE CHILDRENS SCHOLARSHIP FUND; EVANS SCHOLARS FOUNDATION; ACE SCHOLARSHIPS ALLIANCE FOR CHOICE IN EDUCATION; DIGITAL HARBOR FOUNDATION INC and 28 more
BEEMOK FAMILY FOUNDATION	Private foundation	$34,278,121	5	1	2018–2023	MEETING STREET SCHOOLS
THE CLEVELAND FOUNDATION	DAF sponsor	$30,728,625	16	3	2010–2024	COLLEGE NOW GREATER CLEVELAND INC; HORATIO ALGER ASSOCIATION OF DISTINGUISHED AMERICANS INC; THE POSSE FOUNDATION INC
AMERICAN ONLINE GIVING FOUNDATION INC	DAF sponsor	$28,792,439	195	41	2019–2024	THURGOOD MARSHALL COLLEGE FUND INC; THE NORTH CAROLINA A&T REAL ESTATE FOUNDATION INC; HISPANIC SCHOLARSHIP FUND; INSTITUTE FOR BETTER EDUCATION and 37 more

The full list · all similar organizations

Where the money went

Every expense line on each return, biggest first: Form 990 Part IX (with its program, management and fundraising columns), 990-EZ Part I, or 990-PF Part I. Event marks lines the organization itself describes as events. “Events” in each summary adds those lines, conferences and meetings, and the direct costs of fundraising events. Unusual is not the same as improper. Many of these patterns have ordinary explanations. Check the filing.

2024 · Form 990 · $51,195,636 spent · pay $0 · grants $0 · events $0

Line	As described	Total	Program	Management	Fundraising	Share
Interest		$34,704,368	$34,704,368	-	-	67.8%
Other (as described)	DEPT OF EDUCATION REBATE FEE	$8,566,352	$8,566,352	-	-	16.7%
Fees: management		$5,771,830	$5,771,830	-	-	11.3%
Other (as described)	SERVICING EXPENSE	$1,090,550	$1,090,550	-	-	2.1%
Depreciation and depletion		$843,520	$843,520	-	-	1.6%
Other (as described)	TRUSTEE FEE EXPENSE	$86,074	$86,074	-	-	0.2%
Other (as described)	RATINGS FEES	$82,540	$82,540	-	-	0.2%
All other expenses		$50,402	$50,402	$0	$0	0.1%
Total		$51,195,636				100%

View the filing

2023 · Form 990 · $73,869,660 spent · pay $0 · grants $0 · events $0

Line	As described	Total	Program	Management	Fundraising	Share
Interest		$53,420,726	$53,420,726	-	-	72.3%
Other (as described)	DEPT OF EDUCATION REBATE FEE	$10,932,894	$10,932,894	-	-	14.8%
Fees: management		$6,236,155	$6,236,155	-	-	8.4%
Depreciation and depletion		$1,610,804	$1,610,804	-	-	2.2%
Other (as described)	SERVICING EXPENSE	$1,362,614	$1,362,614	-	-	1.8%
Other (as described)	RATINGS FEES	$150,186	$150,186	-	-	0.2%
Other (as described)	TRUSTEE FEE EXPENSE	$117,326	$117,326	-	-	0.2%
Fees: legal		$33,706	$33,706	-	-	0.0%
All other expenses		$5,249	$5,249	$0	$0	0.0%
Total		$73,869,660				100%

View the filing

2022 · Form 990 · $68,132,128 spent · pay $0 · grants $0 · events $0

Line	As described	Total	Program	Management	Fundraising	Share
Interest		$45,882,342	$45,882,342	-	-	67.3%
Other (as described)	Dept of Education Rebate Fee	$12,617,629	$12,617,629	-	-	18.5%
Fees: management		$5,979,292	$5,979,292	-	-	8.8%
Depreciation and depletion		$1,905,207	$1,905,207	-	-	2.8%
Other (as described)	Servicing Expense	$1,347,871	$1,347,871	-	-	2.0%
Other (as described)	TRUSTEE FEE EXPENSE	$153,496	$153,496	-	-	0.2%
All other expenses		$109,642	$109,642	-	-	0.2%
Fees: legal		$72,875	$72,875	-	-	0.1%
Other (as described)	BAD DEBT EXPENSE	$63,774	$63,774	-	-	0.1%
Total		$68,132,128				100%

View the filing

2021 · Form 990 · $38,501,714 spent · pay $0 · grants $0 · events $0

Line	As described	Total	Program	Management	Fundraising	Share
Other (as described)	Dept of Education Rebate Fee	$15,467,584	$15,467,584	-	-	40.2%
Interest		$13,969,541	$13,969,541	-	-	36.3%
Fees: management		$5,051,681	$5,051,681	-	-	13.1%
Other (as described)	Servicing Expense	$1,642,119	$1,642,119	-	-	4.3%
Depreciation and depletion		$1,114,726	$1,114,726	-	-	2.9%
Other (as described)	BOND CLOSING EXPENSE	$859,185	$859,185	-	-	2.2%
Other (as described)	TRUSTEE FEE EXPENSE	$157,226	$157,226	-	-	0.4%
Fees: other services		$141,862	$141,862	-	-	0.4%
All other expenses		$78,191	$78,191	-	-	0.2%
Fees: legal		$19,599	$19,599	-	-	0.1%
Total		$38,501,714				100%

View the filing

2020 · Form 990 · $45,049,059 spent · pay $0 · grants $0 · events $0

Line	As described	Total	Program	Management	Fundraising	Share
Interest		$19,395,094	$19,395,094	-	-	43.1%
Other (as described)	Dept of Education Rebate Fee	$17,680,460	$17,680,460	-	-	39.2%
Fees: management		$5,320,549	$5,320,549	-	-	11.8%
Other (as described)	Servicing Expense	$1,813,023	$1,813,023	-	-	4.0%
Depreciation and depletion		$465,150	$465,150	-	-	1.0%
Other (as described)	Trustee Fee Expense	$180,689	$180,689	-	-	0.4%
Other (as described)	Bad Debt Expense	$77,576	$77,576	-	-	0.2%
All other expenses		$62,519	$62,519	-	-	0.1%
Fees: other services		$53,999	$53,999	-	-	0.1%
Total		$45,049,059				100%

View the filing

2019 · Form 990 · $69,520,585 spent · pay $0 · grants $0 · events $0

Line	As described	Total	Program	Management	Fundraising	Share
Interest		$45,121,254	$45,121,254	-	-	64.9%
Other (as described)	Dept of Education Rebate Fee	$19,560,990	$19,560,990	-	-	28.1%
Other (as described)	Servicing Expense	$2,071,737	$2,071,737	-	-	3.0%
Fees: management		$1,937,597	$1,937,597	-	-	2.8%
Depreciation and depletion		$462,510	$462,510	-	-	0.7%
Other (as described)	Trustee Fee Expense	$205,540	$205,540	-	-	0.3%
Other (as described)	Bad Debt Expense	$85,995	$85,995	-	-	0.1%
Fees: other services		$65,666	$65,666	-	-	0.1%
All other expenses		$9,296	$9,296	-	-	0.0%
Total		$69,520,585				100%

View the filing

2018 · Form 990 · $88,304,830 spent · pay $0 · grants $0 · events $0

Line	As described	Total	Program	Management	Fundraising	Share
Interest		$60,957,564	$60,957,564	-	-	69.0%
Other (as described)	Dept of Education Rebate Fee	$21,567,362	$21,567,362	-	-	24.4%
Other (as described)	Servicing Expense	$2,354,283	$2,354,283	-	-	2.7%
Fees: management		$1,997,577	$1,997,577	-	-	2.3%
Depreciation and depletion		$555,502	$555,502	-	-	0.6%
Other (as described)	Bad Debt Expense	$435,939	$435,939	-	-	0.5%
Other (as described)	Trustee Fee Expense	$230,639	$230,639	-	-	0.3%
Fees: legal		$143,375	$143,375	-	-	0.2%
Fees: other services		$53,999	$53,999	-	-	0.1%
All other expenses		$8,590	$8,590	-	-	0.0%
Total		$88,304,830				100%

View the filing

2017 · Form 990 · $77,771,278 spent · pay $0 · grants $0 · events $0

Line	As described	Total	Program	Management	Fundraising	Share
Interest		$48,075,491	$48,075,491	-	-	61.8%
Other (as described)	Dept of Education Rebate Fee	$23,640,371	$23,640,371	-	-	30.4%
Other (as described)	Servicing Expense	$2,582,318	$2,582,318	-	-	3.3%
Fees: management		$2,368,336	$2,368,336	-	-	3.0%
Depreciation and depletion		$560,439	$560,439	-	-	0.7%
Other (as described)	Trustee Fee Expense	$262,734	$262,734	-	-	0.3%
Other (as described)	Bad Debt Expense	$219,590	$219,590	-	-	0.3%
Fees: other services		$53,999	$53,999	-	-	0.1%
All other expenses		$8,000	$8,000	-	-	0.0%
Total		$77,771,278				100%

View the filing

2016 · Form 990 · $71,635,834 spent · pay $0 · grants $0 · events $0

Line	As described	Total	Program	Management	Fundraising	Share
Interest		$38,389,675	$38,389,675	-	-	53.6%
Other (as described)	Dept of Education Rebate Fees	$26,325,392	$26,325,392	-	-	36.7%
Other (as described)	Servicing Expense	$3,020,086	$3,020,086	-	-	4.2%
Fees: management		$2,645,745	$2,645,745	-	-	3.7%
Depreciation and depletion		$779,243	$779,243	-	-	1.1%
Other (as described)	TRUSTEE FEE EXPENSE	$298,933	$298,933	-	-	0.4%
Other (as described)	Bad Debt Expense	$114,761	$114,761	-	-	0.2%
Fees: other services		$53,999	$53,999	-	-	0.1%
All other expenses		$8,000	$8,000	-	-	0.0%
Total		$71,635,834				100%

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2015 · Form 990 · $68,058,143 spent · pay $0 · grants $0 · events $0

Line	As described	Total	Program	Management	Fundraising	Share
Interest		$31,162,427	$31,162,427	-	-	45.8%
Other (as described)	DEPARTMENT OF EDUCATION	$29,235,440	$29,235,440	-	-	43.0%
Other (as described)	SERVICING EXPENSE	$3,436,779	$3,436,779	-	-	5.0%
Other (as described)	OPERATING EXPENSES	$2,943,723	$2,943,723	-	-	4.3%
Depreciation and depletion		$879,108	$879,108	-	-	1.3%
Other (as described)	MISCELLANEOUS	$346,667	$346,667	-	-	0.5%
Fees: other services		$53,999	$53,999	-	-	0.1%
Total		$68,058,143				100%

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2014 · Form 990 · $30,337,368 spent · pay $0 · grants $0 · events $0

Line	As described	Total	Program	Management	Fundraising	Share
Other (as described)	DEPARTMENT OF EDUCATION	$13,506,619	$13,506,619	-	-	44.5%
Interest		$12,641,083	$12,641,083	-	-	41.7%
Other (as described)	SERVICING EXPENSE	$1,736,854	$1,736,854	-	-	5.7%
Other (as described)	OPERATING EXPENSES	$1,456,260	$1,456,260	-	-	4.8%
Depreciation and depletion		$734,344	$734,344	-	-	2.4%
Other (as described)	MISCELLANEOUS	$262,208	$262,208	-	-	0.9%
Total		$30,337,368				100%

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2013 · Form 990 · $2,805,698 spent · pay $0 · grants $0 · events $0

Line	As described	Total	Program	Management	Fundraising	Share
Interest		$1,258,382	$1,258,382	-	-	44.9%
Other (as described)	DEPARTMENT OF EDUCATION	$925,889	$925,889	-	-	33.0%
Other (as described)	OPERATING EXPENSES	$246,934	$246,934	-	-	8.8%
Other (as described)	SERVICING EXPENSE	$210,649	$210,649	-	-	7.5%
Depreciation and depletion		$128,497	$128,497	-	-	4.6%
Other (as described)	MISCELLANEOUS	$18,755	$18,755	-	-	0.7%
All other expenses		$16,592	$16,592	-	-	0.6%
Total		$2,805,698				100%

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2012 · Form 990 · $2,383,400 spent · pay $0 · grants $0 · events $0

Line	As described	Total	Program	Management	Fundraising	Share
Interest		$1,372,672	$1,372,672	-	-	57.6%
Other (as described)	DEPT OF EDUCATION REBATE FEES	$929,296	$929,296	-	-	39.0%
Other (as described)	Servicing Expense	$235,232	$235,232	-	-	9.9%
Other (as described)	Operating expense	$227,494	$227,494	-	-	9.5%
Other (as described)	AMORT - DEBT ISSUE COST	$126,840	$126,840	-	-	5.3%
All other expenses		-$508,134	-$508,134	-	-	-21.3%
Total		$2,383,400				100%

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