Brazos Education Funding Corporation Inc
Cite this
Plain text Brazos Education Funding Corporation Inc. furp.org, nonprofit organization profile, tax years 2011–2017. https://furp.org/org/brazos-education-funding-corporation-inc-203870176. Retrieved 2026-10-28.
APA furp.org. (n.d.). Brazos Education Funding Corporation Inc [Nonprofit organization profile; tax years 2011–2017]. Retrieved October 28, 2026, from https://furp.org/org/brazos-education-funding-corporation-inc-203870176
MLA “Brazos Education Funding Corporation Inc.” furp.org, tax years 2011–2017, https://furp.org/org/brazos-education-funding-corporation-inc-203870176. Accessed 28 Oct. 2026.
Retrieved 2026-10-28; covers tax years 2011–2017. Data: furp.org, CC BY 4.0.
2017 · Form 990 · revenue $5.0M · expenses $3.8M · assets $90.0M
- EIN
- 20-3870176
- Address
- 2600 Washington Ave, Waco, TX 76710
- Website
- WWW.STUDENTLOANS.COM
- NTEE code
- -
- Exempt type
- -
- Ruling date
- -
- Principal officer
- Murray Watson Jr President (its 2010 Form 990-N)
- Form 990-N e-postcards
- 1 filed, 2010 (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 FUNDING CORPORATION, INC. (BEFC) IS A SECONDARY MARKET OF COLLEGE STUDENT LOANS UNDER THE FEDERAL FAMILY EDUCATION LOAN PROGRAM (FFELP). BEFC'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Each tax year counts once: when a return was amended, only the latest return for that period is used below (superseded returns stay listed, greyed, under Finances).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
18 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 |
|---|---|---|---|---|---|
| Murray Watson | President | 2011-2017 | $1,140,869 | $5,886,159 | 15 |
| Ricky Turman | CFO/Treasurer | 2011-2017 | $491,616 | $3,056,949 | 19 |
| Kelli Villarrial | VP, Assoc. Gen. Counsel | 2011-2017 | $334,142 | $1,884,802 | 13 |
| Thomas Litle | EVP/COO | 2011-2017 | $486,834 | $1,632,513 | 17 |
| Tammy Harralson | Controller | 2011-2017 | $239,835 | $1,398,441 | 15 |
| Susan Davis | Secretary | 2011-2017 | $112,971 | $637,078 | 17 |
| Darrell Brooks | Assistant Treasurer | 2015-2017 | $188,326 | $542,600 | 10 |
| Wilton Lanning | Vice Chairman | 2011-2017 | $0 | $861 | 14 |
| Jane Allen | Director | 2011-2017 | $0 | $814 | 4 |
| Dr Terry Maness | Director | 2011-2017 | $0 | $703 | 7 |
| David Horner (former) | FORMER EVP | 2011-2015 | $115,555 | $1,613,156 | 14 |
| Ellis Tredway (former) | EVP, COO | 2012-2013 | $621,193 | $969,968 | 14 |
| Ellis Treadway (former) | FORMER EVP/COO | 2011-2015 | $521,637 | $898,460 | 3 |
| Murray Watson Jr (former) | PRESIDENT | 2015 | $888,234 | $888,234 | 11 |
| James Mcinnis (former) | FORMER TREASURER | 2011-2015 | $119,122 | $493,632 | 13 |
| Daniel Reyna (former) | Internal Audit Director | 2011 | $160,529 | $160,529 | 17 |
| Dr Dennis Michaelis (former) | DIRECTOR | 2011-2013 | $0 | $814 | 6 |
| Scott Felton (former) | Director | 2011-2012 | $0 | $814 | 10 |
Officers and directors, no compensation reported
7 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 |
|---|---|---|---|---|---|
| Larry Smith | Director | 2013-2017 | 1 | $0 reported | 8 |
| Clement Milam | Director | 2011-2017 | 1 | $0 reported | 7 |
| Mrs Joyce Packard | Director | 2011-2017 | 1 | $0 reported | 16 |
| Bob Chambers | Chairman | 2011-2017 | 1 | $0 reported | 13 |
| Dr Charles E Madden | Director | 2017 | 1 | $0 reported | 1 |
| Charles Madden (former) | DIRECTOR | 2015-2016 | 1 | $0 reported | 3 |
| Ray Rushing (former) | ASST SECRETARY | 2011-2013 | 1 | $0 reported | 14 |
People by year
2017 · 15 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 | 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 |
| Mrs Jane Allen | Director | 1 | $0 | $0 | $0 | $0 | 4 |
| Bob Chambers | Chairman | 1 | $0 | $0 | $0 | $0 | 13 |
| Dr Charles E Madden | Director | 1 | $0 | $0 | $0 | $0 | 1 |
| Larry Smith | Director | 1 | $0 | $0 | $0 | $0 | 8 |
| Dr Terry Maness | Director | 1 | $0 | $0 | $0 | $0 | 7 |
| Mrs Joyce Packard | Director | 1 | $0 | $0 | $0 | $0 | 16 |
| Wilton Lanning | Vice Chairman | 1 | $0 | $0 | $0 | $0 | 14 |
| Clement Milam | Director | 1 | $0 | $0 | $0 | $0 | 7 |
2016 · 15 people listed · 7 paid, $2.8M · 0 employees · 7 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 | 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 |
| MRS JANE ALLEN | DIRECTOR | 1 | $0 | $0 | $0 | $0 | 4 |
| BOB CHAMBERS | CHAIRMAN | 1 | $0 | $0 | $0 | $0 | 13 |
| DR CHARLES S MADDEN | DIRECTOR | 1 | $0 | $0 | $0 | $0 | 3 |
| LARRY SMITH | DIRECTOR | 1 | $0 | $0 | $0 | $0 | 8 |
| DR TERRY MANESS | DIRECTOR | 1 | $0 | $0 | $0 | $0 | 7 |
| MRS JOYCE PACKARD | DIRECTOR | 1 | $0 | $0 | $0 | $0 | 16 |
| WILTON LANNING | VICE CHAIRMAN | 1 | $0 | $0 | $0 | $0 | 14 |
| CLEMENT MILAM | DIRECTOR | 1 | $0 | $0 | $0 | $0 | 7 |
2015 · 18 people listed · 10 paid, $3.3M · 0 employees · 0 volunteers
| Name | Title | Hrs/wk | From org | From related | Other | Total | Orgs |
|---|---|---|---|---|---|---|---|
| MURRAY WATSON JR | PRESIDENT | 1 | $0 | $849,956 | $38,278 | $888,234 | 11 |
| ELLIS TREADWAY | FORMER EVP/COO | 1 | $0 | $488,506 | $33,131 | $521,637 | 3 |
| RICKY TURMAN | CFO/TREASURER | 1 | $0 | $378,696 | $56,482 | $435,178 | 19 |
| THOMAS BEN LITLE | COO | 1 | $0 | $351,440 | $53,062 | $404,502 | 17 |
| KELLI VILLARRIAL | FORMER VP, ASSOC GEN COUNS | 1 | $0 | $267,785 | $41,588 | $309,373 | 13 |
| TAMMY HARRALSON | CONTROLLER | 1 | $0 | $183,130 | $29,696 | $212,826 | 15 |
| DARRELL BROOKS | ASST TREASURER | 1 | $0 | $135,882 | $33,849 | $169,731 | 10 |
| JAMES MCINNIS | FORMER TREASURER | 1 | $0 | $101,327 | $17,795 | $119,122 | 13 |
| DAVID HORNER | FORMER EVP | 1 | $0 | $87,125 | $28,430 | $115,555 | 14 |
| SUSAN DAVIS | SECRETARY | 1 | $0 | $89,959 | $19,832 | $109,791 | 17 |
| BOB CHAMBERS | CHAIRMAN | 1 | $0 | $0 | $0 | $0 | 13 |
| WILTON LANNING | VICE CHAIRMAN | 1 | $0 | $0 | $0 | $0 | 14 |
| MRS JANE ALLEN | DIRECTOR | 1 | $0 | $0 | $0 | $0 | 4 |
| DR TERRY MANESS | DIRECTOR | 1 | $0 | $0 | $0 | $0 | 7 |
| DR CHARLES STAN MADDEN | DIRECTOR | 1 | $0 | $0 | $0 | $0 | 3 |
| CLEMENT MILAM | DIRECTOR | 1 | $0 | $0 | $0 | $0 | 7 |
| MRS JOYCE PACKARD | DIRECTOR | 1 | $0 | $0 | $0 | $0 | 16 |
| LARRY SMITH | DIRECTOR | 1 | $0 | $0 | $0 | $0 | 8 |
2013 · 17 people listed · 8 paid, $3.9M · 0 employees · 0 volunteers
| Name | Title | Hrs/wk | From org | From related | Other | Total | Orgs |
|---|---|---|---|---|---|---|---|
| MURRAY WATSON | PRESIDENT | 1 | $0 | $1,307,110 | $40,939 | $1,348,049 | 15 |
| RICKY TURMAN | EVP/CFO | 1 | $0 | $570,079 | $55,391 | $625,470 | 19 |
| ELLIS TREDWAY | EVP, COO | 1 | $0 | $572,862 | $48,331 | $621,193 | 14 |
| DAVID HORNER | FORMER EVP | 1 | $0 | $403,072 | $51,287 | $454,359 | 14 |
| KELLI VILLARRIAL | FORMER VP, ASSOC GEN COUNSEL | 1 | $0 | $287,038 | $40,638 | $327,676 | 13 |
| TAMMY HARRALSON | CONTROLLER/VP | 1 | $0 | $219,448 | $35,550 | $254,998 | 15 |
| JAMES MCINNIS | TREASURER | 1 | $0 | $112,269 | $23,321 | $135,590 | 13 |
| SUSAN DAVIS | ASST SECRETARY | 1 | $0 | $103,935 | $21,930 | $125,865 | 17 |
| BOB CHAMBERS | CHAIRMAN | 1 | $0 | $0 | $0 | $0 | 13 |
| WILTON LANNING | VICE CHAIRMAN | 1 | $0 | $0 | $0 | $0 | 14 |
| MRS JANE ALLEN | DIRECTOR | 1 | $0 | $0 | $0 | $0 | 4 |
| DR TERRY MANESS | DIRECTOR | 1 | $0 | $0 | $0 | $0 | 7 |
| DR DENNIS MICHAELIS | DIRECTOR | 1 | $0 | $0 | $0 | $0 | 6 |
| CLEMENT MILAM | DIRECTOR | 1 | $0 | $0 | $0 | $0 | 7 |
| MRS JOYCE PACKARD | DIRECTOR | 1 | $0 | $0 | $0 | $0 | 16 |
| LARRY SMITH | DIRECTOR | 1 | $0 | $0 | $0 | $0 | 8 |
| RAY RUSHING | ASST SECRETARY | 1 | $0 | $0 | $0 | $0 | 14 |
2012 · 17 people listed · 8 paid, $3.2M · 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 |
| David Horner | First Vice President | 1 | $0 | $506,110 | $41,505 | $547,615 | 14 |
| Ricky Turman | CFO & Treasurer | 1 | $0 | $451,302 | $45,418 | $496,720 | 19 |
| Ellis Tredway | Chief Operations Officer | 1 | $0 | $309,850 | $38,925 | $348,775 | 14 |
| Kelli Villarrial | Associate General Counsel | 1 | $0 | $264,781 | $31,265 | $296,046 | 13 |
| Tammy Harralson | Controller | 1 | $0 | $191,285 | $28,505 | $219,790 | 15 |
| 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 |
| Mrs Jane Allen | Director | 1 | $0 | $0 | $0 | $0 | 4 |
| Bob Chambers | Chairman | 1 | $0 | $0 | $0 | $0 | 13 |
| Wilton Lanning | Vice Chairman | 1 | $0 | $0 | $0 | $0 | 14 |
| Dr Terry Maness | Director | 1 | $0 | $0 | $0 | $0 | 7 |
| Dr Dennis Michaelis | Director | 1 | $0 | $0 | $0 | $0 | 6 |
| Clement Milam | Director | 1 | $0 | $0 | $0 | $0 | 7 |
| Mrs Joyce Packard | Director | 1 | $0 | $0 | $0 | $0 | 16 |
| Scott Felton | Director | 1 | $0 | $0 | $0 | $0 | 10 |
| Ray Rushing | Assistant Secretary | 1 | $0 | $0 | $0 | $0 | 14 |
2011 · 19 people listed · 15 paid, $3.8M · 0 employees · 0 volunteers
| Name | Title | Hrs/wk | From org | From related | Other | Total | Orgs |
|---|---|---|---|---|---|---|---|
| Murray Watson | President | 1 | $0 | $1,183,043 | $32,770 | $1,215,813 | 15 |
| Ricky Turman | EVP / CFO | 1 | $0 | $493,810 | $43,883 | $537,693 | 19 |
| David Horner | First Vice President | 1 | $0 | $454,978 | $40,649 | $495,627 | 14 |
| Ellis Treadway | Second Vice President | 1 | $0 | $338,722 | $38,101 | $376,823 | 3 |
| Kelli Villarrial | Associate General Counsel | 1 | $0 | $270,736 | $30,872 | $301,608 | 13 |
| Thomas Litle | VP Legal Affairs/Inden Ovrsght | 1 | $0 | $239,578 | $28,098 | $267,676 | 17 |
| Tammy Harralson | Controller/VP | 1 | $0 | $202,037 | $31,284 | $233,321 | 15 |
| Daniel Reyna | Internal Audit Director | 1 | $0 | $142,909 | $17,620 | $160,529 | 17 |
| James McInnis | Treasurer | 1 | $0 | $101,285 | $17,820 | $119,105 | 13 |
| Susan Davis | Assistant Secretary | 1 | $0 | $73,656 | $14,026 | $87,682 | 17 |
| Wilton Lanning | Vice Chairman | 1 | $0 | $861 | $0 | $861 | 14 |
| Mrs Jane Allen | Director | 1 | $0 | $814 | $0 | $814 | 4 |
| Scott Felton | Director | 1 | $0 | $814 | $0 | $814 | 10 |
| Dr Dennis Michaelis | Director | 1 | $0 | $814 | $0 | $814 | 6 |
| Dr Terry Maness | Director | 1 | $0 | $703 | $0 | $703 | 7 |
| Bob Chambers | Chairman | 1 | $0 | $0 | $0 | $0 | 13 |
| Clement Milam | Director | 1 | $0 | $0 | $0 | $0 | 7 |
| Mrs Joyce Packard | Director | 1 | $0 | $0 | $0 | $0 | 16 |
| Ray Rushing | Secretary | 1 | $0 | $0 | $0 | $0 | 14 |
Highest-paid independent contractors
No independent contractors reported.
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 |
|---|---|---|---|---|---|---|---|---|
| 2017 · Form 990 | ||||||||
| $4,985,651 | $3,763,300 | $90,028,275 | $4,900,622 | $0 | $4,955,227 | $0 | 0 | 7 |
| 2016 · Form 990 | ||||||||
| $5,468,313 | $3,365,170 | $100,801,293 | $3,678,271 | $0 | $5,453,423 | $0 | 0 | 7 |
| 2015 · Form 990 | ||||||||
| $4,038,972 | $2,463,844 | $111,686,336 | $1,575,128 | $0 | $4,037,692 | $0 | 0 | 0 |
| 2013 · Form 990 | ||||||||
| $2,929,229 | $2,748,719 | $131,801,823 | -$1,306,247 | $0 | $2,929,067 | $0 | 0 | 0 |
| 2012 · Form 990 | ||||||||
| $3,398,280 | $2,788,447 | $147,491,378 | -$1,486,757 | $0 | $3,397,933 | $0 | 0 | 0 |
| 2011 · Form 990 | ||||||||
| $735,786 | $968,542 | $165,520,257 | -$7,135,361 | $0 | $735,691 | $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 LOAN AUTHORITY INC Waco, TX · 13 people in common (Bob Chambers, Clement Milam, Darrell Brooks) · related organization (Schedule R)
- Acapita Education Finance Corporation Waco, TX · 11 people in common (Darrell Brooks, Dr Terry Maness, Kelli Villarrial) · related organization (Schedule R)
- BRAZOS HIGHER EDUCATION AUTHORITY INC Waco, TX · 11 people in common (Bob Chambers, Darrell Brooks, Kelli Villarrial)
- BRAZOS HIGHER EDUCATION SERVICE CORPORATION INC Waco, TX · 11 people in common (Bob Chambers, Darrell Brooks, Dr Terry Maness) · related organization (Schedule R)
- Brazos Student Finance Corporation Waco, TX · 11 people in common (Bob Chambers, Darrell Brooks, Jane Allen) · related organization (Schedule R)
- Federated Student Finance Corporation Waco, TX · 11 people in common (Bob Chambers, Darrell Brooks, Kelli Villarrial) · related organization (Schedule R)
- Trinity Higher Education Authority Inc Waco, TX · 11 people in common (Bob Chambers, Darrell Brooks, Kelli Villarrial) · related organization (Schedule R)
- ACADEMIC FINANCE CORPORATION Waco, TX · 11 people in common (Bob Chambers, Clement Milam, Kelli Villarrial) · related organization (Schedule R)
- BRAZOS EDUCATION LENDING CORPORATION Waco, TX · 10 people in common (Bob Chambers, Clement Milam, Darrell Brooks) · related organization (Schedule R)
- Bosque Higher Education Authority Inc Waco, TX · 10 people in common (Darrell Brooks, Dr Terry Maness, Kelli Villarrial) · related organization (Schedule R)
- Angelina Higher Education Authority Inc Waco, TX · 10 people in common (Bob Chambers, Clement Milam, Dr Terry Maness) · related organization (Schedule R)
- EDUCATIONAL FUNDING SERVICES INC Waco, TX · 10 people in common (Bob Chambers, Jane Allen, Kelli Villarrial) · related organization (Schedule R)
- BRAZOS EDUCATION FINANCE CORPORATION Waco, TX · 9 people in common (Bob Chambers, Clement Milam, Larry Smith) · related organization (Schedule R)
- EDINVEST COMPANY Waco, TX · 9 people in common (Bob Chambers, Clement Milam, Kelli Villarrial) · related organization (Schedule R)
- Brazos Education Foundation Inc Waco, TX · 4 people in common (Murray Watson, Ricky Turman, Susan Davis) · related organization (Schedule R)
- BRAZOS LOAN SERVICING INC Waco, TX · 4 people in common (Kelli Villarrial, Ricky Turman, Susan Davis)
- DR PEPPER MUSEUM AND FREE ENTERPRISE INSTITUTE Waco, TX · 1 person in common (Wilton Lanning)
- UNITED WAY OF WACO-MCLENNAN COUNTY Waco, TX · 1 person in common (Ricky Turman)
- GREATER WACO UNITED FUND FOUNDATION Waco, TX · 1 person in common (Ricky Turman)
- WACO BUSINESS LEAGUE Waco, TX · 1 person in common (Wilton Lanning)
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
| Organization | State | NTEE | Latest revenue | Latest expenses | Top-paid title | Top pay | Why similar |
|---|---|---|---|---|---|---|---|
| BRAZOS EDUCATION LENDING CORPORATION | TX | B82 | $3,185,593 | $3,332,466 | PRESIDENT/CEO | $994,139 | Similar name, revenue within 2x, same state, similar mission |
| BAC FUNDING CORPORATION | FL | S31 | $3,945,176 | $3,822,031 | Controller | $185,000 | Similar name, revenue within 2x |
| CPTFNC FUNDING CORPORATION | CA | Y30 | $1,837,600 | $213,898 | Chairman & CEO | $0 | Similar name, revenue within 5x |
| BRAZOS HIGHER EDUCATION SERVICE CORPORATION INC | TX | B82 | $33,774,034 | $8,934,501 | President & CEO | $994,139 | Similar name, revenue within 10x, same state, similar mission |
| Brazos Education Foundation Inc | TX | Not reported | $46,294 | $528,983 | President & CEO | $994,139 | Similar name, revenue differs more than 10x, same state |
| PCC EDUCATION FUND CORPORATION | CA | B12 | $91,199 | $65,405 | President | $0 | Similar name, revenue differs more than 10x |
| BRAZOS EDUCATION FINANCE CORPORATION | TX | Not reported | $0 | $0 | DIRECTOR | $0 | Similar name, same state, similar mission |
Who funds organizations like this
Grantors that funded the 7 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 MIAMI FOUNDATION INC | DAF sponsor | $41,916 | 2 | 1 | 2020–2023 | BAC FUNDING CORPORATION |
| FIDELITY INVESTMENTS CHARITABLE GIFT FUND | DAF sponsor | $25,870 | 4 | 1 | 2016–2019 | Brazos Education Foundation Inc |
| WELLS FARGO FOUNDATION | Private foundation | $25,000 | 1 | 1 | 2024–2024 | BAC FUNDING CORPORATION |
| WACO FOUNDATION | DAF sponsor | $25,000 | 1 | 1 | 2015–2015 | Brazos Education Foundation Inc |
| MIGHTYCAUSE CHARITABLE FOUNDATION | DAF sponsor | $5,610 | 1 | 1 | 2024–2024 | BAC FUNDING CORPORATION |
| GEORGES LURCY TR UW UA FBO LURCY CHARITABLE AND EDUCATIONAL TR | Private foundation | $5,000 | 1 | 1 | 2023–2023 | BAC FUNDING CORPORATION |
| BANK OF AMERICA CHARITABLE FOUNDATION INC | Private foundation | $5,000 | 3 | 1 | 2016–2018 | Brazos Education Foundation Inc |
| AMAZONSMILE FOUNDATION | Private foundation | $108 | 4 | 1 | 2020–2023 | Brazos Education Foundation Inc |
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.
2017 · Form 990 · $3,763,300 spent · pay $0 · grants $0 · events $0
| Line | As described | Total | Program | Management | Fundraising | Share |
|---|---|---|---|---|---|---|
| Interest | $2,423,967 | $2,423,967 | - | - | 64.4% | |
| Other (as described) | Dept of Education Rebate Fee | $926,651 | $926,651 | - | - | 24.6% |
| Fees: management | $225,024 | $225,024 | - | - | 6.0% | |
| Depreciation and depletion | $92,092 | $92,092 | - | - | 2.4% | |
| Other (as described) | Servicing Expense | $60,023 | $60,023 | - | - | 1.6% |
| Other (as described) | RATING FEE EXPENSE | $20,000 | $20,000 | - | - | 0.5% |
| Other (as described) | TRUSTEE FEE EXPENSE | $11,158 | $11,158 | - | - | 0.3% |
| All other expenses | $4,385 | $4,385 | - | - | 0.1% | |
| Total | $3,763,300 | 100% |
2016 · Form 990 · $3,365,170 spent · pay $0 · grants $0 · events $0
| Line | As described | Total | Program | Management | Fundraising | Share |
|---|---|---|---|---|---|---|
| Interest | $1,883,000 | $1,883,000 | - | - | 56.0% | |
| Other (as described) | Dept of Education Rebate Fees | $1,033,055 | $1,033,055 | - | - | 30.7% |
| Fees: management | $251,389 | $251,389 | - | - | 7.5% | |
| Depreciation and depletion | $82,215 | $82,215 | - | - | 2.4% | |
| Other (as described) | Servicing Expense | $77,909 | $77,909 | - | - | 2.3% |
| Other (as described) | RATING FEE EXPENSE | $20,000 | $20,000 | - | - | 0.6% |
| Other (as described) | TRUSTEE FEE EXPENSE | $12,475 | $12,475 | - | - | 0.4% |
| All other expenses | $5,127 | $5,127 | - | - | 0.2% | |
| Total | $3,365,170 | 100% |
2015 · Form 990 · $2,463,844 spent · pay $0 · grants $0 · events $0
| Line | As described | Total | Program | Management | Fundraising | Share |
|---|---|---|---|---|---|---|
| Interest | $1,220,672 | $1,220,672 | - | - | 49.5% | |
| Other (as described) | DEPT OF EDUCATION FEES | $842,690 | $842,690 | - | - | 34.2% |
| Other (as described) | OPERATING EXPENSE | $158,310 | $158,310 | - | - | 6.4% |
| Depreciation and depletion | $99,203 | $99,203 | - | - | 4.0% | |
| Other (as described) | SERVICING EXPENSE | $60,484 | $60,484 | - | - | 2.5% |
| Other (as described) | VALUATION ALLOWANCE/BAD | $56,261 | $56,261 | - | - | 2.3% |
| All other expenses | $26,224 | $26,224 | - | - | 1.1% | |
| Total | $2,463,844 | 100% |
2013 · Form 990 · $2,748,719 spent · pay $0 · grants $0 · events $0
| Line | As described | Total | Program | Management | Fundraising | Share |
|---|---|---|---|---|---|---|
| Interest | $1,441,621 | $1,441,621 | - | - | 52.4% | |
| Other (as described) | DEPT OF EDUCATION FEES | $569,356 | $569,356 | - | - | 20.7% |
| Other (as described) | VALUATION/BAD DEBT EXPE | $356,551 | $356,551 | - | - | 13.0% |
| Other (as described) | SERVICING EXPENSE | $197,975 | $197,975 | - | - | 7.2% |
| Other (as described) | OPERATING EXPENSE | $137,019 | $137,019 | - | - | 5.0% |
| All other expenses | $46,197 | $46,197 | - | - | 1.7% | |
| Total | $2,748,719 | 100% |
2012 · Form 990 · $2,788,447 spent · pay $0 · grants $0 · events $0
| Line | As described | Total | Program | Management | Fundraising | Share |
|---|---|---|---|---|---|---|
| Interest | $1,689,705 | $1,689,705 | - | - | 60.6% | |
| Other (as described) | DEPT OF EDUCATION FEES | $598,303 | $598,303 | - | - | 21.5% |
| Other (as described) | Servicing expense | $256,349 | $256,349 | - | - | 9.2% |
| Other (as described) | Operating expense | $153,312 | $153,312 | - | - | 5.5% |
| Other (as described) | Bad debt expense | $70,436 | $70,436 | - | - | 2.5% |
| All other expenses | $20,342 | $20,342 | - | - | 0.7% | |
| Total | $2,788,447 | 100% |
2011 · Form 990 · $968,542 spent · pay $0 · grants $0 · events $0
| Line | As described | Total | Program | Management | Fundraising | Share |
|---|---|---|---|---|---|---|
| Interest | $552,867 | $552,867 | - | - | 57.1% | |
| Other (as described) | DEPT OF EDUCATION FEES | $207,329 | $207,329 | - | - | 21.4% |
| Other (as described) | SERVICING EXPENSE | $137,417 | $137,417 | - | - | 14.2% |
| Other (as described) | OPERATING EXPENSE | $42,503 | $42,503 | - | - | 4.4% |
| Other (as described) | BAD DEBT EXPENSE | $17,353 | $17,353 | - | - | 1.8% |
| All other expenses | $9,775 | $9,775 | - | - | 1.0% | |
| Fees: legal | $1,298 | $1,298 | - | - | 0.1% | |
| Total | $968,542 | 100% |
Comments