Nonprofit · EIN 20-3870081
BRAZOS EDUCATION LENDING CORPORATION
Tax-exempt · WACO, TX 76712
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $3,185,593 | $3,332,466 | -$146,873 | $17,922,453 | $18,181,614 | -$259,161 |
| June 30, 2024 | 990 | $2,823,522 | $2,492,734 | $330,788 | $9,569,591 | $9,681,879 | -$112,288 |
| June 30, 2023 | 990 | $757,340 | $1,211,418 | -$454,078 | $14,509,145 | $14,952,196 | -$443,051 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $3,171,806
- Investment income
- $13,787
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Program services (functional)
- $3,332,466
Balance sheet and other
- Total assets, start of year
- $9,569,591
- Total assets, end of year
- $17,922,453
- Total liabilities, end of year
- $18,181,614
- Net assets, end of year
- -$259,161
- Gross receipts
- $3,185,593
- Employees
- 0
- Volunteers
- 9
- Year formed
- 2005
- State of legal domicile
- TX
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| THOMAS LITLE | PRESIDENT/CEO Trustee or director, Officer | 1 | $0 | $895,987 | $98,152 |
| RICKY TURMAN | EVP/COO/CFO Officer | 1 | $0 | $659,544 | $101,455 |
| KELLI UTTECH | EVP/GENERAL COUNSEL Officer | 1 | $0 | $459,985 | $83,927 |
| ANDREW ELLIS | VP HUMAN RESOURCES Officer | 1 | $0 | $307,699 | $80,931 |
| RANDALL LARSON | VP SALES Officer | 1 | $0 | $263,448 | $74,174 |
| TAMMY HARRALSON | VP/CONTROLLER Officer | 1 | $0 | $258,182 | $72,119 |
| DARRELL BROOKS | TREASURER Officer | 1 | $0 | $232,630 | $67,386 |
| TIFFANY JONES | SECRETARY Officer | 1 | $0 | $119,395 | $32,504 |
| ANDY POPEJOY | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| CLEMENT MILAM | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| Dr DAVID MYERS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DR TERRY MANESS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| HARRY HARELIK | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| Joe Nesbitt | Director Trustee or director | 1 | $0 | $0 | $0 |
| Justin Wiethorn | Director Trustee or director | 1 | $0 | $0 | $0 |
3 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Lance Hogg | Director Trustee or director | 1 | $0 |
| PETER KULTGEN | DIRECTOR Trustee or director | 1 | $0 |
| ROBERT B CHAMBERS | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 18 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| THOMAS BEN LITLE | PRESIDENT/CEO Trustee or director, Officer | 1 | $0 | $749,347 | $79,508 |
| RICKY TURMAN | EVP/COO/CFO Officer | 1 | $0 | $620,836 | $94,644 |
| SAMUEL REDDEN | SVP/CIO Officer | 1 | $0 | $488,496 | $60,667 |
| KELLI UTTECH | EVP/GENERAL COUNSEL Officer | 1 | $0 | $398,669 | $78,893 |
| ANDREW ELLIS | VP HUMAN RESOURCES Officer | 1 | $0 | $308,125 | $75,458 |
| RANDALL LARSON | VP SALES Officer | 1 | $0 | $258,173 | $67,950 |
| TAMMY HARRALSON | VP/CONTROLLER Officer | 1 | $0 | $246,347 | $67,073 |
| DARRELL BROOKS | TREASURER Officer | 1 | $0 | $219,241 | $62,199 |
| TIFFANY JONES | SECRETARY Officer | 1 | $0 | $102,795 | $29,339 |
| ANDY POPEJOY | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| CLEMENT MILAM | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DAVID MYERS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DR TERRY MANESS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| HARRY HARELIK | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| Joe Nesbitt | Director Trustee or director | 1 | $0 | $0 | $0 |
| Justin Wiethorn | Director Trustee or director | 1 | $0 | $0 | $0 |
| PETER KULTGEN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| ROBERT B CHAMBERS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended June 30, 2023: 17 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Thomas Ben Litle | PRESIDENT/CEO Trustee or director, Officer | 1 | $0 | $691,410 | $73,360 |
| Ricky Turman | EVP/COO/CFO Officer | 1 | $0 | $632,670 | $75,998 |
| Kelli Uttech | EVP/GENERAL COUNSEL Officer | 1 | $0 | $403,310 | $70,102 |
| SAMUEL REDDEN | SVP/CIO Officer | 1 | $0 | $305,125 | $69,176 |
| ANDREW ELLIS | VP HUMAN RESOURCES Officer | 1 | $0 | $296,218 | $65,102 |
| RANDALL LARSON | VP SALES Officer | 1 | $0 | $245,823 | $58,370 |
| Tammy Harralson | VP/CONTROLLER Officer | 1 | $0 | $241,428 | $57,555 |
| Darrell Brooks | Treasurer Officer | 1 | $0 | $217,277 | $53,520 |
| Tiffany Jones | Secretary Officer | 1 | $0 | $89,013 | $20,110 |
| Robert B Chambers | Director Trustee or director | 1 | $0 | $0 | $0 |
| Harry Harelik | Director Trustee or director | 1 | $0 | $0 | $0 |
| Peter Kultgen | Director Trustee or director | 1 | $0 | $0 | $0 |
| Dr Terry Maness | Director Trustee or director | 1 | $0 | $0 | $0 |
| Clement Milam | Director Trustee or director | 1 | $0 | $0 | $0 |
| David Myers | Director Trustee or director | 1 | $0 | $0 | $0 |
| Andy Popejoy | Director Trustee or director | 1 | $0 | $0 | $0 |
| Brent Wilson | Director END: 05/23 Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 5609 CROSSLAKE PKWY, WACO, TX 76712-5500
- In care of
- % RICKY TURMAN EVP/COO/CFO
- Mailing address (990-N for 2016)
- 2600 Washington, Waco TX 76710
- Principal officer (990 for 2024)
- RICKY TURMAN, 5609 Crosslake Pkwy, Waco, TX 76712
- Principal officer (990-N for 2016)
- MURRAY WATSON JR, 2600 Washington, Waco TX 76710
- Signed the 990
- RICKY TURMAN, EVP/COO/CFO
- Phone
- (254) 753-0915
- Website
- www.studentloans.com
- Return prepared by
- Forvis Mazars LLP
Mission
BRAZOS EDUCATION LENDING CORPORATION'S MISSION IS TO MAKE EDUCATION A REALITY BY SUPPORTING PROGRAMS AND INITIATIVES TO FINANCE EDUCATIONAL OPPORTUNITIES.
Program accomplishments
- BRAZOS EDUCATION LENDING CORPORATION HELD STUDENT LOANS UNDER PRIVATE STUDENT LOAN PROGRAMS. THESE LOANS WERE FUNDED THROUGH A LINE OF CREDIT.Expenses $3,332,466 · revenue $3,171,806
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 20-3870081
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2006
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B82)
- Assets (IRS master file)
- $17,922,453
- Income (IRS master file)
- $3,185,593
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $3,185,593 | $3,332,466 | $17,922,453 | XML |
| 990 | June 2024 | $2,823,522 | $2,492,734 | $9,569,591 | IRS |
| 990 | June 2023 | $757,340 | $1,211,418 | $14,509,145 | XML |
| 990 | June 2022 | $709,354 | $710,625 | $3,386,482 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
| 990-N for 2016 Officer: MURRAY WATSON JR | June 30, 2017 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 20-3870081).
Questions about BRAZOS EDUCATION LENDING CORPORATION
- What is the EIN of BRAZOS EDUCATION LENDING CORPORATION?
- The employer identification number (EIN) of BRAZOS EDUCATION LENDING CORPORATION is 20-3870081.
- Is BRAZOS EDUCATION LENDING CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2006.
- Are donations to BRAZOS EDUCATION LENDING CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does BRAZOS EDUCATION LENDING CORPORATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of BRAZOS EDUCATION LENDING CORPORATION due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did BRAZOS EDUCATION LENDING CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of BRAZOS EDUCATION LENDING CORPORATION?
- The 990 for the year ended June 30, 2025 names RICKY TURMAN.
- Who are the officers and directors of BRAZOS EDUCATION LENDING CORPORATION?
- The 990 for the year ended June 30, 2025 lists 18 people; 0 received compensation from the organization.
- How much revenue does BRAZOS EDUCATION LENDING CORPORATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $3,185,593, expenses of $3,332,466 and total assets of $17,922,453 at year end.
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