Nonprofit · EIN 74-2099402
BRAZOS HIGHER EDUCATION AUTHORITY INC
Tax-exempt · WACO, TX 76712
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $43,649,233 | $51,537,202 | -$7,887,969 | $510,450,178 | $482,578,202 | $27,871,976 |
| June 30, 2024 | 990 | $52,767,150 | $56,936,680 | -$4,169,530 | $697,868,797 | $662,108,855 | $35,759,942 |
| June 30, 2023 | 990 | $65,596,378 | $54,054,077 | $11,542,301 | $798,359,381 | $758,429,915 | $39,929,466 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $37,051,905
- Investment income
- $6,597,328
- Net gain from sales of assets
- $1,362,275
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $298,475
- Program services (functional)
- $51,537,202
Balance sheet and other
- Total assets, start of year
- $697,868,797
- Total assets, end of year
- $510,450,178
- Total liabilities, end of year
- $482,578,202
- Net assets, end of year
- $27,871,976
- Gross receipts
- $234,094,078
- Employees
- 0
- Volunteers
- 10
- Year formed
- 1975
- 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 | Executive Director Officer | 1 | $0 | $895,987 | $98,152 |
| Ricky Turman | EVP & CFO Officer | 1 | $0 | $659,544 | $101,455 |
| Kelli Uttech | EVP, General Counsel Officer | 1 | $0 | $459,985 | $83,927 |
| Tammy Harralson | Controller/VP Officer | 1 | $0 | $258,182 | $72,119 |
| Darrell Brooks | Treasurer Officer | 1 | $0 | $232,630 | $67,386 |
| Tiffany Jones | Exec. Corp. Secretary Officer | 1 | $0 | $119,395 | $32,504 |
| Paul McClinton | Vice President Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Robert D Chambers | President Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Claude Ervin | Director Trustee or director | 1 | $0 | $0 | $0 |
| Dr Andy Popejoy | 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 |
| Larry Smith | Director Trustee or director | 1 | $0 | $0 | $0 |
| Peter Kultgen | Director Trustee or director | 1 | $0 | $0 | $0 |
1 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Steven Bostick | Director Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 14 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| THOMAS BEN LITLE | EVP/COO/EXECUTIVE DIRECTOR Trustee or director, Officer | 1 | $0 | $749,347 | $79,508 |
| RICKY TURMAN | EVP/CFO Trustee or director, Officer | 1 | $0 | $620,836 | $94,644 |
| KELLI UTTECH | EVP/GENERAL COUNSEL Officer | 1 | $0 | $398,669 | $78,893 |
| 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 |
| VICKY SMITH | ASSISTANT SECRETARY End: 08/23 Officer | 1 | $0 | $98,799 | $23,691 |
| PAUL MCCLINTON | VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 | $0 |
| ROBERT B CHAMBERS | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 | $0 |
| CLAUDE ERVIN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DR ANDY POPEJOY | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| HARRY HARELIK | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| LARRY SMITH | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| PETER KULTGEN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended June 30, 2023: 15 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| THOMAS BEN LITLE | EVP/COO/Executive Director Trustee or director, Officer | 1 | $0 | $691,410 | $73,360 |
| RICKY TURMAN | EVP/CFO Trustee or director, Officer | 1 | $0 | $632,670 | $75,998 |
| KELLI UTTECH | EVP/General Counsel Officer | 1 | $0 | $403,310 | $70,102 |
| 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 |
| VICKY SMITH | Assistant Secretary Officer | 1 | $0 | $76,959 | $27,422 |
| Robert B Chambers | President Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Claude Ervin | 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 |
| Paul McClinton | Vice President Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Dr Andy Popejoy | Director Trustee or director | 1 | $0 | $0 | $0 |
| Larry Smith | Director Trustee or director | 1 | $0 | $0 | $0 |
| John Hatchel | Director 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/CFO
- Principal officer (990 for 2024)
- RICKY TURMAN, 5609 Crosslake Pkwy, Waco, TX 76712
- Signed the 990
- RICKY TURMAN, EVP/CFO
- Phone
- (254) 753-0915
- Website
- WWW.STUDENTLOANS.COM
- Return prepared by
- Forvis Mazars LLP
Mission
BRAZOS HIGHER EDUCATION AUTHORITY, INC.'S MISSION IS TO MAKE EDUCATION A REALITY BY SUPPORTING PROGRAMS AND INITIATIVES TO FINANCE EDUCATIONAL OPPORTUNITIES.
Program accomplishments
- BRAZOS HIGHER EDUCATION AUTHORITY, INC. HELD STUDENT LOANS UNDER THE TITLE IV FEDERAL FAMILY EDUCATION LOAN PROGRAM (FFELP) AND OTHER PRIVATE STUDENT LOAN PROGRAMS. THESE LOANS WERE FUNDED THROUGH PERMANENT FINANCINGS AND COMPANY FUNDS.Expenses $51,537,202 · revenue $38,414,180
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
- 74-2099402
- 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
- 2014
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B82)
- Assets (IRS master file)
- $510,450,178
- Income (IRS master file)
- $234,094,078
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $43,649,233 | $51,537,202 | $510,450,178 | XML |
| 990 | June 2024 | $52,767,150 | $56,936,680 | $697,868,797 | IRS |
| 990 | June 2023 | $65,596,378 | $54,054,077 | $798,359,381 | XML |
| 990 | June 2022 | $31,545,196 | $30,560,842 | $991,731,055 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
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 74-2099402).
Questions about BRAZOS HIGHER EDUCATION AUTHORITY INC
- What is the EIN of BRAZOS HIGHER EDUCATION AUTHORITY INC?
- The employer identification number (EIN) of BRAZOS HIGHER EDUCATION AUTHORITY INC is 74-2099402.
- Is BRAZOS HIGHER EDUCATION AUTHORITY INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2014.
- Are donations to BRAZOS HIGHER EDUCATION AUTHORITY INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does BRAZOS HIGHER EDUCATION AUTHORITY INC 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 HIGHER EDUCATION AUTHORITY INC 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 HIGHER EDUCATION AUTHORITY INC 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 HIGHER EDUCATION AUTHORITY INC?
- The 990 for the year ended June 30, 2025 names RICKY TURMAN.
- Who are the officers and directors of BRAZOS HIGHER EDUCATION AUTHORITY INC?
- The 990 for the year ended June 30, 2025 lists 16 people; 0 received compensation from the organization.
- How much revenue does BRAZOS HIGHER EDUCATION AUTHORITY INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $43,649,233, expenses of $51,537,202 and total assets of $510,450,178 at year end.
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