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Brazos Education Loan Authority Inc

  • Waco, TX
  • Tax-exempt since Oct. 2006
  • EIN: 20-3868073

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Educational Institutions and Related Activities / Scholarships, Student Financial Aid Services, Awards (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$80M (2023)

Expenses
$68.1M (2023)

Total Assets
$1.15B (2023)

Total Liabilities
$919M (2023)

Source: Form 990 tax filings from 2013 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending June
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$80,022,743
Expenses
$68,132,128
Net Income
$11,890,615
Net Assets
$230,676,871
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $77,449,858
96.8%
Investment Income $3,540,222
4.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$967,337
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,149,527,962
Total Liabilities $918,851,091
Net Assets $230,676,871
Compensation
Key Employees and Officers Compensation Related Other
Thomas Ben Litle (President/Ceo) $0 $691,410 $73,360
Ricky Turman (Evp/Coo/Cfo/Treasurer) $0 $632,670 $75,998
Kelli Uttech (Evp, General Counsel) $0 $403,310 $70,102
Tammy Harralson (Controller) $0 $241,428 $57,555
Darrell Brooks (Assistant Treasurer) $0 $217,277 $53,520
Tiffany Jones (Secretary) $0 $89,013 $20,110
Robert B Chambers (Director) $0 $0 $0
Claude Ervin (Director) $0 $0 $0
Peter Kultgen (Director) $0 $0 $0
Dr Terry Maness (Director) $0 $0 $0
Clement Milam (Director) $0 $0 $0
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Document Links

990
Filed on April 2, 2024

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending June
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$48,416,543
Expenses
$38,501,714
Net Income
$9,914,829
Net Assets
$272,258,042
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $53,040,851
> 100%
Investment Income $129,039
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue -$4,753,347
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,464,923,579
Total Liabilities $1,192,665,537
Net Assets $272,258,042
Compensation
Key Employees and Officers Compensation Related Other
Thomas Ben Litle (President/Ceo) $0 $707,065 $68,031
Ricky Turman (Evp/Coo/Cfo/Treasurer) $0 $593,678 $71,273
Kelli Uttech (Svp/General Counsel) $0 $341,729 $63,567
Tammy Harralson (Controller) $0 $234,378 $57,610
Darrell Brooks (Assistant Treasurer) $0 $186,941 $46,110
Susan Davis (Secretary End: 06/21) $0 $131,448 $20,232
Tiffany Jones (Secretary) $0 $84,031 $18,574
Robert B Chambers (Director) $0 $0 $0
Claude Ervin (Director) $0 $0 $0
Peter Kultgen (Director) $0 $0 $0
Dr Terry Maness (Director) $0 $0 $0
Clement Milam (Director) $0 $0 $0
+ View more people

Document Links

990
Filed on Feb. 22, 2023

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending June
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$48,404,899
Expenses
$45,049,059
Net Income
$3,355,840
Net Assets
$299,630,082
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $48,366,596
99.9%
Investment Income $38,303
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,635,844,964
Total Liabilities $1,336,214,882
Net Assets $299,630,082
Compensation
Key Employees and Officers Compensation Related Other
Thomas Ben Litle (President/Ceo) $0 $630,234 $67,486
Ricky Turman (Evp/Coo/Cfo/Treasurer) $0 $576,269 $70,564
Kelli Uttech (Svp/General Counsel) $0 $324,004 $62,677
Tammy Harralson (Controller) $0 $210,638 $40,453
Darrell Brooks (Assistant Treasurer) $0 $172,811 $43,664
Susan Davis (Secretary) $0 $96,534 $28,681
Claude Ervin (Director) $0 $0 $0
Bob Chambers (Director) $0 $0 $0
Tom Chase (Director) $0 $0 $0
Peter Kultgen (Director) $0 $0 $0
Dr Terry Maness (Director) $0 $0 $0
Clement Milam (Director) $0 $0 $0
Joyce Packard (Director) $0 $0 $0
+ View more people

Document Links

990
Filed on Feb. 9, 2022

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending June
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$70,060,804
Expenses
$69,520,585
Net Income
$540,219
Net Assets
$296,274,242
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $69,259,112
98.9%
Investment Income $801,692
1.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,824,870,580
Total Liabilities $1,528,596,338
Net Assets $296,274,242
Compensation
Key Employees and Officers Compensation Related Other
Thomas Ben Litle (President/Ceo) $0 $663,422 $66,167
Ricky Turman (Evp/Coo/Cfo/Treasurer) $0 $558,431 $70,150
Tammy Harralson (Controller) $0 $212,939 $54,326
Darrell Brooks (Assistant Treasurer) $0 $161,313 $41,293
Susan Davis (Secretary) $0 $93,561 $29,386
Claude Ervin (Director) $0 $0 $0
Bob Chambers (Director) $0 $0 $0
Tom Chase (Director) $0 $0 $0
Peter Kultgen (Director) $0 $0 $0
Dr Terry Maness (Director) $0 $0 $0
Mrs Joyce Packard (Director) $0 $0 $0
Clement Milam (Director) $0 $0 $0
+ View more people

Document Links

990
Filed on Feb. 19, 2021

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending June
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$91,653,461
Expenses
$88,304,830
Net Income
$3,348,631
Net Assets
$295,732,431
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $90,112,367
98.3%
Investment Income $1,541,094
1.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $2,046,820,449
Total Liabilities $1,751,088,018
Net Assets $295,732,431
Compensation
Key Employees and Officers Compensation Related Other
Claude Ervin (Director) $0 $0 $0
Bob Chambers (Director) $0 $0 $0
Tom Chase (Director) $0 $0 $0
Peter Kultgen (Director) $0 $0 $0
Dr Terry Maness (Director) $0 $0 $0
Mrs Joyce Packard (Director) $0 $0 $0
Clement Milam (Chairman) $0 $0 $0
Tammy Harralson (Controller) $0 $201,472 $47,571
Murray Watson (President (End: 07/24/18)) $0 $2,570,113 $63,227
Thomas Ben Litle (President/Ceo) $0 $446,793 $63,957
Ricky Turman (Evp/Coo/Cfo/Treasurer) $0 $425,756 $74,547
Susan Davis (Secretary) $0 $89,791 $30,818
Darrell Brooks (Assistant Treasurer) $0 $143,863 $46,853
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Document Links

990
Filed on Jan. 31, 2020

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending June
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$86,050,416
Expenses
$77,771,278
Net Income
$8,279,138
Net Assets
$292,371,800
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $85,055,355
98.8%
Investment Income $995,061
1.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $2,228,524,710
Total Liabilities $1,936,152,910
Net Assets $292,371,800
Compensation
Key Employees and Officers Compensation Related Other
Claude Ervin (Director) $0 $0 $0
Bob Chambers (Director) $0 $0 $0
Tom Chase (Vice Chairman) $0 $0 $0
Peter Kultgen (Director) $0 $0 $0
Dr Terry Maness (Director) $0 $0 $0
Mrs Joyce Packard (Director) $0 $0 $0
Clement Milam (Chairman) $0 $0 $0
Tammy Harralson (Controller) $0 $195,999 $43,836
Murray Watson (President) $0 $1,080,748 $60,121
Thomas Ben Litle (Evp/Coo) $0 $427,380 $59,454
Ricky Turman (Evp/Cfo/Treasurer) $0 $417,416 $74,200
Susan Davis (Secretary) $0 $86,403 $26,568
Darrell Brooks (Assistant Treasurer) $0 $143,765 $44,561
Kelli Villarrial (Vp. Assoc. Gen. Counsel) $0 $282,995 $51,147
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Document Links

990
Filed on March 11, 2019

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending June
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$83,129,641
Expenses
$71,635,834
Net Income
$11,493,807
Net Assets
$284,092,662
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $82,743,029
99.5%
Investment Income $386,612
0.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $2,482,136,677
Total Liabilities $2,198,044,015
Net Assets $284,092,662
Compensation
Key Employees and Officers Compensation Related Other
Claude Ervin (Director) $0 $0 $0
Bob Chambe Rs (Director) $0 $0 $0
Tom Chase (Vice Chairman) $0 $0 $0
Peter Kultgen (Director) $0 $0 $0
Dr Terry Maness (Director) $0 $0 $0
Mrs Joyce Packard (Director) $0 $0 $0
Wilton Lanning (Director) $0 $0 $0
Clement Milam (Chairman) $0 $0 $0
Tammy Harralson (Controller) $0 $192,387 $45,284
Murray Watson (President) $0 $986,662 $61,945
Thomas Ben Litle (Evp/Coo) $0 $401,383 $72,118
Ricky Turman (Evp/Cfo/Treasurer) $0 $394,161 $76,111
Susan Davis (Secretary) $0 $85,612 $27,756
Darrell Brooks (Assistant Treasurer) $0 $139,982 $44,561
Kelli Villarrial (Vp, Assoc. Gen. Counsel) $0 $261,592 $54,365
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990
Filed on Feb. 9, 2018

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending June
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$87,465,746
Expenses
$68,058,143
Net Income
$19,407,603
Net Assets
$272,598,855
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $87,286,153
99.8%
Investment Income $55,110
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $124,483
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $2,770,528,521
Total Liabilities $2,497,929,666
Net Assets $272,598,855
Compensation
Key Employees and Officers Compensation Related Other
Mrs Joyce Packard (Chairman) $0 $0 $0
Peter Kultgen (Vice Chairman) $0 $0 $0
Bob Chambers (Director) $0 $0 $0
Tom Chase (Director) $0 $0 $0
Claude Ervin (Director) $0 $0 $0
Wilton Lanning (Director) $0 $0 $0
Dr Terry Maness (Director) $0 $0 $0
Clement Milam (Director) $0 $0 $0
Murry Watson Jr (President/Gen Counsel) $0 $849,956 $38,278
Ricky Turman (Evp/Cfo & Treasurer) $0 $378,696 $56,482
Thomas Ben Litle (Evp/Coo/Bond Counsel) $0 $351,440 $53,062
Tammy Harralson (Controller) $0 $183,130 $29,696
Darrell Brooks (Asst Treasurer) $0 $135,882 $33,849
Susan Davis (Secretary) $0 $89,959 $19,832
Ellis Tredway (Former Evp/Coo) $0 $488,506 $33,131
Daniel Reyna (Former Internal Audit Director) $0 $153,218 $23,642
James Mcinnis (Former Asst Treasurer) $0 $102,327 $17,795
+ View more people

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990
Filed on Feb. 9, 2017

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending June
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$40,950,985
Expenses
$30,337,368
Net Income
$10,613,617
Net Assets
$253,191,251
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $40,875,785
99.8%
Investment Income $2,577
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $72,623
0.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $3,086,968,371
Total Liabilities $2,833,777,120
Net Assets $253,191,251
Compensation
Key Employees and Officers Compensation Related Other
Mrs Joyce Packard (Chairman) $0 $0 $0
Peter Kultgen (Vice Chairman) $0 $0 $0
Bob Chambers (Director) $0 $0 $0
Tom Chase (Director) $0 $0 $0
Claude Ervin (Director) $0 $0 $0
Wilton Lanning (Director) $0 $0 $0
Dr Terry Maness (Director) $0 $0 $0
Clement Milam (Director) $0 $0 $0
Murry Watson (President/Gen Counsel) $0 $1,049,193 $36,775
Ricky Turman (Evp/Cfo & Treasurer) $0 $447,329 $55,565
Thomas Ben Litle (Evp/Coo) $0 $523,131 $47,232
Ellis Tredway (Evp/Coo) $0 $468,566 $48,483
Tammy Harralson (Controller) $0 $190,153 $32,938
Daniel Reyna (Internal Audit Director) $0 $132,199 $23,940
James Mcinnis (Asst Treasurer) $0 $104,231 $22,256
Darrell Brooks (Asst Treasurer) $0 $144,377 $36,119
Susan Davis (Secretary) $0 $93,565 $20,813
Ray Rushing (Asst Secretary) $0 $0 $0
+ View more people

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990
Filed on March 18, 2016

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending June
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$4,386,211
Expenses
$2,805,698
Net Income
$1,580,513
Net Assets
-$183,342
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $4,386,093
100.0%
Investment Income $118
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $87,230,417
Total Liabilities $87,413,759
Net Assets -$183,342
Compensation
Key Employees and Officers Compensation Related Other
Mrs Joyce Packard (Chairman) $0 $0 $0
Peter Kultgen (Vice Chairman) $0 $0 $0
Bob Chambers (Director) $0 $0 $0
Tom Chase (Director) $0 $0 $0
Claude Ervin (Director) $0 $0 $0
Wilton Lanning (Director) $0 $0 $0
Dr Terry Maness (Director) $0 $0 $0
Dennis Michaelis (Director) $0 $0 $0
Clement Milam (Director) $0 $0 $0
Murry Watson (President) $0 $1,307,110 $40,939
Ricky Turman (Evp/Cfo & Treasurer) $0 $570,079 $55,391
Ellis Tredwday (Evp/Coo) $0 $572,862 $48,331
Thomas Litle (Bond Counsel) $0 $331,492 $45,836
Tammy Harralson (Controller) $0 $219,448 $35,550
Daniel Reyna (Internal Audit Director) $0 $153,601 $26,630
James Mcinnis (Asst Treasurer) $0 $112,269 $23,321
Susan Davis (Secretary) $0 $103,935 $21,930
Ray Rushing (Asst Secretary) $0 $0 $0
+ View more people

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990
Filed on March 10, 2015

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending June
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,665,116
Expenses
$2,383,400
Net Income
$1,281,716
Net Assets
-$1,763,855
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $3,664,814
100.0%
Investment Income $302
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $97,593,110
Total Liabilities $99,356,965
Net Assets -$1,763,855

Document Links

990
Filed on June 6, 2014

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

API

The data powering this website is available programmatically, via an API. Read the API documentation »

Byline

By Andrea Suozzo, Alec Glassford and Ash Ngu, ProPublica, and Brandon Roberts, Special to ProPublica.
Design by Jeff Frankl. Additional development by Ken Schwencke, Mike Tigas, and Sisi Wei.

E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

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