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Brazos Education Lending Corporation

  • Waco, TX
  • Tax-exempt since Oct. 2006
  • EIN: 20-3870081

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
$757k (2023)

Expenses
$1.21M (2023)

Total Assets
$14.5M (2023)

Total Liabilities
$15M (2023)

Source: Form 990 tax filings from 2018 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
$757,340
Expenses
$1,211,418
Net Income
-$454,078
Net Assets
-$443,051
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $724,112
95.6%
Investment Income $33,228
4.4%
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 $14,509,145
Total Liabilities $14,952,196
Net Assets -$443,051
Compensation
Key Employees and Officers Compensation Related Other
Thomas Ben Litle (President/Ceo) $0 $691,410 $73,360
Ricky Turman (Evp/Coo/Cfo) $0 $632,670 $75,998
Kelli Uttech (Evp/General Counsel) $0 $403,310 $70,102
Samuel Redden (Svp/Cio) $0 $305,125 $69,176
Andrew Ellis (Vp Human Resources) $0 $296,218 $65,102
Randall Larson (Vp Sales) $0 $245,823 $58,370
Tammy Harralson (Vp/Controller) $0 $241,428 $57,555
Darrell Brooks (Treasurer) $0 $217,277 $53,520
Tiffany Jones (Secretary) $0 $89,013 $20,110
Robert B Chambers (Director) $0 $0 $0
Harry Harelik (Director) $0 $0 $0
Peter Kultgen (Director) $0 $0 $0
Dr Terry Maness (Director) $0 $0 $0
Clement Milam (Director) $0 $0 $0
David Myers (Director) $0 $0 $0
Andy Popejoy (Director) $0 $0 $0
Brent Wilson (Director End: 05/23) $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
$709,354
Expenses
$710,625
Net Income
-$1,271
Net Assets
$11,027
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $706,554
99.6%
Investment Income $2,800
0.4%
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 $3,386,482
Total Liabilities $3,375,455
Net Assets $11,027
Compensation
Key Employees and Officers Compensation Related Other
Thomas Ben Litle (President/Ceo) $0 $707,065 $68,031
Ricky Turman (Evp/Coo/Cfo) $0 $593,678 $71,273
Kelli Uttech (Svp/General Counsel) $0 $341,729 $63,567
Samuel Redden (Svp/Cio) $0 $285,677 $64,574
Andrew Ellis (Vp Human Resources) $0 $252,307 $54,867
Tammy Harralson (Vp/Controller) $0 $234,378 $57,610
Randall Larson (Vp Sales) $0 $226,544 $55,808
Darrell Brooks (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
Harry Harelik (Director) $0 $0 $0
Peter Kultgen (Director) $0 $0 $0
Dr Terry Maness (Director) $0 $0 $0
Clement Milam (Director) $0 $0 $0
David Myers (Director) $0 $0 $0
Andy Popejoy (Director) $0 $0 $0
Brent Wilson (Director) $0 $0 $0
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Document Links

990
Filed on Feb. 22, 2023

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

View Filing
XML

Fiscal Year Ending June
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$866,006
Expenses
$705,929
Net Income
$160,077
Net Assets
$12,298
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $865,236
99.9%
Investment Income $770
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 $2,354,899
Total Liabilities $2,342,601
Net Assets $12,298
Compensation
Key Employees and Officers Compensation Related Other
Thomas Ben Litle (President/Ceo) $0 $630,234 $67,486
Ricky Turman (Evp/Coo/Cfo) $0 $576,269 $70,564
Kelli Uttech (Svp/General Counsel) $0 $324,004 $62,677
Samuel Redden (Svp/Cio) $0 $271,419 $62,367
Andrew Ellis (Vp Human Resources) $0 $252,763 $57,081
Randall Larson (Vp Special Projects) $0 $219,125 $55,074
Tammy Harralson (Vp/Controller) $0 $210,638 $40,453
Darrell Brooks (Treasurer) $0 $172,811 $43,664
Susan Davis (Secretary) $0 $96,534 $28,681
Bob Chambers (Director) $0 $0 $0
Harry Harelik (Director) $0 $0 $0
Peter Kultgen (Director) $0 $0 $0
Dr Terry Maness (Director) $0 $0 $0
Clement Milam (Director) $0 $0 $0
Mrs Joyce Packard (Director) $0 $0 $0
David Myers (Director) $0 $0 $0
Andy Popejoy (Director) $0 $0 $0
Brent Wilson (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
$1,265,151
Expenses
$1,279,410
Net Income
-$14,259
Net Assets
-$147,779
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,098,220
86.8%
Investment Income $16,327
1.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $150,604
11.9%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $8,336,450
Total Liabilities $8,484,229
Net Assets -$147,779
Compensation
Key Employees and Officers Compensation Related Other
Thomas Ben Litle (President/Ceo) $0 $663,422 $66,167
Ricky Turman (Evp/Coo/Cfo) $0 $558,431 $70,150
Samuel Redden (Svp/Cio) $0 $269,455 $61,451
Andrew Ellis (Vp Human Resources) $0 $235,781 $57,574
Tammy Harralson (Vp/Controller) $0 $212,939 $54,326
Randall Larson (Vp Special Projects) $0 $212,598 $53,569
Darrell Brooks (Treasurer) $0 $161,313 $41,293
Susan Davis (Secretary) $0 $93,561 $29,386
Mrs Joyce Packard (Director) $0 $0 $0
Bob Chambers (Director) $0 $0 $0
Harry Harelik (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. 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
$492,933
Expenses
$553,297
Net Income
-$60,364
Net Assets
-$133,520
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $486,287
98.7%
Investment Income $6,646
1.3%
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 $15,958,170
Total Liabilities $16,091,690
Net Assets -$133,520
Compensation
Key Employees and Officers Compensation Related Other
Mrs Joyce Packard (Director) $0 $0 $0
Bob Chambers (Director) $0 $0 $0
Harry Harelik (Director) $0 $0 $0
Peter Kultgen (Director) $0 $0 $0
Dr Terry Maness (Director) $0 $0 $0
Clement Milam (Director) $0 $0 $0
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) $0 $425,756 $74,547
Susan Davis (Secretary) $0 $89,791 $30,818
Darrell Brooks (Treasurer) $0 $143,863 $46,853
Tammy Harralson (Vp/Controller) $0 $201,472 $47,571
Samuel Redden (Svp/Cio) $0 $248,411 $61,924
Randall Larson (Vp Special Projects) $0 $207,573 $50,888
Andrew Ellis (Vp Human Resources) $0 $205,597 $59,273
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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
$26,420
Expenses
$99,576
Net Income
-$73,156
Net Assets
-$73,156
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $25,181
95.3%
Investment Income $1,239
4.7%
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 $3,108,012
Total Liabilities $3,181,168
Net Assets -$73,156
Compensation
Key Employees and Officers Compensation Related Other
Mrs Joyce Packard (Director) $0 $0 $0
Bob Chambers (Director) $0 $0 $0
Harry Harelik (Director) $0 $0 $0
Peter Kultgen (Director) $0 $0 $0
Dr Terry Maness (Director) $0 $0 $0
Clement Milam (Director) $0 $0 $0
Murray Watson (President) $0 $1,080,748 $60,121
Thomas Ben Litle (Evp/Coo) $0 $427,380 $59,454
Ricky Turman (Evp/Cfo) $0 $417,416 $74,200
Samuel Redden (Svp/Cio) $0 $250,157 $59,990
Randall Larson (Vp Special Projects) $0 $204,328 $44,555
Andrew Ellis (Vp Human Resources) $0 $192,793 $50,041
Susan Davis (Secretary) $0 $86,403 $26,568
Darrell Brooks (Treasurer) $0 $143,765 $44,561
Janice White (Vp Admin/Asst.Sec. End 07/17) $0 $227,509 $24,344
Tammy Harralson (Vp Controller) $0 $195,999 $43,836
+ View more people

Document Links

990
Filed on March 11, 2019

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.

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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.

Updated