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Brazos Education Funding Corporation Inc

  • Waco, TX
  • EIN: 20-3870176

Organization summary

Organization summary might be incomplete or out of date

This organization is not listed in the IRS's most recent list of tax exempt organizations, but we have data associated with this Employer Identification Number.

Summary charts: organization finances over time

Revenue
$4.99M (2018)

Expenses
$3.76M (2018)

Total Assets
$90M (2018)

Total Liabilities
$85.1M (2018)

Source: Form 990 tax filings from 2012 to 2018

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 April
2019

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

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

PDF

Fiscal Year Ending June
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$4,985,651
Expenses
$3,763,300
Net Income
$1,222,351
Net Assets
$4,900,622
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $4,955,227
99.4%
Investment Income $25,237
0.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $5,187
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $90,028,275
Total Liabilities $85,127,653
Net Assets $4,900,622
Compensation
Key Employees and Officers Compensation Related Other
Mrs Jane Allen (Director) $0 $0 $0
Bob Chambers (Chairman) $0 $0 $0
Dr Charles E Madden (Director) $0 $0 $0
Larry Smith (Director) $0 $0 $0
Dr Terry Maness (Director) $0 $0 $0
Mrs Joyce Packard (Director) $0 $0 $0
Wilton Lanning (Vice Chairman) $0 $0 $0
Clement Milam (Director) $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 (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
$5,468,313
Expenses
$3,365,170
Net Income
$2,103,143
Net Assets
$3,678,271
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $5,453,423
99.7%
Investment Income $9,983
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $4,907
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $100,801,293
Total Liabilities $97,123,022
Net Assets $3,678,271
Compensation
Key Employees and Officers Compensation Related Other
Mrs Jane Allen (Director) $0 $0 $0
Bob Chambers (Chairman) $0 $0 $0
Dr Charles S Madden (Director) $0 $0 $0
Larry Smith (Director) $0 $0 $0
Dr Terry Maness (Director) $0 $0 $0
Mrs Joyce Packard (Director) $0 $0 $0
Wilton Lanning (Vice Chairman) $0 $0 $0
Clement Milam (Director) $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 (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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Document Links

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
$4,038,972
Expenses
$2,463,844
Net Income
$1,575,128
Net Assets
$1,575,128
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $4,037,692
100.0%
Investment Income $1,280
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 $111,686,336
Total Liabilities $110,111,208
Net Assets $1,575,128
Compensation
Key Employees and Officers Compensation Related Other
Bob Chambers (Chairman) $0 $0 $0
Wilton Lanning (Vice Chairman) $0 $0 $0
Mrs Jane Allen (Director) $0 $0 $0
Dr Terry Maness (Director) $0 $0 $0
Dr Charles Stan Madden (Director) $0 $0 $0
Clement Milam (Director) $0 $0 $0
Mrs Joyce Packard (Director) $0 $0 $0
Larry Smith (Director) $0 $0 $0
Murray Watson Jr (President) $0 $849,956 $38,278
Ricky Turman (Cfo/Treasurer) $0 $378,696 $56,482
Thomas Ben Litle (Coo) $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 Treadway (Former Evp/Coo) $0 $488,506 $33,131
James Mcinnis (Former Treasurer) $0 $101,327 $17,795
David Horner (Former Evp) $0 $87,125 $28,430
Kelli Villarrial (Former Vp, Assoc Gen Couns) $0 $267,785 $41,588
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Document Links

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
$2,347,345
Expenses
$1,016,797
Net Income
$1,330,548
Net Assets
$1
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,130,426
48.2%
Investment Income $47
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $1,216,872
51.8%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1
Total Liabilities $0
Net Assets $1

Document Links

990

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

PDF

Fiscal Year Ending June
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,929,229
Expenses
$2,748,719
Net Income
$180,510
Net Assets
-$1,306,247
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $2,929,067
100.0%
Investment Income $162
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 $131,801,823
Total Liabilities $133,108,070
Net Assets -$1,306,247
Compensation
Key Employees and Officers Compensation Related Other
Bob Chambers (Chairman) $0 $0 $0
Wilton Lanning (Vice Chairman) $0 $0 $0
Mrs Jane Allen (Director) $0 $0 $0
Dr Terry Maness (Director) $0 $0 $0
Dr Dennis Michaelis (Director) $0 $0 $0
Clement Milam (Director) $0 $0 $0
Mrs Joyce Packard (Director) $0 $0 $0
Larry Smith (Director) $0 $0 $0
Murray Watson (President) $0 $1,307,110 $40,939
Ricky Turman (Evp/Cfo) $0 $570,079 $55,391
Ellis Tredway (Evp, Coo) $0 $572,862 $48,331
Tammy Harralson (Controller/Vp) $0 $219,448 $35,550
James Mcinnis (Treasurer) $0 $112,269 $23,321
Susan Davis (Asst Secretary) $0 $103,935 $21,930
Ray Rushing (Asst Secretary) $0 $0 $0
David Horner (Former Evp) $0 $403,072 $51,287
Kelli Villarrial (Former Vp, Assoc Gen Counsel) $0 $287,038 $40,638
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Document Links

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
$3,398,280
Expenses
$2,788,447
Net Income
$609,833
Net Assets
-$1,486,757
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $3,397,933
100.0%
Investment Income $347
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 $147,491,378
Total Liabilities $148,978,135
Net Assets -$1,486,757

Document Links

990
Filed on May 27, 2014

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

View Filing
PDF XML

Fiscal Year Ending June
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$735,786
Expenses
$968,542
Net Income
-$232,756
Net Assets
-$7,135,361
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $735,691
100.0%
Investment Income $95
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 $165,520,257
Total Liabilities $172,655,618
Net Assets -$7,135,361

Document Links

990

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

PDF

About This Data

What Is 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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About Nonprofit Explorer

Nonprofit Explorer

Browse millions of annual returns filed by tax-exempt organizations with ProPublica’s Nonprofit Explorer. See details like executive compensation, revenue, expenses and more. Search for an organization or a person, or search the full text of filings.

By Andrea Suozzo, Alec Glassford, Ash Ngu and Brandon Roberts.

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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