Brazos Higher Education Service Corporation Inc

Waco, TX
Tax-exempt since Nov. 1982
EIN: 74-2129255

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Type of Nonprofit

Designated as a 501(c)(3) 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.

Revenue

$16.3M (2023)

Expenses

$8.05M (2023)

Total Assets

$213M (2023)

Total Liabilities

$10.2M (2023)

Source: Form 990 tax filings from 2011 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

Revenue

$16,305,011

Expenses

$8,053,886

Net Income

$8,251,125

Net Assets

$202,400,597

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$9,508,446	58.3%
Investment Income	$6,791,655	41.7%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$4,910	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$4,119,905	51.2%
Professional Fundraising Fees	$0
Other Salaries and Wages	$2,069,235	25.7%

Assets/Debt
Total Assets	$212,610,560
Total Liabilities	$10,209,963
Net Assets	$202,400,597

Compensation

Key Employees and Officers	Compensation	Related	Other
Thomas Ben Litle (President/Ceo)	$691,410	$0	$73,360
Ricky Turman (Evp/Coo/Cfo)	$632,670	$0	$75,998
Kelli Uttech (Evp/General Counsel)	$403,310	$0	$70,102
Samuel Redden (Svp/Cio)	$305,125	$0	$69,176
Andrew Ellis (Vp Human Resources)	$296,218	$0	$65,102
Randall Larson (Vp Sales)	$245,823	$0	$58,370
John M Wright (Structured Finance Director)	$242,530	$0	$59,365
Tammy Harralson (Vp/Controller)	$241,428	$0	$57,555
Justin Green (Financial Services Director)	$238,764	$0	$6,601
Darrell Brooks (Treasurer)	$217,277	$0	$53,520
Debra Urias (Vp Student Lending Operations)	$212,041	$0	$47,107
Sarah Maccarthy (Vp, Compliance)	$189,483	$0	$43,243
Milicent Larson (Executive Dir, Brazos Fdn)	$187,542	$0	$39,912
Adele Williams (Director Of Programming)	$142,588	$0	$6,133
Tiffany Jones (Secretary)	$89,013	$0	$20,110
Nan Mac Donald (Vp Marketing)	$84,610	$0	$6,199
Vicky Smith (Assistant Secretary)	$76,959	$0	$27,422
Robert B Chambers (Director)	$0	$0	$0
John Hatchel (Director)	$0	$0	$0
Dr Terry Maness (Director)	$0	$0	$0
John Perry (Director)	$0	$0	$0
Dr Joseph Velez (Director End: 05/23)	$0	$0	$0
Greta Watson (Director)	$0	$0	$0
Steven Bostick (Director)	$0	$0	$0
Dr Andy Popejoy (Director)	$0	$0	$0

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990

Filed on April 2, 2024

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Fiscal Year Ending June
2022

Revenue

$12,631,577

Expenses

$7,608,789

Net Income

$5,022,788

Net Assets

$141,543,722

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$9,391,057	74.3%
Investment Income	$2,955,369	23.4%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$285,151	2.3%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$3,512,143	46.2%
Professional Fundraising Fees	$0
Other Salaries and Wages	$2,248,959	29.6%

Assets/Debt
Total Assets	$152,724,525
Total Liabilities	$11,180,803
Net Assets	$141,543,722

Compensation

Key Employees and Officers	Compensation	Related	Other
Thomas Ben Litle (President/Ceo)	$707,065	$0	$68,031
Ricky Turman (Evp/Coo/Cfo)	$593,678	$0	$71,273
Kelli Uttech (Svp/General Counsel)	$341,729	$0	$63,567
Samuel Redden (Svp/Cio)	$285,677	$0	$64,574
Andrew Ellis (Vp Human Resources)	$252,307	$0	$54,867
Justin Green (Financial Services Director)	$240,089	$0	$48,437
Tammy Harralson (Vp/Controller)	$234,378	$0	$57,610
Randall Larson (Vp Sales)	$226,544	$0	$55,808
John M Wright (Business Analytics Director)	$222,983	$0	$58,797
Darrell Brooks (Treasurer)	$186,941	$0	$46,110
Sarah Maccarthy (Vp Compliance)	$184,388	$0	$39,656
Debra Urias (Vp Customer Relations)	$169,540	$0	$37,801
Susan Davis (Corporate Secretary End: 06/21)	$131,448	$0	$20,232
Tiffany Jones (Secretary)	$84,031	$0	$18,574
Vicky Smith (Assistant Secretary)	$77,501	$0	$21,878
Milicent Larson (Executive Dir, Brazos Fdn)	$0	$165,692	$46,600
Robert B Chambers (Director)	$0	$0	$0
John Hatchel (Director)	$0	$0	$0
Dr Terry Maness (Director)	$0	$0	$0
John Perry (Director)	$0	$0	$0
Dr Joseph Velez (Director)	$0	$0	$0
Greta Watson (Director)	$0	$0	$0

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990

Filed on Feb. 22, 2023

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Fiscal Year Ending June
2021

Revenue

$13,301,559

Expenses

$8,267,745

Net Income

$5,033,814

Net Assets

$77,224,326

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$10,682,596	80.3%
Investment Income	$2,052,671	15.4%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$358,351	2.7%
Net Inventory Sales	$0
Other Revenue	$207,941	1.6%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$3,339,327	40.4%
Professional Fundraising Fees	$0
Other Salaries and Wages	$2,161,703	26.1%

Assets/Debt
Total Assets	$90,646,531
Total Liabilities	$13,422,205
Net Assets	$77,224,326

Compensation

Key Employees and Officers	Compensation	Related	Other
Thomas Ben Litle (President/Ceo)	$630,234	$0	$67,486
Ricky Turman (Evp/Coo/Cfo)	$576,269	$0	$70,564
Kelli Uttech (Svp/General Counsel)	$324,004	$0	$62,677
Samuel Redden (Svp/Cio)	$271,419	$0	$62,367
Andrew Ellis (Vp Human Resources)	$252,763	$0	$57,081
Justin Green (Financial Services Director)	$221,025	$0	$41,558
Randall Larson (Vp Special Projects)	$219,125	$0	$55,074
Tammy Harralson (Vp/Controller)	$210,638	$0	$40,453
John M Wright (Business Analytics Director)	$200,113	$0	$55,230
Sarah Mac Carthy (Vp Compliance)	$175,844	$0	$38,225
Darrell Brooks (Treasurer)	$172,811	$0	$43,664
Debra Urias (Vp Customer Relations)	$164,506	$0	$37,169
Milicent Larson (Executive Dir, Brazos Fdn)	$159,478	$0	$47,017
Susan Davis (Corporate Secretary)	$96,534	$0	$28,681
Vicky Smith (Assistant Secretary)	$72,447	$0	$25,035
Bob Chambers (Director)	$0	$0	$0
Tom Chase (Director)	$0	$0	$0
John Hatchel (Director)	$0	$0	$0
Norman L Hay Jr (Director)	$0	$0	$0
Dr Terry Maness (Director)	$0	$0	$0
Mrs Joyce Packard (Director)	$0	$0	$0
John Perry (Director)	$0	$0	$0
Dr Joseph Velez (Director)	$0	$0	$0
Greta Watson (Director)	$0	$0	$0

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990

Filed on Feb. 9, 2022

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Fiscal Year Ending June
2020

Revenue

$9,572,011

Expenses

$7,794,180

Net Income

$1,777,831

Net Assets

$71,616,475

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$8,111,770	84.7%
Investment Income	$946,436	9.9%
Bond Proceeds	$0
Royalties	$130	0.0%
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$352,887	3.7%
Net Inventory Sales	$0
Other Revenue	$160,788	1.7%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$3,365,078	43.2%
Professional Fundraising Fees	$0
Other Salaries and Wages	$2,345,392	30.1%

Assets/Debt
Total Assets	$84,191,943
Total Liabilities	$12,575,468
Net Assets	$71,616,475

Compensation

Key Employees and Officers	Compensation	Related	Other
Thomas Ben Litle (President/Ceo)	$663,422	$0	$66,167
Ricky Turman (Evp/Coo/Cfo)	$558,431	$0	$70,150
Kelli Uttech (Vp/General Counsel)	$308,236	$0	$61,514
Samuel Redden (Svp/Chief Information Officer)	$269,455	$0	$61,451
Andrew Ellis (Vp/Human Resources)	$235,781	$0	$57,574
Justin Green (Financial Services Director)	$214,820	$0	$40,159
Tammy Harralson (Controller/Vp)	$212,939	$0	$54,326
Randall Larson (Vp/Special Projects)	$212,598	$0	$53,569
Sarah Maccarthy (Vp/Compliance)	$175,761	$0	$35,515
John M Wright (Business Analytics Director)	$175,198	$0	$48,917
Darrell Brooks (Treasurer)	$161,313	$0	$41,293
Debra Urias (Vp Customer Relations)	$154,781	$0	$35,245
Milicent Larson (Executive Dir, Brazos Fdn)	$149,842	$0	$45,192
Susan Davis (Secretary)	$93,561	$0	$29,386
Vicky Smith (Assistant Secretary)	$70,002	$0	$24,297
Bob Chambers (Director)	$0	$0	$0
Tom Chase (Director)	$0	$0	$0
John Hatchel (Director)	$0	$0	$0
Norman L Hay Jr (Director)	$0	$0	$0
Dr Terry Maness (Director)	$0	$0	$0
Mrs Joyce Packard (Director)	$0	$0	$0
John Perry (Director)	$0	$0	$0
Dr Joseph F Velez (Director)	$0	$0	$0

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990

Filed on Feb. 19, 2021

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Fiscal Year Ending June
2019

Revenue

$10,562,441

Expenses

$8,011,433

Net Income

$2,551,008

Net Assets

$65,459,963

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$8,974,068	85.0%
Investment Income	$998,721	9.5%
Bond Proceeds	$0
Royalties	$365	0.0%
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$568,844	5.4%
Net Inventory Sales	$0
Other Revenue	$20,443	0.2%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$5,112,860	63.8%
Professional Fundraising Fees	$0
Other Salaries and Wages	$564,220	7.0%

Assets/Debt
Total Assets	$78,417,621
Total Liabilities	$12,957,658
Net Assets	$65,459,963

Compensation

Key Employees and Officers	Compensation	Related	Other
Murray Watson (President (End: 07/24/18))	$2,570,113	$0	$63,227
Thomas Ben Litle (President/Ceo)	$446,793	$0	$63,957
Ricky Turman (Evp/Coo/Cfo)	$425,756	$0	$74,547
Kelli Uttech (Vp/General Counsel)	$279,267	$0	$61,590
Samuel Redden (Svp/Chief Information Officer)	$248,411	$0	$61,924
Randall Larson (Vp/Special Projects)	$207,573	$0	$50,888
Andrew Ellis (Vp/Human Resources)	$205,597	$0	$59,273
Justin Green (Financial Services Director)	$202,222	$0	$44,885
Tammy Harralson (Controller/Vp)	$201,472	$0	$47,571
Sarah Mac Carthy (Vp/Compliance)	$161,790	$0	$36,302
John M Wright (Business Analytics Director)	$154,304	$0	$46,743
Milicent Larson (Executive Dir, Brazos Fdn)	$152,660	$0	$41,968
Debra Urias (Vp Customer Relations)	$145,412	$0	$34,048
Darrell Brooks (Treasurer)	$143,863	$0	$46,853
Susan Davis (Secretary)	$89,791	$0	$30,818
Vicky Smith (Assistant Secretary)	$61,068	$0	$26,774
Bob Chambers (Director)	$0	$0	$0
Tom Chase (Director)	$0	$0	$0
John Hatchel (Director)	$0	$0	$0
Norman L Hay Jr (Director)	$0	$0	$0
Dr Terry Maness (Director)	$0	$0	$0
Mrs Joyce Packard (Director)	$0	$0	$0
John Perry (Director)	$0	$0	$0
Dr Joseph F Velez (Director)	$0	$0	$0

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990

Filed on Jan. 31, 2020

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990-T

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Fiscal Year Ending June
2018

Revenue

$11,343,882

Expenses

$8,708,241

Net Income

$2,635,641

Net Assets

$59,899,741

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$9,479,569	83.6%
Investment Income	$1,366,560	12.0%
Bond Proceeds	$0
Royalties	$1,241	0.0%
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	-$139,754
Net Inventory Sales	$0
Other Revenue	$636,266	5.6%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$3,489,075	40.1%
Professional Fundraising Fees	$0
Other Salaries and Wages	$2,110,430	24.2%

Assets/Debt
Total Assets	$75,470,768
Total Liabilities	$15,571,027
Net Assets	$59,899,741

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Murray Watson (President)	$1,080,748	$0	$60,121
Thomas Ben Litle (Evp/Coo)	$427,380	$0	$59,454
Ricky Turman (Evp/Cfo)	$417,416	$0	$74,200
Kelli Villarrial (Vp, Assoc. Gen. Counsel)	$282,995	$0	$51,147
Samuel Redden (Svp/Cio)	$250,157	$0	$59,990
Janice White (Asst. Secretary End 07/2017)	$227,509	$0	$24,344
Justin Green (Financial Svs Director)	$210,323	$0	$48,798
Randall Larson (Vp, Special Projects)	$204,328	$0	$44,555
Tammy Harralson (Controller/Vp)	$195,999	$0	$43,836
Andrew Ellis (Vp, Human Resources)	$192,793	$0	$50,041
Sarah Maccarthy (Vp, Compliance)	$163,769	$0	$33,772
John M Wright (Business Analytics Director)	$156,035	$0	$44,613
Darrell Brooks (Treasurer)	$143,765	$0	$44,561
Debra Urias (Vp, Customer Relations)	$141,274	$0	$31,479
Milicent Larson (Exec Dir, Brazos Fdn)	$139,310	$0	$37,185
Susan Davis (Secretary)	$86,403	$0	$26,568
Vicky Smith (Assistant Secretary)	$38,893	$0	$13,321
Bob Chambers (Director)	$0	$0	$0
Tom Chase (Director)	$0	$0	$0
Norman Hay Jr (Director)	$0	$0	$0
Wilton Lanning (Director)	$0	$0	$0
Dr Terry Maness (Director)	$0	$0	$0
Mrs Joyce Packard (Director)	$0	$0	$0
John Perry (Director)	$0	$0	$0
Dr Joseph Velez (Director)	$0	$0	$0
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990

Filed on March 11, 2019

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990-T

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Fiscal Year Ending June
2017

Revenue

$14,317,810

Expenses

$12,463,785

Net Income

$1,854,025

Net Assets

$55,996,178

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$10,894,931	76.1%
Investment Income	$1,114,512	7.8%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$38,942	0.3%
Net Fundraising	$0
Sales of Assets	$1,192,892	8.3%
Net Inventory Sales	$0
Other Revenue	$1,076,533	7.5%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$3,493,884	28.0%
Professional Fundraising Fees	$0
Other Salaries and Wages	$2,129,186	17.1%

Assets/Debt
Total Assets	$74,845,733
Total Liabilities	$18,849,555
Net Assets	$55,996,178

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Murray Watson (President)	$986,662	$0	$61,945
Thomas Ben Litle (Evp/Coo)	$401,383	$0	$72,118
Ricky Turman (Evp/Cfo)	$394,161	$0	$76,111
Kelli Villarrial (Vp, Assoc. Gen. Counsel)	$261,592	$0	$54,365
Samuel Redden (Svp/Cio)	$233,212	$0	$58,661
Randall Larson (Vp, Special Projects)	$199,263	$0	$46,594
Tammy Harralson (Controller/Vp)	$192,387	$0	$45,284
Andrew Ellis (Vp, Human Resources)	$185,819	$0	$48,935
John M Wright (Business Analytics Director)	$159,349	$0	$52,316
Sarah Maccarthy (Vp, Compliance)	$156,922	$0	$33,492
Janice White (Vp Admin/Asstnt Secretary)	$155,426	$0	$38,010
Milicent Larson (Exec Dir, Brazos Fdn)	$146,575	$0	$38,685
Darrell Brooks (Treasurer)	$139,982	$0	$44,561
Debra Urias (Vp, Customer Relations)	$138,161	$0	$32,682
Susan Davis (Secretary)	$85,612	$0	$27,756
Bob Chambers (Director)	$0	$0	$0
Tom Chase (Vice Chairman)	$0	$0	$0
Norman Hay Jr (Director)	$0	$0	$0
Wilton Lanning (Director)	$0	$0	$0
Dr Terry Maness (Director)	$0	$0	$0
Mrs Joyce Packard (Chairman)	$0	$0	$0
John Perry (Director)	$0	$0	$0
Dr Joseph Velez (Director)	$0	$0	$0

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990

Filed on Feb. 9, 2018

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990-T

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Fiscal Year Ending June
2016

Revenue

$14,461,474

Expenses

$12,728,300

Net Income

$1,733,174

Net Assets

$52,117,068

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$11,897,360	82.3%
Investment Income	$757,988	5.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$64,815	0.4%
Net Fundraising	$0
Sales of Assets	$1,615,610	11.2%
Net Inventory Sales	$0
Other Revenue	$125,701	0.9%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$3,934,093	30.9%
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,633,139	12.8%

Assets/Debt
Total Assets	$57,729,237
Total Liabilities	$5,612,169
Net Assets	$52,117,068

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Murray Watson Jr (President)	$849,956	$0	$38,278
Ellis Tredway (Former Evp / Coo)	$488,506	$0	$33,131
Ricky Turman (Evp / Cfo)	$378,696	$0	$56,482
Thomas Ben Litle (Evp/Coo/Sr Vp/Gen Counsel)	$351,440	$0	$53,062
Michael Macomber (Former Evp Sales & Marketing)	$274,935	$0	$42,650
Kelli Villarrial (Former Vp, Assoc Gen Couns)	$267,785	$0	$41,588
Samuel Redden (Svp / Chief Info Officer)	$243,942	$0	$45,457
Randall Larson (Special Projects Vp)	$198,385	$0	$33,803
Tammy Harralson (Controller / Vp)	$183,130	$0	$29,696
Rebecca Harland (Loan Admin Manager)	$177,095	$0	$30,253
Janice White (Vp Administration/Asst Sec)	$161,256	$0	$21,926
John M Wright (Business Analytics Dir)	$153,983	$0	$24,865
Daniel Reyna (Former Internal Audit Director)	$153,218	$0	$23,642
Andrew Ellis (Vp, Human Resources)	$146,218	$0	$30,035
Milicent Missy Larson (Former Vice President, Hr)	$140,818	$0	$34,056
Sarah Maccarthy (Project Management)	$139,452	$0	$23,746
Darrell Brooks (Treasurer)	$135,882	$0	$33,849
Debra Urias (Vp Customer Relations)	$130,719	$0	$22,790
Tom Pardaen (Credit Risk Coordinator)	$126,877	$0	$16,219
James Mcinnis (Former Treasurer)	$102,327	$0	$17,795
Susan Davis (Secretary)	$89,959	$0	$19,832
David Horner (Former Evp)	$87,125	$0	$28,430
Mrs Joyce Packard (Chairman)	$0	$0	$0
Tom Chase (Vice Chairman)	$0	$0	$0
Bob Chambers (Director)	$0	$0	$0
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990

Filed on Feb. 9, 2017

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990-T

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Fiscal Year Ending June
2015

Revenue

$14,276,469

Expenses

$13,193,940

Net Income

$1,082,529

Net Assets

$46,476,064

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$13,365,640	93.6%
Investment Income	$548,303	3.8%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$22,453	0.2%
Net Fundraising	$0
Sales of Assets	$203,254	1.4%
Net Inventory Sales	$0
Other Revenue	$136,819	1.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$4,793,108	36.3%
Professional Fundraising Fees	$0
Other Salaries and Wages	$2,739,872	20.8%

Assets/Debt
Total Assets	$51,433,245
Total Liabilities	$4,957,181
Net Assets	$46,476,064

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Murray Watson Jr (President)	$1,049,193	$0	$36,775
Thomas Ben Litle (Evp/Coo/Sr Vp/Gen Counsel)	$523,131	$0	$47,232
Ellis Tredway (Evp / Coo)	$468,566	$0	$48,483
Ricky Turman (Evp / Cfo)	$447,329	$0	$55,565
Michael Macomber (Evp Sales & Marketing)	$342,023	$0	$65,842
Kelli Villarrial (Former Vp, Assoc Gen Couns)	$267,091	$0	$41,960
Samuel Redden (Svp / Chief Info Officer)	$262,896	$0	$45,508
Randall Larson (Special Projects Vp)	$216,679	$0	$37,305
Justin Green (Financial Service Dir)	$194,176	$0	$39,201
Tammy Harralson (Controller / Vp)	$190,153	$0	$32,938
John M Wright (Business Analytics Dir)	$175,709	$0	$29,149
Janice White (Vp Administration/Asst Secretary)	$170,056	$0	$23,528
Andrew Ellis (Vp, Human Resources)	$164,217	$0	$34,081
Sarah Maccarthy (Project Management)	$162,930	$0	$25,673
Debra Urias (Vp Customer Relations)	$153,393	$0	$25,444
Rebecca Harland (Loan Admin Manager)	$152,280	$0	$32,803
Darrell Brooks (Treasurer)	$144,377	$0	$36,119
Milicent Missy Larson (Former Vice President, Hr)	$132,604	$0	$33,937
Daniel Reyna (Internal Audit Director)	$132,199	$0	$23,940
David Horner (Former Evp)	$118,599	$0	$31,726
James Mcinnis (Treasurer)	$104,231	$0	$22,256
Susan Davis (Secretary)	$93,565	$0	$20,813
Mrs Joyce Packard (Chairman)	$0	$0	$0
Tom Chase (Vice Chairman)	$0	$0	$0
Bob Chambers (Director)	$0	$0	$0
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990

Filed on March 18, 2016

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

View Filing

Schedules ▼

PDF XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending June
2014

Revenue

$8,729,670

Expenses

$15,050,718

Net Income

-$6,321,048

Net Assets

$44,192,469

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$15,206,877	> 100%
Investment Income	$710,177	8.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$22,309	0.3%
Net Fundraising	$0
Sales of Assets	-$7,354,000
Net Inventory Sales	$0
Other Revenue	$144,307	1.7%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$6,343,650	42.1%
Professional Fundraising Fees	$0
Other Salaries and Wages	$2,288,207	15.2%

Assets/Debt
Total Assets	$50,607,859
Total Liabilities	$6,415,390
Net Assets	$44,192,469

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Murray Watson (President)	$1,307,110	$0	$40,939
Ellis Tredway (Evp / Coo)	$572,862	$0	$48,331
Ricky Turman (Evp / Cfo)	$570,079	$0	$55,391
Michael Macomber (Evp Sales & Marketing)	$403,755	$0	$57,695
David Horner (Former Evp)	$403,072	$0	$51,287
Thomas Litle (Svp General Counsel)	$331,492	$0	$45,836
Samuel Redden (Svp / Chief Info Officer)	$304,104	$0	$45,479
Kelli Villarrial (Former Vp, Assoc Gen Counsel)	$287,038	$0	$40,638
Randall Larson (Special Projects Vp)	$250,715	$0	$40,427
Tammy Harralson (Controller / Vp)	$219,448	$0	$35,550
Justin Green (Financial Service Dir)	$218,103	$0	$42,455
Janice White (Vp Administration)	$205,335	$0	$28,416
John M Wright (Business Analytics Dir)	$198,562	$0	$30,194
Andrew Ellis (Vp, Human Resources)	$180,997	$0	$36,459
Debra Urias (Vp Customer Relations)	$177,500	$0	$27,504
Sarah Maccarthy (Project Management)	$177,393	$0	$29,907
Rebecca Harland (Loan Admin Manager)	$163,465	$0	$34,395
Daniel Reyna (Internal Audit Director)	$153,601	$0	$26,630
Milicent Larson (Former Exec Dir / Brazos Fnd)	$142,996	$0	$35,908
James Mcinnis (Treasurer)	$112,269	$0	$23,321
Susan Davis (Assistant Secretary)	$103,935	$0	$21,930
Bob Chambers (Chairman)	$0	$0	$0
Mrs Joyce Packard (Vice Chairman)	$0	$0	$0
Paul Marable Jr (Director)	$0	$0	$0
Norman Hay Jr (Director)	$0	$0	$0
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990

Filed on March 10, 2015

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

View Filing

Schedules ▼

PDF XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending June
2013

Revenue

$20,769,989

Expenses

$16,470,649

Net Income

$4,299,340

Net Assets

$47,915,166

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$19,695,194	94.8%
Investment Income	$684,797	3.3%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$22,022	0.1%
Net Fundraising	$0
Sales of Assets	$258,000	1.2%
Net Inventory Sales	$0
Other Revenue	$109,976	0.5%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$4,021,397	24.4%
Professional Fundraising Fees	$0
Other Salaries and Wages	$5,999,079	36.4%

Assets/Debt
Total Assets	$57,219,619
Total Liabilities	$9,304,453
Net Assets	$47,915,166

990

Filed on June 5, 2014

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

View Filing

Schedules ▼

PDF XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending June
2012

Revenue

$22,749,510

Expenses

$15,825,037

Net Income

$6,924,473

Net Assets

$41,787,232

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$21,935,545	96.4%
Investment Income	$531,208	2.3%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$17,921	0.1%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$264,836	1.2%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$4,356,992	27.5%
Professional Fundraising Fees	$0
Other Salaries and Wages	$3,754,842	23.7%

Assets/Debt
Total Assets	$48,267,417
Total Liabilities	$6,480,185
Net Assets	$41,787,232

990

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

PDF

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending June
2011

Revenue

$20,835,649

Expenses

$15,035,360

Net Income

$5,800,289

Net Assets

$34,569,521

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$17,280,054	82.9%
Investment Income	$3,092,072	14.8%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	-$12,467
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$475,990	2.3%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$4,677,824	31.1%
Professional Fundraising Fees	$0
Other Salaries and Wages	$4,497,392	29.9%

Assets/Debt
Total Assets	$40,497,268
Total Liabilities	$5,927,747
Net Assets	$34,569,521

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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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 December 20, 2024

Brazos Higher Education Service Corporation Inc

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $16.3M (2023)

Expenses $8.05M (2023)

Total Assets $213M (2023)

Total Liabilities $10.2M (2023)

Tax Filings by Year

Fiscal Year Ending June 2023

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending June 2022

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending June 2021

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

990-T

Fiscal Year Ending June 2020

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

990-T

Fiscal Year Ending June 2019

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

990-T

Fiscal Year Ending June 2018

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

990-T

Fiscal Year Ending June 2017

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

990-T

Fiscal Year Ending June 2016

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

990-T

Fiscal Year Ending June 2015

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

990-T

Fiscal Year Ending June 2014

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

Revenue

$16.3M (2023)

Expenses

$8.05M (2023)

Total Assets

$213M (2023)

Total Liabilities

$10.2M (2023)

Fiscal Year Ending June
2023

Fiscal Year Ending June
2022

Fiscal Year Ending June
2021

Fiscal Year Ending June
2020

Fiscal Year Ending June
2019

Fiscal Year Ending June
2018

Fiscal Year Ending June
2017

Fiscal Year Ending June
2016

Fiscal Year Ending June
2015

Fiscal Year Ending June
2014

Fiscal Year Ending June
2013

Fiscal Year Ending June
2012

Fiscal Year Ending June
2011

Fiscal Year Ending June
2010

Fiscal Year Ending June
2009

Fiscal Year Ending June
2008

Fiscal Year Ending June
2007

Fiscal Year Ending May
2007

Fiscal Year Ending May
2006

Fiscal Year Ending May
2005

Fiscal Year Ending May
2004

Fiscal Year Ending May
2003

Fiscal Year Ending May
2002

Fiscal Year Ending May
2001