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Higher Education Servicing Corp In

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
$11.8M (2023)

Expenses
$9.1M (2023)

Total Assets
$47M (2023)

Total Liabilities
$945k (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 Aug.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$11,775,166
Expenses
$9,099,664
Net Income
$2,675,502
Net Assets
$46,050,301
Notable Sources of Revenue Percent of Total Revenue
Contributions $157,972
1.3%
Program Services $10,202,472
86.6%
Investment Income $465,239
4.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $3,399
0.0%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $946,084
8.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $730,179
8.0%
Professional Fundraising Fees $0
Other Salaries and Wages $3,523,282
38.7%
Assets/Debt
Total Assets $46,995,693
Total Liabilities $945,392
Net Assets $46,050,301
Compensation
Key Employees and Officers Compensation Related Other
Phillip Wambsganss (Executive Dir.) $263,432 $0 $27,972
Robert Lamberson (It Director) $248,915 $0 $25,166
Kevin Montgomery (Dir Op Solutions) $166,017 $0 $20,734
Denise Dunn Trakshel (Controller) $140,480 $0 $18,814
Vincent Polite (Programmer) $133,599 $0 $11,789
Bradford Bynum (Programmer) $121,269 $0 $11,608
Paulette Walker (Dir Loan Services) $120,668 $0 $12,299
Courtney Churchwell (Dir. Of Accounting) $118,980 $0 $17,008
Kenneth D Woods (President) $1,950 $0 $0
Stephen Vincent (Director) $1,950 $0 $0
Judith Schneider (Sec/Treas) $1,950 $0 $0
Laurie Bianco (Director) $1,950 $0 $0
Stephanie Buduhan (Director) $1,950 $0 $0

Document Links

Fiscal Year Ending Aug.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$11,853,938
Expenses
$7,670,792
Net Income
$4,183,146
Net Assets
$43,927,071
Notable Sources of Revenue Percent of Total Revenue
Contributions $105,506
0.9%
Program Services $11,528,874
97.3%
Investment Income $189,839
1.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $29,719
0.3%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $733,779
9.6%
Professional Fundraising Fees $0
Other Salaries and Wages $2,723,382
35.5%
Assets/Debt
Total Assets $44,544,807
Total Liabilities $617,736
Net Assets $43,927,071
Compensation
Key Employees and Officers Compensation Related Other
Phillip Wambsganss (Executive Dir.) $257,716 $0 $26,238
Robert Lamberson (It Director) $217,269 $0 $22,686
Kevin Montgomery (Dir Op Solutions) $144,948 $0 $18,001
Vincent Polite (Programmer) $134,289 $0 $11,183
Courtney Churchwell (Dir Of Accounting) $127,704 $0 $16,628
Denise Dunn Trakshel (Controller) $123,820 $0 $15,795
Phil Kinman (Dir. Of Compliance) $110,747 $0 $8,853
Bradford Bynum (Programmer) $109,147 $0 $10,722
Kenneth D Woods (President) $1,200 $0 $0
Stephen Vincent (Director) $1,200 $0 $0
Judith Schneider (Sec/Treas) $1,200 $0 $0
Judy Hagler (Vice President) $1,200 $0 $0
Stephanie Buduhan (Director) $1,200 $0 $0

Document Links

Fiscal Year Ending Aug.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$10,554,218
Expenses
$7,155,642
Net Income
$3,398,576
Net Assets
$40,084,484
Notable Sources of Revenue Percent of Total Revenue
Contributions $723,686
6.9%
Program Services $9,441,363
89.5%
Investment Income $345,756
3.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $37,413
0.4%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $6,000
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $646,343
9.0%
Professional Fundraising Fees $0
Other Salaries and Wages $2,574,196
36.0%
Assets/Debt
Total Assets $40,965,852
Total Liabilities $881,368
Net Assets $40,084,484
Compensation
Key Employees and Officers Compensation Related Other
Phillip Wambsganss (Executive Dir.) $236,275 $0 $26,327
Robert Lamberson (It Director) $220,564 $0 $23,814
Kevin Montgomery (Dir Op Solutions) $133,802 $0 $18,295
Denise Dunn Trakshel (Controller) $132,035 $0 $19,051
Vincent Polite (Programmer) $126,427 $0 $12,482
Phil Kinman (Dir. Of Compliance) $111,867 $0 $8,884
Paulette Walker (Dir Of Loan Serv.) $111,620 $0 $11,398
Bradford Bynum (Programmer) $108,575 $0 $12,041
Kenneth D Woods (President) $1,200 $0 $0
Stephen Vincent (Director) $1,200 $0 $0
Judith Schneider (Sec/Treas) $1,200 $0 $0
June Hagler (Vice President) $1,200 $0 $0
Stephanie Buduhan (Director) $1,200 $0 $0

Document Links

Fiscal Year Ending Aug.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$9,346,626
Expenses
$6,621,694
Net Income
$2,724,932
Net Assets
$36,769,534
Notable Sources of Revenue Percent of Total Revenue
Contributions $97,113
1.0%
Program Services $8,839,924
94.6%
Investment Income $357,315
3.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $46,759
0.5%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $5,515
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $624,158
9.4%
Professional Fundraising Fees $0
Other Salaries and Wages $2,335,643
35.3%
Assets/Debt
Total Assets $41,096,354
Total Liabilities $4,326,820
Net Assets $36,769,534
Compensation
Key Employees and Officers Compensation Related Other
Phillip Wambsganss (Executive Dir.) $210,061 $0 $22,996
Robert Lamberson (It Director) $194,669 $0 $21,817
Denise Dunn Trakshel (Controller) $126,881 $0 $16,876
Kevin Montgomery (Dir Op Solutions) $119,756 $0 $16,222
Vincent Polite (Programmer) $117,054 $0 $11,178
Phil Kinman (Dir. Of Compliance) $103,438 $0 $8,112
Bradford Bynum (Programmer) $102,874 $0 $10,800
Paulette Walker (Dir Of Loan Serv.) $100,746 $0 $10,750
Kenneth D Woods (President) $1,200 $0 $0
Stephen Vincent (Director) $1,200 $0 $0
Judith Schneider (Sec/Treas) $1,200 $0 $0
June Hagler (Vice President) $1,200 $0 $0
Stephanie Buduhan (Director) $1,200 $0 $0

Document Links

Fiscal Year Ending Aug.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$9,715,326
Expenses
$6,714,812
Net Income
$3,000,514
Net Assets
$33,891,375
Notable Sources of Revenue Percent of Total Revenue
Contributions $91,995
0.9%
Program Services $9,253,337
95.2%
Investment Income $333,232
3.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $29,263
0.3%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $7,499
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $590,714
8.8%
Professional Fundraising Fees $0
Other Salaries and Wages $2,246,227
33.5%
Assets/Debt
Total Assets $37,520,005
Total Liabilities $3,628,630
Net Assets $33,891,375
Compensation
Key Employees and Officers Compensation Related Other
Phillip Wambsganss (Executive Dir.) $200,091 $0 $18,036
Robert Lamberson (It Director) $199,307 $0 $17,527
Denise Dunn Trakshel (Controller) $125,256 $0 $12,716
Vincent Polite (Programmer) $115,855 $0 $7,520
Kevin Montgomery (Dir Op Solutions) $105,432 $0 $9,803
Phil Kinman (Dir. Of Compliance) $100,821 $0 $7,101
Kenneth D Woods (President) $1,200 $0 $0
Stephen Vincent (Director) $1,200 $0 $0
Judith Schneider (Sec/Treas) $1,200 $0 $0
June Hagler (Vice President) $1,200 $0 $0
Stephanie Buduhan (Director) $1,200 $0 $0

Document Links

Fiscal Year Ending Aug.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$10,119,969
Expenses
$6,530,170
Net Income
$3,589,799
Net Assets
$30,643,991
Notable Sources of Revenue Percent of Total Revenue
Contributions $60,460
0.6%
Program Services $9,788,152
96.7%
Investment Income $226,767
2.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $44,590
0.4%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $650,841
10.0%
Professional Fundraising Fees $0
Other Salaries and Wages $2,137,338
32.7%
Assets/Debt
Total Assets $31,655,966
Total Liabilities $1,011,975
Net Assets $30,643,991
Compensation
Key Employees and Officers Compensation Related Other
Robert Lamberson (It Director) $246,122 $0 $22,781
Phillip Wambsganss (Executive Dir.) $227,478 $0 $23,993
Vincent Polite (Programmer) $111,392 $0 $13,103
Don Shields (Dir. Of Acctg.) $109,756 $0 $14,713
Phil Kinman (Dir. Of Compliance) $100,677 $0 $10,037
Kenneth D Woods (President) $1,200 $0 $0
Steve Vincent (Director) $1,200 $0 $0
Judy Schneider (Sec/Treas) $1,200 $0 $0
June Hagler (Vice President) $1,200 $0 $0
Stephanie Buduhan (Director) $1,200 $0 $0

Document Links

Fiscal Year Ending Aug.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$9,287,260
Expenses
$5,855,382
Net Income
$3,431,878
Net Assets
$27,201,484
Notable Sources of Revenue Percent of Total Revenue
Contributions $102,425
1.1%
Program Services $7,022,115
75.6%
Investment Income $122,329
1.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $24,054
0.3%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $2,016,337
21.7%
Notable Expenses Percent of Total Expenses
Executive Compensation $305,831
5.2%
Professional Fundraising Fees $0
Other Salaries and Wages $2,209,957
37.7%
Assets/Debt
Total Assets $27,645,792
Total Liabilities $444,308
Net Assets $27,201,484
Compensation
Key Employees and Officers Compensation Related Other
Phillip Wambsganss (Executive Dir.) $209,672 $0 $22,103
Robert Lamberson (It Director) $159,462 $0 $18,210
Don Shields (Dir. Of Acctg.) $115,031 $0 $14,290
Vincent Polite (Programmer) $108,085 $0 $10,175
Kathryn Bryan (Ex Dir Emeritus) $57,094 $0 $11,363
Kenneth D Woods (President) $1,200 $0 $0
Steve Vincent (Director) $1,200 $0 $0
Judy Schneider (Sec/Treas) $1,200 $0 $0
June Hagler (Vice President) $1,200 $0 $0
Stephanie Buduhan (Director) $800 $0 $0

Document Links

Fiscal Year Ending Aug.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$5,893,164
Expenses
$7,059,860
Net Income
-$1,166,696
Net Assets
$23,745,520
Notable Sources of Revenue Percent of Total Revenue
Contributions $90,466
1.5%
Program Services $5,752,652
97.6%
Investment Income $45,245
0.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $4,801
0.1%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $373,756
5.3%
Professional Fundraising Fees $0
Other Salaries and Wages $1,954,191
27.7%
Assets/Debt
Total Assets $24,751,737
Total Liabilities $1,006,217
Net Assets $23,745,520
Compensation
Key Employees and Officers Compensation Related Other
Phillip Wambsganss (Executive Dir.) $189,196 $0 $20,082
Robert Lamberson (It Director) $148,289 $0 $17,546
Kathryn Bryan (Ex Dir Emeritus) $145,387 $0 $14,691
Don Shields (Dir. Of Acctg.) $120,759 $0 $14,263
Vincent Polite (Programmer) $107,299 $0 $10,277
Kenneth D Woods (President) $1,200 $0 $0
Judy Schneider (Sec/Treas) $1,200 $0 $0
June Hagler (Director) $1,200 $0 $0
Jerry Lytle (Vice President) $800 $0 $0

Document Links

Fiscal Year Ending Aug.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$6,368,870
Expenses
$6,839,106
Net Income
-$470,236
Net Assets
$24,912,216
Notable Sources of Revenue Percent of Total Revenue
Contributions $72,635
1.1%
Program Services $6,261,869
98.3%
Investment Income $28,155
0.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $6,211
0.1%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $394,099
5.8%
Professional Fundraising Fees $0
Other Salaries and Wages $2,051,312
30.0%
Assets/Debt
Total Assets $26,096,441
Total Liabilities $1,184,225
Net Assets $24,912,216
Compensation
Key Employees and Officers Compensation Related Other
Kathryn Bryan (Ex Dir Emeritus) $186,026 $0 $16,077
Phillip Wambsganss (Executive Dir.) $170,744 $0 $18,052
Robert Lamberson (Dir Of Systems) $139,515 $0 $16,264
Rhonda Huntley (Dir. Of System Dev) $126,089 $0 $12,168
Don Shields (Dir. Of Acctg.) $112,131 $0 $13,059
Kenneth D Woods (President) $800 $0 $0
Jerry Lytle (Vice President) $800 $0 $0
Judy Schneider (Sec/Treas) $800 $0 $0
June Hagler (Director) $800 $0 $0

Document Links

Fiscal Year Ending Aug.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$6,864,904
Expenses
$8,366,354
Net Income
-$1,501,450
Net Assets
$25,382,452
Notable Sources of Revenue Percent of Total Revenue
Contributions $67,865
1.0%
Program Services $6,808,649
99.2%
Investment Income $27,241
0.4%
Bond Proceeds $0
Royalties $0
Rental Property Income -$38,851
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $843,773
10.1%
Professional Fundraising Fees $0
Other Salaries and Wages $1,730,775
20.7%
Assets/Debt
Total Assets $28,879,958
Total Liabilities $3,497,506
Net Assets $25,382,452
Compensation
Key Employees and Officers Compensation Related Other
Kathryn Bryan (Executive Director) $229,514 $0 $35,912
Phillip Wambsganss (Assoc. Executive Director Industry Relations) $140,966 $0 $24,734
Rhonda Huntley (Director Of System Development) $121,957 $0 $22,253
Robert Lamberson (Assistant Director Of Systems) $113,411 $0 $21,161
Robert Sandlin (Director Of Policy & Compliance) $111,668 $0 $22,197
Kenneth D Woods (Board President) $1,200 $0 $0
Jerry Lytle (Vice President) $1,200 $0 $0
Judy Schneider (Secretary/Treasurer) $1,200 $0 $0
June Hagler (Director) $1,200 $0 $0

Document Links

Fiscal Year Ending Aug.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$7,896,295
Expenses
$7,476,568
Net Income
$419,727
Net Assets
$26,883,902
Notable Sources of Revenue Percent of Total Revenue
Contributions $32,483
0.4%
Program Services $7,900,904
> 100%
Investment Income $30,946
0.4%
Bond Proceeds $0
Royalties $0
Rental Property Income -$68,038
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $229,514
3.1%
Professional Fundraising Fees $0
Other Salaries and Wages $2,102,501
28.1%
Assets/Debt
Total Assets $29,676,783
Total Liabilities $2,792,881
Net Assets $26,883,902

Document Links

Fiscal Year Ending Aug.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$10,627,477
Expenses
$8,375,982
Net Income
$2,251,495
Net Assets
$26,464,175
Notable Sources of Revenue Percent of Total Revenue
Contributions $37,925
0.4%
Program Services $10,502,538
98.8%
Investment Income $31,724
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $55,290
0.5%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $236,265
2.8%
Professional Fundraising Fees $0
Other Salaries and Wages $2,388,438
28.5%
Assets/Debt
Total Assets $28,908,276
Total Liabilities $2,444,101
Net Assets $26,464,175

Document Links

Fiscal Year Ending Aug.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$10,862,883
Expenses
$8,876,634
Net Income
$1,986,249
Net Assets
$24,212,680
Notable Sources of Revenue Percent of Total Revenue
Contributions $111,430
1.0%
Program Services $10,727,246
98.8%
Investment Income $24,207
0.2%
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 $710,758
8.0%
Professional Fundraising Fees $0
Other Salaries and Wages $1,948,335
21.9%
Assets/Debt
Total Assets $24,856,959
Total Liabilities $644,279
Net Assets $24,212,680

Document Links

Fiscal Year Ending Aug.
2010

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

Fiscal Year Ending Aug.
2009

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

Fiscal Year Ending Aug.
2008

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

Fiscal Year Ending Aug.
2007

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

Fiscal Year Ending Aug.
2006

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

Fiscal Year Ending Aug.
2005

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

Fiscal Year Ending Aug.
2004

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

Fiscal Year Ending Aug.
2003

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

Fiscal Year Ending Aug.
2002

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

Fiscal Year Ending Aug.
2001

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

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

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