Overview
What is Brazos Education Lending Corporation?
Brazos Education Lending Corporation, situated in Waco, Texas, serves as an originating lender for private college student loans. Their mission is to make education accessible by funding various educational opportunities and initiatives. The corporation holds student loans under private student loan programs, which are obtained through a line of credit. The organization's activities aim to support students in achieving their educational goals, likely by providing financial assistance.
Official website here: www.studentloans.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 66% (Two-Star out of Four Stars)
Brazos Education Lending Corporation has received a Two-Star rating from Charity Navigator, indicating a moderate level of performance in their accountability and finance metrics. The organization's strong governance is highlighted by its fully independent board of directors, scoring 100% in that category. Additionally, they have policies in place for conflict of interest, whistleblower protection, and document retention, which reflects a commitment to transparency and ethical operations.
However, the organization faces significant challenges in its financial reporting, evidenced by a lack of financial statements and a concerning liabilities to assets ratio of 103.05%. While they excel in program expenses, with a ratio of 100%, the absence of necessary documentation and transparency in financial reporting significantly impacts their overall score. This gap suggests that potential donors should carefully assess the financial health of the organization before contributing.
Overall, while Brazos Education Lending Corporation demonstrates strong governance practices, the deficit in financial documentation and reporting raises questions about their fiscal management and transparency. Stakeholders are encouraged to consider these factors when evaluating the organization's overall effectiveness and sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is Brazos Education Lending Corporation legitimate?
Brazos Education Lending Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Brazos Education Lending Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.studentloans.com
What is the mission statement of Brazos Education Lending Corporation?
Brazos Education Lending Corporation's mission is centered around making education accessible by supporting various programs and initiatives that finance educational opportunities. As an originating lender of private college student loans, their mission is to make education a reality for many. By funding these loans through a line of credit, they contribute to the realization of educational aspirations for numerous individuals.
Official website here: www.studentloans.com
Who is the CEO of Brazos Education Lending Corporation?
Ricky Turman is the President/Ceo of Brazos Education Lending Corporation. The CEO's salary of Brazos Education Lending Corporation is $0 and their total compensation is $775,096.
Official website here: www.studentloans.com
What is the revenue of Brazos Education Lending Corporation?
Brazos Education Lending Corporation's revenue in 2022 was $709,354.
Official website here: www.studentloans.com
Who are the executives of Brazos Education Lending Corporation and what are their salaries?
There 8 volunteers at Brazos Education Lending Corporation.
Here are 18 key members and their salaries (Brazos Education Lending Corporation's CEO's salary is $0 and their total compensation is $775,096):
- Compensation: $0
- Related: $707,065
- Other: $68,031
- Compensation: $0
- Related: $593,678
- Other: $71,273
- Compensation: $0
- Related: $341,729
- Other: $63,567
- Compensation: $0
- Related: $285,677
- Other: $64,574
- Compensation: $0
- Related: $252,307
- Other: $54,867
- Compensation: $0
- Related: $234,378
- Other: $57,610
- Compensation: $0
- Related: $226,544
- Other: $55,808
- Compensation: $0
- Related: $186,941
- Other: $46,110
- Compensation: $0
- Related: $131,448
- Other: $20,232
- Compensation: $0
- Related: $84,031
- Other: $18,574
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.studentloans.com
Where can I find the form 990 for Brazos Education Lending Corporation?
Brazos Education Lending Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.studentloans.com
Learn more at the official website: www.studentloans.com
Mission Statement of Brazos Education Lending Corporation
Brazos Education Lending Corporation, abbreviated as BELC, is dedicated to making education a tangible reality for individuals. They accomplish this by supporting various programs and initiatives aimed at financing educational opportunities. BELC serves as an originating lender for private college student loans, with a mission to extend financial support to those seeking higher education. Through a line of credit, they fund these loans, thereby contributing to the realization of educational aspirations.
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Impact
July, 2024
Brazos Education Lending Corporation has had a significant impact on enabling students to access higher education by providing funding through private student loan programs. By offering financial support, Brazos Education Lending Corporation has helped countless individuals fulfill their educational aspirations and achieve their academic goals. Their mission to make education a reality by supporting programs and initiatives to finance educational opportunities has played a crucial role in facilitating access to higher education for students who may not have been able to afford it otherwise. Through their efforts, Brazos Education Lending Corporation has contributed to the advancement of education and the empowerment of students across the country.
This information is meant to be a general summary of Brazos Education Lending Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $2,800
- Program Service Revenue: $706,554
- Gross Receipts: $709,354
Assets and Liabilities:
- Total Assets: $3,386,482
- Total Liabilities: $3,375,455
- Net Assets: $11,027
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Interest Received on Student Loans
Revenue
$89,526
LOAN REFINANCE
Revenue
$617,028
Organization Details
Founding Year
2005
Phone
(254) 753-0915Principal Officer
Ricky Turman
Main Address
5609 Crosslake Pkwy, Waco, TX, 76712
Website
www.studentloans.comNTEE Category
Code: B82 - Education
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