Overview
What is Panhandle-Plains Management & Servicing Corporation?
Panhandle-Plains Management & Servicing Corporation, based in Canyon, Texas, serves as a master student loan servicer for various organizations, including Panhandle-Plains Higher Education Authority, Inc. (PPHEA) and Panhandle-Plains Student Finance Corporation (PPSFC). The corporation also offers management and oversight services for these related not-for-profit entities. Its mission is twofold: firstly, to manage student loans and decrease defaults, and secondly, to promote financial aid outreach and financial literacy. Additionally, the corporation executes educational and charitable programs to further these objectives. With a team of 14 employees, Panhandle-Plains Management & Servicing Corporation strives to support students in managing their educational debt and fostering financial understanding.
Official website here: www.ppslc.com
Is Panhandle-Plains Management & Servicing Corporation legitimate?
Panhandle-Plains Management & Servicing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Panhandle-Plains Management & Servicing 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: $225,901
Professional Fundraising Fees: $0
Other Salaries and Wages: $660,609
For more financial information, click here
Official website here: www.ppslc.com
What is the mission statement of Panhandle-Plains Management & Servicing Corporation?
The Panhandle-Plains Management & Servicing Corporation serves as a master student loan servicer for various organizations, including the Panhandle-Plains Higher Education Authority (PPHEA) and the Panhandle-Plains Student Finance Corporation (PPSFC). In addition to its loan servicing role, the corporation provides management and oversight services for PPHEA and PPSFC, both of which are related not-for-profit organizations. Furthermore, the corporation engages in educational and charitable programs aimed at reducing student loan defaults and promoting financial aid outreach and financial literacy.
Official website here: www.ppslc.com
Who is the CEO of Panhandle-Plains Management & Servicing Corporation?
Jimmy Parker is the President of Panhandle-Plains Management & Servicing Corporation.
Official website here: www.ppslc.com
What is the revenue of Panhandle-Plains Management & Servicing Corporation?
Panhandle-Plains Management & Servicing Corporation's revenue in 2020 was $651,943.
Official website here: www.ppslc.com
Who are the executives of Panhandle-Plains Management & Servicing Corporation and what are their salaries?
The average compensation at Panhandle-Plains Management & Servicing Corporation during 2020 was $63,322. There are 14 employees at Panhandle-Plains Management & Servicing Corporation.
Here are 7 key members and their salaries:
- Compensation: $187,710
- Related: $0
- Other: $32,329
- Compensation: $160,728
- Related: $0
- Other: $45,438
- Compensation: $121,442
- Related: $0
- Other: $30,293
- 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.ppslc.com
Where can I find the form 990 for Panhandle-Plains Management & Servicing Corporation?
Panhandle-Plains Management & Servicing Corporation's most recent form 990 was submitted in 2020 and can be accessed here.
Official website here: www.ppslc.com
Learn more at the official website: www.ppslc.com
Mission Statement of Panhandle-Plains Management & Servicing Corporation
Panhandle-Plains Management & Servicing Corporation serves as the master student loan servicer for several organizations, including Panhandle-Plains Higher Education Authority, Inc. (PPHEA), Panhandle-Plains Student Finance Corporation (PPSFC), and others. Additionally, the corporation provides management and oversight services for PPHEA and PPSFC, which are also related not-for-profit entities. Beyond loan servicing, the corporation is actively engaged in educational and charitable programs aimed at reducing student loan defaults and promoting financial aid outreach and financial literacy. These initiatives are designed to support students and help them navigate their financial obligations more effectively. By offering these services, Panhandle-Plains Management & Servicing Corporation plays a crucial role in supporting the educational goals of its partner organizations and the individuals they serve.
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Impact
October, 2024
Panhandle-Plains Management & Servicing Corporation significantly impacts the education financing landscape by serving as the master student loan servicer for the Panhandle-Plains Higher Education Authority, Inc. (PPHEA) and the Panhandle-Plains Student Finance Corporation (PPSFC). Through these roles, it ensures efficient loan management and oversight, directly influencing the accessibility of financial aid to students in the region.
The corporation also dedicates resources to educational initiatives aimed at reducing student loan defaults. Its programs promote financial aid outreach and enhance financial literacy, equipping students and families with the knowledge necessary to navigate the complexities of student loans and repayment options. By fostering a more informed borrower base, it contributes to a healthier financial ecosystem for students pursuing higher education.
Overall, the corporation plays a crucial role not just in managing loans but also in empowering individuals through education and outreach, ultimately striving for a reduction in financial barriers to education.
This information is meant to be a general summary of Panhandle-Plains Management & Servicing 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 2020.
- Investment Income: $12,989
- Program Service Revenue: $638,954
- Gross Receipts: $651,943
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $0
- Net Assets: $0
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MAINTENANCE & OPERATIONS
Revenue
$472,664
FINANCIAL AID CONSULTING SERV
Revenue
$60,428
NFP OUTREACH
Revenue
$60,000
STUDENT LOAN SERVICING REVENU
Revenue
$19,405
INSTITUTIONAL LOAN SERVICING
Revenue
$12,184
Organization Details
Founding Year
2012
Phone
(806) 324-4115Principal Officer
Jimmy Parker
Main Address
1303 23RD STREET, CANYON, TX, 79015
Website
www.ppslc.comNTEE Category
Code: B82 - Education
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