Overview
What is Brazos Higher Education Authority Inc?
The Brazos Higher Education Authority Inc, based in Waco, Texas (ZIP code 76712), serves as a secondary market for college student loans under the Federal Family Education Loan Program (FFELP) and other private student loan programs. Their mission is to make education accessible by financing educational opportunities through these loans, which are funded through permanent financial arrangements.
Official website here: www.studentloans.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Stars)
Brazos Higher Education Authority Inc has earned a Three-Star rating from Charity Navigator, reflecting a solid overall score of 81% based primarily on accountability and finance metrics. The organization demonstrates strong governance with 80% of its board members being independent, which is a positive indicator of effective oversight and decision-making. Additionally, the organization showcases a robust commitment to financial transparency, with all necessary audits and policies in place.
The financial health of Brazos Higher Education Authority Inc appears stable, as evidenced by their perfect score in program expenses, signifying that 100% of their expenses are directed towards their programs. Moreover, key financial practices such as whistleblower and conflict of interest policies are documented and accessible, contributing to the organization’s credibility.
However, while the organization shows strengths in accountability and financial management, it is important for potential donors to consider the compensation of key personnel, which, though substantial, reflects industry standards for non-profit leadership. While the overall score is commendable, continued scrutiny of financial practices and outcomes will be essential for maintaining donor trust and support.
This AI summary has been generated from information found on Charity Navigator.
Is Brazos Higher Education Authority Inc legitimate?
Brazos Higher Education Authority Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Brazos Higher Education Authority Inc 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 Higher Education Authority Inc?
The Brazos Higher Education Authority Inc is dedicated to making education accessible by supporting various programs and initiatives to finance educational opportunities. As a secondary market for college student loans, the organization operates under the Federal Family Education Loan Program (FFELP) and other private student loan programs. Through these financing options, Brazos Higher Education Authority enables individuals to pursue higher education and realize their academic goals. The organization's mission underscores its commitment to making education a reality for many.
Official website here: www.studentloans.com
Who is the CEO of Brazos Higher Education Authority Inc?
Ricky Turman is the Evp/Coo of Brazos Higher Education Authority Inc.
Official website here: www.studentloans.com
What is the revenue of Brazos Higher Education Authority Inc?
Brazos Higher Education Authority Inc's revenue in 2022 was $31,545,196.
Official website here: www.studentloans.com
Who are the executives of Brazos Higher Education Authority Inc and what are their salaries?
There 7 volunteers at Brazos Higher Education Authority Inc.
Here are 15 key members and their salaries:
- 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: $234,378
- Other: $57,610
- 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: $77,501
- Other: $21,878
- 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 Higher Education Authority Inc?
Brazos Higher Education Authority Inc'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 Higher Education Authority Inc
Brazos Higher Education Authority, Inc. (BHEA) is a significant player in the realm of education financing. With a mission to make education a reality, this organization supports various programs and initiatives under the Federal Family Education Loan Program (FFELP) and other private student loan programs. In simpler terms, BHEA functions as a secondary market for college student loans, facilitating access to education for numerous individuals by funding loans through permanent financings.
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Impact
October, 2024
Brazos Higher Education Authority Inc plays a significant role in facilitating access to education by providing financial opportunities through student loans. By operating as a secondary market for college student loans under the Federal Family Education Loan Program (FFELP) and other private student loan programs, it helps remove financial barriers for students seeking higher education.
Through its initiatives and programs, Brazos Higher Education Authority promotes educational advancement and empowers individuals to pursue their academic goals. The financial resources it offers support a wide range of students, helping to ensure that education is attainable for many who might otherwise face challenges in affording their studies. This commitment not only impacts the students directly benefiting from the loans but also contributes to the broader economic and social fabric by fostering an educated workforce.
By investing in education, Brazos Higher Education Authority Inc ultimately contributes to the growth and prosperity of communities in Waco, Texas, and beyond, making a lasting difference in individual lives and society as a whole.
This information is meant to be a general summary of Brazos Higher Education Authority Inc. 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: $147,608
- Program Service Revenue: $31,396,736
- Gross Receipts: $31,545,196
Assets and Liabilities:
- Total Assets: $991,731,055
- Total Liabilities: $963,343,890
- Net Assets: $28,387,165
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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
$31,188,995
Late Charges
Revenue
$207,741
Organization Details
Founding Year
1975
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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