Overview
What is Brazos Student Finance Corporation?
Brazos Student Finance Corporation is a nonprofit organization based in Waco, Texas, with an address at 5609 Crosslake Pkwy, 76712. Its primary mission is to make education accessible by supporting programs and initiatives that finance educational opportunities. The corporation operates as a secondary market for college student loans under various programs, including the Federal Family Education Loan Program (FFELP), HEAL, TERI, and other alternative private student loan programs. Funding for these loans comes from permanent financings and company funds. Brazos Student Finance Corporation's activities aim to provide financial support for post-secondary education, thereby enabling students to pursue their academic goals.
Official website here: www.studentloans.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
Brazos Student Finance Corporation has received a Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The organization excels in having a completely independent board, and it has demonstrated exemplary financial practices, including a perfect score in its program expense ratio, indicating that all of its expenses are directed towards its mission-related activities.
The organization’s financial health is reinforced by a low liabilities-to-assets ratio, showcasing its stability and sound management. Additionally, it adheres to best practices in governance, with established policies for conflict of interest, whistleblower protections, and document retention, further ensuring transparency and integrity in its operations.
While the financial ratings and governance practices are commendable, potential donors may want to consider the broader impact and effectiveness of the programs offered by Brazos Student Finance Corporation, as user feedback on program outcomes is not highlighted in the available data.
This AI summary has been generated from information found on Charity Navigator.
Is Brazos Student Finance Corporation legitimate?
Brazos Student Finance Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Brazos Student Finance 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 Student Finance Corporation?
Brazos Student Finance Corporation's mission is centered around making education accessible by supporting various initiatives and programs that finance educational opportunities. As a secondary market for college student loans under the Federal Family Education Loan Program (FFELP), Health Education Assistance Loan (HEAL), TERI, and alternative private student loan programs, the corporation plays a significant role in making higher education attainable for many. By providing financial support, Brazos Student Finance Corporation aims to contribute to a more educated society.
Official website here: www.studentloans.com
Who is the CEO of Brazos Student Finance Corporation?
Ricky Turman is the President/Ceo of Brazos Student Finance Corporation. The CEO's salary of Brazos Student Finance Corporation is $0 and their total compensation is $775,096.
Official website here: www.studentloans.com
What is the revenue of Brazos Student Finance Corporation?
Brazos Student Finance Corporation's revenue in 2022 was $4,506,585.
Official website here: www.studentloans.com
Who are the executives of Brazos Student Finance Corporation and what are their salaries?
There 7 volunteers at Brazos Student Finance Corporation.
Here are 14 key members and their salaries (Brazos Student Finance 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: $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: $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 Student Finance Corporation?
Brazos Student Finance 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 Student Finance Corporation
Brazos Student Finance Corporation is committed to making education accessible by supporting various programs and initiatives that facilitate the financing of educational opportunities. Acting as a secondary market for college student loans under the Federal Family Education Loan Program (FFELP), HEAL, TERI, and other alternative private student loan programs, Brazos Student Finance Corporation plays a crucial role in making higher education attainable for numerous students. By providing financial support through these programs, the corporation ensures that educational aspirations become a reality for many individuals, thereby contributing to the broader societal development.
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Impact
July, 2024
Brazos Student Finance Corporation's impact can be seen in its dedication to making education a reality for individuals by supporting programs and initiatives to finance educational opportunities. Through its involvement in the Federal Family Education Loan Program (FFELP), Health Education Assistance Loan (HEAL) program, The Education Resources Institute (TERI), and other alternative student loan programs, Brazos Student Finance Corporation has provided crucial funding for students seeking higher education.
By offering student loans through various financing mechanisms and company funds, Brazos Student Finance Corporation has played a significant role in enabling individuals to pursue their educational goals. This support has likely helped numerous students access the resources they need to attend college, further their careers, and contribute to society.
Overall, Brazos Student Finance Corporation's efforts contribute to the broader goal of increasing access to education and empowering individuals to reach their full potential through higher learning.
This information is meant to be a general summary of Brazos Student Finance 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: $9,805
- Program Service Revenue: $4,366,938
- Gross Receipts: $4,506,585
Assets and Liabilities:
- Total Assets: $111,165,594
- Total Liabilities: $66,811,660
- Net Assets: $44,353,934
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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
$4,343,039
Late Charges
Revenue
$23,899
Organization Details
Founding Year
1985
Phone
(254) 753-0915Principal Officer
Ricky Turman
Main Address
5609 Crosslake Pkwy, Waco, TX, 76712
Website
www.studentloans.comNTEE Category
Code: W600 - Public benefit
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