Overview
What is Bosque Higher Education Authority Inc?
Bosque Higher Education Authority Inc., located in Waco, Texas, serves 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. The organization's mission is to make education accessible by backing initiatives and programs that finance educational opportunities. Funding for these loans is sourced from the organization's own resources. In essence, Bosque Higher Education Authority Inc. works to bridge the financial gap in higher education, enabling students to pursue their educational aspirations.
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)
Bosque Higher Education Authority Inc has received a Three-Star rating from Charity Navigator, indicating a solid level of accountability and finance management. The organization has achieved a score of 81%, primarily due to its high standards in transparency and governance.
The charity boasts a strong independent board with 100% of its members being independent, which reflects positively on its governance structure. Additionally, it has a commendable record of no material diversion of assets, ensuring that funds are utilized effectively for their intended purposes. The organization's commitment to accountability is further supported by listed policies on conflict of interest, whistleblower protection, and document retention.
While the overall score is positive, the evaluation is solely based on the Accountability & Finance beacon. This could suggest limitations in assessing other aspects of the organization, such as its program effectiveness or community impact. Nonetheless, the high program expense ratio indicates that the majority of funds are directed towards the organization's mission.
This AI summary has been generated from information found on Charity Navigator.
Is Bosque Higher Education Authority Inc legitimate?
Bosque Higher Education Authority Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bosque 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 Bosque Higher Education Authority Inc?
Bosque Higher Education Authority Inc's mission is centered around making education accessible for all. They accomplish this by supporting various educational programs and initiatives, aiming to 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 other alternative private student loan programs, Bosque Higher Education Authority Inc plays a crucial role in making higher education financially feasible for many individuals. Their mission is to make education a reality, providing the necessary financial support to ensure educational opportunities are within reach.
Official website here: www.studentloans.com
Who is the CEO of Bosque Higher Education Authority Inc?
Ricky Turman is the President/Ceo of Bosque Higher Education Authority Inc. The CEO's salary of Bosque Higher Education Authority Inc is $0 and their total compensation is $775,096.
Official website here: www.studentloans.com
What is the revenue of Bosque Higher Education Authority Inc?
Bosque Higher Education Authority Inc's revenue in 2022 was $2,490,292.
Official website here: www.studentloans.com
Who are the executives of Bosque Higher Education Authority Inc and what are their salaries?
There 7 volunteers at Bosque Higher Education Authority Inc.
Here are 14 key members and their salaries (Bosque Higher Education Authority Inc'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 Bosque Higher Education Authority Inc?
Bosque 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 Bosque Higher Education Authority Inc
Bosque Higher Education Authority Inc, as a secondary market for college student loans, is committed to making education a reality for individuals by supporting various programs and initiatives aimed at financing educational opportunities. Under the Federal Family Education Loan Program (FFELP), Health Education Assistance Loan (HEAL), Teacher Education Assistance for College and Higher Education (TEACH), and other alternative private student loan programs, Bosque Higher Education Authority Inc held student loans, funding them with its own resources. This nonprofit organization's mission is to provide a pathway to higher education by offering financial support through these programs and initiatives, thereby enabling individuals to pursue their educational goals.
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Impact
July, 2024
Bosque Higher Education Authority Inc's impact lies in its support for educational opportunities through the financing of student loans under various programs such as the Federal Family Education Loan Program (FFELP), HEAL, TERI, and other alternative student loan programs. By providing financial assistance to students pursuing higher education, Bosque plays a vital role in making education more accessible and attainable for individuals who may not have the means to fund their studies independently. In this way, Bosque contributes to the advancement of education and the empowerment of students to achieve their academic goals.
This information is meant to be a general summary of Bosque 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: $1,170
- Program Service Revenue: $2,331,303
- Gross Receipts: $2,490,292
Assets and Liabilities:
- Total Assets: $501,515
- Total Liabilities: $6,418
- Net Assets: $495,097
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Interest on Student Loans
Revenue
$2,315,861
Late Charges
Revenue
$15,442
Organization Details
Founding Year
1989
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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