{"success":true,"data":{"_id":330947525,"filings":[{"Organization":{"Hours":[0],"Total Compensation":[0],"Direct compensation":[0],"Other compensation":[0]},"Basic":{"mission":"Educational funding services's mission is to make education a reality by supporting programs and initiatives to finance educational opportunities.","primary_activities":"Educational Funding Services Inc. serviced over 98,000 loans totaling over $562 million under the Title IV Federal Family Education Loan Progam (FFELP) student loan programs. These loans were funded through both permanent and temporary financings.","year":2009,"name":"EDUCATIONAL FUNDING SERVICES INC","phone":"2547530915","website":"www.brazos.us.com","type":"990","principal_officer":"RICKY TURMAN","year_formation":2000,"state_legal_domicile":"TX","total_volunteers":0,"tax_period_begin":"2009-07-01T00:00:00","tax_period_end":"2010-06-30T00:00:00","address":"PO BOX 1308, WACO, TX, 76703, USA","city":"WACO","state":"TX","country":"USA","zip_code":"76703"},"Governance":{"501c determination":true,"Number of voting members":8,"Number of independent voting members":8,"Number of employees total":0,"Total Gross UBI":0,"Net unrelated business taxable income":0,"Number of employees":0,"Prohibited tax shelter transactions":false,"Taxable party notification":false,"Funds to pay premiums":false,"Premiums Paid":false,"Family or business relationship":true,"Delegation of management duties":true,"Conflict of interest policy":true,"Whistle blower policy":true,"Changes to organizing documents":false,"Material diversion or misuse":false,"Members or stockholders":false,"Election of board members":false,"Decisions subject to approval":true,"Minutes of governing body":true,"Local chapters":false,"Form 990 provided to governing body":true,"Document retention policy":true,"Investment in joint venture":false,"Independent audit financial statements":true,"Consolidated audit financial statements":false,"Accountant compile or review":false,"Financial statements audited by independent accountant":true,"Audit committee":true,"Federal grant audit required":true,"Federal grant audit performed":true,"Political activities":false,"Donor advised funds":false,"Conservation easements":false,"Collections of art":false,"School":false,"Hospital":false,"Foreign activities":false,"Foreign office":false,"Gaming":false,"Fundraising activities":false,"Professional fundraising":false,"Loan to officer or DQP":false,"Grant to related person":false,"Business relationship through family member":false,"Business relationship with organization":false,"Transfers to exempt non-charitable organization":false},"Revenues":{"value":21918013,"Contributions":{"value":0},"Program revenue":{"value":17904709,"Total revenue":17904709},"Investment income":{"value":18037,"Investment income total":18037,"Net investment gain":0,"Income from invest bond proceeds":0},"Other revenues":{"value":3995267,"Other total":3995267,"Royalties revenue":0,"Net income from fundraising events":0,"Net income from gaming":0,"Net income":0}},"Expenses":{"value":21523185,"Grant expense":{"value":0,"Grants to domestic orgs":0,"Grants to domestic individuals":0,"Foreign grants":0},"Total professional fundraising expense":{"value":0,"Fundraising professional":0},"Benefits paid to members":{"value":0,"Benefits paid to members Total":0},"Salaries":{"value":0,"Current officers":0,"Disqualified persons":0,"Other salaries and wages":0,"Pension plan contributions":0,"Other employee benefits":0,"Payroll taxes":0},"Other expenses":{"value":21523185,"Management services":0,"Legal":39303,"Accounting":5000,"Lobbying services":0,"Investment management fees":0,"Other services":0,"Advertising":0,"Office expenses":0,"Information technology":0,"Royalties":0,"Occupancy":0,"Travel":0,"Conferences and meetings":0,"Interest":13604962,"Payments to affiliates":0,"Depreciation and depletion":0,"Insurance":0,"Travel entertainment public officials":0,"Itemized Expenses":{"value":7597785,"VARIOUS":7597785},"All other expenses":276135}},"Assets":{"value":600931703,"Non-interest bearing cash":0,"Savings and temp cash investments":18275337,"Other net note and loans":570066267,"Prepaid expenses deferred charges":11101,"Other assets":12578998},"Liabilities":{"value":608247889,"Accounts payable, accrued":1050310,"Tax exempt bond liabilities":45200000,"Secured mortgages and notes payable":561997579,"Other liabilities":0},"Fund balance":{"value":-7316186},"Form990Details":{"program_service_accomplishments":[{"description":"Educational Funding Services Inc. serviced over 98,000 loans totaling over $562 million under the Title IV Federal Family Education Loan Progam (FFELP) student loan programs. These loans were funded through both permanent and temporary financings.","expense":21523185,"revenue":21899976}],"program_service_revenue_detail":[{"business_code":"522294","description":"Yield on student loan notes receivable","total_revenue":17904709,"related_or_exempt_function_income":17904709}],"functional_expense_allocations":{"current_officers_directors":{"total":0},"disqualified_persons":{"total":0},"other_salaries_and_wages":{"total":0},"pension_plan_contributions":{"total":0},"other_employee_benefits":{"total":0},"payroll_taxes":{"total":0},"management_fees":{"total":0},"legal_fees":{"program_services":39303,"total":39303},"accounting_fees":{"program_services":5000,"total":5000},"lobbying_fees":{"total":0},"professional_fundraising_fees":{"total":0},"investment_management_fees":{"total":0},"other_service_fees":{"total":0},"advertising":{"total":0},"office_expenses":{"total":0},"information_technology":{"total":0},"royalties":{"total":0},"occupancy":{"total":0},"travel":{"total":0},"conferences_meetings":{"total":0},"interest":{"program_services":13604962,"total":13604962},"payments_to_affiliates":{"total":0},"depreciation_depletion":{"total":0},"insurance":{"total":0},"all_other_expenses":{"program_services":276135,"total":276135}},"tax_and_disclosure_flags":{"activities_conducted_through_partnership":false,"foreign_financial_account":false,"backup_withholding_compliance":true,"lobbying_activities":false,"deductible_non_cash_contributions":false,"deductible_contributions_of_art":false,"method_of_accounting_accrual":true},"principal_officer_detail":{"person_name":"RICKY TURMAN","address_line1":"2600 WASHINGTON AVENUE","city":"WACO","state":"TX","zip":"76710"},"audit_financial_statement_detail":{"accountant_compile_or_review":false,"audited_financial_statement_separate":true,"federal_grant_audit_required":true,"federal_grant_audit_performed":true},"related_party_due_diligence":{"officer_entity_with_business_relationship":false,"officer_mailing_address":false,"related_entity":true,"related_org_controlled_entity":true,"compensation_from_other_sources":false,"excess_benefit_transaction":false,"annual_disclosure_covered_persons":true},"grant_due_diligence":{"grants_to_organizations":false,"grants_to_individuals":false,"more_than_5000_to_organizations":false,"more_than_5000_to_individuals":false},"books_are_in_care_of":{"person_name":"RICKY TURMAN CFO EVP","phone":"2547530915","address_line1":"2600 Washington Avenue","city":"Waco","state":"TX","zip":"76710"},"officers_directors_key_employees":[{"title":"Director","average_hours_per_week":1.0,"reportable_comp_from_org":0,"reportable_comp_from_related_orgs":1045,"other_compensation":0,"individual_trustee_or_director":true},{"title":"Director (stepped down 6/2010)","average_hours_per_week":1.0,"reportable_comp_from_org":0,"reportable_comp_from_related_orgs":0,"other_compensation":0,"individual_trustee_or_director":true},{"title":"Director","average_hours_per_week":1.0,"reportable_comp_from_org":0,"reportable_comp_from_related_orgs":0,"other_compensation":0,"individual_trustee_or_director":true},{"title":"Director","average_hours_per_week":1.0,"reportable_comp_from_org":0,"reportable_comp_from_related_orgs":0,"other_compensation":0,"individual_trustee_or_director":true},{"title":"Director","average_hours_per_week":1.0,"reportable_comp_from_org":0,"reportable_comp_from_related_orgs":0,"other_compensation":0,"individual_trustee_or_director":true},{"title":"Vice Chairman","average_hours_per_week":1.0,"reportable_comp_from_org":0,"reportable_comp_from_related_orgs":0,"other_compensation":0,"individual_trustee_or_director":true},{"title":"Director","average_hours_per_week":1.0,"reportable_comp_from_org":0,"reportable_comp_from_related_orgs":0,"other_compensation":0,"individual_trustee_or_director":true},{"title":"Chairman","average_hours_per_week":1.0,"reportable_comp_from_org":0,"reportable_comp_from_related_orgs":779,"other_compensation":0,"individual_trustee_or_director":true},{"title":"Director","average_hours_per_week":1.0,"reportable_comp_from_org":0,"reportable_comp_from_related_orgs":0,"other_compensation":0,"individual_trustee_or_director":true},{"title":"Assistant Secretary","average_hours_per_week":1.0,"reportable_comp_from_org":0,"reportable_comp_from_related_orgs":59759,"other_compensation":12094,"officer":true},{"title":"Controller/VP","average_hours_per_week":1.0,"reportable_comp_from_org":0,"reportable_comp_from_related_orgs":171043,"other_compensation":29598,"officer":true},{"title":"EVP/Spec Asst to President","average_hours_per_week":1.0,"reportable_comp_from_org":0,"reportable_comp_from_related_orgs":350219,"other_compensation":47427,"officer":true},{"title":"Internal Audit Director","average_hours_per_week":1.0,"reportable_comp_from_org":0,"reportable_comp_from_related_orgs":126421,"other_compensation":19773,"officer":true},{"title":"President","average_hours_per_week":1.0,"reportable_comp_from_org":0,"reportable_comp_from_related_orgs":295824,"other_compensation":36096,"officer":true},{"title":"EVP / CFO","average_hours_per_week":1.0,"reportable_comp_from_org":0,"reportable_comp_from_related_orgs":465169,"other_compensation":29441,"officer":true},{"title":"Associate General Counsel","average_hours_per_week":1.0,"reportable_comp_from_org":0,"reportable_comp_from_related_orgs":200568,"other_compensation":18960,"officer":true},{"title":"EVP","average_hours_per_week":1.0,"reportable_comp_from_org":0,"reportable_comp_from_related_orgs":1022410,"other_compensation":29934,"officer":true},{"title":"Treasurer","average_hours_per_week":1.0,"reportable_comp_from_org":0,"reportable_comp_from_related_orgs":93098,"other_compensation":18945,"officer":true},{"title":"Secretary","average_hours_per_week":1.0,"reportable_comp_from_org":0,"reportable_comp_from_related_orgs":0,"other_compensation":0,"officer":true},{"title":"Asset Mgmt VP (retired 1/2010)","average_hours_per_week":1.0,"reportable_comp_from_org":0,"reportable_comp_from_related_orgs":135864,"other_compensation":18593,"officer":true}]},"ScheduleA":{"public_charity_status":{"publicly_supported_org_509a2":true},"support_170":{"prior_year_support_percentage":0.9444},"support_509":{"thirty_three_percent_test_current_year":true,"public_support_total":137552097,"public_support_percentage":0.95603,"investment_income_percentage":0.04397,"prior_year_investment_income_percentage":0.0556},"support_509_prior_schema":{"gross_receipts_from_admissions":{"current_year":21909039,"current_year_minus1":32216651,"current_year_minus2":51099028,"current_year_minus3":4168749,"current_year_minus4":28158630,"total":137552097},"amounts_from_substantial_contributors":{"current_year":0,"current_year_minus1":0,"current_year_minus2":0,"current_year_minus3":0,"current_year_minus4":0,"total":0},"amounts_received_from_disqualified_persons":{"current_year":0,"current_year_minus1":0,"current_year_minus2":0,"current_year_minus3":0,"current_year_minus4":0,"total":0},"gross_investment_income_509":{"current_year":18037,"current_year_minus1":275561,"current_year_minus2":1646158,"current_year_minus3":467486,"current_year_minus4":3919573,"total":6326815},"investment_income_and_ubti":{"current_year":18037,"current_year_minus1":275561,"current_year_minus2":1646158,"current_year_minus3":467486,"current_year_minus4":3919573,"total":6326815},"total_509":{"current_year":21909039,"current_year_minus1":32216651,"current_year_minus2":51099028,"current_year_minus3":4168749,"current_year_minus4":28158630,"total":137552097},"total_support_total":{"current_year":21927076,"current_year_minus1":32492212,"current_year_minus2":52745186,"current_year_minus3":4636235,"current_year_minus4":32078203,"total":143878912},"support_from_dqps":{"current_year":0,"current_year_minus1":0,"current_year_minus2":0,"current_year_minus3":0,"current_year_minus4":0,"total":0}},"supplemental_information":{"general":{"explanation":"DUE TO A CHANGE IN YEAR-END, A SHORT PERIOD RETURN WAS FILED FOR THE TIME PERIOD JUNE 1, 2007 THROUGH JUNE 30, 2007. THEREFORE, THE YEARS LISTED ON SCHEDULE A, PART III CORRESPOND TO THE TIME FRAMES AS LISTED BELOW: 2009 = JULY 1, 2009 THROUGH JUNE 30, 2010 2008 = JULY 1, 2008 THROUGH JUNE 30, 2009 2007 = JULY 1, 2007 THROUGH JUNE 30, 2008 2006 = JUNE 1, 2007 THROUGH JUNE 30, 2007 2005 = JUNE 1, 2006 THROUGH MAY 31, 2007"}}},"ScheduleB":{"attached":false,"required":false},"ScheduleD":{"other_liabilities":{"federal_income_tax_liability":0,"total_liability":0},"net_assets_reconciliation":{"total_revenue":21918013,"total_expenses":21523185,"excess_or_deficit_for_year":394828,"other_amount":360521,"total_adjustments":360521,"excess_or_deficit_per_financial_statements":755349},"revenue_reconciliation":{"total_revenue_audited_financial_statements":16804624,"other_revenue":360521,"revenue_not_reported":360521,"revenue_subtotal":16444103,"other_revenues_not_included":5473910,"revenue_not_reported_financial_statement":5473910,"total_revenue_per_990":21918013},"expense_reconciliation":{"total_expenses_audited_financial_statements":16049275,"expenses_subtotal":16049275,"other_expenses_not_included":5473910,"expenses_not_reported_financial_statement":5473910,"total_expenses_per_990":21523185},"supplemental_information":[{"identifier":"RECONCILIATION OF CHANGE IN NET ASSETS","explanation":"VALUATION ALLOWANCE ON SLNR - $360,521"},{"identifier":"RECONCILIATION OF Revenue PER AUDITED FINANCIAL STATEMENTS","explanation":"VALUATION ALLOWANCE ON SLNR - $360,521 RECONCILIATION OF Revenue PER AUDITED FINANCIAL STATEMENTS SCHEDULE D, PART XII, LINE 4b DEPT OF EDUCATION FEES - $3,271,110 AMORT OF LOAN PURCHASE FEES - $2,202,800 Total - $5,473,910"},{"identifier":"RECONCILIATION OF EXPENSES PER AUDITED FINANCIAL STATEMENTS","explanation":"DEPT OF EDUCATION FEES - $3,271,110 AMORT OF LOAN PURCHASE FEES - $2,202,800 Total - $5,473,910"},{"identifier":"FIN 48 FOOTNOTE","explanation":"THE COMPANY ADOPTED THE ACCOUNTING STANDARD RELATED TO UNCERTAIN TAX POSITIONS ON JULY 1, 2007, WHICH CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN THE COMPANY'S FINANCIAL STATEMENTS AND PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE ADOPTION OF THIS STANDARD HAD NO EFFECT ON THE COMPANY'S FINANCIAL POSITION OR RESULTS OF OPERATIONS. THE COMPANY FILES FEDERAL INCOME TAX RETURNS IN THE UNITED STATES. THE COMPANY MAY BE SUBJECT TO U.S. FEDERAL INCOME TAX EXAMINATIONS FOR THE TAX YEARS ENDING JUNE 30, 2007 AND LATER BY THE INTERNAL REVENUE SERVICE. THE COMPANY IS NOT CURRENTLY UNDER EXAMINATION FOR ANY OPEN TAX YEAR."}]},"ScheduleI":{"reported_domestic_org_grants":0,"reported_domestic_individual_grants":0,"total_domestic_grants":0},"ScheduleF":{"reported_foreign_grants":0},"ScheduleJ":{"compensation_arrangements":{"compensation_based_on_revenue_filing_org":false,"compensation_based_on_revenue_related_orgs":false,"compensation_based_on_net_earnings_filing_org":false,"compensation_based_on_net_earnings_related_orgs":false,"nonfixed_payments":false,"initial_contract_exception":false,"severance_payment":false,"supplemental_nonqualified_retirement_plan":false,"equity_based_compensation_arrangement":false},"compensation":[{"person_name":"Tammy Harralson","base_compensation_filing_org":0,"bonus_filing_org":0,"bonus_related_orgs":49633,"compensation_based_on_related_orgs":110802,"comp_report_prior_990_filing_org":0,"comp_report_prior_990_related_orgs":0,"deferred_compensation_filing_org":0,"deferred_compensation_related_orgs":17680,"nontaxable_benefits_filing_org":0,"nontaxable_benefits_related_orgs":11918,"other_compensation_filing_org":0,"other_compensation_related_orgs":10608,"total_compensation_filing_org":0,"total_compensation_related_orgs":200641,"name":"Tammy Harralson"},{"person_name":"David Horner","base_compensation_filing_org":0,"bonus_filing_org":0,"bonus_related_orgs":124886,"compensation_based_on_related_orgs":203333,"comp_report_prior_990_filing_org":0,"comp_report_prior_990_related_orgs":0,"deferred_compensation_filing_org":0,"deferred_compensation_related_orgs":24500,"nontaxable_benefits_filing_org":0,"nontaxable_benefits_related_orgs":22927,"other_compensation_filing_org":0,"other_compensation_related_orgs":22000,"total_compensation_filing_org":0,"total_compensation_related_orgs":397646,"name":"David Horner"},{"person_name":"Ellis Treadway","base_compensation_filing_org":0,"bonus_filing_org":0,"bonus_related_orgs":105279,"compensation_based_on_related_orgs":168545,"comp_report_prior_990_filing_org":0,"comp_report_prior_990_related_orgs":0,"deferred_compensation_filing_org":0,"deferred_compensation_related_orgs":24500,"nontaxable_benefits_filing_org":0,"nontaxable_benefits_related_orgs":11596,"other_compensation_filing_org":0,"other_compensation_related_orgs":22000,"total_compensation_filing_org":0,"total_compensation_related_orgs":331920,"name":"Ellis Treadway"},{"person_name":"Ricky Turman","base_compensation_filing_org":0,"bonus_filing_org":0,"bonus_related_orgs":163950,"compensation_based_on_related_orgs":283500,"comp_report_prior_990_filing_org":0,"comp_report_prior_990_related_orgs":0,"deferred_compensation_filing_org":0,"deferred_compensation_related_orgs":24500,"nontaxable_benefits_filing_org":0,"nontaxable_benefits_related_orgs":4941,"other_compensation_filing_org":0,"other_compensation_related_orgs":17719,"total_compensation_filing_org":0,"total_compensation_related_orgs":494610,"name":"Ricky Turman"},{"person_name":"Kelli Villarrial","base_compensation_filing_org":0,"bonus_filing_org":0,"bonus_related_orgs":50381,"compensation_based_on_related_orgs":145720,"comp_report_prior_990_filing_org":0,"comp_report_prior_990_related_orgs":0,"deferred_compensation_filing_org":0,"deferred_compensation_related_orgs":12406,"nontaxable_benefits_filing_org":0,"nontaxable_benefits_related_orgs":6554,"other_compensation_filing_org":0,"other_compensation_related_orgs":4467,"total_compensation_filing_org":0,"total_compensation_related_orgs":219528,"name":"Kelli Villarrial"},{"person_name":"Murray Watson","base_compensation_filing_org":0,"bonus_filing_org":0,"bonus_related_orgs":446138,"compensation_based_on_related_orgs":534875,"comp_report_prior_990_filing_org":0,"comp_report_prior_990_related_orgs":0,"deferred_compensation_filing_org":0,"deferred_compensation_related_orgs":24500,"nontaxable_benefits_filing_org":0,"nontaxable_benefits_related_orgs":5434,"other_compensation_filing_org":0,"other_compensation_related_orgs":41397,"total_compensation_filing_org":0,"total_compensation_related_orgs":1052344,"name":"Murray Watson"},{"person_name":"Suzanne Young","base_compensation_filing_org":0,"bonus_filing_org":0,"bonus_related_orgs":38491,"compensation_based_on_related_orgs":78523,"comp_report_prior_990_filing_org":0,"comp_report_prior_990_related_orgs":0,"deferred_compensation_filing_org":0,"deferred_compensation_related_orgs":13481,"nontaxable_benefits_filing_org":0,"nontaxable_benefits_related_orgs":5112,"other_compensation_filing_org":0,"other_compensation_related_orgs":18850,"total_compensation_filing_org":0,"total_compensation_related_orgs":154457,"name":"Suzanne Young"}]},"ScheduleK":{"bond_issues":[{"issuer_ein":330947525,"business_name_line1":"Educational Funding Services Inc","cusip_number":"281486AE0","date_issued":"2006-08-16T00:00:00","issue_price":20000000,"purpose":"STUDENT LOAN financing","defeased":false,"on_behalf_of_issuer":true,"name":"Educational Funding Services Inc"},{"issuer_ein":330947525,"business_name_line1":"Educational Funding Services Inc","cusip_number":"281486aJ9","date_issued":"2007-11-14T00:00:00","issue_price":30000000,"purpose":"STUDENT LOAN financing","defeased":false,"on_behalf_of_issuer":true,"name":"Educational Funding Services Inc"}],"bond_proceeds":[{"total_proceeds":22207755,"gross_proceeds_in_reserve_funds":159045,"issuance_costs_from_proceeds":262550,"working_capital_expenditures":0,"capital_expenditures":0,"amount_defeased":0,"amount_unspent":0,"substantial_completion_year":2007,"current_refunding":false,"advance_refunding":false,"final_allocation_made":true,"adequate_books_and_records_maintained":true},{"total_proceeds":31588568,"gross_proceeds_in_reserve_funds":301955,"issuance_costs_from_proceeds":296391,"working_capital_expenditures":0,"capital_expenditures":0,"amount_defeased":0,"amount_unspent":0,"substantial_completion_year":2008,"current_refunding":false,"advance_refunding":false,"final_allocation_made":true,"adequate_books_and_records_maintained":true}],"private_business_use":[{"private_business_use_by_others_percentage":0.0,"private_business_concerning_ubi_percentage":0.0,"total_private_business_use_percentage":0.0,"post_issuance_compliance_procedures":true,"management_contract":false,"bond_counsel_routinely_engaged":false,"research_agreements":false,"lease_arrangements":false,"partnership_or_llc_owning_property":false},{"private_business_use_by_others_percentage":0.0,"private_business_concerning_ubi_percentage":0.0,"total_private_business_use_percentage":0.0,"post_issuance_compliance_procedures":true,"management_contract":false,"bond_counsel_routinely_engaged":false,"research_agreements":false,"lease_arrangements":false,"partnership_or_llc_owning_property":false}],"arbitrage":[{"gross_proceeds_invested":false,"gross_proceeds_invested_in_gic":true,"gic_provider_business_name_line1":"pallas capital","term_of_gic_percentage":15.8,"regulatory_safe_harbor_satisfied":true,"hedge_identified_in_books_and_records":false,"variable_rate_issue":true,"exception_to_rebate":false,"form_8038t_filed":false},{"gross_proceeds_invested":false,"gross_proceeds_invested_in_gic":true,"gic_provider_business_name_line1":"pallas capital","term_of_gic_percentage":15.8,"regulatory_safe_harbor_satisfied":true,"hedge_identified_in_books_and_records":false,"variable_rate_issue":false,"exception_to_rebate":false,"form_8038t_filed":false}]},"ScheduleR":{"tax_exempt_organizations":[{"ein":742542435,"business_name_line1":"Acapita Education Finance Corporation","primary_activities":"fund std lns","exempt_code_section":"501(c)(3)","public_charity_status":"9","legal_domicile_state":"TX","address_line1":"PO BOX 1308","city":"WACO","state":"TX","zip":"76703","name":"Acapita Education Finance Corporation","address":"PO BOX 1308, WACO, TX, 76703"},{"ein":742541542,"business_name_line1":"Brazos Loan Servicing Inc","primary_activities":"fund std lns","exempt_code_section":"501(c)(3)","public_charity_status":"9","legal_domicile_state":"TX","address_line1":"2600 WASHINGTON AVENUE","city":"WACO","state":"TX","zip":"76710","name":"Brazos Loan Servicing Inc","address":"2600 WASHINGTON AVENUE, WACO, TX, 76710"},{"ein":742099402,"business_name_line1":"Brazos Higher Education Authority Inc","primary_activities":"fund std lns","exempt_code_section":"501(c)(3)","public_charity_status":"11 type 1","legal_domicile_state":"TX","address_line1":"PO BOX 1308","city":"WACO","state":"TX","zip":"76703","name":"Brazos Higher Education Authority Inc","address":"PO BOX 1308, WACO, TX, 76703"},{"ein":742129255,"business_name_line1":"Brazos Higher Education Service Corp","primary_activities":"fund std lns","exempt_code_section":"501(c)(3)","public_charity_status":"9","legal_domicile_state":"TX","address_line1":"PO BOX 1308","city":"WACO","state":"TX","zip":"76703","name":"Brazos Higher Education Service Corp","address":"PO BOX 1308, WACO, TX, 76703"},{"ein":742534099,"business_name_line1":"Bosque Higher Education Authority Inc","primary_activities":"fund std lns","exempt_code_section":"501(c)(3)","public_charity_status":"9","legal_domicile_state":"TX","address_line1":"PO BOX 1308","city":"WACO","state":"TX","zip":"76703","name":"Bosque Higher Education Authority Inc","address":"PO BOX 1308, WACO, TX, 76703"},{"ein":742356109,"business_name_line1":"Brazos Student Finance Corporation","primary_activities":"fund std lns","exempt_code_section":"501(c)(3)","public_charity_status":"9","legal_domicile_state":"TX","address_line1":"PO BOX 1308","city":"WACO","state":"TX","zip":"76703","name":"Brazos Student Finance Corporation","address":"PO BOX 1308, WACO, TX, 76703"},{"ein":742537669,"business_name_line1":"EdInvest Company","primary_activities":"fund std lns","exempt_code_section":"501(c)(3)","public_charity_status":"9","legal_domicile_state":"TX","address_line1":"2600 WASHINGTON AVENUE","city":"WACO","state":"TX","zip":"76710","name":"EdInvest Company","address":"2600 WASHINGTON AVENUE, WACO, TX, 76710"},{"ein":742536239,"business_name_line1":"Federated Student Finance Corporation","primary_activities":"fund std lns","exempt_code_section":"501(c)(3)","public_charity_status":"9","legal_domicile_state":"TX","address_line1":"2600 WASHINGTON AVENUE","city":"WACO","state":"TX","zip":"76710","name":"Federated Student Finance Corporation","address":"2600 WASHINGTON AVENUE, WACO, TX, 76710"},{"ein":205412189,"business_name_line1":"Atlantic Student Finance Corporation","primary_activities":"fund std lns","exempt_code_section":"501(c)(3)","public_charity_status":"7","legal_domicile_state":"FL","address_line1":"2600 WASHINGTON AVENUE","city":"WACO","state":"TX","zip":"76710","name":"Atlantic Student Finance Corporation","address":"2600 WASHINGTON AVENUE, WACO, TX, 76710"},{"ein":742534486,"business_name_line1":"Trinity Higher Education Authority Inc","primary_activities":"fund std lns","exempt_code_section":"501(c)(3)","public_charity_status":"9","legal_domicile_state":"TX","address_line1":"2600 WASHINGTON AVENUE","city":"WACO","state":"TX","zip":"76710","name":"Trinity Higher Education Authority Inc","address":"2600 WASHINGTON AVENUE, WACO, TX, 76710"},{"ein":200115078,"business_name_line1":"Angelina Higher Education Authority","primary_activities":"fund std lns","exempt_code_section":"501(c)(3)","public_charity_status":"9","legal_domicile_state":"TX","address_line1":"2600 WASHINGTON AVENUE","city":"WACO","state":"TX","zip":"76710","name":"Angelina Higher Education Authority","address":"2600 WASHINGTON AVENUE, WACO, TX, 76710"},{"ein":203870081,"business_name_line1":"Concho Higher Education Authority Inc","primary_activities":"fund std lns","exempt_code_section":"501(c)(3)","public_charity_status":"9","legal_domicile_state":"TX","address_line1":"2600 WASHINGTON AVENUE","city":"WACO","state":"TX","zip":"76710","name":"Concho Higher Education Authority Inc","address":"2600 WASHINGTON AVENUE, WACO, TX, 76710"},{"ein":203870120,"business_name_line1":"Frio Higher Education Authority Inc","primary_activities":"fund std lns","exempt_code_section":"501(c)(3)","public_charity_status":"9","legal_domicile_state":"TX","address_line1":"2600 WASHINGTON AVENUE","city":"WACO","state":"TX","zip":"76710","name":"Frio Higher Education Authority Inc","address":"2600 WASHINGTON AVENUE, WACO, TX, 76710"},{"ein":203870153,"business_name_line1":"Lavaca Higher Education Authority Inc","primary_activities":"fund std lns","exempt_code_section":"501(c)(3)","public_charity_status":"9","legal_domicile_state":"TX","address_line1":"2600 WASHINGTON AVENUE","city":"WACO","state":"TX","zip":"76710","name":"Lavaca Higher Education Authority Inc","address":"2600 WASHINGTON AVENUE, WACO, TX, 76710"},{"ein":203870176,"business_name_line1":"Leon Higher Education Authority Inc","primary_activities":"fund std lns","exempt_code_section":"501(c)(3)","public_charity_status":"9","legal_domicile_state":"TX","address_line1":"2600 WASHINGTON AVENUE","city":"WACO","state":"TX","zip":"76710","name":"Leon Higher Education Authority Inc","address":"2600 WASHINGTON AVENUE, WACO, TX, 76710"},{"ein":203870219,"business_name_line1":"Llano Higher Education Authority Inc","primary_activities":"fund std lns","exempt_code_section":"501(c)(3)","public_charity_status":"9","legal_domicile_state":"TX","address_line1":"2600 WASHINGTON AVENUE","city":"WACO","state":"TX","zip":"76710","name":"Llano Higher Education Authority Inc","address":"2600 WASHINGTON AVENUE, WACO, TX, 76710"},{"ein":203868073,"business_name_line1":"Neches Higher Education Authority Inc","primary_activities":"fund std lns","exempt_code_section":"501(c)(3)","public_charity_status":"9","legal_domicile_state":"TX","address_line1":"2600 WASHINGTON AVENUE","city":"WACO","state":"TX","zip":"76710","name":"Neches Higher Education Authority Inc","address":"2600 WASHINGTON AVENUE, WACO, TX, 76710"},{"ein":203868139,"business_name_line1":"Paluxy Higher Education Authority Inc","primary_activities":"fund std lns","exempt_code_section":"501(c)(3)","public_charity_status":"9","legal_domicile_state":"TX","address_line1":"2600 WASHINGTON AVENUE","city":"WACO","state":"TX","zip":"76710","name":"Paluxy Higher Education Authority Inc","address":"2600 WASHINGTON AVENUE, WACO, TX, 76710"},{"ein":203867891,"business_name_line1":"Rozell Higher Education Authority Inc","primary_activities":"fund std lns","exempt_code_section":"501(c)(3)","public_charity_status":"9","legal_domicile_state":"TX","address_line1":"2600 WASHINGTON AVENUE","city":"WACO","state":"TX","zip":"76710","name":"Rozell Higher Education Authority Inc","address":"2600 WASHINGTON AVENUE, WACO, TX, 76710"},{"ein":203868185,"business_name_line1":"Sabine Higher Education Authority Inc","primary_activities":"fund std lns","exempt_code_section":"501(c)(3)","public_charity_status":"9","legal_domicile_state":"TX","address_line1":"2600 WASHINGTON AVENUE","city":"WACO","state":"TX","zip":"76710","name":"Sabine Higher Education Authority Inc","address":"2600 WASHINGTON AVENUE, WACO, TX, 76710"},{"ein":203868230,"business_name_line1":"Texoma Higher Education Authority Inc","primary_activities":"fund std lns","exempt_code_section":"501(c)(3)","public_charity_status":"9","legal_domicile_state":"TX","address_line1":"2600 WASHINGTON AVENUE","city":"WACO","state":"TX","zip":"76710","name":"Texoma Higher Education Authority Inc","address":"2600 WASHINGTON AVENUE, WACO, TX, 76710"},{"ein":264562436,"business_name_line1":"Brazos Education Foundation Inc","primary_activities":"grant making","exempt_code_section":"501(c)(3)","public_charity_status":"7","legal_domicile_state":"TX","address_line1":"2612 WASHINGTON AVENUE","city":"WACO","state":"TX","zip":"76710","name":"Brazos Education Foundation Inc","address":"2612 WASHINGTON AVENUE, WACO, TX, 76710"},{"ein":742540458,"business_name_line1":"Academic Finance Corporation","primary_activities":"fund std lns","exempt_code_section":"501(c)(3)","public_charity_status":"9","legal_domicile_state":"TX","address_line1":"PO BOX 1308","city":"WACO","state":"TX","zip":"76703","name":"Academic Finance Corporation","address":"PO BOX 1308, WACO, TX, 76703"},{"ein":203870046,"business_name_line1":"Education Servicing Mgmt Corporation","primary_activities":"fund std lns","exempt_code_section":"501(c)(3)","public_charity_status":"9","legal_domicile_state":"TX","address_line1":"2600 WASHINGTON AVENUE","city":"WACO","state":"TX","zip":"76710","name":"Education Servicing Mgmt Corporation","address":"2600 WASHINGTON AVENUE, WACO, TX, 76710"},{"ein":742539632,"business_name_line1":"Brazos Education Finance Corporation In","primary_activities":"fund std lns","exempt_code_section":"501(c)(3)","public_charity_status":"11 type 1","legal_domicile_state":"TX","address_line1":"2600 WASHINGTON AVENUE","city":"WACO","state":"TX","zip":"76710","name":"Brazos Education Finance Corporation In","address":"2600 WASHINGTON AVENUE, WACO, TX, 76710"}],"transaction_flags":{"gift_grant_or_capital_contribution_from_other_org":false,"gift_grant_or_capital_contribution_to_other_org":false,"loans_or_guarantees_from_other_org":false,"loans_or_guarantees_to_other_org":false,"performance_of_services_by_other_orgs":true,"performance_of_services_for_other_orgs":false,"sharing_of_facilities":false,"sharing_of_paid_employees":false,"reimbursement_paid_by_other_org":false,"reimbursement_paid_to_other_org":false,"rental_of_facilities_from_other_orgs":false,"rental_of_facilities_to_other_orgs":false,"purchase_of_assets_from_other_org":false,"sale_of_assets_to_other_org":true,"exchange_of_assets":false,"receipt_of_interest_annuities_rents_royalties":false,"other_transfer_from_other_org":false,"other_transfer_to_other_org":false},"transactions":[{"business_name_line1":"Brazos Higher Education Service Corporation","amount_involved":81434,"transaction_type":"f","name":"Brazos Higher Education Service Corporation"},{"business_name_line1":"Brazos Higher Education Service Corporation","amount_involved":479605,"transaction_type":"l","name":"Brazos Higher Education Service Corporation"}]},"source_xml":"201111329349303156_public.xml"},{"Organization":{"Hours":[0],"Total Compensation":[0],"Direct compensation":[0],"Other compensation":[0]},"Basic":{"mission":"Educational funding services's mission is to make education a reality by supporting programs and initiatives to finance educational opportunities.","primary_activities":"Educational Funding Services Inc. serviced over 1,500 loans totaling $45 million under the Title IV Federal Family Education Loan Program (FFELP) student loan programs. These loans were funded through both permanent and temporary financings.","year":2011,"name":"EDUCATIONAL FUNDING SERVICES INC","phone":"2547530915","website":"www.brazos.us.com","type":"990","principal_officer":"RICKY TURMAN","year_formation":2000,"state_legal_domicile":"TX","total_volunteers":0,"tax_period_begin":"2011-07-01T00:00:00","tax_period_end":"2012-06-30T00:00:00","address":"PO BOX 1308, WACO, TX, 76703, USA","city":"WACO","state":"TX","country":"USA","zip_code":"76703"},"Governance":{"501c3 determination":true,"Number of voting members":8,"Number of independent voting members":8,"Number of employees total":0,"Total Gross UBI":0,"Number of employees":0,"Prohibited tax shelter transactions":false,"Taxable party notification":false,"Funds to pay premiums":false,"Premiums Paid":false,"Family or business relationship":true,"Delegation of management duties":true,"Conflict of interest policy":true,"Whistle blower policy":true,"Compensation process for CEO":false,"Compensation process for other employees":false,"Changes to organizing documents":false,"Material diversion or misuse":false,"Members or stockholders":false,"Election of board members":false,"Decisions subject to approval":true,"Minutes of governing body":true,"Local chapters":false,"Form 990 provided to governing body":true,"Document retention policy":true,"Investment in joint venture":false,"Independent audit financial statements":false,"Consolidated audit financial statements":false,"Accountant compile or review":false,"Financial statements audited by independent accountant":false,"Federal grant audit required":false,"Political activities":false,"Donor advised funds":false,"Conservation easements":false,"Collections of art":false,"School":false,"Hospital":false,"Foreign activities":false,"Foreign office":false,"Gaming":false,"Fundraising activities":false,"Professional fundraising":false,"Loan to officer or DQP":false,"Grant to related person":false,"Business relationship through family member":false,"Business relationship with organization":false,"Transfers to exempt non-charitable organization":false},"Revenues":{"value":76379,"Contributions":{"value":0},"Program revenue":{"value":76369,"Total revenue":76369},"Investment income":{"value":10,"Investment income total":10,"Net investment gain":0,"Income from invest bond proceeds":0},"Other revenues":{"value":0,"Other total":0,"Royalties revenue":0,"Net income from fundraising events":0,"Net income from gaming":0,"Net income":0}},"Expenses":{"value":679090,"Grant expense":{"value":0,"Grants to domestic orgs":0,"Grants to domestic individuals":0,"Foreign grants":0},"Total professional fundraising expense":{"value":0,"Fundraising professional":0},"Benefits paid to members":{"value":0,"Benefits paid to members Total":0},"Salaries":{"value":0,"Current officers":0,"Disqualified persons":0,"Other salaries and wages":0,"Pension plan contributions":0,"Other employee benefits":0,"Payroll taxes":0},"Other expenses":{"value":679090,"Management services":0,"Legal":12077,"Accounting":0,"Lobbying services":0,"Investment management fees":0,"Other services":0,"Advertising":0,"Office expenses":0,"Information technology":0,"Royalties":0,"Occupancy":0,"Travel":0,"Conferences and meetings":0,"Interest":627092,"Payments to affiliates":0,"Depreciation and depletion":0,"Insurance":0,"Travel entertainment public officials":0,"Itemized Expenses":{"value":31331,"VARIOUS":31331},"All other expenses":8590}},"Assets":{"value":0,"Non-interest bearing cash":0,"Savings and temp cash investments":0,"Pledges and grants receivable":0,"Accounts receivable":0,"Receivables from officers":0,"Receivables from disqual persons":0,"Other net note and loans":0,"Inventories for sale or use":0,"Prepaid expenses deferred charges":0,"Investments publicly traded":0,"Investments other":0,"Investments program related":0,"Intangible assets":0,"Other assets":0},"Liabilities":{"value":591975,"Accounts payable, accrued":591975,"Grants payable":0,"Deferred, revenue":0,"Tax exempt bond liabilities":0,"Escrow account liability":0,"Loans from officers, directors":0,"Secured mortgages and notes payable":0,"Unsecured notes loans payable":0,"Other liabilities":0},"Fund balance":{"value":-591975},"Form990Details":{"program_service_accomplishments":[{"description":"Educational Funding Services Inc. serviced over 1,500 loans totaling $45 million under the Title IV Federal Family Education Loan Program (FFELP) student loan programs. These loans were funded through both permanent and temporary financings.","expense":679090,"grants":0,"revenue":76369}],"program_service_revenue_detail":[{"business_code":"522294","description":"Yield on student loan notes receivable","total_revenue":76369,"related_or_exempt_function_income":76369}],"functional_expense_allocations":{"current_officers_directors":{"total":0},"disqualified_persons":{"total":0},"other_salaries_and_wages":{"total":0},"pension_plan_contributions":{"total":0},"other_employee_benefits":{"total":0},"payroll_taxes":{"total":0},"management_fees":{"total":0},"legal_fees":{"program_services":12077,"total":12077},"accounting_fees":{"total":0},"lobbying_fees":{"total":0},"professional_fundraising_fees":{"total":0},"investment_management_fees":{"total":0},"other_service_fees":{"total":0},"advertising":{"total":0},"office_expenses":{"total":0},"information_technology":{"total":0},"royalties":{"total":0},"occupancy":{"total":0},"travel":{"total":0},"conferences_meetings":{"total":0},"interest":{"program_services":627092,"total":627092},"payments_to_affiliates":{"total":0},"depreciation_depletion":{"total":0},"insurance":{"total":0},"all_other_expenses":{"program_services":8590,"total":8590}},"tax_and_disclosure_flags":{"activities_conducted_through_partnership":false,"foreign_financial_account":false,"backup_withholding_compliance":true,"lobbying_activities":false,"deductible_non_cash_contributions":false,"deductible_contributions_of_art":false,"method_of_accounting_accrual":true,"schedule_o_part_iii":true,"schedule_o_part_vi":true,"schedule_o_part_vii":true,"schedule_o_part_xi":true},"principal_officer_detail":{"person_name":"RICKY TURMAN","address_line1":"2600 WASHINGTON AVENUE","city":"WACO","state":"TX","zip":"76710"},"audit_financial_statement_detail":{"accountant_compile_or_review":false,"federal_grant_audit_required":false},"related_party_due_diligence":{"officer_entity_with_business_relationship":false,"officer_mailing_address":false,"related_entity":true,"related_org_controlled_entity":true,"compensation_from_other_sources":false,"excess_benefit_transaction":false,"annual_disclosure_covered_persons":true},"grant_due_diligence":{"grants_to_organizations":false,"grants_to_individuals":false,"more_than_5000_to_organizations":false,"more_than_5000_to_individuals":false,"grants_payable_beginning_of_year":0,"grants_payable_end_of_year":0},"books_are_in_care_of":{"person_name":"RICKY TURMAN CFO EVP","phone":"2547530915","address_line1":"2600 Washington Avenue","city":"Waco","state":"TX","zip":"76710"},"officers_directors_key_employees":[{"title":"Director","average_hours_per_week":1.0,"reportable_comp_from_org":0,"reportable_comp_from_related_orgs":0,"other_compensation":0,"individual_trustee_or_director":true},{"title":"Director","average_hours_per_week":1.0,"reportable_comp_from_org":0,"reportable_comp_from_related_orgs":0,"other_compensation":0,"individual_trustee_or_director":true},{"title":"Director","average_hours_per_week":1.0,"reportable_comp_from_org":0,"reportable_comp_from_related_orgs":0,"other_compensation":0,"individual_trustee_or_director":true},{"title":"Director","average_hours_per_week":1.0,"reportable_comp_from_org":0,"reportable_comp_from_related_orgs":861,"other_compensation":0,"individual_trustee_or_director":true},{"title":"Vice Chairman","average_hours_per_week":1.0,"reportable_comp_from_org":0,"reportable_comp_from_related_orgs":0,"other_compensation":0,"individual_trustee_or_director":true},{"title":"Director","average_hours_per_week":1.0,"reportable_comp_from_org":0,"reportable_comp_from_related_orgs":0,"other_compensation":0,"individual_trustee_or_director":true},{"title":"Chairman","average_hours_per_week":1.0,"reportable_comp_from_org":0,"reportable_comp_from_related_orgs":0,"other_compensation":0,"individual_trustee_or_director":true},{"title":"Director","average_hours_per_week":1.0,"reportable_comp_from_org":0,"reportable_comp_from_related_orgs":814,"other_compensation":0,"individual_trustee_or_director":true},{"title":"Director","average_hours_per_week":1.0,"reportable_comp_from_org":0,"reportable_comp_from_related_orgs":759,"other_compensation":0,"individual_trustee_or_director":true},{"title":"Executive Vice President","average_hours_per_week":1.0,"reportable_comp_from_org":0,"reportable_comp_from_related_orgs":1183043,"other_compensation":32770,"officer":true},{"title":"EVP/Special Asst to President","average_hours_per_week":1.0,"reportable_comp_from_org":0,"reportable_comp_from_related_orgs":454978,"other_compensation":40649,"officer":true},{"title":"EVP / CFO","average_hours_per_week":1.0,"reportable_comp_from_org":0,"reportable_comp_from_related_orgs":493810,"other_compensation":43883,"officer":true},{"title":"Secretary","average_hours_per_week":1.0,"reportable_comp_from_org":0,"reportable_comp_from_related_orgs":0,"other_compensation":0,"officer":true},{"title":"Treasurer","average_hours_per_week":1.0,"reportable_comp_from_org":0,"reportable_comp_from_related_orgs":101285,"other_compensation":17820,"officer":true},{"title":"Assistant Secretary","average_hours_per_week":1.0,"reportable_comp_from_org":0,"reportable_comp_from_related_orgs":73656,"other_compensation":14026,"officer":true},{"title":"Controller/VP","average_hours_per_week":1.0,"reportable_comp_from_org":0,"reportable_comp_from_related_orgs":202037,"other_compensation":31284,"officer":true},{"title":"Internal Audit Director","average_hours_per_week":1.0,"reportable_comp_from_org":0,"reportable_comp_from_related_orgs":142909,"other_compensation":17620,"officer":true},{"title":"Associate General Counsel","average_hours_per_week":1.0,"reportable_comp_from_org":0,"reportable_comp_from_related_orgs":270736,"other_compensation":30872,"officer":true},{"title":"President","average_hours_per_week":1.0,"reportable_comp_from_org":0,"reportable_comp_from_related_orgs":338722,"other_compensation":38101,"officer":true},{"title":"VP Legal Affairs/Inden Ovrsght","average_hours_per_week":1.0,"reportable_comp_from_org":0,"reportable_comp_from_related_orgs":239578,"other_compensation":28098,"officer":true}]},"ScheduleA":{"public_charity_status":{"publicly_supported_org_509a2":true},"support_170":{"prior_year_support_percentage":0.9822},"support_509":{"thirty_three_percent_test_current_year":true,"public_support_total":129011460,"public_support_percentage":0.98512,"investment_income_percentage":0.01488,"prior_year_investment_income_percentage":0.0178},"support_509_prior_schema":{"gross_receipts_from_admissions":{"current_year":76369,"current_year_minus1":23719436,"current_year_minus2":21899976,"current_year_minus3":32216651,"current_year_minus4":51099028,"total":129011460},"amounts_from_substantial_contributors":{"current_year_minus1":0,"current_year_minus3":0,"current_year_minus4":0,"total":0},"amounts_received_from_disqualified_persons":{"current_year":0,"current_year_minus1":0,"current_year_minus2":0,"current_year_minus3":0,"current_year_minus4":0,"total":0},"gross_investment_income_509":{"current_year":10,"current_year_minus1":9102,"current_year_minus2":18037,"current_year_minus3":275561,"current_year_minus4":1646158,"total":1948868},"investment_income_and_ubti":{"current_year":10,"current_year_minus1":9102,"current_year_minus2":18037,"current_year_minus3":275561,"current_year_minus4":1646158,"total":1948868},"total_509":{"current_year":76369,"current_year_minus1":23719436,"current_year_minus2":21899976,"current_year_minus3":32216651,"current_year_minus4":51099028,"total":129011460},"total_support_total":{"current_year":76379,"current_year_minus1":23728538,"current_year_minus2":21918013,"current_year_minus3":32492212,"current_year_minus4":52745186,"total":130960328},"support_from_dqps":{"current_year":0,"current_year_minus1":0,"current_year_minus2":0,"current_year_minus3":0,"current_year_minus4":0,"total":0}}},"ScheduleB":{"attached":false,"required":false},"ScheduleI":{"reported_domestic_org_grants":0,"reported_domestic_individual_grants":0,"total_domestic_grants":0},"ScheduleF":{"reported_foreign_grants":0},"ScheduleJ":{"compensation_arrangements":{"compensation_based_on_revenue_filing_org":false,"compensation_based_on_revenue_related_orgs":false,"compensation_based_on_net_earnings_filing_org":false,"compensation_based_on_net_earnings_related_orgs":false,"nonfixed_payments":false,"initial_contract_exception":false,"severance_payment":false,"supplemental_nonqualified_retirement_plan":false,"equity_based_compensation_arrangement":false},"compensation":[{"person_name":"Murray Watson","base_compensation_filing_org":0,"bonus_filing_org":0,"bonus_related_orgs":561918,"compensation_based_on_related_orgs":554135,"comp_report_prior_990_filing_org":0,"comp_report_prior_990_related_orgs":0,"deferred_compensation_filing_org":0,"deferred_compensation_related_orgs":24500,"nontaxable_benefits_filing_org":0,"nontaxable_benefits_related_orgs":8270,"other_compensation_filing_org":0,"other_compensation_related_orgs":66990,"total_compensation_filing_org":0,"total_compensation_related_orgs":1215813,"name":"Murray Watson"},{"person_name":"David Horner","base_compensation_filing_org":0,"bonus_filing_org":0,"bonus_related_orgs":179124,"compensation_based_on_related_orgs":242206,"comp_report_prior_990_filing_org":0,"comp_report_prior_990_related_orgs":0,"deferred_compensation_filing_org":0,"deferred_compensation_related_orgs":24500,"nontaxable_benefits_filing_org":0,"nontaxable_benefits_related_orgs":16149,"other_compensation_filing_org":0,"other_compensation_related_orgs":33648,"total_compensation_filing_org":0,"total_compensation_related_orgs":495627,"name":"David Horner"},{"person_name":"Ricky Turman","base_compensation_filing_org":0,"bonus_filing_org":0,"bonus_related_orgs":200653,"compensation_based_on_related_orgs":276657,"comp_report_prior_990_filing_org":0,"comp_report_prior_990_related_orgs":0,"deferred_compensation_filing_org":0,"deferred_compensation_related_orgs":24500,"nontaxable_benefits_filing_org":0,"nontaxable_benefits_related_orgs":19383,"other_compensation_filing_org":0,"other_compensation_related_orgs":16500,"total_compensation_filing_org":0,"total_compensation_related_orgs":537693,"name":"Ricky Turman"},{"person_name":"Tammy Harralson","base_compensation_filing_org":0,"bonus_filing_org":0,"bonus_related_orgs":66328,"compensation_based_on_related_orgs":119209,"comp_report_prior_990_filing_org":0,"comp_report_prior_990_related_orgs":0,"deferred_compensation_filing_org":0,"deferred_compensation_related_orgs":20753,"nontaxable_benefits_filing_org":0,"nontaxable_benefits_related_orgs":10531,"other_compensation_filing_org":0,"other_compensation_related_orgs":16500,"total_compensation_filing_org":0,"total_compensation_related_orgs":233321,"name":"Tammy Harralson"},{"person_name":"Daniel Reyna","base_compensation_filing_org":0,"bonus_filing_org":0,"bonus_related_orgs":44919,"compensation_based_on_related_orgs":89496,"comp_report_prior_990_filing_org":0,"comp_report_prior_990_related_orgs":0,"deferred_compensation_filing_org":0,"deferred_compensation_related_orgs":14157,"nontaxable_benefits_filing_org":0,"nontaxable_benefits_related_orgs":3463,"other_compensation_filing_org":0,"other_compensation_related_orgs":8494,"total_compensation_filing_org":0,"total_compensation_related_orgs":160529,"name":"Daniel Reyna"},{"person_name":"Kelli Villarrial","base_compensation_filing_org":0,"bonus_filing_org":0,"bonus_related_orgs":86036,"compensation_based_on_related_orgs":168376,"comp_report_prior_990_filing_org":0,"comp_report_prior_990_related_orgs":0,"deferred_compensation_filing_org":0,"deferred_compensation_related_orgs":24500,"nontaxable_benefits_filing_org":0,"nontaxable_benefits_related_orgs":6372,"other_compensation_filing_org":0,"other_compensation_related_orgs":16324,"total_compensation_filing_org":0,"total_compensation_related_orgs":301608,"name":"Kelli Villarrial"},{"person_name":"Ellis Tredway","base_compensation_filing_org":0,"bonus_filing_org":0,"bonus_related_orgs":134399,"compensation_based_on_related_orgs":174439,"comp_report_prior_990_filing_org":0,"comp_report_prior_990_related_orgs":0,"deferred_compensation_filing_org":0,"deferred_compensation_related_orgs":24500,"nontaxable_benefits_filing_org":0,"nontaxable_benefits_related_orgs":13601,"other_compensation_filing_org":0,"other_compensation_related_orgs":29884,"total_compensation_filing_org":0,"total_compensation_related_orgs":376823,"name":"Ellis Tredway"},{"person_name":"Thomas Litle","base_compensation_filing_org":0,"bonus_filing_org":0,"bonus_related_orgs":23285,"compensation_based_on_related_orgs":199793,"comp_report_prior_990_filing_org":0,"comp_report_prior_990_related_orgs":0,"deferred_compensation_filing_org":0,"deferred_compensation_related_orgs":23898,"nontaxable_benefits_filing_org":0,"nontaxable_benefits_related_orgs":4200,"other_compensation_filing_org":0,"other_compensation_related_orgs":16500,"total_compensation_filing_org":0,"total_compensation_related_orgs":267676,"name":"Thomas Litle"}]},"ScheduleN":{"successor_relationships":{"director_of_successor":true,"employee_of_successor":false,"owner_of_successor":false,"received_compensation":false},"dispositions":[{"person_name":"Leon Higher Education Authority In","ein":203870176,"irc_section":"501(c)(3)","distribution_date":"2012-03-01T00:00:00","description":"Student loans","fair_market_value":4796261,"method_of_fmv_determination":"SOLD AT BOOK VALUE","address_line1":"PO BOX 1308","city":"WACO","state":"TX","zip":"76703","name":"Leon Higher Education Authority In","address":"PO BOX 1308, WACO, TX, 76703"}],"supplemental_information":[{"identifier":"SALE, EXCHANGE, DISPOSITION, OR OTHER TRANSFER","form_and_line_reference":"SCHEDULE N, PART II","explanation":"ALL OFFICERS AND DIRECTORS OF EDUCATIONAL FUNDING SERVICES, INC. Except Mr. Jones, Mr. Wayland, Mr. Marable, Mr. Smith, and Mr. Chase ARE ALSO OFFICERS AND DIRECTORS OF LEON HIGHER EDUCATION AUTHORITY. THESE COMPANIES ARE AFFILIATED ENTITIES. BOTH COMPANIES ARE 501(C)(3) TAX-EXEMPT ENTITIES."}]},"ScheduleR":{"tax_exempt_organizations":[{"ein":742542435,"business_name_line1":"Acapita Education Finance Corporation","primary_activities":"fund std lns","exempt_code_section":"501(c)(3)","public_charity_status":"9","controlled_organization":true,"legal_domicile_state":"TX","direct_controlling_business_name_line1":"NA","address_line1":"PO BOX 1308","city":"WACO","state":"TX","zip":"76703","name":"Acapita Education Finance Corporation","address":"PO BOX 1308, WACO, TX, 76703"},{"ein":203868073,"business_name_line1":"Brazos Education Loan Authority Inc","primary_activities":"fund std lns","exempt_code_section":"501(c)(3)","public_charity_status":"9","controlled_organization":true,"legal_domicile_state":"TX","direct_controlling_business_name_line1":"NA","address_line1":"2600 WASHINGTON AVENUE","city":"WACO","state":"TX","zip":"76710","name":"Brazos Education Loan Authority Inc","address":"2600 WASHINGTON AVENUE, WACO, TX, 76710"},{"ein":203868139,"business_name_line1":"Paluxy Higher Education Authority Inc","primary_activities":"fund std lns","exempt_code_section":"501(c)(3)","public_charity_status":"9","controlled_organization":true,"legal_domicile_state":"TX","direct_controlling_business_name_line1":"NA","address_line1":"2600 WASHINGTON AVENUE","city":"WACO","state":"TX","zip":"76710","name":"Paluxy Higher Education Authority Inc","address":"2600 WASHINGTON AVENUE, WACO, TX, 76710"},{"ein":203867891,"business_name_line1":"Rozell Higher Education Authority Inc","primary_activities":"fund std lns","exempt_code_section":"501(c)(3)","public_charity_status":"9","controlled_organization":true,"legal_domicile_state":"TX","direct_controlling_business_name_line1":"NA","address_line1":"2600 WASHINGTON AVENUE","city":"WACO","state":"TX","zip":"76710","name":"Rozell Higher Education Authority Inc","address":"2600 WASHINGTON AVENUE, WACO, TX, 76710"},{"ein":203868185,"business_name_line1":"Sabine Higher Education Authority Inc","primary_activities":"fund std lns","exempt_code_section":"501(c)(3)","public_charity_status":"9","controlled_organization":true,"legal_domicile_state":"TX","direct_controlling_business_name_line1":"NA","address_line1":"2600 WASHINGTON AVENUE","city":"WACO","state":"TX","zip":"76710","name":"Sabine Higher Education Authority Inc","address":"2600 WASHINGTON AVENUE, WACO, TX, 76710"},{"ein":203868230,"business_name_line1":"Texoma Higher Education Authority Inc","primary_activities":"fund std lns","exempt_code_section":"501(c)(3)","public_charity_status":"9","controlled_organization":true,"legal_domicile_state":"TX","direct_controlling_business_name_line1":"NA","address_line1":"2600 WASHINGTON AVENUE","city":"WACO","state":"TX","zip":"76710","name":"Texoma Higher Education Authority Inc","address":"2600 WASHINGTON AVENUE, WACO, TX, 76710"},{"ein":264562436,"business_name_line1":"Brazos Education Foundation Inc","primary_activities":"grant making","exempt_code_section":"501(c)(3)","public_charity_status":"7","controlled_organization":true,"legal_domicile_state":"TX","direct_controlling_business_name_line1":"NA","address_line1":"2612 WASHINGTON AVENUE","city":"WACO","state":"TX","zip":"76710","name":"Brazos Education Foundation Inc","address":"2612 WASHINGTON AVENUE, WACO, TX, 76710"},{"ein":742540458,"business_name_line1":"Academic Finance Corporation","primary_activities":"fund std lns","exempt_code_section":"501(c)(3)","public_charity_status":"9","controlled_organization":true,"legal_domicile_state":"TX","direct_controlling_business_name_line1":"NA","address_line1":"PO BOX 1308","city":"WACO","state":"TX","zip":"76703","name":"Academic Finance Corporation","address":"PO BOX 1308, WACO, TX, 76703"},{"ein":203870046,"business_name_line1":"Education Servicing Mgmt Corporation","primary_activities":"fund std lns","exempt_code_section":"501(c)(3)","public_charity_status":"9","controlled_organization":true,"legal_domicile_state":"TX","direct_controlling_business_name_line1":"NA","address_line1":"2600 WASHINGTON AVENUE","city":"WACO","state":"TX","zip":"76710","name":"Education Servicing Mgmt Corporation","address":"2600 WASHINGTON AVENUE, WACO, TX, 76710"},{"ein":742539632,"business_name_line1":"Brazos Education Finance Corporation In","primary_activities":"fund std lns","exempt_code_section":"501(c)(3)","public_charity_status":"11 type 1","controlled_organization":true,"legal_domicile_state":"TX","direct_controlling_business_name_line1":"NA","address_line1":"2600 WASHINGTON AVENUE","city":"WACO","state":"TX","zip":"76710","name":"Brazos Education Finance Corporation In","address":"2600 WASHINGTON AVENUE, WACO, TX, 76710"},{"ein":742099402,"business_name_line1":"Brazos Higher Education Authority Inc","primary_activities":"fund std lns","exempt_code_section":"501(c)(3)","public_charity_status":"11 type 1","controlled_organization":true,"legal_domicile_state":"TX","direct_controlling_business_name_line1":"NA","address_line1":"PO BOX 1308","city":"WACO","state":"TX","zip":"76703","name":"Brazos Higher Education Authority Inc","address":"PO BOX 1308, WACO, TX, 76703"},{"ein":205412189,"business_name_line1":"Atlantic Student Finance Corporation","primary_activities":"fund std lns","exempt_code_section":"501(c)(3)","public_charity_status":"7","controlled_organization":true,"legal_domicile_state":"FL","direct_controlling_business_name_line1":"NA","address_line1":"2600 WASHINGTON AVENUE","city":"WACO","state":"TX","zip":"76710","name":"Atlantic Student Finance Corporation","address":"2600 WASHINGTON AVENUE, WACO, TX, 76710"},{"ein":742534099,"business_name_line1":"Bosque Higher Education Authority Inc","primary_activities":"fund std lns","exempt_code_section":"501(c)(3)","public_charity_status":"9","controlled_organization":true,"legal_domicile_state":"TX","direct_controlling_business_name_line1":"NA","address_line1":"PO BOX 1308","city":"WACO","state":"TX","zip":"76703","name":"Bosque Higher Education Authority Inc","address":"PO BOX 1308, WACO, TX, 76703"},{"ein":742356109,"business_name_line1":"Brazos Student Finance Corporation","primary_activities":"fund std lns","exempt_code_section":"501(c)(3)","public_charity_status":"9","controlled_organization":true,"legal_domicile_state":"TX","direct_controlling_business_name_line1":"NA","address_line1":"PO BOX 1308","city":"WACO","state":"TX","zip":"76703","name":"Brazos Student Finance Corporation","address":"PO BOX 1308, WACO, TX, 76703"},{"ein":742537669,"business_name_line1":"EdInvest Company","primary_activities":"fund std lns","exempt_code_section":"501(c)(3)","public_charity_status":"9","controlled_organization":true,"legal_domicile_state":"TX","direct_controlling_business_name_line1":"NA","address_line1":"2600 WASHINGTON AVENUE","city":"WACO","state":"TX","zip":"76710","name":"EdInvest Company","address":"2600 WASHINGTON AVENUE, WACO, TX, 76710"},{"ein":742536239,"business_name_line1":"Federated Student Finance Corporation","primary_activities":"fund std lns","exempt_code_section":"501(c)(3)","public_charity_status":"9","controlled_organization":true,"legal_domicile_state":"TX","direct_controlling_business_name_line1":"NA","address_line1":"2600 WASHINGTON AVENUE","city":"WACO","state":"TX","zip":"76710","name":"Federated Student Finance Corporation","address":"2600 WASHINGTON AVENUE, WACO, TX, 76710"},{"ein":742129255,"business_name_line1":"Brazos Higher Education Service Corp","primary_activities":"fund std lns","exempt_code_section":"501(C)(3)","public_charity_status":"9","controlled_organization":true,"legal_domicile_state":"TX","direct_controlling_business_name_line1":"na","address_line1":"PO BOX 1308","city":"WACO","state":"TX","zip":"76703","name":"Brazos Higher Education Service Corp","address":"PO BOX 1308, WACO, TX, 76703"},{"ein":742534486,"business_name_line1":"Trinity Higher Education Authority Inc","primary_activities":"fund std lns","exempt_code_section":"501(c)(3)","public_charity_status":"9","controlled_organization":true,"legal_domicile_state":"TX","direct_controlling_business_name_line1":"NA","address_line1":"2600 WASHINGTON AVENUE","city":"WACO","state":"TX","zip":"76710","name":"Trinity Higher Education Authority Inc","address":"2600 WASHINGTON AVENUE, WACO, TX, 76710"},{"ein":200115078,"business_name_line1":"Angelina Higher Education Authority","primary_activities":"fund std lns","exempt_code_section":"501(c)(3)","public_charity_status":"9","controlled_organization":true,"legal_domicile_state":"TX","direct_controlling_business_name_line1":"NA","address_line1":"2600 WASHINGTON AVENUE","city":"WACO","state":"TX","zip":"76710","name":"Angelina Higher Education Authority","address":"2600 WASHINGTON AVENUE, WACO, TX, 76710"},{"ein":203870081,"business_name_line1":"Concho Higher Education Authority Inc","primary_activities":"fund std lns","exempt_code_section":"501(c)(3)","public_charity_status":"9","controlled_organization":true,"legal_domicile_state":"TX","direct_controlling_business_name_line1":"NA","address_line1":"2600 WASHINGTON AVENUE","city":"WACO","state":"TX","zip":"76710","name":"Concho Higher Education Authority Inc","address":"2600 WASHINGTON AVENUE, WACO, TX, 76710"},{"ein":203870120,"business_name_line1":"Frio Higher Education Authority Inc","primary_activities":"fund std lns","exempt_code_section":"501(c)(3)","public_charity_status":"9","controlled_organization":true,"legal_domicile_state":"TX","direct_controlling_business_name_line1":"NA","address_line1":"2600 WASHINGTON AVENUE","city":"WACO","state":"TX","zip":"76710","name":"Frio Higher Education Authority Inc","address":"2600 WASHINGTON AVENUE, WACO, TX, 76710"},{"ein":203870153,"business_name_line1":"Lavaca Higher Education Authority Inc","primary_activities":"fund std lns","exempt_code_section":"501(c)(3)","public_charity_status":"9","controlled_organization":true,"legal_domicile_state":"TX","direct_controlling_business_name_line1":"NA","address_line1":"2600 WASHINGTON AVENUE","city":"WACO","state":"TX","zip":"76710","name":"Lavaca Higher Education Authority Inc","address":"2600 WASHINGTON AVENUE, WACO, TX, 76710"},{"ein":203870176,"business_name_line1":"Leon Higher Education Authority Inc","primary_activities":"fund std lns","exempt_code_section":"501(c)(3)","public_charity_status":"9","controlled_organization":true,"legal_domicile_state":"TX","direct_controlling_business_name_line1":"NA","address_line1":"2600 WASHINGTON AVENUE","city":"WACO","state":"TX","zip":"76710","name":"Leon Higher Education Authority Inc","address":"2600 WASHINGTON AVENUE, WACO, TX, 76710"},{"ein":203870219,"business_name_line1":"Llano Higher Education Authority Inc","primary_activities":"fund std lns","exempt_code_section":"501(c)(3)","public_charity_status":"9","controlled_organization":true,"legal_domicile_state":"TX","direct_controlling_business_name_line1":"NA","name":"Llano Higher Education Authority Inc"}],"transaction_flags":{"gift_grant_or_capital_contribution_from_other_org":true,"gift_grant_or_capital_contribution_to_other_org":false,"loans_or_guarantees_from_other_org":false,"loans_or_guarantees_to_other_org":false,"performance_of_services_by_other_orgs":true,"performance_of_services_for_other_orgs":false,"sharing_of_facilities":false,"sharing_of_paid_employees":false,"reimbursement_paid_by_other_org":false,"reimbursement_paid_to_other_org":false,"rental_of_facilities_from_other_orgs":false,"rental_of_facilities_to_other_orgs":false,"purchase_of_assets_from_other_org":false,"sale_of_assets_to_other_org":true,"exchange_of_assets":false,"receipt_of_interest_annuities_rents_royalties":false,"other_transfer_from_other_org":false,"other_transfer_to_other_org":false},"transactions":[{"business_name_line1":"Leon Higher Education Authority Inc","amount_involved":496012,"method_of_amount_determination":"fmv","transaction_type":"c","name":"Leon Higher Education Authority Inc"},{"business_name_line1":"Leon Higher Education Authority Inc","amount_involved":4796261,"method_of_amount_determination":"fmv","transaction_type":"f","name":"Leon Higher Education Authority Inc"}]},"source_xml":"201311299349302646_public.xml"},{"Organization":{"Hours":[0],"Total Compensation":[0],"Direct compensation":[0],"Other compensation":[0]},"Basic":{"mission":"Educational funding services's mission is to make education a reality by supporting programs and initiatives to finance educational opportunities.","primary_activities":"Education Funding Services Inc. serviced 1,628 loans totaling over $5 million under the Title IV Federal Family Education Loan Program (FFELP) student loan programs. These loans were funded through both permanent and temporary financings.\n\nForm 990, part iii, line 3 cessation of services during the year ended june 30, 2011, educational funding services, inc. Sold all of its loans to brazos higher education authority, inc., a related entity. Educational funding services, inc. Used the proceeds to call all remaining notes payable. As a result of these transactions, educational funding services, inc. Ceased to hold loans in permanent financings. Educational funding services, inc. Does continue to hold loans under its temporary financing facility. Form 990, part vi, question 2 ray rushing and murray watson, jr. Have a business relationship. Form 990, part vi, question 3 description of management arrangement educational funding services, inc. Has a contract with brazos higher education service corporation to perform management and administration services on educational funding services's behalf. This includes master servicing administration for the outstanding student loans held by educational funding services, inc. The services include, but are not limited to: accounting, reporting, servicing, originating, marketing, treasury, and compliance monitoring of the student loans held by educational funding services, inc. Form 990, part vi, question 7b descr classes of persons, decisions requiring appr & type of voting rights educational funding services inc. Supports the city of mission viejo, california (the city). Issuance of tax-exempt debt is subject to approval by the city. Additionally, appointment of board members is provided to the city for review. Although the city does not approve or deny appointment of board members, the members are provided to them for review and comment prior to appointment. Form 990, part vi, question 11b describe the process used by management &/or governing body to review 990 the 990 tax return is provided to senior management for their review. After their review, the return is posted on a secure website for review by the board of directors. The board is notified of the posting and asked to provide comments or questions. Form 990, part vi, question 12c description of process to monitor transactions for conflicts of interest educational funding services, inc.'s internal audit department prepares and distributes a conflict of interest questionnaire to all board members and employees annually. The internal audit department reviews the questionnaires and compiles a list of potential conflicts for review by the audit committee, senior management, and the board of directors. Potential conflicts are assessed and resolved if determined to be at risk. Form 990, part vi, question 19 avail of gov docs, conflict of interest policy, & fin stmts to gen public the governing documents, conflict of interest policy, and financial statements are available to the public upon request. Form 990, part vii, section a average hours devoted to related organization *tredway, ellis - 40 hours with bhesc *horner, david - 40 hours with bhesc *watson, murray - 40 hours with bhesc *turman, ricky - 40 hours with bhesc *davis, susan - 40 hours with bhesc *villarial, kelli - 40 hours with bhesc *harralson, tammy - 40 hours with bhesc *reyna, daniel - 40 hours with bhesc *mcinnis, james - 40 hours with bhesc *litle, thomas - 40 hours with bhesc *marable, paul - 1 hour with bhesc *chase, tom - 1 hour with bhesc form 990, part xi, line 5 other changes in net assets or fund balances valuation allowance on slnr - ($189,941) transfer to affiliate - ($573,444) total - ($763,385) additional information recent legislative developments on march 30, 2010, president obama signed into law the reconciliation act of 2010. Effective july 1, 2010, this law prohibits new loan originations under the ffelp and requires that all new federal loan originations be made through the direct loan program. In the event that a first disbursement has been made on a ffelp loan prior to july 1, 2010, subsequent disbursements of that loan may still be made under the ffelp. Additionally, the new law does not alter or affect the terms and conditions of the existing ffelp.","year":2010,"name":"EDUCATIONAL FUNDING SERVICES INC","phone":"2547530915","website":"www.brazos.us.com","type":"990","principal_officer":"RICKY TURMAN","year_formation":2000,"state_legal_domicile":"TX","total_volunteers":0,"tax_period_begin":"2010-07-01T00:00:00","tax_period_end":"2011-06-30T00:00:00","address":"PO BOX 1308, WACO, TX, 76703, USA","city":"WACO","state":"TX","country":"USA","zip_code":"76703"},"Governance":{"501c3 determination":true,"Number of voting members":9,"Number of independent voting members":9,"Number of employees total":0,"Total Gross UBI":0,"Net unrelated business taxable income":0,"Number of employees":0,"Prohibited tax shelter transactions":false,"Taxable party notification":false,"Funds to pay premiums":false,"Premiums Paid":false,"Family or business relationship":true,"Delegation of management duties":true,"Conflict of interest policy":true,"Whistle blower policy":true,"Changes to organizing documents":false,"Material diversion or misuse":false,"Members or stockholders":false,"Election of board members":false,"Decisions subject to approval":true,"Minutes of governing body":true,"Local chapters":false,"Form 990 provided to governing body":true,"Document retention policy":true,"Investment in joint venture":false,"Independent audit financial statements":true,"Consolidated audit financial statements":false,"Accountant compile or review":false,"Financial statements audited by independent accountant":true,"Audit committee":true,"Federal grant audit required":true,"Federal grant audit performed":true,"Political activities":false,"Donor advised funds":false,"Conservation easements":false,"Collections of art":false,"School":false,"Hospital":false,"Foreign activities":false,"Foreign office":false,"Gaming":false,"Fundraising activities":false,"Professional fundraising":false,"Loan to officer or DQP":false,"Grant to related person":false,"Business relationship through family member":false,"Business relationship with organization":false,"Transfers to exempt non-charitable organization":false},"Revenues":{"value":23728538,"Contributions":{"value":0},"Program revenue":{"value":13785074,"Total revenue":{"value":13785074,"VARIOUS":13785074}},"Investment income":{"value":9102,"Investment income total":9102,"Net investment gain":0,"Income from invest bond proceeds":0},"Other revenues":{"value":9934362,"Other total":9934362,"Royalties revenue":0,"Net income from fundraising events":0,"Net income from gaming":0,"Net income":0}},"Expenses":{"value":16148201,"Grant expense":{"value":0,"Grants to domestic orgs":0,"Grants to domestic individuals":0,"Foreign grants":0},"Total professional fundraising expense":{"value":0,"Fundraising professional":0},"Benefits paid to members":{"value":0,"Benefits paid to members Total":0},"Salaries":{"value":0,"Current officers":0,"Disqualified persons":0,"Other salaries and wages":0,"Pension plan contributions":0,"Other employee benefits":0,"Payroll taxes":0},"Other expenses":{"value":16148201,"Management services":0,"Legal":49849,"Accounting":2000,"Lobbying services":0,"Investment management fees":0,"Other services":0,"Advertising":0,"Office expenses":0,"Information technology":0,"Royalties":0,"Occupancy":0,"Travel":0,"Conferences and meetings":0,"Interest":10735801,"Payments to affiliates":0,"Depreciation and depletion":0,"Insurance":0,"Travel entertainment public officials":0,"Itemized Expenses":{"value":5157045,"VARIOUS":5157045},"All other expenses":203506}},"Assets":{"value":5516775,"Savings and temp cash investments":158393,"Other net note and loans":5213872,"Prepaid expenses deferred charges":0,"Other assets":144510},"Liabilities":{"value":6016009,"Accounts payable, accrued":6009,"Tax exempt bond liabilities":0,"Secured mortgages and notes payable":6010000},"Fund balance":{"value":-499234},"Form990Details":{"program_service_accomplishments":[{"description":"Education Funding Services Inc. serviced 1,628 loans totaling over $5 million under the Title IV Federal Family Education Loan Program (FFELP) student loan programs. These loans were funded through both permanent and temporary financings.","expense":16148201,"grants":0,"revenue":23719436}],"program_service_revenue_detail":[{"business_code":"522294","description":"Yield on student loan notes receivable","total_revenue":13424694,"related_or_exempt_function_income":13424694},{"business_code":"522294","description":"RECOVERIES","total_revenue":360380,"related_or_exempt_function_income":360380}],"functional_expense_allocations":{"current_officers_directors":{"total":0},"disqualified_persons":{"total":0},"other_salaries_and_wages":{"total":0},"pension_plan_contributions":{"total":0},"other_employee_benefits":{"total":0},"payroll_taxes":{"total":0},"management_fees":{"total":0},"legal_fees":{"program_services":49849,"total":49849},"accounting_fees":{"program_services":2000,"total":2000},"lobbying_fees":{"total":0},"professional_fundraising_fees":{"total":0},"investment_management_fees":{"total":0},"other_service_fees":{"total":0},"advertising":{"total":0},"office_expenses":{"total":0},"information_technology":{"total":0},"royalties":{"total":0},"occupancy":{"total":0},"travel":{"total":0},"conferences_meetings":{"total":0},"interest":{"program_services":10735801,"total":10735801},"payments_to_affiliates":{"total":0},"depreciation_depletion":{"total":0},"insurance":{"total":0},"all_other_expenses":{"program_services":203506,"total":203506}},"tax_and_disclosure_flags":{"activities_conducted_through_partnership":false,"foreign_financial_account":false,"backup_withholding_compliance":true,"lobbying_activities":false,"deductible_non_cash_contributions":false,"deductible_contributions_of_art":false,"method_of_accounting_accrual":true,"schedule_o_part_iii":true,"schedule_o_part_vi":true,"schedule_o_part_xi":true},"principal_officer_detail":{"person_name":"RICKY TURMAN","address_line1":"2600 WASHINGTON AVENUE","city":"WACO","state":"TX","zip":"76710"},"audit_financial_statement_detail":{"accountant_compile_or_review":false,"audited_financial_statement_separate":true,"federal_grant_audit_required":true,"federal_grant_audit_performed":true},"related_party_due_diligence":{"officer_entity_with_business_relationship":false,"officer_mailing_address":false,"related_entity":true,"related_org_controlled_entity":true,"compensation_from_other_sources":false,"excess_benefit_transaction":false,"annual_disclosure_covered_persons":true},"grant_due_diligence":{"grants_to_organizations":false,"grants_to_individuals":false,"more_than_5000_to_organizations":false,"more_than_5000_to_individuals":false},"books_are_in_care_of":{"person_name":"RICKY TURMAN CFO EVP","phone":"2547530915","address_line1":"2600 Washington Avenue","city":"Waco","state":"TX","zip":"76710"},"officers_directors_key_employees":[{"title":"Director","average_hours_per_week":1.0,"reportable_comp_from_org":0,"reportable_comp_from_related_orgs":0,"other_compensation":0,"individual_trustee_or_director":true},{"title":"Director","average_hours_per_week":1.0,"reportable_comp_from_org":0,"reportable_comp_from_related_orgs":0,"other_compensation":0,"individual_trustee_or_director":true},{"title":"Director","average_hours_per_week":1.0,"reportable_comp_from_org":0,"reportable_comp_from_related_orgs":809,"other_compensation":0,"individual_trustee_or_director":true},{"title":"Director","average_hours_per_week":1.0,"reportable_comp_from_org":0,"reportable_comp_from_related_orgs":0,"other_compensation":0,"individual_trustee_or_director":true},{"title":"Vice Chairman","average_hours_per_week":1.0,"reportable_comp_from_org":0,"reportable_comp_from_related_orgs":0,"other_compensation":0,"individual_trustee_or_director":true},{"title":"Director","average_hours_per_week":1.0,"reportable_comp_from_org":0,"reportable_comp_from_related_orgs":0,"other_compensation":0,"individual_trustee_or_director":true},{"title":"Chairman","average_hours_per_week":1.0,"reportable_comp_from_org":0,"reportable_comp_from_related_orgs":0,"other_compensation":0,"individual_trustee_or_director":true},{"title":"Director","average_hours_per_week":1.0,"reportable_comp_from_org":0,"reportable_comp_from_related_orgs":824,"other_compensation":0,"individual_trustee_or_director":true},{"title":"Director","average_hours_per_week":1.0,"reportable_comp_from_org":0,"reportable_comp_from_related_orgs":0,"other_compensation":0,"individual_trustee_or_director":true},{"title":"General Counsel","average_hours_per_week":1.0,"reportable_comp_from_org":0,"reportable_comp_from_related_orgs":1064568,"other_compensation":53391,"officer":true},{"title":"EVP/SPECIAL ASST TO PRESIDENT","average_hours_per_week":1.0,"reportable_comp_from_org":0,"reportable_comp_from_related_orgs":405839,"other_compensation":49726,"officer":true},{"title":"EVP / CFO","average_hours_per_week":1.0,"reportable_comp_from_org":0,"reportable_comp_from_related_orgs":467391,"other_compensation":36687,"officer":true},{"title":"Secretary","average_hours_per_week":1.0,"reportable_comp_from_org":0,"reportable_comp_from_related_orgs":0,"other_compensation":0,"officer":true},{"title":"Treasurer","average_hours_per_week":1.0,"reportable_comp_from_org":0,"reportable_comp_from_related_orgs":98957,"other_compensation":21740,"officer":true},{"title":"Assistant Secretary","average_hours_per_week":1.0,"reportable_comp_from_org":0,"reportable_comp_from_related_orgs":63378,"other_compensation":14820,"officer":true},{"title":"Controller/VP","average_hours_per_week":1.0,"reportable_comp_from_org":0,"reportable_comp_from_related_orgs":184111,"other_compensation":34359,"officer":true},{"title":"Internal Audit Director","average_hours_per_week":1.0,"reportable_comp_from_org":0,"reportable_comp_from_related_orgs":130759,"other_compensation":22643,"officer":true},{"title":"Associate General Counsel","average_hours_per_week":1.0,"reportable_comp_from_org":0,"reportable_comp_from_related_orgs":239224,"other_compensation":34810,"officer":true},{"title":"President","average_hours_per_week":1.0,"reportable_comp_from_org":0,"reportable_comp_from_related_orgs":317570,"other_compensation":42921,"officer":true},{"title":"VP LEGAL AFFAIRS/INDEN OVRSGHT","average_hours_per_week":1.0,"reportable_comp_from_org":0,"reportable_comp_from_related_orgs":128577,"other_compensation":8710,"officer":true}]},"ScheduleA":{"public_charity_status":{"publicly_supported_org_509a2":true},"support_170":{"prior_year_support_percentage":0.95603},"support_509":{"thirty_three_percent_test_current_year":true,"public_support_total":133103840,"public_support_percentage":0.98217,"investment_income_percentage":0.01783,"prior_year_investment_income_percentage":0.04397},"support_509_prior_schema":{"gross_receipts_from_admissions":{"current_year":23719436,"current_year_minus1":21899976,"current_year_minus2":32216651,"current_year_minus3":51099028,"current_year_minus4":4168749,"total":133103840},"amounts_from_substantial_contributors":{"current_year":0,"current_year_minus1":0,"current_year_minus2":0,"current_year_minus3":0,"current_year_minus4":0,"total":0},"amounts_received_from_disqualified_persons":{"current_year":0,"current_year_minus1":0,"current_year_minus2":0,"current_year_minus3":0,"current_year_minus4":0,"total":0},"gross_investment_income_509":{"current_year":9102,"current_year_minus1":18037,"current_year_minus2":275561,"current_year_minus3":1646158,"current_year_minus4":467486,"total":2416344},"investment_income_and_ubti":{"current_year":9102,"current_year_minus1":18037,"current_year_minus2":275561,"current_year_minus3":1646158,"current_year_minus4":467486,"total":2416344},"total_509":{"current_year":23719436,"current_year_minus1":21899976,"current_year_minus2":32216651,"current_year_minus3":51099028,"current_year_minus4":4168749,"total":133103840},"total_support_total":{"current_year":23728538,"current_year_minus1":21918013,"current_year_minus2":32492212,"current_year_minus3":52745186,"current_year_minus4":4636235,"total":135520184},"support_from_dqps":{"current_year":0,"current_year_minus1":0,"current_year_minus2":0,"current_year_minus3":0,"current_year_minus4":0,"total":0}},"supplemental_information":{"general":{"explanation":"DUE TO A CHANGE IN YEAR-END, A SHORT PERIOD RETURN WAS FILED FOR THE TIME PERIOD JUNE 1, 2007 THROUGH JUNE 30, 2007. THEREFORE, THE YEARS LISTED ON SCHEDULE A, PART III CORRESPOND TO THE TIME FRAMES AS LISTED BELOW: 2010 = JULY 1, 2010 THROUGH JUNE 30, 2011 2009 = JULY 1, 2009 THROUGH JUNE 30, 2010 2008 = JULY 1, 2008 THROUGH JUNE 30, 2009 2007 = JULY 1, 2007 THROUGH JUNE 30, 2008 2006 = JUNE 1, 2007 THROUGH JUNE 30, 2007"}}},"ScheduleB":{"attached":false,"required":false},"ScheduleD":{"other_liabilities":{"federal_income_tax_liability":0,"total_liability":0},"net_assets_reconciliation":{"total_revenue":23728538,"total_expenses":16148201,"excess_or_deficit_for_year":7580337,"other_amount":-763385,"total_adjustments":-763385,"excess_or_deficit_per_financial_statements":6816952},"revenue_reconciliation":{"total_revenue_audited_financial_statements":19674487,"revenue_subtotal":19674487,"other_revenues_not_included":4054051,"revenue_not_reported_financial_statement":4054051,"total_revenue_per_990":23728538},"expense_reconciliation":{"total_expenses_audited_financial_statements":12284091,"other_expenses_included":189941,"expenses_not_reported":189941,"expenses_subtotal":12094150,"other_expenses_not_included":4054051,"expenses_not_reported_financial_statement":4054051,"total_expenses_per_990":16148201},"supplemental_information":[{"identifier":"RECONCILIATION OF CHANGE IN NET ASSETS","explanation":"Valuation Allowance on SLNR - ($189,941) Transfer to Affiliate - ($573,444) Total - ($763,385) RECONCILIATION OF Revenue PER AUDITED FINANCIAL STATEMENTS SCHEDULE D, PART XII, LINE 4b DEPT OF EDUCATION FEES - $2,146,949 AMORT OF LOAN PURCHASE FEES - $1,546,722 Recovery of Bad Debt - $360,380 Total - $4,054,051"},{"identifier":"RECONCILIATION OF EXPENSES PER AUDITED FINANCIAL STATEMENTS","explanation":"Valuation Allowance on SLNR - $189,941 SCHEDULE D, PART XIII, LINE 4b DEPT OF EDUCATION FEES - $2,146,949 AMORT OF LOAN PURCHASE FEES - $1,546,722 Recovery of Bad Debt - $360,380 Total - $4,054,051"},{"identifier":"FIN 48 (ASC 740) FOOTNOTE","explanation":"THE COMPANY FOLLOWS THE ACCOUNTING STANDARD RELATED TO THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN THE COMPANY'S FINANCIAL STATEMENTS. THE STANDARD PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE COMPANY CURRENTLY DOES NOT HAVE ANY POSITIONS RESERVED."}]},"ScheduleI":{"reported_domestic_org_grants":0,"reported_domestic_individual_grants":0,"total_domestic_grants":0},"ScheduleF":{"reported_foreign_grants":0},"ScheduleJ":{"compensation_arrangements":{"compensation_based_on_revenue_filing_org":false,"compensation_based_on_revenue_related_orgs":false,"compensation_based_on_net_earnings_filing_org":false,"compensation_based_on_net_earnings_related_orgs":false,"nonfixed_payments":false,"initial_contract_exception":false,"severance_payment":false,"supplemental_nonqualified_retirement_plan":false,"equity_based_compensation_arrangement":false},"compensation":[{"person_name":"Murray Watson","base_compensation_filing_org":0,"bonus_filing_org":0,"bonus_related_orgs":458231,"compensation_based_on_related_orgs":547485,"comp_report_prior_990_filing_org":0,"comp_report_prior_990_related_orgs":0,"deferred_compensation_filing_org":0,"deferred_compensation_related_orgs":24517,"nontaxable_benefits_filing_org":0,"nontaxable_benefits_related_orgs":28874,"other_compensation_filing_org":0,"other_compensation_related_orgs":58852,"total_compensation_filing_org":0,"total_compensation_related_orgs":1117959,"name":"Murray Watson"},{"person_name":"David Horner","base_compensation_filing_org":0,"bonus_filing_org":0,"bonus_related_orgs":146083,"compensation_based_on_related_orgs":227871,"comp_report_prior_990_filing_org":0,"comp_report_prior_990_related_orgs":0,"deferred_compensation_filing_org":0,"deferred_compensation_related_orgs":24500,"nontaxable_benefits_filing_org":0,"nontaxable_benefits_related_orgs":25226,"other_compensation_filing_org":0,"other_compensation_related_orgs":31885,"total_compensation_filing_org":0,"total_compensation_related_orgs":455565,"name":"David Horner"},{"person_name":"Ricky Turman","base_compensation_filing_org":0,"bonus_filing_org":0,"bonus_related_orgs":163950,"compensation_based_on_related_orgs":283124,"comp_report_prior_990_filing_org":0,"comp_report_prior_990_related_orgs":0,"deferred_compensation_filing_org":0,"deferred_compensation_related_orgs":24500,"nontaxable_benefits_filing_org":0,"nontaxable_benefits_related_orgs":12187,"other_compensation_filing_org":0,"other_compensation_related_orgs":20317,"total_compensation_filing_org":0,"total_compensation_related_orgs":504078,"name":"Ricky Turman"},{"person_name":"Tammy Harralson","base_compensation_filing_org":0,"bonus_filing_org":0,"bonus_related_orgs":51628,"compensation_based_on_related_orgs":114858,"comp_report_prior_990_filing_org":0,"comp_report_prior_990_related_orgs":0,"deferred_compensation_filing_org":0,"deferred_compensation_related_orgs":18600,"nontaxable_benefits_filing_org":0,"nontaxable_benefits_related_orgs":15759,"other_compensation_filing_org":0,"other_compensation_related_orgs":17625,"total_compensation_filing_org":0,"total_compensation_related_orgs":218470,"name":"Tammy Harralson"},{"person_name":"Daniel Reyna","base_compensation_filing_org":0,"bonus_filing_org":0,"bonus_related_orgs":36404,"compensation_based_on_related_orgs":85750,"comp_report_prior_990_filing_org":0,"comp_report_prior_990_related_orgs":0,"deferred_compensation_filing_org":0,"deferred_compensation_related_orgs":13141,"nontaxable_benefits_filing_org":0,"nontaxable_benefits_related_orgs":9502,"other_compensation_filing_org":0,"other_compensation_related_orgs":8605,"total_compensation_filing_org":0,"total_compensation_related_orgs":153402,"name":"Daniel Reyna"},{"person_name":"Kelli Villarrial","base_compensation_filing_org":0,"bonus_filing_org":0,"bonus_related_orgs":68245,"compensation_based_on_related_orgs":156488,"comp_report_prior_990_filing_org":0,"comp_report_prior_990_related_orgs":0,"deferred_compensation_filing_org":0,"deferred_compensation_related_orgs":24151,"nontaxable_benefits_filing_org":0,"nontaxable_benefits_related_orgs":10659,"other_compensation_filing_org":0,"other_compensation_related_orgs":14491,"total_compensation_filing_org":0,"total_compensation_related_orgs":274034,"name":"Kelli Villarrial"},{"person_name":"Ellis Tredway","base_compensation_filing_org":0,"bonus_filing_org":0,"bonus_related_orgs":109750,"compensation_based_on_related_orgs":170244,"comp_report_prior_990_filing_org":0,"comp_report_prior_990_related_orgs":0,"deferred_compensation_filing_org":0,"deferred_compensation_related_orgs":24500,"nontaxable_benefits_filing_org":0,"nontaxable_benefits_related_orgs":18421,"other_compensation_filing_org":0,"other_compensation_related_orgs":37576,"total_compensation_filing_org":0,"total_compensation_related_orgs":360491,"name":"Ellis Tredway"}]},"ScheduleN":{"successor_relationships":{"director_of_successor":true,"employee_of_successor":false,"owner_of_successor":false,"received_compensation":false},"dispositions":[{"person_name":"Brazos Higher Education Authority","ein":742099402,"irc_section":"501(c)(3)","distribution_date":"2011-06-21T00:00:00","description":"Student loans","fair_market_value":512227571,"method_of_fmv_determination":"sold at BOOK VALUE","address_line1":"2600 Washington AVenue","city":"WACO","state":"TX","zip":"76710","name":"Brazos Higher Education Authority","address":"2600 Washington AVenue, WACO, TX, 76710"}],"supplemental_information":[{"identifier":"SALE, EXCHANGE, DISPOSITION, OR OTHER TRANSFER","form_and_line_reference":"SCHEDULE N, PART II","explanation":"ALL OFFICERS AND DIRECTORS OF EDUCATIONAL FUNDING SERVICES, INC. Except Mr. Jones, Mr. Wayland, Mr. Smith and Ms. Allen ARE ALSO OFFICERS AND DIRECTORS OF BRAZOS HIGHER EDUCATION AUTHORITY. THESE COMPANIES ARE AFFILIATED ENTITIES. BOTH COMPANIES ARE 501(C)(3) TAX-EXEMPT ENTITIES."}]},"ScheduleR":{"tax_exempt_organizations":[{"ein":742542435,"business_name_line1":"Acapita Education Finance Corporation","primary_activities":"fund std lns","exempt_code_section":"501(c)(3)","public_charity_status":"9","legal_domicile_state":"TX","direct_controlling_business_name_line1":"NA","address_line1":"PO BOX 1308","city":"WACO","state":"TX","zip":"76703","name":"Acapita Education Finance Corporation","address":"PO BOX 1308, WACO, TX, 76703"},{"ein":205412189,"business_name_line1":"Atlantic Student Finance Corporation","primary_activities":"fund std lns","exempt_code_section":"501(c)(3)","public_charity_status":"7","legal_domicile_state":"FL","direct_controlling_business_name_line1":"NA","address_line1":"2600 WASHINGTON AVENUE","city":"WACO","state":"TX","zip":"76710","name":"Atlantic Student Finance Corporation","address":"2600 WASHINGTON AVENUE, WACO, TX, 76710"},{"ein":742534486,"business_name_line1":"Trinity Higher Education Authority Inc","primary_activities":"fund std lns","exempt_code_section":"501(c)(3)","public_charity_status":"9","legal_domicile_state":"TX","direct_controlling_business_name_line1":"NA","address_line1":"2600 WASHINGTON AVENUE","city":"WACO","state":"TX","zip":"76710","name":"Trinity Higher Education Authority Inc","address":"2600 WASHINGTON AVENUE, WACO, TX, 76710"},{"ein":200115078,"business_name_line1":"Angelina Higher Education Authority","primary_activities":"fund std lns","exempt_code_section":"501(c)(3)","public_charity_status":"9","legal_domicile_state":"TX","direct_controlling_business_name_line1":"NA","address_line1":"2600 WASHINGTON AVENUE","city":"WACO","state":"TX","zip":"76710","name":"Angelina Higher Education Authority","address":"2600 WASHINGTON AVENUE, WACO, TX, 76710"},{"ein":203870081,"business_name_line1":"Concho Higher Education Authority Inc","primary_activities":"fund std lns","exempt_code_section":"501(c)(3)","public_charity_status":"9","legal_domicile_state":"TX","direct_controlling_business_name_line1":"NA","address_line1":"2600 WASHINGTON AVENUE","city":"WACO","state":"TX","zip":"76710","name":"Concho Higher Education Authority Inc","address":"2600 WASHINGTON AVENUE, WACO, TX, 76710"},{"ein":203870120,"business_name_line1":"Frio Higher Education Authority Inc","primary_activities":"fund std lns","exempt_code_section":"501(c)(3)","public_charity_status":"9","legal_domicile_state":"TX","direct_controlling_business_name_line1":"NA","address_line1":"2600 WASHINGTON AVENUE","city":"WACO","state":"TX","zip":"76710","name":"Frio Higher Education Authority Inc","address":"2600 WASHINGTON AVENUE, WACO, TX, 76710"},{"ein":203870153,"business_name_line1":"Lavaca Higher Education Authority Inc","primary_activities":"fund std lns","exempt_code_section":"501(c)(3)","public_charity_status":"9","legal_domicile_state":"TX","direct_controlling_business_name_line1":"NA","address_line1":"2600 WASHINGTON AVENUE","city":"WACO","state":"TX","zip":"76710","name":"Lavaca Higher Education Authority Inc","address":"2600 WASHINGTON AVENUE, WACO, TX, 76710"},{"ein":203870176,"business_name_line1":"Leon Higher Education Authority Inc","primary_activities":"fund std lns","exempt_code_section":"501(c)(3)","public_charity_status":"9","legal_domicile_state":"TX","direct_controlling_business_name_line1":"NA","address_line1":"2600 WASHINGTON AVENUE","city":"WACO","state":"TX","zip":"76710","name":"Leon Higher Education Authority Inc","address":"2600 WASHINGTON AVENUE, WACO, TX, 76710"},{"ein":203870219,"business_name_line1":"Llano Higher Education Authority Inc","primary_activities":"fund std lns","exempt_code_section":"501(c)(3)","public_charity_status":"9","legal_domicile_state":"TX","direct_controlling_business_name_line1":"NA","address_line1":"2600 WASHINGTON AVENUE","city":"WACO","state":"TX","zip":"76710","name":"Llano Higher Education Authority Inc","address":"2600 WASHINGTON AVENUE, WACO, TX, 76710"},{"ein":203868073,"business_name_line1":"Neches Higher Education Authority Inc","primary_activities":"fund std lns","exempt_code_section":"501(c)(3)","public_charity_status":"9","legal_domicile_state":"TX","direct_controlling_business_name_line1":"NA","address_line1":"2600 WASHINGTON AVENUE","city":"WACO","state":"TX","zip":"76710","name":"Neches Higher Education Authority Inc","address":"2600 WASHINGTON AVENUE, WACO, TX, 76710"},{"ein":203868139,"business_name_line1":"Paluxy Higher Education Authority Inc","primary_activities":"fund std lns","exempt_code_section":"501(c)(3)","public_charity_status":"9","legal_domicile_state":"TX","direct_controlling_business_name_line1":"NA","address_line1":"2600 WASHINGTON AVENUE","city":"WACO","state":"TX","zip":"76710","name":"Paluxy Higher Education Authority Inc","address":"2600 WASHINGTON AVENUE, WACO, TX, 76710"},{"ein":203867891,"business_name_line1":"Rozell Higher Education Authority Inc","primary_activities":"fund std lns","exempt_code_section":"501(c)(3)","public_charity_status":"9","legal_domicile_state":"TX","direct_controlling_business_name_line1":"NA","address_line1":"2600 WASHINGTON AVENUE","city":"WACO","state":"TX","zip":"76710","name":"Rozell Higher Education Authority Inc","address":"2600 WASHINGTON AVENUE, WACO, TX, 76710"},{"ein":203868185,"business_name_line1":"Sabine Higher Education Authority Inc","primary_activities":"fund std lns","exempt_code_section":"501(c)(3)","public_charity_status":"9","legal_domicile_state":"TX","direct_controlling_business_name_line1":"NA","address_line1":"2600 WASHINGTON AVENUE","city":"WACO","state":"TX","zip":"76710","name":"Sabine Higher Education Authority Inc","address":"2600 WASHINGTON AVENUE, WACO, TX, 76710"},{"ein":203868230,"business_name_line1":"Texoma Higher Education Authority Inc","primary_activities":"fund std lns","exempt_code_section":"501(c)(3)","public_charity_status":"9","legal_domicile_state":"TX","direct_controlling_business_name_line1":"NA","address_line1":"2600 WASHINGTON AVENUE","city":"WACO","state":"TX","zip":"76710","name":"Texoma Higher Education Authority Inc","address":"2600 WASHINGTON AVENUE, WACO, TX, 76710"},{"ein":264562436,"business_name_line1":"Brazos Education Foundation Inc","primary_activities":"grant making","exempt_code_section":"501(c)(3)","public_charity_status":"7","legal_domicile_state":"TX","direct_controlling_business_name_line1":"NA","address_line1":"2612 WASHINGTON AVENUE","city":"WACO","state":"TX","zip":"76710","name":"Brazos Education Foundation Inc","address":"2612 WASHINGTON AVENUE, WACO, TX, 76710"},{"ein":742540458,"business_name_line1":"Academic Finance Corporation","primary_activities":"fund std lns","exempt_code_section":"501(c)(3)","public_charity_status":"9","legal_domicile_state":"TX","direct_controlling_business_name_line1":"NA","address_line1":"PO BOX 1308","city":"WACO","state":"TX","zip":"76703","name":"Academic Finance Corporation","address":"PO BOX 1308, WACO, TX, 76703"},{"ein":203870046,"business_name_line1":"Education Servicing Mgmt Corporation","primary_activities":"fund std lns","exempt_code_section":"501(c)(3)","public_charity_status":"9","legal_domicile_state":"TX","direct_controlling_business_name_line1":"NA","address_line1":"2600 WASHINGTON AVENUE","city":"WACO","state":"TX","zip":"76710","name":"Education Servicing Mgmt Corporation","address":"2600 WASHINGTON AVENUE, WACO, TX, 76710"},{"ein":742539632,"business_name_line1":"Brazos Education Finance Corporation In","primary_activities":"fund std lns","exempt_code_section":"501(c)(3)","public_charity_status":"11 type 1","legal_domicile_state":"TX","direct_controlling_business_name_line1":"NA","address_line1":"2600 WASHINGTON AVENUE","city":"WACO","state":"TX","zip":"76710","name":"Brazos Education Finance Corporation In","address":"2600 WASHINGTON AVENUE, WACO, TX, 76710"},{"ein":742099402,"business_name_line1":"Brazos Higher Education Authority Inc","primary_activities":"fund std lns","exempt_code_section":"501(c)(3)","public_charity_status":"11 type 1","legal_domicile_state":"TX","direct_controlling_business_name_line1":"NA","address_line1":"PO BOX 1308","city":"WACO","state":"TX","zip":"76703","name":"Brazos Higher Education Authority Inc","address":"PO BOX 1308, WACO, TX, 76703"},{"ein":742534099,"business_name_line1":"Bosque Higher Education Authority Inc","primary_activities":"fund std lns","exempt_code_section":"501(c)(3)","public_charity_status":"9","legal_domicile_state":"TX","direct_controlling_business_name_line1":"NA","address_line1":"PO BOX 1308","city":"WACO","state":"TX","zip":"76703","name":"Bosque Higher Education Authority Inc","address":"PO BOX 1308, WACO, TX, 76703"},{"ein":742356109,"business_name_line1":"Brazos Student Finance Corporation","primary_activities":"fund std lns","exempt_code_section":"501(c)(3)","public_charity_status":"9","legal_domicile_state":"TX","direct_controlling_business_name_line1":"NA","address_line1":"PO BOX 1308","city":"WACO","state":"TX","zip":"76703","name":"Brazos Student Finance Corporation","address":"PO BOX 1308, WACO, TX, 76703"},{"ein":742537669,"business_name_line1":"EdInvest Company","primary_activities":"fund std lns","exempt_code_section":"501(c)(3)","public_charity_status":"9","legal_domicile_state":"TX","direct_controlling_business_name_line1":"NA","address_line1":"2600 WASHINGTON AVENUE","city":"WACO","state":"TX","zip":"76710","name":"EdInvest Company","address":"2600 WASHINGTON AVENUE, WACO, TX, 76710"},{"ein":742536239,"business_name_line1":"Federated Student Finance Corporation","primary_activities":"fund std lns","exempt_code_section":"501(c)(3)","public_charity_status":"9","legal_domicile_state":"TX","direct_controlling_business_name_line1":"NA","address_line1":"2600 WASHINGTON AVENUE","city":"WACO","state":"TX","zip":"76710","name":"Federated Student Finance Corporation","address":"2600 WASHINGTON AVENUE, WACO, TX, 76710"},{"ein":742129255,"business_name_line1":"Brazos Higher Education Service Corp","primary_activities":"fund std lns","exempt_code_section":"501(C)(3)","public_charity_status":"9","legal_domicile_state":"TX","direct_controlling_business_name_line1":"na","address_line1":"PO BOX 1308","city":"WACO","state":"TX","zip":"76703","name":"Brazos Higher Education Service Corp","address":"PO BOX 1308, WACO, TX, 76703"}],"transaction_flags":{"gift_grant_or_capital_contribution_from_other_org":false,"gift_grant_or_capital_contribution_to_other_org":true,"loans_or_guarantees_from_other_org":false,"loans_or_guarantees_to_other_org":false,"performance_of_services_by_other_orgs":true,"performance_of_services_for_other_orgs":false,"sharing_of_facilities":false,"sharing_of_paid_employees":false,"reimbursement_paid_by_other_org":false,"reimbursement_paid_to_other_org":false,"rental_of_facilities_from_other_orgs":false,"rental_of_facilities_to_other_orgs":false,"purchase_of_assets_from_other_org":true,"sale_of_assets_to_other_org":true,"exchange_of_assets":false,"receipt_of_interest_annuities_rents_royalties":false,"other_transfer_from_other_org":false,"other_transfer_to_other_org":false},"transactions":[{"business_name_line1":"Brazos Higher Education Authority Inc","amount_involved":573444,"transaction_type":"b","name":"Brazos Higher Education Authority Inc"},{"business_name_line1":"Brazos Higher Education Authority Inc","amount_involved":512227571,"transaction_type":"f","name":"Brazos Higher Education Authority Inc"},{"business_name_line1":"Brazos Higher Education Authority Inc","amount_involved":105572,"transaction_type":"g","name":"Brazos Higher Education Authority Inc"},{"business_name_line1":"Brazos Higher Education Service Corporation","amount_involved":356285,"transaction_type":"l","name":"Brazos Higher Education Service Corporation"}]},"source_xml":"201221329349301317_public.xml"},{"Organization":{"Hours":[0],"Total Compensation":[0],"Direct compensation":[0],"Other compensation":[0]},"Basic":{"mission":"Educational funding services's mission is to make education a reality by supporting programs and initiatives to finance educational opportunities.","primary_activities":"Educational Funding Services Inc. does not currently hold any student loans. These loans were purchased in the prior year by a related entity.","year":2012,"name":"EDUCATIONAL FUNDING SERVICES INC","phone":"2547530915","website":"www.brazos.us.com","type":"990","principal_officer":"RICKY TURMAN","year_formation":2000,"state_legal_domicile":"TX","total_volunteers":0,"tax_period_begin":"2012-07-01T00:00:00","tax_period_end":"2013-06-30T00:00:00","address":"PO BOX 1308, WACO, TX, 76703, USA","city":"WACO","state":"TX","country":"USA","zip_code":"76703"},"Governance":{"501c3 determination":true,"Number of voting members":8,"Number of independent voting members":8,"Number of employees total":0,"Total Gross UBI":0,"Number of employees":0,"Prohibited tax shelter transactions":false,"Taxable party notification":false,"Funds to pay premiums":false,"Premiums Paid":false,"Family or business relationship":true,"Delegation of management duties":true,"Conflict of interest policy":true,"Whistle blower policy":true,"Compensation process for CEO":false,"Compensation process for other employees":false,"Changes to organizing documents":false,"Material diversion or misuse":false,"Members or stockholders":false,"Election of board members":false,"Decisions subject to approval":true,"Minutes of governing body":true,"Local chapters":false,"Form 990 provided to governing body":true,"Document retention policy":true,"Investment in joint venture":false,"Independent audit financial statements":false,"Consolidated audit financial statements":false,"Accountant compile or review":false,"Financial statements audited by independent accountant":false,"Federal grant audit required":false,"Political activities":false,"Donor advised funds":false,"Conservation easements":false,"Collections of art":false,"School":false,"Hospital":false,"Foreign activities":false,"Foreign office":false,"Gaming":false,"Fundraising activities":false,"Professional fundraising":false,"Loan to officer or DQP":false,"Grant to related person":false,"Business relationship through family member":false,"Business relationship with organization":false,"Transfers to exempt non-charitable organization":false},"Revenues":{"value":0,"Contributions":{"value":0},"Program revenue":{"value":0},"Investment income":{"value":0,"Investment income total":0,"Net investment gain":0,"Income from invest bond proceeds":0},"Other revenues":{"value":0,"Other total":0,"Royalties revenue":0,"Net rental income":0,"Net income from fundraising events":0,"Net income from gaming":0,"Net income":0}},"Expenses":{"value":36825,"Grant expense":{"value":0,"Grants to domestic orgs":0,"Grants to domestic individuals":0,"Foreign grants":0},"Total professional fundraising expense":{"value":0,"Fundraising professional":0},"Benefits paid to members":{"value":0,"Benefits paid to members Total":0},"Salaries":{"value":0,"Current officers":0,"Disqualified persons":0,"Other salaries and wages":0,"Pension plan contributions":0,"Other employee benefits":0,"Payroll taxes":0},"Other expenses":{"value":36825,"Management services":0,"Legal":0,"Accounting":0,"Lobbying services":0,"Investment management fees":0,"Other services":0,"Advertising":0,"Office expenses":0,"Information technology":0,"Royalties":0,"Occupancy":0,"Travel":0,"Conferences and meetings":0,"Interest":36825,"Payments to affiliates":0,"Depreciation and depletion":0,"Insurance":0,"Travel entertainment public officials":0}},"Assets":{"value":0,"Non-interest bearing cash":0,"Savings and temp cash investments":0,"Pledges and grants receivable":0,"Accounts receivable":0,"Receivables from officers":0,"Receivables from disqual persons":0,"Other net note and loans":0,"Inventories for sale or use":0,"Prepaid expenses deferred charges":0,"Investments publicly traded":0,"Investments other":0,"Investments program related":0,"Intangible assets":0,"Other assets":0},"Liabilities":{"value":0,"Accounts payable, accrued":0,"Grants payable":0,"Deferred, revenue":0,"Tax exempt bond liabilities":0,"Escrow account liability":0,"Loans from officers, directors":0,"Secured mortgages and notes payable":0,"Unsecured notes loans payable":0,"Other liabilities":0},"Fund balance":{"value":0},"Form990Details":{"program_service_accomplishments":[{"description":"Educational Funding Services Inc. does not currently hold any student loans. These loans were purchased in the prior year by a related entity.","expense":36825,"grants":0,"revenue":0}],"functional_expense_allocations":{"current_officers_directors":{"total":0},"disqualified_persons":{"total":0},"other_salaries_and_wages":{"total":0},"pension_plan_contributions":{"total":0},"other_employee_benefits":{"total":0},"payroll_taxes":{"total":0},"management_fees":{"total":0},"legal_fees":{"total":0},"accounting_fees":{"total":0},"lobbying_fees":{"total":0},"professional_fundraising_fees":{"total":0},"investment_management_fees":{"total":0},"other_service_fees":{"total":0},"advertising":{"total":0},"office_expenses":{"total":0},"information_technology":{"total":0},"royalties":{"total":0},"occupancy":{"total":0},"travel":{"total":0},"conferences_meetings":{"total":0},"interest":{"program_services":36825,"total":36825},"payments_to_affiliates":{"total":0},"depreciation_depletion":{"total":0},"insurance":{"total":0}},"tax_and_disclosure_flags":{"activities_conducted_through_partnership":false,"foreign_financial_account":false,"lobbying_activities":false,"deductible_non_cash_contributions":false,"deductible_contributions_of_art":false,"method_of_accounting_accrual":true,"schedule_o_part_iii":true,"schedule_o_part_vi":true,"schedule_o_part_xi":true},"principal_officer_detail":{"person_name":"RICKY TURMAN","address_line1":"2600 WASHINGTON AVENUE","city":"WACO","state":"TX","zip":"76710"},"audit_financial_statement_detail":{"accountant_compile_or_review":false,"federal_grant_audit_required":false},"related_party_due_diligence":{"officer_entity_with_business_relationship":false,"officer_mailing_address":false,"related_entity":true,"related_org_controlled_entity":true,"compensation_from_other_sources":false,"excess_benefit_transaction":false,"annual_disclosure_covered_persons":true},"grant_due_diligence":{"grants_to_organizations":false,"grants_to_individuals":false,"more_than_5000_to_organizations":false,"more_than_5000_to_individuals":false,"grants_payable_beginning_of_year":0,"grants_payable_end_of_year":0},"books_are_in_care_of":{"person_name":"RICKY TURMAN CFO EVP","phone":"2547530915","address_line1":"2600 Washington Avenue","city":"Waco","state":"TX","zip":"76710"},"officers_directors_key_employees":[{"title":"Director","average_hours_per_week":1.0,"average_hours_per_week_related_org":8.0,"reportable_comp_from_org":0,"reportable_comp_from_related_orgs":0,"individual_trustee_or_director":true},{"title":"Director","average_hours_per_week":1.0,"average_hours_per_week_related_org":1.0,"reportable_comp_from_org":0,"reportable_comp_from_related_orgs":0,"individual_trustee_or_director":true},{"title":"Director","average_hours_per_week":1.0,"average_hours_per_week_related_org":7.0,"reportable_comp_from_org":0,"reportable_comp_from_related_orgs":0,"individual_trustee_or_director":true},{"title":"Director","average_hours_per_week":1.0,"average_hours_per_week_related_org":8.0,"reportable_comp_from_org":0,"individual_trustee_or_director":true},{"title":"Vice Chairman","average_hours_per_week":1.0,"average_hours_per_week_related_org":10.0,"reportable_comp_from_org":0,"reportable_comp_from_related_orgs":0,"individual_trustee_or_director":true},{"title":"Director","average_hours_per_week":1.0,"average_hours_per_week_related_org":2.0,"reportable_comp_from_org":0,"reportable_comp_from_related_orgs":0,"individual_trustee_or_director":true},{"title":"Chairman","average_hours_per_week":1.0,"average_hours_per_week_related_org":7.0,"reportable_comp_from_org":0,"reportable_comp_from_related_orgs":0,"individual_trustee_or_director":true},{"title":"Director","average_hours_per_week":1.0,"average_hours_per_week_related_org":2.0,"reportable_comp_from_org":0,"reportable_comp_from_related_orgs":0,"individual_trustee_or_director":true},{"title":"Executive Vice President","average_hours_per_week":1.0,"average_hours_per_week_related_org":49.0,"reportable_comp_from_org":0,"reportable_comp_from_related_orgs":1099551,"other_compensation":33270,"officer":true},{"title":"EVP / CFO","average_hours_per_week":1.0,"average_hours_per_week_related_org":49.0,"reportable_comp_from_org":0,"reportable_comp_from_related_orgs":451302,"other_compensation":45418,"officer":true},{"title":"President","average_hours_per_week":1.0,"average_hours_per_week_related_org":49.0,"reportable_comp_from_org":0,"reportable_comp_from_related_orgs":309850,"other_compensation":38925,"officer":true},{"title":"Vice President, Legal Affairs","average_hours_per_week":1.0,"average_hours_per_week_related_org":47.0,"reportable_comp_from_org":0,"reportable_comp_from_related_orgs":278512,"other_compensation":30756,"officer":true},{"title":"Controller/VP","average_hours_per_week":1.0,"average_hours_per_week_related_org":49.0,"reportable_comp_from_org":0,"reportable_comp_from_related_orgs":191285,"other_compensation":28505,"officer":true},{"title":"Internal Audit Director","average_hours_per_week":1.0,"average_hours_per_week_related_org":47.0,"reportable_comp_from_org":0,"reportable_comp_from_related_orgs":135617,"other_compensation":20396,"officer":true},{"title":"Treasurer","average_hours_per_week":1.0,"average_hours_per_week_related_org":48.0,"reportable_comp_from_org":0,"reportable_comp_from_related_orgs":100445,"other_compensation":19370,"officer":true},{"title":"Assistant Secretary","average_hours_per_week":1.0,"average_hours_per_week_related_org":49.0,"reportable_comp_from_org":0,"reportable_comp_from_related_orgs":71168,"other_compensation":16233,"officer":true},{"title":"Secretary","average_hours_per_week":1.0,"average_hours_per_week_related_org":48.0,"reportable_comp_from_org":0,"reportable_comp_from_related_orgs":0,"other_compensation":0,"officer":true},{"title":"EVP","average_hours_per_week":1.0,"average_hours_per_week_related_org":47.0,"reportable_comp_from_org":0,"reportable_comp_from_related_orgs":506110,"other_compensation":41505,"officer":true},{"title":"VP, Associate General Counsel","average_hours_per_week":1.0,"average_hours_per_week_related_org":47.0,"reportable_comp_from_org":0,"reportable_comp_from_related_orgs":264781,"other_compensation":31265,"officer":true}]},"ScheduleA":{"public_charity_status":{"publicly_supported_org_509a2":true},"support_170":{"prior_year_support_percentage":0.9851},"support_509":{"thirty_three_percent_test_current_year":true,"public_support_total":77912432,"public_support_percentage":0.99613,"investment_income_percentage":0.00387,"prior_year_investment_income_percentage":0.0149},"support_509_prior_schema":{"gross_receipts_from_admissions":{"current_year":0,"current_year_minus1":76369,"current_year_minus2":23719436,"current_year_minus3":21899976,"current_year_minus4":32216651,"total":77912432},"gross_receipts_from_non_ubi":{"total":0},"post_1975_ubti":{"total":0},"net_income_from_other_ubi":{"total":0},"amounts_from_substantial_contributors":{"current_year":0,"current_year_minus1":0,"current_year_minus2":0,"current_year_minus3":0,"current_year_minus4":0,"total":0},"amounts_received_from_disqualified_persons":{"current_year":0,"current_year_minus1":0,"current_year_minus2":0,"current_year_minus3":0,"current_year_minus4":0,"total":0},"gifts_grants_contributions_509":{"current_year":0,"current_year_minus1":0,"current_year_minus2":0,"current_year_minus3":0,"current_year_minus4":0,"total":0},"tax_revenues_levied_for_org_benefit_509":{"total":0},"gross_investment_income_509":{"current_year":0,"current_year_minus1":10,"current_year_minus2":9102,"current_year_minus3":18037,"current_year_minus4":275561,"total":302710},"other_income_509":{"total":0},"investment_income_and_ubti":{"current_year":0,"current_year_minus1":10,"current_year_minus2":9102,"current_year_minus3":18037,"current_year_minus4":275561,"total":302710},"total_509":{"current_year":0,"current_year_minus1":76369,"current_year_minus2":23719436,"current_year_minus3":21899976,"current_year_minus4":32216651,"total":77912432},"total_support_total":{"current_year":0,"current_year_minus1":76379,"current_year_minus2":23728538,"current_year_minus3":21918013,"current_year_minus4":32492212,"total":78215142},"support_from_dqps":{"current_year":0,"current_year_minus1":0,"current_year_minus2":0,"current_year_minus3":0,"current_year_minus4":0,"total":0},"value_services_facilities_by_government":{"total":0}}},"ScheduleB":{"attached":false,"required":false},"ScheduleI":{"reported_domestic_org_grants":0,"reported_domestic_individual_grants":0,"total_domestic_grants":0},"ScheduleF":{"reported_foreign_grants":0},"ScheduleJ":{"compensation_arrangements":{"compensation_based_on_revenue_filing_org":false,"compensation_based_on_revenue_related_orgs":false,"compensation_based_on_net_earnings_filing_org":false,"compensation_based_on_net_earnings_related_orgs":false,"nonfixed_payments":false,"initial_contract_exception":false,"severance_payment":false,"supplemental_nonqualified_retirement_plan":false,"equity_based_compensation_arrangement":false},"compensation":[{"person_name":"Murray Watson","title":"Executive Vice President","base_compensation_filing_org":0,"bonus_filing_org":0,"bonus_related_orgs":420756,"compensation_based_on_related_orgs":603194,"comp_report_prior_990_filing_org":0,"comp_report_prior_990_related_orgs":0,"deferred_compensation_filing_org":0,"deferred_compensation_related_orgs":25000,"nontaxable_benefits_filing_org":0,"nontaxable_benefits_related_orgs":8270,"other_compensation_filing_org":0,"other_compensation_related_orgs":75601,"total_compensation_filing_org":0,"total_compensation_related_orgs":1132821,"name":"Murray Watson"},{"person_name":"Ricky Turman","title":"EVP / CFO","base_compensation_filing_org":0,"bonus_filing_org":0,"bonus_related_orgs":150684,"compensation_based_on_related_orgs":294207,"comp_report_prior_990_filing_org":0,"comp_report_prior_990_related_orgs":0,"deferred_compensation_filing_org":0,"deferred_compensation_related_orgs":25000,"nontaxable_benefits_filing_org":0,"nontaxable_benefits_related_orgs":20418,"other_compensation_filing_org":0,"other_compensation_related_orgs":6411,"total_compensation_filing_org":0,"total_compensation_related_orgs":496720,"name":"Ricky Turman"},{"person_name":"Ellis Tredway","title":"President","base_compensation_filing_org":0,"bonus_filing_org":0,"bonus_related_orgs":101266,"compensation_based_on_related_orgs":185324,"comp_report_prior_990_filing_org":0,"comp_report_prior_990_related_orgs":0,"deferred_compensation_filing_org":0,"deferred_compensation_related_orgs":25000,"nontaxable_benefits_filing_org":0,"nontaxable_benefits_related_orgs":13925,"other_compensation_filing_org":0,"other_compensation_related_orgs":23260,"total_compensation_filing_org":0,"total_compensation_related_orgs":348775,"name":"Ellis Tredway"},{"person_name":"Thomas Litle","title":"Vice President, Legal Affairs","base_compensation_filing_org":0,"bonus_filing_org":0,"bonus_related_orgs":67840,"compensation_based_on_related_orgs":185601,"comp_report_prior_990_filing_org":0,"comp_report_prior_990_related_orgs":0,"deferred_compensation_filing_org":0,"deferred_compensation_related_orgs":25000,"nontaxable_benefits_filing_org":0,"nontaxable_benefits_related_orgs":5756,"other_compensation_filing_org":0,"other_compensation_related_orgs":25071,"total_compensation_filing_org":0,"total_compensation_related_orgs":309268,"name":"Thomas Litle"},{"person_name":"Tammy Harralson","title":"Controller/VP","base_compensation_filing_org":0,"bonus_filing_org":0,"bonus_related_orgs":50267,"compensation_based_on_related_orgs":126382,"comp_report_prior_990_filing_org":0,"comp_report_prior_990_related_orgs":0,"deferred_compensation_filing_org":0,"deferred_compensation_related_orgs":19341,"nontaxable_benefits_filing_org":0,"nontaxable_benefits_related_orgs":9164,"other_compensation_filing_org":0,"other_compensation_related_orgs":14636,"total_compensation_filing_org":0,"total_compensation_related_orgs":219790,"name":"Tammy Harralson"},{"person_name":"Daniel Reyna","title":"Internal Audit Director","base_compensation_filing_org":0,"bonus_filing_org":0,"bonus_related_orgs":35082,"compensation_based_on_related_orgs":92427,"comp_report_prior_990_filing_org":0,"comp_report_prior_990_related_orgs":0,"deferred_compensation_filing_org":0,"deferred_compensation_related_orgs":13565,"nontaxable_benefits_filing_org":0,"nontaxable_benefits_related_orgs":6831,"other_compensation_filing_org":0,"other_compensation_related_orgs":8108,"total_compensation_filing_org":0,"total_compensation_related_orgs":156013,"name":"Daniel Reyna"},{"person_name":"David Horner","title":"EVP","base_compensation_filing_org":0,"bonus_filing_org":0,"bonus_related_orgs":205287,"compensation_based_on_related_orgs":256525,"comp_report_prior_990_filing_org":0,"comp_report_prior_990_related_orgs":0,"deferred_compensation_filing_org":0,"deferred_compensation_related_orgs":24606,"nontaxable_benefits_filing_org":0,"nontaxable_benefits_related_orgs":16899,"other_compensation_filing_org":0,"other_compensation_related_orgs":44298,"total_compensation_filing_org":0,"total_compensation_related_orgs":547615,"name":"David Horner"},{"person_name":"Kelli Villarrial","title":"VP, Associate General Counsel","base_compensation_filing_org":0,"bonus_filing_org":0,"bonus_related_orgs":65055,"compensation_based_on_related_orgs":173411,"comp_report_prior_990_filing_org":0,"comp_report_prior_990_related_orgs":0,"deferred_compensation_filing_org":0,"deferred_compensation_related_orgs":24547,"nontaxable_benefits_filing_org":0,"nontaxable_benefits_related_orgs":6718,"other_compensation_filing_org":0,"other_compensation_related_orgs":26315,"total_compensation_filing_org":0,"total_compensation_related_orgs":296046,"name":"Kelli Villarrial"}]},"ScheduleR":{"tax_exempt_organizations":[{"ein":742542435,"business_name_line1":"Acapita Education Finance Corporation","primary_activities":"fund std lns","exempt_code_section":"501(c)(3)","public_charity_status":"9","controlled_organization":true,"legal_domicile_state":"TX","direct_controlling_business_name_line1":"NA","address_line1":"PO BOX 1308","city":"WACO","state":"TX","zip":"76703","name":"Acapita Education Finance Corporation","address":"PO BOX 1308, WACO, TX, 76703"},{"ein":205412189,"business_name_line1":"Atlantic Student Finance Corporation","primary_activities":"fund std lns","exempt_code_section":"501(C)(3)","public_charity_status":"7","controlled_organization":true,"legal_domicile_state":"FL","direct_controlling_business_name_line1":"NA","address_line1":"2600 WASHINGTON AVENUE","city":"WACO","state":"TX","zip":"76710","name":"Atlantic Student Finance Corporation","address":"2600 WASHINGTON AVENUE, WACO, TX, 76710"},{"ein":742534486,"business_name_line1":"Trinity Higher Education Authority Inc","primary_activities":"fund std lns","exempt_code_section":"501(C)(3)","public_charity_status":"9","controlled_organization":true,"legal_domicile_state":"TX","direct_controlling_business_name_line1":"NA","address_line1":"2600 WASHINGTON AVENUE","city":"WACO","state":"TX","zip":"76710","name":"Trinity Higher Education Authority Inc","address":"2600 WASHINGTON AVENUE, WACO, TX, 76710"},{"ein":200115078,"business_name_line1":"Angelina Higher Education Authority","primary_activities":"fund std lns","exempt_code_section":"501(C)(3)","public_charity_status":"9","controlled_organization":true,"legal_domicile_state":"TX","direct_controlling_business_name_line1":"NA","address_line1":"2600 WASHINGTON AVENUE","city":"WACO","state":"TX","zip":"76710","name":"Angelina Higher Education Authority","address":"2600 WASHINGTON AVENUE, WACO, TX, 76710"},{"ein":203870081,"business_name_line1":"Concho Higher Education Authority Inc","primary_activities":"fund std lns","exempt_code_section":"501(C)(3)","public_charity_status":"9","controlled_organization":true,"legal_domicile_state":"TX","direct_controlling_business_name_line1":"NA","address_line1":"2600 WASHINGTON AVENUE","city":"WACO","state":"TX","zip":"76710","name":"Concho Higher Education Authority Inc","address":"2600 WASHINGTON AVENUE, WACO, TX, 76710"},{"ein":203870120,"business_name_line1":"Frio Higher Education Authority Inc","primary_activities":"fund std lns","exempt_code_section":"501(C)(3)","public_charity_status":"9","controlled_organization":true,"legal_domicile_state":"TX","direct_controlling_business_name_line1":"NA","address_line1":"2600 WASHINGTON AVENUE","city":"WACO","state":"TX","zip":"76710","name":"Frio Higher Education Authority Inc","address":"2600 WASHINGTON AVENUE, WACO, TX, 76710"},{"ein":203870153,"business_name_line1":"Lavaca Higher Education Authority Inc","primary_activities":"fund std lns","exempt_code_section":"501(C)(3)","public_charity_status":"9","controlled_organization":true,"legal_domicile_state":"TX","direct_controlling_business_name_line1":"NA","address_line1":"2600 WASHINGTON AVENUE","city":"WACO","state":"TX","zip":"76710","name":"Lavaca Higher Education Authority Inc","address":"2600 WASHINGTON AVENUE, WACO, TX, 76710"},{"ein":203870176,"business_name_line1":"Leon Higher Education Authority Inc","primary_activities":"fund std lns","exempt_code_section":"501(C)(3)","public_charity_status":"9","controlled_organization":true,"legal_domicile_state":"TX","direct_controlling_business_name_line1":"NA","address_line1":"2600 WASHINGTON AVENUE","city":"WACO","state":"TX","zip":"76710","name":"Leon Higher Education Authority Inc","address":"2600 WASHINGTON AVENUE, WACO, TX, 76710"},{"ein":203870219,"business_name_line1":"Llano Higher Education Authority Inc","primary_activities":"fund std lns","exempt_code_section":"501(C)(3)","public_charity_status":"9","controlled_organization":true,"legal_domicile_state":"TX","direct_controlling_business_name_line1":"NA","address_line1":"2600 WASHINGTON AVENUE","city":"WACO","state":"TX","zip":"76710","name":"Llano Higher Education Authority Inc","address":"2600 WASHINGTON AVENUE, WACO, TX, 76710"},{"ein":203868073,"business_name_line1":"Brazos Education Loan Authority Inc","primary_activities":"fund std lns","exempt_code_section":"501(C)(3)","public_charity_status":"9","controlled_organization":true,"legal_domicile_state":"TX","direct_controlling_business_name_line1":"NA","address_line1":"2600 WASHINGTON AVENUE","city":"WACO","state":"TX","zip":"76710","name":"Brazos Education Loan Authority Inc","address":"2600 WASHINGTON AVENUE, WACO, TX, 76710"},{"ein":203868139,"business_name_line1":"Paluxy Higher Education Authority Inc","primary_activities":"fund std lns","exempt_code_section":"501(C)(3)","public_charity_status":"9","controlled_organization":true,"legal_domicile_state":"TX","direct_controlling_business_name_line1":"NA","address_line1":"2600 WASHINGTON AVENUE","city":"WACO","state":"TX","zip":"76710","name":"Paluxy Higher Education Authority Inc","address":"2600 WASHINGTON AVENUE, WACO, TX, 76710"},{"ein":203867891,"business_name_line1":"Rozell Higher Education Authority Inc","primary_activities":"fund std lns","exempt_code_section":"501(C)(3)","public_charity_status":"9","controlled_organization":true,"legal_domicile_state":"TX","direct_controlling_business_name_line1":"NA","address_line1":"2600 WASHINGTON AVENUE","city":"WACO","state":"TX","zip":"76710","name":"Rozell Higher Education Authority Inc","address":"2600 WASHINGTON AVENUE, WACO, TX, 76710"},{"ein":203868185,"business_name_line1":"Sabine Higher Education Authority Inc","primary_activities":"fund std lns","exempt_code_section":"501(C)(3)","public_charity_status":"9","controlled_organization":true,"legal_domicile_state":"TX","direct_controlling_business_name_line1":"NA","address_line1":"2600 WASHINGTON AVENUE","city":"WACO","state":"TX","zip":"76710","name":"Sabine Higher Education Authority Inc","address":"2600 WASHINGTON AVENUE, WACO, TX, 76710"},{"ein":203868230,"business_name_line1":"Texoma Higher Education Authority Inc","primary_activities":"fund std lns","exempt_code_section":"501(C)(3)","public_charity_status":"9","controlled_organization":true,"legal_domicile_state":"TX","direct_controlling_business_name_line1":"NA","address_line1":"2600 WASHINGTON AVENUE","city":"WACO","state":"TX","zip":"76710","name":"Texoma Higher Education Authority Inc","address":"2600 WASHINGTON AVENUE, WACO, TX, 76710"},{"ein":264562436,"business_name_line1":"Brazos Education Foundation Inc","primary_activities":"grant making","exempt_code_section":"501(C)(3)","public_charity_status":"7","controlled_organization":true,"legal_domicile_state":"TX","direct_controlling_business_name_line1":"NA","address_line1":"2612 WASHINGTON AVENUE","city":"WACO","state":"TX","zip":"76710","name":"Brazos Education Foundation Inc","address":"2612 WASHINGTON AVENUE, WACO, TX, 76710"},{"ein":742540458,"business_name_line1":"Academic Finance Corporation","primary_activities":"fund std lns","exempt_code_section":"501(C)(3)","public_charity_status":"9","controlled_organization":true,"legal_domicile_state":"TX","direct_controlling_business_name_line1":"NA","address_line1":"PO BOX 1308","city":"WACO","state":"TX","zip":"76703","name":"Academic Finance Corporation","address":"PO BOX 1308, WACO, TX, 76703"},{"ein":203870046,"business_name_line1":"Education Servicing Mgmt Corporation","primary_activities":"fund std lns","exempt_code_section":"501(C)(3)","public_charity_status":"9","controlled_organization":true,"legal_domicile_state":"TX","direct_controlling_business_name_line1":"NA","address_line1":"2600 WASHINGTON AVENUE","city":"WACO","state":"TX","zip":"76710","name":"Education Servicing Mgmt Corporation","address":"2600 WASHINGTON AVENUE, WACO, TX, 76710"},{"ein":742539632,"business_name_line1":"Brazos Education Finance Corporation Inc","primary_activities":"fund std lns","exempt_code_section":"501(C)(3)","public_charity_status":"11 type 1","controlled_organization":true,"legal_domicile_state":"TX","direct_controlling_business_name_line1":"NA","address_line1":"2600 WASHINGTON AVENUE","city":"WACO","state":"TX","zip":"76710","name":"Brazos Education Finance Corporation Inc","address":"2600 WASHINGTON AVENUE, WACO, TX, 76710"},{"ein":742099402,"business_name_line1":"Brazos Higher Education Authority Inc","primary_activities":"fund std lns","exempt_code_section":"501(C)(3)","public_charity_status":"11 type 1","controlled_organization":true,"legal_domicile_state":"TX","direct_controlling_business_name_line1":"NA","address_line1":"PO BOX 1308","city":"WACO","state":"TX","zip":"76703","name":"Brazos Higher Education Authority Inc","address":"PO BOX 1308, WACO, TX, 76703"},{"ein":742534099,"business_name_line1":"Bosque Higher Education Authority Inc","primary_activities":"fund std lns","exempt_code_section":"501(C)(3)","public_charity_status":"9","controlled_organization":true,"legal_domicile_state":"TX","direct_controlling_business_name_line1":"NA","address_line1":"PO BOX 1308","city":"WACO","state":"TX","zip":"76703","name":"Bosque Higher Education Authority Inc","address":"PO BOX 1308, WACO, TX, 76703"},{"ein":742356109,"business_name_line1":"Brazos Student Finance Corporation","primary_activities":"fund std lns","exempt_code_section":"501(C)(3)","public_charity_status":"9","controlled_organization":true,"legal_domicile_state":"TX","direct_controlling_business_name_line1":"NA","address_line1":"PO BOX 1308","city":"WACO","state":"TX","zip":"76703","name":"Brazos Student Finance Corporation","address":"PO BOX 1308, WACO, TX, 76703"},{"ein":742537669,"business_name_line1":"EdInvest Company","primary_activities":"fund std lns","exempt_code_section":"501(C)(3)","public_charity_status":"9","controlled_organization":true,"legal_domicile_state":"TX","direct_controlling_business_name_line1":"NA","address_line1":"2600 WASHINGTON AVENUE","city":"WACO","state":"TX","zip":"76710","name":"EdInvest Company","address":"2600 WASHINGTON AVENUE, WACO, TX, 76710"},{"ein":742536239,"business_name_line1":"Federated Student Finance Corporation","primary_activities":"fund std lns","exempt_code_section":"501(C)(3)","public_charity_status":"9","controlled_organization":true,"legal_domicile_state":"TX","direct_controlling_business_name_line1":"NA","address_line1":"2600 WASHINGTON AVENUE","city":"WACO","state":"TX","zip":"76710","name":"Federated Student Finance Corporation","address":"2600 WASHINGTON AVENUE, WACO, TX, 76710"},{"ein":742129255,"business_name_line1":"Brazos Higher Education Service Corp","primary_activities":"fund std lns","exempt_code_section":"501(C)(3)","public_charity_status":"9","controlled_organization":true,"legal_domicile_state":"TX","direct_controlling_business_name_line1":"na","address_line1":"PO BOX 1308","city":"WACO","state":"TX","zip":"76703","name":"Brazos Higher Education Service Corp","address":"PO BOX 1308, WACO, TX, 76703"}],"taxable_corporations_and_trusts":[{"ein":461208841,"business_name_line1":"Interview Stream Inc","primary_activity":"job interview svc","legal_domicile_state":"TX","direct_controlling_business_name_line1":"BHESC","address_line1":"7901 Woodway Drive Suite 200","city":"Waco","state":"TX","zip":"767123898","type_of_entity":"c corp","controlled_organization":false,"name":"Interview Stream Inc","address":"7901 Woodway Drive Suite 200, Waco, TX, 767123898"}],"transaction_flags":{"dividends_from_related_organization":false,"gift_grant_or_capital_contribution_from_other_org":true,"gift_grant_or_capital_contribution_to_other_org":false,"loans_or_guarantees_from_other_org":false,"loans_or_guarantees_to_other_org":false,"performance_of_services_by_other_orgs":false,"performance_of_services_for_other_orgs":false,"sharing_of_facilities":false,"sharing_of_paid_employees":false,"reimbursement_paid_by_other_org":false,"reimbursement_paid_to_other_org":false,"rental_of_facilities_from_other_orgs":false,"rental_of_facilities_to_other_orgs":false,"purchase_of_assets_from_other_org":false,"sale_of_assets_to_other_org":false,"exchange_of_assets":false,"receipt_of_interest_annuities_rents_royalties":false,"other_transfer_from_other_org":false,"other_transfer_to_other_org":false},"transactions":[{"business_name_line1":"Brazos Higher Education Service Corporation","amount_involved":628800,"method_of_amount_determination":"fmv","transaction_type":"c","name":"Brazos Higher Education Service Corporation"}]},"source_xml":"201411259349302001_public.xml"}],"Latest":{"Organization":{"Hours":[0],"Total Compensation":[0],"Direct compensation":[0],"Other compensation":[0]},"Basic":{"mission":"Educational funding services's mission is to make education a reality by supporting programs and initiatives to finance educational opportunities.","primary_activities":"Educational Funding Services Inc. does not currently hold any student loans. These loans were purchased in the prior year by a related entity.","year":2012,"name":"EDUCATIONAL FUNDING SERVICES INC","phone":"2547530915","website":"www.brazos.us.com","type":"990","principal_officer":"RICKY TURMAN","year_formation":2000,"state_legal_domicile":"TX","total_volunteers":0,"tax_period_begin":"2012-07-01T00:00:00","tax_period_end":"2013-06-30T00:00:00","address":"PO BOX 1308, WACO, TX, 76703, USA","city":"WACO","state":"TX","country":"USA","zip_code":"76703"},"Governance":{"501c3 determination":true,"Number of voting members":8,"Number of independent voting members":8,"Number of employees total":0,"Total Gross UBI":0,"Number of employees":0,"Prohibited tax shelter transactions":false,"Taxable party notification":false,"Funds to pay premiums":false,"Premiums Paid":false,"Family or business relationship":true,"Delegation of management duties":true,"Conflict of interest policy":true,"Whistle blower policy":true,"Compensation process for CEO":false,"Compensation process for other employees":false,"Changes to organizing documents":false,"Material diversion or misuse":false,"Members or stockholders":false,"Election of board members":false,"Decisions subject to approval":true,"Minutes of governing body":true,"Local chapters":false,"Form 990 provided to governing body":true,"Document retention policy":true,"Investment in joint venture":false,"Independent audit financial statements":false,"Consolidated audit financial statements":false,"Accountant compile or review":false,"Financial statements audited by independent accountant":false,"Federal grant audit required":false,"Political activities":false,"Donor advised funds":false,"Conservation easements":false,"Collections of art":false,"School":false,"Hospital":false,"Foreign activities":false,"Foreign office":false,"Gaming":false,"Fundraising activities":false,"Professional fundraising":false,"Loan to officer or DQP":false,"Grant to related person":false,"Business relationship through family member":false,"Business relationship with organization":false,"Transfers to exempt non-charitable organization":false},"Revenues":{"value":0,"Contributions":{"value":0},"Program revenue":{"value":0},"Investment income":{"value":0,"Investment income total":0,"Net investment gain":0,"Income from invest bond proceeds":0},"Other revenues":{"value":0,"Other total":0,"Royalties revenue":0,"Net rental income":0,"Net income from fundraising events":0,"Net income from gaming":0,"Net income":0}},"Expenses":{"value":36825,"Grant expense":{"value":0,"Grants to domestic orgs":0,"Grants to domestic individuals":0,"Foreign grants":0},"Total professional fundraising expense":{"value":0,"Fundraising professional":0},"Benefits paid to members":{"value":0,"Benefits paid to members Total":0},"Salaries":{"value":0,"Current officers":0,"Disqualified persons":0,"Other salaries and wages":0,"Pension plan contributions":0,"Other employee benefits":0,"Payroll taxes":0},"Other expenses":{"value":36825,"Management services":0,"Legal":0,"Accounting":0,"Lobbying services":0,"Investment management fees":0,"Other services":0,"Advertising":0,"Office expenses":0,"Information technology":0,"Royalties":0,"Occupancy":0,"Travel":0,"Conferences and meetings":0,"Interest":36825,"Payments to affiliates":0,"Depreciation and depletion":0,"Insurance":0,"Travel entertainment public officials":0}},"Assets":{"value":0,"Non-interest bearing cash":0,"Savings and temp cash investments":0,"Pledges and grants receivable":0,"Accounts receivable":0,"Receivables from officers":0,"Receivables from disqual persons":0,"Other net note and loans":0,"Inventories for sale or use":0,"Prepaid expenses deferred charges":0,"Investments publicly traded":0,"Investments other":0,"Investments program related":0,"Intangible assets":0,"Other assets":0},"Liabilities":{"value":0,"Accounts payable, accrued":0,"Grants payable":0,"Deferred, revenue":0,"Tax exempt bond liabilities":0,"Escrow account liability":0,"Loans from officers, directors":0,"Secured mortgages and notes payable":0,"Unsecured notes loans payable":0,"Other liabilities":0},"Fund balance":{"value":0},"Form990Details":{"program_service_accomplishments":[{"description":"Educational Funding Services Inc. does not currently hold any student loans. These loans were purchased in the prior year by a related entity.","expense":36825,"grants":0,"revenue":0}],"functional_expense_allocations":{"current_officers_directors":{"total":0},"disqualified_persons":{"total":0},"other_salaries_and_wages":{"total":0},"pension_plan_contributions":{"total":0},"other_employee_benefits":{"total":0},"payroll_taxes":{"total":0},"management_fees":{"total":0},"legal_fees":{"total":0},"accounting_fees":{"total":0},"lobbying_fees":{"total":0},"professional_fundraising_fees":{"total":0},"investment_management_fees":{"total":0},"other_service_fees":{"total":0},"advertising":{"total":0},"office_expenses":{"total":0},"information_technology":{"total":0},"royalties":{"total":0},"occupancy":{"total":0},"travel":{"total":0},"conferences_meetings":{"total":0},"interest":{"program_services":36825,"total":36825},"payments_to_affiliates":{"total":0},"depreciation_depletion":{"total":0},"insurance":{"total":0}},"tax_and_disclosure_flags":{"activities_conducted_through_partnership":false,"foreign_financial_account":false,"lobbying_activities":false,"deductible_non_cash_contributions":false,"deductible_contributions_of_art":false,"method_of_accounting_accrual":true,"schedule_o_part_iii":true,"schedule_o_part_vi":true,"schedule_o_part_xi":true},"principal_officer_detail":{"person_name":"RICKY TURMAN","address_line1":"2600 WASHINGTON AVENUE","city":"WACO","state":"TX","zip":"76710"},"audit_financial_statement_detail":{"accountant_compile_or_review":false,"federal_grant_audit_required":false},"related_party_due_diligence":{"officer_entity_with_business_relationship":false,"officer_mailing_address":false,"related_entity":true,"related_org_controlled_entity":true,"compensation_from_other_sources":false,"excess_benefit_transaction":false,"annual_disclosure_covered_persons":true},"grant_due_diligence":{"grants_to_organizations":false,"grants_to_individuals":false,"more_than_5000_to_organizations":false,"more_than_5000_to_individuals":false,"grants_payable_beginning_of_year":0,"grants_payable_end_of_year":0},"books_are_in_care_of":{"person_name":"RICKY TURMAN CFO EVP","phone":"2547530915","address_line1":"2600 Washington Avenue","city":"Waco","state":"TX","zip":"76710"},"officers_directors_key_employees":[{"title":"Director","average_hours_per_week":1.0,"average_hours_per_week_related_org":8.0,"reportable_comp_from_org":0,"reportable_comp_from_related_orgs":0,"individual_trustee_or_director":true},{"title":"Director","average_hours_per_week":1.0,"average_hours_per_week_related_org":1.0,"reportable_comp_from_org":0,"reportable_comp_from_related_orgs":0,"individual_trustee_or_director":true},{"title":"Director","average_hours_per_week":1.0,"average_hours_per_week_related_org":7.0,"reportable_comp_from_org":0,"reportable_comp_from_related_orgs":0,"individual_trustee_or_director":true},{"title":"Director","average_hours_per_week":1.0,"average_hours_per_week_related_org":8.0,"reportable_comp_from_org":0,"individual_trustee_or_director":true},{"title":"Vice Chairman","average_hours_per_week":1.0,"average_hours_per_week_related_org":10.0,"reportable_comp_from_org":0,"reportable_comp_from_related_orgs":0,"individual_trustee_or_director":true},{"title":"Director","average_hours_per_week":1.0,"average_hours_per_week_related_org":2.0,"reportable_comp_from_org":0,"reportable_comp_from_related_orgs":0,"individual_trustee_or_director":true},{"title":"Chairman","average_hours_per_week":1.0,"average_hours_per_week_related_org":7.0,"reportable_comp_from_org":0,"reportable_comp_from_related_orgs":0,"individual_trustee_or_director":true},{"title":"Director","average_hours_per_week":1.0,"average_hours_per_week_related_org":2.0,"reportable_comp_from_org":0,"reportable_comp_from_related_orgs":0,"individual_trustee_or_director":true},{"title":"Executive Vice President","average_hours_per_week":1.0,"average_hours_per_week_related_org":49.0,"reportable_comp_from_org":0,"reportable_comp_from_related_orgs":1099551,"other_compensation":33270,"officer":true},{"title":"EVP / CFO","average_hours_per_week":1.0,"average_hours_per_week_related_org":49.0,"reportable_comp_from_org":0,"reportable_comp_from_related_orgs":451302,"other_compensation":45418,"officer":true},{"title":"President","average_hours_per_week":1.0,"average_hours_per_week_related_org":49.0,"reportable_comp_from_org":0,"reportable_comp_from_related_orgs":309850,"other_compensation":38925,"officer":true},{"title":"Vice President, Legal Affairs","average_hours_per_week":1.0,"average_hours_per_week_related_org":47.0,"reportable_comp_from_org":0,"reportable_comp_from_related_orgs":278512,"other_compensation":30756,"officer":true},{"title":"Controller/VP","average_hours_per_week":1.0,"average_hours_per_week_related_org":49.0,"reportable_comp_from_org":0,"reportable_comp_from_related_orgs":191285,"other_compensation":28505,"officer":true},{"title":"Internal Audit Director","average_hours_per_week":1.0,"average_hours_per_week_related_org":47.0,"reportable_comp_from_org":0,"reportable_comp_from_related_orgs":135617,"other_compensation":20396,"officer":true},{"title":"Treasurer","average_hours_per_week":1.0,"average_hours_per_week_related_org":48.0,"reportable_comp_from_org":0,"reportable_comp_from_related_orgs":100445,"other_compensation":19370,"officer":true},{"title":"Assistant Secretary","average_hours_per_week":1.0,"average_hours_per_week_related_org":49.0,"reportable_comp_from_org":0,"reportable_comp_from_related_orgs":71168,"other_compensation":16233,"officer":true},{"title":"Secretary","average_hours_per_week":1.0,"average_hours_per_week_related_org":48.0,"reportable_comp_from_org":0,"reportable_comp_from_related_orgs":0,"other_compensation":0,"officer":true},{"title":"EVP","average_hours_per_week":1.0,"average_hours_per_week_related_org":47.0,"reportable_comp_from_org":0,"reportable_comp_from_related_orgs":506110,"other_compensation":41505,"officer":true},{"title":"VP, Associate General Counsel","average_hours_per_week":1.0,"average_hours_per_week_related_org":47.0,"reportable_comp_from_org":0,"reportable_comp_from_related_orgs":264781,"other_compensation":31265,"officer":true}]},"ScheduleA":{"public_charity_status":{"publicly_supported_org_509a2":true},"support_170":{"prior_year_support_percentage":0.9851},"support_509":{"thirty_three_percent_test_current_year":true,"public_support_total":77912432,"public_support_percentage":0.99613,"investment_income_percentage":0.00387,"prior_year_investment_income_percentage":0.0149},"support_509_prior_schema":{"gross_receipts_from_admissions":{"current_year":0,"current_year_minus1":76369,"current_year_minus2":23719436,"current_year_minus3":21899976,"current_year_minus4":32216651,"total":77912432},"gross_receipts_from_non_ubi":{"total":0},"post_1975_ubti":{"total":0},"net_income_from_other_ubi":{"total":0},"amounts_from_substantial_contributors":{"current_year":0,"current_year_minus1":0,"current_year_minus2":0,"current_year_minus3":0,"current_year_minus4":0,"total":0},"amounts_received_from_disqualified_persons":{"current_year":0,"current_year_minus1":0,"current_year_minus2":0,"current_year_minus3":0,"current_year_minus4":0,"total":0},"gifts_grants_contributions_509":{"current_year":0,"current_year_minus1":0,"current_year_minus2":0,"current_year_minus3":0,"current_year_minus4":0,"total":0},"tax_revenues_levied_for_org_benefit_509":{"total":0},"gross_investment_income_509":{"current_year":0,"current_year_minus1":10,"current_year_minus2":9102,"current_year_minus3":18037,"current_year_minus4":275561,"total":302710},"other_income_509":{"total":0},"investment_income_and_ubti":{"current_year":0,"current_year_minus1":10,"current_year_minus2":9102,"current_year_minus3":18037,"current_year_minus4":275561,"total":302710},"total_509":{"current_year":0,"current_year_minus1":76369,"current_year_minus2":23719436,"current_year_minus3":21899976,"current_year_minus4":32216651,"total":77912432},"total_support_total":{"current_year":0,"current_year_minus1":76379,"current_year_minus2":23728538,"current_year_minus3":21918013,"current_year_minus4":32492212,"total":78215142},"support_from_dqps":{"current_year":0,"current_year_minus1":0,"current_year_minus2":0,"current_year_minus3":0,"current_year_minus4":0,"total":0},"value_services_facilities_by_government":{"total":0}}},"ScheduleB":{"attached":false,"required":false},"ScheduleI":{"reported_domestic_org_grants":0,"reported_domestic_individual_grants":0,"total_domestic_grants":0},"ScheduleF":{"reported_foreign_grants":0},"ScheduleJ":{"compensation_arrangements":{"compensation_based_on_revenue_filing_org":false,"compensation_based_on_revenue_related_orgs":false,"compensation_based_on_net_earnings_filing_org":false,"compensation_based_on_net_earnings_related_orgs":false,"nonfixed_payments":false,"initial_contract_exception":false,"severance_payment":false,"supplemental_nonqualified_retirement_plan":false,"equity_based_compensation_arrangement":false},"compensation":[{"person_name":"Murray Watson","title":"Executive Vice President","base_compensation_filing_org":0,"bonus_filing_org":0,"bonus_related_orgs":420756,"compensation_based_on_related_orgs":603194,"comp_report_prior_990_filing_org":0,"comp_report_prior_990_related_orgs":0,"deferred_compensation_filing_org":0,"deferred_compensation_related_orgs":25000,"nontaxable_benefits_filing_org":0,"nontaxable_benefits_related_orgs":8270,"other_compensation_filing_org":0,"other_compensation_related_orgs":75601,"total_compensation_filing_org":0,"total_compensation_related_orgs":1132821,"name":"Murray Watson"},{"person_name":"Ricky Turman","title":"EVP / CFO","base_compensation_filing_org":0,"bonus_filing_org":0,"bonus_related_orgs":150684,"compensation_based_on_related_orgs":294207,"comp_report_prior_990_filing_org":0,"comp_report_prior_990_related_orgs":0,"deferred_compensation_filing_org":0,"deferred_compensation_related_orgs":25000,"nontaxable_benefits_filing_org":0,"nontaxable_benefits_related_orgs":20418,"other_compensation_filing_org":0,"other_compensation_related_orgs":6411,"total_compensation_filing_org":0,"total_compensation_related_orgs":496720,"name":"Ricky Turman"},{"person_name":"Ellis Tredway","title":"President","base_compensation_filing_org":0,"bonus_filing_org":0,"bonus_related_orgs":101266,"compensation_based_on_related_orgs":185324,"comp_report_prior_990_filing_org":0,"comp_report_prior_990_related_orgs":0,"deferred_compensation_filing_org":0,"deferred_compensation_related_orgs":25000,"nontaxable_benefits_filing_org":0,"nontaxable_benefits_related_orgs":13925,"other_compensation_filing_org":0,"other_compensation_related_orgs":23260,"total_compensation_filing_org":0,"total_compensation_related_orgs":348775,"name":"Ellis Tredway"},{"person_name":"Thomas Litle","title":"Vice President, Legal Affairs","base_compensation_filing_org":0,"bonus_filing_org":0,"bonus_related_orgs":67840,"compensation_based_on_related_orgs":185601,"comp_report_prior_990_filing_org":0,"comp_report_prior_990_related_orgs":0,"deferred_compensation_filing_org":0,"deferred_compensation_related_orgs":25000,"nontaxable_benefits_filing_org":0,"nontaxable_benefits_related_orgs":5756,"other_compensation_filing_org":0,"other_compensation_related_orgs":25071,"total_compensation_filing_org":0,"total_compensation_related_orgs":309268,"name":"Thomas Litle"},{"person_name":"Tammy Harralson","title":"Controller/VP","base_compensation_filing_org":0,"bonus_filing_org":0,"bonus_related_orgs":50267,"compensation_based_on_related_orgs":126382,"comp_report_prior_990_filing_org":0,"comp_report_prior_990_related_orgs":0,"deferred_compensation_filing_org":0,"deferred_compensation_related_orgs":19341,"nontaxable_benefits_filing_org":0,"nontaxable_benefits_related_orgs":9164,"other_compensation_filing_org":0,"other_compensation_related_orgs":14636,"total_compensation_filing_org":0,"total_compensation_related_orgs":219790,"name":"Tammy Harralson"},{"person_name":"Daniel Reyna","title":"Internal Audit Director","base_compensation_filing_org":0,"bonus_filing_org":0,"bonus_related_orgs":35082,"compensation_based_on_related_orgs":92427,"comp_report_prior_990_filing_org":0,"comp_report_prior_990_related_orgs":0,"deferred_compensation_filing_org":0,"deferred_compensation_related_orgs":13565,"nontaxable_benefits_filing_org":0,"nontaxable_benefits_related_orgs":6831,"other_compensation_filing_org":0,"other_compensation_related_orgs":8108,"total_compensation_filing_org":0,"total_compensation_related_orgs":156013,"name":"Daniel Reyna"},{"person_name":"David Horner","title":"EVP","base_compensation_filing_org":0,"bonus_filing_org":0,"bonus_related_orgs":205287,"compensation_based_on_related_orgs":256525,"comp_report_prior_990_filing_org":0,"comp_report_prior_990_related_orgs":0,"deferred_compensation_filing_org":0,"deferred_compensation_related_orgs":24606,"nontaxable_benefits_filing_org":0,"nontaxable_benefits_related_orgs":16899,"other_compensation_filing_org":0,"other_compensation_related_orgs":44298,"total_compensation_filing_org":0,"total_compensation_related_orgs":547615,"name":"David Horner"},{"person_name":"Kelli Villarrial","title":"VP, Associate General Counsel","base_compensation_filing_org":0,"bonus_filing_org":0,"bonus_related_orgs":65055,"compensation_based_on_related_orgs":173411,"comp_report_prior_990_filing_org":0,"comp_report_prior_990_related_orgs":0,"deferred_compensation_filing_org":0,"deferred_compensation_related_orgs":24547,"nontaxable_benefits_filing_org":0,"nontaxable_benefits_related_orgs":6718,"other_compensation_filing_org":0,"other_compensation_related_orgs":26315,"total_compensation_filing_org":0,"total_compensation_related_orgs":296046,"name":"Kelli Villarrial"}]},"ScheduleR":{"tax_exempt_organizations":[{"ein":742542435,"business_name_line1":"Acapita Education Finance Corporation","primary_activities":"fund std lns","exempt_code_section":"501(c)(3)","public_charity_status":"9","controlled_organization":true,"legal_domicile_state":"TX","direct_controlling_business_name_line1":"NA","address_line1":"PO BOX 1308","city":"WACO","state":"TX","zip":"76703","name":"Acapita Education Finance Corporation","address":"PO BOX 1308, WACO, TX, 76703"},{"ein":205412189,"business_name_line1":"Atlantic Student Finance Corporation","primary_activities":"fund std lns","exempt_code_section":"501(C)(3)","public_charity_status":"7","controlled_organization":true,"legal_domicile_state":"FL","direct_controlling_business_name_line1":"NA","address_line1":"2600 WASHINGTON AVENUE","city":"WACO","state":"TX","zip":"76710","name":"Atlantic Student Finance Corporation","address":"2600 WASHINGTON AVENUE, WACO, TX, 76710"},{"ein":742534486,"business_name_line1":"Trinity Higher Education Authority Inc","primary_activities":"fund std lns","exempt_code_section":"501(C)(3)","public_charity_status":"9","controlled_organization":true,"legal_domicile_state":"TX","direct_controlling_business_name_line1":"NA","address_line1":"2600 WASHINGTON AVENUE","city":"WACO","state":"TX","zip":"76710","name":"Trinity Higher Education Authority Inc","address":"2600 WASHINGTON AVENUE, WACO, TX, 76710"},{"ein":200115078,"business_name_line1":"Angelina Higher Education Authority","primary_activities":"fund std lns","exempt_code_section":"501(C)(3)","public_charity_status":"9","controlled_organization":true,"legal_domicile_state":"TX","direct_controlling_business_name_line1":"NA","address_line1":"2600 WASHINGTON AVENUE","city":"WACO","state":"TX","zip":"76710","name":"Angelina Higher Education Authority","address":"2600 WASHINGTON AVENUE, WACO, TX, 76710"},{"ein":203870081,"business_name_line1":"Concho Higher Education Authority Inc","primary_activities":"fund std lns","exempt_code_section":"501(C)(3)","public_charity_status":"9","controlled_organization":true,"legal_domicile_state":"TX","direct_controlling_business_name_line1":"NA","address_line1":"2600 WASHINGTON AVENUE","city":"WACO","state":"TX","zip":"76710","name":"Concho Higher Education Authority Inc","address":"2600 WASHINGTON AVENUE, WACO, TX, 76710"},{"ein":203870120,"business_name_line1":"Frio Higher Education Authority Inc","primary_activities":"fund std lns","exempt_code_section":"501(C)(3)","public_charity_status":"9","controlled_organization":true,"legal_domicile_state":"TX","direct_controlling_business_name_line1":"NA","address_line1":"2600 WASHINGTON AVENUE","city":"WACO","state":"TX","zip":"76710","name":"Frio Higher Education Authority Inc","address":"2600 WASHINGTON AVENUE, WACO, TX, 76710"},{"ein":203870153,"business_name_line1":"Lavaca Higher Education Authority Inc","primary_activities":"fund std lns","exempt_code_section":"501(C)(3)","public_charity_status":"9","controlled_organization":true,"legal_domicile_state":"TX","direct_controlling_business_name_line1":"NA","address_line1":"2600 WASHINGTON AVENUE","city":"WACO","state":"TX","zip":"76710","name":"Lavaca Higher Education Authority Inc","address":"2600 WASHINGTON AVENUE, WACO, TX, 76710"},{"ein":203870176,"business_name_line1":"Leon Higher Education Authority Inc","primary_activities":"fund std lns","exempt_code_section":"501(C)(3)","public_charity_status":"9","controlled_organization":true,"legal_domicile_state":"TX","direct_controlling_business_name_line1":"NA","address_line1":"2600 WASHINGTON AVENUE","city":"WACO","state":"TX","zip":"76710","name":"Leon Higher Education Authority Inc","address":"2600 WASHINGTON AVENUE, WACO, TX, 76710"},{"ein":203870219,"business_name_line1":"Llano Higher Education Authority Inc","primary_activities":"fund std lns","exempt_code_section":"501(C)(3)","public_charity_status":"9","controlled_organization":true,"legal_domicile_state":"TX","direct_controlling_business_name_line1":"NA","address_line1":"2600 WASHINGTON AVENUE","city":"WACO","state":"TX","zip":"76710","name":"Llano Higher Education Authority Inc","address":"2600 WASHINGTON AVENUE, WACO, TX, 76710"},{"ein":203868073,"business_name_line1":"Brazos Education Loan Authority Inc","primary_activities":"fund std lns","exempt_code_section":"501(C)(3)","public_charity_status":"9","controlled_organization":true,"legal_domicile_state":"TX","direct_controlling_business_name_line1":"NA","address_line1":"2600 WASHINGTON AVENUE","city":"WACO","state":"TX","zip":"76710","name":"Brazos Education Loan Authority Inc","address":"2600 WASHINGTON AVENUE, WACO, TX, 76710"},{"ein":203868139,"business_name_line1":"Paluxy Higher Education Authority Inc","primary_activities":"fund std lns","exempt_code_section":"501(C)(3)","public_charity_status":"9","controlled_organization":true,"legal_domicile_state":"TX","direct_controlling_business_name_line1":"NA","address_line1":"2600 WASHINGTON AVENUE","city":"WACO","state":"TX","zip":"76710","name":"Paluxy Higher Education Authority Inc","address":"2600 WASHINGTON AVENUE, WACO, TX, 76710"},{"ein":203867891,"business_name_line1":"Rozell Higher Education Authority Inc","primary_activities":"fund std lns","exempt_code_section":"501(C)(3)","public_charity_status":"9","controlled_organization":true,"legal_domicile_state":"TX","direct_controlling_business_name_line1":"NA","address_line1":"2600 WASHINGTON AVENUE","city":"WACO","state":"TX","zip":"76710","name":"Rozell Higher Education Authority Inc","address":"2600 WASHINGTON AVENUE, WACO, TX, 76710"},{"ein":203868185,"business_name_line1":"Sabine Higher Education Authority Inc","primary_activities":"fund std lns","exempt_code_section":"501(C)(3)","public_charity_status":"9","controlled_organization":true,"legal_domicile_state":"TX","direct_controlling_business_name_line1":"NA","address_line1":"2600 WASHINGTON AVENUE","city":"WACO","state":"TX","zip":"76710","name":"Sabine Higher Education Authority Inc","address":"2600 WASHINGTON AVENUE, WACO, TX, 76710"},{"ein":203868230,"business_name_line1":"Texoma Higher Education Authority Inc","primary_activities":"fund std lns","exempt_code_section":"501(C)(3)","public_charity_status":"9","controlled_organization":true,"legal_domicile_state":"TX","direct_controlling_business_name_line1":"NA","address_line1":"2600 WASHINGTON AVENUE","city":"WACO","state":"TX","zip":"76710","name":"Texoma Higher Education Authority Inc","address":"2600 WASHINGTON AVENUE, WACO, TX, 76710"},{"ein":264562436,"business_name_line1":"Brazos Education Foundation Inc","primary_activities":"grant making","exempt_code_section":"501(C)(3)","public_charity_status":"7","controlled_organization":true,"legal_domicile_state":"TX","direct_controlling_business_name_line1":"NA","address_line1":"2612 WASHINGTON AVENUE","city":"WACO","state":"TX","zip":"76710","name":"Brazos Education Foundation Inc","address":"2612 WASHINGTON AVENUE, WACO, TX, 76710"},{"ein":742540458,"business_name_line1":"Academic Finance Corporation","primary_activities":"fund std lns","exempt_code_section":"501(C)(3)","public_charity_status":"9","controlled_organization":true,"legal_domicile_state":"TX","direct_controlling_business_name_line1":"NA","address_line1":"PO BOX 1308","city":"WACO","state":"TX","zip":"76703","name":"Academic Finance Corporation","address":"PO BOX 1308, WACO, TX, 76703"},{"ein":203870046,"business_name_line1":"Education Servicing Mgmt Corporation","primary_activities":"fund std lns","exempt_code_section":"501(C)(3)","public_charity_status":"9","controlled_organization":true,"legal_domicile_state":"TX","direct_controlling_business_name_line1":"NA","address_line1":"2600 WASHINGTON AVENUE","city":"WACO","state":"TX","zip":"76710","name":"Education Servicing Mgmt Corporation","address":"2600 WASHINGTON AVENUE, WACO, TX, 76710"},{"ein":742539632,"business_name_line1":"Brazos Education Finance Corporation Inc","primary_activities":"fund std lns","exempt_code_section":"501(C)(3)","public_charity_status":"11 type 1","controlled_organization":true,"legal_domicile_state":"TX","direct_controlling_business_name_line1":"NA","address_line1":"2600 WASHINGTON AVENUE","city":"WACO","state":"TX","zip":"76710","name":"Brazos Education Finance Corporation Inc","address":"2600 WASHINGTON AVENUE, WACO, TX, 76710"},{"ein":742099402,"business_name_line1":"Brazos Higher Education Authority Inc","primary_activities":"fund std lns","exempt_code_section":"501(C)(3)","public_charity_status":"11 type 1","controlled_organization":true,"legal_domicile_state":"TX","direct_controlling_business_name_line1":"NA","address_line1":"PO BOX 1308","city":"WACO","state":"TX","zip":"76703","name":"Brazos Higher Education Authority Inc","address":"PO BOX 1308, WACO, TX, 76703"},{"ein":742534099,"business_name_line1":"Bosque Higher Education Authority Inc","primary_activities":"fund std lns","exempt_code_section":"501(C)(3)","public_charity_status":"9","controlled_organization":true,"legal_domicile_state":"TX","direct_controlling_business_name_line1":"NA","address_line1":"PO BOX 1308","city":"WACO","state":"TX","zip":"76703","name":"Bosque Higher Education Authority Inc","address":"PO BOX 1308, WACO, TX, 76703"},{"ein":742356109,"business_name_line1":"Brazos Student Finance Corporation","primary_activities":"fund std lns","exempt_code_section":"501(C)(3)","public_charity_status":"9","controlled_organization":true,"legal_domicile_state":"TX","direct_controlling_business_name_line1":"NA","address_line1":"PO BOX 1308","city":"WACO","state":"TX","zip":"76703","name":"Brazos Student Finance Corporation","address":"PO BOX 1308, WACO, TX, 76703"},{"ein":742537669,"business_name_line1":"EdInvest Company","primary_activities":"fund std lns","exempt_code_section":"501(C)(3)","public_charity_status":"9","controlled_organization":true,"legal_domicile_state":"TX","direct_controlling_business_name_line1":"NA","address_line1":"2600 WASHINGTON AVENUE","city":"WACO","state":"TX","zip":"76710","name":"EdInvest Company","address":"2600 WASHINGTON AVENUE, WACO, TX, 76710"},{"ein":742536239,"business_name_line1":"Federated Student Finance Corporation","primary_activities":"fund std lns","exempt_code_section":"501(C)(3)","public_charity_status":"9","controlled_organization":true,"legal_domicile_state":"TX","direct_controlling_business_name_line1":"NA","address_line1":"2600 WASHINGTON AVENUE","city":"WACO","state":"TX","zip":"76710","name":"Federated Student Finance Corporation","address":"2600 WASHINGTON AVENUE, WACO, TX, 76710"},{"ein":742129255,"business_name_line1":"Brazos Higher Education Service Corp","primary_activities":"fund std lns","exempt_code_section":"501(C)(3)","public_charity_status":"9","controlled_organization":true,"legal_domicile_state":"TX","direct_controlling_business_name_line1":"na","address_line1":"PO BOX 1308","city":"WACO","state":"TX","zip":"76703","name":"Brazos Higher Education Service Corp","address":"PO BOX 1308, WACO, TX, 76703"}],"taxable_corporations_and_trusts":[{"ein":461208841,"business_name_line1":"Interview Stream Inc","primary_activity":"job interview svc","legal_domicile_state":"TX","direct_controlling_business_name_line1":"BHESC","address_line1":"7901 Woodway Drive Suite 200","city":"Waco","state":"TX","zip":"767123898","type_of_entity":"c corp","controlled_organization":false,"name":"Interview Stream Inc","address":"7901 Woodway Drive Suite 200, Waco, TX, 767123898"}],"transaction_flags":{"dividends_from_related_organization":false,"gift_grant_or_capital_contribution_from_other_org":true,"gift_grant_or_capital_contribution_to_other_org":false,"loans_or_guarantees_from_other_org":false,"loans_or_guarantees_to_other_org":false,"performance_of_services_by_other_orgs":false,"performance_of_services_for_other_orgs":false,"sharing_of_facilities":false,"sharing_of_paid_employees":false,"reimbursement_paid_by_other_org":false,"reimbursement_paid_to_other_org":false,"rental_of_facilities_from_other_orgs":false,"rental_of_facilities_to_other_orgs":false,"purchase_of_assets_from_other_org":false,"sale_of_assets_to_other_org":false,"exchange_of_assets":false,"receipt_of_interest_annuities_rents_royalties":false,"other_transfer_from_other_org":false,"other_transfer_to_other_org":false},"transactions":[{"business_name_line1":"Brazos Higher Education Service Corporation","amount_involved":628800,"method_of_amount_determination":"fmv","transaction_type":"c","name":"Brazos Higher Education Service Corporation"}]},"Ratings":{"Mission Deployment Rate":{"score":null},"Program Expense Ratio":{"score":null},"Fundraising Efficiency":{"score":null,"percentile":null},"Filing Consistency Score":{"score":1.0},"Grant Itemization Coverage":{"score":null},"Independent Voting Board Pct":{"score":1.0},"Operating Margin":{"score":null,"percentile":null},"Operating Reserve Ratio":{"score":0.0,"percentile":0.026800149493383534},"Liabilities to Assets Ratio":{"score":null,"percentile":null},"Officer Compensation Ratio":{"score":8.299877800407332,"percentile":0.00515838283766923},"Program Expense Growth":{"score":null,"percentile":null},"Revenue Growth":{"score":-0.7821563316261666,"percentile":0.01408326435276981},"Asset Growth":{"score":-1.192722514508479,"percentile":0.0020985497346434766},"Foreign Oversight Score":{"score":null},"Major-Donor Itemization":{"score":null},"Related-Party Transparency":{"score":null},"Pay-Setting Controls":{"score":0.0,"weight":5,"atoms":{"Compensation committee":{"value":false},"Independent compensation consultant":{"value":false},"Form 990 of other organizations reviewed":{"value":false},"Written employment contract":{"value":false},"Compensation survey or study":{"value":false},"Board or committee approval":{"value":false}}},"Governance Policy Score":{"score":0.5555555555555556,"weight":5,"atoms":{"Conflict of interest policy":{"value":true},"Whistle blower policy":{"value":true},"Document retention policy":{"value":true},"Compensation process for CEO":{"value":false},"Compensation process for other employees":{"value":false},"Form 990 provided to governing body":{"value":true},"Minutes of governing body":{"value":true},"Audit committee":{"value":false},"Independent audit financial statements":{"value":false}}},"Categories":{"Financial Efficiency":{"score":null,"weight":45},"Transparency & Controls":{"score":0.6428571428571429,"weight":20},"Accountability":{"score":0.8148148148148149,"weight":14},"Sustainability":{"score":0.020616787591750875,"weight":13},"Growth":{"score":0.010088359480061032,"weight":8}},"Overall Score":{"score":0.44751409780151846,"percentile":0.04885291138312039}},"source_xml":"201411259349302001_public.xml"},"sector":"Public, Societal Benefit","donation_categories":[],"zakat_policy":null},"error":null}