Brazos Student Finance Corporation
Brazos Student Finance Corporation
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About this organization
Mission
Brazos Student Finance Corporation's mission is to make education a reality by supporting programs and initiatives to finance educational opportunities.
About
Brazos Student Finance Corporation serviced over 47,000 loans totaling over $176 million under the Title IV Federal Family Education Loan Program (FFELP), HEAL, TERI and other alternative student loan programs. This included over $120 million under the FFELP program. These loans were funded through permanent financings.
Interesting data from their 2020 990 filing
The filing outlines the non-profit's goal as “Brazos student finance corporation is a secondary market of college student loans under the federal family education loan program (ffelp). brazos student finance corporation's mission is to make education a reality by supporting programs and initiatives to finance educational opportunities.”.
When explaining its purpose, the activities were outlined as: “Brazos student finance corporation's mission is to make education a reality by supporting programs and initiatives to finance educational opportunities.”.
- As per legal reporting requirements, the state of operation for the non-profit is TX.
- The non-profit's address for 2020 is listed as 2600 WASHINGTON AVE, WACO, TX, 76710 in the filing.
- As per the non-profit's form, they have 0 employees as of 2020.
- Does not operate a hospital.
- Does not operate a school.
- Does not collect art.
- Does not provide credit counseling.
- Does not have foreign activities.
- Is not a donor-advised fund.
- Is not a private foundation.
- Expenses are greater than $1,000,000.
- Revenue is greater than $1,000,000.
- Revenue less expenses is -$3,081,675.
- The CEO's compensation policy within the organization is not established through a review and approval from a neutral party.
- The organization has a written policy that delegates the management duties.
- The organization has a written policy that describes how long it will retain documents.
- The organization has 9 independent voting members.
- The organization was formed in 1985.
- The organization has a written policy that addresses conflicts of interest.
- The organization is required to file Schedule J.
- The organization is required to file Schedule O.
- The organization pays $0 in salary, compensation, and benefits to its employees.
- The organization pays $0 in fundraising expenses.
- The organization provides Form 990 to its governing body.
- The organization has minutes of its meetings.
- The organization has a written whistleblower policy.
- The organization's financial statements were reviewed by an accountant.