Brazos Education Loan Authority Inc

Address
2600 Washington Ave
Waco, TX 76710
Contact
Website: http://www.studentloans.com
Phone: +1 (254) 753-0915
Nonprofit
NTEE: B82 - Scholarships, Student Financial Aid Services, Awards
EIN: 20-3868073

Mission

BRAZOS EDUCATION LOAN AUTHORITY (BELA) IS A SECONDARY MARKET OF COLLEGE STUDENT LOANS UNDER THE FEDERAL FAMILY EDUCATION LOAN PROGRAM (FFELP). BELA'S MISSION IS TO MAKE EDUCATION A REALITY BY SUPPORTING PROGRAMS AND INITIATIVES TO FINANCE EDUCATIONAL OPPORTUNITIES.
 20172016201520142013
Basic features of the organization
Year of formation2005
Subsection code03
PF filing required0    
Metropolitan statistical area8800.0
Form of organization
CorporationTrue
Human resources, including compensation
Summary compensation info
Total compensation of current key personnel$0.00   $0.00
Sum of reportable (W2/1099) compensation$0.00$0.00$0.00$0.00$0.00
Number of employees00000
Number of people compensated >$100k00000
Number of volunteers80000
Number of highly compensated contractors0000 
Personnel
Brooks, Darrell
TitleASSISTANT TREASURERASST TREASURERASST TREASURER  
Name of key/compensated personDARRELL BROOKSDARRELL BROOKSDARRELL BROOKS  
Position of compensated person
Current officerTrueTrueTrue  
Average hours per week working for org1.01.001.00  
Reportable compensation from org$0.00$0.00$0.00  
Breakdown of reportable comp
Base reportable compensation from org$0.00$0.00$0.00  
Bonus and incentive reportable compensation$0.00$0.00$0.00  
Other reportable compensation from org$0.00$0.00$0.00  
Retirement and other deferred compensation$0.00$0.00$0.00  
Nontaxable benefits from org$0.00$0.00$0.00  
Compensation from org previously reported as deferred$0.00$0.00$0.00  
Other comp, non-reportable, from org and related orgs$44,561.00$33,849.00$36,119.00  
Sum of all compensation from org$0.00$0.00$0.00  
Corresponding comp from related orgs
Reportable compensation from related orgs $139,982.00$135,882.00$144,377.00  
Average hours per week working for related orgs39.048.0048.00  
Chambers, Bob
TitleDIRECTORDIRECTORDIRECTORDIRECTORDirector
Name of key/compensated personBOB CHAMBERsBOB CHAMBERSBOB CHAMBERSBOB CHAMBERSBob Chambers
Position of compensated person
Average hours per week working for org1.01.001.001.001.0
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Average hours per week working for related orgs8.08.008.008.008.0
Chase, Tom
TitleVICE CHAIRMANDIRECTORDIRECTORDIRECTORDirector
Name of key/compensated personTOM CHASETOM CHASETOM CHASETOM CHASETom Chase
Position of compensated person
Current officerTrue    
Average hours per week working for org1.01.001.001.001.0
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Average hours per week working for related orgs8.03.003.003.003.0
Davis, Susan
TitleSECRETARYSECRETARYSECRETARYSECRETARYSecretary
Name of key/compensated personSUSAN DAVISSUSAN DAVISSUSAN DAVISSUSAN DAVISSusan Davis
Position of compensated person
Current officerTrueTrueTrueTrueTrue
Average hours per week working for org1.01.001.001.001.0
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$27,756.00$19,832.00$20,813.00$21,930.00$16,233.00
Corresponding comp from related orgs
Reportable compensation from related orgs $85,612.00$89,959.00$93,565.00$103,935.00$71,168.00
Average hours per week working for related orgs39.049.0049.0049.0049.0
Ervin, Claude
TitleDIRECTORDIRECTORDIRECTORDIRECTORDirector
Name of key/compensated personCLAUDE ERVINCLAUDE ERVINCLAUDE ERVINCLAUDE ERVINClaude Ervin
Position of compensated person
Average hours per week working for org1.01.001.001.001.0
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Average hours per week working for related orgs8.03.003.003.003.0
Harralson, Tammy
TitleCONTROLLERCONTROLLERCONTROLLERCONTROLLERController
Name of key/compensated personTAMMY HARRALSONTAMMY HARRALSONTAMMY HARRALSONTAMMY HARRALSONTammy Harralson
Position of compensated person
Current officerTrueTrueTrueTrueTrue
Average hours per week working for org1.01.001.001.001.0
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Breakdown of reportable comp
Base reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Bonus and incentive reportable compensation$0.00$0.00$0.00$0.00$0.00
Other reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Retirement and other deferred compensation$0.00$0.00$0.00$0.00$0.00
Nontaxable benefits from org$0.00$0.00$0.00$0.00$0.00
Compensation from org previously reported as deferred$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$45,284.00$29,696.00$32,938.00$35,550.00$28,505.00
Sum of all compensation from org$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $192,387.00$183,130.00$190,153.00$219,448.00$191,285.00
Average hours per week working for related orgs39.049.0049.0049.0049.0
Kultgen, Peter
TitleDIRECTORVICE-CHAIRMANVICE-CHAIRMANVICE-CHAIRMANVice-Chairman
Name of key/compensated personPETER KULTGENPETER KULTGENPETER KULTGENPETER KULTGENPeter Kultgen
Position of compensated person
Average hours per week working for org1.01.001.001.001.0
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Average hours per week working for related orgs8.03.003.003.003.0
Lanning, Wilton
TitleDIRECTORDIRECTORDIRECTORDIRECTORDirector
Name of key/compensated personWILTON LANNINGWILTON LANNINGWILTON LANNINGWILTON LANNINGWilton Lanning
Position of compensated person
Average hours per week working for org1.01.001.001.001.0
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Average hours per week working for related orgs8.08.008.008.008.0
Litle, Thomas
TitleEVP/COOEVP/COO/BOND COUNSELEVP/COOBOND COUNSELBond Counsel
Name of key/compensated personTHOMAS BEN LITLETHOMAS BEN LITLETHOMAS BEN LITLETHOMAS LITLEThomas Litle
Position of compensated person
Current officerTrueTrueTrueTrueTrue
Average hours per week working for org1.01.001.001.001.0
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Breakdown of reportable comp
Base reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Bonus and incentive reportable compensation$0.00$0.00$0.00$0.00$0.00
Other reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Retirement and other deferred compensation$0.00$0.00$0.00$0.00$0.00
Nontaxable benefits from org$0.00$0.00$0.00$0.00$0.00
Compensation from org previously reported as deferred$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$72,118.00$53,062.00$47,232.00$45,836.00$30,756.00
Sum of all compensation from org$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $401,383.00$351,440.00$523,131.00$331,492.00$278,512.00
Average hours per week working for related orgs39.049.0049.0047.0047.0
Maness, Terry
TitleDIRECTORDIRECTORDIRECTORDIRECTORDirector
Name of key/compensated personDR TERRY MANESSDR TERRY MANESSDR TERRY MANESSDR TERRY MANESSTerry Maness
Position of compensated person
Average hours per week working for org1.01.001.001.001.0
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Average hours per week working for related orgs8.04.004.004.004.0
McInnis, James
Title FORMER ASST TREASURERASST TREASURERASST TREASURERAssistant Treasurer
Name of key/compensated person JAMES MCINNISJAMES MCINNISJAMES MCINNISJames McInnis
Position of compensated person
Current officer  TrueTrueTrue
Average hours per week working for org 1.001.001.001.0
Reportable compensation from org $0.00$0.00$0.00$0.00
Breakdown of reportable comp
Base reportable compensation from org $0.00   
Bonus and incentive reportable compensation $0.00   
Other reportable compensation from org $0.00   
Retirement and other deferred compensation $0.00   
Nontaxable benefits from org $0.00   
Compensation from org previously reported as deferred $0.00   
Other comp, non-reportable, from org and related orgs $17,795.00$22,256.00$23,321.00$19,370.00
Sum of all compensation from org $0.00   
Corresponding comp from related orgs
Reportable compensation from related orgs  $102,327.00$104,231.00$112,269.00$100,445.00
Average hours per week working for related orgs 48.0048.0048.0048.0
Michaelis, Dennis
Title   DIRECTORDirector
Name of key/compensated person   DENNIS MICHAELISDennis Michaelis
Position of compensated person
Average hours per week working for org   1.001.0
Reportable compensation from org   $0.00$0.00
Other comp, non-reportable, from org and related orgs   $0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs    $0.00$0.00
Average hours per week working for related orgs   5.005.0
Milam, Clement
TitleCHAIRMANDIRECTORDIRECTORDIRECTORDirector
Name of key/compensated personCLEMENT MILAMCLEMENT MILAMCLEMENT MILAMCLEMENT MILAMClement Milam
Position of compensated person
Current officerTrue    
Average hours per week working for org1.01.001.001.001.0
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Average hours per week working for related orgs8.02.002.002.002.0
Packard, Joyce
TitleDIRECTORCHAIRMANCHAIRMANCHAIRMANChairman
Name of key/compensated personMRS JOYCE PACKARDMRS JOYCE PACKARDMRS JOYCE PACKARDMRS JOYCE PACKARDMrs Joyce Packard
Position of compensated person
Average hours per week working for org1.01.001.001.001.0
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Average hours per week working for related orgs8.010.0010.0010.0010.0
Reyna, Daniel
Title FORMER INTERNAL AUDIT DIRECTORINTERNAL AUDIT DIRECTORINTERNAL AUDIT DIRECTORInternal Audit Director
Name of key/compensated person DANIEL REYNADANIEL REYNADANIEL REYNADaniel Reyna
Position of compensated person
Current officer  TrueTrueTrue
Average hours per week working for org 1.001.001.001.0
Reportable compensation from org $0.00$0.00$0.00$0.00
Breakdown of reportable comp
Base reportable compensation from org $0.00$0.00$0.00$0.00
Bonus and incentive reportable compensation $0.00$0.00$0.00$0.00
Other reportable compensation from org $0.00$0.00$0.00$0.00
Retirement and other deferred compensation $0.00$0.00$0.00$0.00
Nontaxable benefits from org $0.00$0.00$0.00$0.00
Compensation from org previously reported as deferred $0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs $23,642.00$23,940.00$26,630.00$20,396.00
Sum of all compensation from org $0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs  $153,218.00$132,199.00$153,601.00$135,617.00
Average hours per week working for related orgs 47.0047.0047.0047.0
Rushing, Ray
Title  ASST SECRETARYASST SECRETARYAssistant Secretary
Name of key/compensated person  RAY RUSHINGRAY RUSHINGRay Rushing
Position of compensated person
Current officer  TrueTrueTrue
Average hours per week working for org  1.001.001.0
Reportable compensation from org  $0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs  $0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs   $0.00$0.00$0.00
Average hours per week working for related orgs  48.0048.0048.0
Tredway, Ellis
Title FORMER EVP/COOEVP/COO EVP, Chief Operations Officer
Name of key/compensated person ELLIS TREDWAYELLIS TREDWAY Ellis Tredway
Position of compensated person
Current officer  True True
Average hours per week working for org 1.001.00 1.0
Reportable compensation from org $0.00$0.00 $0.00
Breakdown of reportable comp
Base reportable compensation from org $0.00$0.00 $0.00
Bonus and incentive reportable compensation $0.00$0.00 $0.00
Other reportable compensation from org $0.00$0.00 $0.00
Retirement and other deferred compensation $0.00$0.00 $0.00
Nontaxable benefits from org $0.00$0.00 $0.00
Compensation from org previously reported as deferred $0.00$0.00 $0.00
Other comp, non-reportable, from org and related orgs $33,131.00$48,483.00 $38,925.00
Sum of all compensation from org $0.00$0.00 $0.00
Corresponding comp from related orgs
Reportable compensation from related orgs  $488,506.00$468,566.00 $309,850.00
Average hours per week working for related orgs 49.0049.00 49.0
Tredwday, Ellis
Title   EVP/COO 
Name of key/compensated person   ELLIS TREDWDAY 
Position of compensated person
Current officer   True 
Average hours per week working for org   1.00 
Reportable compensation from org   $0.00 
Breakdown of reportable comp
Base reportable compensation from org   $0.00 
Bonus and incentive reportable compensation   $0.00 
Other reportable compensation from org   $0.00 
Retirement and other deferred compensation   $0.00 
Nontaxable benefits from org   $0.00 
Compensation from org previously reported as deferred   $0.00 
Other comp, non-reportable, from org and related orgs   $48,331.00 
Sum of all compensation from org   $0.00 
Corresponding comp from related orgs
Reportable compensation from related orgs    $572,862.00 
Average hours per week working for related orgs   49.00 
Turman, Ricky
TitleEVP/CFO/TREASUREREVP/CFO & TREASUREREVP/CFO & TREASUREREVP/CFO & TREASUREREVP / CFO & Treasurer
Name of key/compensated personRICKY TURMANRICKY TURMANRICKY TURMANRICKY TURMANRicky Turman
Position of compensated person
Current officerTrueTrueTrueTrueTrue
Average hours per week working for org1.01.001.001.001.0
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Breakdown of reportable comp
Base reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Bonus and incentive reportable compensation$0.00$0.00$0.00$0.00$0.00
Other reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Retirement and other deferred compensation$0.00$0.00$0.00$0.00$0.00
Nontaxable benefits from org$0.00$0.00$0.00$0.00$0.00
Compensation from org previously reported as deferred$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$76,111.00$56,482.00$55,565.00$55,391.00$45,418.00
Sum of all compensation from org$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $394,161.00$378,696.00$447,329.00$570,079.00$451,302.00
Average hours per week working for related orgs39.049.0049.0049.0049.0
Villarrial, Kelli
TitleVP, ASSOC. GEN. COUNSEL    
Name of key/compensated personKELLI VILLARRIAL    
Position of compensated person
Average hours per week working for org1.0    
Reportable compensation from org$0.00    
Breakdown of reportable comp
Base reportable compensation from org$0.00    
Bonus and incentive reportable compensation$0.00    
Other reportable compensation from org$0.00    
Retirement and other deferred compensation$0.00    
Nontaxable benefits from org$0.00    
Compensation from org previously reported as deferred$0.00    
Other comp, non-reportable, from org and related orgs$54,365.00    
Sum of all compensation from org$0.00    
Corresponding comp from related orgs
Reportable compensation from related orgs $261,592.00    
Average hours per week working for related orgs39.0    
Watson, Murray
TitlePRESIDENT   President
Name of key/compensated personMURRAY WATSON   Murray Watson
Position of compensated person
Current officerTrue   True
Average hours per week working for org1.0   1.0
Reportable compensation from org$0.00   $0.00
Breakdown of reportable comp
Base reportable compensation from org$0.00   $0.00
Bonus and incentive reportable compensation$0.00   $0.00
Other reportable compensation from org$0.00   $0.00
Retirement and other deferred compensation$0.00   $0.00
Nontaxable benefits from org$0.00   $0.00
Compensation from org previously reported as deferred$0.00   $0.00
Other comp, non-reportable, from org and related orgs$61,945.00   $33,270.00
Sum of all compensation from org$0.00   $0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $986,662.00   $1,099,551.00
Average hours per week working for related orgs39.0   49.0
Watson, Murry
Title PRESIDENT/GEN COUNSELPRESIDENT/GEN COUNSELPRESIDENT 
Name of key/compensated person MURRY WATSON JRMURRY WATSONMURRY WATSON 
Position of compensated person
Current officer TrueTrueTrue 
Average hours per week working for org 1.001.001.00 
Reportable compensation from org $0.00$0.00$0.00 
Breakdown of reportable comp
Base reportable compensation from org $0.00$0.00$0.00 
Bonus and incentive reportable compensation $0.00$0.00$0.00 
Other reportable compensation from org $0.00$0.00$0.00 
Retirement and other deferred compensation $0.00$0.00$0.00 
Nontaxable benefits from org $0.00$0.00$0.00 
Compensation from org previously reported as deferred $0.00$0.00$0.00 
Other comp, non-reportable, from org and related orgs $38,278.00$36,775.00$40,939.00 
Sum of all compensation from org $0.00$0.00$0.00 
Corresponding comp from related orgs
Reportable compensation from related orgs  $849,956.00$1,049,193.00$1,307,110.00 
Average hours per week working for related orgs 49.0049.0049.00 
Purpose: mission, activities, & accomplishments
Mission or significant activitiesBRAZOS EDUCATION LOAN AUTHORITY'S MISSION IS TO MAKE EDUCATION a reality by supporting programs and initiatives to finance educational opportunities.BRAZOS EDUCATION LOAN AUTHORITY'S MISSION IS TO MAKE EDUCATION A REALITY BY SUPPORTING PROGRAMS AND INITIATIVES TO FINANCE EDUCATIONAL OPPORTUNITIES.BRAZOS EDUCATION LOAN AUTHORITY'S MISSION IS TO MAKE EDUCATION A REALITY BY SUPPORTING PROGRAMS AND INITIATIVES TO FINANCE EDUCATIONAL OPPORTUNITIES.BRAZOS EDUCATION LOAN AUTHORITY'S MISSION IS TO MAKE EDUCATION A REALITY BY SUPPORTING PROGRAMS AND INITIATIVES TO FINANCE EDUCATIONAL OPPORTUNITIES.Brazos Education Loan Authority's mission is to make education a reality by supporting programs and initiatives to finance educational opportunities.
Program service expenses, total$71,635,834.00$68,058,143.00$30,337,368.00$2,805,698.00$2,383,400.00
Programs, including revenue & expenses
BRAZOS EDUCATION LOAN AUTHORITY SERVICED OVER 167,000 LOANS TOTALINg OVER $2.3 BILLION UNDER THE TITLE IV FEDERAL FAMILY EDUCATION LOAN PROGRAM (FFELP). THESE LOANS WERE FUNDED THROUGH PERMANENT FINANCINg.
Program expenses$71,635,834.00$68,058,143.00$30,337,368.00$2,805,698.00$2,383,400.00
Grants and allocations made    $0.00
Program revenue$82,743,029.00$87,410,636.00$40,948,408.00$4,386,093.00$3,664,814.00
Program descriptionBRAZOS EDUCATION LOAN AUTHORITY SERVICED OVER 167,000 LOANS TOTALINg OVER $2.3 BILLION UNDER THE TITLE IV FEDERAL FAMILY EDUCATION LOAN PROGRAM (FFELP). THESE LOANS WERE FUNDED THROUGH PERMANENT FINANCINg.BRAZOS EDUCATION LOAN AUTHORITY SERVICED OVER 199,000 LOANS TOTALING OVER $2.6 BILLION UNDER THE TITLE IV FEDERAL FAMILY EDUCATION LOAN PROGRAM (FFELP). THESE LOANS WERE FUNDED THROUGH PERMANENT FINANCINGS.BRAZOS EDUCATION LOAN AUTHORITY SERVICED OVER 199,500 LOANS TOTALING OVER $2.9 BILLION UNDER THE TITLE IV FEDERAL FAMILY EDUCATION LOAN PROGRAM (FFELP). THESE LOANS WERE FUNDED THROUGH PERMANENT FINANCINGS.BRAZOS EDUCATION LOAN AUTHORITY SERVICED OVER 8,750 LOANS TOTALING OVER $91 MILLION UNDER THE TITLE IV FEDERAL FAMILY EDUCATION LOAN PROGRAM (FFELP). THESE LOANS WERE FUNDED THROUGH PERMANENT FINANCINGS.Brazos Education Loan Authority serviced over 11,000 loans totaling over $102 million under the Title IV Federal Family Education Loan Program (FFELP). These loans were funded through permanent financings.
Financial data
Revenue
Total revenue$83,129,641.00$87,465,746.00$40,950,985.00$4,386,211.00$3,665,116.00
Revenue from contributions (total)$0.00 $0.00$0.00$0.00
Investment income, current yr$386,612.00$55,110.00$2,577.00$118.00$302.00
Total revenue from grants, etc., current yr$0.00$0.00$0.00$0.00$0.00
Total unrelated business revenue$0.00$0.00$0.00$0.00$0.00
Other revenue, current yr$0.00$124,483.00$72,623.00$0.00$0.00
Net unrelated business taxable revenue $0.00$0.00$0.00$0.00
Program service revenue (total)$82,743,029.00$87,286,153.00$40,875,785.00$4,386,093.00$3,664,814.00
Gross receipts$83,129,641.00$87,465,746.00$40,950,985.00$4,386,211.00$3,665,116.00
Other types of revenue
Royalties (total)$0.00   $0.00
Miscellaneous revenue (total)$0.00$124,483.00$72,623.00 $0.00
Net revenue from gaming (total)$0.00   $0.00
Income from dividends, interest, and similar investments$386,612.00$55,110.00$2,577.00$118.00$302.00
Net rental income$0.00 $0.00$0.00$0.00
Net income from fundraising events$0.00   $0.00
Net inventory sales (total)$0.00   $0.00
Expense categories (totals)
Total functional expenses: sum of all$71,635,834.00$68,058,143.00$30,337,368.00$2,805,698.00$2,383,400.00
Total functional expenses: program service $71,635,834.00$68,058,143.00$30,337,368.00$2,805,698.00$2,383,400.00
Total functional expenses: management and general$0.00$0.00$0.00$0.00$0.00
Total functional expenses: fundraising$0.00$0.00$0.00$0.00$0.00
Fees for services
Lobbying fees (total)$0.00   $0.00
Legal fees (total)$0.00   $0.00
Fundraising service fees (total)$0.00$0.00$0.00$0.00$0.00
General management fees (total)$2,645,745.00   $0.00
Investment management fees (total)$0.00   $0.00
Assets and liabilities
Total assets$2,482,136,677.00$2,770,528,521.00$3,086,968,371.00$87,230,417.00$97,593,110.00
Total assets, beginning of year$2,770,528,521.00$3,086,968,371.00$87,230,417.00$97,593,110.00$0.00
Total liabilities$2,198,044,015.00$2,497,929,666.00$2,833,777,120.00$87,413,759.00$99,356,965.00
Total liabilities, beginning of year$2,497,929,666.00$2,833,777,120.00$87,413,759.00$99,356,965.00$0.00
Pledges & accounts receivable, net$0.00   $0.00
Loans & receivables from key persons$0.00   $0.00
Net assets$284,092,662.00$272,598,855.00$253,191,251.00-$183,342.00-$1,763,855.00
Net assets, beginning of year$272,598,855.00$253,191,251.00-$183,342.00-$1,763,855.00$0.00
Other liabilities$0.00   $0.00
Bond liabilities$0.00   $0.00
Intangible assets$4,403,222.00$5,182,465.00$6,061,574.00$907,983.00$0.00
Other assets$33,406,803.00$32,542,459.00$35,396,759.00$817,390.00$1,921,850.00
Investments: other securities$0.00   $0.00
Investments: publicly traded securities$0.00   $0.00
Cash: non-interest bearing$0.00   $0.00
Cash: non-interest bearing, beginning of year$0.00   $0.00
Investments -- program-related$0.00   $0.00
Escrow or custodial account liability$0.00   $0.00
Loans and other payables to key persons$0.00   $0.00
Grants payable$0.00   $0.00
Inventories for sale or use$0.00   $0.00
Other financial variables
Revenue less expenses$11,493,807.00$19,407,603.00$10,613,617.00$1,580,513.00$1,281,716.00
Advertising (total)$0.00   $0.00
Savings & temp cash investment$42,024,097.00$43,970,777.00$53,005,451.00$926,796.00$1,076,959.00
Accounts receivable, net$0.00   $0.00
Prepaid expenses & deferred charges$0.00   $0.00
Accounts payable & accrued expenses$3,292,115.00$3,285,747.00$3,605,462.00$103,261.00$114,892.00
Deferred revenue$0.00   $0.00
Unsecured notes & loans to unrelated parties$0.00   $0.00
Secured mortgages and notes payable$2,194,751,900.00$2,494,643,919.00$2,830,171,658.00$87,310,498.00$99,242,073.00
Total net assets or fund balances$284,092,662.00$272,598,855.00$253,191,251.00-$183,342.00-$1,763,855.00
Depreciation, depletion, amortization$779,243.00$879,108.00$734,344.00$128,497.00$0.00
Payment to affiliates$0.00   $0.00
Governance and accountability
Number of voting members88889
Number of independent voting members88889
Financial sheets auditedTrueTrueTrue True
Relationships among key personnel  TrueTrueTrue
Accrual accountingTrueTrueTrueTrueTrue
Tax year start date2016-07-012015-07-012014-07-012013-07-012012-07-01
Tax year end date2017-06-012016-06-012015-06-012014-06-012013-06-01
Indicators for schedules (selected)
Org has controlled entityTrue   True
Org transacted with controlled entity    True
Metadata about the filing
E-return type: 990, 990EZ, or 990PF990990990990990
Reason for form submission
Address change  True  
Date e-filing submitted2018-03-152017-07-192016-07-222015-03-192014-06-06
IRS schema version2016v3.12015v3.02014v6.02013v4.02012v2.3
Filing identifier201830409349300328201730409349300538201610789349300901201500699349300445201421259349301642
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