PANHANDLE-PLAINS HIGHER EDUCATION AUTHORITY INC

Address
1303 23RD STREET
CANYON, TX 79015
Contact
Website: http://www.pphea.org
Phone: +1 (806) 324-4100
Nonprofit
NTEE: B94 - Parent/Teacher Group
EIN: 23-7025386

Mission

PROVIDING FUNDS FOR THE PURCHASE OF STUDENT LOANS AT THE POST-SECONDARY LEVEL, AND TO PROVIDE PROCEDURES FOR THE SERVICING OF SUCH LOANS AS REQUIRED FOR CONTINUED PARTICIPATION IN THE FEDERAL FAMILY EDUCATION LOAN PROGRAM UNDER THE HIGHER EDUCATION ACT OF 1965.
 20172016201520142013
Basic features of the organization
Year of formation1979
Subsection code03
PF filing required0    
Metropolitan statistical area0320
Form of organization
CorporationTrue
Human resources, including compensation
Summary compensation info
Number of employees00000
Number of highly compensated contractors2531 
Personnel
Barnes, Ronny
TitleDIRECTORDIRECTORDIRECTORDIRECTOR 
Name of key/compensated personDR RONNY BARNESRONNY BARNESRONNY BARNESRONNY BARNES 
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrue 
Average hours per week working for org2.002.002.002.00 
Reportable compensation from org$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 
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00 
Bell, Zach
TitleCFOCFOCFOCFOCFO
Name of key/compensated personZACH BELLZACH BELLZACH BELLZACH BELLZACH BELL
Position of compensated person
Average hours per week working for org20.0020.0020.0020.0020.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$31,953.00$29,326.00$25,682.00$23,726.00$14,758.00
Corresponding comp from related orgs
Reportable compensation from related orgs $117,151.00$114,030.00$104,308.00$101,572.00$111,133.00
Brown, Jeff
Title    DIRECTOR
Name of key/compensated person    JEFF BROWN
Position of compensated person
Current individual trustee or director    True
Average hours per week working for org    2.00
Reportable compensation from org    $0.00
Other comp, non-reportable, from org and related orgs    $0.00
Corresponding comp from related orgs
Reportable compensation from related orgs     $0.00
Craddock, Rita
TitleDIRECTORPRESIDENTPRESIDENTPRESIDENTDIRECTOR
Name of key/compensated personRITA CRADDOCKRITA CRADDOCKRITA CRADDOCKRITA CRADDOCKRITA CRADDOCK
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Average hours per week working for org2.002.002.002.002.00
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
Drake, Jon
Title    DIRECTOR
Name of key/compensated person    JON D DRAKE
Position of compensated person
Current individual trustee or director    True
Average hours per week working for org    2.00
Reportable compensation from org    $0.00
Other comp, non-reportable, from org and related orgs    $0.00
Corresponding comp from related orgs
Reportable compensation from related orgs     $0.00
Gilliland, Woody
TitleDIRECTORDIRECTORDIRECTORDIRECTORDIRECTOR
Name of key/compensated personWOODY GILLILANDWOODY GILLILANDWOODY GILLILANDWOODY GILLILANDWOODY GILLILAND
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Average hours per week working for org2.002.002.002.002.00
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
Hiner, Ron
TitleDIRECTORDIRECTORDIRECTORDIRECTORVICE PRESIDE
Name of key/compensated personDR RON HINERDR RON HINERDR RON HINERDR RON HINERDR RON HINER
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Average hours per week working for org2.002.002.002.002.00
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
Miller, Ron
TitlePRESIDENTVICE-PRESIDEVICE-PRESIDEVICE-PRESIDEDIRECTOR
Name of key/compensated personDR RON MILLERDR RON MILLERDR RON MILLERDR RON MILLERDR RON MILLER
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Average hours per week working for org2.002.002.002.002.00
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
Parker, Jimmy
TitleEXECUTIVE DIEXECUTIVE DIEXECUTIVE DIEXECUTIVE DIEXECUTIVE DI
Name of key/compensated personJIMMY PARKERJIMMY PARKERJIMMY PARKERJIMMY PARKERJIMMY PARKER
Position of compensated person
Average hours per week working for org5.005.005.005.005.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$27,915.00$26,149.00$8,673.00$7,984.00$6,356.00
Corresponding comp from related orgs
Reportable compensation from related orgs $183,826.00$178,909.00$171,947.00$168,224.00$181,470.00
Roark, Tammy
TitleSEC/TREASSEC/TREASSEC/TREASSEC/TREASSEC/TREAS
Name of key/compensated personTAMMY ROARKTAMMY ROARKTAMMY ROARKTAMMY ROARKTAMMY ROARK
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Average hours per week working for org2.002.002.002.002.00
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
Ryan, Michael
TitleDIRECTORDIRECTORDIRECTORDIRECTORPRESIDENT
Name of key/compensated personMICHAEL P RYANMICHAEL P RYANMICHAEL P RYANMICHAEL P RYANMICHAEL P RYAN
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Average hours per week working for org2.002.002.002.002.00
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
Tinsley, Lynda
TitleDIRECTORDIRECTORDIRECTORDIRECTORDIRECTOR
Name of key/compensated personLYNDA TINSLEYLYNDA TINSLEYLYNDA TINSLEYLYNDA TINSLEYLYNDA TINSLEY
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Average hours per week working for org2.002.002.002.002.00
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
Waters, Carolyn
TitleVICE PRESIDEDIRECTORDIRECTORDIRECTORDIRECTOR
Name of key/compensated personCAROLYN WATERSCAROLYN WATERSCAROLYN WATERSCAROLYN WATERSCAROLYN WATERS
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Average hours per week working for org2.002.002.002.002.00
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
Wright, Cathryn
TitleDIRECTORDIRECTORDIRECTORDIRECTOR 
Name of key/compensated personCATHRYN WRIGHTCATHRYN WRIGHTCATHRYN WRIGHTCATHRYN WRIGHT 
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrue 
Average hours per week working for org2.002.002.002.00 
Reportable compensation from org$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 
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00 
Wright, John
TitleSENIOR VICESENIOR VICE   
Name of key/compensated personJOHN WRIGHTJOHN WRIGHT   
Position of compensated person
Average hours per week working for org20.0020.00   
Reportable compensation from org$0.00$0.00   
Other comp, non-reportable, from org and related orgs$41,166.00$38,194.00   
Corresponding comp from related orgs
Reportable compensation from related orgs $156,698.00$152,425.00   
van Doren, Kenneth
TitleDIRECTORDIRECTORDIRECTORDIRECTORDIRECTOR
Name of key/compensated personDR KENNETH VAN DORENDR KENNETH VAN DORENDR KENNETH VAN DORENDR KENNETH VAN DORENDR KENNETH VAN DOREN
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Average hours per week working for org2.002.002.002.002.00
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
Purpose: mission, activities, & accomplishments
Mission or significant activitiesPROVIDING FUNDS FOR THE PURCHASE OF STUDENT LOANS AT THE POST-SECONDARY LEVEL, AND TO PROVIDE PROCEDURES FOR THE SERVICING OF SUCH LOANS AS REQUIRED FOR CONTINUED PARTICIPATION IN THE FEDERAL FAMILY EDUCATION LOAN PROGRAM UNDER THE HIGHER EDUCATION ACT OF 1965.PROVIDING FUNDS FOR THE PURCHASE OF STUDENT LOANS AT THE POST-SECONDARY LEVEL, AND TO PROVIDE PROCEDURES FOR THE SERVICING OF SUCH LOANS AS REQUIRED FOR CONTINUED PARTICIPATION IN THE FEDERAL FAMILY EDUCATION LOAN PROGRAM UNDER THE HIGHER EDUCATION ACT OF 1965.PROVIDING FUNDS FOR THE PURCHASE OF STUDENT LOANS AT THE POST-SECONDARY LEVEL, AND TO PROVIDE PROCEDURES FOR THE SERVICING OF SUCH LOANS AS REQUIRED FOR CONTINUED PARTICIPATION IN THE FEDERAL FAMILY EDUCATION LOAN PROGRAM UNDER THE HIGHER EDUCATION ACT OF 1965.PROVIDING FUNDS FOR THE PURCHASE OF STUDENT LOANS AT THE POST-SECONDARY LEVEL, AND TO PROVIDE PROCEDURES FOR THE SERVICING OF SUCH LOANS AS REQUIRED FOR CONTINUED PARTICIPATION IN THE FEDERAL FAMILY EDUCATION LOAN PROGRAM UNDER THE HIGHER EDUCATION ACT OF 1965.PROVIDING FUNDS FOR THE PURCHASE OF STUDENT LOANS AT THE POST-SECONDARY LEVEL, AND TO PROVIDE PROCEDURES FOR THE SERVICING OF SUCH LOANS AS REQUIRED FOR CONTINUED PARTICIPATION IN THE FEDERAL FAMILY EDUCATION LOAN PROGRAM UNDER THE HIGHER EDUCATION ACT OF 1965.
Program service expenses, total$31,849,773.00$30,919,723.00$31,242,086.00$28,921,861.00$31,593,961.00
Programs, including revenue & expenses
PROVIDING FUNDS FOR THE PURCHASE OF STUDENT LOANS AT THE POST-SECONDARY LEVEL, AND TO PROVIDE PROCEDURES FOR THE SERVICING OF SUCH LOANS AS REQUIRED FOR CONTINUED PARTI- CIPATION IN THE FEDERAL FAMILY EDUCATION LOAN PROGRAM UNDER THE HIGHER EDUCATION ACT OF 1965.
Program expenses$31,849,773.00$30,919,723.00$31,242,086.00$28,921,861.00$31,593,961.00
Program revenue$34,471,256.00$34,859,741.00$34,193,216.00$32,166,126.00$31,768,700.00
Program descriptionPROVIDING FUNDS FOR THE PURCHASE OF STUDENT LOANS AT THE POST-SECONDARY LEVEL, AND TO PROVIDE PROCEDURES FOR THE SERVICING OF SUCH LOANS AS REQUIRED FOR CONTINUED PARTI- CIPATION IN THE FEDERAL FAMILY EDUCATION LOAN PROGRAM UNDER THE HIGHER EDUCATION ACT OF 1965.PROVIDING FUNDS FOR THE PURCHASE OF STUDENT LOANS AT THE POST-SECONDARY LEVEL, AND TO PROVIDE PROCEDURES FOR THE SERVICING OF SUCH LOANS AS REQUIRED FOR CONTINUED PARTI- CIPATION IN THE FEDERAL FAMILY EDUCATION LOAN PROGRAM UNDER THE HIGHER EDUCATION ACT OF 1965.PROVIDING FUNDS FOR THE PURCHASE OF STUDENT LOANS AT THE POST-SECONDARY LEVEL, AND TO PROVIDE PROCEDURES FOR THE SERVICING OF SUCH LOANS AS REQUIRED FOR CONTINUED PARTI- CIPATION IN THE FEDERAL FAMILY EDUCATION LOAN PROGRAM UNDER THE HIGHER EDUCATION ACT OF 1965.PROVIDING FUNDS FOR THE PURCHASE OF STUDENT LOANS AT THE POST-SECONDARY LEVEL, AND TO PROVIDE PROCEDURES FOR THE SERVICING OF SUCH LOANS AS REQUIRED FOR CONTINUED PARTI- CIPATION IN THE FEDERAL FAMILY EDUCATION LOAN PROGRAM UNDER THE HIGHER EDUCATION ACT OF 1965.PROVIDING FUNDS FOR THE PURCHASE OF STUDENT LOANS AT THE POST-SECONDARY LEVEL, AND TO PROVIDE PROCEDURES FOR THE SERVICING OF SUCH LOANS AS REQUIRED FOR CONTINUED PARTI- CIPATION IN THE FEDERAL FAMILY EDUCATION LOAN PROGRAM UNDER THE HIGHER EDUCATION ACT OF 1965.
Financial data
Revenue
Total revenue$35,021,668.00$35,075,221.00$34,309,690.00$32,257,332.00$31,995,986.00
Revenue from contributions (total)  $0.00$0.00$0.00
Investment income, current yr$550,412.00$215,480.00$116,474.00$91,206.00$148,805.00
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$0.00$0.00$0.00$78,481.00
Program service revenue (total)$34,471,256.00$34,859,741.00$34,193,216.00$32,166,126.00$31,768,700.00
Gross receipts$35,021,668.00$35,075,221.00$34,309,690.00$32,257,332.00$31,995,986.00
Other types of revenue
Miscellaneous revenue (total)    $78,481.00
Income from dividends, interest, and similar investments$550,412.00$215,480.00$116,474.00$91,206.00$148,805.00
Net rental income  $0.00$0.00$0.00
Expense categories (totals)
Total functional expenses: sum of all$31,999,734.00$31,127,805.00$31,871,938.00$29,044,832.00$31,949,321.00
Total functional expenses: program service $31,849,773.00$30,919,723.00$31,242,086.00$28,921,861.00$31,593,961.00
Total functional expenses: management and general$149,961.00$208,082.00$629,852.00$122,971.00$355,360.00
Total functional expenses: fundraising$0.00$0.00$0.00$0.00$0.00
Fees for services
Legal fees (total)$43,989.00$86,071.00$728,004.00$10,415.00$104,244.00
Fundraising service fees (total)$0.00$0.00$0.00$0.00$0.00
Assets and liabilities
Total assets$940,463,986.00$1,037,379,888.00$1,144,310,488.00$1,027,947,799.00$1,166,341,868.00
Total assets, beginning of year$1,037,379,888.00$1,144,310,488.00$1,027,947,799.00$1,166,341,868.00$1,384,422,238.00
Total liabilities$831,707,400.00$931,645,236.00$1,042,523,252.00$928,598,315.00$1,063,349,994.00
Total liabilities, beginning of year$931,645,236.00$1,042,523,252.00$928,598,315.00$1,063,349,994.00$1,281,477,029.00
Unrestricted net assets, end of yr$12,585,997.00$10,258,119.00$8,825,243.00$9,443,750.00$9,594,969.00
Temporarily restricted net assets$96,170,589.00$95,476,533.00$92,961,993.00$89,905,734.00$93,396,905.00
Net assets$108,756,586.00$105,734,652.00$101,787,236.00$99,349,484.00$102,991,874.00
Net assets, beginning of year$105,734,652.00$101,787,236.00$99,349,484.00$102,991,874.00$102,945,209.00
Other liabilities-$17,238,988.00-$19,761,480.00-$22,437,505.00-$30,234,730.00-$34,038,535.00
Bond liabilities$291,380,000.00$304,105,000.00$317,785,000.00$115,160,000.00$132,900,000.00
Intangible assets-$1,785,336.00-$1,269,913.00-$753,657.00$3,991,037.00$11,847,228.00
Investments: other securities$2,000,000.00$2,000,000.00$2,000,000.00$2,205,593.00$2,207,061.00
Cash: non-interest bearing$8,140,047.00$7,671,235.00$6,996,282.00$6,534,681.00$7,257,827.00
Cash: non-interest bearing, beginning of year$7,671,235.00$6,996,282.00$6,534,681.00$7,257,827.00$9,035,227.00
Other financial variables
Revenue less expenses$3,021,934.00$3,947,416.00$2,437,752.00$3,212,500.00$46,665.00
Savings & temp cash investment$89,979,025.00$62,665,737.00$90,698,257.00$42,936,554.00$46,540,365.00
Accounts receivable, net$23,815,797.00$22,551,444.00$22,870,580.00$20,354,687.00$20,847,960.00
Prepaid expenses & deferred charges$1,125.00$1,125.00$42,005.00$24,125.00$845.00
Accounts payable & accrued expenses$4,037,914.00$3,629,318.00$3,937,404.00$3,067,196.00$3,484,252.00
Deferred revenue$24,321,565.00$27,611,993.00$30,902,421.00$34,192,849.00$37,483,277.00
Secured mortgages and notes payable$529,206,909.00$616,060,405.00$712,335,932.00$806,413,000.00$923,521,000.00
Total net assets or fund balances$108,756,586.00$105,734,652.00$101,787,236.00$99,349,484.00$102,991,874.00
Depreciation, depletion, amortization $833.00$5,000.00  
Governance and accountability
Number of voting members1111111111
Number of independent voting members1111111111
Financial sheets auditedTrueTrueTrueTrueTrue
Accrual accountingTrueTrueTrueTrueTrue
Tax year start date2016-09-012015-09-012014-09-012013-09-012012-09-01
Tax year end date2017-08-012016-08-012015-08-012014-08-012013-08-01
Indicators for schedules (selected)
LobbiedTrue    
Metadata about the filing
E-return type: 990, 990EZ, or 990PF990990990990990
Date e-filing submitted2018-10-012017-10-172016-08-162015-07-292014-07-25
IRS schema version2016v3.12015v3.02014v6.02013v4.02012v2.3
Filing identifier201831979349300618201711989349300421201601419349300525201511959349300991201431959349301038
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