2014-04-11T10:24:11-07:00 2013-08-31 990 2012-09-01 751661098 HIGHER EDUCATION SERVICING CORPORATION HIGH 8172659158 4381 W Green Oaks Blvd Suite 200 Arlington TX 760164452 Kathryn Bryan 8172659158 2014-04-08 2012 2015-11-30 17:44:51Z Kathryn M Bryan 4381 W Green Oaks Blvd Suite 200 Arlington TX 760164452 8051889 0 X X 1978 TX Provides student loans and life of loan servicing of student loans under agreements with note holders operating as Higher Educucation Authorities and financial institutions. Also provides its own small independent student loan program. HESC is responsible for the reporting, collection, and accounting for the loans. HESC also provides outreach sevices for North Texas. 4 4 47 0 -68038 -68038 37925 32483 10502538 7900904 31724 30946 55290 -68038 10627477 7896295 0 0 0 0 3216654 3000249 0 0 0 5159328 4476319 8375982 7476568 2251495 419727 28908276 29676783 2444101 2792881 26464175 26883902 HESC fosters quality servicing for student loans, encourages and promotes student enrollment at post-secondary level institutions and to the extent possible provides support to associations, trusts, foundations and institutions operated for purposes described in sections 170 (c) (2) and 501 (c) (3) of the Code. 0 0 7021108 0 7900904 Servicing and development of computer systems to service student loans.Program administrator for loans held by NTHEA. Servicing of loans held by other financial institutions. Own and service a small portfolio of student loans not covered by the federal education programs. 32483 0 32483 Outreach activities to local and regional students preparing for post secondary education. 0 0 0 7053591 1 0 0 1 0 0 0 0 0 0 1 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 29 0 1 47 1 1 1 0 0 0 0 0 0 0 0 0 0 X 4 4 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 X Kathryn Bryan 8172659158 4381 W Green Oaks Blvd Suite 200 Arlington TX 760164452 Kenneth D Woods 0.25 0 X X 1200 0 0 Jerry Lytle 0.25 0 X X 1200 0 0 Judy Schneider 0.25 0 X X 1200 0 0 June Hagler 0.25 0 X 1200 0 0 Kathryn Bryan 50 0 X X 229514 0 35877 Phillip Wambsganss 50 0 X 136620 0 24141 Rhonda Huntley 50 0 X 121957 0 22218 Robert Sandlin 50 0 X 110853 0 20784 Robert Lamberson 50 0 X 106907 0 20283 710651 0 123303 5 0 1 0 Edfinancial Services PO Box 36014 Knoxville TN 379306014 Loan Servicing Bureau 2258311 WF Tower-Dallas LLC 1250 E Copeland Road Suite 550 Arlington TX 76011 Office Lease 301099 Nelnet Loan Services 1215 13th Street Suite 201 Lincoln NE 68508 Loan Servicing Bureau 666106 5280 Solutions 457 New Karner Road Alnany NY 12205 Loan Servicing System Provider 289476 Merrill Lynch Pierce Fenner and Smith Inc PO Box 417535 Boston MA 02241 Remarketing and Underwriting 261106 11 0 0 0 0 32483 0 0 32483 Lender Loan Servicing Fees 611710 2536323 2536323 0 0 Loan Servicing Pass Through Fees 611710 2356076 2356076 0 0 Student Loan Income 525990 93305 93305 0 0 Program Administration Fees 561000 2915200 2915200 0 0 0 0 0 0 7900904 30946 0 0 30946 0 0 0 0 0 0 0 0 87556 0 155594 0 -68038 0 -68038 0 -68038 0 0 0 0 0 7896295 7900904 -68038 30946 X 0 0 0 0 0 0 0 0 229514 218038 11476 0 0 0 0 0 2102501 1829176 273325 0 243632 231450 12182 0 241751 229663 12088 0 182851 173708 9143 0 231371 201293 30078 0 142809 129648 13161 0 79654 75671 3983 0 900 900 0 0 0 0 0 0 0 0 883533 883533 0 0 29081 29081 0 0 507856 471834 36022 0 0 0 0 0 0 0 0 0 14185 12341 1844 0 31151 29905 1246 0 0 0 0 0 0 0 0 0 22379 19470 2909 0 0 0 0 0 60837 52928 7909 0 40956 35632 5324 0 Dues and Subscriptions 35223 35223 0 0 Bank Fees 17591 15304 2287 0 Doubtful Accounts Expense 22717 22717 0 0 Loan Servicing pass through fees 2356076 2356076 0 0 0 0 0 0 7476568 7053591 422977 0 300 300 16621082 17370738 0 0 417682 417461 0 0 0 0 0 0 0 0 33789 56680 3022345 990559 1610537 2031786 0 0 0 0 10198648 9799818 9637 0 16601 0 28908276 29676783 2432326 2792881 0 0 0 0 0 0 0 0 0 0 0 0 0 0 11775 2444101 2792881 X 26464175 26883902 0 0 0 0 26464175 26883902 28908276 29676783 419727 0 0 0 0 0 X 0 1 X 1 0 X 150 0 111430 37925 32483 181988 13869034 14845923 10727246 10502538 7900904 57845645 13869184 14845923 10838676 10540463 7933387 58027633 58027633 106180 12997 24207 31724 30946 206054 55290 -68038 -12748 106180 12997 24207 87014 -37092 193306 13975364 14858920 10862883 10627477 7896295 58220939 0.99668 0.99092 0.00332 0.00908 X 0 0 0 0 0 1 900 0 0 0 900 0 SchC_P2B_S00_L01 Schedule C, Part II-B, Line 1 HESC is an associate member of the Education Finance Council, a 501(c)3 organization that spends 10% of its revenues on lobbying activities. The $900 represents the equivalent amount of lobbying expense paid by HESC through its membership dues. 0 644688 644688 0 756173 23406 732767 0 605281 34222 571059 0 1016203 932931 83272 0 0 0 0 2031786 Net Student Loans Notes Receivable 2845803 C Development Project 6954015 C 9799818 8051889 0 0 0 0 0 8051889 0 -155594 -155594 7896295 7632162 0 0 0 0 0 7632162 0 -155594 -155594 7476568 SchD_P11_S00_L04b Schedule D, Part XI, Line 4b Expenses allocated to determine Net Rental Income or loss are included in expenses on audited financial statements in the amount of $155,594. SchD_P12_S00_L04b Schedule D, Part XII, Line 4b Expenses allocated to determine Net Rental Income or Loss are included included in expenses on the audited financial statements but are in Revenues on Form 990. X X X 0 0 0 0 0 0 0 0 0 Kathryn Bryan 180000 0 46700 0 2814 0 29471 0 6406 0 265391 0 0 0 F990_P06_S0B_L11b Form 990, Part VI, Section B, Line 11b Form 990 is prepared by the HESC Director of Accounting, reviewed by the HESC CEO, and forwarded to the HESC Board President for review before it is filed. F990_P06_S0B_L12c Form 990, Part VI, Section B, Line 12c HESC's General Counsel attends every Board meeting. The General Counsel reviews the conflict of interest policy with the Board members on an annual basis and enforces compliance with the policy. F990_P06_S0B_L15 Form 990, Part VI, Section B, Line 15 The Board of Directors is provided with industry related salary surveys and information prepared by third parties. Comparable jobs and salaries are reviewed prior to annual budget salaries being set. F990_P06_S0C_L17 Form 990, Part VI, Section C, Line 17 HESC is a non-profit corporation formed under the laws of the State of Texas. Texas has no requirement for filing Form 990. F990_P06_S0C_L19 Form 990, Part VI, Section C, Line 19 HESC provides its audited financial statements and reports to the public upon written request. HESC does not make its governing documents and conflict of interest policy available to the public. F990_P09_S00_L11g Form 990, Part IX, Line 11g Licensing, usage, and support fees for loan servicing system. HESC INC 4381 W Green Oaks Blvd Suite 200 Arlington TX 760164452 752209271 Marketing Student Loans TX 0 66 Higher Education Servicing Corporation