Brazos Education Loan Authority Inc
100% goes to programs Strong reserves Growing revenue
Brazos Education Loan Authority Inc is a 501(c)(3) organization based in Waco, Texas, registered in 2006, with $62,053,242 in FY2024 revenue. CharityIndex grades it A+, and it directs about 100% of spending to programs.
5609 Crosslake Pkwy, Waco, TX, 76712 EIN 20-3868073 Since 2006
Revenue (FY2024)
$62.1M
▼ 29.7% vs prior year
Education median: $200K
Expenses (FY2024)
$51.2M
Net assets
$237.1M
Employees
0
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A+
A+Program efficiency40% of the rating100% to programs
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Brazos Education Loan Authority Inc: 100% to programs earns a A+ on this criterion. See the exact thresholds →
AFinancial health25% of the rating56 mo reserves · +17% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Brazos Education Loan Authority Inc: 56 mo reserves · +17% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Brazos Education Loan Authority Inc: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Brazos Education Loan Authority Inc: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
Show this grade on your website
A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Mission
Brazos education loan authority, inc.'s mission is to make education a reality by supporting programs and initiatives to finance educational opportunities.
Contact & location
- Address
- 5609 Crosslake Pkwy, Waco, TX, 76712
- City
- Waco
- State
- Texas
- Category
- Education
- Subcategory
- Student Services & Aid
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $4.4M (FY2013) to $62.1M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $578.4MNet assets $237.1M
Operating margin
17.5%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$815.5M
Total liabilities
$578.4M
Net assets
$237.1M
Salaries & benefits
$0
0% of expenses
Board members
11
11 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $62,053,242▼29.7% | $51,195,636▼30.7% | $237,059,839▲1.7% | $815,478,066▼17.1% | 990 |
| 2023 | $88,224,410▲10.2% | $73,869,660▲8.4% | $233,202,233▲1.1% | $983,165,176▼14.5% | 990 |
| 2022 | $80,022,743▲65.3% | $68,132,128▲77.0% | $230,676,871▼15.3% | $1,149,527,962▼21.5% | 990 |
| 2021 | $48,416,543 | $38,501,714▼14.5% | $272,258,042▼9.1% | $1,464,923,579▼10.4% | 990 |
| 2020 | $48,404,899▼30.9% | $45,049,059▼35.2% | $299,630,082▲1.1% | $1,635,844,964▼10.4% | 990 |
| 2019 | $70,060,804▼23.6% | $69,520,585▼21.3% | $296,274,242▲0.2% | $1,824,870,580▼10.8% | 990 |
| 2018 | $91,653,461▲6.5% | $88,304,830▲13.5% | $295,732,431▲1.1% | $2,046,820,449▼8.2% | 990 |
| 2017 | $86,050,416▲3.5% | $77,771,278▲8.6% | $292,371,800▲2.9% | $2,228,524,710▼10.2% | 990 |
| 2016 | $83,129,641▼5.0% | $71,635,834▲5.3% | $284,092,662▲4.2% | $2,482,136,677▼10.4% | 990 |
| 2015 | $87,465,746▲114% | $68,058,143▲124% | $272,598,855▲7.7% | $2,770,528,521▼10.3% | 990 |
| 2014 | $40,950,985▲834% | $30,337,368▲981% | $253,191,251▲138198% | $3,086,968,371▲3439% | 990 |
| 2013 | $4,386,211 | $2,805,698▲17.7% | -$183,342▲89.6% | $87,230,417▼10.6% | 990 |
| 2012 | — | $2,383,400 | -$1,763,855 | $97,593,110 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Brent Helm | Director | 1 | — |
| Charles Madden | Director | 1 | — |
| Charles Reed | Director | 1 | — |
| Claude Ervin | Director | 1 | — |
| Clement Milam | Director | 1 | — |
| Darrell Brooks | Assistant Treasurer | 1 | — |
| Donald Schmeltekopf | Director | 1 | — |
| Dr David Myers | Director | 1 | — |
| Dr Terry Maness | Director | 1 | — |
| Jane Allen | Director | 1 | — |
| Joe Nesbitt | Director | 1 | — |
| Justin Wiethorn | Director | 1 | — |
| Kelli Uttech | Evp, General Counsel | 1 | — |
| Ricky Turman | Evp/coo/cfo/treasurer | 1 | — |
| Tammy Harralson | Controller | 1 | — |
| Thomas Litle | President/ceo | 1 | — |
| Tiffany Jones | Secretary | 1 | — |
Top vendors & contractors (FY2022)
| Contractor | Services | Paid |
|---|---|---|
| Kutak Rock LLP | Legal | $165,000 |
Similar organizations in Education
Education
Concordia University Texas
Austin, TX
$60.9M
B+annual revenue
Education
Wayland Baptist University
Plainview, TX
$60.6M
Aannual revenue
Education
East Texas Baptist University
Marshall, TX
$60.0M
Aannual revenue
Education
Hockaday School
Dallas, TX
$59.4M
B+annual revenue
Education
Lubbock Christian University
Lubbock, TX
$66.5M
B+annual revenue
Education
Uatx
Austin, TX
$57.0M
Bannual revenue
Education
Basis Texas Charter Schools Inc
San Antonio, TX
$67.3M
Bannual revenue
Education
Schreiner University
Kerrville, TX
$68.0M
Aannual revenue
Education
The George W Bush Foundation
Dallas, TX
$56.0M
B+annual revenue
Education
North Texas Higher Education Authority Inc
Arlington, TX
$71.0M
Aannual revenue
Compare Brazos Education Loan Authority Inc
Frequently asked questions
- Is Brazos Education Loan Authority Inc a legitimate nonprofit?
- Yes. Brazos Education Loan Authority Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 20-3868073, based in Waco, Texas. Donations are tax-deductible.
- What is Brazos Education Loan Authority Inc's EIN?
- Brazos Education Loan Authority Inc's Employer Identification Number (EIN) is 20-3868073.
- How much revenue does Brazos Education Loan Authority Inc report?
- Brazos Education Loan Authority Inc reported $62,053,242 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Brazos Education Loan Authority Inc's spending goes to programs?
- Brazos Education Loan Authority Inc spends about 100% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Brazos Education Loan Authority Inc have?
- CharityIndex grades Brazos Education Loan Authority Inc A+, based on program efficiency and fundraising cost.
- How much does Brazos Education Loan Authority Inc's highest-paid employee make?
- The highest reported compensation on Brazos Education Loan Authority Inc's latest Form 990 is $0, paid to Brent Helm (Director).
More nonprofits in Waco
Explore more
Data for Brazos Education Loan Authority Inc (EIN 20-3868073) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.