Brazos Higher Education Authority Inc
100% goes to programs Strong reserves Growing revenue
Brazos Higher Education Authority Inc is a 501(c)(3) organization based in Waco, Texas, registered in 2014, with $43,649,233 in FY2024 revenue. CharityIndex grades it B, and it directs about 100% of spending to programs.
5609 Crosslake Pkwy, Waco, TX, 76712 EIN 74-2099402 Since 2014
Revenue (FY2024)
$43.6M
▼ 17.3% vs prior year
Education median: $200K
Expenses (FY2024)
$51.5M
Net assets
$27.9M
Employees
0
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
C+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 Higher Education Authority Inc: 100% to programs earns a C+ on this criterion. See the exact thresholds →
C+Financial health25% of the rating6 mo reserves · -18% 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 Higher Education Authority Inc: 6 mo reserves · -18% margin earns a C+ 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 Higher Education 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 Higher Education Authority Inc: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
Brazos higher education 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 declined from $179.3M (FY2013) to $43.6M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $482.6MNet assets $27.9M
Operating margin
-18.1%
Spent more than it raised in the latest fiscal year.
Total assets
$510.5M
Total liabilities
$482.6M
Net assets
$27.9M
Salaries & benefits
$0
0% of expenses
Board members
10
10 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $43,649,233▼17.3% | $51,537,202▼9.5% | $27,871,976▼22.1% | $510,450,178▼26.9% | 990 |
| 2023 | $52,767,150▼19.6% | $56,936,680▲5.3% | $35,759,942▼10.4% | $697,868,797▼12.6% | 990 |
| 2022 | $65,596,378▲108% | $54,054,077▲76.9% | $39,929,466▲40.7% | $798,359,381▼19.5% | 990 |
| 2021 | $31,545,196▼7.2% | $30,560,842▲12.9% | $28,387,165▲3.2% | $991,731,055▼16.0% | 990 |
| 2020 | $33,986,760▼36.1% | $27,080,572▼43.5% | $27,497,184▲33.5% | $1,180,982,939▼7.3% | 990 |
| 2019 | $53,170,548▼18.5% | $47,907,302▼22.7% | $20,590,996▲34.3% | $1,274,013,869▼4.0% | 990 |
| 2018 | $65,270,655▲5.3% | $61,975,229▲10.5% | $15,327,750▲27.4% | $1,326,813,826▼12.6% | 990 |
| 2017 | $61,980,302▲8.5% | $56,097,992▲6.9% | $12,032,324▲95.6% | $1,518,790,256▼12.5% | 990 |
| 2016 | $57,143,585▼4.1% | $52,453,004▲3.8% | $6,150,014▲321% | $1,736,357,071▼13.7% | 990 |
| 2015 | $59,577,435▼50.6% | $50,546,949▼45.1% | $1,459,433▲119% | $2,011,061,961▼13.9% | 990 |
| 2014 | $120,637,832▼32.7% | $92,100,053▼30.4% | -$7,571,054▼104% | $2,336,948,535▼61.3% | 990 |
| 2013 | $179,269,029 | $132,353,491▼22.9% | $206,652,147▲29.4% | $6,043,119,524▼10.5% | 990 |
| 2012 | — | $171,769,644▼22.6% | $159,736,610▲40.2% | $6,749,156,697▼12.2% | 990 |
| 2011 | — | $221,911,401▼8.6% | $113,962,529▲48.1% | $7,688,178,809▼9.5% | 990 |
| 2010 | — | $242,835,291▲0.7% | $76,941,894▲3.9% | $8,495,044,457▲7.4% | 990 |
| 2009 | — | $241,240,692 | $74,049,735 | $7,909,001,784 | 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 |
|---|---|---|---|
| Claude Ervin | Director | 1 | — |
| Darrell Brooks | Treasurer | 1 | — |
| Dr Andy Popejoy | Director | 1 | — |
| Harry Harelik | Director | 1 | — |
| Joe Nesbitt | Director | 1 | — |
| Justin Wiethorn | Director | 1 | — |
| Kelli Uttech | Evp, General Counsel | 1 | — |
| Larry Smith | Director | 1 | — |
| Paul Mcclinton | Vice President | 1 | — |
| Peter Kultgen | Director | 1 | — |
| Ricky Turman | Evp & Cfo | 1 | — |
| Robert D Chambers | President | 1 | — |
| Steven Bostick | Director | 1 | — |
| Tammy Harralson | Controller/vp | 1 | — |
| Thomas Litle | Executive Director | 1 | — |
| Tiffany Jones | Exec. Corp. Secretary | 1 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Kutak Rock LLP | Legal | $160,000 |
| Mccall Parkhurst & Horton LLP | Legal | $131,475 |
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Frequently asked questions
- Is Brazos Higher Education Authority Inc a legitimate nonprofit?
- Yes. Brazos Higher Education Authority Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 74-2099402, based in Waco, Texas. Donations are tax-deductible.
- What is Brazos Higher Education Authority Inc's EIN?
- Brazos Higher Education Authority Inc's Employer Identification Number (EIN) is 74-2099402.
- How much revenue does Brazos Higher Education Authority Inc report?
- Brazos Higher Education Authority Inc reported $43,649,233 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Brazos Higher Education Authority Inc's spending goes to programs?
- Brazos Higher Education Authority Inc spends about 100% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Brazos Higher Education Authority Inc have?
- CharityIndex grades Brazos Higher Education Authority Inc B, based on program efficiency and fundraising cost.
- How much does Brazos Higher Education Authority Inc's highest-paid employee make?
- The highest reported compensation on Brazos Higher Education Authority Inc's latest Form 990 is $0, paid to Claude Ervin (Director).
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Data for Brazos Higher Education Authority Inc (EIN 74-2099402) 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.