Charity Impact Media

Home › Education

Brazos Higher Education Authority

Waco, TX · EIN 74-2099402 · 501(c)(3) · Publicly supported organization (509(a)(2))
Latest filing: Form 990 for the fiscal year ending June 30, 2025 (tax year 2024) · View the filing · Correct or respond

Brazos Higher Education Authority reported $43.6 million in revenue and $51.5 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $100.00 went to program services, $0.00 to management and general costs and $0.00 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 84.9% of the total. The highest compensation it reported for one person was $994,139 (Executive Director). Revenue fell 18% between FY2020 and FY2025. Source: Form 990, FY2025.

Where $100 of spending went

The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $52M

For context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).

Where $100 of revenue came from

The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $44M

The 990 scorecard · same measures for every charity, no grades

FY2025 filing. Median across 5,499 covered charities in this category, from their latest filings.
MeasureFY2025Median
Program services
Part IX 25(B) ÷ 25(A)
100.0%84.4%
Management & general
Part IX 25(C) ÷ 25(A)
0.0%13.4%
Fundraising
Part IX 25(D) ÷ 25(A)
0.0%0.8%
Fundraising cost per $1 of contributions
Part IX 25(D) ÷ Part VIII 1h
Not reported$0.04
Contributions & grants share of revenue
Part VIII 1h ÷ 12
0.0%19.1%
Government grants share of revenue
Part VIII 1e ÷ 12
0.0%1.1%
Program service revenue share
Part VIII 2g ÷ 12
84.9%69.9%
Highest reported compensation
Part VII-A, columns D–F
$994,139$331,578
Highest compensation as share of expenses
Part VII-A ÷ Part IX 25(A)
1.93%1.28%
People paid over $100,000
Part VII, line 2
08
Net assets, in months of expenses
Part X 33(B) ÷ monthly expenses
6.513.3
Independent voting board members
Part VI 1a–1b
10 of 10100.0%

A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.

What the money paid for, in its own words

FY2025 · Form 990, Part III · the three largest programs by expense
$52M expenses · 100.0% of program spending · revenue $38M

Brazos Higher Education Authority, inc. Held student loans under the title iv federal family education loan program (ffelp) and other private student loan programs. These loans were funded through permanent financings and company funds

Highest reported compensation

FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here
RoleFrom this orgFrom related orgsOtherTotal
Executive Director
Officer, 1.0 hrs/week
$0$895,987$98,152$994,139
EVP & CFO
Officer, 1.0 hrs/week
$0$659,544$101,455$760,999
EVP, General Counsel
Officer, 1.0 hrs/week
$0$459,985$83,927$543,912
Controller/VP
Officer, 1.0 hrs/week
$0$258,182$72,119$330,301
Treasurer
Officer, 1.0 hrs/week
$0$232,630$67,386$300,016
Exec. Corp. Secretary
Officer, 1.0 hrs/week
$0$119,395$32,504$151,899

0 people received more than $100,000 in reportable compensation from Brazos Higher Education Authority (Part VII, line 2).

6 years of filings

Form 990, Parts I, VII, IX and X · each row is that year's own filing, linked
FilingRevenueExpensesProgramsNet assetsTop pay
FY2025 ⓘ$44M$52M100.0%$28M$994,139
FY2024 ⓘ$53M$57M100.0%$36M$828,855
FY2023 ⓘ$66M$54M100.0%$40M$764,770
FY2022 ⓘ$32M$31M100.0%$28M$775,096
FY2021 ⓘ$34M$27M100.0%$27M$697,720
FY2020 ⓘ$53M$48M100.0%$21M$729,589

Governance answers, as filed

FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means
  • Voting board members, and how many are independent Part VI, lines 1a–1b10 · 10 independent
  • Audited financial statements Part XII 2bYes
  • Conflict-of-interest policy Part VI 12aYes
  • Whistleblower policy Part VI 13Yes
  • Document retention policy Part VI 14Yes
  • Independent process for top executive pay Part VI 15aNo
  • Board given the 990 before filing Part VI 11aYes
  • Family or business ties among insiders Part VI 2No
  • Aware of a significant diversion of assets Part VI 5No
  • Excess benefit transaction with an insider Part IV 25aNo
  • Loans to or from insiders outstanding Part IV 26No
  • Lobbying, or a 501(h) election in effect Part IV 4No
  • Over $15,000 of professional fundraising services Part IV 18No
  • Over $10,000 of activity outside the U.S. Part IV 14bNo
  • Employees Part I, line 50
  • Volunteers Part I, line 610

Correct a figure or respond

Every number above is copied from Brazos Higher Education Authority's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Brazos Higher Education Authority, you can publish a response that is linked from this page.

Questions people ask

How much of Brazos Higher Education Authority's spending goes to programs?

In the fiscal year ending June 30, 2025, Brazos Higher Education Authority reported that 100.0% of its $51.5 million in expenses went to program services, 0.0% to management and general and 0.0% to fundraising (Form 990, Part IX).

How much does Brazos Higher Education Authority pay its top executive?

The largest total compensation Brazos Higher Education Authority reported for one person in the fiscal year ending June 30, 2025 was $994,139, for the role of Executive Director (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does Brazos Higher Education Authority get its money?

Of $43.6 million in revenue in the fiscal year ending June 30, 2025, 0.0% came from contributions and grants and 84.9% from program service revenue (Form 990, Part VIII).

Is Brazos Higher Education Authority a registered charity?

The IRS lists EIN 74-2099402 as a 501(c)(3) organization (publicly supported organization (509(a)(2))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.

Sources

  • FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202620389349300402 · read the filing · XML
  • FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202511219349303551 · read the filing
  • FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202400939349300800 · read the filing
  • FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202310539349300931 · read the filing
  • FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202220409349300807 · read the filing
  • FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202130509349300503 · read the filing

All filings for EIN 74-2099402: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.