Skip to main content
IRS-authorized e-file provider · not the IRS

Nonprofit · EIN 23-7133739

NORTH TEXAS HIGHER EDUCATION AUTHORITY INC

Tax-exempt · ARLINGTON, TX 76016

Financials

$53.8M$46.1M2022$71M$65M2023$64.7M$81.1M2024
Revenue Expenses · by fiscal year end
Financials of NORTH TEXAS HIGHER EDUCATION AUTHORITY INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
August 31, 2025990$64,663,233$81,068,571-$16,405,338$1,211,054,653$977,388,047$233,666,606
August 31, 2024990$70,959,409$64,966,787$5,992,622$1,074,155,407$826,824,702$247,330,705
August 31, 2023990$53,783,363$46,105,600$7,677,763$866,196,017$655,084,899$211,111,118
Financial details: 990 for the year ended August 31, 2025

Revenue

Contributions, gifts and grants
$0
Program service revenue
$55,229,067
Investment income
$9,434,166
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Legal fees
$380,971
Accounting fees
$179,500
Depreciation
$1,196,712
Program services (functional)
$49,332,008
Management and general (functional)
$31,736,563

Balance sheet and other

Total assets, start of year
$1,074,155,407
Total assets, end of year
$1,211,054,653
Total liabilities, end of year
$977,388,047
Net assets, end of year
$233,666,606
Gross receipts
$64,663,233
Employees
0
Volunteers
0
Year formed
1979
State of legal domicile
TX

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended August 31, 2025, highest compensation first.

NameTitleHours / weekCompensation
David PetterTreasurer Secretary Board Member
Trustee or director, Officer
1$0
Governor JacksonPresident Board Member
Trustee or director, Officer
1$0
Jerry McCulloughVice President Board Member
Trustee or director, Officer
1$0
Tony PompaBoard Member
Trustee or director
1$0
Stephanie ShanerBoard Member
Trustee or director
1$0
Gracie RiddickBoard Member
Trustee or director
1$0
Phillip WambsganssExecutive Director HESC
Officer
1$0
Denise Dunn-TrakshelController HESC
Officer
1$0
990 for the year ended August 31, 2024: 8 people
NameTitleHours / weekCompensation
Amy MichieTreasurer Secretary Board Member
Trustee or director, Officer
1$0
Governor JacksonPresident Board Member
Trustee or director, Officer
1$0
Jerry McCulloughVice President Board Member
Trustee or director, Officer
1$0
Tony PompaBoard Member
Trustee or director
1$0
David PetterBoard Member
Trustee or director
1$0
Gracie RiddickBoard Member
Trustee or director
1$0
Phillip WambsganssExecutive Director HESC
Officer
1$0
Denise Dunn-TrakshelController HESC
Officer
1$0
990 for the year ended August 31, 2023: 8 people
NameTitleHours / weekCompensation
Amy MichieTreasurer Secretary Board Member
Trustee or director, Officer
1$0
Governor JacksonPresident Board Member
Trustee or director, Officer
1$0
Jerry McCulloughVice President Board Member
Trustee or director, Officer
1$0
Tony PompaBoard Member
Trustee or director
1$0
David PetterBoard Member
Trustee or director
1$0
Gracie RiddickBoard Member
Trustee or director
1$0
Phillip WambsganssExecutive Director HESC
Officer
1$0
Denise Dunn-TrakshelController HESC
Officer
1$0

Address and contacts

Address (IRS master file)
4381 W GREEN OAKS BLVD STE 200, ARLINGTON, TX 76016-4477
In care of
% PHILLIP WAMBSGANSS
Principal officer (990 for 2024)
Phillip Wambsganss, 4381 W GREEN OAKS BLVD STE 200, Arlington, TX 760164477
Signed the 990
Denise Dunn Trakshel, VP of Finance Controller
Phone
(817) 265-9158

Mission

Provide student loans at post secondary level and life of loan servicing of student loans.

990 for the year ended August 31, 2025

Program accomplishments

  • Student Loan Programs: provide funds mostly through issuance of bonds for the purchase and life of loan servicing of FFELP and private student loans at the post secondary level 103547 loans outstanding.
    Expenses $49,332,008 · revenue $55,088,530

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in August, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025August 31, 2026January 15, 2027Not due yet
2024August 31, 2025January 15, 2026990 on file
2023August 31, 2024January 15, 2025990 on file

IRS record

EIN
23-7133739
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Supporting organization (509(a)(3))
Donations deductible (Pub 78)
Supporting organization of unknown type
Exempt since
1973
Accounting year ends
August
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B80Z)
Assets (IRS master file)
$1,211,054,653
Income (IRS master file)
$64,663,233

Filing history

FormYear endedRevenueExpensesAssetsReturn
990August 2025$64,663,233$81,068,571$1,211,054,653IRS
990August 2024$70,959,409$64,966,787$1,074,155,407IRS
990August 2023$53,783,363$46,105,600$866,196,017XML
990August 2022$26,983,231$28,471,620$1,018,646,765IRS
990August 2021–––IRS
990August 2020–––IRS
990August 2019–––IRS
990August 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 23-7133739).

Questions about NORTH TEXAS HIGHER EDUCATION AUTHORITY INC

What is the EIN of NORTH TEXAS HIGHER EDUCATION AUTHORITY INC?
The employer identification number (EIN) of NORTH TEXAS HIGHER EDUCATION AUTHORITY INC is 23-7133739.
Is NORTH TEXAS HIGHER EDUCATION AUTHORITY INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1973.
Are donations to NORTH TEXAS HIGHER EDUCATION AUTHORITY INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
Which annual return does NORTH TEXAS HIGHER EDUCATION AUTHORITY INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of NORTH TEXAS HIGHER EDUCATION AUTHORITY INC due?
The return for tax year 2025 (the year ending August 31, 2026) is due January 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did NORTH TEXAS HIGHER EDUCATION AUTHORITY INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended August 2025.
Who is the principal officer of NORTH TEXAS HIGHER EDUCATION AUTHORITY INC?
The 990 for the year ended August 31, 2025 names Phillip Wambsganss.
Who are the officers and directors of NORTH TEXAS HIGHER EDUCATION AUTHORITY INC?
The 990 for the year ended August 31, 2025 lists 8 people; 0 received compensation from the organization.
How much revenue does NORTH TEXAS HIGHER EDUCATION AUTHORITY INC have?
On its 990 for the year ended August 31, 2025 it reported revenue of $64,663,233, expenses of $81,068,571 and total assets of $1,211,054,653 at year end.

Other nonprofits in ARLINGTON

All nonprofits in ARLINGTON · Texas · Education