Nonprofit · EIN 75-1661098
HIGHER EDUCATION SERVICING CORP IN
Tax-exempt · ARLINGTON, TX 76016
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| August 31, 2025 | 990 | $36,047,569 | $13,765,035 | $22,282,534 | $76,412,285 | $2,562,050 | $73,850,235 |
| August 31, 2024 | 990 | $15,734,397 | $11,430,757 | $4,303,640 | $52,194,254 | $1,585,333 | $50,608,921 |
| August 31, 2023 | 990 | $11,775,166 | $9,099,664 | $2,675,502 | $46,995,693 | $945,392 | $46,050,301 |
Financial details: 990 for the year ended August 31, 2025
Revenue
- Contributions, gifts and grants
- $20,186,974
- Program service revenue
- $12,533,741
- Investment income
- $1,188,870
- Net rental income
- $37,173
- Net gain from sales of assets
- $250
- Other revenue
- $2,137,984
Expenses
- Grants and similar amounts paid
- $175,500
- Compensation of officers, directors and key employees
- $1,240,047
- Other salaries and wages
- $5,921,093
- Salaries, compensation and benefits (total)
- $9,149,728
- Professional fundraising fees
- $0
- Legal fees
- $102,419
- Accounting fees
- $157,975
- Occupancy
- $14,051
- Depreciation
- $421,899
- Program services (functional)
- $11,436,860
- Management and general (functional)
- $2,328,175
Balance sheet and other
- Total assets, start of year
- $52,194,254
- Total assets, end of year
- $76,412,285
- Total liabilities, end of year
- $2,562,050
- Net assets, end of year
- $73,850,235
- Land, buildings and equipment
- $6,053,295
- Net assets without donor restrictions
- $73,850,235
- Gross unrelated business income
- $2,136,717
- Gross receipts
- $36,110,134
- Employees
- 90
- Volunteers
- 6
- Year formed
- 1978
- 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.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| PHILLIP WAMBSGANSS | President Officer | 40 | $395,283 | $44,502 |
| ROBERT LAMBERSON | EVP - IT & SYSTEM DEVELOPMENT | 40 | $299,586 | $40,291 |
| KEVIN MONTGOMERY | EVP - OPERATIONS | 40 | $202,114 | $30,114 |
| DENISE DUNN-TRAKSHEL | VP OF FINANCE Officer | 40 | $189,820 | $28,138 |
| VINCENT POLITE | SERV. SYSTEM MGR. | 40 | $159,526 | $17,429 |
| COURTNEY CHURCHWELL | DIR. OF ACCOUNTING | 40 | $141,790 | $23,704 |
| ANDREW SWAFFAR | PROGRAMMER | 40 | $139,863 | $23,790 |
| BRADFORD BYNUM | ORIGIN. SYS. MGR. | 40 | $143,427 | $16,852 |
| PHIL KINMAN | DIR OF COMPLIANCE | 40 | $136,152 | $22,023 |
| KENNETH D WOODS | President Trustee or director, Officer | 1 | $1,800 | $0 |
| STEPHEN VINCENT | Director Trustee or director | 1 | $1,800 | $0 |
| JUDITH SCHNEIDER | SEC/TREAS Trustee or director, Officer | 1 | $1,800 | $0 |
| JOHN HIBBS | Director Trustee or director | 1 | $1,800 | $0 |
| STEPHANIE BUDUHAN | Director Trustee or director | 1 | $1,800 | $0 |
| LAURIE BIANCO | Director Trustee or director | 1 | $1,200 | $0 |
990 for the year ended August 31, 2024: 15 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| PHILLIP WAMBSGANSS | Executive Dir. Officer | 40 | $308,297 | $31,971 |
| ROBERT LAMBERSON | IT DIRECTOR | 40 | $264,600 | $27,067 |
| KEVIN MONTGOMERY | DIR-OP SOLUTIONS | 40 | $181,897 | $22,374 |
| DENISE DUNN-TRAKSHEL | Controller Officer | 40 | $171,615 | $21,666 |
| VINCENT POLITE | PROGRAMMER | 40 | $140,482 | $13,180 |
| BRADFORD BYNUM | PROGRAMMER | 40 | $133,988 | $12,928 |
| COURTNEY CHURCHWELL | DIR. OF ACCOUNTING | 40 | $127,835 | $18,191 |
| JEAN-MARC EICHNER | DIR OF MARKETING | 40 | $134,884 | $10,917 |
| ANDREW SWAFFAR | PROGRAMMER | 40 | $127,471 | $18,248 |
| KENNETH D WOODS | President Trustee or director, Officer | 1 | $2,400 | $0 |
| STEPHEN VINCENT | Director Trustee or director | 1 | $2,400 | $0 |
| JUDITH SCHNEIDER | SEC/TREAS Trustee or director, Officer | 1 | $2,400 | $0 |
| STEPHANIE BUDUHAN | Director Trustee or director | 1 | $2,400 | $0 |
| LAURIE BIANCO | Director Trustee or director | 1 | $1,800 | $0 |
| JOHN HIBBS | Director Trustee or director | 1 | $1,800 | $0 |
990 for the year ended August 31, 2023: 13 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| PHILLIP WAMBSGANSS | Executive Dir. Officer | 40 | $263,432 | $27,972 |
| ROBERT LAMBERSON | IT DIRECTOR | 40 | $248,915 | $25,166 |
| KEVIN MONTGOMERY | DIR-OP SOLUTIONS | 40 | $166,017 | $20,734 |
| DENISE DUNN-TRAKSHEL | Controller Officer | 40 | $140,480 | $18,814 |
| VINCENT POLITE | PROGRAMMER | 40 | $133,599 | $11,789 |
| COURTNEY CHURCHWELL | DIR. OF ACCOUNTING | 40 | $118,980 | $17,008 |
| PAULETTE WALKER | DIR-LOAN SERVICES | 40 | $120,668 | $12,299 |
| BRADFORD BYNUM | PROGRAMMER | 40 | $121,269 | $11,608 |
| KENNETH D WOODS | President Trustee or director, Officer | 1 | $1,950 | $0 |
| STEPHEN VINCENT | Director Trustee or director | 1 | $1,950 | $0 |
| JUDITH SCHNEIDER | SEC/TREAS Trustee or director, Officer | 1 | $1,950 | $0 |
| LAURIE BIANCO | Director Trustee or director | 1 | $1,950 | $0 |
| STEPHANIE BUDUHAN | Director Trustee or director | 1 | $1,950 | $0 |
Address and contacts
- Address (IRS master file)
- 4381 W GREEN OAKS BLVD STE 200, ARLINGTON, TX 76016-4477
- Principal officer (990 for 2024)
- PHILLIP WAMBSGANSS, 4381 W GREEN OAKS BLVD 200, ARLINGTON, TX 76016
- Signed the 990
- PHILLIP WAMBSGANSS, President
- Phone
- (817) 265-9158
- Website
- hescloans.com
- Return prepared by
- Sutton Frost Cary LLP
Mission
HESC FOSTERS QUALITY SERVICING FOR STUDENT LOANS, ENCOURAGES AND PROMOTES STUDENT ENROLLMENT AT POST-SECONDARY LEVEL INSTITUTIONS. HESC PROVIDES STUDENT LOANS AND LIFE OF LOAN SERVICING AND PROGRAM ADMINISTRATION OF STUDENT LOANS UNDER AGREEMENTS WITH NOTE HOLDERS INCLUDING HIGHER EDUCATION AUTHORITIES. HESC IS RESPONSIBLE FOR THE REPORTING, COLLECTION AND ACCOUNTING FOR THE LOANS. HESC ALSO ADMINISTERS EDUCATIONAL OUTREACH PROGRAMS AND SERVICES IN NORTH TEXAS.
Program accomplishments
- SERVICING AND ADMINISTRATION OF STUDENT LOANS AND DEVELOPMENT OF COMPUTER SYSTEMS TO SERVICE STUDENT LOANS ON BEHALF OF LOAN HOLDERS INCLUDING THE NORTH TEXAS HIGHER EDUCATION AUTHORITY.Expenses $11,028,025 · revenue $12,533,741
- OUTREACH ACTIVITIES TO LOCAL AND REGIONAL STUDENTS PREPARING FOR POST SECONDARY EDUCATION.Expenses $408,835 · grants $182,500
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | August 31, 2026 | January 15, 2027 | Not due yet |
| 2024 | August 31, 2025 | January 15, 2026 | 990 on file |
| 2023 | August 31, 2024 | January 15, 2025 | 990 on file |
IRS record
- EIN
- 75-1661098
- 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
- 1999
- Accounting year ends
- August
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B82)
- Assets (IRS master file)
- $76,412,285
- Income (IRS master file)
- $36,110,134
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | August 2025 | $36,047,569 | $13,765,035 | $76,412,285 | XML |
| 990-T | August 2025 | – | – | – | IRS |
| 990 | August 2024 | $15,734,397 | $11,430,757 | $52,194,254 | XML |
| 990-T | August 2024 | – | – | – | IRS |
| 990 | August 2023 | $11,775,166 | $9,099,664 | $46,995,693 | IRS |
| 990-T | August 2023 | – | – | – | IRS |
| 990 | August 2022 | $11,853,938 | $7,670,792 | $44,544,807 | IRS |
| 990-T | August 2022 | – | – | – | IRS |
| 990 | August 2021 | – | – | – | IRS |
| 990-T | August 2021 | – | – | – | IRS |
| 990 | August 2020 | – | – | – | IRS |
| 990 | August 2019 | – | – | – | IRS |
| 990 | August 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 75-1661098).
Questions about HIGHER EDUCATION SERVICING CORP IN
- What is the EIN of HIGHER EDUCATION SERVICING CORP IN?
- The employer identification number (EIN) of HIGHER EDUCATION SERVICING CORP IN is 75-1661098.
- Is HIGHER EDUCATION SERVICING CORP IN tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1999.
- Are donations to HIGHER EDUCATION SERVICING CORP IN tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does HIGHER EDUCATION SERVICING CORP IN 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 HIGHER EDUCATION SERVICING CORP IN 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 HIGHER EDUCATION SERVICING CORP IN 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 HIGHER EDUCATION SERVICING CORP IN?
- The 990 for the year ended August 31, 2025 names PHILLIP WAMBSGANSS.
- Who are the officers and directors of HIGHER EDUCATION SERVICING CORP IN?
- The 990 for the year ended August 31, 2025 lists 15 people; 15 received compensation from the organization, the highest $395,283 (PHILLIP WAMBSGANSS, President).
- How much revenue does HIGHER EDUCATION SERVICING CORP IN have?
- On its 990 for the year ended August 31, 2025 it reported revenue of $36,047,569, expenses of $13,765,035 and total assets of $76,412,285 at year end.
Other nonprofits in ARLINGTON
- LINDENWOOD EDUCATION SYSTEM EIN 43-0652649 · last filed 990 for 2025
- NORTH TEXAS HIGHER EDUCATION AUTHORITY INC EIN 23-7133739 · last filed 990 for 2025
- OAKRIDGE SCHOOL INC EIN 75-1656802 · last filed 990 for 2025
- ARLINGTON CLASSICS ACADEMY EIN 75-2734435 · last filed 990 for 2025
- PANTEGO CHRISTIAN ACADEMY INC EIN 75-2379341 · last filed 990 for 2025
- ARLINGTON BAPTIST UNIVERSITY EIN 75-0983821 · last filed 990 for 2025
- TEXAS RANGERS BASEBALL FOUNDATION EIN 75-2404714 · last filed 990 for 2024
- GPA MINISTRIES INC EIN 75-2484732 · last filed 990 for 2025