Cause IQ organization profile

North Texas Higher Education Authority (NTHEA)

Program areas | Form 990s | Financials | Vendors | Personnel | Peers

NTHEA is a credit union based in Arlington, TX that was founded in 1979. As of 2018 they had $33 million in revenue and $1.0 billion in assets.

The mission of the North Texas Higher Education Authority is to acquire student loans and provide life of loan servicing of student loans at post secondary level.

Fiscal year end:
Revenue trends:
Asset trends:

Program areas at NTHEA

Student Loan Programs: provide funds mostly through issuance of bonds for the purchase and life of loan servicing of FFELP student loans at the post secondary level (176,008 loans outstanding).

Form 990s for NTHEA

Fiscal year endingDate received by IRSFormPDF link
2018-08May 14, 2019990View PDF
2017-08Apr 10, 2018990View PDF
2016-08Aug 25, 2017990View PDF
2015-08Oct 13, 2016990View PDF
2014-08Jan 28, 2015990View PDF
...and four more Form 990 PDFs

Financials for NTHEA

Total grants, contributions, etc.$0
Program services$32,594,905
Investment income and dividends$1,090,705
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$33,685,610

Vendors for NTHEA

VendorServicesAmount paidDate
KimbiaFundraising software2020-09-07
███████ ███ ████Fundraising software; Payment processing2020-09-07
█████████ ████████Software2020-09-07
██████ █████████ █████████ ███████████Program Administration and Student Loan Servicing$8,752,3512018-08-01
██████ ████ █████████Legal Counsel$210,0352018-08-01
████ ██ ████████ ████Commitment and Closing Fees on Financing$895,3502018-08-01
███████ ████ ███████ ██████████ ███Financial Advisory$184,0002018-08-01
███████ ███ ██████Legal Counsel$148,6642018-08-01

Personnel at NTHEA

NameTitleCompensationMost recent data
Phillip WambsganssExecutive Director$0April 25, 2019
Donald ShieldsDirector of Accounting$0Aug. 31, 2018
███ ███ ██████Secretary and Treasurer$0Aug. 7, 2019
███ █████ ██████████Vice President , Board Member$0Aug. 7, 2019
█ ███████President$0Aug. 31, 2018

Peer credit unions

1Brazos Student Finance Corporation501(c)(3)$14 millionWaco, TX
2Brazos Education Loan Authority501(c)(3)$86 millionWaco, TX
3New Mexico Educational Assistance Foundation (NMEAF)501(c)(3)$23 millionAlbuquerque, NM
4Acapita Education Finance Corporation501(c)(3)$52 millionWaco, TX
5Brazos Higher Education Authority501(c)(3)$61 millionWaco, TX
6South Carolina Student Loan Corporation (SCSL)501(c)(3)$76 millionColumbia, SC
7Northwest Education Loan Association (NELA)501(c)(3)$13 millionMadison, WI
8All Student Loan501(c)(3)$20 millionManhattan BCH, CA
9Nonprofit Finance Fund501(c)(3)$23 millionNew York, NY
10Connecticut Student Loan Foundation501(c)(3)$10 millionHartford, CT
11National Cooperative Bank (NCB)501(c)(3)$44 millionArlington, VA
12National Finance Credit Corporation of Texas501(c)(16)$9.3 millionFort Worth, TX
13Trellis Company501(c)(3)$107 millionRound Rock, TX
14Nebraska Student Loan Program (NSLP)501(c)(3)$47 millionLincoln, NE
15LiftFund501(c)(3)$18 millionSan Antonio, TX
16Panhandle-Plains Higher Education Authority (PPHEA)501(c)(3)$43 millionCanyon, TX
17Brazos Higher Education Service Corporation (Brazos)501(c)(3)$11 millionWaco, TX
18Higher Education Servicing Corporation501(c)(3)$10 millionArlington, TX
19Edsouth Services501(c)(3)$113 millionKnoxville, TN
20Montana Higher Education Student Assistance Corporation501(c)(3)$31 millionHelena, MT
21Granite State Management & Resources (GSMR)501(c)(3)$27 millionConcord, NH
22Ascendium Education Group501(c)(3)$128 millionMadison, WI
23American Student Assistance (ASA)501(c)(3)$124 millionBoston, MA
24Edsouth501(c)(3)$57 millionFranklin, TN
25Opportunity Finance Network (OFN)501(c)(3)$13 millionPhiladelphia, PA