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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Organizations Education Higher Education Servicing Corporation

Higher Education Servicing Corporation

Fiscal year ending 2018. Filed on March 20, 2019.

4381 W Green Oaks Blvd
Arlington, Texas 76016

Higher Education Servicing Corporation (EIN: 75-1661098) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2018 IRS Form 990 filing, Higher Education Servicing Corporation, a 501(c)(3) charitable organization, reported compensation for 5 out of 55 total employees. Among the employees shown here, the average compensation is $176,010. The highest compensated employee at Higher Education Servicing Corporation is Robert Lamberson with fiscal year 2018 compensation of $268,903.

Revenue, expenses, and employee compensation

Revenue

$10,119,969

Expenses

$6,530,170

Employee compensation

$3,379,520
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Robert Lamberson
Information Technology Director
$268,903
$246,122 No related comp$22,781
Phillip Wambsganss
Executive Director
$251,471
$227,478 No related comp$23,993
Vincent Polite
Programmer
$124,495
$111,392 No related comp$13,103
Don Shields
Director of Acctg.
$124,469
$109,756 No related comp$14,713
Phil Kinman
Compliance Director
$110,714
$100,677 No related comp$10,037

Benchmark Employee Compensation

Non-Employee Board Members

June Hagler
Vice President
$1,200
$1,200 No related compNo other comp
Steve Vincent
Director
$1,200
$1,200 No related compNo other comp
Kenneth D Woods
President
$1,200
$1,200 No related compNo other comp
Judy Schneider
Secretary and Treasurer
$1,200
$1,200 No related compNo other comp
Stephanie Buduhan
Director
$1,200
$1,200 No related compNo other comp

Contractors

Edfinancial Services
Loan Servicing
$1,109,177
Aspire Resources Inc.
Loan Servicing
$528,376
Nelnet Servicing LLC
Loan Servicing
$315,707
Ventanex
Print/Post.
$296,514
Mbi Systems Corporation
Network Consulting
$185,763

Mission Statement

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.

Revisions to this organization profile

January 24, 2025:
2024 Higher Education Servicing Corporation 990 filed
February 7, 2024:
2023 Higher Education Servicing Corporation 990 filed
March 20, 2023:
2022 Higher Education Servicing Corporation 990 filed

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