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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 2022. Filed on March 20, 2023.

4381 W Green Oaks Blvd 200
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 2022 IRS Form 990 filing, Higher Education Servicing Corporation, a 501(c)(3) charitable organization, reported compensation for 8 out of 55 total employees. Among the employees shown here, the average compensation is $169,468. The highest compensated employee at Higher Education Servicing Corporation is Phillip Wambsganss with fiscal year 2022 compensation of $283,954.

Revenue, expenses, and employee compensation

Revenue

$11,853,938

Expenses

$7,670,792

Employee compensation

$4,130,514
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Phillip Wambsganss
Executive Director
$283,954
$257,716 No related comp$26,238
Robert Lamberson
Information Technology Director
$239,955
$217,269 No related comp$22,686
Kevin Montgomery
Dir-Op Solutions
$162,949
$144,948 No related comp$18,001
Vincent Polite
Programmer
$145,472
$134,289 No related comp$11,183
Courtney Churchwell
Accounting Director
$144,332
$127,704 No related comp$16,628
Denise Dunn-Trakshel
Controller
$139,615
$123,820 No related comp$15,795
Bradford Bynum
Programmer
$119,869
$109,147 No related comp$10,722
Phil Kinman
Compliance Director
$119,600
$110,747 No related comp$8,853

Benchmark Employee Compensation

Non-Employee Board Members

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

Contractors

Nelnet Servicing Inc.
Loan Servicing
$510,936
Edfinancial Services
Loan Servicing
$508,547
Norton Rose Fulbright US LLP
Legal
$434,077
Aspire Resources Inc.
Loan Servicing
$395,222
Ventanex
Print/Post.
$278,197

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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