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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 2024. Filed on January 24, 2025.

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 2024 IRS Form 990 filing, Higher Education Servicing Corporation, a 501(c)(3) charitable organization, reported compensation for 9 out of 71 total employees. Among the employees shown here, the average compensation is $196,401. The highest compensated employee at Higher Education Servicing Corporation is Phillip Wambsganss with fiscal year 2024 compensation of $340,268.

Revenue, expenses, and employee compensation

Revenue

$15,734,397

Expenses

$11,430,757

Employee compensation

$7,155,535
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Phillip Wambsganss
Executive Director
$340,268
$308,297 No related comp$31,971
Robert Lamberson
Information Technology Director
$291,667
$264,600 No related comp$27,067
Kevin Montgomery
Dir-Op Solutions
$204,271
$181,897 No related comp$22,374
Denise Dunn-Trakshel
Controller
$193,281
$171,615 No related comp$21,666
Vincent Polite
Programmer
$153,662
$140,482 No related comp$13,180
Bradford Bynum
Programmer
$146,916
$133,988 No related comp$12,928
Courtney Churchwell
Accounting Director
$146,026
$127,835 No related comp$18,191
Jean-Marc Eichner
Marketing Director
$145,801
$134,884 No related comp$10,917
Andrew Swaffar
Programmer
$145,719
$127,471 No related comp$18,248

Benchmark Employee Compensation

Non-Employee Board Members

Judith Schneider
Secretary and Treasurer
$2,400
$2,400 No related compNo other comp
Kenneth D Woods
President
$2,400
$2,400 No related compNo other comp
Stephen Vincent
Director
$2,400
$2,400 No related compNo other comp
Stephanie Buduhan
Director
$2,400
$2,400 No related compNo other comp
John Hibbs
Director
$1,800
$1,800 No related compNo other comp
Laurie Bianco
Director
$1,800
$1,800 No related compNo other comp

Contractors

Norton Rose Fulbright US LLP
Legal
$830,117
Nelnet Servicing LLC
Loan Servicing
$605,581
Repaycdt Technologies Ltd.
Print and Postage
$450,871
Aspire Resources Inc.
Loan Servicing
$374,665
Navient Corporation Dba Navient Solutions LLC
Loan Servicing
$320,929

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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