Brazos Education Funding Corporation Inc
Brazos Education Funding Corporation Inc reports $0 revenue and assets in its latest filing, indicating a cessation of financial activity.
EIN: 203870176 · Waco, TX · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Expenses | $3.4M |
| Net Assets | $3.7M |
| Transparency Score | 10/100 |
Is Brazos Education Funding Corporation Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Brazos Education Funding Corporation Inc
Brazos Education Funding Corporation Inc (EIN: 203870176) is a nonprofit organization based in Waco, TX. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Brazos Education Funding Corporation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Brazos Education Funding Corporation Inc is a mid-size nonprofit, with 6 years of IRS 990 filings on record (2012–2017). Revenue has grown at a compound annual rate of 49.4%.
Key Financial Metrics (2017)
From the most recent IRS 990 filing on record:
| Total Revenue | $5.5M |
| Total Expenses | $3.4M |
| Surplus / Deficit | +$2.1M |
| Total Assets | $100.8M |
| Total Liabilities | $97.1M |
| Net Assets | $3.7M |
| Operating Margin | 38.5% |
| Debt-to-Asset Ratio | 96.4% |
| Months of Reserves | 359.5 months |
Financial Health Grade: A
In 2017, Brazos Education Funding Corporation Inc reported a surplus of $2.1M with revenue exceeding expenses, holds 359.5 months of operating reserves (strong position), has a debt-to-asset ratio of 96.4% (high leverage).
Financial Trends
Over 6 years of filings (2012–2017), Brazos Education Funding Corporation Inc's revenue has grown at a compound annual growth rate (CAGR) of 49.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2017 | +35.4% | +36.6% | -9.7% |
| 2016 | +72.1% | +142.3% | +11168633500.0% |
| 2015 | -19.9% | -63.0% | -100.0% |
| 2014 | -13.8% | -1.4% | -10.6% |
| 2013 | +361.9% | +187.9% | -10.9% |
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Brazos Education Funding Corporation Inc with a Mission Score of 10 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 0%
- programs: 0%
- fundraising: 0%
According to IRS 990 filings, Brazos Education Funding Corporation Inc allocates its expenses as follows: admin: 0%, programs: 0%, fundraising: 0%.
Key Financial Metrics (2017)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $2.1M, with revenue exceeding expenses.
- Debt-to-asset ratio: 96.4%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, suggesting either a volunteer-led organization or that compensation is not categorized as 'officer compensation' on the 990, which could be a point for further inquiry given the historical scale of assets and revenue.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Brazos Education Funding Corporation Inc's IRS 990 filings:
- Latest filing shows $0 revenue and $0 assets, indicating potential organizational failure or dormancy.
- Unknown NTEE code hinders clear understanding of mission and programmatic focus.
- Historically, liabilities often exceeded assets, raising concerns about long-term financial stability.
Strengths
The following positive indicators were identified for Brazos Education Funding Corporation Inc:
- Historically managed significant assets, reaching over $165 million in 2012.
- Reported 0% officer compensation across all filings, suggesting a potentially volunteer-driven leadership or efficient use of funds in that area.
Frequently Asked Questions about Brazos Education Funding Corporation Inc
Is Brazos Education Funding Corporation Inc a legitimate charity?
Brazos Education Funding Corporation Inc (EIN: 203870176) is a registered tax-exempt nonprofit based in Texas. Our AI analysis gives it a Mission Score of 10/100. It has 6 years of IRS 990 filings on record. 3 red flags identified. 2 strengths noted. Financial health grade: A.
How does Brazos Education Funding Corporation Inc spend its money?
Brazos Education Funding Corporation Inc reported its financials in IRS 990 filings. 6 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Brazos Education Funding Corporation Inc tax-deductible?
Brazos Education Funding Corporation Inc is registered as a tax-exempt nonprofit (EIN: 203870176). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Brazos Education Funding Corporation Inc located?
Brazos Education Funding Corporation Inc is headquartered in Waco, Texas and files with the IRS under EIN 203870176.
How many years of IRS 990 filings does Brazos Education Funding Corporation Inc have?
Brazos Education Funding Corporation Inc has 6 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends.
What caused the sudden drop from millions in revenue and assets to $0 in the latest filing?
The provided data shows a dramatic shift from significant financial activity (e.g., $5.4 million revenue, $100.8 million assets in 2017) to $0 in both categories in the latest filing, indicating a potential closure or dormancy.
Is Brazos Education Funding Corporation Inc still operational?
With $0 in both revenue and assets reported in its latest filing, it is highly unlikely the organization is actively operating or fulfilling its mission.
How did the organization manage its significant liabilities in previous years?
In several periods, liabilities exceeded assets (e.g., $172.6 million liabilities vs. $165.5 million assets in 2012), suggesting a complex financial structure, possibly involving debt financing or specific asset types.
Filing History
IRS 990 filing history for Brazos Education Funding Corporation Inc showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2012–2017), Brazos Education Funding Corporation Inc's revenue has grown by 643.2%, moving from $736K to $5.5M. Total assets decreased by 39.1% over the same period, from $165.5M to $100.8M. Total functional expenses rose by 247.4%, from $969K to $3.4M. In its most recent filing year (2017), Brazos Education Funding Corporation Inc reported a surplus of $2.1M, with revenue exceeding expenses. The organization holds $97.1M in liabilities against $100.8M in assets (debt-to-asset ratio: 96.4%), resulting in net assets of $3.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2017 | $5.5M | $3.4M | $100.8M | $97.1M | — | — |
| 2016 | $4.0M | $2.5M | $111.7M | $110.1M | — | View 990 |
| 2015 | $2.3M | $1.0M | $1 | $0 | — | View 990 |
| 2014 | $2.9M | $2.7M | $131.8M | $133.1M | — | View 990 |
| 2013 | $3.4M | $2.8M | $147.5M | $149.0M | — | View 990 |
| 2012 | $736K | $969K | $165.5M | $172.7M | — | View 990 |
Year-by-Year Financial Summary
- 2017: Revenue of $5.5M, expenses of $3.4M, and assets of $100.8M (revenue +35.4% year-over-year).
- 2016: Revenue of $4.0M, expenses of $2.5M, and assets of $111.7M (revenue +72.1% year-over-year).
- 2015: Revenue of $2.3M, expenses of $1.0M, and assets of $1 (revenue -19.9% year-over-year).
- 2014: Revenue of $2.9M, expenses of $2.7M, and assets of $131.8M (revenue -13.8% year-over-year).
- 2013: Revenue of $3.4M, expenses of $2.8M, and assets of $147.5M (revenue +361.9% year-over-year).
- 2012: Revenue of $736K, expenses of $969K, and assets of $165.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Brazos Education Funding Corporation Inc:
Data Sources and Methodology
This transparency report for Brazos Education Funding Corporation Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.