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← POSTSECONDARY ELECTRONIC STANDARDS COUNCIL

Form 990 for tax year 2022

Filed by POSTSECONDARY ELECTRONIC STANDARDS COUNCIL.

Totals

Total revenue
$313,346
Total expenses
$368,708
Contributions and grants received
$70,773
Grants paid
$0
Program service revenue
$242,573
Investment income
$0
Other revenue
$0
Total assets, end of year
$39,724
Total liabilities, end of year
$222,387
Net assets or fund balances, end of year
-$182,663
Program services expenses (Part IX)
$212,508
Management and general expenses
$153,258
Fundraising expenses
$2,942
Program service expenses (Part III)
$212,508

Program services were 57.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $70,773

  • 2a · Program service revenue: Membership Dues

    total $182,563 · related or exempt $182,563

  • 2b · Program service revenue: Conferences

    total $60,010 · related or exempt $60,010

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $158,067 · program services $98,002 · management and general $58,485 · fundraising $1,580

  • 7 · Other salaries and wages

    total $81,077 · program services $26,755 · management and general $53,511 · fundraising $811

  • 9 · Other employee benefits

    total $32,461 · program services $16,880 · management and general $15,257 · fundraising $324

  • 10 · Payroll taxes

    total $18,464 · program services $9,601 · management and general $8,678 · fundraising $185

  • 11g · Fees: other

    total $3,204 · management and general $3,204

  • 12 · Advertising and promotion

    total -$10 · management and general -$10

  • 13 · Office expenses

    total $4,304 · program services $4,304

  • 16 · Occupancy

    total $2,114 · management and general $2,114

  • 17 · Travel

    total $886 · program services $886

  • 20 · Interest

    total $39,109 · program services $39,109

  • 22 · Depreciation, depletion and amortization

    total $403 · program services $210 · management and general $189 · fundraising $4

  • 23 · Insurance

    total $2,363 · management and general $2,363

  • 24a · Other expenses: Outside computer servic

    total $14,427 · program services $14,427

  • 24b · Other expenses: Bank Fees

    total $7,711 · management and general $7,711

  • 24c · Other expenses: Telephone

    total $3,737 · program services $1,943 · management and general $1,756 · fundraising $38

  • 24d · Other expenses: Printing & copying

    total $391 · program services $391

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $15,526 · end of year $4,618

  • 4 · Accounts receivable

    beginning of year $31,750 · end of year $34,500

  • 10a · Land, buildings and equipment: cost or other basis

    $5,518

  • 10b · Land, buildings and equipment: accumulated depreciation

    $4,912

  • 10c · Land, buildings and equipment, net

    beginning of year $1,009 · end of year $606

  • 17 · Accounts payable and accrued expenses

    beginning of year $35,669 · end of year $39,041

  • 19 · Deferred revenue

    beginning of year $139,917 · end of year $150,573

  • 25 · Other liabilities

    beginning of year $0 · end of year $32,773

  • 27 · Net assets without donor restrictions

    beginning of year -$127,301 · end of year -$182,663

Mission and programs · 2022

Mission

Through open and transparent community participation, PESC enables cost-effective connectivity between data systems to accelerate performance and service, to simplify data access and research, and to improve data quality along the higher education lifecycle.

Activities or mission (Part I)

Established in 1997 at the National Center for Higher Education and located in Washington, D.C., The Postsecondary Electrionic Standards Council (PESC) is a 501(c)(3) non-profit,community-based, umbrella association of colleges and universities; colleges and university systems, professional and commercial organizations; data, software and service providers; non-profit organizations and higher education lifecycle.

  • Conference & Meetings - Meetings to disseeminate information and share ideas and development resources while hearing from industry experts on emerging techonologies and user-friendly processes that impact students and technology expectations. These meeting include the annual spring summit and annual fall summit.

    Expenses $75,545 · Revenue $60,010

  • Education & Outreach - Newsletter, website, article for publication, and presentations - all to further PESC's exempt purpose. See www.PESC.com

    Expenses $53,595 · Revenue $182,563

  • Standards Committee/Fourm - Group formed to study standard-related issues, develop data standards and supporting tools, including a data dictionary for education, as well as work on the U.S. Deparment of Education's national student loan data system (NSLDS) and NCES' common education data standards (CEDS).Task forces - Open, collaborative committees that study processes and how the use of standards increases efficiencies and data quality while reducing cost and redundancy.User Groups - Open collaborative committees that maintain existing standards and initiate and track new development efforts on maintained standards.

  • Expenses $83,368

As filed on the 2022 return.

Listed in Part VII

  • William Bryant Faust

    Director

    Total calculated
    $0
    Hours/week
    4
  • Doug Falk

    Director

    Total calculated
    $0
    Hours/week
    4
  • Alex Jackl

    Director

    Total calculated
    $0
    Hours/week
    4
  • David Moldoff

    Chair

    Total calculated
    $0
    Hours/week
    5
  • Kristi Blabaum

    Treasurer

    Total calculated
    $0
    Hours/week
    5
  • Rob Layton

    Director

    Total calculated
    $0
    Hours/week
    4
  • Karen McCredie

    Director

    Total calculated
    $0
    Hours/week
    4
  • Francisco Valines

    Director

    Total calculated
    $0
    Hours/week
    4
  • Jason Weaver

    Director

    Total calculated
    $0
    Hours/week
    4
  • Monterey Sims

    Vice Chair

    Total calculated
    $0
    Hours/week
    5
  • Ruth Blades

    Secretary

    Total calculated
    $0
    Hours/week
    5
  • Vivian Wong

    Director

    Total calculated
    $0
    Hours/week
    4
  • Michael Sessa

    President and CEO

    Total calculated
    $158,067
    From this org
    $0
    From related orgs
    $158,067
    Other
    $0
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $0 + $158,067 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $158,067 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
2 November 2023
IRS schema version
2022v5.0
Source object
202333079349302108

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