Form 990 for tax year 2024

Totals

Total revenue

$2,713,551

Total expenses

$2,553,364

Contributions and grants received

$1,469,653

Grants paid

$10,000

Program service revenue

$1,207,894

Investment income

$19,204

Other revenue

$16,800

Total assets, end of year

$1,611,925

Total liabilities, end of year

$1,193,481

Net assets or fund balances, end of year

$418,444

Program services expenses (Part IX)

$1,395,687

Management and general expenses

$1,157,677

Fundraising expenses

$0

Program service expenses (Part III)

$1,395,687

Program services were 54.7% 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.

Mission and programs · 2024

• ONE OF BHEF'S NATIONAL INITIATIVES, THE FUTUREREADY STATES INITIATIVE IS SUPPORTED BY LUMINA FOUNDATION, ECMC FOUNDATION, AND THE TRELLIS FOUNDATION. BHEF SUPPORTS THREE STATES IN ACTIVATING CROSS-SECTOR, ACTION-ORIENTED STATE TEAMS TO ADVANCE SHORT-TERM CREDENTIAL ATTAINMENT, STRENGTHEN EDUCATION ALIGNMENT WITH INDUSTRY NEEDS, AND EXPAND ACCESS TO HIGH-VALUE PATHWAYS THAT SUPPORT ECONOMIC MOBILITY AND STATE WORKFORCE COMPETITIVENESS. BHEF PROVIDES TECHNICAL ASSISTANCE TO STATE TEAMS TO REVIEW AND ASSESS CURRENT POLICIES, PRACTICES, AND INVESTMENTS; SET CLEAR, DATA-INFORMED ATTAINMENT GOALS; AND DEVELOP STRATEGIC ACTION PLANS TO IMPROVE THE QUALITY, ACCESSIBILITY, AND IMPACT OF SHORT-TERM CREDENTIALS.

  Expenses $771,196 · Grants $10,000

• NETWORK MEMBERSHIP - BHEF INCURS EXPENSES RELATED TO THE BUSINESS OF DRIVING MEMBERSHIP NETWORK ACTIVITY, WHICH INVOLVES RECRUITMENT, ENGAGEMENT, COMMUNICATION, AND SERVICE DELIVERY. THIS IS ACHIEVED THROUGH IN-PERSON AND VIRTUAL CONVENINGS, COLLABORATIVE RESEARCH AND PROGRAMMATIC INITIATIVES AND COMMUNICATION TO FOSTER PARTNERSHIP AND BUILD TALENT SOLUTIONS WITH OUR BUSINESS AND EDUCATION PARTNERS.

  Expenses $541,505 · Revenue $1,207,894

• ONE OF BHEF'S REGIONAL TALENT INITIATIVES, TECH TALENT ACCELERATOR IS FUNDED BY CONNECTICUT'S OFFICE OF WORKFORCE STRATEGY. LED BY BHEF WITH SUPPORT FROM THE NEW ENGLAND BOARD OF HIGHER EDUCATION (NEBHE), THIS PROGRAM STRENGTHENS BUSINESS HIGHER EDUCATION PARTNERSHIPS TO DEVELOP AND SCALE AI-FOCUSED EDUCATION AND TRAINING PATHWAYS ALIGNED WITH EMPLOYER NEEDS. BHEF OVERSEES GRANTS TO COLLEGES AND UNIVERSITIES, PROVIDES TECHNICAL ASSISTANCE TO EDUCATORS AND BUSINESS PARTNERS, A COMMUNITY OF PRACTICE, AND EMPLOYER ENGAGEMENT STRATEGIES TO ENSURE PROGRAMS ARE INDUSTRY-VALIDATED, EXPAND AI-FOCUSED WORK-INTEGRATED LEARNING OPPORTUNITIES, AND CREATE PATHWAYS FOR CONNECTICUT'S INCUMBENT WORKERS AND STUDENTS TO ACCESS IN-DEMAND AI SKILLS AND CREDENTIALS.

  Expenses $82,986

• NUMBER 4: FUNDED BY THE TRELLIS FOUNDATION, THE WORKFORCE PARTNERSHIP INITIATIVE -TEXAS (WPI-TEXAS) BOOSTS EMPLOYERCOMMUNITY COLLEGE PARTNERSHIPS IN TEXAS TO CO-DEVELOP INDUSTRY-ALIGNED TALENT PATHWAYS IN HIGH-DEMAND FIELDS. IMPLEMENTED IN PARTNERSHIP WITH THE BUSINESS ROUNDTABLE AND THE TEXAS BUSINESS LEADERSHIP COUNCIL, WPITEXAS PROVIDES TECHNICAL ASSISTANCE AND TOOLS TO STRENGTHEN INSTITUTIONAL CAPACITY TO PARTNER WITH INDUSTRY, ADVANCE SHORT-TERM CREDENTIALS OF VALUE, EXPAND WORK-BASED LEARNING OPPORTUNITIES, AND SCALE PARTNERSHIP MODELS THAT IMPROVE ACCESS TO TALENT AND WORKFORCE OUTCOMES.NUMBER 5: FUNDED BY ELLUCIAN OUR REPORT GATHERS INTELLIGENCE FROM EMPLOYERS TO IDENTIFY THE EMERGING SKILLS AND PARTNERSHIP MODELS THAT ARE NEEDED TO DRIVE CLOSER ALIGNMENT ACROSS CURRICULUM AND TALENT PIPELINES. RELEASED IN THE FORM OF A PUBLICLY AVAILABLE REPORT, "FORGING PARTNERSHIPS TO ALIGN EDUCATION AND INDUSTRY FOR THE WORKFORCE OF TOMORROW," THIS RESOURCE SHARES DATA INSIGHTS AND ACTIONABLE EXAMPLES TO ENABLE HIGHER EDUCATION PATHWAYS TO BE DEVELOPED TO BETTER ALIGN TO INDUSTRY NEEDS. NUMBER 6: FUNDED BY THE ECMC FOUNDATION, BHEF'S FACULTY INNOVATION FELLOWSHIP PREPARES FACULTY AS CHANGE AGENTS TO ADVANCE EMPLOYER-ALIGNED EDUCATION AND TALENT PATHWAYS TO STUDENT SUCCESS. THE PROGRAM PROVIDES COHORT-BASED TRAINING IN CHANGE MANAGEMENT, LEADERSHIP, AND EMPLOYER ENGAGEMENT TO SUPPORT THE DESIGN AND IMPLEMENTATION OF INDUSTRY-ALIGNED PROGRAMS. CAPSTONE PROJECTS FOCUS ON PROGRAM, COURSE, AND RESEARCH INNOVATIONS THAT STRENGTHEN ALIGNMENT WITH WORKFORCE NEEDS, BUILD INSTITUTIONAL CAPACITY, AND IMPROVE STUDENT OUTCOMES.NUMBER 7: GENERAL OPERATING SUPPORT FROM THE STRADA EDUCATION FOUNDATION ENABLED BHEF TO STRENGTHEN ORGANIZATIONAL CAPACITY, EXPAND ITS NATIONAL NETWORK, AND ADVANCE WORK-INTEGRATED LEARNING (WIL) INITIATIVES. THE FUNDING SUPPORTED THE DEVELOPMENT OF TOOLS AND RESOURCES TO HELP EMPLOYERS AND HIGHER EDUCATION INSTITUTIONS SCALE HIGH-QUALITY WIL PROGRAMS, CONVENE CROSS-SECTOR LEADERS, AND INCREASE VISIBILITY AND ENGAGEMENT. THIS INVESTMENT STRENGTHENED BHEF'S ROLE AS AN INTERMEDIARY CONNECTING EDUCATION AND INDUSTRY AND EXPANDED ACCESS TO WORK-BASED LEARNING OPPORTUNITIES THAT IMPROVE WORKFORCE OUTCOMES.NUMBER 8: BHEF PROVIDED TECHNICAL ASSISTANCE TO COMPUTING FOR ALL UNDER THE WASHINGTON JOBS INITIATIVE TO ADVANCE PATHWAYS INTO HIGH-DEMAND TECHNOLOGY CAREERS. BHEF SUPPORTS STRATEGIES TO ADDRESS IT WORKFORCE NEEDS, ENGAGES EMPLOYERS TO DEFINE SKILLS AND COMPETENCIES FOR ROLES IMPACTED BY ARTIFICIAL INTELLIGENCE, AND FACILITATES COORDINATION ACROSS EDUCATION, INDUSTRY, AND WORKFORCE PARTNERSNUMBER 9. BHEF WAS THE FISCAL SPONSOR FOR THE NATIONAL PATHWAYS INSTITUTE CONVENING. THIS EVENT BROUGHT TOGETHER LEADERS FROM BUSINESS, EDUCATION, PHILANTHROPY AND GOVERNMENT TO CONVENE AND ADVANCE PROGRESS ON MATTERS CORE TO BHE'S MISSION: TRANSFORMING EDUCATION MODELS TO BETTER PREPARE ALL STUDENTS FOR SUCCESSFUL CAREERS IN OUR RAPIDLY EVOLVING ECONOMY AND KEEPING PACE WITH MODERN WORKFORCE DEMANDS.CONFERENCES: BHEF CONDUCTS SEMI-ANNUAL CONVENINGS TO CATALYZE DIALOGUE AND ACTION BETWEEN ITS CORPORATE AND ACADEMIC NETWORK AND FOUNDATION AND STRATEGIC PARTNERS ON ISSUES RELATED TO BUSINESS TALENT NEEDS, WORKFORCE DEVELOPMENT, AND HIGHER EDUCATION INNOVATION TO MEET THESE NEEDS. POLICYMAKERS FROM STATE AND FEDERAL GOVERNMENTS ARE OFTEN INVITED TO PARTICIPATE IN THESE DISCUSSIONS. ACADEMIC, BUSINESS, AND PHILANTHROPIC LEADERS AT THE CUTTING-EDGE OF TECHNOLOGIES AND EDUCATIONAL PROGRAMMING PARTICIPATE. MANY GIVE PRESENTATIONS ON SUCCESSFUL LOCAL EDUCATIONAL EFFORTS THAT MAY BE APPLICABLE ON A BROADER REGIONAL OR NATIONAL SCALE. BHEF ALSO HOSTS VIRTUAL AND IN-PERSON CONVENINGS ON AI, WORK-BASED LEARNING AND OTHER TOPICS AT THE INTERSECTION OF BUSINESS AND HIGHER EDUCATION.

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

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

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

• TEXAS COMMUNITY COLLEGE EDUCATION INITIATIVE

  $10,000

  SUBAWARD GRANT

Provenance

Return type

form_990

Tax year

2024

Filed

19 May 2026

IRS schema version

2024v5.5

Source object

202601399349301500

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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