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Nonprofiteer
← HIGHER EDUCATION COMPLIANCE AND MANAGEMENT INC

Form 990 for tax year 2024

Filed by HIGHER EDUCATION COMPLIANCE AND MANAGEMENT INC.

Totals

Total revenue
$323,165
Total expenses
$1,464,347
Contributions and grants received
$0
Grants paid
$1,500
Program service revenue
$59,669
Investment income
$227,496
Other revenue
$36,000
Total assets, end of year
$7,161,023
Total liabilities, end of year
$14,193
Net assets or fund balances, end of year
$7,146,830
Program services expenses (Part IX)
$1,337,898
Management and general expenses
$126,449
Fundraising expenses
$0
Program service expenses (Part III)
$1,337,898

Program services were 91.4% 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.

  • 2a · Program service revenue: ADMINISTRATION INCOME

    total $59,669 · related or exempt $59,669

  • 3 · Investment income

    total $227,496 · excluded $227,496

  • 6a · Gross rents

    real property $36,000

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $36,000

  • 6d · Net rental income or loss

    total $36,000 · related or exempt $36,000

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,500 · program services $1,500

  • 7 · Other salaries and wages

    total $545,731 · program services $485,520 · management and general $60,211

  • 9 · Other employee benefits

    total $139,748 · program services $126,395 · management and general $13,353

  • 10 · Payroll taxes

    total $40,607 · program services $36,166 · management and general $4,441

  • 11g · Fees: other

    total $610,074 · program services $606,369 · management and general $3,705

  • 13 · Office expenses

    total $10,980 · program services $5,490 · management and general $5,490

  • 16 · Occupancy

    total $574 · program services $574

  • 22 · Depreciation, depletion and amortization

    total $77,318 · program services $60,270 · management and general $17,048

  • 24a · Other expenses: COMPUTERS

    total $23,155 · program services $11,578 · management and general $11,577

  • 24b · Other expenses: PRINTING

    total $8,100 · management and general $8,100

  • 24c · Other expenses: AUTO AND TRAVEL

    total $2,980 · program services $1,490 · management and general $1,490

  • 24d · Other expenses: GIFTS

    total $2,546 · program services $2,546

  • 24e · All other expenses

    total $1,034 · management and general $1,034

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $808,660 · end of year $347,094

  • 2 · Savings and temporary cash investments

    beginning of year $6,117,639 · end of year $5,611,819

  • 4 · Accounts receivable

    beginning of year $403,076 · end of year $166,928

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

    $732,466

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

    $497,050

  • 10c · Land, buildings and equipment, net

    beginning of year $312,734 · end of year $235,416

  • 15 · Other assets

    beginning of year $726,316 · end of year $799,766

  • 17 · Accounts payable and accrued expenses

    beginning of year $80,413 · end of year $1,693

  • 19 · Deferred revenue

    end of year $12,500

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $8,288,012 · end of year $7,146,830

Mission and programs · 2024

Mission

ASSISTING S 501(C)(3) INSTITUTIONS OF HIGHER EDUCATION.

Activities or mission (Part I)

ASSISTING S 501(C)(3) EDUCATIONAL INSTITUTIONS

  • ADMINISTRATION OF TITLE IV FED ASSISTANCE TO HIGHER EDUCATIONAL INSTITUTIONS EXEMPT UNDER 501(C)(3) FOR BELOW MARKET FEES.

    Expenses $1,336,398 · Revenue $95,669

  • SUPPORT OF 501(C)(3) ORGANIZATION

    Expenses $1,500 · Grants $1,500

As filed on the 2024 return.

Listed in Part VII

  • Shmuel C Weisberg

    TRUSTEE

    Total calculated
    $0
    Hours/week
    40

  • Avrohom Y Zuckerman

    TRUSTEE

    Total calculated
    $0
    Hours/week
    25

  • Menashe Gross

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Elisa Kahan

    EMPLOYEE

    Total calculated
    $216,814
    From this org
    $216,814
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $216,814
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $216,814

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

  • 3 · Written employment contract

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
2024
Filed
17 November 2025
IRS schema version
2024v5.2
Source object
202543219349302434

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