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← INSTITUTE FOR HIGHER EDUCATION POLICY

Form 990 for tax year 2024

Filed by INSTITUTE FOR HIGHER EDUCATION POLICY.

Totals

Total revenue
$8,861,160
Total expenses
$4,275,851
Contributions and grants received
$8,525,255
Grants paid
$0
Program service revenue
$15,000
Investment income
$303,832
Other revenue
$17,073
Total assets, end of year
$15,823,577
Total liabilities, end of year
$419,410
Net assets or fund balances, end of year
$15,404,167
Program services expenses (Part IX)
$3,215,906
Management and general expenses
$974,154
Fundraising expenses
$85,791
Program service expenses (Part III)
$3,215,906

Program services were 75.2% 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

    $8,525,255

  • 2a · Program service revenue: ECMC CONTRACT

    total $15,000 · related or exempt $15,000

  • 3 · Investment income

    total $303,832 · excluded $303,832

  • 11a · Other revenue: MISCELLANEOUS

    total $17,073 · excluded $17,073

  • 11e · Other revenue, total

    $17,073

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $1,199,111 · program services $764,959 · management and general $374,196 · fundraising $59,956

  • 7 · Other salaries and wages

    total $900,431 · program services $894,672 · management and general $5,759

  • 8 · Pension plan contributions

    total $45,909 · program services $44,280 · management and general $1,629

  • 9 · Other employee benefits

    total $531,292 · program services $351,240 · management and general $180,052

  • 10 · Payroll taxes

    total $160,858 · program services $136,729 · management and general $24,129

  • 11b · Fees: legal

    total $25,190 · management and general $25,190

  • 11c · Fees: accounting

    total $34,821 · management and general $34,821

  • 11d · Fees: lobbying

    total $69,000 · program services $69,000

  • 11f · Fees: investment management

    total $28,765 · management and general $28,765

  • 11g · Fees: other

    total $704,167 · program services $557,225 · management and general $136,666 · fundraising $10,276

  • 13 · Office expenses

    total $79,102 · program services $29,192 · management and general $48,250 · fundraising $1,660

  • 14 · Information technology

    total $182,241 · program services $144,213 · management and general $31,272 · fundraising $6,756

  • 16 · Occupancy

    total $75,282 · program services $60,226 · management and general $11,292 · fundraising $3,764

  • 17 · Travel

    total $93,883 · program services $73,875 · management and general $16,629 · fundraising $3,379

  • 19 · Conferences, conventions and meetings

    total $45,594 · program services $36,616 · management and general $8,978

  • 22 · Depreciation, depletion and amortization

    total $23,754 · management and general $23,754

  • 23 · Insurance

    total $13,290 · management and general $13,290

  • 24a · Other expenses: PRINTING & PUBLICATIONS

    total $44,606 · program services $44,606

  • 24b · Other expenses: DUES & SUBSCRIPTIONS

    total $17,752 · program services $9,073 · management and general $8,679

  • 24c · Other expenses: TAXES AND LICENSES

    total $803 · management and general $803

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $1,629,565 · end of year $1,418,298

  • 3 · Pledges and grants receivable

    beginning of year $379,223 · end of year $4,713,944

  • 4 · Accounts receivable

    beginning of year $2,001 · end of year $20,580

  • 9 · Prepaid expenses and deferred charges

    beginning of year $54,395 · end of year $48,373

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

    $181,385

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

    $149,317

  • 10c · Land, buildings and equipment, net

    beginning of year $55,823 · end of year $32,068

  • 12 · Investments: other securities

    beginning of year $8,627,636 · end of year $9,453,830

  • 15 · Other assets

    beginning of year $218,882 · end of year $136,484

  • 17 · Accounts payable and accrued expenses

    beginning of year $256,664 · end of year $278,852

  • 25 · Other liabilities

    beginning of year $228,806 · end of year $140,558

  • 27 · Net assets without donor restrictions

    beginning of year $6,781,257 · end of year $7,670,510

  • 28 · Net assets with donor restrictions

    beginning of year $3,700,798 · end of year $7,733,657

Mission and programs · 2024

Mission

THE INSTITUTE FOR HIGHER EDUCATION POLICY (IHEP) WORKS TO BUILD A MORE EQUITABLE AND JUST SOCIETY THROUGH HIGHER EDUCATION. WE DRIVE SYSTEMIC CHANGE TO ADVANCE EQUITABLE OUTCOMES AND GENERATIONAL IMPACT FOR COMMUNITIES HISTORICALLY MARGINALIZED BASED ON RACE, ETHNICITY, OR INCOME. WE PURSUE THIS CHANGE THROUGH RESEARCH, ADVOCACY, POLICY DEVELOPMENT, AND FIELD ENGAGEMENT.

Activities or mission (Part I)

SEE PART III, LINE 1.

  • DATA & TRANSPARENCY OUR SYSTEM OF HIGHER EDUCATION IS DATA-RICH BUT INFORMATION-POOR. IHEP PROMOTES SMART HIGHER EDUCATION DATA USE BY IDENTIFYING TRENDS IN DATA COLLECTION AND REPORTING AT THE FEDERAL, STATE, AND INSTITUTIONAL LEVELS, SUPPORTING A CULTURE OF DATA-USE ON CAMPUSES THROUGH OUR RESEARCH, TRAININGS, AND COMMUNITIES OF PRACTICES, AND CALLING FOR THE MODERNIZATION OF OUR POSTSECONDARY DATA INFRASTRUCTURE. SINCE 2014, IHEP HAS LED THE POSTSECONDARY DATA COLLABORATIVE (POSTSECDATA), A COALITION OF DIVERSE ORGANIZATIONS THAT JOINTLY ADVOCATES FOR THE USE OF HIGH-QUALITY POSTSECONDARY DATA TO IMPROVE ACCESS AND SUCCESS IN HIGHER EDUCATION, INFORM AND EVALUATE POLICY DEVELOPMENT, AND INFORM STUDENT CHOICES ABOUT THEIR INVESTMENTS IN HIGHER EDUCATION.

    Expenses $1,648,790 · Revenue $15,000

  • EVIDENCE-BASED COMPLETION HIGHER EDUCATION CAN BE A PATHWAY TO ECONOMIC SECURITY, SOCIAL MOBILITY AND SOCIETY-WIDE VALUE IF STUDENTS EARN A DEGREE OR CREDENTIAL. IHEP PROMOTES EVIDENCE-BASED PATHWAYS TO COMPLETION FOR TODAY'S STUDENTS BY IDENTIFYING BARRIERS TO COMPLETION AND DEGREE ATTAINMENT, EXAMINING INNOVATIVE AND EFFECTIVE APPROACHES AT THE INSTITUTIONAL, STATE, AND FEDERAL LEVELS TO PROMOTE COMPLETION, AND WORKING WITH POLICYMAKERS AND PRACTITIONERS TO ADVANCE STRATEGIES AND POLICIES THAT SUPPORT STUDENTS AS THEY COMPLETE THEIR STUDIES. IHEP WORKS TO SUPPORT KNOWLEDGE BUILDING AND SCALING OF DATA-DRIVEN STRATEGIES THAT IMPROVE COMPLETION.

    Expenses $786,783

  • NEED-BASED AID NEED-BASED AID DOES MORE THAN MAKE COLLEGE MORE AFFORDABLE - IT MAKES COLLEGE POSSIBLE FOR TODAY'S STUDENTS. WE PROMOTE AFFORDABLE POSTSECONDARY EDUCATION BY: IDENTIFYING FINANCIAL CHALLENGES AND EXAMINING INNOVATIVE SOLUTIONS; CALLING TO PROTECT AND INCREASE NEED-BASED AID AT THE FEDERAL, STATE, AND INSTITUTIONAL LEVELS; AND WORKING WITH POLICYMAKERS AND PRACTITIONERS TO PRIORITIZE NEED-BASED INVESTMENT IN STUDENTS. WE FOCUS SQUARELY ON ENHANCING SUPPORT FOR STUDENTS LIVING WITH LOW AND MODERATE INCOMES, INCLUDING THROUGH PELL GRANTS, AND FUNDING TO SUPPORT NON-TUITION COSTS THAT INCLUDE BASIC NEEDS SUCH AS FOOD AND HOUSING.

    Expenses $570,381

  • STRONG OUTCOMES FOR ALL STUDENTS ALL INSTITUTIONS AND PROGRAMS SHOULD DELIVER VALUE TO STUDENTS. DRAWING FROM OUR POSTSECONDARY VALUE FRAMEWORK, WE EVALUATE NOVEL APPROACHES TO ASSESS THE ECONOMIC RETURNS STUDENTS RECEIVE FOR THEIR POSTSECONDARY INVESTMENT AND CULTIVATE SUPPORT FOR COMPREHENSIVE REFORM THAT INCENTIVIZES AND SUPPORTS IMPROVEMENT, ESPECIALLY AMONG PROGRAMS THAT PERSISTENTLY DELIVER A LOW RETURN ON INVESTMENT.

    Expenses $209,952

  • COLLEGE ADMISSIONS YEARS OF ADMISSIONS POLICIES HAVE LEFT BLACK, LATINX, AMERICAN INDIAN AND ALASKA NATIVE STUDENTS, AND STUDENTS FROM LOW-INCOME BACKGROUNDS UNDERREPRESENTED AT THE NATION'S SELECTIVE INSTITUTIONS. IHEP RESEARCHES RECRUITMENT, ADMISSIONS, AND ENROLLMENT POLICIES AND PRACTICES. WE BUILD FIELD SUPPORT FOR THE POSITIVE IMPACTS OF A DIVERSE CAMPUS TO ENCOURAGE INSTITUTIONS TO IMPLEMENT STRATEGIES THAT HELP MORE STUDENTS ACCESS POSTSECONDARY EDUCATION.

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

Listed in Part VII

  • Maryellen McGuire

    BOARD MEMBER/CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Ajita Talwalker Menon

    BOARD MEMBER/VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Denisa Gandara

    BOARD MEMBER/SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Brian Bridges

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Peter O Nwosu

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Mike Krause

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • James Larimore

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Rob Olcott

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Amanda R Tachine

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Michelle R Weise

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Mary Mamie G Voight

    PRESIDENT & CEO

    Total calculated
    $320,283
    From this org
    $279,625
    From related orgs
    $0
    Other
    $40,658
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $269,625
    Bonus
    $10,000
    Other
    $0
    Deferred
    $12,561
    Nontaxable benefits
    $28,097
    Filer's total
    $320,283

  • Tola Fadeyi

    CHIEF FINANCIAL OFFICER/TREASURER

    Total calculated
    $226,258
    From this org
    $191,470
    From related orgs
    $0
    Other
    $34,788
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $171,470
    Bonus
    $20,000
    Other
    $0
    Deferred
    $7,963
    Nontaxable benefits
    $26,825
    Filer's total
    $226,258

  • Kelly Leon

    VP OF COMMS & GOVT AFFAIRS

    Total calculated
    $230,754
    From this org
    $201,210
    From related orgs
    $0
    Other
    $29,544
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $171,210
    Bonus
    $30,000
    Other
    $0
    Deferred
    $8,547
    Nontaxable benefits
    $20,997
    Filer's total
    $230,754

  • Diane Cheng

    VP OF RESEARCH & POLICY

    Total calculated
    $217,191
    From this org
    $196,392
    From related orgs
    $0
    Other
    $20,799
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $176,392
    Bonus
    $20,000
    Other
    $0
    Deferred
    $8,917
    Nontaxable benefits
    $11,882
    Filer's total
    $217,191

  • Amanda Janice Roberson

    VP OF OPERATIONS

    Total calculated
    $204,624
    From this org
    $169,960
    From related orgs
    $0
    Other
    $34,664
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $139,960
    Bonus
    $30,000
    Other
    $0
    Deferred
    $6,713
    Nontaxable benefits
    $27,951
    Filer's total
    $204,624

  • Eleanor Peters

    DIRECTOR OF RESEARCH AND POLICY

    Total calculated
    $161,913
    From this org
    $133,850
    From related orgs
    $0
    Other
    $28,063
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $128,850
    Bonus
    $5,000
    Other
    $0
    Deferred
    $6,497
    Nontaxable benefits
    $21,566
    Filer's total
    $161,913

  • Sean Tierney

    DIRECTOR OF RESEARCH AND POLICY

    Total calculated
    $143,689
    From this org
    $127,796
    From related orgs
    $0
    Other
    $15,893
    Hours/week
    40

  • Kimberly Dancy

    ASSOCIATE DIR. OF RES. AND POLICY

    Total calculated
    $137,671
    From this org
    $120,450
    From related orgs
    $0
    Other
    $17,221
    Hours/week
    40

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 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 7
THE FOLLOWING PERFORMANCE BASED BONUSES WERE PAID TO INDIVIDUALS LISTED ON PART VII: MARY (MAMIE) G. VOIGHT $10,000 KELLY LEON $30,000 TOLA FADEYI $20,000 DIANE CHENG $20,000 AMANDA JANICE ROBERSON $30,000 ELEANOR PETERS $5,000 KIMBERLY DANCY $5,000

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
14 November 2025
IRS schema version
2024v5.2
Source object
202503189349308745

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