Totals
- Total revenue
- $78,403,388
- Total expenses
- $12,531,647
- Contributions and grants received
- $0
- Grants paid
- $2,000
- Program service revenue
- $1,186,288
- Investment income
- $77,207,155
- Other revenue
- $9,945
- Total assets, end of year
- $3,022,286,011
- Total liabilities, end of year
- $5,766,249
- Net assets or fund balances, end of year
- $3,016,519,762
- Program services expenses (Part IX)
- $6,857,460
- Management and general expenses
- $5,674,187
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $6,857,460
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.
Revenue
Part VIII, the statement of revenue.
-
2a · Program service revenue: Contracted Revenue Share
total $1,186,288 · related or exempt $1,186,288
-
2f · All other program service revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
3 · Investment income
total $80,483,786 · excluded $80,483,786
-
6c · Rental income or loss
real property $0 · personal property $0
-
7a · Gross sales of assets other than inventory
securities $53,227,899 · other assets $1,740
-
7b · Less cost or other basis and sales expenses
securities $56,504,569 · other assets $1,701
-
7c · Gain or loss
securities -$3,276,670 · other assets $39
-
7d · Net gain or loss
total -$3,276,631 · excluded -$3,276,631
-
11a · Other revenue: MISCELLANEOUS REVENUE
total $9,945 · excluded $9,945
-
11d · All other revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
11e · Other revenue, total
$9,945
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $2,000 · program services $2,000
-
5 · Compensation of officers, directors and key employees
total $4,352,991 · program services $1,615,822 · management and general $2,737,169
-
7 · Other salaries and wages
total $9,079,494 · program services $5,400,071 · management and general $3,679,423
-
8 · Pension plan contributions
total $679,788 · program services $404,307 · management and general $275,481
-
9 · Other employee benefits
total $1,296,058 · program services $770,837 · management and general $525,221
-
10 · Payroll taxes
total $595,835 · program services $354,376 · management and general $241,459
-
11b · Fees: legal
total $145,947 · program services $48,163 · management and general $97,784
-
11c · Fees: accounting
total $233,372 · program services $203,338 · management and general $30,034
-
11f · Fees: investment management
total $5,637,329 · management and general $5,637,329
-
11g · Fees: other
total $3,668,210 · program services $517,664 · management and general $3,150,546 · fundraising $0
-
12 · Advertising and promotion
total $130,240 · program services $107,126 · management and general $23,114
-
13 · Office expenses
total $2,256,733 · program services $427,957 · management and general $1,828,776
-
16 · Occupancy
total $850,010 · program services $5,453 · management and general $844,557
-
17 · Travel
total $280,087 · program services $229,917 · management and general $50,170
-
19 · Conferences, conventions and meetings
total $213,345 · program services $133,717 · management and general $79,628
-
22 · Depreciation, depletion and amortization
total $1,172,801 · program services $790 · management and general $1,172,011
-
23 · Insurance
total $1,621,706 · program services $72 · management and general $1,621,634
-
24a · Other expenses: SERVICE ARRANGEMENT FEES
total $2,666,988 · program services $559,676 · management and general $2,107,312
-
24b · Other expenses: THIRD PARTY SERVICE EXPENSE
total $5,660,945 · program services $1,188,798 · management and general $4,472,147
-
24c · Other expenses: CORP SUPP FUNCT ALLOCATION
total -$28,217,379 · program services -$5,168,581 · management and general -$23,048,798
-
24d · Other expenses: MISCELLANEOUS
total $205,147 · program services $55,957 · management and general $149,190
-
24e · All other expenses
total $0 · program services $0 · management and general $0 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $4,929 · end of year $4,946
-
2 · Savings and temporary cash investments
beginning of year $977,260,130 · end of year $1,079,633,598
-
3 · Pledges and grants receivable
beginning of year $0
-
4 · Accounts receivable
beginning of year $167,272,721 · end of year $115,716,607
-
5 · Loans and receivables from officers and key people
beginning of year $0 · end of year $0
-
6 · Loans and receivables from disqualified persons
beginning of year $0 · end of year $0
-
7 · Other notes and loans receivable
beginning of year $2,575,000 · end of year $5,645,000
-
8 · Inventories for sale or use
beginning of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $2,183,564 · end of year $2,003,438
-
10a · Land, buildings and equipment: cost or other basis
$42,687,542
-
10b · Land, buildings and equipment: accumulated depreciation
$2,484,993
-
10c · Land, buildings and equipment, net
beginning of year $41,298,961 · end of year $40,202,549
-
11 · Investments: publicly traded securities
beginning of year $681,330 · end of year $0
-
12 · Investments: other securities
beginning of year $1,382,479,459 · end of year $1,748,426,083
-
13 · Investments: program-related
beginning of year $17,548,500 · end of year $20,173,500
-
15 · Other assets
beginning of year $8,154,481 · end of year $10,480,290
-
17 · Accounts payable and accrued expenses
beginning of year $5,786,125 · end of year $5,655,744
-
18 · Grants payable
beginning of year $0 · end of year $0
-
19 · Deferred revenue
beginning of year $0 · end of year $0
-
20 · Tax-exempt bond liabilities
beginning of year $0 · end of year $0
-
21 · Escrow or custodial account liability
beginning of year $0 · end of year $0
-
22 · Loans and payables to officers and key people
beginning of year $0 · end of year $0
-
23 · Secured mortgages and notes payable
beginning of year $0 · end of year $0
-
24 · Unsecured notes and loans payable
beginning of year $0 · end of year $0
-
25 · Other liabilities
beginning of year $101,870 · end of year $110,505
-
27 · Net assets without donor restrictions
beginning of year $2,593,571,080 · end of year $3,016,519,762
-
28 · Net assets with donor restrictions
beginning of year $0 · end of year $0
-
29 · Capital stock, trust principal or current funds
beginning of year $0
-
30 · Paid-in or capital surplus, or land, building or equipment fund
beginning of year $0
-
31 · Retained earnings, endowment or other funds
beginning of year $0
Mission and programs · 2023
Mission
ASCENDIUM EDUCATION GROUP, INC. OPERATES FOR THE SUPPORT AND BENEFIT OF ASCENDIUM EDUCATION SOLUTIONS, INC.
-
Impact investing is one of the key ways we accomplish our mission to champion opportunity for everyone. Our investments advance change to postsecondary education and workforce training systems through new technologies and solutions so more learners can achieve their academic and career goals through Education related venture equity investments.
Expenses $4,512,417
-
ASCENDIUM EDUCATION GROUP, INC. OPERATES FOR THE SUPPORT AND BENEFIT OF ASCENDIUM EDUCATION SOLUTIONS, INC. (SOLUTIONS). SOLUTIONS SUPPORTS INCREASED ACCESS TO AND SUCCESS IN POSTSECONDAY EDUCATION AS A NATIONAL GRANTMAKER, A FEDERAL STUDENT LOAN GUARANTY AGENCY AND A PROVIDER OF STUDENT SUCCESS SERVICES.
Expenses $2,345,043 · Grants $2,000 · Revenue $1,186,288
As filed on the 2023 return.
Listed in Part VII
-
Richard D George - 23RICHARD D GEORGE - 23
CHAIR/PRES/CIO/TREAS
- Total calculated
- $915,782
- From this org
- $859,566
- From related orgs
- $0
- Other
- $56,216
- Hours/week
- 33 + 17 related
Schedule J breakdown matched by us
- Base
- $394,725
- Bonus
- $461,176
- Other
- $3,665
- Deferred
- $19,200
- Nontaxable benefits
- $37,016
- Filer's total
- $915,782
-
David J Hanson - 1DAVID J HANSON - 1
DIRECTOR, SECRETARY
- Total calculated
- $19,400
- From this org
- $9,700
- From related orgs
- $9,700
- Other
- $0
- Hours/week
- 2 + 1 related
-
Emerson Brumback - 1EMERSON BRUMBACK - 1
DIRECTOR, VICE CHAIRMAN
- Total calculated
- $19,400
- From this org
- $9,700
- From related orgs
- $9,700
- Other
- $0
- Hours/week
- 2 + 1 related
-
Joan Prince - 1JOAN PRINCE - 1
DIRECTOR
- Total calculated
- $17,200
- From this org
- $17,200
- From related orgs
- $0
- Other
- $0
- Hours/week
- 3
-
Linda Hoeschler - 1LINDA HOESCHLER - 1
DIRECTOR
- Total calculated
- $19,400
- From this org
- $19,400
- From related orgs
- $0
- Other
- $0
- Hours/week
- 3
-
Maria Gonzalez-Knavel - 1MARIA GONZALEZ-KNAVEL - 1
DIRECTOR
- Total calculated
- $19,400
- From this org
- $9,700
- From related orgs
- $9,700
- Other
- $0
- Hours/week
- 2 + 1 related
-
Mary Burke - 1MARY BURKE - 1
DIRECTOR
- Total calculated
- $19,400
- From this org
- $9,700
- From related orgs
- $9,700
- Other
- $0
- Hours/week
- 2 + 1 related
-
Richard A Weiss - 1RICHARD A WEISS - 1
DIRECTOR
- Total calculated
- $23,800
- From this org
- $11,900
- From related orgs
- $11,900
- Other
- $0
- Hours/week
- 2 + 1 related
-
Roger Ervin - 1ROGER ERVIN - 1
DIRECTOR
- Total calculated
- $23,800
- From this org
- $23,800
- From related orgs
- $0
- Other
- $0
- Hours/week
- 3
-
Scott Klug - 1SCOTT KLUG - 1
DIRECTOR
- Total calculated
- $21,600
- From this org
- $10,800
- From related orgs
- $10,800
- Other
- $0
- Hours/week
- 2 + 1 related
-
Thomas Boldt - 1THOMAS BOLDT - 1
DIRECTOR
- Total calculated
- $23,800
- From this org
- $23,800
- From related orgs
- $0
- Other
- $0
- Hours/week
- 3
-
Brett G Lindquist - 3BRETT G LINDQUIST - 3
VP - STRATEGIC COMMUNICATIONS
- Total calculated
- $344,318
- From this org
- $288,046
- From related orgs
- $0
- Other
- $56,272
- Hours/week
- 6 + 39 related
Schedule J breakdown matched by us
- Base
- $136,213
- Bonus
- $151,133
- Other
- $700
- Deferred
- $17,985
- Nontaxable benefits
- $38,287
- Filer's total
- $344,318
-
Eric C Maly - 3ERIC C MALY - 3
VP - INFO SECURITY AND TECH
- Total calculated
- $302,146
- From this org
- $253,606
- From related orgs
- $0
- Other
- $48,540
- Hours/week
- 12 + 33 related
Schedule J breakdown matched by us
- Base
- $151,278
- Bonus
- $101,610
- Other
- $718
- Deferred
- $16,592
- Nontaxable benefits
- $31,948
- Filer's total
- $302,146
-
Hope E Merry - 3HOPE E MERRY - 3
CHIEF FINANCIAL OFFICER
- Total calculated
- $471,616
- From this org
- $419,711
- From related orgs
- $0
- Other
- $51,905
- Hours/week
- 27 + 23 related
Schedule J breakdown matched by us
- Base
- $228,076
- Bonus
- $191,171
- Other
- $464
- Deferred
- $19,523
- Nontaxable benefits
- $32,382
- Filer's total
- $471,616
-
Jacqueline J Fairbairn - 3JACQUELINE J FAIRBAIRN - 3
CHIEF COMPLIANCE OFFICER
- Total calculated
- $368,165
- From this org
- $0
- From related orgs
- $314,735
- Other
- $53,430
- Hours/week
- 1 + 44 related
Schedule J breakdown matched by us
- Base
- $0 + $147,173 related
- Bonus
- $0 + $166,240 related
- Other
- $0 + $1,322 related
- Deferred
- $0 + $19,560 related
- Nontaxable benefits
- $0 + $33,870 related
- Filer's total
- $0 + $368,165 related
-
Keith Witham - 3KEITH WITHAM - 3
VP - EDUCATION PHILANTHROPY
- Total calculated
- $240,572
- From this org
- $210,760
- From related orgs
- $0
- Other
- $29,812
- Hours/week
- 44
Schedule J breakdown matched by us
- Base
- $180,598
- Bonus
- $29,703
- Other
- $459
- Deferred
- $14,524
- Nontaxable benefits
- $15,288
- Filer's total
- $240,572
-
Matthew R Harlowe - 3MATTHEW R HARLOWE - 3
DIRECTOR INTERNAL AUDIT
- Total calculated
- $284,855
- From this org
- $251,257
- From related orgs
- $0
- Other
- $33,598
- Hours/week
- 43 + 2 related
Schedule J breakdown matched by us
- Base
- $139,789
- Bonus
- $111,200
- Other
- $268
- Deferred
- $16,248
- Nontaxable benefits
- $17,350
- Filer's total
- $284,855
-
Maureen L Harrill - 3MAUREEN L HARRILL - 3
VP - HUMAN RESOURCES
- Total calculated
- $277,652
- From this org
- $235,078
- From related orgs
- $0
- Other
- $42,574
- Hours/week
- 12 + 33 related
Schedule J breakdown matched by us
- Base
- $130,518
- Bonus
- $101,116
- Other
- $3,444
- Deferred
- $15,329
- Nontaxable benefits
- $27,245
- Filer's total
- $277,652
-
Rebecca E Rapp - 3REBECCA E RAPP - 3
GEN CNSL/CHIEF PRIVACY OFFICER/ASST SECRETARY
- Total calculated
- $353,708
- From this org
- $299,538
- From related orgs
- $0
- Other
- $54,170
- Hours/week
- 31 + 14 related
Schedule J breakdown matched by us
- Base
- $142,696
- Bonus
- $156,356
- Other
- $486
- Deferred
- $18,831
- Nontaxable benefits
- $35,339
- Filer's total
- $353,708
-
Alexander J HammondALEXANDER J HAMMOND
SENIOR SECURITY ARCHITECT
- Total calculated
- $211,286
- From this org
- $177,767
- From related orgs
- $0
- Other
- $33,519
- Hours/week
- 45
Schedule J breakdown matched by us
- Base
- $153,409
- Bonus
- $24,083
- Other
- $275
- Deferred
- $13,499
- Nontaxable benefits
- $20,020
- Filer's total
- $211,286
-
Bethany M Miller - 3BETHANY M MILLER - 3
DIRECTOR - LEARNING AND IMPACT
- Total calculated
- $211,491
- From this org
- $187,930
- From related orgs
- $0
- Other
- $23,561
- Hours/week
- 45
Schedule J breakdown matched by us
- Base
- $167,746
- Bonus
- $19,878
- Other
- $306
- Deferred
- $13,214
- Nontaxable benefits
- $10,347
- Filer's total
- $211,491
-
Catherine M Risseeuw - 3CATHERINE M RISSEEUW - 3
MRG - HR TECHNOLOGY & COMP
- Total calculated
- $193,248
- From this org
- $149,116
- From related orgs
- $0
- Other
- $44,132
- Hours/week
- 45
Schedule J breakdown matched by us
- Base
- $126,537
- Bonus
- $21,400
- Other
- $1,179
- Deferred
- $11,708
- Nontaxable benefits
- $32,424
- Filer's total
- $193,248
-
Jennifer M Krueger - 3JENNIFER M KRUEGER - 3
DEPUTY GENERAL COUNSEL
- Total calculated
- $210,633
- From this org
- $168,311
- From related orgs
- $0
- Other
- $42,322
- Hours/week
- 45
Schedule J breakdown matched by us
- Base
- $143,379
- Bonus
- $24,466
- Other
- $466
- Deferred
- $13,775
- Nontaxable benefits
- $28,547
- Filer's total
- $210,633
-
Richard T Schick - 3RICHARD T SCHICK - 3
SR IT ARCHITECTURAL ENGINEER
- Total calculated
- $178,899
- From this org
- $155,382
- From related orgs
- $0
- Other
- $23,517
- Hours/week
- 45
Schedule J breakdown matched by us
- Base
- $139,411
- Bonus
- $15,538
- Other
- $433
- Deferred
- $12,315
- Nontaxable benefits
- $11,202
- Filer's total
- $178,899
-
Amy S Kerwin - 3AMY S KERWIN - 3
VP - EDUCATION PHILANTHROPY
- Total calculated
- $213,505
- From this org
- $194,043
- From related orgs
- $0
- Other
- $19,462
- Hours/week
- 44 + 1 related
Schedule J breakdown matched by us
- Base
- $38,689
- Bonus
- $155,000
- Other
- $354
- Deferred
- $13,052
- Nontaxable benefits
- $6,410
- Filer's total
- $213,505
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 · Independent compensation consultant
- 3 · Form 990 of other organizations
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
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.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
ASCENDIUM EDUCATION SOLUTIONS INC
501(c)(3) · GTY STDNT LNS · WI · controlled entity
Directly controlled by GROUP
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
NORTHSTAR EDUCATION SERVICES LLC
C Corporation · SERVICE · WI · 100% owned · share of income -$2,694,865 · share of assets $3,290,121 · controlled entity
Directly controlled by GROUP
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 2 October 2024
- IRS schema version
- 2023v5.1
- Source object
- 202412769349300506
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