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Nonprofiteer
← NATIONAL STUDENT CLEARINGHOUSE

Form 990 for tax year 2022

Filed by NATIONAL STUDENT CLEARINGHOUSE.

Totals

Total revenue
$96,297,122
Total expenses
$101,759,320
Contributions and grants received
$0
Grants paid
$47,010
Program service revenue
not reported
Investment income
not reported
Other revenue
not reported
Total assets, end of year
not reported
Total liabilities, end of year
not reported
Net assets or fund balances, end of year
not reported
Program services expenses (Part IX)
$69,636,428
Management and general expenses
$32,122,892
Fundraising expenses
$0
Program service expenses (Part III)
$69,636,428

Program services were 68.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • MR MICHAEL COLLINS

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1

  • DR DEBRA CHROMY

    BOARD VICE CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • DR BARBARA BRITTINGHAM

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MR ROBERT FITZGERALD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MR VINCENT GRIMARD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MS KATHLEEN MCNEELY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DR CARISSA MOFFAT MILLER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • DR SHARON MORRISEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • MR PATRICK PERRY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DR VAN TON-QUINLIVAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MR PAUL ROBINSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MS MARY KENNARD-SMITH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DR SAMUEL SUDHAKAR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DR A HOPE WILLIAMS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • RICARDO D TORRES

    PRESIDENT AND CEO

    Total calculated
    $1,180,618
    From this org
    $922,675
    From related orgs
    $0
    Other
    $257,943
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $536,774
    Bonus
    $201,917
    Other
    $183,984
    Deferred
    $230,500
    Nontaxable benefits
    $27,443
    Filer's total
    $1,180,618

  • LAWRENCE HATCH

    VP, INDUSTRY & WORKFORCE SERV

    Total calculated
    $845,931
    From this org
    $793,922
    From related orgs
    $0
    Other
    $52,009
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $293,438
    Bonus
    $497,936
    Other
    $2,548
    Deferred
    $27,015
    Nontaxable benefits
    $24,994
    Filer's total
    $845,931

  • JOSE CARRERAS

    VP, EDUCATION SOLUTIONS

    Total calculated
    $454,327
    From this org
    $408,239
    From related orgs
    $0
    Other
    $46,088
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $320,244
    Bonus
    $86,753
    Other
    $1,242
    Deferred
    $22,411
    Nontaxable benefits
    $23,677
    Filer's total
    $454,327

  • MICHAEL KETCHAM

    VP & CHIEF FIN OFC, TREASURER

    Total calculated
    $447,995
    From this org
    $419,443
    From related orgs
    $0
    Other
    $28,552
    Hours/week
    35 + 5 related

    Schedule J breakdown matched by us

    Base
    $344,533
    Bonus
    $71,346
    Other
    $3,564
    Deferred
    $24,185
    Nontaxable benefits
    $4,367
    Filer's total
    $447,995

  • MARY CHAPIN

    VP & CHIEF LEGAL OFC, CORP SEC

    Total calculated
    $446,954
    From this org
    $418,574
    From related orgs
    $0
    Other
    $28,380
    Hours/week
    35 + 5 related

    Schedule J breakdown matched by us

    Base
    $346,494
    Bonus
    $69,757
    Other
    $2,323
    Deferred
    $24,013
    Nontaxable benefits
    $4,367
    Filer's total
    $446,954

  • ROBERTA HYLAND

    CHIEF DATA OFFICER

    Total calculated
    $399,772
    From this org
    $351,138
    From related orgs
    $0
    Other
    $48,634
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $280,890
    Bonus
    $55,000
    Other
    $15,248
    Deferred
    $27,162
    Nontaxable benefits
    $21,472
    Filer's total
    $399,772

  • GEORGE LEVATHES

    VP, COMPLIANCE & EDUCATION

    Total calculated
    $397,081
    From this org
    $344,846
    From related orgs
    $0
    Other
    $52,235
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $281,765
    Bonus
    $49,094
    Other
    $13,987
    Deferred
    $30,500
    Nontaxable benefits
    $21,735
    Filer's total
    $397,081

  • BRIDGET SEDLOCK

    CHIEF PEOPLE OFFICER

    Total calculated
    $396,153
    From this org
    $366,713
    From related orgs
    $0
    Other
    $29,440
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $300,903
    Bonus
    $64,493
    Other
    $1,317
    Deferred
    $24,723
    Nontaxable benefits
    $4,717
    Filer's total
    $396,153

  • DOUGLAS FALK

    VP & CHIEF INFORMATION OFFICER

    Total calculated
    $375,411
    From this org
    $341,096
    From related orgs
    $0
    Other
    $34,315
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $296,776
    Bonus
    $30,000
    Other
    $14,320
    Deferred
    $6,522
    Nontaxable benefits
    $27,793
    Filer's total
    $375,411

  • DR DOUGLAS SHAPIRO

    EXECUTIVE RESEARCH DIRECTOR

    Total calculated
    $354,399
    From this org
    $322,958
    From related orgs
    $0
    Other
    $31,441
    Hours/week
    5 + 35 related

    Schedule J breakdown matched by us

    Base
    $266,201
    Bonus
    $49,099
    Other
    $7,658
    Deferred
    $29,924
    Nontaxable benefits
    $1,517
    Filer's total
    $354,399

  • CHRISTINE COLE

    DIRECTOR, SALES & BUS. DEVELOPMENT

    Total calculated
    $748,937
    From this org
    $712,073
    From related orgs
    $0
    Other
    $36,864
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $198,303
    Bonus
    $512,528
    Other
    $1,242
    Deferred
    $9,436
    Nontaxable benefits
    $27,428
    Filer's total
    $748,937

  • TROY FRIDY

    BUSINESS DEVELOPMENT EXEC

    Total calculated
    $440,724
    From this org
    $413,166
    From related orgs
    $0
    Other
    $27,558
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $130,377
    Bonus
    $280,975
    Other
    $1,814
    Deferred
    $15,210
    Nontaxable benefits
    $12,348
    Filer's total
    $440,724

  • JOHN RAMSEY

    EXEC DIR CISO

    Total calculated
    $390,793
    From this org
    $339,137
    From related orgs
    $0
    Other
    $51,656
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $284,128
    Bonus
    $53,032
    Other
    $1,977
    Deferred
    $26,108
    Nontaxable benefits
    $25,548
    Filer's total
    $390,793

  • THOMAS BURKE

    SENIOR DIRECTOR, IT

    Total calculated
    $353,166
    From this org
    $298,262
    From related orgs
    $0
    Other
    $54,904
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $262,335
    Bonus
    $33,471
    Other
    $2,456
    Deferred
    $28,149
    Nontaxable benefits
    $26,755
    Filer's total
    $353,166

  • JAMIE OSTERHAUS

    MANAGING DIRECTOR PRODUCT OPERATIONS

    Total calculated
    $326,895
    From this org
    $278,338
    From related orgs
    $0
    Other
    $48,557
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $181,947
    Bonus
    $93,436
    Other
    $2,955
    Deferred
    $20,193
    Nontaxable benefits
    $28,364
    Filer's total
    $326,895

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
  • 4b · Supplemental nonqualified retirement plan
  • 5a · Pay contingent on this organization's revenues
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 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 4B
NONQUALIFIED RETIREMENT PLAN: THE FOLLOWING OFFICER PARTICIPATED IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN 457(F): RICARDO TORRES $200,000 THIS CONTRIBUTION TO THE NONQUALIFIED RETIREMENT PLAN IS PART OF THEIR TOTAL COMPENSATION AND IS EVALUATED AS PART OF THE BOARD'S PROCEDURES RELATED TO THE REASONABLENESS OF TOTAL COMPENSATION. IT IS INCLUDED IN COLUMN(C) OF SCHEDULE J, PART II. MR. TORRES ALSO RECEIVED A DISTRIBUTION IN THE AMOUNT OF $158,612 FROM THE PLAN DURING THE CURRENT YEAR.
PART I, LINE 5
INCENTIVE BONUSES FOR CERTAIN BUSINESS DEVELOPMENT EXECUTIVES, DIRECTORS AND MANAGERS ARE PAID BASED UPON ACHIEVEMENT OF ESTABLISHED SALES ACTIVITY OR PROGRAM REVENUE GOALS. SALES AND REVENUE GOALS ARE ESTABLISHED ANNUALLY. ON A QUARTERLY BASIS, THE ACTUAL SALES ACTIVITY AND PROGRAM SERVICE REVENUE TOTALS ARE COMPARED TO THE GOALS, AND THE INCENTIVE PAYMENT IS CALCULATED AND PAID IN ACCORDANCE WITH THE INCENTIVE AGREEMENT. ALL INCENTIVE PROGRAMS ARE REVIEWED BY THE RESPONSIBLE SENIOR EXECUTIVE WITH SUPPORT BY FINANCE, HUMAN RESOURCES AND LEGAL AS APPROPRIATE.
PART I, LINE 7
BONUS AWARDS: BONUSES ARE PAID BASED ON COMPLETION OF GOALS. THE CEO WORKS JOINTLY WITH EACH EXECUTIVE TO SET ANNUAL GOALS. THE EXECUTIVE PREPARES AN ASSESSMENT OF HIS OR HER PERFORMANCE AGAINST THOSE GOALS AT THE END OF THE PERFORMANCE YEAR. THIS ASSESSMENT IS PROVIDED TO THE CEO WHO THEN EVALUATES PERFORMANCE AGAINST THOSE GOALS. THE CEO PRESENTS A RECOMMENDATION TO THE BOARD REGARDING SALARY INCREASE AND BONUS FOR EACH EXECUTIVE FOR THE BOARD TO REVIEW AND APPROVE PRIOR TO PAYMENT, BASED ON THE ASSESSMENT OF PERFORMANCE RELATIVE TO THE SET GOALS. THE VALUE OF ANY BONUSES OR PAY INCREASES ARE EVALUATED AS PART OF THE INDIVIDUAL'S TOTAL COMPENSATION PACKAGE FOR REASONABLENESS BY THE BOARD OF DIRECTORS.

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

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.

Provenance

Return type
form_990
Tax year
2022
Filed
9 September 2024
IRS schema version
2022v5.0
Source object
202422539349300942

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

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