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Nonprofiteer
← CECU RESEARCH FOUNDATION

Form 990 for tax year 2024

Filed by CECU RESEARCH FOUNDATION.

Totals

Total revenue
$697,334
Total expenses
$294,703
Contributions and grants received
$674,340
Grants paid
$0
Program service revenue
$0
Investment income
$22,994
Other revenue
$0
Total assets, end of year
$1,328,610
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$1,328,610
Program services expenses (Part IX)
$294,087
Management and general expenses
$616
Fundraising expenses
$0
Program service expenses (Part III)
$294,087

Program services were 99.8% 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

    $674,340

  • 3 · Investment income

    total $22,994 · excluded $22,994

Functional expenses

Part IX, the statement of functional expenses.

  • 11f · Fees: investment management

    total $300 · management and general $300

  • 13 · Office expenses

    total $116 · management and general $116

  • 24a · Other expenses: RESEARCH

    total $294,087 · program services $294,087

  • 24b · Other expenses: OTHER

    total $200 · management and general $200

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $285,967 · end of year $805,634

  • 4 · Accounts receivable

    beginning of year $150,000 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $500,282 · end of year $522,976

  • 17 · Accounts payable and accrued expenses

    beginning of year $10,270 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $925,979 · end of year $655,270

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $673,340

Mission and programs · 2024

Mission

TO PROMOTE THE CHARITABLE ACTIVITIES OF CAREER EDUCATION COLLEGES AND UNIVERSITIES, AN INTERNAL REVENUE CODE SECTION 501(C)(6) ORGANIZATION, BY SUPPORTING BOTH ORGANIZATIONS AND RESEARCH THAT ADVANCE THE CAUSE OF CAREER EDUCATION AND QUALITY HIGHER EDUCATION OPPORTUNITIES TO STUDENTS.

Activities or mission (Part I)

TO SUPPORT AND PROMOTE EVIDENCE-BASED RESEARCH TO IMPROVE HIGHER EDUCATION, PARTICULARLY CAREER AND TECHNICAL EDUCATION.

  • TO SUPPORT CAREER EDUCATION COLLEGES AND UNIVERSITIES BY ENGAGING IN AND SUPPORTING RESEARCH AND EDUCATION WITH RESPECT TO METHODOLOGIES, STRATEGIES, AND IMPROVEMENT OF OUTCOMES IN POST-SECONDARY CAREER EDUCATION.

    Expenses $294,087

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

Listed in Part VII

  • Julie Basler

    CHAIR

    Total calculated
    $0
    Hours/week
    1
  • Michelle Edwards

    VICE-CHAIR

    Total calculated
    $0
    Hours/week
    1
  • Jordan Utley

    TREASURER

    Total calculated
    $0
    Hours/week
    1
  • Brooke Baran

    SECRETARY

    Total calculated
    $0
    Hours/week
    1
  • Mary Cano

    MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Valerie Cimarossa

    MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Bill Kohlhoff

    MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Ragheb Milad

    MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Alyssa Perry

    MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Riley Burr

    EXECUTIVE DIRECTOR

    Total calculated
    $0
    Hours/week
    4 + 33 related
  • Deepti Taneja

    CHIEF ADMINISTRATIVE OFFICER

    Total calculated
    $248,579
    From this org
    $0
    From related orgs
    $187,767
    Other
    $60,812
    Hours/week
    4 + 37.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $182,767 related
    Bonus
    $0 + $5,000 related
    Other
    $0
    Deferred
    $0 + $28,251 related
    Nontaxable benefits
    $0 + $32,561 related
    Filer's total
    $0 + $248,579 related
  • Jason Altmire

    CEO/PRESIDENT

    Total calculated
    $636,469
    From this org
    $0
    From related orgs
    $573,363
    Other
    $63,106
    Hours/week
    4 + 37.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $498,363 related
    Bonus
    $0 + $75,000 related
    Other
    $0
    Deferred
    $0 + $20,330 related
    Nontaxable benefits
    $0 + $42,776 related
    Filer's total
    $0 + $636,469 related

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

None.

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.

Provenance

Return type
form_990
Tax year
2024
Filed
8 May 2026
IRS schema version
2024v5.5
Source object
202611319349301776

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