- Revenue 2024
- $10,727,431
- Expenses 2024
- $6,628,780
Program services were 74.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
As filed
- Subsection
- 03
- NTEE code
- B820
- Classification
- 1000
- Street
- PO BOX 82507
These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).
Other organizations at this address
1 other organization in the IRS Business Master File lists the same street address. matched by us
We match the street line and ZIP code as the IRS gives them, ignoring case and outer spaces and nothing else, so "AVE" and "AVENUE" count as different streets and this list can miss some. A shared address can mean related organizations or a shared office, but it can also be a registered agent, a mail drop or a service provider holding mail for unrelated clients. It is not, by itself, evidence that two organizations are connected.
-
INCEPTIA
EIN 92-0907062
Mission and programs · 2024
Mission
TO BE A DEFINITIVE VOICE IN HIGHER EDUCATION AND STUDENT SUCCESS. POISED TO ENLIGHTEN, GUIDE AND SUPPORT HIGHER EDUCATION AND ITS STAKEHOLDERS IN THEIR MISSION.
-
THE ORGANIZATION SERVES AS A GUARANTEE AGENCY UNDER THE FEDERAL FAMILY EDUCATION LOAN PROGRAM (FFELP), AS APPROVED BY THE DEPARTMENT OF EDUCATION.
Expenses $4,957,942 · Revenue $1,580,236
As filed on the 2024 return.
Officers and directors · 2024
As listed in Part VII of the 2024 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.
-
David A MacoubrieDAVID A MACOUBRIE
CEO/PRESIDENT
- Total calculated
- $421,639
- From this org
- $183,798
- From related orgs
- $183,797
- Other
- $54,044
- Hours/week
- 20 + 20 related
Schedule J breakdown matched by us
- Base
- $149,526 + $149,526 related
- Bonus
- $26,542 + $26,541 related
- Other
- $7,730 + $7,730 related
- Deferred
- $18,113 + $18,113 related
- Nontaxable benefits
- $8,909 + $8,909 related
- Filer's total
- $210,820 + $210,819 related
-
Richard VierkRICHARD VIERK
CHAIR
- Total calculated
- $35,800
- From this org
- $17,900
- From related orgs
- $17,900
- Other
- $0
- Hours/week
- 3 + 3 related
-
Kimberly RusselKIMBERLY RUSSEL
DIRECTOR (THRU 12/2024)
- Total calculated
- $11,500
- From this org
- $5,750
- From related orgs
- $5,750
- Other
- $0
- Hours/week
- 1 + 1 related
-
Guy SaundersGUY SAUNDERS
DIRECTOR
- Total calculated
- $12,750
- From this org
- $6,375
- From related orgs
- $6,375
- Other
- $0
- Hours/week
- 1 + 1 related
-
Anthony GoinsANTHONY GOINS
DIRECTOR
- Total calculated
- $11,500
- From this org
- $5,750
- From related orgs
- $5,750
- Other
- $0
- Hours/week
- 1 + 1 related
-
Joseph KnechtJOSEPH KNECHT
DIRECTOR
- Total calculated
- $12,500
- From this org
- $6,250
- From related orgs
- $6,250
- Other
- $0
- Hours/week
- 1 + 1 related
-
David LechnerDAVID LECHNER
DIRECTOR (AS OF 06/10/2024)
- Total calculated
- $6,500
- From this org
- $3,250
- From related orgs
- $3,250
- Other
- $0
- Hours/week
- 1 + 1 related
-
Jill M HicksJILL M HICKS
CFO/SEC & TREAS
- Total calculated
- $362,914
- From this org
- $159,017
- From related orgs
- $159,017
- Other
- $44,880
- Hours/week
- 20 + 20 related
Schedule J breakdown matched by us
- Base
- $130,004 + $130,004 related
- Bonus
- $27,508 + $27,508 related
- Other
- $1,505 + $1,505 related
- Deferred
- $17,829 + $17,829 related
- Nontaxable benefits
- $4,611 + $4,611 related
- Filer's total
- $181,457 + $181,457 related
-
William Leonard KohlWILLIAM LEONARD KOHL
SENIOR VP PORTFOLIO MANAGEMENT
- Total calculated
- $278,120
- From this org
- $112,039
- From related orgs
- $112,039
- Other
- $54,042
- Hours/week
- 20 + 20 related
Schedule J breakdown matched by us
- Base
- $89,908 + $89,908 related
- Bonus
- $19,345 + $19,345 related
- Other
- $2,786 + $2,786 related
- Deferred
- $16,042 + $16,042 related
- Nontaxable benefits
- $10,979 + $10,979 related
- Filer's total
- $139,060 + $139,060 related
-
Michael Jay LubbenMICHAEL JAY LUBBEN
SVP BUSINESS DEV. (THRU 04/24)
- Total calculated
- $398,480
- From this org
- $0
- From related orgs
- $366,545
- Other
- $31,935
- Hours/week
- 0 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $71,544 related
- Bonus
- $0
- Other
- $0 + $295,001 related
- Deferred
- $0 + $22,996 related
- Nontaxable benefits
- $0 + $8,939 related
- Filer's total
- $0 + $398,480 related
-
Susan Kay DowningSUSAN KAY DOWNING
SENIOR VP MARKETING
- Total calculated
- $298,741
- From this org
- $0
- From related orgs
- $243,918
- Other
- $54,823
- Hours/week
- 0 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $199,401 related
- Bonus
- $0 + $42,557 related
- Other
- $0 + $1,960 related
- Deferred
- $0 + $28,984 related
- Nontaxable benefits
- $0 + $25,839 related
- Filer's total
- $0 + $298,741 related
-
Deana Marie UngerDEANA MARIE UNGER
VP OPERATIONS
- Total calculated
- $262,819
- From this org
- $0
- From related orgs
- $234,537
- Other
- $28,282
- Hours/week
- 0 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $192,981 related
- Bonus
- $0 + $39,896 related
- Other
- $0 + $1,660 related
- Deferred
- $0 + $27,953 related
- Nontaxable benefits
- $0 + $329 related
- Filer's total
- $0 + $262,819 related
-
Adam DavyADAM DAVY
VP BUSINESS DEV (AS OF 07/24)
- Total calculated
- $78,973
- From this org
- $0
- From related orgs
- $68,544
- Other
- $10,429
- Hours/week
- 0 + 40 related
-
Deann KorinekDEANN KORINEK
SR. DIR FINANCE
- Total calculated
- $160,605
- From this org
- $53,602
- From related orgs
- $53,603
- Other
- $53,400
- Hours/week
- 20 + 20 related
Schedule J breakdown matched by us
- Base
- $48,446 + $48,446 related
- Bonus
- $4,197 + $4,197 related
- Other
- $959 + $960 related
- Deferred
- $13,958 + $13,958 related
- Nontaxable benefits
- $12,742 + $12,742 related
- Filer's total
- $80,302 + $80,303 related
-
Brenda SiselBRENDA SISEL
AVP ACCOUNTING/FINANCE
- Total calculated
- $167,286
- From this org
- $61,398
- From related orgs
- $61,398
- Other
- $44,490
- Hours/week
- 20 + 20 related
Schedule J breakdown matched by us
- Base
- $55,407 + $55,407 related
- Bonus
- $5,497 + $5,497 related
- Other
- $494 + $494 related
- Deferred
- $8,716 + $8,716 related
- Nontaxable benefits
- $13,529 + $13,529 related
- Filer's total
- $83,643 + $83,643 related
-
Timothy RoethigTIMOTHY ROETHIG
AVP OPERATIONS-CONTACT CENTER
- Total calculated
- $180,802
- From this org
- $106,871
- From related orgs
- $26,717
- Other
- $47,214
- Hours/week
- 32 + 8 related
Schedule J breakdown matched by us
- Base
- $96,725 + $24,181 related
- Bonus
- $8,056 + $2,014 related
- Other
- $2,090 + $522 related
- Deferred
- $21,195 + $5,299 related
- Nontaxable benefits
- $16,576 + $4,144 related
- Filer's total
- $144,642 + $36,160 related
-
Randall Scott HeesackerRANDALL SCOTT HEESACKER
FORMER CEO (THRU 10/2023)
- Total calculated
- $426,408
- From this org
- $426,408
- From related orgs
- $0
- Other
- $0
- Hours/week
- 0
Schedule J breakdown matched by us
- Base
- $0
- Bonus
- $0
- Other
- $426,408
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $426,408
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. Earlier years are each on their own filing page.
Filings
-
2024
- Revenue
- $10,727,431
- Expenses
- $6,628,780
- Contributions
- $8,345,910
- Grants paid
- $0
-
2023
- Revenue
- $14,989,493
- Expenses
- $47,451,308
- Contributions
- $0
- Grants paid
- $40,008,683
-
2022
- Revenue
- $37,048,540
- Expenses
- $220,697,432
- Contributions
- $0
- Grants paid
- $202,962,628
The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.
Other returns filed
-
2021 · 990
- Revenue
- $45,453,979
- Expenses
- $19,953,551
- Assets (EOY)
- $230,624,169
-
2020 · 990
- Revenue
- $25,047,310
- Expenses
- $21,335,512
- Assets (EOY)
- $236,203,321
-
2019 · 990
- Revenue
- $25,434,100
- Expenses
- $28,705,497
- Assets (EOY)
- $231,049,264
-
2018 · 990
- Revenue
- $36,382,514
- Expenses
- $34,097,248
- Assets (EOY)
- $239,595,762
-
2017 · 990
- Revenue
- $47,959,672
- Expenses
- $40,483,099
- Assets (EOY)
- $239,135,718
-
2016 · 990
- Revenue
- $61,125,472
- Expenses
- $45,648,945
- Assets (EOY)
- $234,226,622
-
2015 · 990
- Revenue
- $59,121,672
- Expenses
- $45,920,368
- Assets (EOY)
- $223,521,551
-
2014 · 990
- Revenue
- $88,792,762
- Expenses
- $62,330,293
- Assets (EOY)
- $210,679,237
-
2013 · 990
- Revenue
- $70,622,557
- Expenses
- $56,269,538
- Assets (EOY)
- $184,031,802
-
2012 · 990
- Revenue
- not reported
- Expenses
- $63,981,282
- Assets (EOY)
- $173,847,372
Nonprofiteer parses Forms 990, 990-EZ and 990-PF, in a window of recent tax years. These returns are recorded from the IRS e-file index, so their figures were extracted by that index rather than read from the return here — treat them as a different source from the filings above, not as more of the same record. A dash means the index carries no figure; Form 990-T listings carry none at all. Showing the 10 most recent; the API carries the rest.
Grants made
-
$43,000,000
2022 CASH GRANT TO SUBSIDIARY ORGANIZATION INCEPTIA 9/19/23
-
$40,000,000
2023 CASH & EQUITY INVESTMENT GRANT TO SUBSIDIARY ORGANIZATION INCEPTIA 9/30/24
-
$0
2022 GRANT TO SUBSIDIARY ORGANIZATION INCEPTIA 9/11/23
-
$0
2022 GRANT TO SUBSIDIARY ORGANIZATION INCEPTIA 9/7/23
-
$0
2022 GRANT TO SUBSIDIARY ORGANIZATION INCEPTIA 7/1/23
Grants received
No itemized grant names this organization as a recipient. Only grants over $5,000 are itemized, and only by filers of the full Form 990.
Related organizations
From Schedule R Part II, where a filer lists the tax-exempt organizations it is related to by control. It does not record shared board members or money.
Declared on its 2024 return
-
FOUNDATION FOR EDUCATIONAL SERVICES INC
501(C)(3) · SUPPORTING ORG · NE
-
501(C)(3) · EDU SUPPORT · NE
-
501(C)(3) · STUDENT FINANCIAL AID SUPPORT · NE · controlled entity
Declared as related by
-
FOUNDATION FOR EDUCATIONAL SERVICES INC
On its 2024 return
-
On its 2024 return
Other IRS files
Auto-Revocation List
Not listed. The IRS publishes this list for organizations whose exemption was automatically revoked for failing to file for three consecutive years.
Publication 78
Listed as of 13 October 2026, under deductibility PC.
These are two separate IRS files on two separate schedules, shown as published and not reconciled with each other. Neither is a statement about whether a contribution is deductible today: 19,245 organizations appear in Publication 78 while the IRS's own revocation file lists them as currently revoked, more than half of those revoked before 2019. Absence from Publication 78 is evidence of nothing, and presence is not evidence either. Verify current status with the IRS before relying on it.
What this page reflects
The registration facts above come from the IRS Business Master File published 13 October 2026 and read 1 November 2026, for every organization at once. Returns through tax year 2024, the newest we have parsed for this organization.