Overview
What is Business - Higher Education Forum?
The Business-Higher Education Forum (BHEF) is a membership organization based in Washington D.C., specifically at ONE DUPONT CIRCLE 360. Its primary mission is to foster innovation and address the challenges in America's education and workforce sectors. BHEF serves as a bridge between higher education institutions and the workforce, helping corporate executives and university presidents anticipate skill requirements and improve the connection between education and employment. By connecting with BHEF, members and strategic partners can identify emerging high-value skills, develop swift talent sourcing pathways, and engage in action-oriented forums and collaborations. The organization has a modest team of 11 employees dedicated to achieving these goals.
Official website here: www.bhef.com
What are the reviews and ratings of this charity?
82% rating from Charity Navigator indicates that Business - Higher Education Forum has achieved a Three-Star out of Four Star rating, reflecting a solid level of accountability and finance management. The score is based entirely on the Accountability & Finance beacon, which emphasizes the charity's adherence to financial transparency and governance practices.
The organization excels in several areas, including having a fully independent board and a strong audit and oversight committee. It has a comprehensive set of policies in place, such as a conflict of interest policy and a whistleblower policy, contributing to its high marks in governance. Additionally, the organization demonstrates effective program expenditure, with 69.25% of expenses going directly towards its programs.
However, there are some limitations, particularly in financial ratios. The organization faces challenges with its liabilities to assets ratio and fundraising efficiency, which scored lower than ideal. These factors may indicate potential concerns regarding financial sustainability and resource mobilization, which are crucial for ongoing operations and impact.
This AI summary has been generated from information found on Charity Navigator.
Is Business - Higher Education Forum legitimate?
Business - Higher Education Forum is a legitimate nonprofit organization registered as a 501(c)(3) entity. Business - Higher Education Forum submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $281,151
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,421,681
For more financial information, click here
Official website here: www.bhef.com
What is the mission statement of Business - Higher Education Forum?
The Business-Higher Education Forum, a membership organization, is dedicated to advancing innovative solutions to the education and workforce challenges in the United States. Comprised of corporate and university executive leaders, the forum's primary goal is to foster connections between higher education institutions and the workforce, aiding employers in filling high-demand roles. By anticipating skills needs and enhancing pathways between higher education and the workforce, this organization strives to assist its members and strategic partners in identifying high-value emerging skills, developing swift talent sourcing pathways, and leading action-oriented forums and partnerships.
Official website here: www.bhef.com
Who is the CEO of Business - Higher Education Forum?
Brian K Fitzgerald is the CEO of Business - Higher Education Forum The CEO's salary of Business - Higher Education Forum is $324,199 and their total compensation is $358,089.
Official website here: www.bhef.com
What is the revenue of Business - Higher Education Forum?
Business - Higher Education Forum's revenue in 2023 was $2,265,691.
Official website here: www.bhef.com
Who are the executives of Business - Higher Education Forum and what are their salaries?
The average compensation at Business - Higher Education Forum during 2023 was $154,803. There are 11 employees and 17 volunteers at Business - Higher Education Forum.
Here are 23 key members and their salaries (Business - Higher Education Forum's CEO's salary is $324,199 and their total compensation is $358,089):
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- Compensation: $324,199
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- Compensation: $130,833
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- Other: $16,227
Official website here: www.bhef.com
Where can I find the form 990 for Business - Higher Education Forum?
Business - Higher Education Forum's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.bhef.com
Learn more at the official website: www.bhef.com
Mission Statement of Business - Higher Education Forum
The Business-Higher Education Forum, a membership organization, is committed to advancing innovative solutions to the education and workforce challenges facing America. Comprising executive leaders from corporations and universities, this organization aims to establish connections between higher education institutions and the workforce. Its mission is to help employers fill high-demand roles by anticipating skills needs and enhancing the pathways between higher education and the workforce. The Business-Higher Education Forum serves as a platform for corporate executives and university presidents to collaborate, identify emerging high-value skills, and develop strategies to quickly source this talent. The organization also facilitates action-oriented forums and partnerships, fostering an environment that supports its members in their efforts to improve the alignment between higher education and the workforce.
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Impact
October, 2024
The Business - Higher Education Forum (BHEF) has a significant impact on bridging the gap between higher education and the workforce. By fostering collaboration among corporate and university leadership, BHEF actively addresses the skills gaps that exist in various industries. This is accomplished through identifying emerging skills and trends, which helps educational institutions adjust their curricula and programs to meet the evolving demands of the job market.
BHEF's efforts lead to the development of effective pathways that connect students with high-demand roles, facilitating smoother transitions from education to employment. Through in-person meetings, communications, and strategic partnerships, BHEF enhances member awareness of industry needs and cultivates an environment where businesses can find qualified talent efficiently.
Moreover, BHEF's action-oriented forums and collaborative initiatives encourage continuous dialogue about workforce challenges and innovation solutions, ultimately contributing to a more skilled workforce that meets the specific needs of employers. This ensures that graduates are not only equipped with relevant knowledge but also readily prepared to thrive in today’s competitive job landscape.
This information is meant to be a general summary of Business - Higher Education Forum. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $19,153
- Program Service Revenue: $1,014,138
- Gross Receipts: $2,628,875
Assets and Liabilities:
- Total Assets: $2,129,134
- Total Liabilities: $665,867
- Net Assets: $1,463,267
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP DUES
Revenue
$1,014,138
Organization Details
Founding Year
2004
Principal Officer
Brian K Fitzgerald
Website
www.bhef.comNTEE Category
Code: B05 - Education
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