Overview
What is Midwestern Higher Education Compact?
The Midwestern Higher Education Compact (MHEC) is a collaborative nonprofit organization based in Minneapolis, Minnesota. Its primary objective is to connect and empower the 13 member states in the Midwest, fostering knowledge exchange, idea sharing, and joint pursuit of initiatives that enhance higher education. This collaborative spirit leads to various programs and activities, resulting in diverse outcomes such as disseminating practical solutions and leveraging collective purchasing power for efficiencies and savings. One of MHEC's significant initiatives is the Multi-State Collaborative on Military Credit (MCMC), which aims to facilitate the transition of military-connected individuals into postsecondary education. This involves translating military competencies into educational milestones, thereby easing the path to completing a degree or obtaining a certificate or license. In the fiscal year 2022, MCMC organized four webinars, attracting approximately 1,852 participants. MHEC also expanded the Graduate Credit Quest, a web-based platform designed to assist teachers in finding graduate coursework aligned with their teaching credentials for dual or concurrent credit classes. The platform provides information about policies and practices related to dual credit and concurrent enrollment for all 12 MHEC member states, serving as a repository for research publications, professional papers, and media releases on this topic. Enhancements in 2022 included improved communication and tracking capabilities, enabling teachers to accelerate their credentialing efforts. The Graduate Credit Quest now allows over 25 regional graduate schools to promote their unique course offerings to teachers, offering access to specific enrollment processes and delivery modalities. As a result, teacher user counts have doubled, and coordinator counts are on the rise, with outreach efforts being implemented through webinars, conference presentations, and direct communication with university users. The platform currently hosts colleges and universities from 11 of the 12 MHEC member states. In summary, MHEC is a Midwestern collaborative committed to improving higher education by fostering best practices, collaboration, and cost-sharing opportunities. Its initiatives aim to provide strong, equitable postsecondary educational opportunities, contributing to the thriving of people and communities.
Official website here: www.mhec.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92% (Four-Star out of Four Stars) from Charity Navigator
The Midwestern Higher Education Compact (MHEC) has received a commendable Four-Star rating from Charity Navigator, reflecting a strong focus on accountability and finance. This rating is significant as it indicates the organization's commitment to transparency and responsible financial management, which is vital for building trust with donors and stakeholders.
MHEC excels in various measures of accountability, scoring full points in areas such as independent board membership and financial audits. With 100% of its board members being independent and maintaining strong financial health, evidenced by low liabilities and a high program expense ratio, the organization demonstrates effective governance and a focus on its mission.
While the data primarily highlights MHEC's financial strengths, it does not delve into the qualitative aspects of its programs or community impact. Potential donors may want to consider looking for additional information regarding the effectiveness of its initiatives and the tangible outcomes of its work in higher education.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Midwestern Higher Education Compact?
100% of reviewers on Facebook recommend the Midwestern Higher Education Compact. Here is a summary of their reviews:
All five reviews express high satisfaction with the services offered by the organization. Users find the initiatives engaging and appear to appreciate the impact on higher education in the Midwest. The glowing recommendations suggest that the nonprofit effectively meets the needs of its constituents and fosters a positive environment for educational collaboration.
Overall, it seems that the Midwestern Higher Education Compact is well-regarded and successfully delivers on its mission to enhance educational opportunities within the region.
This AI summary has been generated from reviews found on Facebook.
Is Midwestern Higher Education Compact legitimate?
Midwestern Higher Education Compact is a legitimate nonprofit organization registered as a 501(c)(3) entity. Midwestern Higher Education Compact 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: $593,001
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,318,689
For more financial information, click here
Official website here: www.mhec.org
What is the mission statement of Midwestern Higher Education Compact?
The Midwestern Higher Education Compact, a collaborative body of midwestern states, aims to enhance and ensure equitable postsecondary educational opportunities and outcomes for all. By bringing together its member states, it facilitates the exchange of expertise, sharing of ideas, and collective pursuit of initiatives that advance higher education. The Compact addresses the region's challenges in higher education, aiming to transform educational opportunities for the betterment of individuals and communities.
One of its major initiatives is the Multi-State Collaborative on Military Credit (MCMC), which aims to make the transition of military-connected individuals to postsecondary education smoother by translating military competencies into educational milestones. In FY22, MCMC organized four webinars with approximately 1,852 participants.
The Compact also expanded the Graduate Credit Quest, a web-based platform that helps teachers find graduate coursework aligned with their content areas and credentialing requirements. This platform, enhanced in 2022, now enables over 25 regional graduate schools to communicate with teachers about specific course offerings, enrollment processes, and more.
In summary, the Midwestern Higher Education Compact collaborates to address higher education challenges, transform opportunities, and empower its member states to work together towards a better future for education.
Official website here: www.mhec.org
What is the revenue of Midwestern Higher Education Compact?
Midwestern Higher Education Compact's revenue in 2024 was $9,929,448.
Official website here: www.mhec.org
Who are the executives of Midwestern Higher Education Compact and what are their salaries?
The average compensation at Midwestern Higher Education Compact during 2024 was $100,615. There are 19 employees and 68 volunteers at Midwestern Higher Education Compact.
Here are 75 key members and their salaries:
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Official website here: www.mhec.org
Where can I find the form 990 for Midwestern Higher Education Compact?
Midwestern Higher Education Compact's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.mhec.org
Learn more at the official website: www.mhec.org
Mission Statement of Midwestern Higher Education Compact
The Midwestern Higher Education Compact, a collaborative effort involving several midwestern states, is dedicated to enhancing and promoting best practices in higher education. Its mission is to foster collaboration, exchange expertise, and share experiences among the member states with the objective of ensuring equitable and strong postsecondary educational opportunities for all. By working together, the Compact aims to address the region's most pressing challenges in higher education, ultimately contributing to the thriving of individuals and communities.
In pursuit of this mission, the Midwestern Higher Education Compact actively engages its member states in various initiatives. These initiatives range from knowledge dissemination and the leveraging of collective purchasing power for efficiencies and savings, to the advancement of best practices in areas such as military credit translation. One of its notable collaborative efforts is the Multi-State Collaborative on Military Credit (MCMC), which brings together 13 midwestern states to ease the transition of military-connected individuals to postsecondary education. The Compact also provides a platform, Graduate Credit Quest, for teachers to search for graduate coursework that meets credentialing requirements for teaching dual or concurrent credit classes, thereby enabling teachers to comply with these requirements more efficiently.
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Impact
July, 2024
The Midwestern Higher Education Compact plays a crucial role in convening and collaborating among midwestern states to develop and support best practices, collaboration efforts, and cost-sharing opportunities in higher education. Through its various programs and activities, MHEC aims to ensure strong, equitable postsecondary educational opportunities and outcomes for all students in the region.
One significant impact of MHEC is the Multi-State Collaborative on Military Credit (MCMC), which helps ease the transition of military-connected individuals to postsecondary education by translating competencies acquired through military training into college credit. This collaborative effort spans across 13 states and has produced webinars that have engaged a significant number of participants.
Additionally, MHEC's Graduate Credit Quest platform provides valuable resources for teachers seeking graduate coursework in dual or concurrent credit areas. This platform not only connects teachers with relevant courses but also helps them track their progress towards credentialing requirements. The platform's enhancements have led to increased engagement from both teachers and campus coordinators, further supporting the mission of strengthening educational opportunities in the region.
Overall, MHEC's impact lies in its ability to foster collaboration, share knowledge and best practices, and drive efficiencies in higher education across the midwestern states, ultimately working towards transforming educational opportunities for the betterment of communities and individuals.
This information is meant to be a general summary of Midwestern Higher Education Compact. 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 2024.
- Investment Income: $355,135
- Program Service Revenue: $7,869,553
- Gross Receipts: $9,929,448
Assets and Liabilities:
- Total Assets: $6,708,923
- Total Liabilities: $1,227,799
- Net Assets: $5,481,124
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TECHNOLOGY CONTRACTS
Revenue
$6,834,276
SERVICE FEES
Revenue
$1,035,277
Organization Details
Founding Year
1991
Principal Officer
Susan Heegaard
Website
www.mhec.orgNTEE Category
Code: V20Z - Social research
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