Overview
What is Ascendium Education Group Inc?
Ascendium Education Group Inc is a nonprofit organization based in Madison, Wisconsin, with a total workforce of 112. They primarily exist to support and benefit Ascendium Education Solutions Inc. Ascendium Education Solutions, in turn, functions as a national grantmaker, a federal student loan guaranty agency, and a provider of student success services. Their mission encompasses increasing access to and fostering success in postsecondary education for a broader population.
Official website here: www.ascendiumeducation.org
What are the reviews and ratings of this charity?
Charity Navigator rating: 96%, Four-Star out of Four Star rating.
Ascendium Education Group Inc has achieved an impressive 96% rating, indicating strong performance in accountability and finance. The organization operates with a fully independent board, with 90% of its members being independent, which enhances its governance and decision-making processes. The nonprofit demonstrates a solid commitment to transparency, as evidenced by its comprehensive policies on conflicts of interest, whistleblower protections, and document retention.
The organization’s financial health is notable, with a program expense ratio of 85.62%, reflecting its dedication to utilizing funds for its core mission. Additionally, Ascendium has a low liabilities to assets ratio of just 0.22%, suggesting a stable financial position and responsible management of resources. Its fiscal practices, including regular audits and oversight by an audit committee, further bolster confidence in its financial integrity.
While the data presents an overwhelmingly positive picture of Ascendium Education Group Inc, potential donors and stakeholders should consider the importance of ongoing performance evaluation and engagement with the organization to ensure it remains aligned with its mission and responsive to the communities it serves.
This AI summary has been generated from information found on Charity Navigator.
Is Ascendium Education Group Inc legitimate?
Ascendium Education Group Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ascendium Education Group Inc 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: $4,352,991
Professional Fundraising Fees: $0
Other Salaries and Wages: $9,079,494
For more financial information, click here
Official website here: www.ascendiumeducation.org
What is the mission statement of Ascendium Education Group Inc?
Ascendium Education Group Inc serves to support and benefit Ascendium Education Solutions Inc, with a focus on enhancing access to and success in post-secondary education. Acting as a national grantmaker, a federal student loan guaranty agency, and a provider of student success services, Ascendium Education Group strives to make education more accessible and successful for individuals. Their mission encompasses expanding opportunities for learners through various means.
Official website here: www.ascendiumeducation.org
What is the revenue of Ascendium Education Group Inc?
Ascendium Education Group Inc's revenue in 2023 was $78,403,388.
Official website here: www.ascendiumeducation.org
Who are the executives of Ascendium Education Group Inc and what are their salaries?
The average compensation at Ascendium Education Group Inc during 2023 was $114,808. There are 117 employees at Ascendium Education Group Inc.
Here are 25 key members and their salaries:
- Compensation: $859,566
- Related: $0
- Other: $56,216
- Compensation: $9,700
- Related: $9,700
- Other: $0
- Compensation: $9,700
- Related: $9,700
- Other: $0
- Compensation: $17,200
- Related: $0
- Other: $0
- Compensation: $19,400
- Related: $0
- Other: $0
- Compensation: $9,700
- Related: $9,700
- Other: $0
- Compensation: $9,700
- Related: $9,700
- Other: $0
- Compensation: $11,900
- Related: $11,900
- Other: $0
- Compensation: $23,800
- Related: $0
- Other: $0
- Compensation: $10,800
- Related: $10,800
- Other: $0
- Compensation: $23,800
- Related: $0
- Other: $0
- Compensation: $288,046
- Related: $0
- Other: $56,272
- Compensation: $253,606
- Related: $0
- Other: $48,540
- Compensation: $419,711
- Related: $0
- Other: $51,905
- Compensation: $0
- Related: $314,735
- Other: $53,430
- Compensation: $210,760
- Related: $0
- Other: $29,812
- Compensation: $251,257
- Related: $0
- Other: $33,598
- Compensation: $235,078
- Related: $0
- Other: $42,574
- Compensation: $299,538
- Related: $0
- Other: $54,170
- Compensation: $177,767
- Related: $0
- Other: $33,519
- Compensation: $187,930
- Related: $0
- Other: $23,561
- Compensation: $149,116
- Related: $0
- Other: $44,132
- Compensation: $168,311
- Related: $0
- Other: $42,322
- Compensation: $155,382
- Related: $0
- Other: $23,517
- Compensation: $194,043
- Related: $0
- Other: $19,462
Official website here: www.ascendiumeducation.org
Where can I find the form 990 for Ascendium Education Group Inc?
Ascendium Education Group Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.ascendiumeducation.org
Learn more at the official website: www.ascendiumeducation.org
Mission Statement of Ascendium Education Group Inc
Ascendium Education Group, Inc. plays a crucial role in bolstering Ascendium Education Solutions, Inc. (Solutions) as a leading national grantmaker, a federal student loan guaranty agency, and a provider of student success services. In essence, Ascendium Education Group functions as a supportive partner to Solutions, enabling it to expand access to and enhance the achievement of post-secondary education for a multitude of students. The organization's mission is geared toward fostering a more inclusive education landscape, providing essential resources and services that empower students to overcome barriers and reach their academic goals. By working in close collaboration with Solutions, Ascendium Education Group, Inc. strives to create a robust ecosystem that ensures students have access to the resources they need to succeed in their post-secondary pursuits.
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Impact
October, 2024
Ascendium Education Group Inc. plays a significant role in enhancing access to and success in postsecondary education across the United States. By operating in tandem with Ascendium Education Solutions Inc., it serves as a national grantmaker and a federal student loan guaranty agency. Its initiatives aim to provide essential financial resources and support services that empower students to navigate the complexities of higher education.
Through its grantmaking activities, Ascendium Education Group Inc. funds programs and initiatives that foster educational equity and innovation, helping to remove barriers for students who may face challenges in pursuing postsecondary education. Additionally, as a student loan guarantor, it ensures that borrowers have reliable avenues for financing their education, thereby contributing to a more inclusive educational landscape.
Furthermore, the organization offers student success services that are designed to support learners throughout their educational journeys, from enrollment to graduation. This comprehensive approach not only enhances individual student outcomes but also strengthens the overall higher education system.
Overall, Ascendium Education Group Inc. significantly impacts the educational ecosystem by promoting access, increasing student success, and advocating for equitable educational opportunities.
This information is meant to be a general summary of Ascendium Education Group Inc. 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: $80,483,786
- Program Service Revenue: $1,186,288
- Gross Receipts: $134,909,658
Assets and Liabilities:
- Total Assets: $2,599,459,075
- Total Liabilities: $5,887,995
- Net Assets: $2,593,571,080
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Contracted Revenue Share
Revenue
$1,186,288
Organization Details
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