Overview
What is Ascendium Education Solutions Inc?
Ascendium Education Solutions Inc is a Madison, Wisconsin-based nonprofit organization with a mission to broaden access to and success in post-secondary education. They operate as a national grantmaker, a federal student loan guarantee agency, and a provider of student success services. By offering full-range guarantee agency services and grant support to funding sources, educational institutions, charitable organizations, and others, Ascendium enables cost-effective access to and persistence in post-secondary education in accordance with the Federal Higher Education Act of 1965. With a team of 159 employees, they are dedicated to enhancing opportunities for individuals to pursue higher education.
Official website here: www.ascendiumeducation.org
Is Ascendium Education Solutions Inc legitimate?
Ascendium Education Solutions Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ascendium Education Solutions 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.
Here are some key statistics you may want to consider:
Executive Compensation: $1,577,862
Professional Fundraising Fees: $0
Other Salaries and Wages: $10,072,684
For more financial information, click here
What is the mission statement of Ascendium Education Solutions Inc?
Ascendium Education Solutions Inc is dedicated to expanding access to and enhancing success in post-secondary education. Acting as a national grantmaker, a federal student loan guaranty agency, and a provider of student success services, the organization supports various entities to broaden the availability of federally guaranteed loans and encourage participation in higher education. In accordance with the Higher Education Act of 1965, as amended, Ascendium Education Solutions Inc's mission is to facilitate philanthropic support and cost-effective services for educational institutions, charitable organizations, and others, enabling them to provide students with opportunities to pursue post-secondary education.
Official website here: www.ascendiumeducation.org
What is the revenue of Ascendium Education Solutions Inc?
Ascendium Education Solutions Inc's revenue in 2022 was $388,928,491.
Official website here: www.ascendiumeducation.org
Who are the executives of Ascendium Education Solutions Inc and what are their salaries?
The average compensation at Ascendium Education Solutions Inc during 2022 was $73,274. There are 159 employees at Ascendium Education Solutions Inc.
Here are 18 key members and their salaries (Ascendium Education Solutions Inc's CEO's salary is $547,044 and their total compensation is $592,910):
- Richard D George - 23 (Chairman & Treasurer) [Trustee/Director]
- Jeffery E Crosby - 3 (Pres/Ceo-Aes)
- Hope E Merry - 3 (Chief Financial Officer)
- Jacqueline J Fairbairn - 3 (Vp - Policy & Reg Compliance)
- Beth A Erickson (Vp - Repayment Solutions)
- Jeffrey S Dick - 3 (Systems Analyst)
- Barbara A Wilhelm - 3 (Director - Claims Review)
- Carmen N Rieg - 3 (Director - Recovery Admin)
- Roger A Eldridge - 3 (National Sales Director)
- Caralyn A Hansen - 3 (Attigo Sr Mktg Strategist)
- Scott Klug - 1 (Director)
- Richard A Weiss - 1 (Director)
- Cynthia Walsh - 1 (Director)
- Emerson Brumback - 1 (Director, Vice Chairman)
- David J Hanson - 1 (Director, Secretary)
- Mary Burke - 1 (Director)
- Thomas Scarett - 1 (Director (Retired Aug 2022))
- Maria Gonzalez-Knavel - 1 (Director)
Official website here: www.ascendiumeducation.org
Where can I find the form 990 for Ascendium Education Solutions Inc?
The Ascendium Education Solutions Inc’s most recent form 990 was submitted in 2022 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 Solutions Inc
Ascendium Education Solutions Inc is a leading organization dedicated to expanding access to and facilitating success in post-secondary education. Acting as a national grantmaker, a federal student loan guaranty agency, and a provider of student success services, Ascendium fulfills its mission to support philanthropic endeavors and enable cost-effective access to higher education.
Through its comprehensive range of services, Ascendium strives to broaden the availability of federally guaranteed loans and encourage participation in post-secondary education in accordance with the Federal Higher Education Act of 1965, as amended. By providing full-service guarantee agency functions and grant support to funding sources, educational institutions, charitable organizations, and other entities, Ascendium plays a crucial role in increasing access to post-secondary education opportunities.
In pursuit of its mission, Ascendium Education Solutions Inc has formally reviewed and acknowledged its statement by the board. The organization's efforts are geared toward ensuring that diverse individuals have the resources and support they need to persist in their educational journeys and ultimately achieve their academic goals.
Impact
This information is meant to be a general summary of Ascendium Education Solutions Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Ascendium Education Solutions Inc plays a pivotal role in supporting increased access to and success in post-secondary education. The organization serves as a national grantmaker, a federal student loan guaranty agency, and a provider of student success services. By providing a full range of guaranty agency services and grant support, Ascendium Education Solutions Inc facilitates broader access to federally guaranteed loans for pursuing and participating in post-secondary education. Through its philanthropic endeavors and cost-effective initiatives, the organization enables individuals and institutions to overcome financial barriers and persist in their educational pursuits. This impactful work aligns with the goals outlined in the Federal Higher Education Act of 1965, contributing to the enrichment of educational opportunities for many.
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 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
COLLECTIONS & REHABILITATIONS
Revenue
$264,912,039
DEFAULT AVERSION FEES
Revenue
$31,663,033
ACCOUNT MAINTENANCE DEES
Revenue
$24,346,534
COHORT CATALYST FEES
Revenue
$412,007
COLLEGE COST METER FEES
Revenue
$225,093
Organization Details
Founding Year
1996
Phone
(608) 733-2559
Main Address
38 BUTTONWOOD COURT, MADISON, WI, 53718
Website
www.ascendiumeducation.org
NTEE Category
Code: B90 - Education
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