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Higher Education Compliance And Management

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 464350736 ✦ Lakewood, NJ ✦ Designated as a 501(c)(3)

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Overview

What is Higher Education Compliance And Management?

Higher Education Compliance and Management is a nonprofit organization based in Lakewood, New Jersey. Situated at 450 West Kennedy Blvd, the organization primarily focuses on assisting Section 501(c)(3) educational institutions with compliance and management related to Title IV federal assistance. With a team of 45 employees, their mission is to support these higher education institutions, ensuring they adhere to necessary regulations and provide educational services at below-market fees.

What are the reviews and ratings of this charity?

Charity Navigator Rating 67% - Two-Star out of Four Star rating

Higher Education Compliance And Management has received a Two-Star rating from Charity Navigator, reflecting a moderate level of accountability and financial stability. Notably, the organization boasts 100% independent board members and a favorable liabilities to assets ratio, indicating strong governance and sound financial health. Additionally, a significant portion of its expenses is allocated to programs, emphasizing its commitment to fulfilling its mission.

However, the charity faces significant shortcomings in its financial transparency and governance policies. The lack of available financial statements and missing conflict of interest and whistleblower policies raises concerns about oversight and internal controls. Furthermore, critical documents such as the tax form and retention policy are not readily accessible on their website, which may hinder public trust and scrutiny.

Overall, while Higher Education Compliance And Management demonstrates solid operational effectiveness through its independent governance and program spending, the absence of essential financial documentation and policies reflects areas needing improvement to enhance transparency and accountability.


This AI summary has been generated from information found on Charity Navigator.

Is Higher Education Compliance And Management legitimate?

Higher Education Compliance And Management is a legitimate nonprofit organization registered as a 501(c)(3) entity. Higher Education Compliance And Management 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: $393,273
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,823,721

For more financial information, click here

What is the mission statement of Higher Education Compliance And Management?

Higher Education Compliance and Management's mission is focused on assisting 501(c)(3) educational institutions in the realm of higher education. Specifically, their role involves administering professional associations and managing Title IV federal assistance for these institutions, all done at below-market fees. By doing so, they aim to support these educational institutions in their operations, ensuring they remain compliant with relevant regulations.

Who is the CEO of Higher Education Compliance And Management?

Shmuel C Weisberg is the Trustee of Higher Education Compliance And Management.

What is the revenue of Higher Education Compliance And Management?

Higher Education Compliance And Management's revenue in 2022 was $5,378,948.

Who are the executives of Higher Education Compliance And Management and what are their salaries?

The average compensation at Higher Education Compliance And Management during 2022 was $49,267. There are 45 employees at Higher Education Compliance And Management.


Here are 7 key members and their salaries:


Shmuel C Weisberg (Trustee)
  • Compensation: $393,273
  • Related: $0
  • Other: $0
Avrohom Y Zuckerman (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Menashe Gross (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Elisa Kahan (Employee)
  • Compensation: $229,596
  • Related: $0
  • Other: $0
Moshe Z Weisberg (Employee)
  • Compensation: $143,000
  • Related: $0
  • Other: $0
Yaakov Kops (Employee)
  • Compensation: $115,268
  • Related: $0
  • Other: $0
Cyrl Zimmerman (Employee)
  • Compensation: $100,646
  • Related: $0
  • Other: $0
Where can I find the form 990 for Higher Education Compliance And Management?

Higher Education Compliance And Management's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Higher Education Compliance And Management

Higher Education Compliance and Management is an organization dedicated to assisting Section 501(c)(3) educational institutions in higher education. Their mission is to administer professional associations and oversee the distribution of Title IV federal assistance to these institutions, all while charging below-market fees. By doing so, they aim to support these educational institutions in navigating the complexities of compliance and management, ensuring they can focus on their primary mission of providing quality education to students.

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Impact




July, 2024

Higher Education Compliance And Management has a significant impact on the higher education sector by providing essential assistance to 501(c)(3) educational institutions. Their services help these institutions navigate complex compliance requirements and effectively manage their operations. By administering professional association activities and overseeing the distribution of Title IV federal assistance at below-market fees, Higher Education Compliance And Management plays a vital role in supporting the mission of 501(c)(3) higher education institutions. Their work ultimately contributes to the sustainability and success of these educational organizations, enabling them to focus on their core mission of providing quality education to students.




This information is meant to be a general summary of Higher Education Compliance And Management. 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.

Revenue
$5,378,948 (2022)
Expenses
$4,215,075 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $49,083
  • Program Service Revenue: $5,293,865
  • Gross Receipts: $5,378,948

Assets and Liabilities:

  • Total Assets: $9,679,734
  • Total Liabilities: $60,339
  • Net Assets: $9,619,395

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

ADMINISTRATION INCOME

Revenue

$5,293,865

Organization Details

Founding Year

2014

Principal Officer

Shmuel C Weisberg

Main Address

450 WEST KENNEDY BLVD, LAKEWOOD, NJ, 08701

NTEE Category

Code: B99 - Education

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