Overview
What is National Council Of Higher Education Loan Programs?
The National Council Of Higher Education Loan Programs, commonly known as NCHER, is a nonprofit organization situated in Washington, D.C. Their primary mission is to advocate for state, nonprofit, and for-profit entities involved in federal and private student loan programs, as well as college access and success initiatives. By engaging with key departments such as Congress, the U.S. Department of Education, the U.S. Consumer Financial Protection Bureau, the Federal Communications Commission, and other relevant associations, they work to support their member organizations in their goals of assisting students and families in financing and achieving their postsecondary education objectives. With a team of three dedicated individuals, NCHER aims to provide excellent advocacy, communication, regulatory analysis, and operational support services to its members.
Official website here: www.ncher.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 77% (Three-Star out of Four Star rating)
The National Council of Higher Education Loan Programs has earned a 77% score, reflecting a solid Three-Star rating based on its accountability and finance practices. This score highlights a strong commitment to independent governance, with 100% of board members being independent and a well-sized board of 14 members. Additionally, the organization demonstrates thorough financial oversight, as evidenced by the completion of financial statements and strict adherence to policies related to conflict of interest and document retention.
However, the organization did receive points deducted for the absence of a whistleblower policy, which could impact its accountability practices. Furthermore, while its liabilities to assets ratio is a notable figure at 71.52%, it reflects a significant level of liabilities relative to its assets. The program expense ratio, on the other hand, is commendably high at 72.77%, indicating that a substantial portion of its funds is being directed towards its programs.
In summary, the National Council of Higher Education Loan Programs showcases strengths in governance and financial transparency, although it may need to address some areas of concern related to policy implementation to enhance its overall rating and effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is National Council Of Higher Education Loan Programs legitimate?
National Council Of Higher Education Loan Programs is a legitimate nonprofit organization registered as a 501(c)(3) entity. National Council Of Higher Education Loan Programs 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: $422,868
Professional Fundraising Fees: $0
Other Salaries and Wages: $190,558
For more financial information, click here
Official website here: www.ncher.org
What is the mission statement of National Council Of Higher Education Loan Programs?
The National Council of Higher Education Loan Programs is committed to delivering exceptional advocacy, communications, regulatory analysis, and operational support. This mission serves to empower its member organizations, primarily consisting of state, nonprofit, and for-profit entities involved in student loan programs and educational initiatives, enabling them to effectively assist students and families in achieving their career, training, and postsecondary educational goals. The association actively engages with relevant authorities such as Congress, the U.S. Department of Education, and other regulatory bodies, advocating on behalf of its members in the realm of student loan financing and policy.
Official website here: www.ncher.org
Who is the CEO of National Council Of Higher Education Loan Programs?
James Bergeron is the President-Secretaryceo of National Council Of Higher Education Loan Programs. The CEO's salary of National Council Of Higher Education Loan Programs is $422,868 and their total compensation is $497,210.
Official website here: www.ncher.org
What is the revenue of National Council Of Higher Education Loan Programs?
National Council Of Higher Education Loan Programs's revenue in 2022 was $1,209,566.
Official website here: www.ncher.org
Who are the executives of National Council Of Higher Education Loan Programs and what are their salaries?
The average compensation at National Council Of Higher Education Loan Programs during 2022 was $204,475. There are 3 employees and 150 volunteers at National Council Of Higher Education Loan Programs.
Here are 15 key members and their salaries (National Council Of Higher Education Loan Programs's CEO's salary is $422,868 and their total compensation is $497,210):
- Compensation: $422,868
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- Other: $74,342
- Compensation: $133,460
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- Other: $38,651
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Official website here: www.ncher.org
Where can I find the form 990 for National Council Of Higher Education Loan Programs?
National Council Of Higher Education Loan Programs's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ncher.org
Learn more at the official website: www.ncher.org
Mission Statement of National Council Of Higher Education Loan Programs
The National Council of Higher Education Loan Programs serves a crucial role in supporting its member organizations, which include state, nonprofit, and for-profit entities involved in student loan programs and college access and success initiatives. Its mission, in essence, is to offer superior advocacy, communications, regulatory analysis, and operational support. This empowerment enables these member organizations to effectively guide students and families in their pursuit of career, training, and postsecondary educational goals. By engaging in ongoing collaborations with key entities such as Congress, the U.S. Department of Education, the U.S. Consumer Financial Protection Bureau, the Federal Communications Commission, and other relevant associations, the National Council of Higher Education Loan Programs works tirelessly to ensure that its members have the resources and knowledge needed to navigate the complex landscape of student loan financing and policy. By doing so, the organization plays a significant role in assisting its members in providing essential support to students and families seeking to achieve their educational aspirations.
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Impact
July, 2024
The National Council of Higher Education Loan Programs impacts the education sector by providing comprehensive advocacy, regulatory analysis, and operational support to its members. This enables them to effectively assist students and families in developing, paying for, and achieving their career, training, and postsecondary educational goals. Through its advocacy activities at the federal level and engagement with key government bodies and associations, the organization plays a crucial role in influencing student loan financing and policy decisions. This ultimately contributes to the advancement of college access and success initiatives and supports the overall goal of helping individuals further their education and career aspirations.
This information is meant to be a general summary of National Council Of Higher Education Loan Programs. 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 2022.
- Investment Income: $21,390
- Program Service Revenue: $935,267
- Gross Receipts: $1,209,566
Assets and Liabilities:
- Total Assets: $1,157,483
- Total Liabilities: $588,966
- Net Assets: $568,517
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Membership Dues
Revenue
$799,667
Conference Fees
Revenue
$96,350
Special Meetings
Revenue
$15,450
Sponsorship
Revenue
$23,800
Organization Details
Founding Year
1967
Principal Officer
James Bergeron
Main Address
1050 Connecticut Avenue NW STE 6579, Washington, DC, 20035
Website
www.ncher.orgNTEE Category
Code: B80 - Education
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