Overview
What is Competency-Based Education Network?
Competency-Based Education Network (C-BEN) is a nonprofit organization based in Franklin, Tennessee, with a mission to advance education by assisting colleges and universities in creating high-quality competency-based degree programs. Over the past year, C-BEN has expanded its services to offer more consultancy and technical assistance, helping to stabilize the organization and establish a sustainable business model. C-BEN's membership includes large state systems and not-for-profit entities, all committed to promoting standards, research, innovation, and policy advocacy in competency-based education. The organization hosts events, such as the CBEXchange Conference, to educate leaders from various institutions on building and scaling high-quality programs. C-BEN also focuses on helping institutions align academic programs with workforce needs by fostering relationships with employers. The organization's Quality Framework for CBE programs is widely recognized as a leading tool for assessing the quality of academic programs.
Official website here: www.cbenetwork.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83% (Three Stars)
The Competency-Based Education Network has received an 83% rating from Charity Navigator, indicating a solid performance in accountability and finance. The rating is based entirely on a single beacon score, which reflects the organization's commitment to transparency and effective financial management. With a full score in areas such as independent board composition, audit oversight, and adherence to conflict of interest policies, the organization demonstrates a strong governance framework.
Strengths of the network include a high program expense ratio of 85.85%, showing that a significant portion of funds is directed towards its educational initiatives. The organization also has no reported material diversion of assets, and its financial statements are well-managed, contributing to its positive accountability score. Despite these strengths, the fundraising efficiency ratio is notably low, which may indicate challenges in raising funds effectively relative to expenses incurred.
Overall, while the Competency-Based Education Network showcases strong governance and financial responsibility, stakeholders might want to consider the implications of its fundraising efficiency. Improving this area could enhance its overall impact and sustainability in delivering educational services.
This AI summary has been generated from information found on Charity Navigator.
Is Competency-Based Education Network legitimate?
Competency-Based Education Network is a legitimate nonprofit organization registered as a 501(c)(3) entity. Competency-Based Education Network 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $587,455
For more financial information, click here
Official website here: www.cbenetwork.org
What is the mission statement of Competency-Based Education Network?
The Competency-Based Education Network's mission is centered around advancing education by assisting colleges and universities in creating, enhancing, and implementing high-quality competency-based degree programs. Over the past year, the organization has expanded its services to provide more consultancy and technical assistance, contributing to its stability and the establishment of a sustainable business model. The organization has also emphasized the growth of its membership, which comprises large institutions like the University of Wisconsin and not-for-profit entities such as Western Governors University and Southern New Hampshire University. These institutions share a common commitment to promoting high-quality standards and practices, measuring and sharing effectiveness outcomes, participating in a shared research agenda, fostering innovation, educating policymakers about legislative issues, and building relationships with employers to meet workforce needs. The Competency-Based Education Network's Quality Framework for CBE programs remains a widely recognized tool for evaluating the quality of academic programs.
Official website here: www.cbenetwork.org
Who is the CEO of Competency-Based Education Network?
Eric Heiser is the Chair/Direct of Competency-Based Education Network.
Official website here: www.cbenetwork.org
What is the revenue of Competency-Based Education Network?
Competency-Based Education Network's revenue in 2022 was $2,924,304.
Official website here: www.cbenetwork.org
Who are the executives of Competency-Based Education Network and what are their salaries?
The average compensation at Competency-Based Education Network during 2022 was $97,909. There are 6 employees at Competency-Based Education Network.
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- Compensation: $270,267
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- Other: $12,000
Official website here: www.cbenetwork.org
Where can I find the form 990 for Competency-Based Education Network?
Competency-Based Education Network's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cbenetwork.org
Learn more at the official website: www.cbenetwork.org
Mission Statement of Competency-Based Education Network
The Competency-Based Education Network, or C-BEN, is an organization committed to advancing education by assisting colleges and universities in designing, developing, and delivering high-quality competency-based degree programs. Its mission is to help these institutions improve their educational offerings, ensuring they meet the necessary standards and effectively prepare students for the workforce.
By offering consultancy and technical assistance, C-BEN has expanded its services beyond just providing guidance. This growth has enabled the organization to establish a sustainable business model, thereby ensuring its long-term viability. C-BEN's focus on expanding its membership has been renewed, with the organization now representing various large institutions, including state systems and prominent non-profit entities. All these member institutions share a common goal: to develop and promote high-quality standards and practices, measure and share efficacy outcomes, participate in a shared research agenda, foster continued innovation, and educate policymakers about legislative issues related to the growth and protection of the competency-based education (CBE) movement.
C-BEN also hosts events such as its annual CBExchange conference, where leaders from numerous institutions learn how to build and scale high-quality programs. The organization's collaboratory efforts have resulted in the creation of resources to help institutions build relationships with employers, allowing academic programs to better meet workforce needs. C-BEN's Quality Framework for CBE programs remains a leading tool for assessing the quality of academic programs, showcasing the organization's commitment to improving education through competency-based learning.
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Impact
July, 2024
The Competency-Based Education Network has had a significant impact on higher education institutions by helping them design, develop, and deliver high-quality competency-based degree programs. The organization's consultancy and technical assistance services have contributed to stabilizing and creating a sustainable business model for the nonprofit. By renewing its focus on growing membership, C-BEN has successfully brought large state systems and not-for-profit entities such as the University of Wisconsin, Western Governors University, and Southern New Hampshire University together to promote high-quality standards and practices, measure efficacy outcomes, share in a common research agenda, foster innovation, and educate policymakers.
C-BEN's annual CBExchange conference and other client-related events have provided a platform for leaders from hundreds of institutions to learn how to build and scale high-quality programs. The Collaboratory's efforts to forge relationships with employers have helped academic programs better align with workforce needs. Additionally, the organization's quality framework for competency-based education programs is widely embraced as a leading tool for assessing academic program quality. In summary, the Competency-Based Education Network's impact has been instrumental in advancing educational practices and standards within the higher education sector.
This information is meant to be a general summary of Competency-Based Education Network. 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: $9,991
- Program Service Revenue: $2,398,751
- Gross Receipts: $2,924,304
Assets and Liabilities:
- Total Assets: $1,286,812
- Total Liabilities: $625,057
- Net Assets: $661,755
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONSULTING ENGAGEMENT FEES
Revenue
$1,962,937
CONFERENCE REGISTRATIONS
Revenue
$435,814
Organization Details
Founding Year
2017
Phone
(615) 517-1256Principal Officer
Eric Heiser
Main Address
1417 HANSON DRIVE, FRANKLIN, TN, 37067
Website
www.cbenetwork.orgNTEE Category
Code: B01 - Education
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