BUSINESS - HIGHER EDUCATION FORUM

EIN: 341986692 501(c)(3) Education

WASHINGTON, DC

Total Revenue
$2,713,551
Total Expenses
$2,553,364
Total Assets
$1,611,925
Net Assets
$418,444
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Financial Trends

Organization Details

Formation Year
2004
Legal Domicile
DC
Principal Officer
KRISTEN FOX
Phone
2023671189
Tax Period
2024-10-01 to 2025-09-30

BUSINESS - HIGHER EDUCATION FORUM, founded in 2004, is a community nonprofit in the Education sector that reported $2.7M in total revenue in fiscal year 2024. Revenue surged 38% from the prior year, signaling strong growth momentum. Expenses of $2.6M left a modest 6% surplus.

Mission

THE BUSINESS-HIGHER EDUCATION FORUM IS A NATIONAL NETWORK THAT CONNECTS CORPORATE AND COLLEGE LEADERS TO IDENTIFY AND BUILD THE TALENT SOLUTIONS THAT ADDRESS PRIORITY TALENT NEEDS FOR EMPLOYERS AND THE AMERICAN ECONOMY. CORPORATE EXECUTIVES AND UNIVERSITY LEADERS JOIN BHEF TO ANTICIPATE SKILLS NEEDS AND IMPROVE PATHWAYS BETWEEN HIGHER EDUCATION AND WORKFORCE. BHEF HELPS MEMBERS AND STRATEGIC PARTNERS: IDENTIFY HIGH-VALUE EMERGING SKILLS, DEVELOP PATHWAYS THAT QUICKLY SOURCE HIGH-VALUE TALENT, AND LEAD ACTION-ORIENTED AND PARTNERSHIPS. OUR WORK FOCUSES ON THREE MAIN OUTCOMES:- ALIGN SKILLS AND CREDENTIALS: INCREASE THE NUMBER OF LEARNERS/ EARNERS COMPLETING WITH HIGH-VALUE SKILLS, CREDENTIALS ALIGNED TO EMPLOYER NEEDS AND TO EMPOWER A COMPETITIVE WORKFORCE- BUILD TALENT-READY MODELS: EXPAND ACCESS AND ADOPTION OF WORK-INTEGRATED LEARNING MODELS THAT QUICKLY CONNECT AND PREPARE TALENT FOR EMERGING AND HIGH-DEMAND ROLES AND LAUNCH EARLY CAREER TALENT

Program Service Accomplishments

Program 1
Expenses: $771,196

ONE OF BHEF'S NATIONAL INITIATIVES, THE FUTUREREADY STATES INITIATIVE IS SUPPORTED BY LUMINA FOUNDATION, ECMC FOUNDATION, AND THE TRELLIS FOUNDATION. BHEF SUPPORTS THREE STATES IN ACTIVATING...

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ONE OF BHEF'S NATIONAL INITIATIVES, THE FUTUREREADY STATES INITIATIVE IS SUPPORTED BY LUMINA FOUNDATION, ECMC FOUNDATION, AND THE TRELLIS FOUNDATION. BHEF SUPPORTS THREE STATES IN ACTIVATING CROSS-SECTOR, ACTION-ORIENTED STATE TEAMS TO ADVANCE SHORT-TERM CREDENTIAL ATTAINMENT, STRENGTHEN EDUCATION ALIGNMENT WITH INDUSTRY NEEDS, AND EXPAND ACCESS TO HIGH-VALUE PATHWAYS THAT SUPPORT ECONOMIC MOBILITY AND STATE WORKFORCE COMPETITIVENESS. BHEF PROVIDES TECHNICAL ASSISTANCE TO STATE TEAMS TO REVIEW AND ASSESS CURRENT POLICIES, PRACTICES, AND INVESTMENTS; SET CLEAR, DATA-INFORMED ATTAINMENT GOALS; AND DEVELOP STRATEGIC ACTION PLANS TO IMPROVE THE QUALITY, ACCESSIBILITY, AND IMPACT OF SHORT-TERM CREDENTIALS.

Program 2
Expenses: $541,505 Revenue: $1,207,894

NETWORK MEMBERSHIP - BHEF INCURS EXPENSES RELATED TO THE BUSINESS OF DRIVING MEMBERSHIP NETWORK ACTIVITY, WHICH INVOLVES RECRUITMENT, ENGAGEMENT, COMMUNICATION, AND SERVICE DELIVERY. THIS IS ACHIEVED...

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NETWORK MEMBERSHIP - BHEF INCURS EXPENSES RELATED TO THE BUSINESS OF DRIVING MEMBERSHIP NETWORK ACTIVITY, WHICH INVOLVES RECRUITMENT, ENGAGEMENT, COMMUNICATION, AND SERVICE DELIVERY. THIS IS ACHIEVED THROUGH IN-PERSON AND VIRTUAL CONVENINGS, COLLABORATIVE RESEARCH AND PROGRAMMATIC INITIATIVES AND COMMUNICATION TO FOSTER PARTNERSHIP AND BUILD TALENT SOLUTIONS WITH OUR BUSINESS AND EDUCATION PARTNERS.

Program 3
Expenses: $82,986

ONE OF BHEF'S REGIONAL TALENT INITIATIVES, TECH TALENT ACCELERATOR IS FUNDED BY CONNECTICUT'S OFFICE OF WORKFORCE STRATEGY. LED BY BHEF WITH SUPPORT FROM THE NEW ENGLAND BOARD OF HIGHER EDUCATION...

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ONE OF BHEF'S REGIONAL TALENT INITIATIVES, TECH TALENT ACCELERATOR IS FUNDED BY CONNECTICUT'S OFFICE OF WORKFORCE STRATEGY. LED BY BHEF WITH SUPPORT FROM THE NEW ENGLAND BOARD OF HIGHER EDUCATION (NEBHE), THIS PROGRAM STRENGTHENS BUSINESS HIGHER EDUCATION PARTNERSHIPS TO DEVELOP AND SCALE AI-FOCUSED EDUCATION AND TRAINING PATHWAYS ALIGNED WITH EMPLOYER NEEDS. BHEF OVERSEES GRANTS TO COLLEGES AND UNIVERSITIES, PROVIDES TECHNICAL ASSISTANCE TO EDUCATORS AND BUSINESS PARTNERS, A COMMUNITY OF PRACTICE, AND EMPLOYER ENGAGEMENT STRATEGIES TO ENSURE PROGRAMS ARE INDUSTRY-VALIDATED, EXPAND AI-FOCUSED WORK-INTEGRATED LEARNING OPPORTUNITIES, AND CREATE PATHWAYS FOR CONNECTICUT'S INCUMBENT WORKERS AND STUDENTS TO ACCESS IN-DEMAND AI SKILLS AND CREDENTIALS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,469,653
Program Service Revenue $1,207,894
Investment Income $19,204
Other Revenue $16,800
TOTAL REVENUE $2,713,551

Expense Breakdown

Grants Paid $10,000
Salaries & Benefits $1,594,642
Fundraising Expenses $0
Program Expenses $1,395,687
Other Expenses $948,722
TOTAL EXPENSES $2,553,364

Year-over-Year Comparison

2024 2023 Change
Revenue $2,713,551 $1,969,422 +0.4%
Expenses $2,553,364 $2,716,032 -0.1%
Net Income $160,187 $-746,610 -1.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
13
Independent Members
13
Employees
10
Volunteers
13

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$423,440
Total Directors
13
$0
Key Employees
1
$242,641
Highest Compensated
4
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KRISTEN D FOX CHIEF EXECUTIVE OFFICER 40.00
Officer
$305,938 $0 $305,938
JENNIFER THORNTON SENIOR VICE PRESIDENT 40.00
Key Emp
$216,411 $26,230 $242,641
STACEY BROWN CFO 40.00
Highest
$184,235 $20,966 $205,201
FRANK AVERY SENIOR DIRECTOR 40.00
Highest
$143,702 $18,055 $161,757
CANDACE WILLIAMS DIRECTOR REGIONAL INITIATIVES 40.00
Highest
$130,143 $8,823 $138,966
SUZANNE AMOONARQUAH OPERATIONS DIRECTOR 40.00
Highest
$109,944 $14,058 $124,002
STEPHANIE BLOCHINGER DIRECTOR OF MEMBERSHIP / SECRETARY 40.00
Officer
$109,828 $7,674 $117,502
LAURA K IPSEN CHAIR 1.00
Officer Director
$0 $0 $0
JEFFREY D ARMSTRONG VICE CHAIR 1.00
Officer Director
$0 $0 $0
TIMOTHY D SANDS PAST CHAIR 1.00
Officer Director
$0 $0 $0
JAE LYNN AKIN BOARD MEMBER 1.00
Director
$0 $0 $0
JOSEPH E AOUN BOARD MEMBER 1.00
Director
$0 $0 $0
TERRANCE CHENG BOARD MEMBER 1.00
Director
$0 $0 $0
JOHN J DEGIOIA BOARD MEMBER 1.00
Director
$0 $0 $0
LISA GEVELBER BOARD MEMBER 1.00
Director
$0 $0 $0
EARL F MARTY MARTIN BOARD MEMBER 1.00
Director
$0 $0 $0
RYAN OAKES BOARD MEMBER 1.00
Director
$0 $0 $0
CHRIS REBER BOARD MEMBER 1.00
Director
$0 $0 $0
JAY A PERMAN BOARD MEMBER 1.00
Director
$0 $0 $0
MADELINE PUMARIEGA BOARD MEMBER 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $2,713,551 $2,553,364 $1,611,925 $160,187
2024 $1,969,422 $2,716,032 $1,614,580 $-746,610
2023 $2,265,691 $2,837,937 $2,524,066 $-572,246
2022 $2,813,855 $2,373,221 $2,129,134 $440,634
2021 $1,983,140 $2,472,146 $1,952,069 $-489,006
2020 $3,180,611 $3,220,926 $2,337,150 $-40,315
2019 $4,017,282 $3,763,843 $3,043,573 $253,439
2018 $3,773,901 $3,269,111 $2,625,136 $504,790
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