Ascendium Education Solutions Inc

EIN: 391853833 501(c)(3) Education

MADISON, WI

Total Revenue
$298,192,646
Total Expenses
$119,504,517
Total Assets
$351,464,064
Net Assets
$322,562,334
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1996
Legal Domicile
WI
Phone
6087332559
Tax Period
2023-01-01 to 2023-12-31

Ascendium Education Solutions Inc, founded in 1996, is a major nonprofit in the Education sector that reported $298.2M in total revenue in fiscal year 2023. Revenue fell 23% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $178.7M, a strong 60% operating margin.

Mission

ASCENDIUM EDUCATION SOLUTIONS, INC. OPERATES TO PROVIDE FOR PHILANTHROPIC SUPPORT AND COST EFFECTIVE ENABLEMENT OF ACCESS TO AND PERSISTENCE IN POST-SECONDARY EDUCATION BY PROVIDING FULL-RANGE GUARANTY AGENCY SERVICES AND GRANT SUPPORT TO FUNDING SOURCES, EDUCATIONAL INSTITUTIONS, CHARITABLE ORGANIZATIONS, AND OTHERS TO BROADEN FEDERALLY GUARANTEED LOAN AVAILABILITY AND PURSUIT OF AND PARTICIPATION IN POST-SECONDARY EDUCATION IN ACCORDANCE WITH THE FEDERAL HIGHER EDUCATION ACT OF 1965, AS AMENDED. THIS MISSION STATEMENT HAS BEEN REVIEWED, ACKNOWLEDGED AND INFORMALLY APPROVED BY THE BOARD.

Program Service Accomplishments

Program 1
Expenses: $96,893,911 Revenue: $289,068,754

ASCENDIUM EDUCATION SOLUTIONS, INC. OPERATES TO PROVIDE COST EFFECTIVE ENABLEMENT OF ACCESS TO AND SUCCESS IN POST-SECONDARY EDUCATION BY PROVIDING FULL-RANGE GUARANTY AGENCY SERVICES TO EDUCATIONAL...

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ASCENDIUM EDUCATION SOLUTIONS, INC. OPERATES TO PROVIDE COST EFFECTIVE ENABLEMENT OF ACCESS TO AND SUCCESS IN POST-SECONDARY EDUCATION BY PROVIDING FULL-RANGE GUARANTY AGENCY SERVICES TO EDUCATIONAL INSTITUTIONS AND OTHERS TO BROADEN FEDERALLY GUARANTEED LOAN AVAILABILITY AND PURSUIT OF AND PARTICIPATION IN POST-SECONDARY EDUCATION IN ACCORDANCE WITH THE FEDERAL HIGHER EDUCATION ACT OF 1965, AS AMENDED.

Program 2
Expenses: $247,534

IMPACT INVESTING IS ONE OF THE KEY WAYS WE ACCOMPLISH OUR MISSION TO CHAMPION OPPORTUNITY FOR EVERYONE. OUR INVESTMENTS ADVANCE CHANGE TO POSTSECONDARY EDUCATION AND WORKFORCE TRAINING SYSTEMS...

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IMPACT INVESTING IS ONE OF THE KEY WAYS WE ACCOMPLISH OUR MISSION TO CHAMPION OPPORTUNITY FOR EVERYONE. OUR INVESTMENTS ADVANCE CHANGE TO POSTSECONDARY EDUCATION AND WORKFORCE TRAINING SYSTEMS THROUGH NEW TECHNOLOGIES AND SOLUTIONS SO MORE LEARNERS CAN ACHIEVE THEIR ACADEMIC AND CAREER GOALS THROUGH EDUCATION RELATED VENTURE EQUITY INVESTMENTS.

Program 3
Expenses: $25,228

ASCENDIUM EDUCATION SOLUTIONS, INC. PROVIDES PHILANTHROPIC SUPPORT FOR LOCAL COMMUNITIES - WHERE ITS EMPLOYEESS LIVE AND WORK, PRIMARILY CONCENTRATED IN MADISON, WISCONSIN. THIS SUPPORT INCLUDES...

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ASCENDIUM EDUCATION SOLUTIONS, INC. PROVIDES PHILANTHROPIC SUPPORT FOR LOCAL COMMUNITIES - WHERE ITS EMPLOYEESS LIVE AND WORK, PRIMARILY CONCENTRATED IN MADISON, WISCONSIN. THIS SUPPORT INCLUDES EDUCATION-FOCUSED COMMUNITY GIVING, AN EMPLOYEE GIVING PROGRAM, AND FINANCIAL AND PERSONNEL SUPPORT FOR COMMUNITY SERVICES THAT ALIGN WITH OUR EDUCATION FOCUS. COMMUNITY GIVING EFFORTS FOCUS ON SUPPORTING LOCAL COMMUNITY SERVICE ORGANIZATIONS AND POST SECONDARY INSTITUTIONS. THE ASCENDIUM CARES PROGRAM FEATURES AN ANNUAL EMPLOYEE CHARITY FUNDRAISING DRIVE, A VOLUNTEER TIME-OFF PROGRAM, AND FINANCIAL MATCHING FOR TIME AND FUNDS DONATED TO ELIGIBLE NONPROFITS. OTHER SERVICES INCLUDE FREE TRAINING AND MEETING SPACE SUPPORT FOR LOCAL NONPROFITS.

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Trantor Score

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $284,947,927
Investment Income $9,122,893
Other Revenue $4,121,826
TOTAL REVENUE $298,192,646

Expense Breakdown

Grants Paid $73,002,419
Salaries & Benefits $15,716,246
Fundraising Expenses $0
Program Expenses $97,175,870
Other Expenses $30,785,852
TOTAL EXPENSES $119,504,517

Year-over-Year Comparison

2023 2022 Change
Revenue $298,192,646 $388,928,491 -0.2%
Expenses $119,504,517 $166,575,071 -0.3%
Net Income $178,688,129 $222,353,420 -0.2%
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
8
Independent Members
7
Employees
162
Volunteers
N/A

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
4
$1,799,135
Total Directors
8
$1,058,182
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A DIRECTOR 3.0
Director
$19,400 $0 $19,400
N/A DIRECTOR, SECRETARY 1.0
Director
$9,700 $0 $19,400
N/A DIRECTOR, VICE CHAIRMAN 1.0
Director
$9,700 $0 $19,400
N/A DIRECTOR 1.0
Director
$9,700 $0 $19,400
N/A DIRECTOR 1.0
Director
$9,700 $0 $19,400
N/A DIRECTOR 1.0
Director
$11,900 $0 $23,800
N/A CHAIRMAN & TREASURER 17.0
Director
$0 $56,216 $915,782
N/A DIRECTOR 1.0
Director
$10,800 $0 $21,600
N/A VP - REPAYMENT SOLUTIONS 45.0
Officer
$316,742 $35,823 $352,565
N/A CHIEF FINANCIAL OFFICER 23.0
Officer
$0 $51,905 $471,616
N/A VP - POL & REG COMPLIANCE 44.0
Officer
$314,735 $53,430 $368,165
N/A PRES/CEO-AES 30.0
Officer
$557,987 $48,802 $606,789
N/A DIRECTOR - CLAIMS REVIEW 45.0
Highest
$165,466 $29,502 $194,968
N/A ATTIGO SR MKTG STRATEGIST 45.0
Highest
$147,018 $43,405 $190,423
N/A DIRECTOR - RECOVERY ADMIN 45.0
Highest
$146,029 $43,471 $189,500
N/A SYSTEMS ANALYST 45.0
Highest
$177,213 $44,733 $221,946
N/A NATIONAL SALES DIRECTOR 45.0
Highest
$142,508 $44,947 $187,455
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
2024 No data No data No data No data
2023 $298,192,646 $119,504,517 $351,464,064 $178,688,129
2022 $388,928,491 $166,575,071 $289,805,860 $222,353,420
2021 $467,309,203 $204,796,432 $170,907,364 $262,512,771
2020 $427,280,088 $313,241,055 $288,144,309 $114,039,033
2019 $511,268,683 $319,237,947 $284,705,811 $192,030,736
2018 $222,804,138 $132,565,215 $663,920,334 $90,238,923
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