HIGHER EDUCATION CONSORTIUM FOR URBAN AFFAIRS INC

EIN: 410968262 501(c)(3)

MINNEAPOLIS, MN

Total Revenue
$638,361
Total Expenses
$912,444
Total Assets
$145,759
Net Assets
$-127,047
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1971
Legal Domicile
MN
Principal Officer
KATHERINE BJORK
Phone
6512873300
Tax Period
2021-07-01 to 2022-06-30

HIGHER EDUCATION CONSORTIUM FOR URBAN AFFAIRS INC, founded in 1971, is a small nonprofit that reported $638K in total revenue in fiscal year 2021. Revenue decreased 18% compared to the prior year. Expenses of $912K exceeded revenue, resulting in a 43% operating deficit.

Mission

PROVIDES THE STUDENTS OF ITS MEMBER COLLEGES WITH OFF-CAMPUS EXPERIENTIAL LEARNING PROGRAMS, BOTH IN THE UNITED STATES AND ABROAD. DUE TO ONGOING FINANCIAL AND ACADEMIC CHALLENGES CAUSED BY THE NOVEL CORONAVIRUS (COVID-19), HECUA WAS UNABLE TO OFFER SIGNIFICANT PORTIONS OF ITS INTERNATIONAL PROGRAMMING AND THE BOARD OF DIRECTORS VOTED TO TAKE STEPS TO DISSOLVE THE ORGANIZATION WITHIN THE NEXT TWO YEARS.

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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 (2021)

Revenue Breakdown

Contributions & Grants $217,164
Program Service Revenue $420,880
Investment Income $317
Other Revenue $0
TOTAL REVENUE $638,361

Expense Breakdown

Grants Paid $5,850
Salaries & Benefits $398,503
Fundraising Expenses $0
Program Expenses $483,062
Other Expenses $508,091
TOTAL EXPENSES $912,444

Year-over-Year Comparison

2021 2020 Change
Revenue $638,361 $781,542 -0.2%
Expenses $912,444 $1,130,839 -0.2%
Net Income $-274,083 $-349,297 -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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Liquidity & Cash Position

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Governance

Voting Members
8
Independent Members
8
Employees
19
Volunteers
33

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
6
$111,267
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LAUREL HIRT DIRECTOR/PRE 2.00
Officer Director
$0 $0 $0
DAVID SCHUETTLER DIRECTOR/SEC 2.00
Officer Director
$0 $0 $0
KATHERINE BJORK DIRECTOR/TRE 2.00
Officer Director
$0 $0 $0
JABRI WHIRL DIRECTOR/AT 2.00
Officer Director
$0 $0 $0
MOLLY OLSON DIRECTOR 1.00
Director
$0 $0 $0
ANALYAH DOS SANTOS DIRECTOR 1.00
Director
$0 $0 $0
DAVE ANDERSON DRIECTOR 1.00
Director
$0 $0 $0
SINDA NELSON DIRECTOR 1.00
Director
$0 $0 $0
ARIELLA TILSEN INTERIM EX. 40.00
Officer
$65,388 $0 $65,388
ANDI CHENEY DIR. OF OPER 30.00
Officer
$45,257 $622 $45,879
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
2022 $638,361 $912,444 $145,759 $-274,083
2021 $781,542 $1,130,839 $716,669 $-349,297
2020 $2,411,314 $2,465,972 $1,030,278 $-54,658
2019 $2,007,891 $2,256,237 $1,029,030 $-248,346
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