POSTSECONDARY COMMISSION

EIN: 871031412 501(c)(3) Education

BOSTON, MA

Total Revenue
$3,065,500
Total Expenses
$2,380,968
Total Assets
$2,990,718
Net Assets
$2,990,718
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Financial Trends

Organization Details

Formation Year
2021
Legal Domicile
MA
Principal Officer
STIG LESCHLY
Phone
3392448914
Tax Period
2024-01-01 to 2024-12-31

POSTSECONDARY COMMISSION, founded in 2021, is a community nonprofit in the Education sector that reported $3.1M in total revenue in fiscal year 2024. Revenue fell 25% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $685K, a strong 22% operating margin.

Mission

THE POSTSECONDARY COMMISSION IS AN ACCREDITOR OF INSTITUTIONS OF HIGHER EDUCATION THAT PROVIDE STRONG ECONOMIC OUTCOMES TO THEIR STUDENTS.

Program Service Accomplishments

Program 1
Expenses: $1,677,154 Revenue: $0

ACCREDITATION-FIELD WORK - THIS BODY OF WORK ENCOMPASSES DIRECT PARTNERSHIPS WITH INSTITUTIONS AND THE APPLICATION OF PSC'S ACCREDITATION MODEL. IN 2024, PSC ONBOARDED TWO INSTITUTIONAL PARTNERS TO...

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ACCREDITATION-FIELD WORK - THIS BODY OF WORK ENCOMPASSES DIRECT PARTNERSHIPS WITH INSTITUTIONS AND THE APPLICATION OF PSC'S ACCREDITATION MODEL. IN 2024, PSC ONBOARDED TWO INSTITUTIONAL PARTNERS TO COMPLETE PSC'S ACCREDITATION PROCESS. AS PART OF THAT WORK, PSC HOSTED THREE INSTITUTIONAL WORKSHOPS AND AN ESTIMATED 50+ CONSULTATION MEETINGS BETWEEN PSC STAFF AND INSTITUTIONAL REPRESENTATIVES. STAFF CREATED OR MODIFIED AN ESTIMATED 100+ INSTITUTION-SPECIFIC DOCUMENTS TO FACILITATE THE INSTITUTIONS THROUGH THE APPLICATION PROCESS AND TO PREPARE FOR OR IMPLEMENT THE SELF-STUDY PROCESS (A KEY COMPONENT OF ACCREDITATION). ACCREDITATION-MODEL AND PETITION DEVELOPMENT - BUILDING ON ITS WORK IN 2023 TO DEVELOP AND RELEASE ITS INITIAL ACCREDITATION STANDARDS, POLICIES, AND PROCEDURES, PSC CONTINUED TO CREATE NEW MATERIALS THAT EXPAND ITS ACCREDITATION MODEL. THE ORGANIZATION RELEASED FOR PUBLIC COMMENT AND CONSIDERED FEEDBACK ON ITS ACCREDITATION STANDARDS ONCE IN 2024. TO SUPPORT ITS ACCREDITATION FIELD WORK, STAFF CREATED 30+ NEW MATERIALS (E.G., TEMPLATES, WORKSHEETS), WHICH ARE NOW IN USE WITH INSTITUTIONS. PSC ALSO REVIEWED ITS POLICIES AND PROCEDURES AND MADE UPDATES TO ~60% OF THESE MATERIALS TO REFINE ITS APPROACH. PSC'S BOARD REVIEWED AND APPROVED THE CHANGES TO STANDARDS, POLICIES AND PROCEDURES. FINALLY, PSC BEGAN TO ASSEMBLE ITS PETITION FOR RECOGNITION FOR THE U.S. DEPARTMENT OF EDUCATION. RESEARCH AND EVALUATION - IN 2024, PSC LAUNCHED A NEW BODY OF WORK CALLED RESEARCH AND EVALUATION. IN PARTNERSHIP WITH STATE AGENCIES, PSC STUDIES THE ECONOMIC RETURNS GENERATED BY INSTITUTIONS AND THEIR PROGRAMS. IN CLOSE PARTNERSHIP WITH RESEARCHERS AND ECONOMISTS AT MATHEMATICA, PSC LAUNCHED ITS FIRST PILOT STUDY IN TEXAS TO STUDY OUTCOMES OF THE STATE'S PUBLIC INSTITUTIONS. AS PART OF THIS STUDY, PSC IS EVALUATING THOUSANDS OF COHORTS OF STUDENTS WITHIN VARIOUS INSTITUTIONAL, PROGRAMMATIC, AND DEMOGRAPHIC GROUPS DATING BACK TO 2008. PSC INTENDS TO RELEASE THE FINDINGS FROM THIS STUDY IN LATE 2024 AND EXPLORE OPPORTUNITIES TO CONDUCT STUDIES IN OTHER STATES IN 2025.

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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 $3,065,500
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $3,065,500

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,827,914
Fundraising Expenses $268,059
Program Expenses $1,677,154
Other Expenses $553,054
TOTAL EXPENSES $2,380,968

Year-over-Year Comparison

2024 2023 Change
Revenue $3,065,500 $4,075,290 -0.2%
Expenses $2,380,968 $2,005,324 +0.2%
Net Income $684,532 $2,069,966 -0.7%
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
10
Independent Members
10
Employees
8
Volunteers
10

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
2
$592,926
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
4
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BETH AKERS COMMISSIONER 1.00
Director
$0 $0 $0
MARIA ANGUIANO COMMISSIONER 1.00
Director
$0 $0 $0
JIM BLEW COMMISSIONER 1.00
Director
$0 $0 $0
MARIA FLYNN COMMISSIONER 1.00
Director
$0 $0 $0
TIM KNOWLES COMMISSIONER 1.00
Director
$0 $0 $0
PAUL LEBLANC COMMISSIONER 1.00
Director
$0 $0 $0
TED MITCHELL COMMISSIONER 1.00
Director
$0 $0 $0
JAMES RUNCIE COMMISSIONER 1.00
Director
$0 $0 $0
CASEY SACKS COMMISSIONER 1.00
Director
$0 $0 $0
MARNI BAKER STEIN COMMISSIONER 1.00
Director
$0 $0 $0
STIG LESCHLY PRESIDENT 40.00
Officer
$300,000 $3,000 $303,000
CAROL RAVA VICE PRESIDENT, OPERATIONS & EXTERNAL AFFAIRS 40.00
Officer
$260,778 $29,148 $289,926
LISA DAGGS VICE PRESIDENT, STRATEGY & ADVANCEMENT 40.00
Highest
$261,029 $19,366 $280,395
JENNIFER DIRMEYER VICE PRESIDENT, ACCREDITATION 40.00
Highest
$253,596 $18,555 $272,151
CHELSEA PENNUCCI VICE PRESIDENT 40.00
Highest
$244,302 $18,697 $262,999
KATHLEEN MCCABE MANAGER OF OPERATION 40.00
Highest
$110,226 $14,170 $124,396
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 $3,065,500 $2,380,968 $2,990,718 $684,532
2023 $4,075,290 $2,005,324 $2,306,186 $2,069,966
2022 $1,010,000 $489,359 $236,220 $520,641
2021 No data $289,321 $965,004 No data
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