Forum For The Future Of Higher Education

The information for Forum For The Future Of Higher Education is as of the organization's most recent filing in June '21. This organization is located in Cambridge, MA. It has been in existence for 24 years, following its founding in 1997.

Organization Classification

The IRS classifies organizations according to the National Taxonomy of Exempt Entities (NTEE) system. The NTEE system helps the IRS assign a 3-character code to each organization to describe the organization's activities.

The Forum For The Future Of Higher Education's NTEE code is B90. The "B" tells us that the organization is classified along with Education. The "90" tells us that the organization is involved in Educational Services. The NTEE describes Educational Services as organizations that provide educational programs within the formal educational system or as an adjunct to the traditional school curriculum, helping students succeed in school and prepare for life. These organizations often partner with parents, families, schools, business, and community leaders to broker resources for the benefit of local schools. The Forum For The Future Of Higher Education is a 501(c)(3) organization, which means it is engaged in Religious, Educational, Charitable, Scientific, Literary, Public Safety, Amateur Sports, or Prevention of Cruelty to Children or Animals work. The mission of the organization is focused on Higher Education Research.

Program Areas

The Forum for the Future of Higher Education (The Forum) is an independent, nonprofit research center that focuses on exploring new thinking in higher education. Comprised of academic leaders and scholars from across the country, The Forum facilitates shared inquiry and collaboration on various issues that are likely to influence the future of higher education. Their research agenda covers topics such as economics and finance, new learning media and technology, advances in the cognitive and neurosciences, the role of higher education in the global political economy, and preparing the workforce of the future. The Forum sponsors and creates research, presents scholarship at annual Aspen symposia, and disseminates findings throughout higher education. They also publish Forum Futures, which are summaries of their research intended for use in board and planning retreats.

Organization Staffing

Forum For The Future Of Higher Education is run by John J Degioia, who is the President of the organization. The organization does not have any employees, but there is one employee who is paid over $100k per year (according to the organization's most recent 990 tax filing). Supporting the organization are 10 volunteers.

Board Governance

Forum For The Future Of Higher Education appears to be a non-profit organization that is well-governed based on the information provided. The organization has a total of 10 voting members, with 9 of them being independent. This indicates a strong level of independence and diversity within the board, which is crucial for effective decision-making and avoiding conflicts of interest. The absence of potential conflicts of interest is another positive aspect of the organization's governance. This suggests that the board members are able to make decisions solely in the best interest of the organization and its mission, without any personal or financial biases. The fact that board meetings are documented is also a good sign of transparency and accountability within the organization. This ensures that decisions made during these meetings are properly recorded and can be reviewed if necessary. However, it is worth noting that committee meetings are not documented, which could potentially limit transparency and make it difficult to track the progress of specific initiatives or projects. The organization does have a conflict of interest policy in place, even though it does not require the disclosure of conflicts. While it is positive that the organization has recognized the importance of having such a policy, the lack of disclosure requirements may raise concerns about potential conflicts going unnoticed. Additionally, the organization does not have a written whistleblower policy or a document retention policy. These policies are important for ensuring the reporting of any unethical or illegal activities within the organization and for maintaining proper documentation and records. Overall, Forum For The Future Of Higher Education demonstrates some positive aspects of governance, such as independent board members, documented board meetings, and a conflict of interest policy. However, there are areas where the organization could further strengthen its governance practices, such as implementing whistleblower and document retention policies.

Organization Growth

The nonprofit organization, Forum For The Future Of Higher Education, has experienced overall growth over the given time period. Contributions & Grants Received increased from $100.0K in 2014 to $491.0K in 2020, indicating an increase in external support. Employee Salaries also increased from $312.3K in 2014 to $342.2K in 2020, suggesting an expansion in the organization's workforce. Additionally, the number of Total Volunteers increased from 9 in 2014 to 10 in 2020, indicating a growth in community engagement. However, it is important to note that some line items, such as Program Service Revenue and Investment Income, are not meaningful or relevant to the discussion of growth over this time period.