Center For Excellence In Highereducation Inc
- Assets
- $153.5m
- Revenue
- $146.1m
- Investments
- $0.0
- Employees
- 1,933
- Location
- Salt Lake City, UT
- Founding
- 09/2007
- Data as of
- 12/2021
- EIN
- 20-8091013
Organization Overview
Center For Excellence In Highereducation Inc is located in Salt Lake City, UT. The organization was established in 2007. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 12/2021, Center For Excellence In Highereducation Inc employed 1,933 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Center For Excellence In Highereducation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Center For Excellence In Highereducation Inc generated $146.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.8%) each year. All expenses for the organization totaled $172.2m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by 0.0% per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Center For Excellence In Highereducation Inc has awarded 43 individual grants totaling $21,985,972. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
POST-SECONDARY EDUCATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION MAKES DESIGNATED AND UNDESIGNATED GRANTS TO OTHER CHARITABLE ORGANIZATIONS. THE ORGANIZATION SUPPORTS OTHER INSTITUTIONS WHICH PROMOTE HIGHER EDUCATION AND ECONOMICS.
THE ORGANIZATION OWNS AND OPERATES STEVENS-HENAGER COLLEGE, COLLEGEAMERICA ARIZONA, COLLEGEAMERICA DENVER, CALIFORNIA COLLEGE SAN DIEGO, INDEPENDENCE UNIVERSITY, (THE COLLEGES) AS NONPROFIT COLLEGES ORGANIZED AND OPERATED EXCLUSIVELY FOR EDUCATIONAL PURPOSES. THE PRINCIPAL FUNCTION OF THE ORGANIZATION IS THE PRESENTATION OF FORMAL INSTRUCTION BY ITS REGULARLY MAINTAINED FACULTY AND CURRICULUM TO ITS REGULARLY ENROLLED BODY OF PUPILS OR STUDENTS IN ORDER FOR STUDENTS TO OBTAIN A DEGREE AND OBTAIN EMPLOYMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eric Juhlin CEO | Officer | 40 | $3,683,144 |
Paul Gardner Chief Financial Officer | Officer | 40 | $1,022,329 |
Kody Larsen Chief Operating Officer | Officer | 40 | $1,004,332 |
Sherrie Kaschmitter VP Advertising | Officer | 40 | $664,227 |
Matthew Gerber General Counsel | Officer | 40 | $602,810 |
Susan G Reed VP Compliance | Officer | 40 | $582,673 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Gombos & Leyton Pc Legal Services | 12/30/21 | $5,690,600 |
Google Inc Advertising Services | 12/30/21 | $1,967,209 |
Edufficient Llc Advertising Mangement | 12/30/21 | $5,634,101 |
Facebook Advertising Services | 12/30/21 | $1,465,774 |
Simulmedia Inc Media Services | 12/30/21 | $1,148,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $143,056,958 |
| Investment income | $33,116 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $146,077,227 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,000,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $9,414,589 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $45,846,908 |
| Pension plan accruals and contributions | $154,234 |
| Other employee benefits | $5,486,903 |
| Payroll taxes | $4,304,368 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,429,750 |
| Fees for services: Accounting | $249,518 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $19,002,077 |
| Advertising and promotion | $14,477,460 |
| Office expenses | $649,532 |
| Information technology | $4,468,111 |
| Royalties | $0 |
| Occupancy | $13,244,184 |
| Travel | $17,980 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $161,147 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,220,481 |
| Insurance | $264,888 |
| All other expenses | $0 |
| Total functional expenses | $172,232,046 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,244,315 |
| Savings and temporary cash investments | $542,363 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $63,031,749 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $81,487,664 |
| Other assets | $6,157,273 |
| Total assets | $153,463,364 |
| Accounts payable and accrued expenses | $10,470,463 |
| Grants payable | $2,776,115 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $23,409,143 |
| Total liabilities | $36,655,721 |
| Net assets without donor restrictions | $116,807,643 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $153,463,364 |
Grants Awarded
Over the last fiscal year, Center For Excellence In Highereducation Inc has awarded $5,756,309 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
CLEMSON INSTITUTE PURPOSE: TO SUPPORT THE CLEMSON INSTITUTE FOR THE STUDY OF CAPITALISM AND ITS LYCEUM SCHOLARS ACADEMIC PROGRAM IN WHICH SCHOLARS TAKE A SEQUENCE OF EIGHT COURSES TOGETHER AS A COHORT | $1,771,467 |
Glen Allen, VA PURPOSE: TO PROVIDE EDUCATION FORUMS TO YOUNG PROFESSIONALS AND STUDENTS, TO PROVIDE THE PRINICIPLES OF OBJECTIVISM AND ITS LIFE-SERVING PHILOSPHY. | $1,500,000 |
Charlotte, NC PURPOSE: LEARN TO USE FORMAL MODELS TO EXPLAIN HOW MARKETS AND POLITICAL INSTITUTIONS CAN FACILITATE SOCIAL COOPERATION. | $964,500 |
Washington, DC PURPOSE: DEDICATED TO THE PRINCIPLES OF INDIVIDUAL LIBERTY, LIMITED GOVERNMENT, FREE MARKETS, AND PEACE. | $550,000 |
INTENTIONAL LIFE LAB GRANT PURPOSE: TO DEVELOPE CONTENT THAT PROVIDES AMPLE OPPORTUNITY FOR STUDENTS TO DEVELOPE CORE COMPONENTS OF AN INTENTIONAL LIFE THROUGH THOUGHTFUL REFLECTION ABOUT THEMSELVES. | $500,000 |
Trabuco Canyon, CA PURPOSE: TO VALIDATE THE PERFORMANCE OF AUTONOMOUS CONCEPTUAL VOCABULARY LEARNING AND DEVELOP A PROTOTYPE WITH DETAILED DESIGN SPECS AND RECOMMENDATIONS. | $340,342 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Center For Excellence In Highereducation Inc has recieved totaling $250,000.
| Awarding Organization | Amount |
|---|---|
Prometheus Foundation Crystal Bay, NV PURPOSE: DOMESTIC NEEDS | $250,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Center For Excellence In Highereducation Inc Salt Lake City, UT | $153,463,364 | $146,077,227 |
The College Of Idaho Inc Caldwell, ID | $172,477,776 | $58,915,354 |
Northwest Nazarene University Inc Nampa, ID | $150,539,904 | $62,049,602 |
Arizona Christian University Glendale, AZ | $57,965,116 | $41,715,936 |
Armand Hammer United World College Of The American West Montezuma, NM | $400,858,910 | $44,401,758 |
Institute Of American Indian & Alaska Native Culture & Arts Santa Fe, NM | $85,848,519 | $25,390,342 |
Sierra Nevada College Incline Village, NV | $45,898,169 | $25,316,943 |
University Of The Southwest Hobbs, NM | $18,198,087 | $18,560,703 |
University Of Utah Asian Campus At Songdo Salt Lake City, UT | $5,674,461 | $11,524,178 |
Fort Lewis College Foundation Durango, CO | $38,090,331 | $11,431,239 |
Metropolitan State University Of Denver Foundation Inc Denver, CO | $39,509,608 | $8,404,522 |
New Saint Andrews College Inc Moscow, ID | $6,400,255 | $5,399,680 |