Strategic Ohio Council For Higher E Ducation
- Assets
- $8.1m
- Revenue
- $6.6m
- Investments
- $0.0
- Employees
- 210
- Location
- Beavercreek, OH
- Founding
- 04/1971
- Data as of
- 06/2023
- EIN
- 23-7109141
Organization Overview
Strategic Ohio Council For Higher E Ducation is located in Beavercreek, OH. The organization was established in 1971. According to its NTEE Classification (B40) the organization is classified as: Higher Education, under the broad grouping of Education and related organizations. As of 06/2023, Strategic Ohio Council For Higher E Ducation employed 210 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Strategic Ohio Council For Higher E Ducation 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 06/2023, Strategic Ohio Council For Higher E Ducation generated $6.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.2% each year. All expenses for the organization totaled $6.3m during the year ending 06/2023. While expenses have increased by 7.5% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
SOCHE IS THE COLLABORATIVE INFRASTRUCTURE FOR HIGHER EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
STUDENT RESEARCH - THE ORGANIZATION'S STUDENT INTERNSHIP PROGRAM PROVIDES SCIENCE AND ENGINEERING STUDENTS AT WRIGHT PATTERSON AIR FORCE BASE AND THE AIR FORCE INSTITUTE OF TECHNOLOGY AND STUDENTS OF ALL OCCUPATIONAL SPECIALTIES IN COMPANIES ACROSS THE REGION. STUDENTS BENEFIT BOTH ACADEMICALLY AND FINANCIALLY BY WORKING IN STATEOFTHEART LABORATORIES WITH TOP PROFESSIONALS. ADDITIONALLY, THEY CAN USE THIS EXPERIENCE FOR CAPSTONE PROJECTS, COOPERATIVE EDUCATION AND GRADUATE RESEARCH. THE AIR FORCE AND REGION RECEIVE THE BENEFIT OF STUDENTS WHO BRING ENERGY AND NEW IDEAS TO PROJECTS. THE ORGANIZATION CONTINUES TO EXPAND INTERNSHIPS IN INDUSTRY CLUSTERS IN THE REGION TO INCREASE ECONOMIC VITALITY BY SECURING A FUTURE WORK FORCE.
EDUCATIONAL PROGRAMS - THE ORGANIZATION IS A CONSORTIUM OF LOCAL COLLEGES, UNIVERSITIES AND OTHER EDUCATION-RELATED ENTITIES WITH PROGRAMS DESIGNED TO ADVANCE HIGHER EDUCATION IN THE REGION. THE ORGANIZATION OFFERS SEVERAL PROFESSIONAL DEVELOPMENT CONFERENCES ANNUALLY ON TOPICS RELEVANT TO ITS MEMBERS. THE ORGANIZATION ALSO OFFERS CROSS REGISTRATION RESOURCES SO THAT STUDENTS FROM MEMBER INSTITUTIONS CAN BROADEN THEIR RANGE OF STUDY AND ACADEMIC EXPERIENCES BY ATTENDING COURSES OFFERED BY OTHER MEMBER INSTITUTIONS. THE ORGANIZATION ALSO PROVIDES MEMBERS WITH ACCESS TO WRIGHT PATTERSON AIR FORCE BASE BY SERVING AS A CLEARINGHOUSE FOR INFORMATION AND OFFERING ACADEMIC ADVISORY ASSISTANCE TO THE BASE'S EMPLOYEES AND THEIR FAMILIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Doreen Larson Trustee - Chair | OfficerTrustee | 1 | $0 |
Michael Frandsen Trustee - Vice Chair | OfficerTrustee | 1 | $0 |
Karen Schuster Webb Trustee - Treasurer | OfficerTrustee | 1 | $0 |
Jo Alice Blondin Trustee - Member At Large | OfficerTrustee | 1 | $0 |
Eric Spina Trustee - Member At Large | OfficerTrustee | 1 | $0 |
Jack Thomas Trustee - Member At Large | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $142,500 |
| 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 | $142,500 |
| Total Program Service Revenue | $6,267,019 |
| Investment income | $108,864 |
| 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 | $6,559,582 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $231,870 |
| Compensation of current officers, directors, key employees. | $61,390 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,368,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $30,325 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $20,046 |
| Fees for services: Other | $119,077 |
| Advertising and promotion | $20,446 |
| Office expenses | $267,307 |
| Information technology | $67,100 |
| Royalties | $0 |
| Occupancy | $63,090 |
| Travel | $10,992 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $37,510 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,915 |
| Insurance | $6,734 |
| All other expenses | $14,162 |
| Total functional expenses | $6,285,101 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,010,760 |
| Savings and temporary cash investments | $11,584 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,756,928 |
| 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 | $111,246 |
| Net Land, buildings, and equipment | $13,137 |
| Investments—publicly traded securities | $2,876,608 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $324,523 |
| Total assets | $8,104,786 |
| Accounts payable and accrued expenses | $1,058,285 |
| Grants payable | $0 |
| Deferred revenue | $4,752,726 |
| 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 | $330,339 |
| Total liabilities | $6,141,350 |
| Net assets without donor restrictions | $1,963,436 |
| 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 | $8,104,786 |