State Higher Education Executive
- Assets
- $9.6m
- Revenue
- $5.4m
- Investments
- $0.0
- Employees
- 23
- Location
- Boulder, CO
- Founding
- 12/1981
- Data as of
- 09/2023
- EIN
- 23-7167258
Organization Overview
State Higher Education Executive is located in Boulder, CO. The organization was established in 1981. According to its NTEE Classification (B03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Education and related organizations. As of 09/2023, State Higher Education Executive employed 23 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. State Higher Education Executive 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 09/2023, State Higher Education Executive generated $5.4m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.1% each year . All expenses for the organization totaled $5.3m during the year ending 09/2023. While expenses have increased by 9.3% 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
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS AND CONTRACTS: SHEEO RECEIVES FUNDS FROM GRANTING AGENCIES TO PERFORM DESCRIBED WORK IN HIGHER EDUCATION POLICY. DURING THE FISCAL YEAR ENDING SEPTEMBER 30, 2023, SHEEO RECEIVED GRANTS FROM LUMINA FOUNDATION IN SUPPORT OF STATE AUTHORIZATION AND EQUITY INITIATIVES. SHEEO RECEIVED FUNDING FROM THE BILL & MELINDA GATES FOUNDATION FOR CREATING AWARENESS OF LONGITUDINAL DATA, TO CREATE DATA COMMUNITIES OF PRACTICE, AND TO INCREASE THE CAPACITY OF SHEEOS WORK WITH STATES. ARNOLD FOUNDATION PROVIDED GRANTS FOR WORK RELATED TO STATE AUTHORIZATION AND COLLEGE CLOSURES. ECMC FOUNDATION PROVIDED ADDITIONAL FUNDING FOR PROJECTS ON COLLEGE ATTAINMENT AND TRANSFER STANDARDS.
PROJECT ACTIVITY: PLANNED AND AD HOC RESEARCH ON HIGHER EDUCATION POLICY TO SUPPORT SHEEO MEMEBERS' ACTIVITIES IN THE STATES. THIS INCLUDES TRAVEL EXPENSES TO ATTEND NATIONAL MEETINGS AND SALARIES TO SHEEO STAFF MEMBERS WORKING ON HIGHER EDUCATION POLICY.
CONFERENCES - SHEEO PRESENTS ANNUAL CONFERENCES FOR SHEEO MEMBERS AND OTHER STATE AND NATIONAL LEADERS OF HIGHER EDUCATION POLICY:1) SHEEO ANNUAL MEETING, TAILORED ESPECIALLY FOR THE CEO'S OF HIGHER EDUCATION IN THE STATES2) SHEEO HIGHER EDUCATION POLICY CONFERENCE, A POLICY AND PROFESSIONAL DEVELOPMENT CONFERENCE BRINGING TOGETHER OVER 350 STATE EXECUTIVE OFFICERS, ACADEMIC OFFICERS, FINANCE OFFICERS, GOVERNMENT RELATIONS/COMMUNICATIONS OFFICERS, CHIEF INFORMATION OFFICERS, AND OTHERS WORKING IN HIGHER EDUCATION POLICY POSITIONS. AND CREATION OF THE STATE HIGHER EDUCATION FINANCE ANNUAL SURVEY AND REPORT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Anderson President | Officer | 40 | $321,042 |
Christina E Whitfield Senior VP | Officer | 40 | $205,916 |
John Lane VP Academic Affair | 40 | $150,118 | |
Thomas Harnisch VP Govt Relations | 40 | $142,115 | |
David Szczesny Dir Of Finance | Officer | 40 | $109,775 |
Brian Bridges Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,055,068 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,657,525 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,712,593 |
| Total Program Service Revenue | $578,591 |
| Investment income | $84,160 |
| 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 | $5,380,633 |
| 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. | $1,004,478 |
| Compensation of current officers, directors, key employees. | $395,577 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,254,373 |
| Pension plan accruals and contributions | $199,877 |
| Other employee benefits | $94,935 |
| Payroll taxes | $155,330 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $89,539 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $71,047 |
| Information technology | $102,801 |
| Royalties | $0 |
| Occupancy | $293,852 |
| Travel | $205,719 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $911,932 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,346 |
| Insurance | $21,394 |
| All other expenses | -$2,516 |
| Total functional expenses | $5,288,171 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,615,446 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $27,355 |
| 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 | $33,001 |
| Net Land, buildings, and equipment | $5,003 |
| Investments—publicly traded securities | $6,549,416 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,393,315 |
| Total assets | $9,623,536 |
| Accounts payable and accrued expenses | $216,375 |
| Grants payable | $0 |
| Deferred revenue | $4,648,679 |
| 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 | $697,928 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $5,562,982 |
| Net assets without donor restrictions | $4,060,554 |
| 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 | $9,623,536 |