Northeast Ohio Council On Higher Education
- Assets
- $42.9k
- Revenue
- $358.4k
- Investments
- $0.0
- Employees
- 5
- Location
- Independence, OH
- Founding
- 12/1956
- Data as of
- 06/2019
- EIN
- 34-0838293
Organization Overview
Northeast Ohio Council On Higher Education is located in Independence, OH. The organization was established in 1956. According to its NTEE Classification (B40) the organization is classified as: Higher Education, under the broad grouping of Education and related organizations. As of 06/2017, Northeast Ohio Council On Higher Education employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Northeast Ohio Council On Higher Education 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 06/2019, Northeast Ohio Council On Higher Education generated $358.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (10.1%) each year. All expenses for the organization totaled $316.7k during the year ending 06/2019. As we would expect to see with falling revenues, expenses have declined by (17.6%) per year over the past 5 years. 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
2019
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE OTO INCREASE EDUCATIONAL ATTAINMENT LEADING TO POSTSECONDARY CREDENTIALS AND EMPLOYMENT AND TO ADVOCATE FOR HIGHER EDUCATION AS A STIMULUS FOR ECONOMIC DEVELOPMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NEOINTERN - PROMOTE INTERNSHIPS AS A TOP-OF-MIND REGIONAL BUSINESSPRACTICE; INCREASE EDUCATIONAL OPPORTUNITIES FOR EMPLOYERS TOUNDERSTAND THE VALUE OF INTERNSHIPS AND CREATE HIGH-QUALITYINTERNSHIP PROGRAMS; ENHANCE COLLABORATIVE OPPORTUNITES AMONGREGIONAL EMPLOYERS, INSTITUTIONS, STUDENTS AND ORGANIZATIONS.
NORTHEAST OHIO TALENT DIVIDEND IMPROVES THE REGION'S TALENT POOLBY FOCUSING ATTENTION AND EFFORTS ON INCREASING COLLEGE DEGREECOMPLETION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Holly J Harris-Bane President | Officer | 40 | $67,917 |
Dr Jay Alan Gershen Vice Chairman | OfficerTrustee | 1 | $0 |
Eric Small Treasurer | OfficerTrustee | 1 | $0 |
Robert Reffner Chairman | OfficerTrustee | 1 | $0 |
Tom Waltermire Secretary | OfficerTrustee | 1 | $0 |
Dr Alex Johnson Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $327,825 |
| Investment income | $0 |
| 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 | $358,439 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $3,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $75,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $58,099 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $43,504 |
| Payroll taxes | $11,857 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,896 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $45,981 |
| Advertising and promotion | $9,321 |
| Office expenses | $10,525 |
| Information technology | $3,156 |
| Royalties | $0 |
| Occupancy | $19,600 |
| Travel | $4,180 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,000 |
| Interest | $1,233 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $995 |
| Insurance | $2,161 |
| All other expenses | $0 |
| Total functional expenses | $316,697 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $31,301 |
| Savings and temporary cash investments | $276 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $4,979 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $42,855 |
| Accounts payable and accrued expenses | $10,240 |
| Grants payable | $0 |
| Deferred revenue | $14,822 |
| 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 | $0 |
| Total liabilities | $25,062 |
| Net assets without donor restrictions | $2,193 |
| Net assets with donor restrictions | $15,600 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $17,793 |
Grants Awarded
Over the last fiscal year, Northeast Ohio Council On Higher Education has awarded $675,000 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
KENT STATE UNIVERSITY PURPOSE: TALENT DIVIDEND | $143,750 |
Hiram, OH PURPOSE: SUB-AWARD | $143,750 |
NEOMED PURPOSE: TALENT DIVIDEND | $143,750 |
UNIVERSITY OF AKRON PURPOSE: TALENT DIVIDEND | $143,750 |
AKRON PUBLIC SCHOOLS PURPOSE: TALENT DIVIDEND | $25,000 |
Akron, OH PURPOSE: TALENT DIVIDEND | $25,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Northeast Ohio Council On Higher Education has recieved totaling $15,000.
| Awarding Organization | Amount |
|---|---|
Kulas Foundation Cleveland, OH PURPOSE: PROGRAMMATIC SUPPORT | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Christel House Academy Inc Indianapolis, IN | $13,789,684 | $29,066,462 |
Pennsylvania Academy Of The Fine Arts Philadelphia, PA | $133,610,587 | $20,470,730 |
Pennsylvania College Of Art And Design Lancaster, PA | $15,635,445 | $9,536,252 |
International Institute For Restorative Practices Bethlehem, PA | $9,904,972 | $8,760,911 |
Strategic Ohio Council For Higher E Ducation Beavercreek, OH | $6,812,573 | $4,928,002 |
Puritan Reformed Theological Seminary Grand Rapids, MI | $13,368,431 | $7,247,093 |
Kentucky Mountain Bible College Incorporated Jackson, KY | $9,330,725 | $2,960,534 |
Clarion Students Association Clarion, PA | $4,575,436 | $1,966,562 |
Susq-Cyber Charter School Bloomsburg, PA | $576,191 | $1,528,363 |
Association Of Independent Kentucy College And Universities Inc Frankfort, KY | $2,396,023 | $1,175,464 |
Grand Valley University Foundation Allendale, MI | $3,517,597 | $1,567,995 |
Collegiate Consortium For Workforce And Economic Development Media, PA | $782,366 | $1,148,165 |