Business-Higher Education Forum
- Assets
- $2.5m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 11
- Location
- Washington, DC
- Founding
- 11/2004
- Data as of
- 09/2023
- EIN
- 34-1986692
Organization Overview
Business-Higher Education Forum, operating under the name Bhef, is located in Washington, DC. The organization was established in 2004. According to its NTEE Classification (B05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Education and related organizations. As of 09/2023, Bhef employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bhef 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, Bhef generated $2.3m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.8%) each year. All expenses for the organization totaled $2.8m during the year ending 09/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Bhef has awarded 19 individual grants totaling $1,735,305. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO ADVANCE INNOVATION SOLUTIONS TO AMERICA'S EDUCATION AND WORKFORCE CHALLENGES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FUNDED BY THE JPMORGAN CHASE FOUNDATION, THIS INITIATIVE PARTNERS WITH BUSINESS ROUNDTABLE (BRT) COMPANIES TO MEET THE DYNAMIC NEEDS OF BOTH EMPLOYERS AND REGIONAL ECONOMIES. BHEF SUPPORTS LEADING U.S. COMPANIES IN THEIR WORK WITH COMMUNITY COLLEGES AND FOUR-YEAR UNIVERSITIES TO OFFER APPRENTICESHIPS AND FILL HIGH-DEMAND JOBS IN FIELDS SUCH AS CYBERSECURITY, DATA ANALYTICS, SKILLED TRADES, PROFESSIONAL SERVICE ROLES AND OTHERS TAILORED TO MEET THE SPECIFIC DEMANDS OF EACH COMPANY AND REGION USING PROVEN, REPLICABLE, AND SCALABLE METHODS. THIS INITIATIVE ACCELERATES ACCESS TO TALENT, CREATES HIGH-PERFORMING PARTNERSHIPS, AND FOCUSES ON SUPPORTING DIVERSE AND TRADITIONALLY UNDERREPRESENTED GROUPS WITHIN THE WORKFORCE. IN ADDITION TO SUPPORTING THE INDIVIDUAL REGIONAL PROJECTS, BHEF CONNECTS PARTNERS AND CAPTURES LEARNING ACROSS THE DIFFERENT INITIATIVE TO SUPPORT MEMBERS AND THE BROADER WORKFORCE DEVELOPMENT FIELD.
FUNDED BY A STRADA GRANT TO WEST GEORGIA TECHNICAL COLLEGE (WGTC), BHEF PROVIDES TECHNICAL ASSISTANCE AND LABOR MARKET DATA FOR WGTC'S NEW ADVANCED MANUFACTURING REGIONAL TRAINING CENTER FOCUSED ON SERVING EMPLOYERS BY CLOSING THE SKILLS TALENT GAP IN THE FOUR-COUNTY REGION CLOSEST TO THE PROPOSED CENTER FACILITY. THE WORK AIMS TO ENHANCE THE EXISTING PHYSICAL CENTER TO MEET INDUSTRY PARTNER TRAINING NEEDS, EMBED INDUSTRY-DRIVEN EXPERIENTIAL LEARNING OPPORTUNITIES, ALIGN AND REFRESH PROGRAMMING AND CREDENTIALING, AND ON-BOARD STAFF TO LAUNCH, MARKET, AND SUSTAIN EMPLOYER PARTNERSHIPS. FUNDED BY THE NORTHROP GRUMMAN CORPORATION, BHEF FACILITATES WORK BETWEEN BUSINESSES, HIGHER EDUCATION INSTITUTIONS AND NON-PROFIT ORGANIZATIONS THAT PROVIDE OPPORTUNITIES FOR DIVERSE AND UNDER-REPRESENTED POPULATIONS TO PREPARE FOR CAREERS IN EMERGING SKILL AREAS.CONFERENCES BHEF CONDUCTS SEMI-ANNUAL MEMBER CONFERENCES TO SUSTAIN THE CONTINUING DIALOGUE BETWEEN ITS CORPORATE AND ACADEMIC MEMBERS AND FOUNDATION AND STRATEGIC PARTNERS ON ISSUES RELATED TO THE HIGHER EDUCATION, BUSINESS TALENT NEEDS, AND WORKFORCE DEVELOPMENT. POLICY-MAKERS FROM STATE AND FEDERAL GOVERNMENTS ARE OFTEN INVITED TO PARTICIPATE IN THESE DISCUSSIONS. ACADEMIC, BUSINESS, AND PHILANTHROPIC LEADERS AT THE CUTTING-EDGE OF TECHNOLOGIES AND EDUCATIONAL PROGRAMMING PARTICIPATE. MANY GIVE PRESENTATIONS ON SUCCESSFUL LOCAL EDUCATIONAL EFFORTS THAT MAY BE APPLICABLE ON A BROADER REGIONAL OR NATIONAL SCALE. BHEF ALSO HOSTS VIRTUAL AND IN-PERSON CONVENINGS ON TOPICS AT THE INTERSECTION OF BUSINESS AND HIGHER EDUCATION.
MEMBERSHIP - BHEF INCURS EXPENSES RELATED TO THE BUSINESS OF CONDUCTING MEMBERSHIP ACTIVITY, WHICH INVOLVES RECRUITMENT, RETENTION, AND COMMUNICATION. THIS IS ACHIEVED THROUGH IN-PERSON, VIDEO AND PHONE MEETINGS, CORRESPONDENCE, AND COMMUNICATION.
FUNDED BY CONNECTICUT'S OFFICE OF WORKFORCE STRATEGY, TECH TALENT ACCELERATOR, LED BY THE BUSINESS-HIGHER EDUCATION FORUM (BHEF) AND THE NEW ENGLAND BOARD OF HIGHER EDUCATION (NEBHE) CREATES BUSINESS HIGHER EDUCATION PARTNERSHIPS THAT DEVELOP NEWLY TAILORED CREDENTIALS AVAILABLE TO CONNECTICUT'S LEARNERS IN HIGH DEMAND TECHNOLOGY FIELDS SUCH AS CLOUD COMPUTING, CYBERSECURITY, AND MOBILE APPLICATION DEVELOPMENT. BHEF SUPPORTS EDUCATORS AND BUSINESS PARTNERS WITH A COMMUNITY OF PRACTICE TO LEARN BEST PRACTICES FOR DEVELOPING INDUSTRY-VALIDATED PROGRAMS AND EMBEDDING IN-DEMAND CREDENTIALS AND A PLATFORM FOR ENGAGING WITH STATEWIDE TECH TALENT AND WORKFORCE DEVELOPMENT INITIATIVES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian A Napack Chair | OfficerTrustee | 1 | $0 |
Timothy D Sands Vice Chair | OfficerTrustee | 1 | $0 |
Joseph E Aoun Board Member | Trustee | 1 | $0 |
Jeffrey D Armstrong Board Member | Trustee | 1 | $0 |
Brandon Busteed Board Member | Trustee | 1 | $0 |
John J Degioia Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Livewire Strategic Communications Consultant | 9/29/20 | $132,000 |
Smithbucklin Corporation Management Services | 9/29/20 | $2,115,408 |
Greater Washington Partnership Consulting Services | 9/29/20 | $100,000 |
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 | $1,245,584 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,245,584 |
| Total Program Service Revenue | $1,014,138 |
| Investment income | $19,153 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$13,184 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,265,691 |
| 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. | $281,151 |
| Compensation of current officers, directors, key employees. | $168,691 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,421,681 |
| Pension plan accruals and contributions | $70,307 |
| Other employee benefits | $46,016 |
| Payroll taxes | $120,708 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $38,253 |
| Fees for services: Accounting | $16,550 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $482,179 |
| Advertising and promotion | $0 |
| Office expenses | $95,507 |
| Information technology | $9,306 |
| Royalties | $0 |
| Occupancy | $117,667 |
| Travel | $66,916 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $56,659 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,615 |
| Insurance | $9,422 |
| All other expenses | $0 |
| Total functional expenses | $2,837,937 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,059,926 |
| Savings and temporary cash investments | $55,168 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,085 |
| 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 | $15,190 |
| Net Land, buildings, and equipment | $142 |
| Investments—publicly traded securities | $572,842 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $817,713 |
| Total assets | $2,524,066 |
| Accounts payable and accrued expenses | $161,059 |
| Grants payable | $0 |
| Deferred revenue | $545,000 |
| 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 | $881,296 |
| Total liabilities | $1,587,355 |
| Net assets without donor restrictions | -$8,684 |
| Net assets with donor restrictions | $945,395 |
| 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 | $2,524,066 |
Grants Awarded
Over the last fiscal year, Business-Higher Education Forum has awarded $311,492 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
HOWARD UNIVERSITY PURPOSE: IMPLEMENTING & EVALUATING MODELS FOR BUSINESS ENGAGEMENT TO INCREASE UNDERGRADUATE STEM STUDENT PERSISTENCE. | $34,000 |
VIRGINIA TECH UNIVERSITY PURPOSE: IMPLEMENTING & EVALUATING MODELS FOR BUSINESS ENGAGEMENT TO INCREASE UNDERGRADUATE STEM STUDENT PERSISTENCE. | $39,952 |
GEORGETOWN UNIVERSITY PURPOSE: IMPLEMENTING & EVALUATING MODELS FOR BUSINESS ENGAGEMENT TO INCREASE UNDERGRADUATE STEM STUDENT PERSISTENCE. | $19,860 |
GEORGE MASON UNIVERSITY PURPOSE: IMPLEMENTING & EVALUATING MODELS FOR BUSINESS ENGAGEMENT TO INCREASE UNDERGRADUATE STEM STUDENT PERSISTENCE. | $39,999 |
AMERICAN UNIVERSITY PURPOSE: IMPLEMENTING & EVALUATING MODELS FOR BUSINESS ENGAGEMENT TO INCREASE UNDERGRADUATE STEM STUDENT PERSISTENCE. | $39,999 |
THE GEORGE WASHINGTON UNIVERSITY PURPOSE: IMPLEMENTING & EVALUATING MODELS FOR BUSINESS ENGAGEMENT TO INCREASE UNDERGRADUATE STEM STUDENT PERSISTENCE. | $17,682 |