Business-Higher Education Forum
- Assets
- $2.1m
- Revenue
- $2.8m
- Investments
- $0.0
- Employees
- 11
- Location
- Washington, DC
- Founding
- 11/2004
- Data as of
- 09/2022
- 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 09/2022, 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 09/2022, Bhef generated $2.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.0% each year. All expenses for the organization totaled $2.4m during the year ending 09/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Bhef has awarded 28 individual grants totaling $2,046,797. 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
2022
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
MEMBERSHIP - BHEF INCURS EXPENSES RELATED TO THE BUSINESS OF CONDUCTING MEMBERSHIP ACTIVITY, WHICH INVOLVES RECRUITMENT, RETENTION, AND COMMUNICATION. THIS IS ACHIEVED THROUGH IN-PERSON PHONE MEETINGS, CORRESPONDENCE, AND COMMUNICATION.
THE JPMC PROJECT IMPLEMENTS PROJECTS WITH BUSINESS ROUNDTABLE (BRT) COMPANIES IN IDENTIFIED REGIONS TO ACCELERATE ACCESS TO COMPETITIVE, READY-TO-WORK LEARNERS WITH IN-DEMAND SKILLS; FOSTER HIGH-PERFORMING INDUSTRY-HIGHER EDUCATION PARTNERSHIPS; AND EXPAND BUSINESS COMMITMENTS TO HIRING AND UPSKILLING WITH A FOCUS ON DIVERSE, TRADITIONALLY UNDERREPRESENTED POPULATIONS IN THE WORKFORCE. IN ADDITION TO SUPPORTING THE INDIVIDUAL REGIONAL PROJECTS, BHEF CONNECTS PARTNERS AND CAPTURES LEARNING ACROSS THE DIFFERENT INITIATIVES. THIS KNOWLEDGE CAPTURE WILL ALLOW ALL BRT AND BHEF MEMBERS TO BENEFIT AND LEARN FROM THE ACTIVITIES IN THIS WORK.
ECMC - THE CONNECTICUT DIGITAL TALENT ECOSYSTEM INITIATIVE (DTEI), LED BY THE BUSINESS-HIGHER EDUCATION FORUM (BHEF) AND THE NEW ENGLAND BOARD OF HIGHER EDUCATION (NEBHE) WITH SUPPORT FROM THE ECMC FOUNDATION, WILL PARTNER WITH CONNECTICUT'S COLLEGE OF TECHNOLOGY, COMMUNITY COLLEGES AND EMPLOYERS TO DEVELOP NEW CREDENTIALS AND PATHWAYS TO DIGITAL SKILLS, PARTICULARLY FOR UNDER AND UNEMPLOYED INDIVIDUALS IMPACTED BY THE COVID-19 PANDEMIC.
HIGHER EDUCATION WORKFORCE INITIATIVE (HEWI) - TO EXPAND OPPORTUNITIES FOR DIVERSE AND UNDER-REPRESENTED POPULATIONS IN THE AREAS OF STEM, DATA SCIENCE, AND CYBERSECURITY.TECH TALENT ACCELERATE SUPPORTS ACADEMIC INSTITUTIONS AND BUSINESSES IN CONNECTICUT IN DEVELOPING NEW ACADEMIC CREDENTIALS THAT ADDRESS PRESSING DIGITAL TECHNOLOGY SKILLS GAPS IN THE STATE. BHEF WORKS INDIVIDUALLY WITH COLLEGES AND UNIVERSITIES AND ALSO CONNECTS PARTNERS THROUGH A COMMUNITY OF PRACTICE. BHEF CAPTURES AND SHARES LEARNING WITHIN CONNECTICUT AND ACROSS BHEF'S MEMBERSHIP.CONFERENCES BHEF CONDUCTS SEMI-ANNUAL MEMBER CONFERENCES TO SUSTAIN THE CONTINUING DIALOGUE BETWEEN IT'S 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian K Fitzgerald Chief Executive Officer | Officer | 40 | $343,606 |
Danielle Troyan VP Of Membership | 40 | $198,634 | |
Jennifer Thornton VP Of Programs | 40 | $179,961 | |
Stacey Brown Sr. Director Of Fin & Admin | 40 | $147,462 | |
Janet Chen Director | 40 | $121,058 | |
Mary Papazian Chair | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Smithbucklin Corporation Management Services | 9/29/20 | $2,115,408 |
Livewire Strategic Communications Consultant | 9/29/20 | $132,000 |
Greater Washington Partnership Consulting Services | 9/29/20 | $100,000 |
Livewire Strategic Communications Consultant | 9/29/20 | $132,000 |
Greater Washington Partnership Consulting Services | 9/29/20 | $100,000 |
Smithbucklin Corporation Management Services | 9/29/20 | $2,115,408 |
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 | $1,567,438 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,567,438 |
| Total Program Service Revenue | $1,200,020 |
| Investment income | $23,180 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $23,217 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,813,855 |
| 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. | $370,365 |
| Compensation of current officers, directors, key employees. | $222,219 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,088,978 |
| Pension plan accruals and contributions | $55,094 |
| Other employee benefits | $47,455 |
| Payroll taxes | $99,135 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,946 |
| Fees for services: Accounting | $25,993 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $400,624 |
| Advertising and promotion | $0 |
| Office expenses | $94,698 |
| Information technology | $18,499 |
| Royalties | $0 |
| Occupancy | $118,265 |
| Travel | $35,285 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,759 |
| Insurance | $3,125 |
| All other expenses | $0 |
| Total functional expenses | $2,373,221 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,136,005 |
| Savings and temporary cash investments | $54,132 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $26,837 |
| 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 | $35,219 |
| Net Land, buildings, and equipment | $5,757 |
| Investments—publicly traded securities | $871,184 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,129,134 |
| Accounts payable and accrued expenses | $135,143 |
| Grants payable | $0 |
| Deferred revenue | $475,000 |
| 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 | $55,724 |
| Total liabilities | $665,867 |
| Net assets without donor restrictions | $682,644 |
| Net assets with donor restrictions | $780,623 |
| 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 | $2,129,134 |
Grants Awarded
Over the last fiscal year, Business-Higher Education Forum has awarded $622,984 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF MARYLAND COLLEGE PARK PURPOSE: IMPLEMENTING & EVALUATING MODELS FOR BUSINESS ENGAGEMENT TO INCREASE UNDERGRADUATE STEM STUDENT PERSISTENCE. | $40,000 |
Richmond, VA PURPOSE: IMPLEMENTING & EVALUATING MODELS FOR BUSINESS ENGAGEMENT TO INCREASE UNDERGRADUATE STEM STUDENT PERSISTENCE. | $40,000 |
Richmond, VA PURPOSE: IMPLEMENTING & EVALUATING MODELS FOR BUSINESS ENGAGEMENT TO INCREASE UNDERGRADUATE STEM STUDENT PERSISTENCE. | $40,000 |
UNIVERSITY OF MARYLAND COLLEGE PARK PURPOSE: IMPLEMENTING & EVALUATING MODELS FOR BUSINESS ENGAGEMENT TO INCREASE UNDERGRADUATE STEM STUDENT PERSISTENCE. | $40,000 |
VIRGINIA COMMONWEALTH UNIVERSITY PURPOSE: IMPLEMENTING & EVALUATING MODELS FOR BUSINESS ENGAGEMENT TO INCREASE UNDERGRADUATE STEM STUDENT PERSISTENCE. | $40,000 |
VIRGINIA COMMONWEALTH UNIVERSITY PURPOSE: IMPLEMENTING & EVALUATING MODELS FOR BUSINESS ENGAGEMENT TO INCREASE UNDERGRADUATE STEM STUDENT PERSISTENCE. | $40,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Business-Higher Education Forum has recieved totaling $100,000.
| Awarding Organization | Amount |
|---|---|
Northrop Grumman Foundation Falls Church, VA PURPOSE: GENERAL OPERATING GRANTS & MATCHING GIFTS. | $100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
America First Inc Arlington, VA | $3,850,844 | $14,195,522 |
National Student Clearinghouse Research Center Herndon, VA | $3,158,535 | $8,719,036 |
R Street Institute Washington, DC | $9,433,752 | $12,078,892 |
American Bankruptcy Institute Alexandria, VA | $21,045,850 | $6,767,069 |
Centerpoint Education Solutions Washington, DC | $2,694,353 | $5,212,147 |
National Association Of Independent Colleges & Universities Washington, DC | $15,482,036 | $7,647,704 |
Achieve Inc Silver Spring, MD | $324,503 | $3,902,025 |
Thomas B Fordham Institute Washington, DC | $10,011,588 | $4,932,903 |
Excelencia In Education Inc Washington, DC | $16,958,749 | $12,336,645 |
State Educational Technology Directors Association Glen Burnie, MD | $1,209,563 | $3,539,021 |
American Cornerstone Institute Inc Washington, DC | $2,381,561 | $5,226,033 |
National Council On Teacher Quality Washington, DC | $2,597,023 | $2,378,006 |