Higher Learning Commission
- Assets
- $30.2m
- Revenue
- $14.6m
- Investments
- $62.6k
- Employees
- 60
- Location
- Chicago, IL
- Founding
- 06/2001
- Data as of
- 08/2022
- EIN
- 36-4405660
Organization Overview
Higher Learning Commission is located in Chicago, IL. The organization was established in 2001. According to its NTEE Classification (B40) the organization is classified as: Higher Education, under the broad grouping of Education and related organizations. As of 08/2022, Higher Learning Commission employed 60 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Higher Learning Commission 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 08/2022, Higher Learning Commission generated $14.6m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $15.5m during the year ending 08/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO DEVELOP AND MAINTAIN HIGH STANDARDS OF EDUCATION FOR UNIVERSITIES AND COLLEGES
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACCREDIT POST-SECONDARY INSTITUTIONS OF HIGHER EDUCATION
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Barbara Gellman-Danley President | Officer | 50 | $477,602 |
Dr Eric Martin Executive Vice President | 37.5 | $232,798 | |
Dr Anthea Sweeney Vice President For Legal And Regulat | 37.5 | $208,662 | |
Mike Seuring Vice President And Chief Financial Officer | Officer | 37.5 | $197,181 |
Marla Morgen General Counsel | 37.5 | $184,796 | |
Steven Reubart Office Manager | 37.5 | $183,914 |
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 | $233,925 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $233,925 |
| Total Program Service Revenue | $13,968,594 |
| Investment income | $477,188 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$113,359 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,566,348 |
| 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. | $777,400 |
| Compensation of current officers, directors, key employees. | $512,368 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,729,117 |
| Pension plan accruals and contributions | $554,266 |
| Other employee benefits | $1,299,167 |
| Payroll taxes | $446,416 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $71,139 |
| Fees for services: Accounting | $31,219 |
| Fees for services: Lobbying | $41,460 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $112,289 |
| Fees for services: Other | $333,641 |
| Advertising and promotion | $0 |
| Office expenses | $545,077 |
| Information technology | $583,911 |
| Royalties | $0 |
| Occupancy | $573,727 |
| Travel | $63,094 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,055,297 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $466,061 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $15,458,783 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,506,988 |
| Savings and temporary cash investments | $4,182,849 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,956,433 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $11,989 |
| Prepaid expenses and deferred charges | $367,243 |
| Net Land, buildings, and equipment | $1,950,211 |
| Investments—publicly traded securities | $20,147,513 |
| Investments—other securities | $62,614 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $29,517 |
| Total assets | $30,215,357 |
| Accounts payable and accrued expenses | $511,886 |
| Grants payable | $0 |
| Deferred revenue | $6,484,519 |
| 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 | $1,180,176 |
| Total liabilities | $8,176,581 |
| Net assets without donor restrictions | $22,038,776 |
| 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 | $30,215,357 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Higher Learning Commission has recieved totaling $500,000.
| Awarding Organization | Amount |
|---|---|
Lumina Foundation For Education Inc Indianapolis, IN PURPOSE: TO DEVELOP AND IMPLEMENT NEW QUALITY ASSURANCE APPROACHES THAT BETTER ACCOUNT FOR THE DIVERSITY OF TODAY'S STUDENTS' PATHWAYS AND THAT REFLECT THE EMERGING LUMINA TASK FORCE PRIORITIES FOR QUALITY IMPROVEMENT INDICATORS. | $500,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kansas City Art Institute Kansas City, MO | $176,074,045 | $52,746,007 |
Christel House Academy Inc Indianapolis, IN | $13,789,684 | $29,066,462 |
Higher Learning Commission Chicago, IL | $30,215,357 | $14,566,348 |
Lincoln Christian University Lincoln, IL | $26,403,234 | $11,063,987 |
Wisconsin Association Of Independent Colleges And Universit Madison, WI | $20,602,047 | $4,896,137 |
Institute For American Universities Batavia, IL | $0 | $2,168,286 |
Ascendium Education Group Inc Madison, WI | $2,297,580,826 | $30,305,077 |
Kentucky Mountain Bible College Incorporated Jackson, KY | $9,330,725 | $2,960,534 |
Illini Media Company Champaign, IL | $660,510 | $954,260 |
Association Of Independent Kentucy College And Universities Inc Frankfort, KY | $2,396,023 | $1,175,464 |
Missourian Publishing Assn Inc Columbia, MO | $128,213 | $1,005,599 |
Taskin Educational Organization Rolling Meadows, IL | $5,195,736 | $2,445,320 |