Western States Learning Corporation
- Assets
- $7.3m
- Revenue
- $6.1m
- Investments
- $0.0
- Employees
- 25
- Location
- Cheyenne, WY
- Founding
- 09/2004
- Data as of
- 03/2022
- EIN
- 43-2038597
Organization Overview
Western States Learning Corporation is located in Cheyenne, WY. The organization was established in 2004. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 03/2022, Western States Learning Corporation employed 25 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Western States Learning Corporation 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 03/2022, Western States Learning Corporation generated $6.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.5% each year . All expenses for the organization totaled $6.1m during the year ending 03/2022. While expenses have increased by 12.9% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE MANAGEMENT, CONSULTING AND EDUCATIONAL SERVICES FOR OTHER CHARITABLE AND NONPROFIT ENTITIES. PROVIDE ADMINISTRATIVE AND TRAINING SERVICES FOR GOVERNMENTAL ENTITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED PLANNING, CONSULTING, TRAINING, AND BUSINESS SERVICES TO 60 NONPROFIT AND GOVERNMENTAL ENTITIES, PRIMARILY IN WYOMING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathy Cathcart President | OfficerTrustee | 40 | $111,528 |
Jody Shields Vice President | Officer | 40 | $98,006 |
Brittany Ashby Vice President | Officer | 40 | $97,354 |
Tucker Fagan Chairman | OfficerTrustee | 1 | $0 |
Shawn Reese Secretary | OfficerTrustee | 1 | $0 |
Michelle Dehoff Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Foresight Law Policy Llc Admin & Consulting | 3/30/22 | $200,000 |
Education Northwest Admin & Consulting | 3/30/22 | $317,000 |
3si Admin & Consulting | 3/30/22 | $448,458 |
Linden Admin & Consulting | 3/30/22 | $162,405 |
Wyomin Early Childhood Partnership Admin & Consulting | 3/30/22 | $520,548 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,014,120 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,014,120 |
| Total Program Service Revenue | $2,832,100 |
| Investment income | $135,421 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $115,509 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,097,150 |
| 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. | $359,426 |
| Compensation of current officers, directors, key employees. | $57,507 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $801,173 |
| Pension plan accruals and contributions | $29,558 |
| Other employee benefits | $66,641 |
| Payroll taxes | $86,025 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,072 |
| Fees for services: Accounting | $21,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $35,617 |
| Fees for services: Other | $2,800,958 |
| Advertising and promotion | $68,514 |
| Office expenses | $23,299 |
| Information technology | $939,976 |
| Royalties | $0 |
| Occupancy | $165,670 |
| Travel | $34,224 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $65,143 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,498 |
| Insurance | $10,171 |
| All other expenses | $67,059 |
| Total functional expenses | $6,054,401 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $836,462 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $730,474 |
| 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 | $24,809 |
| Net Land, buildings, and equipment | $53,564 |
| Investments—publicly traded securities | $5,247,316 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $385,460 |
| Total assets | $7,278,085 |
| Accounts payable and accrued expenses | $514,710 |
| Grants payable | $0 |
| Deferred revenue | $519,271 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $2,757 |
| 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 | $384,125 |
| Total liabilities | $1,420,863 |
| Net assets without donor restrictions | $5,857,222 |
| 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 | $7,278,085 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Western States Learning Corporation has recieved totaling $100,000.
| Awarding Organization | Amount |
|---|---|
Hughes Charitable Foundation Jackson, WY PURPOSE: RESTRICTED: ACE INTERFACE | $100,000 |
Endowment Analysis
| Beg. Balance | $5,343,244 |
| Earnings | $59,689 |
| Admin Expense | $35,617 |
| Other Expense | $120,000 |
| Ending Balance | $5,247,316 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Nebraska Student Loan Program Inc Lincoln, NE | $230,624,169 | $45,453,979 |
Montana Higher Education Student Assistance Corporation Helena, MT | $454,297,151 | $15,047,614 |
Waitt Foundation North Sioux City, SD | $157,175,219 | $6,009,824 |
Western Union Foundation Inc Denver, CO | $4,087,172 | $7,099,166 |
Davis Education Foundation Farmington, UT | $5,085,973 | $8,327,640 |
Foundation For Educational Funding Lincoln, NE | $161,530,703 | $9,132,107 |
Western States Learning Corporation Cheyenne, WY | $7,278,085 | $6,097,150 |
Prosperity Denver Fund Denver, CO | $29,340,017 | $14,622,453 |
J R Simplot Company Foundation Inc Boise, ID | $71,703,701 | $5,686,010 |
Reisher Family Foundation Lakewood, CO | $521,642,537 | $444,544,338 |
Idaho Association For The Education Of Young Children Boise, ID | $1,636,700 | $5,141,669 |
Papillion Lavista Schools Foundation Papillion, NE | $9,484,528 | $7,053,869 |