Veterans Education Success Inc
- Assets
- $3.7m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 11
- Location
- Washington, DC
- Founding
- 11/2013
- Data as of
- 12/2023
- EIN
- 46-2070196
Organization Overview
Veterans Education Success Inc is located in Washington, DC. The organization was established in 2013. According to its NTEE Classification (W05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2023, Veterans Education Success Inc employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Veterans Education Success Inc 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 12/2023, Veterans Education Success Inc generated $2.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 24.0% each year . All expenses for the organization totaled $1.6m during the year ending 12/2023. While expenses have increased by 32.1% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
SEE PART III, LINE 1.
Describe the Organization's Program Activity:
Part 3 - Line 4a
POLICY: PROVIDE POLICY ANALYSIS, EXPERTISE AND INFORMATION TO ASSIST FEDERAL AND STATE GOVERNMENT IN ADVANCING HIGHER EDUCATION SUCCESS FOR VETERANS, SERVICE MEMBERS AND THEIR FAMILIES AND SURVIVORS; IMPROVING COLLEGE QUALITY; AND STOPPING DECEPTIVE COLLEGE RECRUITING AND FRAUD BY PREDATORY COLLEGES.
TECHNICAL ASSISTANCE TO COLLEGES: TECHNICAL ASSISTANCE TO COLLEGES IN ADMINISTERING THE GI BILL AND NAVIGATING THE U.S. DEPARTMENT OF VETERANS AFFAIRS.
RESEARCH: CONDUCT NONPARTISAN, ACADEMIC RESEARCH INTO ISSUES OF PRIME IMPORTANCE TO STUDENT VETERANS, SERVICE MEMBERS AND THEIR FAMILIES, INCLUDING STUDENT OUTCOMES UNDER THE GI BILL.
FREE HELP FOR VETERANS/CIVIC ENGAGEMENT: PROVIDE FREE ASSISTANCE AND COLLEGE AND CAREER COUNSELING TO APPROXIMATELY 5,000 VETERANS, SERVICE MEMBERS AND THEIR FAMILIIES AND SURVIVORS (WITH APPROXIMATELY 15 NEW INCOMING VETERANS EACH WEEK) WHO NEED HELP WITH THEIR GI BILL OR PROBLEMS WITH THEIR POSTSECONDARY INSTITUTION OR WHO WERE VICTIMS OF PREDATORY COLLEGE RECRUITING AND FRAUD; HELP THEM CONNECT TO FEDERAL AND STATE GOVERNMENT RESOURCES. ALSO ASSIST WHISTLEBLOWERS IN CONNECTING WITH FEDERAL AND STATE LAW ENFORCEMENT.BRINGING VETERANS, SERVICE MEMBERS AND MILITARY FAMILIES TO SHARE THEIR STORIES WITH GOVERNMENT OFFICIALS AND GET HELP FROM THEIR GOVERNMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carrie Wofford President And Director | OfficerTrustee | 40 | $152,386 |
Daniel Smith Vice President And Director | OfficerTrustee | 2 | $0 |
Bethany Little Treasurer And Director | OfficerTrustee | 5 | $0 |
Thomas Tarantino Secretary And Director | OfficerTrustee | 2 | $0 |
Daniel Carey Director | Trustee | 2 | $0 |
William Hubbard VP For Veterans & Military Policy | 40 | $160,454 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
American Institutes For Research Research And Data Analysis | 12/30/22 | $286,323 |
Ward Circle Strategies Public Relation Services | 12/30/22 | $112,780 |
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 | $1,892,004 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,892,004 |
| Total Program Service Revenue | $0 |
| Investment income | $87,695 |
| 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 | $1,979,699 |
| 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. | $186,317 |
| Compensation of current officers, directors, key employees. | $13,042 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $693,415 |
| Pension plan accruals and contributions | $8,090 |
| Other employee benefits | $78,356 |
| Payroll taxes | $62,366 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $55,010 |
| Fees for services: Lobbying | $5,352 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $464,812 |
| Advertising and promotion | $2,864 |
| Office expenses | $15,927 |
| Information technology | $9,916 |
| Royalties | $0 |
| Occupancy | $5,400 |
| Travel | $1,638 |
| 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 | $0 |
| Insurance | $10,761 |
| All other expenses | $0 |
| Total functional expenses | $1,613,460 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,901,938 |
| Pledges and grants receivable | $234,118 |
| Accounts receivable, net | $570,683 |
| 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 | $2,692 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,709,431 |
| Accounts payable and accrued expenses | $12,599 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $12,599 |
| Net assets without donor restrictions | $2,540,022 |
| Net assets with donor restrictions | $1,156,810 |
| 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 | $3,709,431 |