Higher Edge Inc
- Assets
- $220.2k
- Revenue
- $271.9k
- Investments
- $0.0
- Employees
- 4
- Location
- New London, CT
- Founding
- 02/2014
- Data as of
- 06/2022
- EIN
- 46-2852512
Organization Overview
Higher Edge Inc is located in New London, CT. The organization was established in 2014. According to its NTEE Classification (B80) the organization is classified as: Student Services, under the broad grouping of Education and related organizations. As of 06/2022, Higher Edge Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Higher Edge 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 06/2022, Higher Edge Inc generated $271.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.2%) each year. All expenses for the organization totaled $238.3k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (2.6%) per year over the past 7 years. 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
HIGHER EDGE GUIDES LOW-INCOME AND FIRST-GENERATION STUDENTS THROUGH ENROLLMENT, RETENTION, AND GRADUATION FROM COLLEGE BY PROVIDING THE SUPPORT AND RESOURCES NEEDED FOR SUCCESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THROUGH ONE-ON-ONE ADVISING, STUDENTS LEARN TO NAVIGATE AND CONQUER THE DAUNTING COLLEGE APPLICATION PROCESS. ONCE THE STUDENT HAS BEEN ACCEPTED INTO A COLLEGE THEY ARE ADVISED AND MENTORED ON THEIR CAMPUSES FOR UP TO SIX YEARS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Katie Hallisey Executive Dir. | Trustee | 40 | $61,779 |
Kristi Kelly President | OfficerTrustee | 5 | $0 |
Tashawn Ward Treasurer | OfficerTrustee | 2 | $0 |
Sarah J Baker Bailey PHD Secretary | OfficerTrustee | 2 | $0 |
Devon Butler Member | Trustee | 2 | $0 |
Keith Turner Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $19,469 |
| All other contributions, gifts, grants, and similar amounts not included above | $241,876 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $261,345 |
| Total Program Service Revenue | $0 |
| Investment income | $53 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $7,690 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $271,923 |
| 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. | $61,779 |
| Compensation of current officers, directors, key employees. | $12,356 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $99,698 |
| Pension plan accruals and contributions | $173 |
| Other employee benefits | $0 |
| Payroll taxes | $13,511 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $850 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $861 |
| Fees for services: Other | $1,037 |
| Advertising and promotion | $437 |
| Office expenses | $3,702 |
| Information technology | $808 |
| Royalties | $0 |
| Occupancy | $24,284 |
| Travel | $358 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $674 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,007 |
| Insurance | $4,140 |
| All other expenses | $2,579 |
| Total functional expenses | $238,294 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $79,574 |
| Savings and temporary cash investments | $60,055 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $80,592 |
| Total assets | $220,221 |
| Accounts payable and accrued expenses | $400 |
| 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 | $400 |
| Net assets without donor restrictions | $139,229 |
| Net assets with donor restrictions | $80,592 |
| 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 | $220,221 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Higher Edge Inc has recieved totaling $11,000.
| Awarding Organization | Amount |
|---|---|
James P Shea And Mary E Shea Perpetual Trust Dallas, TX PURPOSE: UNRESTRICTED GENERAL | $11,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
F I T Student Housing Corporation New York, NY | $172,356,223 | $33,857,523 |
New Leaders New York, NY | $51,919,940 | $51,082,057 |
Morrisville Auxiliary Of State Univ College Of Agricult & Technology Morrisville, NY | $25,329,251 | $17,429,247 |
Faculty Student Association State University College At Fredonia Inc Fredonia, NY | $20,429,854 | $14,962,919 |
The Jain Family Institute New York, NY | $1,266,575 | $5,283,522 |
Brockport Auxilary Service Corporation Brockport, NY | $15,024,153 | $10,683,968 |
Albert Einstein College Of Medicine Staff Housing Company Inc Bronx, NY | $37,908,103 | $6,828,997 |
The Possible Project Inc Boston, MA | $20,628,656 | $12,891,174 |
Bernard M Baruch College Auxiliary Enterprises Corporation New York, NY | $2,835,381 | $7,073,623 |
The Boston Education Development Foundation Inc Roxbury, MA | $14,159,042 | $7,338,660 |
University At Buffalo Student Association Inc Buffalo, NY | $6,243,803 | $4,544,119 |
Handz-On Inc Hartford, CT | $1,667,828 | $5,148,389 |