National Student Clearinghouse is located in Herndon, VA. The organization was established in 2016. According to its NTEE Classification (B01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Education and related organizations. As of 06/2023, National Student Clearinghouse employed 437 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. National Student Clearinghouse is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 06/2023, National Student Clearinghouse generated $96.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.5% each year. All expenses for the organization totaled $101.8m during the year ending 06/2023. While expenses have increased by 9.9% per year over the past 8 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.
Since 2016, National Student Clearinghouse has awarded 24 individual grants totaling $271,000. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO SERVE EDUCATION & WORKFORCE COMMUNITIES WITH TRUSTED DATA, RELATED SERVICES & INSIGHTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION DATA EXCHANGE SERVICES - SEE SCHEDULE OEDUCATION DATA EXCHANGE SERVICES: ON BEHALF OF PARTICIPATING POST-SECONDARY INSTITUTIONS, NATIONAL STUDENT CLEARINGHOUSE PROVIDES A CENTRAL AUTHENTICATED DATA EXCHANGE PLATFORM AMONG PARTICIPATING EDUCATIONAL INSTITUTIONS TO MEET THEIR COLLECTIVE NEED FOR THE SECURE AND CONFIDENTIAL TRANSFER AND ACCESS TO ACADEMIC DATA. NATIONAL STUDENT CLEARINGHOUSE PROVIDES A TRANSCRIPT ORDERING PLATFORM, WHICH IS AVAILABLE TO ALL PARTICIPATING INSTITUTIONS, WHICH PROCESSED ORDERS FOR OVER 6.2 MILLION TRANSCRIPTS FROM THE INSTITUTION'S STUDENTS TO: 1) OTHER POST-SECONDARY INSTITUTIONS FOR CONSIDERATION OF STUDENT ENROLLMENT APPLICATIONS. 2) EMPLOYERS SO THAT PARTICIPATING INSTITUTIONS CAN SUPPORT THE TRANSITION OF STUDENTS TO GAINFUL EMPLOYMENT AND PRESERVE THE INTEGRITY OF THE EDUCATION SYSTEM BY ELIMINATING FRAUD.3) ADMISSIONS OFFICERS WHO HAVE A SIGNED STUDENT CONSENT MEETING THE FERPA CONSENT REQUIREMENTS TO ORDER TRANSCRIPTS FOR THEIR INSTITUTION'S ADMITTED STUDENTS AND APPLICANTS.
RESEARCH SERVICES:ON BEHALF OF PARTICIPATING POST-SECONDARY INSTITUTIONS, NATIONAL STUDENT CLEARINGHOUSE IS AUTHORIZED TO MAINTAIN A DATABASE OF THE COLLEGE ENROLLMENT AND DEGREE DATA FOR APPROXIMATELY 3,600 PARTICIPATING COLLEGES AND UNIVERSITIES WHICH ENABLES ADMINISTRATORS AT HIGH SCHOOLS, COLLEGES AND UNIVERSITIES, AND OTHER EDUCATION ORGANIZATIONS TO ACCESS STUDENT DATA TO PERFORM EDUCATIONAL RESEARCH AND ANALYSES. RESEARCH SERVICES ALSO PERFORMS ANALYSIS ON THESE DATA BASED ON CUSTOMER-DEFINED REQUIREMENTS TO FURTHER THE ASSESSMENTS MADE REGARDING THE SUCCESS OF VARIOUS ACADEMIC PROGRAMS AT THE LOCAL, STATE, AND NATIONAL LEVELS; ENABLE MANDATORY STATE AND FEDERAL OUTCOMES REPORTING; AND FACILITATE IMPROVEMENT TO THE QUALITY OF THE K-20 EDUCATION SYSTEM.ENROLLMENT VERIFICATION SERVICES:THE NATIONAL STUDENT CLEARINGHOUSE IS AUTHORIZED BY PARTICIPATING POST-SECONDARY INSTITUTIONS TO MAINTAIN A COMPREHENSIVE ENROLLMENT DATABASE. AS THEIR AGENT, IT PROVIDES LIMITED ACCESS TO VERIFY STUDENT RECORDS TO PROVIDERS OF BENEFITS TO STUDENTS AND GRADUATES DEPENDENT ON ENROLLMENT STATUS. THIS HELPS TO PRESERVE THE INTEGRITY OF THE EDUCATION SYSTEM BY ELIMINATING FRAUD. THE PROCESS AUTOMATES ALL ENROLLMENT VERIFICATIONS FOR CREDIT GRANTORS, TRAVEL COMPANIES, COMPUTER HARDWARE AND SOFTWARE RESELLERS. THIS IMPROVES EFFICIENCY AND STUDENT SERVICE AND REDUCES FRAUDULENT STUDENT STATUS CLAIMS. THE SERVICE IS FREE FOR INSTITUTIONS AND IS FERPA COMPLIANT.
ENROLLMENT REPORTING SERVICES - SEE SCHEDULE OENROLLMENT REPORTING SERVICES: THE NATIONAL STUDENT CLEARINGHOUSE WAS ESTABLISHED IN 1993 TO MEET A SPECIFIC NEED IN THE US EDUCATION SYSTEM. SINCE THEN, ON BEHALF OF PARTICIPATING POST-SECONDARY INSTITUTIONS ENROLLING 97% OF THE US STUDENT POPULATION, THE NATIONAL STUDENT CLEARINGHOUSE HAS COMPLETED ALL REQUIRED STUDENT LOAN ENROLLMENT VERIFICATION ACTIVITIES. ALL RELATED STUDENT VERIFICATION RECORDS WERE REPORTED TO THE US DEPARTMENT OF EDUCATION, ALL STATE AND NON-PROFIT GUARANTEE AGENCIES, AND THE STUDENT LOAN SERVICING ORGANIZATIONS. THIS HAS RESULTED IN A REDUCED ADMINISTRATIVE WORKLOAD, MORE PROMPT AND ACCURATE REPORTING OF DEFERMENTS, IMPROVED SERVICE TO STUDENTS AND FINANCIAL AID PROVIDERS, ELIMINATION OF MANUAL STUDENT LOAN-BASED VERIFICATIONS, GREATER ENROLLMENT REPORTING AND RECORD-KEEPING EFFICIENCY, AND DECREASED LOAN DELINQUENCY AND DEFAULT RATES.
DEGREE VERIFICATION SERVICES - SEE SCHEDULE ODEGREE VERIFICATION SERVICES:PARTICIPATING POST-SECONDARY INSTITUTIONS HAVE AUTHORIZED THE NATIONAL STUDENT CLEARINGHOUSE TO MAINTAIN A COMPREHENSIVE DEGREE DATABASE, FOR THE PURPOSE OF ENHANCING EDUCATION INFORMATION ACCURACY AND ELIMINATING FRAUD. AS AN AGENT OF THESE INSTITUTIONS, THE CLEARINGHOUSE IS AUTHORIZED TO PROVIDE LIMITED ACCESS TO THE PORTIONS OF THIS DATA THAT VERIFY DEGREE ATTAINMENT FOR:1) OTHER POST-SECONDARY INSTITUTIONS AND HIGHER EDUCATION ORGANIZATIONS SO THAT THEY COULD COMPLY WITH THE U.S. DEPARTMENT OF EDUCATION-MANDATED PERFORMANCE REPORTING.2) EMPLOYERS SO THAT INSTITUTIONS CAN SUPPORT THE TRANSITION OF STUDENTS AND GRADUATES TO GAINFUL EMPLOYMENT.3) PROVIDERS OF BENEFITS TO GRADUATES THAT IS DEPENDENT ON A GRADUATE'S STATUS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Mr Michael Collins Board Chair | Trustee | 1 | $0 |
Dr Debra Chromy Board Vice Chair | Trustee | 1 | $0 |
Dr Barbara Brittingham Director | Trustee | 1 | $0 |
Mr Robert Fitzgerald Director | Trustee | 1 | $0 |
Mr Vincent Grimard Director | Trustee | 1 | $0 |
Ms Kathleen Mcneely Director | Trustee | 1 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Infinitive It Consulting | 6/29/23 | $3,786,835 |
Neovera Inc It Consulting | 6/29/23 | $766,607 |
Gsds Group Inc It Consulting | 6/29/23 | $1,161,193 |
Slalom Llc Dba Slalom Consulting It Consulting | 6/29/23 | $3,553,973 |
Ibm Corporation It Consulting | 6/29/23 | $592,220 |
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 | $0 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
Total Program Service Revenue | $94,244,066 |
Investment income | $507,574 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | -$352,279 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $96,297,122 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $47,010 |
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. | $4,495,435 |
Compensation of current officers, directors, key employees. | $1,046,271 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $39,822,262 |
Pension plan accruals and contributions | $3,412,765 |
Other employee benefits | $3,939,741 |
Payroll taxes | $3,435,804 |
Fees for services: Management | $0 |
Fees for services: Legal | $780,088 |
Fees for services: Accounting | $128,289 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $95,246 |
Fees for services: Other | $19,487,782 |
Advertising and promotion | $978,351 |
Office expenses | $2,004,530 |
Information technology | $11,768,328 |
Royalties | $0 |
Occupancy | $2,262,422 |
Travel | $956,689 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $655,062 |
Interest | $176,561 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $2,470,756 |
Insurance | $758,685 |
All other expenses | $0 |
Total functional expenses | $101,759,320 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $247,159 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $16,932,154 |
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 | $4,873,159 |
Net Land, buildings, and equipment | $3,982,951 |
Investments—publicly traded securities | $22,068,651 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $6,552,198 |
Other assets | $45,135,820 |
Total assets | $99,792,092 |
Accounts payable and accrued expenses | $23,395,713 |
Grants payable | $0 |
Deferred revenue | $6,756,182 |
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 | $23,308,960 |
Other liabilities | $4,475,011 |
Total liabilities | $57,935,866 |
Net assets without donor restrictions | $41,856,226 |
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 | $99,792,092 |
Over the last fiscal year, National Student Clearinghouse has awarded $32,000 in support to 2 organizations.
Grant Recipient | Amount |
---|---|
NATOMAS SCHOOL FOUNDATION PURPOSE: IN HONOR OF BOARD MEMBER MR. PATRICK PERRY | $17,000 |
ANDREW CARNEGIE FREE LIBRARY PURPOSE: IN HONOR OF BOARD MEMBER MS. MARY KEENARD-SMITH | $15,000 |