Postsecondary Electronic Standards Council
- Assets
- $146.6k
- Revenue
- $285.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- 08/1999
- Data as of
- 06/2021
- EIN
- 52-2179499
Organization Overview
Postsecondary Electronic Standards Council is located in Washington, DC. The organization was established in 1999. According to its NTEE Classification (B02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Postsecondary Electronic Standards Council 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 06/2021, Postsecondary Electronic Standards Council generated $285.9k 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 (4.3%) each year. All expenses for the organization totaled $393.6k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (0.8%) 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
ESTABLISHED IN 1997 AT THE NATIONAL CENTER FOR HIGHER EDUCATION AND LOCATED IN WASHINGTON, D.C., THE POSTSECONDARY ELECTRIONIC STANDARDS COUNCIL (PESC) IS A 501(C)(3) NON-PROFIT,COMMUNITY-BASED, UMBRELLA ASSOCIATION OF COLLEGES AND UNIVERSITIES; COLLEGES AND UNIVERSITY SYSTEMS, PROFESSIONAL AND COMMERCIAL ORGANIZATIONS; DATA, SOFTWARE AND SERVICE PROVIDERS; NON-PROFIT ORGANIZATIONS AND HIGHER EDUCATION LIFECYCLE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONFERENCE & MEETINGS - MEETINGS TO DISSEEMINATE INFORMATION AND SHARE IDEAS AND DEVELOPMENT RESOURCES WHILE HEARING FROM INDUSTRY EXPERTS ON EMERGING TECHONOLOGIES AND USER-FRIENDLY PROCESSES THAT IMPACT STUDENTS AND TECHNOLOGY EXPECTATIONS. THESE MEETING INCLUDE THE ANNUAL SPRING SUMMIT AND ANNUAL FALL SUMMIT.
EDUCATION & OUTREACH - NEWSLETTER, WEBSITE, ARTICLE FOR PUBLICATION, AND PRESENTATIONS - ALL TO FURTHER PESC'S EXEMPT PURPOSE. SEE WWW.PESC.COM
STANDARDS COMMITTEE/FOURM - GROUP FORMED TO STUDY STANDARD-RELATED ISSUES, DEVELOP DATA STANDARDS AND SUPPORTING TOOLS, INCLUDING A DATA DICTIONARY FOR EDUCATION, AS WELL AS WORK ON THE U.S. DEPARMENT OF EDUCATION'S NATIONAL STUDENT LOAN DATA SYSTEM (NSLDS) AND NCES' COMMON EDUCATION DATA STANDARDS (CEDS).TASK FORCES - OPEN, COLLABORATIVE COMMITTEES THAT STUDY PROCESSES AND HOW THE USE OF STANDARDS INCREASES EFFICIENCIES AND DATA QUALITY WHILE REDUCING COST AND REDUNDANCY.USER GROUPS - OPEN COLLABORATIVE COMMITTEES THAT MAINTAIN EXISTING STANDARDS AND INITIATE AND TRACK NEW DEVELOPMENT EFFORTS ON MAINTAINED STANDARDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Sessa President And CEO | OfficerTrustee | 55 | $146,340 |
Jason Weaver Vice Chair | OfficerTrustee | 5 | $0 |
Jim Kelly Chair | OfficerTrustee | 5 | $0 |
Kristi Blabaum Treasurer | OfficerTrustee | 5 | $0 |
David Moldoff Secretary | OfficerTrustee | 5 | $0 |
Rick Skeel Director | Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $141,128 |
| Investment income | $0 |
| 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 | $285,923 |
| Statement of Expenses | |
|---|---|
| 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. | $146,340 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $81,078 |
| Pension plan accruals and contributions | $45,609 |
| Other employee benefits | $29,158 |
| Payroll taxes | $18,602 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,997 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $23,054 |
| Advertising and promotion | $1,114 |
| Office expenses | $961 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $4,696 |
| Travel | -$400 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $350 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $710 |
| Insurance | $5,696 |
| All other expenses | $0 |
| Total functional expenses | $393,592 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $42,548 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $96,000 |
| 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 | $6,300 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $146,627 |
| Accounts payable and accrued expenses | $18,616 |
| Grants payable | $0 |
| Deferred revenue | $281,980 |
| 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 | $300,596 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | -$153,969 |
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